THIS IS A PRELIMINARY LIST, SUBJECT TO UPDATE As described elsewhere, this list is based on managers in the database as of the end-of-the-year. We believe that this is a representative selection of program that are open and marketed to qualified investors. This list may contain managers that have changed names or that ceased to operate throughout 2019.
| Manager | Program |
| 1512 SG Capital Management AG | St.Gallen I Counter-Trend |
| 2Pixels Capital Management | Index Option Program |
| 361 Capital | 361 Global Managed Futures Strategy Fund |
| Adalpha Asset Management | Diversified Short-Term |
| ADG Capital Management | ADG Systematic Macro |
| Aenaon Markets | Aenaon Syncro 1x |
| Aetolian Advisors / Newton Capital Partners LP | Newton Capital Partners LP |
| AG Capital Investments | Discretionary Global Macro |
| AIS Capital Management | MAAP 2-4X |
| AIS Capital Management | MAAP 3-6X |
| Alder Capital | Alder Global 20 |
| Alder Capital | CALM Eurozone Equity |
| Aleph Strategies | Aleph Options |
| Alpha Centauri Capital Management | Tactical Opportunities |
| Alpha Z Advisors | Alpha Z Futures |
| Alternative Capital Advisors | Strategic Ag Program |
| Altis Partners Jersey Limited | Global Futures Portfolio |
| Altis Partners Jersey Limited | PureTrend Portfolio |
| Amapa Capital Advisors | Amapa Investment Program |
| Anderson Creek Trading | Standard Diversified Strategy |
| Ansbacher Investment Management | Elizaville Partners |
| AP Futures | Volatility Trading Program |
| Aquantum | ACS Energies |
| Aquantum | Commodity Spread |
| Arctic Blue Capital | Arctic Blue 2X Program |
| Aspect Capital Limited | Diversified Program |
| Aspen Trading Group | Aspen Trading FX / S&P 500 Alpha |
| ATP Capital Management | Granularity Alpha |
| Auspice Capital Advisors | Auspice Diversified |
| Auspice Capital Advisors | Managed Futures Index |
| Auspice Capital Advisors | Tactical Futures |
| Automaton Trading | Diversified Program I |
| Aventis Asset Management | Diversified Commodity Strategy |
| Bensboro Advisors | Seasonal Futures Fund |
| BlackBird Asset Management | BlackBird Alpha Spread 2.5X |
| BlackBird Asset Management | Commodity Spread |
| Blackheath Fund Management | AI Global Macro Strategy |
| Blackheath Fund Management | Tactical FI Strategy |
| Blue Bar Futures Trading Management | Prime Ag Program |
| Blue Bar Futures Trading Management | U.S. Commodity Diversified |
| Blue Diamond Asset Management | Blue Diamond Non-Directional Strategy |
| Bocken Trading | Discretionary Trading Program |
| Breakout Funds | Breakout Strategy |
| Brisslen Capital Management | Brisslen Energy Strategy |
| Buckingham Global Advisors | Metis Tactical ES |
| Buckingham Global Advisors | Small E Mini (SEP) |
| Buckingham Global Advisors | Weekly E-mini |
| Bulkara Capital Limited | Bulkara Systematic Fund |
| Caerus Group | Oil Futures Trading Program |
| Campbell & Company | Managed Futures |
| Candriam Investors Group | Alternative Return Systemat |
| Cantab Capital Partners | CCP Core Macro |
| Cantab Capital Partners | CCP Quant Fund |
| Capital Fund Management | Discus 1x |
| Capital Fund Management | Discus 2x |
| Capital Fund Management | IS Trends Fund |
| Capricorn Currency Management | fxST MAP |
| Carbide Capital | Absolute Return |
| Carbide Capital | Hedge Program |
| Cauldron Investments | Systematic |
| Century Analytics | CenturyOne |
| Certeza Asset Management | Macro Vega |
| Chelton Wealth | Chelton Wealth Alternativ |
| Chelton Wealth | Currency Al |
| Chesapeake Capital Corporation | Diversified Plus (HV) |
| Chesapeake Capital Corporation | Diversified Program (LV) |
| Chesapeake Capital Corporation | Diversified Program Plus |
| Claughton Capital | ARP Institutional Program |
| Coloma Capital Futures | Coloma Capital Futures |
| Coloma Capital Futures | Hedged Volatility |
| Conservative Concept AG | Athena UI Fund |
| CONTRENDIAN | CONTRENDIAN Master F |
| County Cork | Commodity Long and Short Pro |
| County Cork | RLA I Program |
| Crabel Capital Mgmt | Crabel Multi-Product |
| Crabel Capital Mgmt | Crabel Multi-Product 1.5X AA |
| Crabel Capital Mgmt | Crabel WPD Futures |
| Crescent Bay Capital Management | Conservative Growth Index Program |
| Crescent Bay Capital Management | Premium Stock Index Program |
| Crescit Asset Management | Crescit Protect |
| Crystal Tower Advisors | Crystal Tower Futures |
| Danske Bank Asset Management | Danske Invest Global Cross Asset Volatility |
| Danske Bank Asset Management | Danske Invest Global Macro Hedge Fund |
| Davis Commodities | Agricultural Program |
| Deep Field Capital | Intraday Crisis Alpha |
| Deep Field Capital | Singularity Liquid Equity Alpha (LEA) |
| Deep Field Capital | Systematic Volatility Arbitrage |
| DeltaHedge R&O | DH Nix Alpha |
| DeltaHedge R&O | DH Styx |
| Demeter Capital Management | Livestock & Grain Trading Program |
| Diamond Capital Management | Enhanced S&P Program |
| Ditsch Trading | Agricultural Trading Program |
| Dixon Midland Company | Dixon Midland Diversified |
| dormouse Limited | Dormouse Futures Program |
| Double Helix Capital Management | Double Helix |
| Dreiss Research Corp | Global Diversified Program |
| Drury Capital | Diversified Trend-Following Program |
| Dunn Capital Management | World Monetary |
| Dunn Capital Management | World Monetary Institutional |
| Dynamica Global Investments | Dynamica Energy Trading |
| e360 Power | e360 Power Strategy |
| ecamos Capital AG | ecamos Core Strategy 1X |
| ecamos Capital AG | ecamos Core Strategy 2X |
| ecamos Capital AG | ecamos Volatility Strategy 2X |
| Eckhardt Trading Company | Evolution Strategy |
| Eckhardt Trading Company | Evolution Strategy 1.2X |
| Eclipse Capital Management | Alpha Asia |
| Eclipse Capital Management | Global Long/Short Momentum Program |
| Eclipse Capital Management | Global Monetary Program |
| EMC Capital Advisors | Alpha Plus Program |
| EMC Capital Advisors | Alpha Program |
| EMC Capital Advisors | EMC Balance Program |
| EMC Capital Advisors | EMC Classic Program |
| Emil Van Essen | Long-Short Commodity Program |
| Emil van Essen | Long-Short Commodity Program – Accelerated |
| Emil Van Essen | Multi-Strategy Program |
| Emil Van Essen | Spread Trading Program |
| Emil Van Essen | Spread Trading Program Limited |
| Endeavour Capital | Pembroke Master Fund Ltd |
| Episteme Capital Partners | Systematic Quest |
| Essex Capital Management | S&P Option Selling Strategy |
| Estlander & Partners | Alpha Trend |
| Estlander & Partners | Freedom |
| Esulep Management | Index Opportunity Program |
| Evergreen Commodity Advisors | Discretionary Energy Strategy |
| First Quadrant LP | Tactical Currency Allocation L/S 2% |
| Florin Court Capital | Florin Court BMS SHARE CLASS |
| Fort LP | Global Contrarian |
| Fort LP | Global Diversified |
| Fort LP | Global Futures |
| Fort LP | Global Trend |
| Fort Point Capital Partners | Tactical Alpha |
| Four Seasons Commodities | Hawkeye Spread Program |
| FTC Capital | FTC Futures Fund Classic |
| Future Trade AG | Thales Swing Trading Programme |
| GAIA Capital Management | Currency Trading Program |
| GAIA Capital Management | FX Trading Program |
| GAIA Capital Management | GAIA FX+ |
| Gamma Q | Breckhurst Commodity 2x |
| GCI Asset Management | GCI Systematic Macro Strategy |
| Geosol Capital | Onshore I |
| Glendorn Capital Management | MultiWeek Trading Strategy |
| Global Bayesian Dynamics | Bond FX |
| Global Bayesian Dynamics | Multi Strategy |
| Global Bayesian Dynamics | SBF – Prop |
| Global Sigma Group | AGSF |
| Global Sigma Group | Equity Advantage II |
| Global Sigma Group | Global Sigma BondVOL |
| Global Sigma Group | Plus Program |
| Goldman Management | Navigator Fund |
| Graham Capital Mgmt LP | Discretionary |
| Graham Capital Mgmt LP | Discretionary Enhanced Vol |
| Graham Capital Mgmt LP | Graham Quant Macro Strategy |
| Graham Capital Mgmt LP | K4D-10V |
| Graham Capital Mgmt LP | K4D-15V (Composite) |
| Graham Capital Mgmt LP | Proprietary Matrix |
| Graham Capital Mgmt LP | Tactical Trend |
| Greenwave Capital Management | Flagship Plus |
| Greenwave Capital Management | Flagship Plus (lag) |
| Greenwave Capital Management | Flagship Plus 2X |
| Gregory P Asset Management | Alternative Multi Strategy |
| Gregory P Asset Management | Low Volatility Income Strategy |
| Gregory P Asset Management | Seasonal Spread & Option Strategy |
| GT Capital CTA | Dynamic Trading |
| GT Capital CTA | Dynamic Trading (Client) |
| GT Capital CTA | Systematic Day Trading |
| Hamer Trading | Systematic Diversified Program |
| Helford Capital Partners | Helford Global 1 – Proprietary |
| HiProb Capital Management | III |
| HPX Financial | Old School Program |
| IDS Capital | F&F Systematic Trading |
| Incline Investment Management | Crystal Bay Ubitrend |
| Incline Investment Management | Systematic Hyb |
| Independent VIew BV | IV Quantitative Futures Fund |
| INSCH Capital Management SA | Kintore |
| IPM Informed Portfolio Management | IPM Systematic Currency |
| IPM Informed Portfolio Management | IPM Systematic Macro |
| ISAM | ISAM Systematic Trend 1x |
| J E Moody | Commodity Relative Value |
| J E Moody | Commodity Relative Value 3X |
| Jaguar Investments | Aegir Capital Strategy |
| John Locke Investments | Cyril Systematic Strategy |
| Kaiser Trading Group | Kaiser Trading Group Pty. Ltd. |
| Kazmarck Capital | Opportunities Program |
| Kessler Investment Advisors | Cornerstone |
| KeyQuant SAS | Key Trends 15 Composite |
| KeyQuant SAS | Key Trends Program |
| Kinkopf Capital Management | S&P Select Program |
| Linnis | Linnis ONE LP |
| Lyncestis | FX Basket |
| Lyncestis | FX Index Arbitrage |
| Lyncestis | FX Quant 11 |
| Lyncestis | Volatility Trading Program |
| Lynx Asset Management | Lynx |
| Lynx Asset Management | Lynx 1.5x |
| Lyons Trading Group | Algorithmic Trading Strategy |
| Lyons Trading Group | Algorithmic Trading Strategy II |
| M&R Capital | Livestock Trading Program |
| Macrocapital Limited | Macrocapital Adaptive Volatility Strategy |
| Macrotheme Capital Management | Macrotheme Opportunity |
| MaCX Asset AG | MaCX Evolution Program |
| Man AHL | AHL Alpha |
| Man AHL | AHL Dimension |
| Man AHL | AHL Diversified |
| Man AHL | AHL Diversified Guernsey |
| Man AHL | AHL Diversified Markets EU |
| Man AHL | AHL Evolution |
| Martin Fund Management | Martin Fund |
| McMillan Asset Management | Volatility Capture Program |
| Meliora Capital | Commodity Absolute Return 1X |
| Meliora Capital | Commodity Absolute Return 3x |
| Melissinos Trading | Eupatrid Commodity |
| Mercantile Analytics and Trading | Global Diversified Commodity |
| Mesirow Financial Investment Management | Asian Markets Alpha Program |
| Mesirow Financial Investment Management | Asian Mkts Currency Alpha |
| Mesirow Financial Investment Management | Emerging Mkts Currency Alpha |
| Mesirow Financial Investment Management | Extended Markets Alpha Program |
| Mesirow Financial Investment Management | Global Emerging Markets Alpha Programme |
| Metolius Capital | Diversified Master Fund |
| Metolius Capital | Enhanced Fund 2.5X |
| Metori Capital Management | Epsilon Managed Futures (Lyxor) |
| Michael J Frischmeyer | Managed Account Prog |
| Millburn Ridegfield Corporation | Commodity Program |
| Millburn Ridegfield Corporation | Diversified Program |
| Mistell Management LP | Mistell Macro Directional |
| ML Systems | Seldon Classic Strategy |
| Mobius Asset Mgt | Ceed Trading Program |
| Mobius Asset Mgt | MCR Trading Program |
| Molinero Capital Management | Global Markets Program |
| Mondiale Asset Management | Leveraged Trading Proram |
| Morris Capital Australia Pty | Morris Al |
| Morris Capital Australia Pty | ST Futu |
| MS Capital Management Limited | Global Diversified |
| Mulvaney Capital Management | Global Diversified Program |
| Nessica Group | Nessica FX |
| NickJen Capital Management & Consultants | Natural Resource Discretionary Program – NDR1 |
| Northern Capital Partners | Spread Program |
| Numeri Capital Management | NUMERI Intraday |
| NuWave Investment Management | Combined Futures Portfolio |
| NuWave Investment Management | Commodity Value Portfolio |
| NuWave Investment Management | Matrix Portfolio |
| NuWave Investment Management | Short-Term Futures Portfolio |
| NuWave Investment Management | Stock Index Futures Portfolio |
| O’Brien Investment Group | Discretionary Global Macro |
| O’Brien Investment Group | Quantitative Global Macro Futures |
| Opus Futures | Advanced Ag Trading Program |
| Orbits Venture | Risk Sigma Program 2 |
| Ortus Capital Management Limited | Currency – Aggressive |
| P/E Investments | FX Strategy – Aggressive |
| P/E Investments | FX Strategy – Conservative |
| P/E Investments | FX Strategy – Standard |
| PAK Capital | Currency Program |
| Pan Capital Management LP | Energy Fund |
| Panima Capital Management | Diversified Futures |
| Parizek Capital | Futures Trading Program |
| Paskewitz Asset Management | Contrarian S&P Program |
| Paskewitz Asset Management | Global Contrarian Stock Index |
| Paskewitz Asset Management | Multi-Strategy Futures |
| Pearl Capital Advisors | Hedged VIX |
| PGR Capital | Systematic Strategies (Mayfair) |
| PIMCO | Commodity Alpha Fund |
| Pinstripe Trading | Standard Trading Program |
| Plotinus Asset Management | Plotinus 2p Index Hunter |
| Plus EV Capital | Raise Alpha Prog |
| Polar Star Management | Polar Star Fund |
| Portfolio Concept | PC Global Systematic |
| Praus Capital Management | Quantiative Strategies |
| Premium Capital Advisors AG | Currencies – Majors |
| Prolific Capital Markets | Prolific Swiss System (PSS) |
| Pukula & Company | YOOF Program |
| PvB Pernet von Ballmoos AG | Swiss Equity Futures Fund A |
| QDRA Pty | Dynamic Macro |
| QMS Capital Management LP | Diversified Global Macro |
| QMS Capital Management LP | Financials-Only Global Macro Strat. |
| QQFundcom | Alpha Beta Program |
| QTS Capital Management | Chimera |
| QTS Capital Management | QTS Partners L.P. |
| QTS Capital Management | Tail Reaper |
| QTS Capital Management | VIX Timer |
| Quality Capital Management | Global Diversified |
| Quantica Capital AG | Managed Futures Program |
| Quantica Capital AG | Managed Futures Program 2x |
| Quantitative Investment Management | Global Program |
| QuantScape Asset Management | U.S. Equity Index |
| Quest Partners | AlphaQuest Original |
| Quest Partners | Quest Equity Hedge Program (QEH) |
| Quest Partners | Quest Fixed Income Hedge Program |
| Quest Partners | Quest Tracker Index Program (QTI) |
| R Best | Private Client Plus Program |
| R Best | Private Client Program |
| R Best | Private Client Program 2x |
| R Best | World Select Program |
| Ramsey Quantitative Systems | RQSI GAA Systematic Global Macro Fund |
| Red Oak Commodity Advisors | Fundamental Trading Program |
| Red Rock Capital | Commodity Long-Short |
| Red Rock Capital | Systematic Global Macro |
| ReSolve Asset Management | Acorn Global Investments Diversified |
| ReSolve Asset Management | ReSolve Evolution US Feeder Fund |
| Revolution Capital Management | Global Alpha Program |
| Revolution Capital Management | Mosaic Institutional Program |
| Rhicon Currency Management Pte | Strategic Prog |
| Rivercast Capital | Managed Account Program |
| Robust Methods | Robust Methods LLC |
| ROW Asset Management | Diversified Program |
| RTM Capital Advisors | Core Indices Plus Strategy |
| Salus Alpha Capital | Commodity Arbitrage (CAX) |
| Salus Alpha Capital | Directional Markets (DMX) |
| Salus Alpha Capital | Global Alpha (GAX) |
| Sandpiper Asset Management | Sandpiper Global Macro Program |
| Schindler Capital Management | Dairy Advantage Program |
| Schot Capital Limited | Multi Diversified Program |
| SEB Group | Asset Selection |
| SEB Group | Asset Selection Opportunistic |
| Sector Arc Advisors | Global Lean Hog Ag |
| Seven Capital Management | Seven Absolute Return Fund |
| Sigma Advanced Capital Management | Global Advanced Futures and Spread |
| Silicon Valley Quantitative Advisors | US Quantitative Portfolio (UQP) |
| SinoPac Asset Management Asia | Multi Strat Quant Fund |
| SMN Investment Services | SMN Diversified Futures Fund |
| Soaring Pelican | Diversified S&P |
| Soaring Pelican | S&P Multiday Hybrid Program |
| Solaise Capital Management | Systematic Fund |
| Southwest Managed Investments | Global Diversified |
| SpreadEdge Capital | Agriculture Seasonal Spreads |
| SpreadEdge Capital | Diversified Seasonal Spread |
| Spring Valley Asset Management | Tactical Trend Portfolio |
| Statar Capital | Natural Gas Strategy |
| Sunrise Capital Partners | Equity & Bond Optimized Growth |
| Sunrise Capital Partners | U.S. Equity Optimized Growth |
| Superfund Capital Management | Green Gold 1.5x |
| Superfund Capital Management | Green Gold 1x |
| Superfund Capital Management | Green Gold SICAV |
| Superfund Capital Management | Green Silver SICAV |
| Sysmatic Trading Solutions | Global Hedge Plus (P) |
| t24 Capital | t24 Capital Partners Master Fund |
| Tactical Investment Management Corp | Institutional Commodity |
| Talenta Capital | Multi-Strategy |
| Talenta Capital | Talenta CTA Fund |
| Tanridge Capital | Crowd Behavioral Flow CBF Mo |
| Tanyard Creek Capital | Livestock Program |
| Tarpon Trading | Systematic FX Alpha |
| The Great O’Neill | Great O’Neill |
| Third Street Ag Investments | Fundamental Discretionary Ag Program |
| THOR Analytics | THOR Metals Fund I |
| Tianyou Asset Management | Tianyou Fund |
| Tiber Capital | Tiber Diversified Prog |
| Tlaloc Capital | Grains Program |
| TMA Capital Management | Program C |
| Tom Capital AG | Moderate Model Portfolio |
| Tomas Capital Pty | The GCAF Program |
| Tradelink Capital | Tradelink Flagship |
| Transtrend BV | Enhanced Risk |
| Transtrend BV | Standard Risk |
| Trigon Investment Advisors | Discretionary Macro |
| Trigon Investment Advisors | FX Program |
| TRYCON GCM | Tungsten Trycon Basic |
| Tudor Investment Corp | Tudor Momentum Fund Ltd. |
| Turk Capital | U.S. Equity Long Short Strategy |
| Turk Capital | U.S. Hedge Strategy |
| Typhon Capital Management | Helios Deutsche Program |
| Typhon Capital Management | Leonidas Energy Strategy |
| Typhon Capital Management | Plutus Grain Strategy |
| Typhon Capital Management | Proteus Dynamic Volatility Program |
| Typhon Capital Management | Vulcan Metals Strategy |
| Typhon Capital Management | Zephyrus Livestock |
| United Standard Equities | Serie A |
| United Standard Equities | Serie B |
| Urban Tree Capital | UTC Plus Program |
| Vivienne Investissement | MACH 3 |
| Vivienne Investissement | Mach 5 |
| Vivienne Investissement | Ouessant UCITS A |
| Vortex FX AG | Currency Program |
| Wadhwani Asset Management | Keynes Dynamic Beta Strategy Lev |
| Warrington Asset Management | Strategic |
| Warrington Asset Management | Tactical Program |
| WaveFront Global Asset Management Corp | WFGAM Global Conc. |
| Welton Investment Partners | Global Directional Portfolio |
| Welton Investment Partners | Welton Trend Program |
| WG Wealth Guardian | GVR Program |
| WG Wealth Guardian | QT Program |
| WG Wealth Guardian | SAFI2 Program |
| WG Wealth Guardian | Strategic Volatility Returns Program |
| WG Wealth Guardian | Trend Fix Portfolio |
| Wharton Capital Management | Agricultural Futures |
| White Indian Trading Company | 24 Program |
| White Indian Trading Company | Alternative Hedge |
| White Indian Trading Company | Alternative Hedge Energy |
| White Indian Trading Company | Alternative Hedge Softs Program |
| White Indian Trading Company | Chickasaw |
| White Indian Trading Company | Navajo |
| White Indian Trading Company | SCS Program (Client) |
| White Indian Trading Company | SCS Program Prop |
| White Indian Trading Company | STAIRS Futures |
| White Indian Trading Company | STAIRS Program |
| White Indian Trading Company | White Swan |
| White River Group | Diversified Option Writing |
| White River Group | Dynamic S&P Options Strategy |
| White River Group | Stock Index Option Writing |
| Whitehaven SPC | Whitehaven Correlation Fund SP |
| Wimmer Horizon | Beach Horizon Programme |
| Winton Capital Management | Winton Futures Fund |
| Winton Capital Management | Winton Futures Fund (Lyxor) |
| World Cup Advisor | Andrea Unger East & West |
| World Cup Advisor | Eduardo Ramos Volatility Cycles |
| World Cup Advisor | John Ehlers MESA ES |
| World Cup Advisor | Larry Williams Mini S&P |
| World Cup Advisor | Patrick Slevin Screen Trader |
| World Cup Advisor | Petra Ilona Zacek Eclipse |
