ARTÍCULO
TITULO

RISK MANAGEMENT MODEL WITHIN AN ALTERNATIVE INVESTMENT FUND (AIF). SIF MOLDOVA CASE STUDY

Costel Ciocea    

Resumen

Risk management has become a primary objective in the management decision. Particularly, in case of investment processes, the focus on risk management is becoming more pronounced, as a reaction to the increase in the complexity of financial products and processes of analysis, decision and implementation of investment projects. Currently, it is in progress the implementation of the European legislation in the field of investment funds, with a significant orientation towards the regulation of risk management models / processes. In this context, capitalizing the constant concern of the management for effective administration of the risk, SIF Moldova has structured and implemented a risk management model based on capital adequacy that includes quantifiable prudential indicators as objective support which is essential in optimizing the investment decision. As in the secondary legislation that is specific to AIF / AIFM it is not proposed and described a standard method of risk management and it is not stipulated a set exposure limits, it was decided to develop a model for risk management in accordance with the requirements of AIFM legislation by applying the principles stipulated in the banking norms.

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