n Without Prejudice - Unresolved fund management issue : tax

Volume 12, Issue 2
  • ISSN : 1681-178X



Investment management is generally defined as the discretionary management of investors' assets, as opposed to investment advisory services where there is no discretion on the part of the manager to take investment decisions on behalf of the fund. Investment advisory services tend to be less labour-intensive given that the adviser merely gives recommendations to someone else who actually takes and implements the investment decisions.

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