Private company

CERES TACTICAL SYSTEMATIC L.P.

CERES TACTICAL SYSTEMATIC L.P. is an American commodity contracts brokers and dealers company based in New York.2

Last updated Oct 21, 2026.

Overview

$1.9MNet income, fiscal 20253
  • IndustryCommodity Contracts Brokers & Dealers2
  • HeadquartersNew York, United States2
  • Incorporated inNY4
  • Business addressC/O Ceres Managed Futures Llc, 1585 Broadway, New York, Ny 100364
  • Filer categoryNon-accelerated filer4
  • Legal formLimited Partnership2
  • Kind of organizationLimited partnership2
  • LEI549300C9ERJDG2U0BL132
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O C T CORPORATION SYSTEM, 10005 New York, United States2
  • Registered withCorporation and Business Entity Database (Division of Corporations, State Records and UCC, Department of State), 28407762

(a) General Development of Business . Ceres Tactical Systematic L.P. (formerly, Tactical Diversified Futures Fund L.P.) (the “Partnership”) is a limited partnership organized under the partnership laws of the State of New York on December 3, 2002 to engage, directly or indirectly, in the speculative trading of a diversified portfolio of commodity interests including futures, option, swap and forward contracts. The sectors traded include currencies, energy, grains, indices, U.S. and non-U.S. interest rates, livestock, metals and softs. The commodity interests that are traded by the Partnership are volatile and involve a high degree of market risk. The General Partner (as defined below) may also determine to invest up to all of the Partnership’s assets in United States (“U.S.”) Treasury bills and/or money market mutual funds, including money market mutual funds managed by Morgan Stanley or…5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income673$1.9M in 2025−74% since 2021
-$10.0M-$5.0M0$5.0M$10.0M2021: $7.1M$7.1M20212022: $8.7M$8.7M2022+23%2023: -$6.9M-$6.9M20232024: $2.6M$2.6M20242025: $1.9M$1.9M2025−29%
Fiscal year20212022202320242025
Operating expenses$4.5M6$4.6M7$1.9M3$1.7M3$1.5M3
Net income$7.1M6$8.7M7-$6.9M3$2.6M3$1.9M3

Compare CERES TACTICAL SYSTEMATIC L.P. with another company

Corporate structure

CERES TACTICAL SYSTEMATIC L.P. is part of a group headed by Morgan Stanley. 1,522 entities, 24 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; subsidiaries, stakes and holdings from Wikidata (CC0); owners and owned firms from Form ADV, the registration investment advisers file with the SEC. Each entity in the chart links to its source.

Subsidiaries and ownership

Parent company (GLEIF)

Ultimate parent

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Former names

  • TACTICAL DIVERSIFIED FUTURES FUND L.P.Sep 10, 2009 to Sep 11, 20174
  • CITIGROUP DIVERSIFIED FUTURES FUND LPDec 20, 2002 to Oct 5, 20094

Timeline

  1. May 2, 20258-K Executive or director change12
  2. Dec 18, 20238-K Bylaws or fiscal year changed; Other events13
  3. Nov 13, 20238-K Executive or director change14
  4. Jan 12, 20238-K Entered a material agreement15
  5. Jan 5, 20238-K Ended a material agreement16
  6. Nov 21, 20228-K Executive or director change17
  7. Jul 7, 20228-K Executive or director change18
  8. May 11, 20228-K Executive or director change19
  9. Mar 3, 20228-K Executive or director change20
  10. Jan 5, 20228-K Entered a material agreement21
  11. Nov 4, 20218-K Ended a material agreement22
  12. Dec 3, 2002Parent Directly consolidated by CERES MANAGED FUTURES LLC2
  13. Dec 3, 2002Founded CERES TACTICAL SYSTEMATIC L.P. is founded2

Filings

31 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 11 major events. The latest 20:

  1. Aug 11, 202610-Q EDGAR
  2. May 12, 202610-Q EDGAR
  3. Mar 20, 202610-K EDGAR
  4. Nov 10, 202510-Q EDGAR
  5. Aug 8, 202510-Q EDGAR
  6. May 9, 202510-Q EDGAR
  7. May 2, 20258-K FORM 8K EDGAR
  8. Mar 20, 202510-K EDGAR
  9. Nov 12, 202410-Q EDGAR
  10. Aug 9, 202410-Q EDGAR
  11. May 9, 202410-Q EDGAR
  12. Mar 22, 202410-K EDGAR
  13. Dec 18, 20238-K FORM 8K EDGAR
  14. Nov 13, 20238-K FORM 8K EDGAR
  15. Nov 9, 202310-Q EDGAR
  16. Aug 10, 202310-Q EDGAR
  17. May 11, 202310-Q EDGAR
  18. Mar 24, 202310-K EDGAR
  19. Jan 12, 20238-K FORM 8K EDGAR
  20. Jan 5, 20238-K EDGAR

The 31 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How CERES TACTICAL SYSTEMATIC L.P. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCERES TACTICAL SYSTEMATIC L.P.1
  • CIK0001209709
  • Employer ID (EIN)13-42242485
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inNew York5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6221 Commodity Contracts Brokers & Dealers1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business addressC/O Ceres Managed Futures Llc, 1585 Broadway, New York, NY 100361
  • Phone(855) 672-44681
  • Shares outstanding44,385 Capital Unit Class A shares; 2,311 Capital Unit Class D shares; 75 Capital Unit Class Z shares as of Feb 28, 20265
  • Public float$44.9M as of Dec 31, 20255
  • AuditorErnst & Young LLP, Boston, MA PCAOB ID 42; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceDec 20, 20021
  • Filings373 in all: 8-K (142), 424B3 (84), 10-Q (71), 10-K (23), D/A (17), UPLOAD (8), CORRESP (6), POS AM (6)1
    All 17 form types

    S-1 (3), S-1/A (3), 497 (2), 8-K/A (2), EFFECT (2), 10-K/A (1), 10-Q/A (1), 8-A12G (1), D (1)

  • Latest filingsAnnual report (10-K) Mar 20, 2026
    Quarterly report (10-Q) Aug 11, 2026
    Latest 8-K (8-K) May 2, 2025

Risk factors and legal proceedings

The risks CERES TACTICAL SYSTEMATIC L.P. names in Item 1A of its 10-K filed Mar 20, 2026: 14 risks under these headings, as written.5

  • As a result of leverage, small changes in the price of the Partnership’s positions may result in major losses.
  • An investor may lose all of their investment.
  • The Partnership will pay substantial fees and expenses regardless of profitability.
  • An investor’s ability to redeem or transfer Redeemable Units is limited.
  • Conflicts of interest exist.
  • Investing in Redeemable Units may not provide the desired diversification of an investor’s overall portfolio.
  • Past performance is no assurance of future results.
  • An investor’s tax liability may exceed cash distributions.
  • The General Partner may allocate the Partnership’s assets to undisclosed advisors.
  • Regulatory changes could restrict the Partnership’s operations and increase its operational costs.
  • Speculative position and trading limits may reduce profitability.
  • The General Partner, the Partnership and their respective service providers (including the Advisors) and operations are potentially vulnerable to cyber-security attacks or incidents.
The other 2 risks
  • Tax laws are subject to change at any time.
  • Morgan Stanley Management’s role in assessing and managing material risks from cybersecurity threats
  • Civil Litigation