-The Global Futures Program trades equity index futures contracts across global markets. The fund has no broad directional bias (trades long and short) but instead, uses quantitative models that seek to take advantage of developing price trends. The models are designed to identify price patterns that suggest future trending potential, based on such factors as price breakouts, patterns, momentum, or mean reversion. Some of the possible input factors considered include volatility levels, intermarket relationships, and momentum. The daily decision making process is completely automated with an average position held for less than 2 days.