These intermediaries are responsible for transmitting requests and delivering funds on a timely basis. Therefore, the value of your investment in the Fund could decline and you could lose money. If the Fund enters into a repurchase agreement that is subject to foreign law and the other party defaults, the Fund may not enjoy protections comparable to those provided to certain repurchase agreements under U. Fund assets not allocated to the Sub-Advisers will be managed by the Adviser. Under these policies and procedures, the Fund may limit additional purchases of Fund Shares by shareholders who are believed by the Fund to be engaged in these abusive trading activities. The liquidity of foreign investments may be more limited than for most U. This strategy focuses on catalyst-driven investment opportunities which may arise from a wide range of company-specific or industry-related events, legislative or regulatory changes, industry consolidations or other events.
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19. Investment Banks
Information contained herein is subject to afden or amendment. When you sell Shares, you may have a capital gain or loss. To the extent that the Fund does not accurately value securities, short-term arbitrage traders may dilute arden investment banking NAV of the Fund, which negatively impacts long-term shareholders. In such cases, the Fund may incur a loss. Investment team resources are used predominantly to seek external investment managers and co-investment opportunities that are intended to outperform the applicable asset class benchmark. Lending Portfolio Securities. Many futures exchanges and boards of iinvestment limit the amount of fluctuation permitted in futures contract prices during a single trading day. The public offering price of the Shares is equal to the NAV.
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