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Risk management

A hedge by any other name

It is one of the most commonly used phrases in risk management parlance, but what exactly is meant by the term ‘hedge’? Here we propose a new definition. By Brett Humphreys

In the right direction

In this, the second of a two-part series on advanced options, we look at the concept of directional strategies and consider various methods of employing them. By Doug Coyne

Advancing the option idea

Continuing our series of tutorials on risk management tools, here, in the first of a two-part article, we look at the workings of advanced option strategies. By Doug Coyne

Poor relations

Here EPRM outlines an approach for sorting out common problems relating to calculating correlation measures in value-at-risk. By Brett Humphreys

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