The Kentucky Management Agreement between Advisers Managers Trust and Berger and Berman Management Inc. is a legally binding document that outlines the terms and conditions of the relationship between the two parties regarding the management of investments and assets. In this agreement, both Advisers Managers Trust and Berger and Berman Management Inc. agree to certain responsibilities and obligations in order to effectively manage and grow the assets entrusted to them. This agreement ensures a transparent and mutually beneficial partnership, protecting the interests and investments of both parties involved. Key elements included in the Kentucky Management Agreement may consist of: 1. Investment Objectives: The agreement will outline the specific investment objectives, such as capital preservation, income generation, or capital appreciation, that both parties are required to follow throughout the management period. 2. Scope of Management: This section will define the scope of assets and funds that will be managed by Berger and Berman Management Inc. on behalf of Advisers Managers Trust. It will also outline any investment restrictions or guidelines that need to be adhered to. 3. Fee Structure: The agreement will specify the compensation structure for Berger and Berman Management Inc.'s services, which could include management fees, performance-based fees, or any other charges related to the management of assets. 4. Reporting and Communication: Both parties will outline the frequency and format of reporting for the performance and financial position of the managed assets. This ensures transparency and enables effective communication between Advisers Managers Trust and Berger and Berman Management Inc. 5. Termination and Transition: This section will outline the circumstances under which either party may terminate the agreement, as well as the procedures for a smooth transition of management responsibilities if termination occurs. It's important to note that there can be different types of Kentucky Management Agreements between Advisers Managers Trust and Berger and Berman Management Inc., tailored to specific investment strategies, asset classes, or client requirements. These agreements could include: 1. Fixed Income Management Agreement 2. Equity Management Agreement 3. Multi-Asset Management Agreement 4. Alternative Investment Management Agreement Each type of agreement will have its unique provisions and considerations relevant to the specific asset class or investment strategy it pertains to. The choice of agreement would depend on the investment objectives and preferences of Advisers Managers Trust and Berger and Berman Management Inc.