Archive for the ‘Investment’ Category

Things you really don’t want to know about your custodian

Monday, 5 October 2009

Trustees are still licking their wounds from the recent economic turmoil and using the current breathing space to reassess their investments and strategic direction. One thing I bet they are not doing though is reviewing their custody arrangements and testing whether they are fit for purpose. However the collapse of once venerable institutions such as Lehmans has actually highlighted a number of legal issues with custody arrangements which I suspect lots of trustees are blissfully unaware of.

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