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Management Company – Any firm that specializes in the general administration of a given mutual fund. It will include the particulars needed to provide and facilitate all aspect of managing that funds needs. The extent of the services that will be available will be tailored to that given firm’s situation. This term does have a broader application to a wide variety of industries. It can relate to any situation where a firm takes over the leadership role of a given fund or enterprise. Naturally to properly manage the given fund also requires supervision of it many different aspects, which may vary from one situation to another. |
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