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Viewing report
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Risk Budgeting: A New Approach to Investing
Incisive Media, Nov 2003, Pages: 300
'Rahl has done an excellent job in providing a collection of articles that clearly bring together the concepts surrounding risk budgeting, which should be essential reading for anyone with an interest in this area.'
Douglas Long, Principia Partners
A practical and authoritative introduction to the concept of risk unit allocation as an alternative and more effective decision-making process for long-term investors
-Make an informed decision about how to implement and execute a 'risk unit allocation' investment policy
-Analysis of techniques to assess how risk might impact long-term investment returns
-Introduces methods to allocate assets based on the 'risk unit' exposures - in individual asset classes and on a portfolio basis, to meet long-term pension obligations and investment return objectives
-Investigates ways to use VAR to accommodate a long-term investment horizon
-Contributions from leading experts drawn from consultancies; large institutional investors; pension plans; investment banks and academia
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