Research objectives and hypothesis/research questions:
The study aims to determine the impact of risk management on the long-term quality of funds and to identify the role of technological innovations in this process. Two research hypotheses were formulated. The first one states that investment fund managers using risk management methods resulting from the law and available technologies effectively minimize risk. The second one indicates a decrease in the level of risk over the years.

Research methods:
In order to confirm the hypotheses, the essence of risk management in financial markets was discussed. Types of risk, risk management theories and tools resulting from their implementation by managers managing the investment portfolio of funds were presented. In addition, a study was conducted to determine the level of risk of Polish equity and bond funds and its changes in the years 2007-2024. Risk measures such as standard deviation, Tracking Error and Value at Risk (VaR) were used for the study.

Main results:
The analysis showed that investment funds manage risk correctly, usually keeping it below the market risk level. It also showed that the risk level decreased during the analyzed period.

Implications for theory and practice:
The added value for the scientific discipline of management and quality is to determine how risk management affects the long-term quality of investment funds expressed by volatility, as well as to identify the role of technological innovations in improving the quality of investment fund management.