The KAG then accepts or denies the advice on asset allocation and executes the trades at its own responsibility .
Firstly there are advisory mandates , where the external portfolio manager only gives advice to the KAG .
The KAG then accepts or denies the advice on asset allocation and executes the trades at KAG 's own responsibility .
Firstly there are advisory mandates , where the external portfolio manager only gives advice to the KAG .