Trading Risk / Wiley Trading Series (PDF)

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 program 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
some-thing completely new--how to manage a portfolio to
minimize risk and increase profits by putting more capital at risk.
Trading Risk details a risk management program 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 is Cheyne's Global Risk Manager, and is
the Managing Member for Cheyne Capital, LLC, the firm's U.S.
arm. Mr. Grant is a pioneer in the field of hedge fund risk
management and capital allocation. Before joining Cheyne, he
created risk control programs at two of the world's leading
hedge funds, Tudor Investments and SAC Capital, where he was
eventually promoted to the title of 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.