View from the top: the focus on risk management over yield paid off in 2020

Some open ended structured funds and funds of structured products took a hit as the buffer in the bonus and discount certificates in their portfolio became too small, and they could not be sold in the secondary market, others claimed that even at the March lows the relevant indices were roughly 20% above the levels where capital would be risked. The £81.5m (US$113.4m) AUM VT Protean Capital ELDeR Fund  took advantage of its focus on risk management which became particularly evident d