Risk management isn't about eliminating risk - it's about understanding and controlling investment risk. But this is no easy task. For many firms, a number of operational challenges continue to get in the way. To gain market share, vendors need to alleviate some of these challenges, keep pace as more investment managers invest in new asset classes, and address what are considered the very real threats of the 21st century. This report examines members' challenges and the risk management vendor landscape.