Summary

The CROSS MARKET BIAS Program employs a discretionary overlay to a systematic framework for execution in exchange listed futures across all asset classes. The robustness of the model stems from its diversification across asset classes and its unique ability to recognize market regimes. The program has a below-average volatility profile as it seeks to maximize return per unit of risk. Performance Note: In January 2017, the Cross Market Bias Program instituted a management fee of 0.25% and changed the incentive fee to 25%. All prior returns have been pro-forma adjusted to account for this change.