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sd-10-EFTA01384591Dept. of JusticeOther

EFTA Document EFTA01384591

HUBUS133 Alpha Group Capital HUDSON BAY CAPITAL Risk Mitigation Risk. Mitigation is Integrated Throughout the Investment Process and At All Levels of the Firm Position Level • Risk Management begins at the position level through the Deal Code System • Hedging at the position/Deal Code level enables the portfolio to benefit from the power of diversification • Deal Codes are generally sized to minimize portfolio exposure and risk • Position level risk guidelines are designed to bu

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Dept. of Justice
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sd-10-EFTA01384591
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HUBUS133 Alpha Group Capital HUDSON BAY CAPITAL Risk Mitigation Risk. Mitigation is Integrated Throughout the Investment Process and At All Levels of the Firm Position Level • Risk Management begins at the position level through the Deal Code System • Hedging at the position/Deal Code level enables the portfolio to benefit from the power of diversification • Deal Codes are generally sized to minimize portfolio exposure and risk • Position level risk guidelines are designed to bu

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Text extracted via OCR from the original document. May contain errors from the scanning process.
HUBUS133 Alpha Group Capital HUDSON BAY CAPITAL Risk Mitigation Risk. Mitigation is Integrated Throughout the Investment Process and At All Levels of the Firm Position Level • Risk Management begins at the position level through the Deal Code System • Hedging at the position/Deal Code level enables the portfolio to benefit from the power of diversification • Deal Codes are generally sized to minimize portfolio exposure and risk • Position level risk guidelines are designed to build a portfolio of independent, diversified trades with limited risk Portfolio Level • Market Factor Monitoring • Portfolio Diversification Risk Monitoring • Strategy Allocation Framework • Leverage and Liquidity Management • Style Drift Monitoring • Weekly Portfolio Manager/Risk Meeting • Risk Committee Meetings Risk Management Operational Level Internal Operational Risk Working Group • Independent Administrator • Valuations are obtained by a third party administrator from independent pricing sources • Financing and clearing counterparties are carefully selected and monitored • Risk Management is anchored by an adherence to established policies and procedures Positions, Portfolio and Operational Risk are Monitored by the Chief Risk Officer CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0084907 SDNY_GM_00231091 EFTA01384591

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