Managing downside risk is what this book is all about. It is self evident that one cannot manage what one cannot describe. The more accurately we can describe something, the better we can manage it. There are a number of researchers and practitioners around the world who share a common view of how to measure, and therefore, manage downside risk. We are very pleased to be able to share with you their wealth of knowledge on this important subject.To help you implement the knowledge you will gain from their efforts, each book contains a CD with software that will enable you to calculate downside risk from monthly returns on any portfolio manager. A Global View of Managing Downside RiskInvestment professional from Australia, Brazil, The Netherlands, The U.K., and the U.S., share with you their knowledge regarding the management of downside risk in financial markets. Each chapter provides an additional insight, that combined, provides the most comprehensive accumulation of knowledge on the concept of downside risk.Practitioners will find this an invaluable reference book and guide to using downside risk. Academics will want to use this book to supplement their standard graduate text in portfolio management.