July 2007
Beginner
312 pages
7h 8m
English
book
Hedge Fund Risk Fundamentals: Solving the Risk Management and Transparency Challenge
by Richard Horwitz, Ramon Koss
Content preview from Hedge Fund Risk Fundamentals: Solving the Risk Management and Transparency Challenge
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CHAPTER 19
I lied! In the Introduction, I promised that I would not use any Greek symbols. In this chapter, I do. To translate the above, the Greek letter sigma (Σ) is used by mathematicians to express the summation of a series. The series I am summing is Chapters 1 through 18 of this book.
The basics of risk management are actually quite simple. The objective is to understand the potential behavior of your investments. The key components of risk are:
- Volatility
- Diversification
- Leverage
- Liquidity
A basic knowledge of these fundamentals permits an investor (whether you are a fund manager managing a fund composed of securities or you are an ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.