Sextant SA manages the Aurore fund with wide decision-making authority. Investors hold removal rights whose exercise terms are under discussion, Sextant's remuneration is commensurate with the services provided, and Sextant holds a small interest in the fund (case data). Write a short note concluding on whether Sextant is an agent by weighing the factors together, distinguishing case facts, rule and professional judgement.
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