@article {Chung34, author = {Sam Y. Chung}, title = {Portfolio Risk Measurement}, volume = {2}, number = {1}, pages = {34--42}, year = {1999}, doi = {10.3905/jai.1999.318920}, publisher = {Institutional Investor Journals Umbrella}, abstract = {While the traditional VaR approach has not typically been focused on alternative investment strategies (especially those with pricing or liquidity concerns), VaR remains a focal point of asset risk management approaches. This article provides, for the mathematically adept, examples of both parametric and non-parametric approaches. The article also reflects the increased sophistication necessary to adequately monitor and manage today{\textquoteright}s portfolios. Perhaps it is that very sophistication that makes it the necessary response to the spread of today{\textquoteright}s asset management and control.}, issn = {1520-3255}, URL = {https://jai.pm-research.com/content/2/1/34}, eprint = {https://jai.pm-research.com/content/2/1/34.full.pdf}, journal = {The Journal of Alternative Investments} }