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An investor, having an exotic option, hedges her or his position using a combined strategy by trading the underlying stock and bonds dynamically, and vanilla options available in the market statically. The investor assesses the risk of a given trading strategy by \\(\\rho(V_T)\\), where \\(\\rho\\) is a convex risk measure, and \\(V_T\\) is a wealth of portfolio. The investor tries to minimize the risks. The sufficient conditions on an abstract convex risk measure for existence of an optimal static-dynamic hedge of the exotic options are given. The problem is analyzed in detail under shortfall risk measure with a power loss function. The conditions for uniqueness of the static hedge are given. 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