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Risk governance review

Risk special
How should fund boards handle non-quantifiable risk? Everyone knows that risk is much more than a number generated by VaR or some similar calculation. But examining it beyond the number-crunching stage is difficult. As result it can get ignored. At a time of when macro and geo-political risks are growing that is a mistake.

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Identifying potential problems

Risk special
Macro and geo-political risk indicators are pointing sharply upwards this autumn. A review of the macro risks that could upset markets in the months ahead.

The end of cheap money
The financial media has been full of pessimistic articles on the prospects for the global economy this autumn. More than one commentator has made the point that the global financial crisis of 2008 never went away, it was just anaesthetised by cheap credit and central bank money printing.

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Liquidity risks at UCITS funds

Risk special
Since Woodford there has been more regulatory oversight of UCITS funds’ liquidity risks. Is this why further problems have been avoided to date? Or will there be more Woodfords if there’s a market shock?

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Third party ManCo risk

Risk special
Third party ManCos haven’t been tested in periods of real market turbulence or sustained downturns. Most of their funds have prospered during the last decade. What challenges would third party ManCos face in a bear market?

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Fund board effectiveness

Lessons form the US

US mutual fund boards set the governance standard for their effectiveness reviews. Can offshore private funds learn from the very thorough processes that US mutual fund boards go through?

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