Risk Parity Fundamentals

Rezensionen / Stimmen

"Edward Qian has been a significant researcher and practitioner in the area of risk parity, with his efforts extending further back than before he coined the term 'risk parity.' Risk Parity Fundamentals should be on the bookshelf of anyone considering or investing in multi-asset, risk-managed strategies like risk parity, both as a cover-to-cover read and as a quick reference manual."
-Michael Campbell, MBA, CAIA, Deputy Chief Investment Officer, Workplace Safety and Insurance Board (WSIB), Toronto, Canada

"Edward Qian's book is a must-read for both risk parity investors and practitioners. For investors, it is the 'buyer's guide' of a financial product category with lots of buzz, but not many structures. For practitioners, it is a DIY book written by a leading practitioner and theorist. Skillfully illustrating complex mathematical concepts through easy-to-understand analogies, Dr. Qian makes his investment insights available to both quantitative and non-quantitative oriented audiences. Dr. Qian carefully examines many important debates regarding risk parity investing and offers his insightful analyses. We can all learn something new from Dr. Qian's writing."
-Ronald Hua, Managing Director, Goldman Sachs Asset Managements

"Dr. Edward Qian, the inventor of the term 'risk parity,' started to manage risk parity portfolios in 2006-long before the strategy gained popularity in recent years. This book was based on a collection of essays for investors that Dr. Qian wrote over the years. With additional effort, Dr. Qian turned it into a comprehensive framework on multi-asset investment, a ready-to-use textbook for serious investors. As an investor and then a portfolio manager of risk rarity strategy, I find Dr. Qian's book serves as a great reference. It's a must-have for people who are interested in asset allocation and multi-asset investing, with rigorous theory as well as real money management considerations."
-Dr. Hua Fan, Senior Managing Director, Head of Fixed Income and Absolute Return Investment Department, China Investment Corp