HedgeWorld USA TASS Investment Research Ltd. 401 Theodore Fremd Avenue 13-15 Carteret Street Rye, New York 10580 London, SW1H 9DJ Tel: (1) 914-921-7800 Tel: (44) 0207 222 0099 Fax: (1) 914-921-3361 Fax: (44) 0207 222 4499 Email: [email protected]Email: [email protected]Questionnaire History of Investment Management Firm Investment Management Firm Name Website Address http://www. Investment Management Firm Domicile Address City State Zip Code Country Contact Title Telephone Facsimil e Email Legal Structure Parent Company Year Founded % Owned by Employees document.doc ( 30/12/1999 16:19:00) Page 1 of 27
Transcript
HedgeWorld USA TASS Investment Research Ltd.401 Theodore Fremd Avenue 13-15 Carteret Street
If the Firm has responded Yes to any of the above four disciplinary or litigation questions, please explain
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Types of Products and Assets Under Management:Please complete all applicable items.Separate Accounts: How many?
Value?
Limited Partnerships (Name): Value (Please specify currency)
1.
2.
3.
4.
5.
6.
Offshore Funds (Name): Value (Please specify currency)
1.
2.
3.
4.
5.
6.
Mutual Funds (Name): Value (Please specify currency)
1.
2.
Insurance Funds (Name): Value (Please specify currency)
1.
2.
Other Assets: Value (Please specify currency)
Total Assets Under Management Value (Please specify currency)
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For each Fund or Limited Partnership you wish to have listed with HedgeWorld and TASS/Tremont, pages 3 to 18 must be filled for each individual Fund/Limited Partnership.If you wish to have more than one fund listed, please make a copy of the questionnaire and save it under a different filename for each fund and make the relevant changes where applicable.If any questions do not apply, please write N/A where applicable.1. General Information
Sponsor / Underwriter / General Partner of Fund or Partnership
Name of Fund/Partnership
Structure of Fund 3C1 3C7 Closed Ended Investment Company
Closed Ended Investment Trust
Closed Ended Mutual Fund
Closed Ended Unit Trust
Exempted Limited Partnership
FCIMT FCP
FIMAT Individual Managed Accounts
Limited Corporation
Limited Liability Company
Limited Partnership Open Ended Investment Company
Open Ended Investment Trust
Open Ended Mutual Fund
Open Ended Unit Trust
Master Feeder Fund SICAV UCITS
Others (Please specify)
Fund Domicile / State of Incorporation
Inception Date Initial Share Price
Date of PPM / Offering Materials
PPM on File? (Internal Use Only)
Fiscal Year End (Month/Day)
Fund Base Currency
Date of most current K-1’s were mailed. (Month/Day)
Est. Primary Category Assets
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Minimum Investment Open to Investment
Personal Investment Guaranteed
Last Audit Date Audited Financial on File (Internal Use Only)
Called to confirm Auditors(Internal Use Only)
Fund Listed on Exchange:
Which Exchange(s)? (Please check all relevant boxes)
Amsterdam SE Bermuda SE CSX
German SE Irish SE London SE
Luxembourg SE Swiss SE Viennese SE
Others (Please specify)
2. Liquidity
Subscription Frequency Daily Weekly Bi-monthly (Fortnightly)
Monthly Quarterly Semi-Annual
Annual
Lockup Period # of days
Please describe
Redemption Notice Period # of days
Please describe
Redemption Frequency Daily Weekly Bi-monthly (Fortnightly)
Monthly Quarterly Semi-Annual
Annual
Payout Period # of days
Please describe
Do documents allow for securities in kind upon redemption? (If Yes, please explain) Yes No
Does the Fund distribute income; i.e. profits in any form (e.g. dividends etc) ? Yes No
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3. Fees
Management Fees(%)
Incentive Fees(%) High Water Mark
Brokerage Fees
Administration Fees Please describe
Set Up Fees Please describe
Redemption Fees Please describe
Entrance / Load /Sales Fees
Please describe
Hurdle Rate Rate(%)
Please describe
Other Fees Please describe
Management Fees Payable
Daily Weekly Bi-monthly (Fortnightly)
Monthly Quarterly Semi-Annual
Annual None
4. Fund Address (Please complete if different from Investment Management Address otherwise proceed to section 5)
Address
City State
Zip Code Country
Telephone Facsimile
Website Address http://www.
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5. Contact Information (Please provide details for the Primary and Performance Contact.)
Main Contact Name
Title
Address
City State
Zip Code Country
Telephone Facsimile
Email Address
Do you send out a monthly or quarterly commentary on performance?(If Yes, please add us to your distribution list)
Yes No
Performance Contact Name
Title
Address
City State
Zip Code Country
Telephone Facsimile
Email Address
If you wish us to obtain data from your Web site please specify your Web Address, otherwise please indicate how you will update TASS:
7. Portfolio Manager Information (Please provide details of the Primary Portfolio Manager. If a copy of Form ADV is included please proceed to section 8.)
Key Portfolio Manager
Title
Address
City State
Zip Code Country
Telephone Facsimile
Email Address
What % or Value of fund assets is owned by Key Personnel?
Please complete the following where applicable or proceed to section 8
Portfolio Manager 1
Portfolio Manager 2
Portfolio Manager 3
Portfolio Manager 4
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8. Administrator Information (Please complete if applicable)
Administrator (Firm)
Primary Contact
Domicile
Address
City State
Zip Code Country
Telephone Facsimile
Email Address
Website Address http://www.
Have you changed your Administrator in the last 2 years? (If Yes, please explain) Yes No
9. Prime Broker (Please provide name of Primary Broker and any Others where applicable)
Prime Broker 1
Primary Contact
Domicile
Address
City State
Zip Code Country
Telephone Facsimile
Email Address
Have you changed your Prime Broker in the last 2 years? (If Yes, please explain) Yes No
Confirmed Prime Broker (Internal use only)
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Prime Broker 2
Prime Broker 3
10. Custodian / Bank
Custodian 1 / Bank
Domicile
Address
City State
Zip Code Country
Telephone Facsimile
Website Address http://www.
Have you changed your Custodian in the last 2 years? (If Yes, please explain) Yes No
Custodian 2
Bank
Have you changed your Bank in the last 2 years? (If Yes, please explain) Yes No
11. Auditor Information
Auditor Name
Primary Contact
Domicile
Address
City State
Zip Code Country
Telephone Facsimile
Email Address
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Website Address http://www.
Have you changed your Auditor in the last 2 years? (If Yes, please explain) Yes No
Confirmed Auditor? (Internal use only)
Inventory Valuation Method
Please describe procedure, e.g. discretion of G.P.; broker estimates
12. Legal Counsel
Legal Counsel
Primary Contact
Domicile
Address
City State
Zip Code Country
Telephone Facsimile
Email Address
Website Address http://www.
Have you changed your Legal Counsel in the last 2 years? (If Yes, please explain) Yes No
Confirmed Legal Counsel? (Internal use only)
13. Others
Affiliation 1
Affiliation 2
Affiliation 3
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14. Regulatory Body (Please check all relevant boxes)
CFTC (USA)
CPO
CTA
COB (France) IMRO (UK) HK SFC (Hong Kong)
NASD (USA)
NFA (USA) SEC (USA)
Investment Adviser
Broker Dealer
SFA (UK) SFC SFE (Australia)
STE OSC (Canada)
14a. Other Compliance
Has a request been filed by the Fund for Exemption Pursuant to Rule 4.7 of the Regulations Under the Commodity Exchange Act with the CFTC and NFA.
Yes No
Has a request for Exemption release been made for this Fund pursuant to any other rule of the Commodity Exchange Act?
Yes No
15. Primary Category (Please check the most relevant box or specify if not listed.)
Equity Trading Event Driven Fixed Income Relative Value
Fund of Funds Global Macro (includes Pure Currency)
Long/Short Equity
Managed Futures Short Sellers
Other (Please specify)
16. Investment Focus (This information is supplementary to the Primary Category. Please check all relevant boxes for the fund or the underlying funds.)
Bankruptcy Capital Structure Arbitrage Distressed Bonds
Distressed Equities Equity Derivative Arbitrage High Yield Bonds
Contrarian Fundamental Discretionary Opportunistic
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20. Assets & Instruments20a. Equities (If the fund or underlying funds do not invest in Equities please proceed to section 16b otherwise
please check all relevant boxes for the fund or underlying funds.)
Invest in Equities Instruments Traded (Please check all relevant boxes)
Options Index Futures Warrants Convertibles
Is this a Principal Activity?
OTC Exchange Traded
20b. Fixed Income (If the fund or underlying funds do not invest in Fixed Income please proceed to section 16c otherwise please check all relevant boxes for the fund or underlying funds.)
Invest in Fixed Income Instruments Traded (Please check all relevant boxes)
Forwards Futures Options Swaps
Is this a Principal Activity?
Convertibles Warrants OTC
20c. Currency (If the fund or underlying funds do not trade Currencies please proceed to section 16d otherwise please check all relevant boxes for the fund or underlying funds.)
Trades Currencies Instruments Traded (Please check all relevant boxes)
Spot Forwards Futures Options
Is this a Principal Activity?
Swaps Hedging Only Hedge FX Exposure
20d. Commodity (If the fund or underlying funds do not trade in Commodities please proceed to section 21 otherwise please check all relevant boxes for the fund or underlying funds.)
Invest in Commodities Instruments Traded (Please check all relevant boxes)
Physical Options Futures Forwards
Is this a Principal Activity?
OTC SEC Exchange Traded
Precious Metals Base Metals
Softs Agriculturals Energy
20e. ISDA Contracts are
Do you have any ISDA(International Swap Dealer Association) Contracts? Yes No
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21. Please indicate below the expected range of Long / Short Exposure of the Fund
Gross Long (%) Gross Short (%) Date
Net Long / Short Date
22. Leverage (If the fund or underlying funds do not employ Leverage please proceed to section 18, otherwise please fill & check all relevant boxes for the underlying funds.)
Fund Employs Leverage
Leverage via Futures Leverage via Other Derivatives
Leverage via Margin Borrowing
Leverage via FX Credit Lines
Max. Historical Leverage (%)
Average Leverage (%)
If leverage is employed, please describe.
23. Portfolio Turnover & Annual Average Trades per Year/Million
Annual Average Trades per Year per Million
Please complete if you are a CTA.
Average Annual Portfolio Turnover
24. Futures/Currency ExchangesPlease indicate which FUTURES/Currency exchanges, if any, you currently trade on:
CBOT CME COMEX EUREX (DTB) FINEX
HKSE IMM IPE LCE (FOX) LIFFE
LME MATIF MEFF MFE (Montreal) MIF
MONEP NYBOT NYMEX OM OSAKA
PHLX SFE SIMEX TIFFE TSE
US Futures Exch.Only
Other (Please specify)
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25. Press/Publications (TASS is often used as a source to produce performance/ranking tables etc. for the Press. NB. No data will be published without permission.)
Include Fund in Press Reports? Yes No
26. Performance26a. Performance Information
Performance Figures provided are:
Net after all Expenses only
Net after all Expenses & Management Fees
Net after all Expenses & Management Fees & Performance Fees
Does the Fund trade at a Premium to NAV?
Yes No
Does the Fund use a Share Equalisation Method? (If Yes, please explain) Yes No
Are your Performance Figures AIMR Compliant?
Yes No
Are your Performance Figures Provided :
Actual Proforma
26b. Performance Tables (Please fill in the table below or attach your Monthly performance figures from inception. Please provide either the month end percentage change or the month end NAV , plus the month end Assets.)
1999 1998
RoR (% change)
NAV (in base currency)
Assets (in base currency)
RoR (% change)
NAV (in base currency)
Assets (in base currency)
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1997 1996
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RoR (% change)
NAV (in base currency)
Assets (in base currency)
RoR (% change)
NAV (in base currency)
Assets (in base currency)
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
1995 1994
RoR (% change)
NAV (in base currency)
Assets (in base currency)
RoR (% change)
NAV (in base currency)
Assets (in base currency)
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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1993 1992
RoR (% change)
NAV (in base currency)
Assets (in base currency)
RoR (% change)
NAV (in base currency)
Assets (in base currency)
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
27. Philosophy of Investing
Please describe your investment style including approach, decision-making and research. Please also, include your focus on fundamental or quantitative research, how and from where ideas are generated, emphasis on bottom-up or top-down, whether market timing is utilised and importance of diversification.
28. Purchase and Sale Decisions
How is the philosophy implemented from idea generation to purchase and sale; who has ultimate responsibility for the decisions? What criteria determine purchases and sales; are they specific or general in nature? How are trades implemented and what controls are in place to monitor trading costs?
29. Portfolio Construction and Composition
What does a portfolio look like over time? Describe a typical portfolio in terms of industry or sector exposure, number of and security weightings, market capitalisation, asset allocation (use of equity, fixed and cash and whether it is a residual or active decision), annual turnover, maturity/duration, credit quality, use of futures/options. Are all portfolios
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managed alike? How much flexibility does a portfolio manager have?
30. Risk Control
Please identify and describe any risk controls utilised in the management of your fund
31. Influential Factors
Please identify the key market variables/environment that will impact the value of the securities held by your fund.
Thank you for your help. Please send under separate cover a copy of your most recent audited financials to :Kerri Pacello OR Piers Metcalfe
Tremont Partners Inc. TASS Investment Research Ltd.555 Theodore Fremd Avenue 13-15 Carteret StreetRye, New York 10580, USA London, SW1H 9DJ, UK
