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Math For Dummies (Who Hate Bond Defaults)

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NU Online News Service, Dec. 12, 2003, 6:02 p.m. EST – John Wiley & Sons Inc., Hoboken, N.J., has published “Managing Credit Risk In Corporate Bond Portfolios,” a mathematics-driven book about measuring credit risk and reducing the likelihood that unexpected events will lead to unacceptable losses.[@@]

The author is Srichander Ramaswamy, an investment analyst at the Bank for International Settlements, Basel, Switzerland.

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The book gives detailed instructions about how portfolio managers can use tools such as probabiliity theory, linear algebra and Monte Carlo simulations.