Investment markets have been volatile in recent times and the investment practices of super fund trustees are coming under increasing scrutiny. The law requires that trustees exercise the care and skill of a prudent person in the exercise of their investment powers, and that they formulate an investment strategy that has regard for the circumstances of the fund. What does this mean in the context of volatile markets and current investment practices?
Date of this Version
Scott Donald, "Prudence under Pressure" (April 2009). University of New South Wales Faculty of Law Research Series 2009. Working Paper 10.