A. Numerai is a Delaware limited partnership that was formed on October 6, 2015, and is majority owned
by Richard Craib. Any references to the “Firm”, “us,” “we,” and “our” in this Brochure refer to
Numerai. 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). Numerai
provides discretionary investment advice to Numerai One, a master feeder fund complex consisting
of Numerai One Master LTD fund (the “Numerai One Master Fund” ), and two feeder funds, the
Numerai One Offshore LTD. (the “Numerai One Offshore Fund”), and the Numerai One Onshore LP
(the “Numerai One Onshore Fund”); and Numerai Supreme, a master feeder fund complex consisting
of Numerai Supreme Master Fund Ltd (the “Numerai Supreme Master Fund” and together with the
Numerai One Master Fund the “Master Funds”), and two feeder funds, the Numerai Supreme LP fund
(the “Numerai Supreme Onshore Fund” and together with the Numerai One Onshore Fund the
“Onshore Funds”), and the Numerai Supreme Offshore Ltd. fund (the “Numerai Supreme Offshore
Fund” and together with the Numerai One Offshore Fund the “Offshore Funds”), each a pooled
investment vehicle structured as a private fund (collectively the “Funds,” or “Clients”).
In addition, the Firm actively negotiates with investment managers to sub-advise additional
relationships with separately managed account clients (“Separately Managed Accounts”).
B. The Funds’ objective is to maximize returns by primarily investing in publicly traded equities while
minimizing exposure to sector risk, country risk, currency risk, and size risk, with the trading activities
of the Fund generally being driven by a market-neutral, quantitative-factor model that relies on
proprietary machine learning algorithms and data regularization techniques.
All
discussions of our Client in this brochure, including but not limited to their investments, the
strategies used in managing and advising our Client, the fees and other costs associated with an
investment with us, and conflicts of interest we face in connection with management of our Client, are
qualified in their entirety by reference to the Client’s respective offering memorandum, subscription
agreement, investment management agreement, advisory agreement (or equivalent), or other
governing documents, as applicable (collectively, “Governing Documents”). Any defined terms used in
this Brochure not otherwise defined herein, have the definition ascribed to them in the relevant
Governing Documents.
C. Numerai tailors its investment advisory services to the strategies and conditions set forth in each
Fund’s Governing Document(s) rather than to the individual needs of the Fund’s underlying investors
(“Investors”). It should be noted that as a general matter, in the context of any Fund, Numerai does
not tailor its services to take into account any specific conditions of any Investor, and Investors
generally may not prescribe additional investment restrictions beyond those described in the
applicable Governing Documents. However, from time to time, Numerai enters into side letter
arrangements or other similar agreements with investors that have the effect of establishing rights
under or altering or supplementing a Fund’s governing documents with respect to such investors,
including provisions relating to specific investments, as well as provisions relating to the Firm’s
compensation.
D. Numerai does not participate in any wrap fee programs.
E. As of the date of this filing, Numerai managed $388,815,449 in regulatory assets under management.
Numerai: Part 2A Page 5