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CLIENT TESTIMONIALS

I have been working with Hannah since 2014. She set up my investment advisory firm, completed my state registration, and serves as a trusted legal and regulatory adviser. Hannah's knowledge of the investment industry is impressive, and she always provides helpful insight about the best ways to do things. Her team is competent, professional, and friendly, and it has been a real pleasure to work with them. Overall, I have been delighted with all the great work she and her colleagues have done. I recommend CSMG to anyone looking for first-class guidance in navigating the complex process of forming and operating an investment firm. B--- S------March 31, 2021

Working with Hannah to obtain Investifai's SEC license was a true joy. Hannah and her colleagues are among the most professional we have ever dealt with and most knowledgeable. We were able to obtain our SEC license with ease and Hannah's advise continues to prove invaluable for Investifai January 28, 2019

Hannah and CMSG have been essential resources to me since I started my first incubator fund a half-decade ago. Now, with well over $20M under management, Hannah continues to support our growth and provide guidance on all fronts. Her encyclopaedic knowledge of what is required-and what will be required down the road-has kept us ahead of regulatory requirements since day one. Hannah is down-to-earth, accessible, extremely easy to work with, and has forgotten more about hedge fund law and accounting than I will likely ever learn. Hannah and her team will remain a valuable and integral part of our management company and funds for as long as I run them. December 11, 2018

We have been dealing with Capital Management Services Group Inc (CMSG) with Hannah and her team since 2014 and we are extremely happy with the high level of service rendered to us. We are Premier Gold Group and I am the Chief Executive Chairman Dr. Allan Le Roux. Compliance is the level and standard for us at Premier Gold and CMSG deliver exactly according to our needs. Hannah and her team are extremely competent, diligent, follow up until task is done, extremely knowledgeable about their industry, very cost effective due to high level of components and I will recommend CMSG to anyone with the utmost confidence. Thank You to Hannah and her team from Premier Gold Group. September 1, 2017.

We have been working with Hannah and her firm since 2015. When we decided to start a hedge fund, we didn't fully realize all the complexities of hedge fund start-up. Hannah was very knowledgeable and creative;she and her firm did an excellent job of guiding us through the set-up process. In addition, Hannah was always responsive to our questions and pleasant to work with. We will continue to use Hannah's service for the foreseeable future. Bxxxx Yexxxx July 10, 2017  I have been working with Hannah and her team since November 2015. They do excellent work and have been very helpful with all aspects of my fund - from the initial setup and the preparation of the offering documents to submission of all the required filings and handling the administration.  They are always responsive and able to answer my numerous questions. If you are looking for great service that is also cost effective, I would definitely recommend that you check them out. Bxxxx Rxxxxxxt June 30, 2017 

I am very grateful to Hannah and her team at Capital Management Services Group for their assistance in guiding me through the process of setting up a Commodity Pool beginning in 2015 and continuing into 2016.  They helped me with the legal setup, the bank and brokerage account setups and most importantly the disclosure document. I would not have been able to do it without her and her team and I am very glad that I chose them. June 25, 2017

Capital Management Services Group has been our most valuable partner for four years now. They led us from establishing our BVI hedge fund up to supporting our operations through administration and legal services. They are always helpful, prompt with advices and solutions to our particular needs offering us different options specifically tailored to our business. They would remind us and guide us thru BVI FSC reporting, renewals and compliance matters all the time therefore they are highly professional and reliable partner helping us with suggestions and services all the time. They took large part of fund’s administrative work letting us focusing on our prime investment business. It has been a great pleasure to work with Capital Management Services Group for all these years, and we highly recommend them to everyone considering starting its own hedge fund. Dxxxx Mxxxxxxxj, Sxxxxxxxxxxast Capital Partners, Ltd June, 26, 2017

Hannah Terhune, her staff and the entire Capital Management Services Group were vital to the creation of our fund. Without their professionalism, expertise and attentive service, we certainly would not be operational today.  Their candid guidance enabled our small investment firm to form the proper partnership, LLC, and launch in a matter of months at a price-point far below competitors, helping us defer expenses until they become necessary. Additionally, Hannah has extended recommendations for other supporting services and partnerships that have proven fruitful contacts for our fund going forward.  We highly recommend Hannah and her team for their knowledgeable service, simplicity of implementation, and cost effective professionalism. Fxxxxal Sxxxxth Partners, LP Cxxxx Mxxxxxx  June 22, 2017 

Hannah and Capital Management Services Group have done an outstanding job setting up a UBIT blocker system. The services provided were very professional, cost effective, and the whole process was much faster than I anticipated. Hannah and her team were very efficient and we were able to set up multiple corporations in the US and [..] over a 2 month period. Prior to talking with Hannah, I had consulted around 10 accountants and attorneys regarding [...UBIT blocker] corp, and their combined knowledge paled in comparison to what Hannah told me in the first 5 minutes of our initial discussion. I would recommend CMSG without hesitation! Jxxx Vxxxxxxxxxxx April 6, 2016

We are working with Hannah's team since 01/2015. Hannah's team did excellent work to help us setting up US based Hedge Fund and also help us setup a BVI based Hedge. We just signed a new contract with Hannah to help us convert (upgrade) an exempted US hedge fund to be a registered hedge fund. Hedge fund setup is not a easy work and have a lot of customization based on understanding what customer needs.  Hannah's team always working very closely with customer and provide very useful information and suggestion to make sure everything is right.  For our fund, we have a our PPM and SA rewrote over 50+ version and even 3-4 major fund structure changes in the PPM and SA, We have about 100+ email back & forth between Hannah's team and us within 1 month. It's hard to believe we could get this done without Hannah's team's assistance. We definitely recommend you hire Hannah's team to set up a hedge fund especially when you are new to hedge fund area or you may need a very complicated fund structure. She will be your best choice. Thank you so much again Hannah and your team for your great help! Fxxx Xxx January 26, 2016 

About four years ago, I contacted Hannah Terhune of Capital Management Service Group to assist me in setting up an incumbator fund, which was achieved in a very professional, timely and cost effective manner, with attention to detail, and everything to my utmost satisfaction. Hannah and her associates have been very helpful throughout the process, and for anything else needed afterwards, always being extremely responsive. CMSG group has exceeded my expectations, and I highly recommend their excellent services. Keep up the good Mxxxxxxxx Bxxxxxxxx September 7, 2015

Capital Management Services Group has been our most valuable partner which led us from establishing our BVI hedge fund up to fully operating and successful fund. They are always helpful, prompt with advices and solutions to our particular needs offering us different options specifically tailored to our business. They are highly professional and reliable partner helping us with suggestions and services all the time. It has been a great pleasure to work with Capital Management Services Group, and we highly recommend them to everyone considering starting its own hedge fund.  Ixxxr Pxxxxxxxc and Dxxxxxn Mxxxxxj, Southeast Capital Partners, Ltd September 6, 2015 We have collaborated with Hannah and her team since late 2013.  Her expertise and knowledge of international tax issues has helped us to not only start our operations off on the right footing but also successfully navigate the complex areas that we encounter.  Hannah had the patience to go answer all of my questions (repeatedly!), and continues to be instrumental to our growth.  We highly recommend her services.  Anthony Uxxxxxx August 25, 2015

Hannah was invaluable in helping us to help us an offshore hedge fund. After our myriad searches online from Indonesia, we saw Hannah's article. We sent her email and started a discussion. She answered all questions despite 11-hour time difference between us and her. She helped us dealing with legal set up, bank account set up, brokerage account set up, and the overwhelming emotions involved in knowing our fund would never been set up easily given our lack of experience. Hannah walked us through the process and made it easy. She answered our questions, no matter how trivial, and took time out of her Christmas season (I remember she was still answering email on the Christmas week 2014). Now that our fund has been all set, we can focus on growing the fund. Ixxxx Cxxxxxxxxxxxxxs  August 22, 2015 

I am the Chief Executive Chairman of Premier Gold Group a multinational.  We have engaged the services of Capital Management Services Group Inc (CMSG), of Hannah and her team that supports her in or about March 2014. We required a wide variety of services and Hannah was able to deliver exactly according to our needs. We are still using Hannah today and will continue to do so. We can with the utmost confidence, highly recommend CMSG for any of the services they advertise. It is by far the most competent team of people I have ever dealt with in the USA relating to these services.  Thank You Hannah to you and your Team from Premier Gold Group. August 19, 2015

Hannah and her team represent island of stability in ever changing regulatory environment. CMSG  helped us tremendously in starting our advisory operation.  There was not a single issue we encountered on which Hannah company did not have ready catalog of possible solution. Highly recommended. Sasa.P August 17, 2015

Hannah and her team were first recommended to me by one of my friends who runs his own hedge funds. I always trust his choice and this time again, I found that I've been introduced to a very efficient and professional legal team. They've helped me set up the legal structure properly and promptly and during this process, whenever I've had any questions, they are very easy to reach and always get back to me quickly. I will continue to hire them as my lawyer and I can't recommend this team any more.  Nxxxx Gxx August 17, 2015

Among the dozen or so law firms that I contacted, Hannah was the only one who had a consultative style.  I imagine myself being one of more difficult clients, with perhaps too many questions, Hannah and her team had been extremely patient to address all of them.  Just as an example, the number of emails we exchanged counts at 64.  If I am to do it again, the number of emails could be ideally cut to 2—one for engagement letter and one delivering the result. Jxxxxx Jxxxxxxx August 17, 2015

We are very satisfied with the services of Capital Management Services Group, especially with our esquire Hannah Terhune who helped us at all times through the constitution of our Hedge Fund (FHF Capital Management LP) and also our Asset Manager (Foster Hill Capital Management LLC); the advice and the tutoring was extraordinary to make our companies succesful. We highly recommed Capital Services Group for the professionalism and the assistance to understand and solve our needs.  Cxxxxx Dxxxo August 17, 2015

Ms. Terhune's credentials reflect an invaluable resource that combines a well-informed professional practitioner with sound ethical judgment that cannot be over-estimated.  After reading our many leading articles and web content, you will probably have questions for us.  The best way to get quick answers to your specific questions is to speak directly to one of our leading attorneys. When you buy a 30 or 60 minute consultation, we contact you quickly to schedule. Most of our clients begin with a consultation by phone and then use email to follow up. The expertise required to recommend best solutions and provide sound advice should never be taken lightly.

I cannot recommend Capital Management Service Group highly enough. At every turn, Hannah and her team proved to be both incredibly knowledgeable and professional. I also found them to be very accessible – any question or concern that I voiced was always met with prompt a reply. Quick and efficient, the level of experience among the whole team was immediately clear.They simplified the whole process and truly were an invaluable resource. Wxxxxm Mxxxxxxton April 29, 2014

Hannah and her team were very efficient and professional. They not only helped us start our business but also grow it. With their expertise and experience, many kinds of tasks were handled appropriately. I highly recommend Capital Management Service Group without reservation.  Jeffrey Chen, Golden Jade Capital Management, LLC April 28, 2014

necessary documents given my short time limit. It was a pleasure to work with CMSG.  Pxxxk Txx, Txxxx Capital Management LLC April 24, 2014

Hannah, While I am best when working within my own craft, I was comforted in professional guidance on the legal and regulatory matters of which I am not so familiar.  This was done by verbal conferencing and through prompt and frequent emails.  I felt treated as a professional, in spite of my having an inner sense that I am one of her least knowledgeable and newest customers.  I was also brought rather quickly up to speed by the wealth of reference information available on the web site.  I am looking forward to maintaining the relationship as I continue my fund creation and fund growth processes.  Rxxxx Rxxxxx Vxxxx Cxxxxxx Ventures April 22, 2014

Hannah and her team at CMSG are the experts you have been looking for.  They provide a wide range of services in one place, which will save you time and money.  Hannah and her team helped me start my hedge fund from start to finish - from incubator to official offering.  Hannah is extremely knowledgeable in hedge fund law and taxation, and her professionalism and patience allows clients with any level of knowledge or experience to benefit greatly from her counsel.  CMSG provides a valuable service at a reasonable cost and the peace of mind you get from having knowledgeable experts on your side is priceless.  Jon Mitchell, Forge Capital Management, LLC April 17, 2014

Hannah’s experience and expertise, in combination with her understanding of our needs, were key in finding and testing the right structure for our frontier markets fund.  Hannah and Michelle were efficient in developing the material and doing the filings that were needed to set up the fund. They are responsive and pro-active with respect to regulatory requirements. We are happy to work with them and we look forward to working with them in the future. D. S., April 21, 2014.

I began working with Hannah and Amy in April 2014 to setup an incubator hedge fund. They are very efficient and knowledgeable. They answer to my questions right away. And guide me through different aspects of tax issues. During peak tax season, they send IRS inquires so that I can get EIN number quickly. Their dedicated work make the whole process a lot easier than I original thought. The cost are low and transparent compare to many other CPA firms. It's really a pleasure to work with Capital Management Service Group  Wxx Wxxxx April 18, 2014

You guys rock! Thank you for being such a great firm! From: Bxxx Kxxxxx January 17, 2013

Hannah I just wanted to compliment you and your team on your efficiency and professionalism.Michelle responds very promptly and with everything I need, and is kind enough to explain things very clearly. It is a wonderful to have such great service. I have not experienced legal services like this before, it is breath of fresh air. Congratulations on having such great standards.  Regards  Phil Pxxx Wxxr  October 7, 2013

Dear Hannah: Foremost, my apologies, as I have been meaning to write to you my testimonial, in appreciation for the detailed attentions you and Michelle have been providing. After many years as an active trader, I am thankful that you and Michelle have been an integral part in the development of our hedge fund vision. Together with your insight and command, I appreciate your genuineness in our success. I commend you for your work and the many articles that provided a window into the process. Also, and with great merit, I commend Michelle for her professionalism and dedication that lend many attributes to your Team. It has been a pleasure and I look forward to working with you in continued development.  Thank you very much and I hope you have a Great Day! Vxxxxr Rxxxa Cxxxx Capital Investments, LP June 11, 2013

Thanks to Hannah Terhune and Capital Management Services Group for their assistance in setting up both our incubator hedge fund and management company.  They took care of all the paperwork in just a few weeks, there were no surprises, and the cost was very reasonable.  I highly recommend their services.  R Wilson, Crimson Diversified Return Fund, August 20, 2012.

Hannah and her team are experts in their field of offshore funds. The expertise and care to think ahead of all the specific issues I might have as a client are greatly appreciated. Capital Management Services Group applies a no-nonsense and straight forward business approach to a complex maze of international rules and regulations. I'm pleased to have them on my team and certainly recommend them to any professional looking for guidance in the hedge fund industry.  Andre Voskuil, DutchOracle Capital Ltd. December 28, 2011

Hannah and her team were knowledgeable, professional, and a pleasure to work with; having access to their expert help is indispensable in forming an incubator fund or hedge fund entity at a very reasonable cost and time frame.  D. Rxxxn December 21, 2011

I had a tremendous experience with Hannah and the Capital Management Group. They were timely, courteous, and extremely knowledgeable; and, if Hannah was busy, Michelle made quick work to resolve my problems. I will invariably use CMSG in the future for all my hedge fund needs! I can't thank Hannah enough for making my dream of a hedge fund come to fruition. William B Hoagland, Trend Discovery Capital Management. July 06, 2011

Ladies and gentleman, please let me express my acknowledgement to you and your work for my cause.  I really do appreciate Hannah's  patience with my never ending questions which might seem silly and annoying.  I admire Hannah's professionalism! Many thanks also to always ready to help and cheering up Michelle!  Her response is almost faster than my internet connection every time. I really love to chat with this pro. Mark definitely represents the solid island(s) for my company.  I really appreciate his willingness to help me with not always pleasure communication with banks even though the weather is beautiful and everyone else is on the beach.  Thank you very much for your great job! I look forward to work with you all!!  Faithfully Yours, Martin Sobek March 24, 2011

We would like to thank Hannah and the company for their invaluable help in forming our incubator hedge fund.  They were extremely knowledgeable, efficient, and professional while working with us, and we are glad to have them as a vital resource as we grow our incubator hedge fund into a full-fledged one. Dale Angus, Golden Egg Capital Management LLC. March 28, 2012. 

Thank you - Money Science  Your explanation of how to start a hedge fund is so clearly stated and easily understood. This should be a chapter in a high school text book or at least minimum college reading.  I read it with interest in potentially starting my own hedge fund.  I fall within the scope of "Hedge Fund Incubator".  I know this article is a few years old but again well worth reading. I may seek your services and have since bookmarked your page.  Thank you again. Jxxx  Xxxxx  January 6, 2012 

It is hard to believe that Hannah and her team are even available for less than a small fortune. CMSG is efficient and knowledgeable yet extremely patient and understanding in dealing with clients at various levels of development.  I received my initial advice from CMSG years before actually committing. Our legal needs seemingly transformed every few months, yet Hannah and her team were supportive and responsive at every turn. That level of effort was far more than I expected but has certainly become the benchmark for all others.  I look forward to many years of excellence and superior service from Ms. Terhune and her team at Capital Management Services Group October 25, 2010 Mxxxxxxx D. Sxxxxxxxxxr II 

Let's stay in touch. Hannah is a great professional with a very good name. Yaxxxx Sxxxxxx October 05, 2010 

I would like to state unequivocally that I have had a completely positive experience in dealing with Capital Management Services Group. Truly, from the first phone call that I made to Capital Management, to the conference call that was arranged with Hannah Terhune, the time she took in answering all of my questions, and, finally, to the follow-up by Amy Hong.  My case involved the establishment of a Forex Incubator Fund, and was thoroughly handled. Hannah Terhune responded promptly to my subsequent phone calls and Amy Hong is absolutely 100% efficient. I, certainly, plan to enlist Capital Management's services for my legal needs in the future concerning fund management.  I would rate my experience and results 5 out of 5 stars! Totally satisfied, Rxxxxxx Sxxxx, September 22, 2010 

Hannah Terhune and her team are always available and ready to work with you, with a nice attitude and assisting in a very professional way. Their wide spectrum of services and knowledge really make a difference when you look for consulting.  jxxxxxx August 10 2010 I wanted to thank you and your staff for the professional and timely services that you provided in setting up a CTA business.  As an individual trader for almost 20 years I have a full grasp of markets but had very little knowledge in setting up a trading business for clients.  Everyone at your firm was extremely friendly and helpful in giving me guidance in this new startup.  Your prices were fair and while I looked at different firms to handle the process yours was head and shoulders above the rest. Thanks so much,  Sxxx Sxxxr Managing Partner Sxxxxx Capital Management LLC  June 18, 2010

I have had the fortune of working with Hannah Terhune and Capital Management Services on the setup of my hedge fund. As a well funded start up with offshore and onshore investors I needed someone who could help me and my investors navigate the complex tax, regulatory and set up requirements. Her firm supported us each step of the way and we were incredibly impressed with her knowledge, experience and execution.  What could have been a very difficult and lengthy process was seamless, well managed and cost effective. We will continue to use Hannah as we grow our assets and would have no hesitation in recommending her to both start up and established managers. Thanks. Warren January 26, 2010 

Hannah: You and your team delivered what you promised--on time and on budget. You all were were attentive and professional in every respect, and I appreciate your effort, advice and guidance very much.  It was a pleasure working with you, and I would recommend you to others without reservation.Best Regards, PB.  January 18, 2010 

Hannah and her team were able to set up the management LLC and the hedge LP efficiently and quickly with minimal effort or guidance from me. The fees charged are very reasonable and I would recommend Hannah and her team to anyone interested in setting up a hedge fund. Dxxx Sxxurn  December 03, 2008 

It was indeed a pleasure working with you and your team at Capital Management Services Group to set up our investment management firm and its associated hedge fund. As someone with deep analytical and trading expertise who is unfamiliar with the complex regulatory environment surrounding hedge funds, I greatly appreciate the advice and clarity you brought to the process of establishing the firm. Your breadth of expertise was invaluable in navigating the plethora of choices to be made and more importantly, it was reflected in your ability to make the necessary filings and obtain approvals from all the regulatory agencies. I am also impressed that your estimate for how long the entire process would take was remarkably accurate. As a new business entity, it was a benefit to our firm that you were able to provide your knowledgeable and comprehensive services at extremely reasonable terms. I would not hesitate to recommend your firm to others seeking to launch or expand investment advisory businesses and hedge funds. Best regards, Dr. Sid Valluri Managing Director Odessa Capital Management LLC December 01, 2008 

Hannah Terhune and her team at Capital Management Services Group were instrumental in helping me establish my  investment company and limited partnership.  I found Hannah and her team to be extremely professional and knowledgeable. Her guidance made it possible for me to navigate through the legal landscape that can be an enormous challenge. Hannah and her team were on top on it and supported me through the entire process. I was incredibly pleased with the level of service and would highly recommend Hannah Terhune and her team at Capital Management Services Group. Vxxx Cxxx November 07, 2008 

Hannah While studying for the Series 65 was a challenge, I never imagined how difficult it would be to register as a Registered Investment Adviser. I spent hours upon hours on research but the bureaucracy and the paper work was so overwhelming I found myself ready to give up. That is until I found you. Working with you and your team has been a pleasure. After speaking with you I provided some detailed information and before I knew it I was registered! I still can't believe how smoothly the whole process went. Speaking with you over the past few months has been informative and very enjoyable. I now have the confidence to move ahead with my business because I know that you are there to help. Thank you so so much for everything. Sincerely, Daniel Gxxxxz November 20, 2008

Hannah and her team were absolutely perfect for us. We needed reasonable prices, exceptional attention to detail, and someone that explained each step along the way. Getting a new fund off the ground can be a complicated and convoluted process. Hannah's team helped us sidestep any frustration along the way by always being accessible by phone or a quick email. We shopped around a lot before committing to a legal firm. Working with Hannah and team was a screaming bargain for the amount of personal attention and top quality work we received. In hindsight, our decision couldn't have been more perfect. Thanks! From: Rxx Fxx August 15, 2008 

We began working with Hannah Terhune and Capital Management Services Group in July of 2006. Ms. Terhune has been a very patient and informative source for us as she has maneuvered us through the intricacies of organizing a spot forex fund. In addition to writing our fund offering documents, her firm has guided us through the sometimes overwhelming process of completing the necessary paperwork involved with beginning a fund. Ms. Terhune has continued to be a reliable asset for our company as she has consistently provided us with superior legal advice and assistance. Cxxxxxx Dxxxxxx July 30 2008 

Hannah Terhune took me through the process of setting up an LLC and getting the LLC a Michigan Registered Investment Adviser status. Between Hannah and her staff I was completely satisfied with their knowledge of the different federal and state requirements I needed to satisfy. The price for this level of support is truly amazing. I would not hesitate to be reference for Hannah Terhune and Capital Management Services Group. Bxxx Ax July 25, 2008

I am extremely pleased with the high level of service provide by Hannah and her team of associates. They were easy to work with and their professionalism and the timeliness of deliverables far exceeded my expectations. Not only do I recommend using Capital Management Services Group to others contemplating forming a fund but I look forward to using them again in the future as my fund's needs grow. July 01, 2008 Axxx Mxxxx, Lxxxxxx Capital Management 

Hannah Terhune and Capital Management Services Group offer a cost effective, comprehensive solution for anyone looking to launch or manage a hedge fund operation. We are a small company operating under a tight budget and we initially decided to use Capital Management Services because they offer great value at an extremely competitive price. Without the customized services and flexible financing solutions Hannah offered, a successful launch of our fund would have been impossible. From day one, Hannah has provided valuable guidance each step of the way along this complicated process. After working with Capital Management Services Group for eight months, it is clear that not only does the group provide services at a great value, but they also have an impressive amount of experience. For every problem we have encountered along the way, Hannah and Capital Management Services Group have been able to provide a quick and affordable solution. To date, Capital Management Services Group has helped us with registration as an investment adviser, compliance issues, drafting offering documents and ongoing administrative services. Capital Management Services Group has consistently provided quality and comprehensive solutions at great price and it is for this reason that we will continue to use their services for all of our ongoing needs. Rene June 25, 2008 

Capital Management Services Group and Hannah Terhune have been instrumental in helping me establish a forex fund.  I have been particularly impressed with Hannah's willingness from the beginning to advise me on the various options I had, and in helping me chart the appropriate course given my goals. She was very helpful in addressing and answering my many questions and I greatly appreciate her advice.  As someone who was launching his first fund, I've greatly appreciated the support I received from her and her staff.  I look forward to my ongoing relationship with Hannah Terhune. Sincerely, Jxxx Mxxxxx, Onahu FX, LP  March 03, 2008

As an overseas manager for an offshore fund, I was particularly concerned with international law and tax implications for my management company and investors allike. Hannah has demonstrated exceptional enginuity and drafting flexibilty to achieve my objectives. I would trust her over the advice of other "Big 4" consultants (speaking from experience). In today's anti-terror climate, it may take a while to launch a fund: an experienced lawyer such as Hannah is a must. Dvir Langer, Esq. Attorney at LawJ.D., MBA,  January 24, 2008 

Dear Hannah, Thank you for all your assistance in getting my fund launched. You have proven more knowledgeable and more
responsive than the so-called “name” firms that I tried initially. On top of that, the cost of your service was unbeatable
(so says the value investor in me).  I consider you an essential part of my hedge fund team and hope to work with you
in the future as my business grows.  December 7, 2005 

Hannah, I just wanting to drop you a quick note thanking you and staff for all of your hard work. Before clicking on your web site, I was under the impression that setting up a hedge fund would be an expensive and impossible challenge. Your incubator program was a great idea and it met my needs perfectly.  My biggest surprise was that with your help I was up and running in a matter of weeks instead of months. Thanks again and I look forward to working with you in the future. Sincerely,Wxxx Ryyy October 21, 2005 

Hannah, Starting my fund was a daunting task for me. However, you made the process so easy and painless from the entity formations to the filings to the tax law. I can’t thank you enough and I look forward to working together in the future. Regards, From: Jxxx August 13, 2005 Hannah Terhune . . . facilitated the process of structuring my commodity pool, and they made sure I had the right vehicle. Hannah was also extremely helpful when we talked about interacting with clients and and staying in full compliance. This was extremely important to me, and made me feel that much more confident in their ability to legally represent my company. Exxx Kyyy August 12, 2005 

Dear Hannah, Settting up my Hedgefund seemed to be a very daunting task but xxxxxx helped guide me every step of the way. . . I have been able to count on Hannah Terhune and their legal team to keep me apprised of the ongoing regulatory compliance issues which in this dynamic industry is so important. This peace of mind has allowed me to focus my energy on the performance of my fund knowing that their administrative help is just a phone call or an e- Best Regards Syyyy Capital Management LLC August 11, 2005 

You certainly are on top of things and have a great firm. I am in touch with Hannah. As I told her I already have an LLC in Delaware set up for me by Lxxxxxxxx. I think I would now like to set up a Fund and have you shephard me through the incubation period. 
July 18, 2005 

Hannah, Thank you for calling. I really appreciate the service I have received from your firm so far.  I look forward to working with you more in the future in setting up the fund.  n the meantime I will begin the NFA applications while I finish up the work on my models over the next few of months.  July 13, 2005 

Hannah, I believe everything is completed. Thank you for all your hard work. You said it would be delivered on time and it was delivered before time. And yes, you can use that on your website if you like. Regards Cxxxx Hyyyyy June 15, 2005 

Hannah- I've been so busy with investors and trading that I have not had the time to properly thank you. I must say that xxxxxx provided me with everything I needed - from the entity formation to the legal filings to the disclosure document preparation. Hannah, you provided the knowledge and the know-how to establish my fund, and you proved to be an invaluable resource. . . .Without a doubt, you met my needs - thank you! Regards,  Kxxxx Dyyyy April 27, 2005 

Hannah ... made a very convoluted, complicated process very straightforward. They walked me through the process step-by-step making sure I understood the process along the way. They covered all the bases, from the structure of the fund, to advice on Investment Advisor Registration, accounting, and key tax issues. They allowed me to focus on trading strategy with the peace of mind knowing that the process was in good hands. I am very pleased with the result. Thank you Sxxx Oyyyy February 25, 2005 

The addition of [Hannah Terhune] to our Hedge Fund has been nothing short of fantastic. I do have to brag on you
as my life has been simplified since I started working with her. But not to short change anyone, the entire staff has
been great.. July 30, 2004 Thank you and thanks for all your help! I'm very excited that I can open the fund to the investors now. Thanks Pxxx Zyyyy  July 29, 2004

I just wanted to write and say that your team did a fantastic job setting up my fund and management company, getting
me up and running in just a few months.  Of course, the price was great, but more importantly, my questions were
answered in a timely manner, the advice was great, and the work was very thorough. Your team must not sleep much,
because no time was a bad time for queries and discussions.  March 21, 2004 

They are a professional organization and will take good care of you. I am probably the most difficult customer that they could have, but their team always gets back to me within a few hours of an e-mail question, (and I send in a lot of them).  They will almost certainly be cheaper than anyone else. For the fund, you need the job done right though, and price isn't the only issue. They'll do a very professional job for you.  So far Iam very satisfied.  January 24, 2003 

I want to thank you for the work you've done on our offering documents. They are as complete as anything I've seen
coming from the big brokerage houses.  More importantly, I look forward to working with you as we get the fund going. With your experience in both the accounting and compliance arenas, I feel like we've been able to outsource our entire back office. What a relief.   May 5, 2003

Strategic Hedge Fund Planning by Hannah Terhune.  Wilmott Magazine Ltd. (Volume 2013, Issue 63, pages 8-11 January 2013).

Strategic Hedge Fund Planning by Hannah Terhune.  MoneyScience (March 2012)

Hedge Funds - Limited Partners' Right of Access After Parkcentral Global, L.P., v. Brown Investment Management, L.P. by Jim Brennan.  Canadian Hedgewatch (July 2011).

Planning for Cross-Border Financing Arrangements.  Practical International Tax Strategies (May 31, 2011).

U.S.--Tax Traps of Non-U.S. Issuer Debt Offerings.  Practical International Tax Strategies (April 15, 2011).

America the Beautiful Tax Haven.  Cititrust Edge Magazine (1st Quarter 2011).

Offshore Hedge Fund Focus:  Master & Feeder.  Cititrust Edge Magazine (4th Quarter 2010).

U.S.--Cross Border Credit Agreements:  Planning for U.S. Withholding Taxes.  Practical International Tax Strategies (November 15, 2010).

Starting an Offshore Fund.  themanager.org (June 2008).

Mixing Investment Adviser and Brokerage Services.  Hedge Fund Monthly (October 2007).

Offshore Fund Taxation.  Hedge Fund Monthly (May 2007).

Forex Trader to Forex Manager.  Offshore Business Magazine (November 2006).

Forex Trader to Forex Fund Manager:  The Path to Success.  Hedge Fund Monthly (October 2006).

Drafting Hedge Fund Performance Allocations. Hedge Fund Monthly (August 2006)

How to Set Up Your Own Hedge Fund by Hannah M. Terhune (2006)

Como Crear su Propio Hedge Fund by Hannah M. Terhune, Eva Porras, Argilio Rodriguez and Garrett Fisher (2006)

Due Diligence, Disclosure, and Fund Managers by Hannah M. Terhune (2006)

Tax-Free Asset Acquisitions – More Strategies for S-Corporations: Sourcing Income to Preserve the Use of Credits and Carryovers: Practical International Tax Strategies (April 15, 2003)

Reducing Operational and Exit Taxes On Closely-Held Businesses. Practical U.S./Domestic Tax Strategies (August 2003)

Coming Ashore – Establishing U.S. Operations: Practical International Tax Strategies (July 31, 2003)

Financing U.S. Business Operations Using Cross-Border Income Trust: Practical International Tax Strategies (July 15, 2003)

Methods of Compensating the Executive – An Overview of Various Tax Features: Practical U.S./Domestic Tax Strategies (May 2003)

Update on Spanish Holding Companies. Practical European Tax Strategies (Aug. 2003)

Self-Employment Tax Planning – LLC to S-Corporation Conversions: Practical U.S./Domestic Tax Strategies (March 2003)

Outbounding Income from Intellectual Property, Practical International Tax Strategies (March 15, 2003)

Taxable Stock Purchases: More Planning Strategies for S-Corporations, Practical U.S./Domestic Tax Strategies (Feb. 2003)

Business Globalization: Selecting the Proper Offshore Entity, Practical International Tax Strategies (Feb. 15, 2003)

Taxable Acquisitions: Financing Asset Acquisitions When an S-Corporation is Involved. Practical U.S./Domestic Tax Strategies (January 2003)

International Joint Venture Partnerships: Foreign or Domestic, Practical International Tax Strategies (January 15, 2003)

Corporate-Level Penalty Taxes on S-Corporations – Transaction Costs in Mergers, Acquisitions and Buy-Outs. Practical U.S./Domestic Tax Strategies (December 2002)

Taxation of Foreign Partnership Income: Issues to Consider in Reviewing Foreign Operating Structures. Practical U.S./International Tax Strategies (Dec. 31, 2002)

The Future of European-Based Business Operations: A Look at the Tax Aspects of the Societas Europaea. Practical European Tax Strategies (November 2002)

Tax Planning for Multiple Corporations: Domestication of Foreign Corporations. Practical International Tax Strategies (Oct. 15, 2002)

Acquisition Techniques Using Partnerships or LLCs – Planning Strategies to Defer Taxable Gain. Practical U.S./Domestic Tax Strategies (Oct. 15, 2002)

Tax Planning for Multiple Corporations: Canadian and Mexican Contiguous Country Companies. Practical International Tax Strategies (Oct. 15, 2002)

Acquisition Techniques Using Partnerships or LLCs – Planning Strategies to Defer Taxable Gain. Practical U.S./Domestic Tax Strategies (Oct. 15, 2002)

Domestic and International Tax Planning for Multiple Corporations. Practical International Tax Strategies (Sept. 15, 2002)

Tax Benefits of Spanish Holding Companies: A Planning Opportunity for U.S. Companies. Practical International Tax Strategies (Aug. 31, 2002)

Key Tax Aspects of International M&A – Planning Scenarios Involving Tax Acquisitions. Practical International Tax Strategies (Sept. 15, 2003)

Corporate-Level Penalty Taxes on S-Corporations – Transaction Costs in Mergers, Acquisitions and Buy-Outs. Practical U.S./Domestic Tax Strategies (December 2002)

Taxation of Foreign Partnership Income: Issues to Consider in Reviewing Foreign Operating Structures. Practical International Tax Strategies (Dec. 31, 2002)

The Future of European-Based Business Operations: A Look at the Tax Aspects of the Societas Europaea. Practical European Tax Strategies (November 2002)

Shifting Intangible Income to an Offshore Company Part II: Sale or License? Practical International Tax Strategies (Sept. 15, 2001)

Shifting Intangible Income to an Offshore Company "Round Tripping" and the Risk of Bringing §956 into Play. Practical International Tax Strategies (Aug. 15, 2001)

Update on Filing Requirements for Transfers of Property Offshore. Practical International Tax Strategies (July 15, 2001)