A relentless focus on risk

Apologies for ruining the positive vibe but I cannot help but return to a recent bugbear of mine - risk.

A couple of weeks back I mentioned a new research-based service aimed at advisers, smaller institutions and sophisticated private investors called CheckRisk. It has been set up by a Bath-based hedgie called Nick Bullman, who has decided to cut through the waffle about potential future returns based on historical data (and thus VaR) to focus on a core group of simple processes that measure risk. Nick is very passionate about the subject of risk and especially lucid about emerging dangers within the financial system. Given this relentless focus on avoiding big drawdowns and our collective ...