ORIGINAL POSTED DATE OF July 24, 2020
THESE ARE TRYING TIMES. Social and economic systems on national
and international levels have been disrupted to an unprecedented
degree, while political and legal uncertainty also lurk. Not unlike
other businesses, funds are considering what steps to take to
maintain some stability for their clients and employees. The
prudent fund manager will be reviewing the portfolio under
management, considering existing strategies, and looking ahead.
With so much uncertainty in the investing environment, flexibility
is the order of the day.
- Reviewing your fund
documents.
Fund managers and fund directors should be reviewing their
offering documents. If they have not already done so, they should
be familiar with their rights and obligations, particularly the
gate and redemption provisions in their offering documents. Is
there any scope for slowing redemptions or suspending them
altogether? What circumstances have to exist in order to
