Business DG Partners LLP (“DG Partners” or the “Firm”) is an investment manager based in London, United Kingdom. The Firm was established in 2002. Mr. David Gorton serves as the Firm’s Chief Investment Officer. The Firm has two corporate members: DG Partners Services Limited (the “Service Company”) and DG Systematic Holdings Limited. The Service Company is a wholly owned subsidiary of DG Partners International Limited. The Firm also has a number of individual members.
The Service Company owns more than 75% of the capital of DG Partners. David Gorton owns more than 75% of DG Partners International Limited. The Firm has entered into a secondment and services agreement (the “Services Agreement”) with the Service Company and the Firm’s affiliate, BH-DG Systematic Trading LLP (“BH-DG”). Pursuant to the Services Agreement, certain staff members of the Firm are seconded from the Service Company and BH-DG. Similarly, the Firm seconds certain staff members to BH-DG. Further, the Firm may at times deploy staff in multiple internal roles across its business. BH-DG forms part of a joint venture with Brevan Howard. DG Systematic Holdings Limited is also a corporate member of BH-DG. The Firm relies on its policies and processes to minimize any potential conflict that might result from such arrangements.
The Firm focuses on investments in fixed income, futures and FX markets with a strong emphasis on liquidity, risk control and investor transparency. The Firm currently advises five private funds (the “Funds”):
•DG Macro Fund Limited: the fund follows a global macro trading strategy with a fixed- income emphasis. Trading views are expressed through liquid instruments which are diversified and across multiple asset classes including (but not limited to), fixed income, foreign exchange, commodity futures and equity index futures;
•BH-DG Systematic Trading Master Fund Limited (the “Systematic Master Fund”) and its feeder funds, BH-DG Systematic Trading Fund Limited and BH-DG Systematic Trading Fund, LP: the Systematic Master Fund utilises systematic trading strategies all of which are predicated on the belief that the application of statistical methods and quantitative risk management can detect and subsequently exploit predictable behaviour in financial prices. These systematic trading strategies are deployed across a large number of liquid markets;
•BH-DG Systematic Trading ERISA Fund Limited: the fund utilises systematic trading strategies all of which are predicated on the belief that the

application of statistical methods and quantitative risk management can detect and subsequently exploit predictable behaviour in financial prices. These systematic trading strategies are deployed across a large number of liquid markets.
Advisory Business The list of Funds above excludes those vehicles which are akin to managed accounts which the Firm manages but does not market to third parties (“Managed Accounts”). The Firm also provides trade execution services to BH-DG and its clients and may aggregate client orders with orders for clients of BH-DG.
DG Partners is authorized and regulated by the UK Financial Conduct Authority and only provides services to professional and institutional clients. The same macro and systematic trading strategies that are employed to manage the portfolios of (or a portion of portfolios of) clients of DG Partners are, or may be, employed to manage the portfolios of (or a portion of the portfolios of) other direct or indirect clients of BH-DG. DG Partners believes that the nature of its investment strategies and its well-defined investment process minimize this potential conflict. In addition, the Firm has adopted policies and procedures designed to minimize such conflict.
Private funds and managed accounts may follow different strategies and/or different variants of strategies (for example, in order to comply with particular investment restrictions specified by the client or required by law or regulation). Investors in the Funds may not restrict the manner or types of investments made by the Funds, however Managed Account clients may impose restrictions on investing in certain securities or types of securities as well as such other restrictions as they may require.
The Firm does not participate in wrap fee programs.
As of December 31, 2023, DG Partners managed approximately $1,137,248,880 of regulatory assets under management on a discretionary basis. The Firm does not manage any assets on a non-discretionary basis (though it does provide the aforementioned trade execution services to BH-DG).
Any references to clients’ investment terms in this document, including but not limited to their investments, strategies, fees and other costs, conflicts of interest and relevant material risks are wholly qualified by the terms of any applicable investment management agreements, disclosure documents, offering memoranda and governing documents.