Off-Exchange Transactions. Transactions in off-exchange warrants may involve greater risk than dealing in exchange traded warrants because there is no exchange market through which to liquidate the Investment Adviser’s position or to assess the value of the warrant or the exposure to risk. Bid and offer prices need not be quoted, and even where they are, they will be established by dealers in these instruments and consequently it may be difficult to establish what a fair price is. The Investment Adviser should only permit the Local Manager in the Investment Guidelines to invest a Portfolio in off-exchange warrants if the Investment Adviser is fully aware of the risks involved.
Appears in 20 contracts
Samples: Sub Advisory Agreement (Universal Institutional Funds Inc), Sub Advisory Agreement (Morgan Stanley Institutional Fund Inc), Sub Advisory Agreement (Morgan Stanley Institutional Fund Inc)
Off-Exchange Transactions. Transactions in off-exchange warrants may involve greater risk than dealing in exchange traded warrants because there is no exchange market through which to liquidate the Investment Adviser’s position or to assess the value of the warrant or the exposure to risk. Bid and offer prices need not be quoted, and even where they are, they will be established by dealers in these instruments and consequently it may be difficult to establish what a fair price is. The Investment Adviser should only permit the Local Manager in the Investment Guidelines to invest a Portfolio Fund in off-exchange warrants if the Investment Adviser is fully aware of the risks involved.
Appears in 9 contracts
Samples: Sub Advisory Agreement (Morgan Stanley Global Long/Short Fund A), Sub Advisory Agreement (Morgan Stanley European Equity Fund Inc.), Sub Advisory Agreement (Alternative Investment Partners Absolute Return Fund)
Off-Exchange Transactions. Transactions in off-exchange warrants may involve greater risk than dealing in exchange traded warrants because there is no exchange market through which to liquidate the Investment Adviser’s position or to assess the value of the warrant or the exposure to risk. Bid and offer prices need not be quoted, and even where they are, they will be established by dealers in these instruments and consequently it may be difficult to establish what a fair price is. The Investment Adviser should only permit the Local Manager in the Investment Guidelines to invest a Portfolio Fund in off-exchange warrants if the Investment Adviser is fully aware of the risks involved.
Appears in 6 contracts
Samples: Sub Advisory Agreement (Morgan Stanley FX Series Funds), Sub Advisory Agreement (Morgan Stanley Health Sciences Trust), Sub Advisory Agreement (Morgan Stanley International Value Equity Fund)
Off-Exchange Transactions. Transactions in off-exchange warrants may involve greater risk than dealing in exchange traded warrants because there is no exchange market through which to liquidate the Investment AdviserManager’s position or to assess the value of the warrant or the exposure to risk. Bid and offer prices need not be quoted, and even where they are, they will be established by dealers in these instruments and consequently it may be difficult to establish what a fair price is. The Investment Adviser Manager should only permit the Local Manager MSIM in the Investment Guidelines to invest a Portfolio the Fund in off-exchange warrants if the Investment Adviser Manager is fully aware of the risks involved.
Appears in 5 contracts
Samples: Sub Advisory Agreement (Morgan Stanley Health Sciences Trust), Sub Advisory Agreement (Morgan Stanley Global Infrastructure Fund), Sub Advisory Agreement (Morgan Stanley Select Dimensions Investment Series)
Off-Exchange Transactions. Transactions in off-exchange warrants may involve greater risk than dealing in exchange traded warrants because there is no exchange market through which to liquidate the Investment Adviser’s Manager's position or to assess the value of the warrant or the exposure to risk. Bid and offer prices need not be quoted, and even where they are, they will be established by dealers in these instruments and consequently it may be difficult to establish what a fair price is. The Investment Adviser Manager should only permit the Local Manager MSIM in the Investment Guidelines to invest a Portfolio the Fund in off-exchange warrants if the Investment Adviser Manager is fully aware of the risks involved.
Appears in 3 contracts
Samples: Sub Advisory Agreement (Morgan Stanley Series Funds), Sub Advisory Agreement (Morgan Stanley Series Funds), Sub Advisory Agreement (Morgan Stanley Global Infrastructure Fund)
Off-Exchange Transactions. Transactions in off-exchange warrants may involve greater risk than dealing in exchange traded warrants because there is no exchange market through which to liquidate the Investment Adviser’s position or to assess the value of the warrant or the exposure to risk. Bid and offer prices need not be quoted, and even where they are, they will be established by dealers in these instruments and consequently it may be difficult to establish what a fair price is. The Investment Adviser should only permit the Local Manager MSIM in the Investment Guidelines to invest a Portfolio Fund in off-exchange warrants if the Investment Adviser is fully aware of the risks involved.
Appears in 3 contracts
Samples: Sub Advisory Agreement (Voya INVESTORS TRUST), Sub Advisory Agreement (Voya INVESTORS TRUST), Sub Advisory Agreement (Morgan Stanley Natural Resource Development Sec)
Off-Exchange Transactions. Transactions in off-exchange warrants may involve greater risk than dealing in exchange traded warrants because there is no exchange market through which to liquidate the Investment Adviser’s position or to assess the value of the warrant or the exposure to risk. Bid and offer prices need not be quoted, and even where they are, they will be established by dealers in these instruments and consequently it may be difficult to establish what a fair price is. The Investment Adviser should only permit the Local Manager MSIM in the Investment Guidelines to invest a Portfolio the Fund in off-exchange warrants if the Investment Adviser is fully aware of the risks involved.
Appears in 2 contracts
Samples: Sub Advisory Agreement (Morgan Stanley Series Funds), Sub Advisory Agreement (Morgan Stanley Series Funds)
Off-Exchange Transactions. Transactions in off-exchange warrants may involve greater risk than dealing in exchange traded warrants because there is no exchange market through which to liquidate the Investment Adviser’s 's position or to assess the value of the warrant or the exposure to risk. Bid and offer prices need not be quoted, and even where they are, they will be established by dealers in these instruments and consequently it may be difficult to establish what a fair price is. The Investment Adviser should only permit the Local Manager in the Investment Guidelines to invest a Portfolio the Fund in off-exchange warrants if the Investment Adviser is fully aware of the risks involved.
Appears in 2 contracts
Samples: Sub Advisory Agreement (Morgan Stanley Emerging Markets Fund Inc), Sub Advisory Agreement (Latin American Discovery Fund, Inc.)
Off-Exchange Transactions. Transactions in off-exchange warrants may involve greater risk than dealing in exchange traded warrants because there is no exchange market through which to liquidate the Investment AdviserManager’s position or to assess the value of the warrant or the exposure to risk. Bid and offer prices need not be quoted, and even where they are, they will be established by dealers in these instruments and consequently it may be difficult to establish what a fair price is. The Investment Adviser Manager should only permit the Local Manager in the Investment Guidelines to invest a Portfolio the Fund in off-exchange warrants if the Investment Adviser Manager is fully aware of the risks involved.
Appears in 1 contract
Samples: Sub Advisory Agreement (Morgan Stanley Series Funds)
Off-Exchange Transactions. Transactions in off-exchange warrants may involve greater risk than dealing in exchange traded warrants because there is no exchange market through which to liquidate the Investment Adviser’s position or to assess the value of the warrant or the exposure to risk. Bid and offer prices need not be quoted, and even where they are, they will be established by dealers in these instruments and consequently it may be difficult to establish what a fair price is. The Investment Adviser should only permit the Local Manager in the Investment Guidelines to invest a Portfolio the Fund in off-exchange warrants if the Investment Adviser is fully aware of the risks involved.
Appears in 1 contract
Samples: Sub Advisory Agreement (Morgan Stanley Series Funds)
