How are manager terminations handled?
LEIA re-balances all portfolios and manages the terminations of managers. LEIA is aware that the termination of emerging investment firms can become a sensitive public policy issue. The issue of termination is yet another reason for the manager-of-managers structure. The manager-of-managers structure ensures that institutional investors have a single point of contact for processes associated with the investment program, including ongoing manager due diligence, portfolio construction, manager hiring, manager and program monitoring, reporting, portfolio re-balancing, manager terminations, and managing development.
