easy · CFA Level I pm
A trustee at Nadir Components suggests that since the pension fund is for 'the long run,' the IPS does not need to consider the board's low willingness to take risk. This is:
- Correct, because institutional funds are only governed by objective financial ability.
- Correct, provided the long-run returns are expected to be positive.
- Incorrect, because willingness must be honored even if ability is high.
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