This document contains a questionnaire for new funds with 37 questions seeking information about various aspects of setting up and operating an investment fund. The questions cover topics such as the fund name, jurisdiction, share capital structure, assets under management, directors, bankers, listing, investment program, restrictions, risk management, fees and other operational details. It was prepared by Cummings Law and dated June 2012.

1.
42 Brook Street, London W1K 5DB
Tel: ++ 44 20 7585 1406 www.cummingslaw.com
Regulated by the Solicitors Regulation Authority number 365750
Please contact us if you would like to arrange a meeting
NEW FUNDS’ QUESTIONNAIRE
1 Name
2 Jurisdiction
3 Share capital and classes (including denomination, reduced fees for founders and New
Issues)
4 AUM at launch and seeding possibilities
5 Directors
6 Secretary
7 Bank account
8 Listing
9 Feeder Fund
10 Fund of Funds
11 US investors
12 Marketing
13 Investment Manager
14 Investment Adviser (s)
15 Distributor
16 Administrator
17 Custodian

2.
42 Brook Street, London W1K 5DB
Tel: ++ 44 20 7585 1406 www.cummingslaw.com
Regulated by the Solicitors Regulation Authority number 365750
Please contact us if you would like to arrange a meeting
18 Prime Broker
19 Clearing Broker
20 Trading parties and arrangements
21 Investment programme (including any New Issues)
22 Investment restrictions
23 Risk Management
24 Leverage
25 Risk factors
26 Borrowing
27 Liquidity
28 Redemption and/or subscription charges
29 Minimum subscriptions
30 Management fee (percentage and frequency)
31 Performance fee (percentage and frequency)
32 Equalisation or series
33 Investor base e.g. US, European, Far East, Middle East
34 AIFMD or US regulatory issues

3.
42 Brook Street, London W1K 5DB
Tel: ++ 44 20 7585 1406 www.cummingslaw.com
Regulated by the Solicitors Regulation Authority number 365750
Please contact us if you would like to arrange a meeting
35 Infrastructure for data, back up, disaster recovery
36 Timing
37 Website design, pitch book and client relation management software
Cummings
June 2012
This document is for general guidance only. It does not contain definitive advice