Before you decide to hire a risk manager, ask yourself…

By Ken Akoundi PhD & Brett Friedman

Markets continue to push pensions and endowments to hire risk managers. And yet, most don’t have a clear idea of their exact role. They should.

Ask 100 traders or portfolio managers what a risk manager is supposed to do, and you will get 200 different answers. Since risk managers started entering the scene in the early 90s, their exact role has been hard to pin down. Everyone knows…

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