PriceWaterhouseCoopers looks at investment risk

The investment management industry is making risk control a higher priority, although fears of a rogue trader scenario have diminished, according to the PriceWaterhouseCoopers 2000 Investment Management Survey launched this week. It found that 67% of asset managers now have a risk management director and that the biggest risks that firms perceive are performance risk, breach of client mandate, poor service to clients and dealing or processing errors. Fewer than 10% of asset managers now fear a rogue trader scenario as controls continue to tighten. The report found that functional unbundli...