Commonfund, an investment management firm has hired Irakli Odisharia, a former specialist for Goldman Sachs Asset Management market risk as a director on its risk management team.

Odisharia’s responsibilities will be to spearhead quantitative market risk analytics and stress testing Commonfund client portfolios and funds and will report to Commonfund’s chief risk officer, David Belmont.

Belmont said, "The correlation between the markets and geo-political factors create new risk management challenges. An environment which requires advanced thinking about risk factors, both on macro and micro levels."

"Irakli brings with him a multi-asset class perspective on risk analysis and modeling which will ultimately provide our clients and underlying managers with a clear understanding of the risk/return profile of their portfolios."

Commonfund provides a comprehensive suite of investment solutions in traditional and alternative strategies to nonprofit institutions, pension funds and other institutional investors and manages $26bn for 1,500 clients.