GLOBAL DIVERSIFIED FUTURES FUND L.P. - FORM 8-K - September 20, 2016

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EX-10.3 - AMENDMENT TO THE MANAGEMENT AGREEMENT - GLOBAL DIVERSIFIED FUTURES FUND L.P.g18173848c.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

Date of Report (Date of earliest event reported): September 15, 2016

     GLOBAL DIVERSIFIED FUTURES FUND L.P.    
 (Exact name of registrant as specified in its charter)




New York
000-30455
13-4015586
(State or other
(Commission File
(IRS Employer
jurisdiction of
Number)
Identification No.)
incorporation)
    



c/o Ceres Managed Futures LLC
522 Fifth Avenue
New York, New York 10036
 (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))
 
 
 

 
Item 1.01          Entry into a Material Definitive Agreement
Effective September 15, 2016, Ceres Managed Futures LLC (the “General Partner”), the general partner of Global Diversified Futures Fund L.P. (the “Registrant”), and the Registrant have entered into an amendment (the “Amendment”) to the management agreement, dated as of August 11, 2016 (the “Management Agreement”), with PGR Capital LLP, a United Kingdom limited liability partnership (“PGR”), pursuant to which PGR shall manage the portion of the Registrant’s assets allocated to it.
Pursuant to the Amendment, the Registrant will pay PGR an annual incentive fee equal to 20% of new trading profits (as defined in the Management Agreement) earned by PGR, as opposed to a quarterly incentive fee as was noted in the Management Agreement. In all other material respects the Management Agreement remains unchanged and of full force and effect.
The Amendment is filed herewith as Exhibit 10.3.

Item 9.01          Financial Statements and Exhibits
(d)          Exhibits.
The following exhibit is filed herewith.
Exhibit No.
 
Description
 
10.3
 
Amendment to the Management Agreement dated September 15, 2016, by and among the Registrant, the General Partner and PGR.
 

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.

 
GLOBAL DIVERSIFIED FUTURES FUND L.P.
   
 
By: Ceres Managed Futures LLC, General Partner
   
   
   
 
By
/s/ Patrick T. Egan                                             
   
Patrick T. Egan
   
President and Director
   


Date:  September 20, 2016

GLOBAL DIVERSIFIED FUTURES FUND L.P. Reports