UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
April 2, 2007
Date of Report (Date of Earliest Event Reported)
FUTURES STRATEGIC TRUST
(Exact name of Registrant as Specified in its Charter)
Delaware | 0-23885 | 13-7075398 | ||
(State or other Jurisdiction of Incorporation or Organization) | (Commission File Number) | (I.R.S. Employer Identification No.) |
900 King Street, Rye Brook, New York 10573
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (914) 307-7000
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:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 1.01 | Entry into a Material Definitive Agreement |
Effective close of business on March 30, 2007, Registrant became a member of WCM Pool LLC (“WCM Pool”), a Delaware limited liability company, and a party to WCM Pool’s Organization Agreement. WCM Pool was formed as a means of consolidating the commodity interest trading of its members, including Registrant. Registrant will contribute all of its assets to the WCM Pool in exchange for limited liability company interests therein. A copy of WCM Pool’s Organization Agreement and Amendment No.1 thereto are attached hereto as Exhibits 10.14 and 10.15, respectively.
WCM Pool is party to the Trading Advisor Agreement with Winton Capital Management Limited (“Winton”), a company registered in England and Wales, whereby effective January 1, 2007, Winton began managing the assets of WCM Pool (including those contributed to it by Registrant as of close of business on March 30, 2007) in accordance with Winton’s Diversified Program. A copy of WCM Pool’s Trading Advisor Agreement with Winton is attached hereto as Exhibit 10.16.
Item 1.02 | Termination of a Material Definitive Agreement |
Effective close of business on March 30, 2007, Registrant is no longer allocating its assets to Bridgewater Associates, Inc. and withdrew as a member of WMT III Series H/J Trading Vehicle, LLC. As discussed above in Item 1.01, Registrant intends to allocate all of its assets to Winton’s Diversified Program through an investment in WCM Pool.
Item 8.01 | Other Events |
Attached hereto as Exhibit 99.1 is the letter to investors dated March 30, 2007 informing them of the items set forth above.
Item 9.01 | Financial Statements and Exhibits |
Exhibit No. | Description | |
10.14 | WCM Pool LLC Organization Agreement dated November 20, 2006 | |
10.15 | Amendment No.1 to WCM Pool LLC Organization Agreement dated March 30, 2007 | |
10.16 | Advisory Agreement dated November 20, 2006 by and among WCM Pool LLC, Preferred Investment Solutions Corp. and Winton Capital Management Limited | |
92.3 | Letter dated March 30, 2007 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following person on behalf of the Registrant in the capacity indicated on April 2, 2007.
FUTURES STRATEGIC TRUST | ||||
(Registrant) | ||||
By: | Preferred Investment Solutions Corp., | |||
its Managing Owner | ||||
Date: April 2, 2007 | By: | /s/ Lawrence S. Block | ||
Name: | Lawrence S. Block | |||
Title: | Senior Vice President and | |||
General Counsel |