Duties as Investment Adviser. (a) Subject to the supervision of the Fund’s Board of Directors (the “Board”), the Adviser will provide a complete and continuous investment program for the Fund, including investment research and management with respect to all securities and investments and cash equivalents of the Fund; provided, that, all portfolio management decisions shall be determined jointly with UBS Asset Managers of Puerto Rico, a division of UBS Trust Company of Puerto Rico (“UBS”) as co-investment advisers.
Appears in 7 contracts
Samples: Investment Advisory Contract (Puerto Rico Residents Tax-Free Fund, Inc.), Investment Advisory Contract (Puerto Rico Residents Tax-Free Fund II, Inc.), Investment Advisory Contract (Puerto Rico Residents Bond Fund I)
