Man-AHL Diversified I is a Delaware limited partnership that pools investor capital to speculate on price trends in global derivatives markets. The Partnership is a feeder fund that invests substantially all of its assets into Man AHL Diversified Trading Company, a master fund managed by AHL Partners, an affiliate of UK-based alternative asset manager Man Group. The Partnership targets capital growth independent of stock and bond market movements by systematically identifying and trading trends across currencies, bonds, equity indices, interest rates, energies, metals, and agricultural commodities. The Partnership uses a quantitative, model-driven approach called the AHL Diversified Program, which generates buy and sell signals across dozens of markets and multiple timeframes, from intraday to multi-month holding periods. The fund uses leverage, with roughly 10%-40% of assets committed as margin at any given time, and holds the remainder in cash or U.S. government securities. The fee structure includes a ~2% annual management fee, a ~1% general partner administrative fee, a ~1% annual servicing fee, and a 20% incentive fee on net new profits above a high-water mark. Investors are limited partners with no management role, and the fund offers two unit classes — Class A for general investors and Class B for retirement plans and IRAs.