Common use of Asset Manager Clause in Contracts

Asset Manager. Asset Management of the AIF is carried out by the AIFM (its asset management department). The asset man- ager's task is the independent daily implementation of the investment policy and the management of the AIF's dai- ly operations and other related services under the supervision, control and responsibility of the AIFM. These obli- gations are fulfilled in compliance with the principles of the investment policy and the AIF's investment restrictions, as described in Appendix A "Overview of Funds", as well as the legal investment restrictions. At their own risk and cost, asset managers are entitled to avail themselves of third-party advisers, particularly in- vestment advisers. Further information and details about the asset manager, if available, are provided in the fund specific Appendix A "Overview of Funds".