Structure

DQS Absolute Return Fund is not a legal entity but a contractual arrangement sui generis between the fund manager, the custodian and the participants, under Dutch law. It has a semi open-ended structure, which means that the fund will, at the request of participants, issue and redeem participations on a monthly basis against the net assets value.

DQS Absolute Return Fund is governed by the Dutch act on Financial Supervision and other regulations and is subject to external audit. DQS Absolute Return Fund is not supervised by the Authority for the Financial Markets (AFM) as it is exempt from the license requirement under the Dutch act on Financial Supervision. As in the case of an AFM-registration, the interests of the participants are primarily protected by an adequate fund structure with clear internal audit and a strict segregation between custodian, fund management and administrator, taking into account that the custodian and administrator are independent of the fund management. For further information, please refer to the Terms and Conditions of the prospectus.

Stichting DQS Custodian (the custodian) will be the legal owner of all assets of the fund. The custodian will acquire and hold the assets of the fund and assume obligations on behalf of and for the account of the participants. The custodian will act solely in the interest of the participants. The independent director of the custodian is IMFC Bewaarder B.V. The custodian will grant a power of attorney to the fund manager to manage the assets of the fund in accordance with the terms and conditions stated in the prospectus.

DQS Investment Management B.V. will act as the fund manager of the fund. The founders of the fund are also the shareholders and managing directors of the fund manager; they participate substantially in the fund, thus aligning their interests with those of the other participants. DQS Investment Management B.V. is a fully independent company; its only revenues come from the management and performance fees generated by the fund.

IMFC Fund Services B.V. will act as administrator of the fund.

The external audit is done by KPMG.