*This fund was ranked based on Barclays CTA database
Welcome to Fox Capital Management

Since its founding in 2006, Fox Capital Management, LLC has
managed money for qualified investors who seek to diversify.
Fox Capital strives to achieve consistent capital appreciation
for our investors. Our investment goals emphasize long-term
preservation of capital and appreciation; thereby significantly
increasing the value of our clients’ portfolios.

Expertise in identifying market direction
The foundation of Fox Capital Management's performance is a
comprehensive and highly disciplined investment strategy that
capitalizes on our expertise and our proprietary system in
identifying market direction. This strategy derives from a
systematic investment approach that is grounded in focus and
consistency.

FCM  News

May 1
The markets have been in a small tight range for the past few months which
makes trading difficult.  They are now making large moves driven by
unforeseen news events.  We are hoping that the market ranges continue to
open up to allow for more profitable trades.  We have ended the month of
April with a -5.39% return.  As always, please feel free to contact us with
any questions.


April 1
As we wind down the first quarter of 2010, Fox Capital is proud to
announce that they have won another Barclay Hedge’s Top 10 Award in the
Stock Index sector.  We currently rank 6th by monthly return and 2nd for
year to date return.  With rankings in the top 10, you can’t go wrong by
investing with us!  If you would like to view Barclay Hedge’s website you
can find it at
www.barclayhedge.com.  To view the rankings enter “Fox
Capital Management” in the search bar and then click on the
“BarclayHedge” link enabled in the search results.  As always, please feel
free to contact us with any questions.

March 1
A cold February has come to a close. We are enthusiastic about 2010.  As
of February 28th Fox Capital is up 4.28% for the month with a year to date
total of 7.29%!

Fox Capital has registered itself with several websites that rank the
performance of CTA’s (Commodity Trading Advisors) throughout the
world.  We are very excited to see how our performance ranks in the
industry. We will be posting a link to the websites for anyone interested in
following our rankings. If you have any questions or would like any further
information please contact us and we will get back to you right away.

February 1
It’s hard to believe that another year has begun.  We are looking forward to
what 2010 has to bring.  As of January 31, we are happy to report a 3%
gain in our accounts for the month.  If you have any questions regarding our
investment system or need any further information please feel free to contact
us.

January 1
We hope you had a joyous holiday season and a safe and happy new year.  
As you can see from our monthly update, our performance has suffered due
to the narrow range bound markets in November and December.  Although
we had a rough couple of months, we are happy to report a positive return
for 2009.   As the new year begins, Fox Capital is looking forward to a
prosperous 2010.

Best Regards,
John Zehnder
David Verbruggen
Fox Capital Management, LLC
Tokyo
Frankfurt
London
New York
Hong Kong
Click here for market info:
Sydney
Moskow
New York
Los Angeles