Hey guys, ever wondered what exactly an investment manager does? Well, you're in for a treat! This guide dives deep into the 24 core functions of investment managers, as outlined by the POJK 24 regulations. We'll break down each function in a way that's easy to understand, so you can get a grip on the investment world. Trust me, it's not as scary as it sounds! Let's get started on this exciting journey, shall we?

We will explore a wide range of activities, from the initial stages of establishing a company to the ongoing management of investment portfolios. This also includes the vital aspects of risk management, ensuring regulatory compliance, and upholding the integrity of the investment process. Investment managers play a critical role in the financial ecosystem. The importance of investment managers cannot be overstated. They are tasked with carefully managing the financial assets of individuals and institutions. Their expertise is crucial in navigating the complexities of financial markets, making informed investment decisions, and ultimately helping clients achieve their financial goals. Therefore, their responsibilities extend beyond simple asset management; they encompass a wide array of duties. This includes regulatory compliance, risk management, and client relationship management. By adhering to the comprehensive framework established by POJK 24, investment managers ensure that they operate with transparency, accountability, and integrity. This fosters trust and confidence in the investment process and contributes to the overall stability and health of the financial markets. The 24 functions outlined in POJK 24 are designed to promote best practices in the investment industry, ensuring that investment managers act in the best interests of their clients. Understanding these functions provides valuable insights into the roles and responsibilities of investment managers. This will help both investors and industry professionals alike. The purpose of this guide is to demystify these functions. We will break them down into digestible segments. This will offer a clear understanding of the investment management landscape. So, buckle up! You're about to become an investment guru.

The Establishment and Licensing Phase

1. Company Establishment and Registration

Alright, first things first! Before any investment magic can happen, an investment manager needs to legally exist. This involves setting up the company, registering it with the relevant authorities, and making sure everything is above board. This is where the whole operation starts. This process entails carefully planning the business structure. It also involves complying with all the legal requirements. The key here is to make sure everything aligns with the regulations. This is the foundation upon which the investment management firm will be built. So the initial function involves preparing all the necessary documents. This also includes articles of association, and fulfilling all the registration requirements. Compliance with these regulations is not only a legal necessity. It also establishes the credibility of the firm. It sets the stage for building trust with clients. A well-established and registered firm demonstrates a commitment to professionalism. This reassures clients that their investments are in safe hands. Furthermore, this function also requires careful planning of the business model. This needs to include the services offered, target market, and operational strategies. The strategic planning at this stage sets the course for the future of the investment management firm. It determines its ability to adapt and thrive in a competitive market. Think of it as laying the groundwork for a successful and compliant investment journey.

2. Obtaining Required Licenses

Next up, the investment manager needs to get the necessary licenses to operate. This involves submitting applications, meeting specific requirements, and getting the green light from the financial regulators. It's like getting your driver's license, but for managing investments. This step is critically important. It allows the investment manager to legally conduct investment activities. The requirements for obtaining licenses can be rigorous. This is due to the need to ensure that the investment manager meets certain standards of competence and integrity. The process typically involves submitting detailed applications. This includes providing information about the company's structure, financial resources, and key personnel. The firm must also demonstrate that it has the appropriate systems and procedures in place. These systems will protect the interests of its clients and comply with all the relevant laws. Furthermore, the licensing process may involve undergoing examinations. This confirms that key personnel have a thorough understanding of investment principles. It also confirms that they understand the regulatory requirements. This is where the regulator reviews the application. They assess whether the firm meets all the necessary qualifications. This ensures that the investment manager is authorized to conduct business. It shows that it is capable of providing investment services in a responsible and compliant manner. Obtaining the required licenses is not just a formality. It is a fundamental step that ensures the investment manager can operate legally. It also ensures they can provide services with the proper standards and practices.

Investment Management Operations

3. Investment Strategy Formulation

Time to get strategic! Investment managers are tasked with formulating an investment strategy. This includes defining investment objectives, determining the asset allocation, and setting the investment approach based on the client's risk profile and financial goals. This strategy serves as the compass, guiding all investment decisions. It is the core of the investment management process. It defines how the investment manager will achieve the client's financial goals. The formulation of an investment strategy begins with a thorough understanding of the client's needs. This means the client's risk tolerance, investment timeline, and specific financial goals. The manager will then create investment objectives. These objectives must be measurable and aligned with the client's overall financial plan. Next, the investment manager will determine the appropriate asset allocation. This involves deciding the percentage of the portfolio to be invested in different asset classes. These may be stocks, bonds, real estate, and other investment options. This decision depends on the client's risk profile and the market conditions. The investment approach describes the specific methods. This includes active or passive management, value or growth investing, and other investment styles. This approach will guide the manager's investment decisions. Throughout the process, the investment manager must monitor the market conditions and the performance of the portfolio. This ensures the strategy remains appropriate and effective. Regular reviews and adjustments may be necessary to adapt to changes in the client's circumstances. They must adapt to market conditions and ultimately ensure the client's financial goals are met.

4. Portfolio Construction

Once the strategy is set, it's time to build the portfolio. This involves selecting specific investments. Then comes the allocation of funds across different asset classes. This is all according to the investment strategy. Think of it as assembling the pieces of a puzzle to create a complete picture. This is where the investment manager executes the investment strategy. They use the investment strategy to create a diversified portfolio. Portfolio construction requires careful consideration of the characteristics of each asset. This includes its potential for return, its risk profile, and its correlation with other assets in the portfolio. The investment manager must select investments that align with the client's investment objectives. They must also follow the asset allocation guidelines outlined in the investment strategy. The process involves conducting due diligence on potential investments. This may include analyzing financial statements, assessing market trends, and evaluating the quality of management. The manager will then allocate funds to each investment. The manager will determine the weight of each investment within the portfolio. The aim here is to optimize returns while managing risk. The portfolio construction is an ongoing process. The investment manager must continually monitor the performance of each investment. They must rebalance the portfolio to maintain the desired asset allocation. They must also make adjustments based on market conditions. This requires constant vigilance and a proactive approach. This will ensure that the portfolio continues to meet the client's financial goals.

5. Investment Execution

This is where the rubber meets the road! Investment execution is the process of buying and selling securities on behalf of the client, following the portfolio construction plan. It involves placing orders, monitoring trades, and ensuring that all transactions are carried out efficiently and effectively. Investment execution is a very critical step. This is where the investment manager puts the portfolio construction plan into action. This process requires precise execution. The investment manager must buy and sell securities. They must do so in a timely manner. They must do so with the goal of achieving the best possible prices for the client. The execution process starts with placing orders with brokers. This is done through the trading platform. The investment manager must monitor the execution of the trades. This is to ensure that orders are filled at the expected prices. The manager must also monitor the trade confirmations. This confirms that all trades have been executed correctly. In addition, the investment manager is responsible for ensuring that all transactions comply with regulatory requirements. They also must make sure that they comply with the firm's internal policies. The process of investment execution often involves advanced trading strategies. These include the use of algorithms and other technologies. The goal here is to improve the efficiency and effectiveness of the trading process. The investment manager must coordinate with the brokers, custodians, and other third-party providers. This will ensure the smooth operation of the trading process. Efficient and effective investment execution is essential. This is to ensure that the investment manager can achieve the client's investment goals.

6. Portfolio Monitoring and Review

Investment managers constantly monitor and review the portfolio's performance. They assess how well it's meeting the investment objectives. This is to make sure everything's still on track. Regular reviews are key! This is when the investment manager assesses the performance of the portfolio. The investment manager compares the portfolio's returns to the benchmark or investment goals. They then determine if the portfolio is performing well. The review process also involves a careful examination of the portfolio's holdings. This is done to ensure they are still appropriate. It will take into account changes in market conditions. It also considers changes in the client's financial situation. During the review, the investment manager must identify any areas of concern. This could include underperforming investments or changes in the client's needs. The investment manager may make adjustments to the portfolio. This depends on the findings of the review. The manager may rebalance the portfolio. This is to maintain the desired asset allocation. The manager may also make changes to the holdings to optimize returns or manage risk. Regular communication with the client is an essential part of the monitoring and review process. The investment manager must provide the client with regular reports. These reports will outline the portfolio's performance. The reports also highlight any changes to the portfolio or the investment strategy. This allows the client to understand and track their investments. The ultimate goal of portfolio monitoring and review is to ensure that the portfolio is on track. It should achieve the client's financial goals. This is why regular reviews and open communication are critical for successful investment management.

7. Performance Reporting

Keep clients in the loop! Investment managers are required to prepare and provide regular performance reports to their clients. These reports show the portfolio's performance, including returns, benchmarks, and risk metrics. Transparency is crucial here! This is where the investment manager communicates the portfolio's performance to the client. Performance reporting is essential for maintaining client trust. It also helps the client understand how their investments are performing. The reports typically include a range of key metrics. These metrics include the portfolio's returns, benchmark comparisons, and risk measures. The reports should clearly show how the portfolio is performing relative to its objectives. It also shows its performance relative to the relevant benchmarks. The investment manager must accurately calculate and present the portfolio's performance. They also must comply with the regulatory and industry standards. This ensures the information is reliable and consistent. The reports also should include a detailed analysis. This explains the drivers of the portfolio's performance. The reports also explain the reasons behind any significant changes. Furthermore, the reports should include information on the portfolio's asset allocation. They should also include a list of the portfolio's holdings. This allows the client to understand what the portfolio is invested in. The investment manager must provide the reports on a regular basis. They must provide the reports in a timely manner. The reports must be easy to understand. The reports should be accessible to the client. The investment manager should be available to answer any questions. They should explain the report's findings to the client. The ultimate goal of performance reporting is to provide transparency and accountability. It is there to help the client understand the value of the investment management services. Also, it helps the client stay informed about their investments.

8. Risk Management

Managing risk is a top priority. Investment managers must identify, assess, and mitigate various risks. These may include market risk, credit risk, and operational risk, to protect client investments. Risk management is a comprehensive process. This involves identifying, evaluating, and mitigating potential risks that could affect the portfolio. The investment manager starts by identifying all the potential risks. This can include market risk, credit risk, and operational risk. The investment manager assesses the likelihood and potential impact of each risk. This helps the manager prioritize risk mitigation efforts. The investment manager uses various tools and techniques to mitigate the identified risks. This can include diversification, hedging, and setting risk limits. The manager must monitor the effectiveness of the risk management strategies. They must make adjustments as needed. This is to ensure that the portfolio remains within the client's risk tolerance. The investment manager must establish internal controls and procedures. This is to prevent and detect any irregularities. They must also ensure that the firm complies with all the relevant regulations. Regular risk assessments are a must. They also need to review and update the risk management plan. This is to reflect changes in the market conditions, client's circumstances, and regulatory requirements. An effective risk management framework protects client investments. It also ensures the stability and long-term sustainability of the firm.

9. Compliance with Investment Regulations

Investment managers must adhere to all relevant investment regulations and guidelines, ensuring that all activities comply with the law. This is about staying on the right side of the law. Compliance with investment regulations is a crucial function of investment managers. It ensures that the firm operates within the bounds of the law and industry standards. This includes the regulations set by the relevant authorities, such as the Financial Services Authority (OJK) in Indonesia. The investment manager must develop and implement a comprehensive compliance program. This will cover all aspects of the firm's operations. The program should include the establishment of internal controls and procedures. This is done to prevent and detect any violations of the regulations. The investment manager must also monitor the firm's activities. They must ensure that they comply with the regulations. They must make adjustments as needed. The investment manager should provide regular training to employees. This helps them understand and comply with the regulations. The investment manager must also conduct periodic reviews of the compliance program. This will ensure that it remains effective. It also ensures that it reflects any changes in the regulations. The investment manager must appoint a compliance officer. They must appoint a compliance officer who is responsible for overseeing the firm's compliance program. They also must communicate with the regulatory authorities. This is done to seek guidance and ensure that the firm is in compliance. Compliance with investment regulations protects the interests of the clients. It also maintains the integrity of the financial markets. This fosters trust and confidence in the investment management industry.

10. Custodial Services

Investment managers may oversee the safekeeping of client assets through a custodian, ensuring the security and proper handling of investments. This is like a secure vault for your investments. Custodial services are essential for protecting and managing the assets of clients. The investment manager collaborates with a custodian. This is a financial institution that holds and safeguards the client's securities and other assets. The custodian is responsible for ensuring the safekeeping of the client's assets. They also ensure their proper handling. The custodian provides a range of services. This includes settling trades, collecting income, and providing reports on the client's holdings. The investment manager selects a custodian. This should be a reputable financial institution. It must have the necessary expertise and resources. The investment manager ensures that the custodian has robust security measures in place. This includes physical and electronic security. The investment manager monitors the custodian's performance and ensures that the assets are being managed. They also make sure the assets are being managed in accordance with the client's instructions. The investment manager coordinates with the custodian for trade settlements. This makes sure that transactions are processed efficiently. They make sure they are processed accurately. The investment manager must reconcile the client's holdings with the custodian's records. They do this on a regular basis. This will identify any discrepancies. It also ensures that the assets are accurately accounted for. Custodial services are crucial for protecting client assets. They are also important for ensuring the integrity of the investment management process. This builds trust between the investment manager and the client.

11. Corporate Action Management

Investment managers must manage corporate actions, such as dividends, stock splits, and mergers. This involves taking appropriate actions on behalf of the client to protect their interests. This is about staying on top of all the corporate happenings. Corporate action management involves handling events related to the company. These include dividends, stock splits, and mergers. The investment manager ensures that the client's holdings are properly handled. They do this by taking action on the client's behalf. The investment manager receives notifications. These will alert them of upcoming corporate actions. The manager evaluates each action. This helps to determine the best course of action for the client. The investment manager ensures that all necessary documentation is completed. This is to participate in the corporate action. They coordinate with the custodian. They do this to ensure that all the actions are properly processed. The investment manager monitors the corporate action. They ensure that all the actions are completed correctly. They also monitor that the client's interests are protected. Corporate action management requires careful attention to detail. This also requires coordination with various parties. This includes the company, the custodian, and the client. The investment manager must stay informed of all the upcoming corporate actions. They must understand their impact on the client's holdings. Effective corporate action management protects the client's investment. It also maximizes their returns. This ultimately benefits the client.

Client Relationship and Management

12. Client Onboarding

Investment managers welcome new clients by gathering information, assessing their financial needs, and setting up their investment accounts. It's like the initial meet-and-greet for new clients. This is where the investment manager establishes the foundation of the client relationship. This starts with gathering information about the client. This includes their financial goals, risk tolerance, and investment experience. The investment manager conducts a thorough assessment. They also determine the client's suitability for investment. This is where they ensure that the investment services are appropriate. The investment manager opens the client's investment account. They also set up all the necessary documentation. This ensures that the client's investments are properly established. The investment manager provides the client with information about the investment services. This includes the investment process and the fees and expenses. The investment manager must comply with the regulatory requirements. They must make sure they comply with all the regulations for client onboarding. The investment manager establishes a clear communication plan. This informs the client about their investments. This includes any updates or changes. Effective client onboarding sets the stage for a positive client relationship. It provides the client with the information and resources they need. This helps them to make informed investment decisions.

13. Client Communication

Clear and consistent communication is key. Investment managers communicate with their clients regularly. This is to provide updates, answer questions, and discuss investment performance. Keeping clients informed is crucial! This involves the investment manager communicating with the clients. This is to provide information and address their questions. The investment manager communicates with the client on a regular basis. They may provide updates on the performance of the portfolio. They also may provide the market conditions. They may discuss any changes in the investment strategy. The investment manager is available to answer the client's questions. They must provide any information the client needs. The investment manager uses various communication channels. These may include emails, phone calls, and meetings. The investment manager tailors the communication to meet the client's needs. They respect the client's preferences. The investment manager ensures that the communication is clear, concise, and easy to understand. The investment manager maintains records of all communications with the client. They follow regulatory requirements. The goal of client communication is to build and maintain a strong relationship. It is there to keep the client informed and involved in the investment process. Regular communication helps to build trust and confidence.

14. Client Relationship Management

Investment managers build and maintain strong relationships with their clients, understanding their needs and providing personalized services. It's about building strong, lasting partnerships. Client relationship management involves building, maintaining, and enhancing the relationships between investment managers and their clients. The investment manager focuses on understanding the client's financial goals. They understand the client's risk tolerance. The investment manager tailors the investment services to meet the client's needs. They must provide personalized services. The investment manager communicates with the client regularly. They must discuss the investment performance, market conditions, and any changes in the investment strategy. The investment manager must address any questions or concerns that the client may have. They must promptly respond to client inquiries. The investment manager must provide excellent customer service. This builds a strong and lasting relationship with the client. The investment manager seeks feedback. They strive to improve the investment services and enhance client satisfaction. The investment manager must comply with all the regulatory requirements. They must make sure they comply with all the regulations related to client relationship management. Effective client relationship management is essential for long-term success. It builds trust and loyalty, and it increases the likelihood that the client will remain a client. It also helps to attract new clients.

Operations and Administration

15. Transaction Processing

Investment managers manage all aspects of transaction processing, from order entry to settlement, ensuring accuracy and efficiency. This is like the behind-the-scenes work that makes everything run smoothly. The investment manager ensures that all transactions are executed smoothly and accurately. They must enter orders, monitor trades, and settle all transactions. They must also ensure that all transactions comply with regulatory requirements. The investment manager coordinates with the brokers, custodians, and other third-party providers. They do this to ensure that all transactions are processed efficiently and effectively. The investment manager reconciles the client's holdings with the custodian's records. They must identify and resolve any discrepancies. The investment manager maintains detailed records of all transactions. They also must make sure they are compliant with all the relevant regulations. The investment manager must implement appropriate controls. This prevents errors and fraud. Effective transaction processing is critical for the smooth operation. This will ensure that all the transactions are processed efficiently. This will also ensure that all the transactions are processed accurately. The ultimate goal is to minimize any risk of errors. It also minimizes any risk of delays. It maintains the integrity of the investment management process.

16. Reconciliation and Reporting

Investment managers reconcile client accounts and portfolios, preparing reports to ensure accuracy and transparency. Accuracy and transparency are at the heart of this function! The investment manager reconciles all the client accounts and portfolios. This includes comparing the records of the investment manager with those of the custodian. They do this to ensure that all the information is accurate. The investment manager prepares various reports. They may provide these to the clients, regulators, and other stakeholders. These reports include performance reports, compliance reports, and regulatory reports. The investment manager must ensure that all the reports are accurate, timely, and complete. They must also follow the regulations. They must also ensure that all the reports are prepared in compliance with the relevant regulations. The investment manager uses various tools and techniques. This ensures the accuracy and completeness of the reports. The investment manager must establish internal controls and procedures. This is to prevent errors and fraud. Effective reconciliation and reporting are critical. This helps ensure that the investment management process is transparent and accountable. It also protects the interests of the clients.

17. Regulatory Reporting

Investment managers prepare and submit various reports to regulatory bodies, complying with all reporting requirements and ensuring transparency. This is all about playing by the rules and staying compliant! Regulatory reporting is a critical function of investment managers. It ensures that the firm complies with all the reporting requirements. It ensures transparency with the regulatory authorities. The investment manager prepares and submits various reports. They may be required by the regulatory bodies, such as the OJK. These reports include information about the firm's financial position. They include information about the investment activities. They also include the firm's compliance with regulations. The investment manager must ensure that all the reports are accurate, timely, and complete. They must also follow the relevant regulations. They must make sure that all the reports are prepared in compliance with the relevant regulations. The investment manager uses various tools and techniques to ensure the accuracy and completeness of the reports. They must establish internal controls and procedures. This prevents errors and fraud. The investment manager must maintain effective communication with the regulatory bodies. They must keep them informed about any issues or concerns. Effective regulatory reporting is essential for maintaining a good relationship. It also helps with the regulators. It also ensures the integrity of the financial markets. This fosters trust and confidence in the investment management industry.

18. Record Keeping

Investment managers maintain detailed records of all investment activities, client communications, and transactions. This is to ensure compliance, transparency, and accountability. Keeping meticulous records is very important! The investment manager maintains detailed records of all aspects of the investment process. This includes all investment activities, client communications, and transactions. The investment manager must maintain these records. They must do it in accordance with the regulatory requirements. They should also maintain the internal policies and procedures. The investment manager ensures that all the records are accurate, complete, and readily accessible. They must use proper data security measures. They also need to ensure that the records are protected from unauthorized access. The investment manager must comply with all the regulations. These regulations include those related to data privacy and record retention. The investment manager establishes a system for organizing and retrieving the records. This is done to make them easily accessible when needed. Effective record-keeping is critical. This ensures compliance with regulations. It also facilitates effective oversight. It also enables transparency and accountability. The well-maintained records protect the interests of the clients and the firm.

19. Valuation of Investments

Investment managers are responsible for valuing investments accurately and consistently, using appropriate methods and adhering to industry standards. This is about putting a price tag on investments. It is essential for determining the portfolio's value. Investment managers must accurately value all investments. They must do so using appropriate methods. They also need to follow industry standards. The investment manager must select the appropriate valuation methods. These methods will depend on the type of investment. The investment manager must gather all the necessary information. This will include market prices, financial statements, and other relevant data. The investment manager must apply the valuation methods consistently. This ensures that all the investments are valued fairly and accurately. The investment manager must review and update the valuations regularly. They must account for changes in the market conditions. They also must make sure that they account for any new information. The investment manager must document the valuation process. They should do so to ensure transparency and accountability. They must also comply with the regulatory requirements. This includes following all the relevant regulations. Effective valuation of investments is critical. It determines the portfolio's value. It also helps to make informed investment decisions. This protects the interests of the clients. It also maintains the integrity of the investment management process.

Internal Controls and Compliance

20. Internal Control System Implementation

Investment managers establish and maintain a robust internal control system, to safeguard client assets and ensure operational efficiency. This is about building a strong system to protect assets and ensure smooth operations. The investment manager must implement a strong system of internal controls. This system is designed to safeguard client assets. It is also designed to ensure operational efficiency. The investment manager must identify all the potential risks. They also need to identify the vulnerabilities that may affect the firm's operations. The investment manager implements appropriate controls. They prevent errors. They also prevent fraud. They promote the firm's compliance with the regulations. The investment manager must document the internal control system. This is done to help ensure that it is effective. The investment manager must monitor the effectiveness of the internal control system. They must regularly review it. They must make adjustments as needed. The investment manager must provide adequate training to all the employees. They must provide the training so the employees can understand and implement the internal control system. The investment manager must establish a system for reporting any violations. They must immediately report any violations to the appropriate authorities. Effective internal control system protects the interests of the clients. It also ensures the stability and long-term sustainability of the firm.

21. Compliance with Internal Policies

Investment managers ensure that all activities comply with the firm's internal policies and procedures, fostering consistency and adherence to best practices. This is about making sure everyone follows the rules. The investment manager must ensure that all employees comply with the firm's internal policies and procedures. These policies and procedures provide guidelines for the firm's activities. The investment manager must communicate the internal policies. They must communicate the procedures clearly to all employees. They must provide adequate training. The investment manager must monitor the compliance with the internal policies. They must take corrective action. The investment manager must review and update the internal policies regularly. They need to adapt to any changes in the regulations. They also must adapt to changes in the market conditions. The investment manager establishes a culture of compliance. They encourage employees to report any violations of the internal policies. Effective compliance with internal policies promotes consistency. It also promotes adherence to the best practices. This protects the interests of the clients. It also minimizes any risk of regulatory violations.

22. Conflict of Interest Management

Investment managers identify, disclose, and manage any potential conflicts of interest, ensuring that client interests are always prioritized. This is about being fair and prioritizing client interests. The investment manager must identify any potential conflicts of interest. These could compromise the client's best interests. The investment manager discloses any potential conflicts of interest. They are required to disclose these to the clients. The investment manager implements policies and procedures to manage any conflicts of interest. They prioritize the client's interests. The investment manager establishes a system for monitoring any potential conflicts of interest. They should also make sure they take any corrective action. The investment manager must provide employees with training on how to identify, disclose, and manage the conflicts of interest. The investment manager must comply with all the regulatory requirements. They also must make sure they are in compliance with all the regulations related to the conflicts of interest. Effective management of conflicts of interest. This protects the clients' interests. It also maintains the integrity of the investment management process.

23. Employee Training

Investment managers provide regular training to their employees, ensuring that they have the knowledge and skills necessary to perform their duties effectively and ethically. This is all about investing in the people behind the investments! The investment manager must provide employees with appropriate training. This should cover all the aspects of their job. They need to ensure they have the knowledge and skills. They need to perform their duties effectively and ethically. The training should cover the investment principles. It should cover all of the investment practices. The training should also cover the compliance requirements. It should cover all the internal policies and procedures. The investment manager must also provide ongoing training. This is to keep up to date with any changes in the regulations. They must keep up to date with any changes in the market. The investment manager must assess the effectiveness of the training. They must ensure that the training meets the needs of the employees. They must also make adjustments. They must make these adjustments as needed. The investment manager must ensure that all employees have a clear understanding. They must understand their responsibilities. They also must understand the ethical obligations. The well-trained employees contribute to the overall success of the firm. They also help to protect the interests of the clients.

24. Business Continuity Planning

Investment managers develop and maintain a business continuity plan, ensuring that they can continue to serve their clients even during unforeseen events. This is about having a plan in case of any disruptions. The investment manager must develop a comprehensive business continuity plan. This is a plan to ensure that the firm can continue to serve its clients. They must do it even during unforeseen events. The business continuity plan should identify all the potential risks. These risks may disrupt the firm's operations. The plan should outline the steps that the firm will take. This will help them to mitigate the risks. The plan must include backup systems and procedures. This ensures that all the critical functions can continue. The investment manager should test the business continuity plan regularly. They should also update the plan to ensure it is effective. The investment manager must communicate the business continuity plan. This should be communicated to all the employees. They must be prepared for unforeseen events. Effective business continuity planning. This will ensure that the firm can continue to serve its clients. It also protects the interests of the clients. It also maintains the stability of the financial markets.

So there you have it, guys! The 24 functions of investment managers as outlined by POJK 24. I know it seems like a lot, but hopefully, this breakdown has made it a bit clearer. If you're looking for more info, remember to consult the official POJK 24 regulations. Keep learning, keep investing, and always do your homework! Until next time, happy investing! Stay awesome.