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Portfolio > Portfolio Construction

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.

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


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