Archive for August 2016

UPIA §9 re Prudent Delegation of Investment Duties

prudent delegation of investment duties

Many trustees implicitly trust the investment manager to whom investment duties have been delegated. They trust that the manager’s strategy is reasonable. They trust that the return the manager produced was appropriate given the level of risk that was taken. They trust that the manager’s representation of being “above average” is supported by facts. This…

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