New York Management Agreement between Prudential Tax-Managed Growth Fund and Prudential Investments Fund Management, LLC

• Category: Corporations - Public - Management
• State: Multi-State
• Control #: US-EG-9371
• Format: Word; Rich Text

Description

Management Agreement between Prudential Tax-Managed Growth Fund and Prudential Investments Fund Management, LLC regarding provision of investment advisory and administrative services dated 00/00. 8 pages. The New York Management Agreement between Prudential Tax-Managed Growth Fund (PT MGF) and Prudential Investments Fund Management, LLC (IFM), is a comprehensive contractual agreement that outlines the terms and conditions governing the management of the investment fund. This agreement is designed to protect the interests of both PT MGF and IFM, ensuring a harmonious and mutually beneficial relationship. One of the key aspects of the New York Management Agreement is the assignment of IFM as the investment advisor to PT MGF. As the investment advisor, IFM is responsible for making informed investment decisions on behalf of PT MGF, employing their expertise and knowledge of the market to maximize returns while managing risk. The agreement also outlines the fee structure, specifying the compensation IFM will receive for its services. This includes management fees, which are generally based on a percentage of PT MGF's total assets under management, as well as performance-based fees, which are linked to the fund's performance relative to predetermined benchmarks. To ensure transparency and accountability, the agreement establishes reporting requirements for IFM. This includes regular reports on the fund's financial performance, investment strategies, and any significant changes in the portfolio. These reports enable PT MGF to stay informed and make informed decisions regarding the management of their assets. Additionally, the New York Management Agreement covers various operational matters, such as confidentiality, compliance with regulatory requirements, and dispute resolution mechanisms. It sets forth the respective rights and obligations of both parties, ensuring a clear understanding of the expectations and responsibilities associated with managing PT MGF. It is worth noting that there are different types of management agreements that may exist between PT MGF and IFM, each tailored to specific investment strategies or funds offered by PT MGF. These may include agreements for different asset classes, such as equity funds, fixed income funds, or alternative investment funds. The specific terms and conditions within these agreements may vary, reflecting the unique characteristics and objectives of each fund. In conclusion, the New York Management Agreement between Prudential Tax-Managed Growth Fund and Prudential Investments Fund Management, LLC is a crucial document that establishes the framework for the management of PT MGF. Through this agreement, IFM assumes the role of investment advisor, responsible for making strategic investment decisions while adhering to the agreed-upon guidelines. The agreement also addresses various operational and administrative matters, promoting transparency and accountability.

The New York Management Agreement between Prudential Tax-Managed Growth Fund (PT MGF) and Prudential Investments Fund Management, LLC (IFM), is a comprehensive contractual agreement that outlines the terms and conditions governing the management of the investment fund. This agreement is designed to protect the interests of both PT MGF and IFM, ensuring a harmonious and mutually beneficial relationship. One of the key aspects of the New York Management Agreement is the assignment of IFM as the investment advisor to PT MGF. As the investment advisor, IFM is responsible for making informed investment decisions on behalf of PT MGF, employing their expertise and knowledge of the market to maximize returns while managing risk. The agreement also outlines the fee structure, specifying the compensation IFM will receive for its services. This includes management fees, which are generally based on a percentage of PT MGF's total assets under management, as well as performance-based fees, which are linked to the fund's performance relative to predetermined benchmarks. To ensure transparency and accountability, the agreement establishes reporting requirements for IFM. This includes regular reports on the fund's financial performance, investment strategies, and any significant changes in the portfolio. These reports enable PT MGF to stay informed and make informed decisions regarding the management of their assets. Additionally, the New York Management Agreement covers various operational matters, such as confidentiality, compliance with regulatory requirements, and dispute resolution mechanisms. It sets forth the respective rights and obligations of both parties, ensuring a clear understanding of the expectations and responsibilities associated with managing PT MGF. It is worth noting that there are different types of management agreements that may exist between PT MGF and IFM, each tailored to specific investment strategies or funds offered by PT MGF. These may include agreements for different asset classes, such as equity funds, fixed income funds, or alternative investment funds. The specific terms and conditions within these agreements may vary, reflecting the unique characteristics and objectives of each fund. In conclusion, the New York Management Agreement between Prudential Tax-Managed Growth Fund and Prudential Investments Fund Management, LLC is a crucial document that establishes the framework for the management of PT MGF. Through this agreement, IFM assumes the role of investment advisor, responsible for making strategic investment decisions while adhering to the agreed-upon guidelines. The agreement also addresses various operational and administrative matters, promoting transparency and accountability.