NuVerse Advisors LLC (“NuVerse”) was formed in 2001 by Dov C. Schlein, Elias Saal and
Stephen J. Saali as principals and equity owners. In September 2021, Dov Schlein and Elias Saal
each transferred 100% of their membership interest in NuVerse to revocable trusts in which each
is both the sole trustee and sole beneficial owner. Each of the aforementioned individuals has the
title of “Managing Partner” of NuVerse and together, the Managing Partners are responsible for
the conduct of NuVerse’s business. NuVerse is registered with the U.S. Securities and Exchange
Commission as an investment adviser, under the Investment Advisers Act of 1940, as amended.
NuVerse serves as the investment manager to S3 Global Multi-Strategy Fund Ltd. (“S3 Ltd.”) and
its Bermuda Master Fund, S3 Global Multi-Strategy Master Fund Ltd. (“S3 Master Fund”) and as
the Managing Member of S3 Global Multi-Strategy Fund LLC (“S3 LLC”). In addition to serving
as the investment manager to the S3 Master Fund, S3 Ltd. and S3 LLC as described above,
NuVerse also provides investment supervisory services to a pooled investment vehicle in Malta
(collectively with S3 Ltd. and S3 LLC, the “Funds” and each individually, a “Fund”) and to a
limited number of managed accounts of individuals or institutions or other organized entities (each
a “Managed Account” and collectively, the “Managed Accounts”). (Funds and Managed Accounts
may be referred to as an “Account” or collectively, “Accounts”).
Additionally, NuVerse makes determinations with respect to the portion of each Fund’s assets that
should be allocated to outside investments in partnerships (or limited liability companies), both
onshore and offshore, with investment strategies that seek capital appreciation through both fixed
income and equity
investments; in certain cases, such entities utilize forwards, futures and options
on foreign exchange and financial commodities as part of their respective investment strategies.
Other types of investments to which NuVerse determines to allocate a portion of the assets of the
Funds include real estate projects in countries such as the United States and Italy. As the
Investment Manager of the Funds and Managed Accounts, NuVerse utilizes a variety of investment
strategies, including, but not limited to, the following: global macro, long-short equity, real estate
related investments, fixed income and related derivative instruments including securities
denominated in various foreign currencies. Fund strategies may also involve sophisticated hedging
techniques and leverage from time to time. NuVerse tailors its advisory services to meet the
individual needs and risk profile of its clients. Nuverse does this by designating specific portfolios
for investments and segregating portfolios by type of investments and risk profile. NuVerse’s
Managed Account clients may request that their portfolio should not invest in certain securities or
types of securities. NuVerse does not participate in any wrap fee services. NuVerse sometimes
creates a separate class of shares for Fund investors who want a specific type of investment or do
not want a particular type of security. Otherwise, the investors within each class have similar
portfolios.
As of December 31, 2023, NuVerse managed $796.4 million (including $116.1 million of inter-
company investments) of client assets (of which $779.7 million were under discretionary
management and $16.7 million were under non-discretionary management) which included $61.2
million of related liabilities.