Archive for May 2019
A trustee’s duty to establish return objectives or “Don’t be a lemming”
Duty to Establish a Target Return: Section 2(b) of the Uniform Prudent Investor Act directs, “A trustee’s investment and management decisions… must be evaluated… as a part of an overall investment strategy having risk and return objectives reasonably suited to the trust.” A prudent trustee would not hire an employee without describing at some level…
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