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Commonfund appoints ex-Goldman Sachs risk management specialist as new head of market risk

Monday, July 16, 2012
Opalesque Industry Update - Commonfund, a prominent investment manager for institutional investors, today announced it has hired former Goldman Sachs risk management specialist Irakli Odisharia as a new Director on its Risk Management Team. Reporting to Commonfund’s Chief Risk Officer David Belmont, Mr. Odisharia will be responsible for enhancing quantitative market risk analytics in addition to stress testing Commonfund client portfolios and funds.

“In the current economic climate and global political landscape, risk management is more critical than ever before, but also much more complex,” said David Belmont, Commonfund Chief Risk Officer. “Irakli brings with him a multi-asset class perspective on risk analysis and modeling which will ultimately provide our clients and underlying managers with a clear understanding of the risk/return profile of their portfolios.”

Mr. Odisharia will play a critical role in the advancement of Commonfund’s proprietary economic and liquidity stress test models across all multi-asset portfolios and funds. He will also be responsible for the preparation and presentation of market analysis developments.

“The correlation between the markets and geo-political factors create new risk management challenges. An environment which requires advanced thinking about risk factors, both on macro and micro levels,” continued Belmont. “Irakli will add immediate value to the Commonfund Risk Management team as we continue to develop highly advanced factor-based and accessible risk analysis for our clients and the industry.”

Prior to joining Commonfund Mr. Odisharia was with Goldman Sachs Asset Management as a member of their Market Risk Modeling team. He also worked in Goldman Sachs’ Equities Division and its Equity Volatility Group. He holds a PhD in Physics from New York University where he was also a teaching assistant. Press release

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