Man-AHL Diversified I L.P., a Delaware limited partnership (the "Partnership"), was organized in September 1997 under the Delaware Revised Uniform Limited Partnership Act and commenced trading operations on April 3, 1998, for the purpose of engaging in the speculative trading of physical commodities, futures and forward contracts and related instruments. The Partnership was formerly named AHL Diversified (USA) L.P., but was renamed in February 2002. The Partnership is a "feeder" fund in a "master-feeder" structure, whereby the Partnership invests substantially all of its assets in Man AHL Diversified Trading Company L.P. (the "Trading Company"). AHL Partners LLP (the "Trading Advisor"), a United Kingdom limited liability partnership, is the Partnership's and the Trading Company's trading advisor. The Trading Advisor also serves as the Partnership's commodity pool operator. Man Investments (USA) Corp. (the "General Partner"), a Delaware corporation, is the Partnership's general partner. The Trading Advisor is an affiliate of the General Partner. Man Investments Limited, a United Kingdom private limited company, that is part of Man Group plc ("Man Group"), is the managing member of the Trading Advisor, and Man Investments Holdings Inc., a Delaware corporation that is part of Man Group, is the sole shareholder of the General Partner.
Although the Partnership uses the term "class" to distinguish between certain interests in the Partnership, the Partnership does not believe that the differences between such interests are sufficient to make them separate "classes" under Section 12(g) of the Exchange Act, as all of the interests in the Partnership, regardless of "class," are of substantially similar character and the holders of which enjoy substantially similar rights and privileges. The holders of interests in the Partnership (regardless of "class") share pro rata in the Partnership's profits and losses, enjoying no preferences over one another during the life of the Partnership or upon dissolution and otherwise have identical rights under the Partnership's Limited Partnership Agreement, as amended or supplemented from time to time (the "Limited Partnership Agreement"). The only differences among the "classes" relate to fees and minimum investment.
The General Partner became the general partner of the Partnership as of April 1, 2005 when Man-AHL (USA) Corp., the Partnership's original general partner and trading advisor ("Man-AHL"), appointed it as such. In addition to the appointment of the General Partner, Man-AHL appointed Man-AHL (USA) Limited to serve as the trading advisor to the Partnership commencing as of April 1, 2005. Following the appointments of the General Partner as a general partner and Man-AHL (USA) Limited as the trading advisor, Man-AHL resigned as a general partner and trading advisor of the Partnership. The General Partner agreed to continue the Partnership without interruption or change. On June 1, 2014, the General Partner appointed the Trading Advisor as trading advisor of the Partnership, and Man-AHL (USA) Limited resigned as trading advisor. The Trading Advisor implements the same trading program and employs substantively the same personnel as did Man-AHL (USA) Limited. The General Partner controls and manages the business of the Partnership, but has otherwise delegated its investment management authority and commodity pool operator responsibilities with respect to the Partnership to the Trading Advisor. Purchasers of Units, as the Partnership's "Limited Partners," have no right to participate in management or control of the Partnership. The offices of the Partnership, where its books and records are kept, are located at the office of the General Partner: 452 5th Ave., 27th Floor, New York, NY, 10018; telephone (212) 649-6600.