 Many jurisdictions around the world require a fund manager to act in the "best" or even "exclusive" interest of its clients, members (pension schemes) or investors, including the duty to preserve, protect but also to increase the funds entrusted to and managed by them.Having a pro-active portfolio monitoring system in place to generate Legal Alpha in the various manners available (see above) has become an industry standard among the world’s largest and respected asset managers and reflects the minimum duty of asset managers or other institutional investor who manage third-party assets.Hence, opportunistic activism, as described above, is increasingly occurring and customers demand a systematic approach to generating Legal Alpha.