In BlackRock's Guide to Fixed-Income Risk Management, Senior Advisor, former Chief Risk Officer and one of the eight co-founders of BlackRock, Bennett W. Golub, delivers an incisive and practical resource for implementing effective investment risk management techniques for buy-side firms. In the book, the reader can explore various risk management approaches, practices, analytics, and tools used to mitigate and manage the significant risks present in fixed-income portfolios. While the book primarily focuses on fixed-income analytics and models, many of the concepts can also be applied in a multi-asset context.
Each chapter is authored by current or former senior BlackRock leaders with subject matter expertise ranging from portfolio management to trading, financial modeling, analytics, public policy, and risk management. The chapters offer unique insights into BlackRock's powerful risk management framework and approach, including examples that highlight the principles discussed, along with forward looking views into investment risk management.
Additionally, the book presents some of the changes that have helped to modernize fixed-income markets over the last twenty years as it considers the past, present, and future of effective risk management in the industry. It also insightfully identifies lessons learned from financial crises and provides a discussion about the impact and repercussions of the Coronavirus pandemic.
Perfect for Chief Investment Officers, portfolio managers, risk managers, traders, and researchers, BlackRock's Guide to Fixed-Income Risk Management will become a reliable and engaging desk companion for those seeking hands-on guidance for buy-side firms. It will also earn a place in the libraries of undergraduate, MBA, and PhD students studying finance and related subjects.
