UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 1, 2019
CERES TACTICAL SYSTEMATIC L.P.
(Exact name of registrant as specified in its charter)
(Exact name of registrant as specified in its charter)
New York (State or other jurisdiction of incorporation) | 000-50718 (Commission File Number) | 13-4224248 (IRS Employer Identification No.) |
c/o Ceres Managed Futures LLC
522 Fifth Avenue
New York, New York 10036
(Address and Zip Code of principal executive offices)
(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):
☐ | 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)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
N/A | N/A | N/A |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 Entry into a Material Definitive Agreement
Management Agreement – Aquantum GmbH
Ceres Managed Futures LLC, the general partner of the Registrant (the “General Partner”), and the Registrant have entered into a management agreement dated as of June 1, 2019 (the “Management Agreement”) with Aquantum GmbH (“Aquantum”), a German limited liability company, pursuant to which Aquantum shall manage the portion of the Registrant’s assets allocated to it.
The General Partner has initially selected Aquantum’s Aquantum Commodity Spread (ACS) Program to manage the Registrant’s assets allocated to Aquantum. This trading may be conducted either directly or indirectly through an investment in CMF Aquantum Master Fund LLC (the “Master Fund”) for which the General Partner is the trading manager and Aquantum is the advisor.
Pursuant to the Management Agreement, the Registrant pays Aquantum a monthly management fee equal to 1/12 of 1.25% (1.25% per year) of the month-end net assets (as defined in the Management Agreement) allocated to Aquantum. Aquantum receives a semi-annual incentive fee equal to 20% of new trading profits (as defined in the Management Agreement) earned by Aquantum in each semi-annual period.
The Management Agreement expires on December 31, 2019. If it is not terminated as of that date, it shall automatically renew for an additional one-year period and shall continue to renew for additional one-year periods until it is otherwise terminated pursuant to the terms of the Management Agreement.
A copy of the Management Agreement is filed herewith as Exhibit 10.1.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
The following exhibits are filed herewith.
Exhibit No. | Description |
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.
CERES TACTICAL SYSTEMATIC L.P. | ||
By: Ceres Managed Futures LLC, General Partner | ||
By: | /s/ Patrick T. Egan | |
Patrick T. Egan | ||
President and Director |
Date June 5, 2019