Form D · Hedge Fund

2X PAULSON ADVANTAGE FUND PC

St. Helier, Y9 · CIK 0001444853

Offering snapshot reported Feb 22, 2012 · SEC filing

Reported sold: $10.6M
Investors reported: 8
Minimum accepted: $100K
First sale: Jun 10, 2008

Fundraising history

Reported sold

Dates are filing dates, not cash receipt dates. Decreases are reported revisions, not evidence of withdrawals. Separate offering histories are not added together.

What changed?

Latest filing versus its linked predecessor, where available.

Reported sold$7,514,478 → $10,614,478
Reported investors5 → 8

Filing history

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Filed	Filing type	Reported sold	Change vs linked filing	Investors	Source
Feb 22, 2012	Amendment	$10,614,478	$3,100,000vs Feb 17, 2010	8	SEC filing
Feb 17, 2010	Amendment	$7,514,478	No comparison	5	SEC filing
Sep 4, 2008	Paper	Not reported	No comparison	Not reported	SEC filing

Offering details

Securities: Equity, Pooled investment fund
Exemptions: 06, 3C.7
Duration over one year: Yes
Business combination: No

Sales commissions: $0 (estimated)
Finders' fees: $0
Form D file number: 021-122370

SG Americas Securities, LLC is paid a continuing fee, out of the administrative fee, based on the fund's net asset value ("NAV"). That fee is currently set at up to 0.95% of NAV. As NAV may vary considerably, the fee's amount is not presently calculable.

Sales compensation recipients

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Recipient	CRD	Associated broker-dealer
SG Americas Securities, LLC	128351

Source: Form D, filed Feb 22, 2012. Minimum accepted may differ from a standard advertised minimum.

Fund connections

The linked fund shows its most recently reported ADV details.

Matched by reported Form D file number

2X PAULSON ADVANTAGE FUND PC

Investment adviser: LYXOR ASSET MANAGEMENT S.A.S.

Gross asset value: $14.1M
Beneficial owners: 23
ADV minimum commitment: $100K

Reported in Form ADV on Jun 5, 2012. Fund assets and beneficial owners measure different things from Form D sales and investors.

Service providers

Fund administrator RBC DEXIA INVESTOR SERVICES BANK LUXEMBOURG, Luxembourg Investor statements: No (provided to no investors) Related to adviser: No

Auditor PRICEWATERHOUSECOOPERS CI LLP ST HELIER, Jersey

Custodian SG HAMBROS TRUST COMPANY (CHANNEL ISLANDS) LIMITED ST HELIER, Jersey Related to adviser: Yes

Marketer ABN AMRO PRIVATE BANKING AMSTERDAM, Netherlands Related to adviser: No

Marketer BANCA CREDINVEST SA LUGANO, Switzerland Related to adviser: No

Marketer BANQUE FEDERATIVE DU CREDIT MUTUEL PARIS, France Related to adviser: No

Marketer SOCIETE GENERALE PRIVATE BANKING PARIS, France Related to adviser: Yes

Marketer UNION BANCAIRE PRIVEE GENEVA, Switzerland Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

Filing source

Form ADV 650977 · Jun 5, 2012 · Schedule D 7.B.(1), fund 805-6062239744

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

People & organizations

Current and past Form D appearances. These existing records do not establish a person's current role or uniquely identify them across issuers.

People and organizations reported in Form D filings
Name	Reported role
Tarlochan Singh Bolla	Director
John Boothman	Director
Gildas Joseph Owen Brian	Director
Brian Christopher Chambers	Director
Lionel Erdely	Director
Stephen Folland	Director
Nicolas Gaussel	Director
Thouraya Jarray	Director
Gustav Meyer	Director
Anita Philippe	Director
Alastair William Torvaney	Director

Issuer details

Industry: Pooled Investment Fund (See others in industry)

Address:

18 Esplanade
St. Helier, Y9, JE4 8RT