25 January 2019
Monday 18 March 2019 17:00 - 19:00 Staple Inn Hall, London The term ‘investment risk’ is often used loosely, and frequently confused with the notion of short term price volatility, particularly for equity instruments. For the long term investor, however, what is most apposite is the ability to meet future real cash flows as they become due. In their paper, the Risk Measures working party addresses the concept of economic fundamentals of long term investment, the objectives of long term investors (and how these differ from those of short term investors), the notion of real value shortfall risk, what is meant by an investor’s risk capacity (as opposed to risk appetite) and liquidity management considerations.