Equinox Fund Management, LLC Appoints New Member to Executive Committee

DENVER--(Business Wire)--
Equinox Fund Management, LLC ("Equinox"), a commodity pool operator and sponsor
of The Frontier Fund, announces the appointment of Ajay Dravid, Ph.D. to its
Executive Committee. The Frontier Fund is a public managed futures fund with a
family of products available to retail investors. The Fund carries a low minimum
investment requirement ($1,000 in most states) and features daily liquidity.

Dr. Dravid replaces John R. Zumbrunn, Ph.D., who served on the Executive
Committee from August 2003 through March 20, 2009. Dr. Zumbrunn retired from his
post in order to dedicate himself more fully to his private investment advisory
and consulting practices.

Dr. 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, Dr. Dravid 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, Dr. Dravid 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, he 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.

Dr. Dravid 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.

"We are extremely pleased that Ajay Dravid has joined the Executive Committee,"
stated Robert J. Enck, President and Chief Executive Officer. "We thank John
Zumbrunn for his excellent years of service, and for the invaluable guidance he
has provided to The Frontier Fund in its development as one of the foremost
public managed futures funds. We believe that Dr. Dravid is joining Equinox and
The Frontier Fund at a very promising point, and look forward to his insight and
his sage, professional counsel."

The Frontier Fund

The Frontier Fund is a family of public managed futures funds with more than
$650 million in assets under management as of March 13, 2009, a new milestone.
As a public managed futures fund, The Frontier Fund is regulated by the SEC, the
NFA and FINRA. The Fund is subject to public reporting requirements, and
operates trading activity in separate, segregated accounts.

The Frontier Fund is the only public managed futures fund to offer daily
liquidity. Other Fund features include no-cost switching among its family of
eight* product offerings, low minimums, and low correlation to stocks and bonds.

The Frontier Fund is publicly available to non-accredited investors in most
states. The Fund is accessible through many of the largest and most prominent
Broker Dealers, as well as through Registered Investment Advisers, and is on
several institutional platforms.

PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

This is not an offer to sell or a solicitation of an offer to buy interests in
The Frontier Fund or any other security. Such offer can be made only by
Prospectus, which is available upon request.

Opinions expressed herein are current opinions as of the date appearing in this
material only. Equinox Fund Management, LLC, The Frontier Fund and their
affiliates do not warrant the information provided in this presentation. While
reliable methods were used to obtain information for this presentation, there
can be no guarantee of the information for accuracy or reliability. In no event
should anything contained herein be construed as an express or implied promise,
guarantee or implication by Equinox, the Fund or its affiliates that investment
objectives will be met, that they will be profitable, or that they will be able
to avoid losses.

* There are currently eight series, seven of which are open to new investment.
The Series of The Frontier Fund are sold exclusively through FINRA-member firms.
Please see the Prospectus for further details.

Equinox Fund Management, LLC
Robert J. Enck, 303-572-1000
benck@equinoxllc.com
www.thefrontierfund.com

Copyright Business Wire 2009