| |
| CONTROL
POLICIES AND MEASURES
The
Fund is structured with the aim to :
- Ensure maximum
transparency
- Eliminate
allocation of trades' discretion
- Eliminate
pricing discrepancy
- Achieve
near 100% audit accuracy at financial year-end.
Risk
Control Measures
-
Daily monitoring of positions and leverage by sole broker and
margin custodian, UOB Bullion & Futures Ltd
-
Monitoring of investment mandate by established administrator,
Fortis Prime Fund Solutions (Cayman) Limited.
-
Financial accounts of Fund and Investment Manager
duly audited by external auditors
- Investors
get independently verified monthly NAV report of third-party administrator
- Investors
(who are not competitors) can get daily and monthly broker statements upon request
- Optional
quarterly lunch meeting with Investment Manager
for investors
- All outstanding
derivative positions are closed and turned into cash balances
prior to financial year-end.
- Contracts
traded are confined to the most liquid established exchanges'
future and option contracts in Asia and the USA.
Internal
Controls
- Traders
have to place own money in the Fund
- Funds
are allocated to traders, and each trader can only commit within
limit
- Closely
monitored stop loss and exposure limits on overall portfolio and individual asset class
- No
margin calls are allowed
|
|