Common use of Fairness Policy Clause in Contracts

Fairness Policy. In order to ensure fairness in the allocation of investment opportunities among the XXX Managed Accounts and the XXX Investment Funds (each a “XXX Client”), XXX will allocate investment opportunities with consideration to the suitability of such investments to each XXX Client’s investment objectives and strategies, portfolio composition, restrictions and cash availability (even though the investment objectives and strategies are substantially the same for some of the XXX Clients and cash flows of each XXX Client can be substantially different given daily/monthly subscriptions and redemptions/withdrawals). As well, cash flows (subscription inflows and redemptions/withdrawals) and investment strategies can influence the allocation process in order to maintain property weightings in each XXX Client account. If an investment opportunity is suitable for more than one XXX Client, XXX will allocate such investment opportunities equitably in order to ensure that each XXX Client has equal access to the same quality and quantity of investment opportunities. To ensure fairness in the allocation of investment opportunities as between each XXX Client, XXX will ensure:

Fairness Policy. In order to ensure fairness in the allocation of investment opportunities among the XXX Managed Accounts and the XXX Investment Funds (each a “XXX Client”), XXX will allocate investment opportunities with consideration to the suitability of such investments to each XXX Client’s investment objectives and strategies, portfolio composition, restrictions and cash availability (even though the investment objectives and strategies are substantially the same for some of the XXX Clients and cash flows of each XXX Client can be substantially different given daily/monthly subscriptions and C4 redemptions/withdrawals). As well, cash flows (subscription inflows and redemptions/withdrawals) and investment strategies can influence the allocation process in order to maintain property weightings in each XXX Client account. If an investment opportunity is suitable for more than one XXX Client, XXX will allocate such investment opportunities equitably in order to ensure that each XXX Client has equal access to the same quality and quantity of investment opportunities. To ensure fairness in the allocation of investment opportunities as between each XXX Client, XXX will ensure: