Month in Numbers

Michael Laznicka, chairman and chief executive at Gardner Finance, a Swiss-based fund of funds advisor, is clear in his belief that funds need to adopt a more intuitive approach to VaR, and that many still have not taken on board the lessons learned in the wake of Amaranth Advisors' September 2006 collapse5- the number of major clients in South Africa now using the Charles River Investment Management System, after three were added in 2008. The firms include Prudential Portfolio Managers, ABS