9AT: ADVANTAGE ADVISERS MANAGEMENT, LLC

other names

ADVANTAGE ADVISERS MANAGEMENT, LLC
CIBC OPPENHEIMER ADVISERS LLC

Adviser Profile

As of Date	10/17/2025
ADV Location	NEW YORK, NY, United States
Adviser Type - Large advisory firm
Number of Employees	18
of those in investment advisory functions	4
Registration	SEC, Approved, 07/31/1998

AUM^*	277,667,950 -8%
of that, discretionary	277,667,950 -8%
Private Fund GAV^*	277,667,950 17%
Avg Account Size	92,555,983 -8%
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

Fund Type	Count	GAV
Fund TypeHedge Fund	Count1	GAV$250,631,079
Fund TypeOther Private Fund	Count2	GAV$27,036,871

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser UNIMAR	Hedge Fund56.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund117.7m	Total Private Fund GAV174.3m	AUM213.3m	#Funds8
Adviser WESTROCK ASSET MANAGEMENT, LLC	Hedge Fund198.4m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund27.7m	Total Private Fund GAV226.0m	AUM208.5m	#Funds4
Adviser SQN INVESTORS LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM279.1m	#Funds-
Adviser BALEEN CAPITAL MANAGEMENT LLC	Hedge Fund166.9m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund25.8m	Total Private Fund GAV192.7m	AUM192.7m	#Funds3
Adviser CALLODINE CAPITAL MANAGEMENT	Hedge Fund562.6m	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund66.4m	Total Private Fund GAV628.9m	AUM787.3m	#Funds4
Adviser IMARA ASSET MANAGEMENT LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM42.8m	#Funds-
Adviser ARCUS INVESTMENT ASIA LIMITED	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM-	#Funds-
Adviser UTXO MANAGEMENT GP, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM-	#Funds-
Adviser JENEQ MANAGEMENT LP	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM-	#Funds-
Adviser RAGING CAPITAL MANAGEMENT, LLC.	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM-	#Funds-

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.

ADVANTAGE ADVISERS MANAGEMENT, LLC

Adviser Profile

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

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Brochure Summary

Overview