A. General Description of Advisory Firm. We provide discretionary investment management services and related administrative services to our Funds. Our firm was founded in 1991 and has approximately 193 employees in four offices. Our headquarters is in Dallas, Texas and we also have offices in New York City and London and Charlottesville, Virginia.. See Item 10(C). The principal owner of HBK Investments L.P. is HBK Management LLC. All of the management company entities that operate our business are ultimately controlled by the managing directors who run our business, none of whom individually owns 25% or more of the economic interests in HBK. For a description of companies and individuals that have control of HBK, please see Schedules A and B of Part 1A of HBK’s Form ADV. In addition, certain of our affiliates serve as general partner of certain Funds. B. Description of Advisory Services. Our only business is to provide discretionary investment management services and related administrative services to our Funds. In managing our Funds, we seek to generate attractive absolute returns with relatively low volatility and relatively low correlation to most major market indices. Except as limited by the applicable Fund Documents and applicable laws and regulations, we may invest through both long and short positions in an unlimited range of securities, derivatives and other financial instruments throughout the world, including, without limitation, equity and equity-related securities, bonds and other fixed income securities, loans and loan participations, mortgage-backed and other asset-backed securities, currencies, commodities, futures, forward contracts, warrants, options, swaps and other derivative

instruments (collectively, Financial Instruments). Except as limited by the applicable Fund Documents and applicable laws and regulations, we are not subject to any specific restrictions on asset type, industry, geographic market, concentration, leverage, exposure to market risk or other portfolio characteristics. Our largest Funds are global, multi-strategy funds (Multi-Strategy Funds) that have combined substantially all their assets into a single master pool (the Multi-Strategy Master Fund). We also manage a group of merger arbitrage funds (Merger Strategies Funds), which have combined substantially all their assets into a single master pool (the Merger Strategies Master Fund), a convertible arbitrage fund (the Convertible Arbitrage Fund), and a credit fund (the Credit Fund), into which investors contribute capital when called pursuant to capital commitments. HBK Europe Management LLP, a relying adviser of HBK Investments L.P., has been appointed as investment manager of a Luxembourg-domiciled Undertaking for Collective Investments in Transferable Securities (referred to as the UCITS Fund). C. Availability of Customized Services for Individual Clients. In managing the Funds, we are not subject to any restrictions on asset type, industry, geographic market, concentration, leverage, exposure to market risk or other portfolio characteristics except as disclosed in the applicable Fund Documents. See Item 4.B. above. D. Wrap Fee Programs. We do not participate in wrap fee programs. E. Assets Under Management. As of December 31, 2023, our total regulatory assets under management were $20,308,069,000. All of our regulatory assets under management are managed on a discretionary basis.