1.  Care should be taken to ensure that inducements do not create unacceptable conflicts of interest or influence the Hedge Fund manager to put its own interests before those of its clients or to act otherwise than in the best interest of its clients.

1.  No applicable guidance.

2.  Any other forms of inducement, given to or received by Hedge Fund managers or their employees, should be monitored to ensure they are appropriate in the circumstances and not likely to unduly influence the judgment of the recipient.

2.  No applicable guidance.