Blackwater Capital Mgmt., LLC

Blackwater Global Program

Blackwater utilizes a medium term, systematic technical model to trade global futures and foreign exchange markets. The model is designed to establish positions when market behavior exhibits a high probability of an emerging sustained move. Blackwater seeks to aggressively protect open equity after profit targets have been reached, limiting sharp reversals and drawdowns. It incorporates strict money management techniques based on individual market, sector and portfolio levels in order to reduce volatility. Blackwater currently offers one trading program for managed account Clients, the Global Program (the “Global Program”). The Global Program is based on price and volatility patterns observed over many years of research and trading. Proprietary indicators reduce trading in range bound, trendless markets. Blackwater achieves robust profit attributes across all four market sectors. The Global Program model incorporates chart based rules to interpret market behavior. The Global Program was established to capture intermediate term trends in the global futures and FX markets. The Global Program is based on chart and volatility patterns observed over many years of trading and following macro markets. Blackwater’s strategy incorporates money management techniques on the individual level, sector level, and on the overall portfolio.