Capital Trading Group

Rankings by Calmar Ratio
For Traders Reporting Results as of Thursday, March 11, 2010

Untitled Document

Rank	Manager	3 Year Calmar Ratio	3 Year Annualized ROR	3 Year Maximum Drawdown	Assets Under Mgt Millions	Minimum Investment
1	Tri Global FX Metro Forex Inc. Managed Accounts	11.22	21.57%	-1.92%	113.26	1,000,000
2	GT Consulting Inc GT Dynamic Trading (P)	8.58	39.57%	-4.61%	1.20	150,000
3	Hyman Beck & Company Volatility Analytics Portfolio	3.33	6.31%	-1.90%	126.62	1,000,000
4	Becker Asset Mgt, LLC Program 1 (Proprietary)	2.59	31.48%	-12.15%	0.45	200,000
5	Eickelberg & Associates, Inc. Stock Index Option Program	2.53	10.90%	-4.30%	5.00	1,000,000
6	Mobius Asset Mgt Energy Weighted Program	2.51	11.40%	-4.54%	4.80	250,000
7	Paskewitz Asset Mgt Contrarian 3X S&P Prg	2.33	26.29%	-11.30%	314.15	1,000,000
8	MIGFX Institutional Program	2.27	13.18%	-5.81%	25.00	1,000,000
9	MIGFX Retail Program	2.12	21.99%	-10.36%	13.00	100,000
10	Financial Commodity Investments (FCI) Credit Premium Program	2.07	22.08%	-10.64%	11.91	50,000
11	Integrated Managed Futures IMFC Global Investment Program	2.06	21.60%	-10.47%	14.90	2,000,000
12	Swing Capital Swing FX	1.85	12.63%	-6.83%	54.00	1,000,000
13	Global Advisors LP Global Commodity Systematic Class	1.76	9.57%	-5.45%	308.24	8,000,000
14	TYL Trading, LLC Blend Diversified Program	1.74	14.01%	-8.04%	14.20	100,000
15	Hansen Capital Mgt, Inc Managed Account Program	1.70	10.90%	-6.41%	16.27	2,000,000
16	Heyden & Steindl TOMAC 2	1.68	29.83%	-17.76%	62.00	3,000,000
17	Rhicon Currency Mgt (UK) Ltd Rhicon Strategic Program	1.61	7.08%	-4.39%	360.00	5,000,000
18	Red Rock Capital Mgt, Inc. Diversified Program	1.61	18.86%	-11.71%	5.74	500,000
19	Quantitative Investment Mgt LLC Global Program	1.59	13.84%	-8.70%	4,374.92	20,000,000
20	Saxon Investment Corp Aggressive Diversified Program	1.58	31.73%	-20.05%	58.50	2,000,000
21	Aurora Futures Corp Foreign Exchange Asset Mgt Prg	1.53	10.32%	-6.73%	1.84	100,000
22	Scully Capital Mgt, LLC Poniente Program	1.46	28.89%	-19.76%	14.62	2,500,000
23	Rivoli Fund Management Rivoli International V9 (MAP)	1.45	11.42%	-7.85%	29.59	5,000,000
24	Dreiss Research Corp Diversified Program	1.45	32.46%	-22.42%	0.65	500,000
25	NDX Capital Mgmt Shadrach Program	1.44	19.62%	-13.66%	29.20	100,000
26	Abraham Trading Company Diversified Program	1.40	14.69%	-10.49%	502.17	10,000,000
27	Reynoso Asset Mgt, LLC Options Arbitrage Program	1.39	11.39%	-8.21%	2.61	1,000,000
28	Saxon Investment Corp Diversified Program	1.36	17.65%	-12.97%	12.50	2,000,000
29	DMH Futures Management, LLC MAP (C)	1.33	13.50%	-10.18%	4.00	100,000
30	Cypress Capital Management, LLC Classic Program (P)	1.30	15.09%	-11.62%	5.60	250,000
31	Scully Capital Mgt, LLC Mistral Program	1.29	27.50%	-21.26%	18.97	2,500,000
32	Vaca Capital Mgt, LLC Global Diversified Program	1.27	16.72%	-13.12%	10.10	1,000,000
33	RAM Management Grp, Ltd MRTP 1X Conservative Program	1.26	12.50%	-9.92%	20.94	750,000
34	Beach Horizon LLP MAP	1.24	19.18%	-15.43%	256.00	5,000,000
35	Dominion Capital Mgt, Inc. Sapphire Program	1.22	10.59%	-8.71%	70.00	3,000,000
36	RAM Management Grp, Ltd MRTP Aggressive Program	1.21	35.84%	-29.60%	2.98	250,000
37	Winton Capital Mgt Ltd Diversified Programme	1.20	11.56%	-9.65%	4,100.00	10,000,000
38	NDX Capital Mgmt Abednego Program	1.14	6.80%	-5.97%	16.24	100,000
39	Rivoli Fund Management Rivoli International Fund (MAP)	1.14	16.70%	-14.67%	88.39	5,000,000
40	Tactical Investment Mgt Corp Institutional Commodity Program	1.14	25.28%	-22.23%	39.57	2,000,000
41	Emil Van Essen Spread Trading High Minimum	1.13	40.58%	-35.90%	115.40	2,000,000
42	Clarke Capital Mgt, Inc. Worldwide Program	1.12	29.10%	-26.05%	19.50	250,000
43	Cervino Capital Management LLC Diversified Options Strategy 1X	1.10	6.52%	-5.93%	2.00	50,000
44	Hawksbill Capital Mgt Global Diversified Program	1.01	32.06%	-31.64%	53.70	5,000,000
45	Systematic Alpha Management, LLC Futures MAP	0.99	9.39%	-9.44%	203.50	5,000,000
46	Adalpha Asset Management, LLC Diversified Short-Term (P)	0.99	9.94%	-10.03%	2.78	1,000,000
47	Estlander & Ronnlund Capital Mgt Ltd Alpha Trend	0.99	11.91%	-12.04%	231.70	10,000,000
48	Alder Capital Alder Capital 10	0.98	6.91%	-7.08%	34.00	2,000,000
49	Emil Van Essen Spread Trading Low Minimum	0.97	34.89%	-35.90%	14.10	500,000
50	KMJ Capital LLC KMJ Currency Program	0.93	5.79%	-6.24%	12.00	1,000,000
51	Northfield Trading L.P. Diversified Program	0.92	9.98%	-10.85%	232.10	2,000,000
52	Marathon Capital Growth Partners L.L.C. System Diversified Portfolio (Proprietary)	0.91	12.98%	-14.25%	40.82	1,000,000
53	Waypoint Capital Management Diversified Futures	0.91	14.85%	-16.40%	43.41	1,500,000
54	DMH Futures Management, LLC MAP (P)	0.90	11.23%	-12.45%	4.00	100,000
55	NuWave Investment Management, LLC Combined Futures Portfolio (2x)	0.90	12.53%	-13.91%	604.75	20,000,000
56	John W. Henry & Company Financial Plus (P)	0.89	9.91%	-11.12%	10.00	20,000,000
57	Lane Capital Mgt, LLC Global Macro	0.88	19.55%	-22.09%	1.00	350,000
58	FTC Capital GmbH, Austria FTC Futures Fund Dynamic	0.86	18.52%	-21.52%	22.77	100,000
59	Hyman Beck & Company Global Portfolio	0.83	12.75%	-15.31%	437.59	1,000,000
60	Transtrend B.V. DTP - Enhanced Risk (EUR)	0.82	12.19%	-14.96%	869.00	10,000,000
61	Mobius Asset Mgt Diversified Program	0.81	7.89%	-9.79%	5.00	300,000
62	Robinson-Langley Capital Mgt, LLC RL Capital MAP	0.80	13.05%	-16.35%	9.70	200,000
63	Altis Partners (Jersey) Limited Altis Global Futures Portfolio - Composite	0.80	18.75%	-23.58%	1,336.00	10,000,000
64	John Locke Investments Cyril Systematic USD	0.79	10.89%	-13.76%	29.92	15,000,000
65	Transtrend B.V. DTP - Enhanced Risk (USD)	0.78	11.89%	-15.15%	4,370.00	10,000,000
66	Drury Capital, Inc. Diversified Trend-Following	0.76	23.23%	-30.38%	171.77	100,000
67	Revolution Capital Mgt LLC Mosaic Institutional Program	0.75	13.56%	-18.08%	553.00	10,000,000
68	FTC Capital GmbH, Vienna FTC Futures Fund Classic	0.75	12.83%	-17.11%	77.99	100,000
69	Quality Capital Management Global Diversified Prg (GDP)	0.73	16.27%	-22.24%	588.00	10,000,000
70	Hansen Capital Mgt, Inc Comprehensive Program	0.69	7.77%	-11.18%	23.32	2,000,000
71	Revolution Capital Mgt LLC Mosaic Program	0.69	29.93%	-43.22%	95.00	10,000,000
72	Transtrend B.V. DTP - Standard Risk (USD)	0.69	7.55%	-10.92%	105.00	10,000,000
73	Transtrend B.V. DTP - Enhanced Risk (JPY)	0.69	10.49%	-15.31%	42,699.00	10,000,000
74	District Capital Mgt Diversified Program	0.69	31.76%	-46.37%	5.94	150,000
75	District Capital Mgt Select Program	0.68	21.91%	-32.06%	0.00	250,000
76	Rivercast Capital LLC Managed Account Program	0.68	14.49%	-21.27%	0.00	1,000,000
77	Transtrend B.V. DTP - Standard Risk (EUR)	0.68	7.17%	-10.59%	633.00	10,000,000
78	Red Oak Advisors, Inc. Fundamental Program	0.67	14.71%	-21.91%	36.31	5,000,000
79	Guarda Capital Mgt, Inc. Low-Volatility Institutional Program	0.66	13.79%	-21.04%	42.25	2,000,000
80	2100 Xenon Group LLC 2100 Xenon Managed Futures (2x) Program	0.65	11.71%	-18.04%	42.97	5,000,000
81	Alder Capital Alder Capital 20	0.62	9.81%	-15.80%	334.00	1,000,000
82	Eckhardt Trading Company Standard Program	0.62	9.70%	-15.64%	362.80	10,000,000
83	2100 Xenon Group LLC Long/Short Global Fixed Income	0.61	4.37%	-7.13%	17.19	2,000,000
84	SSARIS Advisors, LLC Short Term Momentum Strategy	0.61	15.02%	-24.55%	25.46	5,000,000
85	John Locke Investments Cyril Systematic Euro	0.61	8.75%	-14.37%	41.12	15,000,000
86	Tamarkin Managed Futures LLC Managed Account Program (P)	0.61	14.02%	-23.08%	0.03	1,000,000
87	John W. Henry & Company Global Analytics	0.61	18.47%	-30.50%	99.26	20,000,000
88	Mobius Asset Mgt Custom Program	0.58	12.02%	-20.73%	12.00	75,000
89	Eckhardt Trading Company Standard HL Program	0.57	10.62%	-18.53%	175.40	10,000,000
90	2100 Xenon Group LLC 2100 Xenon Managed Futures Program	0.54	4.74%	-8.75%	13.43	10,000,000
91	Clarke Capital Mgt, Inc. Global Basic Program	0.53	17.31%	-32.60%	20.90	50,000
92	Briarwood Capital Mgt, Inc Diversified Trading Program	0.53	5.42%	-10.28%	225.58	2,000,000
93	Marathon Capital Growth Partners L.L.C. The CFE Portfolio	0.52	4.42%	-8.50%	11.13	1,000,000
94	Sunrise Capital Mgt, Inc Expanded Diversified Program	0.51	9.87%	-19.32%	769.58	10,000,000
95	Marathon Capital Growth Partners L.L.C. System FX Portfolio	0.49	3.46%	-7.01%	10.00	1,000,000
96	SSARIS Advisors, LLC Diversified Trading Program	0.49	15.15%	-30.74%	28.00	5,000,000
97	Valu-Trac Investment Mgt Ltd Strategic US$	0.49	7.25%	-14.85%	139.55	1,000,000
98	Fall River Capital LLC Global Strategies STD Program	0.48	5.29%	-11.05%	29.13	1,000,000
99	Arch Capital Mgt, Inc. 1X Program	0.47	4.84%	-10.30%	1.20	100,000
100	JPD Enterprises, Inc. Global Diversified Program	0.46	5.26%	-11.41%	12.48	3,000,000

Excerpts from "Building Wealth with Managed Futures"

Annualized Compound Rate of Return: "...the higher the Rate of Return, the great the historical annual rate of performance."

Annualized Standard Deviation: "indicates variance of return from the mean return.."

Annualized Sharpe Ratio: "a rusk-adjusted return statistic calcuated using a 5.0% Risk-Free Rate of Return."

Downside Deviation: "Measures downside volatility by only including monthly performance less than a 7.5% Minimal Acceptable Rate of Return."

Annualized Sortino Ratio "considers excess return over Minimum Acceptable Rate of Return (7.50%) and divides it by Downside Deviation."

Sterling Ratio "a rusk-adjusted return statistic calcuated using the last 36 months of data."

Calmar Ratio -"...represents the historical amount gained for each dollar risked � it is calculated over the last 36 month period."

PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE SUCCESS

THE RISK OF TRADING COMMODITY FUTURES, OPTIONS AND FOREIGN EXCHANGE ("FOREX") IS SUBSTANTIAL. THE HIGH DEGREE OF LEVERAGE ASSOCIATED WITH COMMODITY FUTURES, OPTIONS AND FOREX CAN WORK AGAINST YOU AS WELL AS FOR YOU. THIS HIGH DEGREE OF LEVERAGE CAN RESULT IN SUBSTANTIAL LOSSES, AS WELL AS GAINS. YOU SHOULD CAREFULLY CONSIDER WHETHER COMMODITY FUTURES, OPTIONS AND FOREX IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IF YOU ARE UNSURE YOU SHOULD SEEK PROFESSIONAL ADVICE. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. IN SOME CASES MANAGED ACCOUNTS ARE CHARGED SUBSTANTIAL COMMISSIONS AND ADVISORY FEES. THOSE ACCOUNTS SUBJECT TO THESE CHARGES, MAY NEED TO MAKE SUBSTANTIAL TRADING PROFITS JUST TO AVOID DEPLETION OF THEIR ASSETS. EACH COMMODITY TRADING ADVISOR ("CTA") IS REQUIRED BY THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") TO ISSUE TO PROSPECTIVE CLIENTS A RISK DISCLOSURE DOCUMENT OUTLINING THESE FEES, CONFLICTS OF INTEREST AND OTHER ASSOCIATED RISKS.

PROSPECTIVE CLIENTS SHOULD NOT BASE THEIR DECISION ON INVESTING IN THIS TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED. ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, PROSPECTIVE CLIENTS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY.

THE ABOVE PERFORMANCE NUMBERS HAVE BEEN SUPPLIED BY THE CTAS. CAPITAL TRADING GROUP, IN NO WAY GUARANTEES THE ACCURACY OF THESE NUMBERS AND HAS SUPPLIED THEM TO YOU FOR INFORMATIONAL PURPOSES ONLY. THIS DOES NOT CONSTITUTE A SOLICITATION TO BUY OR AN OFFER TO SELL. NO INVESTMENT SHOULD BE MADE WITHOUT FULLY REVIEWING THE ASSOCIATED RISK FACTORS, FEES AND CONFLICTS OF INTEREST AS OUTLINED IN EACH CTA'S RISK DISCLOSURE DOCUMENT. THERE MAY BE CTAS WHO HAVE CHOSEN NOT TO PARTICIPATE THAT MAY HAVE BETTER OR WORSE PERFORMANCE THAN THOSE LISTED HERE.

PLEASE NOTE THAT THERE IS AN INHERENT RISK OF LOSS ASSOCIATED WITH TRADING FUTURES AND OPTIONS CONTRACTS. PLEASE CAREFULLY CONSIDER YOUR FINANCIAL CONDITION BEFORE INVESTING IN FUTURES AND OPTIONS CONTRACTS. FUTURES TRADING IS NOT SUITABLE FOR ALL INVESTORS.