{"product_id":"energy-trading-and-risk-management-a-practical-approach-to-hedging-trading-and-portfolio-diversification-hardcover","title":"Energy Trading and Risk Management: A Practical Approach to Hedging, Trading and Portfolio Diversification - Hardcover","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eIris Marie Mack\u003c\/b\u003e (Author)\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eA comprehensive overview of trading and risk management in the energy markets\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eEnergy Trading and Risk Management\u003c\/i\u003e provides a comprehensive overview of global energy markets from one of the foremost authorities on energy derivatives and quantitative finance. With an approachable writing style, Iris Mack breaks down the three primary applications for energy derivatives markets - Risk Management, Speculation, and Investment Portfolio Diversification - in a way that hedge fund traders, consultants, and energy market participants can apply in their day to day trading activities.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eMoving from the fundamentals of energy markets through simple and complex derivatives trading, hedging strategies, and industry-specific case studies, Dr. Mack walks readers through energy trading and risk management concepts at an instructive pace, supporting her explanations with real-world examples, illustrations, charts, and precise definitions of important and often-misunderstood terms.\u003c\/li\u003e \u003cli\u003eFrom stochastic pricing models for exotic derivatives, to modern portfolio theory (MPT), energy portfolio management (EPM), to case studies dealing specifically with risk management challenges unique to wind and hydro-electric power, the bookguides readers through the complex world of energy trading and risk management to help investors, executives, and energy professionals ensure profitability and optimal risk mitigation in every market climate.\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003e\u003ci\u003eEnergy Trading and Risk Management\u003c\/i\u003e is a great resource to help grapple with the very interesting but oftentimes complex issues that arise in energy trading and risk management.\u003c\/p\u003e\u003ch3\u003eFront Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003ci\u003eEnergy Trading and Risk Management\u003c\/i\u003e provides a comprehensive overview of global energy markets from one of the foremost authorities on energy derivatives and quantitative finance. With an approachable writing style, Iris Mack breaks down the three primary applications for energy derivatives markets - Risk Management, Speculation, and Investment Portfolio Diversification - in a way that hedge fund managers, consultants, and energy market participants can apply in their day to day trading activities.\u003c\/p\u003e \u003cp\u003eMoving from the fundamentals of energy markets through simple and complex derivatives trading, hedging strategies, and industry-specific case studies, Dr. Mack walks readers through energy trading and risk management concepts at an instructive pace, supporting her explanations with real-world examples, charts, and precise definitions of important and often-misunderstood terms. \u003ci\u003eEnergy Trading and Risk Management\u003c\/i\u003e is intended as a resource to help energy professionals and those interested in careers in energy trading understand the complex issues that arise in energy derivatives trading.\u003c\/p\u003e \u003cp\u003eFrom stochastic pricing models for exotic derivatives, to modern portfolio theory (MPT), to case studies dealing specifically with risk management challenges unique to wind and hydro-electric power, \u003ci\u003eEnergy Trading and Risk Management\u003c\/i\u003e guides readers through the complex world of energy trading to help investors, executives, and energy professionals ensure profitability and optimal risk mitigation in every market climate.\u003c\/p\u003e\u003ch3\u003eBack Jacket\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003ePraises for \u003ci\u003eEnergy Trading and Risk Management\u003c\/i\u003e\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e\"Iris Mack's \u003ci\u003eEnergy Trading and Risk Management\u003c\/i\u003e is built on the rare combination of decades of academic research and practical trading experience. A compelling and highly enjoyable book, this is essential reading for anyone wishing to succeed in today's increasingly complex and fast-paced trading arena where risk management clearly takes centre stage.\"\u003cbr\u003e --\u003cb\u003eDr Guenther Dobrauz-Saldapenna\u003c\/b\u003e, Technical \u0026amp; Markets Leader, R\u0026amp;C Services, PricewaterhouseCoopers, PwC, Zurich\/Switzerland\u003c\/p\u003e \u003cp\u003e\"Iris Mack's book is a must read for those interested in the convergence of Energy and Financial Markets. View it as a short encyclopedia or a detailed navigator in this complex area. Being a strong quant and using a techno-fundamentalist approach Iris gives a clearly structured exposition understandable for beginners and catching for professionals. Be prepared for the fast-moving journey from the real-life basics and business cases to the rocket science formulas and if that's not enough, find a reference to further reading after every topic touched.\"\u003cbr\u003e --\u003cb\u003eDr. Alexei Kazakov\u003c\/b\u003e, partner at AB Solutions\u003c\/p\u003e \u003cp\u003e\"Iris Mack's book \u003ci\u003eEnergy Trading and Risk Management\u003c\/i\u003e is both a practical guide and a reference manual for anyone interested in investing in the rapidly developing energy trading markets. This remarkable book is a must have. It is an insightful tool that explains in detail the finer points in the use of derivatives as risk management tools. It delivers an easy to understand guideline while providing a whole vision about the industry, going through how the energy market works, who are the main players, in which kind of energy derivatives you could invest and how to create and manage risk in an energy portfolio, among many other factors.\"\u003cbr\u003e --\u003cb\u003eEduardo Viesca Quiroz\u003c\/b\u003e, Private Equity Investor\u003c\/p\u003e \u003cp\u003e\"Dr. Iris Mack's latest book \u003ci\u003eEnergy Trading and Risk Management\u003c\/i\u003e is an ideal introduction to the topic. It helps professionals in both the energy and financial industries by providing a comprehensive overview of trading and risk management in these markets with its thorough coverage. This book includes case studies, illustrations, and trading models that make it an ideal read for trainers and professors. Clear and well-manifested graphical illustrations in the book make the toughest of concepts easier to grasp. This well-supported and structured work is for professionals who need a complete understanding of how energy markets work.\"\u003cbr\u003e --\u003cb\u003eMohammad Asif\u003c\/b\u003e, Director, JaZaa Financial Advisory Pvt. Ltd.\u003c\/p\u003e \u003cp\u003e\"Iris Mack's handbook serves as both gateway and reference to the complex world of energy derivatives. The theoretical foundations of every subject are treated with the utmost mathematical rigor, leading to a diligent treatment of hot topics in the energy derivatives industry. Each concept is expertly broken down and presented in an accessible manner, even to those less versed in stochastic calculus and quantitative finance. \u003ci\u003eEnergy Trading and Risk Management\u003c\/i\u003e is highly valuable to all practitioners and academics seeking a one-stop reference to derivatives instruments, risk management and portfolio management in the energy industry.\"\u003cbr\u003e --\u003cb\u003eDario Raffaele\u003c\/b\u003e, ETRM Professional and Management Consultant, Accenture\u003c\/p\u003e\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e\u003cb\u003eIRIS MACK, PHD, EMBA, \u003c\/b\u003e earned a Harvard doctorate in Applied Mathematics and a London Business School Sloan Fellow MBA. She is a former MIT professor and Derivatives Quant\/Trader who has worked in financial institutions in the U.S., London, and Asia. She has also spent some of her professional career at NASA, Boeing, and AT\u0026amp;T Bell Laboratories - where she obtained a patent for research on optical fibers.\u003cbr\u003eDr. Mack lectures and consults on energy derivatives, quantitative finance, and high frequency trading, and serves on various boards, including National Academy of Sciences Transportation Research Board, AlgoAnalytics Trading and Financial Analytics (India), MarketExpress Financial News and Research (India), Women Mentor Women Foundation, and I Can Still Do That Foundation.\u003cbr\u003eDr. Mack founded \u003ci\u003ePhat Math Inc\u003c\/i\u003e. and \u003ci\u003eThe Global Energy Post\u003c\/i\u003e in Miami, Florida. She and her colleagues at Phat Math launched their prototype mathematics edutainment social network PhatMath.com. Students in grades K-12 and college have access to free 24\/7 online math homework help on PhatMath.com -- named one of the Top 50 Social Sites for Educators and Academics and 25 Useful Networking Sites for Grad Students.\u003cbr\u003eTo learn more about Iris and her website, please visit \u003cb\u003ewww.GlobalEnergyPost.com\u003c\/b\u003e.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 320\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1.2 x 9.1 x 6 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e May 12, 2014\u003c\/div\u003e\n            ","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":44273663639654,"sku":"9781118339336","price":193.45,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0599\/7255\/0758\/files\/WW5aa3BJNHpodXRzZjNPcU9HVDFDUT09.webp?v=1766390835","url":"https:\/\/infinitylightwa.com\/products\/energy-trading-and-risk-management-a-practical-approach-to-hedging-trading-and-portfolio-diversification-hardcover","provider":"Infinity Light","version":"1.0","type":"link"}