[flap]Value-at-Risk (VaR) is a powerful tool for assessing market risk in real time-a critical insight when making trading and hedging decisions. The VaR Modeling Handbook is the most complete, up-to-date reference on the subject for today's savvy investors, traders, portfolio managers, and other asset and risk managers.Unlike market risk metrics such as the Greeks, or beta, which are applicable to only certain asset categories and certain sources of market risk, VaR is applicable to all liquid assets, making it a reliable indicator of total market risk. For this reason, among many others, VaR has become the dominant method for estimating precisely how much money is at risk each day in the financial markets.The VaR Modeling Handbook is a profound volume that delivers practical information on measuring and modeling risk specifically focused on alternative investments, banking, and the insurance sector. The perfect primer to The VaR Implementation Handbook (McGraw-Hill), this foundational resource features: The experience of 40 internationally recognized experts Useful perspectives from a wide range of practitioners, researchers, and academics Coverage on applying VaR to hedge fund strategies, microcredit loan portfolios, and economic capital management approaches for insurance companiesEach illuminating chapter in The VaR Modeling Handbook presents a specific topic, complete with an abstract and conclusion for quick reference, as well as numerous illustrations that exemplify covered material. Practitioners can gain in-depth, cornerstone knowledge of VaR by reading the handbook cover to cover and take advantage of its user-friendly format by keeping it at their fingertips as a go-to resource in the real world.Financial success in the markets requires confident decision making, and The VaR Modeling Handbook gives you the knowledge you need to use this state-of-the-art modeling method to successfully manage financial risk.

[back cover]The most complete guide to measuring and modeling risk in the real worldFor investors, risk is about the odds of losing money, and in today's global markets, you need to know how much risk exists at every given moment across all liquid markets. The VaR Modeling Handbook is the most complete guide available to Value at Risk (VaR), today's most popular and powerful method for determining risk.The VaR Modeling Handbook is a thorough, single-source reference packed with the latest research and practices used by an international assembly of contributors from universities and financial institutions in the U.S. and around the world. You will gain a comprehensive body of knowledge from a wide range of practitioners, researchers, and academics that is immediately applicable in the real world.Logically organized for easy use, this inclusive guidebook greatly adds to the existing literature on VaR and covers everything you need to know about using VaR to manage risk for dominant sectors, including: Alternative investments Banking Insurance Pension fundsBefore you can effectively cultivate impressive profits, you need to know what is at stake--and The VaR Modeling Handbook is your key to the most insightful risk assessment method available.