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Developer/CTA Interview
Charlie Wright 2
Chairman, Fall River Capital LLC (NFA 298790)
Program(s) Developed: Global Strategies, Salt River Bonds, VOLEX
Interview Date: December, 2007
Interviewed by John F. Gallwas ? Founder of Striker Securities
A follow-up interview with Charlie Wright, the Chairman of Fall River Capital (?Fall River?) a registered Commodity Trading Advisor specializing in the trading of global financial and natural resource futures markets. Fall River Global Strategies program identifies markets that are in long-term trends and systematically trades over 60 global futures markets with multiple systems in multiple time fames. The company has a total of over $100 million in client funds in all its programs, and has been trading for clients since the year 2000. This managed CTA Program can only be offered to qualified investors through their Disclosure Document dated March 23, 2007
John Gallwas: Fall River?s performance this year is impressive in view of the volatile markets, which generally have provided a mixed environment for trend-following systematic programs. What has Fall River done to produce this performance?

Charlie Wright: In 2004-2005 Global Strategies experienced a significantly higher drawdown than was indicated by our historical testing. And although this drawdown was in-line with the program?s volatility and when compared to other programs of its type, we were concerned. Rob, my partner, spent a great deal of time looking at our testing methodology and could not find any flaws. We concluded that for the first time in 30 years there had been a significant change in the futures markets that we trade. In June 2005 we initiated what turned out to be a continuing series of program upgrades to deal with these market changes. These upgrades have focused almost exclusively on Exposure Management - that is, attempting to better manage the risk and volatility of the program?s positions. Rob and I feel the recent performance of Global Strategies is reflective of our continuing research and upgrades.

John Gallwas: With your long history in the futures industry have you ever seen markets similar to those we are currently experiencing?

Charlie Wright: No, but then again I believe that the markets never give you the same environment twice. All individual markets go through a quiet phase, enter into a trend, extend the trend beyond what anyone thought possible, top out in a highly volatile climate, and decline back into quiet mode. Sometimes you get periods like this when multiple markets are going through a volatile topping phase at the same time. But this cycle will recur as long as there are markets and traders. The real skill is to design a program that will be successful no matter what phase each market is in and no matter how many markets are moving.

John Gallwas: Has this year?s market environment changed the focus of your research efforts?

Charlie Wright: This year?s environment continues to validate our assertion that the futures markets are now moving together to a much higher degree than ever before. Our research goals continue to emphasize a progressive improvement in our money management and exposure control techniques to deal with this new volatile market environment.

John Gallwas: Have you seen any impact on your performance caused by the larger size you are trading?

Charlie Wright: No we have not. One of the reasons the markets are moving together in sync is that the volume and liquidity has increased dramatically over the last few years and are moving all the markets at about the same time. This has increased the liquidity of almost all of the markets making it much easier to trade larger orders. There is no reason to believe that this won?t continue in the future.

John Gallwas: Although we all know by heart, ?past performance is no guarantee of future results?, looking forward can you tell us what your expectations are for Fall River?s performance for calendar 2007 and beyond?

Charlie Wright: One of the major backbones of our research strategy has been to base our research and trading on the same data stream. We have spent a considerable amount of time developing a continuous futures data stream which allows us to test and trade on the same data. We then view, on a regular basis, how our real-time trading compares to the hypothetical testing on the same data. Our real-time trading has historically correlated between 90-95% with the testing model, and has done so this year as well. We can see no reason for this not to continue in the future. This would keep us optimistic for the future.
This interview is for informational purposes only and is not intended to be a solicitation of any kind. Trade only with risk capital. The risk of trading can be substantial and each investor and/or trader must consider whether trading systems are a suitable investment.
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There is a risk of loss in trading. It is the nature of commodity and securities trading that where there is the opportunity for profit, there is also the risk of loss. Commodity trading involves a certain degree of risk, and may not be suitable for all investors. Derivative transactions, including futures, are complex and carry the risk of substantial losses. Past performance is not necessarily indicative of future results. Please read additional risk matters on our web site, It is important you understand all the risks involved with trading, and you should only trade with risk capital. This communication is intended for the sole use of the intended recipient.

About this report The information and links on this website are for informational purposes. The risk of trading can be substantial and each investor and/or trader must consider whether this is a suitable investment. Past performance, whether actual or indicated by simulated historical tests of strategies, is not indicative of future results. Striker is a member of the National Futures Association ("NFA"), the Managed Funds Association ("MFA"), and the National Introducing Broker Association ("NIBA"). Striker is registered with the Commodity Futures Trading Commission ("CFTC"), and was formerly registered with the Securities Exchange Commission ("SEC"). Additionally, Striker is a former member of the Financial Industry Regulatory Authority ("FINRA"), and the Securities Investor Protection Corporation ("SIPC"). FINRA is the largest non-governmental regulator for all securities business in the United States. Please read Striker Disclosure Statement for the additional disclosure.

The trading performance cited throughout our web site is based on actual trading history, unless otherwise noted. The starting account balance is based on the system developer recommendation. Striker tracks actual performance by recording and maintaining each trade ticket for each system generated. The performance information assumes that no additions or withdrawals have been made. The rate of return for all systems disclosed in the Striker Report is cumulative from the day the system actually started trading at Striker. We maintain a "life" track for all 3rd party systems. We do not necessarily base our records on any particular client account. No one particular customer has achieved these results. The percentage returns reflect inclusion of commissions and fees.The actual percentage gains/losses experienced by investors will vary depending on many factors, including, but not limited to: starting account balances, market behavior, the duration and extent of investor participation (whether or not a client takes all signals for a system) in the specified system and money management techniques.

Striker is a revolutionary concept in action: an international, professional team of brokers dedicated to trading only for clients. It bears repeating: unlike most other brokers, Striker does NOT trade futures for itself or any of its employees. This policy has been in place from the start in order to guarantee that our entire focus remains on the interests of our clientele. Striker believes that when brokers are allowed to trade for themselves (or have in-house trading practices) there is a strong potential for conflict of interest, as the broker may place more importance on his own trading activities (or that of his firm's) than on those of his clients. Finally, Striker has no financial ties to system developers, so there no bias or pressure on how we report the actual trading results posted in our client section. This section is designed specifically for Striker's clients, so they may audit their results on a daily, weekly, monthly, or annual basis.