Attached files
| file | filename |
|---|---|
| EX-99.1 - NOTICE TO UNITHOLDERS - World Monitor Trust III - Series J | ex99-1.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
December 1, 2013
Date of Report (Date of Earliest Event Reported)
WORLD MONITOR TRUST III – SERIES J
(Exact name of Registrant as Specified in its Charter)
| Delaware | 000-51651 | 20-2446281 |
| (State
or other Jurisdiction of Incorporation or Organization) |
(Commission File Number) | (I.R.S. Employer Identification No.) |
900 King Street, Suite 100, Rye Brook, New York 10573
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (914) 307-7000
(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:
| □ | 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)) |
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
The Registrant does not have a board of directors. The Registrant is managed by the managing owner, Kenmar Preferred Investments, L.P. (the “Managing Owner”).
Effective August 26, 2013, Lisa Roitman resigned her position as Senior Vice President and General Counsel of the Managing Owner.
Effective October 23, 2013, Nicolas Gilbert resigned his position as Chief Compliance Officer of the Managing Owner.
Effective November 11, 2013, Joseph C. Iraci resigned his position as Associate Counsel of the Managing Owner.
Effective October 23, 2013, David K. Spohr was appointed Chief Compliance Officer of the Managing Owner.
David K. Spohr has been Chief Compliance Officer of the Managing Owner since October 2013, Senior Vice President and Director of Fund Administration of the Managing Owner since November 2006, Vice President and Director of Fund Administration of the Managing Owner from March 2005 to October 2006, and has been listed as a principal of the Managing Owner since May 7, 2007 and registered as an associated person of the Managing Owner since December 21, 2010. He has been Chief Compliance Officer of KGIM LP since October 2013. He has been Senior Vice President and Director of Fund Administration of KGIM LLC, an investment management firm, since November 2006, Vice President and Director of Fund Administration of KGIM LLC from March 2005 through October 2006, and has been listed as a principal since May 7, 2007. He has been Chief Compliance Officer of CLariTy since October 2013, Senior Vice President and Director of Fund Administration of CLariTy since its inception in May 2009, and has been listed as a principal since June 9, 2009. He is responsible for the development and execution of the administration group support responsibilities.
From June 2002 to March 2005, Mr. Spohr was a Vice President at Safra Group, a firm engaged in banking, brokerage and asset management activities, where he was responsible for the Alternative Investment accounting and operations, valuation oversight and tax reporting.
Mr. Spohr received a B.S. in Business Economics from The State University of New York College at Oneonta in 1985 and designation as a Chartered Financial Analyst in 1998.
| 2 |
Item 8.01 Other Events
On December 5, 2013, World Monitor Trust III – Series J (the “Registrant”) distributed a notice to its Unitholders, explaining that, as of December 1, 2013 (the “Effective Date”), the Registrant has made certain changes to the Registrant’s underlying managers. The Registrant has allocated its assets among five commodity trading advisors (each, an “Advisor” and collectively, the “Advisors”), as shown below.
As of the Effective Date, the Registrant allocates its net assets as follows:
| CTA Funds | Advisor |
Trading Program |
Percentage of the Trust’s Net Assets |
|
CTA Choice EGLG:
|
Eagle Trading Systems Inc. | Eagle Global Program | 20% |
|
CTA Choice ELL:
|
Ellington Management Group, L.L.C.
|
Ellington Global Macro Program
|
20% |
|
CTA Choice GLAGS:
|
Global Ag, LLC | Discretionary Trading Program | 20% |
|
CTA Choice RDOK:
|
Red Oak Commodity Advisors, Inc. | Red Oak Fundamental Trading Program | 20% |
| CTA Choice SAXN: | Saxon Investment Corporation | Saxon Aggressive Diversified Program | 20% |
A copy of the notice is being furnished as Exhibit 99.1 to this report.
Item 9.01 Financial Statements and Exhibits.
| Exhibit No. | Description | |
| 99.1 | Notice to Unitholders dated December 4, 2013 |
| 3 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant in the capacities indicated on December 5, 2013.
| WORLD MONITOR TRUST III – SERIES J | |||
| By: | Kenmar Preferred Investments, L.P. | ||
| its Managing Owner | |||
| Date: December 5, 2013 | |||
| By: | /s/ David K. Spohr | ||
| Name: | David K. Spohr | ||
| Title: | Senior Vice President and Director of Fund Administration & Chief Compliance Officer | ||
4