Examples of External Manager in a sentence
Notwithstanding the preceding sentence, an individual who is an employee, officer, director, equityholder, partner, member, or trustee of an External Manager and who spends one-third or more of his or her time, during a calendar year, managing the securities or assets owned, controlled, invested, or held by the External Manager is not a Placement Agent.
OCERS shall not enter into any agreement with an External Manager that does not agree in writing to comply with this Policy and provide the attached Placement Agent Disclosure Statement.
Rejecting any External Manager or Placement Agent that seeks to solicit new investments from OCERS for five (5) years after OCERS’ Consultant or Staff have learned that the External Manger or Placement Agent has committed a violation of this Policy; provided, however, that OCERS’ Board, by majority vote may reduce this prohibition upon a showing of good cause.
Confirming that the Placement Agent Disclosure Statement (included below) has been received prior to the completion of due diligence and any recommendation to proceed with the engagement of the External Manager or the decision to make any investment.
Please describe any and all compensation3 of any kind provided, or agreed to be provided, to the Placement Agent or to a third party at the behest of the Placement Agent, in connection with the Placement Agent’s work for the External Manager on the Proposed Investment or as a result of LACERA investing in the Proposed Investment.