Investment Fund (Management Liability)

Investment Fund means a vehicle where investors pool their money for professional management. Examples include managed investment schemes, unit trusts, pooled superannuation trusts, hedge funds, and private equity funds. In Management Liability policies for the investment industry, this term decides which vehicles get cover. Cover may extend to the fund itself. It may also cover its trustee or responsible entity. It may cover the trustee's directors and officers too. It may extend to the fund's service providers as well. Australian schemes registered with ASIC face strict rules. Their responsible entities carry personal liability for how the scheme runs. Cover responds to investor claims over losses from investment decisions. It also covers regulatory action for compliance failures. It covers disputes with service providers too. A policy may treat retail and wholesale funds differently. It may also treat registered and unregistered schemes differently. Funds based in other countries may get different terms.

Investment Fund means a vehicle where investors pool their money for professional management. Examples include managed investment schemes, unit trusts, pooled superannuation trusts, hedge funds, and private equity funds. In Management Liability policies for the investment industry, this term decides which vehicles get cover. Cover may extend to the fund itself. It may also cover its trustee or responsible entity. It may cover the trustee's directors and officers too. It may extend to the fund's service providers as well. Australian schemes registered with ASIC face strict rules. Their responsible entities carry personal liability for how the scheme runs. Cover responds to investor claims over losses from investment decisions. It also covers regulatory action for compliance failures. It covers disputes with service providers too. A policy may treat retail and wholesale funds differently. It may also treat registered and unregistered schemes differently. Funds based in other countries may get different terms.