04.03.2011 - Alternatives challenge SWF back office operations
From IPE: The back and middle offices of sovereign wealth funds are not fully ready to address diversification into alternatives, according to Jai Arya, the head of BNY Mellonís newly established sovereign institutions group. Risk specialists working with one Asian sovereign institution, for example, say it could not value its portfolio instantly, or even daily, even though the institution began trading more frequently during the recent global financial crisis...........................................Full Article: Source
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