document_description: This document provides an overview of the Hudson Bay Fund LP and Hudson Bay International Fund Ltd., including their investment strategies, fund terms, structure, and disclaimers. It outlines the integrated risk management strategies, fund terms such as fee structure and lock-up periods, and provides contact information for investor relations. The document also includes disclaimers about investment performance and legal notices for Swiss investors.

title: Hudson Bay Fund LP and Hudson Bay International Fund Ltd. Overview

key_locations:
New York, NY
Switzerland

document_subtype: Investment Fund Overview

key_organizations:
Hudson Bay Fund LP
Hudson Bay International Fund Ltd.
Hudson Bay Capital Management LP
International Fund Services (N.A.) LLC
Schulte, Roth & Zabel LLP
Walkers
PricewaterhouseCoopers
Mont-Fort Funds AG
Neue Helvetische Bank AG


source: doj

document_description: This document is a table of contents for HUESUS133 Alpha Group Capital, listing various items related to advisory business, fees, client types, investment strategies, and other financial activities.

document_type: tabular


document_description: Hudson Bay Capital Management LP, founded by Sander Gerber, is an alternative asset management firm managing approximately $2.548 billion in assets as of January 31, 2018. The firm manages four fund products, including a multi-strategy fund, a capital structure arbitrage fund, a corporate value fund, and an MLP fund. The multi-strategy funds are open to new investors, while the other funds have restrictions on new subscriptions.

title: Hudson Bay Capital Management LP Advisory Business

document_type: correspondence

document_subtype: advisory business summary

key_organizations: Hudson Bay International Levered Fund Ltd.

key_organizations: Hudson Bay Cap Structure Arbitrage Enhanced Fund LP


document_description: The document discusses the flexibility and discretion of the Multi-Strategy Funds and Hudson Bay Capital in offering favorable terms to certain investors through side letter agreements. It outlines the conditions under which these terms are offered and the creation of additional classes or series of interests to accommodate these terms. It also addresses investment restrictions for socially responsible investors and the reallocation of profits and losses from restricted investments.

document_subtype: side letter agreements

key_organizations:
Hudson Bay Capital
Multi-Strategy Funds


document_description: The document outlines the investment structure and strategies of Hudson Bay Capital, including the management of SRI Shares and PM Tranches. It describes the Capital Structure Fund, which operates through a master-feeder fund structure, and its investment strategies. The document also discusses the impact of Restricted Investments Reallocation on different shares of the Offshore Fund.

title: Hudson Bay Capital Investment Structure

document_type: financial

key_locations:
Delaware
Cayman Islands

key_organizations: Hudson Bay Capital Structure Opportunities Master Fund Ltd.


document_description: The document provides information about the Corporate Value Fund and the MLP Fund, both Delaware limited partnerships managed by Hudson Bay Capital. It outlines the investment strategies, terms, and conditions for these funds, including capital commitments, investment strategies, and side letters with investors.

key_people:
Hudson Bay Capital
General Partner

document_subtype: investment fund notice

key_organizations:
Corporate Value Fund
Hudson Bay Capital
MLP Fund


document_description: The document outlines the structure and investment strategy of HUBUS133 Alpha Group Capital LLC (HBC LLC) and the MLP Fund, both associated with Hudson Bay Capital. It details the acquisition of convertible preferred interests in a master limited partnership (MLP) and the hedging strategies employed. The document also discusses side letters with investors and the fees charged by Hudson Bay Capital, including management fees for the Multi-Strat Funds.

document_subtype: Investment Fund Document

key_organizations:
HUBUS133 Alpha Group Capital LLC
Hudson Bay Capital
MLP Fund


document_description: The document outlines various expenses related to the Multi-Strat Funds managed by Hudson Bay Capital, including professional fees, regulatory costs, technology expenses, and more. It also details the allocation of these expenses among the Multi-Strat Funds and other accounts managed by Hudson Bay Capital.

document_subtype: investment fund expenses

key_organizations:
Hudson Bay Capital
Multi-Strat Funds


document_description: The document outlines the incentive allocation and fee structure for investors in the Capital Structure Fund managed by Hudson Bay Capital. Investors are charged an incentive fee of 30% per annum on net profits, subject to a modified loss carry forward provision. The document also details other fees and expenses borne by investors, including management fees, investment-related expenses, legal expenses, and professional fees.

document_subtype: Incentive Allocation and Fees


document_description: The document outlines the expenses related to the Capital Structure Fund managed by Hudson Bay Capital. It details various costs including those for consultants, data storage, accounting, insurance, and board fees. It also discusses the allocation of expenses among investor accounts and arrangements for investing in Affiliate Trading Vehicles.

document_subtype: expense report

key_organizations:
Hudson Bay Capital
Master Capital Structure Fund


document_description: The document outlines the reinvestment and distribution policies, management fees, and carried interest for the Corporate Value Fund managed by Hudson Bay Capital. It details how proceeds from investments, termed 'Corporate Event Investments,' are either reinvested or distributed to investors and the General Partner. The document also specifies the management fee structure and conditions under which a bonus is paid to Hudson Bay Capital. Additionally, it describes the calculation and distribution of carried interest related to the fund's investments.

key_organizations:
Corporate Value Fund
Hudson Bay Capital


document_description: The document outlines the fees and expenses associated with the MLP Fund managed by Hudson Bay Capital. It details the types of fees and expenses that MLP Fund investors indirectly bear, including investment-related expenses, research-related expenses, legal expenses, professional fees, systems and technology expenses, accounting, auditing, and tax preparation expenses, among others. It also discusses the allocation of expenses among various funds managed by Hudson Bay Capital.

document_subtype: Investment Fund Fees and Expenses

key_organizations:
MLP Fund
Hudson Bay Capital


document_description: The document outlines the policies and procedures of Hudson Bay Capital regarding the allocation of Multi-Fund expenses among Funds. It describes the metrics used for allocation, such as assets under management and number of transactions, and the discretion Hudson Bay Capital has in selecting these metrics. It also discusses the use of consultants versus hiring employees, performance-based fees, and the types of clients Hudson Bay Capital serves.

document_subtype: policies and procedures


document_description: The document outlines various investment strategies employed by Hudson Bay Capital, including event-driven, directional, and hybrid strategies. It discusses the risks associated with these strategies and the methods used to mitigate them.

document_type: other

document_subtype: investment strategy document


document_description: The document outlines Hudson Bay Capital's Multi-Strat Fund strategies, including event-driven/merger arbitrage, volatility trading, convertibles, and credit. It describes specific trading strategies such as event/merger arbitrage, derivative arbitrage, options arbitrage, equity-volatility arbitrage, convertible arbitrage, and direct investments.

document_subtype: investment strategy brochure


document_description: The document outlines the investment strategies and leverage use of the Levered Fund, which is part of the Alpha Group Capital. It describes the use of relative value long/short equity and fundamental long/short equity strategies, as well as the employment of leverage at both the Levered Fund and Master Fund levels. The document also details the terms of obtaining leverage from a third-party financial institution, including pledging assets and the structure of the leverage cost.


document_description: The document discusses the investment strategies and risks associated with the Multi-Strat Master Fund managed by Hudson Bay Capital. It covers the use of Trading Vehicles, co-investment opportunities, and material risks involved in investing in securities. The memo emphasizes the evolving nature of the fund's portfolio and the importance of risk management.

document_subtype: memo

key_organizations:
Hudson Bay Capital
Multi-Strat Master Fund


document_description: The document outlines the risks associated with investments made by Multi-Strat Funds managed by Hudson Bay Capital. It discusses general investment and trading risks, leverage risk, volatility risk, and the risk of stagnant markets. The document emphasizes that there is no guarantee of success and that past performance is not indicative of future results.

document_subtype: Investment Risk Disclosure


document_description: The document discusses various risks associated with the Multi-Strat Funds managed by Hudson Bay Capital, including liquidity risk, fraud, cybersecurity risk, and custody risk. It highlights the potential impact of these risks on the funds and investors.


document_description: The document discusses the risks and strategies associated with Multi-Strat Funds, particularly focusing on relative value trading, market neutral and hedged strategies, and event-driven investing. It highlights the potential for substantial losses due to market disruptions, changes in yield curves, and unhedged positions. The document also explains the use of financial instruments for hedging and the risks involved in event-driven strategies.

document_subtype: Investment Strategy Document


document_description: The document outlines the risks associated with investments made by the Multi-Strat Funds, managed by Hudson Bay Capital. It discusses directional trading risks, risks related to equity and debt securities, and the speculative nature of predicting price movements. The document emphasizes the inherent uncertainties and potential for substantial losses in these investment strategies.

key_organizations:
Multi-Strat Funds
Hudson Bay Capital


document_description: The document discusses the risks and complexities associated with investments in unregistered securities and derivatives by the Multi-Strat Funds and Hudson Bay Capital. It highlights the potential valuation challenges and regulatory uncertainties involved in such investments, as well as the risks related to derivatives trading.


document_description: The document outlines the investment strategies of the Multi-Swat Funds, focusing on options trading and credit default swaps. It details the risks and strategies associated with writing and purchasing put and call options, including covered and uncovered options. It also discusses the use of credit default swaps to manage credit risk.

key_organizations:
Alpha Group Capital
Multi-Swat Funds
Hudson Bay Capital


document_description: The document outlines the investment strategies and risks associated with the Multi-Strat Funds managed by Hudson Bay Capital. It discusses the use of credit default swaps, both as a buyer and seller, and the associated risks such as market availability, pricing inaccuracies, and regulatory changes. It also highlights the risks related to the use of quantitative valuation models, which may become outdated or inaccurate over time.

key_organizations: International Swaps and Derivatives Association Credit Derivatives Determination Committee


document_description: The document discusses the valuation risks and use of estimates for the Multi-Strat Funds managed by Hudson Bay Capital. It highlights the reliance on third-party pricing sources and the potential discrepancies in valuations. The document also covers the risks associated with fund leverage, particularly for the Levered Fund, which employs substantial leverage, increasing both potential returns and losses.


document_description: The document outlines the investment strategies of the Capital Structure Fund managed by Hudson Bay Capital. It details the fund's focus on convertible and equity-linked investments, use of leverage, and various strategies including convertible arbitrage and relative value strategies. The document emphasizes the fund's flexibility in market, strategy, and instrument selection, and notes the potential for significant variation in strategy due to market conditions and other factors.

key_organizations:
Alpha Group Capital
Bay Capital
Hudson Bay Capital


document_description: The document discusses various investment strategies employed by Hudson Bay Capital for the Capital Structure Fund, focusing on convertible arbitrage and relative value strategies. It explains the use of convertible securities, hedging techniques, and the identification of mispriced securities to generate returns. The memo also highlights the factors influencing the value of securities and the methods used to mitigate associated risks.

key_organizations:
Alpha Group Capital
Hudson Bay Capital


document_description: The document outlines various investment strategies employed by the Capital Structure Fund, managed by Hudson Bay Capital. These strategies include Credit Directional, Event Oriented, Structure Oriented, Trading Oriented, and Volatility Oriented strategies, focusing on corporate debt, convertible securities, and equity-linked instruments. The strategies aim to capitalize on market opportunities, corporate events, and structural analysis of credit instruments.

key_organizations:
Alpha Group Capital
Capital Structure Fund


document_description: The document provides an overview of the Capital Structure Fund managed by Hudson Bay Capital, detailing its investment strategies, use of trading vehicles and subsidiaries, and associated material risks. It emphasizes the risk management approach and acknowledges the inherent risks in investment and trading.

document_subtype: investment fund summary

key_organizations:
Hudson Bay Capital
Capital Structure Fund


document_description: The document outlines various risks associated with the Capital Structure Fund's investment strategies, including leverage risk, volatility risk, risk of changing market conditions, risk of stagnant markets, and liquidity risk. It emphasizes the potential for increased volatility and losses due to leverage, the impact of market conditions on strategy success, and the challenges posed by illiquid positions.


document_description: The document discusses various risks associated with Hudson Bay Capital's investment strategies, including illiquidity, fraud, cybersecurity, and custody risks. It highlights the potential for material misrepresentation by counterparties, cybersecurity threats, and the risks related to asset custody in non-segregated accounts.

key_organizations:
Hudson Bay Capital
Capital Strategy Fund
Capital Structure Fund


document_description: The document outlines the structure and risks associated with the Capital Structure Fund, which operates in a 'master-feeder' structure. It highlights the potential risks of insolvency of brokerage firms, the impact of larger feeder funds on smaller ones, and the strategy risks related to relative value trading. The document emphasizes the dependency on Hudson Bay Capital's ability to exploit mispricings and the potential for substantial losses due to market disruptions.

key_organizations:
Capital Structure Fund
Capital Structure Feeder Fund
Capital Structure Master Fund


document_description: The document outlines the convertible arbitrage and market neutral strategies employed by Hudson Bay Capital's Capital Structure Fund. It discusses the risks associated with convertible arbitrage, including credit exposure, valuation estimation, liquidity issues, and corporate actions. It also covers market neutral and hedged strategies, highlighting the potential for significant losses if positions are not properly hedged.


document_description: The document outlines the risks associated with the Capital Structure Fund managed by Hudson Bay Capital. It discusses the potential for increased portfolio value, challenges in hedging transactions, and the risks of directional trading. It also details the risks related to equity and debt securities, including price volatility and market fluctuations.

document_subtype: Investment Fund Risks


document_description: The document discusses the risks associated with investing in syndicated debt and convertible securities by the Capital Strategy Fund. It highlights the lack of direct contractual relationship with borrowers in syndicated debt and the credit risk involved. It also explains the factors affecting the value of convertible securities, including interest rates and market price of underlying stocks. The document mentions contingent convertible securities and potential redemption by issuers.

document_subtype: investment document


document_description: The document outlines the investment strategy of the Capital Structure Fund, focusing on direct investments in public companies through equity securities, convertible securities, and warrants. It discusses the risks associated with illiquid and restricted securities, the contractual obligations of issuers, and the potential for the fund to be deemed a 'statutory underwriter.' The document also covers the reliance on SEC exemptions for selling restricted securities and the holding periods required under Rule 144.

key_organizations:
Capital Structure Fund
SEC


document_description: The document discusses the risks and strategies associated with derivatives trading by the Capital Structure Fund, including options trading. It highlights the risks of trading derivatives, such as price movements influenced by various factors, and the specific risks associated with writing and purchasing put and call options.


document_description: The document discusses the application of non-U.S. tax laws and other regulations affecting the Capital Structure Fund's investments in non-U.S. securities. It highlights the potential higher expenses and risks associated with these investments, including valuation risks and the use of estimates. The document also briefly mentions the Corporate Value Fund's strategy focused on investing in companies targeted for buyouts.

document_subtype: Investment Fund Information

key_organizations:
Alpha Group Capital
Capital Structure Fund
Corporate Value Fund


document_description: The document outlines Hudson Bay Capital's strategy for investing in merger transactions, referred to as 'Corporate Events.' It details the conditions under which the Corporate Value Fund will invest, the process of seeking appraisal rights, and the potential legal proceedings involved. The memo also discusses the unpredictability of the duration of these investments and the jurisdictions in which appraisal proceedings may occur.

key_organizations:
Hudson Bay Capital
Corporate Value Fund


document_description: The document outlines the investment strategy of the Corporate Value Fund managed by Hudson Bay Capital. It discusses the potential duration of investments, the possibility of settling Appraisal Proceedings, and the use of leverage and margin accounts. The document also highlights the lack of formal diversification policies and the potential for concentrated investments. Additionally, it covers the possibility of co-investments with third parties and the negotiation of terms for such investments.


document_description: The document discusses the inherent uncertainties and risks associated with Appraisal Proceedings and investing in Corporate Events between publicly-traded companies. It highlights the potential for regulatory scrutiny, the impact of material non-public information (MNPI), and the financial implications for Hudson Bay Capital and the Corporate Value Fund.


document_description: The document discusses conflicts of interest and market risks related to Hudson Bay Capital's investment management services. It highlights potential conflicts between the Corporate Value Fund and other accounts managed by Hudson Bay Capital, particularly in relation to Corporate Event Investments and Appraisal Proceedings. The document also addresses market risks, specifically inflation, and its potential impact on the strategy and profit potential of Corporate Events.

key_organizations:
Hudson Bay Capital
Corporate Value Fund
Multi-Strat Fund


document_description: The document discusses potential risks and challenges faced by the Corporate Value Fund, including inflation, financing arrangements, market illiquidity, and the 'risk of ruin' associated with alternative investment strategies. It highlights the impact of regulatory actions on credit availability and the difficulties posed by market illiquidity in acquiring and managing investments.


document_description: The document outlines the risks associated with the Corporate Value Fund's strategy, focusing on the limited availability of corporate event investments and the non-consummation risk. It discusses the challenges in identifying material disparities between transaction prices and fair values, the intense competition for such investments, and the limited commitment period. The document also highlights the risks of non-consummation of corporate events, regulatory scrutiny, and the potential for significant losses if appraisal proceedings are not favorably resolved.

title: HUESUS133 Alpha Group Capital Strategy Risks


document_description: The document discusses various risks and considerations related to the Corporate Value Fund managed by Hudson Bay Capital. It covers topics such as the potential need for limited partners to return distributed amounts, the inability of Hudson Bay Capital to control corporate event outcomes due to different investor objectives, the impact of acquisition premiums on investment returns, delays in receiving transaction prices due to appraisal proceedings, and the risks associated with leverage used by the fund.


document_description: The document discusses the risks and strategies associated with the Corporate Value Fund managed by Hudson Bay Capital. It covers topics such as the use of leverage, hedging strategies, expedited transactions, and the purchase of third-party appraisal rights. The document highlights the potential risks and challenges in these areas, including the possibility of ineffective hedging, the need for quick investment decisions, and the risks associated with third-party appraisal rights.


document_description: The document discusses the regulatory scrutiny and potential legal changes affecting the Appraisal Proceedings strategy used by Hudson Bay Capital. It highlights the risks associated with different jurisdictions' laws, particularly those less favorable than Delaware's, and the impact on investment outcomes. It also covers risks related to equity securities, options, and derivatives used in the strategy.

document_type: legal

document_subtype: investment strategy scrutiny


document_description: The document discusses various risks associated with derivative instruments, short sales, and structural risks related to the Corporate Value Fund managed by Hudson Bay Capital. It highlights the risks of leverage, liquidity, and pricing divergence in derivatives, the obligations and potential liabilities in short selling, and the unique risks posed by having a single institutional investor.


document_description: The document outlines potential conflicts of interest and transaction practices of Hudson Bay Capital, including principal transactions, cross trades, and brokerage practices. It discusses how conflicts of interest are managed, the role of an Investor Representative, and the execution of cross trades.

document_subtype: business document

key_organizations:
Hudson Bay Capital
Alpha Group Capital


document_description: The document outlines Hudson Bay Capital's approach to selecting broker-dealers for executing transactions for clients. It discusses factors considered for best execution, including price, transaction costs, and broker-dealer services. It also covers the use of Electronic Communications Networks (ECNs) and the concept of 'soft dollar' benefits, where Hudson Bay Capital may pay higher commissions for additional brokerage and research services.


document_description: The document discusses the use of 'soft dollar' services by Hudson Bay Capital and its Multi-Strat Funds. It outlines the conditions under which these services are used, the potential conflicts of interest, and the allocation of brokerage business based on research services provided by broker-dealers. It also mentions the annual review of research services and the non-binding nature of brokerage commitments.

key_organizations:
Hudson Bay Capital
Multi-Strat Funds


document_description: Hudson Bay Capital outlines its policies and procedures for the fair and equitable allocation of investment opportunities among its various Accounts. An Allocation Committee oversees this process, which generally follows a pro rata basis but allows for exceptions based on various considerations such as liquidity, tax, and regulatory factors.

title: Allocation of Investment Opportunities and Orders

document_subtype: policy document


document_description: The document outlines Hudson Bay Capital's policies on order aggregation, average pricing, and trade errors. It explains how orders are executed for multiple accounts, the handling of trade errors, and the indemnification of Hudson Bay Capital by the Funds.


document_description: The document outlines Hudson Bay Capital's review of client accounts, reporting to clients, client referrals and compensation, custody of assets, and investment discretion. It details the review process of client portfolios, the reporting frequency to investors, the lack of current third-party referral arrangements, custody arrangements under Rule 206(4)-2 of the Advisers Act, and the discretionary investment advisory services provided by Hudson Bay Capital.

document_subtype: financial advisory document


document_description: The document outlines Hudson Bay Capital's proxy voting policy, including the use of Institutional Shareholder Services (ISS) for proxy voting recommendations and the role of the Proxy Voting Committee. It details the procedures for handling conflicts of interest and the conditions under which Hudson Bay Capital may override ISS recommendations.

key_people:
Chief Compliance Officer
Chief Operating Officer

key_organizations:
Hudson Bay Capital
Institutional Shareholder Services


document_description: This document is a brochure supplement providing information about Sander Gerber, associated with Hudson Bay Capital Management LP. It is intended to supplement the main brochure of Hudson Bay and includes contact information for further inquiries.

title: FORM ADV PART 2B: BROCHURE SUPPLEMENT

key_people:
Sander Ross Gerber
Scott L. Black

document_subtype: brochure supplement


document_description: This document provides a detailed overview of Sander Ross Gerber's educational background and business experience, highlighting his role as the principal owner, CEO, and CIO of Hudson Bay. It outlines his career trajectory, starting from his time at the American Stock Exchange to founding Gerber Asset Management LLC and later Hudson Bay. It also mentions his affiliations with various organizations and his educational qualifications.

title: Sander Ross Gerber - Educational Background and Business Experience

document_subtype: business profile

key_organizations:
Hudson Bay
Gerber Asset Management LLC
American Stock Exchange
Bain and Company
Council on Foreign Relations
Jerusalem Center for Public Affairs
The Economic Club of New York
Woodrow Wilson Center for Scholars


document_description: Profile of Yoav Roth, Managing Partner and Portfolio Manager of Hudson Bay, detailing his educational background, business experience, and compensation.

key_organizations:
Hudson Bay
UBS
Gerber Asset Management


document_description: Supervision details for Roy Astrachan at Hudson Bay, including supervisory roles of Sander Gerber and compliance responsibilities of Scott L. Black.

key_people:
Roy Astrachan
Sander Gerber
Scott L. Black


document_description: This document is a brochure supplement providing information about George Antonopoulos, associated with Hudson Bay Capital Management LP. It is intended to supplement the Hudson Bay brochure and includes contact information for Scott L. Black, General Counsel and Chief Compliance Officer, for further inquiries.

title: FORM ADV PART 2B: BROCHURE SUPPLEMENT

key_people:
George Antonopoulos
Scott L. Black

key_locations: 777 Third Avenue, 30th Floor, New York, NY 10017


document_description: Profile of George Antonopoulos, Managing Partner and Portfolio Manager at Hudson Bay, detailing his educational background, business experience, and compensation.

key_organizations: Haub School of Business of St. Joseph's University


document_description: The document outlines the supervision structure for John Chen, a Portfolio Manager at Hudson Bay. Sander Gerber, CEO and CIO, supervises Mr. Chen's advisory activities, while Scott L. Black, General Counsel and Chief Compliance Officer, oversees the compliance program.

key_people:
John Chen
Sander Gerber
Scott L. Black


document_description: The image depicts a financial or trading environment with computer monitors displaying stock market data or similar financial metrics. It includes a desk with writing utensils and the text 'HUBUS133 Alpha Group Capital', suggesting operations related to capital management or investment.

document_type: media


document_description: This document contains disclaimers related to Hudson Bay Capital Management LP and its multi-strategy funds. It clarifies that the presentation is not an offer to sell or solicit an offer to purchase interests in any fund managed by Hudson Bay. The document emphasizes confidentiality, the non-guarantee of past performance, and advises prospective investors to consult professional advisors. It also notes that the information is current as of March 31, 2018.

title: Hudson Bay Capital Presentation Disclaimers


document_description: The document provides an executive summary of Hudson Bay Capital, highlighting its investment focus, firm history, and unique edge in the market. Hudson Bay Capital employs a diverse set of catalyst-driven absolute return strategies, aiming for uncorrelated returns to major indices. The firm was founded in December 2005, managing over $2.7 billion with 75 employees. The history traces back to 1997 with Sander Gerber's proprietary trading firm.

title: Hudson Bay Capital Executive Summary

document_subtype: Executive Summary


document_description: The document provides an overview of the Hudson Bay Fund LP and Hudson Bay International Fund Ltd, highlighting their performance, low correlation to the S&P 500, and profitability during market turmoil. It includes annualized rates of return and Sharpe ratios, emphasizing the funds' ability to generate positive returns in challenging market conditions.

title: Hudson Bay Capital - Executive Summary

key_organizations:
Hudson Bay Capital
Hudson Bay Fund LP
Hudson Bay International Fund Ltd


document_description: The document contains confidential information related to Hudson Bay Capital's risk management and is marked as confidential pursuant to Federal Rule of Criminal Procedure 6(e).


document_description: The document outlines the risk management strategies employed by Hudson Bay Capital at various levels: position, portfolio, and operational. It emphasizes the integration of risk mitigation throughout the investment process and highlights the roles of deal codes, market factor monitoring, and operational risk management.

document_subtype: Risk Management Overview


document_description: The document outlines Hudson Bay Capital's approach to risk management, focusing on portfolio diversification and risk mitigation. It highlights the use of a proprietary RMon system for monitoring diversification through cluster analysis, aiming to identify concentration risks and focus on economically significant relationships. The document includes a table showing correlation percentages between different traders or assets.

title: Hudson Bay Capital Risk Management


document_description: This document is an investment presentation from Hudson Bay Capital, highlighting their value proposition and reasons to partner with them. It outlines their approach to generating alpha, risk mitigation strategies, and the benefits of investor partnership.

document_subtype: investment presentation


document_description: The document contains a partial photograph of two people, with one person smiling and looking at the other. It includes text related to Hudson Bay Capital and mentions 'Fund Performance'. The document is marked as confidential under Federal Rule of Criminal Procedure 6(e).

title: Hudson Bay Capital Fund Performance


document_description: This document provides the net monthly performance of the Hudson Bay Fund LP from 2006 to 2018, detailing monthly returns and net year-to-date rate of return (ROR) for each year. It includes notes on the calculation of returns, investor eligibility, and historical fund transitions.

title: Hudson Bay Fund LP - Net Monthly Performance

document_subtype: fund performance report

key_organizations:
Hudson Bay Capital
Hudson Bay Fund LP
Hudson Bay International Fund Ltd
Hudson Bay Overseas Fund Ltd


document_description: A black and white photograph of a man wearing glasses and a white collared shirt, looking to the right and smiling. The number '27' is visible in the bottom right corner.


document_description: This document provides a summary of terms for Hudson Bay Fund LP and Hudson Bay International Fund Ltd, including details on inception dates, domicile, investment requirements, fees, liquidity, and service providers.

title: Hudson Bay Capital - Summary of Terms

document_subtype: Summary of Terms

key_organizations:
Hudson Bay Capital
PricewaterhouseCoopers
Schulte Roth & Zabel
Walkers
International Fund Services (NA) LLC
Bank of America/Merrill Lynch
Citigroup
Deutsche Bank
TD Securities
UBS
National Financial Services
Morgan Stanley


document_description: The document contains senior management biographies and photographs of executives from Hudson Bay Capital Management LP. It includes biographies of Paul Sargen, Chief Risk Officer; Steven Petersen, Chief Financial Officer; and Scott Black, General Counsel and Chief Compliance Officer.

key_people:
Paul Sargen
Steven Petersen
Scott Black
Sander Gerber

key_locations:
New York
Stanford University
Hofstra University
New York University School of Law
Columbia College

document_subtype: photograph

key_organizations:
Hudson Bay Capital Management LP
Aristeia Capital, LLC
TPG-Axon
JP Morgan Chase
Securities and Exchange Commission
Kostelanetz & Fink
Wachtell, Upton, Rosen & Katz
Arthur Andersen LIP
Managed Funds Association


document_description: The document provides general disclosures about the restructuring and operations of Hudson Bay Capital's funds, including changes in fund structure and investment strategies. It also discusses the classification of Deal Codes and the allocation of capital across strategies. The document emphasizes that the information is for informational purposes only and may not be complete or fully accurate.

document_subtype: General Disclosures

key_organizations:
Hudson Bay Capital
Hudson Bay Fund LP
Hudson Bay Overseas Fund Ltd
Hudson Bay International Fund Ltd
Hudson Bay Master Fund Ltd
Gerber Asset Management LLC


document_description: This document is a general disclosure for prospective investors considering investment in Hudson Bay Capital's funds. It outlines the risks, illiquidity, and speculative nature of the funds, emphasizing the need for investors to review the Confidential Private Placement Memorandum with advisors. It warns of potential substantial losses, lack of transparency, and high expenses. The document also notes that no regulatory authority has endorsed the investment and includes forward-looking statements subject to risks and uncertainties.

document_subtype: investment disclosure


document_description: This document contains a series of Deal Code Histograms for the years ending December 31 from 2010 to 2016. It is marked as confidential and includes a note to see 'General Disclosures' in the attached appendix.

title: Deal Code Histogram


document_description: This document is a disclosure statement regarding the compensation arrangements between Deutsche Bank entities and Hudson Bay Capital Management LP for referring clients to Hudson Bay Funds. It outlines the fees and potential conflicts of interest involved in these referral arrangements.

title: Disclosure Statement — Hudson Bay Funds

document_subtype: Disclosure Statement

key_organizations:
Deutsche Bank Securities Inc.
Deutsche Bank Trust Company Americas
Deutsche Bank National Trust Company
Deutsche Bank Trust Company, N.A.
Hudson Bay Fund LP
Hudson Bay International Fund Ltd.


document_description: This document is a supplemental disclosure by Deutsche Bank Securities Inc. and Deutsche Bank Trust Company Americas, acting as a solicitation agent for a fund. It outlines the reliability of the information, the need for independent assessment of transactions, and the risks involved. It also discloses potential conflicts of interest and clarifies that Deutsche Bank does not provide accounting, tax, or legal advice.

title: Supplemental Disclosure by Deutsche Bank Securities Inc. and Deutsche Bank Trust Company Americas

document_subtype: disclosure document

key_organizations:
Deutsche Bank Securities Inc.
Deutsche Bank Trust Company Americas
Deutsche Bank Wealth Management


document_description: This document is the second amended and restated limited partnership agreement for Hudson Bay Fund LP, dated April 1, 2018.

title: Second Amended and Restated Limited Partnership Agreement of Hudson Bay Fund LP

document_subtype: Partnership Agreement


document_description: This document is a partnership agreement for HUESUS133 Alpha Group Capital, detailing the formation, management, capital accounts, partners, and withdrawal and distribution of capital. It includes general provisions, management guidelines, capital account operations, and partner-related clauses.

title: HUESUS133 Alpha Group Capital Partnership Agreement


document_description: The document is an Amended and Restated Limited Partnership Agreement for Hudson Bay Fund LP, formed under Delaware law. It outlines the general provisions, including the formation, name, address, registered agent, fiscal year, and liability of partners. Hudson Bay Capital Associates LLC is designated as the General Partner with unlimited liability, while limited partners have liability proportional to their interests.

key_locations: 850 New Burton Road, Suite 201, Dover, Delaware 19904

document_subtype: Limited Partnership Agreement

key_organizations:
Hudson Bay Fund LP
Cogency Global Inc.


document_description: The document outlines the powers and responsibilities of the Management Company in relation to the Partnership, including investment strategies, securities transactions, and account management.

key_organizations:
Alpha Group Capital
Old Domestic Fund
Master Fund


document_description: The document outlines the exculpation and indemnification clauses for the General Partner and Affiliates of the Partnership. It specifies conditions under which the General Partner and Affiliates are protected from liability and indemnified against losses, costs, or expenses. The clauses ensure protection unless actions are made in bad faith, constitute fraud, willful misconduct, or gross negligence. It also addresses the selection of brokers or agents and the advancement of legal fees.

key_organizations:
Alpha Group Capital
Partnership
Master Fund
Old Domestic Fund


document_description: The document outlines the management fee structure for Alpha Group Capital, detailing the calculation, payment, and allocation of management fees to the Management Company. It specifies the conditions under which fees are paid, including pro rata adjustments for new or withdrawing partners, and the potential for fee reductions or waivers for certain partners. The document also describes the administrative services provided by the Management Company in exchange for the fees, and the expenses borne by the Partnership and related entities.

document_subtype: Management Fee Agreement

key_organizations:
Alpha Group Capital
Management Company
Master Fund
Old Domestic Fund


document_description: The document outlines the roles and responsibilities of the Limited Partners and the General Partner in the Alpha Group Capital partnership. It includes provisions for the selection of a committee to approve or disapprove principal transactions and related party transactions, the role of a Limited Partners' Representative, and definitions related to capital accounts and accounting periods.

key_people:
General Partner
Limited Partners' Representative

key_organizations:
Alpha Group Capital
Master Fund
Old Domestic Fund
Management Company


document_description: The document outlines the procedures for adjusting the Capital Accounts of partners in the Alpha Group Capital partnership. It details the allocation of Net Capital Appreciation or Depreciation among partners, the calculation of Incentive Allocations, and the management of Loss Recovery Accounts. The General Partner has discretion over the Incentive Allocation, which can be reduced or waived for certain Limited Partners. The document also describes the process for handling Incentive Allocations in the event of partnership dissolution.

key_people:
General Partner
Limited Partner

document_subtype: partnership agreement


document_description: This document outlines the terms of capital allocation and incentive allocation for partners in the Alpha Group Capital. It details the conditions under which the General Partner can adjust allocations based on tax, regulatory, or other considerations, and the creation of memorandum accounts for specific securities. It also grants the General Partner the right to amend the incentive allocation to comply with regulatory requirements without increasing the allocation for any Limited Partner.

key_people:
General Partner
Limited Partners


document_description: The document outlines the terms and conditions under which the General Partner of Alpha Group Capital can establish additional classes, sub-classes, tranches, or series of interests without notifying or obtaining consent from Limited Partners. It also details the conditions under which partners can withdraw or receive distributions from their capital accounts, including specific withdrawal percentages and notice requirements.


document_description: The document outlines the withdrawal policy for Alpha Group Capital, specifically addressing the conditions under which withdrawal requests can be made and satisfied. It details the concept of the 'Partnership Gate,' which limits the amount that can be withdrawn based on a percentage of the net asset value of the partnership. The document also explains the process for handling Key Person Withdrawal Requests and the conditions under which these requests can be satisfied or reduced.

document_subtype: withdrawal policy


document_description: This document outlines the provisions related to distributions made in kind, tax withholdings, and obligations of partners in a partnership agreement. It specifies how the fair market value of distributed property should be determined and how it affects partners' capital accounts. It also details the responsibilities of the General Partner regarding tax withholdings and the obligations of partners to provide accurate tax information.


document_description: This document outlines the terms and conditions related to the distribution of property in kind to Limited Partners, the effective date of a Partner's withdrawal, and limitations on the withdrawal of capital accounts within the partnership. It includes provisions for compliance with the Bank Holding Company Act of 1956 and details the rights and limitations of partners regarding capital account withdrawals.

key_organizations: Board of Governors of the Federal Reserve System


document_description: This document outlines the terms and conditions of the partnership agreement for Alpha Group Capital, including provisions for amendments, non-voting interests of BHC Limited Partners, and voting rights. It specifies conditions under which changes can be made to the agreement and details the rights of BHC Limited Partners regarding voting and non-voting interests.


document_description: This document outlines various sections of a partnership agreement for Alpha Group Capital, including provisions for non-voting interests, choice of law, tax elections, third-party rights, and confidentiality. It specifies the rights and limitations of Limited Partners, particularly those associated with Registered Fund Limited Partners, and the governing law as the State of Delaware. It also addresses tax elections and confidentiality obligations of the partners.


document_description: This document is an amended and restated limited partnership agreement for Hudson Bay Fund LP, formerly known as FIB Fund LP. It includes signatures from the general partner, Hudson Bay Capital Associates LLC, represented by Sander Gerber, and outlines the process for limited partners to join the partnership.

title: Amended and Restated Limited Partnership Agreement of Hudson Bay Fund LP

key_organizations:
Hudson Bay Capital Associates LLC
Hudson Bay Fund LP


document_description: This document is a Letter of Authorization for fund investment managed by Hudson Bay Capital Management LP, available through Deutsche Bank Wealth Management. It outlines the requirements for providing 'know your customer' (KYC) information and authorizes Deutsche Bank to transfer funds for investment and provide Hudson Bay with investment-related information.

document_subtype: Letter of Authorization

key_organizations:
Hudson Bay Capital Management LP
Deutsche Bank Wealth Management
Deutsche Bank Securities Inc.
Deutsche Bank Trust Company Americas
Deutsche Bank National Trust Company
Deutsche Bank Trust Company, N.A.


document_description: This document is an investment memorandum for Alpha Group Capital, detailing the terms of investment management agreements with underlying funds. It outlines the offering of partnership interests to sophisticated investors, specifying minimum capital contributions and emphasizing the risks involved. The memorandum is confidential and intended for specific recipients, with no public offering of interests. It also clarifies the legal status of the partnership under the Investment Company Act of 1940.

document_subtype: Investment Memorandum

key_organizations:
Alpha Group Capital
Offshore Fund
Levered Fund
Management Company


document_description: This document is an investment memorandum for Alpha Group Capital, outlining the terms and conditions of an offering of interests. It emphasizes the need for investors to conduct their own examination of the partnership and the offering, as the interests have not been approved by the SEC or any other regulatory authority. The memorandum is confidential and intended solely for qualified prospective investors.

document_subtype: investment memorandum


document_description: This document is a table of contents for a financial document related to Alpha Group Capital, detailing various sections such as partnership history, investment program, risk factors, and legal counsel.

title: HUBUS133 Alpha Group Capital Table of Contents


document_description: This document is a summary of the Hudson Bay Fund LP's terms as outlined in the Confidential Private Placement Memorandum and the Amended and Restated Limited Partnership Agreement. It details the structure and operation of the Hudson Bay Fund LP and its investment in the Hudson Bay Master Fund Ltd. and HB Fund LLC. The document also describes the investment strategy and structure of related funds, including the Hudson Bay International Fund Ltd. and Hudson Bay International Levered Fund Ltd.

title: Hudson Bay Fund LP Summary of Terms

key_locations:
Cayman Islands
Delaware

document_subtype: Private Placement Memorandum Summary


document_description: The document outlines the guarantee arrangements for the Alpha Group Capital, where an Underlying Fund or its subsidiaries may provide guarantees for the Partnership or other Feeder Funds to facilitate trading or financing. It details the conditions under which assets may be pledged and the roles of the General Partner and Management Company.

document_subtype: guarantee document

key_organizations:
Hudson Bay Capital Associates LLC
Hudson Bay Capital Management LP


document_description: The document is an investment memorandum for HUBUS133 Alpha Group Capital, registered as an investment adviser with the SEC. It outlines the responsibilities of the Management Company, investment details by the Principals, conditions for the Partnership's termination, and terms for offering interests to investors. It also discusses the discretion to waive or modify terms for certain investors.

key_organizations:
HUBUS133 Alpha Group Capital
Securities and Exchange Commission
Management Company
Master Fund Board of Directors


document_description: The document outlines the structure of capital contributions, PM Tranches, and the allocation of gains and losses within a partnership. It details how capital accounts are managed, the issuance of PM Tranches, and the calculation of incentive allocations. The General Partner has discretion over incentive allocations, which can be adjusted for certain partners.

key_organizations:
Alpha Group Capital
Management Company


document_description: This document outlines the terms and conditions related to the Loss Recovery Account for Limited Partners in the Alpha Group Capital. It details how the Loss Recovery Account is adjusted based on net capital depreciation and appreciation, and how it affects the Incentive Allocation for Limited Partners.

document_subtype: Investment Fund Document


document_description: The document outlines various expenses related to the management and operation of investment funds by Alpha Group Capital. It includes costs associated with investment activities, research, legal and professional services, administrative and operational services, technology, and compliance.

document_subtype: investment fund expenses


document_description: The document outlines the investment-related expenses, leverage usage, and withdrawal policies for Limited Partners in the Alpha Group Capital. It discusses the allocation of expenses, the impact of leverage on investments, and the process for Limited Partners to withdraw their investments over successive calendar quarters.

document_subtype: Investment Document


document_description: This document outlines the withdrawal terms for Limited Partners in the Alpha Group Capital partnership. It details how Related Investors' interests are aggregated for withdrawal calculations and the conditions under which a Limited Partner can withdraw more than the Applicable Percentage of their Capital Account. The document also explains the reset conditions for the Applicable Percentage and provides an example of withdrawal calculations.

document_subtype: Investment Agreement


document_description: The document outlines the withdrawal process for Limited Partners in the Alpha Group Capital. It specifies conditions under which the Applicable Percentage does not apply, particularly when withdrawals are offset by capital contributions from the Limited Partner or a Related Investor. It also details the consequences of not receiving an Offsetting Contribution in a timely manner, including retaining 10% of withdrawal proceeds as liquidated damages.


document_description: The document outlines the procedures and conditions for Limited Partners to submit Key Person Withdrawal Requests in relation to the Partnership Gate. It specifies the aggregation of withdrawal requests for month-ends, the need for separate requests if not fully satisfied, and the conditions under which a Limited Partner can receive their Applicable Percentage. It also mentions the risk associated with unsatisfied requests and the conditions for availing the Partnership Gate.

document_subtype: memo


document_description: The document outlines the terms and conditions for withdrawal of capital by Limited Partners from the Partnership. It specifies the timelines and conditions for cash and in-kind distributions, including the requirement for a 10-day notice for in-kind distributions. The document also mentions the valuation policies for in-kind assets and the conditions under which the Management Company may establish an investment fund for employee benefit plans.


document_description: The document outlines the terms and conditions of a partnership agreement for Alpha Group Capital, including the treatment of the partnership as a publicly traded partnership taxable as a corporation. It details the rights of the General Partner to withdraw Incentive Allocations and require Limited Partners to withdraw their Capital Accounts. It also discusses potential conflicts of interest due to the General Partner's involvement in other investment funds and managed accounts. The document highlights various risk factors associated with investing in the partnership, including market, valuation, liquidity, and legal risks.


document_description: The document outlines the administration agreement between the Partnership and International Fund Services (NA.) L.L.C., detailing the roles of the Administrator, the use of proceeds, the role of the Limited Partners' Representative, and regulatory compliance matters.

document_subtype: administration agreement


document_description: The document outlines the tax treatment, sales charges, fiscal year, transfer restrictions, and auditing and legal counsel details for the Alpha Group Capital Partnership. It specifies that the partnership should not be treated as a publicly traded partnership taxable as a corporation, thus avoiding federal income tax. It also details the absence of sales charges, fiscal year end, restrictions on transfer of interests, and the roles of PricewaterhouseCoopers LLP as the auditor and Schulte Roth & Zabel LLP as legal counsel.

key_organizations:
Alpha Group Capital
PricewaterhouseCoopers LLP
Schulte Roth & Zabel LLP


document_description: Legal correspondence related to the offering of Interests in a Partnership, involving Schulte Roth & Zabel LLP as counsel to the Management Company, General Partner, Underlying Funds, and their affiliates. Limited Partners are not represented by independent counsel.

document_subtype: legal correspondence

key_organizations:
Schulte Roth & Zabel LLP
Management Company
General Partner
Underlying Funds


document_description: The document outlines the asset allocation strategies of Alpha Group Capital's Underlying Funds, which are based on a bottom-up approach and are not limited by geographic area, industry sector, or issuer credit rating. The strategies are categorized into relative value, event-driven, and directional strategies, with no formal diversification requirements. Relative value strategies focus on profiting from the mispricing of related assets and often use leverage. Event-driven strategies focus on profit potential from major corporate events.

document_subtype: Investment Strategy Document


document_description: The memorandum outlines the categorization of strategies by the Management Company into four groups: event-driven/merger arbitrage, volatility trading, convertibles, and credit. It provides illustrative trading strategies and techniques used by Underlying Funds, including event/merger arbitrage, derivative arbitrage, and options arbitrage.

document_subtype: memorandum


document_description: The document outlines various financial strategies employed by Alpha Group Capital, including equity-volatility arbitrage, convertible arbitrage, direct investments, stock loan arbitrage, and capital structure arbitrage. These strategies involve complex financial instruments and transactions aimed at exploiting market inefficiencies and mispricings.

document_subtype: financial strategy document


document_description: The document outlines various investment strategies employed by Alpha Group Capital, including capital-structure arbitrage, credit strategies, distressed strategies, directional equity, corporate debt, derivatives or currencies, and relative value long/short equity. These strategies involve complex financial maneuvers such as buying and selling securities, credit default swaps, and distressed investing, often requiring an activist approach.


document_description: The document outlines the guidelines used by the Management Company to determine investment types for the Longer Term Investment category. It discusses the potential for subjective decisions, the possibility of changes to the guidelines, and the process for notifying Limited Partners if investments exceed a 5% limitation. It also covers risks associated with emerging markets and the development of new trading strategies and vehicles.


document_description: The document outlines the provisions of a Partnership Agreement involving Hudson Bay Capital Associates LLC as the General Partner and Hudson Bay Capital Management LP as the Management Company. It discusses amendments to the Incentive Allocation, profit and loss allocations, and the roles of the General Partner and Management Company. The document also details the investment activities and responsibilities of the Management Company and the financial arrangements regarding fees and compensation.

document_subtype: Partnership Agreement


document_description: The document outlines the role of George Antonopoulos at Hudson Bay and discusses certain risk factors associated with investing in the Partnership. It highlights the speculative and illiquid nature of the securities, the high degree of risk involved, and the 'master-feeder' structure of the investment.

document_subtype: investment document

key_organizations:
Hudson Bay
Heights Capital Management
Susquehanna International Group
The Vanguard Group
St. Joseph's University


document_description: The document discusses the potential impacts on the Master Fund due to actions by larger Feeder Funds, including increased operating expenses and portfolio risk. It also covers tax considerations and conflicts of interest between the Partnership and other Feeder Funds. Additionally, it describes the structure and risks associated with Levered Feeder Funds, including leverage, pledging of assets, and potential for more favorable withdrawal rights.

key_organizations:
Alpha Group Capital
Master Fund
Feeder Funds
Management Company
Partnership
Levered Fund
Intermediate Fund
Underlying Funds


document_description: The document discusses the financial and legal structures of a Levered Feeder Fund and its relationship with an Underlying Fund. It outlines the borrowing and leverage strategies, liability implications, and potential risks associated with cross-collateralization. The document also touches on the evolving legal and regulatory environment for private investment funds and their managers, highlighting increased scrutiny and potential adverse effects on investment programs.

key_organizations:
Alpha Group Capital
Levered Feeder Fund
Management Company
Underlying Fund
Partnership


document_description: The document discusses the investment strategies and risks associated with the Alpha Group Capital's investment program. It highlights potential adverse effects on the Partnership and Limited Partners due to investment decisions, legal and regulatory compliance, and co-investment strategies. The document also covers risks related to investments in Affiliate Trading Vehicles and the formation of Managed Accounts or Feeder Vehicles.


document_description: The document discusses the structure and financial strategies of Alpha Group Capital, including the establishment of Feeder Fund Entities for legal and regulatory purposes. It highlights the potential correlation with traditional stocks and bonds, the use of leverage in investment strategies, and the importance of credit availability for Underlying Funds. The document also notes the potential risks associated with leverage and credit restrictions.


document_description: The document discusses the impact of interest rate changes on investment strategies, reliance on corporate management and financial reporting, and competition in the investment market. It highlights the risks associated with rising interest rates, the dependency on accurate financial reporting, and the competitive landscape for investment opportunities.

key_organizations:
U.S. Federal Reserve
Alpha Group Capital
Management Company


document_description: The document discusses various risks and considerations for the Alpha Group Capital, including market saturation, changing market conditions, broker selection conflicts, and counterparty risks. It highlights the challenges in identifying investment opportunities, the impact of market conditions on strategy success, potential conflicts in broker selection, and the risks associated with counterparty relationships.


document_description: The document discusses the risks associated with dealing with counterparties in non-exchange-based markets, such as over-the-counter or interdealer markets, for an Underlying Fund. It highlights the potential for losses due to counterparty insolvency, liquidity issues, and the lack of a regulated market for settlement. The document also addresses the risks of posting collateral and the implications of using counterparties in jurisdictions outside the United States.

document_subtype: investment fund risk disclosure


document_description: The document outlines various risks associated with investments in Underlying Funds managed by Alpha Group Capital. It discusses the potential impact of insolvency of counterparties, commodity interest trading limits under CFTC Rule 4.13(a)(3), risks of fraud, custody risks related to securities, and systemic risks in the financial system.

document_subtype: investment risk disclosure

key_organizations:
Alpha Group Capital
CFTC


document_description: The document outlines various risks associated with investment strategies and trading for an Underlying Fund managed by Alpha Group Capital. It discusses systemic risks, execution of orders, and cybersecurity risks that could impact the fund's performance and security of information.

document_subtype: Investment Risk Disclosure


document_description: The document discusses the electronic information security threats faced by the Management Company, the Partnership, and the Underlying Funds. It highlights the potential risks of data breaches, including financial loss, business disruption, and reputational damage. The document also addresses market risks, including volatility and regulatory changes, that could affect the Underlying Funds' performance.

key_organizations:
Management Company
Partnership
Underlying Funds


document_description: This document discusses the risks associated with illiquidity in the market and its impact on the Partnership's ability to distribute withdrawal proceeds. It highlights the effects of current market conditions, governmental actions, Brexit, and MiFID II on the Underlying Funds' activities and profitability.

key_locations:
United Kingdom
European Union
European Economic Area


document_description: The document discusses the impact of MiFID II regulations on trading platforms and investment services in the EU, highlighting potential liquidity reduction and increased transaction costs. It also addresses the effects of inflation and deflation on securities markets and the risks of market disruptions on investment funds.


document_description: The document discusses convertible arbitrage strategies employed by an Underlying Fund, focusing on buying, selling, and trading convertible securities while hedging risks. It explains the nature of convertible securities and the strategies used to control risk and seek profits. The document also covers market neutral and hedged strategies, highlighting the risks and limitations of hedging and the potential for significant losses during high market volatility.


document_description: The document discusses investment strategies and risks associated with micro-, small-, and medium-capitalization companies. It highlights the volatility and potential illiquidity of these investments compared to larger companies. The document also covers directional trading strategies and the inherent risks of predicting price movements. Additionally, it describes hybrid strategies that combine different trading techniques and the ongoing development of new strategies by the Management Company.


document_description: The document discusses the regulatory and litigation risks associated with lending and servicing businesses, particularly focusing on compliance with federal, state, and local laws. It highlights potential legal actions, regulatory changes, and the need for licenses in certain jurisdictions. The document also addresses anti-predatory lending laws and the challenges of meeting regulatory compliance requirements.

document_subtype: regulatory compliance and litigation risks

key_organizations:
HB Fund
Alpha Group Capital
Management Company


document_description: The document discusses the risks and challenges associated with investing in high-yield and distressed credit instruments, loans, and bank loans. It highlights the uncertainties in valuing such instruments due to lack of market prices and financial information, and the potential impact of economic downturns and corporate developments on these investments. The document also outlines the risks associated with acquiring interests in bank loans, either directly or indirectly, and the potential credit risks involved.


document_description: The document outlines various investment strategies employed by an Underlying Fund, including investments in subordinated interests and note classes, sovereign debt and currencies, trade claims, and convertible securities. It discusses the risks and characteristics associated with each type of investment, such as leverage, market value fluctuations, and liquidity issues.

key_people:
General Partner
Management Company


document_description: The document discusses convertible securities and ETFs. Convertible securities are influenced by the market price of the underlying common stock and may sell at a premium. Contingent convertible securities (Co-Cos) are only convertible under certain conditions. ETFs may trade at a premium or discount to their net asset value, and trading can be halted due to market conditions or exchange rules. The document highlights the risks associated with the lack of an active trading market for ETFs and the potential impact on an Underlying Fund's investment objectives.


document_description: The document discusses the potential risks and legal implications for an Underlying Fund involved in the sale of securities, particularly those purchased under Regulation D or other exemptions from registration. It highlights the risks of being deemed a 'statutory underwriter' and the potential liabilities associated with misstatements or omissions in prospectuses. The document also covers the holding period requirements for restricted securities under Rule 144 and the implications of being considered part of a 'group' with other investors under the Exchange Act.


document_description: The document discusses the risks associated with derivatives trading, including tracking, liquidity, leverage, and over-the-counter trading. It highlights the potential for imperfect correlation, illiquidity, leverage magnification, and non-performance risks in derivatives trading.

document_subtype: financial analysis


document_description: The document discusses the use of derivative instruments by an Underlying Fund managed by Alpha Group Capital, highlighting potential risks and regulatory impacts. It outlines the types of risks associated with derivatives, such as market, regulatory, and liquidity risks, and the challenges posed by new regulations in the derivatives industry. The memo also addresses the operational and compliance burdens these regulations impose on the Management Company and the Underlying Fund.


document_description: This document discusses the impact of new derivatives regulations on the Underlying Fund, particularly focusing on reporting and central clearing requirements under the Dodd-Frank Act and EMIR. It highlights the potential risks and operational challenges posed by these regulations, including real-time reporting, central clearing mandates, and margin calls.

key_locations:
United States
EU

key_organizations: U.S. Commodity Futures Trading Commission


document_description: The document outlines the strategies of the Underlying Funds in writing and purchasing put and call options, as well as engaging in credit default swaps. It discusses the risks and potential losses associated with these financial instruments, including unlimited risk in certain scenarios and the impact of market volatility on options pricing.

document_subtype: investment strategy document


document_description: The document discusses the risks associated with credit default swaps for an Underlying Fund, including market availability of deliverable securities, auction protocol risks, and the role of the International Swaps and Derivatives Association Credit Derivatives Determination Committee. It also covers the risks of being a seller of credit default swaps, the use of recovery locks, and the evolving nature of the credit default swap market, especially in high yield securities. Additionally, it mentions investments in non-U.S. securities and emerging markets.


document_description: The document discusses the valuation of assets and liabilities for the Alpha Group Capital Partnership, highlighting the inherent uncertainties in asset valuation and the potential divergence in net asset value due to GAAP requirements. It also addresses model risk associated with quantitative valuation models used by the Management Company.

document_subtype: Valuation Memorandum

key_organizations:
Alpha Group Capital
Management Company
Financial Accounting Standards Board


document_description: The document discusses potential risks and limitations associated with the systems and operations of Underlying Funds managed by Alpha Group Capital. It highlights the dependency on electronic systems, the importance of market judgment, exchange rate risks, and the duration of investment positions. The document also mentions the provision of electronic communications to Limited Partners and the associated risks.


document_description: The document outlines the limited liquidity and additional risks associated with investing in the Alpha Group Capital Partnership. It highlights the restrictions on withdrawing investments, potential in-kind distributions, and risks related to internal investments by portfolio managers and associated persons.

key_people:
General Partner
portfolio manager


document_description: The document discusses the risks associated with substantial withdrawals by large investors from the Partnership, which could adversely impact the Partnership and remaining partners. It highlights the potential effects on investment strategies, leverage, liquidity, and financing. The document also addresses the incentive allocation for the General Partner, which may encourage riskier investments.


document_description: The document discusses various risks and considerations related to the performance and valuation of Underlying Funds managed by Alpha Group Capital. It covers topics such as 'new issue' trading, valuation risks, and the possibility of a qualified audit report due to illiquid investments.

key_organizations:
Alpha Group Capital
FINRA


document_description: The document discusses various aspects of the Alpha Group Capital's investment structure, including the domicile of the Master Fund in the Cayman Islands, potential amendments to withdrawal rights, and the use of side letters to grant special terms to certain Limited Partners.

key_locations:
Cayman Islands
United States

document_subtype: Investment Memorandum


document_description: The document outlines the terms and conditions under which Limited Partners may receive different information and investment terms in the Partnership. It discusses side letters, favorable terms, and investment restrictions for socially responsible investors (SRI Investors). The document also details the Restricted Investments Reallocation process for SRI Investors and non-SRI Investors.

document_subtype: investment agreement

key_organizations:
Alpha Group Capital
Management Company
Offshore Fund
Feeder Funds


document_description: The document discusses the performance and regulatory aspects of SRI Shares and the associated risks for non-SRI Investors. It highlights limited regulatory oversight due to exclusions from the Investment Company Act of 1940 and potential risks related to brokerage practices. It also mentions the Management Company's trading limitations under CFTC regulations and the possibility of future regulatory changes.

key_organizations:
Alpha Group Capital
Management Company
Partnership
Underlying Funds
SEC
CFTC


document_description: The document discusses the potential impacts of increased governmental and self-regulatory scrutiny on the hedge fund industry, including possible future regulatory changes and their effects on the Partnership's profit potential and transparency requirements. It also covers government involvement in the private sector, regulatory actions, securities law compliance risks, and litigation risks associated with the Partnership and its underlying funds.

document_subtype: memo


document_description: The document discusses the potential impact of contingent tax liabilities and regulatory changes on the Alpha Group Capital Partnership. It outlines the management fee structure, including the calculation and payment of fees, and mentions the possibility of fee adjustments for certain partners. The document advises prospective investors to consult with advisers before investing.

document_subtype: Partnership Memorandum

key_organizations:
Alpha Group Capital
Management Company
Master Fund
HB Fund


document_description: This document outlines the financial responsibilities and expenses related to a partnership managed by Alpha Group Capital. It details the management fees, expenses borne by the partnership, and reimbursement processes for expenses paid by the Management Company or General Partner. It also lists various costs and expenses incurred by the Underlying Funds, including investment-related expenses, professional fees, and other operational costs.


document_description: This document discusses the conflicts of interest related to the Management Company, the General Partner, and their affiliates in relation to the Partnership and the Limited Partners' investments. It outlines the potential conflicts and the measures in place to resolve them fairly. It also highlights the complexity and dynamic nature of the relationships among the Underlying Funds, Other Accounts, the Management Company, and its affiliates.


document_description: The document outlines the proxy voting policies and procedures of the Management Company in compliance with Rule 206(4)-6 under the Advisers Act. It describes the role of the Proxy Voting Committee, the use of Institutional Shareholder Services (ISS) for proxy voting recommendations, and the conditions under which the Management Company may override ISS recommendations. It also addresses potential conflicts of interest and the discretion to abstain from voting when deemed in the best interest of an account.

title: Proxy Voting Policies and Procedures

document_subtype: policy document


document_description: The document discusses the valuation and compensation structure of Alpha Group Capital's Underlying Funds, highlighting potential conflicts of interest due to the General Partner's authority in valuation and the performance-based Incentive Allocation. It outlines the Management Fee and Incentive Allocation, emphasizing the potential for conflicts in investment opportunity allocation, valuation, and risk management.

document_subtype: Investment Fund Document


document_description: The document discusses potential conflicts of interest involving the Management Company, Hudson Bay Parties, and the Limited Partners' Representative in relation to the Partnership and the Master Fund. It highlights the roles and responsibilities of the Limited Partners' Representative and the Master Fund Board of Directors, and the potential conflicts arising from their involvement in other investment vehicles. The document also addresses the implications of the Master-Feeder Fund structure on asset allocation and tax considerations.

key_organizations:
Alpha Group Capital
Hudson Bay Parties
Management Company
Partnership
Master Fund
Limited Partners' Representative


document_description: The document discusses the legal framework governing a partnership, including the Limited Partnership Agreement, Subscription Agreement, and investment management agreement. It highlights the complexity and potential ambiguities in these agreements, especially regarding the rights and obligations of parties involved. The document also outlines the brokerage practices of the Management Company, emphasizing their discretion in selecting brokers and dealers based on various factors beyond just pricing.

key_organizations:
Alpha Group Capital
Management Company


document_description: The document discusses the policies and procedures of the Management Company regarding over-the-counter transactions, the use of Electronic Communications Networks (ECNs), and the use of 'soft dollars' in brokerage and research services. It outlines the factors considered when choosing ECNs, the review of execution quality, and the conditions under which 'soft dollar' services are used. It also addresses the potential conflicts of interest in cost allocation for mixed-use items obtained with soft dollars.


document_description: The document discusses the Management Company's use of brokerage commissions to obtain research or other products/services, and the potential conflicts of interest that may arise. It also covers the Management Company's approach to allocating brokerage business, capital introduction and consulting services provided by brokers, and custody of client funds and securities.

key_organizations:
Management Company
Alpha Group Capital


document_description: The document outlines the audit requirements and brokerage costs for the Partnership and Underlying Funds, emphasizing compliance with the Custody Rule and the challenges of non-U.S. investments. It also details the active management strategy of the Underlying Funds and introduces the Board of Directors of the Master Fund, highlighting their roles and experiences.

key_people:
Sander Gerber
Alan Milgate
Philip Dickie

key_locations:
Cayman Islands
Canada
New Zealand

document_subtype: business document

key_organizations: Public Company Accounting Oversight Board


document_description: The document discusses the tax implications for a partnership and its partners, including the treatment of taxable income, distributions, and the allocation of profits and losses. It outlines how the partnership operates as a pass-through entity for Federal tax purposes and the responsibilities of partners in reporting their distributive share of income or loss.

document_subtype: tax document

key_organizations:
Alpha Group Capital
The Master Fund
The HB Fund


document_description: The document discusses tax basis adjustments and tax consequences for partners in a partnership, particularly in cases of substantial basis reduction, built-in loss, and partner withdrawals. It outlines the requirements for partners to provide information on their adjusted tax basis and the tax implications of cash liquidating and nonliquidating distributions.


document_description: The document discusses the tax implications of property distributions and partnership investments for Alpha Group Capital. It outlines the conditions under which distributions of property, particularly marketable securities, are treated as cash distributions under Section 731 of the Code. It also details the tax treatment of partnership investments, including the use of the mark-to-market accounting method for securities and commodities trading, and the distinction between trading and investment positions for tax purposes.

document_subtype: Partnership Tax Document


document_description: The document discusses tax implications for the Alpha Group Capital Partnership, including significant modifications of debt obligations, Section 1256 Contracts, investments in REITs, and mixed straddle elections. It outlines how these financial instruments and strategies are treated under the tax code, including potential taxable events and deductions.


document_description: The document discusses the tax implications for limited partners in a partnership, specifically focusing on the effects of straddle rules, limitations on the deductibility of interest and short sale expenses, and the application of Section 1277 of the Code. It advises investors to consult tax advisers regarding these issues.


document_description: The document discusses the limitations on the deductibility of business interest expenses and investment expenditures for a partnership. It covers the application of Section 163(j) of the Code, which limits the deduction of business interest expenses, and the potential carryforward of disallowed expenses. It also addresses the deductibility of partnership investment expenditures and certain other expenditures, highlighting the impact of Temporary Regulations issued by the Treasury Department.


document_description: This document discusses the tax implications for noncorporate Limited Partners in the Partnership, particularly focusing on the deductibility of losses from passive activities and the limitations on net business losses. It explains how income or loss from investments in master limited partnerships (MLPs) is treated and the impact of Temporary Regulations issued by the Treasury Department on the characterization of income from equity-financed lending activities.

key_organizations:
Alpha Group Capital
Treasury Department


document_description: The document discusses the tax implications and reporting requirements for U.S. persons involved in a foreign partnership, specifically the Master Fund. It outlines the withholding tax obligations, information reporting requirements for contributions to foreign partnerships, and potential foreign taxes on dividends and interest. The document advises Limited Partners to consult tax advisers regarding these obligations.

key_organizations:
Alpha Group Capital
Master Fund
Service


document_description: This document discusses the tax implications for Limited Partners in the Alpha Group Capital Partnership, specifically focusing on foreign taxes and the potential for claiming tax credits or deductions. It outlines the limitations on foreign tax credits and the treatment of foreign source income, dividends, interest, and currency fluctuation gains. It advises Limited Partners to consult their tax advisers due to the complexity and individual circumstances affecting tax credit availability.

document_subtype: investment document


document_description: This document discusses the tax implications for exempt organizations, particularly focusing on unrelated business taxable income (UBTI) and acquisition indebtedness. It explains how UBTI is calculated and the conditions under which income from partnerships and securities may be considered UBTI. The document also touches on the treatment of short sales and option writing in relation to UBTI.


document_description: The document discusses the implications of investments by private foundations, private colleges and universities, and qualified retirement plans in a partnership. It highlights the excise taxes applicable to private foundations if investments jeopardize their exempt purposes, the need for annual distributions, and the potential classification of partnership interests as nonfunctionally related assets. It also covers the 'excess business holdings' provisions and the tax on net investment income for private colleges and universities. Additionally, it advises qualified retirement plans to consult legal counsel regarding ERISA implications.


document_description: The document provides guidance on the legal and tax considerations for investment managers of endowment funds, social clubs, voluntary employees' beneficiary associations, and supplemental unemployment benefit trusts. It discusses the Uniform Prudent Management of Institutional Funds Act, UBTI rules, excise tax on reportable transactions, and certain reporting obligations including FinCEN Form 114 and Form 8886 for reportable transactions.

document_subtype: Investment and Tax Advisory

reference_numbers:
Form 8886
FinCEN Form 114


document_description: The document discusses the tax implications for partners in the Alpha Group Capital Partnership, including federal, state, and local tax considerations. It highlights the requirement for partners to report certain transactions using Form 8886 and the penalties for non-compliance. It also addresses the potential state and local tax consequences and the need for partners to consult tax advisers.

key_organizations: Service's Office of Tax Shelter Analysis


document_description: The document outlines tax regulations and partnership agreement provisions for Alpha Group Capital. It discusses New York State and City tax implications for portfolio investment partnerships, withholding obligations, and exemptions for certain entities. The partnership agreement details limited liability for partners, specifying conditions under which partners may be liable for debts and obligations.

key_locations:
New York State
New York City

document_subtype: Partnership Agreement Summary


document_description: The document outlines the terms and conditions of the Alpha Group Capital Partnership, including its term, capital accounts, additional capital contributions, management, and valuation of partnership assets. The partnership will continue until a determination by the General Partner to dissolve it or upon certain events affecting the General Partner. Capital accounts are established for each partner, and contributions affect partnership percentages. Management is vested in the General Partner, and the valuation of assets is based on the Master Fund and HB Fund.

document_subtype: Partnership Agreement

key_organizations:
Alpha Group Capital
Master Fund
HB Fund


document_description: The document outlines the withdrawal procedures and limitations for Limited Partners in a partnership, including the calculation of the Applicable Percentage limit and the conditions under which withdrawals can be made. It also discusses the treatment of Related Investors and the conditions under which the General Partner may allow withdrawals outside the standard schedule.


document_description: This document outlines the conditions under which Limited Partners of Alpha Group Capital can withdraw their interests from the fund. It details the circumstances that may affect the valuation of the fund's assets, the process for withdrawal requests, and the conditions under which the Applicable Percentage does not apply. It also explains the allocation of retained amounts and the requirements for Offsetting Contributions.

document_subtype: financial agreement


document_description: The document outlines the procedures and conditions related to the death, disability, or other incapacitating events of a Limited Partner in a partnership. It details the rights of legal representatives, the process for withdrawal from the partnership, distribution policies, and the assignability of a Limited Partner's interest. The General Partner has significant discretion in these matters.


document_description: The document outlines the terms of a Partnership Agreement for Alpha Group Capital, including indemnification provisions, confidentiality obligations, and limitations on transferability. It specifies that the Partnership may advance legal fees to indemnified parties, which must be reimbursed if indemnification is not warranted. Confidential information must be protected, with exceptions for tax-related disclosures. The document also addresses the impact of public records laws on confidentiality and the limitations on transferring interests due to securities regulations.


document_description: The document discusses the compliance requirements for ERISA and anti-money laundering regulations for the Alpha Group Capital Partnership. It advises ERISA Plan and Individual Retirement Fund investors to consult with legal counsel regarding participation in the Partnership. The document also outlines the Partnership's obligations to verify the identity of investors to prevent money laundering and terrorist financing, and the potential consequences of non-compliance.


document_description: The document outlines the role of Schulte Roth & Zabel LLP as legal counsel to the Partnership, the General Partner, the Management Company, and the Underlying Funds in connection with an offering of Interests. It clarifies that Schulte does not represent Limited Partners and is only responsible for matters of United States law. The document also highlights potential conflicts of interest between Limited Partners and the Management Company or General Partner.

key_locations: 919 Third Avenue, New York, New York 10022

document_subtype: legal counsel memorandum

key_organizations:
Schulte Roth & Zabel LLP
Partnership
General Partner
Management Company
Underlying Funds


document_description: Instructions for wiring bank regarding prospective investor wire transfers and subscription acceptance policy for Alpha Group Capital.


document_description: This document is a subscription agreement for an interest in the Hudson Bay Fund LP. It outlines the rights of the Partnership to reject subscriptions, the representations and covenants of the investor, and the conditions under which the interest can be transferred. The investor acknowledges the receipt of relevant documents and agrees to the terms regarding the non-registration of the interest under the Securities Act of 1933.

key_locations:
Cayman Islands
State of Delaware

document_subtype: Subscription Agreement

key_organizations:
Hudson Bay Fund LP
Hudson Bay Capital Management, LP
Hudson Bay Master Fund Ltd.
HB Fund LLC
International Fund Services (N.A.) LLC


document_description: This document is a Subscription Agreement for an investor in the Hudson Bay Fund LP. It outlines the investor's authority, capacity, and compliance with terms related to acquiring and holding interest in the fund. It includes representations and warranties about the investor's financial status, the unaudited nature of valuations, and compliance with the Investment Company Act of 1940. The agreement also discusses the allocation of transaction costs by the General Partner.


document_description: The document is a subscription agreement for the Hudson Bay Fund LP, outlining the investor's consent to various arrangements and acknowledgments regarding the roles and responsibilities of the General Partner, Management Company, and legal counsel Schulte Roth & Zabel LLP. It includes details on potential conflicts of interest, payment agreements with placement agents, and specific considerations for charitable remainder trusts.

key_organizations:
Hudson Bay Fund LP
General Partner
Management Company
Underlying Funds


document_description: The document is a subscription agreement for Hudson Bay Fund LP, outlining confidentiality terms and ERISA compliance for investors. It specifies conditions under which the partnership may disclose investor information and details fiduciary responsibilities for ERISA plans.

key_organizations:
Hudson Bay Fund LP
General Partner
Management Company
Administrator


document_description: This document outlines the representations and warranties required from an investor in the Hudson Bay Fund LP. It includes clauses related to compliance with OFAC and other sanctions lists, anti-money laundering laws, and the status of the investor as a senior foreign political figure. The document specifies the actions that the Partnership and Administrator may take if the investor cannot meet these requirements, including freezing accounts and reporting to authorities.

key_organizations:
Hudson Bay Fund LP
OFAC


document_description: This document is an investor profile form for Hudson Bay Fund LP, requiring investors to classify themselves under specific investor types as per Form PF requirements.

title: HUDSON BAY FUND LP - INVESTOR PROFILE FORM

document_subtype: Investor Profile Form


document_description: The document is an investor profile form for Hudson Bay Fund LP, providing consent for electronic delivery of account communications. It outlines the types of documents covered, the medium of delivery, duration of consent, and associated costs and risks.

title: Consent to Electronic Delivery of Account Communications

key_organizations:
Hudson Bay Fund LP
Alpha Group Capital


document_description: The document outlines general eligibility representations for investors in the Hudson Bay Fund LP, focusing on government entity ownership and compliance with the Pay to Play Rule under the Investment Advisers Act of 1940. It includes sections for investors to declare government entity involvement, compliance obligations, and registration status under the Company Act.

document_subtype: investment eligibility representation


document_description: The document outlines general eligibility representations for investors in the Hudson Bay Fund LP, including tax information requirements. Investors must complete Form W-9 for tax identification and certification.


document_description: The document outlines the criteria for an investor to be considered a 'qualified purchaser' under the Company Act, specifically for the Hudson Bay Fund LP. It details the requirements for individuals, retirement accounts, family corporations, and other entities to qualify based on investment holdings.

document_subtype: investment eligibility certification


document_description: The document outlines general eligibility representations for investors in the Hudson Bay Fund LP. It specifies conditions under which trusts, corporations, and other entities qualify as investors, including asset contribution and discretionary investment thresholds.


document_description: The document outlines the eligibility requirements for investors in the Hudson Bay Fund LP to participate in new issues as defined by FINRA Rule 5130. It specifies conditions under which investors, both individuals and entities, can participate in profits and losses from new issues, and provides exemptions for certain types of entities.

key_organizations:
Hudson Bay Fund LP
FINRA


document_description: This document outlines the general eligibility representations for investors in the Hudson Bay Fund LP, specifically focusing on the determination of restricted status. It includes a table where investors can initial to indicate their status related to broker-dealer affiliations and other financial roles.

title: General Eligibility Representations for Hudson Bay Fund LP

document_subtype: eligibility representation


document_description: This document is a subscription agreement for Hudson Bay Fund LP, requiring investors to complete and sign the agreement. It includes sections for individual and entity investors to provide signatures and print names, as well as sections for trustees or fiduciaries to sign if applicable.

title: Hudson Bay Fund LP Subscription Agreement Signature Pages


document_description: Signature page for investors to agree to the terms of the Limited Partnership Agreement for Hudson Bay Fund LP, binding them as limited partners.

title: Hudson Bay Fund LP Limited Partnership Agreement Signature Page

document_subtype: Limited Partnership Agreement


document_description: A notarization acknowledgment for a Limited Partnership Agreement involving HUDSON BAY FUND LP, indicating the execution of the agreement by an individual in the specified capacity. The document is incomplete with missing details such as the state, county, date, and the name of the individual.

title: Notarization Acknowledgment for Limited Partnership Agreement

document_subtype: Notarization Acknowledgment

key_organizations:
HUDSON BAY FUND LP
Alpha Group Capital


document_description: This document is an additional subscription form for an investor wishing to make an additional capital contribution to the Hudson Bay Fund LP. It outlines the terms and conditions for the contribution, including wiring instructions and requirements for limited partners making an offsetting contribution.

title: Additional Subscription Form for Hudson Bay Fund LP

key_locations:
New York, NY
Boston, MA

document_subtype: subscription form

key_organizations:
Hudson Bay Fund LP
International Fund Services (N.A.) LLC
State Street Bank and Trust Company


document_description: A form for Limited Partners to request withdrawal of additional amounts from their Capital Account, specifically related to a 4% Excess Withdrawal. It includes sections for eligibility and related investors or advisory relationships.

document_subtype: Withdrawal Request Form

key_organizations:
Alpha Group Capital
Hudson Bay International Fund Ltd.


document_description: A Limited Partner is submitting a withdrawal request and considering aggregation of Related Investors for calculating maximum permissible withdrawal and 4% Excess. The document outlines conditions for Offsetting Contributions and potential penalties for non-compliance.