Strategic Risk Management: A Practical Guide to Portfolio Risk Management

by David Iverson

A comprehensive guide to the key investment decisions all investors must make and how to manage the risk that entailsSince all investors seek maximize returns balanced against acceptable risks, successful investment management is all about successful risk management. "Strategic Risk Management" uses that reality as a starting point, showing investors how to make risk management a process rather than just another tool in the investor's kit. The book highlights and explains primary investment risks and shows readers how to manage them across the key areas of any fund, including investment objectives, asset allocation, asset class strategy, and manager selection. With a strong focus on risk management at the time of asset allocation and at the time of implementation, the book offers important guidance for managers of benefit plans, endowments, defined contribution schemes, and family trusts.Offers a thorough examination of the role of risk management in the decision-making process for asset allocation, manager selection, and other duties of fund managersWritten by the current head of portfolio design for the New Zealand Superannuation FundAddresses the fundamental importance of risk management in today's post-crisis fund management landscape

"Strategic Risk Management" is a comprehensive and easy-to-read guide that identifies the primary risks investors face and reveals how best to manage them.

288 pages, Paperback

First published January 1, 2013

About the author

David Iverson is the current head of portfolio design for the New Zealand Superannuation Fund.

Reviews

[Adam Ferrell · Rating 5 out of 5]

This book is easy to recommend, both exquisitely clear and broken into logical steps. Come for the governance decision tables, stay for considerations into whether retaining a transition manager best suits your portfolio migration and its associated costs.
Favorite takeaway: survivorship bias skews metrics by under-reporting funds or managers that fail, and thus puts inflationary pressure on current assessments.
5/5 stars