Effective as of January 1, 2015: (i) the performance fees will be calculated and paid as of the end of each calendar quarter, rather than annually (ii) The Trading Advisor no longer shares any of the performance fees with MLAI and (iii) The management fee sharing arrangement between the Trading Advisor and MLAI has been changed to provide for the Trading Advisor to share 50% of the management fees with MLAI (other than with respect to Class DT Units).
Management has evaluated the impact of subsequent events on the Fund 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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Other recent filings from the company include the following: