The Virginia Management Agreement between Advisers Managers Trust and Berger and Berman Management Inc. is a legal contract that outlines the specific terms and conditions under which Advisers Managers Trust (AMT) engages Berger and Berman Management Inc. (BMI) to provide various management and advisory services. The purpose of this agreement is to clearly define the roles, responsibilities, and expectations of both AMT and BMI in order to effectively manage and maximize the value of the assets held by AMT. It establishes a framework for the collaboration between the parties involved, ensuring a smooth and efficient management process. Key elements of the Virginia Management Agreement include: 1. Parties involved: The agreement specifies the names and contact details of both Advisers Managers Trust and Berger and Berman Management Inc., clearly outlining the parties involved in the agreement. 2. Scope of services: The agreement outlines the specific services that BMI will provide to AMT. These services typically include investment management, portfolio analysis, risk assessment, asset allocation, performance monitoring, and reporting. 3. Duties and responsibilities: The agreement defines the responsibilities of both AMT and BMI. It clarifies the fiduciary duty BMI owes to AMT, ensuring that all decisions made by BMI are in the best interests of AMT and aligned with its investment objectives. 4. Fees and compensation: The agreement details the compensation structure for BMI's services, including any management fees, performance-based fees, or other charges. It also includes provisions for potential reimbursement of expenses incurred by BMI in the course of managing AMT's assets. 5. Disclosure and reporting: The agreement stipulates the frequency and format of reports that BMI will provide to AMT. This includes information on investment performance, portfolio composition, risk analysis, and any other relevant data required for AMT's decision-making processes or regulatory compliance. 6. Duration and termination: The agreement specifies the duration of the engagement between AMT and BMI, including any renewal or termination provisions. It may outline circumstances under which either party can terminate the agreement, as well as the notice period required for such termination. It is important to note that there may be different types of Virginia Management Agreements between Advisers Managers Trust and Berger and Berman Management Inc., depending on the specific needs and requirements of AMT. These may include variations in the scope of services, fee structure, or other specific provisions tailored to the particular circumstances of the partnership. Overall, the Virginia Management Agreement between Advisers Managers Trust and Berger and Berman Management Inc. is a critical document that establishes the legal framework for the relationship between these entities, ensuring transparency, accountability, and effective management of assets.