Mini Case - Paul Akwa Paul Akwa is a 48 year old former employee of a Asenso Mining Company Lid, with a healthy life style, and has a wife and two children aged 12 and 10. Mrs Akwa works at a pharmacy where she currently earns $6,000 a month. As part of corporate restructuring following the acquisition Asenso Mining Company Led by Jushin China Lid, Paul, after 20 years at the company, decided to take voluntary redundancy. He has received his redundancy package worth C1,200,000 and has come to you for advice on how to best to invest the money, to provide some income to meet the day-to day expenses of the family, and to have enough to see the two children through university. The family home is fully owned by Paul and his wife. 89 Mini Case - Paul Akwa 1 . Formulate and justify an investment policy statement for Paul, encompassing all relevant investment objectives and constraints. 2 Indicate and justify any additional information you would require from Paul as part of the exercise in part (1) above. 3. Recommend and justify, an asset allocation that is consistent with the investment policy statement above (clearly explain any assumptions made in the asset allocation). 90