Filed Pursuant to Rule 424(b)(3)
Registration No. 333-162132
SUPERFUND GREEN, L.P. – SERIES A AND SERIES B SUPPLEMENT
DATED JULY 16, 2012 TO PROSPECTUS DATED MAY 8, 2012
JUNE 2012 PERFORMANCE UPDATE
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| JUNE 2012 |
| Year to Date |
| Total NAV |
| NAV per Unit |
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Series A |
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| -9.42 | % |
| -3.28 | % | $ | 25,411,133 |
| $ | 1,263.20 |
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Series B |
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| -14.26 | % |
| -4.08 | % | $ | 26,616,278 |
| $ | 1,334.65 |
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* All performance is reported net of fees and expenses
Fund results for June 2012:
The Fund’s trading strategies yielded disappointing results in June as market sensitivity to European debt crisis news led to choppy market conditions. Investor focus remained on troubled European economies, with eyes turned to faltering Spain. Moody’s downgrade of Spanish sovereign debt was followed by rating reductions for numerous Spanish lenders. Depressed European indices reacted positively to EU summit agreements to reduce funding costs for Spain and Italy. U.S. stocks rallied in anticipation of QE3 but were disappointed as the U.S. Federal Reserve (the “Fed”) offered only an extension of the Operation Twist program. Commodity demand remains weak as supplies build in base metals and energies. U.S. crude inventories are at their highest since 1990 as growth in consumption is met with greater gains in production. The Fund’s short-term trading strategies also underperformed.
The Fund’s allocation to equities underperformed in June due to volatile and directionless trading as European economic conditions weighed on global markets. Uncertainty over Greek elections eased as pro-EU moderates prevailed while business confidence in Germany hit a two-year low. European equities rose at the end of the month, as EU summit leaders eased repayment terms for Spanish banks. In the U.S., the Dow rose 3.4% but gains were tempered by poor unemployment and weak consumer confidence. China reacted to slowing growth by cutting its key interest rate. The Australian SPI fell 0.4% despite surprise gains in GDP and employment, while the Japanese Nikkei climbed 5.6% on expectations for further stimulus.
The Fund’s bond portfolio experienced losses in June as the recent rally stagnated due to a lack of substantial central bank stimulus. Investors hoping for new asset purchases from the Fed were disappointed as they chose only to expand their Operation Twist program by $267 billion. Europe’s bond rally also retreated as area-wide interest rates climbed in response to the increasingly insolvent Spanish banking
sector. While bond rallies in the U.S. and Europe cooled, Japanese 10-year bond futures continued higher with yields reaching 0.79%, the lowest since 2003.
The Fund’s allocation to currencies produced negative results in June as the U.S. dollar declined versus major currencies. The euro (+2.4%) finished in positive territory while remaining under pressure due to the unresolved debt crisis. Spanish bank insolvency and unsustainable sovereign debt had sent the euro to 23-month low before regaining ground. The Swiss franc (+2.5%) gained against the dollar while holding steady against the euro. The British pound (+1.7%) rose versus the dollar after last month’s sharp decline while also gaining favor versus the euro.
The Fund’s grain allocations generated moderate losses in June as hot and dry conditions in the U.S. threatened to damage the largest projected corn crop since 1937. December corn surged 21.6% as the market digested rapidly deteriorating crop conditions. Soybeans (+12.4%) trailed corn higher, tempered by hopes that the later developing crop still has time to recover.
The Fund’s positions in the metals sector generated moderately negative results in June as gains in short base metal positions were offset by losses in range-bound Comex gold (-0.4%). Demand for base metals has suffered as Chinese growth has slowed and the broader world economy has failed to show significant signs of recovery. After spending nearly the entire month in negative territory, however, base metals took part in a global rally spurred by European leaders’ agreement on short-term measures to assist Spanish banks.
The Fund’s allocation to the energy sector produced gains in June as weak demand and ample supplies pushed prices lower. Global economic weakness continues to be the key driver of prices near-term as slowing global growth has hurt overall energy demand. Crude oil touched an eight-month low of $77.28/bbl with supplies reaching 22-year highs. Gasoline (-3.5%) fell as U.S. supplies rose more than expected and demand remains soft. Heating oil (-0.4%) also suffered from a rise in inventories and warm temperatures.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS
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Selling Agent
Effective June 1, 2012, Superfund USA, LLC was appointed the exclusive selling agent of the Fund to consult with and advise the Fund, and, on its best efforts basis, to assist the Fund with the solicitations of subscriptions for the Units in connection with the Fund’s offering of the Units. Prior to the appointment, Superfund USA, Inc. (now known as Superfund USA Holdings, Inc.), served as the exclusive selling agent of the
Fund. Superfund USA, LLC is a wholly owned subsidiary of Superfund USA Holdings, Inc. Superfund USA, LLC is located at 850 West Jackson Boulevard, Suite 600, Chicago, Illinois 60607.
Introducing Broker
Effective June 1, 2012, Superfund Asset Management, LLC began serving as an introducing broker for the Fund. Superfund Asset Management, LLC replaces Superfund Asset Management, Inc., which served as introducing broker for the Fund from its inception. Superfund Asset Management, LLC is a wholly owned subsidiary of Superfund USA Holdings, Inc.
Sale of MF Global Claims
On October 31, 2011, MF Global, Inc. (“MF Global”), one of the Fund’s clearing brokers at the time, reported to the Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) possible deficiencies in customer segregated accounts held at the firm. As a result, the SEC and CFTC determined that a liquidation led by the Securities Investor Protection Corporation (“SIPC”) would be the safest and most prudent course of action to protect customer accounts and assets, and SIPC initiated the liquidation of MF Global under the Securities Investor Protection Act.
The Fund held assets on deposit in accounts at MF Global as of October 31, 2011, the date that the liquidation proceedings commenced. After consideration of the Fund’s exposure to MF Global, and based upon available information, the General Partner caused the Fund to take a reserve, and thereby reduced the Fund’s net asset value, equal to 22% of the value of the Fund’s assets frozen at MF Global, or approximately $867,000.
Since the Fund’s initial 22% reserve was taken, an active market has developed for MF Global claims similar to the Fund’s. As a result, the General Partner recently received bids from third parties for the purchase of the Fund’s MF Global claims. Following this process, the General Partner determined it was in the best interests of the Fund to sell its MF Global claims, and the Fund closed on the sale in the amount of $2,676,797 on June 11, 2012. Although the sale did not formally close until June 11, 2012, following discussions with the Fund’s auditors the General Partner determined that generally accepted accounting principles required the sale to be recognized in May 2012. Because the sale price did not match the amount of the Fund’s assets on deposit at MF Global as reduced by the 22% reserve, each Series recognized a small change in value as of May 31, 2012 as a result of the sale. Due to the manner in which each Series’ assets were held at MF Global, the sale price for Series A’s claim was slightly more than the amount of Series A’s assets on deposit at MF Global (as reduced by the amount the reserve taken, as described above), while the sales price for Series B’s claim was slightly less than the amount of Series B’s assets on deposit at MF Global (as reduced by the
amount of the reserve taken, as described above). As a result, the net asset value of the Series A Units increased by approximately 0.13% (or approximately $1.82 per Unit) and the net asset value of the Series B Units was reduced by approximately 0.12% (or approximately $1.92 per Unit). Following this sale, the Fund no longer has any exposure to MF Global.
SUPERFUND GREEN, L.P. – SERIES A
JUNE 2012 ACCOUNT STATEMENT
(Prepared from Books without Audit for the Month ended June 30, 2012)
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STATEMENT OF INCOME |
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| JUNE 2012 |
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Investment income, interest |
| $ | 450 |
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Expenses |
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Management fee |
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| 39,405 |
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Ongoing offering expenses |
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| 21,300 |
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Operating expenses |
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| 3,195 |
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Selling Commissions |
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| 85,201 |
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Other expenses |
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| 908 |
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Incentive fee |
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| — |
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Brokerage commissions |
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| 68,466 |
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Total expenses |
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| 218,474 |
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Net investment gain (loss) |
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| (218,024 | ) |
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Realized and unrealized gain (loss) on investments |
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Net realized gain (loss) on futures and forward contracts |
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| (554,646 | ) |
Net change in unrealized appreciation (depreciation) on futures and forward contracts |
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| (1,869,800 | ) |
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Net gain(loss) on investments |
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| (2,424,446 |
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Net increase (decrease) in net assets from operations |
| $ | (2,642,470 | ) |
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STATEMENT OF CHANGES IN NET ASSET VALUE |
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| JUNE 2012 |
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Net assets, beginning of period |
| $ | 28,998,711 |
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Net increase (decrease) in net assets from operations |
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| (2,642,470 | ) |
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Capital share transactions |
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Issuance of shares |
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| 48,392 |
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Redemption of shares |
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| (993,499 | ) |
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Net increase(decrease) in net assets from capital share transactions |
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| (945,107 | ) |
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Net increase(decrease) in net assets |
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| (3,587,577 | ) |
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Net assets, end of period |
| $ | 25,411,134 |
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NAV Per Unit, end of period |
| $ | 1,263.62 |
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SUPERFUND GREEN, L.P. – SERIES B
JUNE 2012 ACCOUNT STATEMENT
(Prepared from Books without Audit for the Month ended June 30, 2012)
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STATEMENT OF INCOME |
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| JUNE 2012 |
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Investment income, interest |
| $ | 439 |
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Expenses |
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Management fee |
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| 41,274 |
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Ongoing offering expenses |
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| 22,310 |
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Operating expenses |
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| 3,347 |
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Selling Commissions |
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| 89,242 |
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Other expenses |
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| 735 |
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Incentive fee |
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| — |
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Brokerage commissions |
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| 108,570 |
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Total expenses |
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| 265,478 |
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Net investment gain(loss) |
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| (265,040 | ) |
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Realized and unrealized gain(loss) on investments |
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Net realized gain(loss) on futures and forward contracts |
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| (1,078,498 | ) |
Net change in unrealized appreciation (depreciation) on futures and forward contracts |
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| (3,081,392 | ) |
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Net gain(loss) on investments |
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| (4,159,889 | ) |
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Net increase (decrease) in net assets from operations |
| $ | (4,424,929 | ) |
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STATEMENT OF CHANGE IN NET ASSET VALUE |
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| JUNE 2012 |
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Net assets, beginning of period |
| $ | 32,027,553 |
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Net increase (decrease) in net assets from operations |
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| (4,424,929 | ) |
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Capital share transactions |
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Issuance of shares |
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| 53,713 |
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Redemption of shares |
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| (1,040,059 | ) |
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Net increase (decrease) in net assets from capital share transactions |
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| (986,346 | ) |
Net increase(decrease) in net assets |
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| (5,411,275 | ) |
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Net assets, end of period |
| $ | 26,616,278 |
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NAV Per Unit, end of period |
| $ | 1,334.65 |
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TO THE BEST OF MY KNOWLEDGE AND BELIEF, THE INFORMATION CONTAINED HEREIN IS ACCURATE AND COMPLETE.
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| /s/ Nigel James |
| Nigel James, President |
| Superfund Capital Management, Inc. |
| General Partner |
| Superfund Green, L.P. |
