Credit Derivative Strategies: New Thinking on Managing Risk and Return

"Credit Derivatives Strategies meets the challenge of bringing financial analysts and risk managers up to date on valuation, risk assessment, and product design in the fast moving market for credit derivatives. The chapters are well selected for a mix of pragmatic institutional knowledge, conceptual frameworks, and technical foundations. I recommend it highly."
—Darrell Duffie
Professor of Finance
Codirector of the Credit Risk Executive Program
Graduate School of Business, Stanford University

"So rapid has been the growth of the credit derivatives market that it has outpaced the publication of educational material on the topic. This well-researched volume goes a significant way towards addressing that imbalance. I have no hesitation in recommending this book to portfolio managers, traders, risk managers and researchers alike."
—Matt King
Head of Credit Products Strategy
Citigroup

"The Credit Derivative Strategies guide is a great read for the experienced derivatives professional or those just starting out in the space. Both the core concepts of the derivatives market as well as the more complex CDO trading strategies come across with great lucidity. The guide would be a great complement to anybody's investment library."
—Brett M. Gearing
Director, Structured Credit Products and Investments
Babson Capital Management LLC