On January 1, 2018, Point72 Asset Management, L.P. (“Point72 Asset Management”), formerly Stamford Harbor
Capital, L.P., assumed investment management authority over a number of investment funds and other investment
vehicles that were previously managed by a family office that was not required to register as an investment adviser
with the SEC. Point72 Asset Management, together with its affiliates that rely on Point72 Asset Management’s Form
ADV to file a single registration (each, a “Relying Adviser,” and collectively with Point72 Asset Management,
“Point72”), manage the assets and investments of a number of investment funds and other investment vehicles (the
“Point72 Funds”).
Point72 Asset Management is a Delaware limited partnership, of which Steven A. Cohen owns more than 25% through
intermediate entities. Point72 is a global asset management firm with offices in the United States and affiliated
companies in Europe, the Middle East, Asia, and Australia. Point72 is a research-driven investment management firm
built around a core position in discretionary long/short equities, as well as systematic, global macro and other
strategies.
The Point72 Funds include U.S. and non-U.S. investment limited partnerships, companies, limited liability companies
and other vehicles that are not registered or required to be registered under the U.S. Investment Company Act of 1940,
as amended (the “Investment Company Act”). The Point72 Funds generally invest through a modified “master-
feeder” structure in which a Point72 Fund serving as a “feeder fund” (each, a “Point72 Feeder”) pursues its investment
objective by investing its assets directly or indirectly through various other Point72 Funds serving as “master funds”
(the “Subsidiary Funds”). The securities of the Point72 Funds will not be registered or required to be registered under
the U.S. Securities Act of 1933, as amended (the “Securities Act”), and will be privately placed to qualified investors
in the United States and elsewhere.
The terms upon which Point72 serves as investment
manager of the Point72 Funds are set out in separate investment
management agreements, limited partnership agreements, private placement memoranda and/or the governing
documents (collectively, the “Governing Documents”) for each Point72 Fund. Terms may be changed over time
by Point72 or a Point72 Fund’s general partner or managing member, as applicable (a “General Partner”) or board
of directors or managers, as applicable (a “Board”), as the case may be. Point72 provides similar services to all
Point72 Funds. The terms of the Governing Documents will vary from Point72 Fund to Point72 Fund. An
investment management agreement generally will remain in effect for an initial one-year term and automatically
will be extended for successive one-year terms thereafter. An investment management agreement generally may be
terminated by any party to the agreement upon not less than 90 calendar days’ written notice before the end of any
fiscal year.
The Point72 Funds can generally be described as hedge funds that offer periodic liquidity to investors. In March of
2021, Point72 launched a private equity fund that does not offer periodic liquidity to investors (together with any
feeder funds and parallel vehicles, the “Point72 Hyperscale Fund”). While this brochure contains certain information
related to the Point72 Hyperscale Fund, the general descriptions applicable to Point72 Funds in this Brochure may not
be applicable to the Point72 Hyperscale Fund. The investment strategies, risks and types of securities invested in by
the Point72 Hyperscale Fund, as well as the fees, performance compensation and expenses incurred by the Point72
Hyperscale Fund, vary substantially from those of the other Point72 Funds described herein. More information about
the Point72 Hyperscale Fund can be found in its Governing Documents.
As of December 31, 2023, Point72 managed approximately $172,101,300,000 of regulatory assets under
management, which amount is based on unaudited information. All of these assets are managed on a discretionary
basis.