Ulysses Management LLC

Ulysses Management LLC, established in 1997, is a registered investment adviser specializing in providing investment management services to private investment funds and separately managed accounts. The firm manages two funds: one investing in hedge funds and marketable securities, and another focusing on illiquid investments like real estate and private equity. The firm exercises investment discretion tailored to each client's objectives, with approximately $1.54 billion in assets under management as of December 31, 2024. Fees are charged based on a percentage of assets managed, with management fees billed quarterly. Performance-based fees are charged for certain investments, and the firm may engage in leverage and derivative instruments. Ulysses Management LLC does not participate in wrap fee programs and does not accept compensation for the sale of securities. The firm's investment strategies include a range of approaches for marketable securities and illiquid investments, with a focus on risk management and long-term investing. Clients receive regular updates and financial statements, and the firm maintains a code of ethics to ensure fiduciary responsibilities are upheld. Ulysses Management LLC does not engage in brokerage practices that involve conflicts of interest and does not compensate third parties for client referrals. The firm does not maintain custody of client funds and securities, and all investments are held with independent custodians. Ulysses Management LLC has investment discretion over client accounts and follows a voting policy for client securities.