Risk Definition Example Proposed Solution Security of custodian Extent to which custodian provides security provisions for assets under management Assets held at investment banks (e.g., Lehman Bros and Bear Stearns) have fewer security provisions than assets held by independent custodians...

It is very common for the stock market to have one negative quarter during the course of a calendar year. The late 80’s and 90’s were the only years when the market had four consecutive positive quarters. Since 1976, fifty...