City Fund Management Need help with terms? United Kingdom Type: Commodity Trading Advisor (CTA) Registrations: NFA ID: 0283709 Program Past 12 Months Sep YTD CAROR WDD AUM Min Inv Visits AMAC N/A - -1.56 $ 1,000k 4493 ANK N/A - -1.39 $ 500k 3332 BB N/A - N/A $ 500k 3702 BH N/A 7.65 -15.24 $ 500k 5319 C8 N/A - -1.00 $ 1,000k 4564 DXF01 Strategy N/A 6.33 -8.90 $ 1,500k 6118 FC Strategy N/A 2.89 -2.80 $ 1,000k 3984 GST Strategy N/A 17.14 -4.44 $ 1,000k 8124 HZ Strategy N/A - -0.93 $ 1,000k 4680 LC N/A - -1.13 $ 500k 3076 M2T N/A - -4.01 $ 1,000k 3575 ORI N/A - -1.29 $ 1,000k 4881 PB Strategy N/A - -4.05 $ 1,000k 3695 PF Strategy N/A - -0.07 $ 1,000k 3734 Single Strategy - ECLV N/A 8.87 -4.23 $ 1,000k 7350 Single Strategy - STIRB01 N/A 4.41 -7.74 $ 5,000k 5660 SRM Strategy N/A - -2.71 $ 1,000k 3654 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.