Operational risk is defined as the risk of losses stemming from inadequate or failed internal processes, people, and systems, or from external events.[1] This also includes legal risk, which is prevalent in document intensive asset classes such as private debt. While studies have shown that operational risk accounts for 50% of failures[2], such failures are likely to be even higher for private debt, as it has the highest risk across private fund types and...
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Do you remember how Value at Risk (VaR) – the risk-management metric – came in for much criticism after the financial crisis of 2008? It was once compared to an airbag that works all the time except when you have a car accident.
Fund managers talk to Nicholas Pratt about the dangers of ESG metrics that boil complex risks down to a single number.
A new report has revealed a “major shift” among large institutional investors towards assets and markets that are considered to be less risky.
Attractive valuations, less harsh regulation and the easing cycle of China’s monetary policy mean some managers may be turning positive on the country. Peter Guy speaks to two regional portfolio managers.
Kate Webber, Lead Product Manager, Fund Services at Northern Trust talks about the digital transformation taking place in the funds industry, and the challenges for asset managers of moving away from legacy technology systems to optimise their data use.
