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From Kirsten Bischoff, Opalesque New York:

As most CTAs come off a year of moderate performance, the outperformance of two programs at MFI Associates (2009 performance for OMEGA +28.37%, and ALPHA +13.12%) is partially what has compelled the firm to launch to external investors. But, short-term performance gains are not what the $300m firm or its investors are focused on. While 2009 performance is impressive, MFI's team can further boast an almost 40-year history of +13.60% annualized gains (with only 1 negative year, 2005 at -2.2%).

The Philadelphia-based firm has a long history, working with family offices, high net worth individuals and institutional investors since being founded by Paul Prusky, MD in 1971. In addition to Dr. Prusky the senior management team is rounded out by EVP and Portfolio Manager Steven Prusky (creator of MFI's first black box trade model); Director of MIS - Michael Chang, PhD; and Managing Director Tony Corrado Acquadro.

MFI currently has both the Alpha and Omega programs available in managed account structures. But demand for a fund-based product has resulted in the launch of the lower volatility Alpha program in a fund format. Soon to follow will be an additional fund offering covering the Omega program.

"Certain aspects of the algorithms take advantages of trends, and because the fund can go long and short, it will do well with trends in either direction......................

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