Summary

-In 1998, Steve Carruthers received a Masters of Business Administration degree from Nyenrode University in the Netherlands. During that period, Mr. Carruthers began research into technical trading methods. After moving to the United States in 2002, Mr. Carruthers began trading currency futures and concentrated his research efforts on systematic trading. From March 2003 until June 2003, Steve Carruthers was registered as an Investment Advisor with AXA Advisors and left to form Fuimus Financial LLC where he continued his research into quantitative methodologies. From February 2004 to present, Mr. Carruthers has been registered as an Investment Advisor for Fuimus Financial LLC with FINRA and Washington State Securities Division, where he has developed a proprietary model for trading a diversified basket of commodities. Detailed records of that model known as Zentrender have been kept since September of 2006 to the present. Fuimus Financial and Steve Carruthers are registered as a CTA with the NFA.