Risk Budgeting: A New Approach to Investing

Rating:
Summary: Novel approach to risk budgeting and asset management
Review: The book provides a delightful insight into the intricate world of balancing the trade-off between risk management and higher returns. This book is meant for those either alreday in the industry or those that have a strong interest in the day to day management of large funds. A glimpse of the authors in the book would please any academician -- MIT, Harvards, Stanfords, PhD's, CFA's... The content is varied and at the cutting edge of asset management -- a must read for any interested in an academic, risk managed approach to the world of asset management. Higher returns are not guaranteed, and the book will be too complex for many, but for those with some background it's a worthwhile splurge.