The Risk Committee establishes the policies that define each fund’s risk mandate of as well as the tools utilized to control it. The Committee meets on a monthly basis and extraordinarily if necessary. It is attended by four voting members and other non-voting participants. The voting members are the following senior partners: Head of Risk and Compliance, CIO, CEO and Controller.
The risk department is responsible for implementing the policies voted in the committee, modeling market risk tools, performance indicators, tracking the competition, simulating risk positions for the trade desk, intraday risk analysis, portfolio back testing, etc. It is also in charge of modeling and of monitoring liquidity, credit and operational risk.
To calculate market risk, the MAPS software is utilized.
