Trading Risk

Revolutionary techniques that traders can implement to improve profits and avoid losses.

No trader, professional or individual, can afford not to have a solid risk management programme integrated into his or her trading system. But finding a precise mathematical model to replace subjective decision-making processes is a challenge.

Traditionally, risk management has focused solely on loss avoidance, but in Trading Risk, hedge fund risk manager Kenneth Grant presents something completely new—how to manage a portfolio to minimise risk and increase profits by putting more capital at risk.

Trading Risk details a risk management programme that can help both money managers and individual traders evaluate which elements in a portfolio are working efficiently and which aren't. By illustrating an extremely simple set of statistical and arithmetic tools, this book can help readers enhance their performance in many financial markets.

Kenneth L. Grant (New York, NY) is Managing Partner and CIO of Exis Capital, a NYC-based multi-strategy hedge fund. Prior to this, Grant worked as the head of risk management for both Tudor Investments and the Chicago Mercantile Exchange. He was also the chief investment strategist for SAC Capital Advisors, one of the largest hedge funds in the world with over USD4 billion under management.

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.