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Risk Management and Hedge Funds

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Barry Schachter
Barry Schachter

A discussion of risk lessons learned from the financial crisis. I argue that the public debate on risk management failures is mis-focused, and I propose an alternative paradigm for identifying the challenges to effective risk management and for directing future efforts to increase the effectiveness of risk management.

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Risk Management and Hedge Funds Barry Schachter
Outline of My Remarks ,[object Object],[object Object],[object Object],[object Object],[object Object]
The Crisis as Microscope ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
False Explanations Have Diverted Useful Discourse ,[object Object],[object Object],[object Object],[object Object]
Six Failures, but also Six Aspects of Reality ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Explanation Requires Paradigm Shift from Static to Dynamic ,[object Object],[object Object],[object Object]
Network Dynamics and Risk Management ,[object Object],[object Object],[object Object],[object Object],[object Object]
 
The Spread of the Credit Crisis: View from a Stock Correlation Networ k Reginald D. Smith (Feb ’09) Rethinking the Financial Network Andrew Haldane (Apr ‘09)
Risk Measurement as Epistemology ,[object Object],[object Object],[object Object]
Measurement ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Measurement ,[object Object],[object Object],[object Object],[object Object],[object Object]
Measurement ,[object Object],[object Object],[object Object],[object Object],[object Object]
Risk Management – Form ,[object Object],[object Object],[object Object],[object Object],[object Object]
Risk Management - Substance ,[object Object],[object Object],[object Object],[object Object]
Risk Management - Substance ,[object Object],[object Object],[object Object]
Future Direction ,[object Object],[object Object],[object Object],[object Object]

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Risk Management and Hedge Funds

  • 1.  
  • 2. Risk Management and Hedge Funds Barry Schachter
  • 3.
  • 4.
  • 5.
  • 6.
  • 7.
  • 8.
  • 9.  
  • 10. The Spread of the Credit Crisis: View from a Stock Correlation Networ k Reginald D. Smith (Feb ’09) Rethinking the Financial Network Andrew Haldane (Apr ‘09)
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.

Editor's Notes

  1. 18 countries with the nodes scaled in proportion to total external financial stocks, while the thickness of the links between nodes is proportional to bilateral external financial stocks relative to GDP.