8/21/2008

G/L	10d,Theta	10d,65%VAR	10d,95%VAR	10d,99%VAR

1.0%	1.0%	1.2%	6.8%	16.5%

August 2008 Result

August 2008 Return: 2.4%

Low risk, low return. Account is stable.

7/24/2008

G/L	10d,Theta	10d,65%VAR	10d,95%VAR	10d,99%VAR

0.2%	0.5%	0.6%	3.5%	8.0%

July 2008 Result

July 2008 Return: -0.3%

Market is extremely volatile this month.

Fortunately, the market rebounded/stabilized right before end of the month. Final return is -0.3%, helped by tight risk control.

June 2008 Result

Jun 2008 Return: 0.0%

This is not bad result considering the market was mostly moving down this month.

Initial Position for June 2008

G/L	10d,Theta	10d,65%VAR	10d,95%VAR	10d,99%VAR

0.0%	1.3%	0.4%	5.8%	16.2%

May 2008 Result

May 2008 Return: 6.6%

04/28/2008

G/L	10d,Theta	10d,65%VAR	10d,95%VAR	10d,99%VAR

1.4%	2.7%	0.2%	10.7%	33.0%