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RISK DISCLOSURE STATEMENT

Please scroll down the page to accept or decline the Terms & Conditions.

IF YOU WOULD LIKE TO VIEW THE FRONTIER FUND PROSPECTUS, IN ITS ENTIRETY, PLEASE CLICK HERE. To obtain a hard copy of the Prospectus, please call your financial advisor. Please note this offering is made only through FINRA members, who must prominently display their names to potential investors.

YOU SHOULD CAREFULLY CONSIDER WHETHER YOUR FINANCIAL CONDITION PERMITS YOU TO PARTICIPATE IN A COMMODITY POOL. IN SO DOING, YOU SHOULD BE AWARE THAT FUTURES AND OPTIONS TRADING CAN QUICKLY LEAD TO LARGE LOSSES, AS WELL AS GAINS. SUCH TRADING LOSSES CAN SHARPLY REDUCE THE NET ASSET VALUE OF THE POOL, AND CONSEQUENTLY, THE VALUE OF YOUR INTEREST IN THE POOL. IN ADDITION, RESTRICTIONS ON REDEMPTIONS MAY AFFECT YOUR ABILITY TO WITHDRAW YOUR PARTICIPATION IN THE POOL.

IN SOME CASES, COMMODITY POOLS MAY BE SUBJECT TO SUBSTANTIAL CHARGES FOR MANAGEMENT, ADVISORY AND BROKERAGE FEES. IT MAY BE NECESSARY FOR THOSE POOLS THAT ARE SUBJECT TO THESE CHARGES TO MAKE SUBSTANTIAL TRADING PROFITS TO AVOID DEPLETION OR EXHAUSTION OF THEIR ASSETS. THE PROSPECTUS OF THE FRONTIER FUND CONTAINS A DESCRIPTION OF THE PRINCIPAL RISK FACTORS, EACH EXPENSE TO BE CHARGED TO THE FRONTIER FUND AND A STATEMENT OF THE AMOUNT, AS A PERCENTAGE RETURN AND DOLLAR AMOUNT, NECESSARY TO BREAK-EVEN, THAT IS, TO RECOVER THE AMOUNT OF YOUR INITIAL INVESTMENT.

THE REGULATIONS OF THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") REQUIRE THAT PROSPECTIVE INVESTORS RECEIVE A DISCLOSURE DOCUMENT WHEN THEY ARE SOLICITED TO INVEST FUNDS IN A COMMODITY POOL AND THAT CERTAIN RISK FACTORS BE HIGHLIGHTED. THIS DOCUMENT IS READILY ACCESSIBLE AT THIS SITE AND FROM THE FINANCIAL INDUSTRY REGULATORY AUTHORITY ("FINRA") MEMBERS THAT ARE SELLING AGENTS OF THE FRONTIER FUND. THIS BRIEF STATEMENT CANNOT DISCLOSE ALL OF THE RISKS AND OTHER FACTORS NECESSARY TO EVALUATE YOUR PARTICIPATION IN THE FRONTIER FUND. THEREFORE, YOU SHOULD PROCEED DIRECTLY TO THE PROSPECTUS AND STUDY IT CAREFULLY TO DETERMINE WHETHER SUCH TRADING IS APPROPRIATE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. YOU ARE ENCOURAGED TO ACCESS THE PROSPECTUS BY CLICKING ON THE ABOVE LINK. YOU WILL NOT INCUR ANY ADDITIONAL CHARGES BY ACCESSING THE PROSPECTUS. YOU MAY ALSO REQUEST DELIVERY OF A HARD COPY OF THE PROSPECTUS, WHICH ALSO WILL BE PROVIDED TO YOU AT NO COST. THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY FRONTIER FUND SERIES, NOR ON THE ADEQUACY OR ACCURACY OF THE PROSPECTUS.

PLEASE ACKNOWLEDGE YOUR UNDERSTANDING OF THIS IMPORTANT STATEMENT.

****** TERMS AND CONDITIONS ******

In order to use this site, you must accept the Terms and Conditions ("T&Cs") of use of this website. Click here to view the T&Cs. (Please review these T&Cs carefully).

The RDS and T&Cs are accepted by selecting the "I ACCEPT AND ACKNOWLEDGE" button below. Acceptance by any representative of an entity is acceptance by that entity. By selecting the "I ACCEPT AND ACKNOWLEDGE" button below or by otherwise accessing this site, the user or representative acknowledges that he or she has read these RDS and T&Cs. If you do not agree with these RDS and T&Cs, please select the "I DO NOT ACCEPT" button below. If the "I DO NOT ACCEPT" button is selected, further entry to the website will not be permitted. If you review the Prospectus, you will still need to accept or decline the T&Cs before you can gain access to the site.

We reserve the right to amend this RDS and the T&Cs at any time. These T&Cs were last modified on May 23, 2008.

Executive Committee

Richard E. Bornhoft, Chairman of the Executive Committee, The Frontier Fund and Chief Investment Officer, Equinox Fund Management, LLC

Richard has almost 30 years of experience as an investment manager specializing in the creation, evaluation, and risk monitoring of managed futures investment portfolios for institutional and individual investors. A pioneer in the managed futures industry, he founded The Bornhoft Group in 1985. At The Bornhoft Group, he created the first multi-manager futures fund for investment by large institutions and pension plans. Over the course of his career, he has designed and monitored managed futures portfolios for approximately 20 pension plans, corporations and banking institutions throughout the world. Thus far in his career, he has allocated more than $1.9 billion in assets.

Richard has served on numerous arbitration boards and committees of regulatory and industry organizations. He is a frequent speaker at international conferences and symposiums on alternative investments. He has written a number of articles in leading financial publications and is a contributing author to The Handbook of Managed Futures—Performance, Evaluation and Analysis and Searching for Alpha—The Quest for Exceptional Investment Performance. Richard was a founding partner of Morningstar Hedge, Inc.

Ajay Dravid, Member of the Executive Committee, Equinox Fund Management, LLC, Sponsor of The Frontier Fund and MutualHedge

Dr. Ajay Dravid has more than 25 years of experience in financial services and academia. He is an Adjunct Professor of Finance at the Fox School of Business, Temple University, and has also taught MBA and Executive MBA courses at Columbia University, NYU, and Villanova University. He is a member of the Advisory Board of Bridgehampton Capital Management, a hedge fund company. From 2004 through 2006, Ajay was President of Saranac Capital Management, a separate entity spun-out from Citigroup Alternative Investments to manage more than $3 billion in hedge fund assets. From 1993 to 2004, he helped to build and manage the hedge fund businesses and platforms at Salomon Brothers Asset Management (and its successors, Citigroup Asset Management and Citigroup Alternative Investments). He was involved in the structuring and marketing of funds, portfolio management, quantitative analysis, risk management, and client service. Between 1988 and 1993, Ajay was an Assistant Professor of Finance at the Wharton School. Prior to 1988, he worked as a Financial Analyst and Management Accountant for several large manufacturing corporations in India and Dubai. Ajay holds an MA in Physics from SUNY at Stony Brook, an MBA from the University of Rochester, and a PhD in Business from Stanford University.

Robert J. Enck, President and Chief Executive Officer, Equinox Fund Management, LLC, Sponsor of The Frontier Fund and MutualHedge

Bob Enck has substantial senior-level management and business development experience. His career includes extended tenures with large, established companies, such as Bristol-Myers Squibb, and fast-growing, venture-funded organizations, such as Beansprout Networks. Prior to joining Equinox in March, 2007, he served as Senior Managing Director with The Hermes Group LLC, a merchant banking and corporate advisory firm providing strategic advisory services, including interim executive management, acquisition and divestiture services. Prior to his work with Hermes, he was general manager and vice president of Quintiles, a $2 billion pharmaceutical services firm. Bob holds a BS degree in Natural Sciences from St. John's University, Collegeville, MN and an MBA in Management from the University of St. Thomas, St. Paul, MN.