MPSIF Organizational Structure 20 September 1999 First Step

MPSIF Organizational Structure 20 September 1999

First Step n Multiple Needs within MPSIF and the Funds – Administration, Idea Generation, Management Allocate Roles to Facilitate the Start-up Process and the Active Management of the Funds

MPSIF Roles Portfolio / General Manager (1) 1. - Oversees all aspects of respective Fund - Coordinates Portfolio Construction - Final say on investment decisions - Risk Manager - Member of Management Committee

MPSIF Roles (cont. ) 2. Directors of Research (2 -3) - Responsible for coordinating research effort - Initiate in-house research and gather sellside research - Interact with sell-side analysts; attend investor conferences

MPSIF Roles (cont. ) 3. Trader (1) - Responsible for trade execution, settlement - Position monitoring, mark-to-market reports - Research software for position keeping - Custody, broker lines, ECN’s

MPSIF Roles (cont. ) 4. Economists (2) - Develop Macroeconomic View - Coordinate with Directors of Research - Interact with outside economists; attend investor conferences

MPSIF Roles (cont. ) Marketing, Reporting, Compliance (2) 5. - Responsible for all required reports (quarterly, annual, any filings) - Documentation : acct openings, acct reports (NYU, brokers, ECNs) - PR: Website, Opportunity, - Expert on legal issues unique to MPSIF

Matrix

Next Step Each Fund and each Role Sub-Group will outline/identify tasks n Pool Resources: Research, Contacts n Set Timetable for task completion n Target Date for First Investment: 1 December 1999 n