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Event Date | Thu Jun 1 EDT (over 7 years ago) |
Location | New York, NY |
Region | Americas |
The “Brexit” decision created uncertainty, which will be ongoing throughout the negotiation process, in global financial markets and may directly affect U.S. investment companies. Investment companies that invest in the UK and international markets face a new category of risk. Fund directors, in turn, must address these risks in the context of ongoing Brexit negotiations, likely to last for two years and perhaps beyond. These new potential risks, or perhaps market opportunities, may involve currency exposure, portfolio investments, liquidity and disclosure obligations.These issues, in turn, present oversight challenges for fund directors.
Jay G. Baris
Partner
Morrison & Foerster
Peter L. Green
Partner
Morrison & Foerster
Gerry Malone
Chairman
Aberdeen Funds
(Formerly a Member of Parliament, Minister of State and Member of the House of Commons European Affairs Select Committee)