Systematic Trader Index For February 2012 Need help with terms? Monthly Rankings Show ranking for: January February March April May June July August September October November December 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 1985 1984 1983 1982 1981 1980 1979 1978 1977 Rank CTA/Program Feb 2012 Min Inv Inception 258 DUNN Capital Management DUNN Combined Fund (DCF) -7.40 100k 5/1/1989 257 Revolution Capital Management Mosaic Program -6.39 10,000k 10/1/2006 256 Molinero Capital Management LLP Global Markets Program -6.30 2,000k 7/1/2005 255 T2 ASSOCIATES, INC. T2 Associates Contrary #1 Pool -6.15 25k 4/1/2010 254 Dixon Midland Company LLC Dixon Midland Diversified LLC -6.13 250k 5/1/2011 253 Conquest Capital Group Conquest Macro -6.04 250k 5/1/1999 252 Wraith Capital LLP Wraith Dynamic Futures Fund -5.97 100k 1/1/2011 251 DUNN Capital Management World Monetary and Agriculture Program (WMA) -4.96 100k 11/1/1984 250 Strategic Capital Advisors LLC Multi-strategy Futures Program -4.70 3,000k 5/1/2010 249 Ancile Capital Management Global Markets Program -4.68 2,000k 4/1/2005 248 Emil van Essen Spread Trading Program -4.51 5,000k 12/1/2006 247 Rotella Capital Management Rotella Orion (Short-Term) Program -4.30 10,000k 3/1/2006 246 ReSolve Asset Management Inc. Resolve Acorn Diversified Program -4.19 10k 7/1/2005 245 DUNN Capital Management D'Best Futures Fund, L.P. -3.89 100k 6/1/1994 244 Superfund Group Superfund Blue SPC Class A (Gold) -3.84 50k 12/1/2007 243 NuWave Investment Management, LLC Combined Futures Portfolio -3.04 5,000k 6/1/2001 242 NuWave Investment Management, LLC NuWave Investment Partners LP -3.04 250k 6/1/2001 241 Wavefront Global Asset Management IMFC Global Investment Program -2.75 2,000k 2/1/2007 240 Chesapeake Capital Diversified (LV) -2.68 100k 2/1/1988 239 Revolution Capital Management Mosaic Institutional Program -2.51 25,000k 9/1/2009 238 Endeavour Capital LLP Endeavour Pembroke -2.49 2,000k 7/1/2007 237 Alder Capital DAC Alder Global 20 -2.47 250k 2/1/2001 236 Dominion Capital Sapphire Program -2.46 3,000k 5/1/2005 235 Cardwell Investment Technologies Cardwell Investment Technologies 3x Program -2.40 4,000k 2/1/2011 234 Wavefront Global Asset Management IMFC Global Concentrated -2.38 500k 4/1/2009 233 IKOS IKOS FX Fund -2.27 1,000k 3/1/2008 232 Red Rock Capital, LLC Systematic Global Macro -2.25 500k 9/1/2003 231 Dreiss Research Corporation Diversified Program -2.19 1,000k 5/1/1991 230 Emil van Essen EvE Systematic Global Opportunities -2.16 1,000k 9/1/2007 229 Trigon Investment Advisors, LLC Foreign Exchange Program -2.10 5,000k 8/1/2000 228 Xplor Capital Management, LLC Global CTA Program -2.08 1,500k 7/1/2004 227 FORT LP Fort Global Diversified -1.95 2,000k 3/1/2002 226 White Indian Trading Co. STAIRS - Futures Program (Client) -1.95 250k 10/1/2008 225 Romanesco Capital Management B.V Persistence Program -1.89 5,000k 9/1/2005 224 Millburn Ridgefield Corporation Multi-Markets Program -1.84 25,000k 10/1/2004 223 IKOS IKOS Futures Fund -1.75 1,000k 2/1/2010 222 Manning & Napier MN Xenon Global Fixed Income (2x) Program -1.66 1,000k 5/1/2010 221 Abraham Trading Company Diversified Program -1.54 10,000k 1/1/1988 220 Strategic Capital Advisors LLC Contrarian 500 -1.54 250k 12/1/2003 219 Wimmer Horizon LLP Managed Account -1.53 5,000k 5/1/2005 218 Systematic Alpha Management Systematic Alpha Futures Program -1.49 100k 6/1/2004 217 Millburn Ridgefield Corporation Diversified Program -1.47 20,000k 2/1/1977 216 Quantitative Investment Management Quantitative Global Program -1.41 20,000k 10/1/2003 215 White Indian Trading Co. STAIRS (Client) -1.41 250k 5/1/2009 214 Futures Truth Company, FTC-CTA 200K Options Strategy -1.40 200k 12/1/2009 213 Typhon Capital Management, LLC Proteus Dynamic Volatility Program -1.40 250k 10/1/2011 212 Global Bayesian Dynamics, LLC Multi-Strategy Client Composite -1.38 25,000k 3/1/2010 211 Sequoia Hill Capital Management SHCM British Pound AP -1.37 50k 8/1/2011 210 Ion Asset Architecture Ion Fund Program -1.34 10,000k 11/1/2007 209 Ion Asset Architecture (Fund Program) Ion Fund -1.34 100k 11/1/2007 208 Soaring Pelican, LLC Diversified S&P Program -1.30 100k 1/1/2011 207 M.S. Capital Management Global Diversified Program -1.24 2,000k 11/1/1998 206 Alder Capital DAC Alder Global 10 -1.20 250k 10/1/2000 205 Brock Thompson Trading, LLC Brock Thompson Trend Trading Program -1.10 100k 1/1/2012 204 Cardwell Investment Technologies Cardwell Investment Technologies 1x Program -1.10 4,000k 11/1/2008 203 IKOS The IKOS Hedge Fund -1.08 10,000k 7/1/1998 202 Crabel Capital Management Crabel Multi-Product -1.05 1,000k 3/1/1998 201 Neural Capital Ltd Sentinel Trading Program -0.99 2,000k 1/1/2006 200 Auspice Auspice Diversified Program -0.97 1,500k 6/1/2007 199 Robinson-Langley Capital Management, LLC Managed Account Program -0.92 200k 1/1/2007 198 Quantmetrics Capital Management LLP Quantmetrics Multi Strategy Fund -0.90 1,000k 5/1/2006 197 IDS Capital IDS F&F Systematic Trading -0.90 50k 7/1/2013 196 Manning & Napier MN Xenon Global Fixed Income Program -0.87 2,000k 8/1/2004 195 HB Capital Management Inc. Diversified Program -0.87 50k 3/1/2008 194 Millburn Ridgefield Corporation Commodity Program -0.85 25,000k 3/1/2005 193 Winton Capital Management Diversified -0.83 50,000k 10/1/1997 192 Mobius Asset Management Custom Trading Program -0.79 100k 1/1/2002 191 GOLDENWATER CAPITAL LTD GOLDENWATER FUND LTD -0.74 150k 1/1/2011 190 Manning & Napier MN Xenon Managed Futures (2x) Program -0.68 5,000k 6/1/2006 189 Melissinos Trading Eupatrid Global Trends -0.67 50k 1/1/2011 188 IStar Capital B.V. IStar Systematic Fund -0.64 1,000k 9/1/2011 187 Spectrum Asset Management LLC Global Diversified -0.63 2,000k 1/1/2001 186 Lynx Asset Management AB Lynx Program -0.57 75k 5/1/2000 185 Mondiale Asset Management Mondiale Trading Program -0.56 0k 9/1/1997 184 Adamah Capital LLC Asset Allocator Program -0.50 50k 3/1/2011 183 Pacific Capital Advisors Vanguard Program -0.44 100k 4/1/2007 182 Altitude Principle Advisory Limited Noho Capital - Managed Futures on Asian Equity Indices - Intraday -0.44 5,000k 5/1/2011 181 Altus Trading, LLC Managed Forex Program A -0.33 50k 8/1/2011 180 SEB Asset Management SEB Asset Selection Fund C (EUR) -0.32 1k 10/1/2006 179 Pinstripe Trading, LLC Standard -0.32 125k 8/1/2009 178 Shield Plus LLC Shield Plus Natural Gas -0.28 50k 1/1/2004 177 Blake Capital Management, Inc. SRD Energies -0.26 100k 8/1/2011 176 MERIT Alternative Investments GmbH Futures Portfolio -0.23 2,000k 6/1/1998 175 Superfund Group Superfund Green Gold L.P. Series A-1 -0.21 5k 4/1/2009 174 Superfund Group Superfund Blue SPC Class A (EUR) -0.21 50k 4/1/2005 173 SCT Capital Management The Adaptive Quant Trading (AQT) Program -0.20 10,000k 8/1/2009 172 FORT LP Fort Global Contrarian -0.19 2,000k 10/1/2002 171 Quantmetrics Capital Management LLP Premier 12V Strategy -0.19 10,000k 4/1/2003 170 Superfund Group Superfund Green Gold A (SPC) -0.13 5k 10/1/2005 169 Galaxy Asset Management (HK) Ltd Galaxy Quantitative Fund -0.12 100k 5/1/2011 168 Mesirow Financial Investment Management, Inc. Extended Markets Alpha Program -0.09 10,000k 4/1/2004 167 Mobius Asset Management Diversified Program -0.07 250k 3/1/2004 166 Hehmeyer Capital Management, LLC Hehmeyer Systematic Treasury & Equity Strategy -0.06 250k 3/1/2010 159 Revolution Capital Management Alpha Fund 0.00 50k 1/1/2005 163 Huygens Capital LLC Navigator 0.00 1,000k 2/1/2012 164 Alee Capital Management, LLC Mistral Program 0.00 2,500k 1/1/1999 165 Alee Capital Management, LLC Poniente Program 0.00 2,500k 1/1/1999 161 Sequent Capital Sequent CTA - Fundamental Diversified (V12) 0.00 5,000k 1/1/2005 162 Serac, LLC Diversified Reversal Program 0.00 200k 4/1/2011 160 Quantum Leap Capital Management Managed Account Program 0.00 300k 8/1/2006 158 Saxon Investment Corporation Diversified Program 0.03 3,000k 9/1/1988 157 Ion Asset Architecture Ion Volium Fund 0.03 0k 4/1/2011 156 Saxon Investment Corporation Aggressive Diversified Program 0.06 2,000k 11/1/1993 155 Auctos Capital Management Auctos Global Diversified 0.10 3,000k 11/1/2007 154 Mobius Asset Management Energy Weighted Program 0.15 250k 1/1/2005 153 Ramsey Quantitative Systems Inc RQSI Systematic Global Macro Fund 0.16 5,000k 11/1/2012 152 Mesirow Financial Investment Management, Inc. Emerging Markets Currency Alpha Programme 0.24 10,000k 2/1/2008 151 Claughton Capital ARP Institutional Program 0.28 1,000k 10/1/2005 150 Esulep LLC MAX Esulep LLC MAX 0.32 500k 5/1/2008 149 AIMhedge Management Ltd. AIM Classic Fund EUR (Institutional) 0.33 100k 1/1/2005 148 Tyche Capital Advisors LLC TCA Energy Spreads 0.35 100k 8/1/2008 147 Kaiser Trading Group Kaiser Global Diversified Program - Class B 0.37 1,000k 3/1/1998 146 IMC Asset Management IMC Quantitative Indicator Fund (QIF) 0.37 100k 1/1/2012 145 SinoPac Asset Management SinoPac Multi Strategy Quant Fund 0.37 250k 10/1/2009 144 Madison Park Capital Partners, LLC MPCP Sentiment Trading Fund 0.44 350k 8/1/2011 143 Turning Wheel Capital, Inc. Pure Alpha 0.45 10,000k 1/1/2012 142 Tactical Investment Management Tactical Institutional Commodity Program 0.45 10,000k 4/1/1993 141 Gladius Asset Management Fulham Program 0.45 2,000k 1/1/2008 140 Auspice Auspice Managed Futures Excess Return Index 0.46 5,000k 12/1/2010 139 Superfund Group Superfund Green Gold L.P. Series B-1 0.46 5k 4/1/2009 138 Blake Capital Management, Inc. SRD Short Equities 0.48 100k 1/1/2011 137 Trigon Investment Advisors, LLC Global Macro Program (LIQUIDATED as of July 31, 2017) 0.50 10,000k 1/1/2001 136 Hoss Capital Management, LLC Hoss Agricultural Futures Program 0.57 100k 8/1/2011 135 Quantmetrics Capital Management LLP Directional 10V Strategy 0.59 10,000k 1/1/2007 134 Futures Truth Company, FTC-CTA MS4 0.60 250k 10/1/2007 133 Witter & Lester, Inc. Redstone 0.64 500k 9/1/1994 132 Gap Partners LLC Gap 0.67 250k 11/1/2009 131 FCI Capital Management TSFX1 0.68 20k 11/1/2010 130 Jaguar Investments Ltd Vario Capital Strategy 0.74 1,000k 5/1/2016 129 Covenant Capital Management Original Program 0.76 5,000k 9/1/1999 128 Mulvaney Capital Management The Mulvaney Global Markets Fund 0.78 100k 5/1/1999 127 ALFAKRAFT ALFA Commodity Fund 0.80 16k 6/1/2010 126 Silicon Valley Quantitative Advisors US Quantitative Portfolio (UQP) 0.80 200k 11/1/1999 125 Mark J. Walsh Company Standard Program 0.80 2,000k 9/1/1985 124 Crabel Capital Management WPD Crabel Futures Program 0.82 1,000k 7/1/2008 123 Rhicon Currency Management Rhicon Systematic Currency Program 0.85 3,000k 1/1/2004 122 Superfund Group Superfund Green Gold B (SPC) 0.86 50k 10/1/2005 121 Metolius Capital LLC Metolius Diversified 0.93 100k 6/1/2010 120 Superfund Group Superfund Green L.P. Series A 0.95 5k 10/1/2002 119 Parizek Capital Currency Program 0.95 1,000k 4/1/2006 118 Robust Methods LLC Macro Managed Account 0.98 5,000k 1/1/2005 117 Kaiser Trading Group Kaiser Trading Fund 2X SPC - Share Class B 0.98 1,000k 10/1/2006 116 Rivoli Fund Management Rivoli International Fund (V9) 1.03 5,000k 1/1/2002 115 W.G. Wealth Guardian Ltd. SAFI2 Program (SAFI2) 1.11 1,000k 9/1/1997 114 Cranwood Capital Management Fixed Income Arbitrage Fund 1.21 250k 4/1/2008 113 Cranwood Capital Management Cranwood International Fund 1.21 250k 4/1/2008 112 TRYCON G.C.M. AG Tungsten TRYCON AI Global Markets, Class C (UCITS IV) 1.22 100k 2/1/2010 111 Welton Investment Partners Welton Global 1.31 10,000k 6/1/2004 110 Rotella Capital Management Rotella Polaris Program (Diversified) 1.31 10,000k 1/1/1991 109 Rivoli Fund Management Rivoli International Fund (E) 1.34 5,000k 10/1/1996 108 Amplitude Capital International Limited Dynamic Strategy 1.36 6/1/2005 107 Transtrend B.V. DTP – Standard Risk (EUR) 1.37 10,000k 2/1/1999 106 Global Sigma Group, LLC AGSF 1.38 3,000k 4/1/2013 105 SMN Investment Services GmbH smn Diversified Futures Fund (1996) 1.39 0k 11/1/1996 104 Quantica Capital AG Quantica Diversified FX 1.44 5,000k 3/1/2007 103 Superfund Group Superfund Green L.P. Series B 1.45 5k 10/1/2002 102 John Locke Investments Cyril Systematic Program 1.45 8,000k 7/1/2000 101 Global Domain Partners, LLC Global Domain Vector Fund - Series A 1.49 500k 1/1/2006 100 Conquest Capital Group Conquest Select 1.57 250k 6/1/2004 99 Rabar Market Research Short-Term Program 1.57 2,000k 11/1/2009 98 Bifrost Quest Capital LLC IndexQuest (Client) 1.58 500k 11/1/2011 97 Vantage Capital Management VCM Growth Program 1.60 100k 1/1/2011 96 Non Correlated Capital Positive Theta Program 1.68 250k 10/1/2007 95 Eckhardt Trading Company Evolution Strategies 1.68 20,000k 8/1/1991 94 Non Correlated Capital Positive Theta Fund 1.73 50k 10/1/2007 93 Diamond Peak Capital LLC Northstar (2x) program 1.75 250k 10/1/2008 92 GLOBIVEST LLC Alpha Program 1.80 50k 4/1/2009 91 Estlander & Partners Alpha Trend 1.85 30,000k 10/1/1991 90 ROW Asset Managment Row Diversified Fund, L.P. 1.86 1,000k 11/1/2011 89 JLC Futures Management Company JLC Managed Futures Fund I, LP. 1.87 100k 8/1/2009 88 Superfund Group Superfund Green Gold C (SPC) 1.87 100k 10/1/2005 87 HiProb Trading Technology LLC HiProb-I 1.90 5,000k 7/1/2008 86 ISAM ISAM Systematic Trend Fund 1.92 1,000k 6/1/2001 85 Eckhardt Trading Company Evolution Strategies 1.2X 1.93 10,000k 10/1/1991 84 Dendrich Ltd QEP 1.97 50k 12/1/2005 83 Superfund Group Superfund Green Q-AG 1.97 2k 3/1/1996 82 Parizek Capital Futures Trading Program 1.98 500k 4/1/2000 81 Hyman Beck and Company Global Portfolio 1.98 1,000k 3/1/1991 80 Quantica Capital AG Quantica Managed Futures 2.05 10,000k 1/1/2005 79 Quantis Asset Management Ulysses Futures 2.06 1,000k 7/1/2009 78 Superfund Group Superfund Green GCT USD 2.12 15k 1/1/2000 77 RAM Management Group RAM MRTP 1X-Conservative 2.13 1,000k 9/1/1993 76 Seven Capital Management Seven Absolute Return 2.21 100k 6/1/2009 75 Insch Capital Management SA Interbank Currency Program - 3X Leverage 2.26 100k 1/1/2000 74 Transtrend B.V. DTP – Enhanced Risk (USD) 2.31 10,000k 1/1/1995 73 Transtrend B.V. DTP – Enhanced Risk (EUR) 2.32 10,000k 8/1/1999 72 John Locke Investments JL Commodity Long Flat Program 2.34 5,000k 12/1/2007 71 Global Vista Advisors, LLC Global Vista Options ("GVO") 2.38 50k 10/1/2010 70 AllMountain Capital AG Mount Denali Global Trends 2.43 160k 7/1/2007 69 Double Helix Capital Management Double Helix 2.45 50k 1/1/2012 68 Transtrend B.V. DTP – Enhanced Risk (JPY) 2.45 10,000k 8/1/2004 67 Altradis Capital AG AlphAlgo 2.54 100k 5/1/2007 66 Blackwater Capital Management Global Program 2.63 5,000k 7/1/2005 65 Quantis Asset Management Intraday Futures 2.64 250k 1/1/2010 64 Covenant Capital Management Aggressive Program 2.74 3,000k 2/1/2004 63 Rabar Market Research Diversified Program 2.79 2,000k 1/1/1989 62 Crescent Bay Capital Management Premium Stock Index Program 2.80 10k 10/1/2005 61 Salus Alpha Capital Ltd Salus Alpha Directional Markets (DMX) 2.83 10,000k 3/1/2003 60 Estlander & Partners Global Markets 2.85 10,000k 8/1/1999 59 Arcanum Asset Management Equity Index Option Program (Prop) 2.99 500k 7/1/2006 58 UNISystems Research Inc. Wall Street Program 3.03 20k 8/1/2011 57 Revolution Capital Management Alpha Program 3.04 5,000k 6/1/2007 56 Estlander & Partners Freedom 3.05 20,000k 8/1/2010 55 Deep Field Capital AG SINGULARITY Fund 3.07 100k 9/1/2011 54 Global Domain Partners, LLC Global Domain Vector Fund - Series Sigma 3.11 500k 4/1/2009 53 Future Trade AG Thales Swing Trading Programme 3.12 250k 6/1/2007 52 ALFAKRAFT ALFA Edge Fund 3.19 16k 12/1/2011 51 ROW Asset Managment Row Currency Program 3.20 1,000k 11/1/2010 50 Keck Capital Management LLC The Keck Program 3.24 2,000k 12/1/2003 49 Commodity Strategies AG CSAG Active Long Short Commodity Program 3.26 5,000k 10/1/2007 48 TRYCON G.C.M. AG TRYCON CI Global Futures Fund HAIG, Class BI 3.49 75k 6/1/2007 47 Hawksbill Capital Management Global Diversified 3.52 5,000k 11/1/1988 46 Quantis Asset Management PFM Systematic 3.58 15k 5/1/2010 45 Clarke Capital Management FX Plus 3.63 1,000k 5/1/2004 44 Witter & Lester, Inc. Stock Index Futures Trading Program 3.72 400k 1/1/1988 43 Blackheath Fund Management Inc. Blackheath Volatility Arbitrage Fund, LP Class A 3.88 100k 10/1/2010 42 QCM Global Diversified Programme 4.00 500k 12/1/1995 41 Amplitude Capital International Limited Amplitude Sinfonie Fund A Class 4.00 1,000k 9/1/2009 40 FCI Capital Management TSFX2 4.01 20k 1/1/2012 39 ALFAKRAFT ALFA Rubicon Fund 4.08 16k 8/1/2011 38 Rho Asset Management Rho Altius 1XL Program 4.14 5,000k 11/1/2007 37 Drury Capital Diversified Trend-Following Program 4.23 5,000k 5/1/1997 36 Superfund Group Superfund Green Master 4.38 2,000k 5/1/2001 35 Diamond Capital Management Enhanced S&P Program 4.43 100k 10/1/2009 34 Cauldron Investments, LLC Stock Index Plus 4.53 1,000k 10/1/2009 33 White Indian Trading Co. SCS Interest Rate Program (Client) 4.57 250k 8/1/2011 32 Northfield Trading Diversified 4.58 2,000k 7/1/1989 31 Amplitude Capital International Limited Klassik Strategy 4.76 1,000k 9/1/2009 30 Zoi Capital, LLC Telio Program (Client) 4.80 200k 4/1/2010 29 Liberty Funds Group, Inc Liberty Wealth Protection Strategy (1X) 4.83 1,500k 1/1/2009 28 Kinkopf Capital Management KCM S&P (Proprietary) 5.25 100k 1/1/1999 27 AIS Capital Management, L.P. Frontera Global Opportunity Program (futures only) 5.49 10,000k 8/1/2009 26 Briarwood Capital Management, Inc. Diversified Trading Program 5.58 3,000k 7/1/2001 25 Estlander & Partners Alpha Trend II - Class P 5.68 100k 12/1/2008 24 Estlander & Partners Global XL 5.74 5,000k 8/1/1991 23 Liberty Funds Group, Inc Liberty Diversified Option Strategy 5.76 750k 1/1/2009 22 Southwest Managed Investments, LLC Global Diversified 5.86 200k 1/1/2002 21 White Indian Trading Co. SCS Program (Client) 5.93 250k 2/1/2011 20 Kelly Angle Inc. Genesis Program 6.04 2,000k 4/1/2000 19 EMC Capital Advisors, LLC Classic 6.30 5,000k 1/1/1985 18 RAM Management Group MRTP Aggressive 6.32 1,000k 2/1/1998 17 Eclipse Capital Management Global Monetary 6.40 5,000k 8/1/1990 16 Angle Capital Management LLC AIP Program 6.58 100k 1/1/2010 15 QMS Capital Management LP QMS Diversified Global Macro Strategy 6.67 5,000k 6/1/2010 14 Clarke Capital Management Millennium 7.39 1,000k 1/1/1998 13 QQFund.com QQFund.com Alpha Beta Program 7.62 100k 9/1/2008 12 Clarke Capital Management Worldwide 7.78 250k 1/1/1996 11 FRP CAPITAL LLC FRP125+ 7.94 125k 1/1/2010 10 Brandywine Asset Management Brandywine Symphony Preferred Fund, LP 8.27 100k 7/1/2011 9 Heyden & Steindl GmbH TOMAC2 8.52 5,000k 3/1/2003 8 Gregory P Asset Management LLC Seasonal Spread and Options Strategy 9.26 50k 9/1/2009 7 Somers Brothers Capital Diversified Futures Program #1 9.39 100k 1/1/2005 6 Liberty Funds Group, Inc Liberty Wealth Protection Fund 9.92 250k 10/1/2009 5 Clarke Capital Management Jupiter 10.44 3,000k 5/1/2005 4 Purple Valley Capital, Inc. Diversified Trend 1 11.77 100k 8/1/2008 3 Briarwood Capital Management, Inc. Diversified 2XL 12.63 250k 11/1/2004 2 Clarke Capital Management Global Basic 16.58 50k 2/1/1996 1 Clarke Capital Management Global Magnum 16.76 100k 8/1/1997 Past performance is not necessarily indicative of future results. The risk of loss in trading commodity futures, options, and foreign exchange ("forex") is substantial. IASG indexes are generated daily based on CTA manager supplied sector focus, investment strategy and performance. To participate in the IASG index, a program must have a minimum track record of 3 year's performance. Other indexes require a minimum two year track record. Strategy based indexes require the program's composition be more than 50% of the specific strategy. It is not possible for an investor to invest in any of the IASG indexes.