0001145549-22-016400.txt : 20220316 0001145549-22-016400.hdr.sgml : 20220316 20220316150949 ACCESSION NUMBER: 0001145549-22-016400 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20211231 FILED AS OF DATE: 20220316 DATE AS OF CHANGE: 20220316 EFFECTIVENESS DATE: 20220316 FILER: COMPANY DATA: COMPANY CONFORMED NAME: A&Q Long/Short Strategies Fund LLC CENTRAL INDEX KEY: 0001186641 IRS NUMBER: 134226337 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-21195 FILM NUMBER: 22744601 BUSINESS ADDRESS: STREET 1: C/O UBS HEDGE FUND SOLUTIONS LLC STREET 2: 600 WASHINGTON BOULEVARD CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 203-719-1850 MAIL ADDRESS: STREET 1: C/O UBS HEDGE FUND SOLUTIONS LLC STREET 2: 600 WASHINGTON BOULEVARD CITY: STAMFORD STATE: CT ZIP: 06901 FORMER COMPANY: FORMER CONFORMED NAME: O'Connor Fund of Funds: Long/Short Strategies LLC DATE OF NAME CHANGE: 20110429 FORMER COMPANY: FORMER CONFORMED NAME: O'Connor Fund of Funds: Long/Short Equity Strategies LLC DATE OF NAME CHANGE: 20110202 FORMER COMPANY: FORMER CONFORMED NAME: UBS M2 FUND LLC DATE OF NAME CHANGE: 20040413 N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001186641 XXXXXXXX true false false N-2 A&Q Long/Short Strategies Fund LLC 811-21195 0001186641 254900O8IEUGGCWEQZ07 600 Washington Blvd Stamford 06901 US-CT US 2037191428 BNY Mellon Investment Servicing (US) Inc. 400 Bellevue Parkway Wilmington 19809 18774311973 Records related to its function as administrator and custodian UBS Hedge Fund Solutions 600 Washington Blvd Stamford 06901 2037191428 Records related to its function as Registrant N N N-2 Y Meyer Feldberg N/A Y Stephen H. Penman N/A N George W. Gowen N/A N Virginia G. Breen N/A N Frank S. Pluchino N/A 600 Washington Blvd Stamford 06901 XXXXXX N N N N N N N UBS Financial Services Inc. 8-16267 N/A N/A Y N Ernst & Young, LLP 00042 N/A N N N N N N A&Q Long/Short Strategies Fund LLC 254900O8IEUGGCWEQZ07 N Fund of Funds Y N N N N/A N/A N/A N/A N N N N UBS Hedge Fund Solutions LLC 801-62960 000131034 N/A N N N The Bank of New York Mellon N/A N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N BNY Mellon Investment Servicing (US) Inc. N/A N N N BNY Mellon Investment Servicing (US) Inc. N/A N N N UBS FINANCIAL SERVICES INC. N/A 000008174 N/A 1269933.000000000000 1269933.000000000000 0.000000000000 N 137840535.998800000000 Other Limited Liability Company Interests Limited Liability Company Interests N N Other Limited Liability Company Interests N N N 0.950000000000 2.490000000000 N/A 0.000000000000 true INTERNAL CONTROL RPT 2 longshorticletter.htm INDEPENDENT PUBLIC ACCOUNTANT LETTER

Ernst & Young LLP
One Manhattan West
New York, NY - 10001
Tel: +1 212 773 3000

Report of Independent Registered Public Accounting Firm

To the Shareholders and Board of Directors of
A&Q Long/Short Strategies Fund LLC

In planning and performing our audit of the financial statements of A&Q Long/Short Strategies Fund LLC (the “Fund”) as of and for the year ended December 31, 2021, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with U.S. generally accepted accounting principles. A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with U.S. generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and directors of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities that we consider to be a material weakness as defined above as of December 31, 2021.

This report is intended solely for the information and use of management and the Board of Directors of A&Q Long/Short Strategies Fund LLC and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ Ernst & Young LLP
New York, NY
March 1, 2022