Conflicts of interest may exist between various individuals and entities, including Telligent, Employees, the Funds, and current or prospective Investors. Any failure to identify or properly address a conflict can have severe negative repercussions for Telligent, its Employees, the Funds, and Investors. In some cases the improper handling of a conflict could result in litigation and/or disciplinary action. Telligent’s policies and procedures have been designed to identify and properly disclose, mitigate, and/or eliminate applicable conflicts of interest.
However, written policies and procedures cannot address every potential conflict, so Employees must use good judgment in identifying and responding appropriately to actual or apparent conflicts. Conflicts of interest that involve Telligent and/or its Employees on one hand, and the Funds and/or Investors on the other hand, will generally be fully disclosed and/or resolved in a way that favors the interests of the Funds and/or Investors over the interests of Telligent and its Employees. If an Employee believes that a conflict of interest has not been identified or appropriately addressed, that Employee should promptly bring the issue to the firm’s attention.