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 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.
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.
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.
