Technical paper - Risk.net
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en-gbA note on the standard measurement approach versus the loss distribution approach–advanced measurement approach: the dawning of a new regulationThis paper presents a nonexhaustive review of the literature on operational risk quantification under a combination of the loss distribution approach model – the most commonly used of the AMA models – and extreme value theory.
http://www.risk.net/journal-of-operational-risk/5346106/a-note-on-the-standard-measurement-approach-versus-the-loss-distribution-approach-advanced-measurement-approach-the-dawning-of-a-new-regulation
http://www.risk.net/journal-of-operational-risk/5346106/a-note-on-the-standard-measurement-approach-versus-the-loss-distribution-approach-advanced-measurement-approach-the-dawning-of-a-new-regulation
Thu, 19 Oct 2017 09:44:42 +0100 Derivatives pricing under bilateral counterparty riskThe authors consider risk-neutral valuation of a contingent claim under bilateral counterparty risk using the well-known reduced-form approach.
http://www.risk.net/journal-of-risk/5344891/derivatives-pricing-under-bilateral-counterparty-risk
http://www.risk.net/journal-of-risk/5344891/derivatives-pricing-under-bilateral-counterparty-risk
Tue, 17 Oct 2017 07:41:44 +0100 Networks of log returns and volatilities of international stock market indexesIn this paper, the author builds dynamic networks based on correlation and transfer entropy, using both the log returns and the volatilities of 97 stock market indexes from various parts of the world between 2000 and 2016
http://www.risk.net/journal-of-network-theory-in-finance/5343316/networks-of-log-returns-and-volatilities-of-international-stock-market-indexes
http://www.risk.net/journal-of-network-theory-in-finance/5343316/networks-of-log-returns-and-volatilities-of-international-stock-market-indexes
Thu, 12 Oct 2017 11:40:06 +0100 Systemic risk management in financial networks with credit default swapsIn this paper the authors study insolvency cascades in an interbank system, in which banks are permitted to insure their loans with credit default swaps sold by other banks.
http://www.risk.net/journal-of-network-theory-in-finance/5343306/systemic-risk-management-in-financial-networks-with-credit-default-swaps
http://www.risk.net/journal-of-network-theory-in-finance/5343306/systemic-risk-management-in-financial-networks-with-credit-default-swaps
Thu, 12 Oct 2017 07:44:29 +0100 Leverage and uncertaintyBy extending the Kelly criterion to a simple probabilistic model with an additional tail risk outcome associated with uncertainty, this paper looks beyond risk and evaluates how uncertainty constrains optimal leverage.
http://www.risk.net/journal-of-investment-strategies/5330296/leverage-and-uncertainty
http://www.risk.net/journal-of-investment-strategies/5330296/leverage-and-uncertainty
Wed, 11 Oct 2017 15:57:23 +0100 Optimising VAR and terminating Arnie-VARAlbanese, Caenazzo and Syrkin show how full-revaluation VAR is more accurate and robust than sensitivity-based VAR measures http://www.risk.net/risk-management/5342056/optimising-var-and-terminating-arnie-var
http://www.risk.net/risk-management/5342056/optimising-var-and-terminating-arnie-varWed, 11 Oct 2017 15:52:26 +0100Lifecycle investing with the profitable dividend yield strategy: simulations and nonparametric analysisUsing simulations, the author shows that life-cycle investing implemented on highly profitable and high dividend yield stocks (the profitable dividend yield strategy) provides a compelling solution to the suboptimality problem by leveraging on the strategy’s high average return and outstanding Sharpe ratio compared with a market portfolio.
http://www.risk.net/journal-of-investment-strategies/5330261/lifecycle-investing-with-the-profitable-dividend-yield-strategy-simulations-and-nonparametric-analysis
http://www.risk.net/journal-of-investment-strategies/5330261/lifecycle-investing-with-the-profitable-dividend-yield-strategy-simulations-and-nonparametric-analysis
Wed, 11 Oct 2017 15:29:42 +0100 Enhancing enterprise value by trading optionsThis paper considers the problem of enhancing an investment activity by regularly adding an option trade to the portfolio mix and presented results for the single underlier of the S&P 500 index, with the underlying activity being either long the index or a portfolio rebalanced to a 60% equity stake.
http://www.risk.net/journal-of-investment-strategies/5330276/enhancing-enterprise-value-by-trading-options
http://www.risk.net/journal-of-investment-strategies/5330276/enhancing-enterprise-value-by-trading-options
Wed, 11 Oct 2017 15:11:34 +0100 Machine learning for tradingGordon Ritter applies reinforcement learning to dynamic trading strategies with market impact http://www.risk.net/asset-management/5341796/machine-learning-for-trading
http://www.risk.net/asset-management/5341796/machine-learning-for-tradingTue, 10 Oct 2017 14:23:40 +0100Ranking the economic importance of countries and industriesThe authors present a methodological framework for quantifying interdependencies in the global market and for evaluating risk levels in the worldwide financial network.
http://www.risk.net/journal-of-network-theory-in-finance/5329781/ranking-the-economic-importance-of-countries-and-industries
http://www.risk.net/journal-of-network-theory-in-finance/5329781/ranking-the-economic-importance-of-countries-and-industries
Tue, 10 Oct 2017 10:59:40 +0100 Asset price bubbles and risk managementThe purpose of this paper is to review the literature on asset price bubbles to study the impact that the existence of bubbles has on standard risk management methodologies.
http://www.risk.net/journal-of-risk/5340371/asset-price-bubbles-and-risk-management
http://www.risk.net/journal-of-risk/5340371/asset-price-bubbles-and-risk-management
Thu, 05 Oct 2017 13:04:10 +0100 Fast, accurate and straightforward extreme quantiles of compound loss distributionsIn this paper, the author presents an easy-to-implement, fast and accurate method for approximating extreme quantiles of compound loss distributions (frequency + severity), which are commonly used in insurance and operational risk capital models.
http://www.risk.net/journal-of-operational-risk/5329986/fast-accurate-and-straightforward-extreme-quantiles-of-compound-loss-distributions
http://www.risk.net/journal-of-operational-risk/5329986/fast-accurate-and-straightforward-extreme-quantiles-of-compound-loss-distributions
Wed, 04 Oct 2017 14:12:08 +0100 Central counterparty recovery and resolution: the European perspectiveThis paper contributes to the literature on the recovery and resolution of central counterparties (CCPs) by exploring the key components of the recent European legislative proposal on the recovery and resolution of CCPs, its main differences with the bank recovery and resolution directive, and its main underlying policy options.
http://www.risk.net/journal-of-financial-market-infrastructures/5331656/central-counterparty-recovery-and-resolution-the-european-perspective
http://www.risk.net/journal-of-financial-market-infrastructures/5331656/central-counterparty-recovery-and-resolution-the-european-perspective
Mon, 02 Oct 2017 14:42:59 +0100 Nonmonotonic trade-offs of tiering in a large-value payment systemThis paper studies tiering in the case of a national payment system in an emerging economy: the large-value payment system Sistemas de Cuentas de Depósito (CUD, the Spanish acronym for the Deposit Accounts System) operated by the Colombian central bank.
http://www.risk.net/journal-of-financial-market-infrastructures/5338601/nonmonotonic-trade-offs-of-tiering-in-a-large-value-payment-system
http://www.risk.net/journal-of-financial-market-infrastructures/5338601/nonmonotonic-trade-offs-of-tiering-in-a-large-value-payment-system
Mon, 02 Oct 2017 14:42:38 +0100 Nondefault loss allocation at central counterpartiesIn this paper, the authors answer three questions about the appropriate allocation of nondefault losses at central counterparties.
http://www.risk.net/journal-of-financial-market-infrastructures/5338596/nondefault-loss-allocation-at-central-counterparties
http://www.risk.net/journal-of-financial-market-infrastructures/5338596/nondefault-loss-allocation-at-central-counterparties
Mon, 02 Oct 2017 14:42:32 +0100 Estimating “hedge and auction” liquidation costs in central counterparties: a closeout risk approachThis paper shows how the closeout risk framework can be extended to realistically represent and simulate the potential outcomes of “hedge and auction” default management policies currently implemented by several major central counterparties.
http://www.risk.net/journal-of-financial-market-infrastructures/5332686/estimating-hedge-and-auction-liquidation-costs-in-central-counterparties-a-closeout-risk-approach
http://www.risk.net/journal-of-financial-market-infrastructures/5332686/estimating-hedge-and-auction-liquidation-costs-in-central-counterparties-a-closeout-risk-approach
Mon, 02 Oct 2017 14:42:19 +0100 Management of behavioral risk in the first line of defenceThis paper discusses key features of fighting behavioral risk in the business line of operations as the central hub for all transactions in a bank.
http://www.risk.net/journal-of-operational-risk/5331646/management-of-behavioral-risk-in-the-first-line-of-defence
http://www.risk.net/journal-of-operational-risk/5331646/management-of-behavioral-risk-in-the-first-line-of-defence
Tue, 26 Sep 2017 10:11:31 +0100 Behavioral risks at the systemic levelBy comparing the Libor and FX benchmark manipulation scandals, this paper describes how misbehavior emerged independently in both of these markets and the conditions that permitted the misconduct to survive and thrive.
http://www.risk.net/journal-of-operational-risk/5336006/behavioral-risks-at-the-systemic-level
http://www.risk.net/journal-of-operational-risk/5336006/behavioral-risks-at-the-systemic-level
Tue, 26 Sep 2017 10:06:46 +0100 An uncertainty quantification framework for the achievability of backtesting results of trading strategiesIn this paper, the authors propose a framework for implementing and backtesting trading strategies.
http://www.risk.net/journal-of-investment-strategies/5331631/an-uncertainty-quantification-framework-for-the-achievability-of-backtesting-results-of-trading-strategies
http://www.risk.net/journal-of-investment-strategies/5331631/an-uncertainty-quantification-framework-for-the-achievability-of-backtesting-results-of-trading-strategies
Wed, 20 Sep 2017 15:58:32 +0100 A forward dynamic optimization strategy under contango storage arbitrage with frictionsThe goal of this paper is to explain and improve the offshore oil storage trade observed in a contango market using a forward dynamic optimization strategy. The strategy is developed using trades in forward contracts and contrasted with the literature.
http://www.risk.net/journal-of-energy-markets/5331606/a-forward-dynamic-optimization-strategy-under-contango-storage-arbitrage-with-frictions
http://www.risk.net/journal-of-energy-markets/5331606/a-forward-dynamic-optimization-strategy-under-contango-storage-arbitrage-with-frictions
Wed, 20 Sep 2017 09:42:02 +0100 A three-factor model on the natural gas forward curve including temperature forecastsThis paper introduces a three-factor model that jointly describes both natural gas forward prices and temperature forecast dynamics.
http://www.risk.net/journal-of-energy-markets/5328056/a-three-factor-model-on-the-natural-gas-forward-curve-including-temperature-forecasts
http://www.risk.net/journal-of-energy-markets/5328056/a-three-factor-model-on-the-natural-gas-forward-curve-including-temperature-forecasts
Wed, 20 Sep 2017 09:41:46 +0100 Risk and abnormal returns in markets for congestion revenue rightsThis paper develops a novel methodology for estimating the systematic risk of individual financial transmission rights and detecting the presence of abnormal returns among these financial instruments.
http://www.risk.net/journal-of-energy-markets/5329906/risk-and-abnormal-returns-in-markets-for-congestion-revenue-rights
http://www.risk.net/journal-of-energy-markets/5329906/risk-and-abnormal-returns-in-markets-for-congestion-revenue-rights
Wed, 20 Sep 2017 09:41:24 +0100 Calibrating Heston for credit riskMarco de Innocentis and Sergei Levendorskiĭ describe a faster and more accurate method for market-implied calibration of the Heston model http://www.risk.net/risk-management/credit-risk/5330021/calibrating-heston-for-credit-risk
http://www.risk.net/risk-management/credit-risk/5330021/calibrating-heston-for-credit-riskWed, 13 Sep 2017 10:35:31 +0100Haircutting non-cash collateralWujiang Lou develops a parametric haircut model to conduct sensitivity tests and capture market liquidity risk http://www.risk.net/risk-management/5328621/haircutting-non-cash-collateral
http://www.risk.net/risk-management/5328621/haircutting-non-cash-collateralTue, 12 Sep 2017 11:36:08 +0100On the correlation and parametric approaches to calculation of credit value adjustmentThis paper develops a connection between the Hull–White parametric approach and the PCL correlation approach for CVA calculation.
http://www.risk.net/journal-of-risk-model-validation/5318806/on-the-correlation-and-parametric-approaches-to-calculation-of-credit-value-adjustment
http://www.risk.net/journal-of-risk-model-validation/5318806/on-the-correlation-and-parametric-approaches-to-calculation-of-credit-value-adjustment
Thu, 07 Sep 2017 14:31:31 +0100 Bayesian analysis in an aggregate loss model: validation of the structure functionsThis paper considers the empirical evaluation of a collective risk model with the geometric as the primary distribution and the exponential as the secondary distribution.
http://www.risk.net/journal-of-risk-model-validation/5328501/bayesian-analysis-in-an-aggregate-loss-model-validation-of-the-structure-functions
http://www.risk.net/journal-of-risk-model-validation/5328501/bayesian-analysis-in-an-aggregate-loss-model-validation-of-the-structure-functions
Thu, 07 Sep 2017 14:25:17 +0100 The use of the triangular approximation for some complicated risk measurement calculationsThe author introduces the triangular approximation to the normal distribution in order to extract closed- and semi-closed-form solutions that are useful in risk measurement calculations.
http://www.risk.net/journal-of-risk-model-validation/5328496/the-use-of-the-triangular-approximation-for-some-complicated-risk-measurement-calculations
http://www.risk.net/journal-of-risk-model-validation/5328496/the-use-of-the-triangular-approximation-for-some-complicated-risk-measurement-calculations
Thu, 07 Sep 2017 14:25:06 +0100 Stochastic modeling of photovoltaic power generation and electricity pricesThis paper proposes a stochastic model for the maximal production of PV power on a daily basis, based on data from three transmission system operators in Germany.
http://www.risk.net/journal-of-energy-markets/5327901/stochastic-modeling-of-photovoltaic-power-generation-and-electricity-prices
http://www.risk.net/journal-of-energy-markets/5327901/stochastic-modeling-of-photovoltaic-power-generation-and-electricity-prices
Wed, 06 Sep 2017 11:39:21 +0100 Addressing probationary period within a competing risks survival model for retail mortgage loss given defaultThis paper presents a novel approach to modeling retail mortgage LGD estimation.
http://www.risk.net/journal-of-credit-risk/5319646/addressing-probationary-period-within-a-competing-risks-survival-model-for-retail-mortgage-loss-given-default
http://www.risk.net/journal-of-credit-risk/5319646/addressing-probationary-period-within-a-competing-risks-survival-model-for-retail-mortgage-loss-given-default
Mon, 04 Sep 2017 11:19:13 +0100 Reliability and agreement of credit ratings in the Mexican fixed-income marketThis paper borrows concepts from measurement, test and psychometric theories to explore the issue of credit ratings in the Mexican corporate bond market.
http://www.risk.net/journal-of-credit-risk/5319626/reliability-and-agreement-of-credit-ratings-in-the-mexican-fixed-income-market
http://www.risk.net/journal-of-credit-risk/5319626/reliability-and-agreement-of-credit-ratings-in-the-mexican-fixed-income-market
Mon, 04 Sep 2017 11:15:48 +0100 When banks venture beyond home turf: consequences for loan performanceIn this paper, the authors analyze the credit risk of Japanese regional banks when they lend to areas outside their original operational bases.
http://www.risk.net/journal-of-credit-risk/5318986/when-banks-venture-beyond-home-turf-consequences-for-loan-performance
http://www.risk.net/journal-of-credit-risk/5318986/when-banks-venture-beyond-home-turf-consequences-for-loan-performance
Mon, 04 Sep 2017 11:12:36 +0100 European option pricing under geometric Lévy processes with proportional transaction costsThis paper considers the problem of European option pricing in the presence of a proportional transaction cost when the price of the underlying follows a jump–diffusion process.
http://www.risk.net/journal-of-computational-finance/5316591/european-option-pricing-under-geometric-levy-processes-with-proportional-transaction-costs
http://www.risk.net/journal-of-computational-finance/5316591/european-option-pricing-under-geometric-levy-processes-with-proportional-transaction-costs
Fri, 01 Sep 2017 10:10:44 +0100 Robust option pricing with characteristic functions and the B-spline order of density projectionThis paper extends and refines the method of option pricing by frame projection of risk-neutral densities to incorporate B-splines.
http://www.risk.net/journal-of-computational-finance/5316576/robust-option-pricing-with-characteristic-functions-and-the-b-spline-order-of-density-projection
http://www.risk.net/journal-of-computational-finance/5316576/robust-option-pricing-with-characteristic-functions-and-the-b-spline-order-of-density-projection
Fri, 01 Sep 2017 10:03:21 +0100 A generalized risk budgeting approach to portfolio constructionThis paper proposes a generalized risk budgeting approach to portfolio construction.
http://www.risk.net/journal-of-computational-finance/5316546/a-generalized-risk-budgeting-approach-to-portfolio-construction
http://www.risk.net/journal-of-computational-finance/5316546/a-generalized-risk-budgeting-approach-to-portfolio-construction
Fri, 01 Sep 2017 09:58:01 +0100 Efficient valuation of equity-indexed annuities under Lévy processes using Fourier cosine seriesThis paper proposes an efficient algorithm to value two popular crediting formulas found in equity-indexed annuities – APP and MPP – under general Lévy-process-based index returns.
http://www.risk.net/journal-of-computational-finance/5316511/efficient-valuation-of-equity-indexed-annuities-under-levy-processes-using-fourier-cosine-series
http://www.risk.net/journal-of-computational-finance/5316511/efficient-valuation-of-equity-indexed-annuities-under-levy-processes-using-fourier-cosine-series
Fri, 01 Sep 2017 09:52:06 +0100 Forward ordinal probability models for point-in-time probability of default term structure: methodologies and implementations for IFRS 9 expected credit loss estimation and CCAR stress testingThis paper proposes an ordinal model based on forward ordinal probabilities for rank outcomes.
http://www.risk.net/journal-of-risk-model-validation/5318076/forward-ordinal-probability-models-for-point-in-time-probability-of-default-term-structure-methodologies-and-implementations-for-ifrs-9-expected-credit-loss-estimation-and-ccar-stress-testing
http://www.risk.net/journal-of-risk-model-validation/5318076/forward-ordinal-probability-models-for-point-in-time-probability-of-default-term-structure-methodologies-and-implementations-for-ifrs-9-expected-credit-loss-estimation-and-ccar-stress-testing
Thu, 31 Aug 2017 11:39:28 +0100 Local variance gamma revisitedIn this paper, the authors propose a new method of constructing volatility surfaces for foreign exchange options.
http://www.risk.net/journal-of-computational-finance/5315521/local-variance-gamma-revisited
http://www.risk.net/journal-of-computational-finance/5315521/local-variance-gamma-revisited
Wed, 30 Aug 2017 09:28:17 +0100 The issues with the standardized measurement approach and a potential future direction for operational risk capital modelingThis paper discusses the criticism and praise the SMA and AMA have received, respectively, in many recent articles.
http://www.risk.net/journal-of-operational-risk/5313961/the-issues-with-the-standardized-measurement-approach-and-a-potential-future-direction-for-operational-risk-capital-modeling
http://www.risk.net/journal-of-operational-risk/5313961/the-issues-with-the-standardized-measurement-approach-and-a-potential-future-direction-for-operational-risk-capital-modeling
Tue, 29 Aug 2017 09:54:03 +0100 A new nonlinear partial differential equation in finance and a method of its solutionIn this paper, the author considers a special type of nonlinear PDE that arises by applying optimization to some financial problems.
http://www.risk.net/journal-of-computational-finance/5315456/a-new-nonlinear-partial-differential-equation-in-finance-and-a-method-of-its-solution
http://www.risk.net/journal-of-computational-finance/5315456/a-new-nonlinear-partial-differential-equation-in-finance-and-a-method-of-its-solution
Fri, 25 Aug 2017 09:53:41 +0100 A practical maturity assessment method for model risk management in banksThis paper proposes a qualitative method to assess the maturity of model risk management practices within banks.
http://www.risk.net/journal-of-risk-model-validation/5312461/a-practical-maturity-assessment-method-for-model-risk-management-in-banks
http://www.risk.net/journal-of-risk-model-validation/5312461/a-practical-maturity-assessment-method-for-model-risk-management-in-banks
Thu, 24 Aug 2017 14:44:52 +0100 A nonparametric local volatility model for swaptions smileThis paper proposes a nonparametric local volatility Cheyette model and applies it to pricing interest rate swaptions.
http://www.risk.net/journal-of-computational-finance/5315576/a-nonparametric-local-volatility-model-for-swaptions-smile
http://www.risk.net/journal-of-computational-finance/5315576/a-nonparametric-local-volatility-model-for-swaptions-smile
Wed, 23 Aug 2017 10:20:37 +0100 A vine copula–GARCH approach to corporate exposure managementThis paper applies vine copulas with GARCH marginals to the problem of capturing asset dependence and tail dynamics for currency and commodity exposures commonly found in portfolios of global corporates.
http://www.risk.net/journal-of-risk/5312466/a-vine-copula-garch-approach-to-corporate-exposure-management
http://www.risk.net/journal-of-risk/5312466/a-vine-copula-garch-approach-to-corporate-exposure-management
Tue, 22 Aug 2017 09:18:09 +0100 An operational risk-based regime-switching model for stock pricesThis paper proposes a new risk-based regime-switching model for stock prices to examine the impact of operational risk events on stock prices.
http://www.risk.net/journal-of-operational-risk/5313951/an-operational-risk-based-regime-switching-model-for-stock-prices
http://www.risk.net/journal-of-operational-risk/5313951/an-operational-risk-based-regime-switching-model-for-stock-prices
Mon, 21 Aug 2017 09:37:53 +0100 Local volatility models in commodity markets and online calibrationThis paper introduces a local volatility model for the valuation of options on commodity futures by using European vanilla option prices.
http://www.risk.net/journal-of-computational-finance/5315561/local-volatility-models-in-commodity-markets-and-online-calibration
http://www.risk.net/journal-of-computational-finance/5315561/local-volatility-models-in-commodity-markets-and-online-calibration
Fri, 18 Aug 2017 12:12:16 +0100 Using derivatives to forecast oil scenariosGenerating probability-weighted oil price scenarios from traded derivatives prices can help risk managers in the industry
http://www.risk.net/commodities/5318456/using-derivatives-to-forecast-oil-scenarios
http://www.risk.net/commodities/5318456/using-derivatives-to-forecast-oil-scenariosThu, 17 Aug 2017 11:39:32 +0100Asset price bubbles and the quantification of credit risk capital with sensitivity analysis, empirical implementation and an application to stress testingThis paper presents an analysis of the impact of asset price bubbles on standard credit risk measures.
http://www.risk.net/journal-of-risk-model-validation/5312446/asset-price-bubbles-and-the-quantification-of-credit-risk-capital-with-sensitivity-analysis-empirical-implementation-and-an-application-to-stress-testing
http://www.risk.net/journal-of-risk-model-validation/5312446/asset-price-bubbles-and-the-quantification-of-credit-risk-capital-with-sensitivity-analysis-empirical-implementation-and-an-application-to-stress-testing
Thu, 17 Aug 2017 11:03:58 +0100 Estimating the tail shape parameter from option pricesIn this paper, the author proposes a method to estimate the tail shape parameter of the risk-neutral density.
http://www.risk.net/journal-of-risk/5311761/estimating-the-tail-shape-parameter-from-option-prices
http://www.risk.net/journal-of-risk/5311761/estimating-the-tail-shape-parameter-from-option-prices
Wed, 02 Aug 2017 13:36:18 +0100 Inefficiency and bias of modified value-at-risk and expected shortfallThis paper compares mVaR and mES estimators with VaR and ES under normal and fat tailed t-distributions.
http://www.risk.net/journal-of-risk/5311726/inefficiency-and-bias-of-modified-value-at-risk-and-expected-shortfall
http://www.risk.net/journal-of-risk/5311726/inefficiency-and-bias-of-modified-value-at-risk-and-expected-shortfall
Wed, 02 Aug 2017 13:33:34 +0100 Comparing multivariate volatility forecasts by direct and indirect approachesThis paper investigates direct and indirect volatility evaluations in the multivariate framework by means of a Monte Carlo simulation
http://www.risk.net/journal-of-risk/5311711/comparing-multivariate-volatility-forecasts-by-direct-and-indirect-approaches
http://www.risk.net/journal-of-risk/5311711/comparing-multivariate-volatility-forecasts-by-direct-and-indirect-approaches
Wed, 02 Aug 2017 13:31:43 +0100 Risk management for private equity fundsThis paper aims to fill a gap in the literature by developing the first comprehensive risk management framework for private equity fund investments.
http://www.risk.net/journal-of-risk/5311701/risk-management-for-private-equity-funds
http://www.risk.net/journal-of-risk/5311701/risk-management-for-private-equity-funds
Wed, 02 Aug 2017 13:28:59 +0100