Outstanding Returns

• Some managers have produced profits of 50% and more annually.*
• All reported historical returns are net of fees and commissions.
• Cash balances are invested in interest earning Treasury Bills.

  *  Past performance is not necessarily indicative of future results. 
  The risk of loss trading commodity futures can be substantial.

Proven Long Term Track Record

• Allows you to define your level of risk.
• Allows you to see exactly what a Manager has returned in the past.

Incentive Based and Discounted Commissions

• Professional Futures Managers work on an incentive basis. They make money only when you do ! **
• TraderView offers discount commissions and order execution on domestic and foreign exchanges

Other Advantages of Managed Futures Accounts

• Offer high rates of return with carefully monitored risk management.
• Are non-correlated asset class to many other traditional investments.
• Significantly reduces the entire portfoilo's volatility while enhancing the overall rate of return when combined with a traditional stock and bond portfolio.

**  Some managers charge a management fee ranging from two (2) to six (6) percent annually.  Before incentive fees can be earned all management fees commissions or trading losses must be repaid through trading gains.  Incentive Fees are paid on new high equity only.

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As the global marketplace evolves at the fastest rate in history unprecedented profit opportunities emerge around the world. The collapse of the Iron Curtain and the end of the Cold War has allowed the influence of Western economic and political systems to take hold, creating market economies in Eastern Europe, Asia, South America and the Russian Republics.
  
These economies, struggling to compete with the rest of the world, are causing massive changes in world wide supply and demand for commodity and financial products.   In order to deal with the dynamics of such changes and deal with the needs these economies demand, futures exchanges are being created all over the world.
  
As the futures industry grows front continent to continent, governments and regulators work hand in hand to create the global infrastructure required, allowing investors to continue to seek opportunities across the globe.

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In the past, the American economy was unique in the opportunities it provided to investors.   Several developments, however, have changed this status:

• The failure of socialism and the end of the Cold War
• The emergence of market economies in developing nations
• International telecommunication and computer networks
• Lower financial & industrial trade barriers
• Expanded & cost effective use of technology
• The development of "instantaneous" communications, such as faxing, satellite transmissions, overnight carriers, the Internet.

These developments have led to changes in the ways we do business:

• 24-Hour marketplace with international money flow
• Instant availability of domestic and foreign information
• Easy access to international markets and investment products
• Increased foreign investments in the United States
• Increased United States investment in the international community

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Domestic and international futures markets provide investors efficient access to markets unavailable in traditional investment portfolios.

Managed futures offers essential portfolio diversification, providing to access to an array of markets and contacts.  A few examples are:

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As the global marketplace develops so do the needs of the investor to create proper portfolio diversification.  Until recently, traditional investment vehicles such as stocks, bonds and real estate seemed to be sufficient for adequate diversification. With new emerging markets opening up, however, economic forces from around the world can now combine to significantly influence your investment portfolio performance.  Traditional approaches to investing, therefore, are no longer enough to endure proper, necessary balance to achieve maximum safety, diversification, and return.

Today's modern portfolio, theory and management requires the addition of global markets (equities, futures and commodities, and financial instruments) to complete a portfolio mix.  That is the reason why a record number of individuals, institutions, pension funds and professional portfolio managers are turning to professionally managed futures.

Some of the best benefits include:

Proven long-term track records Risk reduction and return enhancement through modern portfolio diversification An investment that can capitalize on rising and falling market conditions The leverage necessary to allow investors high rates of return combined with the same risk associated with that of a high quality stock Access to global markets in a cost effective and efficient manner Professional risk management Low correlation to stock and bond performance

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The conclusion that managed futures should be included in traditional portfolios of stocks and bonds was initially reported in a 1983 study conducted by Dr. John E. Lintner, a Harvard Business School professor of finance.   Dr. Lintner' s study stated that, by including managed futures in an investment portfolio,

"... reduces volatility while enhancing returns" and that such portfolios "show substantially less risk at every level of expected return than portfolios of stock (stocks and bonds) alone.''

More recently, Dr. Thomas Schneeweis conducted a study completed in June 1997 entitled ''The Benefits of Managed Futures."  Dr. Schneeweis, a professor of finance at the University of Massachusetts, built upon Dr. Lintner’s work and conclusions by including new performance data generated from 1985 to 1995.

His study provides the supporting information to conclude that the inclusion of managed futures in traditional investment portfolios can achieve the following benefits:

1. The reduction of portfolio volatility risk, and the enhancement of returns
2. Managed futures trade in markets which offer investors the same market integrity and safety as stock and bond markets.
3. Managed futures are no more risky than traditional equity investment.
4. The special benefits of managed futures are derived from the risk and return opportunities that managed futures offer as additions to traditional stock and bond investment

As stated by Dr. Schneeweis,

"Simply put, the logical extension of using investment managers with specialized knowledge of traditional markets to obtain maximum return/risk:  tradeoffs is to add specialized managers who can obtain the unique returns in market conditions and types of markets not generally available to traditional asset managers; that is managed futures."

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Financial experts around the world have come to recognize the value of managed futures as a part of overall modern portfolio management.   Professional futures money managers (Commodity Trading Advisors) are becoming an increasingly important component in the overall performance and stability of investment portfolios worldwide.

Growing numbers of individuals, pension funds, institutions, banks and municipalities have effectively included professionally managed futures as an important new asset class to compliment their traditional portfolios (stocks, bonds, real estate etc.)  The massive growth patterns in Europe, Asia and South America show that this trend is not confined to the United States.

With such strong levels of acceptance here and abroad, TraderView's "Professional Asset Management Services" is poised to be a leader in the managed future industry.

TraderView's commitment is to bring you innovative investment products and services, and includes knowing and offering:

• Single and multi-Advisor portfolios
• Worldwide trading and order execution capabilities
• Managed future research
• US Exchange clearing memberships
• Custom back office support
• Professional & experienced account executives

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Recent tremendous growth in the US stock and bond markets can be attributed, at least in part, to the changing scope of the international marketplace as we approach the new century.  From the famous "Black Monday" in October 1987 to the record breaking highs of 1997, major events in stocks and bonds continue to occur, interest rates which approached 20% in the early 1980's contrast today's low inflation environment, forcing many investors in the United States to reevaluate the strategies they use when they invest their portfolios.  
  
To that end, diversification and non-correlation of investment vehicles have become more important than ever in creating successful investment plans.  Traditional safe havens such as banks and treasury securities no longer can meet the needs of the average investor.  The combination of inflation and taxes have effectively reduced the "no risk" portion of investment portfolios. 
  
Safety and performance are now generated through the proper diversification of investment assets.

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Working closely with a TraderView managed account specialist will enable you to learn about a wide spectrum of professionals who meet our demanding criteria.  Before a CTA is ever presented to you, they must meet the highest standards.

As managed futures specialists, we track the results of both established and up-and-coming Commodity Trading Advisors (CTAs).  We have found that combining both types of CTAs into a portfolio allows the client to have stability while still benefiting from the explosive growth potential of an emerging talent.

In order to design a customized portfolio management solution which fits your investment situation, extensive analysis is required.   The result of the analysis is a single or blended advisor structure capable of meeting your objectives.

The highlights of the screening and analysis program include:

• Initial screening is performed by developing a client profile and correlating it with the rankings and statistical performance measurements detailed in Daniel B. Stark and Company's "Star 300".
    
  
• Further screening involves evaluation of several qualitative and quantitative variables:
    
      Management styles employed
      Track record
      Risk management policies
      Types of markets traded
      Experience profile
      Operational procedures
    
  
• TraderView works closely with clients to develop a final selection of advisors compatible with the client's goals, risk tolerance and existing portfolio. Asset allocation models and correlation models are used to determine the optimal advisor combination

Accounts are opened with Rosenthal Collins Group, LLC a Futures Commission Merchant (FCM) and clearing member of all major exchanges in the U.S., and a member of the Deutsche Terminborse/Germany. Rosenthal Collins Group offers discount commissions and order execution on all domestic and foreign exchanges.

Portfolios are continuously monitored to observe whether the performance and risk parameters established by the investor are being met.   A dynamic management philosophy is essential to long term investment success.

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TraderView has participated in the tremendous growth that futures have undergone in the global marketplace. This growth demands service, which includes a 24-hour format and the facilities to execute a trade within seconds at any exchange in the world.

TraderView has accepted the challenge of an ever-changing worldwide marketplace and is ready to serve you, the customer. TraderView's 24-hour facilities are staffed by a strong, experienced team that delivers the services and execution upon which you can rely.

We insist upon the highest standards of professionalism and integrity from all our operation centers. Our professional floor traders, back office and order desk perform their duties in a timely and precise manner. These abilities are appreciated by our "local" clientele as well as our large individual, institutional and Commodity Trading Advisor accounts.

TraderView's corporate motto is simple:

"We don't want to be the biggest in the futures industry,
we want to be the best."

We recognize the need for a clearing firm to provide the individual, institutional and professional trader with the type of service and commitment necessary to prosper in this business. From the very beginning, TraderView has built a knowledgeable, experienced operation, which values the importance of the customer.

Rosenthal Collins Group, LLC is a registered clearing member of all major exchanges in the United States, and a member of the Deutsche Terminborse (CTB), and a registered Futures Commission Merchant (FCM) with both the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA).

Services provided by Rosenthal Collins Group include:

• Fully staffed, 24-hour trading desk
• Electronic trading
• Execution services worldwide, on all major domestic & int'l futures exchanges
• Exchange for Physicals (EFPs)
• Professional asset management services, including
      Professionally managed futures accounts (CTA's)
      Single and blended multi-advisor portfolios
  
• CTA/Institutional desk
• Direct floor access for qualified traders

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Full customer service in managed futures includes:

Advice in selecting commodities traders
Help clients narrow the field of choices by matching managed futures investment objectives to the client's objectives.

Educating clients
Clarify the purpose and fundamentals of investing in professionally managed futures.

Monitoring investments
Keep clients apprised of performance and compliance with established guidelines.

Reassuring through tough times
Help clients stay the course, address concerns and questions, and emphasize patience during downturns.

Providing expertise
Offer experience and knowledge to clients about investing in managed futures, and the futures markets.

Identifying needs and setting goals
Understand client's needs and investment philosophy; help clients set goals; remind clients of their commitment to and importance of goals.

Communicating regularly
Staying in touch with regular calls and written correspondence.

Servicing
Monitoring Commodity Trading Advisors and the portfolios they control: and troubleshoot as needed.

Advising
Give guidance suited to a customer’s qualification.

Working with risk
Help clients determine risk tolerance and match client's risk level with proper Commodity Trading Advisor to minimize risk.

Allocating assets
Advise clients on how to balance and diversify among different Commodity Trading Advisors within a managed portfolio.

Providing research
Apply specialized capabilities and information available to research Commodity Trading Advisors and their programs.

Developing relationships
Build trust by knowing the client personally and establishing rapport and comfort level through the demonstration of professional expertise.

** Past performance is not necessarily indicative of future results. The risk of loss trading commodity futures can be substantial.

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