Merchant Commodity Fund

Commodity-focused global macro fund which employs a discretionary, fundamental approach combining bottom-up analysis and macro inputs.

Detailed supply and demand analysis utilizing extensive real-time insight into the physical commodity markets.

Not long-biased. The strategy can and does run net short when conditions dictate.

Relative value trades are based on real physical linkages between commodities.

Position limits established per commodity, contract, and instrument to ensure a highly liquid portfolio.