EX-99.(D)(24) 5 d645369dex99d24.htm FORM OF LETTER AGREEMENT TO THE INVESTMENT MANAGEMENT AGREEMENT Form of Letter Agreement to the Investment Management Agreement

LETTER AGREEMENT

SouthernSun Small Cap Fund

and SouthernSun U.S. Equity Fund

Investment Management Agreement

[            ], 2014

Managers Investment Group LLC

800 Connecticut Avenue

Norwalk, Connecticut 06854

Attn: Keitha L. Kinne, Chief Operating Officer

 

Re: Investment Management Agreement between Managers Investment Group LLC
   and Managers AMG Funds, dated as of October 19, 1999

Ladies and Gentlemen:

Pursuant to Section 1(b) of the Investment Management Agreement between Managers Investment Group LLC (f/k/a The Managers Funds LLC) (“Managers”) and Managers AMG Funds (the “Trust”), dated October 19, 1999, as amended from time to time (the “Investment Management Agreement”), the Trust hereby notifies you that it is establishing two new series to be named SouthernSun Small Cap Fund and SouthernSun U.S. Equity Fund (the “New Funds”), and that the Trust desires to retain Managers to provide management and investment advisory services with respect to the New Funds pursuant to the terms and conditions of the Investment Management Agreement. Attached as Appendix A is an addendum to Schedule A to the Investment Management Agreement.

Please acknowledge your agreement to provide the services contemplated by the Investment Management Agreement to the New Funds by executing this letter agreement in the space provided below and then returning it to the undersigned.

Sincerely,

Managers AMG Funds

 

By:  

 

  Name: Donald S. Rumery
 

Title: Treasurer, Chief Financial Officer, and

          Principal Financial Officer


ACKNOWLEDGED AND ACCEPTED
Managers Investment Group LLC
By:  

 

  Name: Keitha L. Kinne
  Title: Chief Operating Officer
  Date: [    ], 2014


Appendix A

ADDENDUM TO

SCHEDULE A

SouthernSun Small Cap Fund

Advisory Fees pursuant to Section 2(a)

The Trust shall pay to the Advisor an annual gross investment advisory fee equal to 0.85% of the average daily net assets of the SouthernSun Small Cap Fund. Such fee shall be accrued daily and paid as soon as practical after the last day of each calendar month.

Administration Fees Pursuant to Section 2(b)

None.

SouthernSun U.S. Equity Fund

Advisory Fees pursuant to Section 2(a)

The Trust shall pay to the Advisor an annual gross investment advisory fee equal to 0.85% of the average daily net assets of the SouthernSun U.S. Equity Fund. Such fee shall be accrued daily and paid as soon as practical after the last day of each calendar month.

Administration Fees Pursuant to Section 2(b)

None.