Book Description:
A comprehensive overview of trading and risk management in the energy markets
Energy Trading and Risk Management 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.
- Moving 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.
- From 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 book guides 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.
Energy Trading and Risk Management is a great resource to help grapple with the very interesting but oftentimes complex issues that arise in energy trading and risk management.
Buy the Book: Amazon ~ Barnes & Noble
Author’s Bio:
Iris Marie Mack, PhD, EMBA, earned a doctorate in Applied Mathematics from Harvard University. She was also awarded a Sloan Fellowship Executive MBA from the London Business School. Dr. Mack worked at various energy and financial institutions, acted as a faculty member at MIT, and worked at NASA and AT&T Bell Labs – where she obtained a patent for research on optical fibers.
Dr. Mack currently lectures on Energy Trading and Risk Management for the Fitch Learning Certificate in Quantitative Finance Program on Wall Street and at Tulane University. Because of Dr. Mack’s extensive knowledge of the derivatives, energy trading, and investment banking world, she has been invited to write opinion columns for the UK edition of the International Business Times.
Dr. Mack has also been named one of Glamour Magazine’s Top 10 Working Women, and she is no novice writer. This publishing will be her third financially-focused and published book – including her energy trading book published with Wiley Finance and a financial literacy book for teens and adults. With this breadth of experience and sheer intellectual prowess, Dr. Mack is more than able to help readers reach the financial stability they deserve.
In addition, Dr. Mack founded The Global Energy Post and MathQED – a homework help site for K-12 and college students. Previously known as Phat Math, this service has even been named one of the Top 50 Social Sites for Educators and Academics, 25 Savvy Social Media Sites for Grad Students and 25 Useful Networking Sites for Grad Students. Such accolades illustrate Dr. Mack’s ability to clearly inform the masses.
Connect with the Author: Website ~ Twitter ~ Facebook
Giveaway:
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About the Book
Author Bio
It has been years since his brother’s accident. Kefier was only just beginning to live a normal life–at least, as normal as it could get for a mercenary from a run-down town. And then an errand goes wrong and he finds himself holding his friend’s bloody corpse. Already once branded a murderer, he is pursued by men he once considered friends and stumbles into the midst of a war between two mages. One bears a name long forgotten in legend; the other is young, arrogant Ylir, who takes special interest in making sure Kefier is not killed by his associates. The apex of their rivalry: a terrible creature with one eye, cast from the womb of a witch, with powers so immense whoever possesses it holds the power to bring the continent to its knees.
Enosh, apprentice to one of the richest merchants in the Kag, is secretly heir to a broken line of mages. Because of The Empire of Dageis’ quest for sources of the agan–the life-source that mages use for power–his people have been reduced to scavengers, his culture diminished to a speck in the wind. For more than ten years, he has helped raise a conjured beast to use as a weapon against the Dageians. But Enosh’s plans are falling apart. A powerful enemy has escaped and Enosh needs to capture him before he reaches Dageis. His quest is further complicated after he finds himself used as a pawn by Gasparian nobles.
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