Improving the Investment Process through Risk Management

by Bluford H. Putnam, D. Sykes Wilford, M. Barton Waring

Increasingly, institutional investors demand an investment process that is tempered by a keen risk awareness and supported by risk management practices that are integrated throughout the investment organization. As the demand for risk management has increased, so has the sophistication of the tools available to clients and investment managers, bringing both advances and complications. In addressing the new challenges of risk management, the authors in this proceedings delve into an array of topics-the use of risk management for pension funds and alternative investments, Monte Carlo simulation, risk budgeting, and more. Proceedings of the AIMR seminar "Risk Management 2003: Quality Control of the Investment Process"

100 pages, Paperback

First published November 14, 2003

About the author

Blu Putnam is the Chief Economist and Managing Director at CME Group, the operator of futures and options exchanges around the world. He is responsible for leading economic analysis on global financial, commodity, and agricultural markets.