Tuono prepares for initial offering on the back of 53.08 per cent returns in 2005

Tuono Corporation's private managed account is being readied for an initial offering having returned 53.08 per cent in 2005.

That return extends the hybrid, managed account's cumulative ROI to 259.2 percent from inception in April 2003.

Tuono believes that having proven its methodology can outperform a myriad of markets around the globe, the time is right for a first time offering of its market strategies through the formation of T-Circle LLC. Participation will be limited to institutional type investors, such as pension schemes, endowments, foundations and family offices.

"During the past several years, asset managers have been confronted with the reality that their overall returns were diminished, or in some cases negative, because poor performance was further affected by hedge fund management fees," says Michael D Billy, CEO of The Tuono Corporation. "I am proud to state that our results are net to clients. We will maintain the same operating mode for the T-Circle managed account program.'

Comparing the trading style to an industry historical performance benchmark, Billy adds: "If all gains would have been reinvested, as depicted by a VAMI illustration, USD 1,000 invested in April 2003 would be equivalent to having USD 3,592 in February 2006."

T-Circle clients are projected to receive 1.25 per cent net per month. To insure performance integrity, Tuono will not charge a management fee or incentive fee. Its only form of compensation will be derived from performance once client ROI expectations are met.

Open to international investors, participation will be limited to 25 participant investors on a worldwide basis, and the fund, which is expected to launch in early April, will be capped at USD 100 million.

Tuono regards itself as a 'next generation investment manager and strategy service provider to asset managers around the globe', and has created a 'think-tank' environment related to achieving exceptional performance. The company brings new tools related to its systematic 'black-box' and 'grey-box' trading strategies. Through its proprietary software geared toward better defining market opportunities and capturing them, the company believes it can sustain performance on a more consistent basis for a longer period of time

Billy will be visiting Europe in May to speak with prospective clients and mass media representatives about Tuono's investment strategies. Scheduled stops include some cities of Ukraine and Russia, Paris, Geneva and London, while investors from South America, Asia, South Africa and Australia are also welcomed to inquire about opportunities with Tuono.

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