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Trading Risk: Enhanced Profitability through Risk Control
Kenneth L. Grant
Innovative techniques that traders can use to boost profits while reducing losses
Every trader—whether professional or individual—needs a sound risk management framework built into their trading system. Yet, finding a clear mathematical model to replace subjective decision-making has always been difficult. Traditionally, risk management has focused mainly on avoiding losses. In Trading Risk, however, hedge fund risk manager Kenneth Grant introduces an entirely new approach—managing portfolios in a way that not only minimizes risk but also increases profits by allocating more capital to high-performing areas.
This book outlines a practical risk management program that helps both money managers and individual traders determine which parts of their portfolios are working effectively and which are not. Using a straightforward set of statistical and arithmetic tools, Trading Risk enables readers to enhance their performance across a variety of financial markets.
Kenneth L. Grant is the Global Risk Manager at Cheyne and Managing Member of Cheyne Capital, LLC, the firm’s U.S. division. A pioneer in hedge fund risk management and capital allocation, he previously designed risk control programs at two of the world’s top hedge funds—Tudor Investments and SAC Capital—where he ultimately became Chief Investment Strategist. Mr. Grant holds a Bachelor of Science in Economics and Mathematics from the University of Wisconsin, an MA in Economics from Columbia University, and an MBA from the University of Chicago Graduate School of Business.
Original title Trading Risk: Enhanced Profitability through Risk Control
This edition
Format Hardcover
Published September 16, 2004 by Wiley
Language English
