Veteran Investment Advisers Join Forces to Launch River Rock IV Fund

Atlanta, GA, October 16, 2012 – FISCO Funds Management LLC, a U.S.-based family of alternative investment managers, and OP 8 Analytics LLC today announced a joint venture to launch a new investment management company, CARF Management LLC.

The new firm will serve as investment advisor to the River Rock IV Fund expected to launch in Q4. The new mutual fund, designed to be actively managed with an emphasis on safety and preservation of wealth, will provide investors the opportunity to maintain a permanent allocation to an alternative investment strategy.

According to Kevin Ellis, a principal at FISCO Funds Management and CARF’s Chief Operating Officer, FISCO and OP 8 share a belief that successful investing is about minimizing loss.

“Static allocations to portfolio classes and simple buy-and-hold strategies are no longer viable in today’s volatile environments,” said Mr. Ellis. “Our mission is to actively manage the River Rock IV portfolio in an attempt to enhance returns while seeking to maintain a core of safety and stability that may protect and grow wealth.”

CARF’s principals bring more than 100 years of investment management experience running hedge funds and providing separate account management services to high net-worth clients.

Tim Price, CARF’s Chief Investment Officer and CIO of OP 8 Analytics, believes that investors have been slow in adapting to the rigors of the secular bear market.

“We expect the bear market to continue for at least a decade,” says Mr. Price, “and we’re going to offer our clients an actively managed investment that may not subject them to the whims of the market’s direction.”

The CARF team believes the River Rock IV Fund will redefine the mutual fund investment experience by bringing an alternative assets investment strategy to the marketplace with an emphasis on balanced growth and preservation of capital.

“The investment management business is about maintaining the trust and confidence of clients,” says Mr. Ellis. “We plan to ensure that this important responsibility remains the consistent mindset of CARF.”

For more information the River Rock IV Fund, call Kevin Ellis at 678-905-5723.

About CARF Management LLC:
CARF Management LLC (CARF) is co-owned by FISCO Funds Management and OP 8 Analytics, LLC. CARF was developed by industry veterans to deliver a product that incorporates a number of diverse global, low-correlated asset classes to produce better returns during any economic cycle including periods of prosperity, inflation, deflation and recessions. CARF uses decades of global investment experience and leading-edge dashboard risk analysis to help Registered Investment Advisors manage through what they believe is the “new normal” in the marketplace.

About FISCO Funds Management LLC:
Founded in 2002 and located in Atlanta, FISCO Funds Management (FISCO) is a US based family of alternative investment managers committed to delivering positive returns to sophisticated investors. FISCO believes that an investment approach that utilizes the available premium associated with Index Options can be profitable while remaining largely uncorrelated to the equity and fixed income markets. The FISCO fund offerings chart a course to absolute returns for institutional investors using hedge fund products and will be launching their first retail product with CARF in Q4 of 2012.

OP 8 Analytics LLC
Based in Minneapolis, Op 8 Analytics LLC is a financial services firm known for their quantitative analysis of commodities and rules-based modeling system to trade stocks and bonds. Portfolio Managers developed and implement their proprietary dashboard output called “The Dynamic Indicator” which is updated weekly for clients. The Dynamic Indicator reviews valuation, contagion, long-term momentum, PTI momentum and economic trends.

Investors should carefully consider the investment objectives, risks, charges and expenses of the River Rock IV Fund. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 800-297-9287. The prospectus should be read carefully before investing. The River Rock IV Fund is distributed by Northern Lights Distributors, LLC member FINRA.
CARF Management, LLC, Op 8 Analytics, LLC, FISCO Funds Management, LLC and Northern Lights Distributors, LLC are not affiliated.

Mutual Funds involve risk including possible loss of principal.

This is an actively managed dynamic portfolio. There is no guarantee that any investment (or this investment) will achieve its objectives, goals, generate positive returns, or avoid losses. Investments in commodities may be especially volatile.

The Fund will invest a percentage of its assets in derivatives, such as futures and options contracts. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities and commodities underlying those derivatives. The Fund may experience losses that exceed losses experienced by funds that do not use futures contracts and options.

Investing in the commodities markets through commodity-linked mutual funds or Exchange-Traded Funds (“ETFs”) or Exchange-Traded Notes (“Exchange-Traded Notes”) will subject the Fund to potentially greater volatility than traditional securities.

Although the prices of equity securities and fixed-income securities, as well as other asset classes, often rise and fall at different times so that a fall in the price of one may be offset by a rise in the price of the other, in down markets the prices of these securities and asset classes can also fall in tandem. Because the fund allocates its investments among different asset classes, the fund is subject to correlation risk.

Credit Risk is when issuers do not make interest or principal payments on securities, resulting in losses to the Fund. In addition, the credit quality of securities held by the Fund may be lowered if an issuer’s financial condition changes.

Typically, a rise in interest rates causes a decline in the value of fixed income securities.

The use of leverage, such as engaging in reverse repurchase agreements, entering into futures contracts or forward currency contracts, and engaging in forward commitment transactions, may magnify the Fund’s gains or losses. Because many derivatives have a leverage component, adverse changes in the value or level of the underlying asset, reference rate or index can result in a loss substantially greater than the amount invested in the derivative itself.

The Fund is a new mutual fund and has a limited history of operation.

The Fund is non-diversified, meaning that the Fund is permitted to invest more of its assets in fewer issuers than “diversified” mutual funds.

If a put or call option purchased by the Fund were permitted to expire without being sold or exercised, the Fund would lose the entire premium it paid for the option. The risk involved in writing a put option is that there could be a decrease in the market value of the underlying future, security, currency or other asset. If this occurred, the option could be exercised and the underlying future, security, currency or other asset would then be sold to the Fund at a higher price than its current market value. The risk involved in writing a call option is that there could be an increase in the market value of the underlying future, security, currency or other asset. If this occurred, the option could be exercised and the underlying future, security, currency or other asset would then be sold by the Fund at a lower price than its current market value.

Securities or other investments selected using quantitative methods may perform differently from the market as a whole.

ETF’s are subject to specific risks, depending on the nature of the underlying strategy of the fund. These risks could include liquidity risk, sector risk, as well as risks associated with fixed income securities, real estate investments, and commodities, to name a few.

Increased portfolio turnover may result in higher brokerage commissions, dealer mark-ups and other transaction costs and may result in taxable capital gains. Higher costs associated with increased portfolio turnover may offset gains in a Fund’s performance.

1568-NLD-10/9/2012

Direct investments in individual smaller and medium capitalization companies may be more vulnerable than larger, more established organizations to adverse business or economic developments.

Contact:
Kevin V. Ellis
Chief Operating Officer
FISCO Funds Management LLC
1899 Powers Ferry Road SE
Suite 120
Atlanta, GA 30339
678-905-5723
kellis@carfmanagement.com
http://www.riverrockinvestors.com