Option Strategy Index for July 2009

Rank	CTA / Program	Performance	Inception
1	Non Correlated Capital Positive Theta Fund	12.71	10/1/2007
2	Non Correlated Capital Positive Theta Program	10.00	10/1/2007
3	Arcanum Asset Management Equity Index Option Program (Prop)	5.33	7/1/2006
4	OptHedge Advisors LLC Diversified Options & Futures Program	4.89	10/1/2008
5	White River Group Diversified Option Writing Strategy	2.49	11/1/2008
6	GLOBIVEST LLC Alpha Program	1.89	4/1/2009
7	Esulep LLC MAX Esulep LLC MAX	1.23	5/1/2008
8	White River Group Stock Index Option Writing Strategy	1.01	11/1/2008
9	Liberty Funds Group, Inc Liberty Diversified Option Strategy	0.94	1/1/2009
10	Warrington Asset Management Warrington Strategic Program	0.53	1/1/1997
11	Insignia Managed Capital Epoch3	0.00	7/1/2009
12	LJM Partners LJM Preservation & Growth Strategy	-4.22	5/1/2006
13	LJM Partners LJM Moderately Aggressive Strategy	-4.26	4/1/2003
14	Bluenose Capital Management, LLC BNC BI	-5.77	10/1/2008
15	ITB Capital Management, LLC ITB Premium Fund I, LTD	-5.88	1/1/2006
16	LJM Partners LJM Aggressive Strategy	-6.72	7/1/1998
17	ITB Capital Management, LLC ITB Capital Income Fund I, LTD	-9.94	1/1/2007
18	Bluenose Capital Management, LLC BNC EI	-9.98	7/1/2010
19	ITB Capital Advisors LLC ITB Time Value Trading Program	-12.66	1/1/2009