At First Quadrant, we recently opened a Fund for our Global Diversified Macro (GDM) strategy. We are offering early stage investors a sharply discounted seed fee until the fund reaches $200mm. We have begun taking subscriptions and expect to move to full fee shortly. GDM has a very different perspective in its investment process that is expected to provide very differentiated returns. During the first quarter of 2020, the strategy returned 11.8% net of fees and now has a three-year live track record with an annualized inception-to-date return of 12.64% net of fees through end of March 2020. The strategy is designed to have very low correlations to most major asset classes, common factors and other alternatives, including Global Macro. GDM is implemented using a highly liquid and very transparent framework. We would be happy to provide additional information or set up a call to discuss the potential benefits of our process. For more information, please respond to this post. Thank you. The Fund and its shares are unregistered securities. The Fund is only available to those U.S. persons who are Accredited Investors under the Securities Act of 1933, Qualified Purchasers under the Investment Company Act of 1940 and Qualified Eligible Persons under the Commodity Exchange Act. This is not an offer for an investment in the Fund. An offer is only made by the Confidential Private Placement Memorandum, which has more complete information about the Fund. Commodities trading involves substantial risk of loss . Past or simulated performance is no guarantee of future results. Potential for profit is accompanied by possibility of loss.