HSBC Hedge weekly2013 no28

Hedge Weekly N°28Investment Funds Performance Review

HSBC Alternative Investment Group

Week of Monday 08 Jul to Friday 12 Jul 2013

Index by Strategies 3

Index by Funds 4

Top/Bottom 20 8

Newsletter 11

About This Document 50

Past performance is not a reliable indicator of future performance. HSBC Alternative Investment Group | 2

Convertible ArbitrageConvertible 11

Credit Long/ShortCredit 12

DistressedDistressed Security 15

Equity Long/ShortEquity-Commodity 17Equity-Diversified 18Equity-Energy 24Equity-Financial 25Equity-Healthcare 25Equity-Mid-Small Cap 25Equity-Pharma-Biotech 26Equity-Real Estate 26Equity-Technology 26Equity-Utility 27

Event DrivenEquity-Diversified 28Multi-Strategy 28

Fixed Income ArbitrageFixed Income 30

Fund of FundsArbitrage 31Event Driven 31Long/Short 31Macro 31Multi-Strategy 32Trading 32

Long OnlyEquity-Diversified 33

Macro

Commodity 34Commodity-Systematic 34Currency 34Diversified 35Fixed Income 38Systematic 38

Managed FuturesCommodity 39Currency 39Multi-Strategy 39Systematic 41

Market NeutralDiscretionary 42Equity Diversified 43Multi-Strategy 43Statistical Arbitrage 44Systematic 44

Merger ArbitrageMerger-Arbitrage 45

Multi-StrategyCredit 46Diversified 46

Volatility ArbitrageArbitrage 49

Past performance is not a reliable indicator of future performance. HSBC Alternative Investment Group | 3Source - HSBC

3

3G BRAZIL OFFSHORE FUND LTD 18

4

400 CAPITAL CREDIT OPPORTUNITI 14

A

A.R.T. INTERNATIONAL INVESTOR 43

ABSOLUTE INSIGHT CREDIT FUND B 12

ABSOLUTE INSIGHT EMERGING MARK 12

ABSOLUTE INSIGHT UK EQUITY MKT 42

ACUITY CORPORATE OPPORTUNITY F 12

ADELANTE EMERGING DEBT FUND 35

ADELPHI EMERGING EUROPE. FUND 18

ADELPHI EUR. FUND $ (A) 19

ADRIGO HEDGE 19

AETOS CORPORATION - CLASS A 45

AG MORTGAGE VALUE PARTNERS LTD 12

AG SUPER FUND INTERNATIONAL, L 28

AHL DIMENSION USD SHARES CLASS 46

AHL DIVERSIFIED 39

AHL EVOLUTION USD 39

AJIA-LIGHTHORSE CHINA GROWTH F 17

AJR INTERNATIONAL (BVI), INC. 23

ALLBLUE LIMITED 46

ALLIANCE BERNSTEIN SELECT US E 23

ALPHA4X CAPITAL GROWTH FUND 35

ALPHADYNE INVESTMENT STRATEGIE 35

ALPHAGEN HOKUTO FUND LTD - CLA 22

ALPHAGEN OCTANIS CLASS A 23

ALPHAGEN VOLANTIS FUND, LTD - 25

ALTIS MASTER FUND ICC - GLOBAL 39

ALYDAR FUND LTD 23

ALYSHEBA FUND LIMITED 23

AMAZON MARKET NEUTRAL FUND CLA 42

ANAVON MASTER FUND LTD CLASS - 21

ANTARES EUROPEAN FUND, LTD - U 19

AQUILUS INFLECTION FUND LTD E 19

ARCUS JAPAN FUND -JPY- 22

ARISTEIA INTERNATIONAL LTD 12

ARMAJARO COMMODITIES FUND CLAS 34

ARMAJARO EMERGING MARKETS FUND 18

ARMAJARO STS COMMODITIES FUND 34

ARROWGRASS MASTER FUND 46

ASCEND PARTNERS FUND II LTD - 23

ASGARD FIXED INCOME FUND LTD 12

ASIAN CREDIT HEDGE FUND 12

ASPECT DIVERSIFIED FUND - CLAS 39

AVIVA INVESTOR FIXED INCOME MA 38

B

BASSO INVESTORS LTD 11

BAY RESOURCES PARTNERS OFFSHOR 23

BEACH HORIZON FUND LTD 39

BEACH POINT TOTAL RETURN OFFSH 16

BEACONLIGHT OFFSHORE FUND LTD 21

BLACK DIAMOND RELATIVE VALUE L 42

BLACK DIAMOND, LTD - CLASS B ( 46

BLACKROCK EOS CLASS B USD COM 44

BLACKROCK MULTI-STRATEGY FUND 46

BLACKROCK 32 CAPITAL MASTER FU 44

BLACKROCK CAPITAL STRUCTURE IN 46

BLACKROCK EUROPEAN DIVERSIFIED 43

BLACKROCK FIXED INCOME GLOBAL 30

BLACKROCK OBSIDIAN FUND 30

BLACKROCK UK EQUITY HEDGE FUND 23

BLUE SKY JAPAN LTD - CLASS A 22

BLUEBAY CREDIT ALPHA LONG SHOR 12

BLUEBAY EMERGING MARKET FIXED 12

BLUECREST CAPL INTL LTD A USD 46

BLUECREST EMERGING MARKETS FUN 35

BLUECREST MULTI STRATEGY CREDI 12

BLUEMATRIX FUND CLASS -A- USD 43

BLUEMOUNTAIN CREDIT ALTERNATIV 12

BLUEMOUNTAIN EQUITY ALTERNATIV 49

BLUEMOUNTAIN LONG SHORT CREDIT 13

BLUETREND FUND, LTD - CLASS A 39

BNY MELLON ARX BRAZIL FUND SPC 18

BORONIA DIVERSIFIED FUND MASTE 40

BOUSSARD & GAVAUDAN HOLDING., 47

BREVAN HOWARD ASIA FUND LIMITE 35

BREVAN HOWARD COMMODITIES STRA 34

BREVAN HOWARD CREDIT CATALYSTS 13

BREVAN HOWARD CREDIT VALUE FU 13

BREVAN HOWARD EM. MKT STRATEGI 35

BREVAN HOWARD FUND, LTD - USD 36

BREVAN HOWARD INVEST. FUND - E 38

BREVAN HOWARD INVESTMENT FUND 34

BREVAN HOWARD M/S FUND, LTD – 47

BRIGADE LEVERAGED CAPITAL STRU 14

BROOKFIELD GLOBAL LISTED INFRA 21

BROOKFIELD GLOBAL REITS LONG S 26

BRUMMER MULTISTRATEGY 2XL, LTD 47

BRYN MAWR OFFSHORE LTD 44

BTG PACTUAL DISTRESSED MORTGAG 16

BTG PACTUAL GLOBAL EM. MKTS AN 36

BTG PACTUAL GLOBAL EQUITY OPPO 47

C

CAMPBELL GLOBAL ASSETS FUND LT 40



CANDLEWOOD SPECIAL SITUATIONS 15

CANDLEWOOD STRUCTURED CREDIT F 13

CANDLEWOOD STRUCTURED CREDIT H 13

CANYON BALANCED FUND LTD - CLA 15

CANYON VALUE REALIZATION FD, L 15

CAPEVIEW AZRI 2X FUND 19

CAPEVIEW AZRI FUND 19

CAPITAL FUND, LTD (THE) 36

CAPULA GLOBAL RELATIVE VALUE F 30

CASSIOPEIA FUND CLASS C 49

CASTLEROCK FUND LTD 23

CAXTON GLOBAL INVESTMENT LTD 36

CAZENOVE EURO EQ ABS RETURN FU 19

CAZENOVE UK ABSOLUTE TARGET FU 42

CC ASIA ABSOLUTE RETURN FUND 17

CCI HEALTHCARE PARTNERS LTD 25

CCP QUANTITATIVE FUND US$ ARIS 40

CERBERUS INTL. LTD CLASS A A/ 15

CHENAVARI CORPORATE CREDIT STR 13

CHENAVARI TORO CAPITAL I A 15

CHILTON CHINA OPPORTUNITIES FU 17

CLIVE FUND (The ) Class - A - 34

COBALT OFFSHORE LTD 23

COELI POWER SURGE FUND LTD 39


COMAC GLOBAL MACRO FUND 36

COMMONWEALTH OPPORTUNITY CAYMA 36

CONQUEST MACRO FUND, LTD (COMP 40

CONTRARIAN CAPITAL FUND I OFFS 15

CONTRARIAN EMERGING MARKETS OF 46

CQS ABS FEEDER FUND - CLASS -B 13

CQS ASIA FEEDER FUND LTD- CLA 11

CQS CONV & QUANT STRATS FEED F 11

CQS CREDIT LONG SHORT FEEDER F 13

CQS DIRECTIONAL OPP. FEEDER FU 47

CQS DIVERSIFIED FUND (SPC) LTD 47

CRABEL FUND SPC LTD CLASS A 40

CUMULUS ENERGY FUND CLASS A US 39

CYGNUS UTILITIES, INFRASTRUCTU 27

D

DAVIDSON KEMPNER DIST. OPP. IN 15

DAVIDSON KEMPNER INTL, LTD - C 28

DB EQUILIBRIA JAPAN FUND 42

DB EQUILIBRIA JAPAN FUND LTD 2 42

DB PLATINUM IV DBX SYSTEMATIC 40

DB PLATINUM V HERMES A.R. COMM 34

DIAMOND CAPITAL MANAGEMENT 32

DISCOVERY GLOBAL MACRO LTD CLA 36

DISCOVERY GLOBAL OPPORTUNITY F 36

DISCUS FEEDER LTD CL. B USD ST 40

DORSET ENERGY FUND, LTD - CLAS 24

DOUBLE BLACK DIAMOND LTD - SER 47

DOUBLE HAVEN CREDIT OPPORTUNI 12

DUET GLOBAL FUND PLUS 21

DUNN WMA UCITS 17

DYMON ASIA MACRO FUND (SERIES 34

E

EAGLE GLOBAL FUND 40

EAGLE QUANTITATIVE MACRO FUND 38

ECLECTICA FUND (THE) CLASS A E 36

EGERTON EUROPEAN DOLLAR CLASS 21

EGERTON EUROPEAN EQUITY EUR - 19

EIFFEL CREDIT OPPORTUNITIES FU 12

ELM RIDGE CAPITAL PARTNERS L.P 23

EMF FIXED INCOME FUND, LTD 30

EMINENCE FUND LTD A INITIAL S 23

ENNISMORE EUROPEAN SMALLER COM 25

EPISODE INC. CLASS A 36

EVEREST CAPITAL ASIA 17

EVEREST CAPITAL FRONTIER MARKE 18

EXANE ARCHIMEDES FUND CLASS A 26

EXANE MICROMEGAS FUND LTD- CLA 42

EXANE TEMPLIERS FUND 21

F

FEINGOLD OKEEFFE CAPITAL I OFF 13

FINISTERRE SOVEREIGN DEBT FUND 12

FIREBIRD NEW RUSSIA FUND, LTD 18

FIREBIRD REPUBLICS FUND, LTD 18

FORE MULTI STRATEGY FUND LTD 13

FORT GLOBAL CONTRARIAN 40

FORT GLOBAL DIVERSIFIED 40

FORTRESS ASIA MACRO FUND 35

FORTRESS MACRO FUND LTD. CLAS 36

G

GABELLI ASSOCIATES LIMITED - C 45

GAM DIVERSITY I INC - US$ CLAS 32

GAM DIVERSITY II INC - US$ CLA 32

GAM GLOBAL RATES HEDGE FUND 36

GAM TALENTUM ENHANCED EUROPE L 43

GAM TRADING II USD 32

GAMUT INVESTMENTS 36

GAVEA FUND LTD . CLASS A S/1 35

GEMS PROGR. FUND SICAV RECOVER 31

GEOSPHERE FUND, LTD 17

GLADE BROOK GLOBAL OFFSHORE FU 21

GLENVIEW CAPITAL PARTNERS (CAY 23

GLG EUROPEAN EQUITY ALTERNATIV 43

GLG EUROPEAN LONG SHORT FUND C 19

GLG MARKET NEUTRAL FUND - CLAS 47

GRAHAM GIF II PROPRIETARY MATR 40

GRAHAM GLOBAL INVESTMENT FUND 36



GRAHAM GLOBAL INVESTMENT FUND- 37

GREEN FUND LLC GREEN CLASS 35

GREEN T G2 FUND 13

GREENLIGHT CAPITAL OFFSHORE, L 25

GROWTH MANAGEMENT LTD 18

GRT TOPAZ OFFSHORE PARTNERS, L 26

GSA CAPITAL INTERNATIONAL FUND 44

H

HABROK LTD 19

HALCYON OFF. ASSET-BACKED VALU 16

HALCYON PARTNERS OFFSHORE FUND 47

HARBOUR HOLDINGS LTD 26

HARMONIC ALPHA PLUS MACRO FUN 37

HENDERSON JAPAN ABS RETURN FD, 22

HIGHBRIDGE CAPITAL CORPORATION 47

HIGHBRIDGE LONG/SHORT EQUITY F 23

HIGHBRIDGE QUANTITATIVE COMMOD 40

HIGHBRIDGE QUANTITATIVE COMMOD 40

HIGHBRIDGE STATISTICAL OPP. LT 44

HORSEMAN GLOBAL FUND USD 21

HSBC ALPHA FUND LTD - HSBC EUR 20

HSBC ASIAN ADVANTEDGE FUND 31

HSBC CREDIT MARKET OPPORTUNITI 31

HSBC EUROPEAN ALPHA FUND -EUR 20

HSBC GH FUND USD 32

HSBC HEDGE INVESTMENTS FUND 32

HSBC LEVERAGED GH FUND 32

HSBC MAA FUND USD 31

HSBC NEXT GENERATION FUND NNI 32

HSBC SPECIAL OPPORTUNITIES FUN 31

HSBC TRADING ADVANTEDGE FUND 32

HSBC UCITS ADVANTEDGE FUND -US 32

HT ASIAN CATALYST FUND LLC 17

HUDSON BAY INTERNATIONAL FUND 43

HUTCHIN HILL CAPITAL OFFSHORE 47

I

III FUND LTD 30

III RELATIVE VALUE CREDIT STRA 30

III SELECT CREDIT FUND LTD CLA 13

INVICTA OFFSHORE FUND LTD 23


IVORY CAPITAL ENHANCED STRATEG 23

IVORY CAPITAL FLAGSHIP STRATEG 24

J

JABCAP EMEA FUND CLASS X1 18

JABCAP GLOBAL BALANCED FUND LT 47

JABCAP GLOBAL CONVERTIBLE FUND 11

JABCAP MULTI STRATEGY FUND LTD 47

JENOP GLOBAL HEALTHCARE FUND L 25

JOHO FUND, LTD-A- 17

JPMORGAN PORT. STRAT. FUNDS-EU 20

JPS CREDIT OPPORTUNITIES FUND 13

K

KALTCHUGA FUND - RUSSIA EQ. SU 18

KAMUNTING STREET OFFSHORE FUND 30

KEYNES LEVERAGED QUANTITATIVE 41

KG INVESTMENT FUND LLC 28

KIMA PAN ASIA OFFSHORE FUND - 17

KINETICS FUND, INC - A/A 24

KING STREET CAPITAL, LTD 15

KING STREET EUROPE LTD CLASS A 15

KINGDON CREDIT LTD A1/1 13

KINSALE COMPASS FUND 21

KLS DIVERSIFIED FUND LTD 30

KROM RIVER COMMODITY FUND 34

L

LANSDOWNE DEVELOPED MARKET FUN 21

LANSDOWNE EURO EQTY FD, LTD - 20

LANSDOWNE GLOBAL FINANCIALS FU 24

LAZARD RATHMORE FUND - CLASS A 11

LC CAPITAL OFFSHORE FUND, LTD 15

LIM ASIA MULTI-STRATEGY FUND C 43

LIM JAPAN FUND 48

LINDEN INTERNATIONAL LTD 47

LION FUND, LTD (THE) 45

LMR GLOBAL OPPORTUNITIES FUND 47

LNG EUROPA CREDIT FUND 46

LONDON DIVERSIFIED FUND, LTD - 30

LOOMIS SAYLES CREDIT LONG SHOR 13

LUCIDUS CAPITAL G4 FUND 13

LYNX (BERMUDA) LTD 41

M

M. KINGDON OFFSHORE NV - A/1 21

MACQUARIE ASIAN ALPHA FUND 42

MADISON STREET FUND L.P. 24

MAN GLG MULTI-STRATEGY FUND CL 48

MARATHON VERTEX JAPAN FD, LTD 22

MARCATO INTERNATIONAL LTD 28

MARLIN FUND LP 24

MARSHALL WACE - MW CORE A USD 20

MARSHALL WACE - MW EUREKA A1 E 21

MARSHALL WACE - MW EUROPEAN TO 20

MARSHALL WACE - MW GLOBAL FINA 24

MARSHALL WACE - MW GLOBAL OPPO 22

MARSHALL WACE - MW MARKET NEUT 42

MARTIN CURRIE ARF - GLOBAL RES 17

MARTIN CURRIE ARF - JAPAN FUND 22

MARTIN CURRIE EUROPEAN HEDGE F 20

MASTERS FUND LTD MAGNOLIA SERI 31

MAVERICK FUND, LTD - CLASS A/1 22

MBAM ACTIVE LONG SHORT 20

MELLON OFF GLOB OPP FUND LTD - 37

MELLON OFF. ALPHAACCESS FUND L 37

MERCHANT COMMODITY FUND (THE) 34

MIDOCEAN ABSOLUTE RETURN CREDI 14

MIDOCEAN CREDIT OPPORTUNITY FU 14

MILLENNIUM INTL LTD 48

MKP PARTNERS OFFSHORE LTD 30

MKP CREDIT OFFSHORE FUND 14

MKP OPPORTUNITY OFFSHORE, LTD 37

MLIS - CCI HEALTHCARE LONG SHO 25

MLIS - MARSHALL W. TOPS UCITS 42

MLIS OZ EUROPE UCITS FUND CLAS 28

MLM MACRO PEAK PARTNERS OFFSH 37

MONARCH DEBT RECOVERY FUND LTD 15

MONEDA ABSOLUTE RETURN LTD 28

MOORE GLOBAL INV FD, LTD - A $ 37

MOORE MACRO MANAGERS FUND, LTD 37

MS ASCEND UCITS FUND CLASS I E 22

MUDRICK DISTRESSED OPPORTUNITY 15

N

NEVSKY FUND PLC (COMPOSITE) 22

NEZU CYCLICALS FUND LTD 17

NORDIC ALPHA CLASS B - NOK 20

O

OCCO EASTERN EUROPEAN FUND A S 19

OCEANIC HEDGE FUND - CLASS A 17

OCP DEBT OPPORTUNITY INTERNATI 14

OCTAGON PAN ASIA FUND 18

ODEY EUROPEAN, INC (EUR) 20

OMEGA OVERSEAS PARTNERS, LTD 24

ONE WILLIAM STREET CAPITAL FUN 14

ONSLOW MACRO FUND CLASS A 37

ORTUS FUND (CAYMAN) LTD 39

OWL CREEK OVERSEAS FUND, LTD 28

OWS CREDIT OPPORTUNITY FUND 15

P

PALOMINO FUND LTD CLASS B ORIG 13

PAN ASIA OPPORTUNITIES FUND LT 43

PASSPORT GLOBAL STRATEGY FUND 22

PASSPORT LONG SHORT STRATEGY F 22

PASSPORT SPECIAL OPPORTUNITIES 28

PAULSON ADVANTAGE LTD -A- 28

PAULSON ADVANTAGE PLUS LTD 29

PAULSON CREDIT OPPORTUNITIES L 15

PAULSON ENHANCED LTD 45

PAULSON INTERNATIONAL, LTD 45

PAULSON RECOVERY FUND LTD 29

PEGASUS UCITS FUND 23

PELHAM LONG/SHORT FUND LTD CLA 20

PENSATO EUROPA FUND LTD EURO C 20

PERCEPTIVE LIFE SCIENCES OFFSH 26

PERRY PARTNERS INTERNATIONAL I 29

PERSHING SQUARE INTL.LTD 29

PHARO MACRO FUND LTD 37

PHARO TRADING FUND 35

PIMCO ABSOLUTE RETURN STRATEGY 30

PIMCO GLOBAL CREDIT OPPORTUNIT 14

PIMCO MULTI-ASSET VOLATILITY F 49

PINE RIVER ASIA FUND 11


PINE RIVER CONVERTIBLES FUND 11

PINE RIVER FIXED INCOME FUND L 30

PINE RIVER FUND CLASS -B1- SHA 48

PINE RIVER LIQUID MORTGAGE FUN 30

PINPOINT CHINA FUND CLASS A US 18

PINPOINT MULTI-STRATEGY FUND 37

PLATINUM FUND LTD 22

PLATINUM PARTNERS VALUE ARBITR 48

POLAR CAPITAL EUROP CONVICTION 20

POLAR CAPITAL EUROPEAN FORAGER 25

POLLUX BRAZILIAN EQUITIES FUND 19

PORTLAND HILL OVERSEAS FUND LT 48

PROLOGUE FEEDER FUND, LTD. CLA 30

Q

QVT OFFSHORE LTD CLASS 1-NR 48

R

RAB SPECIAL SITUATION FD LTD 25

RAVEN ROCK CREDIT OFFSHORE FUN 14

RBR EUROPEAN LONG SHORT LTD (E 20

REAL RETURN ASIA FUND LTD (THE 18

REDWOOD OFFSHORE FUND 16

RENAISSANCE INSTITUTIONAL DIVE 41

RENAISSANCE INSTITUTIONAL EQUI 24

RENAISSANCE INSTITUTIONAL FUTU 41

REVELATION SPECIAL SITUATIONS 29

ROSEMONT OFFSHORE FUND LTD CLA 44

RUBICON GLOBAL FUND, LTD 37

RUSSIAN PROSPERITY FUND - A 33

RWC SAMSARA FUND CLASS A EURO 20

RWC US ABSOLUTE ALPHA FUND - C 24

S

SAB OVERSEAS FUND LTD 24

SABA CAPITAL OFFSHORE FUND LTD 14

SAGIL LATIN AMERICAN OPPORTUNI 19

SEGANTII ASIA-PACIFIC EQUITY M 46

SELIGMAN TECH SPECTRUM FUND CL 26

SEMINOLE OFFSHORE FUND 24

SENVEST PARTNERS, LTD - CLASS 26

SIERRA EUROPE OFFSHORE, LTD - 20

SILVER POINT CAPITAL OFFSHORE 15

SINFONIETTA FUND 35

SKYLINE UCITS FUND INSTITUTION 19

SOLAISE SYSTEMATIC FUND LTD ( 41

SOLUS SOLA LTD CL. I 29

SOMERSET SPECIAL OPPORTUNITIES 29

SPF CREDIT SUISSE SECURITIZED 14

SPINNAKER GLOB OPP FUND, LTD C 35

SPINNAKER GLOBAL EMERGING MARK 46

SR GLOBAL FUND C - INTERNATION 22

SR GLOBAL FUND H - JAPAN (Real 22

SR GLOBAL FUND INC - G - GLOBA 19

SR PHOENICIA INC CLASS -A- SER 19

STANDARD PACIFIC CAPITAL -B- 22

STK CAPITAL GLOBAL EQUITIES 22

STONE LION FUND LTD CLASS A 16

STRATEGIC VALUE RESTRUCTURING 16

STRATUS FUND LIMITED CLASS B 48

SUSA EUROPEAN EQUITIES FUND CL 21

T

TELLIGENT GREATER CHINA FUND 18

TEWKSBURY INVESTMENT FUND, LTD 41

THE CAMBRIDGE STRATEGY - APOLL 36

THE CAMBRIDGE STRATEGY - ASIAN 34

THE CAMBRIDGE STRATEGY - EMERG 35

THE CAMBRIDGE STRATEGY - EXTEN 35

THEOREMA EUROPE FUND PLUS LTD 21

THIRD POINT OFFSHORE FUND LTD 29

THIRD POINT ULTRA 29

TILDEN PARK OFFSHORE INVESTMEN 14

TOSCA CLASS A - USD 25

TRADELINK INTEGRATED PROGRAM L 41

TRAXIS SIVIK GLOBAL HEALTHCARE 26

TRIAN PARTNERS LTD 29

TRICADIA CREDIT STRATEGIES, LT 14

TT INTERNATIONAL FUND 37

TT MID-CAP EUROPE LONG/SHORT F 21

TUDOR B.V.I GLOBAL FUND LTD -A 37

TUDOR B.V.I GLOBAL FUND LTD -A 37

TUDOR DISCRETIONARY MACRO FUND 37

TUDOR TENSOR FUND LIMITED CLAS 41

TULIP TREND FUND, LTD - A 41

TUSKER INVESTMENTS FUNDS 17

TWO SIGMA ABSOLUTE RETURN FUND 43

TWO SIGMA COMPASS CAYMAN FUND 41

TWO SIGMA HORIZON CAYMAN LTD 48

TYRUS CAPITAL EVENT FUND LTD 29

TYRUS CAPITAL OPPORTUNITIES FU 29

V

VAN ECK HARD ASSETS 2X FUND LT 17

VISIUM BALANCED OFFSHORE FUND 26

VISIUM CREDIT OPPORTUNITIES FU 14

VISIUM GLOBAL OFFSHORE FUND LT 48

VISIUM INSTITUTIONAL PARTNERS 25

VR GLOBAL OFFSHORE FUND LTD 16

W

WATERSTONE MKT NEUT OS FUND, L 11

WEISS MULTI-STRATEGY PARTNERS 48

WF ASIA FUND LTD S/1 18

WINTON EVOLUTION FUND (THE) 41

WINTON FUTURES FUND - CLASS B 41

Y

YORK ASIAN OPPORTUNITIES UNITS 28

YORK INVESTMENT LTD -CLASS A-U 29

Z

ZADIG FUND CLASS A1 21

ZEAL CHINA FUND LIMITED 18

ZWEIG-DIMENNA INTL LIMITED - C 24


TopInvestment Funds Return DateSR GLOBAL FUND H - JAPAN (Real Perf) 43.47 30 Jun 13

SENVEST PARTNERS, LTD - CLASS A 39.97 30 Jun 13

PERCEPTIVE LIFE SCIENCES OFFSH FUND, LTD 37.42 05 Jul 13

SINFONIETTA FUND 37.28 05 Jul 13

MARLIN FUND LP 36.77 31 May 13

CUMULUS ENERGY FUND CLASS A USD 35.50 05 Jul 13

PEGASUS UCITS FUND 31.55 05 Jul 13

BLUE SKY JAPAN LTD - CLASS A 28.94 31 May 13

GLENVIEW CAPITAL PARTNERS (CAYMAN), LTD. 28.82 30 Jun 13

RUBICON GLOBAL FUND, LTD 28.29 05 Jul 13

OWL CREEK OVERSEAS FUND, LTD 26.61 05 Jul 13

DUNN WMA UCITS 25.53 05 Jul 13

PAULSON RECOVERY FUND LTD 25.22 30 Jun 13

MERCHANT COMMODITY FUND (THE) - COMPOSITE 24.15 30 Jun 13

MARTIN CURRIE ARF - JAPAN FUND 23.27 08 Jul 13

ARCUS JAPAN FUND -JPY- 22.81 10 Jul 13

AJIA-LIGHTHORSE CHINA GROWTH FUND LTD 22.60 31 May 13

JABCAP MULTI STRATEGY FUND LTD CLASS D/1 NI 22.04 30 Jun 13

PALOMINO FUND LTD CLASS B ORIGINAL SERIES 21.22 31 May 13

KINETICS FUND, INC - A/A 20.34 05 Jul 13

BottomInvestment Funds Return DateRAB SPECIAL SITUATION FD LTD -27.00 30 Jun 13

CCP QUANTITATIVE FUND US$ ARISTARCHUS SH. -17.32 05 Jul 13

ORTUS FUND (CAYMAN) LTD -13.77 30 Jun 13

BREVAN HOWARD EM. MKT STRATEGIES FUND LTD -12.87 30 Jun 13

HIGHBRIDGE QUANTITATIVE COMMODITIES FUNDCLASS B

-11.87 31 May 13

HIGHBRIDGE QUANTITATIVE COMMODITIES FUNDCLASS A

-11.79 31 May 13

BLUETREND FUND, LTD - CLASS A -10.42 30 Jun 13

CONQUEST MACRO FUND, LTD (COMP) -9.59 10 Jul 13

WATERSTONE MKT NEUT OS FUND, LTD -9.07 05 Jul 13

ZEAL CHINA FUND LIMITED -7.70 05 Jul 13

FORT GLOBAL DIVERSIFIED -7.22 05 Jul 13

HARMONIC ALPHA PLUS MACRO FUND - USD CLASS -7.10 05 Jul 13

HSBC TRADING ADVANTEDGE FUND -6.74 21 Jun 13

EAGLE QUANTITATIVE MACRO FUND LTD -6.66 05 Jul 13

MARTIN CURRIE ARF - GLOBAL RESOURCES -6.36 08 Jul 13

EAGLE GLOBAL FUND -5.88 05 Jul 13

RENAISSANCE INSTITUTIONAL FUTURES FUND LP -5.82 05 Jul 13

ARMAJARO EMERGING MARKETS FUND CLASS -A- -5.72 05 Jul 13

DB PLATINUM V HERMES A.R. COMMODITY FUND -5.63 09 Jul 13

DOUBLE HAVEN CREDIT OPPORTUNITIES 04/04 -5.47 09 Jul 13

This ranking is for information only and should not be considered as exhaustive.


TopInvestment Funds Return DateBTG PACTUAL DISTRESSED MORTGAGE FUND 45.94 31 Dec 12

TILDEN PARK OFFSHORE INVESTMENT FUND LTD 41.34 31 Dec 12

BROOKFIELD GLOBAL REITS LONG SHORT STRATEGY 40.00 31 Dec 12

CQS DIRECTIONAL OPP. FEEDER FUND. Ltd – A NI USD 35.86 31 Dec 12

PINE RIVER FIXED INCOME FUND LTD 34.85 31 Dec 12

SENVEST PARTNERS, LTD - CLASS A 34.81 31 Dec 12

THIRD POINT ULTRA 34.47 31 Dec 12

BLACKROCK OBSIDIAN FUND 34.27 31 Dec 12

400 CAPITAL CREDIT OPPORTUNITIES 34.21 31 Dec 12

ASGARD FIXED INCOME FUND LTD 34.12 31 Dec 12

CHENAVARI TORO CAPITAL I A 32.42 31 Dec 12

MARLIN FUND LP 31.53 31 Dec 12

SR GLOBAL FUND H - JAPAN (Real Perf) 31.05 31 Dec 12

ODEY EUROPEAN, INC (EUR) 30.69 31 Dec 12

RBR EUROPEAN LONG SHORT LTD (Ex Rhine Alpha Stars) 29.45 31 Dec 12

PALOMINO FUND LTD CLASS B ORIGINAL SERIES 29.29 31 Dec 12

PINE RIVER LIQUID MORTGAGE FUND LTD 28.86 31 Dec 12

MARCATO INTERNATIONAL LTD 28.67 31 Dec 12

BTG PACTUAL GLOBAL EM. MKTS AND MACRO FD 28.12 31 Dec 12

PERCEPTIVE LIFE SCIENCES OFFSH FUND, LTD 28.09 31 Dec 12

BottomInvestment Funds Return DateCONQUEST MACRO FUND, LTD (COMP) -33.16 31 Dec 12

BLUE SKY JAPAN LTD - CLASS A -28.05 31 Dec 12

RAB SPECIAL SITUATION FD LTD -27.94 31 Dec 12

PAULSON ADVANTAGE PLUS LTD -21.50 31 Dec 12

DUNN WMA UCITS -20.22 31 Dec 12

BEACH HORIZON FUND LTD -19.51 31 Dec 12

ARMAJARO STS COMMODITIES FUND CLASS -Z- -18.15 31 Dec 12

HIGHBRIDGE QUANTITATIVE COMMODITIES FUNDCLASS B

-17.57 31 Dec 12

HIGHBRIDGE QUANTITATIVE COMMODITIES FUNDCLASS A

-17.36 31 Dec 12

ORTUS FUND (CAYMAN) LTD -17.33 31 Dec 12

AJIA-LIGHTHORSE CHINA GROWTH FUND LTD -14.51 31 Dec 12

PAULSON ADVANTAGE LTD -A- -14.23 31 Dec 12

ELM RIDGE CAPITAL PARTNERS L.P. -14.08 31 Dec 12

DISCUS FEEDER LTD CL. B USD STANDARD LEVERAGE -13.88 31 Dec 12

ALTIS MASTER FUND ICC - GLOBAL FUTURESPORTFOLIO IC

-10.92 31 Dec 12

ASPECT DIVERSIFIED FUND - CLASS A -10.66 31 Dec 12

CAMPBELL GLOBAL ASSETS FUND LTD Class D -10.10 31 Dec 12

COMAC GLOBAL MACRO FUND -8.95 31 Dec 12

CLIVE FUND (The ) Class - A - -8.81 31 Dec 12

COELI POWER SURGE FUND LTD -8.67 31 Dec 12



TopInvestment Funds Return DateCUMULUS ENERGY FUND CLASS A USD 99.63 31 Dec 11

SEGANTII ASIA-PACIFIC EQUITY MULTI-STRATEGY FUND 40.75 31 Dec 11

FORT GLOBAL DIVERSIFIED 39.95 31 Dec 11

RENAISSANCE INSTITUTIONAL EQUITIES LP (B) 34.12 31 Dec 11

FORT GLOBAL CONTRARIAN 28.70 31 Dec 11

MARSHALL WACE - MW GLOBAL OPPORTUNITIES A USD 27.16 31 Dec 11

ASGARD FIXED INCOME FUND LTD 25.31 31 Dec 11

CANDLEWOOD STRUCTURED CREDIT FUND LTD 25.27 31 Dec 11

BLACKROCK 32 CAPITAL MASTER FUND SPC, LTD (THE)- A/1

24.92 31 Dec 11

CHENAVARI TORO CAPITAL I A 24.71 31 Dec 11

BLACKROCK CAPITAL STRUCTURE INVESTMENTS FUNDLTD

22.94 31 Dec 11

SINFONIETTA FUND 22.92 31 Dec 11

DISCUS FEEDER LTD CL. B USD STANDARD LEVERAGE 21.95 31 Dec 11

PIMCO MULTI-ASSET VOLATILITY FUND LTD 20.36 31 Dec 11

DYMON ASIA MACRO FUND (SERIES A) 20.11 31 Dec 11

BLACKROCK FIXED INCOME GLOBAL ALPHA FUND 19.93 31 Dec 11

PLATINUM PARTNERS VALUE ARBITRAGE INT. FUNDLTD

19.61 31 Dec 11

TUSKER INVESTMENTS FUNDS 19.41 31 Dec 11

CAMPBELL GLOBAL ASSETS FUND LTD Class D 18.36 31 Dec 11

STRATUS FUND LIMITED CLASS B 15.63 31 Dec 11

BottomInvestment Funds Return DatePAULSON ADVANTAGE PLUS LTD -52.64 31 Dec 11

PAULSON ADVANTAGE LTD -A- -35.96 31 Dec 11

MLM MACRO PEAK PARTNERS OFFSH FD, LTD - B -35.04 31 Dec 11

SENVEST PARTNERS, LTD - CLASS A -33.96 31 Dec 11

MERCHANT COMMODITY FUND (THE) - COMPOSITE -30.07 31 Dec 11

ALTIS MASTER FUND ICC - GLOBAL FUTURESPORTFOLIO IC

-29.61 31 Dec 11

PAULSON RECOVERY FUND LTD -27.92 31 Dec 11

JABCAP GLOBAL BALANCED FUND LTD CLASS D/1 NI -27.33 31 Dec 11

JABCAP MULTI STRATEGY FUND LTD CLASS D/1 NI -25.65 31 Dec 11

SR GLOBAL FUND C - INTERNATIONAL (Real Perf) -24.27 31 Dec 11

CASTLEROCK FUND LTD -23.84 31 Dec 11

BLUE SKY JAPAN LTD - CLASS A -23.24 31 Dec 11

CHILTON CHINA OPPORTUNITIES FUND LTD -23.21 31 Dec 11

ARMAJARO EMERGING MARKETS FUND CLASS -A- -22.31 31 Dec 11

PAULSON ENHANCED LTD -21.55 31 Dec 11

TRADELINK INTEGRATED PROGRAM LTD -21.27 31 Dec 11

SR PHOENICIA INC CLASS -A- SERIES 1 -20.97 31 Dec 11

TULIP TREND FUND, LTD - A -20.93 31 Dec 11

LANSDOWNE GLOBAL FINANCIALS FUND LTD. -N-USD -20.82 31 Dec 11

ODEY EUROPEAN, INC (EUR) -20.56 31 Dec 11



InceptionDates

Liquidity AssetSize

Last NAV orIndex

Date MTD YTD 2012 2011 2010 Ann. Return Ann. Vol MaxDrawdown1

ConvertibleYtd Avg. 2013 5.60%

Convertible/AsiaYtd Avg. 2013

4.72%

CQS ASIA FEEDER FUND LTD- CLASS -B-Michael Hintze, Jean-Christophe Blanc

30 Apr 07 Q $99MMay 13

1,273.16 30 Jun13

(1.63%) 2.20% 5.45% -4.26% 10.74% 3.99% 8.12% (24.55%)Oct 07 - Oct 08

PINE RIVER ASIA FUNDNikhil Mankodi

30 Jun 04 Q $276MJul 13

1,664.36 30 Jun13

0.87% 7.24% 8.08% 0.67% 12.99% 5.82% 11.45% (37.86%)Jan 08 - Dec 08

Convertible/GlobalYtd Avg. 2013

7.14%

BASSO INVESTORS LTDHoward Fischer

30 Sep 95 Q $327MJun 13

6,695.63 05 Jul 13 0.03% 5.47% 9.5% 2.61% 17.15% 11.29% 6.04% (25.00%)Dec 07 - Oct 08

CQS CONV & QUANT STRATS FEED FD, LTDCLASS-B-Michael Hintze/ Alex Schoenenberger

29 Feb 00 M $387MMay 13

3,017.02 30 Jun13

(0.33%) 4.23% 8.65% -1.88% 7.98% 8.63% 8.26% (34.47%)Oct 07 - Dec 08

JABCAP GLOBAL CONVERTIBLE FUND - D1UnrestrictedPhilippe Jabre

30 Apr 07 W $288MApr 13

175.98 30 Jun13

(1.91%) 15.83% 5.37% -14.15% 8.45% 9.58% 13.55% (28.61%)May 08 - Nov 08

LAZARD RATHMORE FUND - CLASS A-2Sean Reynolds, Christopher Sferruzzo

31 May 07 Q/M $207MMar 13

198.29 30 Jun13

(1.94%) 3.05% 4.59% -1.65% 16.97% 11.90% 9.00% (16.23%)Aug 08 - Nov 08

Convertible/USAYtd Avg. 2013

3.39%

PINE RIVER CONVERTIBLES FUNDFranklin Parlamis

31 Jul 09 Q $112MJul 13

190.87 30 Jun13

1.55% 15.86% 7.6% 4.98% 22.41% 17.94% 7.24% (3.80%)Apr 10 - Jun 10

WATERSTONE MKT NEUT OS FUND, LTDShawn Bergerson

31 Jul 03 Q $1'504MMay 13

221.86 05 Jul 13 (1.48%) (9.07%) 11.1% 0.73% 6.1% 8.35% 10.34% (17.56%)Aug 08 - Oct 08

1. Max Drawdown: Peak to trough.


InceptionDates

Liquidity AssetSize

Last NAV orIndex


CreditYtd Avg. 2013 4.45%

Credit/EmergingYtd Avg. 2013

(0.91%)

ABSOLUTE INSIGHT EMERGING MARKET DEBT FUNDCLASS B1PColm McDonagh

30 Apr 08 D €563MJun 13

1.42 10 Jul 13 0.12% (1.32%) 11.73% 0.08% 8.01% 7.00% 8.16% (15.32%)May 08 - Oct 08

ASIAN CREDIT HEDGE FUNDEmil NGUY

31 Jan 02 M $385MMar 13

222.74 31 May13

(0.59%) 2.84% 18.68% -1.37% 17.43% 7.32% 9.54% (38.05%)Feb 08 - Mar 09

BLUEBAY EMERGING MARKET FIXED INCOMEOPPORTUNITY FUNDDavid Dowsett, Rodrigo Da Fonseca

30 Nov 11 M $188 MMay 13

104.57 31 May13

(0.80%) (1.65%) 6.99% -0.62% 3.02% 3.93% (3.27%)Dec 12 - Mar 13

DOUBLE HAVEN CREDIT OPPORTUNITIES 04/04Darryl Flint

31 Mar 04 Y / Q $41MJan 13

1,076.51 09 Jul 13 0.02% (5.47%) -7.06% -4.16% -8.53% 0.80% 5.95% (31.66%)Aug 08 - Jun 13

FINISTERRE SOVEREIGN DEBT FUNDPaul Crean and Xavier Corin-Mick

31 Mar 03 Q $788MMay 13

253.66 30 Jun13

(0.73%) 1.07% 4.3% 10.35% 12.04% 9.50% 7.29% (21.00%)Jun 08 - Oct 08

Credit/EuropeYtd Avg. 2013

1.58%

ABSOLUTE INSIGHT CREDIT FUND B1P2 EUROAlex Veroude

30 Sep 11 W €493MJun 13

1.17 10 Jul 13 (1.47%) 1.02% 12.65% 2.59% 9.10% 5.71% (1.77%)Oct 11 - Dec 11

EIFFEL CREDIT OPPORTUNITIES FUNDEmmanuel Weyd, Eiffel Investment Group

30 Nov 11 M €86MJul 13

1,263.22 30 Jun13

(1.09%) 2.13% 20.07% 3.01% 15.90% 8.08% (4.47%)Apr 12 - Jun 12

Credit/GlobalYtd Avg. 2013

5.24%

ACUITY CORPORATE OPPORTUNITY FUND LTDHoward Needle, David Harris, John Harnish, Salma Gaya

31 Dec 09 M $50MJun 13

142.26 30 Jun13

(1.45%) 1.51% 11.06% 1.36% 24.5% 10.60% 4.21% (3.10%)Jul 11 - Nov 11

AG MORTGAGE VALUE PARTNERS LTDJonathan Lieberman

30 Apr 09 Q $989MMay 13

214.78 30 Jun13

(1.70%) 7.31% 20.08% 7.42% 24.06% 20.12% 4.52% (1.70%)May 13 - Jun 13

ARISTEIA INTERNATIONAL LTDAnthony M. Frascella, William R. Techar

01 Aug 97 Q $1'149MMay 13

869.66 30 Jun13

0.13% 9.14% 11.2% 2.36% 10.5% 14.55% 9.18% (30.20%)May 08 - Dec 08

ASGARD FIXED INCOME FUND LTDMorten Mathiesen

30 Jun 03 M € 259 MApr 13

390.30 31 May13

1.46% 7.77% 34.12% 25.31% 20.65% 14.70% 6.93% (10.40%)Aug 08 - Oct 08

BLUEBAY CREDIT ALPHA LONG SHORT FUNDGeraud Charpin

31 Oct 11 M €93MMay 13

119.54 30 Jun13

(1.14%) 2.88% 26.2% 0.3% 17.18% 5.48% (1.60%)Jan 13 - Mar 13

BLUECREST MULTI STRATEGY CREDIT FUNDMike Platt

31 Oct 07 Q $1'647MDec 12

155.57 30 Jun13

(0.86%) 5.26% 7.23% -1.31% 1.56% 8.11% 6.26% (7.59%)Apr 11 - Jan 12

BLUEMOUNTAIN CREDIT ALTERNATIVES FUNDBlueMountain Capital Management

31 Oct 03 Q $6'700MMay 13

249.31 05 Jul 13 0.37% 4.81% 14.51% 3.57% 12.19% 9.89% 6.37% (11.82%)Aug 08 - Dec 08



InceptionDates

Liquidity AssetSize

Last NAV orIndex



5.24%

BLUEMOUNTAIN LONG SHORT CREDIT FUND LTDBlueMountain Capital Management

31 Jan 10 M $1'200MMay 13

1,128.71 05 Jul 13 0.17% 4.67% 7.84% 3.65% 9.76% 7.57% 3.72% (3.43%)Apr 11 - Sep 11

BREVAN HOWARD CREDIT CATALYSTS FUND LTDCLASS A USDDW Investment Management ,LP

31 Jul 09 M $3'998MMay 13

163.48 30 Jun13

(0.45%) 5.78% 15.34% 1.22% 13.46% 13.37% 4.60% (5.05%)May 11 - Dec 11

BREVAN HOWARD CREDIT VALUE FUND LTDDW Investment Management ,LP

29 Feb 12 HY $293MMar 13

133.03 31 May13

1.29% 11.78% 19.01% 25.59% 5.75% (1.67%)Apr 12 - May 12

CANDLEWOOD STRUCTURED CREDIT FUND LTDGreg Richter and Brian Herr

31 Dec 10 M $859MMay 13

160.63 30 Jun13

(1.90%) 6.75% 20.12% 25.27% - 20.89% 4.09% (1.90%)May 13 - Jun 13

CANDLEWOOD STRUCTURED CREDIT HARVEST FDLTD -Greg Richter and Brian Herr

31 Jul 12 Q $319MMay 13

119.18 30 Jun13

(2.60%) 7.65% 10.71% 21.14% 5.60% (2.60%)May 13 - Jun 13

CHENAVARI CORPORATE CREDIT STRATEGY M1Chenavari Investment Managers

30 Sep 08 M $245MMar 13

134.35 31 May13

0.40% 5.69% 17.22% 1.29% 12.41% 14.27% 5.84% (6.82%)Apr 11 - Aug 11

CQS ABS FEEDER FUND - CLASS -B1-Simon Finch

30 Sep 06 Q $1'699MMay 13

4,842.87 30 Jun13

(1.37%) 5.26% 16.85% 0.67% 19.2% 26.31% 12.13% (3.86%)Apr 07 - Jun 07

CQS CREDIT LONG SHORT FEEDER FUND LTD - B1EURSimon Finch

30 Apr 09 M $255MJun 13

1,103.99 30 Jun13

1.00% (1.66%) -5.28% 7.74% 8.75% 2.60% 3.95% (8.42%)Sep 11 - May 13

FEINGOLD OKEEFFE CAPITAL I OFFSHORE, LTDAndrea S. Feingold & R. Ian O’Keeffe

31 Jul 02 Q $40MApr 13

242.11 30 Jun13

(0.65%) 5.24% 7.14% -9.97% 20.28% 8.43% 8.04% (29.78%)Jun 07 - Dec 08

FORE MULTI STRATEGY FUND LTDMatthew Li

31 Mar 04 Q $1'747MMay 13

286.16 30 Jun13

(0.16%) (1.82%) 0.9% 7.84% 13.26% 12.03% 11.15% (27.01%)Feb 08 - Sep 08

GREEN T G2 FUNDDarryl Green, Geoffrey Sherry

28 Feb 99 Q $685MMay 13

192.26 05 Jul 13 0.30% 0.34% 2.8% 0.8% 5.88% 6.69% 3.61% (4.26%)Dec 03 - Jul 04

III SELECT CREDIT FUND LTD CLASS -A-Lester Coyle

31 Dec 07 Q $234MMay 13

1,800.07 05 Jul 13 (0.05%) 4.44% 11.95% 7.41% 18.47% 11.44% 7.08% (8.44%)Aug 08 - Nov 08

JPS CREDIT OPPORTUNITIES FUND (CAYMAN) LTDJP Morgan Asset Management

30 Sep 11 Q $549MMay 13

114.32 04 Jul 13 0.08% 2.91% 10.86% 0.2% 7.89% 2.12% (0.50%)Oct 11 - Nov 11

KINGDON CREDIT LTD A1/1Michael Pohly

30 Sep 09 Q $265MJun 13

1,437.10 30 Jun13

(1.32%) 4.94% 8.3% 1.64% 16.36% 10.35% 5.45% (6.34%)May 11 - Sep 11

LOOMIS SAYLES CREDIT LONG SHORT FUNDKevin Kearns and Tom Stolberg

31 Aug 07 Q $522MMar 13

168.91 30 Jun13

(1.37%) 0.66% 12.48% -0.76% 12.15% 9.40% 7.02% (9.90%)Jun 08 - Sep 08

LUCIDUS CAPITAL G4 FUNDDarryl Green, Geoffrey Sherry

28 Feb 11 Q $435MMay 13

106.77 05 Jul 13 0.68% 0.41% 5.23% 1.04% 2.82% 2.98% (1.97%)Feb 11 - Jun 11

PALOMINO FUND LTD CLASS B ORIGINAL SERIESDavid Tepper

31 Dec 94 Y $6'145MMay 13

7,927.12 31 May13

5.80% 21.22% 29.29% -3.53% 27.86% 26.78% 20.34% (49.05%)Feb 98 - Sep 98



InceptionDates

Liquidity AssetSize

Last NAV orIndex



5.24%

PIMCO GLOBAL CREDIT OPPORTUNITY FUNDSERIES 1Dan Ivascyn / Jon Horne

30 Jun 06 Q $1'536MMay 13

177.16 31 May13

1.05% 11.66% 15.18% 6.24% 9.17% 8.61% 5.22% (12.86%)Jun 07 - Nov 08

SABA CAPITAL OFFSHORE FUND LTDBoaz Weinstein

31 Jul 09 Q $3'412MMay 13

129.15 05 Jul 13 (0.84%) 2.69% -3.87% 9.33% 10.85% 6.72% 5.01% (7.32%)Jun 12 - Apr 13

SPF CREDIT SUISSE SECURITIZED PRODUCTSMASTER FUND LTDAlbert Sohn

31 Dec 11 Q $1'268MMay 13

127.63 31 May13

1.45% 9.59% 16.46% - 18.79% 3.75% (0.01%)May 12 - Jun 12

TRICADIA CREDIT STRATEGIES, LTDArif Inayatullah & Michael Barnes

31 Mar 05 Q $1'815MApr 13

331.88 30 Jun13

(0.94%) 6.30% 12.73% -0.81% 10.19% 15.64% 7.72% (10.77%)Jun 08 - Nov 08

VISIUM CREDIT OPPORTUNITIES FUNDChris Plaford

30 Apr 09 Q $211MMay 13

166.37 05 Jul 13 0.21% (1.11%) 5.82% 0.68% 31.67% 12.94% 5.93% (5.89%)Jun 11 - Oct 11

Credit/USAYtd Avg. 2013

5.52%

400 CAPITAL CREDIT OPPORTUNITIESChris Hentemann

31 Jan 09 Q $589MMay 13

243.33 31 May13

1.31% 10.92% 34.21% 3.07% 21.17% 22.79% 6.38% (2.91%)May 11 - Oct 11

BRIGADE LEVERAGED CAPITAL STRUCTURES FUNDDon Morgan

31 Dec 06 Q $5'209MJul 13

1,522.92 05 Jul 13 (0.02%) 1.63% 6.74% 2.45% 7.52% 6.67% 6.78% (19.42%)Jun 08 - Dec 08

MIDOCEAN ABSOLUTE RETURN CREDIT FUNDMidOcean Credit Fund Management LP

31 Jan 10 M $252MMar 13

133.50 30 Jun13

(1.36%) 1.71% 10.8% 9.99% 7.71% 8.83% 3.82% (3.26%)Jul 11 - Sep 11

MIDOCEAN CREDIT OPPORTUNITY FUND CLASS BMidOcean Credit Fund Management LP

31 Mar 09 Q $570MMay 13

207.04 31 May13

1.12% 5.26% 10.78% 7.46% 16.64% 19.07% 7.07% (2.69%)Jul 11 - Aug 11

MKP CREDIT OFFSHORE FUNDPatrick McMahon and Anthony Lembke

28 Feb 99 Q $1'612MMay 13

490.70 05 Jul 13 (0.24%) 4.85% 19.59% -5.11% 15.33% 11.71% 5.59% (8.94%)Feb 11 - Oct 11

OCP DEBT OPPORTUNITY INTERNATIONAL LTDOnex Credit Partners

30 Jun 01 Q $309MMay 13

267.37 30 Jun13

0.44% 6.17% 9.21% -1.39% 10.32% 8.53% 6.57% (24.14%)Jun 07 - Dec 08

ONE WILLIAM STREET CAPITAL FUNDOWS Capital Management

31 Mar 08 Y / Q $2'203MJun 13

1,749.40 30 Jun13

(1.90%) 4.58% 18.98% -4.19% 18.8% 11.24% 6.24% (8.43%)Feb 11 - Nov 11

RAVEN ROCK CREDIT OFFSHORE FUND LTDNate Brown, Guy Caplan, Bobby Richardson

31 Aug 09 M $120MMay 13

153.41 30 Jun13

(2.76%) 0.66% 8.46% 6.53% 18.82% 11.81% 5.35% (3.76%)Jul 11 - Sep 11

TILDEN PARK OFFSHORE INVESTMENT FUND LTDJosh Birnbaum

31 Dec 10 Q $1'282MMay 13

177.26 31 May13

2.29% 13.93% 41.34% 10.07% - 26.73% 5.70% (0.90%)Sep 11 - Oct 11



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Distressed SecurityYtd Avg. 2013 7.99%

Distressed Security/EuropeYtd Avg. 2013

10.56%

CHENAVARI TORO CAPITAL I AChenavari Investment Managers

31 May 09 M $385MMar 13

654.22 28 Jun13

1.08% 15.43% 32.42% 24.71% 90.56% 58.48% 13.17% (5.11%)Jul 11 - Oct 11

KING STREET EUROPE LTD CLASS AO. Francis Biondi, Jr., Brian J. Higgins

30 Jun 07 Q $700MApr 13

160.68 05 Jul 13 0.04% 5.70% 10.9% -4.82% 7.94% 8.20% 6.77% (8.56%)May 11 - Nov 11

Distressed Security/GlobalYtd Avg. 2013

7.78%

CANDLEWOOD SPECIAL SITUATIONS FUND LTDMichael Lau and David Koenig

30 Apr 03 Q $775MMay 13

755.57 05 Jul 13 (0.10%) 8.14% 14.78% 3.88% 11.54% 21.95% 11.53% (28.11%)May 08 - Nov 08

CANYON BALANCED FUND LTD - CLASS AM.R. Julis & J.S. Friedman

31 May 04 Q $2'326MMay 13

3,105.39 30 Jun13

(2.25%) 10.50% 20.52% -4.57% 14.29% 13.28% 10.70% (30.14%)Oct 07 - Nov 08

CANYON VALUE REALIZATION FD, LTD - CLASS AM.R. Julis & J.S. Friedman

31 Dec 94 Q $5'686MApr 13

7,017.09 30 Jun13

(1.78%) 8.21% 18.05% -4.66% 14.66% 11.10% 8.53% (28.82%)Oct 07 - Nov 08

CERBERUS INTL. LTD CLASS A A/C 191Steve Feinberg

31 May 93 Q $1'031MMay 13

789,946.19 30 Jun13

1.27% 2.50% 12.05% 9.6% 10.32% 10.83% 5.44% (22.26%)May 08 - Feb 09

CONTRARIAN CAPITAL FUND I OFFSHORE LTDJon Bauer

30 Sep 86 Y $2'341MApr 13

2,361.84 30 Jun13

(0.85%) 6.62% 24.31% -1.32% 12.38% 12.54% 9.74% (33.22%)Jun 07 - Feb 09

DAVIDSON KEMPNER DIST. OPP. INT. LTD - CLASS CTRN 1 -Anthony A. Yoseloff, Avi Z. Friedman and Conor Bastable

31 Mar 05 Y $857MApr 13

2,281.87 30 Jun13

(0.74%) 11.36% 13.51% -2.45% 10.16% 10.51% 10.16% (26.27%)Oct 07 - Nov 08

KING STREET CAPITAL, LTDO. Francis Biondi Jr & Brian J. Higgins

31 Dec 96 Q $10'900MMay 13

577.00 05 Jul 13 0.09% 7.25% 12.52% -1.62% 5.41% 11.19% 4.11% (5.21%)May 11 - Nov 11

LC CAPITAL OFFSHORE FUND, LTDSteven G Lampe & Richard F Conway

30 Sep 99 Y / Q $135MMay 13

354.87 31 May13

(2.50%) (4.63%) 9.61% 0.25% 14.51% 9.70% 8.80% (34.48%)Jun 07 - Feb 09

MONARCH DEBT RECOVERY FUND LTDMichael Weinstock, Andrew Herenstein

31 Mar 02 Y $1'285MMar 13

3,544.28 30 Jun13

(1.18%) 8.89% 12.08% -0.45% 25.65% 11.90% 8.23% (33.02%)Oct 07 - Dec 08

MUDRICK DISTRESSED OPPORTUNITY FUND LTDJason Mudrick

30 Jun 09 Q $205MMay 13

159.83 30 Jun13

(0.40%) 6.20% 21.85% -3.72% 11.42% 12.43% 5.99% (8.55%)Mar 11 - Sep 11

OWS CREDIT OPPORTUNITY FUNDOWS Capital Management

31 Dec 10 Y/Q $369MJul 13

1,307.40 30 Jun13

(0.80%) 8.61% 23.41% -2.46% - 11.32% 5.57% (7.86%)Apr 11 - Oct 11

PAULSON CREDIT OPPORTUNITIES LTDJohn Paulson

30 Jun 06 Y $5'388MFeb 13

1,541.60 30 Jun13

(3.82%) 11.23% 8.87% -18.24% 18.78% 47.77% 43.13% (24.80%)Apr 11 - Sep 11

SILVER POINT CAPITAL OFFSHORE LTDEdward Mulé

31 Dec 01 Q $4'536MNov 12

4,184.30 30 Jun13

(0.17%) 10.46% 20.04% 4.52% 19.42% 13.25% 8.61% (35.48%)Jun 07 - Dec 08



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Distressed Security/GlobalYtd Avg. 2013

7.78%

STONE LION FUND LTD CLASS AGreg Hanley and Alan Mintz

31 Oct 08 Q $620MDec 12

2,128.10 30 Jun13

(0.27%) 8.65% 11.31% 0.05% 9.25% 17.57% 8.98% (8.74%)Apr 11 - Sep 11

STRATEGIC VALUE RESTRUCTURING FUNDVictor Khosla

31 Aug 02 Q/Y $1'159MDec 12

318.52 30 Jun13

(0.65%) 10.09% 13.18% -11.03% 13.12% 11.28% 7.81% (24.47%)May 07 - Jan 09

VR GLOBAL OFFSHORE FUND LTDRichard Deitz

30 Apr 99 Q $1'310MApr 13

30,011.34 31 May13

2.23% 10.38% 20.69% 3.58% 58.35% 27.29% 15.29% (48.38%)May 08 - Mar 09

Distressed Security/USAYtd Avg. 2013

7.52%

BEACH POINT TOTAL RETURN OFFSHORE FUND II,LTDCarl Goldsmith, Scott Klein,

30 Jun 96 Q $1'600MMay 13

591.77 30 Jun13

(0.51%) 5.97% 13.86% -0.98% 13% 11.02% 8.28% (24.04%)Oct 07 - Dec 08

BTG PACTUAL DISTRESSED MORTGAGE FUNDBTG Pactual Global Asset Management

28 Feb 10 Q $273MMay 13

186.12 31 May13

2.81% 13.77% 45.95% -4.65% 17.56% 21.03% 9.29% (13.21%)Apr 11 - Dec 11

HALCYON OFF. ASSET-BACKED VALUE FUND LTDJoseph Wolnick ,Joseph Godley and Jim Coppola

30 Nov 05 Q $2'719MMay 13

2,650.53 30 Jun13

(2.56%) 3.51% 16.14% 4.12% 25.33% 13.71% 5.70% (13.32%)Aug 08 - Mar 09

REDWOOD OFFSHORE FUNDJonathan Kolatch

31 Jul 00 Y $2'973MMar 13

644.92 30 Jun13

(1.10%) 6.85% 21.94% -1.98% 23.48% 15.52% 11.04% (36.28%)May 07 - Dec 08



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Equity-CommodityYtd Avg. 2013 4.84%

Equity-Commodity/GlobalYtd Avg. 2013

4.84%

DUNN WMA UCITSWiliam Dunn, Marty Bergin

31 Aug 11 D $347MApr 13

95.58 05 Jul 13 3.65% 25.53% -20.22% -4.56% (2.42%) 24.07% (27.87%)Aug 11 - Oct 12

GEOSPHERE FUND, LTDArvind Sanger and Prashant Kothari

30 Jun 07 Q $37MApr 13

120.10 30 Apr13

(2.23%) (2.06%) 1.52% -2.23% 6.85% 3.19% 7.38% (15.83%)Jun 08 - Oct 08

MARTIN CURRIE ARF - GLOBAL RESOURCESRuairidh Stewart / Duncan Goodwin

30 Sep 03 M $13MApr 13

15.70 08 Jul 13 0.49% (6.36%) -2.96% -11.36% 4.85% 4.72% 9.83% (27.14%)Jun 08 - Jun 13

OCEANIC HEDGE FUND - CLASS ACato Brahde, Andreas Vergottis, Bjorn Rise

31 Jul 02 M $253MFeb 13

3,176.34 30 Jun13

(1.03%) 9.55% -7.73% 5.24% -0.5% 11.16% 8.33% (12.78%)Nov 11 - Jul 12

TUSKER INVESTMENTS FUNDSAnuraag Shah

31 Mar 10 M $97MMar 13

178.83 30 Jun13

15.60% 6.49% 5.29% 19.41% 33.57% 19.57% 19.07% (13.48%)Aug 12 - May 13

VAN ECK HARD ASSETS 2X FUND LTDShawn Reynolds and Charles Cameron

31 Dec 04 M $19MApr 13

182.87 31 May13

(0.06%) (4.13%) 11.04% -13.4% 10.2% 7.43% 10.84% (22.23%)Jun 08 - Nov 08

Equity-DiversifiedYtd Avg. 2013 8.93%

Equity-Diversified/AsiaYtd Avg. 2013

7.29%

AJIA-LIGHTHORSE CHINA GROWTH FUND LTDShawn Kang

31 Dec 05 M $142MApr 13

391.77 31 May13

2.20% 22.60% -14.51% -12.64% 22.79% 20.21% 21.20% (41.06%)Feb 08 - Dec 08

CC ASIA ABSOLUTE RETURN FUNDRichard Cardiff, Angus Coupland

30 Jun 05 M $461MMar 13

245.15 30 Jun13

(2.10%) 10.54% -2.03% 9.08% 21.14% 11.85% 14.96% (27.12%)Dec 07 - Dec 08

CHILTON CHINA OPPORTUNITIES FUND LTDKenneth Chiang

31 Dec 06 Q $21MJan 13

177.18 05 Jul 13 0.58% 0.23% 6.63% -23.21% 0.42% 9.18% 17.31% (26.16%)Oct 10 - Aug 12

EVEREST CAPITAL ASIAMarko Dimitrijevic

31 Dec 05 Q $140MMay 13

189.46 30 Jun13

(5.20%) (1.18%) 0.06% -12.54% 6.72% 8.89% 19.87% (43.59%)Oct 07 - Feb 09

HT ASIAN CATALYST FUND LLCMs. Ophelia Tong

31 Dec 98 M $193MJun 13

19.30 30 Jun13

(2.67%) 1.58% 9.51% -10.29% 4.43% 10.61% 11.61% (23.93%)Mar 00 - Mar 01

JOHO FUND, LTD-A-Robert Karr

31 Oct 96 S $3'852MMar 13

1,643.65 05 Jul 13 0.18% 14.21% 8.83% 0.38% 17.9% 19.86% 15.94% (19.38%)Nov 07 - Nov 08

KIMA PAN ASIA OFFSHORE FUND - CLASS -A-Justin Klintberg, Michael Gallagher ,

30 Jun 09 M $2'897MNov 12

1,272.61 31 May13

1.35% 8.74% -1.58% -5.39% 11.77% 6.34% 8.50% (17.30%)May 11 - Aug 12

NEZU CYCLICALS FUND LTDFuyuki Fujiwara

31 Jul 05 Q $151MMar 13

218.65 05 Jul 13 0.65% 19.79% -6.58% -5.09% 7.53% 10.36% 13.20% (25.06%)Oct 07 - Feb 09



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Equity-Diversified/AsiaYtd Avg. 2013

7.29%

OCTAGON PAN ASIA FUNDPoh Min Lam & Nelson Chia

30 Sep 04 M $134MJun 13

220.66 30 Jun13

(1.79%) 5.72% 11.8% -6.07% -2.68% 9.46% 9.00% (10.69%)Oct 07 - Jan 09

PINPOINT CHINA FUND CLASS A USDQiang Wang

31 May 05 M $549MApr 13

706.21 28 Jun13

(6.49%) 3.99% 8.06% 0.6% 5.87% 27.36% 21.34% (42.16%)Oct 07 - Nov 08

REAL RETURN ASIA FUND LTD (THE)Ezra Sun

30 Sep 04 M $455MMay 13

268.96 05 Jul 13 0.56% 7.65% 9.02% -9.19% 5.75% 11.95% 10.08% (15.09%)Apr 11 - May 12

TELLIGENT GREATER CHINA FUNDChing-Shan Lin

31 Jul 04 M $260MJun 13

329.16 30 Jun13

(4.12%) 10.49% 10.76% -17.35% 12.73% 14.29% 19.10% (46.90%)Oct 07 - Oct 08

WF ASIA FUND LTD S/1Scobie Ward

31 Jan 01 M $348MMay 13

378.65 05 Jul 13 (0.30%) 5.38% 27.68% -7.21% -1.28% 11.30% 13.35% (37.65%)Oct 07 - Nov 08

ZEAL CHINA FUND LIMITEDDaniel POON Chun Pong

31 Dec 09 M $763MMay 13

129.66 05 Jul 13 (1.98%) (7.70%) 12.9% 6.18% 17.18% 7.67% 15.37% (13.00%)Dec 09 - Feb 10

Equity-Diversified/BrazilYtd Avg. 2013

0.74%

3G BRAZIL OFFSHORE FUND LTDJorge Paulo Lemann, Marcel Telles, Carlos Sicupira

31 Dec 09 M $91MMay 13

114.51 31 May13

(0.70%) 1.38% -3.01% 1.36% 14.89% 4.04% 7.55% (11.44%)Jan 12 - May 12

BNY MELLON ARX BRAZIL FUND SPC LONG SHORTBruno Garcia, Frederico Saraiva & Rogerio Poppe

31 Jan 07 M $58MJun 13

1,660.16 05 Jul 13 (0.80%) 0.09% 11.03% 3.58% 11.7% 8.20% 9.05% (23.95%)Jun 08 - Oct 08

Equity-Diversified/EmergingYtd Avg. 2013

2.60%

ADELPHI EMERGING EUROPE. FUND USD SHARESLars Dollmann

31 Mar 07 Q $170MFeb 13

145.27 05 Jul 13 1.30% 10.47% -2.13% -15.92% 17.01% 6.14% 13.34% (28.62%)May 08 - Jan 09

ARMAJARO EMERGING MARKETS FUND CLASS -A-Michel Danechi

31 Jul 09 M $45MMay 13

117.49 05 Jul 13 0.09% (5.72%) 17.35% -22.31% 18.17% 4.18% 14.60% (28.30%)Apr 11 - Dec 11

EVEREST CAPITAL FRONTIER MARKETSMarko Dimitrijevic

31 Jul 08 Q $250MMay 13

150.73 30 Jun13

(2.40%) 15.26% 17.3% -18.38% 30.64% 8.70% 15.24% (25.56%)Jul 08 - Feb 09

FIREBIRD NEW RUSSIA FUND, LTD - CLASS AHarvey Sawikin & Ian Hague

30 Jun 96 Q $163MMay 13

2,146.37 30 Jun13

(4.09%) (9.36%) 11.42% -14.62% 40.35% 19.75% 40.05% (81.79%)Mar 98 - Sep 98

FIREBIRD REPUBLICS FUND, LTDHarvey Sawikin & Ian Hague

30 Apr 97 Q $179MMay 13

963.33 30 Jun13

(2.67%) 3.77% 13.26% -19.42% 29.51% 15.03% 30.88% (73.20%)Sep 97 - Jan 99

GROWTH MANAGEMENT LTDStephan Pinter

31 May 98 M $162MJan 13

348.69 31 May13

0.32% 0.94% -6.37% -6.15% 1.08% 8.68% 7.21% (33.23%)Jun 08 - Jul 12

JABCAP EMEA FUND CLASS X1Jabre Capital Partners

30 Sep 08 M $267MMay 13

213.18 30 Jun13

(1.19%) 3.69% 6.94% -3.2% 13.59% 17.27% 10.92% (10.02%)Apr 11 - May 12

KALTCHUGA FUND - RUSSIA EQ. SUB-FUND -$-J-L. Tauvy

15 Nov 00 BM $59MJun 13

7,502.45 09 Jul 13 (0.28%) (5.84%) 12.91% -20.88% 27.69% 17.26% 34.46% (81.80%)Dec 07 - Jan 09



InceptionDates

Liquidity AssetSize

Last NAV orIndex



2.60%

OCCO EASTERN EUROPEAN FUND A SHARESPawel Szulc & Andrew Wiles

31 Dec 01 Y / Q $595MMay 13

371.11 05 Jul 13 (0.02%) 4.64% 7.73% 5.42% 11.17% 12.06% 7.61% (20.86%)Jun 08 - Oct 08

POLLUX BRAZILIAN EQUITIES FUNDRodrigo Fonseca

31 Oct 07 M $46MJun 13

155.32 05 Jul 13 (0.35%) 0.44% 13.12% 0.39% -2.62% 8.06% 8.14% (9.59%)May 08 - Oct 08

SAGIL LATIN AMERICAN OPPORTUNITIES FUNDCLASS AAdrian Landgrebe and Brad Jones

30 Jun 09 M $50MMay 13

126.96 30 Jun13

(2.40%) 0.98% 14.46% -9.01% 4.96% 6.14% 8.66% (12.35%)Oct 10 - Sep 11

SKYLINE UCITS FUND INSTITUTIONAL SHARE CLASSGeoff Bamber, David Tovar,

31 Jul 11 D $119MMay 13

129.55 05 Jul 13 (1.51%) 0.02% 25% 3.62% 14.34% 9.99% (7.10%)Apr 12 - May 12

SR GLOBAL FUND INC - G - GLOBAL OPPORTUNITIESPTF (Real Perf)Richard Chenevix-Trench

29 Feb 96 M $440MMay 13

1,252.13 28 Jun13

(3.60%) 10.32% -0.88% -17.2% 2.67% 19.37% 18.24% (37.25%)Oct 07 - Feb 09

SR PHOENICIA INC CLASS -A- SERIES 1Richard Atherton

31 Jul 01 M $135MMay 13

428.24 30 Jun13

(4.52%) 6.77% 8.13% -20.97% -1.87% 12.97% 18.60% (56.02%)Oct 07 - Feb 09

Equity-Diversified/EuropeYtd Avg. 2013

8.26%

ADELPHI EUR. FUND $ (A)Roderick Jack, Marcel Jongen

30 Sep 97 Q $1'139MFeb 13

425.19 05 Jul 13 1.32% 5.45% 14.08% -4.91% 9.15% 9.61% 11.74% (26.28%)May 07 - Feb 09

ADRIGO HEDGEGöran Tornée

30 Nov 06 M $ 100 MMay 13

148.34 30 Jun13

(0.93%) 4.68% 5.91% -0.17% 7.42% 6.17% 5.50% (9.13%)May 07 - Oct 08

ANTARES EUROPEAN FUND, LTD - USDPeter Miles Testa, Luca Orsini Baroni

08 Dec 98 M $500MDec 11

485.22 05 Jul 13 2.15% 13.85% 1.7% -10.75% 28.25% 11.44% 15.39% (32.68%)Jun 07 - Dec 08

AQUILUS INFLECTION FUND LTD EUR SHSRichard Vogel

31 Jul 07 M €240MMar 13

121.61 30 Jun13

(0.43%) 9.66% 18.73% -14.14% 22.2% 3.36% 9.32% (22.46%)Oct 07 - Oct 08

CAPEVIEW AZRI 2X FUNDMichael Sakkas and Sushil Shah

30 Sep 10 M $138MMay 13

142.39 05 Jul 13 1.51% 13.82% 12.65% 4.31% 6.47% 13.64% 5.66% (2.74%)Jan 11 - Jul 11

CAPEVIEW AZRI FUNDMichael Sakkas and Sushil Shah

31 Oct 07 M $176MMay 13

163.35 05 Jul 13 0.81% 6.74% 5.82% 1.29% 12.75% 9.02% 3.53% (1.94%)Jan 11 - Jul 11

CAZENOVE EURO EQ ABS RETURN FUND LIMITEDCLASS BSteve Cordell

30 Nov 03 M €60MMay 13

1,731.11 31 May13

2.89% 4.33% 16.68% -0.65% -12.06% 5.94% 5.85% (17.67%)Oct 08 - Aug 11

EGERTON EUROPEAN EQUITY EUR - CLASS BJohn C. Armitage

31 Aug 94 M $896MApr 13

69.79 05 Jul 13 1.84% 16.61% 13.63% -4.94% 13.47% 14.87% 9.91% (28.26%)Oct 07 - Jan 09

GLG EUROPEAN LONG SHORT FUND CL-D- InstPierre Lagrange, Simon Savage, Darren Hodges

30 Sep 00 M $659MMar 13

327.63 05 Jul 13 0.68% 5.37% 5.75% 7% 8.25% 9.74% 8.17% (17.94%)Oct 07 - Oct 08

HABROK LTDLeif Christian Kvaal

31 Mar 04 Q $ 569 MMay 13

272.52 30 Jun13

(4.52%) 7.72% 6.85% -9.66% 11.59% 11.44% 15.24% (38.55%)May 08 - Jan 09



InceptionDates

Liquidity AssetSize

Last NAV orIndex



8.26%

HSBC ALPHA FUND LTD - HSBC EUROPEANLEVERED ALPHA FUND EURJakob Nordestedt, Michael O’Mara

30 Nov 07 M $245MMar 13

167.39 05 Jul 13 1.12% 12.87% -4.33% 5.58% 22.25% 9.64% 5.97% (6.96%)Feb 12 - Jul 12

HSBC EUROPEAN ALPHA FUND -EURJakob Nordestedt, & Michael O'Mara

31 Dec 02 M $281MMar 13

174.56 05 Jul 13 0.43% 4.57% -2.69% 1.39% 7.63% 5.44% 2.59% (3.27%)Feb 12 - Jul 12

JPMORGAN PORT. STRAT. FUNDS-EUROPEDYNAMIC L/S FUND-A10-03Jonathan Ingram, John Baker, Anis Lahlou-Abid

30 Sep 03 M $466MJun 13

403.84 05 Jul 13 1.69% 10.38% -4.72% 10.2% 28.88% 15.36% 8.49% (16.39%)Jun 08 - Nov 09

LANSDOWNE EURO EQTY FD, LTD - A (EUR)Alex Snow & S. Heinz

31 Aug 98 M $344MApr 13

186.57 05 Jul 13 2.04% 5.50% 4.56% -12.68% 5.4% 9.10% 11.66% (21.60%)May 08 - Feb 09

MARSHALL WACE - MW CORE A USDErnesto Fragomeni

31 Oct 06 M $1'331MJun 13

140.02 09 Jul 13 0.18% 6.03% 8.72% 5.65% 2.79% 5.16% 9.20% (26.47%)Jun 07 - Sep 08

MARSHALL WACE - MW EUROPEAN TOPS A EURAnthony Clake

31 Dec 04 M $823MJan 13

189.89 09 Jul 13 1.06% 8.29% 11.31% 4.29% -0.13% 7.81% 7.88% (21.75%)Oct 07 - Feb 09

MARTIN CURRIE EUROPEAN HEDGE FUND CLASS-B-Michael Browne & Steve Frost

31 Dec 00 M $220MApr 13

286.50 08 Jul 13 2.68% 13.89% 13.51% -8.53% 3.31% 7.45% 7.39% (11.03%)Jun 08 - Feb 09

MBAM ACTIVE LONG SHORTHilton Nathanson

31 Jul 10 M $569MJun 13

116.66 30 Jun13

(0.47%) 3.63% 3.61% 0.08% 8.56% 5.42% 3.46% (2.19%)May 12 - Jul 12

NORDIC ALPHA CLASS B - NOKThomas Raaschou, Christian T. Nygaard

31 Aug 03 M NOK752MMay 13

200.49 28 Jun13

(1.99%) 11.94% 12.14% -14.91% 13.7% 7.34% 11.42% (32.36%)Dec 07 - Feb 09

ODEY EUROPEAN, INC (EUR)Crispin Odey

31 May 92 W €1'782MMay 13

825.31 30 Jun13

(7.09%) 14.01% 30.69% -20.56% -0.06% 14.09% 16.18% (50.64%)Jan 94 - Jul 95

PELHAM LONG/SHORT FUND LTD CLASS A EURRoss Turner

31 Oct 07 M $2'500MApr 13

165.67 31 May13

5.24% 17.36% 16.89% -10.68% 13.54% 9.46% 10.95% (12.25%)May 08 - Dec 08

PENSATO EUROPA FUND LTD EURO CLASSGraham Clapp & Edward Rumble

31 May 08 M €183MMay 13

134.45 28 Jun13

(1.04%) 3.23% 11.22% -0.28% 1.99% 6.00% 5.92% (5.40%)Jun 08 - Sep 08

POLAR CAPITAL EUROP CONVICTION FUND LIMITEDRobert Gurner

31 Mar 06 M €126MMay 13

151.22 05 Jul 13 (1.38%) (3.69%) 8.07% 6.45% -0.18% 5.85% 8.74% (5.84%)May 11 - Aug 11

RBR EUROPEAN LONG SHORT LTD (Ex Rhine AlphaStars)Rudolf Bohli

30 Apr 05 M $90MMay 13

2,395.80 05 Jul 13 0.39% 6.99% 29.45% -11.71% 24.3% 11.27% 19.44% (55.01%)Jun 07 - Nov 08

RWC SAMSARA FUND CLASS A EUROAjay Gambhir

17 Sep 07 M $94MMay 13

132.16 05 Jul 13 1.27% 10.34% 2.97% -0.85% 11.28% 4.92% 8.11% (11.60%)Jun 11 - May 12

SIERRA EUROPE OFFSHORE, LTD - CLASS C USDCharles Michaels

28 Feb 97 M $281MMay 13

516.88 05 Jul 13 0.42% 3.84% 11.82% 4.88% -3.08% 10.56% 9.05% (16.98%)Mar 00 - Jan 03



InceptionDates

Liquidity AssetSize

Last NAV orIndex



8.26%

SUSA EUROPEAN EQUITIES FUND CLASS A EUR NIReza Amiri

28 Feb 09 M $87MApr 13

166.17 30 Jun13

(0.33%) 11.57% 15.22% -10.33% 14.74% 12.42% 11.81% (16.04%)May 11 - Sep 11

THEOREMA EUROPE FUND PLUS LTD B/1 USDG. Govi

31 Aug 04 M $20MJan 13

266.20 05 Jul 13 0.33% 7.93% 5.6% -0.29% 2.48% 11.70% 12.15% (15.14%)Sep 11 - Jul 12

TT MID-CAP EUROPE LONG/SHORT FUND LTD - CL BDavid Grimbley

30 Apr 05 M $491MMay 13

270.21 30 Jun13

3.40% 11.64% 6.9% -1.72% 11.5% 12.93% 8.91% (7.41%)Apr 06 - Sep 06

ZADIG FUND CLASS A1Laurent Saglio

30 Nov 05 M €369MFeb 13

208.50 05 Jul 13 0.87% (0.64%) 11.02% 3.56% 1.78% 10.15% 11.44% (19.14%)Aug 08 - Oct 08

Equity-Diversified/GlobalYtd Avg. 2013

8.73%

ANAVON MASTER FUND LTD CLASS -B-Avi Fruchter and Avraham Mevorah

31 Dec 10 M $71MJun 13

120.34 30 Jun13

(0.60%) 1.58% 12.62% 5.19% - 7.69% 7.57% (8.57%)Jul 11 - Sep 11

BEACONLIGHT OFFSHORE FUND LTDEd Bosek

31 Dec 09 Q $56MMay 13

120.75 30 Jun13

0.53% 9.64% 6.8% -5.78% 9.44% 5.54% 9.41% (15.02%)Mar 11 - Sep 11

BROOKFIELD GLOBAL LISTED INFRASTRUCTURESEC. OFFSHORE FUNDBrookfield Investment Management Inc.

30 Apr 08 M $130MFeb 13

188.91 30 Jun13

(0.12%) 2.69% 16.99% 5.17% 17.13% 13.09% 14.27% (22.19%)Apr 08 - Nov 08

DUET GLOBAL FUND PLUSJason McNab

31 Jul 10 M $570MFeb 13

130.62 31 May13

0.19% 2.56% 11.05% 8.05% 6.14% 9.88% 3.40% (0.87%)Jun 11 - Aug 11

EGERTON EUROPEAN DOLLAR CLASS -A-John C. Armitage

30 Nov 94 M $1'822MApr 13

138.82 05 Jul 13 1.60% 14.47% 13.94% -4.93% 15.57% 15.18% 10.08% (29.18%)Oct 07 - Jan 09

EXANE TEMPLIERS FUNDJean-Francois Roussel, Stéphane Arrouays, Henri-DanielSamama, Exane Asset Management

28 Feb 06 W €277MJun 13

17,288.86 09 Jul 13 (0.66%) (0.19%) 0.77% 0.49% 2.31% 5.56% 3.17% (2.89%)Apr 11 - May 12

GLADE BROOK GLOBAL OFFSHORE FUND LTDCLASS-A- NR-Paul Hudson

30 Sep 11 Q $288MJun 13

1,089.97 05 Jul 13 1.30% 3.36% 13.1% -6.77% 5.00% 6.12% (6.77%)Sep 11 - Dec 11

HORSEMAN GLOBAL FUND USDRussell Clark

31 Jan 01 M $121MMay 13

518.31 10 Jul 13 0.63% 17.53% 16.28% -2.98% 5.44% 14.13% 16.35% (33.75%)Feb 09 - Jun 10

KINSALE COMPASS FUNDPeter A Kinney

31 Oct 11 M €125MJun 13

128.58 30 Jun13

0.41% 8.19% 16.75% 1.79% 16.28% 4.35% (2.10%)Apr 12 - May 12

LANSDOWNE DEVELOPED MARKET FUND, LTD (£)Alex Snow & S. Heinz

31 Jul 01 M $6'546MApr 13

539.04 05 Jul 13 1.08% 18.75% 17.87% -20.07% 8.78% 15.16% 10.80% (20.07%)Dec 10 - Dec 11

M. KINGDON OFFSHORE NV - A/1Mark Kingdon

28 Feb 86 Q $1'286MMay 13

138.28 05 Jul 13 1.66% 12.32% 11.78% -18.03% 8.5% 15.02% 12.81% (30.15%)Sep 87 - Oct 87

MARSHALL WACE - MW EUREKA A1 EURPaul Marshall

07 Jan 98 M $3'614MMay 13

371.44 09 Jul 13 1.63% 15.09% 7.45% 9.74% 7.91% 13.64% 9.25% (23.24%)Oct 07 - Oct 08



InceptionDates

Liquidity AssetSize

Last NAV orIndex



8.73%

MARSHALL WACE - MW GLOBAL OPPORTUNITIES AUSDFehim Sever

28 Feb 09 M $1'159 MMay 13

222.42 09 Jul 13 0.83% 12.92% 6.83% 27.16% 8.04% 20.11% 10.06% (4.94%)Nov 11 - Jan 12

MAVERICK FUND, LTD - CLASS A/1Lee Ainslie III

28 Feb 95 M $2'670MMar 13

1,201.93 05 Jul 13 1.70% 4.20% 15.46% -14.85% 11.38% 11.97% 11.59% (30.04%)May 08 - Nov 08

MS ASCEND UCITS FUND CLASS I EURMalcolm Fairbairn

30 Apr 11 W $109MJun 13

963.55 08 Jul 13 (0.01%) 3.82% -0.14% -7.06% (1.68%) 3.98% (7.23%)May 11 - Dec 12

NEVSKY FUND PLC (COMPOSITE)Martin Taylor and Nick Barnes

30 Sep 00 M $999MApr 13

1,138.34 05 Jul 13 (1.32%) 1.52% 14.61% 0.62% 10.27% 20.98% 14.32% (22.14%)Oct 07 - Feb 09

PASSPORT GLOBAL STRATEGY FUNDJohn Burbank

31 Jul 00 Q $1'300MJun 13

908.05 30 Jun13

1.90% 10.98% 11.08% -18.74% 18.26% 18.61% 27.07% (52.74%)Jun 08 - Dec 08

PASSPORT LONG SHORT STRATEGY FUNDJohn Burbank, Tim Garry

30 Jun 10 M $541MMay 13

133.12 30 Jun13

2.60% 12.91% 12.13% -7.19% 13.28% 9.99% 8.99% (10.06%)Apr 11 - Dec 11

PLATINUM FUND LTDKerr Neilson

31 May 94 M $479MMar 13

80.16 05 Jul 13 0.11% 7.90% 17.44% -13.51% 5.19% 11.51% 12.35% (30.48%)Oct 07 - Feb 09

SR GLOBAL FUND C - INTERNATIONAL (Real Perf)Hugh Sloane

31 Dec 93 M $450MOct 12

533.98 30 Jun13

(2.00%) 18.74% 1.03% -24.27% -11.82% 12.34% 21.33% (50.10%)Apr 08 - Aug 12

STANDARD PACIFIC CAPITAL -B-Doug Dillard and Raj Venkatesan

30 Sep 95 Q $821MMay 13

462.41 30 Jun13

(1.28%) 9.15% -4.66% -5.24% 8.56% 9.00% 8.14% (15.87%)Jul 11 - Nov 12

STK CAPITAL GLOBAL EQUITIESDaniel Grozdea

30 Nov 10 M $101MJun 13

116.89 30 Jun13

(2.27%) 3.83% 9.35% -1.64% 4.67% 6.22% 7.82% (8.80%)Apr 11 - Sep 11

Equity-Diversified/JapanYtd Avg. 2013

21.71%

ALPHAGEN HOKUTO FUND LTD - CLASS AJohn Stewart & Robert Tull

31 Oct 00 M $266MMay 13

206.08 05 Jul 13 0.74% 5.90% -1.01% 0.13% 7.8% 5.87% 4.34% (4.80%)May 11 - Aug 12

ARCUS JAPAN FUND -JPY-Robert Macrae

31 Mar 99 D $2'130MOct 12

39,030.00 10 Jul 13 1.76% 22.81% 19.15% -4.68% 14.32% 10.00% 15.59% (45.94%)Feb 07 - Feb 09

BLUE SKY JAPAN LTD - CLASS AMichael Hill

30 Jun 00 M $22MApr 13

172.40 31 May13

(9.69%) 28.94% -28.05% -23.24% 4.68% 3.35% 24.02% (72.33%)Dec 05 - Dec 12

HENDERSON JAPAN ABS RETURN FD, LTDWilliam Garnett and Jeremy Hall

30 Jun 00 M $292MMay 13

238.99 28 Jun13

(1.38%) 12.07% -0.58% -8.58% 9.24% 6.93% 10.13% (19.05%)Feb 11 - Aug 12

MARATHON VERTEX JAPAN FD, LTD CLASS BWilliam Arah

31 May 03 Q $449MMar 13

2,321.36 30 Jun13

0.66% 15.49% 4.89% 0.59% -0.21% 8.70% 8.41% (11.76%)Jun 09 - Oct 10

MARTIN CURRIE ARF - JAPAN FUNDJohn-Paul Temperley

30 Jun 00 M $151MApr 13

21.85 08 Jul 13 1.63% 23.27% 4.23% -8.4% 6.63% 6.18% 8.25% (15.76%)Apr 10 - May 12

SR GLOBAL FUND H - JAPAN (Real Perf)Hugh Sloane, Alex Kydd

30 Sep 03 M $12MOct 12

160.21 30 Jun13

(0.30%) 43.47% 31.05% -8.33% -4.22% 5.29% 20.99% (35.57%)Mar 08 - Jul 10



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Equity-Diversified/UKYtd Avg. 2013

14.40%

ALPHAGEN OCTANIS CLASS ABen Wallace & Luke Newman

28 Feb 05 M $209MMay 13

221.72 05 Jul 13 0.95% 9.08% 3.87% -0.47% 3.63% 10.00% 6.31% (10.72%)May 07 - Mar 08

BLACKROCK UK EQUITY HEDGE FUNDNigel Ridge & Imran Sattar

30 Apr 05 M $423MJun 13

190.33 05 Jul 13 0.00% 2.58% 4.27% 2.48% 6.49% 8.18% 5.95% (11.70%)Jun 08 - Oct 08

PEGASUS UCITS FUNDDavid Yarrow, Angus Donaldson

30 Sep 10 M $100MApr 13

131.22 05 Jul 13 2.61% 31.55% -0.65% -3.41% 3.95% 10.33% 11.30% (10.49%)Jun 11 - Sep 11

Equity-Diversified/USAYtd Avg. 2013

10.85%

AJR INTERNATIONAL (BVI), INC. - A/1Alexander J. Roepers

31 Jan 93 M $521MDec 12

1,107.32 05 Jul 13 1.40% 10.39% 3.85% -6% 23.19% 12.48% 19.38% (44.44%)May 08 - Dec 08

ALLIANCE BERNSTEIN SELECT US EQUITY LONGSHORTKurt Feuerman

30 Nov 99 Y / Q $117MJun 13

4,179.89 09 Jul 13 1.91% 9.25% 6.17% 0.81% 8.13% 11.08% 7.24% (9.98%)May 08 - Feb 09

ALYDAR FUND LTDJohn Murphy

28 Feb 03 Q $361MDec 12

210.60 05 Jul 13 0.90% 10.74% -1.07% -0.68% 3.16% 7.46% 4.62% (6.49%)Jun 11 - May 12

ALYSHEBA FUND LIMITEDJohn A. Murphy, Philip C. Furse

31 Mar 05 Q $410MMay 13

2,652.31 05 Jul 13 2.30% 7.04% 2.83% 2.51% 5.24% 12.52% 12.82% (25.80%)May 08 - Nov 08

ASCEND PARTNERS FUND II LTD - AMalcolm Fairbairn

31 Jan 04 Q $478MMay 13

182.84 05 Jul 13 0.17% 3.73% 3.48% -2.86% 2.94% 6.61% 4.41% (5.23%)Apr 11 - Dec 11

BAY RESOURCES PARTNERS OFFSHORE FUNDThomas Claugus

31 Jul 98 M $2'614MJun 13

8,859.24 30 Jun13

(2.50%) 6.66% 7.16% -9.13% 15.73% 15.74% 16.37% (38.76%)May 08 - Feb 09

CASTLEROCK FUND LTDPaul Tanico

31 Aug 96 Q $108MJan 13

664.03 31 May13

2.40% 3.12% -3.82% -23.84% 11.81% 11.96% 17.04% (37.70%)May 01 - Feb 03

COBALT OFFSHORE LTDWayne Cooperman

31 Dec 96 Q $1'001MFeb 13

745.30 30 Jun13

0.35% 5.79% 4.49% -0.66% 5.96% 12.94% 8.23% (19.53%)Apr 98 - Sep 98

ELM RIDGE CAPITAL PARTNERS L.P.Ronald Gutfleish

31 Dec 99 Q $666MMay 13

506.83 30 Jun13

(0.20%) 16.42% -14.08% 0.7% 1.76% 12.77% 13.24% (19.41%)Apr 10 - Nov 12

EMINENCE FUND LTD A INITIAL SERIESRicky C. Sandler

31 Dec 98 Q $1'725MFeb 13

621.30 05 Jul 13 0.70% 6.40% 23.83% 1.29% -1.83% 13.41% 9.71% (19.99%)Dec 07 - Dec 08

GLENVIEW CAPITAL PARTNERS (CAYMAN), LTD.Lawrence M. Robbins

31 Dec 00 Q $3'113MMay 13

571.70 30 Jun13

0.67% 28.82% 24.24% -10.95% 14.22% 14.96% 16.72% (49.17%)May 07 - Dec 08

HIGHBRIDGE LONG/SHORT EQUITY FUND, LTDAlex McAree

30 Apr 04 Q $336MMay 13

2,076.83 05 Jul 13 0.71% 8.10% 11.02% -12.64% 5.34% 8.28% 10.21% (21.12%)Mar 11 - Sep 11

INVICTA OFFSHORE FUND LTDJames Alpha LLC

31 Dec 09 M $295MMay 13

144.97 31 May13

1.70% 0.10% -3.28% 10.18% 35.9% 11.48% 9.94% (10.11%)Mar 12 - Apr 13

IVORY CAPITAL ENHANCED STRATEGYCurtis Macnguyen

30 Apr 05 Q $846MJun 13

206.26 05 Jul 13 0.72% 12.02% 16.41% -4.37% 4.65% 9.25% 11.03% (24.93%)May 08 - Dec 08



InceptionDates

Liquidity AssetSize

Last NAV orIndex



10.85%

IVORY CAPITAL FLAGSHIP STRATEGYCurtis Macnguyen

30 Nov 98 Q $1'089MJun 13

3,829.11 05 Jul 13 0.45% 7.31% 10.5% -3.54% 2.12% 9.63% 6.06% (12.61%)May 08 - Nov 08

KINETICS FUND, INC - A/APeter B. Doyle

31 Jan 01 M $129MJun 13

2,980.57 05 Jul 13 0.98% 20.34% 27.42% -14.83% 30.8% 9.18% 22.50% (76.20%)Oct 07 - Feb 09

MADISON STREET FUND L.P.Steven C. Owsley & Drew M. Hayworth

31 Jan 04 M $50MOct 12

257.06 30 Jun13

(0.35%) 11.34% 5.79% -3.04% 3.66% 10.54% 6.50% (9.59%)Apr 11 - Sep 11

MARLIN FUND LPMichael Masters

30 Jun 95 M $344MMay 13

8,469.94 31 May13

11.49% 36.77% 31.53% -17.77% 41.63% 28.09% 25.98% (60.15%)Oct 07 - Feb 09

OMEGA OVERSEAS PARTNERS, LTD CLASS ALeon Cooperman

31 Dec 91 M $1'900MMay 13

819.77 30 Jun13

(1.13%) 11.11% 25.66% -2.97% 14.65% 10.27% 14.81% (42.55%)May 07 - Feb 09

RENAISSANCE INSTITUTIONAL EQUITIES LP (B)James Simons

31 Jul 05 M $1'414MMay 13

177.83 05 Jul 13 0.67% 9.13% 8.29% 34.12% 15.32% 7.52% 9.99% (35.73%)May 07 - Apr 09

RWC US ABSOLUTE ALPHA FUND - CLASS BMike Corcell

30 Sep 09 D $98MJan 13

115.67 09 Jul 13 0.68% 4.50% 16.32% -2.25% -4.56% 3.94% 5.20% (9.19%)Apr 10 - Dec 11

SAB OVERSEAS FUND LTDScott Bommer

31 Jul 00 3Q / Q $320MDec 12

413.49 30 Jun13

(1.20%) 4.93% 21.5% -0.71% 6.69% 11.61% 11.28% (17.57%)Mar 10 - Aug 10

SEMINOLE OFFSHORE FUNDMichael G. Messner, Paul C. Shiverick

31 May 98 Q $1'032MMay 13

677.12 05 Jul 13 0.80% 14.16% 5.08% -0.7% 9.85% 13.50% 12.77% (15.62%)May 02 - Mar 03

ZWEIG-DIMENNA INTL LIMITED - CLASS AJoseph DiMenna / Martin Zweig

31 May 87 Q $1'388MMay 13

95,249.08 31 May13

3.16% 12.35% -1.18% -2.37% 0.43% 14.91% 15.20% (50.23%)Feb 00 - Dec 02

Equity-EnergyYtd Avg. 2013 17.71%

Equity-Energy/USAYtd Avg. 2013

17.71%

DORSET ENERGY FUND, LTD - CLASS ADavid M. Knott, Donald Textor

31 Oct 00 M $269MFeb 13

50.45 05 Jul 13 4.10% 17.71% -6.43% -1.27% 16.12% 13.61% 21.36% (49.55%)Jun 08 - Dec 08

Equity-FinancialYtd Avg. 2013 9.51%

Equity-Financial/GlobalYtd Avg. 2013

9.51%

LANSDOWNE GLOBAL FINANCIALS FUND LTD.-N-USDWilliamde Winton

30 Jun 04 M $1'000MApr 13

297.07 05 Jul 13 2.86% 11.50% 17.78% -20.82% -1.55% 12.83% 13.71% (26.25%)Apr 10 - May 12

MARSHALL WACE - MW GLOBAL FINANCIALS M/N AUSDAmit Rajpal

31 Oct 08 M $388MJan 13

124.76 09 Jul 13 0.58% 1.93% -0.75% 3.21% 7.64% 4.83% 5.74% (8.01%)Nov 11 - Aug 12



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Equity-Financial/GlobalYtd Avg. 2013

9.51%

TOSCA CLASS A - USDJohnny de la Hey

30 Sep 00 M $600MApr 13

251.90 30 Jun13

(0.96%) 15.09% 24.94% 1.14% 10.31% 7.51% 17.67% (67.54%)Dec 07 - Nov 08

Equity-HealthcareYtd Avg. 2013 13.09%

Equity-Healthcare/GlobalYtd Avg. 2013

13.09%

CCI HEALTHCARE PARTNERS LTDOliver Marti, CCI Healthcare Partners

31 Dec 00 M $334MApr 13

285.93 30 Jun13

(0.71%) 8.67% 6.56% 3.99% 3.71% 8.76% 8.10% (17.89%)Oct 07 - Sep 08

JENOP GLOBAL HEALTHCARE FUND LTD SERIES ADavid Chan

31 Oct 12 W $141MJun 13

11.46 30 Jun13

0.74% 15.08% -0.45% 22.75% 6.86% (0.55%)Nov 12 - Dec 12

MLIS - CCI HEALTHCARE LONG SHORT UCITS FUND -B (acc) USDOliver Marti, CCI Healthcare Partners

31 Jan 10 W $334MJun 13

125.68 09 Jul 13 4.69% 14.30% 5.51% 2.72% 1.46% 6.87% 7.94% (8.67%)Mar 10 - Aug 10

VISIUM INSTITUTIONAL PARTNERS FUND LTDJacob Gottlieb, Visium Asset Management

31 May 10 Q $109MApr 13

120.45 05 Jul 13 0.11% 14.32% 5.73% 1.28% -1.61% 6.19% 6.12% (5.86%)Apr 11 - Sep 11

Equity-Mid-Small CapYtd Avg. 2013 5.55%

Equity-Mid-Small Cap/EuropeYtd Avg. 2013

4.05%

ENNISMORE EUROPEAN SMALLER COMPANIESGeoff Oldfield

30 Nov 99 M €339MMay 13

333.79 28 Jun13

(1.07%) 6.06% 9.65% 11.36% 23.12% 12.05% 10.91% (34.24%)Jul 07 - Apr 09

POLAR CAPITAL EUROPEAN FORAGER FUND LTD -AXRob Gurner

31 Jul 03 M €402MApr 13

281.98 05 Jul 13 (0.18%) 2.04% 11.93% 2.39% 10.46% 11.00% 7.51% (21.47%)Oct 07 - Feb 09

Equity-Mid-Small Cap/GlobalYtd Avg. 2013

(27.00%)

RAB SPECIAL SITUATION FD LTDPhilip Richards

31 Jul 03 Q $22MMay 13

436.78 30 Jun13

(13.08%) (27.00%) -27.94% -17.75% -7.59% 2.11% 35.75% (88.65%)Jul 07 - Jun 13

Equity-Mid-Small Cap/UKYtd Avg. 2013

1.35%

ALPHAGEN VOLANTIS FUND, LTD - A (USD)Rob Giles & Adam McConkey

30 Apr 02 M $536MMay 13

444.16 05 Jul 13 (0.73%) 1.35% 12.7% 1.02% 12.33% 14.25% 8.57% (11.36%)Jun 08 - Dec 08

Equity-Mid-Small Cap/USAYtd Avg. 2013

15.49%

GREENLIGHT CAPITAL OFFSHORE, LTD - A/1David Einhorn

30 Sep 96 Q $8'203MJan 13

143,180.25 30 Jun13

(1.10%) 6.97% 7.66% 1.86% 12.47% 17.21% 10.97% (27.17%)May 08 - Oct 08



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Equity-Mid-Small Cap/USAYtd Avg. 2013

15.49%

GRT TOPAZ OFFSHORE PARTNERS, LTD - A/1Gregory B Fraser & Rudolph K Kluiber & Timothy A.Krochuk

31 Aug 01 Q $29MDec 12

2,322.13 05 Jul 13 (0.27%) 3.74% 13.2% -1.64% 14.64% 7.37% 13.10% (47.07%)May 07 - Feb 09

HARBOUR HOLDINGS LTDCharles A. Paquelet

31 Dec 85 M $238MMay 13

151.48 30 Jun13

(0.80%) 11.27% 14.64% -1.07% 20.45% 18.46% 23.47% (49.05%)May 07 - Feb 09

SENVEST PARTNERS, LTD - CLASS ARichard Mashaal

31 Mar 97 Q $291MMay 13

1,805.47 30 Jun13

(1.70%) 39.97% 34.81% -33.96% 39.59% 19.48% 38.45% (70.55%)Feb 00 - Sep 02

Equity-Pharma-BiotechYtd Avg. 2013 20.76%

Equity-Pharma-Biotech/USAYtd Avg. 2013

20.76%

PERCEPTIVE LIFE SCIENCES OFFSH FUND, LTDJoseph Edelman

31 Dec 99 M $745MMay 13

2,008.64 05 Jul 13 3.68% 37.42% 28.09% 5.82% 16.94% 24.84% 26.12% (25.67%)Feb 00 - May 00

TRAXIS SIVIK GLOBAL HEALTHCARE OFFSHORE -A/01-01Krishen Sud

30 Jun 01 M $103MDec 12

1,920.70 30 Jun13

(0.20%) 13.68% 13.88% -8.27% 2.58% 5.59% 11.37% (32.70%)Oct 07 - Feb 09

VISIUM BALANCED OFFSHORE FUND CL 2Jacob Gottlieb

31 Oct 05 Y/Q $2'971MMay 13

232.10 05 Jul 13 0.13% 11.19% 10.31% 1.89% 24.51% 11.58% 8.91% (15.79%)Aug 08 - Dec 08

Equity-Real EstateYtd Avg. 2013 6.99%

Equity-Real Estate/GlobalYtd Avg. 2013

6.99%

BROOKFIELD GLOBAL REITS LONG SHORTSTRATEGYJason Baine and Bernhard Krieg

30 Nov 04 M $188MMar 13

430.43 30 Jun13

0.29% 6.99% 40% -18.96% 30.83% 18.53% 28.24% (54.37%)May 07 - Feb 09

Equity-TechnologyYtd Avg. 2013 1.84%

Equity-Technology/GlobalYtd Avg. 2013

(0.21%)

EXANE ARCHIMEDES FUND CLASS A CAPGilles Lenoir and César Zeitouni

30 Sep 06 W €417MJun 13

15,109.49 09 Jul 13 (0.26%) (0.21%) -0.19% 3.99% 6.82% 6.28% 4.81% (5.10%)Nov 11 - May 12

Equity-Technology/USAYtd Avg. 2013

3.89%

SELIGMAN TECH SPECTRUM FUND CLASS-A1-S/2-2002J. & W. Seligman & Co. Incorporated

31 Dec 06 M $215MApr 13

314.18 14 Jun13

(0.70%) 3.89% 0.65% -0.21% 8.34% 7.24% 12.44% (19.91%)May 08 - Nov 08



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Equity-UtilityYtd Avg. 2013 2.94%

Equity-Utility/EuropeYtd Avg. 2013

2.94%

CYGNUS UTILITIES, INFRASTRUCTURE &RENEWABLESCygnus Asset Management

30 Apr 06 M $275MJul 13

1,792.64 30 Jun13

(0.23%) 2.94% 10.88% -2.7% -2.51% 8.48% 8.05% (10.69%)Nov 09 - Aug 11



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Equity-DiversifiedYtd Avg. 2013 11.97%


12.49%

PASSPORT SPECIAL OPPORTUNITIES FUND LTDCLASS AAJohn Burbank

30 Apr 08 H-Y $341MJun 13

148.78 30 Jun13

1.20% 12.49% -5.67% -19.91% 72.77% 7.99% 27.89% (43.24%)Jun 08 - Nov 08


11.45%

MARCATO INTERNATIONAL LTDRichard McGuire, Marcato Capital Management LLC

30 Sep 10 Q $1'000MApr 13

146.66 30 Jun13

0.10% 11.45% 28.67% -4.16% 6.71% 14.93% 12.41% (17.63%)Mar 11 - Sep 11

Multi-StrategyYtd Avg. 2013 9.32%

Multi-Strategy/AsiaYtd Avg. 2013

6.93%

YORK ASIAN OPPORTUNITIES UNITS TRUST -A-Feng Hsiung / Masahiko Yamaguchi

31 Mar 06 Q $250MMay 13

1,247.48 05 Jul 13 1.00% 6.93% 10.8% -6.59% 13.47% 10.25% 14.76% (34.54%)Oct 07 - Dec 08

Multi-Strategy/EmergingYtd Avg. 2013

2.26%

MONEDA ABSOLUTE RETURN LTDJuan Luis Rivera

31 Jan 07 Q $108MDec 12

132.63 30 Jun13

(3.70%) 2.26% 5.89% -16.41% 12.83% 4.50% 12.66% (29.89%)Jun 08 - Dec 08

Multi-Strategy/EuropeYtd Avg. 2013

7.29%

MLIS OZ EUROPE UCITS FUND CLASS B EURMichael Cohen, Och-Ziff Capital Management Group

31 Mar 11 W €196MMay 13

108.37 09 Jul 13 1.05% 7.29% 10.74% -8.79% 3.59% 6.80% (10.96%)Apr 11 - Nov 11

Multi-Strategy/GlobalYtd Avg. 2013

9.95%

AG SUPER FUND INTERNATIONAL, LTDMichael Gordon & Dave Kamin

30 Apr 93 Y $603MMay 13

1,575.92 05 Jul 13 0.85% 8.44% 13.67% -2.62% 13.42% 10.01% 5.49% (24.78%)Jun 07 - Dec 08

DAVIDSON KEMPNER INTL, LTD - CLASS C Tranche 1Thomas L. Kempner, Jr.

31 Oct 95 Q $6'241MMar 13

446.82 05 Jul 13 0.00% 5.82% 8.13% 1.38% 10.02% 8.83% 3.80% (10.87%)Oct 07 - Nov 08

KG INVESTMENT FUND LLCKG Funds Management LLC

31 Dec 08 Q $72MJun 13

219.65 30 Jun13

(0.56%) 7.67% 21.93% 12.4% 16.46% 19.11% 15.40% (20.31%)Dec 08 - Feb 09

OWL CREEK OVERSEAS FUND, LTDJeffrey Altman

31 Jan 02 Y $3'112MMar 13

4,292.18 05 Jul 13 2.00% 26.61% 11.07% -15.44% 2.36% 13.59% 13.22% (20.92%)Mar 10 - Sep 11

PAULSON ADVANTAGE LTD -A-John Paulson

31 Mar 04 Q $1'790MFeb 13

222.65 30 Jun13

(3.06%) 1.17% -14.23% -35.96% 10.95% 9.03% 15.15% (47.71%)Feb 11 - Nov 12



InceptionDates

Liquidity AssetSize

Last NAV orIndex



9.95%

PAULSON ADVANTAGE PLUS LTDJohn Paulson

31 Dec 04 Q $2'624MFeb 13

224.21 30 Jun13

(4.32%) 1.43% -21.5% -52.64% 17.13% 9.96% 23.14% (65.24%)Feb 11 - Feb 13

PAULSON RECOVERY FUND LTDJohn Paulson

31 Oct 08 Y $1'503MFeb 13

147.35 30 Jun13

(1.40%) 25.22% 5.25% -27.92% 23.78% 8.66% 20.59% (35.13%)Apr 11 - Sep 11

PERRY PARTNERS INTERNATIONAL INC CLASS -1 -TN ARichard Perry

30 Sep 93 Q / 2Y $4'892MDec 12

928.83 05 Jul 13 0.15% 9.68% 15.61% -7.14% 15.12% 11.93% 7.28% (25.65%)Oct 07 - Nov 08

PERSHING SQUARE INTL.LTDWilliam Ackman

31 Dec 04 Y/Q $5'599MJun 13

3,609.88 30 Jun13

(1.10%) 6.03% 12.39% -2.03% 21.68% 16.30% 14.09% (20.35%)Jan 08 - Feb 09

REVELATION SPECIAL SITUATIONS FUND LTDChris Kuchanny

28 Feb 05 M $152MMay 13

1,972.01 30 Jun13

1.48% 5.30% 2.38% -6.61% 11.95% 8.48% 5.83% (11.71%)May 11 - Apr 12

SOLUS SOLA LTD CL. IChris Pucillo, Scott Martin, CJ Lanktree

31 Dec 01 Q $880MJun 13

989.06 05 Jul 13 0.58% 16.25% 9.11% -1.73% 24.19% 22.01% 14.69% (21.93%)Feb 08 - Apr 09

SOMERSET SPECIAL OPPORTUNITIES FUND LPRobert Feingold

31 Jul 07 Q $247MMar 13

181.98 31 May13

1.48% 8.18% 11.33% -1.25% 18.7% 10.80% 11.61% (25.61%)Aug 08 - Mar 09

THIRD POINT OFFSHORE FUND LTDDaniel Loeb

30 Nov 96 M $6'492MJun 13

15,337.95 03 Jul 13 0.70% 13.37% 21.6% -0.1% 33.75% 17.88% 12.98% (35.48%)Jun 08 - Mar 09

THIRD POINT ULTRADaniel Loeb

30 Apr 97 Q $2'134MMay 13

4,915.53 03 Jul 13 1.00% 19.70% 34.47% -2.29% 37.91% 27.21% 22.07% (41.80%)Jun 08 - Mar 09

TRIAN PARTNERS LTDNelson Peltz, Peter May & Ed Garden

31 Dec 05 Q $1'692MJun 13

157.91 05 Jul 13 0.98% 12.91% 0.9% 3.98% 17.92% 6.27% 13.22% (30.56%)May 07 - Feb 09

TYRUS CAPITAL EVENT FUND LTDTony Chedraoui

31 Oct 09 Q $1'024MJun 13

127.87 05 Jul 13 0.13% 2.88% 6.77% -0.22% 11% 6.91% 6.05% (7.95%)Feb 11 - Sep 11

TYRUS CAPITAL OPPORTUNITIES FUND LTDTony Chedraoui

31 Mar 11 Q $633MJun 13

105.37 05 Jul 13 0.25% 2.66% 7.59% -4.6% 2.33% 5.63% (6.43%)Mar 11 - Sep 11

YORK INVESTMENT LTD -CLASS A-U/1James Dinan

28 Feb 94 Q $2'600MJan 13

7,824.50 05 Jul 13 0.68% 5.83% 13.73% -7.34% 7.39% 11.21% 8.94% (29.86%)Oct 07 - Feb 09



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Fixed IncomeYtd Avg. 2013 2.42%

Fixed Income/GlobalYtd Avg. 2013

2.42%

BLACKROCK FIXED INCOME GLOBAL ALPHA FUNDTim Webb

30 Sep 06 M $4'700MMay 13

202.78 08 Jul 13 0.34% 4.30% 14.73% 19.93% 11.13% 11.00% 5.56% (10.54%)Jun 08 - Dec 08

BLACKROCK OBSIDIAN FUNDStuart Spodek

30 Jun 96 M $880MMay 13

6,115.54 05 Jul 13 0.50% 2.52% 34.27% -13.5% 28.71% 11.22% 9.43% (20.93%)Jan 08 - Feb 09

CAPULA GLOBAL RELATIVE VALUE FUND LTD CLASS-A-Yan Huo, Masao Asai

30 Sep 05 Q $5'209MJul 13

214.61 05 Jul 13 0.38% 3.53% 0.43% 6.21% 9.57% 10.33% 4.87% (7.41%)Feb 08 - Mar 08

EMF FIXED INCOME FUND, LTDEric M. Flanagan/David C. Gottlieb

31 Oct 01 M $261MMay 13

39,218.38 05 Jul 13 1.50% 1.68% -1.12% 5.89% 8.71% 12.41% 14.75% (22.46%)Feb 08 - Mar 08

III FUND LTDCliff G Viner

30 Jun 93 M $126MMay 13

3,668.69 05 Jul 13 0.01% 6.41% 11.83% 9.03% 18.53% 6.71% 11.25% (54.77%)Jan 08 - Nov 08

III RELATIVE VALUE CREDIT STRATEGIES FUND LTDGarth Friesen

31 Oct 05 M $145MFeb 13

1,715.95 05 Jul 13 0.01% 4.56% 10.22% 10.36% 16.34% 7.28% 8.55% (31.27%)Nov 07 - Dec 08

KAMUNTING STREET OFFSHORE FUND LTDAllan Teh

30 Apr 04 Q $746MApr 13

233.87 30 Jun13

(1.20%) 3.61% 17.5% -6.2% 24.02% 9.70% 13.04% (38.39%)Oct 07 - Nov 08

KLS DIVERSIFIED FUND LTDJeff Kronthal ; Harry Lengsfield ; John Steinhardt

31 Jul 08 Q $1'418MApr 13

155.77 31 May13

(1.08%) 2.75% 7.35% 4.85% 11.64% 9.60% 3.06% (1.97%)Aug 08 - Oct 08

LONDON DIVERSIFIED FUND, LTD - DRobert Standing

31 May 95 Q $147MMar 13

4,548.29 05 Jul 13 0.06% (0.76%) 4.86% 3.75% 7.55% 8.73% 6.69% (28.95%)Jan 08 - Dec 08

MKP PARTNERS OFFSHORE LTDRichard Lightburn & Patrick McMahon

29 Feb 96 Q $155MApr 13

370.31 05 Jul 13 (0.24%) (1.29%) 7.73% 10.97% 11.38% 7.83% 10.28% (41.67%)May 98 - Oct 98

PIMCO ABSOLUTE RETURN STRATEGY IVOFFSHORE FUND II , CL. A/1William H. Gross, Qi Wang

31 Mar 02 Q $3'093MMay 13

2,379.51 31 May13

(0.60%) 2.24% 12.01% 1.82% 11.39% 8.07% 8.81% (25.88%)May 08 - Nov 08

PINE RIVER FIXED INCOME FUND LTDSteve Kuhn

31 Jan 08 Q $3'569MJul 13

557.44 05 Jul 13 (0.87%) 5.67% 34.85% 4.77% 31.84% 37.22% 9.62% (8.83%)Jul 11 - Oct 11

PINE RIVER LIQUID MORTGAGE FUND LTDJiayi Chen, Steve Kuhn

31 Aug 10 M $961MJun 13

142.74 05 Jul 13 (1.20%) (4.46%) 28.86% 7.19% 8.17% 13.32% 7.42% (5.67%)Feb 13 - Jul 13

PROLOGUE FEEDER FUND, LTD. CLASS ADavid Lofthouse, Graham Walsh

31 Jan 06 Q $2'301MJun 13

1,938.58 30 Jun13

(1.23%) 3.06% 6.02% 8.37% 6.65% 9.34% 3.61% (1.59%)Jul 07 - Aug 07



InceptionDates

Liquidity AssetSize

Last NAV orIndex


ArbitrageYtd Avg. 2013 2.77%

Arbitrage/GlobalYtd Avg. 2013

2.77%

HSBC MAA FUND USDHSBC Alternative Investments Limited

15 Jun 95 Q / M $98MMay 13

206.18 21 Jun13

(0.35%) 2.77% 4.21% -3.61% 2.91% 4.09% 4.81% (25.30%)Jul 07 - Dec 08

Event DrivenYtd Avg. 2013 4.73%

Event Driven/GlobalYtd Avg. 2013

4.73%

GEMS PROGR. FUND SICAV RECOVERY PORTFOLIOREGULAR USDDavid Goldfarb, Miguel Abadi, Cedric Carrol

31 Dec 01 Q $266MOct 12

2,306.35 05 Jul 13 0.00% 3.75% 5.91% -12.46% 6.14% 7.52% 6.81% (23.23%)Jun 08 - Dec 08

HSBC CREDIT MARKET OPPORTUNITIES FUND USDCLASS COMPOSITEHsbc Management (Guernsey) Ltd

31 May 09 Q $62MMay 13

112.30 21 Jun13

(0.35%) 4.72% 8.74% -7.47% 17.52% 5.49% 6.62% (9.16%)Feb 11 - Dec 11

HSBC SPECIAL OPPORTUNITIES FUND LTDHSBC Alternative Investments Limited

28 Feb 07 Q $82MApr 13

119.77 21 Jun13

(1.14%) 5.71% 20.63% -3.5% 0.85% 2.90% 10.55% (35.45%)Jun 08 - Mar 09

Long/ShortYtd Avg. 2013 5.91%

Long/Short/AsiaYtd Avg. 2013

5.91%

HSBC ASIAN ADVANTEDGE FUNDHSBC Alternative Investments Limited

30 Jun 02 M $33MMay 13

179.18 21 Jun13

(1.73%) 5.91% 2.01% -11.59% 2.66% 5.45% 8.20% (24.73%)Dec 07 - Nov 08

MacroYtd Avg. 2013 11.83%

Macro/GlobalYtd Avg. 2013

11.83%

MASTERS FUND LTD MAGNOLIA SERIESSean M. Doyle

31 Dec 96 Q $328MApr 13

5,189.82 05 Jul 13 1.56% 11.83% 1.49% -0.36% 7.1% 10.48% 8.73% (9.96%)Jul 98 - Oct 98




InceptionDates

Liquidity AssetSize

Last NAV orIndex



4.61%

DIAMOND CAPITAL MANAGEMENTElchanan Jaglom, Daniel Jaglom

31 Oct 02 Q $197MMar 13

169.32 31 May13

0.40% 4.65% 2.61% -1.97% 4.05% 5.10% 4.37% (14.18%)Jun 08 - Dec 08

GAM DIVERSITY I INC - US$ CLASSDavid Smith

31 Dec 89 M $487MMar 13

734.36 08 Jul 13 0.91% 7.44% 6.67% -3.44% -2.55% 8.84% 7.99% (19.64%)Jan 94 - Jan 95

GAM DIVERSITY II INC - US$ CLASSDavid Smith

31 Jul 98 M $45MMar 13

223.73 08 Jul 13 0.93% 7.36% 6.54% -3.66% -3.4% 5.53% 7.36% (18.79%)Oct 07 - Dec 11

GAM TRADING II USDDavid Smith, Arvin Soh

30 Apr 97 M $2'364MMay 13

337.86 08 Jul 13 1.71% 2.34% 2.83% -4.11% 5.97% 7.80% 5.83% (5.88%)Jun 08 - Sep 08

HSBC GH FUND USDHSBC Alternative Investments Limited

31 May 96 M $1654MMay 13

305.32 21 Jun13

(1.36%) 4.62% 5.4% -3.37% 4.68% 6.76% 6.43% (18.30%)Jun 08 - Dec 08

HSBC HEDGE INVESTMENTS FUNDHSBC Alternative Investments Limited

28 Feb 02 Q $4MMay 13

159.85 21 Jun13

(1.27%) 4.50% 5.97% -2.72% 5.33% 4.23% 4.98% (17.63%)Jun 08 - Dec 08

HSBC LEVERAGED GH FUNDHSBC Republic Investment Limited

30 Nov 04 M $1'654MMay 13

138.52 21 Jun13

(2.81%) 8.22% 8.72% -8.76% 7.18% 3.88% 11.95% (37.09%)Jun 08 - Dec 08

HSBC NEXT GENERATION FUND NNI MANDATE ShareClassHSBC Management (Guernsey) Ltd

30 Sep 11 M $51MMay 13

101.09 21 Jun13

(2.27%) 0.69% 1.98% -1.55% 0.63% 4.31% (4.45%)Feb 12 - Sep 12

HSBC UCITS ADVANTEDGE FUND -USD CLASSHsbc Alternative Inv. Ltd

31 Oct 09 W €81MMay 13

94.97 03 Jul 13 0.58% 1.64% 1.38% -7.51% -0.37% (1.38%) 3.41% (8.81%)Apr 10 - Dec 11

TradingYtd Avg. 2013 (6.74%)

Trading/GlobalYtd Avg. 2013

(6.74%)

HSBC TRADING ADVANTEDGE FUNDHSBC Alternative Investments Limited

31 Oct 05 M $221MMay 13

132.51 21 Jun13

(5.51%) (6.74%) -5.39% -1.62% 8.82% 3.75% 10.03% (16.60%)Apr 11 - Jun 13



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Equity-DiversifiedYtd Avg. 2013 (13.23%)


(13.23%)

RUSSIAN PROSPERITY FUND - AAlexander Branis

31 Aug 96 W $1'356MJun 13

199.54 28 Jun13

(6.98%) (13.23%) 20.19% -18.03% 47.56% 19.68% 45.31% (90.26%)Jul 97 - Jan 99



InceptionDates

Liquidity AssetSize

Last NAV orIndex


CommodityYtd Avg. 2013 2.01%

Commodity/GlobalYtd Avg. 2013

2.01%

ARMAJARO COMMODITIES FUND CLASS -A-John Tilney

31 Mar 04 M $1'040MJun 13

237.60 05 Jul 13 (0.58%) 3.53% 1.65% -7.11% 7.35% 9.79% 11.38% (15.56%)Feb 08 - Dec 08

BREVAN HOWARD COMMODITIES STRATEGIESFUND L.P.Stephane Nicolas

28 Feb 10 M $841MMay 13

104.59 30 Jun13

0.48% (2.49%) 5.8% -2.65% 7.83% 2.42% 8.55% (8.62%)Aug 11 - Dec 11

CLIVE FUND (The ) Class - A -Christian Levett and Richard Boland

30 Nov 07 Q $1'048MMay 13

165.90 30 Jun13

(1.71%) (3.64%) -8.81% -9.92% 19.75% 9.48% 18.06% (27.10%)Apr 11 - Jun 13

DB PLATINUM V HERMES A.R. COMMODITY FUNDColin O'Shea

28 Feb 10 D $345MOct 12

108.87 09 Jul 13 (0.36%) (5.63%) -0.65% 9.69% 5.86% 2.56% 6.29% (11.18%)Mar 12 - Jul 13

KROM RIVER COMMODITY FUNDChristopher Brodie

30 Jun 06 M $390MJun 13

163.68 05 Jul 13 0.53% (3.83%) -4.92% -3.89% 13.23% 7.27% 9.59% (16.74%)Apr 11 - Jun 13

MERCHANT COMMODITY FUND (THE) - COMPOSITEMichael Coleman and Doug King

31 May 04 M $175MApr 13

382.52 30 Jun13

3.90% 24.15% -7.6% -30.07% 27.4% 15.91% 21.02% (36.93%)Dec 10 - Oct 11

Commodity-SystematicYtd Avg. 2013 (2.19%)

Commodity-Systematic/GlobalYtd Avg. 2013

(2.19%)

ARMAJARO STS COMMODITIES FUND CLASS -Z-Will Griffin

31 Dec 09 M $40MMar 13

80.55 30 Jun13

3.67% (2.19%) -18.15% -15.89% 19.64% (5.99%) 24.67% (46.93%)Apr 11 - Apr 13

CurrencyYtd Avg. 2013 2.11%

Currency/AsiaYtd Avg. 2013

7.41%

DYMON ASIA MACRO FUND (SERIES A)Danny Yong

31 Jul 08 M $2'755MMay 13

161.07 05 Jul 13 0.38% 8.81% 0.96% 20.11% 15.23% 10.15% 11.58% (13.69%)Jul 08 - Sep 08

THE CAMBRIDGE STRATEGY - ASIAN MARKETSCURRENCY ALPHAAlexandra Edstein

31 Jan 06 M $132MJun 13

167.94 05 Jul 13 (0.20%) 6.02% 0.86% 6.36% 4.49% 7.23% 8.08% (6.83%)Sep 11 - Aug 12

Currency/GlobalYtd Avg. 2013

(1.43%)

BREVAN HOWARD INVESTMENT FUND II MACRO FXFUND - CLASS A USDBrevan Howard Asset Management LLP

30 Sep 09 W $570MApr 13

101.64 26 Jun13

(2.85%) (1.91%) -2.32% 5.15% 0.6% 0.44% 4.21% (6.76%)Jul 12 - Jun 13



InceptionDates

Liquidity AssetSize

Last NAV orIndex



(1.43%)

THE CAMBRIDGE STRATEGY - EMERGING MARKETSCURRENCY ALPHAJesse Marre, Andrew Bresler

31 Jan 08 M $66MJun 13

154.82 05 Jul 13 1.30% 1.19% 7.42% 10.46% 3.24% 8.38% 7.84% (8.72%)Apr 10 - Nov 10

THE CAMBRIDGE STRATEGY - EXTENDED MARKETSCURRENCY ALPHARobert Colehan

31 Mar 04 M $325MJun 13

127.51 05 Jul 13 1.04% (3.57%) -1.47% -0.92% -11.17% 2.66% 6.97% (24.13%)Feb 09 - Jun 13

DiversifiedYtd Avg. 2013 6.97%

Diversified/AsiaYtd Avg. 2013

17.26%

ALPHADYNE INVESTMENT STRATEGIES FUND LTDBart Broadman, Philippe Khuong-Huu

31 Jan 07 M $307MMay 13

1,811.39 05 Jul 13 0.80% 9.68% 7.06% 3.11% 7.58% 9.68% 4.89% (3.63%)May 09 - Jun 09

BREVAN HOWARD ASIA FUND LIMITEDKaspar Ernst

30 Sep 04 M $1'988MMay 13

224.22 30 Jun13

2.25% 7.53% 4.41% 8.86% 1.83% 9.66% 3.83% (1.94%)Jan 10 - Mar 10

FORTRESS ASIA MACRO FUNDAdam Levinson

28 Feb 11 Q $1'026 MMay 13

143.42 05 Jul 13 1.50% 14.53% 21.23% 3.3% 16.58% 6.28% (4.91%)Mar 11 - Oct 11

SINFONIETTA FUNDSymphony Financial Partners

31 May 08 M $57MJun 13

191.42 05 Jul 13 0.64% 37.28% 7.07% 22.92% -0.27% 13.58% 15.49% (14.44%)Jun 08 - Mar 09

Diversified/EmergingYtd Avg. 2013

0.35%

ADELANTE EMERGING DEBT FUNDJulian Adams

30 Jun 99 M $80MJun 13

73.70 30 Jun13

(2.49%) (2.56%) 14.48% 0.65% 11% 15.32% 9.26% (22.42%)Feb 08 - Feb 09

ALPHA4X CAPITAL GROWTH FUNDManuel E. Mejía-Aoun, Urvish Bidkar, Fabio Izzo

30 Apr 06 M $ 127 MJun 13

170.96 30 Jun13

1.71% 2.79% 2.54% 11.5% -5.19% 7.76% 6.65% (8.12%)Nov 09 - May 10

BLUECREST EMERGING MARKETS FUNDSBluecrest Capital Management LLP

31 Aug 05 Q $1'670MMay 13

193.20 30 Jun13

(0.08%) 2.30% 10.9% -0.43% 7.82% 8.78% 11.14% (22.89%)Oct 07 - Oct 08

BREVAN HOWARD EM. MKT STRATEGIES FUND LTDGeraldine Sundstrom

31 Dec 07 M $2'755MMay 13

126.91 30 Jun13

(6.55%) (12.87%) 14.12% -6.28% 2.01% 4.43% 10.37% (14.71%)Jan 13 - Jun 13

GAVEA FUND LTD . CLASS A S/1Fraga Arminio

31 Jul 03 Q $1'893MJun 13

241.75 05 Jul 13 0.74% 5.61% 8.19% -0.35% 6.48% 9.29% 6.67% (12.50%)Jul 08 - Oct 08

GREEN FUND LLC GREEN CLASSLuis Stuhlberger

31 Jan 01 M $639MMay 13

681.78 04 Jul 13 0.59% 3.10% 13.55% -5.7% 7.84% 15.61% 14.39% (33.00%)Jun 08 - Nov 08

PHARO TRADING FUNDGuillaume Fonkenell

30 Nov 00 M $227MMay 13

4,089.02 30 Jun13

(2.58%) 3.12% 0.69% -2.68% 10.52% 11.84% 10.55% (13.16%)Feb 08 - Oct 08

SPINNAKER GLOB OPP FUND, LTD COMPOSITEJorge Rosas

31 Jan 01 Q $1'106MMar 13

496.01 30 Jun13

(1.48%) 0.91% 14.12% -11.82% 15.03% 13.76% 9.37% (31.74%)May 08 - Feb 09



InceptionDates

Liquidity AssetSize

Last NAV orIndex



0.35%

THE CAMBRIDGE STRATEGY - APOLLO (EM MACRO)ABSOLUTE RETURNRussell Thompson, Walid Khalfallah, Ali BoraYigitbasioglu

30 Apr 09 M $209MJun 13

146.52 05 Jul 13 1.42% 0.77% 12.92% 14.14% 8.52% 9.56% 5.53% (4.34%)Apr 10 - Sep 10

Diversified/GlobalYtd Avg. 2013

7.58%

BREVAN HOWARD FUND, LTD - USD CLASS AAlan Howard

31 Mar 03 M $27'890MApr 13

314.85 30 Jun13

(3.07%) 3.86% 3.93% 12.15% 1.01% 11.83% 6.90% (5.17%)Feb 08 - Apr 08

BTG PACTUAL GLOBAL EM. MKTS AND MACRO FDBTG Pactual Global Asset Management

31 Jan 09 Q $5'007MMay 13

2,687.17 31 May13

1.67% 5.02% 28.12% 3.44% 22.38% 25.63% 7.59% (3.57%)May 11 - Dec 11

CAPITAL FUND, LTD (THE)Kenneth Windheim

31 Dec 99 M $67MApr 13

375.92 05 Jul 13 0.08% (1.46%) 0.21% 4.65% 0.34% 10.29% 10.55% (17.38%)Jan 09 - Mar 10

CAXTON GLOBAL INVESTMENT LTDAndrew E. Law

31 Jan 97 Q $4'396MFeb 13

905.88 09 Jul 13 2.86% 18.61% 1.96% 0.7% 9.29% 14.34% 7.48% (7.37%)Jun 07 - Aug 07

COMAC GLOBAL MACRO FUNDColm O’Shea

31 May 06 M $1'764MJul 13

151.92 05 Jul 13 1.18% 0.04% -8.95% 5% 1.14% 6.07% 8.26% (12.78%)Apr 10 - Jan 13

COMMONWEALTH OPPORTUNITY CAYMAN FUNDLTDAdam Fisher

30 Nov 08 M $580MJul 13

199.86 05 Jul 13 0.31% 2.39% 15.64% 10.75% 7.01% 16.25% 10.66% (10.38%)Jan 09 - Feb 09

DISCOVERY GLOBAL MACRO LTD CLASS -A- SERIES1Robert K Citrone

31 Aug 11 Q $1'239MMay 13

1,382.09 30 Jun13

(1.44%) 17.47% 18.87% -1.02% 19.31% 8.53% (3.83%)May 12 - Jun 12

DISCOVERY GLOBAL OPPORTUNITY FUND, LTDRobert K Citrone

31 Jul 99 HY $8'350MMay 13

868.77 31 May13

(0.82%) 16.30% 15.06% 3.58% 16.92% 16.90% 14.69% (33.03%)Dec 07 - Dec 08

ECLECTICA FUND (THE) CLASS A EUROHugh Hendry

30 Sep 02 M $686MMay 13

239.33 05 Jul 13 0.20% 1.11% -1.72% 12.11% 2.65% 8.44% 21.77% (31.94%)Feb 08 - Sep 08

EPISODE INC. CLASS ADavid Fishwick / Tony Finding

31 Jul 05 Q $1'323MJun 13

128.74 05 Jul 13 (0.16%) (0.54%) -4.69% 0.98% 4.83% 3.24% 11.86% (32.77%)Oct 07 - Feb 09

FORTRESS MACRO FUND LTD. CLASS AMichael E. Novogratz & Adam Levinson

31 Dec 08 M $1'564MJun 13

1,332.06 05 Jul 13 2.64% 16.11% 17.82% -9.33% 10.7% 10.62% 6.80% (11.34%)Mar 11 - Nov 11

GAM GLOBAL RATES HEDGE FUNDAdrian Owens

31 Jan 04 M $2'535MMay 13

227.85 30 Jun13

(0.47%) 4.64% 14.71% -6.73% 9.47% 9.14% 7.41% (12.25%)Mar 11 - Sep 11

GAMUT INVESTMENTSAdrian Owens

30 Jun 86 M $86MJun 13

8,331.81 02 Jul 13 (0.01%) 3.19% 0.29% -0.95% 7.22% 17.78% 13.28% (13.45%)Dec 87 - Apr 88

GRAHAM GLOBAL INVESTMENT FUND II -DISCRETIONARY ENHANCED VOLKenneth G. Tropin

31 May 04 Q $4'054MJun 13

219.83 09 Jul 13 0.92% 5.24% 7.35% 6.82% 14.26% 12.33% 10.52% (30.81%)May 07 - Jun 08



InceptionDates

Liquidity AssetSize

Last NAV orIndex



7.58%

GRAHAM GLOBAL INVESTMENT FUND-DISCRETIONARYKenneth G. Tropin

31 May 04 Q $4'320MMay 13

262.66 09 Jul 13 0.47% 2.62% 3.83% 3.56% 7.12% 6.97% 5.20% (14.81%)May 07 - Jun 08

HARMONIC ALPHA PLUS MACRO FUND - USD CLASSRichard Conyers

30 Apr 03 M $900MJun 13

129.18 05 Jul 13 (2.46%) (7.10%) 22.83% -8.91% 20.3% 6.15% 11.89% (16.74%)Apr 11 - Dec 11

MELLON OFF GLOB OPP FUND LTD -MULTICURRENCY - A1Alexander Huberts & Jeff Zhang

30 Nov 05 M $198MMay 13

1,146.80 30 Jun13

(2.18%) 0.55% -2.53% 4.79% 17.48% 1.82% 8.99% (31.90%)Jan 07 - Oct 08

MELLON OFF. ALPHAACCESS FUND LTD - MCY A/1Alexander Huberts & Jeff Zhang

31 Jul 05 M $103MMay 13

1,085.87 30 Jun13

(4.36%) 2.00% -4.79% 4.46% 23.11% 1.04% 17.76% (59.00%)Jan 07 - Oct 08

MKP OPPORTUNITY OFFSHORE, LTDPatrick McMahon

31 Jul 01 M $3'194MMay 13

304.26 05 Jul 13 0.37% 5.38% 6.9% 11.42% -0.35% 9.77% 5.33% (3.70%)Dec 09 - Feb 10

MLM MACRO PEAK PARTNERS OFFSH FD, LTD - BTimothy Rudderow

31 Mar 02 M $253MDec 12

2,219.15 30 Jun13

2.60% 15.47% -0.76% -35.04% 7.83% 7.34% 18.44% (36.99%)Dec 10 - May 12

MOORE GLOBAL INV FD, LTD - A $Louis Bacon

31 Dec 89 Q $4'800MDec 12

54,248.66 30 Jun13

0.30% 13.47% 8.82% -2.21% 4.74% 18.51% 11.84% (18.45%)Jan 94 - Feb 95

MOORE MACRO MANAGERS FUND, LTD CLASS -A-Louis Bacon

31 Jul 93 Q $3'139MMay 13

13,471.49 30 Jun13

0.24% 11.31% 9.01% -2.57% 11.56% 13.94% 8.47% (14.47%)Jan 94 - Feb 94

ONSLOW MACRO FUND CLASS ANicolas Galperin

31 Dec 07 M $118MJul 13

148.99 30 Jun13

3.36% 7.18% -6.72% 3.17% 13.3% 7.46% 15.80% (25.48%)Sep 08 - Oct 08

PHARO MACRO FUND LTDGuillaume Fonkenell

30 Apr 05 Q $1'907MMay 13

2,587.08 30 Jun13

(2.21%) 7.55% 12.53% -7.82% 7.3% 12.33% 9.08% (9.64%)Jun 08 - Nov 08

PINPOINT MULTI-STRATEGY FUNDQiang Wang

29 Feb 08 M $137MDec 12

147.48 28 Jun13

(3.58%) (1.05%) 6.19% -10.43% 23.74% 7.56% 11.31% (17.36%)Jun 08 - Nov 08

RUBICON GLOBAL FUND, LTDPaul Brewer

31 Oct 99 M $717MJun 13

565.58 05 Jul 13 2.77% 28.29% -3.89% 5.34% 14.97% 13.49% 14.48% (36.03%)Dec 04 - May 07

TT INTERNATIONAL FUNDTacchi Tim

31 Aug 89 M $409MMay 13

7,454.53 30 Jun13

(1.14%) 4.82% 4.27% -14.09% 13.52% 8.72% 14.46% (27.05%)Jan 94 - Jan 95

TUDOR B.V.I GLOBAL FUND LTD -A-Paul Tudor Jones

31 Oct 86 Q $7'445MMay 13

126,267.15 05 Jul 13 1.29% 13.77% 5.41% 2.17% 7.41% 19.87% 18.88% (17.07%)Apr 92 - Jul 92

TUDOR B.V.I GLOBAL FUND LTD -A- ALT SERIES 01Paul Tudor Jones

31 Dec 11 Q $5'620MMay 13

127,071.28 05 Jul 13 1.24% 13.57% 6.27% - 13.23% 7.25% (4.37%)May 12 - Jun 12

TUDOR DISCRETIONARY MACRO FUND CLASS ISeries 01Multi-PM Platform

30 Jun 12 Q $1'127MJun 13

1,210.53 05 Jul 13 1.48% 17.73% 2.82% 20.74% 6.10% (1.50%)Sep 12 - Oct 12



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Fixed IncomeYtd Avg. 2013 (2.43%)

Fixed Income/GlobalYtd Avg. 2013

(2.43%)

AVIVA INVESTOR FIXED INCOME MACRO (Tranche 2)Shahid Ikram

30 Jun 09 M $303MMay 13

12.15 30 Jun13

(1.15%) (1.26%) 2.31% 7.55% 6.39% 4.99% 3.01% (1.70%)Feb 13 - Jun 13

BREVAN HOWARD INVEST. FUND - EMERGINGMARKETS LOCAL FIXED INCOME FUNDFilippo Cipriani, Brevan Howard Asset Management

31 May 10 W $1'482MJun 13

111.98 28 Jun13

(0.65%) (3.60%) 7.21% 2.97% 5.21% 3.74% 5.13% (4.19%)Feb 13 - Jun 13

SystematicYtd Avg. 2013 (6.66%)

Systematic/GlobalYtd Avg. 2013

(6.66%)

EAGLE QUANTITATIVE MACRO FUND LTDEagle Trading Systems Inc. (Menachem Sternberg)

30 Sep 06 M $268MJul 13

178.44 05 Jul 13 (3.40%) (6.66%) 8.57% 4.2% 4.82% 8.93% 14.40% (13.54%)Nov 09 - Feb 10



InceptionDates

Liquidity AssetSize

Last NAV orIndex


CommodityYtd Avg. 2013 35.50%

Commodity/GlobalYtd Avg. 2013

35.50%

CUMULUS ENERGY FUND CLASS A USDPeter Brewer

30 Sep 06 M $225MMay 13

678.60 05 Jul 13 (1.08%) 35.50% 24.55% 99.63% -10.68% 32.71% 36.41% (41.27%)Sep 07 - Apr 08

CurrencyYtd Avg. 2013 (13.77%)


(13.77%)

ORTUS FUND (CAYMAN) LTDDr Joe Zhou

30 Sep 03 M $209MMay 13

203.37 30 Jun13

(0.75%) (13.77%) -17.33% 5.7% 27.89% 7.55% 12.47% (29.81%)Jan 12 - Jun 13

Multi-StrategyYtd Avg. 2013 (4.70%)


(4.70%)

COELI POWER SURGE FUND LTDHenrik Wennberg, Jukka Virtala, Mathias Wennberg

30 Nov 07 M €12'MMar 13

1,403.24 30 Jun13

(1.21%) (4.70%) -8.67% 1.21% 23.45% 6.25% 12.86% (12.96%)Dec 11 - Jun 13

SystematicYtd Avg. 2013 0.54%


0.54%

AHL DIVERSIFIEDTim Wong, Matthew Sargaison

29 Feb 96 W $1'211MMay 13

89.55 05 Jul 13 1.32% (1.97%) -2.22% -5.9% 16.02% 13.46% 16.98% (19.53%)Oct 01 - Apr 02

AHL EVOLUTION USDTim Wong , Matthew Sargaison

31 Aug 05 M $198MApr 13

1.07 05 Jul 13 0.42% 5.01% 23.53% 10.53% 19.83% 14.93% 12.90% (13.16%)Jun 08 - Oct 08

ALTIS MASTER FUND ICC - GLOBAL FUTURESPORTFOLIO ICZbigniew Hermaszewski, Alex Brunwin, StephenHedgecock, Natasha Reeve-Gray

31 Aug 03 M $26MJun 13

2,224.07 30 Jun13

1.77% 5.16% -10.92% -29.61% 9.64% 8.46% 22.00% (37.30%)Dec 10 - Dec 12

ASPECT DIVERSIFIED FUND - CLASS AAnthony Todd

30 Nov 98 W $1'475MJun 13

314.40 10 Jul 13 (0.22%) (1.10%) -10.66% 4.51% 15.36% 8.15% 16.19% (21.47%)Feb 04 - Jan 05

BEACH HORIZON FUND LTDDavid Beach, Sanjeev Lakhanpal, Paul Netherwood

30 Apr 05 M $64MApr 13

195.83 30 Jun13

(1.42%) (3.08%) -19.51% -1.14% 8.65% 8.57% 18.54% (27.49%)Apr 11 - Mar 13

BLUETREND FUND, LTD - CLASS AMichael Platt & Leda Braga

31 Mar 04 M $11'700MMay 13

275.80 30 Jun13

(9.46%) (10.42%) 0.02% 0.32% 15.98% 11.59% 14.42% (17.85%)Apr 11 - Jun 13



InceptionDates

Liquidity AssetSize

Last NAV orIndex



0.54%

BORONIA DIVERSIFIED FUND MASTERRichard Grinham and Angus Grinham

31 Aug 93 M $892MJun 13

1,735.80 09 Jul 13 0.00% 7.38% -4.19% -8.75% 9.44% 9.36% 11.74% (14.56%)Feb 08 - Apr 12

CAMPBELL GLOBAL ASSETS FUND LTD Class ACampbell & Company

31 Jan 98 M $2'600MJun 13

3,927.56 05 Jul 13 2.00% 13.24% 4.52% -2.92% 14% 9.27% 13.41% (21.17%)Jun 07 - Jan 10

CAMPBELL GLOBAL ASSETS FUND LTD Class BCampbell & Company

30 Jun 02 M $304MJun 13

3,302.90 05 Jul 13 1.70% 12.95% 1.84% 1.83% 20.3% 7.18% 11.73% (22.92%)Jun 07 - Aug 07

CCP QUANTITATIVE FUND US$ ARISTARCHUS SH.Ewan Kirk, Erich Schlaikjer, Cantab Capital

28 Feb 07 M $1'301MJun 13

1,672.73 05 Jul 13 1.94% (17.32%) 15.32% 12.84% 2.48% 8.69% 15.64% (21.42%)Apr 13 - Jun 13

CONQUEST MACRO FUND, LTD (COMP)Marc Malek

30 Apr 99 M $258MNov 12

1,915.47 10 Jul 13 2.80% (9.59%) -33.16% -5.67% 4.92% 4.68% 19.67% (56.21%)Jul 09 - Mar 13

CRABEL FUND SPC LTD CLASS AToby Crabel

28 Feb 98 M $374MJul 13

5,813.98 05 Jul 13 1.30% 10.43% 15.53% -1.93% 8.33% 12.14% 16.33% (16.71%)Oct 98 - Jun 99

DB PLATINUM IV DBX SYSTEMATIC ALPHA INDEXFUND - CLASS I1CUDB Platinum Advisors

30 Jun 10 W $1'622MOct 12

110.30 03 Jul 13 (0.44%) 1.64% -3.96% 4.85% 7.76% 3.31% 7.64% (7.03%)Jan 12 - Oct 12

DISCUS FEEDER LTD CL. B USD STANDARDLEVERAGETeam managed

31 Dec 90 M $609MJun 13

1,094.18 05 Jul 13 1.79% (2.63%) -13.88% 21.95% -6.67% 11.47% 15.79% (34.56%)Jun 94 - Oct 95

EAGLE GLOBAL FUNDMenachem Sternberg

30 Sep 95 M $230MJun 13

987,049.57 05 Jul 13 0.32% (5.89%) 8.1% 8.82% 17.68% 13.75% 23.43% (32.13%)Oct 03 - Sep 04

FORT GLOBAL CONTRARIANYves Balcer, Sajiv Kumar

30 Sep 02 D $444MJul 13

3,598.85 05 Jul 13 0.63% (3.87%) 2.83% 28.7% 27.86% 12.63% 12.09% (17.42%)Mar 08 - Oct 08

FORT GLOBAL DIVERSIFIEDYves Balcer, Sajiv Kumar

30 Sep 93 D $170MJul 13

2,112.14 05 Jul 13 0.07% (7.22%) 7.12% 39.95% 34.46% 16.68% 19.59% (26.55%)May 99 - Sep 00

GRAHAM GIF II PROPRIETARY MATRIX SP SIES AKenneth G. Tropin

30 Jun 99 M $1'042MJun 13

308.66 09 Jul 13 1.69% 6.17% -0.07% -9.85% 10.56% 8.36% 12.01% (17.90%)Apr 11 - Nov 12

GRAHAM GLOBAL INVESTMENT FUND II - K4D-10VKenneth G. Tropin

31 Jan 95 M $2'696MMay 13

342.93 09 Jul 13 1.27% 2.21% -4.91% -13.12% 0.77% 6.91% 12.36% (20.70%)Apr 11 - Nov 12

GRAHAM GLOBAL INVESTMENT FUND II - K4D-15V -COMPOSITEKenneth G. Tropin

31 Dec 00 M $2'696MMay 13

199.99 09 Jul 13 1.91% 3.19% -7.15% -18.64% 4.52% 9.87% 19.58% (29.84%)Feb 04 - Apr 05

HIGHBRIDGE QUANTITATIVE COMMODITIES FUNDCLASS ASassan Alizadeh

30 Sep 09 M $824MDec 12

972.53 31 May13

(4.51%) (11.79%) -17.36% -4.27% 31.32% (0.76%) 20.54% (42.15%)Apr 11 - May 13

HIGHBRIDGE QUANTITATIVE COMMODITIES FUNDCLASS BSassan Alizadeh

31 Jul 11 M $914MOct 12

622.86 31 May13

(4.51%) (11.87%) -17.57% -14.26% (22.74%) 16.08% (38.03%)Aug 11 - May 13



InceptionDates

Liquidity AssetSize

Last NAV orIndex



0.54%

KEYNES LEVERAGED QUANTITATIVE STRATEGIESFUND CLASS - B -COMPOSITESushil Wadhwani,

31 Dec 04 M $153MDec 12

107.43 05 Jul 13 1.99% (0.49%) 6.54% -5.89% 6.47% 7.76% 12.20% (12.83%)Apr 06 - Sep 06

LYNX (BERMUDA) LTDJonas Bengtsson, Svante Bergstrom, Martin Sandquist

30 Apr 00 M $1'616MApr 13

442.09 09 Jul 13 3.37% 3.20% -6.71% -2.25% 19.17% 11.92% 14.41% (12.54%)Sep 11 - Jun 13

RENAISSANCE INSTITUTIONAL DIVERSIFIED ALPHAFUND INTL. L.P.,AMark Giordano

28 Feb 12 M $1'845MMay 13

98.62 05 Jul 13 0.63% (0.13%) -1.26% (1.03%) 8.42% (8.17%)Mar 13 - Jun 13

RENAISSANCE INSTITUTIONAL FUTURES FUND LPRobert Lourie

30 Sep 07 M $709MApr 13

109.63 05 Jul 13 1.30% (5.82%) -3.17% 1.84% 22.61% 1.61% 11.48% (22.27%)Jun 08 - Jun 09

SOLAISE SYSTEMATIC FUND LTD ( S Class)Ali Nejjar

31 May 11 M $60MJun 13

92.50 05 Jul 13 0.84% (2.52%) -0.15% -4.97% (3.65%) 12.35% (12.64%)Aug 11 - Jun 12

TEWKSBURY INVESTMENT FUND, LTD - BMatthew Tewksbury

31 Dec 90 M $2'856MMay 13

16,650.54 05 Jul 13 0.30% 7.22% 3.53% 4.55% 10.47% 13.30% 4.70% (7.75%)Jun 07 - Aug 07

TRADELINK INTEGRATED PROGRAM LTDWalt Weissman and Blair Wellensiek

31 Dec 93 M $53MMay 13

2,364.42 05 Jul 13 0.10% 7.62% -6.33% -21.27% 16.01% 17.59% 22.94% (36.53%)May 03 - Jan 05

TUDOR TENSOR FUND LIMITED CLASS ISteve Evans

31 Aug 05 M $283 MMar 13

1,459.46 05 Jul 13 0.01% (2.19%) -2.17% -10.31% 6.19% 4.93% 11.73% (17.59%)Feb 11 - Nov 12

TULIP TREND FUND, LTD - AProgressive Capital Partners Ltd

31 Mar 03 M $525MJun 13

3,782.51 05 Jul 13 4.19% 2.78% 4.89% -20.93% 38.39% 13.83% 25.93% (34.25%)Feb 09 - Jan 10

TWO SIGMA COMPASS CAYMAN FUNDTwo Sigma Investments, LLC

31 Jul 09 M $519MApr 13

1,802.11 30 Jun13

5.72% 14.52% 4.23% 2.33% 26.02% 16.21% 8.57% (9.85%)Apr 11 - Sep 11

WINTON EVOLUTION FUND (THE)David Harding

31 Aug 05 M $30MJun 13

1,422.85 10 Jul 13 1.57% 8.17% -8.31% 3.83% 15.12% 4.59% 10.48% (14.61%)Jun 08 - Jul 09

WINTON FUTURES FUND - CLASS BDavid Harding

30 Sep 97 M $9'692MJun 13

865.36 10 Jul 13 0.89% 5.44% -3.56% 6.29% 14.48% 14.65% 17.24% (25.08%)Oct 01 - Feb 02



InceptionDates

Liquidity AssetSize

Last NAV orIndex


DiscretionaryYtd Avg. 2013 6.26%

Discretionary/AsiaYtd Avg. 2013

(1.47%)

AMAZON MARKET NEUTRAL FUND CLASS A USDPhilip King

31 Aug 05 M $366MMay 13

348.83 05 Jul 13 0.95% (1.47%) 1.85% 11.56% 21.8% 17.25% 12.28% (20.20%)Jun 08 - Dec 08

Discretionary/EuropeYtd Avg. 2013

0.69%

EXANE MICROMEGAS FUND LTD- CLASS A - CAPJerome Poirel

30 Jun 06 W €71MJun 13

14,613.70 09 Jul 13 (0.41%) 0.69% -5.74% 1.38% 4.62% 3.53% 5.45% (7.68%)Feb 12 - Dec 12

Discretionary/GlobalYtd Avg. 2013

6.36%

BLACK DIAMOND RELATIVE VALUE LTD -C-ShsClint Carlson

31 Jul 99 Q $619MJun 13

320.33 05 Jul 13 0.13% 2.33% 9.48% -3.25% 1.48% 8.71% 5.46% (8.09%)Mar 11 - Sep 11

MARSHALL WACE - MW MARKET NEUTRAL TOPS AUSDAnthony Clake.

31 Oct 07 M $493MMay 13

129.92 09 Jul 13 0.59% 11.27% 15.02% 3.18% -0.21% 4.70% 6.69% (15.98%)Jun 08 - Nov 08

MLIS - MARSHALL W. TOPS UCITS FUND (MKT NTRL)Marshall Wace LLP

31 Dec 07 W $345MJun 13

118.54 09 Jul 13 0.30% 5.48% 6.07% 3.46% 0.3% 3.13% 4.72% (11.63%)Jun 08 - Oct 08

Discretionary/JapanYtd Avg. 2013

13.66%

DB EQUILIBRIA JAPAN FUNDJames Pulsford, Sara Gardiner-Hill

30 Apr 02 M $153MMay 13

235.88 05 Jul 13 0.26% 8.75% -3.55% -0.13% 5.58% 7.97% 4.58% (7.20%)Jul 11 - Dec 12

DB EQUILIBRIA JAPAN FUND LTD 2X (USD)James Pulsford, Sara Gardiner-Hill

30 Apr 09 M $340MMay 13

146.58 05 Jul 13 0.54% 18.58% -6.6% -0.5% 10.87% 9.57% 8.59% (13.42%)Jul 11 - Dec 12

Discretionary/UKYtd Avg. 2013

5.38%

ABSOLUTE INSIGHT UK EQUITY MKT NEUTRALFUND-CLASS B2P GBPAndrew Cawker, Iain Brown, Richard Howarth

31 May 08 D €684MJan 13

1.21 10 Jul 13 0.42% 2.97% 3.49% 2.3% 1.9% 3.48% 1.37% (0.58%)Feb 12 - May 12

CAZENOVE UK ABSOLUTE TARGET FUND - P2 GBPSteven Cordell

30 Jun 08 D £247MDec 12

122.67 10 Jul 13 0.96% 7.78% 4.08% 11.24% -7.62% 4.14% 5.52% (9.96%)Sep 09 - Dec 10

Equity DiversifiedYtd Avg. 2013 8.31%

Equity Diversified/AsiaYtd Avg. 2013

7.46%

MACQUARIE ASIAN ALPHA FUNDNick Bird

30 Sep 05 M $1'640MJun 13

1,834.40 05 Jul 13 0.10% 8.37% 4.41% 9.11% 10.29% 10.42% 6.39% (14.05%)Oct 07 - Apr 09



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Equity Diversified/AsiaYtd Avg. 2013

7.46%

PAN ASIA OPPORTUNITIES FUND LTD CLASS BJeff Shen, Ryan Kim, Ryan LaFond, Jan Bratteberg

31 Jul 10 M $1'151MJul 13

126.17 05 Jul 13 (0.42%) 6.56% 2.92% 9.6% 4.96% 8.25% 5.21% (3.62%)Jul 11 - Oct 11

Equity Diversified/EuropeYtd Avg. 2013

8.72%

BLACKROCK EUROPEAN DIVERSIFIED EQUITY A.R.F- SHARE CLASS DRobert Fisher/Simon Weinberger

30 Sep 10 D €153MNov 12

112.75 10 Jul 13 1.83% 7.38% -0.35% -4.05% 6.52% 3.27% 5.31% (13.12%)Mar 11 - May 12

GAM TALENTUM ENHANCED EUROPE LONG/SHORT -A -Gianmarco Mondani / Roberto Cantaluppi / PaoloLonginotti

30 Nov 04 M €227MMay 13

248.31 05 Jul 13 1.62% 13.12% 16.61% 2.95% 18.43% 11.16% 9.07% (25.03%)Jun 08 - Apr 09

GLG EUROPEAN EQUITY ALTERNATIVE FUND UCITSAR CL IPierre Lagrange, Simon Savage, Darren Hodges

30 Jun 11 D $1'124MApr 13

114.29 09 Jul 13 0.65% 5.65% 6.19% 1.87% 6.81% 4.35% (3.45%)Apr 12 - Aug 12

Equity Diversified/GlobalYtd Avg. 2013

8.78%

TWO SIGMA ABSOLUTE RETURN FUND LTDTwo Sigma Advisers, LLC

31 Oct 11 M $743MMay 13

1,145.56 30 Jun13

2.41% 8.78% 4.03% 1.23% 8.50% 4.95% (3.27%)Aug 12 - Oct 12


Multi-Strategy/AsiaYtd Avg. 2013

4.41%

LIM ASIA MULTI-STRATEGY FUND CLASS AGeorge W. Long

31 Dec 95 Q $1'259MMay 13

36.91 05 Jul 13 0.44% 4.41% 3.57% -0.23% 8.6% 7.74% 5.83% (15.79%)Feb 08 - Nov 08


3.45%

HUDSON BAY INTERNATIONAL FUND LTDHudson Bay Capital Management LP

31 May 06 Q $1'050MMay 13

226.74 03 Jul 13 (0.16%) 3.45% 11.37% 4.31% 8.44% 12.23% 5.14% (3.92%)Nov 07 - Dec 07

Statistical ArbitrageYtd Avg. 2013 2.77%

Statistical Arbitrage/GlobalYtd Avg. 2013

2.77%

A.R.T. INTERNATIONAL INVESTOR (BVI) LtdAaron Sosnick

28 Feb 07 Q $914MJun 13

216.62 03 Jul 13 0.21% 4.86% 5.67% 7.88% 6.75% 12.95% 8.26% (10.48%)Jul 07 - Aug 07

BLUEMATRIX FUND CLASS -A- USDFrank Fehle, Systematic Team

31 Oct 07 M $774MMay 13

140.75 30 Jun13

2.76% 7.00% -2.49% -1.42% 6.45% 6.22% 6.82% (9.96%)Apr 11 - Sep 11



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Statistical Arbitrage/GlobalYtd Avg. 2013

2.77%

CAMPBELL GLOBAL ASSETS FUND LTD Class DCampbell & Company

31 Dec 00 M $186MJun 13

1,129.51 05 Jul 13 (1.60%) (3.28%) -10.1% 18.36% 17.47% 8.81% 10.41% (22.98%)Feb 06 - Aug 07

GSA CAPITAL INTERNATIONAL FUND, LTD - CLASS AJonathan Hiscock

28 Feb 05 Q $1'430MJun 13

222.88 05 Jul 13 0.40% 7.05% 3.64% 15.2% 12.08% 10.07% 4.53% (11.91%)Jun 08 - Sep 08

HIGHBRIDGE STATISTICAL OPP. LTD – CLASS APeter Beebee, Jerome Benveniste, Evan Dick, AlainSunier

31 Oct 06 M $729MJan 13

1,284.34 30 Jun13

1.65% (1.77%) 5.2% 3.1% -2.39% 3.82% 10.18% (21.48%)Jun 07 - Aug 07

SystematicYtd Avg. 2013 4.38%

Systematic/EuropeYtd Avg. 2013

12.62%

BLACKROCK EOS CLASS B USD COMPOSITERobert Fisher

28 Feb 02 M $192MJul 13

1,357.63 10 Jul 13 1.58% 12.62% 3.49% -3.11% 13.64% 9.78% 8.72% (14.33%)Jul 07 - Jan 08


1.63%

BLACKROCK 32 CAPITAL MASTER FUND SPC, LTD(THE) - A/1Raffaele Savi and Ken Kroner

31 Jul 02 Y / M $975MJun 13

2,020.85 05 Jul 13 1.37% 2.67% 9.41% 24.92% 20.38% 6.64% 7.31% (25.15%)Jun 08 - Sep 09

BRYN MAWR OFFSHORE LTDKenneth B. Gray, Jr. & Stephen L. Walsh

31 Dec 95 Q $117MJun 13

4,942.11 05 Jul 13 (0.24%) 0.99% 6.61% 0.56% 5.96% 9.55% 4.06% (4.11%)Oct 99 - Dec 99

ROSEMONT OFFSHORE FUND LTD CLASS -A-SERIES 1Kenneth B. Gray, Jr. & Stephen L. Walsh

30 Apr 06 Q $266MJun 13

1,899.23 30 Jun13

0.45% 1.23% 6.58% 0.49% 5.96% 9.35% 4.67% (3.63%)Aug 08 - Nov 08



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Merger-ArbitrageYtd Avg. 2013 5.95%

Merger-Arbitrage/GlobalYtd Avg. 2013

7.07%

AETOS CORPORATION - CLASS AJason Dahl, Jonathan Spitzer

31 Dec 85 M $96MMay 13

25,854.02 05 Jul 13 0.13% 0.21% 1.25% 4.33% 6.57% 8.86% 11.43% (34.97%)Aug 87 - Oct 87

LION FUND, LTD (THE)Nick Walker

31 Jan 96 M $225MMar 13

41.66 31 May13

4.33% 5.02% 2.36% 4.6% 5.9% 8.48% 9.39% (34.07%)Oct 07 - Feb 09

PAULSON ENHANCED LTDJohn Paulson

30 Apr 01 S $2'200MFeb 13

959.89 30 Jun13

(1.24%) 15.63% 19.6% -21.55% 26.08% 20.41% 16.13% (30.43%)Apr 11 - Sep 11

PAULSON INTERNATIONAL, LTDJohn Paulson

30 Apr 96 M $1'495MFeb 13

833.49 30 Jun13

(0.65%) 7.43% 9.07% -10.17% 12.57% 12.59% 7.95% (15.52%)May 11 - Sep 11

Merger-Arbitrage/USAYtd Avg. 2013

1.46%

GABELLI ASSOCIATES LIMITED - CLASS AMario Gabelli

31 Aug 89 M $119MDec 12

591.09 05 Jul 13 0.15% 1.46% 2.55% 3.03% 6.22% 7.73% 3.28% (6.65%)Oct 07 - Oct 08



InceptionDates

Liquidity AssetSize

Last NAV orIndex


CreditYtd Avg. 2013 7.78%

Credit/EuropeYtd Avg. 2013

7.78%

LNG EUROPA CREDIT FUNDLNG Capital LLP

31 Mar 11 M $53MMay 13

1,180.48 30 Jun13

(2.20%) 7.78% 19.58% -7.79% 7.96% 10.04% (10.12%)Apr 11 - May 12

DiversifiedYtd Avg. 2013 4.79%

Diversified/AsiaYtd Avg. 2013

3.67%

SEGANTII ASIA-PACIFIC EQUITY MULTI-STRATEGYFUNDSimon Sadler & Kurt Ersoy

30 Nov 07 M $736MMay 13

227.99 05 Jul 13 (0.11%) 3.67% 4.81% 40.75% 1.72% 15.85% 7.71% (5.20%)Aug 10 - Sep 10


1.00%

CONTRARIAN EMERGING MARKETS OFF FUND LTDXiao Song

31 Dec 05 Q $276MApr 13

284.30 31 May13

1.71% 2.98% 23.2% -7.16% 33.16% 15.12% 14.19% (28.43%)Feb 08 - Oct 08

SPINNAKER GLOBAL EMERGING MARKETS FUND,LTDBradley Wickens

30 Jun 99 Q $1'347MMay 13

1,917.85 30 Jun13

(3.09%) (0.97%) 20.69% -9.31% 12.56% 23.47% 11.79% (33.11%)May 08 - Feb 09


4.90%

AHL DIMENSION USD SHARES CLASS BTim Wong, Nick Granger

30 Jun 06 M $50MMar 13

1.43 05 Jul 13 0.63% 1.99% 3.02% -5.83% 16.72% 5.20% 9.58% (10.62%)Dec 08 - Jan 10

ALLBLUE LIMITEDMichael Platt

31 Aug 05 M $8'293MApr 13

191.26 30 Jun13

(2.16%) (0.65%) 5.96% 1.87% 8.06% 8.63% 4.81% (4.51%)Jun 07 - Aug 07

ARROWGRASS MASTER FUNDNick Niell , Henry Kenner

31 Jan 08 Q €2'980MMay 13

156.39 05 Jul 13 0.20% 5.37% 5.6% 0.12% 4.22% 8.58% 4.21% (3.99%)Apr 11 - Sep 11

BLACK DIAMOND, LTD - CLASS B (UNRESTRICTED)Clint D. Carlson

31 Dec 95 Q $99MJun 13

326.10 05 Jul 13 (0.36%) 2.28% 10.27% -0.69% 5.66% 6.98% 4.08% (18.58%)Aug 08 - Dec 08

BLACKROCK MULTI-STRATEGY FUND LTD - CLASS AGrace Gu

30 Apr 05 M $1'477MMay 13

1,488.63 31 May13

0.25% 4.08% 7.86% 2.43% 10.2% 5.04% 5.69% (13.96%)Jun 08 - Dec 08

BLACKROCK CAPITAL STRUCTURE INVESTMENTSFUND LTDChad Meuse, Benoy Thomas

31 Dec 08 M $422MMay 13

123.63 31 May13

3.22% 0.63% 3.74% 22.94% 1.18% 4.92% 7.91% (7.83%)Mar 09 - Apr 09

BLUECREST CAPL INTL LTD A USDMichael Platt

30 Nov 00 Q $12'500MMay 13

429.33 30 Jun13

(2.34%) (2.41%) 5.82% 6.1% 12.82% 12.27% 5.62% (4.83%)May 03 - Aug 03



InceptionDates

Liquidity AssetSize

Last NAV orIndex



4.90%

BOUSSARD & GAVAUDAN HOLDING., LTD ordinarysharesEmmanuel Gavaudan

31 Jan 07 D €567MJun 13

15.32 09 Jul 13 0.66% 4.11% 9.45% -2.59% 11.49% 5.51% 7.13% (20.69%)May 07 - Sep 08

BREVAN HOWARD M/S FUND, LTD – CL. A/USDAlan Howard

29 Feb 08 M $4'783MMay 13

129.92 30 Jun13

(1.10%) 1.72% 4.61% 5.2% 2.12% 5.03% 4.75% (6.29%)Feb 08 - Sep 08

BRUMMER MULTISTRATEGY 2XL, LTD - C -Klaus Jäntti, Patrik Brummer

30 Apr 09 M $434MNov 12

1,268.11 30 Jun13

(3.20%) 2.59% 3.55% 1.02% 5.05% 5.86% 6.75% (6.56%)Apr 11 - Nov 11

BTG PACTUAL GLOBAL EQUITY OPPORTUNITIES FD-B-NNIBTG Pactual Global Asset Management

29 Feb 12 Q $338MMay 13

114.47 28 Jun13

(0.10%) 5.62% 7.42% 9.96% 2.95% (1.50%)Aug 12 - Oct 12

CQS DIRECTIONAL OPP. FEEDER FUND. Ltd – A NIUSDMichael Hintze

31 Jul 05 Q $2'035MMay 13

4,180.56 30 Jun13

(2.04%) 4.21% 35.87% -10.42% 31.45% 19.79% 14.42% (24.58%)Apr 11 - Sep 11

CQS DIVERSIFIED FUND (SPC) LTD ALPHA CLASS BUSDJames Peattie & Peter Warren

28 Feb 07 Q $975MMay 13

1,625.17 30 Jun13

(0.85%) 2.55% 11.4% -3.45% 14.62% 7.96% 7.09% (14.78%)Jun 08 - Dec 08

DOUBLE BLACK DIAMOND LTD - SERIES A(UNRESTRICTED)Clint Carlson

31 Mar 98 Q $2'796 MFeb 13

416.91 05 Jul 13 (0.28%) 3.08% 12.04% -1.07% 9.39% 9.80% 5.38% (17.93%)Aug 08 - Dec 08

GLG MARKET NEUTRAL FUND - CLASS Z USDUNRESTRICTEDSteve Roth

31 Dec 97 M $903MMar 13

879.89 05 Jul 13 0.13% 3.98% 18.4% 0.78% 33.6% 15.04% 15.01% (54.03%)Nov 07 - Dec 08

HALCYON PARTNERS OFFSHORE FUND LTDJohn M. Bader

31 May 04 Q $2'600MDec 12

180.29 30 Jun13

(1.40%) 5.37% 11.24% -5.91% 8.81% 6.70% 5.65% (15.01%)Oct 07 - Dec 08

HIGHBRIDGE CAPITAL CORPORATION CLASS-A-Series N (Composite)Mark Vanacore

31 Aug 92 Q / Y $4'500MJun 13

86,238.55 30 Jun13

0.53% 3.63% 9.78% -5.11% 3.98% 10.89% 7.13% (30.04%)Jun 08 - Nov 08

HUTCHIN HILL CAPITAL OFFSHORE FUND LTDNeil Chriss

30 Jun 08 Q $955MMay 13

1,645.36 05 Jul 13 0.08% 10.30% 11.06% -4.92% 6.91% 10.44% 6.66% (7.63%)Apr 11 - Feb 12

JABCAP GLOBAL BALANCED FUND LTD CLASS D/1 NIPhilippe Jabre

30 Apr 07 W $407MJun 13

174.54 30 Jun13

(6.74%) 13.10% 15.5% -27.33% 3.57% 9.44% 14.99% (35.04%)Apr 10 - Jun 12

JABCAP MULTI STRATEGY FUND LTD CLASS D/1 NIPhilippe Jabre

31 Jan 07 M $499MJun 13

138.36 30 Jun13

(3.62%) 22.04% 11.8% -25.65% 6.5% 5.19% 18.12% (40.20%)Feb 08 - Jan 09

LINDEN INTERNATIONAL LTDJoe Wong

31 May 03 Q $1'180MJan 13

286.37 31 May13

1.28% 8.01% 4.15% -7.84% 24.01% 11.08% 9.77% (24.60%)Feb 08 - Dec 08

LMR GLOBAL OPPORTUNITIES FUND LTD CLASS -A-NI SERIES 1Ben Levine, Stefan Renold, Andrew Manuel

31 Mar 12 M $119MApr 13

115.23 05 Jul 13 (0.50%) 7.30% 7.39% 11.87% 4.52% (1.15%)Nov 12 - Dec 12



InceptionDates

Liquidity AssetSize

Last NAV orIndex



4.90%

MAN GLG MULTI-STRATEGY FUND CLASS GLuke Ellis and David Kingsley

31 Dec 02 M $208MApr 13

105.64 05 Jul 13 0.25% 5.23% 5.39% -3.59% 13.38% 5.25% 7.57% (30.54%)Oct 07 - Dec 08

MILLENNIUM INTL LTDIsrael A Englander

31 Dec 89 Q $17'820MMay 13

2,444.29 04 Jul 13 0.66% 6.69% 6.32% 8.39% 13.22% 14.54% 4.40% (7.24%)May 98 - Aug 98

PINE RIVER FUND CLASS -B1- SHARESAaron Yeary

31 May 02 Q $2'594MJul 13

3,468.86 05 Jul 13 0.08% 6.91% 21.75% 5.7% 13.87% 11.85% 10.74% (29.16%)Jun 08 - Dec 08

PLATINUM PARTNERS VALUE ARBITRAGE INT. FUNDLTDMark Nordlicht

31 Dec 02 Q $730MMar 13

6,321.78 30 Jun13

1.37% 6.43% 11.91% 19.61% 17.49% 19.19% 4.93% (4.42%)Aug 08 - Oct 08

PORTLAND HILL OVERSEAS FUND LTDPortland Hill Capital LLP

31 May 12 M $110MApr 13

113.61 05 Jul 13 0.02% 5.57% 7.62% 12.34% 3.65% (1.22%)May 13 - Jun 13

QVT OFFSHORE LTD CLASS 1-NRDan Gold

31 Oct 03 Y / Q $2'423MJun 13

2,298.12 30 Jun13

0.80% (0.16%) 14.36% 6.5% 12.16% 8.98% 9.90% (40.35%)Feb 08 - Dec 08

STRATUS FUND LIMITED CLASS BJean-Philippe Bouchaud, Philippe Jordan, Marc Potters,Jacques Sauliere

30 Nov 03 M $4'775MJun 13

2,066.77 05 Jul 13 0.84% 1.69% -2.89% 15.63% 1.56% 7.85% 5.79% (8.14%)Jun 07 - Sep 07

TWO SIGMA HORIZON CAYMAN LTDTwo Sigma Investments, LLC

30 Apr 08 Q $329MApr 13

1,292.96 30 Jun13

0.37% 1.15% 9.29% -13.97% 17.76% 5.09% 9.53% (17.85%)May 11 - Nov 11

VISIUM GLOBAL OFFSHORE FUND LTDJacob Gottlieb

31 Mar 09 M $592MMay 13

285.44 05 Jul 13 0.27% 7.46% 19.52% 1.75% 20.05% 27.87% 10.86% (7.80%)Apr 10 - Jun 10

WEISS MULTI-STRATEGY PARTNERS LLCWeiss Multi-Strategy Advisers,LLC

30 Sep 06 Q $199MJun 13

169.20 30 Jun13

1.17% 6.99% 1.75% -0.15% 4.98% 8.10% 6.89% (17.75%)Jun 08 - Dec 08

Diversified/JapanYtd Avg. 2013

9.76%

LIM JAPAN FUNDGeorge Long

31 Oct 04 Q $239MMay 13

195.88 05 Jul 13 0.68% 9.76% 5.62% 2.73% 14.28% 8.05% 6.00% (10.09%)Jun 08 - Feb 09



InceptionDates

Liquidity AssetSize

Last NAV orIndex


ArbitrageYtd Avg. 2013 0.35%

Arbitrage/GlobalYtd Avg. 2013

0.35%

BLUEMOUNTAIN EQUITY ALTERNATIVES FUNDBlueMountain Capital Management

28 Feb 06 Q $617MMay 13

2,181.29 05 Jul 13 0.90% 5.64% 12.24% 7.67% 2.67% 11.19% 6.97% (9.57%)Sep 08 - Feb 09

CASSIOPEIA FUND CLASS CPierre de Saab & Alain Dos Santos

31 Jul 04 M $698MMay 13

230.33 05 Jul 13 0.58% 0.64% 24.85% 6.52% 11.98% 12.90% 10.06% (15.42%)Mar 10 - Jun 10

PIMCO MULTI-ASSET VOLATILITY FUND LTDJosh Thimons, Josh Davis, Matt Dorsten

31 Jul 11 M $922MMay 13

129.36 31 May13

(1.36%) (5.23%) 13.41% 20.36% 15.06% 8.37% (6.36%)Oct 12 - May 13



This document has been prepared by HSBC Private Bank (Suisse) SA on behalf of HSBC Private Bank entities for information purposes only. It may not be distributed to the United States,Canada Australia or any other country in which its distribution is unlawful. Any person coming into possession of this publication shall therefore be obliged to find out about anyrestrictions that may apply and to comply with them. In accepting receipt of this document, you represent and warrant that you have not been solicited, directly or indirectly, by HSBCPrivate Bank (Suisse) SA and are receiving this information at your own request. It is your responsibility to inform yourself of and to observe all applicable laws and regulations ofany relevant jurisdiction.

Actions derived from this information are always at the investors’ own risk. The document is for information purposes only and not an official confirmation of terms. If you requireadditional investment advice or wish to discuss the suitability of the present material, you should contact your Relationship Manager or you should seek such financial, legal or taxadvice from your professional advisers as appropriate. Any decision to enter into an action should be based on your own independent investigation of the action and appraisal of therisks, benefits and suitability of such action in light of your individual circumstances.

HSBC Private Bank (Suisse) SA has based this document on information obtained from sources or third party materials it believes to be reliable but which it has not independentlyverified. HSBC Private Bank (Suisse) SA and the HSBC Group make no guarantees, representations or warranties and accept no responsibility or liability whatsoever as to its accuracy orcompleteness. Expressions of opinion herein are subject to change without notice.

Please note derivative instruments may involve an extremely high degree of financial risk. These risks include the risk that a small movement in the price of an underlying security orbenchmark may result in disproportionately large movement; unfavourable or favourable in the price of the derivative instrument; the risk of default by counterparty; and the risk thattransactions may not be liquid. Investments in derivatives may lead to losses exceeding the principal invested by very large amounts.

Investments in emerging markets, foreign exchange and precious metals may be extremely volatile and subject to sudden fluctuations of varying magnitude due to a wide range of directand indirect influences. Such characteristics can lead to considerable losses being incurred by those exposed to such markets may lead to losses exceeding the principal invested.

Products in this document may not meet the criteria of a collective investment scheme as per the Swiss Federal Act on Collective Investment Schemes (CISA) and consequently are notsubject to the authorization or supervision by the Swiss Financial Market Supervisory Authority (FINMA). Products and services mentioned in this document are not intended for publicoffering in Switzerland. Consequently, this document can be distributed in/from Switzerland only to qualified investors according to CISA.

Investments in alternative investments may involve substantial risks, such as the risk to lose part or all of the investment, the absence of a regular market and illiquidity. Thereforethe investor should consult the Risk Warning Section of the prospectus/offering memorandum or any other appropriate risk disclosure document before the investment which can berequested free of charge from HSBC Private Bank (Suisse) SA.

Please note private equity investments are generally illiquid, long term investments that do not display the liquid or transparency characteristics often found in other investments(e.g. listed securities). It can take considerable time for money to be invested (cash drag) and for investments to produce returns (if at all) after initial losses.

Past performance is never a guide to future performance. Certain assumptions may have been made for modelling purposes to simplify the presentation and/or calculation of anyprojections or estimates contained herein and HSBC Private Bank (Suisse) SA does not represent that any such assumptions will reflect actual future events or that all assumptions havebeen considered or stated. Accordingly, there can be no assurance that estimated numbers or projections will be realized.

The value of any investment or income may go down as well as up and you may not receive back the full amount invested. When an investment is denominated in a currency other than yourlocal or reporting currency, changes in exchange rates may have an adverse effect on the value, price or income of that investment. In the case of investments for which there is norecognised market, it may be difficult for investors to sell their investments or to obtain reliable information about their value or the extent of the risk to which they are exposed.

Because accounts are individually managed with different client preferences and cash flows, account performance within the program may vary. When comparing the performanceto an index, it should be understood that managed accounts do not necessarily hold the same securities as the index, and the index may not reflect the portfolio characteristicsand asset allocation of the accounts managed by the manager. Investors cannot directly invest in an index. Additionally, an index does not actually purchase and sell securitiesand its additions and deletions are “frictionless”, meaning that no transaction costs are incurred. Managers buy and sell securities incurring transaction costs that reduceperformance returns.

Members of the HSBC Group and/or their officers, directors and employees may have positions in any securities mentioned in this document (or any related investment) and may from timeto time add to or dispose of any such securities (or investment) or may be engaged in offsetting positions. Members of the HSBC Group may act as market maker or have assumed anunderwriting commitment in the securities of companies discussed in this document (or related investments), may sell them to or buy them from customers on a principal basis and mayalso perform or seek to perform investment banking or underwriting services for or relating to those companies.

HSBC Private Bank is the principal private banking business of the HSBC Group. Private banking may be carried out internationally by different HSBC legal entities according to localregulatory requirements. Different companies may provide the services listed in this document within HSBC Private Bank or by other members of the HSBC Group. Some services are notavailable from certain locations. Some of the HSBC Group offices listed herein may only act as representatives of HSBC Private Bank, and are therefore not permitted to sell productsand services, or offer advice to customers. They serve as points of contact only. Further details are available on request.

© Copyright. HSBC Private Bank (Suisse) SA 2013 ALL RIGHTS RESERVED

No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying,recording or otherwise, without the prior written permission of HSBC Private Bank (Suisse) SA. PBRS/04/13/21

HSBC Hedge weekly2013 no28

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