Part 1 Applications of Downside Risk
1 From alpha to omega
2 The Dutch view: developing a strategic benchmark in an ALM framework
3 The consultant/?nancial planner’s view: a new paradigm for advising individual accounts
4 The mathematician’s view: modelling uncertainty with the three parameter lognormal
5 A software developer’s view: using Post-Modern Portfolio Theory to improve investment performance measurement
6 An evaluation of value at risk and the information ratio (for investors concerned with downside risk)
7 A portfolio manager’s view of downside risk
Part 2 Underlying Theory
8 Investment risk: a uni?ed approach to upside and downside returns
9 Lower partial-moment capital asset pricing models: a re-examination
10 Preference functions and risk-adjusted performance measures
11 Building a mean-downside risk portfolio frontier
12 FARM: a ?nancial actuarial risk model
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