The Texas Investment Management Agreement between Fund, Asia Management, and CICAM is a legally binding contract that outlines the terms and conditions for the management of investment funds in the state of Texas. This agreement governs the relationship between the fund, which is the entity providing the investment capital, Asia Management, the investment management company responsible for managing the funds, and CICAM, the regulatory body overseeing the investment activities. The agreement encompasses a wide range of aspects related to the management of the investment funds. It includes provisions regarding the investment objectives and strategies, the roles and responsibilities of each party involved, and the fees and expenses associated with the management services provided. One type of Texas Investment Management Agreement is focused on mutual funds. Mutual funds pool money from various investors to invest in a diversified portfolio of securities such as stocks, bonds, and money market instruments. This type of agreement outlines the investment objectives, risk tolerance, and investment strategy for the mutual fund, including any restrictions on the types of investments that can be made. Another type of Texas Investment Management Agreement is specific to private equity funds. Private equity funds are investment vehicles that invest in privately-held companies with the aim of generating long-term capital appreciation. This agreement outlines the investment criteria, the capital commitment from investors, and the management fee structure for the private equity fund. Additionally, there may be Texas Investment Management Agreements for hedge funds, real estate investment trusts (Rests), and other types of investment funds, each tailored to the specific characteristics and objectives of those funds. The agreement also addresses the reporting and communication requirements between the parties. It specifies the frequency and content of performance reports, as well as the processes for reviewing and approving investment decisions. It may also include provisions for conducting audits and ensuring compliance with applicable laws and regulations. Furthermore, the agreement may establish the rights and obligations of the fund and the investment manager related to the termination of the agreement, including any penalties or fees that may apply. Overall, the Texas Investment Management Agreement between Fund, Asia Management, and CICAM is a crucial legal document that ensures transparency, clarity, and accountability in the management of investment funds. It sets out the framework for a successful partnership between the fund, investment manager, and regulatory body, ultimately aiming to achieve the investment objectives while adhering to industry standards and regulations.