The Uniform Prudent Investor Act, which was adopted in 1992 by the American Law Institute’s Third Restatement of the Law of Trusts, reflects a “modern portfolio theory” and “total return” approach to the exercise of fiduciary investment discretion.
The Uniform Prudent Investor Act, which was adopted in 1992 by the American Law Institute’s Third Restatement of the Law of Trusts, reflects a “modern portfolio theory” and “total return” approach to the exercise of fiduciary investment discretion.