Portfolio manager definitions establish client-management roles, investment agreements, co-investment limits, governance relationships, and imported statutory meanings. A portfolio manager is a body corporate that, under a client contract, advises, directs or undertakes management or administration of the client's ... Summary
A portfolio manager is a body corporate that, under a client contract, advises, directs or undertakes management or administration of the client's securities, goods or funds. A discretionary portfolio manager may exercise complete investment discretion, while a non-discretionary portfolio manager acts according to client directions. The investment agreement governs the parties' rights, liabilities, obligations and authority, and the investment approach identifies permissible securities and instruments. A Co-investment Portfolio Manager is confined to specified alternative investment fund investors and related unlisted investments.
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