424B3 1 c72792_424b3.htm

 

Filed pursuant to Rule 424(b)(3)
Registration No. 333-162132

 

SUPERFUND GREEN, L.P. – SERIES A AND SERIES B SUPPLEMENT

DATED FEBRUARY 19, 2013 TO PROSPECTUS DATED MAY 8, 2012

 

JANUARY 2013 PERFORMANCE UPDATE

 

   January 2013   Year to Date   Total NAV
01/31/2013
   NAV per Unit
01/31/2013
 
Series A   3.56%   3.56%  $17,183,465   $1,170.72 
Series B   5.99%   5.99%  $18,968,519   $1,206.91 

 

* All performance is reported net of fees and expenses

 

Fund results for January 2013:

 

The Fund’s strategies produced solid returns to start 2013 with gains across multiple market sectors. January was a strong month for global stock indices as optimistic investors worldwide turned to risk. In the U.S., the S&P 500 reached 5-year highs as lawmakers were able to avert the impending tax increases and government spending cuts of the so-called fiscal cliff while also extending the debt ceiling. Stocks rose markedly in Europe on signs of financial normalization as euro-zone banks took advantage of their first opportunity to submit early repayment of emergency 3-year loans issued by the European Central Bank (“ECB”). Increasing confidence in economic conditions lifted crude oil and base metals while reducing demand for gold as an alternative asset. Grain markets also gained ground, supported by adverse weather conditions in South America and dwindling U.S. supplies. The Fund’s short-term models contributed significantly to returns, generating profits in stocks, energies and currencies.

 

The Fund’s strategies performed well in global equities in January as indices reached multi-year highs on growing investor optimism. U.S. stocks gained over 5% with 75% of companies exceeding quarterly earnings forecasts. In Japan, the Nikkei rose on the falling yen and plans for additional fiscal stimulus. The Hang Seng and Chinese H-Shares advanced as Hong Kong exports grew and Chinese GDP exceeded forecasts. The Aussie SPI rose on commodity demand while the Korean Kospi fell due to elevated political tensions with North Korea. The Swiss SMI rose as the franc fell against the euro, strengthening Swiss exports. Gains in the German DAX reflected rising investor confidence while the Spanish IBEX and Italian MIB40 advanced as fiscal crisis fears receded.

 

The Fund’s allocation to the bonds sector underperformed in January as global economic stability eroded demand for the safety of government securities. Euro-zone stocks rose for an eighth straight month, reducing demand for German debt. U.S.

 

benchmark 10-year yields jumped in reaction to the fiscal cliff resolution and the ECB announcement that 278 regional banks would take advantage of early repayment of emergency loans. Australian 10-year yields reached a 4-month high as aggressive rate cuts by the Reserve Bank of Australia helped to loosen credit and improve market sentiment. Japanese 10-year yields declined on expectations that new stimulus measures and fiscal discipline will stabilize their economy.

 

The Fund’s positions in money markets posted subpar results in January on expectations for the removal of excess liquidity from the financial system. The first opportunity for banks to repay the ultra-cheap 3-year loans offered by the ECB as part of their Long Term Refinancing Operation was met with widespread participation. Banks exceeded expectations by submitting €137 billion in repayments versus market estimates of €84 billion, leading to a spike in short-term yields. Additionally, euro-zone banks chose not to replace the longer term loans with regularly offered 7-day and 3-month financing, a sign that banks are detaching themselves from central bank support.

 

The Fund’s metals positions produced favorable results in January as the rebound in the global economy led to increased demand for industrial metals. LME and NY copper climbed to 3-month highs on encouraging U.S. auto sales and housing data and expansion in the Chinese manufacturing sector. LME nickel gained as stainless steel producers restocked in preparation for higher production rates. Platinum experienced its best month in a year as global demand grew while mining investment declined. Investors preferred silver (+3.7%) to gold (-0.9%) due to its widespread use in manufacturing in addition to its benefit as an inflation hedge.

 

The Fund’s allocation to the energies sector generated healthy returns in January as improving global economic conditions lifted demand prospects while unrest across North Africa and the Middle East injected geopolitical risk premium. Signs of growth in the U.S., China and Europe helped to lift NY crude oil to a 4-month high despite U.S. production exceeding 7 million barrels per day for the first time since 1993. Heightened tensions between Israel and Syria, instability in Egypt and an attack on a BP-owned gas field in Algeria combined to add fear to the rally. Natural gas moved higher mid-month on home heating demand as a mass of arctic air moved across the eastern half of U.S. before falling to nearly unchanged on warmer weather.

 

Other market sectors, relative to those discussed above, did not have a substantial impact on the month’s overall performance.

 

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS

 

SUPERFUND GREEN, L.P. – SERIES A

JANUARY 2013 ACCOUNT STATEMENT

(Prepared from Books without Audit for the Month ended January 31, 2013)

 

STATEMENT OF INCOME
   JANUARY 2013 
Investment income, interest  $(602)
      
Expenses     
Management fee   26,647 
Ongoing offering expenses   14,404 
Operating expenses   2,161 
Selling Commissions   57,614 
Other expenses   365 
Incentive fee     
Brokerage commissions   28,749 
      
Total expenses   129,939 
      
Net investment gain (loss)   (130,542)
      
Realized and unrealized gain (loss) on investments     
Net realized gain (loss) on futures and forward contracts   454,798 
Net change in unrealized appreciation (depreciation) on futures and forward contracts   266,207 
      
Net gain(loss) on investments   721,005 
      
Net increase (decrease) in net assets from operations  $590,463 

 

STATEMENT OF CHANGES IN NET ASSET VALUE
 
   JANUARY 2013 
Net assets, beginning of period  $17,617,897 
      
Net increase (decrease) in net assets from operations   590,463 
      
Capital share transactions     
Issuance of shares   35,665 
Redemption of shares   (1,060,560)
      
Net increase(decrease) in net assets from capital share transactions   (1,024,895)
      
Net increase(decrease) in net assets   (434,432)
      
Net assets, end of period  $17,183,465 
NAV Per Unit, end of period  $1,170.72 
 

SUPERFUND GREEN, L.P. – SERIES B

JANUARY 2013 ACCOUNT STATEMENT

(Prepared from Books without Audit for the Month ended January 31, 2013)

 

STATEMENT OF INCOME
   JANUARY 2013 
Investment income, interest  $(919)
      
Expenses     
Management fee   29,415 
Ongoing offering expenses   15,900 
Operating expenses   2,385 
Selling Commissions   63,599 
Other expenses   741 
Incentive fee    
Brokerage commissions   44,228 
      
Total expenses   156,267 
      
Net investment gain(loss)   (157,186)
      
Realized and unrealized gain(loss) on investments     
Net realized gain(loss) on futures and forward contracts   801,824 
Net change in unrealized appreciation (depreciation) on futures and forward contracts   428,098 
      
Net gain(loss) on investments   1,229,922 
      
Net increase (decrease) in net assets from operations  $1,072,736 

 

STATEMENT OF CHANGE IN NET ASSET VALUE
   JANUARY 2013 
Net assets, beginning of period  $18,627,723 
      
Net increase (decrease) in net assets from operations   1,072,736 
      
Capital share transactions     
 Issuance of shares   38,821 
 Redemption of shares   (770,760)
      
Net increase (decrease) in net assets from capital share transactions   (731,940)
Net increase(decrease) in net assets   340,796 
      
Net assets, end of period  $18,928,519 
NAV Per Unit, end of period  $1,206.91 
 

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.