The Risk Management of Asset Management
Dennis Cox
Risk Reward
Introduction
Within asset management, risk management has always been a well-established discipline, even if it has not been seen in that light. With performance being king and the need to show good results, asset managers have needed to be aware of the risks that they are running and to convert these into superior reported statements.
In this chapter, all of the key elements of risk within an asset manager will be addressed and future developments that are likely to impact the industry will be considered.
The key risks within fund management are:
- Market risk;
- Credit risk;
- Operational risk;
- Strategic risk;
- Reputational risk; and
- Liquidity risk.
In this, asset managers ...
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