In investment analysis, one must evaluate market risks—including political risk and financial risks such as liquidity risk, credit risk, and interest rate risk. With this in mind, what kind of risk analysis did Kaieteur News (KN) conduct in this regard? Where is that analysis presented?
• Which alternative markets did they examine?
• What alternative investment portfolios did they suggest?
• Did they outline any strategic asset allocation or diversification approach for the NRF?
If the article claims the committee “did nothing,” then the critical question is: What benchmarks or risk-adjusted return metrics were used to justify that conclusion?
Any serious critiques of the NRF’s investment mandate, which as it currently stands, is a passive-mandate as per the legislation, which is also appropriate at this point in time (safe investments, low risks—reasonable, risk free returns), requires equally serious and robust analytical standards. 𝐍𝐨𝐭 𝐭𝐡𝐞𝐬𝐞 𝐬𝐨𝐫𝐭𝐬 𝐨𝐟 ‘𝐝𝐞𝐛𝐫𝐢𝐬’ 𝐭𝐡𝐚𝐭 𝐚𝐫𝐞 𝐩𝐚𝐬𝐬𝐞𝐝 𝐨𝐧 𝐭𝐨 𝐭𝐡𝐞 𝐫𝐞𝐚𝐝𝐢𝐧𝐠 𝐩𝐮𝐛𝐥𝐢𝐜 𝐚𝐬 ‘𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬.’