Ross Beck : CTA Managed Account Program

Summary

-Performance notes: From 2/1/05 to 9/30/05, Ross Beck was an introducing broker for his own firm and traded a single client account with discretion using the system described below; and clients were charged a pro-forma monthly incentive fee of 30% of new net profits. From February 2005 through September 2005, clients were charged a pro-forma monthly incentive fee of 30% of new net profits and clients were not charged a management fee and commissions charged were approximately $25 per round turn trade. However, commencing in October 2005, clients are charged approximately $5 per round turn trade. As such, the performance returns include pro-forma commissions charged at $5 per round turn trade. The specific trading methodology/system employed for the Ross Beck, CTA Managed Account Program - Indices is a countertrend trading system. The philosophy of the system is contrarian and based on the assumption that any significant move in the capital markets will retrace itself to Fibonacci support and resistance levels. The primary instrument traded is the Mini Dow futures contract trading at the Chicago Board of Trade. The advisor uses a 95% systematic and a 5% discretionary approach. The system is always in the market, long or short. Position size is dynamic and will change based on market volatility. The system performs best during times of moderate volatility.