What market anomalies or inefficiencies are you trying to capture? Why do you believe this philosophy will be successful in the future? Provide any evidence or research that supports this belief. How has this philosophy changed over time? In what market environments would you expect your approach to out/underperform relative to a similar listed infrastructure strategy? Please check all of the underlying strategies that the proposed product and/or strategy employs: ___Special Situations ___Short Bias (or Short Only) ___Convertible Arbitrage ___Domestic Long/Short Equity ___Global Macro ___Global Long/Short Equity ___Merger Arbitrage ___Emerging Markets Equity ___Statistical Arbitrage ___Credit Arbitrage ___Quantitative Long/Short ___Even Driven ___Long Only Equities ___Distressed Securities ___Capital Structure Arbitrage ___Commodities ___Other (Explain) Describe the strategy and process. firm’s Are you seeking unique sources of information? Are you applying unique methods to process the information? What is the time horizon for your view of a particular investment? What approaches are used in evaluating relative valuations? What percentage of the investment process is driven by top down analysis? Bottom up analysis? How many unique sources of alpha are used within this product and/or strategy? Describe your portfolio construction process. What specific factors are integral to the portfolio construction process? What is the relative importance of these factors? Discuss the quantitative and qualitative processes utilized. What latitude is given to portfolio managers within the proposed product and/or strategy team? Are portfolio buy/sell decisions made on a team basis or by an individual portfolio manager? In which countries and/or markets do you invest? What exchanges are utilized? Describe your competitive advantage. How sustainable is this competitive firm’s advantage? Why does your firm believe you offer a superior service in this style of investing versus your peers? Please comment on the following proposed product and/or strategy features (if applicable): Lock-up period; Minimum and maximum subscription or account size; Frequency of allowable investor redemptions, Required notice period for redemption requests,
What market anomalies or inefficiencies are you trying to capture? Why do you believe this philosophy will be successful in the future? Provide any evidence or research that supports this belief. How has this philosophy changed over time? In what market environments would you expect your approach to out/underperform relative to a similar listed infrastructure strategy? Please check all of the underlying strategies that the proposed product and/or strategy employs: ___Special Situations ___Short Bias (or Short Only) ___Convertible Arbitrage ___Domestic Long/Short Equity ___Global Macro ___Global Long/Short Equity ___Merger Arbitrage ___Emerging Markets Equity ___Statistical Arbitrage ___Credit Arbitrage ___Quantitative Long/Short ___Even Driven ___Long Only Equities ___Distressed Securities ___Capital Structure Arbitrage ___Commodities ___Other (Explain) Describe the firm’s strategy and process. Are you seeking unique sources of information? Are you applying unique methods to process the information? What is the time horizon for your view of a particular investment? What approaches are used in evaluating relative valuations? What percentage of the investment process is driven by top down analysis? Bottom up analysis? How many unique sources of alpha are used within this product and/or strategy? Describe your portfolio construction process. What specific factors are integral to the portfolio construction process? What is the relative importance of these factors? Discuss the quantitative and qualitative processes utilized. What latitude is given to portfolio managers within the proposed product and/or strategy team? Are portfolio buy/sell decisions made on a team basis or by an individual portfolio manager? In which countries and/or markets do you invest? What exchanges are utilized? Describe your firm’s competitive advantage. How sustainable is this competitive advantage? Why does your firm believe you offer a superior service in this style of investing versus your peers? Please comment on the following proposed product and/or strategy features (if applicable): Lock-up period; Minimum and maximum subscription or account size; Frequency of allowable investor redemptions, Required notice period for redemption requests,