Private Placement Memorandum PPM
Private Placement Memorandum PPM refers to an offering circular for the interest of shares of a Hedge Fund, which discloses, inter alia, all material terms of the interests of shares being offered to investors, the details of the General Partner or the members of an offshore Hedge Fund’s board of directors, information about the Investment Adviser and the Management Agreement, material risks factors for an investment in the Hedge Fund, regulatory matters, tax aspects, and information about the Administrator and the fees it charges. “Portfolio Manager” (or the “PM”) means a senior trading or investment professional employed by an Investment Adviser responsible, solely or within a team, for researching, recommending and/or effecting investment transaction for a Hedge Fund.