ADVISORY BUSINESS Our Firm Graticule Asset Management Asia, L.P. (“GAMA LP”), through its regulated subsidiaries, manages hedge funds and provides alternative investment management services to institutional managed accounts. GAMA LP is based in Singapore and was established as a Cayman Islands exempted limited partnership in January 2014 by Fortress Investment Group (“Fortress”). Effective January 5, 2015, control of GAMA LP was transferred from Fortress to entities owned and controlled by Adam Levinson (“Levinson”). Fortress ceased to have any affiliation with GAMA in 2018. GAMA LP provides advisory services via its subsidiaries Graticule Asia Macro Advisors LLC (“GAMA US”) and Graticule Asset Management Asia Pte. Ltd. (“GAMA Singapore”). Each of GAMA US and GAMA Singapore is an SEC-registered investment adviser. For ease of reference, the term “GAMA” is used throughout this brochure and should be understood to include GAMA US (and its relying advisers) as well as GAMA Singapore, unless otherwise noted. Please note that SEC registration does not imply a certain level of skill or training. GAMA US was formed in December 2010 (as “Fortress Asia Macro Advisors LLC”). GAMA Singapore was formed in March 2014. GAMA Singapore is based in Singapore. GAMA US is headquartered in Singapore and has offices in New York and San Francisco as well. As of February 28, 2023, GAMA LP and its subsidiaries employed 52 people, of whom 24 were employed by GAMA Singapore, 26 were employed by GAMA US and 1 was employed by an affiliate in London. On March 17, 2023, the boards of directors of the Graticule Asia Macro Fund (“GAMF”) and Graticule Managed Fund C (a fund that trades alongside GAMF) resolved to begin the process of winding down the operations of those funds (the “Fund Wind Down”). The descriptions of GAMA’s Clients (as defined below) in this brochure, including the type of investments made and strategies used, fees and expenses charged, risk factors and conflicts of interests that may arise in the course of GAMA’s management of such funds and investments, are qualified in their entirety by reference to such Clients’ operating agreements, offering memoranda and subscription documents (collectively referred to herein as the “Offering Documents”). GAMA’s Advisory Entities GAMA LP conducts its investment management business through GAMA US (801- 79670) and GAMA Singapore (801-113089). Principal Owners of GAMA US and GAMA Singapore Each of GAMA US and GAMA Singapore is a wholly-owned subsidiary of GAMA LP. The principal owners of GAMA LP are Levinson, funds managed by Dyal Capital Partners (“Dyal”), and an entity comprised of certain senior managers of GAMA. Levinson’s interests in GAMA LP are held through a wholly-owned entity and a trust for the benefit of Levinson and his family. GAMA’s Advisory Services GAMA US and GAMA Singapore manage, on a discretionary

basis, hedge funds and managed accounts that may invest globally in, among other things, fixed income, currency, equity and commodity markets and related derivatives, and cryptocurrencies and other digital assets. GAMA US and GAMA Singapore also act as sub-adviser with respect to certain funds and managed accounts. GAMA US also acts as investment manager to certain vehicles that make investments in the equity or debt of early stage companies. GAMA Clients For the most part, GAMA’s Clients are either (i) pooled investment vehicles that are structured as limited partnerships, limited liability companies or corporations and which comply with Section 3(c)(7) and/or Section 7(d) of the Investment Company Act of 1940 (the “Investment Company Act”), for the purpose of pursuing one or more alternative asset investment strategies (collectively, the “Private Funds”); or (ii) single investor managed accounts or funds, the investment strategies of which typically parallel all or a portion of the investment strategies of one of the Private Funds (“Managed Accounts”). The Private Funds and the Managed Accounts are collectively referred to throughout this brochure as the “Clients.” GAMA’s flagship fund is the GAMF, which, as described above, is currently in the process of being wound down. GAMA also manages the Graticule Digital Asset Fund, which was launched in 2021, and manages certain special-purpose vehicles formed to make specific single investments (typically in digital assets or the equity of privately-held companies). Customized Services for Individual Investors As described above, GAMA US and GAMA Singapore provide investment advisory services to institutional Managed Accounts, which, unlike the Private Funds described above, are generally formed for the specific purpose of managing the assets of a single institutional investor or a group of related investors. The investment strategies for the Managed Accounts generally parallel all or a portion of the investment strategies of one or more of the Private Funds, but there are, on occasion, differences between the investment strategies of a Managed Account and any other GAMA Client. GAMA US enters into agreements to advise Managed Accounts only under limited circumstances and the advisory services provided to each such Client, and the related terms and fees, are negotiated on a case-by-case basis. Assets Under Management As of January 31, 2023, GAMA US had approximately $2.1 billion in discretionary fee-paying assets under management. GAMA Singapore acts as a sub-adviser to the funds and accounts for which GAMA US serves as the primary adviser, and has no other clients or accounts; as a result, it also had approximately $2.1 billion in discretionary fee-paying assets under management as of that date. As a result of the Fund Wind Down, it is anticipated that the assets under management by GAMA US and GAMA Singapore will decline significantly in the coming months.