Alpha Finance Advisors » stress test http://www.alphafinanceadvisors.net/blog Independent portfolio analysis to better understand, manage and articulate risk Mon, 11 Feb 2013 11:02:19 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Confession of a Risk Manager http://www.alphafinanceadvisors.net/blog/the-long-lock-up-conundrum/ http://www.alphafinanceadvisors.net/blog/the-long-lock-up-conundrum/#comments Mon, 15 Sep 2008 14:46:48 +0000 admin http://www.alphafinanceadvisors.net/blog/?p=84 Continue reading →]]> In August 2008, the Economist printed an article called “Confessions of a Risk Manager”. We have taken some key points out, hopefully for the reader’s benefit.

Expect the unlikely:

“The possibility that liquidity could suddenly dry up was always a topic high on our list, but we could only see more liquidity coming in the market and not going out of it.”

“A 20% drop on assets with virtually no default risk was inconceivable – though this did eventually occur.”

Look for clues:confessions of a risk manager

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