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 December 2009 and has been registered with the SEC since February 18, 2010. 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 and funds of one, as well as separately managed accounts. The Adviser also provides advisory services on a discretionary basis, as an investment sub-adviser, to an investment company registered under the U.S. Investment Company Act of 1940, as amended (the “Investment Company Act”), as well as an investment manager or sub-adviser to funds formed and registered under foreign law in accordance with the European Union’s Undertakings for Collective Investment in Transferable Securities (“UCITS”), which are authorized for public offer and sale in certain jurisdictions. The private investment funds, commingled vehicles, investment company, UCITS funds, funds of one and separately managed accounts to which the Adviser provides advisory services are referred to herein collectively as “Clients,” and each as a “Client.” The Adviser specializes in process-driven, systematic investment management, generally by employing quantitative analysis including licensed mathematical strategies that rely on patterns inferred from historical prices and other data in evaluating prospective investments. These strategies are implemented by various optimization and execution Techniques (as defined below). In addition to systematic strategies and Techniques, the Adviser utilizes, to a lesser extent, 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. Two Sigma Investments, LP (“TSI”), an affiliate of the Adviser, develops investment strategies as well as risk management, investment, optimization and execution techniques (collectively, the “Techniques”) that are used in connection with the provision of investment advisory and execution services by TSI to TSI’s clients (the “TSI Clients”). To provide advisory services to its own Clients, the Adviser licenses from TSI (i) a sub-set of TSI’s strategies and Techniques (such licensed strategies and Techniques, the “Analytics”) and (ii) derived data, in each case, pursuant to the terms of a Licensing and Services Agreement entered into between the Adviser and TSI (the “Licensing and Services Agreement”). TSI has complete discretion regarding which of its strategies and Techniques

it elects to license to (and correspondingly withhold from) the Adviser. The Adviser exercises its delegated authority from Clients by choosing which of such licensed Analytics to utilize on behalf of each Client and by adjusting or modifying various programmable settings in certain of such Analytics in order to accommodate each Client’s investment objectives, risk/return profiles, leverage rates and liquidity terms (each, a “Mandate” and, collectively, the “Mandates”). The Adviser, TSI and other affiliates of the Adviser are referred to herein collectively as “Two Sigma Affiliates.” The Adviser provides 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, exchange traded products (including exchange traded products on equity or sector indices), debt instruments, FX, futures, bonds and other fixed income securities (including, without limitation, corporate, agency, non-U.S. and U.S. municipality, treasury and insurance-linked bonds and other fixed income instruments), currency contracts, futures options, spot trades, forward contracts, warrants, options (both listed and over-the-counter (“OTC”) including, without limitation, caps and floors), repurchase agreements, reverse repurchase agreements, swaps (of any and all types including, among other things, total return swaps, equity swaps, commodity swaps, interest rate swaps, currency swaps, futures look-alike swaps and credit default swaps, and indices thereof), 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, treasury and agency securities, municipal notes, commercial paper, time deposits, promissory notes and Eurodollar deposits) non-deliverable forward contracts on currencies 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 Mandates set forth in each Client’s offering memorandum, investment management agreement, sub-advisory agreement, prospectus and supplemental disclosure document and/or other governing documents, as applicable. Other than the restrictions set forth therein, Clients 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. Where relevant, prospectuses and supplemental disclosure documents, including Statements of Additional Information, are publicly available on the SEC’s website at www.sec.gov. As of December 31, 2022, the Adviser had approximately $67,471,220,893 of regulatory assets under management, all on a discretionary basis.