Dear Steven Michael, Congratulations! We are pleased to announce that Stonehenge Capital Management has ranked # 1 in the Currency Traders Managing More Than $10M category for March 2009.  Barclay Hedge Alternative Investments compiles a database and performs analysis of performance on several money managers.  The information contained in the database including investment returns, valuations, fund targets and strategies, has been supplied by the funds or their agents and although believed to be reliable, has not been independently verified and cannot be guaranteed.  Barclays makes no representations or warranties as to the accuracy or completeness of this information.   Trading in foreign exchange carries a high level of risk and may not be suitable for all investors and there is a possibility that one could sustain a loss of all of their investment. Therefore, assets placed under management should be risk capital funds that if lost will not significantly affect one's personal financial well being. Forex trading is conducted off-exchange.

*This hedge fund was ranked based on the Barclay CTA database Past results are not necessarily indicative of future results

Some things have stood the test of time withstanding the forces upon them for centuries, while other things here today and gone tomorrow. Today, the global financial markets and the forces that drive them are in a continual state of flux. The increasing globalization of companies and economies over the recent years has changed the “Traditional Portfolio Theory” understanding of what constitutes diversification. Research pioneered by notable figures such as Harry Markowitz, William Sharpe,  and the late Harvard University professor Dr. John Lintner have shown that a diversified portfolio of professionally managed leveraged, non-correlated, global derivatives along with the traditional asset classes resulted in a less volatile and more profitable portfolio than stocks and bonds alone. Their ideas have evolved into what is now known as “Modern Portfolio Theory”. As currencies are a key component of the global derivatives market, exposure in this specific asset class (currencies) is now commonly used to achieve a portion of this diversification.

 We  trade the foreign exchange markets. The value of a currency involves almost every revenue or expenditure a nation may have. Some of these nations revenues and expenditures include, natural resource, stock markets, local economies, tax revenues, even assets as small as parking tickets. You are not making a direct investment in any one of these resources and assets but instead investing in its entirety via the value of the currency.