Risk Management

Link Consulting Partner S.p.A., contextually to the phase of AAS, estimates, given the results of the ALM analysis, the regulatory limits and the propensity to risk of the Client, a risk budget of the Portfolio (maximum limit) distributing it on the various asset classes and / or sub-funds (Risk Allocation Strategic, RAS).

During the ongoing monitoring phase of the Link Portfolio, it monitors both the ex-ante and ex- post risks, subdividing them into market risks, credit risks and the liquidity risk of the individual instruments.

As for the AAT, when the risk parameters of certain asset classes vary in the short term, taking them out of limits with respect to the RAS, tactical adjustments are made (Risk Allocation Tactic, RAT) to the allocation in order to respect the risk budget.