A Benchmark Approach to Quantitative Finance

In recent years products based on financial derivatives have become an ind- pensabletoolforriskmanagersandinvestors. Insuranceproductshavebecome part of almost every personal and business portfolio. The management of - tual and pension funds has gained in importance for most individuals. Banks, insurance companies and other corporations are increasingly using financial and insurance instruments for the active management of risk. An increasing range of securities allows risks to be hedged in...