I think this definitely makes sense – though I wonder to what extent the fund manager has the discretion to appoint other fund managers?
(Okay, it’s a rhetorical question – they most likely have full discretion to do so – but it would be good if this was more clearly set out in the terms of the fund.)
I think this definitely makes sense – though I wonder to what extent the fund manager has the discretion to appoint other fund managers?
(Okay, it’s a rhetorical question – they most likely have full discretion to do so – but it would be good if this was more clearly set out in the terms of the fund.)