This course provides a comprehensive overview of risk management frameworks and practices applicable to investment funds and their managers. It covers the legal and regulatory framework under AIFMD and UCITS directives, including the requirements for governance, independence of risk management functions, and reporting obligations. The course explores the main categories of risk—credit, market, liquidity, operational, concentration, compliance, and systemic risk—while also highlighting stress testing methodologies and the preparation of risk reports. Special focus is given to CySEC supervisory expectations, common deficiencies identified during inspections, and practical applications of risk management in AIFs, RAIFs, and UCITS. Real estate and private equity case studies are included to illustrate risk challenges and best practices in illiquid investment structures.
- Teacher: Dr. Marios Kyriacou