Risk Management for Institutional Investors: Fulfilling Fiduciary and Strategic Responsibilities

Product Description Risk Management for Institutional Investors: Fulfilling Fiduciary and Strategic Responsibilities addresses how board members, directors, trustees, and members of the C-suite overseeing a pension or endowment fund can properly manage and mitigate risk. It details on a practical level how the necessary data can be collected and reported to this governing board within the broad framework of current risk management practices. This holistic executive report includes discussions of risk appetite, risk governance, board risk communication, and board risk training, and addresses how highly technical and granular data can be synthesized so that it can be reported to a board that may only meet for three hours every three months, in turn informing the decisions the institutional investors make. Increasingly institutional investors have been using hedge funds in their portfolios, and as they move more into these alternative investments, their data collection and reporting will become more complicated as the requirements of alternative investments are more demanding. A high degree of investment analysis is needed before buying, and there is a limited amount of historical risk and return data available for this type of investment. Institutional investors will need more help understanding and mitigating the risks involved. You are provided with information regarding pension fund and endowment risk management techniques, which will also be applicable to trustees of other institutions with large investment portfolios. This compelling report teaches you: - How to institute a new framework for risk management for pension funds and endowment funds. - What are the key factors to monitor (including data collection, risk reporting and governance). - How to identify and report on the most critical emerging issues and information to oversight boards. - To introduce checklists for practitioners to benchmark the practices of their organizations. - How to fit this framework into a holistic governance framework. Risk Management for Institutional Investors provides many checklists for practitioners to benchmark their organization s practices. This is imperative for overseers (board members or trustees) as well as for those reporting to them. You will gain a better understanding of how a risk management framework fits into a complete governance framework, and will also have a roadmap of the key risk analytics tools and how they can be harnessed to provide oversight boards with a better understanding of the effective control of risks. Risk Management for Institutional Investors is an essential good practice guide for board-members and the people who report to them, addressing best practice compliance issues and giving comprehensive and straightforward strategic investment guidance. About the Author Richard Horwitz is a Managing Director at CMRA (Capital Market Risk Advisors), a risk management firm providing consulting and litigation support services to major US and international financial services companies and institutional investors. Richard first joined CMRA in 1999. He has been developing and commercializing innovative risk management and transparency solutions and since January 2002, has been President and CEO of Risk Fundamentals LLC, a company that develops risk management and transparency software for hedge funds and their investors. Richard has also worked for Merrill Lynch s Hedge Fund Development and Management Group, Kenmar Global (Director of Risk Management and Portfolio Analytics), Booz Allen and Hamilton (Consultant in financial services practice) and Sanford C. Bernstein (equity analyst). David Tyson is a Managing Director at CMRA, a risk management firm providing consulting and litigation support services to major US and international financial services companies and institutional investors. Dave joined CMRA in 2010. Dave s expertise covers insurance portfolio and asset liability manageme