City Fund Management Need help with terms? United Kingdom Type: Commodity Trading Advisor (CTA) Registrations: NFA ID: 0283709 Program Past 12 Months May YTD CAROR WDD AUM Min Inv Visits AMAC N/A - -1.56 $ 1,000k 4789 ANK N/A - -1.39 $ 500k 3618 BB N/A - N/A $ 500k 4012 BH N/A 7.65 -15.24 $ 500k 5675 C8 N/A - -1.00 $ 1,000k 4842 DXF01 Strategy N/A 6.33 -8.90 $ 1,500k 6398 FC Strategy N/A 2.89 -2.80 $ 1,000k 4266 GST Strategy N/A 17.14 -4.44 $ 1,000k 8438 HZ Strategy N/A - -0.93 $ 1,000k 5012 LC N/A - -1.13 $ 500k 3338 M2T N/A - -4.01 $ 1,000k 3837 ORI N/A - -1.29 $ 1,000k 5165 PB Strategy N/A - -4.05 $ 1,000k 3993 PF Strategy N/A - -0.07 $ 1,000k 4106 Single Strategy - ECLV N/A 8.87 -4.23 $ 1,000k 7640 Single Strategy - STIRB01 N/A 4.41 -7.74 $ 5,000k 5964 SRM Strategy N/A - -2.71 $ 1,000k 3938 Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial. CTA Introduction From the very beginning of the company until the present day when assets under management have grown to over USD 500 Million, City Fund Management Ltd. (cfm) and its very experienced and traditional management team, have distinguished themselves from others by passionately believing in the notion that high returns are not necessarily indicative of a sound investment. Our modus operandi has developed over time into a well established pattern of achieving conservative returns which attain their risk adjusted quality through unique management control. The market dislocations that occurred during 2007 and 2008 have only served to highlight cfm’s durability during such times, and its paramount objective of capital preservation. Our Philosophy - “Quality returns are created from the controlled management of risk” cfm believe that given that the size of investment returns are directly commensurate with the amount of risk taken, then the better the control of the risk the higher the quality of the returns. Solid risk adjusted returns and capital protection are the paramount concerns of the Constellation brand, cfm’s flagship product. cfm believe that ‘the shorter the time frame of the trade, the more commensurate it is with better risk adjusted returns’. Constellation’s multi-strategy and multi-trader style with short term discretionary bias, is complemented by intraday risk monitoring within which correlations are tracked between strategies.