Risk on the rise

EDITOR’S LETTER

In assessing the value proposition offered by an asset manager, prospective clients traditionally consider a firm’s past performance. This key criterion is what sets industry leaders apart from the competition. But as crucial as performance is, it isn’t the only factor taken into account when it comes to awarding mandates. Something else is becoming increasingly important: risk management.

The truth of this assertion became clear to me on more than one occasion this month, as I discussed

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