Independent Risk Monitoring Limited (IRML) was founded in 2003 by Yves de Naurois (formerly Head of Global Investment Process at Citibank Private Bank) and Peter Jeffreys (co-founder of Fund Research and former portfolio manager with Fidelity) in response to the growing risk monitoring needs of the asset management community.

These requirements have largely arisen as a direct result of UCITS III and the increasingly complex nature of the instruments employed within today’s investment portfolios, though best practice has preceded regulation and has been a significant driver towards more thorough and sophisticated risk monitoring.

IRML provides institutional investors and independent Boards of Directors and Trustees with:

• daily monitoring of portfolio risk profiles

• timely detection and notification of deviations from pre-determined risk profile

• expert commentary on analytical output

• processes and output that are UCITS III compliant

IRML offers a non-invasive, time, resource and cost efficient service which can be structured as either a stand-alone or as an extension and support mechanism for a client’s existing risk management process. IRML's process is wholly supportive of portfolio and risk managers while at the same time providing independent verification of an in-house risk management capability for a fund’s independent Board of Directors and Trustees in their role of fiduciary oversight.