How should fund directors monitor gifts and entertainment received by investment adviser personnel?
This question moved to the forefront in February, when the Securities and Exchange Commission’s Division of Investment Management published guidance about conflicts of interest that arise when a fund’s investment adviser personnel are presented with gifts, favors or other forms of consideration from people doing business, or hoping to do business, with a fund.
Originally published in Fund Directions: Learning Curve on July 28, 2015.
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