What does a hedge fund market risk manager do?

A Hedge Fund Market Risk Manager is responsible for identifying, analyzing, and mitigating risks that could impact the fund's portfolio due to market movements. They use quantitative models, stress testing, and scenario analysis to measure exposures to factors like interest rates, equity prices, currencies, and commodities. Their role involves setting risk limits, reporting to senior management, and recommending strategies to manage or hedge potential losses. Effective risk management helps protect the fund's assets and ensures compliance with regulatory requirements.