South Carolina 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 South Carolina Investment Management Agreement between Fund, Asia Management, and CICAM is a legal document that sets forth the terms and conditions governing the investment management relationship between the Fund and CICAM, an investment management firm based in Asia. This agreement outlines the rights and responsibilities of both parties and serves as a comprehensive framework for their collaboration in managing the Fund's investment portfolio. Key terms and provisions included in the South Carolina Investment Management Agreement may encompass: 1. Parties: The agreement clearly identifies the Fund as the client and CICAM as the investment manager. It establishes their roles, obligations, and authority within the investment management relationship. 2. Objectives: The agreement outlines the Fund's investment objectives, such as capital preservation, growth, or income generation. It reflects the strategic goals that the investment manager will strive to achieve on behalf of the Fund. 3. Investment Guidelines: This section specifies the investment strategy, asset allocation, and permissible investment instruments that the investment manager may employ. It ensures that the investment manager operates within specified boundaries to align with the Fund's risk tolerance, liquidity needs, and overall investment objectives. 4. Performance Measurement: The agreement details how the investment manager's performance and the Fund's investment portfolio will be measured, monitored, and reported. It may include various performance benchmarks against which the investment manager's success will be evaluated. 5. Compensation and Fees: The agreement defines the basis for the investment manager's compensation, which is generally structured as a percentage of the Fund's assets under management (AUM). It also outlines any additional fees or expenses that the Fund may incur. The fee structure can vary depending on the specific type of agreement. 6. Termination: This section outlines the conditions under which either party may terminate the agreement, including notice requirements, penalties, and potential damages. It ensures that both parties have a clearly defined exit pathway if the need arises. Different types of South Carolina Investment Management Agreements between the Fund, Asia Management, and CICAM may include: 1. General Investment Management Agreement: This is the overarching agreement that covers the standard investment management services provided by CICAM to the Fund. 2. Discretionary Investment Management Agreement: This type of agreement grants CICAM the authority to make investment decisions on behalf of the Fund without requiring explicit consent for each trade or action. 3. Non-Discretionary Investment Management Agreement: In this scenario, the Fund retains ultimate decision-making authority over its investments, seeking CICAM's advice and recommendations as a consultant rather than granting full discretion. 4. Fixed-Term Investment Management Agreement: This agreement has a predetermined expiration date, at which point the parties can renegotiate the terms or terminate the agreement. 5. Evergreen Investment Management Agreement: This agreement automatically renews for certain periods, typically one year, unless one party provides a notice of termination. These variations allow the Fund, Asia Management, and CICAM flexibility in structuring their investment management relationship based on their specific needs, preferences, and investment strategies.

The South Carolina Investment Management Agreement between Fund, Asia Management, and CICAM is a legal document that sets forth the terms and conditions governing the investment management relationship between the Fund and CICAM, an investment management firm based in Asia. This agreement outlines the rights and responsibilities of both parties and serves as a comprehensive framework for their collaboration in managing the Fund's investment portfolio. Key terms and provisions included in the South Carolina Investment Management Agreement may encompass: 1. Parties: The agreement clearly identifies the Fund as the client and CICAM as the investment manager. It establishes their roles, obligations, and authority within the investment management relationship. 2. Objectives: The agreement outlines the Fund's investment objectives, such as capital preservation, growth, or income generation. It reflects the strategic goals that the investment manager will strive to achieve on behalf of the Fund. 3. Investment Guidelines: This section specifies the investment strategy, asset allocation, and permissible investment instruments that the investment manager may employ. It ensures that the investment manager operates within specified boundaries to align with the Fund's risk tolerance, liquidity needs, and overall investment objectives. 4. Performance Measurement: The agreement details how the investment manager's performance and the Fund's investment portfolio will be measured, monitored, and reported. It may include various performance benchmarks against which the investment manager's success will be evaluated. 5. Compensation and Fees: The agreement defines the basis for the investment manager's compensation, which is generally structured as a percentage of the Fund's assets under management (AUM). It also outlines any additional fees or expenses that the Fund may incur. The fee structure can vary depending on the specific type of agreement. 6. Termination: This section outlines the conditions under which either party may terminate the agreement, including notice requirements, penalties, and potential damages. It ensures that both parties have a clearly defined exit pathway if the need arises. Different types of South Carolina Investment Management Agreements between the Fund, Asia Management, and CICAM may include: 1. General Investment Management Agreement: This is the overarching agreement that covers the standard investment management services provided by CICAM to the Fund. 2. Discretionary Investment Management Agreement: This type of agreement grants CICAM the authority to make investment decisions on behalf of the Fund without requiring explicit consent for each trade or action. 3. Non-Discretionary Investment Management Agreement: In this scenario, the Fund retains ultimate decision-making authority over its investments, seeking CICAM's advice and recommendations as a consultant rather than granting full discretion. 4. Fixed-Term Investment Management Agreement: This agreement has a predetermined expiration date, at which point the parties can renegotiate the terms or terminate the agreement. 5. Evergreen Investment Management Agreement: This agreement automatically renews for certain periods, typically one year, unless one party provides a notice of termination. These variations allow the Fund, Asia Management, and CICAM flexibility in structuring their investment management relationship based on their specific needs, preferences, and investment strategies.