Glyn Holton, Contingency Analysis
The book targets sophisticated audiences. Concepts are well developed, rigorous presented and meticulously referenced. There is some mathematics, but it appears primarily in later chapters. Audiences include managers interested in policy, traders who must understand complex hedging strategies and readers interested in the fall of Metallgesellschaft. For risk managers, both at financial organizations as well as corporations, the entire book is a gem.
Product Description
This work provides a comprehensive reference on the MG debacle and the corporate hedging debate. It also provides alternative perspectives on corporate hedging design and risk management from leading theoreticians.