{"product_id":"risk-management-isbn-9780470903391","title":"Risk Management","description":"\u003cb\u003eKey readings in risk management from CFA Institute, the preeminent organization representing financial analysts\u003c\/b\u003e  \u003cp\u003eRisk management may have been the single most important topic in finance over the past two decades. To appreciate its complexity, one must understand the art as well as the science behind it. \u003ci\u003eRisk Management: Foundations for a Changing Financial World\u003c\/i\u003e provides investment professionals with a solid framework for understanding the theory, philosophy, and development of the practice of risk management by\u003c\/p\u003e \u003cul\u003e \u003cli\u003e \u003cdiv\u003eOutlining the evolution of risk management and how the discipline has adapted to address the future of managing risk\u003c\/div\u003e \u003c\/li\u003e \u003cli\u003e \u003cdiv\u003eCovering the full range of risk management issues, including firm, portfolio, and credit risk management\u003c\/div\u003e \u003c\/li\u003e \u003cli\u003e \u003cdiv\u003eExamining the various aspects of measuring risk and the practical aspects of managing risk\u003c\/div\u003e \u003c\/li\u003e \u003cli\u003e \u003cdiv\u003eIncluding key writings from leading risk management practitioners and academics, such as Andrew Lo, Robert Merton, John Bogle, and Richard Bookstaber\u003c\/div\u003e \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eFor financial analysts, money managers, and others in the finance industry, this book offers an in-depth understanding of the critical topics and issues in risk management that are most important to today’s investment professionals.\u003c\/p\u003e \u003cp\u003eForeword xiii\u003c\/p\u003e \u003cp\u003eAcknowledgments xv\u003c\/p\u003e \u003cp\u003eIntroduction 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART I OVERVIEW—TWO DECADES OF RISK MANAGEMENT 5\u003cbr\u003e\u003c\/b\u003e\u003ci\u003e1990–1999\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 A Framework for Understanding Market Crisis 7\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eRichard M. Bookstaber \u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Risk Management: Principles and Practices (August 1999):7–19.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 Practical Issues in Choosing and Applying Risk Management Tools 25\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eJacques Longerstaey\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Risk Management: Principles and Practices (August 1999):52–61.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 The Three P’s of Total Risk Management 39\u003c\/b\u003e\u003ci\u003e\u003cbr\u003eAndrew W. Lo\u003cbr\u003eReprinted from the \u003c\/i\u003eFinancial Analysts Journal (January\/February 1999):13–26.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Reporting and Monitoring Risk Exposure 61 \u003cbr\u003e\u003c\/b\u003e\u003ci\u003eRobert \u003c\/i\u003e\u003ci\u003eW. Kopprasch, CFA\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Risk Management (April 1996): 25–33.\u003c\/p\u003e \u003cp\u003e\u003ci\u003e2000–Present\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 Risk Management: A Review 73\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eSébastien Lleo, CFA\u003cbr\u003e\u003c\/i\u003eModified from The Research Foundation of CFA Institute (February 2009).\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Defining Risk 113\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eGlyn A. Holton\u003cbr\u003eReprinted from the \u003c\/i\u003eFinancial Analysts Journal (November\/December 2004): 19–25.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Value and Risk: Beyond Betas 125\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eAswath Damodaran\u003cbr\u003eReprinted from the \u003c\/i\u003eFinancial Analysts Journal (March\/April 2005):38–43.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 A Simple Theory of the Financial Crisis; or, Why Fischer Black Still Matters 133\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eTyler Cowen\u003cbr\u003eReprinted from the \u003c\/i\u003eFinancial Analysts Journal (May\/June 2009):17–20.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 Managing Firm Risk 139\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eBluford H. Putnam\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Ethical Issues for Today’s Firm (July 2000):51–61.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 Risk Measurement versus Risk Management 153\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eD. Sykes Wilford\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Improving the Investment Process through Risk Management (November 2003):17–21.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART II: MEASURING RISK 161\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 11 What Volatility Tells Us about Diversification and Risk Management 163\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eMax Darnell\u003cbr\u003eReprinted from \u003c\/i\u003eCFA institute conference proceedings quarterly (september 2009):57–66.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 12 Risk\u003csup\u003e2\u003c\/sup\u003e: Measuring the Risk in Value at Risk 175\u003cbr\u003e\u003c\/b\u003e\u003ci\u003ePhilippe Jorion\u003cbr\u003eReprinted from the \u003c\/i\u003eFinancial Analysts Journal (November\/December 1996): 47–56.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 13 How Risk Management can Benefit Portfolio Managers 189\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eMichelle McCarthy\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Risk Management: Principles and Practices (August  1999):62–72.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 14 Merging the Risk Management Objectives of the Client and Investment Manager 205\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eBennett W. Golub\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Exploring the Dimensions of Fixed-Income Management (March 2004):13–23.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 15 The Mismeasurement of Risk 219\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eMark Kritzman, CFA, and Don Rich\u003cbr\u003eReprinted from the \u003c\/i\u003eFinancial Analysts Journal (May\/June 2002):91–99.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 16: Riskiness in Risk Measurement 233\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eRoland Lochoff\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Exploring the Dimensions of Fixed-Income Management (March 2004):40–51.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 17 The Second Moment 249\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eDon Ezra\u003cbr\u003eReprinted from the \u003c\/i\u003eFinancial Analysts Journal (January\/February 2009): 34–36.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 18 The Sense and Nonsense of Risk Budgeting 253\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eArjan B. Berkelaar, CFA, Adam Kobor, CFA, and Masaki Tsumagari, CFA\u003cbr\u003eReprinted from the \u003c\/i\u003eFinancial Analysts Journal (September\/October 2006): 63–75.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 19 Understanding and Monitoring the Liquidity Crisis Cycle 273\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eRichard Bookstaber\u003cbr\u003eReprinted from the \u003c\/i\u003eFinancial Analysts Journal (September\/October 2000):17–22.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 20 Why Company-Specifi c Risk Changes over Time 283\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eJames A. Bennett, CFA, and Richard W. Sias\u003cbr\u003eReprinted from the \u003c\/i\u003eFinancial Analysts Journal (September\/October 2006): 89–100.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 21 Black Monday and Black Swans 301\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eJohn C. Bogle\u003cbr\u003eReprinted from the \u003c\/i\u003eFinancial Analysts Journal (March\/April 2008):30–40.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 22 The Uncorrelated Return Myth 317\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eRichard M. Ennis, CFA\u003cbr\u003eReprinted from the \u003c\/i\u003eFinancial Analysts Journal (November\/December 2009):6–7.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePART III: MANAGING RISK 321\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAlternative Investments\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 23 Risk Management for Hedge Funds: Introduction and Overview 323\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eAndrew W. Lo\u003cbr\u003eReprinted from the \u003c\/i\u003eFinancial Analysts Journal (November\/December 2001): 16–33.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 24 Risk Management for Alternative Investment Strategies 353\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eLeslie Rahl\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Exploring the Dimensions of Fixed-Income Management (March 2004):52–62.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 25 Sources of Change and Risk for Hedge Funds 367\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eClifford S. Asness\u003cbr\u003eReprinted from \u003c\/i\u003eCFA Institute Conference Proceedings: Challenges and Innovation in Hedge Fund Management (August 2004):4–9, 13–14.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 26 Risk Management in a Fund of Funds 379\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eS. Luke Ellis\u003cbr\u003eReprinted from \u003c\/i\u003eCFA Institute Conference Proceedings: Challenges and Innovation in Hedge Fund Management (August 2004):31–39.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 27 Hedge Funds: Risk and Return 391\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eBurton G. Malkiel and Atanu Saha\u003cbr\u003eReprinted from the \u003c\/i\u003eFinancial Analysts Journal (November\/December 2005): 80–88.\u003c\/p\u003e \u003cp\u003eCredit Risk\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 28 Credit Risk 407\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eJeremy Graveline and Michael Kokalari\u003cbr\u003e\u003c\/i\u003eModified from The Research Foundation of CFA Institute (November 2006).\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 29 Tumbling Tower of Babel: Subprime Securitization and the Credit Crisis 427\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eBruce I. Jacobs\u003cbr\u003eReprinted from the \u003c\/i\u003eFinancial Analysts Journal (March\/April 2009):17–30.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 30 Applying Modern Risk Management to Equity and Credit Analysis 447\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eRobert C. Merton\u003cbr\u003eReprinted from \u003c\/i\u003eCFA Institute Conference Proceedings Quarterly (December 2007):14–22.\u003c\/p\u003e \u003cp\u003eDerivatives\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 31 The Uses and Risks of Derivatives 459\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eJoanne M. Hill\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Investing Worldwide VI (January 1996):46–58.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 32 Effective Risk Management in the Investment Firm 475\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eMark C. Brickell\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Risk Management (April 1996):48–55.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 33 Risk-Management Programs 487\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eMaarten Nederlof\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Risk Management (April 1996):15–24.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 34 Does Risk Management Add Value? 501\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eCharles W. Smithson\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Corporate Financial Decision Making and Equity Analysis (July 1995):47–53.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 35 Risk Management and Fiduciary Duties 511\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eRobert M. McLaughlin\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Risk Management: Principles and Practices (August 1999):20–31.\u003c\/p\u003e \u003cp\u003eGlobal Risk\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 36 Financial Risk Management in Global Portfolios 529\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eR. Charles Tschampion, CFA\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Investing Worldwide VI (January 1996):67–73.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 37 Universal Hedging: Optimizing Currency Risk and Reward in International Equity Portfolios 539\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eFischer Black\u003cbr\u003eReprinted from the \u003c\/i\u003eFinancial Analysts Journal (July\/August 1989):16–22.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 38 Strategies for Hedging 551\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eMark P. Kritzman, CFA\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Managing Currency Risk (November 1997):28–38.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 39 Currency Risk Management in Emerging Markets 567\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eH. Gifford Fong\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Investing Worldwide VII (September 1996):18–23.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 40 Managing Geopolitical Risks 573\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eMarvin Zonis\u003cbr\u003eReprinted from \u003c\/i\u003eCFA Institute Conference Proceedings Quarterly (September 2009):22–29.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 41 Country Risk in Global Financial Management 583\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eClaude B. Erb, CFA, Campbell R. Harvey, and Tadas E. Viskanta\u003cbr\u003eReprinted from the \u003c\/i\u003eResearch Foundation of CFA Institute (January 1998).\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 42 Political Risk in the World Economies 651\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eMarvin Zonis\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Investing Worldwide VIII: Developments in Global Portfolio Management (September 1997):1–6.\u003c\/p\u003e \u003cp\u003eNonfinancial Risk\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 43 A Behavioral Perspective on Risk Management 657\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eAndrew W. Lo\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Risk Management: Principles and Practices (August 1999):32–37.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 44 Behavioral Risk: Anecdotes and Disturbing Evidence 667\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eArnold S. Wood\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Investing Worldwide VI (January 1996):74–78.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 45 The Ten Commandments of Operational Due Diligence 673\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eRobert P. Swan III\u003cbr\u003eReprinted from \u003c\/i\u003eCFA Institute Conference Proceedings: Challenges and Innovation in Hedge Fund Management (August 2004):47–52.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 46 Models 681\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eEmanuel Derman\u003cbr\u003eReprinted from the \u003c\/i\u003eFinancial Analysts Journal (January\/February 2009):28–33.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 47 The Use and Misuse of Models in Investment Management 689\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eDouglas T. Breeden\u003cbr\u003eReprinted from \u003c\/i\u003eCFA Institute Conference Proceedings Quarterly (December 2009): 36–45.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 48 Regulating Financial Markets: Protecting Us from Ourselves and Others 701\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eMeir Statman\u003cbr\u003eReprinted from the \u003c\/i\u003eFinancial Analysts Journal (May\/June 2009):22–31.\u003c\/p\u003e \u003cp\u003ePension Risk\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 49 Budgeting and Monitoring Pension Fund Risk 715\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eWilliam F. Sharpe\u003cbr\u003eReprinted from the \u003c\/i\u003eFinancial Analysts Journal (September\/October 2002):74–86.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 50 The Plan Sponsor’s Perspective on Risk Management Programs 735\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eDesmond Mac Intyre\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Risk Management: Principles and Practices (August 1999):38–44.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 51 Evaluating a Risk-Management Program 745\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eChristopher J. Campisano, CFA\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Risk Management (April 1996):41–47.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 52 Developing and Implementing a Risk-Budgeting System 755\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eLeo J. de Bever\u003cbr\u003eReprinted from \u003c\/i\u003eAIMR Conference Proceedings: Improving the Investment Process through Risk Management (November 2003):62–72.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 53 Liability-Driven Investment Strategies for Pension Funds 771\u003cbr\u003e\u003c\/b\u003e\u003ci\u003eRoman von Ah\u003cbr\u003eReprinted from \u003c\/i\u003eCFA Institute Conference Proceedings Quarterly (December 2008):39–46.\u003c\/p\u003e \u003cp\u003eAbout the Contributors 781\u003c\/p\u003e \u003cp\u003eIndex 783\u003c\/p\u003e \u003cp\u003e \u003c\/p\u003e  \u003cp\u003e\u003cb\u003eWALTER V. \"BUD\" HASLETT J\u003csmall\u003eR\u003c\/small\u003e., CFA,\u003c\/b\u003e is Head, Risk Management, Derivatives, and Alternative Investments for CFA Institute. Mr. Haslett has served CFA Institute as an exam grader and member of the Council of Examiners as well as an ad hoc reviewer for the \u003ci\u003eFinancial Analysts Journal\u003c\/i\u003e and abstractor for the \u003ci\u003eCFA Digest.\u003c\/i\u003e He is past president of the CFA Society of Philadelphia and former board member of the New York Society of Security Analysts. He holds a Master of Liberal Arts from the University of Pennsylvania and an MBA from Drexel University. Prior to joining CFA Institute, Mr. Haslett was head of option analytics for Miller Tabak \u0026amp; Co., LLC, and spent much of his career managing risk on the option trading floors at the Philadelphia Stock Exchange.   \u003c\/p\u003e\u003cp\u003eRisk management may have been the single most important topic in finance over the past two decades. To appreciate its complexity, one must understand the art as well as the science behind it. And in order to do so, investment professionals must have a solid framework for understanding the theory, philosophy, and development of the practice of risk management. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eRisk Management: Foundations for a Changing Financial World\u003c\/i\u003e outlines the evolution of risk management with key contributions from the top minds in the field, such as Richard Bookstaber, Aswath Damodaran, Philippe Jorion, Clifford Asness, and Andrew Lo, among others. They show how the discipline has adapted to address the future of managing risk. Covering the full range of risk management issues, the book first provides an overview of the past two decades of risk management. It goes on to discuss the various aspects of measuring risk—from how risk management can benefit portfolio managers to understanding and monitoring the liquidity cycle, and more. The last section of the book examines the practical aspects of managing risk, including risk management for hedge funds, the uses and risks of derivatives, the management of geopolitical risks, and other critical topics. \u003c\/p\u003e\u003cp\u003eFor financial analysts, money managers, and others in the finance industry, this book offers an in-depth understanding of the issues most important to today's investment professionals.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989967323365,"sku":"NP9780470903391","price":100.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470903391.jpg?v=1761786063","url":"https:\/\/k12savings.com\/products\/risk-management-isbn-9780470903391","provider":"K12savings","version":"1.0","type":"link"}