Overview
A. General Description of Advisory Firm
Advantage Advisers Multi-Manager, LLC (“Multi-Manager”) was formed in September 1999. Multi-
Manager provides investment advisory services to pooled investment vehicles. The managing member of Multi-
Manager is Oppenheimer Asset Management Inc. (“OAM”), which is owned directly by E.A. Viner International
Co., a subsidiary of Oppenheimer Holdings Inc., a publicly held company. Alkeon Capital Management, LLC
(“Alkeon”) is a non-managing member of Multi-Manager.
B. Description of Advisory Services
Multi-Manager serves as investment adviser to collective investment vehicles (known individually as the
“Fund” and collectively as the “Funds”) described below. Each Fund is governed by a Board of
Directors/Managers (the “Board”), a majority of whose members are not affiliated with Multi-Manager or its
affiliates.
1) Advantage Advisers Global Growth Ltd. (“Global Growth”): a fund incorporated in the Cayman Islands
that invests its assets primarily
in equity securities of U.S. and non U.S. growth companies. Investment
professionals of Alkeon, a registered investment adviser that is not affiliated with Multi-Manager or
OAM, manage Global Growth’s portfolio on behalf of Multi-Manager.
2) Advantage Advisers Xanthus Fund, LLC (“Xanthus”): a fund organized in Delaware as a limited liability
company that is registered under the 1940 Act as a closed end management investment company and
operates as a diversified company. Alkeon provides sub-advisory services for Xanthus as well as certain
administrative services.
Multi-Manager does not offer customized services for individual clients. Multi-Manager’s clients are the
Funds. Investors purchase units in the Funds and investments are made at the Fund level, not for individual
investors in the Fund.
As of December 31, 2023, Multi-Manager managed $[] of client assets on a discretionary basis. Multi-
Manager did not manage any client assets on a non-discretionary basis.