abn amro alternative investment strategies - Fundsupermart.com

ABN AMRO Alternative Investment Strategies(Constituted under a Trust Deed in the Republic of Singapore)NOTES TO THE FINANCIAL STATEMENTSFor The Financial Period Ended 31 December 2007 (Unaudited)These notes form an integral part of and should be read in conjunction with the accompanying financialstatements.1. Corporate informationABN AMRO Alternative Investment Strategies (the "Fund") is an umbrella unit trust constituted under aTrust Deed between ABN AMRO Asset Management (Singapore) Ltd. (the "Manager") and HSBCInstitutional Trust Services (Singapore) Limited (the "Trustee") on 10 September 2001, and the Amendedand Restated Deed dated on 25 July 2003, and the Third Supplemental Deed to the Amended andRestated Deed dated 21 July 2006 (the "Trust Deeds"). The Trust Deeds are governed by the laws of theRepublic of Singapore.ABN AMRO Alternative Investment Strategies is a Singapore-authorised unit trust comprising 2 sub-fundsnamely:--Best of World Protected Fund. The launch of this sub-fund was suspended and units in this sub-fundare not being offered for subscription; andABN AMRO Multi Strategy Fund, a feeder fund established with 2 classes of units, namely the SGDclass and USD class.ABN AMRO Multi Strategy Fund invests all or substantially all of its assets as a feeder fund in the ABNAMRO Alternative Investment Fund - ABN AMRO Multi Strategy Fund, an open-ended umbrella unit trustauthorised by the Central Bank of Ireland and admitted to the official list of the Irish Stock Exchange on 5May 2000.2. Summary of significant accounting policies(a) Basis of preparationThe financial statements, which are expressed in US dollars ("USD" or "US$"), are prepared under thehistorical cost basis, as modified by the revaluation of investments, and in accordance with the revisedStatement of Recommended Accounting Practice 7 "Reporting Framework for Unit Trusts" issued bythe Institute of Certified Public Accountants of Singapore in May 2005, which has been adopted witheffect from 1 July 2005.(b)Foreign currenciesForeign currency transactions during the financial period are translated into USD at the rates ofexchange ruling on the transaction dates. Foreign currency monetary assets and liabilities aretranslated into USD at the rates of exchange ruling at the balance sheet date. Differences onexchange are included in the Statements of Total Return.(c)Recognition of investment incomeInterest income is accounted for on a time proportion basis.