1.  A Hedge Fund Manager should develop and maintain trade allocation policies, disclose the material aspects of these policies to its Hedge Fund investors, and document any material deviations therefrom.

1.  No applicable guidance.

2.  A Hedge Fund Manager should include the material aspects of its trade allocation policies in a Hedge Fund’s offering documents and, with respect to a U.S.-registered investment adviser, in the Hedge Fund Manager’s Form ADV that is filed with the SEC.

2.  No applicable guidance.