Acknowledgements

Many people contributed the first edition. Early encouragement came from Oliver Wells and Ruth McMullen. My perceptions of value-at-risk have been shaped by clients and participants in the Financial Risk Management Discussion Group, which I hosted for may years at http://riskchat.com. In e-mail correspondence, Emmanuel Fruchard generously elaborated on his own published research. Humberto De Luigi taught me much about the coffee and cocoa markets while we worked together on a value-at-risk implementation. Pierre L’Ecuyer kindly shared his insights on the state of the art for pseudorandom number generators. Ken Garbade and Till Guldimann generously contributed their recollections on the history of value-at-risk measures.

The manuscript for the first edition benefited from several rounds of anonymous reviews. Anonymity was not perfectly preserved, so I am able to thank directly: Kevin Dowd, Roza Galeeva, Mario Melchiori, Peter Moles, Arcady Novosyolov, Lisa Rister, and Kevin Weber. Kevin Weber and Arcady Novosyolov helped tremendously with the new content for this second edition.

Glyn A. Holton
Boston, Massachusetts
January 28, 2014