In addition, Commonfund manages a range of focused domestic equity programs. Commonfund maintains an International Equity Fund and an Emerging Markets Fund. Our Emerging Markets Fund invests in developing countries around the world. Commonfund maintains three domestic fixed income programs, the High Quality Bond Fund, the High Yield Bond Fund, and the Multi-Strategy Bond Fund. Commonfund offers a global fixed income program.
Risk management is a multidimensional concept.
Market risk Securities and portfolios of securities should be stress-tested to understand their potential performance under a variety of market conditions. Liquidity Investors want to be certain they are receiving adequate compensation for relative liquidity of securities in their portfolios. The key is receiving adequate compensation for credit exposure. The emphasis should be on quick response to computer, human error or confirmation discrepancies to minimize potential impact. The key is to require total separation of trading and accounting systems and to insist that aggressive detection systems be in place.