Harvest Management, L.L.C.

Harvest manages assets on a discretionary basis primarily through two private investment funds and three managed accounts, serving investors that include Harvest employees, U.S. high‑net‑worth individuals, corporations, trusts, institutions and other entities. Like many investment managers of pooled vehicles, it charges management and performance‑based fees calculated as a percentage of assets or performance and uses partnership structures with specified withdrawal provisions.

Harvest pursues an event‑driven investment program—including merger arbitrage, special situations, long/short equity and distressed securities—taking both long and short positions based on analysis of catalysts and estimated probabilities of market revaluation. The firm states it may use a range of instruments to implement its strategies, including options, convertible securities, bank loans, currency forwards, and, subject to applicable regulations, commodity futures and other derivatives, and it may borrow or use margin to leverage positions.

Several operational features distinguish Harvest from many peers: it serves as general partner to its funds and may form special‑purpose vehicles for specific holdings, it documents the potential for side letters that give differential rights to investors, and it discloses the use of soft‑dollar research and a formal Brokerage Committee with significant execution through Instinet. Harvest’s explicit disclosure that it may trade commodity futures and employ derivatives and borrowing in implementing its strategies reflects activities more commonly associated with commodity pool operator or trading advisor roles and is less typical among investment managers focused mainly on pooled equity strategies.