Part of Lunar Investment Group Holding Ltd.

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Operations & Risk

Infrastructure & Risk Governance

Administration, audit, legal counsel, and custody are each performed by independent third-party providers. These core control functions are structurally separate from the investment manager.

Fund Administration

NAV Fund Services (Cayman)

Independent NAV calculation, investor onboarding, and regulatory reporting.

Audit

KPMG Cayman

Annual US GAAP audit with independent verification of fund assets and NAV accuracy.

Legal Counsel

Walkers (Global)

Cayman legal counsel for fund structuring, PPM drafting, and regulatory compliance.

Custody Architecture

Multi-Custodian: BitGo · Copper · Anchorage

Digital assets held across multiple institutional custodians with cold storage and multi-sig controls.

Banking & Cash Management

Northern Trust

USD cash handling for investor subscriptions and redemptions, separate from digital-asset custody.

Risk Management

Defined Risk Framework

Defined risk parameters per the PPM. Gross and net exposure, concentration, counterparty, and liquidity limits monitored daily.

Formal breach protocols and escalation procedures. No discretionary override of mandated limits.

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01
PPM Mandate Limits
Exposure, concentration, and counterparty ceilings defined per fund
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02
Daily Monitoring
All positions checked against limits at close of each trading day
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03
Breach Protocol
Automated flagging with mandatory escalation — no discretionary override
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04
Board Oversight
Independent director and governance structure review material breaches

Valuation

NAV Calculation & Reporting

NAV calculated daily at 17:00 UTC by NAV Fund Services. Valuation based on closing prices from regulated exchanges. All positions independently verified.

01
17:00 UTC Close
Closing prices captured from regulated exchanges
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02
Independent Calculation
NAV Fund Services calculates NAV — not the Investment Manager
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Position Verification
All holdings independently verified against custodian records
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04
Investor Reporting
Monthly statements and quarterly reports via administrator, not the manager

Monthly NAV statements and quarterly reporting distributed through the fund administrator, not the Investment Manager. Annual financials prepared under US GAAP and audited by KPMG Cayman.

Governance

How Investor Protections Work in Practice

Investor protections are built into the operating model, not layered on afterwards. Limits, oversight, and reporting independence are structural, not discretionary.

Mandates & Limits

Each portfolio operates within documented limits set out in the offering materials.

Ring-Fenced Structure

Assets and liabilities of each portfolio are segregated under Cayman law.

Independent NAV

Valuation is performed by NAV Fund Services, separate from the investment manager.

Third-Party Oversight

Administration, audit, legal, and custody remain structurally separate from portfolio management.

For investors, the point is simple: exposure is paired with governance, not separated from it.

For Eligible Professional Investors

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Qualified investors may receive, following review, the PPM, relevant Segregated Portfolio Supplement(s), DDQ, and current factsheet(s).

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