search query: @indexterm analytical review / total: 857
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| Author: | MacQueen, J. |
| Title: | Editorial - The use and abuse of risk management |
| Journal: | Journal of Asset Management
2002 : DEC, VOL. 3:3, p. 200-201 |
| Index terms: | RISK RISK MANAGEMENT ANALYTICAL REVIEW FINANCE |
| Language: | eng |
| Abstract: | While it is certainly a good thing that risk management is becoming more important in institutional investment, some of the ways in which it is currently being applied are more than a little disquieting. In particular, the notion th risk monitoring is something that is only done to a portfolio well after the manager has finished putting it together clearly falls some way short of Harry Markowitz's idea that risk and expected return should be taken into account together when rebalancing a portfolio. It is widely recognised that very few managers actually select stocks for a portfolio on the basis of (quantified) expected return forecasts, but are much more likely to have a variety of qualitative assessments of their prospects. |
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