A sector breach
and a precedent from Sydney.
A long-only global equities desk runs the Global Growth Fund against a hard sector-concentration mandate. A corporate action on a held position pushed technology exposure 60 bps over the cap. The default playbook: force the sale.
G-Nosis surfaced an 18-month-old decision from the Sydney desk. Same fund. Same constraint. Resolved with a 30-day cure window instead of a forced sale. The PM had never seen the prior decision; the analyst who originally drafted it had moved teams.
The cure window was approved. Execution slippage avoided. The new decision now sits in the graph as a precedent of its own.