Old dog new tricks

How has the landscape changed in the past year in terms of how investors and managers view risk? What are your clients now demanding that they weren't before?

I think it's clear that the landscape has changed in the past year to 18 months. We've seen events that no one would have predicted - we've seen Bear Stearns and Lehman disappear - and although risk isn't new for the investment community, the emphasis has clearly changed.

We ran an exercise in 2007 where we hired a risk professional to talk

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