AMENDMENT NO. 1 TO THE FOURTH AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT

Exhibit 3.2

AMENDMENT NO. 1 TO

THE FOURTH AMENDED AND RESTATED LIMITED PARTNERSHIP AGREEMENT

This Amendment No. 1 to the fourth amended and restated limited partnership agreement, dated as of February 1, 2017 (the “Partnership Agreement”), of Managed Futures Premier Macro L.P. (the “Partnership”), by and among Ceres Managed Futures LLC, a Delaware limited liability company (“Ceres”), as general partner, and each limited partner of the Partnership (the “Limited Partners”), is made on this 27th day of February, 2017. Capitalized terms used herein but not otherwise defined shall have the respective meanings assigned them in the Partnership Agreement.

WHEREAS, the General Partner desires to amend the Partnership Agreement in order to reflect the change in name of the partnership on February 27, 2017;

WHEREAS, pursuant to Section 1 of the Partnership Agreement, the General Partner may change the name of the Partnership, without the approval of the Limited Partners;

NOW, THEREFORE, the undersigned, in its capacity as General Partner of the Partnership, hereby amends the Partnership Agreement as follows:

1. The second sentence of Section 1 is amended to read as follows:

“The name of the limited partnership is Ceres Tactical Macro L.P. (the “Partnership”).”

2. All references in the Partnership Agreement to “Managed Futures Premier Macro L.P.” are amended to read “Ceres Tactical Macro L.P.”

IN WITNESS WHEREOF, the General Partner has caused the foregoing instrument to be executed as of the day and the year first above written.

GENERAL PARTNER:
CERES MANAGED FUTURES LLC
By:		/s/ Xxxxxxx X. Xxxx
		Xxxxxxx X. Xxxx
		President and Director
LIMITED PARTNERS:
By:		CERES MANAGED FUTURES LLC,
		General Partner, as authorized agent
		and attorney-in-fact for each Limited Partner
By:		/s/ Xxxxxxx X. Xxxx
		Xxxxxxx X. Xxxx
		President and Director