EX-3
from PRE 14A
3 pages
1. Subject to the Supervision of the Fund’s Board of Managers (“Board”) and the Adviser, the Subadviser Will Provide a Continuous Investment Program for the Fund and Determine the Composition of the Assets of the Fund, Including Determination of the Purchase, Retention or Sale of the Securities or Instruments, Cash and Other Investments Contained in the Portfolio. the Subadviser Will Conduct Investment Research and Conduct a Continuous Program of Evaluation, Investment, Sales and Reinvestment of the Fund’s Assets by Determining the Securities and Other Investments That Shall Be Purchased, Entered Into, Sold, Closed or Exchanged for the Fund, When These Transactions Should Be Executed, and What Portion of the Fund Should Be Held in the Various Securities and Other Investments in Which It May Invest, and the Subadviser Is Hereby Authorized to Execute and Perform Such Services on Behalf of the Fund. the Subadviser Will Provide the Services Under This Agreement in Accordance With the Fund’s Investment Objective, Policies and Restrictions as Stated in the Fund’s Registration Statement Under the Investment Company Act of 1940 as Amended (The “Ica”) or the Fund’s Annual and Semi-Annual Reports to Shareholders, as Delivered to the Subadviser From Time to Time. the Subadviser Will Also Work With and Assist the Adviser With Any Administrative Functions That the Adviser Is Required to Perform Under the Investment Advisory Agreement
12/34/56
