Risk Management for Asset Managers

This course highlights the numerous problems with current risk management set-ups and suggests new approaches and ways to minimise the dangers of getting it wrong. Topics addressed in a practical context include: ï Understanding the new risk management framework ï Defining risk management structures ï Getting to grips with the different types of risk asset managers are facing ï Understanding traditional risk management metrics and their limitations ï Practical approaches for managing market risk ï Dealing with the impact of liquidity risk ï Understanding credit and counterparty risk Agenda Summary ï Introduction ï The Risk Framework ï Market Risk Focus ï Credit and Counterparty Risk Focus ï Operational Risk Focus ï Operational risk failures in Asset Managers ñ the fallout from Lehman ï Examples of Other Risk Types Case Studies and Exercises ï When Asset Managers get it wrong ï Understanding the interdependence of risks ï Calculating the ìfair-valueî for a credit hedge ï Merrill Lynch asset management ï Lloydsí precipice bonds ï Group discussion and highlighting solutions and potential mitigations