Is trade reconciliation segregated from the trading function? Does your firm maintain reconciliation reports? When are trades allocated to accounts? (i.e. End of trading day, immediately execution, or prior to or at the time of order entry) Is judgment required to mark your book? Have ever been any problems determining the NAV of your firm’s products? Are trades allocated among different products? Do you have a written allocation policy? If so, please provide. Does the firm have a written policy governing employee personal account trading? If yes, does such policy restrict trading in securities owned by the firm’s products? Who monitors such activity at your firm? How often does such monitoring occur? What is the average daily trade volume in number of tickets for the proposed? If you have soft dollar relationships with broker-dealers, please disclose the following: Soft dollar policy and when last reviewed Percent of trades executed tied to soft dollar relationships List of resources funded by soft dollars that would normally be funded with hard dollars Are all such dollar arrangements disclosed in the Offering Memorandum and/or Form ADV? PERFORMANCE/PRICING If applicable, what is the most appropriate measure of excess return for the proposed product? How is this determined? Describe how you analyze and evaluate the performance of the proposed product. Include a discussion of your performance attribution analysis. Describe how you conduct performance attribution analysis, indicating any models or tools used. How do you incorporate the results of the performance attribution analysis in the management of the proposed product? Please elaborate on the returns for this proposed product over the past five Describe any periods of exceptionally strong or weak returns; any reasons for exceptionally high or low volatility.
Is trade reconciliation segregated from the trading function? Does your firm maintain reconciliation reports? When are trades allocated to accounts? (i.e. End of trading day, immediately execution, or prior to or at the time of order entry) Is judgment required to mark your book? Have ever been any problems determining the NAV of your firm’s products? Are trades allocated among different products? Do you have a written allocation policy? If so, please provide. Does the firm have a written policy governing employee personal account trading? If yes, does such policy restrict trading in securities owned by the firm’s products? Who monitors such activity at your firm? How often does such monitoring occur? What is the average daily trade volume in number of tickets for the proposed? If you have soft dollar relationships with broker-dealers, please disclose the following: Soft dollar policy and when last reviewed Percent of trades executed tied to soft dollar relationships List of resources funded by soft dollars that would normally be funded with hard dollars Are all such dollar arrangements disclosed in the Offering Memorandum and/or Form ADV? PERFORMANCE/PRICING If applicable, what is the most appropriate measure of excess return for the proposed product? How is this determined? Describe how you analyze and evaluate the performance of the proposed product. Include a discussion of your performance attribution analysis. Describe how you conduct performance attribution analysis, indicating any models or tools used. How do you incorporate the results of the performance attribution analysis in the management of the proposed product? Please elaborate on the returns for this proposed product over the past five Describe any periods of exceptionally strong or weak returns; any reasons for exceptionally high or low volatility.