Privacy Policy


This privacy policy explains the manner in which the Firm collects, utilizes and maintains nonpublic personal information about the Funds’ investors, as required under federal regulation.  Although  federal  regulation  provides  that  the  usage  of  nonpublic  information  of  investors (“Investor  Information”)  is  limited  to  investors  who  are  individuals,  the  Firm  will  apply  this privacy  policy  to  all  of  its  investors.    Investor  Information  shall  mean  personally  identifiable financial information including any list, description or other grouping of the Firm’s investors that is  derived  using  nonpublic  personal  information  other  than  publicly  available  information.  Specifically, for the purpose of this policy, Investor Information includes, but is not limited to, an investor’s name, social security number or taxpayer identification number,  contact  information (including  home  address,  business  address,  telephone  number  and  date  of  birth),  financial  and investment qualifications or account number at the Firm.

A.     Privacy Regulation

The SEC’s Regulation S-P (Privacy of Consumer Financial Information, herein after the “Privacy Rules”), which was adopted to comply with Section504 of the Gramm-Leach-Bliley Act, requires  investment  advisers  to  disclose  to  their  investors the Firm’s policies  and  procedures regarding the use and safekeeping of investor records (“Privacy Notice”).  Among other requirements, the Privacy Rules require financial institutions to send initial Privacy Notices to “consumers”, send Privacy Notices to “customers” upon material change, and provide both customers  and  consumers  the  opportunity  to  opt  out  of  the  disclosure  of  any  non-public personal information about a consumer to a nonaffiliated third party.  For purposes of this Policy, “consumers” are potential and  current  investors  in  the  Funds and “customers” are  the Funds’ current investors.

B.     Collection of Investor Information

The Firm collects personal and/or confidential information about investors mainly through the following sources:·Subscription documents, investor questionnaires and other information provided by the investor in writing, in person, by telephone, electronically or by any other means.  This information includes  name,  address,  nationality,  tax  identification  number and financial  and  investment qualifications.·Transactions   within   the   Firm,   including account   balances,   investments   and redemptions.

C. Disclosure of Nonpublic Personal Information

DTA does not sell or rent Investor Information.  DTA does not disclose Investor Information to nonaffiliated third parties or to affiliated entities, except as permitted by law.  For example, the Firm may share Investor Information in the following situations:·To service providers in connection with the administration and servicing of the Firm, including  attorneys,  accountants,  auditors, and  other  professionals.    The Firm  may  also  share information in connection with the servicing or processing of Firm transactions.·To respond to a subpoena or court order, judicial process or regulatory authorities.·To protect against fraud, unauthorized transactions (such as money laundering), claims or other liabilities.·Upon  consent  of  an  investor  to  release  such  information,  including  authorization  to disclose such information to persons acting in a fiduciary or representative capacity on behalf of the investor.

D.    Protection of Investor Information

The Firm’s policy is to require that all Employees, financial professionals and companies providing  services  on  their  behalf  keep  Investor  Information  confidential.    The  Firm  maintains safeguards  that  comply  with  federal  standards  to  protect  such  information.    The  Firm  restricts access to the Investor Information to those Employees who need to know that information in the course of their job responsibilities.  Third parties with whom the Firm shares Investor Information must  agree  to  follow appropriate standards of security and confidentiality.  The Firm’s privacy policy applies to both current and former investors.  The Firm may disclose Investor Information about a former investor to the same extent as for a current investor.

E.     Location and Maintenance of Investor Information

All Investor Information is retained in accordance with the Firm’s “Record  Retention Policy, ”as set  forth in this Manual.  The CCO ensures the security of the Firm’s  Investor Information  by  keeping  all  Investor  Information  only  in  a  secure  location  with  limited  access designated by the CCO.  In the case of all such Investor Information, limited access will be granted to  only  those Employees who  require  such  information  in  the  course  of  their  specific  job responsibilities. If  an  Employee requires  access  to  Investor  Information,  they  must  receive approval from the Firm’s CCO, who will determine if such access will be approved, and if so, the level of access allowed thereto.


F.     Initial Privacy Notices

The Firm shall provide new investors with a Privacy Notice (Appendix B) describing this privacy policy and shall obtain and retain written evidence that such notice was provided prior to making the investment. 


G.    Distribution of Privacy Notices.

Upon Material Change the Firm or  a  designee  (e.g.  a  fund administrator)shall distribute to all of the Firm’s investors a Privacy Notice describing this privacy policy upon any material changes (Appendix B).  The CCO shall retain a copy of the Privacy Notice sent and shall make and retain a record of its distribution.


H.    State Privacy Laws

Certain  states  have  adopted  privacy  regulations  that  may  be  applicable  to  advisers  with investors who are residents of those states.  To ensure compliance with state privacy requirements, the  CCO  will periodically review such laws and evaluate whether the Firm’s procedures and controls  are  sufficient  in  light  of  the  review.    To  the  extent  necessary,  the  Firm  will  revise  its procedures and institute additional controls in order to comply with applicable state privacy laws