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19 results for “risk management”
Concept11 mentions across episodes
risk management
Topic5 mentions across episodes
risk management
...risk management, my understanding of this situation, my analysis of it, and then I'm just gonna put that idea into a portfolio, and that's the extent of my risk management. I think at the other end of the spectrum are those who put a lot of effort in
31:30 / 32:36
from transcript31:30 – 32:36
...the risk management of individual positions moving away from fundamentals? I think there's a spectrum of how managers think about risk management. At one end, there are some managers who say, look. My research is my risk management, my understanding
30:44 / 31:48
from transcript30:44 – 31:48
...to risk management. I think that, again, stems from probably Thomas's beginning as a market making risk manager. And if you think about the memorable stress test, which was the great financial crisis, when the business still owned a market making bus
39:42 / 41:05
from transcript39:42 – 41:05
...risk management. Like, the wolf's always at the door. But I am a big believer in Nassim Taleb's definition of risk, probability, and severity. When we think about investing in China now, what's the probability that you're going to lose all your money
45:42 / 46:48
from transcript45:42 – 46:48
...is, a risk management business. Focus on controlling the losses and let the profits take care of themselves, but you have to pick a lane on that. We're gonna take a quick break in the action to tell you about Ridgeline. Imagine starting your day with
31:31 / 32:31
from transcript31:31 – 32:31
...of risk management. The first is a priori having the alignment of expectations and objectives, which each of these PM teams. So all that work we did upfront with the manager research process, making sure that these PMs understand how we are going to
28:34 / 29:40
from transcript28:34 – 29:40
...obviously, risk management is one of the most important point that differentiates Interactive compared to other brokerages. There's a couple of examples, but the only time they really actually lost some money in a significant way, which is not signif
10:25 / 11:33
from transcript10:25 – 11:33
...is one risk management instrument that is more or less always liquid and always tradable, and having expertise to use that instrument is really important. This is why you put a monoline private equity guy out there in Mexico who just knows how to do
44:58 / 46:01
from transcript44:58 – 46:01
...risk. There's shortfall risk, which is the probability that over time you will just not meet your liability stream. So you need to have a portfolio that gives you a fighting chance to get there over long periods of time. And that's just a candid conv
10:35 / 11:40
from transcript10:35 – 11:40
...risk systems. I think some have what optically seem like good risk systems that are very backward looking. You have lots of people using the same risk systems. I think it can lull you into a false sense of security that can make you feel like, hey, I
30:47 / 31:49
from transcript30:47 – 31:49
...risk management? One way to think about it is taking this developed market, emerging market, dichotomy. In developed markets, you would say, what's my value or risk? What's one standard deviation, two standard deviations, blah blah blah. In emerging
43:31 / 44:31
from transcript43:31 – 44:31
...risk management terms around what I would say is more a robust framework of portfolio management where we seek to immunize portfolios to shocks, all weather portfolios. We're hedging this risk. We're managing that tail risk. That is really about tryi
53:14 / 54:18
from transcript53:14 – 54:18
...that risk, you can lose a lot of money. The second thing is the asymmetry of liquidity, especially in dealer driven markets. People who grew up in the equity markets are used to exchange traded markets. You go into fixed income markets, suddenly liqu
53:53 / 55:09
from transcript53:53 – 55:09
...management that our portfolio completion team runs and the counterparty risk that we represent as a fund as a whole. So but also the thing about strategic tilting is that you can be for a long time underwater and because you're waiting for these mark
31:27 / 32:43
from transcript31:27 – 32:43
...management world as really being subdivided into firms that are looking to find their way into the AUM Hall of Fame and others that are looking to find their way into the Returns Hall of Fame. And those are very different sets of incentives. It's ver
9:40 / 11:07
from transcript9:40 – 11:07
...risk on a live basis. We have an internally developed, very robust multi asset class risk model that covers every asset type we trade. And those are really, really useful for us to say, where are we potentially straying away from balance? Where are w
29:08 / 30:21
from transcript29:08 – 30:21
...risk. A major world war that engulfs The United States, that would be considered a risk. A major, major fundamental currency decline,
30:48 / 31:58
from transcript30:48 – 31:58
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