NO.PZ2022120703000009
问题如下：
When an asset manager receives an investment mandate from a pension fund, the asset manager:选项：
A.assumes a fiduciary duty to the pension fund's members. B.becomes the legal owner of the assets under management. C.acts as the counterparty to investment transactions on behalf of the pension fund.解释：
A is correct because the asset manager is "required to act as a fiduciary to clients."
B is incorrect because "asset managers … are not legal owners of their assets under management."
C is incorrect because "asset managers … are not the counterparty to transactions or to derivatives."
When an asset manager receives an investment mandate from a pension fund, the asset manager:
您的回答C, 正确答案是: A
A
assumes a fiduciary duty to the pension fund's members.
B
becomes the legal owner of the assets under management.
C
不正确acts as the counterparty to investment transactions on behalf of the pension fund.
A如何理解“assumes a fiduciary duty to the pension fund's members.”假定对养老基金的成员承担信托责任，不应该是从接受mandate 时，应该 fiduciary duty
