Summary

-Chesapeake Capital Corporation, "Chesapeake," a global investment manager headquartered in Richmond, Virginia, was formed in 1988 by R. Jerry Parker Jr. to provide investment and portfolio management services to both private and institutional investors worldwide. Mr. Parker began his portfolio management career in 1983 when he was accepted into the "Turtle Program", a select investment training program developed by a successful Chicago portfolio manager. When the program ended in 1988, after almost five years of trading proprietary capital, Mr. Parker decided to continue his professional money management career by forming Chesapeake. Chesapeake"s specialized investment approach offers investors the potential to participate in, and profit from, price trends not typically available through traditional portfolio strategies. Chesapeake"s investment portfolios are not biased toward long or short positions and, therefore, can profit in both rising and falling market environments. Chesapeake actively monitors, and has the potential to invest in, over 90 markets worldwide. These can range from tangible assets, such as coffee, crude oil and gold to global financial instruments, such as German government bonds, U.S. stock indices and global currencies. Through global diversification and an investment style that historically has been non-correlated to the traditional investment approaches, Chesapeake has the potential to enhance a client"s overall portfolio returns, while decreasing portfolio volatility. Chesapeake Capital has been registered as a commodity trading advisor ("CTA") and as a commodity pool operator ("CPO") with the Commodity Futures Trading Commission ("CFTC") since June 20, 1988 and May 8,1991, respectively, and has also been a member in good standing of the National Futures Association ("NFA") since June 20,1988.