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Risk &
Portfolio Management

Managing risk and crafting alpha in daily activities

Mission

The Risk & Portfolio Management group (RPM) is tasked with four mandates to enable efficient risk usage and enhance returns: 


1.    Risk Management: Ensure proper preparation
2.    Multi-Asset Strategies: Manage portfolios and build solutions
3.    Trust Management: Manage the Trust as one portfolio
4.    Trust Strategy: Improve Trust portfolio construction

James Nield

James Nield

Chief Risk Officer and Senior Managing Director, Risk &
Portfolio Management (RPM)

Collectively, the team is responsible for managing the Government Bonds and Risk Parity portfolios, which account for 21% of Trust assets. RPM also oversees multi-asset research efforts within the Multi-Asset Strategies team, as laid out below. 

Risk Management

The mandate is to ensure proper preparation. Activities include:

  • Develop a risk budget to manage active risk across departments
  • Identify, prepare, and manage key risks on both a daily basis via risk signals and monthly via a Risk Monthly Management Committee publication
  • Create “Battle Plans” to help prepare for key risks
  • Provide updates on Trust risk profile via semi-annual Board Report
  • Complete risk certifications on new external public mandates

Multi-Asset Strategies

To improve Trust risk and return, the team will seek to build and invest in strategies with the objective to:

  • Generate positive alpha
  • Create scalable innovations
  • Internalize as appropriate
  • Build repeatable processes

Trust Management

The mandate is to manage the Trust as one portfolio and add craftsmanship alpha to daily activities. Activities include:

  • Rebalance the Trust as needed
  • Source liquidity to support investment exposures
  • Manage cash investments
  • Coordinate securities lending activity to generate additional revenue

Trust Strategy

The goal of Trust Strategy is to improve Trust portfolio construction through:

  • Research the economic and market environment
  • Conduct Market Intelligence initiatives to monitor market conditions and industry trends
  • Organize Strategic Asset Allocation studies to recommend asset class policy weights
  • Inform effective decision making