FORT, L.P. (“FORT”), a Delaware limited partnership, is an investment adviser based in Chevy 
Chase, Maryland. FORT was established in 1999 and is the successor to FORT Inc., which was 
co-founded in 1993 by Dr. Yves Balcer and Dr. Sanjiv Kumar. FORT’s general partner is FORT 
Management Inc. FORT’s principal owners include Dr. Balcer and Dr. Kumar, both individually 
and through their respective subsidiaries. 
FORT  develops  and  implements  proprietary  investment  strategies  for  (i)  separately  managed 
accounts  (collectively,  the  “Managed  Accounts”  and  each  a  “Managed    Account”);  and  (ii) 
privately offered commingled investment vehicles (collectively, the “Private Funds” and each a 
“Private  Fund”)  The  Sub-Advised  Account,  Managed  Accounts  and  the  Funds  are  sometimes 
collectively referred to herein as “Clients” or, each, a “Client.” 
FORT  makes  available  to  Clients  three  proprietary  trading  programs  developed  by  FORT:  (i) 
Global Contrarian, a trend-anticipating trading program; (ii) Global Diversified, a combination of 
futures strategies and an equity market neutral strategy; (iii) and Global Trend, a systematic trend-
following trading strategy. Global Diversified’s managed futures strategy is comprised of a mix of 
separate  components,  which  currently  include:  a  trend-anticipating  strategy,  a  trend-following 
strategy and a mean reversion and relative value strategy. Global Diversified’s’s equity strategy is 
based upon a variety of fundamental and technical signals derived from public information in SEC 
filings  and  otherwise.  The  investment  objective  of  the  Global  Contrarian  and  Global  Trend 
programs is to achieve attractive absolute rates of return and reduced volatility of returns that are 
generally  uncorrelated  with  global  equity  indices.  The  investment  objective  of  the  Global 
Diversified program is to achieve attractive absolute rates of return that are generally uncorrelated 
with  global  equity  indices;  in  addition,  these  programs  seek  opportunities  that  are  partially 
uncorrelated  with  each  other.    For  more  information  on
                                        
                                        
                                              the  investment  strategies  and 
corresponding risks that FORT may use when implementing such strategies, see Item 8, “Methods 
of Analysis, Investment Strategies and Risk of Loss.” 
When FORT advises a Sub-Advised Account or Managed Account, the underlying investor of the 
applicable Client indicates whether FORT should utilize one or more of the Global Contrarian, 
Global Trend, and/or Global Diversified programs. These strategies are predominantly systematic 
and,  therefore,  FORT  does  not  generally  offer  deviation  from  pari  passu  treatment  with  the 
strategy selected. However, on occasion, a Managed Account may have specific restrictions on its 
investments, which are detailed in the applicable advisory agreement. 
When  FORT  advises  a  Fund,  FORT  provides  investment  advice in  accordance  with  either the 
Global Contrarian, Global Diversified,  or Global Trend, as set  forth in the confidential private 
placement memorandum or prospectus and organizational documents of such Fund (collectively, 
the “Offering Documents”). 
The investment objective and guidelines of the Funds are not specifically tailored to the individual 
needs of investors. However, with respect to a Private Fund, FORT or the general partner of such 
Private Fund has entered into, and may enter into in the future, side letter agreements with certain 
investors,  establishing  rights  under,  or  supplementing  or  altering  the  terms  of,  the  Offering 
Documents relating to such Private Fund with respect to such investors. These agreements may 
impose restrictions on investing in certain securities or types of securities pursuant to negotiated 
side letter agreements as negotiated by FORT or the general partner of such Private Fund. 
As of December 31, 2023, the amount of regulatory assets under management that FORT managed 
on  a  discretionary  basis  was  approximately  $358,861,756.  As  of such  date,  FORT’s  aggregate 
assets under management, including Managed Accounts that FORT managed on a discretionary 
basis, was approximately $358,861,756. FORT does not intend to manage Client accounts on a 
non-discretionary basis.