In 1998, Steve Carruthers received a Masters of Business Administration degree from Nyenrode University in the Netherlands. During that period, Mr. Carruthers began research into technical trading methods. After moving to the United States in 2002, Mr. Carruthers began trading currency futures and concentrated his research efforts on systematic trading. From March 2003 until June 2003, Steve Carruthers was registered as an Investment Advisor with AXA Advisors and left to form Fuimus Financial LLC where he continued his research into quantitative methodologies. From February 2004 to present, Mr. Carruthers has been registered as an Investment Advisor for Fuimus Financial LLC with FINRA and Washington State Securities Division, where he has developed a proprietary model for trading a diversified basket of commodities. Detailed records of that model known as Zentrender have been kept since September of 2006 to the present.

Fuimus Financial and Steve Carruthers are registered as a CTA with the NFA.

The ZENTRENDER system trades a basket of up to forty different commodity and financial futures instruments. The modelenters a position once the prevailing trend has already been established and remains in that trade until the trade has been seen to have changed or has been stopped out at a pre-determined point established by the current volatility of the said commodity. Risk control is therefore inherent in each single trade but is also spread broadly over the entire portfolio by trading in different directions according to the trend in each commodity class. An automated approach to trading means that the human factor is largely eliminated from the system and losses can be kept within the established risk parameters. Returns are based on proforma adjustments to a proprietary account to reflect fees. Client accounts will be traded in like
fashion.

As of June 2009 we are excluding proprietary data and reporting exclusively client funds