Workshop A:
Developing and maintaining an effective operational risk framework for hedge funds
|
Hosted by:
|
 |
Operational risk is one of the hurdles that hedge funds now face in accessing new investors and poor operational risk frameworks have been a leading cause of hedge fund failures. Following the financial crisis, institutional investors and fund of fund managers have become far more cautious in their due diligence process. This workshop will enable fund managers to develop and manage an effective operational risk framework and come away with the skills necessary for;
- Identifying the top operational challenge for hedge funds today
- Understanding your own appetite for risk
- Learning from the lessons of hedge fund failures
- Accurately measuring operational risk
- Developing an effective operational risk framework
- Integrating your risk, governance and compliance models
- Effectively monitoring and reviewing your framework
About your workshop leader:
Martin Gagnon
Co-Chief Executive Officer
Innocap
Mr. Gagnon joined Innocap in 2003. As Co-Director of the Program,he focuses on business development at the international level while also being involved in identifying, selecting and monitoring managers for the innocap platform. Prior to joining Innocap, Mr. Gagnon was Vice-President of the International Equity division of Goldman Sachs in New York, where he had been working since 1996. From 1993 to 1996, he held various positions in derivative, fixed-income and structured product sales and trading for Goldman Sachs Canada and the Laurentian Bank. From 1987 to 1993, he worked in the Treasury Department of the National Bank of Canada and was Senior Manager – Asset/Liability Management in the Financial Engineering Group. He holds a Bachelor of Commerce from Université du Québec à Montréal, an MBA from the University of British Columbia and is a Chartered Financial Analyst.
Workshop B: Risk adjusted performance attribution
In recent years, hedge fund managers and investors have been looking at ways to integrate performance attribution with the associated risks of the instruments within a portfolio. Now more than ever, fund managers need to have a clear insight into performance on a risk adjusted basis. This workshop will give participants an understanding of recent developments in performance attribution and enable them to measure and monitored risk adjusted performance.
- Understanding performance attribution
- Why look at risk adjusted performance attribution
- Overviewing the models available
- Introducing standard risk adjusted performance ratios into performance attribution
- Extending existing models to non equity instruments
- The next step: Risk adjusted investment management
About your workshop leader:
Madhu Gayer
Senior Vice-President and Head of Investment Risk & Analytical Services, Asia
Northern Trust Company
Madhu Gayer is a Senior Vice-President and Regional Head, Investment Risk & Analytical Services for Asia at the Northern Trust Company. Based in Hong Kong, Madhu will be responsible for IRAS client relations, sales and product development in the Asia Pacific region, with a particular focus on strengthening Northern Trust’s infrastructure for local delivery of risk and performance services. He has previously worked at Kapstream, Challenger, BT, Rothschild and State Street in various investment risk and analytical roles. In his previous role at Kapstream, he was responsible for global interest rates strategy, quantitative modelling and risk analytics, risk budgeting, trade research and implementation. As part of the portfolio management team there, he won the Best Emerging Manager of 2008 at the AIMA Hedge Fund Awards. He has extensive experience with performance, attribution, compliance and risk from a technical as well as an operational perspective, having built teams (systems, processes, people) and achieved GIPS compliance in 3 major fund managers in Australia over the course of 10 years.