Texas Management Agreement between Advisers Managers Trust and Neuberger and Berman Management Inc.

• Category: Corporations - Public - Restructuring
• State: Multi-State
• Control #: US-CC-7-628
• Format: Word; Rich Text

Description

This sample form, a detailed Management Agreement document, is a model for use in corporate matters. The language is easily adapted to fit your specific circumstances. Available in several standard formats.

The Texas Management Agreement between Advisers Managers Trust and Berger and Berman Management Inc. is a legally binding contract that outlines the terms and conditions governing the relationship between both parties involved in the management of financial assets and investments. This agreement sets forth the responsibilities, rights, obligations, and compensation arrangements for the management services rendered by Berger and Berman Management Inc. to Advisers Managers Trust. Under this agreement, Berger and Berman Management Inc. act as the designated asset manager for Advisers Managers Trust, overseeing and executing investment strategies and decisions. The agreement establishes the scope and nature of the services provided, including portfolio management, risk assessment, investment research, and reporting. Key provisions within the Texas Management Agreement may include: 1. Objectives and Investment Strategy: The agreement defines the investment objectives, risk tolerance, and financial goals set by Advisers Managers Trust. It outlines Berger and Berman Management Inc.'s role in designing suitable investment strategies aligned with these objectives. 2. Scope of Authority: This section details the authorization given to Berger and Berman Management Inc. to make investment decisions on behalf of Advisers Managers Trust. It outlines the limits, guidelines, and specific types of investments permitted, taking into consideration any legal and regulatory restrictions. 3. Reporting and Disclosures: The agreement stipulates the frequency and format of reporting, including performance reports, portfolio valuations, and transaction statements, to keep Advisers Managers Trust informed of the status and progress of its portfolio. 4. Compensation and Fees: This section covers the fee structure and payment terms for the management services rendered by Berger and Berman Management Inc. including any performance incentives or bonuses. 5. Termination: The agreement outlines circumstances and procedures for termination by either party, such as breach of contract or failure to meet obligations, as well as any associated penalties or exit provisions. Different types of Texas Management Agreements between Advisers Managers Trust and Berger and Berman Management Inc. may include: 1. General Management Agreement: This is the most common type of agreement, encompassing a comprehensive range of investment management services provided by Berger and Berman Management Inc. to Advisers Managers Trust. 2. Specific Investment Strategy Agreement: In some cases, a separate agreement may be established to focus on a specific investment strategy or asset class, such as equities, bonds, real estate, or alternative investments. This agreement outlines the unique terms and conditions related to the chosen investment strategy. 3. Sub-Advisory Agreement: If Berger and Berman Management Inc. engages other sub-advisors or delegates certain management functions to third parties, a sub-advisory agreement may be established to define the roles, responsibilities, and compensation arrangements between all parties involved. In summary, the Texas Management Agreement between Advisers Managers Trust and Berger and Berman Management Inc. is a vital document that ensures a clear understanding of the services provided, rights and obligations, and compensation arrangements between both parties involved in the management of financial assets.