Asset manager

A person appointed by a written contract between the IBC or the exempt company or the APT and that person to direct the Investment program. It can be a fully discretionary amount or limitations can be imposed by the contract under the terms of the APT or by the officers of the IBC. Fees to the asset manager can be based on performance achieved, trading commissions or a percentage of the valuation of the funds under management.

Tags: person investment program commissions management performance