In the field of financial risk management, the 'sell side' is the set of
financial institutions who offer risk management products to
corporations, governments, and institutional investors, who comprise the
'buy side'. The sell side is often at a significant advantage as it
employs quantitative experts who provide specialized knowledge. Further,
the existing body of knowledge on risk management, while extensive, is
highly technical and mathematical and is directed to the sell side.This
book levels the playing field by approaching risk management from the
buy side instead, focusing on educating corporate and institutional
users of risk management products on the essential knowledge they need
to be an intelligent buyer. Rather than teach financial engineering,
this volume covers the principles that the buy side should know to
enable it to ask the right questions and avoid being misled by the
complexity often presented by the sell side.Written in a user-friendly
manner, this textbook is ideal for graduate and advanced undergraduate
classes in finance and risk management, MBA students specializing in
finance, and corporate and institutional investors. The text is
accompanied by extensive supporting material including exhibits,
end-of-chapter questions and problems, solutions, and PowerPoint slides
for lecturers.
