Towson, MD, March 28, 2006 — Campbell & Company is pleased to announce that, effective today, March 28, 2006, the firm will close its Financial, Metals & Energy (“FME”) and Global Diversified portfolios to all new investors. Simultaneously, all funds offered by Campbell that employ these portfolios will no longer accept subscriptions from new investors. Until further notice, additions from existing fund investors will continue to be accepted, but on a limited basis. This modification brings Campbell’s US product offerings into line with its offshore offerings, where the FME portfolio was closed effective December 31, 2004.

“This change is driven by research in conjunction with our goal to provide consistent and attractive risk-adjusted returns to our clients,” said Bruce Cleland, President and CEO.  “The firm will continue to offer its new flagship “Multi-Strategy” portfolio both inside and outside the US.”

The Multi-Strategy portfolio currently includes a 30% allocation to cash equities strategies, and a 70% allocation to the same futures and currencies strategies that are included in the FME and Global Diversified portfolios, but in different proportions. The allocation to cash equities is expected to grow as the firm’s equities strategies mature and diversify.

Campbell believes the diversification benefit of adding cash equities to its futures and currencies strategies is compelling. Since November 2003 when the Multi Strategy portfolio began actively trading, it has delivered comparable returns to the FME and Global Diversified portfolios, but with 30% lower volatility.  

         
Campbell & Company is based in Towson, Maryland, and is one of the oldest and largest alternative investment management firms in the world.  The company was founded in 1972, and manages global futures, currencies and equities portfolios for clients using systematic absolute return investment strategies.