ADVANTAGE ADVISERS MANAGEMENT, LLC

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Adviser Profile
As of Date 06/24/2024
Adviser Type - Large advisory firm
Number of Employees 18
of those in investment advisory functions 4
Registration SEC, Approved, 7/31/1998
AUM* 237,342,852 -21.27%
of that, discretionary 237,342,852 -21.27%
Private Fund GAV* 237,720,571 -21.15%
Avg Account Size 79,114,284 -21.27%
SMA’s No
Private Funds 3
Contact Info 212 xxxxxxx

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
666M 570M 475M 380M 285M 190M 95M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$197,078,120
Fund TypeOther Private Fund Count2 GAV$40,642,451

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Brochure Summary

Overview

A. General Description of Advisory Firm Advantage Advisers Management, LLC ("AAM") was formed on October 29, 1997. AAM provides general advisory and management services pooled investment vehicles. AAM acts as investment adviser to funds (as listed below) and provides investment advisory services primarily with the assistance of employees of Oppenheimer Asset Management Inc. (the "Sponsor" or "OAM"), including investment professionals who manage the assets of the fund assets and investments (the "Investment Professionals"). OAM, managing member of AAM, is an SEC registered investment adviser. OAM is an indirect wholly owned subsidiary of Oppenheimer Holdings Inc. ("OPY"), a publicly traded company listed on the New York Stock Exchange ("NYSE"), and controlled by Albert G. Lowenthal, who controls greater than 50% of the voting securities of OPY. AAM has retained Oppenheimer & Co. Inc. ("Oppenheimer"), an affiliate of AAM, to provide administration services to the Fund. Oppenheimer sub delegates to BNY Mellon Investment Servicing (US) Inc. (“BNY”) certain administrative functions. Accordingly, the management fees described below are paid to Oppenheimer and not to AAM. Alkeon Capital Management, LLC (“Alkeon”) serves as portfolio manager of Advantage Advisers Global Growth, LLC (“Global Growth”) and provides discretionary
management of Global Growth's portfolio and performs certain administrative services in connection with its role as portfolio manager. Alkeon is a non-managing member of AAM. B. Description of Advisory Services AAM provides advisory services to Global Growth, an equity long/short hedge fund focused on global growth companies. Global Growth's investment portfolio is managed by investment professionals employed by Alkeon under the supervision of OAM. AAM provides advisory services to Advantage Advisers Tax Exempt High Income Fund I, LLC and Advantage Advisers Tax Exempt High Income Fund II, LLC (together the “TE Funds”). The TE Funds were launched in November 2013. Principal Street serves as the sub-advisor to the TE Funds pursuant to the terms of a sub-advisory agreement (the “Sub-Advisory Agreement”) among the AAM, Sub- Advisor and the TE Funds effective October 1, 2016. Global Growth and the TE Funds are collectively referred to as the “Funds” herein. AAM does not offer customized services for the Funds. Investors purchase units in the Fund and investments are made at the fund level, not for individual investors in the Funds. Assets under Management As of December 31, 2023 AAM managed $[] of Fund client assets on a discretionary basis. AAM did not manage any client assets on a non-discretionary basis.