In an increasingly inter-connected and complex world, asset owners need better risk management. This relatively young discipline has witnessed advances in the last 50 years. These have focussed on the harnessing of technology for risk measurement rather than a deeper understanding of risk itself.
We look at risk management in The Wrong Type of Snow, written by our Thinking Ahead Group. They share their work on risk and how better risk management can provide a competitive advantage. The publication includes a study of existing practices, a new way of thinking about risk in the context of mission and proposals for improving risk management by institutional funds.