Systematic Momentum FuturesAccess: Other Events

The following excerpt is from the company's SEC filing.

Merrill Lynch Alternative Investments LLC (“MLAI”) is the sponsor and manager of Systematic Momentum FuturesAccess LLC (the “Registrant” or “Fund”).   On December 8, 2014, MLAI and Man Principal Strategies Corp. (“Man Principal Strategies”) entered into an Asset Purchase Agreement (the “Agreement”) with respect to certain assets of MLAI pursuant to which MLAI has agreed, subject to the terms of the Agreement, to the following: (i) an affiliate of Man Principal Strategies shall be substituted for MLAI as manager of the Fund;  (ii) MLAI shall transfer to Man Principal Strategies copies of MLAI’s books and records r elating to the Fund; and (iii) MLAI shall transfer to Man Principal Strategies MLAI’s rights under the Limited Liability Company Operating Agreement of the Fund (the “Transaction”).  The Agreement also involves the sale of certain other assets of MLAI in certain other investment vehicles, in addition to the Fund, which are similar to those being transferred with respect to the Fund.   Upon consummation of the Transaction, an affiliate of Man Principal Strategies will become the manager of the Fund.  Consequently, consummation of the Transaction will constitute a change of control in respect of the Fund.   The consummation of the Transaction is subject to the satisfaction of customary closing conditions and certain approvals, including unit holder consent.  

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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