INVESTMENT SUB-ADVISORY AGREEMENT AGREEMENT made as of this 7th day of May, 2003, by and among Pilgrim Baxter & Associates, Ltd. (the "Adviser"), Thompson, Siegel & Walmsley, Inc. (the "Sub-Adviser"), and PBHG Funds, a Delaware business trust (the...Investment Sub-Advisory Agreement • September 24th, 2003 • PBHG Funds • Delaware
