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, Alger Management will (a) act in strict conformity with the Xxxd's Agreement and Declaration of Trust, the Investment Company Act of 1940 (the "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 statistical and research data; and general assistance in all aspects of the Fund's operations with respect to the Portfolio. In providing those services, Alger 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 Alger Management may from time to time employ or associate xxxx itself such person or persons as Alger Management may believe to be particularly fitted to xxxxxt it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by Alger Management and that no obligation may be incurred on xxx 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, Alger Management will (a) act in strict conformity with the XxxdFund's Agreement Xxxxxment 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 each Portfolio in accordance with the such 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 each Portfolio involving decisions concerning (i) the specific types of securities to be held by the such Portfolio and the proportion of the such 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 such Portfolio; and (d) supply statistical and research data; and general assistance in all aspects of the Fund's operations with respect to the each Portfolio. In providing those services, Alger Management will supervise the each Portfolio's investments generally and generaxxx xnd conduct a continual program of evaluation of the such Portfolio's assets. In connection with the performance of its duties under this Agreement, it is understood that Alger Management may from time to time employ or associate xxxx itself such with itsxxx xuch person or persons as Alger Management may believe to be particularly fitted to xxxxxt assist it in the xx xhe performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by Alger Management and that no obligation may be incurred on xxx Fund's behalf the Fund'x xxhalf in any such respect.

Services as Investment Manager. Subject to the supervision and direction of the Board of Trustees of the Fund, Alger Xxxxx Management will (a) act in strict conformity with the XxxdFund'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 each Portfolio in accordance with the such 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 each Portfolio involving decisions concerning (i) the specific types of securities to be held by the such Portfolio and the proportion of the such 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 such Portfolio; and (d) supply statistical and research data; and general assistance in all aspects of the Fund's operations with respect to the each Portfolio. In providing those services, Alger Xxxxx Management will supervise the each Portfolio's investments generally and conduct a continual program of evaluation of the such Portfolio's assets. In connection with the performance of its duties under this Agreement, it is understood that Alger Xxxxx Management may from time to time employ or associate xxxx with itself such person or persons as Alger Xxxxx Management may believe to be particularly fitted to xxxxxt assist it in the performance of this Agreement, it being understood that the compensation of such person or persons shall be paid by Alger Xxxxx Management and that no obligation may be incurred on xxx the Fund's behalf in any such respect.