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Alternative Market Briefing

Okumus funds shine with 11.68%, 17.49%, 23.19% and 29.52% YTD
Friday, November 10, 2006

According to information received by Opalesque, theOkumus Opportunity Fund finished October up 4.18% net and is up 29.52% year-to-date, while its benchmark S&P500 is up 10.39%, year-to-date. At this point, the fund is up 1007.39% since its August 1, 1997 inception while its benchmark S&P500 is up 44.39% during the same period.

Okumus Diversified Value Fund finished October up 2.07% net and is up 11.68% year-to-date, while S&P500 is up 10.39%, year-to-date. At this point, the fund is up 51.86% since its January 1, 2003 inception while S&P500 is up 56.62% during the same period.

Okumus Technology Value Fund finished October up 2.49% net an......................

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