Fact Sheet

Written by consultants in the forefront of their field, these factsheets contain topical industry information of interest to all our clients.

	Market Risk Market Risk 11 December 2008 Risk in investment management is a comprehensive and complex subject. The term Enterprise Risk has been coined to represent the total risk facing a fund management company and this is a large subject, forming the basis of another factsheet. Within Enterprise Risk, fund managers talk about Market Risk, Operational Risk and Counterparty Risk. This factsheet will focus on Market Risk.

Market Risk

Market Risk
11 December 2008

Risk in investment management is a comprehensive and complex subject. The term Enterprise Risk has been coined to represent the total risk facing a fund management company and this is a large subject, forming the basis of another factsheet. Within Enterprise Risk, fund managers talk about Market Risk, Operational Risk and Counterparty Risk. This factsheet will focus on Market Risk.

	Volatility (σ) and Value at Risk (VaR) Volatility (σ) and Value at Risk (VaR) 11 December 2008 Volatility, or sigma, is a measure of how probable it is that a quantity value can differ wildly from its current value. Value at Risk (VaR) is the maximum loss not exceeded with a given probability, defined as the confidence level, over a given period of time. Volatility and VaR are vital concepts in the risk management of portfolios and in financially uncertain times, good risk analysis and management becomes ever more important and of vital concern to clients.

Volatility (σ) and Value at Risk (VaR)

Volatility (σ) and Value at Risk (VaR)
11 December 2008

Volatility, or sigma, is a measure of how probable it is that a quantity value can differ wildly from its current value. Value at Risk (VaR) is the maximum loss not exceeded with a given probability, defined as the confidence level, over a given period of time. Volatility and VaR are vital concepts in the risk management of portfolios and in financially uncertain times, good risk analysis and management becomes ever more important and of vital concern to clients.

	Islamic Finance Islamic Finance 11 December 2008 A general opinion has been expressed that whereas Muslims account for 20% of the world’s population, Islamic finance accounts for less than 1% of its financial instruments. Most people in the west have vague notions about what the term ’Sharia’a Compliant’ means, but clearly the secret to winning management opportunities for this vast pool of wealth, is to understand in detail what the term means, not only in terms of its context within the teachings of the Qur'an, but in particular in the context of the personal faith of millions of Muslims worldwide. This factsheet attempts to lay out the basic principles as a basis for further study.

Islamic Finance

Islamic Finance
11 December 2008

A general opinion has been expressed that whereas Muslims account for 20% of the world’s population, Islamic finance accounts for less than 1% of its financial instruments. Most people in the west have vague notions about what the term ’Sharia’a Compliant’ means, but clearly the secret to winning management opportunities for this vast pool of wealth, is to understand in detail what the term means, not only in terms of its context within the teachings of the Qur'an, but in particular in the context of the personal faith of millions of Muslims worldwide. This factsheet attempts to lay out the basic principles as a basis for further study.

Other Resource

Written by consultants in the forefront of their field, these factsheets contain topical industry information of interest to all our clients.

	Wealth Management Briefing The Client Reporting Conundrum 1 June 2007 In this briefing document we consider the requirements for delivery of complex information whilst retaining standards for timeliness and quality of the reports delivered to the client.

Wealth Management Briefing

The Client Reporting Conundrum
1 June 2007

In this briefing document we consider the requirements for delivery of complex information whilst retaining standards for timeliness and quality of the reports delivered to the client.

	Derivatives Briefing Derivatives - A Global Review 1 January 2006 As more and more traditional long-only managers diversify their offerings, they are looking to use derivative contracts of all flavours to manage their risk.

Derivatives Briefing

Derivatives - A Global Review
1 January 2006

As more and more traditional long-only managers diversify their offerings, they are looking to use derivative contracts of all flavours to manage their risk.