Portfolio Implementation Clause Samples
Portfolio Implementation i. In order to implement Advisor’s investment advice with respect to Clients and Client Accounts, including Advisor’s selection of Model Portfolios or custom models or portfolios for Client Accounts, Altruist (as agent of Advisor) generally has exclusive authority to buy, sell (including short sales), trade, exchange, convert, spread, hold, or otherwise effect transactions for and with respect to Investments, all at such times, in such amounts, and at such prices as Advisor or Altruist, in its sole and absolute discretion, may determine.
ii. Advisor shall appoint Altruist as Advisor’s attorney-in-fact to negotiate, execute, deliver, and enter into such brokerage, give-up, exchange-for-physical, and such other agreements, instruments, and authorizations on behalf of the Clients on such terms and conditions as Altruist, acting in its sole and absolute discretion, deems necessary or appropriate.
Portfolio Implementation. The firm’s Portfolio Implementation team is responsible for administering ▇▇▇▇▇▇ ▇▇▇▇▇’▇ investment decisions into the structure of portfolios in line with client mandate guidelines and restrictions. The firm’s Investment Management Committee (IMC), which comprises senior management of the firm and the most senior members of the investment team, reviews portfolio performance and the dispersion of similarly mandated portfolios. For the avoidance of doubt portfolios can and do differ between clients, notwithstanding similar strategies. Reasons for such differences include, but are not limited to, the starting date of the mandate and existing portfolio composition, differences between client guidelines and restrictions, client structure, portfolio liquidity, frequency of cash flows, the size of the mandate in question and appropriateness for a particular portfolio, taking into account appropriate portfolio diversification.