A recovery in client risk appetite boosted assets under management and the firm improved its fee margins.
West End "is diversifying its client risk, so that if Buffett leaves they still have investors," said Narayan Naik, the director of hedge fund research at the London Business School.
"It's been euphoric to be able to think mainly about the book and less about equity derivatives and client risk".
Credit Suisse blamed the drop on "volatile market conditions arising from sovereign debt concerns and regulatory uncertainty resulting in client risk aversion".
Customers are assured of predictable results since the profitable business model mitigates client risk and maximizes performance.
We systematically studied the engineering risk existing in EPC: the political and legal risk, market risk, technology risk, management risk, financial risk, project quality risk and client risk.
Recent research suggests that auditors may reduce budgeted hours in response to fee pressure despite an increase in client risk (Houston, 1999).
Charles Schwab & Co., for instance, in 2000 bought Chicago Investment Analytics to gin up client risk profiles and U.S. Trust to tend to affluent customers.
The IFC's investment services consist of loans, equity, trade finance, syndicated loans, structured and securitized finance, client risk management services, treasury services, and liquidity management.
In 2011, the IFC reported total funding commitments (consisting of loans, equity, guarantees, and client risk management) of $12.18 billion, slightly lower than its $12.66 billion in commitments in 2010.
