Diamond Peak Traders, LP blends the Northstar (2x) program and an ETF arbitrage strategy, both of which are in-house, quantitative trading strategies with 1-7 day holding periods. Both strategies are based on over 16 years of experience researching and trading statistically validated hypotheses with proprietary and client capital. The Northstar (2x) program consists of a systematic trading strategy employing multiple systems seeking high probability trades, both long & short, in equity indices such as the S&P 500, Russell 2000 and Nasdaq 100. The systems contain both trend-following and mean reversion elements. The trades are short-term generally, less than a week in duration. The ETF Arbitrage strategy seeks to capitalize on an inefficiency that exists in the exploding ETF marketplace. Diamond Peak Traders, LP implements a short-term, quantitative, trend-following strategy for ETFs exposed to the derivatives markets (such as UNG-United States Natural Gas Fund and USO-United States Oil Fund). Contango & backwardation within futures markets may create a 'tailwind' phenomenon and our trend-following filter allows trades in the 'tailwind' direction. From, its October 1, 2007 inception through February of 2012, DPT was a multi-manager trading fund allocated to a basket of sub-managers including some exposure to DCP's Northstar program. On March 1st, 2012 Diamond Peak Capital began managing substantially all of the Fund's assets using proprietary, in-house, trading strategies. DPT's current strategy mix is 50% Northstar and 50% EFT arbitrage. Returns prior to March 1, 2012 reflect the following fees: 1% Management Fee and 10% Incentive Fee.