District of Columbia Investment Management Agreement between Fund, Asia Management and NICAM

• Category: Corporations - Public - Investment Companies and Real Estate Investment Trusts (REIT)
• State: Multi-State
• Control #: US-CC-11-121
• Format: Word; Rich Text

Description

This is an Investment Management Agreement, to be used across the United States. An Investment Management Agreement increases the fee to be paid by a mutual fund, to the investment manager. The District of Columbia Investment Management Agreement is a legal contract that establishes the terms and conditions of a partnership between a Fund (financial institution or investor), Asia Management (investment management firm), and CICAM (National Investment Commission of the District of Columbia). This agreement outlines the roles, responsibilities, and rights of each party involved in managing and investing funds within the District of Columbia. This agreement is designed to protect the interests of all parties involved and ensure transparency, accountability, and compliance with applicable laws and regulations. It sets forth the objectives and investment strategies of the Fund, which Asia Management and CICAM will endeavor to achieve. Under the District of Columbia Investment Management Agreement, the Fund entrusts Asia Management and CICAM with the management and oversight of its investment portfolio. Asia Management serves as the primary investment advisor, responsible for making investment decisions in accordance with the Fund's objectives and constraints. CICAM, as the governmental body overseeing investment activities within the District of Columbia, plays a crucial role in monitoring and ensuring compliance with regulatory frameworks. It provides guidance and support to Asia Management regarding investment policies and objectives. The agreement typically comprises several key components, including: 1. Investment Objectives and Guidelines: This section outlines the financial goals and risk tolerance of the Fund, along with the investment restrictions, asset allocation targets, and any ethical considerations to be respected during the investment process. 2. Governance and Reporting: This section defines the responsibilities, reporting obligations, and communication protocols among the Fund, Asia Management, and CICAM. It also specifies the frequency and content of performance reports, compliance reports, and other relevant documentation. 3. Fee Structure: The agreement stipulates the fees and compensation terms applicable to Asia Management and any other parties involved in managing the Fund's investments. These fees may include management fees, performance-based fees, or other agreed-upon arrangements. 4. Termination and Oversight: This component highlights the conditions and procedures for terminating the agreement, including notice periods and dispute resolution mechanisms. It may also address the right of the Fund to replace Asia Management with another investment manager, subject to certain conditions. Different types of District of Columbia Investment Management Agreements may exist based on the specific investment requirements, risk appetites, and contractual arrangements among the parties involved. Examples may include: 1. Passive Management Agreement: This type of agreement may be suitable for low-risk investment strategies, wherein the Fund delegates the investment decision-making process to Asia Management based on pre-determined guidelines and benchmarks. 2. Active Management Agreement: In this scenario, Asia Management has greater flexibility to pursue a more dynamic investment approach, making tactical decisions to exploit market opportunities. This type of agreement may involve higher fees due to the additional expertise and resources required. 3. Ethical/ESG-focused Agreement: Some Funds may require Asia Management to consider environmental, social, and governance factors while making investment decisions. This agreement would outline the specific ESG criteria and reporting obligations necessary to align with the Fund's values. Overall, the District of Columbia Investment Management Agreement aims to establish a collaborative and mutually beneficial partnership between the Fund, Asia Management, and CICAM. It ensures prudent management of the Fund's assets, adherence to regulatory frameworks, and the pursuit of financial goals within the District of Columbia.

The District of Columbia Investment Management Agreement is a legal contract that establishes the terms and conditions of a partnership between a Fund (financial institution or investor), Asia Management (investment management firm), and CICAM (National Investment Commission of the District of Columbia). This agreement outlines the roles, responsibilities, and rights of each party involved in managing and investing funds within the District of Columbia. This agreement is designed to protect the interests of all parties involved and ensure transparency, accountability, and compliance with applicable laws and regulations. It sets forth the objectives and investment strategies of the Fund, which Asia Management and CICAM will endeavor to achieve. Under the District of Columbia Investment Management Agreement, the Fund entrusts Asia Management and CICAM with the management and oversight of its investment portfolio. Asia Management serves as the primary investment advisor, responsible for making investment decisions in accordance with the Fund's objectives and constraints. CICAM, as the governmental body overseeing investment activities within the District of Columbia, plays a crucial role in monitoring and ensuring compliance with regulatory frameworks. It provides guidance and support to Asia Management regarding investment policies and objectives. The agreement typically comprises several key components, including: 1. Investment Objectives and Guidelines: This section outlines the financial goals and risk tolerance of the Fund, along with the investment restrictions, asset allocation targets, and any ethical considerations to be respected during the investment process. 2. Governance and Reporting: This section defines the responsibilities, reporting obligations, and communication protocols among the Fund, Asia Management, and CICAM. It also specifies the frequency and content of performance reports, compliance reports, and other relevant documentation. 3. Fee Structure: The agreement stipulates the fees and compensation terms applicable to Asia Management and any other parties involved in managing the Fund's investments. These fees may include management fees, performance-based fees, or other agreed-upon arrangements. 4. Termination and Oversight: This component highlights the conditions and procedures for terminating the agreement, including notice periods and dispute resolution mechanisms. It may also address the right of the Fund to replace Asia Management with another investment manager, subject to certain conditions. Different types of District of Columbia Investment Management Agreements may exist based on the specific investment requirements, risk appetites, and contractual arrangements among the parties involved. Examples may include: 1. Passive Management Agreement: This type of agreement may be suitable for low-risk investment strategies, wherein the Fund delegates the investment decision-making process to Asia Management based on pre-determined guidelines and benchmarks. 2. Active Management Agreement: In this scenario, Asia Management has greater flexibility to pursue a more dynamic investment approach, making tactical decisions to exploit market opportunities. This type of agreement may involve higher fees due to the additional expertise and resources required. 3. Ethical/ESG-focused Agreement: Some Funds may require Asia Management to consider environmental, social, and governance factors while making investment decisions. This agreement would outline the specific ESG criteria and reporting obligations necessary to align with the Fund's values. Overall, the District of Columbia Investment Management Agreement aims to establish a collaborative and mutually beneficial partnership between the Fund, Asia Management, and CICAM. It ensures prudent management of the Fund's assets, adherence to regulatory frameworks, and the pursuit of financial goals within the District of Columbia.