Many reserve the right to set the value on positions regardless of what the fund administrator says.
If a mismatch shows up in the results, the fund administrator and the shadow should be able to find and correct the discrepancy.
He's written about his earlier experiences as a victims fund administrator in a book called "Who Gets What, " and nice to have you back on TALK OF THE NATION.
NPR: Managing The $30 Million 'One Fund' To Aid Boston Victims
In the price-sensitive world of fund administration, the goal is to automate as much as possible, including quality controls and determining and reconciling differences in results between the main fund administrator and the shadowing firm.
"The fund's administrator will have sole discretion regarding the dispersal of funds, and guidelines will be put in place to define reasonable living expenses for Mr. Zimmerman and his family and to fund necessary legal expenses, " the defense team reported on its website.
Ridgely described Scott-Dunne as Vantage Fund's "administrator" but could not say precisely what that entailed.
Presumably that would also make it easier for a fund to fire one administrator, knowing it has a second to fall back on.
The administrator of The One Fund For Boston joins us in just a moment.
NPR: Managing The $30 Million 'One Fund' To Aid Boston Victims
Later Monday, the administrator of a compensation fund outlined a draft protocol for payments from The One Fund Boston, which was created to help people injured in the twin blasts.
Also, the administrator of the One Fund Boston released the protocol for payouts of the fund, with the families of those who lost loved ones and individuals who suffered double amputations or permanent brain damage in the bombings receiving the highest payments.
Donor countries and agencies met in Brussels to assess Iraq's economic needs: they want Iraq's American administrator to accept an independent trust fund to channel aid.
She said the preferred option was a takeover of the PMS by a financial institution, the second option was raising money to allow a winding up by an administrator and the third was the establishment of a hardship fund.
Verisight, as record-keeper and administrator, confirmed that it accepted no revenue sharing from any mutual fund or product.
FORBES: Time For Workers To Demand The 401(k) Plans They Deserve: Here's A Model
The venture capital firms that receive matching SBA-guaranteed loans will reap 2% management fees each year on the total fund of both private investment and government-backed debt, according to Sean Greene, the associate administrator for investment at the Small Business Administration.
It appears he was the former administrator of the Marianas Islands Retirement System and recently nominated to serve on the board of trustees of the fund.
FORBES: Failure to Heed Early Warnings Led to First Bankruptcy of U.S. Public Pension
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