FRM Handbook Ch 29: Portfolio Risk Management
Book: Financial Risk Manager Handbook Plus Test Bank
Author: Philippe Jorion
ISBN: 978-0-470-90401-5
Chapter 29 shifts from bank regulation to the investor’s problem. You take risk because you expect a return. The real question is how to balance the two across a whole portfolio. That sounds like Markowitz from Chapter 1, but Jorion updates it for how institutional money actually works today.