Risk management is set to play an increasing role with European fund managers, according to an online survey conducted by Omgeo, the post-trade operations specialist, and Hedge Funds Review.
Respondents to the survey – representing the majority of Europe’s chief operating, financial and technology officers by assets under management – identified investor pressure, regulatory change and the need to support increased trading volume and asset growth as the main reasons for improving risk management capabilities.
Half of those surveyed said the main role of risk management was to improve asset allocation and optimise portfolios, while more than 44% said the main function was to report risk and performance data for use by the fund and externally. The greatest emphasis was put on proving risk management to investors, with more than half of respondents saying they needed to do this in order to raise assets.