The Cambridge Strategy - Foreign Exchange Financial Trading Investment Management

The Global Emerging Markets Alpha Programme

Current Month Performance - June 2010

Feb 2008	Mar 2008	Apr 2008	May 2008	Jun 2008	Jul 2008	Aug 2008	Sep 2008	Oct 2008	Nov 2008
Dec 2008	Jan 2009	Feb 2009	Mar 2009	Apr 2009	May 2009	June 2009	July 2009	Aug 2009	Sept 2009
Oct 2009	Nov 2009	Dec 2009	Jan 2010	Feb 2010	Mar 2010	Apr 2010	May 2010	Jun 2010

Month to Date:

-2.37%

Year to Date*:

12.49%

12 Months to Date*:
24.39%

*At end of last month

Daily Return (as at close of business PT)

Date	NAV	Cumulative Return Month
01st June	153.70	0.04%
02nd June	154.27	0.41%
03rd June	153.35	-0.19%
04th June	152.72	-0.60%
05th June	152.72	-0.60%
06th June	152.72	-0.60%
07th June	152.58	-0.69%
08th June	151.95	-1.10%
09th June	152.49	-0.75%
10th June	152.68	-0.63%
11th June	153.03	-0.40%
12th June	153.03	-0.40%
13th June	153.03	-0.40%
14th June	157.72	-0.60%
15th June	152.40	-0.81%
16th June	152.35	-0.84%
17th June	152.35	-0.84%
18th June	152.84	-0.52%
19th June	152.84	-0.52%
20th June	152.84	-0.52%
21st June	154.30	0.43%
22nd June	153.66	0.01%
23rd June	152.18	-0.95%
24th June	150.88	-1.80%
25th June	151.29	-1.55%
26th June	151.26	-1.55%
27th June	151.26	-1.55%
28th June	150.69	-1.92%
29th June	149.74	-2.54%
30th June	150.00	-2.37%

NOTES TO PERFORMANCE:

Reported performance is calculated using the weighted average of the gross returns of managed accounts.