424B3 1 c72390_424b3.htm

SUPERFUND GREEN, L.P. – SERIES A AND SERIES B SUPPLEMENT
DATED JANUARY 24, 2013 TO PROSPECTUS DATED MAY 8, 2012

DECEMBER 2012 PERFORMANCE UPDATE

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 2012

 

Year to Date

 

Total NAV
12/31/2012

 

NAV per Unit
12/31/2012

 

 

 

 

 

 

 

 

 

 

 

Series A

 

 

1.99

%

 

-13.47

%

$

17,617,897

 

$

1,130.48

 

Series B

 

 

3.48

%

 

-18.17

%

$

18,627,723

 

$

1,138.65

 

          * All performance is reported net of fees and expenses

Fund results for December 2012:

          The Fund’s strategies ended 2012 on a positive note with gains in December despite the uncertainty resulting from U.S. budgetary negotiations. As the year-end deadline approached, U.S. political leaders struggled to avert the so-called fiscal cliff, a term used to describe the deadlock over $607 billion in tax increases and cuts to government spending. Meanwhile the U.S. Federal Reserve (the “Fed”) announced $45 billion in monthly treasury purchases while also linking its key interest rate to unemployment and inflation for the first time. U.S. equities finished nearly unchanged despite optimistic economic data while European and Asian stocks gained ground. Japanese stocks and commodities were lifted by the plummeting yen as newly elected Prime Minister Shinzo Abe pushed for bold monetary easing. Gold and silver fell below 200-day moving averages while base metals and energies fluctuated on fiscal cliff related demand prospects. The Fund’s short-term strategies produced mixed returns with gains in stocks and metals and losses in energies.

          The Fund’s models generated healthy returns in global equities in December as tensions over European finances eased. The DAX gained ground on encouraging factory orders and inflation-free consumer price index and producer price index figures while the IBEX35 and MIB40 climbed in-spite of economic weakness. The Japanese Nikkei soared as the tumbling yen boosted export demand expectation while Chinese H-Shares profited on strong industrial production and retail sales data. In the U.S., the Dow Jones Industrial Average and the Standard & Poor’s 500 declined on the fiscal cliff deadlock before reaching positive territory on the last day of trading as political parties closed in on a budgetary resolution. The Nasdaq fell as shares of the influential Apple Inc. continued to come under pressure.

          The Fund’s positions in the bond sector failed to perform in December as U.S. fiscal cliff negotiations continued to drive market movement. Fiscal cliff uncertainty, expectations for poor U.S. employment data, and downbeat euro-zone forecasts drove


global yields lower at the start of December. The addition of 146,000 jobs and the Fed’s expansion of the third round of quantitative easing reversed the trend as investors turned to risk. Renewed optimism for a budget resolution pushed U.S. 10-year yields to a 7-week high of 1.85% before investment turned to safety once again. German bund yields approached record lows on expectations for a rate cut by the European Central Bank (“ECB”) before Greece reached a deal to repurchase some of its sovereign securities and the ECB left rates unchanged, diminishing demand for Europe’s safest asset.

          The Fund’s allocations to currency markets profited in December as trends in the euro and yen persisted. The U.S. dollar was lower against major currencies due to the increasing threat of fiscal cliff tax increases and spending cuts. The euro remained relatively strong as the ECB again held the line on interest rates and the recent recovery in equity markets boosted confidence. The British pound also gained despite the relative weakness of the U.K. economy. The U.S. dollar lost value against most South American currencies including the Columbian peso and Brazilian real. The Japanese yen fell drastically, reaching a 28-month low, as the Bank of Japan continued its attempts to weaken its currency. The Australian dollar was modestly weaker in the face of soft commodity demand.

          The Fund’s grain positions generated losses in December after China canceled U.S. soybean purchases and favorable weather in South America increased harvest expectations. Soybeans and soybean by-products initially climbed to a one-month high, aided by solid exports and crush data. Soybean markets were then abruptly sent lower as China canceled purchases totaling 840,000 metric tons. Soybeans fell to a one-month low of $13.97 ¾ before settling down just 1.6%.

 

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS



SUPERFUND GREEN, L.P. – SERIES A
DECEMBER 2012 ACCOUNT STATEMENT
(Prepared from Books without Audit for the Month ended December 31, 2012)

 

 

 

 

 

STATEMENT OF INCOME

 

 

 

 

 

DECEMBER 2012

 

 

 

 

 

Investment income, interest

 

$

(538

)

 

 

   

 

 

 

 

 

 

Expenses

 

 

 

 

Management fee

 

 

27,320

 

Ongoing offering expenses

 

 

14,768

 

Operating expenses

 

 

2,215

 

Selling Commissions

 

 

59,071

 

Other expenses

 

 

549

 

Incentive fee

 

 

 

 

Brokerage commissions

 

 

33,620

 

 

 

   

 

 

 

 

 

 

Total expenses

 

 

137,543

 

 

 

   

 

 

 

 

 

 

Net investment gain (loss)

 

 

(138,082

)

 

 

   

 

 

 

 

 

 

Realized and unrealized gain (loss) on investments

 

 

 

 

Net realized gain (loss) on futures and forward contracts

 

 

509,724

 

Net change in unrealized appreciation (depreciation) on futures and forward contracts

 

 

(27,709

)

 

 

   

 

 

 

 

 

 

Net gain(loss) on investments

 

 

482,015

 

 

 

   

 

 

 

 

 

 

Net increase (decrease) in net assets from operations

 

$

343,934

 

 

 

   

 


 

 

 

 

 

STATEMENT OF CHANGES IN NET ASSET VALUE

 

 

 

 

 

 

DECEMBER 2012

 

Net assets, beginning of period

 

$

17,717,035

 

 

 

   

 

 

 

 

 

 

Net increase (decrease) in net assets from operations

 

 

343,934

 

 

 

 

 

 

Capital share transactions

 

 

 

 

Issuance of shares

 

 

39,268

 

Redemption of shares

 

 

(482,340

)

 

 

   

 

 

 

 

 

 

Net increase(decrease) in net assets from capital share transactions

 

 

(443,072

)

 

 

 

 

 

 

 

 

 

 

Net increase(decrease) in net assets

 

 

(99,138

)

 

 

   

 

 

 

 

 

 

Net assets, end of period

 

$

17,617,897

 

 

 

   

 

NAV Per Unit, end of period

 

$

1,130.48

 

 

 

   

 



SUPERFUND GREEN, L.P. – SERIES B
DECEMBER 2012 ACCOUNT STATEMENT
(Prepared from Books without Audit for the Month ended December 31, 2012)

 

 

 

 

 

STATEMENT OF INCOME

 

 

 

 

 

 

DECEMBER 2012

 

 

 

 

 

Investment income, interest

 

$

(927

)

 

 

   

 

 

 

 

 

 

Expenses

 

 

 

 

Management fee

 

 

28,886

 

Ongoing offering expenses

 

 

15,614

 

Operating expenses

 

 

2,342

 

Selling Commissions

 

 

62,457

 

Other expenses

 

 

826

 

Incentive fee

 

 

 

Brokerage commissions

 

 

51,266

 

 

 

   

 

 

 

 

 

 

Total expenses

 

 

161,392

 

 

 

   

 

 

 

 

 

 

Net investment gain(loss)

 

 

(162,318

)

 

 

   

 

 

 

 

 

 

Realized and unrealized gain(loss) on investments

 

 

 

 

Net realized gain(loss) on futures and forward contracts

 

 

661,064

 

Net change in unrealized appreciation (depreciation) on futures and forward contracts

 

 

128,449

 

 

 

   

 

 

 

 

 

 

Net gain(loss) on investments

 

 

789,512

 

 

 

   

 

 

 

 

 

 

Net increase (decrease) in net assets from operations

 

$

627,194

 

 

 

   

 


 

 

 

 

 

STATEMENT OF CHANGE IN NET ASSET VALUE

 

 

 

 

 

 

DECEMBER 2012

 

Net assets, beginning of period

 

$

18,979,284

 

 

 

   

 

 

 

 

 

 

Net increase (decrease) in net assets from operations

 

 

627,194

 

 

 

 

 

 

Capital share transactions

 

 

 

 

Issuance of shares

 

 

58,236

 

Redemption of shares

 

 

(1,036,992

)

 

 

   

 

 

 

 

 

 

Net increase (decrease) in net assets from capital share transactions

 

 

(978,755

)

 

 

 

 

 

Net increase(decrease) in net assets

 

 

 

 

 

 

 

(351,561

)

 

 

   

 

 

 

 

 

 

Net assets, end of period

 

$

18,627,723

 

 

 

   

 

NAV Per Unit, end of period

 

$

1,138.65

 



TO THE BEST OF MY KNOWLEDGE AND BELIEF, THE INFORMATION CONTAINED HEREIN IS ACCURATE AND COMPLETE.

 

 

 

/s/ Nigel James

 

Nigel James, President

 

Superfund Capital Management, Inc.

 

General Partner

 

Superfund Green, L.P.