easy · CFA Level I ethics
A manager at Redhook Ports manages a 'Small-Cap Growth' fund. A major institutional investor in the fund complains that the fund has too much risk and should add large-cap value stocks. The manager should:
- Refuse to add the stocks, citing the fund's specific mandate.
- Add the value stocks to satisfy the important client's suitability needs.
- Close the fund and return all capital to the investors.
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