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Editorial ReviewsProduct Description
Quantitative methods have revolutionised the area of trading, regulation, risk management, portfolio construction, asset pricing and treasury activities, and governmental activity such as central banking.
One of the original contributions in this area is the classic by Cootner entitled 'The Random Nature of Stock Market Prices'. This work investigated the statistical properties of asset prices and was one of the first works to investigate this area in a rigorous manner.
Much has happened in this field in the last 35 years and 'Return Distributions in Finance' contains much new information that reflects this huge growth.
The authors combined experience reflects not only the new theory but also the new practice in this fascinating area. The rise of financial engineering now allows us to change the nature of asset returns to whatever pattern we desire, albeit at a cost. Benefits and costs can only be understood if we understand the underlying processes. 'Return Distributions in Finance' allows us to gain that understanding.
Assists in understanding asset return distributions
Provides a full overview of financial risk management techniques in asset allocation
Demonstrates how to use asset return forecast applications
About the Author
Stephen Satchell is a Cambridge University and Birkbeck College academic who serves as a consultant for a wide range of city institutions in the the area of quantitative finance. He has been widely published in many journals and has a particular interest in risk management. John Knight is Professor, Department of Economics at the University of Western Ontario.
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