There is no regulatory obligation for funds
to hold a risk reserve, and Knox said this would be difficult to enforce: “It’s
going to be difficult to introduce regulations because funds [have] different
financial circumstances.”
27 April 2009 13:00
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Investments
In an environment where markets are becoming ever more concentrated, the $21 billion Team Super is happy to wear plenty of active risk from its managers and won’t use overlays to make up for underperformance.
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