Hedge Fund and CTA Performance - 2009

[Dacamic]

The following CASAM/CISDM Index results -- presented without burden or bias from my commentary -- are annualized returns for the five years ending December 31, 2009:

Hedge Fund
Equal Weighted Hedge Fund Index: 6.69%
Equity Long/Short Index: 5.38%

Fund of Funds
Fund of Funds Index: 2.93%

CTA
Asset Weighted Index: 6.91%
Asset Weighted Currency Index: 3.26%
Asset Weighted Equity Index: 11.75%
Asset Weighted Financials Index: 7.05%
Asset Weighted Physicals Index: -1.20%
Asset Weighted Discretionary Index: 10.31%
Asset Weighted Systematic Index: 6.82%