In This Edition of Theta News: * Theta Research is featured at Puget Sound MTA Chapter meeting. * Theta Research Announces Recent New Manager and Model * Refer an Active Manager to Theta Research Theta is Featured at the Puget Sound Chapter of the Market Technicians Association (MTA): On June 16^th, Mike Posey, Theta Research’s Marketing Director was the featured speaker at the Puget Sound MTA Chapter meeting. In this presentation, Mike shared his insight on the due diligence process drawn from his more than 16 years of finding, evaluating and marketing managed accounts. Using prior MTA presentations as a springboard, Mike focused on why it is important for Investment Managers to have a track record consisting of actual, verified returns. He also discussed the inherent limitations of backtesting from a due diligence standpoint and why it’s especially important for early-stage Investment Managers to document their performance in real-time trading. Announcing the Addition of New Manager and Models: Dr. Gary Harloff, current Theta Investment Manager and founder of Harloff Capital Management, has expanded his University Beta Strategies by adding the Emerging Markets - Equity model. This brings Dr. Harloff’s total number of tracked accounts to eight. However, the Emerging Market and other University Beta strategies recently added by Dr. Harloff just began trading, so they will not show up on the Theta website until they have three months of track record. The Investor Zone Team, has initiated tracking of its Long/Short Growth Strategy. The Investor Zone Team is a signal developer and the tracking account will show how those signals should have performed in actual trading. Theta Research has verified the actual performance of this model back to its inception of January 1, 2016. Do You Know an Investment Manager That Should be Listed on Theta’s Database? Investment Managers are always seeking to find ways to attract the attention of individual investors, institutions and other Investment Advisors. This is especially true among those looking for strategies that seek to manage risks and provide uncorrelated returns. As Theta continues to grow, our focus on actively managed strategies is an attractive and low-cost way to not only document actual performance, but also have it verified by an independent third party. If you come across any active investment managers or signal developers who could use some market exposure, send them our way. Just have them call Mike Posey at (512) 826-5553, send an e-mail to Mike@ThetaResearch.com or contact us through our online contact form. If you prefer, you can also get in touch with Mike and he will make the initial contact.

It’s been a busy few weeks here at Theta Research since the NAAIM Uncommon Knowledge Conference. We have added seven new strategies to the list of tracked models, one with a track record going back to 1992. These strategies have come from new Investment Managers as well as new strategies from existing Managers. Included in that number are the following:   Models Added by Existing Theta Investment Managers  Dr. Gary Harloff, current Investment Manager and founder of Harloff Capital Management, announces the expansion of his University Beta Strategies, adding the Equity, High-Yield Bond and Government Bond models. This brings Harloff’s total number of tracked accounts to seven. All of these latest strategies are new and do not yet have three months of track record.  Another current Theta Investment Manager, Ryan Redfern, ChFC, owner and CIO of Shadowridge Asset  Management, LLC has added a model named SDW Core 403(b) (mod-aggr) Strategy. Theta has established tracking of this model as of its inception date of October 1, 2013.  One of our newest Investment Managers, Carbon Beach Asset Management has added its Carbon Beach Concentrated Deep Value Strategy. This model will not appear on the public website due to its being limited to Accredited Investors. However, qualified investors and investment professionals may access  this strategy via Theta’s Guest Pass by contacting Colin Macintosh or Toby Carlisle.  New Investment Managers Added to the Theta Database:  New Investment Manager, Steve Rumsey, founder and CIO of Optimus  Advisory Group, has submitted his Tactical High-Yield Bond strategy for tracking. Theta Research has independently documented the track record of this model back to its original inception date of November 1, 2013.  Bruce P. DeLaurentis, founder of Kensington Analytics, LLC has submitted his High-Yield Bond strategy for tracking. This strategy’s track record has been independently verified by Theta Research back to its original inception date of January 1, 1992, making it the longest track record currently found on Theta’s database.          

…But First, a New Investment Manager Joins Theta Research Michael Kieffer, Founder and Portfolio Manager of Kieffer Capital, LLC introduces the Covered Options Investment Strategy. Theta Research has verified the actual performance of this model back to its inception date of 01/31/2013. Theta Research Radio Interview Theta’s Marketing Director, Mike Posey, was featured in an interview on Strategic Investor Radio. Conducting the Interview was Charley Wright, a 30-year veteran in the investment industry and is the Host of Strategic Investor Radio. Charley is a Fee-Only Investment Advisor with Partnervest Advisor Services, LLC and focuses on strategies designed to protect asset values in declining markets while capturing gains in rising markets. In other words, Charley’s professional focus is on the kind of active investment managers you’ll find on the Theta Research database. The podcast was carried on OC Talk Radio, located in the heart of Orange County, California and was originally aired in 2015. However, you can now find a recorded version of Mike’s interview on the Theta Research home page. Education Webinar Featuring Theta Research Theta Research was also featured in an educational webinar sponsored by the Market Technicians Association (MTA). The MTA Educational Web Series consists of hour-long webcast seminars featuring recognized industry professionals and are hosted several times each month. In his presentation entitled, “The Importance of Actual Returns in the Due Diligence Process” Mike Posey discussed some of the perils and pitfalls of using hypothetical returns when marketing model portfolios, and how they can be of only limited use in the due diligence process. He also shared lessons learned from his more than 16 years in evaluating and marketing third-party investment managers Mike’s comments were based closely on the Theta Research white paper of the same title. As with the radio interview, a copy of this webcast can be found on the Theta Research home page

Theta News – More New Active Models on Theta In This Edition of Theta News: * Theta Research is featured at Houston, Texas MTA Chapter meeting. * The Growth Continues – Theta Research Announces Recent Addition of New Managers and Models Theta is Featured at the Houston, Texas Chapter of the Market Technicians Association (MTA): On Tuesday, March, 1, 2016, Mike Posey, Theta Research’s Marketing Director was the featured speaker at the Houston MTA Chapter meeting. Like his previous presentation to the Austin MTA Chapter, Mike shared his experienced-based insight on the due diligence process. Mike’s goal is to highlight business concerns once the heavy lifting of creating a trading model is done. The presentation was primarily educational in nature with a focus on why it is important for Investment Managers to have a track record made up of actual, verified returns. Mike also discussed the inherent limitations of backtesting from a due diligence standpoint and why it’s especially important for early-stage Managers to document their performance in real-time trading. Mike’s comments about his experience in the due diligence field closely follow those expressed in his recent white paper – The Importance of Actual Returns in the Due Diligence Process, a copy of which is available free of charge from Theta Research. Theta’s Growth Continues – Announcing the Addition of New Models by Existing Managers: Marty Kerns and Parker Binion of Kerns Capital Management announce the replacement of two prior strategies with their Sector Strength model. Sector Strength is part of Kerns’ Valarian Strategies and began tracking as of its inception date of December 1, 2015. Another existing Investment Manager, Dr. Gary Harloff of Harloff Capital Management, has added three additional strategies under his University Beta Strategies series. The new strategies are Equity, High-Yield Bond and Government Bond. Theta Research began tracking these strategies as of their original inception dates in February and March of this year. (Note that, as discussed the last edition of Theta News, the performance of these new strategies will not yet show up on the Theta subscription site since they do not have at least three months of actual performance data. In addition, two new Investment Managers and their models were added to Theta Research’s database but have chosen to remain anonymous.)