Private Fund Manager COVID-19 Pandemic Issues: A Practical Checklist

The COVID-19 pandemic continues to evolve, causing unprecedented challenges for the global economy. As the virus spreads, the impact to businesses, markets and everyday life is changing daily, making the forecasting of potential economic and market impacts very difficult. As fiduciaries, private fund managers must timely address the risks caused by the impact of this unfolding pandemic. Simply said, fund managers are required to take reasonable steps to prudently fulfill their duties and responsibilities to their investors.