PT - JOURNAL ARTICLE AU - Joachim Klement TI - Investment Management Is Risk Management—<em>Nothing</em> <br/> <em>More, Nothing Less</em> AID - 10.3905/jwm.2011.14.3.010 DP - 2011 Oct 31 TA - The Journal of Wealth Management PG - 10--16 VI - 14 IP - 3 4099 - https://pm-research.com/content/14/3/10.short 4100 - https://pm-research.com/content/14/3/10.full AB - In this article, we argue that investors and investment managers are making a mistake if they try to focus on achieving high returns or high risk-adjusted returns and are likely to disappoint investors in the long run. Instead we argue that investment management should almost exclusively focus on managing the risks of an investment portfolio with above average returns being a natural outcome of a proper risk management process. We describe the most important risk management steps and why we believe this process leads to superior investment performance.TOPICS: Risk management, performance measurement