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A Guide to Starting Your Hedge Fund by John Thompson, Erik Serrano Berntsen

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Appendix B

Outline of a Confidential Explanatory Memorandum: Sample Offshore Feeder Ltd

[Explanatory Information and Related Disclaimers]

Table of Contents

SUMMARY OF TERMS

Directory

  1. The Fund – Organizational Structure
  2. Investment Objective
  3. Risk Factors
  4. Management
  5. Conflicts Of Interest
  6. Investment Management Agreement
  7. Description Of Common Shares
  8. Offering Of Common Shares
  9. Redemptions
  10. Net Asset Value
  11. Certain Taxation And ERISA Matters
  12. Fund Administrator
  13. Board Of Directors
  14. Brokerage And Custody
  15. Other Terms Of The Fund
  16. General Comments
  17. Procedure To Purchase Common Shares
  1. Appendix A
  2. Computation of Offering Price and Redemption Price

SAMPLE OFFSHORE FEEDER LTD

Summary of Terms

The following is a summary of this document and other documents relating to the Fund. This document and related agreements should be reviewed carefully for more information with respect to the Fund.

  1. The Fund
  2. Investment Objective
  3. The Investment Manager
  4. Risk Factors
  5. Shares
  6. The Offering
  7. Management Fee
  8. Incentive Allocation
  9. Expenses
  10. Redemptions
  11. Reports
  12. Board of Directors
  13. Tax Status

Directory

Registered Office:
Investment Manager:
Administrator:
Sub-Administrator
Auditors:
Clearing Brokers:
Corporate Secretary:
United States Counsel:
Cayman Islands Counsel:
  1. The Fund – Organizational Structure

    Description of Sample Offshore Feeder and Organizational Structure

  2. Investment Objective

    Investment Objective

    Investment Strategy

    Investment Implementation

    General

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