Investment Manager (Management Liability)

Investment Manager means any person or entity that provides investment management services. This includes fund managers, portfolio managers, investment advisers, and trustees of managed investment schemes. Management Liability policies for investment managers cover their unique risks. One risk is fiduciary liability for investment decisions. Another is ASIC action for breaches of scheme rules. A third risk is investor claims over alleged mismanagement. A fourth is claims over poor disclosure. In Australia, investment managers face heavy rules under the Corporations Act 2001 (Cth). They need an Australian Financial Services Licence. They must also meet responsible entity duties. A policy may define Investment Manager broadly. It may include the responsible entity, its directors and officers, investment committee members, and staff who make investment decisions. Cover responds to claims about investment mismanagement. It also covers failure to follow a mandate. It covers poor disclosure too. And it covers breach of duty owed to unit holders or investors.

Investment Manager means any person or entity that provides investment management services. This includes fund managers, portfolio managers, investment advisers, and trustees of managed investment schemes. Management Liability policies for investment managers cover their unique risks. One risk is fiduciary liability for investment decisions. Another is ASIC action for breaches of scheme rules. A third risk is investor claims over alleged mismanagement. A fourth is claims over poor disclosure. In Australia, investment managers face heavy rules under the Corporations Act 2001 (Cth). They need an Australian Financial Services Licence. They must also meet responsible entity duties. A policy may define Investment Manager broadly. It may include the responsible entity, its directors and officers, investment committee members, and staff who make investment decisions. Cover responds to claims about investment mismanagement. It also covers failure to follow a mandate. It covers poor disclosure too. And it covers breach of duty owed to unit holders or investors.