What role do trustees play in alternative investments?

Trustees play a vital role in alternative investments, as they act as a fiduciary and are responsible for protecting the interests of the investors. In Massachusetts, trustees must meet certain legal requirements before they can be appointed to oversee an alternative investment. Trustees must ensure that the investment is in compliance with state and federal laws and regulations applicable to the investment. They must also review and approve all financial and legal documents related to the investment. This includes ensuring that the investment is in compliance with all applicable securities laws and that all potential risks associated with the investment have been considered and managed. Trustees also have a duty to act solely in the best interest of the investors. They must ensure that the funds have been invested in accordance with the investment policy set by the investors. They must also make sure that the investment is properly diversified and that the performance of the investment is monitored regularly. Additionally, they must ensure that investors are kept informed about the performance of the investment and any changes to the investment policy. Ultimately, the role of a trustee in alternative investments is to ensure that the interests of the investors are protected and that their investments are managed appropriately.

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What role do trustees play in alternative investments?

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