This excerpt taken from the C 10-K filed Feb 23, 2007.
Condensed Notes to Financial Statements (Unaudited)
Tribeca Global Investments L.P. (the Master Fund) is an exempted limited partnership under the laws of the Cayman Islands. The primary investment objective of the Master Fund is the appreciation of its assets through purchases and sales of domestic and foreign financial instruments utilizing various investment strategies. The Master Fund operates under a Master-Feeder structure whereby its limited partners are various Feeder Funds.
The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. The following is a summary of the significant accounting policies followed by the Master Fund.
The Master Fund records its investment transactions and related revenues and expenses on a trade date basis.