🚀 go-pugleaf

10:17 AM 2/9/98
Source: International Traders Research, Inc. (800-591-5886, 619-459-0818)

http://www.ManagedFutures.com

	ITRNet Real-Time CTA Portfolio Software NOW Available

Note:  This represents only managers reporting Full 5 Years.
    
	Compounded ROR (Jan-93 to Dec-97)

   Manager                                         ROR*   WDD      Equity
 1 Denant Pty. Limited (Denant)                    794.53%  -44.28%  22,756,746
 2 Core Capital Mgmt. Futures (Proprietary)        661.62%  -70.12%     986,242
 3 Eckhardt Trading Co. (Higher Leverage)          635.78%  -33.90%  29,016,073
 4 Dunn Capital Mgmt. (WMA)                        482.03%  -35.13% 857,316,306
 5 QST, Inc. (Composite)                           396.73%   -6.59%   9,825,488
 6 Dunn Capital Mgmt. (Standard)                   369.15%  -36.62%  21,629,183
 7 Tactical Investment Mgmt. (Flagship)            367.87%  -35.01%  43,607,107
 8 Eckhardt Trading Co. (Standard)                 342.44%  -21.44% 244,873,089
 9 PWA Futures (SML Program (#21270))              322.12%  -59.30%     368,688
10 Telesis Management, Inc. (Leveraged)            306.45%  -13.03% 221,000,000
11 KMJ Capital Management (Diversified)            306.43%  -38.88%   5,171,462
12 Friedberg Commodity Mgmt. (Currency Only)       299.39%  -34.42%  80,670,160
13 Dolphin Capital Mgmt. (Global Diversified I)    279.27%  -15.99%  82,600,000
14 AIS Futures Mgmt., LLC (MAAP 6X)                260.21%  -34.28% 129,623,137
15 Willowbridge Associates (MTECH)                 249.13%  -25.68%  68,871,833
16 Minogue Investment Co. (Special Situations)     249.04%  -50.87%     676,921
17 Di Tomasso Group (Equilibrium)                  239.55%  -29.90%  92,010,000
18 Time Tech Management (Composite)                230.22%  -15.39%  33,659,922
19 Fort Orange Capital Mgmt. (Global Strategic)    224.08%  -22.08%  20,117,025
20 Rotella, Robert P. (Composite)                  221.67%   -6.00% 277,000,000
21 Brandywine Asset Mgmt. (Financial)              220.42%  -28.24%   5,996,327
22 Tactical Derivatives Mgmt. (Chess I)            219.87%  -17.66%   5,000,000
23 Meyer, Daniel (Diversified)                     219.38%  -29.30%   2,670,000
24 Willowbridge Associates (Titan)                 218.17%  -25.83%  32,624,339
25 LPS International Ltd. (Gain B Ltd.)            217.38%  -34.40%   2,021,578
26 Willowbridge Associates (Vulcan )               213.13%  -19.64%  52,579,105
27 Walsh, Mark J. & Co. (Standard)                 211.37%  -43.04%   5,446,651
28 D.W. Futures & Currency Mgmt. (Global)          206.00%  -27.92%  93,528,500
29 Tamiso & Company (Original Currency)            196.98%  -24.80%   6,863,064
30 Coast Asset Mgmt. (Arbitrage)                   196.41%   -3.27%  58,500,000
31 Dreiss Research Corporation (Composite)         194.69%  -38.29%  31,047,279
32 Trendview (World Currency)                      192.40%  -15.40%   5,700,000
33 John W. Henry & Company  (Financial & Metals)   187.35%  -17.50%1,326,000,00
34 Willowbridge Associates (Primary )              181.19%  -20.28%  74,359,933
35 KMJ Capital Management (Currency)               181.11%  -37.74%     530,204
36 John W. Henry & Company  (Global Diversified)   176.98%  -21.04% 182,120,014
37 Atlas Capital Mgmt. (Composite)                 174.08%  -21.70%  88,049,446
38 Welton Investment Corporation (Diversified )    173.66%  -25.96% 134,000,000
39 Quantitative Financial Strategy (IPS Financial F170.12%  -13.66% 378,000,000
40 Chesapeake Capital (Diversified)                169.17%   -8.52%1,096,391,93
41 Adam Harding & Lueck (AHL Composite)            169.13%   -7.88%1,037,763,04
42 Trendview (World Diversified)                   164.56%  -22.68%  26,000,000
43 John W. Henry & Company  (Original Investment)  163.88%  -26.08% 378,000,000
44 Willowbridge Associates (Argo )                 157.95%  -22.72% 208,441,377
45 Welton Investment Corporation (Financial & Metal155.22%  -30.89%  10,000,000
46 Strategic Investments (Modified Strategic)      154.73%  -11.12%     122,989
47 Rabar Market Research (Composite)               153.01%  -29.84% 183,428,382
48 Namath-Hanger Investments (Select)              146.92%  -44.94%   1,238,600
49 Light Blue Trading Co. (Composite)              146.45%   -6.28%  64,376,716
50 Leboz Trading Company (Composite)               145.90%  -25.93%   2,481,390
51 Brandywine Asset Mgmt. (Benchmark)              144.98%  -20.81% 112,800,234
52 Harbour Management (Diversified)                143.64%  -19.66%   7,600,000
53 Hawksbill Capital Mgmt. (Global Diversified)    142.40%  -50.47%  28,131,155
54 Mississippi River Investments (Managed Accounts)140.81%  -35.52%   2,485,000
55 Saxon Investment Corporation (Diversified)      139.88%  -41.63%   1,622,340
56 Nibor Capital Management (Global Financial)     134.78%  -28.54%   1,743,392
57 Sorrentino Asset Mgmt., LC (Diversified Futures)134.34%  -34.56%   1,234,821
58 Willowbridge Associates (Siren )                131.37%  -17.53%  47,427,473
59 JPD Enterprises, Inc. (Composite)               125.54%  -15.34%  35,875,271
60 Urkena Management (Currency)                    125.52%  -19.38%   1,657,251
61 GNI Ltd. (Directional)                          124.68%  -13.56%  90,000,000
62 Little Brook Corporation (Craft)                124.44%  -22.41%  11,986,893
63 Ashley Capital Mgmt., Inc. (Composite)          123.65%  -23.18%   5,738,137
64 Chesapeake Capital (Financial & Metals)         123.44%  -13.10% 247,352,769
65 Vector Commodity Services, LTD (Composite)      123.36%  -61.08%   3,256,001
66 Commoditech, Inc (A)                            121.22%  -30.91%   2,039,771
67 Estlander & Ronnlund (Diversified)              121.20%  -20.23%  53,615,000
68 Red Oak Commodity Advisors (Composite)          120.27%  -24.24%  30,292,685
69 Millburn Ridgefield (Diversified)               117.02%  -11.59% 328,328,600
70 AIS Futures Mgmt., LLC (MAAP 2X-4X)             115.69%  -22.84% 133,465,413
71 John W. Henry & Company  (Int'l Currency & Bond)114.91%  -20.14%  31,918,832
72 ARA Portfolio Mgmt. (Gamma)                     113.72%  -22.72% 152,783,570
73 Coquest, Inc. (Indices)                         113.45%  -31.42%     919,886
74 Dunn Capital Mgmt. (Diversified TOPS)           113.13%  -31.17%  21,629,183
75 Barrington Capital Mgmt. (Emerging Markets)     112.13%  -25.05%  25,257,370
76 Fundamental Futures Inc. (Offered Program)      111.41%  -13.37%  90,000,000
77 Partin Company, Inc. (Demand Supply)            110.80%  -12.09%   3,010,000
78 Northfield Trading (Composite)                  110.79%   -9.80% 241,300,000
79 Hyman Beck & Company (Global)                   110.66%  -12.52% 202,868,158
80 Eclipse Capital Mgmt. (Global Monetary)         110.36%  -22.35% 300,615,851
81 Kenzie Global Asset Mgmt. (Three Oaks Fund)     109.14%  -10.78% 247,000,000
82 Hill Financial Group, Ltd. (Multiple Strategy)  108.90%  -10.34% 125,000,000
83 Dunn Capital Mgmt. (Financial TOPS)             105.44%  -36.10% 150,389,153
84 Beacon Mgmt. (Currency )                        100.67%  -31.13%   6,838,492
85 Lyon Investment Corporation (Financial/Currency) 97.68%  -36.37%   1,773,722
86 John W. Henry & Company  (World Financial Perspe 97.51%  -25.52%  31,000,000
87 TrendLogic Associates (Financial & Metals)       96.63%  -27.18%  11,519,140
88 Tamiso & Company (Global Diversified)            96.37%  -16.84%  17,315,139
89 LPS International Ltd. (High Performance B)      95.91%  -39.85%   1,830,404
90 Strategic Investments (Equity Hedge)             95.04%   -8.88%     246,165
91 Abraham Trading Co.  (Diversified)               94.48%  -24.47%  62,979,094
92 DGM Investments (CTP Fund, L.P.)                 93.76%  -18.65%   8,052,082
93 Loran Futures, L.C. (A-Leg Only Mode #2)         93.45%  -29.68%      52,071
94 Willowbridge Associates (Cur. Fin & Metal)       93.32%  -29.04%  27,962,203
95 Drapeau Advisors, Inc. (Composite)               93.19%   -4.16%  80,500,000
96 Witter & Lester, Inc. (Stock Index Trading)      93.19%  -20.57%   7,352,158
97 Brandywine Asset Mgmt. (Financial Conservative)  91.97%  -11.44%   5,534,732
98 Three Crown Capital Partners (Composite)         90.26%  -16.54%  55,996,109
99 Cyber Capital LLC (Cyber Strategy)               88.81%  -10.27%  30,000,000
100Sunrise Capital Partners, LLC (Diversified)      88.55%  -28.03%  69,434,481
101Denali Asset Mgmt. (Global Diversified)          87.21%   -9.30%  16,500,000
102John W. Henry & Company  (Int'l Foreign Exchange 86.25%  -22.24%  89,000,000
103Eclipse Capital Mgmt. (Global Yield)             84.77%  -19.11%   2,126,495
104KB Partners, Inc. (Friend Trading)               84.30%  -17.59%  29,220,763
105EMC Capital Mgmt. (Classic)                      81.87%  -45.16% 103,460,687
106Tueta Gestion Asset Mgmt. (Proprietary)          81.25%   -5.30%  17,775,776
107Capital Futures Mgmt. (Composite)                80.95%  -28.15%   7,030,343
108Advanced Trdg. Strategy (Alert Currency)         79.14%  -10.21%  24,355,855
109KMJ Capital Management (Foreign Financials)      78.00%  -12.33%     107,933
110Gateway Futures Ltd. (Financial)                 75.89%   -4.93%  23,400,000
111First Quadrant, L.P. (Tactical Currency)         75.52%   -8.42%1,360,000,00
112M.C. Futures Inc. (Standard Diversified)         75.14%  -15.38%   5,850,782
113Rohden Funds Management (Fin. Mkt. Overlay)      74.96%   -7.23%  33,514,675
114Campbell & Company (Global Diversified -Large)   74.31%  -26.05%  52,000,000
115Millburn Ridgefield (Global Financial)           73.99%  -13.50% 148,747,000
116Gandon Financial Fund Mgmt. (Breakout)           73.86%   -4.16%  16,155,000
117Coral Rock Investments (Leveraged)               71.77%   -4.99%  89,435,900
118Campbell & Company (Fin. Met. & Energy -Large)   68.13%  -31.74% 764,000,000
119Martin Money Management (Orion Diversified)      67.01%  -46.70%  42,392,297
120Trendstat Capital Mgmt. (World Currencies)       66.29%   -8.81% 281,716,778
121SJO, Inc. (Foreign Financial)                    66.00%  -20.57% 110,400,000
122Whistler Trading Co. (Fin. Futures & Cash)       63.48%   -5.43%  84,093,555
123Sunrise Capital Partners, LLC (Expanded Diversif 63.46%  -29.82%  45,449,599
124John W. Henry & Company  (G7 Currency)           63.21%  -19.43%  83,442,688
125Strategic Investments (Strategic Timing)         63.16%  -20.44%     173,379
126Range Wise, Inc. (Composite)                     62.12%  -10.31% 123,200,000
127LaSalle Portfolio Management (Int'l Cross Mkts)  61.12%  -12.45% 104,036,000
128Namath-Hanger Investments (Diversified Pro Forma 59.94%  -65.63%   2,297,280
129Jackson Grain Management (Composite)             58.90%   -7.01%  24,400,000
130Telesis Management, Inc. (Institutional)         57.21%   -7.52%   7,000,000
131Sunrise Capital Partners, LLC (CIMCO)            56.81%  -43.92%  94,885,268
132Campbell & Company (Forex)                       55.75%  -44.03%  14,300,000
133Hyman Beck & Company (FX)                        55.63%  -39.50%  11,431,249
134Crow Trading, Inc. (Composite)                   54.97%   -3.64%  35,000,000
135Gandon Financial Fund Mgmt. (Global Financial)   54.83%   -2.54%  27,225,000
136Beacon Mgmt. (Beacon System)                     54.47%  -21.93%   2,255,762
137FX Concepts, Inc. (CAAC)                         54.33%  -28.03% 455,000,000
138Little Brook Corporation (Spectrum)              53.42%  -32.00%   2,103,620
139Zimlev, Inc.  (Composite)                        50.82%  -24.39%   2,000,000
140HB Capital Management (Composite)                49.87%  -32.64%   1,249,197
141Coast Asset Mgmt. (Enhanced Income II)           49.15%    0.00%  67,400,000
142IXORCAP (1)                                      47.45%   -2.36%  18,111,220
143ALH Capital Corporation (Financial Futures)      46.38%   -3.15%  20,252,093
144Simons Capital, Inc. (Diversified)               44.66%  -51.52%  42,290,656
145LaSalle Portfolio Management (Fin. Instruments)  43.57%  -14.37%  82,491,000
146TrendLogic Associates (Diversified)              40.74%  -31.24%  21,914,815
147Sabre Fund Management, Ltd. (PRS)                39.21%  -14.44%   6,184,000
148Crabel Capital Mgmt. (Diversified)               37.90%   -3.96% 126,000,000
149Island View Financial Group (Currency/Financial) 34.62%  -25.37%   2,400,000
150Elm Financial, Inc. (Global Financial)           34.28%  -32.00%  15,440,000
151Millburn Ridgefield (Currency)                   32.98%  -20.76%  76,676,000
152Horton Investment Service (Seasonality)          32.10%  -15.77%   3,691,000
153AGTech Trading Co.  (Ag Trading)                 29.68%  -30.73%   1,204,166
154Pasante Corporation (Composite)                  29.20%  -25.00%   1,545,608
155Counter Research (FUTAN)                         24.93%  -23.51%   1,650,000
156Trendstat Capital Mgmt. (Multi-Trend)            23.24%  -24.72%   9,375,020
157Compucom Finance, Inc. (Currency)                22.51%  -28.63%  70,000,000
158Hanseatic Advisory Corporation (Portfolio Plus)  22.46%   -1.09%   1,204,904
159First Quadrant, L.P. (Global Tactical)           21.92%   -6.57% 452,000,000
160Visioneering Research & Dev. (V-100)             20.08%  -43.36%   3,527,872
161Loran Futures, L.C. (A-Leg Only Mode #6)         19.55%  -21.15%     214,729
162Sunrise Capital Partners, LLC (Currency)         19.40%  -51.21%  89,639,331
163Willowbridge Associates (Currency )              15.95%  -25.32%  13,004,912
164Bacon Investments Corporation (Composite)        15.67%  -26.53%  20,000,000
165Witter & Lester, Inc. (Intermediate)             15.53%  -17.14%   6,963,533
166PRAGMA, Inc. (Gamma)                             15.31%  -17.34%     290,157
167D.W. Futures & Currency Mgmt. (Currency)         11.03%  -51.50%  64,906,600
168Nessler Futures Trading (Agricultural)           10.76%  -12.92%  13,013,840
169D.W. Futures & Currency Mgmt. (Diversified)      10.20%  -28.07% 138,188,900
170Island View Financial Group (Diversified)         9.73%  -16.68%     300,000
171Commodity Capital (Composite)                     6.31%  -17.07%   2,900,000
172First Futures & Commodities (Large Cap.)          2.75%  -43.73%     601,360
173Fenchurch Gamma Fund, L.P. (Composite)           -0.55%  -40.47%  12,960,499
174Colorado Commodities Mgmt. (Currency/Fin.)       -6.53%  -64.74%  20,587,000
175Wizard Trading, Inc.  (Foreign Currency )       -21.13%  -37.48%     300,000
176Visioneering Research & Dev. (V-50)             -32.95%  -44.63%     678,860
177PRAGMA, Inc. (Beta)                             -36.55%  -56.17%     214,936
178Colorado Commodities Mgmt. (Diversified)        -46.92%  -60.42%   1,290,550

THE FIGURES CONTAINED HEREIN WERE COMPILED FROM INFORMATION
PROVIDED BY THE CTAs. THIS MATERIAL IS PROVIDED FOR INFORMATIONAL
PURPOSES ONLY, NOT AS A SOLICITATION FOR ANY PROGRAM. INTERNATIONAL
TRADERS RESEARCH, INC. MAKES NO ENDORSEMENT OR ANY REPRESENTATION 
AS TO PERFORMANCE. INVESTORS SHOULD CAREFULLY READ THE CTA'S 
DISCLOSURE DOCUMENT BEFORE INVESTING.  THE TRADING PROGRAMS AND 
SERVICES OF THESE CTAs MAY NOT BE AVAILABLE IN ALL JURISDICTIONS
PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
FUTURES TRADING CONTAINS RISK OF SUBSTANTIAL LOSS.  
� COPYRIGHT 1998 BY INTERNATIONAL TRADERS RESEARCH, INC.

*Cumulative Rate of Return as reported by the CTA

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