Forex
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07-01-2008, 02:18 AM
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What is private placement memorandum
As a matter of practice, forex funds generally provide investors with a PPM before an investment is made. As with any other offering solely to accredited investors, there are no specific disclosure requirements that pertain to the PPM under Section 4(2) or Rule 506.
Certain basic information about the forex fund’s adviser and the hedge fund is disclosed. The information disclosed in PPMs varies from adviser to adviser, however, and often is general in scope. PPMs discuss in broad terms the fund’s trading strategies and practices. They also typically disclose the forex fund’s traded currency pairs. The PPM may disclose that the adviser has discretion to invest fund assets outside the stated strategy or strategies. PPMs also discusses qualifications and procedures for a prospective investor to become a limited partner, as well as provide information about the hedge fund’s operations. PPMs discuss fund expenses, allocations of gains and losses, tax aspects of investing in the fund and may incorporate the hedge fund’s financial statements. PPMs disclose any lock-up period that new investors must observe, as well as laying out the specifics for when investors will be able to redeem some or all of their investments out of the forex fund. PPMs also name service providers to the fund. PPMs disclose potential conflicts of interest to investors.      
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07-28-2008, 06:40 AM
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Ppm
True, my boss just employed PPM.net, also privateplacementmemo.com to write our Forex Private Placement Memorandum.
Good stuff. A
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| forem, investment., ppm |
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