Appointment of Portfolio Manager Sample Clauses

The Appointment of Portfolio Manager clause formally designates a specific individual or firm to manage an investment portfolio on behalf of the client. This clause typically outlines the scope of the manager’s authority, such as making investment decisions, executing trades, and handling administrative tasks related to the portfolio. By clearly defining who is responsible for managing the assets and the extent of their powers, this clause ensures clarity in the relationship and helps prevent disputes over decision-making authority.
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Appointment of Portfolio Manager. The Trust hereby retains Portfolio Manager to provide the investment services set forth herein and Portfolio Manager agrees to accept such appointment. In carrying out its responsibilities under this Agreement, the Portfolio Manager shall at all times act in accordance with the investment objectives, policies and restrictions applicable to the Portfolio as set forth in the then current Registration Statement of the Trust delivered by the Trust to the Portfolio Manager, applicable provisions of the Investment Company Act and the rules and regulations promulgated under the Investment Company Act and other applicable federal securities laws.
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Appointment of Portfolio Manager. The Trust hereby retains Portfolio Manager to provide the investment services set forth herein and Portfolio Manager agrees to accept such appointment. The Portfolio Manager will treat the Trust as a professional client under the FCA Rules and accord the Trust the relevant protections associated with this classification. In carrying out its responsibilities under this Agreement, the Portfolio Manager shall at all times act in accordance with the investment objectives, policies and restrictions applicable to the Portfolio as set forth in the then current Registration Statement of the Trust, applicable provisions of the Investment Company Act and the rules and regulations promulgated under the Investment Company Act and other applicable federal securities laws. To enable the Portfolio Manager to comply with its obligations the Trust will provide the Portfolio Manager with the current Registration Statement in force from time to time.
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Appointment of Portfolio Manager. (a) The Trust hereby retains Portfolio Manager to provide the investment services set forth herein and Portfolio Manager agrees to accept such appointment. In carrying out its responsibilities under this Agreement, the Portfolio Manager shall at all times act in accordance with the investment objectives, policies and restrictions applicable to the Portfolio as set forth in the then current Registration Statement of the Trust, applicable provisions of the Investment Company Act and the rules and regulations promulgated under that Act and other applicable federal securities laws. (b) The Trust further agrees that it will provide to Portfolio Manager a copy of the agreement between the Trust=s custodian bank and the Trust and will take such actions as may be necessary to assure that such custodian bank will accept instruction from the Portfolio Manager with respect to that portion of the assets of the Portfolio ("Account") that may, from time to time be allocated to it by the Trust's Board of Trustees.
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Appointment of Portfolio Manager a) The Trust hereby appoints the Portfolio Manager to act as manager and investment advisor to the Funds for the period and on the terms herein set forth. The Portfolio Manager accepts such appointment and agrees to render the services herein set forth, for the compensation herein provided.
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Appointment of Portfolio Manager. 2.1 The Client does hereby entrust the Portfolio Manager and the Portfolio Manager do hereby accept the assignment to act as Client‟s “Portfolio Manager” on Discretionary basis on the terms and conditions as stated in the agreement. 2.2 The Client hereby appoints “Portfolio Manager” as its attorney for the term of this agreement and for the purpose of carrying out in the name and on behalf of the Client the functions as contemplated by this agreement & undertakes to ratify & confirm all that “Portfolio Manager” shall lawfully and beneficially do pursuant to this agreement. The Client agrees to execute from time to time one or more power of attorneys in such form and content as required by the Portfolio Manager and / or to do such other acts or things as are necessary for the purpose of this agreement. 2.3 In the case of the discretionary portfolio, the Portfolio Manager has the full authority for the selection, acquisition, & disposal of the investments as per his sole discretion. 2.4 The Portfolio Manager shall act in a fiduciary capacity and as a trustee and as an agent of the Client‟s account.
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Appointment of Portfolio Manager. 2.1 Pursuant to valid and proper authority and in accordance with Applicable Laws, the Client hereby appoints, entirely at his/her/its own risk, the Portfolio Manager to provide Services for and in respect of the Assets in accordance with the provisions of this Agreement and the Regulations. 2.2 The Portfolio Manager shall have complete discretion in managing the Assets and the decision and discretion of the Portfolio Manager for the purposes of making any investments, disinvestments or any other matter as above shall be final and binding.
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Appointment of Portfolio Manager. The Client hereby appoints KRCSSPL (PMS) DIVISION as Portfolio Manager for PMS Services under below mention Portfolio Management services i.e A. Non-Discretionary Portfolio Management (NDPM) • Under these service, KRCSSPL (PMS) Division as portfolio manager executes transactions in securities as per the discretion and instructions of the client and in terms of PMS agreement. The Portfolio Manager’s role is limited to providing research, investment advice and trade execution facility to the client. KRCSSPL (PMS) Division shall execute orders as per the mandate received from the client. B. Discretionary Portfolio Management (DPM) • Under these service, The Client appoints and authorizes KRCSSPL (PMS) DIVISION as a Portfolio Manager with absolute and unfettered discretion under the terms of this agreement, to act as his/its agent interalia, for the purpose of managing the funds by investing it in capital/money market instruments as KRCSSPL (PMS) DIVISION may deem fit from time to time including in those enumerated in Annexure 1A hereto and to hold all or any of such investments in the name of KRCSSPL (PMS) DIVISION on behalf of the Client including any undivided interest/share in one or more mutual funds units and/or capital/money market investments. • It is further agreed that KRCSSPL (PMS) DIVISION, at its sole discretion has the right to purchase, acquire, obtain, take, hold, sell, transfer, substitute or change all or any of the investments in any securities including shares, stock, bonds, debenture, mutual funds units made on behalf of the Client in pursuance of this Agreement and the Client further agrees that he/it shall be deemed to have approved/ratified any such actions and deeds mentioned above. 1. KRCSSPL (PMS) DIVISION shall be authorized to execute in the name and on behalf of the Client, all necessary deeds, documents writings, forms, applications, as may be necessary to be filed with any company, organization, institution, government body or department in any manner relating to the management of the investment and to take all necessary actions to enable KRCSSPL (PMS) DIVISION to effectively exercise the authority conferred in hereto and for any incidental and consequential actions. The Client shall from time to time execute such further authorization and writings as may be required by KRCSSPL (PMS) DIVISION for effectively exercising its functions under this Agreement. KRCSSPL (PMS) DIVISION shall not change any terms of the agreement without ...
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Appointment of Portfolio Manager. By initialing this box, IAR will help Client identify and match a Portfolio Manager to the personal and financial data provided by the Client. The selection of the Portfolio Manager is made solely by the Client. The Portfolio Manager will invest the Account(s) on a discretionary basis. Neither the IAR nor NCS will make any recommendations or provide individualized investment advice regarding specific investments or have any authority to make investments in the Account(s). Neither the IAR nor NCS will supervise or otherwise oversee the Portfolio Manager. Client hereby authorizes the Portfolio Manager designated on the signature page to invest and reinvest, on a discretionary basis without contacting Client for prior approval, securities and/or cash that Client may from time to time deposit in the Account(s) and to act for the Client in all matters necessary or incidental to such investments. Having reviewed all applicable materials and considered the objectives, styles and risks described therein, the Client selects the Portfolio Manager designated on the signature page. Client must contact IAR if Client wishes to replace the Portfolio Manager. Account statements will be provided directly by the insurance company, Financial Institution or Mutual Funds in accordance with the terms of the agreement with the Insurance Company, Mutual Fund or Financial Institution). Neither NCS, IAR nor any of their affiliates will be the custodian of the Monitored Account(s).
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Appointment of Portfolio Manager 
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Related to Appointment of Portfolio Manager

  • Duties of Portfolio Manager (a) Portfolio Manager shall provide a continuous program of investment management for that portion of the assets of the Portfolio (“Account”) that may, from time to time be allocated to it by, or under the supervision of, the Trust’s Board of Trustees, as indicated in writing by an authorized officer of the Trust. It is understood that the Account may consist of all, a portion of or none of the assets of the Portfolio, and that the Board of Trustees and/or HC Capital Solutions (a division of ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇ & Co., LLC), the Trust’s investment adviser, has the right to allocate and reallocate such assets to the Account at any time, and from time to time, upon such notice to the Portfolio Manager as may be reasonably necessary, in the view of the Trust, to ensure orderly management of the Account or the Portfolio. The Portfolio Manager’s responsibility for providing portfolio management services to the Portfolio shall be limited to the Account. (b) Subject to the general supervision of the Trust’s Board of Trustees, Portfolio Manager shall have sole investment discretion with respect to the Account, including investment research, selection of the securities to be purchased and sold and the portion of the Account, if any, that shall be held uninvested, and the selection of brokers and dealers through which securities transactions in the Account shall be executed. The Portfolio Manager shall not consult with any other portfolio manager of the Portfolio concerning transactions for the Portfolio in securities or other assets. Specifically, and without limiting the generality of the foregoing, Portfolio Manager agrees that it will: (i) advise the Portfolio’s designated custodian bank and administrator or accounting agent on each business day of each purchase and sale, as the case may be, made on behalf of the Account, specifying the name and quantity of the security purchased or sold, the unit and aggregate purchase or sale price, commission paid, the market on which the transaction was effected, the trade date, the settlement date, the identity of the effecting broker or dealer and/or such other information, and in such manner, as may from time to time be reasonably requested by the Trust; (ii) maintain all applicable books and records with respect to the securities transactions of the Account. Specifically, Portfolio Manager agrees to maintain with respect to the Account those records required to be maintained under Rule 31a-1(b)(1), (b)(5) and (b)(6) under the Investment Company Act with respect to transactions in the Account including, without limitation, records which reflect securities purchased or sold in the Account, showing for each such transaction, the name and quantity of securities, the unit and aggregate purchase or sale price, commission paid, the market on which the transaction was effected, the trade date, the settlement date, and the identity of the effecting broker or dealer. Portfolio Manager will preserve such records in the manner and for the periods prescribed by Rule 31a-2 under the Investment Company Act. Portfolio Manager acknowledges and agrees that all records it maintains for the Trust are the property of the Trust, and Portfolio Manager will surrender promptly to the Trust any such records upon the Trust’s request. The Trust agrees, however, that Portfolio Manager may retain copies of those records that are required to be maintained by Portfolio Manager under federal or state regulations to which it may be subject or are reasonably necessary for purposes of conducting its business or comply with its internal recordkeeping policies; (iii) provide, in a timely manner, such information as may be reasonably requested by the Trust or its designated agents in connection with, among other things, the daily computation of the Portfolio’s net asset value and net income, preparation of proxy statements or amendments to the Trust’s registration statement and monitoring investments made in the Account to ensure compliance with the various limitations on investments applicable to the Portfolio and to ensure that the Portfolio will continue to qualify for the special tax treatment accorded to regulated investment companies under Subchapter M of the Internal Revenue Code of 1986, as amended (“Code”); (iv) render regular reports to the Trust concerning the performance of Portfolio Manager of its responsibilities under this Agreement. In particular, Portfolio Manager agrees that it will, at the reasonable request of the Board of Trustees, attend meetings of the Board or its validly constituted committees and will, in addition, make its officers and employees available to meet with the officers and employees of the Trust at least quarterly and at other times upon reasonable notice, to review the investments and investment program of the Account.

  • Status of Portfolio Manager The Trust and Portfolio Manager acknowledge and agree that the relationship between Portfolio Manager and the Trust is that of an independent contractor and under no circumstances shall any employee of Portfolio Manager be deemed an employee of the Trust or any other organization that the Trust may, from time to time, engage to provide services to the Trust, its Portfolios or its shareholders. The parties also acknowledge and agree that nothing in this Agreement shall be construed to restrict the right of Portfolio Manager or its affiliates to perform investment management or other services to any person or entity, including without limitation, other investment companies and persons who may retain Portfolio Manager to provide investment management services and the performance of such services shall not be deemed to violate or give rise to any duty or obligations to the Trust.

  • PAYMENT OF PORTFOLIO MONIES Upon receipt of Proper Instructions, which may be continuing instructions when deemed appropriate by the parties, the Custodian shall pay out, or direct the respective Foreign Sub-Custodian or the respective Foreign Securities System to pay out, monies of a Portfolio in the following cases only: (i) Upon the purchase of foreign securities for the Portfolio, unless otherwise directed by Proper Instructions, by (A) delivering money to the seller thereof or to a dealer therefor (or an agent for such seller or dealer) against expectation of receiving later delivery of such foreign securities; or (B) in the case of a purchase effected through a Foreign Securities System, in accordance with the rules governing the operation of such Foreign Securities System; (ii) In connection with the conversion, exchange or surrender of foreign securities of the Portfolio; (iii) For the payment of any expense or liability of the Portfolio, including but not limited to the following payments: interest, taxes, investment advisory fees, transfer agency fees, fees under this Agreement, legal fees, accounting fees, and other operating expenses; (iv) For the purchase or sale of foreign exchange or foreign exchange contracts for the Portfolio, including transactions executed with or through the Custodian or its Foreign Sub-Custodians; (v) In connection with trading in options and futures contracts, including delivery as original margin and variation margin; (vi) Upon the purchase of foreign investments including, without limitation, repurchase agreement transactions involving delivery of Portfolio monies to Repo Custodian(s), as a Free Trade, provided that applicable Proper Instructions shall set forth (A) the amount of such payment and (B) the person or persons to whom payment shall be made; (vii) For payment of part or all of the dividends received in respect of securities sold short; (viii) In connection with the borrowing or lending of foreign securities; and (ix) For any other purpose, but only upon receipt of Proper Instructions specifying (A) the amount of such payment and (B) the person or persons to whom such payment is to be made.