MutualHedge Frontier Legends Fund Adds Berkeley Quantitative Trading Company to Portfolio

DENVER, May 23, 2011 /PRNewswire/ -- Equinox Fund Management, LLC, a leading sponsor of alternative investment funds ("Equinox"), today announced the addition of the commodity trading advisor, or CTA Program, Berkeley Quantitative Trading Company – Performance Program, LLC ("Berkeley Quantitative" or "BQ") to the investments held by the subsidiary of MutualHedge Frontier Legends Fund ("MutualHedge"). MutualHedge is a mutual fund providing investors with exposure to an actively managed portfolio of multiple managed futures investments. MutualHedge has two classes of shares, which trade under symbols MHFAX and MHFCX.

Equinox selected Berkeley Quantitative for inclusion in MutualHedge because of BQ's trading methodology and low correlation to trend-following strategies. Berkeley Quantitative uses multiple models in its quantitative, systematic trading approach; its strategy seeks profits by identifying and exploiting short-lived market inefficiencies. BQ currently trades 45 liquid, exchange-traded futures markets across the US, Europe, and Asia.

Headquartered in Fairfield, Connecticut, Berkeley Quantitative is led by Dr. Elwyn Berlekamp, a leader in the fields of information theory, game theory, and financial mathematics. A long-time Professor of Mathematics at UC-Berkeley, Dr. Berlekamp is most recognized in asset management for his role as CEO and principal shareholder of Axcom, Ltd., the original trading advisor to Renaissance Technologies' Medallion Fund.  Dr. Berlekamp founded BQ in 2007, and is joined by world-renowned researchers in mathematics, information science, engineering and cryptography.

Bob Enck, President and CEO of Equinox, stressed the advantage and importance of active management in refining the MutualHedge portfolio. "Equinox has deep experience in discovering, evaluating and allocating to CTAs. Rich Bornhoft and his team's selection of Berkeley Quantitative further diversify the MutualHedge Frontier Legends Fund portfolio and highlights his team's skill in discovering what we believe are the premier CTAs."

About Equinox Fund Management

Equinox Fund Management, which manages over $1.1 billion in assets, specializes in the design and distribution of innovative alternative investment products for both accredited and non-accredited investors in the United States. Its senior leadership has been involved in the commodities and futures markets since 1979, providing the firm with unusual insight into the alternative investment sector. In addition to MutualHedge, Equinox sponsors The Frontier Fund, a public managed futures fund with daily liquidity. 

For more information, please contact:
Securities offered through Bornhoft Group Securities Corporation, Member FINRA.
1775 Sherman Street, Suite 2500
Denver, CO  80237

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

There is no guarantee that managed futures or the funds sponsored by Equinox Fund Management, LLC will meet their intended objective; accordingly, investors could lose a substantial portion, or even all, of their investment. This is not an offer to sell or a solicitation of an offer to buy.

Mutual funds involve risk including possible loss of principal.

The indirect and direct exposure to foreign currencies subjects the MutualHedge Frontier Legends Fund to the risk that those currencies will decline in value relative to the U.S. Dollar, or, in the case of short positions, that the U.S. Dollar will decline in value relative to the currency that the Fund is short. Currency rates in foreign countries may fluctuate significantly over short periods of time for a number of reasons, including changes in interest rates and the imposition of currency controls or other political developments in the U.S. or abroad. In addition, the Fund may incur transaction costs in connection with conversions between various currencies. The Fund will invest a percentage of its assets in derivatives, such as futures and options contracts. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities and commodities underlying those derivatives. The Fund may experience losses that exceed losses experienced by funds that do not use futures contracts and options. There may be an imperfect correlation between the changes in market value of the securities held by the Fund and the prices of futures and options on futures. Although futures contracts are generally liquid instruments, under certain market conditions there may not always be a liquid secondary market for a futures contract. As a result, the Fund may be unable to close out its futures contracts at a time which is advantageous. Trading restrictions or limitations may be imposed by an exchange, and government regulations may restrict trading in futures contracts and options. Because option premiums paid or received by the Fund are small in relation to the market value of the investments underlying the options, buying and selling put and call options can be more speculative than investing directly in securities. Over-the-counter transactions are subject to little, if any, regulation and may be subject to the risk of counterparty de fault. A portion of the Fund's assets may be used to trade OTC commodity interest contracts, such as forward contracts, option contracts in foreign currencies and other commodities, or swaps or spot contracts. A substantial portion of the trades of the global macro programs are expected to take place on markets or exchanges outside the United States. Some foreign markets present additional risk, because they are not subject to the same degree of regulation as their U.S. counterparts. Trading on foreign exchanges is subject to the risks presented by exchange controls, expropriation, increased tax burdens and exposure to local economic declines and political instability. An adverse development with respect to any of these variables could reduce the profit or increase the loss earned on trades in the affected international markets. International trading activities are subject to foreign exchange risk. The Fund may employ leverage and may invest in leveraged instruments. The more the Fund invests in leveraged instruments, the more this leverage will magnify any losses on those investments. Leverage will cause the value of the Fund's shares to be more volatile than if the Fund did not use leverage. The Fund may take short positions, directly and indirectly through the Subsidiary, in derivatives. If a derivative in which the Fund has a short position increases in price, the underlying funds may have to cover its short position at a higher price than the short sale price, resulting in a loss.

Investors should carefully consider the investment objectives, risks, charges and expenses of MutualHedge and The Frontier Fund. This and other important information about MutualHedge or The Frontier Fund are contained in the applicable Prospectuses, which can be obtained by calling 1-866-276-6010 for The Frontier Fund or 1-888-MHEDGE1 (1-888-643-3431) for MutualHedge. The Prospectus should be read carefully before investing. The Frontier Fund is distributed by the Bornhoft Group Securities Corporation, member FINRA. MutualHedge is distributed by Northern Lights Distributors, LLC Member FINRA. Equinox Fund Management, LLC, Berkeley Quantitative Trading Company –

Performance Program, LLC, and Bornhoft Group Securities Corporation are not affiliated with Northern Lights Distributors, LLC.

0999-NLD-05/18/2011

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SOURCE Equinox Fund Management