Parallax Volatility Advisers, L.p.

Parallax Volatility Advisers, L.P. is a California limited partnership established in 1996, specializing in managing assets on a discretionary basis. The firm's managing principals are S. Daniel Hutchison, William Bartlett, and Jill Armstrong. Parallax Core, the firm's single fund family, includes Parallax Master Fund, L.P., Parallax Fund, L.P., and Parallax Offshore Investors Fund Ltd. The Master Fund employs an equity volatility relative value strategy focusing on US and non-US options contracts and other securities instruments. The firm charges a management fee of 1.65% per year for Parallax Core and performance allocations based on net profits. Clients are required to invest a minimum of $2,000,000, with the firm having full investment discretion. Parallax Volatility Advisers, L.P. is a fiduciary acting in the best interests of its clients. The firm has a Code of Ethics in place and is registered with the CFTC and a member of the National Futures Association. Clients receive monthly reports and annual financial statements. The firm does not compensate for client referrals and maintains strict privacy and data security measures. For California residents, the firm complies with the California Consumer Privacy Act, offering rights to access, delete, and correct Personal Information.