Davis W. Edwards: Risk Management in Trading: Techniques to Drive Profitability of Hedge Funds and Trading Desks:John Wiley & Sons, Inc., 2014, 320 pp, approx. EUR 80, ISBN 978-1-118-76858-7

摘要

Understanding, measuring, and, ultimately, managing risks in financial markets is both an academic challenge and a core competence of an entire industry. While academic researchers have developed highly sophisticated models toward these ends, industry requires easy-to-understand measures and reports that can be understood, and quickly so, by senior management. Nevertheless, practitioners do profit from theoretical risk management concepts. Davis W. Edwards' book Risk Management in Trading aims to bridge the gap between theoretical concepts and their effective implementation in trading. Being an experienced risk management professional himself, the author guides the reader through a wide range of risk management topics, ranging from basic knowledge about financial markets to the implementation of risk management concepts-all within some 300 pages.