Active Volatility Management: A New Field in Finance
Author: William J. Belleville, Jr., CFA.; Allan Kennedy.
Source: Volume 03, Number 05, July/August 2004 , pp.8-9(2)
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Abstract:
Volatility management is a relatively new and distinct discipline within investment management that offers foundations the opportunity to take advantage of the volatility inherent in their holdings. In concert with asset management (asset allocation and asset selection), which has been practiced for many decades and derives value from the direction of the underlying price moves, volatility management derives its value from the amplitude of price moves.Keywords:
Affiliations:
1: Credit Suisse First Boston LLC.