The Adviser is an investment adviser with its principal place of business in New York, New York. The Adviser commenced operations as an investment adviser in April 2002 and has been registered with the SEC since August 21, 2009. Two Sigma Management, LLC is the general partner of the Adviser. Trusts established by John A. Overdeck and David M. Siegel are the principal owners of the Adviser. The Adviser provides advisory services on a discretionary basis to its clients, which include various private investment funds, consisting of both commingled vehicles (including employees’ securities companies) and funds of one, as discussed in Item 7 of this brochure. Such private investment funds to which the Adviser provides advisory services are referred to herein collectively as “Clients” and each, as a “Client.” The Adviser and its affiliates are referred to herein collectively as “Two Sigma Affiliates.” The Adviser specializes in process-driven, systematic investment management, generally by performing quantitative analysis to build mathematical strategies that rely on patterns inferred from historical prices and other data in evaluating prospective investments. These strategies are implemented by employing various risk management, investment, optimization and execution techniques (collectively, the “Techniques”). In addition to systematic strategies and Techniques, the Adviser utilizes certain non-systematic and/or discretionary strategies and Techniques often based, at least in part, on quantitative analysis. In certain cases, the Adviser expects to rely primarily or solely on human discretion, including for the purpose of pursuing what are viewed by its investment professionals as opportunistic trade ideas or discretionary strategies. The Adviser uses these strategies and Techniques to provide advisory services with respect to a broad range of securities and financial instruments, which include or may include, without limitation, U.S. and non-U.S. equity and equity-related securities, bonds and other fixed income securities (including, without limitation, corporate, convertible, agency,

non-U.S. and U.S. government or municipality bonds, insurance-linked bonds and other fixed income instruments), exchange traded products (including exchange traded products on equity or sector indices), debt instruments, FX, futures, currency contracts, spot trades, forward contracts, warrants, options (both listed and over-the-counter (“OTC”) including, without limitation, caps and floors), SPACs, repurchase agreements, reverse repurchase agreements, swaps (of any and all types including, among other things, equity swaps, commodity swaps, interest rate swaps, coupon swaps, variance swaps, correlation swaps, currency swaps, credit default swaps and indices thereof, futures look- alike swaps and real estate swaps), convertible instruments, inflation protection instruments, mortgage and asset-backed instruments (including collateralized loan obligations), swaptions, foreign exchange contracts (including options, forwards and non-deliverable forward contracts), commodities, derivatives on virtual currencies and/or other digital assets, U.S. and non-U.S. money market funds and money market instruments (including, but not limited to, government and agency securities, municipal notes, commercial paper, time deposits, promissory notes and Eurodollar deposits), insurance-linked securities and any derivatives or financial instruments which exist now or are hereafter created (collectively, “Instruments”). The Adviser provides advisory services to Clients based on specific investment objectives, mandates, guidelines, risk parameters and constraints (collectively, the “Mandates”) set forth in each Client’s offering memorandum, investment management agreement and/or governing documents. Other than the restrictions set forth therein, Clients have broad Mandates and may not impose restrictions on investing in certain securities or certain types of securities. Offering memoranda are made available to investors only through the Adviser or another authorized party. As of December 31, 2023, the Adviser had approximately $83,955,729,097 of regulatory assets under management, all on a discretionary basis.