PT - JOURNAL ARTICLE AU - Sam Y. Chung TI - Portfolio Risk Measurement AID - 10.3905/jai.1999.318920 DP - 1999 Jun 30 TA - The Journal of Alternative Investments PG - 34--42 VI - 2 IP - 1 4099 - https://pm-research.com/content/2/1/34.short 4100 - https://pm-research.com/content/2/1/34.full AB - 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's portfolios. Perhaps it is that very sophistication that makes it the necessary response to the spread of today's asset management and control.