Firm assets under management were $3.9 billion as of October 31, 2008.

Gresham Investment Management LLC serves as Investment Manager or Sub-Advisor with respect to programs employing the TAP strategy (with a minimum investment of $250,000 - $1,000,000 depending on the specific program) and customized investment solutions (with a minimum investment of $1,000,000), and as Investment Manager to separately managed accounts (with a minimum investment of $100 million).

Investing in a program employing the TAP strategy or customized investment solutions is intended only for sophisticated investors such as Qualified Eligible Persons. Please request and refer to a risk disclosure document for further information.

For additional information on how to invest using a TAP-based program or a customized investment solution, please contact Gresham's Investor & Institutional Services by phone at 212-GRESHAM or 212-984-1430, or email us.