Managed Futures ProfileDighton Capital

Trading Description
The Swiss Futures Trading Program is a combination of systematic, technical chart analysis for the US Markets, the interpretation and analysis of economic and other fundamental data and use of discretion by an experienced Advisor.

The Advisor will trade most of the liquid US future markets like currencies, stock indices (especially Mini S&P’s), bonds and notes, energy, corn, grains and other commodities like cotton. The Advisor does not initially plan to trade foreign futures or options contracts but reserves the right to do so at a later date.

The Advisor analyses thoroughly the charts of these markets every week and monitors them then during the week. Chart analysis techniques include (but are not limited to) wave analysis (Elliot Wave), W.D. Gann principles (angles), Fibonacci retracements, Time cycles, Volume, Trix Indicator, divergences, and pattern analysis. In general the Advisor tries to locate points where to buy in markets that have fallen and where to sell in markets that have risen. By this the Advisor is trying to buy when prices are low and to sell when prices are high. This approach is trend anticipating but not really counter trend. When a position is established the Advisor lets the profits run and exits when the market gets to a point where a reversal in the trend could be expected.

The Advisor has discretion in which market they want to establish a position. The fact that the Advisor is monitoring many different markets does not mean that they are always invested in different markets and through that would be diversified. It is possible that the Advisor will invest only in one market where he sees the highest reward potential. Often the Advisor will establish positions at different times and price levels in one single market. The Advisor in general is looking at extreme points where he thinks the market will turn. As these extreme points are only reached in about 30 percent, the Advisor establishes a part of the position at an earlier moment. If the market reaches the extreme point the Advisor will establish then the full position, so it is actually good for the Advisor if the market goes first against the smaller position, so that he can get fully invested.Although the system is sometimes discretionary the trading does have a systematic component in it. The system has a set of rules which apply, but they are not implemented like a model and could be overruled if they i.e. do not make sense in a particular situation. But in general, this set of rules rejects a majority of trades and this explains why often the Advisor is only invested in one or two markets.

Risk Strategy
The manager uses money and risk management, if the market goes to some extent against an existing position, losses will be limited. The Advisor is not using fixed stop losses (i.e. as a percentage of capital) but will determine from the charts, when a position has to be exited and losses have to be realized. He will rather look at the time frame and determine in that window, if the trade is still good or has to be exited.

Background
Alex Moiseyev is a principal and the trader for Dighton Capital USA as of May 2006. Past performance of all accounts directed by Mr. Moiseyev for the Advisor begins on page 7. Mr. Moiseyev has over 15 years of trading experience. His experience stems from his belief in non conventional methods of trading characterized by his effective use of market volatility, unique non correlated strategies and systematic trade selection and exit techniques. His ability to blend systems, techniques, and strategies to create a proprietary methodology allows for the best risk to reward potential.Mr. Moiseyev graduated from the Moscow Oil and Gas Academy with a degree in chemical engineering in 1987. Mr. Moiseyev spent the period of November 1987 through November 1994 as one of the founders of Joint Venture “Interfive” Moscow. The company specialized in imports of physical commodities such as sugar and coffee as well as the export of oil products.His experience with physical commodities exposed him to alternative investment strategies and he became one of the first members of the Russian Stock & Commodity Exchange in 1990, where he traded until November 1994. From 1992-1994 Mr. Moiseyev began creating various hedging techniques for a number of Brazilian coffee growers as well as for the Russian coffee importers.In 1994, Mr. Moiseyev used his experience to become a professional trader and began research into non conventional trading techniques. Under his supervision, a team of Russian mathematicians have created numerous trading techniques and systems. In 2003, Mr. Moiseyev began to manage funds for select individuals and institutions. He is one of the founders of the Dighton Worldwide Investments. During this time, Mr. Moiseyev also works with several research and development and consulting firms.

Jakob Schneider is currently a principal of Dighton Capital USA. From September, 1985 to October, 2002 Mr. Schneider worked as a manager at the Beverly Hills Sports Cars Inc. Then from November, 2002 to October, 2006 Mr. Schneider was a broker with Global Futures Exchange & Trading Co. Inc. Effective January 30, 2007, Mr. Schneider holds a license as an Associated Person as well as Principal of Dighton Capital USA.