Dear AllWhich book would you recommend if I want to learn about the risk management of a hedge fund portfolio? and more specifically for long/short equity strategy??Many thanksAn

hi antonin. no one else has replied so far ...did you read the 3nd volume of Market Risk Analysis written by Carol Alexander ?besides, try a risk+management+hedge+fund google search. some papers returned are likely to be of interest.i'm sorry it's not panacea ...

Up - Just in case someone has some suggestions... Thank you

I like "quantitative risk management" by McNeil, Frey and Embrechts.

Here is a new book that you may be interested in, "Essential Mathematics for Market Risk Management" by Simon Hubbert. As its title suggests, it nicely explores the mathematics of market risk - not as advanced as McNeil, Frey and Embrechts; but the author spends a lot of time explaining concepts in a manageable way - its based upon the Risk Management course (MSc level) the author teaches at Birkbeck, University of London. It takes the reader on a journey from Portfolio theory, CAPM, Factor models, VaR, Stylized facts, a crash course on derivatives, nonlinear VaR, volatility modelling, numerical methods, backtesting -- mixed with lots of well explained maths and stats!

Essential Mathematics for Market Risk Management by Simon Hubbert (currently at 35% discount)http://books.global-investor.com/books/ ... antitative Risk Management by Alexander J. McNeil;Rudiger Frey;Paul Embrechts;http://books.global-investor.com/books/22278.htmMarket Risk Analysis: 4 Volume Set by Carol Alexanderhttp://books.global-investor.com/books/254468.htmFor all our Risk Management titles: http://cats.global-investor.com/categor ... anagement/