Overview This section of the Firm Brochure contains a general description of UBS Hedge Fund Solutions LLC (also referred to as “we,” “our,” the “Firm,” or “HFS”), as well as information regarding our ownership structure, the types of advisory services we provide and the investment instruments we use and how we tailor advisory services to client needs,., General description and ownership HFS, a limited liability corporation incorporated in the State of Delaware, is a wholly owned subsidiary of UBS Asset Management (Americas) Inc. (“UBS AM”), which itself is a wholly owned subsidiary of UBS Americas Inc., a wholly owned subsidiary of UBS Americas Holding LLC, which in turn is owned by UBS AG and ultimately by UBS Group AG, a publicly traded Swiss corporation (SIX and NYSE: UBS) ("UBS"). HFS was originally part of another UBS AG subsidiary; however, it was organized as a separate investment management entity and registered with the SEC as an investment advisor in March 2004. Our principal place of business is in Stamford, Connecticut with additional United States offices in New York, New York. Our Chief Investment Officer is based in London, UK. The operational structure of UBS is comprised of the Corporate Center and four business divisions: Global Wealth Management, Personal & Corporate Banking, Asset Management and the Investment Bank. The UBS Asset Management business division was formed through the merger of Union Bank of Switzerland and Swiss Bank Corporation in 1998. HFS is part of the Asset Management business division of UBS, and offers investment advisory services, primarily regarding investments in pooled investment vehicles, to legal entities, family offices, and other institutional and ultra-high net worth investors, which are described more fully herein. The UBS Asset Management business division is itself divided into multiple separate businesses that provide asset management services globally. 1. UBS AM offers discretionary and non-discretionary investment advisory, investment management and sub-advisory services to various clients through their equities, fixed income, and investment solutions platforms and wrap fee programs. 2. UBS O’Connor LLC (“O’Connor”), another wholly owned subsidiary of UBS AM, provides discretionary and non-discretionary investment advisory services to various types of pooled investment vehicles and institutional separately managed accounts. 3. UBS Real Estate & Private Markets ("REPM") includes: UBS Realty Investors LLC (“RE”), which offers real estate investments through commingled real estate funds and individually managed discretionary and non-discretionary real estate accounts; UBS Farmland Investors LLC (“Farmland”), which offers advice to clients in connection with the acquisition or sale and management of agricultural real estate; and direct real estate through infrastructure direct investment and multi- managers, which primarily construct bespoke portfolios and funds. 4. UBS Asset Management Trust Company (the "Trust Company") acts as trustee and investment manager to certain collective investment trusts. 5. UBS Fund Management Services ("FMS") provides administrative services primarily to traditional investment funds domiciled outside of the United States. The UBS AM, O'Connor, REPM, Trust Company and FMS businesses are not covered by this Firm Brochure. Types of advisory services HFS primarily offers investment advisory services regarding investments in privately placed pooled investment vehicles (“Private Funds”). We provide investment management services to a variety of investment vehicles, some of which are registered under the Investment Company Act of 1940, as amended (the “Investment Company Act”) (“RICs”). (For purposes of this Brochure, such RICs and Private Funds are collectively referred to as the “Funds.”) Additionally, HFS provides investment advisory services to affiliated entities, institutional entities, intermediary firms, family offices, and ultra-high net worth investors. Our investment advisory services include discretionary investment management services (clients who have authorized HFS to execute

transactions for their accounts without prior approval) and non-discretionary investment advisory services (clients who either employ our services to provide investment advice or who require that transactions be either traded by or authorized by the respective client in advance) to our clients in accordance with investment guidelines set forth in each client’s respective investment advisory or investment management agreements. Additionally, HFS may seek the advice and assistance of its non-U.S. affiliates within UBS Asset Management in providing investment supervisory services to its U.S. clients (in such capacity, "Participating Affiliates"). Please see Item 10 Other Financial Industry Activities and Affiliates for further information. Types of instruments Although HFS provides investment advice regarding investments in Private Funds, investment advice is not limited to any specific product or security type and may include, but is not limited to, advice regarding the following securities: all types of fixed income, equity security, virtual assets, currency, loan, contract or derivatives thereof, including, without limitation, notes, bonds, bank obligations, trade claims, swaps, including credit default swaps, and other notional principal contracts, common or preferred stock, equity indices, money market funds, exchange-traded funds and other investment funds, interests in partnerships, investments in real estate, oil and gas interests, contracts based on indices, and contracts that transfer risk, such as total return swaps, futures, options and forward contracts, which may be held for investment or hedging purposes. Tailoring advisory services to client needs HFS manages investment vehicles according to the applicable organizational documents, offering memorandum, and negotiated investment management agreements. Additionally, HFS provides advisory services to affiliated entities, institutional entities, intermediary firms, family offices and ultra-high net worth investors pursuant to negotiated investment advisory agreements. These investment advisory agreements are based upon the respective advisory clients’ objectives determined following discussions with each advisory client and/or their representatives. These discussions ordinarily include, among other things, topics such as investment strategies, investment program, time horizon, risk tolerance and liquidity needs. Using this information, HFS seeks to develop an investment profile and provide advice that it reasonably believes will achieve such investment objectives. Restrictions regarding certain types of services and investments HFS is a part of a global financial services firm and may be precluded from acquiring or selling certain securities or investments on behalf of itself and clients as a result of inside information, conflicts of interests or other applicable laws or regulations. Ultimate ownership by a foreign bank (UBS Group AG) subjects HFS to certain provisions of the Bank Holding Company Act (“BHCA”). HFS and UBS adhere to global policies that require compliance with relevant regulatory and legal requirements. An example of such a requirement would be sanctions, which are any measure or restriction (including those often referred to as embargoes), taken by one or more countries, their respective government agencies or by an international organization, which is aimed at restricting dealings of any kind with or involving another country, specific persons, legal entities, organizations or goods. HFS and UBS may also deem certain additional countries or industries to be high risk and may restrict business activities with certain countries, governments, government-controlled entities, territories or persons. In some cases, business activities are expressly prohibited, where other cases may require pre-approval from regional compliance personnel before any business activity can be considered. Assets under management Client regulatory assets under management for HFS as of December 31, 2022 are as follows: US Dollar Amount Discretionary: $ 24,026,057,249 Non-Discretionary $15,725,834,123 Total: $39,751,891,372