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Status: You are viewing the version of the handbook as on 2012-12-13.

strategic investment

    106an investment which:

      1. (a) is made for a strategic purpose;
      1. (b) is made for an expected duration consistent with that purpose and is, or has the potential to be, illiquid or hard to value; and
      1. (c) is significant in value in proportion to the size of the with-profits fund.