Advantage Advisers Multi-Manager, L.L.C.

Business, clients and compensation, as filed

Advisory activities

portfolio management for investment companies and portfolio management for pooled investment vehicles

Compensated by

a percentage of assets under management and performance-based fees

Client types

investment companies (1); pooled investment vehicles (1)

Also engaged as

commodity pool operator or commodity trading advisor

Related persons include

a broker-dealer, another investment adviser, a commodity pool operator or commodity trading advisor, a trust company, an insurance company or agency, a pension consultant and a sponsor, general partner or managing member of pooled investment vehicles

Affiliates

3 broker-dealers, 4 investment advisers

Form ADV Item 11 disclosures

The firm answered yes to the following Item 11 questions. The answers cover the firm and its advisory affiliates; the Disclosure Reporting Pages on IAPD identify the subject and the outcome.

• SEC or CFTC finding of a violation of regulations or statutes (Item 11C(2), 2 reported)
• SEC or CFTC order against the firm or an affiliate (Item 11C(4), 2 reported)
• SEC or CFTC civil money penalty or cease-and-desist (Item 11C(5), 2 reported)
• other regulator finding of a violation (Item 11D(2), 2 reported)
• other regulator order, denial, suspension or revocation (Item 11D(4), 2 reported)
• self-regulatory organization finding of a false statement (Item 11E(1))
• self-regulatory organization finding of a violation (Item 11E(2))
• unsatisfied judgment or lien (Item 11G)

Form D activity of the funds this firm advises, by year

1 issuer in AltStreet's EDGAR ledger are joined to this adviser through Form ADV Schedule D, with Form D filings from February 13, 2012 to February 20, 2026. 1 offering is still raising on the latest filing. Reported sold across them: $85.1M.Years are the year of each offering's first notice; sold and investors are the latest figures on each chain. Counts and totals only; the fund roster is in the terminal.

Registered funds this firm advises, from Form N-CEN

1 fundregistered under the Investment Company Act name this firm as investment adviser on the latest Form N-CEN. Net assets and the share of holdings at Level 3 or carried at NAV ("marks") are from the newest Form N-PORT; the flow series is on each fund's page in Terminal Pro. Fee and expense ratios are as the fund reported them on N-CEN.