问题如下：
6. Based on his complete evaluation, what is Locke’s best course of action with respect to NGM’s management of the Fund’s assets?
选项：
A.Reduce NGM’s allocation of the Fund’s assets until NGM has demonstrated its compliance with Locke’s conditions.
B.Eliminate NGM as a manager since Locke cannot be sure that NGM will act fairly and in accordance with the Fund’s IPS.
C.Maintain NGM’s allocation of the Fund’s assets and concentrate on evaluating managers with larger proportions of the Fund’s assets or with sub-standard performance.
解释：
B is correct.
Locke has a duty to the pension plan beneficiaries to act in their best interests. He would be violating that duty if he continues to employ a manager who does not manage its mandate or demonstrate that it is aware of and complies with its own duties to clients. He must demonstrate his own professional competence by firing the manager.
Locke is evaluating the activity of Niagara Growth Managers (NGM), a local money manager allocated 10 percent of the Fund’s assets. He realizes that any reduction in the allocation to this local manager will be met with considerable political pressure.
老師 這句話可以翻譯嗎? Niagara Growth Managers是人還是什麼 還是基金名?
另外 道德有課後題嗎?怎麼都沒看到。
