Wiley Finance- BlackRock's Guide to Fixed-Income Risk Management

Praise for BlackRock’s Guide to Fixed-Income Risk Management “This book is a greatly revised and expanded version of the classic 2000 book Risk Management: Approaches for Fixed Income Markets by Golub and Tilman. The vast experiences of Golub and his 46 colleagues have shaped this agenda so that it is both precise and practical. It discusses how the markets have evolved and what managers have done as a result. If you ever wondered how risk management is actually done by a big, decentralized investment manager today, read this book.” —Robert F. Engle, Co-director of the Volatility and Risk Institute at NYU Stern; 2003 Nobel Laureate in Economics “Portfolio managers seek to add value through active risk taking. Rigorous and comprehensive risk analytics permits risk taking to be both appropriate and precisely focused. In this book, the tools and techniques required to make this possible for fixed-income portfolios are described in detail.” —Rick Rieder, Chief Investment Officer of Global Fixed Income, BlackRock “Edited and mostly authored by the founding Chief Risk Officer of one of the largest and most successful fixed-income asset managers in the world, this volume should be required reading for all investors, risk managers, and central bankers. With topics ranging from yield curve dynamics to liquidity risk management to the modeling of geopolitical risk to lessons from the COVID-19 pandemic, this volume has something for everyone.” —Andrew W. Lo, Charles E. and Susan T. Harris Professor of Finance, MIT Sloan School of Management “This book is based on the extensive experience and know-how accumulated over more than three decades by Ben Golub, as a risk management leader at BlackRock. The book also benefited from the vast experience of BlackRock professionals with…