FQS Capital Partners LP

Item 5: Fees and Compensation
The investment capital of the Funds consists of the following class of interests - Class A for regular
investors and Class I for Institutional investors.

The Registrant is compensated by the Funds’ manager, FQS Capital Management Cayman Ltd,
(the “Manager”), pursuant to a sub-manager agreement. With respect to Class A interests, each
of the Funds; FQS Alternatives Multi Strategy Series LP, FQS Alternatives Long Short Series LP and
FQS Alternatives Quant Series LP pays FQS Capital Management Cayman Ltd, (the “Manager”),
a monthly management fee of 0.04167%, 0.04167% and 0.0625% of the net asset value at the end
of each calendar month respectively. (a 0.5%, 0.5% and 0.75% annual rate respectively).

With respect to Class I interests, each of the Funds pays the Manager, a monthly management
fee of 0.041667% of the asset value at the end of each calender month (a 0.5% annual rate).

In addition, with respect to Class A interests for each of the Funds; FQS Alternatives Multi Strategy
Series LP, FQS Alternatives Long Short Series LP and FQS Alternatives Quant Series LP, generally at
the end of each fiscal year, the Manager receives a 7.5%, 10% and 10% performance-based
allocation respectively from each member’s capital account. With respect to Class I interests for
each of the Funds generally at the end of each fiscal year, the Manager receives a 5%
performance based allocation from each member’s capital account. However, the Manager is
not entitled to receive any performance-based allocation as to any member if that member’s
capital account had previously incurred losses, until such losses are recovered through
subsequent gains (the “High Water Mark”).

With respect to all of the Funds, the fees/allocations described above are generally not
negotiable. However, the Manager reserves the right to waive all or part of these fees/allocations
in its sole discretion.

Each Fund is responsible for the payment of its legal and accounting fees and expenses incurred
relating to its investing, trading and related activities, if any, including, without limitation, interest,
brokerage and insurance costs.

Each Fund indirectly incurs similar fees, allocations and expenses, including management fees
and performance-based fees or allocations, in its capacity as an investor in the Underlying
Investment Funds, which in turn pay similar fees, allocations and expenses to their Underlying Fund
Managers and other service providers. In addition, to the extent that a portion of a Fund’s capital

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is invested in a managed account with a trading manager, retained by such Fund, such Fund
may incur similar fees, allocations and/or expenses, including management fees and
performance-based fees or allocations.

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Item 7: Types of Clients

We provide investment advice to the Funds. Investors in the Funds are generally high net worth
individuals and institutional investors that have a minimum qualification as “Accredited Investors”
(as defined in Rule 501 under the Securities Act of 1933, as amended).

U.S. investors in (i) FQS Alternatives Multi Strategy Series LP, (ii) FQS Alternatives Long Short Series LP,
(iii) FQS Alternatives Quant Series LP, must reach the threshold of “Qualified Purchasers” (as
defined in Section 2(a)(51) of the Investment Company Act of 1940, as amended).

The minimum investment for the Funds is $100,000.

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