Form 8-K - United States Brent Oil Fund, LP

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): October 15, 2014

UNITED STATES BRENT OIL FUND, LP

(Exact name of registrant as specified in its charter)

Delaware

001-34704

27-0925904

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

1999 Harrison Street, Suite 1530

Oakland, California 94612

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (510) 522-9600

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨	Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4c))

Item 5.02.

Departure of Directors or Certain Officers.

On October 13, 2014, Mr. John T. Hyland, Chief Investment Officer of United States Commodity Funds LLC, general partner of United States Brent Oil Fund, LP, tendered his resignation effective May 1, 2015. In order to ensure an orderly transition, Mr. Hyland will remain as the Chief Investment Officer of United States Commodity Funds LLC until May 1, 2015. A press release is attached as an Exhibit.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits


Exhibit 99.1		Press Release

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	United States Brent Oil Fund, LP

	By:	United States Commodity Funds LLC, its general partner

Date: October 15, 2014	By:	/s/ Howard Mah
		Name: Howard Mah
		Title: Chief Financial Officer

EX-99.1

Exhibit 99.1

Mr. John Hyland, Chief Investment Officer of United States Commodity Funds, Resigning Effective May 1, 2015

Oakland, CA - October 15, 2014. United States Commodity Funds LLC (“USCF”) today announced that it has received and accepted the resignation of John T. Hyland, CFA. In order to provide an orderly transition, Mr. Hyland has agreed to stay and remain as the Chief Investment Officer of USCF until May 1, 2015.

“We greatly appreciate Mr. Hyland’s years of dedicated service to USCF and the Funds, which USCF serves as general partner or sponsor,¹ and his decision to remain as Chief Investment Officer of USCF through May 1, 2015,” stated Howard Mah, Management Director and Chief Financial Officer of USCF. “The care and dedication Mr. Hyland has shown to USCF and the Funds over the past decade have contributed in an invaluable way to making USCF the company it is today. The management and employees of USCF wish Mr. Hyland the greatest success in his future endeavors.”

A 28-year veteran of the investment management industry, Mr. Hyland joined USCF in 2005 and was integral to the launch of USCF’s first commodity based ETF in 2006. Mr. Hyland helped guide USCF to launch a number of ground-breaking ETFs targeting both single commodity exposure, in areas such as energy and industrial metals, as well as diversified baskets of commodities.

A frequent and popular speaker at ETF and commodity-related conferences, Mr. Hyland has also contributed articles on the topic of commodity-related investing and ETFs for books and periodicals. Prior to 2005, Mr. Hyland had a long career in both portfolio management and investment product development with a particular emphasis on REITs and CMBS investments. Mr. Hyland is a former president of the CFA Society of San Francisco and a graduate of the University of California Berkeley.

The Funds that United States Commodity Funds LLC operates are distributed by ALPS Distributors, Inc.

USCF is the general partner of United States Oil Fund, LP, United States Natural Gas Fund, LP, United States 12 Month Oil Fund, LP, United States Gasoline Fund, LP, United States 12 Month Natural Gas Fund, LP, United States Brent Oil Fund, LP, United States Short Oil Fund, LP and United States Diesel-Heating Oil Fund, LP. USCF serves as sponsor the United States Commodity Index Funds Trust and its series, United States Agriculture Fund, United States Commodity Index Fund, United States Copper Index Fund and United States Metals Index Fund.