HISTORY
Michael J. Clarke, President of Clarke Capital Management, Inc., began his financial career in 1983 as an independent contractor, trading equities and options for Rice, Naegele & Associates in Chicago.  In 1985 he was hired by Shatkin Investment Corp. to trade the firm’s account on the Chicago Board Options Exchange, where the company was a clearing member.

During the stock market “crashes” of 1987 and 1989 many firms and option traders experienced severe losses and were financially hurt.  Although Mr. Clarke made profits during both crashes, and indeed was profitable every year he traded options, the subsequent downsizing of equity options arbitrage and lack of order flow from the public caused Clarke to begin to explore other trading opportunities.  It wasn’t very long before he became interested in futures trading.

After extensive study and computer development, Michael Clarke started trading his first system in 1990.  Though there was excellent performance, trading was curtailed after nine months because Clarke was not satisfied with the volatility and risk parameters he was using.  Over the next few years he developed new and better strategies.  Eventually the systems and techniques currently in use began to take form.

In 1993, Michael Clarke formed Clarke Capital Management, Inc., and registered with the Commodity Futures Trading Commission as a Commodity Trading Advisor (“CTA”).  As of 2006, Clarke Capital has seven different trading programs (most now closed to new investment), and combined assets of over 300 million dollars.

TRADING PHILOSOPHY
The Orion Program currently trades 27 domestic & international commodity interests, 13 of which are either long or short interest rate contracts reflecting interest rates in the US, EMU, the UK and Australia.  Also followed are several US and non-US currencies, grains, softs, meats, metals and fuels.  The program uses seven models.  Five of the models are intermediate time-frame focus with similar characteristics to those in the Global Basic and Global Magnum programs.  The other two models are long-term models and are variations of two of the more successful models used elsewhere by CCM. 

PERFORMANCE
Since trading began in 1999, the Orion Program has never experienced a losing period (“draw-down”) greater than -11.2%, thereby providing superior risk-adjusted returns for its investors. It has been frequently named one of the top diversified futures programs in the world by independent rating services such as International Traders Research and the Barclay Group.

Minimum Account Size:  $200,000

THERE IS SUBSTANTIAL RISK OF LOSS ASSOCIATED WITH TRADING COMMODITY FUTURES & FOREX. PLEASE READ THE CTA’S RISK DISCLOSURE DOCUMENT CAREFULLY BEFORE INVESTING MONEY.  PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.