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Contingent situation is a potential negative event that may occur in the future, such as an economic recession, natural disaster, fraudulent activity, or a terrorist
Contingent situation is a potential negative event that may occur in the future, such as an economic recession, natural disaster, fraudulent activity, or a terrorist attack. Contingencies can be prepared for, but often the nature and scope of such negative events are unknowable in advance. Companies and investors plan for various contingencies through analysis and implementing protective measures.
Describe how a portfolio manager may help to mitigate the impact of these risks on portfolio.
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