Contact Us

FUND RISK SERVICES

An institutional risk function, sized for emerging funds

Independent risk management and board-level risk reporting for UCITS and AIFs — delivered by a regulated investment firm with its own in-house risk function, and priced per sub-fund.
REGULATORY CONTEXT
MALTA · 18 SEP 2026

MFSA outsourcing review

Dear CEO letter on outsourced critical functions, including risk management. Fund managers are encouraged to run a gap analysis; boards remain accountable.

EU · 16 APR 2027

Liquidity management tools

Existing UCITS and open-ended AIFs must meet the detailed LMT requirements — calibration and activation evidenced, not just two tools selected.

IRELAND · END 2026

CBI delegation review

Fund management companies to close gaps under a time-bound plan, with independent verification of delegated risk outputs.

THREE SERVICES

01

Outsourced risk management function
Self-managed Maltese PIFs, notified AIFs, AIFs and UCITS
  • Delivered by Denis O’Donoghue, approved by the MFSA for the risk management function
  • Risk management policy and process, limits framework and LMT policy
  • Monthly board pack, board attendance and breach escalation
  • Documentation ready for the application or change-of-provider file

02

Monthly risk pack
Any UCITS or AIF, alongside your existing function
  • UCITS and AIF limit usage, internal limits register
  • Historical and parametric VaR with backtesting
  • Historical, hypothetical and reverse stress tests
  • Liquidity stress testing to ESMA guidelines; LMT calibration evidence
  • Counterparty, custody, valuation and investor concentration
  • Optional ESG and climate sub-report

03

Independent verification
Management companies in Ireland and Luxembourg
  • Independent recalculation of limits, VaR and stress results from administrator and custodian data
  • Evidence of challenge to delegate risk reporting
  • LMT calibration analysis ahead of April 2027
  • Your Designated Person or permanent risk function retains ownership
CRADLE-TO-GRAVE REPORTING
STEP 1
Data in

Positions, NAV and cash from your administrator and custodian; no new systems for the fund.

STEP 2
Independent calculation

Limits, VaR, stress and liquidity run on our own models, separate from portfolio management.

STEP 3
Review and sign-off

Denis reviews results, investigates exceptions and signs the pack.

STEP 4
Board and escalation

A readable pack for the board; breaches escalated as they occur, not at month end.

WHY NAVIGATE PORTFOLIO ADVISERS
  • A regulated firm, not a consultancy. MiFID investment firm authorised by the MFSA, operating its own risk function daily.
  • Conflicts managed in writing. Risk services are separated from portfolio management under a documented conflicts policy.
  • Insured. Professional indemnity cover extends to outsourced risk services.
  • One partner for the launch stack. Risk function plus custody and execution through Interactive Brokers.
COMMERCIALS

Priced per sub-fund, built for small and emerging funds

Umbrella discounts for second and subsequent sub-funds.

Reduced rates for funds using the Navigate custody and execution platform.

Anonymised sample report and rate card on request.