When the Risk Model Is the Risk: Algorithmic Trading Risk Management, the Institutional Way

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When the Risk Model Is the Risk: Algorithmic Trading Risk Management, the Institutional Way

  October 20, 2026  |    Leave a comment

At the start of 2012, a portfolio held by JPMorgan Chase’s Chief Investment Office kept breaching its risk limits. Then a new value-at-risk model arrived, and the problem seemed to vanish. Under the new model, the portfolio’s reported risk fell by roughly half.Within months, the trades later… Read More

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