Private Equity Fund Risk Management Research

Author: Wang Susheng
Publisher:
Publish Date: 2007-02-01
Features: This book focuses on private fund risk management as its research subject, aiming to integrate successful experiences from foreign private fund risk management with China's actual conditions to explore a comprehensive risk management system suitable for China. The book is divided into three parts: Part 1 introduces the basics of private fund risk management, including the concept of private funds, organizational forms, characteristics, private fund industry risks and their impacts, the significance of risk management research, and the requirements for a risk management system, analyzing how to assess risk tolerance. Part 2 analyzes various individual risk management techniques from both qualitative and quantitative research perspectives, including market risk, operational risk, credit risk, etc., and explains the comprehensive risk management technique of risk budgeting on this basis. Part 3 proposes and discusses the main risk management issues that need to be addressed in the future, including survival bias, dynamic risk, nonlinear risk, liquidity risk, risk preferences, etc. The book is logically rigorous, argumentatively sound, well-supported by data, and holds high theoretical and academic value.