Covid-19 Tumult Prompts Rethink of Buy-Side Risk Management
Investment firms are making changes to their risk reports, stress tests and concentration limits.
Evolution rather than revolution. Now that markets have, at least for now, bounced back from March’s lows, this is how buy-side firms describe the impact of the Covid-19 crisis on risk management. But whether profound or otherwise, changes in approaches will be multiple and wide-spread.
For Sudi Mariappa, global head of portfolio risk management at Pimco, the metaphorical lesson from the experience is “[do] more exercise and eat healthy”.
“The evolution will be: continue to define what your
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