Dresdner restores its risk controls

Dresdner RCM's head of UK and European equities Neil Dwane has re-implemented portfolio risk controls that had become relaxed in the TMT momentum market of 1999 and early 2000, writes Robert Stock. In the three months since his recruitment from JP Morgan Fleming, following Fowler's move to Axa Investment Management, Dwane has conducted a thorough review of risk and performance expectations of Dresdner's UK and European retail funds. The review was designed to put into place a more sustainable and scaleable investment process without altering Dresdner's growth philosophy. It has led t...