From alpha to omega
The standard measures of credit risk do not efficiently capture the possible distribution of losses on a portfolio. But the Omega function may provide a solution for investors. Gene Yeboah
It is not an overstatement to say that we are in the midst of fundamental transformation caused by the credit crunch. It's like some kind of monster in a Hollywood movie: no-one seems to know exactly what kind of weapon to use to tame it. However, we shouldn't despair as there are a number of measures we can take to learn how to measure and manage the risks of our investments strategically.
The
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