Investors often fail to distinguish between uncertainty and risk. This is partly because there is an army of strategists advising investors how to manage risk through market narratives. These narratives attempt to explain away the complexity of the world we live in, giving the impression that uncertainty can be managed. Although listening to stories is fun and can make us feel confident about the future, investors need to embrace uncertainty to generate robust returns rather than listening to those who attempt to explain it away. A perfect example of this has been the liability driven investment (LDI) approach taken by

We hosted a CIO roundtable, where Asset Managers discussed the balance of art and science involved in creating resilient portfolios: Our panel included: Stuart Peskin, Investment Director, Standard Life Investments Hank Smith, Chief Investment Officer, The Haverford Trust U-Wen Kok, Chief Investment Officer, Victory RS Developed Markets Group Maneesh Shanbhag, Co Founder, Head of Investments, Greenline Partners Brian Reich, President and Managing Partner, Atrato Advisors Pradeep Menon, Managing Partner, Thomson Reuters Managing Risk Managing risks in today’s investment world is part art, part science. But the science lays the ground work for the art that investment professionals bring to the