Summary

-FX Global Yield Program. The FX Global Yield Program is an actively managed currency trading program. Waypoint relies on both fundamental and technical information as the basis for its trading decisions in the FX Global Yield Program. The primary objective of the trading program is to position in the most attractive regionally hedged currency pairs utilizing a proprietary matrix of yield, fundamental, and technical inputs. The program attempts to profit from both carry and spot appreciation of higher yielding currencies in such a way that the portfolio is protected from periods of adverse movements in spot levels currency markets.