{"product_id":"portfolio-theory-and-risk-management-hardback-9781107003675","title":"Portfolio Theory and Risk Management (Hardback) 9781107003675","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003ePortfolio Theory and Risk Management\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eA rigorous account of classical portfolio theory and a simple introduction to modern risk measures and their limitations.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eMaciej J. Capi?ski (Author), Ekkehard Kopp (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781107003675, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 7 August 2014\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e172 pages, 35 b\/w illus.  75 exercises\u003cbr\u003e22.9 x 15.2 x 1.1 cm, 0.4 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eWith its emphasis on examples, exercises and calculations, this book suits advanced undergraduates as well as postgraduates and practitioners. It provides a clear treatment of the scope and limitations of mean-variance portfolio theory and introduces popular modern risk measures. Proofs are given in detail, assuming only modest mathematical background, but with attention to clarity and rigour. The discussion of VaR and its more robust generalizations, such as AVaR, brings recent developments in risk measures within range of some undergraduate courses and includes a novel discussion of reducing VaR and AVaR by means of hedging techniques. A moderate pace, careful motivation and more than 70 exercises give students confidence in handling risk assessments in modern finance. Solutions and additional materials for instructors are available at www.cambridge.org\/9781107003675.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface\u003cbr\u003e 1. Risk and return\u003cbr\u003e 2. Portfolios consisting of two assets\u003cbr\u003e 3. Lagrange multipliers\u003cbr\u003e 4. Portfolios of multiple assets\u003cbr\u003e 5. The capital asset pricing model\u003cbr\u003e 6. Utility functions\u003cbr\u003e 7. Value at risk\u003cbr\u003e 8. Coherent measures of risk\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Probability \u0026amp; statistics [\u003ca title=\"See our other books on Probability \u0026amp; statistics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Probability%20\u0026amp;%20statistics%20%5BPBT%5D%22\"\u003ePBT\u003c\/a\u003e], Insurance \u0026amp; actuarial studies [\u003ca title=\"See our other books on Insurance \u0026amp; actuarial studies\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Insurance%20\u0026amp;%20actuarial%20studies%20%5BKFFN%5D%22\"\u003eKFFN\u003c\/a\u003e], Finance [\u003ca title=\"See our other books on Finance\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20%5BKFF%5D%22\"\u003eKFF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46005583479064,"sku":"9781107003675","price":76.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9781107003675i_2cf9a2b8-5b56-4612-a827-30a95d6a125b.jpg?v=1691360838","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/portfolio-theory-and-risk-management-hardback-9781107003675","provider":"Freshly Printed Books","version":"1.0","type":"link"}