Risk management for UCITS funds

The financial turmoil has shown how important it is to understand and manage risks within financial institutions. Also, regarding investment funds, the latest publications of the regulators clearly confirm the trend towards stronger risk management.

Rather than just trying to find the right metrics, risk managers and board of directors of management companies will have to thoroughly understand their exposures and monitor them adequately.

It is therefore the responsibility of each actor (investors, board members, risk managers, etc.) to be able to identify risks and understand the purpose of the main risk indicators (VaR, volatility, etc.).

In this context, PwC's Academy is pleased to offer a dedicated training workshop that provides professionals with a comprehensive overview of risk management for investment funds in the context of UCITS IV.

By the end of this training, the participants will be able to:

• assess the impacts of UCITS IV in terms of risk management;
• define funds' risk profile;
• assess and measure the main types of risk (market risk, liquidity risk, counterparty risk, operational risk, etc).

• Risk management under UCITS IV and CSSF circular 18/698
• Governance
• Global exposure: VaR and commitment
• Leverage: methods used to generate and measure leverage
• Market risk
• Liquidity risk: how to manage it?
• Operational risk
• Counterparty risk
• Credit risk
• Risk management procedure and policy
• Disclosure
• UCITS vs AIFMD

This training is coordinated by Benjamin Gauthier, Partner at PwC Luxembourg. It will be presented by our subject matter experts.

Benjamin is a partner in the risk and regulatory team of PwC Luxembourg. He is playing an active role in the development of risk management practice for the asset management industry (including traded and non traded assets) considering both the regulatory requirements (i.e. UCITS IV, AIFMD) and best practices. He participated and led numerous risk management assignments including risk profiling and reporting.