Abstract

  


 



Risk Management in Asset Management


Gregory Connor


London School of Economics & Political Science (LSE) - Department of Accounting and Finance

Robert A. Korajczyk


Northwestern University - Kellogg School of Management
January 17, 2003

The Growth of Risk Management: A History, 2003

Abstract:     
Investors are natural risk bearers, in part due to the vast array of risk management tools available to them. These tools allow a risk budgeting process that de-couples the asset allocation and active bets taken in the portfolio. The risk of non-traded assets in the portfolio can be reduced by selective hedging and insurance products. Non-traded assets and a dynamic risk/return tradeoff lead to horizon specific asset allocation. Portfolios should be constructed to account for the systematic shifts in asset liquidity.

Number of Pages in PDF File: 17

Keywords: risk management, asset management

JEL Classification: G1, G11

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Date posted: July 30, 2009  

Suggested Citation

Connor, Gregory and Korajczyk, Robert A., Risk Management in Asset Management (January 17, 2003). The Growth of Risk Management: A History, 2003. Available at SSRN: http://ssrn.com/abstract=1440266

Contact Information

Gregory Connor
London School of Economics & Political Science (LSE) - Department of Accounting and Finance ( email )
Houghton Street
London WC2A 2AE
United Kingdom
+44 702 955-6407 (Phone)
+44 702 955-7420 (Fax)
Robert A. Korajczyk (Contact Author)
Northwestern University - Kellogg School of Management ( email )
2001 Sheridan Road
Evanston, IL 60208
United States
847-491-8336 (Phone)
847-491-5719 (Fax)
Feedback to SSRN (Beta)


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