Exercises 1, 2: Ajax, MNOP Pension

Exercises 1, 2: Ajax Fund Managers, MNOP Pension Fund

Below are excerpts from two different financial companies. For each excerpt, lease mark word clutter and rewrite the paragraph as clearly and concisely as possible. I have substituted fictitious names for the real names of the companies.

­­­­­­­­­­­­­­­­________________________________

Exercise 1: Ajax Fund Managers

This Notice has not been reviewed by the Central Bank of Ireland and it is possible that changes thereto may be necessary to meet the requirements of the Central Bank. The directors of Ajax International Fund Managers (Ireland) Limited, the manager of the Unit Trust (the “Directors), are of the opinion that there is nothing contained in this Notice nor in the proposals detailed herein that conflicts with guidance issued by and regulations of the Central Bank.

 

Exercise 2: MNOP Pension Fund

The period our previous reporting to date has been largely tainted by the onset of the Covid-19 pandemic. The spread of the virus has led to a rapid downturn across real economies and financial markets worldwide. Both central banks and governments responded with economic stimulus packages of unprecedented size and scop in an attempt to mitigate falls in GDP, employment, and financial markets. Despite these challenging conditions, many return-seeking assets have recovered well in response to the stimulus packages that have been deployed.