The last five years have witnessed a great momentum in the research into measures of financial risk. After many years …-friendly solutions have been proposed. These new measures of risk should be of great interest for investors, financial institutions as … perspective across a wide selection of topics, ranging from the critique of some currently used methods, like Value at Risk, to …

offering greater returns while risk is reduced through extensive diversification. Hedge funds have indeed grown exponentially …

This article applies a two-step conditional Bayesian approach to hedge fund risk. First, a mixture or-two normal …