Proprietary Capital LLC – History

December 2007 Firm assets exceed $325 million.

July 2007 The Lynx Fund celebrated its 10 year anniversary with an annualized net return of 9.21% and a standard deviation of 2.80%. For the same period, The Lynx Fund out performed the Lehman Agg and S&P which had returns of 6.05% and 6.73% respectively.

October 2006 Started individually managed account with total assets of $130MM.

April 2005 Received funding for individually managed account for a Hedge Fund Index.

November 2004 Lynx Fund I (Master Fund), LP assets surpasses the $200 million mark.

February 2004 Lynx Fund I (Master Fund), LP assets surpass the $100 million mark

February 2003 Launched the Lynx Fund I (Master Fund), LP and Lynx Fund I (Offshore) Ltd, both domiciled in the Cayman Islands. The creation of these funds completed the master-feeder structure for the Lynx Fund portfolio, thus allowing offshore investors the ability to invest in the Lynx Fund portfolio

December 2002 Lynx Fund generated 17.39% in the calendar year ending 2002, once again ranking among the best performing Funds in the MBS/Fixed Income Hedge Fund universe

December 2001 Lynx Fund generated 21.34% in the calendar year ending 2001, ranking among the best performing Funds in the MBS/Fixed Income Hedge Fund universe

July 1999 The Counter Bond Index ("CBI"), the first index in existence to measure the performance of the Trust Interest-Only Mortgage securities market, is introduced to the institutional marketplace

December 1998 Generated 6.12% in the calendar year ending 1998, a period in which many MBS/Fixed Income hedge funds experienced sizeable drawdowns

July 1997 The Lynx Fund I, LP is launched.

May 1997 Proprietary Capital is incorporated in the state of Delaware by its two principal owners Craig Cohen and Bryan Roche



Proprietary Capital LLC              Denver, Colorado              (303) 575-9084