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and Millennium USA has been structured, among other reasons, to give U.S. taxpayers an opportunity to invest in the Master Partnership indirectly. Capital Structure Millennium USA and Millennium International and other existing feeder funds have, and feeder funds that may be formed in the future may have, a var
rne by the holders of the relevant sub-classes of Non-USD Shares. There can be no assurance that the currency hedging activities in connection with the Non-USD Shares will be effective. In addition, there can be no assurance that the currency hedging activities will fully protect investors from a decline in the v
ct or indirect subsidiaries that may trade in their own names and are generally consolidated into the financial reports of the Master Partnership. Capital Structure The equity ownership of the Master Partnership is divided into general partner interests and limited partner interests. The interests differ in the
rne by the holders of the relevant sub-classes of Non-USD Shares. There can be no assurance that the currency hedging activities in connection with the Non-USD Shares will be effective. In addition, there can be no assurance that the currency hedging activities will fully protect investors from a decline in the v
ct or indirect subsidiaries that may trade in their own names and are generally consolidated into the financial reports of the Master Partnership. Capital Structure The equity ownership of the Master Partnership is divided into general partner interests and limited partner interests. The interests differ in the
rne by the holders of the relevant sub-classes of Non-USD Shares. There can be no assurance that the currency hedging activities in connection with the Non-USD Shares will be effective. In addition, there can be no assurance that the currency hedging activities will fully protect investors from a decline in the v
Entities connected to both Capital Structure and the Non-USD Shares
Ernst & Young LLP
ORGANIZATIONCayman
LOCATION
New York
LOCATION
Millennium
ORGANIZATION
Ghislaine Maxwell
PERSON
England
LOCATIONMillennium USA LP
ORGANIZATIONthe Cayman Islands Monetary Authority
ORGANIZATION
United States
LOCATIONCayman Islands Tax Matters
ORGANIZATION
New York State
LOCATIONthe Mutual Funds Law
ORGANIZATION
Mohammed bin Salman
PERSONThe Master Partnership's Organization
ORGANIZATIONIndependent Public Accountants
ORGANIZATIONthe U.S. Investment Company Act
ORGANIZATIONKeogh
ORGANIZATIONMaster-Feeder Relationship
ORGANIZATIONMillennium International, Ltd.
ORGANIZATIONManagement of Millennium USA
ORGANIZATION