Common use of Services as Investment Manager Clause in Contracts

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees of the Fund, Xxxxx Management will (a) act in strict conformity with the Fund's Agreement and Declaration of Trust, the Investment Company Act of 1940 (the "1940 Act"), and the Investment Advisers Act of 1940, as the same may from time to time be amended; (b) manage the Portfolio in accordance with the Portfolio's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect; (c) make general investment decisions for the Portfolio involving decisions concerning (i) the specific types of securities to be held by the Portfolio and the proportion of the Portfolio's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; and (d) supply office facilities (which may be in Xxxxx Management's own offices); statistical and research data; data processing services; clerical, accounting and bookkeeping services; internal auditing services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the Portfolio; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and records; and general assistance in all aspects of the Fund's operations with respect to the Portfolio. In providing those services, Xxxxx Management will supervise the Portfolio's investments generally and conduct a continual program of evaluation of the Portfolio's assets. In connection with the performance of its duties under this Agreement, it is understood that Xxxxx Management may from time to time employ or associate with itself such person or persons as Xxxxx Management may believe to be particularly fitted to assist it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by Xxxxx Management and that no obligation may be incurred on the Fund's behalf in any such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees Directors of the Fund, Xxxxx Management Cowen will (a) act in strict conformity with the Fund's Agreement Articles of Incorporation and Declaration of Trustby-laws, the Investment Company Act of 1940 (the "1940 Act"), and the Investment investment Advisers Act of 1940, as the same may from time to time be amended; , (b) manage the Portfolio Fund's portfolio in accordance with the PortfolioFund's investment objective and policies as stated in the Fund's its Prospectus and Statement of Additional Information as from time to time in effect; , (c) make general investment decisions for the Portfolio involving Fund, including decisions concerning concerning (i) the specific types of securities to be held by the Portfolio Fund and the proportion of the PortfolioFund's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; Fund, (iii) the extent to which taxable securities will be purchased for and held by the Fund, (iv) the appropriate maturity of its 2 portfolio investments and (v) the appropriate average weighted maturity of its portfolio in light of current market conditions and (d) supply office facilities (which may be in Xxxxx Management's own Cowex'x xxx offices); statistical and research data; data processing services; clerical, accounting and bookkeeping services; internal auditing and legal services; internal executive and administrative services; stationery services stationary and office supplies; preparation of reports to shareholders of the PortfolioFund; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and recordsFund; and general assistance in all aspects of the Fund's operations with respect to the Portfoliooperations. In providing those services, Xxxxx Management Cowen will supervise the PortfolioFund's investments generally and conduct a continual program of evaluation of the PortfolioFund's assets. In connection with the performance of its duties under this Agreement, it is understood that Xxxxx Management may Cowen will from time to time employ or associate with itself such person or persons as Xxxxx Management Cowen may believe to be particularly fitted to assist it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid put by Xxxxx Management Cowen and that no obligation may be incurred on the Fund's behalf in any such respect. Cowen, a limited partnership formed under the laws of the State of New York, will notify the Fund of any change in its membership within a reasonable time after such change.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees of the Fund, Xxxxx Management will (a) act in strict conformity with the Fund's Agreement and Declaration of Trust, the Investment Company Act of 1940 (the "1940 Act"), ) and the Investment Advisers Act of 1940, as the same may from time to time be amended; (b) manage the Portfolio in accordance with the Portfolio's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect; in (c) make general investment decisions for the Portfolio involving decisions concerning concerning (i) the specific types of securities to be held by the Portfolio and the proportion of the Portfolio's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; and (d) supply office facilities (which may be in Xxxxx Management's Xxxxx'x own offices); statistical and research data; data processing services; clerical, accounting and bookkeeping services; internal auditing services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the Portfolio; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and records; and general assistance in all aspects of the Fund's operations with respect to the Portfolio. In providing those services, Xxxxx Management will supervise the Portfolio's investments generally and conduct a continual program of evaluation evaluaton of the Portfolio's assets. In connection with the performance of its duties under this his Agreement, it is understood that Xxxxx Management may from time to time employ or associate with itself such person or persons as Xxxxx Management may believe to be particularly fitted to assist it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by Xxxxx Management and that no obligation may be incurred on the Fund's behalf in any such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees of the Fund, Xxxxx Management Alger will (a) act in strict conformity with the Fund's Agreement and axx Declaration of Trust, the Investment Company Act of 1940 (the "1940 Act"), ) and the Investment Advisers Act of 1940, as the same may from time to time be amended; (b) manage the Portfolio in accordance with the Portfolio's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect; (c) make general investment decisions for the Portfolio involving decisions concerning concerning (i) the specific types of securities to be held by the Portfolio and the proportion of the the1 Portfolio's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; and (d) supply office facilities (which may be in Xxxxx ManagementAlger's own offices); statistical and research data; data processing procxxxxxx services; clerical, accounting and bookkeeping services; internal auditing services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the Portfolio; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and records; and general assistance in all aspects of the Fund's operations with respect to the Portfolio. In providing those services, Xxxxx Management Alger will supervise the Portfolio's investments generally and conduct xxxxuct a continual program of evaluation of the Portfolio's assets. In connection with the performance of its duties under this Agreement, it is understood that Xxxxx Management Alger may from time to time employ or associate with itself such person suxx xxrson or persons as Xxxxx Management Alger may believe to be particularly fitted to assist it in the performance thx xxxformance of this Agreement, it being understood that the compensation of such person or persons shall be paid by Xxxxx Management Alger and that no obligation may be incurred on the Fund's behalf in any ix xxx such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees Directors of the Fund, XX Xxxxx Management will (a) act in strict conformity with the Fund's Agreement Articles of Incorporation and Declaration of TrustBy-laws, the Investment Company Act of 1940 (the "1940 Act"), ) and the Investment Advisers Act of 1940, as the same may from time to time be amended; , (b) manage the Portfolio in accordance with the PortfolioFund's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect; , (c) make general investment decisions for the Portfolio involving Fund including decisions concerning concerning (i) the specific types of securities to be held by the Portfolio Fund and the proportion of the PortfolioFund's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; Fund, and (d) supply office facilities (which may be in Xxxxx Management's XX Xxxxx'x own offices); statistical and research data; data processing services; clerical, accounting and bookkeeping services; internal auditing and legal services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the PortfolioFund; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and recordsFund; and general assistance in all aspects of the Fund's operations with respect to the Portfoliooperations. In providing those services, XX Xxxxx Management will supervise the PortfolioFund's investments generally and conduct a continual program of evaluation of the PortfolioFund's assets. In connection with the performance of its duties under this Agreement, it is understood that XX Xxxxx Management may will from time to time employ or associate with itself such person or persons as XX Xxxxx Management may believe to be particularly fitted to assist it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by XX Xxxxx Management and that no obligation may be incurred on the Fund's behalf in any such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees of the Fund, Xxxxx Alger Management will (a) act in strict conformity with the Fund's Agreement Agxxxxxnt and Declaration of Trust, the Investment Company Act of 1940 (the "1940 Act"), ) and the Investment Advisers Act of 1940, as the same may from time to time be amended; (b) manage the Portfolio in accordance with the Portfolio's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time tine in effect; (c) make general investment decisions for the Portfolio involving decisions concerning concerning (i) the specific types of securities to be held by the Portfolio and the proportion of the Portfolio's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; and (d) supply office facilities (which may be in Xxxxx Alger Management's own offices); statistical and research data; data processing xxxxxssing services; clerical, accounting and bookkeeping services; internal auditing services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the Portfolio; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and records; and general assistance in all aspects of the Fund's operations with respect to the Portfolio. In providing those services, Xxxxx Alger Management will supervise the Portfolio's investments generally and xxx conduct a continual program of evaluation of the Portfolio's assets. In connection with the performance of its duties under this Agreement, it is understood that Xxxxx Alger Management may from time to time employ or associate with itself such itselx xxxh person or persons as Xxxxx Alger Management may believe to be particularly fitted to assist it in the ix xxx performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by Xxxxx Alger Management and that no obligation may be incurred on the Fund's behalf Funds' xxxxlf in any such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees Directors of the Fund, XX Xxxxx Management will (a) act in strict conformity with the Fund's Agreement Articles of Incorporation and Declaration of TrustBy-laws, the Investment Company Act of 1940 (the "1940 Act"), ) and the Investment Advisers Act of 1940, as the same may from time to time be amended; , (b) manage the Portfolio in accordance with the PortfolioFund's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect; , (c) make general investment decisions for the Portfolio involving Fund including decisions concerning concerning (i) the specific types of securities to be held by the Portfolio Fund and the proportion of the PortfolioFund's assets that should be allocated to such investments during particular market cycles and cycles, (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; Fund, (iii) the extent to which taxable securities will be purchased for and held by the Fund, (iv) the appropriate maturity of its portfolio investments and (v) the appropriate average weighted maturity of its portfolio in light of current market conditions and (d) supply office facilities (which may be in Xxxxx Management's XX Xxxxx'x own offices); statistical and research data; data processing services; clerical, accounting and bookkeeping services; internal auditing and legal services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the PortfolioFund; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and recordsFund; and general assistance in all aspects of the Fund's operations with respect to the Portfoliooperations. In providing those services, XX Xxxxx Management will supervise the PortfolioFund's investments generally and conduct a continual program of evaluation of the PortfolioFund's assets. In connection with the performance of its duties under this Agreement, it is understood that XX Xxxxx Management may will from time to time employ or associate with itself such person or persons as XX Xxxxx Management may believe to be particularly fitted to assist it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by XX Xxxxx Management and that no obligation may be incurred on the Fund's behalf in any such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees Directors of the Fund, XX Xxxxx Management will (a) act in strict conformity with the Fund's Agreement Articles of Incorporation and Declaration of TrustBy-laws, the Investment Company Act of 1940 (the "1940 Act"), ) and the Investment Advisers Advisors Act of 1940, as the same may from time to time be amended; , (b) manage the Portfolio in accordance with the PortfolioFund's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect; , (c) make general investment decisions for the Portfolio involving Fund including decisions concerning concerning (i) the specific types of securities to be held by the Portfolio Fund and the proportion of the PortfolioFund's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; Fund, and (d) supply office facilities (which may be in Xxxxx Management's XX Xxxxx'x own offices); statistical and research data; data processing services; clerical, accounting and bookkeeping services; internal auditing and legal services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the PortfolioFund; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and recordsFund; and general assistance in all aspects of the Fund's operations with respect to the Portfoliooperations. In providing those services, XX Xxxxx Management will supervise the PortfolioFund's investments generally and conduct a continual program of evaluation of the PortfolioFund's assets. In connection with the performance of its duties under this Agreement, it is understood that XX Xxxxx Management may will from time to time employ or associate with itself such person or persons as XX Xxxxx Management may believe to be particularly fitted to assist it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by XX Xxxxx Management and that no obligation may be incurred on the Fund's behalf in any such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees of the Fund, Xxxxx Management will (a) act in strict conformity with the Fund's Agreement and Declaration of Trust, the Investment Company Act of 1940 (the "1940 Act"), ) and the Investment Advisers Act of 1940, as the same may from time to time be amended; (b) manage the Portfolio in accordance with the Portfolio's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect; (c) make general investment decisions for the Portfolio involving decisions concerning concerning (i) the specific types of securities to be held by the Portfolio and the proportion of the the1 Portfolio's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; and (d) supply office facilities (which may be in Xxxxx Management's Xxxxx'x own offices); statistical and research data; data processing services; clerical, accounting and bookkeeping services; internal auditing services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the Portfolio; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and records; and general assistance in all aspects of the Fund's operations with respect to the Portfolio. In providing those services, Xxxxx Management will supervise the Portfolio's investments generally and conduct a continual program of evaluation of the Portfolio's assets. In connection with the performance of its duties under this Agreement, it is understood that Xxxxx Management may from time to time employ or associate with itself such person or persons as Xxxxx Management may believe to be particularly fitted to assist it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by Xxxxx Management and that no obligation may be incurred on the Fund's behalf in any such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees of the Fund, Xxxxx Management will (a) act in strict conformity with the Fund's Agreement and Declaration of Trust, the Investment Company Act of 1940 (the "1940 Act"), ) and the Investment Advisers Act of 1940, as the same may from time to time be amended; (b) manage the Portfolio in accordance with the Portfolio's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect; (c) make general investment decisions for the Portfolio involving decisions concerning concerning (i) the specific types of securities to be held by the Portfolio and the proportion of the Portfolio's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; and (d) supply office facilities (which may be in Xxxxx Management's Xxxxx'x own offices); statistical and research data; data processing services; clerical, accounting and bookkeeping services; internal auditing services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the Portfolio; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and records; and general assistance in all aspects of the Fund's operations with respect to the Portfolio. In providing those services, Xxxxx Management will supervise the Portfolio's investments generally and conduct a continual program of evaluation evaluaton of the Portfolio's assets. In connection with the performance of its duties under this Agreement, it is understood that Xxxxx Management may from time to time employ or associate with itself such person or persons as Xxxxx Management may believe to be particularly fitted to assist it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by Xxxxx Management and that no obligation may be incurred on the Fund's behalf in any such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees of the Fund, Xxxxx Management will (a) act in strict conformity with the Fund's Agreement and Declaration of Trust, the Investment Company Act of 1940 (the "1940 Act"), ) and the Investment Advisers Act of 1940, as the same may from time to time be amended; (b) manage the Portfolio in accordance with the Portfolio's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect; (c) make general investment decisions for the Portfolio involving decisions concerning concerning (i) the specific types of securities to be held by the Portfolio and the proportion of the Portfolio's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; and (d) supply office facilities (which may be in Xxxxx Management's own offices); statistical and research data; data processing services; clerical, accounting and bookkeeping services; internal auditing services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the Portfolio; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and records; and general assistance in all aspects of the Fund's operations with respect to the Portfolio. In providing those services, Xxxxx Management will supervise the Portfolio's investments generally and conduct a continual program of evaluation of the Portfolio's assets. In connection with the performance of its duties under this Agreement, it is understood that Xxxxx Management may from time to time employ or associate with itself such person or persons as Xxxxx Management may believe to be particularly fitted to assist it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by Xxxxx Management and that no obligation may be incurred on the Fund's behalf in any such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees of the Fund, Xxxxx Management will (a) act in strict conformity with the Fund's Agreement and Declaration of Trust, the Investment Company Act of 1940 (the "1940 Act"), ) and the Investment Advisers Act of 1940, as the same may from time to time be amended; (b) manage the Portfolio in accordance with the Portfolio's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect; (c) make general investment decisions for the Portfolio involving decisions concerning concerning (i) the specific types of securities to be held by the Portfolio and the proportion of the Portfolio's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; and (d) supply office facilities (which may be in Xxxxx Management's Xxxxx'x own offices); statistical and research data; data processing services; clerical, accounting and bookkeeping services; internal auditing services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the Portfolio; preparation of reports to shareholder of the Portfolio; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and records; and general assistance in all aspects of the Fund's operations with respect to the Portfolio. In providing those services, Xxxxx Management will supervise the Portfolio's investments generally and conduct a continual program of evaluation of the Portfolio's assets. In connection with the performance of its duties under this Agreement, it is understood that Xxxxx Management may from time to time employ or associate with itself such person or persons as Xxxxx Management may believe to be particularly fitted to assist it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by Xxxxx Management and that no obligation may be incurred on the Fund's behalf in any such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees of the Fund, Xxxxx Management Alger will (a) act in strict conformity strxxx xonformity with the Fund's Agreement and Declaration of Trust, the Investment Company Act of 1940 (the "1940 Act"), ) and the Investment Advisers Act of 1940, as the same may from time to time be amended; (b) manage the Portfolio in accordance with the Portfolio's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect; (c) make general investment decisions for the Portfolio involving decisions concerning concerning (i) the specific types of securities to be held by the Portfolio and the proportion of the Portfolio's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; and (d) supply office facilities (which may be in Xxxxx ManagementAlger's own offices); statistical staxxxxxxxl and research data; data processing services; clerical, accounting and bookkeeping services; internal auditing services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the Portfolio; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and records; and general assistance in all aspects of the Fund's operations with respect to the Portfolio. In providing those services, Xxxxx Management Alger will supervise the PortfolioXxxxxolio's investments generally and conduct a continual program of evaluation of the Portfolio's assets. In connection with the performance of its duties under this Agreement, it is understood that Xxxxx Management Alger may from time to time employ tixx xxploy or associate with itself such person or persons as Xxxxx Management Alger may believe to be particularly fitted to assist it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by Xxxxx Management Alger and that no obligation may obligatxxx xay be incurred on the Fund's behalf in any such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees Directors of the Fund, Xxxxx Management Cowen will (a) act in strict conformity with the Fund's Agreement Articles of Incorporation and Declaration of Trustby-laws, the Investment Company Act of 1940 (the "1940 Act"), and the Investment Advisers Act of 1940, as the same may from time to time be amended; , (b) manage the Portfolio Fund's portfolio in accordance with the PortfolioFund's investment objective and policies as stated in the Fund's its Prospectus and Statement of Additional Information as from time to time in effect; , (c) make general investment decisions for the Portfolio involving Fund including decisions concerning concerning (i) the specific types of securities to be held by the Portfolio Fund and the proportion of the PortfolioFund's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; Fund, and (d) supply office facilities (which may be in Xxxxx Management's own Cowex'x xxx offices); statistical and research data; data processing services; clerical, accounting and bookkeeping services; internal auditing and legal services; internal executive and administrative services; stationery stationary and office supplies; preparation of reports to shareholders of the PortfolioFund; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and recordsFund; and general assistance in all aspects of the Fund's operations with respect to the Portfoliooperations. In providing those services, Xxxxx Management . Cowen will supervise the PortfolioFund's investments generally and conduct a continual program of evaluation of the PortfolioFund's 2 assets. In connection with the performance of its duties under this Agreement, it is understood that Xxxxx Management may Cowen will from time to time employ or associate with itself such person or persons as Xxxxx Management Cowen may believe to be particularly fitted to assist it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid pan' by Xxxxx Management Cowen and that no obligation may be incurred on the Fund's behalf in any such respect. Cowen, a limited partnership formed under the laws of the State of New York, will notify the Fund of any change in its membership within a reasonable time after such change.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees of the Fund, Xxxxx Management will (a) act in strict conformity with the Fund's Agreement and Declaration of Trust, the Investment Company Act of 1940 (the "1940 Act"), ) and the Investment Advisers Act of 1940, as the same may from time to time be amended; (b) manage the Portfolio in accordance with the Portfolio's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect; in (c) make general investment decisions for the Portfolio involving decisions concerning concerning (i) the specific types of securities to be held by the Portfolio and the proportion of the Portfolio's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; and (d) supply office facilities (which may be in Xxxxx Management's Xxxxx'x own offices); statistical and research data; data processing services; clerical, accounting and bookkeeping services; internal auditing services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the Portfolio; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and records; and general assistance in all aspects of the Fund's operations with respect to the Portfolio. In providing those services, Xxxxx Management will supervise the Portfolio's investments generally and conduct a continual program of evaluation of the Portfolio's assets. In connection with the performance of its duties under this Agreement, it is understood that Xxxxx Management may from time to time employ or associate with itself such person or persons as Xxxxx Management may believe to be particularly fitted to assist it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by Xxxxx Management and that no obligation may be incurred on the Fund's behalf in any such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees of the Fund, Xxxxx Management will (a) act in strict conformity with the Fund's Agreement and Declaration of Trust, the Investment Company Act of 1940 (the "1940 Act"), ) and the Investment Advisers Act of 1940, as the same may from time to time be amended; (b) manage the Portfolio in accordance with the Portfolio's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect; in (c) make general investment decisions for the Portfolio involving decisions concerning concerning (i) the specific types of securities to be held by the Portfolio and the proportion of the Portfolio's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; and (d) supply office facilities (which may be in Xxxxx Management's Xxxxx'x own offices); statistical and research data; data processing services; clerical, accounting and bookkeeping services; internal auditing services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the Portfolio; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and records; and general assistance in all aspects of the Fund's operations with respect to the Portfolio. In providing those services, Xxxxx Management will supervise the Portfolio's investments generally and conduct a continual program of evaluation evaluaton of the Portfolio's assets. In connection with the performance of its duties under this Agreement, it is understood that Xxxxx Management may from time to time employ or associate with itself such person or persons as Xxxxx Management may believe to be particularly fitted to assist it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by Xxxxx Management and that no obligation may be incurred on the Fund's behalf in any such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees of the Fund, Xxxxx Alger Management will (a) act in strict conformity with the Fund's Agreement Agxxxxxnt and Declaration of Trust, the Investment Company Act of 1940 (the "1940 Act"), ) and the Investment Advisers Act of 1940, as the same may from time to time be amended; (b) manage the Portfolio in accordance with the Portfolio's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect; (c) make general investment decisions for the Portfolio involving decisions concerning concerning (i) the specific types of securities to be held by the Portfolio and the proportion of the Portfolio's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; and (d) supply office facilities (which may be in Xxxxx Alger Management's own offices); statistical and research data; data processing xxxxxssing services; clerical, accounting and bookkeeping services; internal auditing services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the Portfolio; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and records; and general assistance in all aspects of the Fund's operations with respect to the Portfolio. In providing those services, Xxxxx Alger Management will supervise the Portfolio's investments generally and xxx conduct a continual program of evaluation of the Portfolio's assets. In connection with the performance of its duties under this Agreement, it is understood that Xxxxx Alger Management may from time to time employ or associate with itself such itselx xxxh person or persons as Xxxxx Alger Management may believe to be particularly fitted to assist it in the ix xxx performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by Xxxxx Alger Management and that no obligation may be incurred on the Fund's behalf xxxxlf in any such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees of the Fund, Xxxxx Management will (a) act in strict conformity with the Fund's Agreement and Declaration of Trust, the Investment investment Company Act of 1940 (the "1940 Act"), ) and the Investment Advisers Act of 1940, as the same may from time to time be amended; (b) manage the Portfolio in accordance with the Portfolio's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect; (c) make general investment decisions for the Portfolio involving decisions concerning concerning (i) the specific types of securities to be held by the Portfolio and the proportion of the Portfolio's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose whole securities will be purchased or sold by the Portfolio; and (d) supply office facilities (which may be in Xxxxx Management's Xxxxx'x own offices); statistical and research data; data processing services; clerical, accounting and bookkeeping services; internal auditing services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the Portfolio; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and records; and general assistance in all aspects of the Fund's operations with respect to the Portfolio. In providing those services, Xxxxx Management will supervise the Portfolio's investments generally and conduct a continual program of evaluation of the Portfolio's assets. In connection with the performance of its duties under this Agreement, it is understood that Xxxxx Management may from time to time employ or associate with itself such person or persons as Xxxxx Management may believe to be particularly fitted to assist it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by Xxxxx Management and that no obligation may be incurred on the Fund's behalf in any such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees Directors of the Fund, XX Xxxxx Management will (a) act in strict conformity with the Fund's Agreement Articles of Incorporation and Declaration of TrustBy-laws, the Investment Company Act of 1940 (the "1940 Act"), ) and the Investment Advisers Act of 1940, as the same may from time to time be amended; , (b) manage the Portfolio in accordance with the PortfolioFund's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect; , (c) make general investment decisions for the Portfolio involving Fund including decisions concerning concerning (i) the specific types of securities to be held by the Portfolio Fund and the proportion of the PortfolioFund's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or of sold by the Portfolio; Fund, and (d) supply office facilities (which may be in Xxxxx Management's XX Xxxxx'x own offices); statistical and research data; data processing services; clerical, accounting and bookkeeping services; internal auditing and legal services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the PortfolioFund; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and recordsFund; and general assistance in all aspects of the Fund's operations with respect to the Portfoliooperations. In providing those services, XX Xxxxx Management will supervise the PortfolioFund's investments generally and conduct a continual program of evaluation of the PortfolioFund's assets. In connection with the performance of its duties under this Agreement, it is understood that XX Xxxxx Management may will from time to time employ or associate with itself such person or persons as XX Xxxxx Management may believe to be particularly fitted to assist it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by XX Xxxxx Management and that no obligation may be incurred on the Fund's behalf in any such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees of the Fund, Xxxxx Management Alger will (a) act in strict conformity with the Fund's Agreement Xxxeement and Declaration of Trust, the Investment Company Act of 1940 (the "1940 Act"), ) and the Investment Advisers Act of 1940, as the same may from time to time be amended; (b) manage the Portfolio in accordance with the Portfolio's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect; (c) make general investment decisions for the Portfolio involving decisions concerning concerning (i) the specific types of securities to be held by the Portfolio and the proportion of the Portfolio's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; and (d) supply office facilities (which may be in Xxxxx ManagementAlger's own offices); statistical and research data; data processing dxxx xxxcessing services; clerical, accounting and bookkeeping services; internal auditing services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the Portfolio; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and records; and general assistance in all aspects of the Fund's operations with respect to the Portfolio. In providing those services, Xxxxx Management Alger will supervise the Portfolio's investments generally generxxxx and conduct a continual program of evaluation of the Portfolio's assets. In connection with the performance of its duties under this Agreement, it is understood that Xxxxx Management Alger may from time to time employ or associate with itself ixxxxx such person or persons as Xxxxx Management Alger may believe to be particularly fitted to assist it in xx xx the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by Xxxxx Management Alger and that no obligation may be incurred on the Fund's Fuxx'x behalf in any such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees Directors of the Fund, XX Xxxxx Management will (a) act in strict conformity with the Fund's Agreement Articles of Incorporation and Declaration of TrustBy-Laws, the Investment Company Act of 1940 (the "1940 Act"), ) and the Investment Advisers Act of 1940, as the same may from time to time be amended; , (b) manage the Portfolio in accordance with the PortfolioFund's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect; , (c) make general investment decisions for the Portfolio involving Fund including decisions concerning concerning (i) the specific types of securities to be held by the Portfolio Fund and the proportion of the PortfolioFund's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; Fund, and (d) supply office facilities (which may be in Xxxxx Management's XX Xxxxx'x own offices); statistical and research data; data processing services; clerical, accounting and bookkeeping clerical services; internal auditing and legal services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the PortfolioFund; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and recordsFund; and general assistance in all aspects of the Fund's operations with respect to the Portfoliooperations. In providing those services, XX Xxxxx Management will supervise the PortfolioFund's investments generally and conduct a continual program of evaluation of the PortfolioFund's assets. In connection with the performance of its duties under this Agreement, it is understood that XX Xxxxx Management may will from time to time employ or associate with itself such person or persons as XX Xxxxx Management may believe to be particularly fitted to assist it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by XX Xxxxx Management and that no obligation may be incurred on the Fund's behalf in any such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees of the Fund, Xxxxx Management will (a) act in strict conformity with the Fund's Fund1s Agreement and Declaration of Trust, the Investment Company Act of 1940 (the "1940 Act"), ) and the Investment Advisers Act of 1940, as the same may from time to time be amended; (b) manage the Portfolio in accordance with the Portfolio's investment objective and policies as stated in the Fund's Prospectus and Statement of Additional Information as from time to time in effect; in (c) make general investment decisions for the Portfolio involving decisions concerning concerning (i) the specific types of securities to be held by the Portfolio and the proportion of the Portfolio's assets that should be allocated to such investments during particular market cycles and (ii) the specific issuers whose securities will be purchased or sold by the Portfolio; and (d) supply office facilities (which may be in Xxxxx Management's Xxxxx'x own offices); statistical and research data; data processing services; clerical, accounting and bookkeeping services; internal auditing services; internal executive and administrative services; stationery and office supplies; preparation of reports to shareholders of the Portfolio; preparation of tax returns, reports to and filings with the Securities and Exchange Commission (the "SEC") and state Blue Sky authorities; calculation of the net asset value of shares of the Portfolio; maintenance of the Portfolio's financial accounts and records; and general assistance in all aspects of the Fund's operations with respect to the Portfolio. In providing those services, Xxxxx Management will supervise the Portfolio's investments generally and conduct a continual program of evaluation of the Portfolio's assets. In connection with the performance of its duties under this Agreement, it is understood that Xxxxx Management may from time to time employ or associate with itself such person or persons as Xxxxx Management may believe to be particularly fitted to assist it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by Xxxxx Management and that no obligation may be incurred on the Fund's behalf in any such respect.