XTF Names Gerald Buetow, Jr. Chief Investment Officer; Quantitative Modeling Expert and Former Prudential Fund Manager to Manage Firm's Exchange-Traded Fund-Based Investment Strategy

Business Wire, Sept 12, 2006

NEW YORK -- XTF, an investment company specializing in building, managing and trading diversified exchange traded funds-based portfolios, has named Gerald (Jeff) Buetow, Jr., its chief investment officer. An expert in investment quantitative analysis and an experienced analyst and portfolio manager, Buetow will direct XTF's investment strategies.

"Jeff has built an excellent track record of managing assets across a wide range of investment strategies and styles," said Michael Woods, chief executive officer of XTF. "We expect him to make a major contribution to the firm and help XTF's portfolios continue to provide strong performance and diversification as we grow into new markets."

Buetow's career spans more than 15 years in both the private and academic sectors. Prior to joining XTF, he had been director of research at Atlantic Asset Management in Stamford, Conn., and vice president of curriculum development at the CFA Institute in Charlottesville, Virginia. Concurrently, he was President and Founder of BFRC Services, LLC a quantitative financial consulting firm in Charlottesville, VA.

Earlier, Buetow was Wheat First Professor of Quantitative Finance at James Madison University in Harrisonburg, Va., where he was also the Director of the Quantitative Finance program. He was also director of quantitative research at Prudential Investments in Short Hills, N.J., where he successfully managed an enhanced index fund using sophisticated algorithms. Buetow also created various derivative based structured products during his tenure at Prudential.

"XTF is a company leading the way in building ETF-based portfolios, and we believe that we have strong strategies for providing our clients with highly effective products that will provide the kind of transparency, low fees, asset allocation and tax-efficiency that people have come to expect from ETFs," said Buetow.

Buetow holds a B.S. degree in electrical engineering, an M.S. in economics, and a Ph. D. in finance and econometrics, all from Lehigh University, as well as an M.S. in finance from the University of Texas. He is also a Chartered Financial Analyst and has written books and several articles in journals such as the Journal of Fixed Income, the Journal of Financial Engineering, and the Journal of Portfolio Management.

About XTF

XTF LP and its subsidiaries, XTF Capital, XTF Advisors, ETF Brokerage and XTF Market Makers, together comprise a financial services company dedicated to bringing the myriad benefits and efficiencies of exchange traded funds to investors. The company, based in New York and founded in 2000, builds ETF portfolios designed to offer stronger, more consistent returns with lower costs, greater tax efficiency and improved transparency versus other investment choices. XTF's ETF portfolios allow its clients to take full advantage of XTF's impartial ETF research and proprietary quantitative investment discipline. More information can be found at www.xtf.com.