Grant Park Futures Fund Limited Partnership has announced a significant change in its advisory structure. Effective November 1, 2026, the fund has terminated its advisory contract with Episteme Capital Partners (UK) LLP, which previously managed approximately 20% of the fund's net assets. This decision is crucial as it reflects the firm's strategy to optimize its asset management and align with its existing commodity trading advisors.

The termination of the advisory contract with Episteme comes as part of Grant Park's ongoing efforts to streamline its operations. The fund has decided to reallocate the assets previously managed by Episteme to its remaining commodity trading advisors: EMC Capital Advisors, LLC, Quantica Capital AG, and Sterling Partners Quantitative Investments LLC. This realignment is expected to enhance the fund's performance and adaptability in a competitive market.

Background

Grant Park Futures Fund Limited Partnership operates within the commodity contracts brokers and dealers industry, classified under SIC 6221. The fund does not have a publicly traded ticker and is categorized as a non-accelerated filer and a smaller reporting company. The firm is based in Chicago, Illinois, and is managed by Dearborn Capital Management, LLC.

Recent filings show that Grant Park has been active in reporting its financial performance, with the latest 10-Q submitted on August 14, 2026. This consistent reporting indicates a commitment to transparency and regulatory compliance.

What the Filing Says

According to the recent filing, "Grant Park Futures Fund Limited Partnership (Grant Park) today announced that, effective November 1, 2026, the advisory contract with one of its Commodity Trading Advisors (CTAs), Episteme Capital Partners (UK) LLP (Episteme), has terminated, and it will no longer be acting as a CTA for the Fund." The filing confirms that the existing CTAs will manage the assets that were previously allocated to Episteme.

Impact

This decision may affect various stakeholders, including investors, who will see a shift in asset management strategies. The reallocation of assets to existing CTAs could lead to changes in investment performance and risk management approaches. Additionally, this move may influence competitors in the commodity contracts brokers and dealers sector as they adapt to evolving market conditions.

What's Next

The filing does not say what happens next regarding future strategies or additional filings. However, the focus on reallocating assets suggests that Grant Park will continue to refine its investment approach to enhance overall fund performance.