Investment adviser · CRD 137661

FULCRUM ASSET MANAGEMENT LLP

Investment adviser filing (IA)

LONDON, United Kingdom · Form ADV filed Mar 31, 2026

Regulatory AUM: $69.1B
Client accounts: 26
Employees: 101
Advisory professionals: 39

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	20	$48,442,450,126	70.1%
Other investment advisers	5	$15,975,662,597	23.1%
Investment companies	1	$4,667,847,293	6.8%

Filing source

Form ADV 2071055 · Mar 31, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

16 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

FULCRUM FUNDS SPC II - FULCRUM SH MACRO FUND SPHedge Fund · Last reported Mar 31, 2026$6.71BGross asset value

Fund administrator JPMORGAN HEDGE FUND SERVICES (IRELAND) LIMITED DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LTD CAMANA BAY, Cayman Islands

Custodian J.P. MORGAN CHASE BANK N.A NEW YORK, New York, United States Related to adviser: No

Prime broker GOLDMAN SACHS INTERNATIONAL LONDON, United Kingdom

Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States

Prime broker MORGAN STANLEY INTERNATIONAL LTD LONDON, United Kingdom

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

Fund details & source

Fund ID: 805-3952478639
Reported beneficial owners: 2
Minimum commitment: $500K

Form ADV 2071055 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FULCRUM HORIZON MASTER FUND LIMITEDHedge Fund · Last reported Mar 31, 2026$2.29BGross asset value

Feeder funds

Fund administrator JPMORGAN HEDGE FUND SERVICES (IRELAND) LIMITED DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LTD CAMANA BAY, Cayman Islands

Custodian J.P. MORGAN CHASE BANK N.A NEW YORK, New York, United States Related to adviser: No

Prime broker BARCLAYS BANK PLC LONDON, United Kingdom

Prime broker GOLDMAN SACHS & CO. LLC NEW YORK, New York, United States

Prime broker GOLDMAN SACHS INTERNATIONAL LONDON, United Kingdom

Prime broker J.P. MORGAN SECURITIES LLC NEW YORK, New York, United States

Prime broker MORGAN STANLEY & CO. LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

GOLDMAN SACHS & CO. LLC
CRD 361 · SEC 8-129

J.P. MORGAN SECURITIES LLC
CRD 79 · SEC 8-35008

MORGAN STANLEY & CO. LLC
CRD 8209 · SEC 8-15869

Fund details & source

Fund ID: 805-7774534365
Reported beneficial owners: 2
Minimum commitment: $500K
Form D file number: 021-563536

Form ADV 2071055 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FULCRUM FUNDS II SPC - FULCRUM COMMODITIES FUND SPHedge Fund · Last reported Mar 31, 2026$2.15BGross asset value

Form D fundraising filings

Fulcrum Funds II SPC - Fulcrum Commodities Fund SP

Fund administrator JPMORGAN HEDGE FUND SERVICES (IRELAND) LIMITED DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LTD CAMANA BAY, Cayman Islands

Custodian J.P. MORGAN CHASE BANK N.A NEW YORK, New York, United States Related to adviser: No

Marketer SEALARK CAPITAL LIMITED LIMASSOL, Cyprus Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: Yes

Fund details & source

Fund ID: 805-8017123019
Reported beneficial owners: 1
Minimum commitment: $500K
Form D file number: 021-563536

Form ADV 2071055 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FULCRUM FUNDS SPC - FULCRUM DISCRETIONARY MACRO MASTER FUND SPHedge Fund · Last reported Mar 31, 2026$285MGross asset value

Feeder funds

FULCRUM FUNDS II SPC - DISCRETIONARY MACRO FUND SP

Fund administrator JPMORGAN HEDGE FUND SERVICES (IRELAND) LIMITED DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LTD CAMANA BAY, Cayman Islands

Custodian J.P. MORGAN CHASE BANK N.A NEW YORK, New York, United States Related to adviser: No

Prime broker MORGAN STANLEY INTERNATIONAL LTD LONDON, United Kingdom

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund details & source

Fund ID: 805-5419252257
Reported beneficial owners: 5
Minimum commitment: $5M
Form D file number: 021-508062

Form ADV 2071055 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FULCRUM FUNDS SPC FULCRUM ENERGY INFRASTRUCTURE RENEWABLES FUND SPHedge Fund · Last reported Mar 31, 2026$65.7MGross asset value

Fund administrator JPMORGAN HEDGE FUND SERVICES (IRELAND) LIMITED DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LTD CAMANA BAY, Cayman Islands

Custodian J.P. MORGAN CHASE BANK N.A NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund details & source

Fund ID: 805-7701594892
Reported beneficial owners: 2
Minimum commitment: $500K

Form ADV 2071055 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FULCRUM INFLATION PROTECTION STRATEGY MASTER FUNDHedge Fund · Last reported Mar 30, 2023$1.44BGross asset value

Feeder funds

FULCRUM INFLATION PROTECTION STRATEGY
FULCRUM INFLATION PROTECTION STRATEGY

Fund administrator JPMORGAN HEDGE FUND SERVICES (IRELAND) LIMITED DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LTD CAMANA BAY, Cayman Islands

Custodian J.P. MORGAN CHASE BANK N.A NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund details & source

Fund ID: 805-6908041677
Reported beneficial owners: 1
Minimum commitment: $5M

Form ADV 1718354 · Mar 30, 2023 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

FULCRUM FUNDS II SPC - FULCRUM DYNAMIC CONVEXITY FUND SPHedge Fund · Last reported Mar 30, 2023$355MGross asset value

Fund administrator JPMORGAN HEDGE FUND SERVICES (IRELAND) LIMITED DUBLIN, Ireland Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LTD CAMANA BAY, Cayman Islands

Custodian J.P. MORGAN CHASE BANK N.A NEW YORK, New York, United States Related to adviser: No

Provider details

Annual audit: Yes
Prime brokers: No
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

Fund details & source

Fund ID: 805-5557097618
Reported beneficial owners: 3
Minimum commitment: $500K

Form ADV 1718354 · Mar 30, 2023 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Services & filing details

Most recent filing: Mar 31, 2026. View historical filings

Reported services

Investment company portfolio management · Pooled investment vehicle management · Business portfolio management

Compensation

Percentage of assets · Performance-based

Principal office

MARBLE ARCH HOUSE, 66 SEYMOUR STREET
LONDON, W1H 5BT, United Kingdom

CRD 137661

Filing source

Form ADV 2071055 · Mar 31, 2026 · Items 1 & 5

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.