The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
FLEXSHARES TR MORNSTAR UPSTR 33939L407 11,797 428,500 SH   SOLE   428,500 0 0
FORTRESS TRANS INFRST INVS L COM REP LTD LIAB 34960P101 41,764 3,338,482 SH   SOLE   3,338,482 0 0
ISHARES TR CORE S&P500 ETF 464287200 108,217 497,412 SH   SOLE   497,412 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 146,818 3,920,376 SH   SOLE   3,920,376 0 0
JPMORGAN CHASE & CO ALERIAN ML ETN 46625H365 62,026 1,969,090 SH   SOLE   1,969,090 0 0
POWERSHARES DB CMDTY IDX TRA UNIT BEN INT 73935S105 11,677 777,950 SH   SOLE   777,950 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 25,190 514,189 SH   SOLE   514,189 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 39,993 554,607 SH   SOLE   554,607 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 29,457 553,607 SH   SOLE   553,607 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 15,300 320,410 SH   SOLE   320,410 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 22,203 277,393 SH   SOLE   277,393 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 15,854 224,527 SH   SOLE   224,527 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 25,714 1,332,332 SH   SOLE   1,332,332 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 20,083 343,997 SH   SOLE   343,997 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 48,258 1,010,000 SH   SOLE   1,010,000 0 0
SELECT SECTOR SPDR TR RL EST SEL SEC 81369Y860 6,440 196,520 SH   SOLE   196,520 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 218,656 1,010,893 SH   SOLE   1,010,893 0 0
SPDR SERIES TRUST S&P OILGAS EXP 78464A730 1,435 37,321 SH   SOLE   37,321 0 0
SPDR SERIES TRUST S&P BIOTECH 78464A870 1,989 30,000 SH   SOLE   30,000 0 0
TETRAPHASE PHARMACEUTICALS I COM 88165N105 249 65,000 SH   SOLE   65,000 0 0
VANECK VECTORS ETF TR OIL SVCS ETF 92189F718 439 15,000 SH   SOLE   15,000 0 0
VANGUARD INDEX FDS REIT ETF 922908553 26,594 306,600 SH   SOLE   306,600 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 24,498 651,022 SH   SOLE   651,022 0 0
VANGUARD WORLD FDS INF TECH ETF 92204A702 602 5,000 SH   SOLE   5,000 0 0
PFENEX INC COM 717071104 16,067 1,771,428 SH   SOLE   1,771,428 0 0
AGROFRESH SOLUTIONS COM 00856G109 46,375 17,500,000 SH   SOLE   17,500,000 0 0
AMICUS THERAPEUTICS INC COM 03152W109 73 14,674 SH   SOLE   14,674 0 0
ARDELYX INC COM 039697107 26 1,798 SH   SOLE   1,798 0 0
OLD REPUBLIC INTL CORP COM 680223104 235 12,375 SH   SOLE   12,375 0 0
AGROFRESH SOLUTIONS WARRANTS 00856G117 1,080 6,000,000 SH   SOLE   6,000,000 0 0