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Peter Jeffreys identifies UCITS III as the original driver for the establishment of the RiskRadarTM service - but the applicability of portfolio risk monitoring to pension fund trustees is already clear.
Under UCITS III, managers of cross-border distributed funds using derivative instruments must be able to determine, at all times, the risk profile of their portfolio. European pension regulators are also insisting that pension fund trustees should have a basic understanding of the investment process to include knowledge and understanding of risk and reward. Peter Jeffreys predicts that evolving best practice will lead the pensions sector towards direct monitoring of the risk profile of its portfolios - monitoring risk separately for each asset class as well as providing risk aggregation data for the fund as a whole.
Attachments:
PJ - Prof Pensions QA2 Sept 05.doc
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