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ures, premiums for general partner liability insurance and risk- specific insurance and "key-man" life insurance on certain personnel (including Mr. Englander, the managing member of the General Partner), and other administrative and operating expenses. Expenses that are allocable to the Feeder Funds gene
re not appropriate or not optimal (for tax or other reasons) for direct or indirect investors in the Master Partnership. Millennium, including Mr. Englander, may, and typically does, have a disproportionate investment in one or more of the Feeder Funds and may, therefore, benefit from any benefit derive
y the applicable Portfolio Managers. Millennium may negotiate any other appropriate return-enhancing or other arrangements in its sole discretion. Strategy Development There are no substantive limits on the investment strategies that may be pursued by the Fund. The Fund's capital may be invested in strategies othe
ures, premiums for general partner liability insurance and risk- specific insurance and "key-man" life insurance on certain personnel (including Mr. Englander, the managing member of the General Partner), and other administrative and operating expenses. Expenses that are allocable to the Feeder Funds gene
re not appropriate or not optimal (for tax or other reasons) for direct or indirect investors in the Master Partnership. Millennium, including Mr. Englander, may, and typically does, have a disproportionate investment in one or more of the Feeder Funds and may, therefore, benefit from any benefit derive
y the applicable Portfolio Managers. Millennium may negotiate any other appropriate return-enhancing or other arrangements in its sole discretion. Strategy Development There are no substantive limits on the investment strategies that may be pursued by the Fund. The Fund's capital may be invested in strategies othe
surance, casualty and property, cyber liability and other risk-specific insurance, and "key-man" life insurance on certain personnel (including Mr. Englander); financing costs, exchange fees and expenses, brokerage fees and expenses, expenses relating to short sales, clearing and settlement charges, cust
y the applicable Portfolio Managers. Millennium may negotiate any other appropriate return-enhancing or other arrangements in its sole discretion. Strategy Development There are no substantive limits on the investment strategies that may be pursued by the Fund. The Fund's capital may be invested in strategies othe
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