It was established on January 1, 1997. To date, the Partnership has invested its assets in investment vehicles that invest, either directly or through other investment vehicles, in securities. However, it now seeks to invest in vehicles which may trade commodity interests, such as the Pool. Various Endowment Trusts E A Family Member is a director or trustee of each foundation, except Foundation I, in which case B is a director. B and the children of one of the Family Members are the trustees of one of the charitable remainder trusts and the children of another Family Member are the trustees of the other charitable remainder trust.
E serves as a trustee of each of the various endowment trusts.
Moreover, in establishing the foundations, charitable remainder trusts and the endowment trusts, a Family Member has established the purposes of the applicable entity. The Adviser is registered as an investment adviser under the Investment Advisers Act of 1940. The sole business of the Adviser is to make all of the investment decisions for, and manage the assets of, the Partnership and other family partnerships. In this regard, each General Partner has entered into an investment advisory agreement with the Adviser whereby the General Partner has delegated to the Adviser investment authority with respect to the General Partner. The sole director of the Adviser is G , who also serves as the Adviser s President and Chief Investment Officer.