Filed pursuant to Rule 424(b)(3)
Registration No. 333-162132
SUPERFUND GREEN, L.P. – SERIES A AND SERIES B SUPPLEMENT
DATED MARCH 21, 2013 TO PROSPECTUS DATED MAY 8, 2012
FEBRUARY 2013 PERFORMANCE UPDATE
| | FEBRUARY 2013 | | | Year to Date | | | Total NAV 02/28/2013 | | | NAV per Unit 02/28/2013 | |
Series A | | | 1.03 | % | | | 4.62 | % | | $ | 16,507,181 | | | $ | 1,182.75 | |
Series B | | | 1.98 | % | | | 8.09 | % | | $ | 18,464,095 | | | $ | 1,230.76 | |
* All performance is reported net of fees and expenses
Fund results for February 2013:
The Fund produced positive results in February as unmet expectations for global demand sent commodities lower while unsettling election results in Italy and negative growth renewed European debt concerns. Well supplied base metal markets fell after the Chinese government moved to subdue rising property values. Energy futures fell markedly as European manufacturing and GDP data disappointed and the Italian electorate expressed a desire to end austerity measures. The U.S. dollar reached a 6-month high as U.S. Federal Reserve (the “Fed”) minutes signaled a possible variation in the current asset purchase program, boosting interest in safe-haven debt instruments. U.S. equities fared well with the S&P 500 again reaching a 5-year high before the threat of March 1 government-wide automatic spending cuts pressured markets. The Fund’s short-term models produced mixed results with gains in interest rates and losses in the energy sector.
The Fund’s allocation to equity indices yielded losses in February as European political instability and the slow pace of economic activity again raised concerns over regional finances. Economic data was weak across most of Western Europe, suppressing indices in France, Germany, and Spain. In the U.S., the S&P 500 Index finished modestly higher in choppy trade. Markets across Asia fared better, led by Japan which continued to benefit from Bank of Japan (“BOJ”) policy accommodation.
The Fund’s bond positions generated solid returns in February in treasuries as European debt crisis fears were reignited in reaction to inconclusive Italian election results. Global yields fell sharply as it became clear that the four-way election in Italy would result in a hung parliament, threatening 15 months of austerity measures. Worse than expected PMI data and negative euro-zone GDP growth forecasts for 2013 pressured German Bund yields. Demand for U.S. debt was bolstered by inflation data that remained below the 2% target of the Fed.
The Fund’s allocation to the money market sector generated favorable returns in February as rising interbank borrowing costs prompted European Central Bank (“ECB”) President Mario Draghi to restate their readiness to loosen monetary policy, lowering yield expectations. Yields were further pressured as early repayments on the second batch of emergency ECB loans disappointed as banks repaid less than half of the expected amount, thus signaling a slower removal of excess liquidity from the banking system.
The Fund’s currency positions posted disappointing results in February as the U.S. dollar strengthened dramatically against a basket of world currencies. Talks of currency wars floated across news wires as various countries sought to stimulate their economies through currency devaluation. Japan remained the weakest of the major currencies, declining another 1.4% as the BOJ is expected to instill measures designed to achieve their 2% inflation target. Renewed concerns over growth sent the euro to a 3.8% decline, while the British pound fell 4.3% on sluggish growth in the UK.
The Fund’s grain allocations generated mixed results in February as snow hit the U.S. Great Plains, providing much needed moisture to winter wheat just prior to emergence and pushing futures to 8-month lows. May CBOT corn fell 5.2% on improving global supplies as output in South America is expected to reach a record 94 million bushels.
The Fund’s metals positions generated healthy returns in February as economic growth expectations, the possible withdrawal of the Fed monetary stimulus, and slack physical demand drove COMEX gold and silver to 7-month lows. Base metals also declined broadly as Chinese copper production swelled 16% in January and LME stockpiles have doubled since September.
The Fund’s allocation to the energies sector underperformed in February as the uptrend in energy prices retraced and prices eased. After climbing in January on the expectations for improving economic conditions, crude oil fell back as the pace of recovery remained slow. Distillates also fell sharply, pressured by the threat in the U.S. of $1.2 trillion in automatic, government-wide spending cuts.
Other market sectors, relative to those discussed above, did not have a substantial impact on the month’s overall performance.
PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS
SUPERFUND GREEN, L.P. – SERIES A
FEBRUARY 2013 ACCOUNT STATEMENT
(Prepared from Books without Audit for the Month ended February 28, 2013)
STATEMENT OF INCOME
| | FEBRUARY 2013 | |
Investment income, interest | | $ | (252 | ) |
| | | | |
Expenses | | | | |
Management fee | | | 25,598 | |
Ongoing offering expenses | | | 13,837 | |
Operating expenses | | | 2,076 | |
Selling Commissions | | | 55,347 | |
Other expenses | | | 664 | |
Incentive fee | | | | |
Brokerage commissions | | | 27,148 | |
| | | | |
Total expenses | | | 124,669 | |
| | | | |
Net investment gain (loss) | | | (124,922 | ) |
| | | | |
Realized and unrealized gain (loss) on investments | | | | |
Net realized gain (loss) on futures and forward contracts | | | 300,301 | |
Net change in unrealized appreciation (depreciation) on futures and forward contracts | | | (7,432 | ) |
| | | | |
Net gain(loss) on investments | | | 292,868 | |
| | | | |
Net increase (decrease) in net assets from operations | | $ | 167,947 | |
STATEMENT OF CHANGES IN NET ASSET VALUE
| | FEBRUARY 2013 | |
Net assets, beginning of period | | $ | 17,183,465 | |
| | | | |
Net increase (decrease) in net assets from operations | | | 167,947 | |
| | | | |
Capital share transactions | | | | |
Issuance of shares | | | 46,954 | |
Redemption of shares | | | (891,184 | ) |
| | | | |
Net increase(decrease) in net assets from capital share transactions | | | (844,230 | ) |
| | | | |
Net increase(decrease) in net assets | | | (676,283 | ) |
| | | | |
Net assets, end of period | | $ | 16,507,181 | |
NAV Per Unit, end of period | | $ | 1,182.75 | |
SUPERFUND GREEN, L.P. – SERIES B
FEBRUARY 2013 ACCOUNT STATEMENT
(Prepared from Books without Audit for the Month ended February 28, 2013)
STATEMENT OF INCOME
| | FEBRUARY 2013 | |
Investment income,interest | | $ | (431 | ) |
| | | | |
Expenses | | | | |
Management fee | | | 28,633 | |
Ongoing offering expenses | | | 15,477 | |
Operating expenses | | | 2,322 | |
Selling Commissions | | | 61,908 | |
Other expenses | | | 693 | |
Incentive fee | | | — | |
Brokerage commissions | | | 44,547 | |
| | | | |
Total expenses | | | 153,579 | |
| | | | |
Net investment gain(loss) | | | (154,011 | ) |
| | | | |
Realized and unrealized gain(loss) on investments | | | | |
Net realized gain(loss) on futures and forward contracts | | | 637,169 | |
Net change in unrealized appreciation (depreciation) on futures and forward contracts | | | (125,356 | ) |
| | | | |
Net gain(loss) on investments | | | 511,813 | |
| | | | |
Net increase (decrease) in net assets from operations | | $ | 357,802 | |
STATEMENT OF CHANGE IN NET ASSET VALUE
| | FEBRUARY 2013 | |
Net assets, beginning of period | | $ | 18,968,519 | |
| | | | |
Net increase (decrease) in net assets from operations | | | 357,802 | |
| | | | |
Capital share transactions | | | | |
Issuance of shares | | | 39,637 | |
Redemption of shares | | | (901,863 | ) |
| | | | |
Net increase (decrease) in net assets from capital share transactions | | | (862,226 | ) |
Net increase(decrease) in net assets | | | (504,424 | ) |
| | | | |
Net assets, end of period | | $ | 18,464,095 | |
NAV Per Unit, end of period | | $ | 1,230.76 | |
TO THE BEST OF MY KNOWLEDGE AND BELIEF, THE INFORMATION CONTAINED HEREIN IS ACCURATE AND COMPLETE.
| /s/ Nigel James |
| Nigel James, President |
| Superfund Capital Management, Inc. |
| General Partner |
| Superfund Green, L.P. |