Operating Agreement for Hedge Funds

1. Introduction

This Operating Agreement outlines the management structure, operational procedures, and financial arrangements of the hedge fund.

2. Definitions

Define key terms used in the agreement, such as "Members", "Manager", "Capital Contributions", etc.

3. Formation

State the formation details of the hedge fund, including the name, principal office, and the date of formation.

4. Purpose

Describe the purpose of the hedge fund, including investment strategies and objectives.

5. Members

List the members of the hedge fund and their respective roles and responsibilities.

6. Management

Outline the management structure, including the powers and duties of the Manager.

7. Capital Contributions

Detail the capital contributions required from each member and the process for additional contributions.

8. Distributions

Explain how profits and losses will be distributed among members.

9. Meetings

Specify the frequency and procedures for meetings of the members.

10. Amendments

Describe the process for amending the Operating Agreement.

11. Miscellaneous

Include any miscellaneous provisions, such as governing law and dispute resolution.