Execution of Transactions. Except as provided below regarding prime brokerage arrangements, Management will arrange for the execution of securities transactions through the brokerage firm specified below if directed by Client. Client is aware that the commissions/fees paid under such circumstances are a matter for negotiation solely between Client and Client’s broker presently and in the future, regardless of changes to industry standards. Client acknowledges that the commissions/fees paid under such an arrangement may be more or less than those for other clients of Management, and execution service may be more or less favorable. Client understands and agrees that Management’s brokerage practices shall otherwise be consistent with the disclosure in Management’s Form ADV2, as amended from time to time. In all events, Management may utilize a prime brokerage or step-out relationship if Custodian allows such relationships and if, over time, it is in the best interest of Client, in which event, Management shall have the authority to choose and instruct executing brokers. Client recognizes that individual trades may not always be beneficial to Client.
Appears in 14 contracts
Samples: Management Group Relationship Agreement, Management Group Relationship Agreement, Management Group Relationship Agreement
