Forecasting Risk Forecasting??? Snorecasting Despite being utterly useless at forecasting (and academic evidence strongly supports this) the investment community continues valiantly to make various predictions on the perceived likely performance of markets. At RiskSystem, bar pandering to paranoia (“it’s going to get worse, much worse…”), we tend not indulge in such tyromancy, except on a daily basis, when […] February 2, 2015, by administrator
October Market Views: Is Risk Rising? Market Views Notwithstanding the various geo-political crises or semi-crises that flared in September, the markets managed to avoid any significant over-reaction. The wet-blanket of a trillion dollars plus of central bank cash, undoubtedly calms most nerves, but within these constraints the volatility markets are disctinctly less sanguine now than they were at the […] October 7, 2014, by administrator
October 2014 ezine Welcome to our latest newsletter. Current Observations and Musings There have been some interesting developments over the past month. Here in Ireland the Central Bank of Ireland published a consultation paper (CP86) – link here. Whilst some in the funds industry have questioned the timing of potentially new regulation (even though it […] October 7, 2014, by administrator
Peter Cripwell Speaking at GAIM Ops Ireland GAIM Ops Ireland takes place at the Powerscourt Hotel in County Wicklow on the 8-10th of October. Peter Cripwell is speaking on the 10th at 3.50pm on the topic of “Risk Reporting: When To Outsource Or How To Insource”. Peter is also hosting a table at the lunch on the 9th at 1pm. If you […] October 7, 2014, by administrator
Bill Ackman Bill Ackman of Pershing Square is launching a closed ended hedge fund listed on the Amsterdam Stock Exchange. What was interesting is that the fund was closed ended (or permanent capital) meaning that Ackman does not have to worry about subscriptions but more importantly redemption’s (which inevitably come at exactly the wrong time – usually […] October 7, 2014, by administrator
Annex IV As part of AIFMD the European Securities and Markets Authority (ESMA) has introduced compulsory reporting requirements commonly referred to as Annex IV. This will affect every single manager of an Alternative Investment Fund either based in the EU (or EEA) and/or marketing into member states. For the unaware Annex IV reporting is about to begin […] October 7, 2014, by administrator
Marker Event September 2014 We had over 100 delegates attend our seminar titled “Risk Governance: Regulation and Application under AIFMD” at the Marker Hotel in Dublin.There were two presentations, the first by Margaret Cullen (Institute of Banking) followed by Peter Cripwell (CEO of RiskSystem). Peter and Margaret were then joined by David McCabe, Head of Derivatives, Securities and Markets […] September 13, 2014, by administrator
August 2014 ezine Welcome to our latest newsletter. So finally the day has arrived – AIFMD is finally here. After several years of anticipation and a year’s transitional grace the dash to meet the application deadline is over. Now enforcement begins! We have written a handy top five tips to meet AIFMD risk compliance – view it here. […] July 22, 2014, by administrator
The Future of Risk Management Under AIFMD Back to the future? Key Message For the first time in the history of asset management risk management is on a par with portfolio management as a result of legislation known as the Alternative Investment Fund Managers Directive (AIFMD). AIFMD states that the AIFMD must ensure that “the risk management function is represented in the […] July 21, 2014, by administrator