Merrill Case Focuses Buy Side On Risk

LONDON--The lawsuit between pension fund Unilever and Merrill Lynch Investment Managers has re-enforced the need for investment managers to assess their risk management systems and procedures, industry observers say.

"Barra has become a de facto standard. But now fund managers will have to consider using several risk models rather than just one model to validate the risk assessment of a portfolio," says Simon Tizard, commercial director at Bita Plus Consultants, which offers risk management