Short-term $ Medium-term trading strategies
Trading
Medium
|
From
|
To
|
Basis
Points**
|
Conversion
Rate
|
Annualised
(%)
|
EUR/$
|
13/01/10
|
17/12/10
|
+1090
|
1.3150
|
+8.9%
|
GOLD
|
12/01/10
|
16/12/10
|
+25240
|
1375.00
|
+19.7%
|
OIL-x
|
13/01/10
|
17/12/10
|
+1803
|
88.00
|
+22.0%
|
S&P-z
|
13/01/10
|
17/12/10
|
+21900
|
1238.00
|
+19.1%
|
GBP/$
|
18/01/10
|
17/12/10
|
+535
|
1.5500
|
+3.7%
|
AUD/$
|
12/09/10
|
17/12/10
|
-309
|
0.9875
|
-3.5%
|
EU/JY
|
13/01/10
|
12/05/10
|
+94
|
110.50
|
+3.6%
|
EU/AU
|
14/01/10
|
30/11/10
|
+60
|
1.3300
|
+12.3%
|
$/ZAR
|
17/11/10
|
25/10/10
|
+570
|
6.8700
|
+1.0%
|
Overall weighted annualized average for the Short & Medium-term Trading Portfolio:
+9.1%
Short-term $ Medium-term trading strategies
Trading
Medium
|
From
|
To
|
Basis
Points**
|
Conversion
Rate
|
Annualised
(%)
|
EUR/$
|
12/01/09
|
18/12/09
|
+1030
|
1.4285
|
+7.1%
|
AUD/$
|
07/09/09
|
18/12/09
|
+110
|
0.8855
|
+5.4%
|
EU/JY
|
12/01/09
|
18/12/09
|
+2182
|
129.40
|
+16.7%
|
GOLD
|
12/01/09
|
18/12/09
|
+22940
|
1100.00
|
+20.8%
|
OIL-x
|
12/01/09
|
18/12/09
|
+3902
|
73.00
|
+53.4%
|
S&P-z
|
12/01/09
|
18/12/09
|
+20962
|
1102.50
|
+19.0%
|
Short-term $ Medium-term trading strategies
Trading
Medium
|
From
|
To
|
Basis
Points**
|
Conversion
Rate
|
Annualised
(%)
|
EUR/$
|
07/01/08
|
19/12/08
|
+1368
|
1.3920
|
+9.8%
|
EU/JY
|
07/01/08
|
19/12/08
|
+2635
|
124.10
|
+21.2%
|
GBP/$
|
07/01/08
|
19/12/08
|
+1651
|
1.4940
|
+11.0%
|
GOLD
|
07/01/08
|
19/12/08
|
+27520
|
837.25
|
+30.4%
|
S&P-z
|
07/01/08
|
19/12/08
|
+46950
|
881.50
|
+53.2%
|
Overall weighted annualized average for the Short & Medium-term Trading Portfolio:+19.2%
Short-term trading strategies
Trading
Medium
|
From
|
To
|
Basis
Points**
|
Conversion
Rate
|
Annualised
(%)
|
EUR/$
|
08/01/07
|
17/08/07
|
+1121
|
1.3500
|
+13.7%
|
$/JPY
|
08/01/07
|
17/08/07
|
+992
|
113.35
|
+12.6%
|
GBP/$
|
08/01/07
|
17/08/07
|
+1224
|
1.9950
|
+10.1%
|
Short & Medium-term trading strategies
Trading
Medium
|
From
|
To
|
Basis
Points**
|
Conversion
Rate
|
Annualised
(%)
|
EUR/$
|
08/01/07
|
31/10/07
|
+771
|
1.4485
|
+6.5%
|
EU/JY
|
08/01/07
|
31/10/07
|
+2606
|
167.15
|
+19.2%
|
GBP/$
|
08/01/07
|
31/10/07
|
+1728
|
2.0800
|
+7.6%
|
$/CHF
|
08/01/07
|
30/09/07
|
+650
|
1.1640
|
+7.6%
|
$/ZAR
|
08/01/07
|
22/10/07
|
+3706
|
6.8750
|
+7.2%
|
GOLD
|
08/01/07
|
31/10/07
|
+6195
|
795.25
|
+9.6%
|
S&P-Z
|
01/07/07
|
31/10/07
|
+13506
|
1555.00
|
+25.7%
|
Short-term trading strategies
Trading
Medium
|
From
|
To
|
Basis
Points**
|
Conversion
Rate
|
Annualised
(%)
|
EUR/$
|
09/01/06
|
18/12/06
|
+1449
|
1.3150
|
+11.5%
|
$/JPY
|
09/01/06
|
18/12/06
|
+1418
|
118.25
|
+12.6%
|
GBP/$
|
09/01/06
|
18/12/06
|
+2334
|
1.9600
|
+12.5%
|
Medium-term trading strategies
Trading
Medium
|
From
|
To
|
Basis
Points**
|
Conversion
Rate
|
Annualised
(%)
|
EUR/$
|
09/01/06
|
21/12/06
|
+607
|
1.3150
|
+4.8%
|
EU/JY
|
09/01/06
|
21/12/06
|
+680
|
155.75
|
+4.6%
|
$/CHF
|
09/01/06
|
21/12/06
|
+877
|
1.2175
|
+7.5%
|
$/ZAR
|
09/01/06
|
21/12/06
|
+8682
|
7.0150
|
+13.0%
|
GOLD
|
09/01/06
|
21/12/06
|
+20160
|
620.00
|
+34.3%
|
Short-term trading strategies
Trading
Medium
|
From
|
To
|
Basis
Points**
|
Conversion
Rate
|
Annualised
(%)
|
$/JPY
|
05/01/05
|
16/12/05
|
+1322
|
115.70
|
+12.0%
|
EUR/$
|
05/01/05
|
16/12/05
|
+1372
|
1.2020
|
+12.0%
|
GBP/$
|
05/01/05
|
16/12/05
|
+1921
|
1.7710
|
+11.4%
|
A$/U$
|
05/01/05
|
16/12/05
|
+868
|
0.7435
|
+12.3%
|
Medium-term trading strategies
Trading
Medium
|
From
|
To
|
Basis
Points**
|
Conversion
Rate
|
Annualised
(%)
|
EU/JY
|
05/12/05
|
19/12/05
|
+1215
|
139.10
|
+9.2%
|
$/CHF
|
05/12/05
|
19/12/05
|
+1614
|
1.2900
|
+12.6%
|
$/ZAR
|
05/12/05
|
19/12/05
|
+12881
|
6.4150
|
+21.2%
|
GOLD
|
05/12/05
|
19/12/05
|
+6720
|
504.00
|
+13.9%
|
Short-term trading strategies
Trading
Medium
|
From
|
To
|
Basis
Points**
|
Conversion
Rate
|
Annualised
(%)
|
$/JPY
|
05/01/04
|
16/12/04
|
+958
|
104.70
|
+9.6%
|
EUR/$
|
05/01/04
|
16/12/04
|
+1125
|
1.3240
|
+9.0%
|
A$/U$
|
05/01/04
|
16/12/04
|
+1016
|
0.7550
|
+14.2%
|
GOLD
|
05/01/04
|
16/12/04
|
+736
|
437.50
|
+17.8%
|
Medium-term trading strategies
Trading
Medium
|
From
|
To
|
Basis
Points**
|
Conversion
Rate
|
Annualised
(%)
|
$/JPY
|
05/12/04
|
15/12/04
|
+39
|
104.70
|
-0.4%
|
EUR/$
|
05/12/04
|
15/12/04
|
+140
|
1.3240
|
-1.1%
|
A$/U$
|
05/12/04
|
15/12/04
|
+320
|
0.7550
|
-4.5%
|
GOLD
|
05/12/04
|
15/12/04
|
+37
|
437.50
|
-8.9%
|
** Basis Points are per 1 mio units
Note: in all instances the annualised percentage profit (or loss) has been calculated
on an unleveraged one million unit position of the principal currency.