Laserfiche WebLink
the Master Trust Fund for which the Investment Manger has responsibility for <br /> management, acquisition or disposition . <br /> C . Investment Manager Duties . Subject to the approval of the Master Trustees , each <br /> Investment Manager shall establish and carry out an investment policy and method for the <br /> portion of the Master Trust Fund for which it is responsible that is consistent with the objectives <br /> of the Investment Policy and the particular Plan or Plans with assets in the portion of the Master <br /> Trust Fund for which the Investment Manager has responsibility for management, acquisition or <br /> disposition . At least annually, the Investment Manager shall review its investment policy and <br /> method with the Master Trustees . The Investment Manager shall also make investments in a <br /> manner that is consistent with applicable law, and, as advised by the Administrator, the cash <br /> requirements of the Plans . <br /> Each Investment Manager shall no less than annually or at the request of the Master <br /> Trustees certify the value of any securities or other property of the Master Trust Fund managed <br /> by such Investment Manager. The Master Trustees shall be entitled to rely conclusively upon <br /> such valuation for all purposes under the trust for the Plans , <br /> D . Absence of Master Trustees ' Responsibility for Investment Manager. The Master <br /> Trustees shall not be liable for any act or omission of any Investment Manager and shall not be <br /> under any obligation to invest or otherwise manage the assets of the Master Trust Fund or of the <br /> Plans that are subject to the management of any Investment Manager. Without limiting the <br /> generality of the foregoing, the Master Trustees shall not be liable by reason of their taking or <br /> refraining from taking at the direction of any Investment Manager any action pursuant to this <br /> Section, or pursuant to a notification of an order to purchase or sell securities issued by any <br /> Investment Manager, nor shall the Master Trustees be liable by reason of their refraining from <br /> taking any action because of the failure of any Investment Manager to give such direction or <br /> orders the Master Trustees shall be under no duty to question or to make inquiries as to any <br /> direction or order or failure to give any direction or order by any Investment Manager ; the <br /> Master Trustees shall be under no duty to make any review of an investment acquired for any <br /> investment fund at the direction or order of any Investment Manager; and the Master Trustees <br /> shall be under no duty at any time to make any recommendation with respect to disposing of or <br /> continuing to retain any such investment . <br /> E. Investment of Chanters 175 and 185 Funds . To the extent the Master Trustees <br /> determine that delegation of investment authority to Participating Employers with a defined <br /> benefit plan or plans is required pursuant to Chapters 175 or 185 , Florida Statutes, then such <br /> powers as set forth in paragraph A of this Section shall be so delegated . <br /> F. Reporting . The Master Trustees shall be responsible for and shall cause to be <br /> filed such annual or periodic audits, valuations, reports and disclosures as are required by law or <br /> agreements . <br /> The Master Trustees may employ professional advisors to prepare such audits, <br /> valuations, reports and disclosures and the cost of such professional advisors shall be borne by <br /> the Master Trust Fund . <br /> 5 <br /> MADI_625405. 4 <br />