Epstein Secrets

HUBUS133 Alpha Group Capital The above guidelines (the "Guidelines") are not meant to be a complete list of the criteria used by the Management Company to determine whether an

utilized by the Management Company at the time of the preparation of this Memorandum. The Guidelines may be adjusted and/or change in the future at the Management Company's discretion provided that the Management Company believes that such an adjustment or change is in keeping with the definition of a Longer Term Inves

HUBUS133 Alpha Group Capital The service providers of the Management Company, the Partnership and the Underlying Funds are subject to the same electronic information security t

fiable information of the Limited Partners may be lost or improperly accessed, used or disclosed. The loss or improper access, use or disclosure of the Management Company's or the Partnership's proprietary information may cause the Management Company, the Partnership, or an Underlying Fund to suffer, among other things

HUBUS133 Alpha Group Capital MiFID II increases regulation of trading platforms and firms providing investment services in the European Union. Among its many market infrastruct

he investment program. New rules requiring unbundling the costs of research and other services from dealing commission and further restrictions on the Management Company's ability to receive certain types of goods and services from brokers may also result in an increase in the investment-related expenditure of an Unde

HUBUS133 Alpha Group Capital An Underlying Fund may enter into other derivative instruments, such as credit derivatives. An Underlying Fund may take advantage of opportunities

g to potential disputes or misunderstanding with counterparties. Whether an Underlying Fund's use of derivatives will be successful will depend on the Management Company's ability to select appropriate transactions for such Underlying Fund. Regulation in the Derivatives Industry There are now many rules related to de

HUBUS133 Alpha Group Capital Options The Underlying Funds write i.e., sell) and purchase put and call options. Sales of options where an Underlying Fund does not own the under

The Underlying Funds purchase and sell credit derivatives contracts (primarily credit default swaps). Credit default swaps can be used to implement the Management Company's view that a particular credit, or group of credits, will experience credit improvement or deterioration. In the case of expected credit improvement

HUBUS133 Alpha Group Capital Administrator (other than by reason of gross negligence, willful misconduct, fraud or willful default on the part of the Administrator). The Admin

(i) the relationships among the Underlying Funds, the Other Accounts, the Management Company and its affiliates are complex and dynamic and (ii) as the Management Company's, the General Partner's and the Underlying Funds' respective businesses change over time, the Management Company, the General Partner and their affi

HUBUS133 Alpha Group Capital The Management Company and its affiliates may engage in a wide variety of business transactions with, or may have ownership interests in, Service P

Providers to the Partnership as well as parties that trade in the same markets as the Underlying Funds. These investments create a conflict between the Management Company's duty to act in the best interests of the Underlying Funds and its incentive to generate revenue for the companies in which the Hudson Bay Parties i

HUBUS133 Alpha Group Capital Funds. ERISA Plan and Individual Retirement Fund investors should consult with counsel to determine if participation in the Partnership (and thus t

is a transaction that is prohibited by ERISA or the Code. Eligible Indirect Compensation. The disclosures set forth in this Memorandum constitute the Management Company's good faith efforts to comply with the disclosure requirements of Form 5500, Schedule C and allow for the treatment of its compensation as eligible i