Although portfolio management didn't change much during the 40 years after the seminal works of Markowitz and Sharpe, the development of risk budgeting techniques marked an important milestone in the deepening of the relationship between risk and asset management. Risk parity then became a popular financial model of investment after the global fina

part |2 pages

Part I From Portfolio Optimization to Risk Parity

chapter 1|68 pages

Modern Portfolio Theory

chapter 2|78 pages

Risk Budgeting Approach

part |2 pages

Part II Applications of the Risk Parity Approach

chapter 3|40 pages

Risk-Based Indexation

chapter 4|52 pages

Application to Bond Portfolios