The Arkansas Management Agreement between Advisers Managers Trust and Berger and Berman Management Inc. is a legally binding contract that outlines the terms and conditions of the management services provided by Berger and Berman Management Inc. to Advisers Managers Trust in the state of Arkansas. 1. Description: The Arkansas Management Agreement is a comprehensive document that defines the roles, responsibilities, and obligations of both parties involved in the management of investment funds and assets. It outlines the scope of the services provided by Berger and Berman Management Inc., including investment management, advisory services, and other related activities. The agreement emphasizes the fiduciary duty of Berger and Berman Management Inc. to act in the best interests of Advisers Managers Trust and their clients. It specifies the investment objectives, guidelines, and restrictions, as well as the risk tolerance and investment strategies to be employed. Furthermore, the agreement sets forth the compensation structure, including management fees, performance-based fees, or any other fee arrangement agreed upon by both parties. It also addresses the termination provisions, governing law, dispute resolution mechanisms, and confidentiality obligations. 2. Types of Arkansas Management Agreement: While the specific types of Arkansas Management Agreements between Advisers Managers Trust and Berger and Berman Management Inc. may vary depending on the specific needs and circumstances of each engagement, there are a few common types worth mentioning: a) Investment Management Agreement: This type of agreement primarily focuses on the delegation of discretionary investment authority to Berger and Berman Management Inc., giving them the power to make investment decisions on behalf of Advisers Managers Trust and manage their portfolios. b) Advisory Services Agreement: This agreement typically covers non-discretionary advisory services, where Berger and Berman Management Inc. provides recommendations and advice to Advisers Managers Trust regarding investment options, asset allocation, risk management, and other related matters. The final investment decisions in this case are made by Advisers Managers Trust. c) Fund Administration Agreement: In this type of agreement, Berger and Berman Management Inc. takes on administrative responsibilities for the investment funds managed by Advisers Managers Trust. This includes tasks such as accounting, reporting, compliance, legal and regulatory filings, and record-keeping. d) Performance-Based Fee Agreement: This agreement structure allows Berger and Berman Management Inc. to earn compensation based on the performance of the investment funds managed. The fees may be calculated as a percentage of profits or a share of the exceedable over a specified benchmark. These are just a few examples of the various types of Arkansas Management Agreements that can be established between Advisers Managers Trust and Berger and Berman Management Inc. The specific terms and provisions may differ based on the specific requirements and intentions of the parties involved. It is essential to consult legal professionals and review the agreement thoroughly before execution.