A. GSB is a Delaware limited liability company that was formed 1998 and is wholly owned by Geoffrey Bennett. Any references to the “Firm”, “us,” “we,” and “our” in this Brochure refer to GSB. Any defined terms used in this Brochure not otherwise defined herein, have the definition ascribed to them in the offering documents of the applicable Fund (as defined below). B. GSB uses a long-short market equity strategy focusing predominantly on liquid equities in Japan. The market neutral strategy involves the Fund taking long positions in companies with attractive or improving fundamentals and short positions in companies with unattractive or deteriorating fundamentals. The objective is to earn an attractive absolute rate of return while reducing exposure to broad price changes in the Japanese stock market. GSB does not limit its investment advisory services to any specific type of client. However, GSB currently offers investment advisory services to private pooled investment vehicles and separately managed accounts structured as private funds (each, a “Client,” and collectively, “Clients”), including a sub-advisory relationship with a master- feeder complex consisting of private pooled investment vehicles (each, a “Fund,” and collectively, the “Funds”) and one or more separately managed accounts structured as private funds (each, an “SMA,” and collectively, “SMAs”). Geoffrey S. Bennett acts as the Managing Member of GSB. While much of this Brochure applies to all Clients, certain information included herein applies only to specific Clients or a specific

Fund. All discussions of the Funds in this brochure, including but not limited to their investments, the strategies used in managing the Funds, the fees and other costs associated with an investment in the Funds, and conflicts of interest faced by the Firm in connection with management of the Funds, are qualified in their entirety by reference to each Fund’s respective offering memorandum and advisory agreement. C. GSB manages investment advisory services in accordance with the respective governing documents and investment management agreements outlining the investment objectives applicable to each Client. Fund investors do not have the ability to impose specific restrictions on securities or types of securities that the Fund will invest. GSB may negotiate restrictions regarding managed account clients and the types of investment instruments and level of leverage permitted regarding those managed accounts on a case‐by‐case basis if and when applicable. There can be no assurance that the Fund or any strategy executed pursuant to any investment management agreement will achieve its investment objective or avoid substantial losses. In addition, results may vary substantially over time. The Firm’s Clients use a long-short market equity strategy focusing predominantly on liquid equities in Japan. D. GSB does not participate in any wrap fee programs. E. As of the date of this filing, the Firm manages approximately $139,987,874 in regulatory assets under management on a discretionary basis. The Firm does not manage client assets on a non-discretionary basis.