Forex CTAs Blends

FOREX MANAGERS

DISCLAIMER: Forex trading involves substantial risk. The valuation of Forex may fluctuate, and as a result, clients may lose more than their original investment. In no event should the content of this correspondence be construed as an express or an implied promise, guarantee or implication by or from ForexCTAs.com that you will profit or that losses can or will be limited in any manner whatsoever. Past results are not necessarily an indication of future performance. Information provided in this correspondence is intended solely for informative purposes and is obtained from sources believed to be reliable. This information is developed and intended strictly for the sole use of our clients and/or industry professionals only. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Blends

On 100k in cash, allocations as Follows: 100k Alderon, 100k Skibo, 100k Plimsoll

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

Monthly Performance (%)

	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEP	OCT	NOV	DEC	YEAR
2006	7.36	18.98	7.13	2.36	5.83	10.82	(0.13)	3.12					69.19
2005	(0.95)	0.37	2.69	5.27	11.14	0.57	4.10	2.61	3.96	5.06	3.73	0.81	46.55
2004	12.09	7.57	9.88	8.99	(1.95)	4.81	1.91	3.68	7.27	4.12	5.09	12.92	107.81
2003	0.00	0.00	3.00	1.30	4.82	8.93	11.35	12.81	6.48	18.03	2.29	5.54	103.04

Statistics

Annualized Return	71.56
Max Monthly Drawdown	-1.95%
Correlation - S&P 500	0.21
Annualized Sharpe	4.02
Avg Monthly Return	5.42
# winning Months	38
# losing months	3

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

THE PERFORMANCE USED IN THIS PORTFOLIO ARE EACH MANAGER'S ACTUAL PERFORMANCE RETURNS ON CLIENT FUNDS. THE MANAGERS HAVE NOT ACTUALLY BEEN TRADED TOGETHER AS SHOWN ABOVE MEANING THE PERFORMANCE FIGURES LISTED ABOVE ARE HYPOTHETICAL.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.