Our Philosophy on Risk
Risk reduction is the driver of returns, not a drag on returns. We believe robust risk management has been the heart of our investment success from the beginning.
Our risk management goal is the identification and understanding of all sources of risk—so that we can structure trades to effectively isolate the exposures we seek.
Our portfolio management team considers risk at every stage of the investment management process and at the security, trade, strategy, and portfolio levels. Dedicated risk oversight professionals tie all of these pieces together through uniform analysis of leverage, liquidity, and concentration across all portfolios.