EFTA Document EFTA01386219

AGP LP 519 Alpha Group Caudal Paul Barrett Committee will normally review reports on the volume and type of business executed with various brokers. Brokerage commissions which a client pays may vary in accordance with the particular broker used to execute a trade and the type of portfolio managed by Alkeon on behalf of a particular client. Rates for both listed and over-the-counter ("OTC") trades executed through electronic crossing networks ("ECNs") are transacted at rates less than that