9.
Delaney O'Keefe, a CFA candidate, is a portfolio manager at Bahati Management Company. The company is considering investing offshore for the first time, particularly in North America, on behalf of its clientele, who are all high-net-worth individuals. O'Keefe does not have experience in offshore investments, so she hires Mark Carlson, CFA, of Carlson Consulting, on the sole basis that he is a CFA charterholder, to undertake due diligence exercises on the top 10 portfolio managers in North America, ranked by assets under management (AUM). To avoid violating any Code and Standards, O'Keefe should most likely undertake: A. the due diligence exercise on the top 10 asset managers herself. B. a sampling of the suitability of North America for her clients. C. a due diligence exercise on Mark Carlson and Carlson Consulting.
