City Financial engages IRML to provide risk monitoring services

25th September 2006

City Financial Investment Management Limited (City Financial) announces that it has selected RiskRadarTM risk monitoring service from Independent Risk Monitoring Limited (IRML) to enable City Financial to ensure that the risk components of its funds remain within the boundaries defined by their investment mandates.

As markets for collective investments continue to develop, it will become possible to construct funds that use a wider range of investment tools and underlying investments to meet the requirements of more knowledgeable and sophisticated investors.

The daily monitoring of market risk is an important element of these developing markets. Rob Hain, CEO at City Financial notes “Excellence in risk management is integral to City Financial’s approach. We chose IRML for our risk monitoring function because they have access to the best tools for risk management and the skills to apply them effectively and in the best interests of our shareholders.”

Yves de Naurois, Managing Director at IRML states “We are delighted to be working with City Financial, providing them with daily risk monitoring and an early warning system which will alert them instantly of deviations against the pre-determined risk parameters set for their funds. Monitoring risk is necessary to ensure the effective operation of the funds, to protect City Financial’s reputation and to safeguard the interests of the individual investor.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development