Now in its second edition, Managing Hedge Fund Risk is the established market-leading guide on risk for the hedge fund industry. This comprehensively updated second edition combines the views of investors, hedge fund managers, fund of fund managers as well as regulatory professionals, to give you a full 360 degree view of the key risk management issues, as well as essential updates on the latest regulatory requirements. Featuring fresh insight by editor Virginia Reynolds Parker, the 23 chapters are authored by the most up-to-date leaders in the field - this edition also features 11 entirely new chapters that update you on the most crucial issues including: - Regulatory risk for hedge fund managers; - Examining potential risk mitigation benefits of diversification; - Legal risks of investments in hedge funds; - What does risk mean for pension fund trustees? Essential reading for investment bankers, allocators, dealers, counterparties, prime brokers, institutions, private investors, corporate plan sponsors, consultants or anyone interested in gaining a better understanding of hedge funds and their risks.