Investment Performance

	Initial Investment $100,000	Year End 2002	Year End 2003	Year End 2004	Year End 2005	Year End 2006	Year End 2007	Year End 2008	Year End 2009	1st Qtr 2010	2nd Qtr 2010	Total
Oristano Capital	0.00%	7.64%	34.87%	12.16%	12.91%	14.27%	6.06%	-21.54%	33.42%	1.22%	-2.72%	98.29%
S&P 500	0.00%	-22.10%	28.69%	10.87%	4.89%	15.81%	5.50%	-37.00%	26.46%	5.38%	-11.43%	27.07%
On $100,000 Initial Investment
Oristano Capital	$100,000	$107,640	$145,174	$162,827	$183,848	$210,083	$222,814	$174,820	$233,245	$236,090	$229,669	129.67%
S&P 500	$100,000	$77,900	$100,250	$111,147	$116,582	$135,013	$142,439	$89,736	$113,481	$119,586	$105,917	5.92%

Risk (*as measured by annualized standard deviation)

Oristano Capital: 16.64

S&P 500: 24.10