Below is a summary of some of the services we provide to these clients:

Formation and Structuring

• Preparation of offering materials for commingled products, fund-of-one products and separate accounts
• Assistance with Form D and state blue sky filings

Operational Due Diligence/Underlying Manager Investments

• Review of underlying fund offering materials
• Review of operational due diligence questionnaires
• Assistance with background checks, including obtaining court files and police reports
• Assistance with underlying fund side letter negotiation
• Assistance with secondary market transactions of underlying fund investors
• Evaluation of litigation involving investments in suspended or gated managers

Marketing/Client Relations

• New product development (registered and unregistered)
• Review of performance advertising
• Assistance with international offering issues
• Negotiation of distribution arrangements
• Assistance with investor side letters

Service Provider Arrangements

• Lines of credit (traditional and structured products)
• Custody and administrative agreements
• Traditional brokerage, futures and derivatives agreements

Compliance

• Adviser registration and exemptions
• Commodity trading adviser/commodity pool operator registration and exemptions
• Review of compliance policies and procedures
• Analysis of pay-to-play issues
• Assistance with the annual compliance review process
• Conducting mock SEC examinations
• Developing risk assessments