The Massachusetts 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 relationship between the two entities. This agreement is specifically tailored to comply with the laws and regulations of the state of Massachusetts. It encompasses various aspects of the managing and advising services provided by Berger and Berman Management Inc. to Advisers Managers Trust. Key Elements of the Massachusetts Management Agreement: 1. Parties Involved: The agreement clearly identifies the participating parties, including Advisers Managers Trust and Berger and Berman Management Inc., establishing their legal obligations and responsibilities. 2. Scope of Services: The agreement details the specific services that Berger and Berman Management Inc. will provide to Advisers Managers Trust. This may involve investment management, advisory services, consulting, or any other mutually agreed-upon functions relating to the management and oversight of the trust's assets. 3. Investment Objectives: The agreement outlines the investment objectives and goals to be pursued by Berger and Berman Management Inc. on behalf of Advisers Managers Trust. This includes defining risk tolerance, desired returns, and specific investment strategies to be employed. 4. Compensation: The agreement addresses the compensation structure that will be paid to Berger and Berman Management Inc. for their services. This typically includes management fees, performance-based fees, and any other related expenses. 5. Duration and Termination: The agreement specifies the initial term of the engagement and the circumstances under which it may be terminated by either party. It may include provisions for notice periods, termination without cause, or termination for cause. Types of Massachusetts Management Agreements between Advisers Managers Trust and Berger and Berman Management Inc.: 1. General Management Agreement: This is the standard agreement that encompasses all the essential terms and conditions of the relationship between the two entities, as mentioned above. 2. Customized Management Agreement: In certain cases, the parties may create a customized agreement that includes additional clauses, provisions, or restrictions based on specific requirements or circumstances unique to the trust. Overall, the Massachusetts Management Agreement between Advisers Managers Trust and Berger and Berman Management Inc. provides a comprehensive framework for the delivery of investment management and advisory services while ensuring compliance with the legal and regulatory obligations imposed by the state of Massachusetts.