Effective February 11, 2009, Unique ETF Fund, With About $10 Million AUM, Evolves From Adviser's Composite With Returns Of 32.03% in 2008, And 41.09% Since Inception 04/01/2007.

CHARLOTTESVILLE, Va., April 24 /PRNewswire/ -- Sherwood Forest Capital Management announced today that effective February 11, 2009, it has launched no-load, Sherwood Forest Long/Short Fund (SFCMX), investing in exchange-traded funds ("ETFs"), both U.S. and overseas.

In making the announcement, Douglas Stewart, Portfolio Manager, said, "This unique ETF fund commences with some $10 million in assets, which we managed previously as separate accounts for our Firm's clients." The previous composite returns (net of fees) were +32.03% for the year ending 12/31/08; and, +41.09% since inception in 04/01/07.

"Now, with this new mutual fund structure," Mr. Stewart said, "We have made our 'proprietary methodologies' for investing in ETFs more widely available to investors."

In describing the Fund's strategy, Mr. Stewart said, "SFCMX uses proprietary technical analysis to determine investments viable for the fund. We scan many sectors and indices looking for investment opportunities, finding long opportunities are treated with the same priority as the opportunities to short. Without a directional bias, we are focused strictly on managing the risk of the portfolio."

"The combination of a realistic perspective of cause and effect, an unattached and unemotional distance from any one belief, and a disciplined application of risk management techniques to portfolio management," Mr. Stewart explained, "are the keys to the success we experience at Sherwood Forest Capital Management."

The Sherwood Forest Long/Short Fund seeks to achieve long-term capital appreciation. To achieve its investment objective, the Fund applies proprietary, trend-following methodologies to invest in exchange-traded funds ("ETFs") which represent general asset classes, including: both U.S. and overseas equity markets; U.S. fixed income markets; broad commodity indices; and the U.S. Dollar. The fund's portfolio may include ETFs which invest in both developed and emerging markets in Europe, the Far East, the Middle East, Africa, Australia, Latin America and North America. The Adviser's top-down strategies and methodologies are designed to profit from market trends in both directions in these classes, with little regard for fundamental research and/or analysis of individual equity or debt securities. The individual components/ETFs work together to lower fund volatility through diversification of asset classes, while the trend-following methodologies provide returns which are typically uncorrelated to traditional managers and investment "styles."

For more information and/or a copy of our 1st Quarter Report/2009, call: Steven O'Leary, Client Relations - at 800-718-0556; Email: soleary@sfcmva.com and/or visit our website: www.sfcmva.com.

SOURCE Sherwood Forest Capital Management