'Interconnectivity' the Word as Risk Shifts to Front Office

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Andrew Aziz, Algorithmics.

Portfolio managers have become the first line of defense for buy-side organizations seeking to manage risk in a low-yield environment saturated with regulations, according to Andrew Aziz, executive vice president of buy-side risk solutions at software vendor Algorithmics. In a new whitepaper, The Buy-Side Ecosystem: The Interconnectivity of Risk, Algorithmics states that buy-side firms can no longer leave risk decisions to the quants, but must embrace a holistic picture of their balance sheet