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and commercial bank. In 2006, he was recognized as the Capital Markets CIO of the Year by Bankers Magazine. From 1992-2001, Mr. Torgovnik was with JP Morgan in a variety of technology roles within their Fixed Income Derivatives business, including Global Head of Fixed Income Derivatives Technology and F

s Commission, The Center, 99 Queens Road Central, Central Hong Kong, Tel. +852 3965 3222. • Millennium Capital Management (Singapore) Pte. Ltd. ("MCM Singapore"), a wholly-owned subsidiary of Millennium International Management, which is licensed by the Monetary Authority of Singapore, 80 Raffles Place, UO

cation of ongoing expenses related to such utilization in accordance with Millennium's expense allocation policies as in effect from time to time. Related-Party Transactions and Other Accounts; Conflicts Conflicts of interest among the Fund (and investors in the Feeder Funds), Millennium and Millennium's principals may

of making a personal profit (or incurring a personal loss). The ownership structure of MCP UK may change from time to time without notice. Each of MCM Singapore, MCM FIK, and MCM Asia's Tokyo Branch (collectively, the "Asia Entities") is owned by Millennium International Management. The capital to establish

l be allocated among the Fund and such other recipients of the services or the other applicable parties that receive the benefit of such services. Related-Party Transactions; Conflicts Conflicts of interest among the Fund (and investors in the Feeder Funds), Millennium and Millennium's principals may and do exist, which

of making a personal profit (or incurring a personal loss). The ownership structure of MCP UK may change from time to time without notice. Each of MCM Singapore, MCM FIK, and MCM Asia's Tokyo Branch (collectively, the "Asia Entities") is owned by Millennium International Management. The capital to establish

l be allocated among the Fund and such other recipients of the services or the other applicable parties that receive the benefit of such services. Related-Party Transactions; Conflicts Conflicts of interest among the Fund (and investors in the Feeder Funds), Millennium and Millennium's principals may and do exist, which