Effective as of May 1, 2015, FRM Investment Management (USA) LLC, a Delaware limited liability company (“FRM”), became the manager of the Fund. FRM is an indirect, wholly-owned subsidiary of Man Group plc. Effective as of May 1, 2015, MLAI ceased serving as sponsor and manager of the Fund.
Effective as of May 1, 2015, the name of the Fund changed from “Systematic Momentum FuturesAccess LLC” to “Man FRM Managed Futures Strategies LLC.”
Effective as of April 30, 2015, the Fund fully redeemed its investment in each of Aspect, BlueTrend, John Locke, Lynx, Transtrend, Tudor Tensor and Winton. Effective as of May 11, 2015, the Fund invested in a new group of underlying portfolio funds described below, provided that the Fund’s investment in Carlisle Delaware Feeder LLC was effective as of May 6, 2015. The new group of underlying portfolio funds and their respective trading advisors are: (i) Blakeney Delaware Feeder LLC, Winton Capital Management Limited as trading advisor; (ii) Campbell Delaware Feeder LLC, Campbell & Company, LP as trading advisor; (iii) Carlisle Delaware Feeder LLC, Transtrend B.V. as trading advisor; (iv) CCP Core Macro Delaware Feeder LLC, Cantab Capital Partners LLP as trading advisor; (v) Quantica MF Delaware Feeder LLC, Quantica Capital AG as trading advisor; and (vi) Silver Delaware Feeder LLC, Lynx Asset Management AB as trading advisor. Reference to Portfolio Funds in the below Items of this Form 10-Q refer to the new group of underlying portfolio funds, except for provisions that specifically, or according to the context, refer to the underlying portfolio funds as of the March 31 quarter-end. Reference to Trading Advisors in the below Items of this Form 10-Q refer to the trading advisors of the new group of underlying portfolio funds as applicable.
Management has evaluated the impact of subsequent events on the Fund through the date the financial statements were issued and has determined that there were no other subsequent events that require adjustments to, or disclosure in, the financial statements.
The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.
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