Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Fiduciary

Any person who exercises any discretionary authority or control over a plan's asset management, administration or disposition, or renders investment advice for a fee or other compensation with respect to a plan's assets; may include but is not limited to staff, trustees, investment board members, administrators, consultants, actuaries and investment managers.

Source: NCREIF | Date: 05 September 2025 | ID: D1135 | Version: 1