A Better Grasp of Non-financial Risks

The European Fund Management Industry Needs a Better Grasp of Non-financial Risks — December 2010

Appendices

reason that distributors have indemnified investors who had invested in funds that had, in turn, invested in Luxalpha. Last, if in continental Europe the distributor is often a bank and thus has large capital reserves there are more and more independent distributors that are not subject to capital requirements and cannot always take direct responsibility for the adequacy of the information they provide.

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An EDHEC-Risk Institute Publication