Technical Practitioners

Downside protection: how to stress-test portfolio diversification

Different aspects of portfolio stress-testing have been explored in previous articles, including general overviews; classification; detail on specific approaches; setting…

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Value-at-Risk: lets explore what it really means

Advisers need to be able to assess portfolio and fund risks for their clients. Market risk is often seen as…

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Hypothesis: Risk, like Mass and Energy, Can Neither be Created nor Destroyed.  Discuss

Quintin and Will imagine the title as an essay question in a final financial examination and use this as a…

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An investigation of hypothetical variance-covariance matrix stress-testing

This paper investigates an example of stress-testing a portfolio of conventional assets against market risks using artificial scenarios based around…

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