Duties as Investment Manager. (a) Subject to the supervision of the Company's Board of Trustees ("Board"), Adviser will provide a continuous investment program for each Fund, including investment research and management with respect to all securities and investments and cash equivalents of the Fund. Adviser will determine from time to time what securities and other investments will be purchased, retained or sold by each Fund, and the brokers and dealers through whom trades will be executed.
(b) Adviser agrees that in placing orders with brokers and dealers it will attempt to obtain the best net results in terms of price and execution. Consistent with this obligation Adviser may, in its discretion, purchase and sell portfolio securities to and from brokers and dealers who sell shares of the Funds or provide the Funds or Adviser's other clients with research, analysis, advice and similar services. Adviser may pay to brokers and dealers, in return for research and analysis, a higher commission or spread than may be charged by other brokers and dealers, subject to Adviser's determining in good faith that such commission or spread is reasonable in terms either of the particular transaction or of the overall responsibility of Adviser to the Funds and its other clients and that the total commissions or spreads paid by each Fund will be reasonable in relation to the benefits to the Fund over the long term. In no instance will portfolio securities be purchased from or sold to Adviser or any affiliated person thereof except in accordance with the federal securities laws and the rules and regulations thereunder and any exemptive orders currently in effect. Whenever Adviser simultaneously places orders to purchase or sell the same security on behalf of a Fund and one or more other accounts advised by Adviser, such orders will be allocated as to price and amount among all such accounts in a manner believed to be equitable to each account. The Company recognizes that in some cases this procedure may adversely affect the results obtained for each Fund.
(c) Adviser will oversee the maintenance of all books and records with respect to the securities transactions of the Funds, and will furnish the Board with such periodic and special reports as the Board reasonably may request. In compliance with the requirements of Rule 31a-3 under the 1940 Act, Adviser hereby agrees that all records which it maintains for the Company are the property of the Company, agrees to preserve for the periods prescribed by Rul...
Duties as Investment Manager. (a) Subject to the supervision of the Fund's Board of Managers (the "Board"), the Investment Manager will have full discretion and authority (i) to manage the assets and liabilities of the Fund and (ii) to manage the day-to-day business and affairs of the Fund. In furtherance of and subject to the foregoing, the Investment Manager will have full power and authority on behalf of the Fund, among other matters:
(1) to purchase, sell, exchange, trade and otherwise deal in and with securities and other property of the Fund and to loan securities of the Fund;
(2) to do any and all acts and exercise all rights with respect to the Fund's interest in any person, firm, corporation, partnership or other entity, including, without limitation, voting interests of the Portfolio Funds (as defined in the Fund's Prospectus (the "Prospectus"));
(3) to enter into agreements with the Portfolio Funds irrevocably to forego the Fund's right to vote its interests or shares of the Portfolio Funds;
(4) to enter into agreements with the Portfolio Funds that provide for, among other things, the indemnification by the Fund of the Portfolio Funds and the Portfolio Managers (as defined in the Prospectus) to the same or different extent as provided for in respect of the Investment Manager, and to terminate such agreements;
(5) to open, maintain and close accounts with brokers and dealers, to make all decisions relating to the manner, method and timing of securities and other investment transactions, to select and place orders with brokers, dealers or other financial intermediaries for the execution, clearance or settlement of any transactions on behalf of the Fund on such terms as the Investment Manager considers appropriate, and to grant limited discretionary authorization to such persons with respect to price, time and other terms of investment and trading transactions, subject to Paragraph 2(b) hereof;
(6) to borrow from banks or other financial institutions and to pledge Fund assets as collateral therefor, to trade on margin, to exercise or refrain from exercising all rights regarding the Fund's investments, and to instruct custodians regarding the settlement of transactions, the disbursement of payments to the Fund's investors (both direct and indirect) (the "Investors") with respect to repurchases of interests in the Fund ("Interests") and the payment of Fund expenses, including those relating to the organization and registration of the Fund;
(7) to call and conduct meetings of Inv...
Duties as Investment Manager. (a) Subject to the supervision of the Company's Board of Directors ("Board"), G.
Duties as Investment Manager. (a) The Manager will oversee the provision of administration, custodial, accounting, bookkeeping, transfer and dividend disbursing agency or similar services to the Fund by any entity selected by the Trust's Board of Trustees ("Board") to perform such services.
(b) The Manager will oversee the monitoring of compliance of the Adviser with the investment objective, policies and restrictions of the Fund as well as compliance with the 1940 Act, the rules thereunder, and all applicable federal and state securities laws and regulations, and review and report to the Board on such compliance and on the services described in paragraph 2(a) hereof as overseen by the Manager. However, the Manager shall not be responsible for ensuring the Fund's compliance with applicable federal and state securities laws and regulations.
(c) On the Manager's own initiative, the Manager will apprise, or cause the Adviser to apprise, the Trust of important developments materially affecting the Fund and will furnish the Trust, from time to time, with such information as may be appropriate for this purpose. Further, the Manager agrees to furnish to the Board such periodic and special reports as the Board may reasonably request.
(d) The Manager will furnish to the Fund, at its own expense and without remuneration from or other cost to the Fund, the following:
Duties as Investment Manager. (a) Subject to the supervision of the Portfolio's Board of Trustees ("Board"), Chancellor SSM will provide a continuous investment program for the Portfolio, including investment research and management with respect to all securities and investments and cash equivalents of the Portfolio. Chancellor SSM will determine from time to time what securities and other investments will be purchased, retained or sold by the Portfolio and the brokers and dealers through whom trades will be executed.
(b) Chancellor SSM agrees that in placing orders with brokers and dealers it will attempt to obtain the best net results in terms of price and execution. Consistent with this obligation, Chancellor SSM may, in its discretion, purchase and sell portfolio securities to and from brokers and dealers who sell shares of the Common Stock of the Portfolio or who provide the Portfolio or Chancellor SSM's other clients with research, analysis, advice and similar services. Chancellor SSM may pay to brokers and dealers, in return for research and analysis, a higher commission or spread than may be charged by other brokers and dealers, subject to Chancellor SSM's determining in good faith that such commission or spread is reasonable in terms either of the particular transaction or of the overall responsibility of Chancellor SSM to the Portfolio and its other clients, and that the total commissions or spreads paid by the Portfolio will be reasonable in relation to the benefits to the Portfolio over the long term. In no instance will portfolio securities be purchased from or sold to Chancellor SSM or any affiliated person thereof except in accordance with the federal securities laws and the rules and regulations thereunder. Whenever Chancellor SSM simultaneously places orders to purchase or sell the same security on behalf of the Portfolio and one or more other accounts advised by Chancellor SSM, such orders will be allocated as to price and amount among all such accounts in a manner believed to be equitable to each account. The Portfolio recognizes that in some cases this procedure may adversely affect the results obtained for the Portfolio.
(c) Chancellor SSM will oversee the maintenance of all books and records with respect to the securities transactions of the Portfolio and will furnish the Board with such periodic and special reports as the Board reasonably may request. In compliance with the requirements of Rule 31a-3 under the 1940 Act, Chancellor SSM hereby agrees that all recor...
Duties as Investment Manager. (a) Subject to the supervision of the Fund's Board of Trustees ("Board"), Adviser will provide a continuous investment program for the Fund, including investment research and management with respect to all securities and investments and cash equivalents of the Fund. Adviser will determine from time to time what securities and other investments will be purchased, retained or sold by the Fund, and the brokers and dealers through whom trades will be executed.
(b) Adviser agrees that in placing orders with brokers and dealers it will attempt to obtain the best net results in terms of price and execution. Consistent with this obligation Adviser may, in its discretion, purchase and sell portfolio securities to and from brokers and dealers who sell shares of the Fund or provide the Fund's or Adviser's other clients with research, analysis, advice and similar services. Adviser may pay to brokers and dealers, in return for research and analysis, a higher commission or spread than may be charged by other brokers and dealers, subject to Adviser's determining in good faith that such commission or spread is reasonable in terms either of the particular transaction or of the overall responsibility of Adviser to the Fund and its other clients and that the total commissions or spreads paid by the Fund will be reasonable in relation to the benefits to
Duties as Investment Manager. (a) Subject to the supervision of the Trust's Board of Trustees ("Board"), G.
Duties as Investment Manager. (a) The Adviser will be responsible for the daily allocation and periodic rebalancing of the Fund's assets among the investment companies in which the Fund invests ("Underlying Funds"). Such allocation and rebalancing shall be made in accordance with the Company's Registration Statement. The Adviser will be responsible for placing all trades on behalf of the Fund. The Adviser also will determine from time to time what other securities, if any, will be purchased, retained or sold by the Fund and what cash, if any, will be retained by the Fund.
(b) Adviser will oversee the maintenance of all books and records with respect to the securities transactions of the Funds, and will furnish the Board with such periodic and special reports as the Board reasonably may request. In compliance with the requirements of Rule 31a-3 under the 1940 Act, Adviser hereby agrees that all records which it maintains for the Company are the property of the Company, agrees to preserve for the periods prescribed by Rule 31a-2 under the 1940 Act any records which it maintains for the Company and which are required to be maintained by Rule 31a-1 under the 1940 Act, and further agrees to surrender promptly to the Company any records which it maintains for the Company upon request by the Company.
Duties as Investment Manager. (a) Subject to the suspension of the Master Portfolio's Board of Trustees ("Board"), G.T. Capital will provide a continuous investment program for each Portfolio, including investment research and management with respect to all securities and investments and cash equivalents of each Portfolio. G.
Duties as Investment Manager. Appointment of Sub-Advisers
(a) Subject to the oversight and direction of the Trust's Board of Trustees ("Board"), Xxxxxxxx Xxxxxxxx will provide to the Trust investment management evaluation services principally by performing initial reviews of prospective Sub-Advisers for each Series and overseeing and monitoring performance of the Sub-Advisers thereafter. Xxxxxxxx Xxxxxxxx agrees to report to the Trust the results of its evaluation, oversight and monitoring functions and to keep books and records of the Trust in connection therewith. Upon the request of the Board, Xxxxxxxx Xxxxxxxx will provide portfolio management services with respect to any portion of Series' assets for which no Sub-Adviser is responsible. Xxxxxxxx Xxxxxxxx further agrees to communicate performance expectations and evaluations to the Sub-Advisers, and to recommend to the Trust whether agreements with Sub-Advisers should be renewed, modified or terminated.
(b) Xxxxxxxx Xxxxxxxx is responsible for informing the Sub-Advisers of the investment objective(s), policies and restrictions of the Series for which the Sub-Adviser is responsible, for informing or ascertaining that it is aware of other legal and regulatory responsibilities applicable to the Sub-Adviser with respect to the Series for which the Sub-Adviser is responsible, and for monitoring the Sub-Advisers' discharge of their duties; but Xxxxxxxx Xxxxxxxx is not responsible for the specific actions (or inactions) of a Sub-Adviser in the performance of the duties assigned to it.
(c) With respect to each Sub-Adviser for a Series, Xxxxxxxx Xxxxxxxx shall enter into an agreement ("Sub-Advisory Agreement") with the Sub-Adviser in substantially the form previously approved by the Board and shall seek approval of the Board or a Series' shareholders in a manner consistent with the 1940 Act, the rules thereunder or any applicable exemptive order.
(d) Xxxxxxxx Xxxxxxxx shall be responsible for the fees payable to and shall pay the Sub-Adviser of a Series the fee as specified in the Sub-Advisory Agreement relating thereto.
(e) In the event that the Board shall request that Xxxxxxxx Xxxxxxxx provide any portfolio management services to one or more Series, Xxxxxxxx Xxxxxxxx shall comply with this paragraph 2(e). Xxxxxxxx Xxxxxxxx agrees that in placing orders with brokers, it will attempt to obtain the best net result in terms of price and execution; provided that, on behalf of any Series, Xxxxxxxx Xxxxxxxx may, in its discretion, use brokers w...
