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Maroc Maroc - HARNEYS.COM - A La Une - 09/Sep 18:15

Directors’ duties re zone of insolvency

It is important to note that even though the board of directors of a fund ordinarily delegate responsibility to manage the fund’s investments to investment managers, the board of directors cannot absolve themselves of responsibility entirely and remain under a duty, in any event, to supervise delegates (such as the investment manager).

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