(Address and Zip Code of principal executive offices)
Registrant’s telephone number, including area code: (855) 672-4468
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Item 1.01 Entry into a Material Definitive Agreement.
Ceres Managed Futures LLC, the general partner of the registrant, and the registrant have entered into a management agreement, dated as of August 1, 2013 (the “Management Agreement”), with J E Moody & Company LLC, a Delaware limited liability company (“JE Moody”), pursuant to which JE Moody shall manage the portion of the registrant’s assets allocated to it.
Pursuant to the Management Agreement, the registrant will pay JE Moody a monthly management fee equal to 2% per year of the month-end net assets allocated to JE Moody. JE Moody will also receive a quarterly incentive fee equal to 20% of new trading profits (as defined in the attached Management Agreement) earned by JE Moody in each calendar quarter.
The Management Agreement will expire on June 30th of each year and may be renewed by the general partner, in its sole discretion, for additional one-year periods upon notice to JE Moody not less than 30 days prior to the expiration of the previous period.
Management Agreement dated August 1, 2013 by and among the registrant, Ceres Managed Futures LLC and J E Moody & Company LLC.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
