{"product_id":"risk-parity-isbn-9781119812562","title":"Risk Parity","description":"\u003cp\u003e\u003cb\u003eTarget high returns and greater consistency with this insightful guide from a leading investor\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe market volatility exacerbated by the COVID-19 pandemic has led many to question their exposure to risk in their own portfolios. But what should one do about it?\u003c\/p\u003e \u003cp\u003eIn \u003ci\u003eRisk Parity: How to Invest for All Market Environments\u003c\/i\u003e, accomplished investment consultant Alex Shahidi delivers a powerful approach to portfolio management that reduces the potential for significant capital loss while maintaining an attractive expected return.\u003c\/p\u003e \u003cp\u003eThe book focuses on allocating capital amongst four diverse asset classes: equities, commodities, Treasury bonds, and Treasury Inflation Protected Securities. You’ll learn about:\u003c\/p\u003e \u003cul\u003e \u003cli\u003eThe nature of risk and why traditional approaches to risk management unnecessarily give up potential returns or inadequately protect against catastrophic market events\u003c\/li\u003e \u003cli\u003eWhy proper risk management is more important now than ever\u003c\/li\u003e \u003cli\u003eHow to efficiently implement a risk parity approach\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003ePerfect for both individual and professional investors, \u003ci\u003eRisk Parity \u003c\/i\u003eis a must-have resource for anyone seeking to increase consistency in their portfolio by building a truly balanced asset allocation.\u003c\/p\u003e \u003cp\u003eForeword ix\u003c\/p\u003e \u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xiii\u003c\/p\u003e \u003cp\u003eAbout the Author xv\u003c\/p\u003e \u003cp\u003eIntroduction xvii\u003c\/p\u003e \u003cp\u003eChapter 1 What Is Risk Parity? 1\u003c\/p\u003e \u003cp\u003eChapter 2 Two Steps to Build a Well-Balanced Portfolio 11\u003c\/p\u003e \u003cp\u003eChapter 3 Equities 21\u003c\/p\u003e \u003cp\u003eChapter 4 Treasuries 35\u003c\/p\u003e \u003cp\u003eChapter 5 TIPS 51\u003c\/p\u003e \u003cp\u003eChapter 6 Commodities 63\u003c\/p\u003e \u003cp\u003eChapter 7 Other Asset Classes 75\u003c\/p\u003e \u003cp\u003eChapter 8 Risk Parity Portfolio Summary 89\u003c\/p\u003e \u003cp\u003eChapter 9 Risk Parity Portfolio Historical Returns 99\u003c\/p\u003e \u003cp\u003eChapter 10 The Timeliness of Risk Parity 115\u003c\/p\u003e \u003cp\u003eChapter 11 The Rebalancing Boost 129\u003c\/p\u003e \u003cp\u003eChapter 12 Efficient Implementation 135\u003c\/p\u003e \u003cp\u003eChapter 13 When Does Risk Parity Underperform? 143\u003c\/p\u003e \u003cp\u003eChapter 14 FAQs 155\u003c\/p\u003e \u003cp\u003eChapter 15 Conclusion 173\u003c\/p\u003e \u003cp\u003eIndex 175\u003c\/p\u003e \u003cp\u003e\u003cb\u003eALEX SHAHIDI\u003c\/b\u003e is Managing Partner and Co-Chief Investment Officer at Evoke Advisors, one of the largest registered investment advisors in the United States. He has over two decades of experience as an investment advisor managing billions of dollars for institutional and ultra-high-net-worth clients. Alex is a Chartered Financial Analyst charterholder, a Certified Investment Management Analyst, and a Certified Financial Planner. \u003ci\u003eBarron’s \u003c\/i\u003emagazine has repeatedly ranked him as one of the top financial advisors in the country. Alex has been interviewed on Bloomberg Television and Radio, BBC World News, and Yahoo! Finance and for articles in the \u003ci\u003eWall Street Journal, Barron’s,\u003c\/i\u003e and other major publications. He has also been featured in numerous podcasts including Capital Allocators, The Investor’s Podcast, and Seeking Alpha.\u003c\/p\u003e  \u003cp\u003eMost portfolios that promise high returns take on an excessive amount of risk. Black swan events like the 2008 financial crisis and the COVID-19  pandemic have highlighted the devastating impact this can have on the typical portfolio. But is there anything the average investor can do differently?  \u003c\/p\u003e\u003cp\u003eIn\u003ci\u003e Risk Parity: How to Invest for All Market Environments,\u003c\/i\u003e a veteran investment advisor delivers a roadmap to achieving equity-like returns with less risk. Drawing on decades of experience managing billions of dollars, the author explains how traditional risk management approaches give up potential returns yet still leave portfolios vulnerable to catastrophic market events. He then shows how investors can do far better with  a more balanced portfolio that is less susceptible to shifting economic environments. \u003c\/p\u003e\u003cp\u003eYou’ll discover how a simple, passive approach to allocating risk across equities, commodities, Treasury bonds, and Treasury Inflation Protected Securities (TIPS) can produce a reliably diversified portfolio that anyone can access. \u003c\/p\u003e\u003cp\u003ePerfect for both individual and professional investors, \u003ci\u003eRisk Parity: How to Invest for All Market Environments\u003c\/i\u003e is the ideal resource for anyone seeking a more consistent, less volatile path to earning attractive expected returns over the long run.    \u003c\/p\u003e\u003cp\u003e\u003cb\u003ePraise for Risk Parity\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e“Alex’s insights and clear writing style provide a great introduction to a common investor question: how to earn equity-like returns while taking less than equity-like risk. Alex lays out the benefits of a risk parity approach to investing, defines the lower-risk asset classes that can be structured to achieve higher returns in ???parity’ with equities, explains which market environments benefit each asset class, and provides historical evidence that the approach works over many investment timeframes. If you want to learn how risk parity as an alternative to traditional 60\/40 portfolio construction can work for you as an investor, Alex’s book is a great read.???  \u003c\/p\u003e\u003cp\u003e\u003cb\u003e —BRIAN HIGGINS,\u003c\/b\u003e Founder and Managing Partner, King Street Capital \u003c\/p\u003e\u003cp\u003e“Alex is a clear thinker who attacks a challenging investment framework from first principles. In\u003ci\u003e Risk Parity,\u003c\/i\u003e he peels back the onion one layer at a time, with each iteration offering more depth and nuance. \u003ci\u003eRisk Parity\u003c\/i\u003e offers both a refresher on what drives investment returns and a thoughtful paradigm to execute.” \u003c\/p\u003e\u003cp\u003e\u003cb\u003e —TED SEIDES,\u003c\/b\u003e investor; host, Capital Allocators podcast \u003c\/p\u003e\u003cp\u003e“Alex is one of the pioneers who thoughtfully allocates capital for his asset owners in an investment world with so many unknowns.” \u003c\/p\u003e\u003cp\u003e\u003cb\u003e —FRAN KINNIRY, CFA, \u003c\/b\u003ePrincipal, Global Head of Private Investments, Vanguard \u003c\/p\u003e\u003cp\u003e“Alex has a long track record of successful investment strategies for both institutions and high wealth individuals. He has articulated his vision for success in this book and it provides valuable insights for anyone seeking intelligent portfolio planning.” \u003c\/p\u003e\u003cp\u003e\u003cb\u003e —JIM GIANOPULOS,\u003c\/b\u003e Chairman and CEO, Paramount Pictures \u003c\/p\u003e\u003cp\u003e“Diversification is the only free lunch available to investors. Alex’s book brilliantly explains how to best balance a portfolio.” \u003c\/p\u003e\u003cp\u003e\u003cb\u003e —BRUNO DEL AMA,\u003c\/b\u003e Co-Founder, Global X ETFs\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989967880421,"sku":"NP9781119812562","price":25.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119812562.jpg?v=1761786066","url":"https:\/\/k12savings.com\/products\/risk-parity-isbn-9781119812562","provider":"K12savings","version":"1.0","type":"link"}