Common use of Concentration Rules Clause in Contracts

Concentration Rules. Pursuant to the investment objective and strategy of the Sub-Fund, the Sub-Fund will invest at least 85% of its assets in the Master Fund and up to 15% of its assets in liquid assets, as described in above under the heading “Permitted Investments”. Subject to the Master Fund’s investment restrictions and the UCITS law, the Master Fund is not restricted as to the percentage of assets which may be invested in any particular industry, instrument, market or strategy. In attempting to maximize the returns, the Master Fund may concentrate holdings in certain industries, instruments, markets or strategies, which in the Investment Manager’s sole judgement, provide the best profit opportunities and are consistent with the Master Fund’s investment objective and permitted investments.

Concentration Rules. Pursuant to the investment objective and strategy of the Sub-Fund, the Sub-Fund will invest at least up to 85% of its assets in the Master Fund and up to 15% of its assets in liquid assets, as described in above under the heading “Permitted Investments”. Subject to the Master Fund’s investment restrictions and the UCITS law, the Master Fund is not restricted as to the percentage of assets which may be invested in any particular industry, instrument, market or strategy. In attempting to maximize the returns, the Master Fund may concentrate holdings in certain industries, instruments, markets or strategies, which in the Investment Manager’s sole judgement, provide the best profit opportunities and are consistent with the Master Fund’s investment objective and permitted investments.