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Erica Barnes, CFA, is a trustee for a pension fund. Which of the following is an example of Barnes' failure to follow general fiduciary standards set forth in the new Prudent Investor Rule? She recommends the fund should: A. hire an outside manager when they lack the in-house expertise to manage a small cap portfolio. B. hire her relative to manage a new high yield portfolio. C. consider the need for future growth while maintaining current income obligations. |