Accounting for Hedge Fund

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					        General Data              7a7a0b21-1b4f-4981-9d72-0b7e714b1be8.xls            12/3/2010




Name
Title
Email Address
Firm Name                                Please Enter Firm Name Here



Do not leave any blanks
Please enter n/a as appropriate
Please enter %
I. Fee Structure
                                              Fund 1            Fund 2       Fund 3

Management Fees


Performance Fees


Other Fees


Total Fees


If other please specify
           Instructions                                            7a7a0b21-1b4f-4981-9d72-0b7e714b1be8.xls




Compensation Data Collection Sheet Instructions
Participating organizations have an option of one out of two ways to complete the Compensation Data Spread Sheet, as follows:
  -     By individual: List each employee separately.
        By position - Identify number of incumbents in each position, then show the average compensation for the group of incumbents on that position. (If you
  -
        have incumbents on a position in more than one location, please list the number and average for each loc
        If most employees on a position participate in a plan/program, but the amount is zero, enter “0.” Conversely, if most employees on a position do not participate in a
  1
        plan/program, enter “NA” This will help us determine the % of employees that participate
  2     Salary per employee. Partial year employees should have amounts annualized for this purpose.
  3     Cash bonus per employee at this position. Partial year employees should have amounts annualized for this purpose – or use” target” bonus.
        Bonus per employee (whether paid or deferred or paid in equity) at this position. Partial year employees should have amounts annualized for this purpose – or use”
  4
        target” bonus.
  5     Please enter the value of benefits and all other compensation. If employee does not receive the benefit, please enter "N/A"




           Confidential                                                              12/3/2010                                                                    Page 2
                                                                                                        Compensation Data Collection Sheet - HF

Compensation Data Collection Sheet - Hedge Funds
Please Enter Firm Name Here
Please Select Your Currency
(Do not leave blank cells. Enter “0” or “NA”, as applicable)1
                                                                       Cash Annual Bonus3                                                                                                                                5
                                                Base Salary2 (000's)                                                                   Total Bonus4                                    Benefits and All other Compensation
                               For US & UK                                   (000's)          Bonus (Paid in    Bonus (Deferred in
           No. of                  only                                                     Performance Year)   Performance Year)
Job Code            Country                       As of      As of      Performance Year                                             Performance Year      U.S./ U.K./Europe                                 U.K./Europe Only
            Ees               Location (City,
                                  State)         April 1,   April 1,
                                                                                                                                                        Cash Equivalent Value of   Car Cash    Employer Pension       Dividend or Partners Profit Share in
                                                  2010       2009        2009     2008       2009      2008      2009      2008       2009     2008
                                                                                                                                                          Employee Benefits        Allowance     Contribution         respect of most recent financial y/e
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00
  Select            Select                        0.00       0.00        0.00      0.00      0.00      0.00       0.00      0.00      0.00      0.00              0.00               0.00             0.00                            0.00




           Confidential                                                                                                   12/3/2010                                                                                                    Page 3
                    Job Descriptions                                   7a7a0b21-1b4f-4981-9d72-0b7e714b1be8.xls


                                                                                         2010 Alternative Asset Management Survey

                                         Typical
                Job Code                                                                              HF Investment Management Positions
                                        Job Titles
                                                               One or more top level partners that provide overall firm leadership, focusing on investment activities. Typically
                 HF01      CEO/CIO/Managing Partner(s)         serves as Chief Investment Officer. Initiates and manages hedge business activities, from business strategy to
                                                               product origination.
                                                               Manages one or more specific hedge funds. Accountable for the performance of the fund with responsibility for
                           Senior Fund Manager/Senior          identifying and implementing appropriate investments in line with the fund strategy. Responsible for management
                 HF02
                           Partner                             of investment team. Would typically have 10 to 15 years experience in the asset managment sector, with at least 5
Investment




                                                               years experience in hedge fund
                                                               Manages smaller hedge fund or provides support to a Senior Fund Manager. Responsible for implementing
                                                               policies and procedures approved by senior management. May be involved in identifying appropriate investments
                 HF03      Fund Manager/Partner
                                                               in line with fund strategy. Typically has around 10 years experience in asset managment with 2 to 5 years
                                                               experience in hedge funds.
                           Junior Fund Manager/Portfolio       Provides support to more senior fund managers, assisting with investment activities and producing research for
                 HF04
                           Manager                             the hedge fund team.
                                                               Perform basic investment and/or research to support Fund Managers. They have a college degree or equivalent
                 HF05      Analyst(s)
                                                               business experience.
                                                               This position normally exists at the larger private equity firms; the COO is responsible for the non-deal-making
                 AS01      Chief Operating Officer (COO)       aspects of the organization, including internal business operations such as human resources, finance/accounting,
                                                               compliance, and technology. The position also may oversee fund raising, marketing, and communications.
Admin/Support




                                                               This position supervises support staff and oversees routine administrative functions of the firm. Reports to the
                 AS02      Administrative/ Office Manager
                                                               Managing General Partner or COO or CFO, depending on the size of the firm.
                                                               This position provides full secretarial and administrative support to the CEO/ Managing Partner and other Senior
                 AS03      Executive Assistant                 Partners including setting up of meetings and conference calls; ordering and receiving supplies for the office;
                                                               putting together numerous reports; sending out mailings; and responding to various other requests.

                 AS04      Secretary/ Administrator            Provides secretarial and administrative for individual investment executives or for the whole investment team
                 AS05      Receptionist                        Responsible for reception duties for the firm
                                                               This senior level professional heads up finance/accounting for the firm and its limited partnerships. The position
                 FN01      Chief Financial Officer (CFO)       also may have responsibility for the business operations of the firm, such as human resources, compliance and
                                                               technology. At larger firms, the CFO may report to the COO.
                                                               This professional performs accounting, financial monitoring, reporting and similar services. Reports to the
                 FN02      Controller
                                                               Managing General Partner or COO or CFO, depending on the size of the firm.
Finance




                 FN03      Assistant Controller                This position assists the Controller and/or CFO with their various duties and responsibilities.

                 FN04      Senior Accountant                   Performs at least two accounting functions, such as accounts payable, accounts receivable, or book-keeping.

                                                               Junior member of the finance team, typically would not be qualified, responsible for day-to-day maintenance of
                 FN05      Junior Accountant
                                                               accounts records.
                                                               Predominantly an administrative position, responsible for maintaining administrative records and working on
                 FN06      Fund Accountant                     reconciliation statements for funds. Assists in preparation of fund portfolio statements and profit & loss reporting on
                                                               funds.
                           Chief Marketing Officer/ Head of    This professional is responsible for fund-raising and other limited partner relations, including quarterly reports and
                 MK01
                           Marketing                           regularly scheduled meetings.
                                                               Supports the Head of Marketing in fund-raising and other limited partner relations, including quarterly reports and
Marketing




                 MK02      Marketing Manager
                                                               regularly scheduled meetings. In smaller firms may be the only marketing role.
                                                               Lead role in communications with both investors and press, communicating group’s strategy , fund performance
                           Investor Relations Director/ Head
                  IR01                                         and messages as agreed by the CEO/ Managing Partner and senior management team. Role may be taken by a
                           of Investor Relations
                                                               senior partner in the business and may also incorporate the marketing function.
                                                               Provides support and assistance to the Investor Relations Director in communicating with fund investors, both
                  IR02     Investor Relations Manager
                                                               regular and ad hoc.
                                                               This professional is responsible for coordinating legal work by outside counsel. It also may provide legal advice on
                 LG01      Chief Legal Counsel
                                                               fund formation, entering and exiting portfolio companies, and assisting portfolio companies.
Legal




                                                               Responsible for ensuring that the firm is in compliance with all relevant regulations. Ensures adequate monitoring
                 LG02      Compliance & Risk Officer           of investment activities, undertakes audits of investment procedures and advises CEO/ Managing Partner and
                                                               Legal team on all compliance related issues.
                           Chief Human Resources/ Talent       This professional is responsible for various Human Resources functions, such as recruiting, performance
                 HR01
                           Officer                             management, compensation and employee benefits. Often recruits executives for portfolio companies.
HR




                                                               Responsible for day-to-day administration of HR functions, including payroll, staffing and recruitment. Implements
                 HR02      Human Resources Manager
                                                               and monitors HR programmes and strategy as determined by senior executives.
                 HR03      Human Resources Executive           Provides administrative and secretarial support to the HR Director and HR Manager
                                                               This position is responsible for purchasing and operating computer networks and various software and hardware.
                  IT01     Chief Technology Officer
                                                               It also is responsible for communications systems (phones, etc).
IT




                                                               Works with Head of IT or outsourced IT support to manage the firm’s IT applications and infrastructure. In smaller
                  IT02     Information Technology Manager
                                                               firms may be the most senior IT position.




                    Confidential                                                          12/3/2010                                                                 Page 4

				
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