Common use of Trade Allocation Policy Clause in Contracts

Trade Allocation Policy. The Manager may not aggregate sales and purchase orders of securities placed with respect to the Account with similar orders being made simultaneously for other accounts managed by the Manager. It is the policy of the Manager that investments may not be allocated to one client account over another based on any of the following considerations: (a) to favor one client account at the expense of another, (b) to generate higher fees paid by one client account over another or to produce greater performance compensation to the Manager, (c) to develop or enhance a relationship with a client or prospective client, (d) to compensate a client for past services or benefits rendered to the Manager or to induce future services or benefits to be rendered to the Manager, or (e) to manage or equalize investment performance among different client accounts.