Risk management: preparing for a changing world

The effective management of risk has always been at the heart of successful fund management - a maxim that remains unchanged. What has changed, however, is the nature of that risk in a rapidly changing world

I entered fund management over 25 years ago, when certain correlations were a given, and wider, old-world hegemonies went unquestioned. Market machinations would be parcelled into formulae, and the Holy...