Funds
Following the launch of a UCIT III-compliant version of its flagship Aspect Diversified Fund – the Aspect Diversified Trends Fund – at the end of January, London-based syst
Baronsmead Partners LLP (Baronsmead), a specialist fund insurance broker and risk consultant, has launched the UCITS Fund Directors’ and Officers’ Liability Insurance Cover, the first policy of its kind that is specifically targeted at the exposures of the UCITS fund industry.
Under the terms of the UCITS Directive, Directors of the fund management company are responsible for supporting all the activities of the fund. The UCITS Fund Directors’ and Officers’ Liability Insurance Cover protects directors against any actual or alleged breach of the eight key managerial functions: decision-making, monitoring: compliance; risk management; investment performance; capital; internal audit, financial control or