26.11.2014 Views

Privileged Investors - BNP Paribas Investment Partners

Privileged Investors - BNP Paribas Investment Partners

Privileged Investors - BNP Paribas Investment Partners

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Subscription applications can be made for a specified amount, or by exception granted by the<br />

Directors, for a specified maximum number of whole shares conditioned to a maximum<br />

subscription amount in which case the investor can not subscribe for fractional shares.<br />

(17) Retrocessions received by the Fund<br />

The Administrators of the underlying hedge funds pay no retrocessions. Accordingly, neither<br />

the Fund nor any other intervening entity linked to the Fund is collecting retrocessions.<br />

14

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!