Imagine you're a risk analyst at an investment bank, responsible for a portfolio that contains complex derivatives, such as exotic options and CDS, alongside highly volatile emerging market equities. Your risk manager has asked you to recommend a suitable Value at Risk (VaR) methodology for daily risk reporting. Walk me through how you would evaluate and select the most appropriate VaR method for this specific portfolio. Discuss in detail the advantages, disadvantages, and limitations of your chosen methodology in this particular context. What other risk measures or tools would you recommend to complement VaR and address its shortcomings?

想象您是一名投资银行的风险分析师，负责管理一个包含复杂衍生品（如奇异期权、CDS）和高度波动新兴市场股票的投资组合。您的风险主管要求您推荐一种合适的Value at Risk (VaR) 计量方法，用于每日风险报告。请详细阐述您将如何评估和选择最适合该投资组合的VaR方法，并深入讨论所选方法的优势、劣势及其在该特定情境下的局限性。您还会推荐哪些辅助工具来弥补VaR的不足？