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Alternative Market Briefing

Risk management (1) - best advised clients go above and beyond box ticking

Tuesday, February 12, 2013

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Giuseppe Ballocchi
Benedicte Gravrand, Opalesque Geneva:

In this two-part article, experts in risk management practice and solution discuss the current status quo of risk management within the hedge fund industry (Part 2 is here).

Here we find that investors demand more dedicated risk management from managers but are not necessarily discerning about where the risk is. We pinpoint different kinds of risk and which funds need to be more stringent. Finally, an expert considers whether risk management is becoming an industry, or if it should be and remain a profession with a higher calling.

Investors have become much more inquisitive

Clients, especially institutional ones, have become much more inquisitive and look into risk management procedures in the context of their due diligence, Giuseppe Ballocchi, a financier based in Geneva and an expert in risk management, told Opalesque.

"We also notice that very high net worth individuals tend to use the same type of consultants and follow the practices of institutional investors," he said. "So there is a bit of a convergence between high net worth, ultra high net worth and institutional clients demanding very tight, very transparent risk management practices. And that is part of the due diligence that clients conduct." But the bigger clients tend to be more demanding and often pa......................

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