Magnetar Financial LLC (“Magnetar” or the “Investment Manager”) is a Delaware limited
liability company and has been an SEC registered investment adviser since September 2005.
Magnetar Capital Partners LP is the sole member of Magnetar Financial LLC. The general partner
of Magnetar Capital Partners LP is Supernova Management LLC. Supernova Management LLC
is owned by David Snyderman, Ross Laser and Alec Litowitz.
Effective October 24, 2022, David Snyderman was appointed Chief Executive Officer of
Magnetar.
Magnetar Financial LLC serves as the investment manager for, and provides discretionary and may
at times provide non-discretionary investment advisory services to, several U.S. and non-U.S.
private investment funds and separately managed accounts. The private investment funds and
separately managed accounts may pursue a single strategy or multiple strategies and may invest in
a wide range of securities, derivatives and other assets. “ The private investment funds for which
Magnetar acts as investment manager are referred to collectively as the “Funds.” The Funds can
be broadly categorized as “Internal Funds,” which are anticipated to have as their only investors
one or more of the other Funds, and “External Funds,” which accept investments from outside
investors. The External Funds may invest any or all of their assets into one or more Internal Funds
rather than trading directly.
Magnetar has full discretion in trading on behalf of the Funds. Magnetar does not require, and
does not seek, approval from the Funds or the investors in the Funds with respect to its trading.
Magnetar
provides discretionary (and, in some cases, non-discretionary) investment advisory
services to separately managed accounts and, as such, will tailor its advisory services to the needs
of the client which owns the separately managed account. The separately managed accounts for
which Magnetar acts as investment manager are referred to collectively as the “SMAs.” Investors
may impose restrictions on investing in certain securities or types of securities in a SMA.
Magnetar also manages co-investment funds, funds of one, including funds of one that may invest
solely through co-investment funds managed by Magnetar, and certain other investment vehicles.
Where appropriate under the circumstances, Magnetar also expects to serve as investment advisor
and/or sub-adviser to additional accounts, products or private investment funds in the future,
including funds of one and other pooled investment vehicles.
Together, the Funds and SMAs are referred to collectively herein as the “Clients”.
As of December 31, 2023, Magnetar managed $23,106,396,704 of gross client assets, substantially
all of which are managed on a discretionary basis.
The descriptions set forth in the Brochure of specific advisory services that Magnetar offers
to Clients, and investments made by Magnetar on behalf of its Clients, should not be
understood to limit in any way Magnetar’s investment activities. Magnetar may offer any
advisory services, engage in any investment strategy and make any investment including any
not described in this Brochure, that Magnetar considers appropriate, subject to each Client’s
investment objectives and guidelines.