Vatic Investments, LLC (“Vatic”) is a Delaware limited liability company and was formed on March 6,
2017. Vatic was founded and is indirectly principally owned and controlled by James Chiu. Its principal
place of business is located in New York, New York.
Vatic acts as a discretionary investment adviser to one or more private investment funds. Vatic is not acting
as an investment adviser to separately managed client accounts, but may do so in the future. As of the date
hereof, Vatic advises a family of open-ended private funds utilizing Vatic’s statistical arbitrage trading
system, consisting of two “feeder funds,” one of which is organized as Delaware limited partnership and
the other of which is organized as a Cayman Islands exempted limited partnership, both of which invest
their respective investable assets into a “master fund” organized as a Cayman Islands exempted limited
partnership (collectively, the “Vatic Funds”). All references herein to “clients” shall include the Vatic
Funds, unless the context otherwise requires. Vatic’s affiliate, Vatic Management, LLC (the “General
Partner”), acts as the general partner of each of the Vatic Funds. In addition to providing investment
advisory services to the Vatic Funds, Vatic also serves as commodity pool operator to an open-ended
commodity pool utilizing Vatic’s high frequency futures trading system (the “HFT Pool”), which is
organized as a Delaware limited liability company, as further described below under “Other Financial
Industry Activities and Affiliations.” The HFT Pool does not engage in securities trading and therefore is
not an investment advisory client of Vatic within the meaning of the Investment Advisers Act of 1940, as
amended (the “Advisers Act”).
Vatic deploys “statistical arbitrage” strategies in its trading on behalf of the Vatic Funds, which attempt to
profit from the application of quantitative and statistical methods to a variety of datasets. In pursuing the
Vatic Funds’ investment objective, Vatic trades primarily (whether directly or indirectly through other
investment vehicles) U.S. and international equity and equity-like securities (i.e., common stock, single
stock swaps and exchange-traded funds (“ETFs”)). In the future, Vatic may pursue futures-based or option-
based strategies and may also trade such other financial instruments or interests on behalf of the Vatic
Funds, including, but not limited to, “new issues,” options, other swaps and futures contracts and such other
financial instruments or interests as Vatic deems appropriate.
Vatic’s investment advisory services are conducted in accordance with each respective Vatic Fund’s
confidential private offering memorandum or confidential explanatory memorandum, limited partnership
agreement and/or other governing documents, as applicable (the “Offering Documents”). Because Vatic’s
investment advisory business as of the date hereof is limited to providing advisory services to the Vatic
Funds in accordance with their respective Offering Documents, Vatic does not intend to tailor its investment
advisory services to the individual needs of specific investors in any Vatic Fund. As a result, Vatic does
not intend to provide individualized advice to the Vatic Funds’ investors, and such investors are encouraged
to consider whether the investment objectives of the Vatic Funds are in accordance with their individual
objectives and risk tolerance prior to investing. Information about the Vatic Funds, including their
investment objectives and strategies, are set forth in their respective Offering Documents. Vatic’s
investment advisory services are further described below under “Methods of Analysis, Investment Strategies
and Risk of Loss.” Vatic does not participate in any wrap fee programs.
As of December 31, 2022, Vatic had approximately US $292,531,000 in client assets under management,
all of which was managed on a discretionary basis.