The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
FLEXSHARES TR MORNSTAR UPSTR 33939L407 12,619 428,500 SH   SOLE   428,500 0 0
FORTRESS TRANS INFRST INVS L COM REP LTD LIAB 34960P101 51,105 3,338,482 SH   SOLE   3,338,482 0 0
ISHARES TR CORE S&P500 ETF 464287200 101,270 426,812 SH   SOLE   426,812 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 148,329 3,765,656 SH   SOLE   3,765,656 0 0
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 63,602 1,969,090 SH   SOLE   1,969,090 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 11,833 777,950 SH   SOLE   777,950 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 22,164 431,965 SH   SOLE   431,965 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 31,299 420,906 SH   SOLE   420,906 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 23,259 426,147 SH   SOLE   426,147 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 10,293 196,401 SH   SOLE   196,401 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 27,326 310,697 SH   SOLE   310,697 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 22,473 321,500 SH   SOLE   321,500 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 37,432 1,577,414 SH   SOLE   1,577,414 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 26,810 412,078 SH   SOLE   412,078 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 64,568 1,211,179 SH   SOLE   1,211,179 0 0
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 8,558 270,814 SH   SOLE   270,814 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 113,601 481,893 SH   SOLE   481,893 0 0
TETRAPHASE PHARMACEUTICALS I COM 88165N105 597 65,000 SH   SOLE   65,000 0 0
VANGUARD INDEX FDS REIT ETF 922908553 25,322 306,600 SH   SOLE   306,600 0 0
PFENEX INC COM 717071104 10,292 1,771,428 SH   SOLE   1,771,428 0 0
AGROFRESH SOLUTIONS COM 00856G109 76,475 17,500,000 SH   SOLE   17,500,000 0 0
AMICUS THERAPEUTICS INC COM 03152W109 105 14,674 SH   SOLE   14,674 0 0
ARDELYX INC COM 039697107 23 1,798 SH   SOLE   1,798 0 0
OLD REPUBLIC INTL CORP COM 680223104 253 12,375 SH   SOLE   12,375 0 0
AGROFRESH SOLUTIONS WARRANTS 00856G117 1,560 6,000,000 SH   SOLE   6,000,000 0 0