Illiquid alternative funds and their respective risks (S-BA0013)

Enabling the understanding around the expectations towards the Risk Management function and facilitating the practical implementation of a Risk Management framework in the context of decision-making process/managing illiquid alternative investment funds.

• Definitions and purpose of an illiquid fund.
• Regulatory Framework.
• Organization of an illiquid fund and stakeholders.
• The Risk Management function: governance and compliance stakes in the Risk Management for illiquid funds.
• Risk Management: from identification to reporting.
• Establishment of the risk profile: appetite and limits.
• Map of the main risk types:
  • Market risk
  • Liquidity risk
  • Counterparty risk
  • Credit risk
  • Concentration risk
  • Sustainability risk
  • Reputational risk
  • Valuation risk
  • Operational risk
• Specificities by investment type:
  • Real estate funds
  • Private equity and private debt funds
  • Funds of funds
  • Insurance-linked strategies funds
  • Infrastructure funds
  • Hedge funds
• Risk reporting.
• Challenges in practicing the Risk Management function.