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Which following statements is FALSE? A. Under ERISA, a fiduciary must have a written investment policy. B. Under ERISA, a fiduciary can outsource management responsibilities

Which following statements is FALSE?

A. Under ERISA, a fiduciary must have a written investment policy.

B. Under ERISA, a fiduciary can outsource management responsibilities for the management of the pension fund.

C. Under ERISA, a fiduciary must adhere to the basic principals of modern portfolio theory.

D. None of the above because they are all true.

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