Investment Fund Series A Status

Total net asset US$83,398. Cash position US$84,074.

Fund Series B Status

Total net asset US$18,055. Cash position US$14,613.

Investment Fund Series A Update 24-Oct-08

SELL to Open 10x on MS-Oct-12.50-PUT at $1.65

SELL to Open 10x on MS-Oct-10.00-PUT at $1.10
SELL to Open 20x on MS-Oct-7.50-PUT at $0.60

Fund Series A on Expiry Friday 17-Oct-08

MS Oct Options expired worthless, CLOSED and kept profit of $15,859.
MS Nov Options still open and Unrealized Profit of $2,493.





Total net asset US$83,152. Cash position US$81,245.