kaal:claim:2715083-020

In a multimanager series trust the board is largely independent of any adviser in the fund group, because the structure is centered on an unaffiliated administrator rather than on the sponsoring investment adviser.

Source quote, verbatim

Unlike the board in a traditional mutual fund governance setting, the board in a multimanager series trust arrangement is largely independent of any advisers within the fund group.

From

Kaal, Confluence of Mutual and Private Funds (2016), V.2 Mutual Fund Governance, p. 17
https://ssrn.com/abstract=2715083 · source PDF

Cite as

Kaal, Confluence of Mutual and Private Funds (2016). SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2715083

Holds when

multimanager series trust arrangements

Classification

mechanismsupport: arguedreputationcorporate-governancegovernance-designprivate-funds

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