SERVICES TO BE RENDERED BY SUB-ADVISER Clause Samples
The "Services to be Rendered by Sub-Adviser" clause defines the specific duties and responsibilities that the sub-adviser is contractually obligated to perform for the client or primary adviser. Typically, this includes tasks such as providing investment advice, managing assets, conducting research, or executing trades on behalf of the client. By clearly outlining the scope and nature of the sub-adviser's services, this clause ensures both parties have a mutual understanding of expectations and helps prevent disputes over the extent of the sub-adviser's obligations.
SERVICES TO BE RENDERED BY SUB-ADVISER. A. As a sub-adviser to the Portfolio(s), the Sub-Adviser will invest and reinvest the assets of the Portfolio(s) and determine the composition of the assets of the Portfolio(s), subject always to the supervision and control of the Adviser and the Trust Board.
B. As part of the services it will provide hereunder, the Sub-Adviser will:
(i) obtain and evaluate, to the extent deemed necessary or advisable by the Sub-Adviser in its discretion, pertinent economic, statistical, financial and other information affecting the economy generally and individual companies or industries, the securities of which are included in the Portfolio(s) or are under consideration for inclusion in the Portfolio(s);
(ii) formulate and implement a continuous investment program for each of the Portfolio(s);
(iii) take whatever reasonable steps are necessary to implement the investment program(s) for the Portfolio(s) by arranging for the purchase and sale of securities and other investments, including issuing directives to the administrator of the Trust as necessary for the appropriate implementation of the investment program(s) of the Portfolio(s);
(iv) keep the Adviser fully informed in writing on an ongoing basis as agreed by the Adviser and the Sub-Adviser of all material facts concerning the investment and reinvestment of the assets of the Portfolio(s), the Sub-Adviser and its key investment personnel and operations; make regular and periodic special written reports of such additional information concerning the same as may reasonably be requested from time to time by the Adviser or the Trust Board; and attend meetings with the Adviser and/or the Trust Board, as reasonably requested, to discuss the foregoing;
(v) in accordance with procedures and methods established by the Trust Board, which may be amended from time to time, to the extent not prohibited by applicable law or confidentiality obligation, provide, upon request, reasonable assistance in determining the fair value of, and/or use reasonable efforts to arrange for the provision of valuation information or fair value prices from parties independent of the Sub-Adviser for, each security or other asset of the Portfolio(s) for which market quotations are not readily available. The Adviser agrees that the Sub-Adviser is not a pricing agent for the Trust;
(vi) provide, upon request, any and all reasonable material composite performance information, records and supporting documentation about accounts the Sub-Adviser manages that ...
SERVICES TO BE RENDERED BY SUB-ADVISER. A. Subject to the oversight and supervision of the Trustees and the Adviser and consistent with its fiduciary duties to each Fund, the Sub-Adviser will coordinate the investment and reinvestment of the assets of each Fund, and determine the composition of each Fund, in accordance with such Fund’s investment objective and investment policies as stated in the then-current prospectus (“Prospectus”) and Statement of Additional Information (“SAI”) for such Fund contained in the Trust’s Registration Statement, as such prospectus and SAI are amended or supplemented from time to time. As part of the services it will provide hereunder, the Sub-Adviser will do the following for the Fund:
SERVICES TO BE RENDERED BY SUB-ADVISER. (a) Subject always to the control of the Manager and the Trustees of the Trust and to such policies as the Trustees may determine, the Sub-Adviser agrees, at its expense, to assist the Manager with furnishing continuously an investment program for the Fund, pursuant to which the Sub-Adviser will be responsible for making investment decisions in respect of such portion of the Fund’s assets and placing orders for the purchase and sale of such portion of the Fund’s portfolio securities, in each case as the Manager may request from time to time.
(b) In the performance of its duties as sub-adviser to the Fund, the Sub-Adviser will comply with the provisions of the Amended and Restated Agreement and Declaration of Trust (the “Declaration”) and By-laws of the Trust, the Fund’s stated investment objective, policies and restrictions, and applicable law. The Manager shall promptly provide the Sub-Adviser with a copy of any supplemented or amended Declaration and/or By-Laws.
(c) The Sub-Adviser is authorized on behalf of the Fund to execute all agreements, instruments and documents that the Sub-Adviser believes are necessary or advisable in performing its duties in the management of the Fund’s assets and relate to the management of the Fund’s investments, including, without limitation, brokerage agreements, clearing agreements, account documentation, futures and option agreements, swap agreements, and other investment related agreements.
(d) In placing orders for the portfolio transactions of the Fund, the Sub-Adviser shall seek the best price and execution available, except to the extent it may be permitted to pay higher brokerage commissions for brokerage and research services as described below. In using its best efforts to obtain for the Fund the most favorable price and execution available, the Sub-Adviser shall consider all factors it deems relevant, including, without limitation, the overall net economic result to the Fund (involving price paid or received and any commissions and other costs paid), the efficiency with which the transaction is effected, the ability to effect the transaction at all where a large block is involved, availability of the broker to stand ready to execute possibly difficult transactions in the future and financial strength and stability of the broker. Subject to such policies as the Trustees may determine, the Sub-Adviser shall not be deemed to have acted unlawfully or to have breached any duty created by this Agreement or otherwise s...
SERVICES TO BE RENDERED BY SUB-ADVISER. (a) Subject always to the control of the trustees (the “Trustees”) of Pear Tree Funds, a Massachusetts business trust (the “Trust”), and the Manager, the Sub-Adviser, at its expense, will implement the investment program for Pear Tree Quality Fund (the “Fund”), a separate series of the Trust, furnished to the Sub-Adviser by the Manager as follows.
(1) The Manager shall designate for the Fund at least one registered open-end management investment company, as such terms are defined in the Investment Company Act of 1940, as amended (the “1940 Act”), as a target portfolio (the “Target Portfolio”) and promptly notify the Sub-Adviser of such designation. The Manager may, at any time change the Target Portfolio or designate one or more additional Target Portfolios, provided that (i) the Manager notifies the Sub-Adviser at least 30 days prior to the effective date of such change or designation and (ii) within five (5) business days of receiving such notification, the Adviser does not unreasonably object to the change or designation of such Target Portfolio. If the Manager identifies more than one Target Portfolio, the Manager also shall specify a range of percentages of the Fund’s “Net Assets” holdings that are to reflect the portfolio holdings of each Target Portfolio. For the purpose of this Agreement, Net Assets of the Fund means the aggregate value of all of the assets of the Fund less the aggregate value of all of the liabilities of the Fund, and business day means any day that the Fund is open for regular business.
(2) The Manager will be responsible for designating what portion of the assets of the Fund shall be held in securities (the “Securities Portion”) and what portion, if any, of the assets of the Fund shall be held in cash or short-term investments, including money market funds (the “Cash Portion”). Under normal circumstances, the Manager may alter such proportions upon three (3) business days written notice to the Sub-Adviser. The advance notice requirement is waived under extraordinary circumstances such as when the Manager directs the Sub-Adviser to take a temporary defensive strategy or for liquidity purposes.
(3) In order to manage the Securities Portion, the Manager will provide to Sub-Adviser the portfolio holdings of the Target Portfolio, other than that portion of the Target Portfolio that is designated as cash or “short-term investments,” as reflected in the Target Portfolio’s most recent Certified Shareholders’ Report on Form N-CSR or Quar...
SERVICES TO BE RENDERED BY SUB-ADVISER. (a) Subject always to the control of the Manager and the Trustees of the Trust and to such policies as the Trustees may determine, the Sub-Adviser agrees, at its expense, to assist the Manager with furnishing continuously an investment program for the Fund, pursuant to which the Sub-Adviser will be responsible for making investment decisions in respect of such portion of the Fund’s assets and placing orders for the purchase and sale of such portion of the Fund’s portfolio securities, in each case as the Manager may request from time to time.
(b) In the performance of its duties as sub-adviser to the Fund, the Sub-Adviser will comply with the provisions of the Amended and Restated Agreement and Declaration of Trust (the “Declaration”) and By-laws of the Trust, the Fund’s stated investment objective, policies and restrictions, and applicable
SERVICES TO BE RENDERED BY SUB-ADVISER