hsbc hedge weekly2013 no39

Hedge Weekly N°39Investment Funds Performance Review

HSBC Alternative Investment Group

Week of Monday 23 Sep to Friday 27 Sep 2013

Index by Strategies 3

Index by Funds 4

Top/Bottom 20 9

Newsletter 12

About This Document 52

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

Convertible ArbitrageConvertible 12

Credit Long/ShortCredit 13

DistressedDistressed Security 17

Equity Long/ShortEquity-Commodity 19Equity-Diversified 20Equity-Energy 26Equity-Financial 27Equity-Healthcare 27Equity-Mid-Small Cap 27Equity-Pharma-Biotech 28Equity-Real Estate 28Equity-Technology 28Equity-Utility 29

Event DrivenEquity-Diversified 30Multi-Strategy 30

Fixed Income ArbitrageFixed Income 32

Fund of FundsArbitrage 33Event Driven 33Long/Short 33Macro 33Multi-Strategy 34Trading 34

Long OnlyEquity-Diversified 35

Macro

Commodity 36Commodity-Systematic 36Currency 36Diversified 37Fixed Income 40Systematic 40

Managed FuturesCommodity 41Currency 41Multi-Strategy 41Systematic 43

Market NeutralDiscretionary 44Equity Diversified 45Multi-Strategy 45Statistical Arbitrage 46Systematic 46

Merger ArbitrageMerger-Arbitrage 47

Multi-StrategyCredit 48Diversified 48

Volatility ArbitrageArbitrage 51

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

4

400 CAPITAL CREDIT OPPORTUNITI 16

A

A.R.T. INTERNATIONAL INVESTOR 45

ABSOLUTE INSIGHT CREDIT FUND B 13

ABSOLUTE INSIGHT EMERGING MARK 13

ABSOLUTE INSIGHT UK EQUITY MKT 44

ACUITY CORPORATE OPPORTUNITY F 16

ADELPHI EMERGING EUROPE. FUND 20

ADELPHI EUR. FUND $ (A) 21

ADRIGO HEDGE 21

AETOS CORPORATION - CLASS A 47

AG MORTGAGE VALUE PARTNERS LTD 14

AG SUPER FUND INTERNATIONAL, L 30

AHL DIMENSION USD SHARES CLASS 48

AHL DIVERSIFIED 41

AHL EVOLUTION USD 41

AJIA-LIGHTHORSE CHINA GROWTH F 19

AJR INTERNATIONAL (BVI), INC. 25

ALLBLUE LIMITED 48

ALLIANCE BERNSTEIN SELECT US E 25

ALPHA4X CAPITAL GROWTH FUND 37

ALPHADYNE INVESTMENT STRATEGIE 37

ALPHAGEN HOKUTO FUND LTD - CLA 24

ALPHAGEN OCTANIS CLASS A 25

ALPHAGEN VOLANTIS FUND, LTD - 27

ALTIS MASTER FUND ICC - GLOBAL 41

ALYDAR FUND LTD 25

ALYSHEBA FUND LIMITED 25

AMAZON MARKET NEUTRAL FUND CLA 44

ANAVON MASTER FUND LTD CLASS - 23

ANDURAND COMMODITIES FUND 36

ANTARES EUROPEAN FUND, LTD - U 21

AQUILUS INFLECTION FUND LTD E 21

ARCUS JAPAN FUND -JPY- 24

ARISTEIA INTERNATIONAL LTD 14

ARMAJARO COMMODITIES FUND CLAS 36

ARMAJARO EMERGING MARKETS FUND 20

ARMAJARO STS COMMODITIES FUND 36

ARROWGRASS MASTER FUND 48

ASCEND PARTNERS FUND II LTD - 25

ASGARD FIXED INCOME FUND LTD 14

ASPECT DIVERSIFIED FUND - CLAS 41

AVIVA INVESTOR FIXED INCOME MA 40

AXONIC CREDIT OPPORTUNITIES OV 14

B

BAF LATAM TRADE FINANCE FUND 13

BASSO INVESTORS LTD 12

BAY RESOURCES PARTNERS OFFSHOR 25

BCM WESTON LP 25

BEACH HORIZON FUND LTD 41

BEACH POINT TOTAL RETURN OFFSH 18

BEACONLIGHT OFFSHORE FUND LTD 23

BLACK DIAMOND RELATIVE VALUE L 44

BLACK DIAMOND, LTD - CLASS B ( 48

BLACKROCK EOS CLASS B USD COM 46

BLACKROCK MULTI-STRATEGY FUND 48

BLACKROCK 32 CAPITAL MASTER FU 46

BLACKROCK CAPITAL STRUCTURE IN 48

BLACKROCK EUROPEAN DIVERSIFIED 45

BLACKROCK FIXED INCOME GLOBAL 32

BLACKROCK OBSIDIAN FUND 32

BLACKROCK UK EQUITY HEDGE FUND 25

BLUE SKY JAPAN LTD - CLASS A 24

BLUEBAY CREDIT ALPHA LONG SHOR 14

BLUEBAY EMERGING MARKET FIXED 13

BLUECREST CAPL INTL LTD A USD 49

BLUECREST EMERGING MARKETS FUN 37

BLUECREST MULTI STRATEGY CREDI 14

BLUEMATRIX FUND CLASS -A- USD 45

BLUEMOUNTAIN CREDIT ALTERNATIV 14

BLUEMOUNTAIN EQUITY ALTERNATIV 51

BLUEMOUNTAIN LONG SHORT CREDIT 14

BLUETREND FUND, LTD - CLASS A 41

BNY MELLON ARX BRAZIL FUND SPC 20

BORONIA DIVERSIFIED FUND MASTE 42

BOUSSARD & GAVAUDAN HOLDING., 49

BREVAN HOWARD ASIA FUND LIMITE 37

BREVAN HOWARD COMMODITIES STRA 36

BREVAN HOWARD CREDIT CATALYSTS 14

BREVAN HOWARD CREDIT VALUE FU 14

BREVAN HOWARD EM. MKT STRATEGI 37

BREVAN HOWARD FUND, LTD - USD 38

BREVAN HOWARD INVEST. FUND - E 40

BREVAN HOWARD INVESTMENT FUND 37

BREVAN HOWARD M/S FUND, LTD – 49

BRIGADE LEVERAGED CAPITAL STRU 16

BROOKFIELD GLOBAL LISTED INFRA 23

BROOKFIELD GLOBAL REITS LONG S 28

BRUMMER MULTISTRATEGY 2XL, LTD 49

BRYN MAWR OFFSHORE LTD 46

BTG PACTUAL DISTRESSED MORTGAG 18

BTG PACTUAL GLOBAL EM. MKTS AN 38

BTG PACTUAL GLOBAL EQUITY OPPO 49

C

CAIRN CREDIT FOCUS FUND LTD 13

CAIRN SPECIAL OPPORTUNITIES CR 13

CAIRN SUBORDINATED FINANCIALS 13

CAMPBELL GLOBAL ASSETS FUND LT 42



CANDLEWOOD SPECIAL SITUATIONS 17

CANDLEWOOD STRUCTURED CREDIT F 14

CANDLEWOOD STRUCTURED CREDIT H 14

CANYON BALANCED FUND LTD - CLA 48

CANYON VALUE REALIZATION FD, L 17

CAPEVIEW AZRI 2X FUND 21

CAPEVIEW AZRI FUND 21

CAPITAL FUND, LTD (THE) 38

CAPULA GLOBAL RELATIVE VALUE F 32

CASSIOPEIA FUND CLASS C 51

CASTLEROCK FUND LTD 25

CAXTON GLOBAL INVESTMENT LTD 38

CAZENOVE EURO EQ ABS RETURN FU 21

CAZENOVE UK ABSOLUTE TARGET FU 44

CC ASIA ABSOLUTE RETURN FUND 19

CCI HEALTHCARE PARTNERS LTD 27

CCP QUANTITATIVE FUND US$ ARIS 42

CERBERUS INTL. LTD CLASS A A/ 17

CHENAVARI CORPORATE CREDIT STR 14

CHENAVARI MULTI STRATEGY CREDI 14

CHENAVARI TORO CAPITAL I A 17

CHILTON CHINA OPPORTUNITIES FU 19


CLIVE FUND (The ) Class - A - 36

COBALT OFFSHORE LTD 25

COELI POWER SURGE FUND LTD 41

COMAC GLOBAL MACRO FUND 38

COMMONWEALTH OPPORTUNITY CAYMA 38

CONQUEST MACRO FUND, LTD (COMP 42

CONTRARIAN CAPITAL FUND I OFFS 17

CONTRARIAN EMERGING MARKETS OF 48

CQS ABS FEEDER FUND - CLASS -B 15

CQS ASIA FEEDER FUND LTD- CLAS 12

CQS CONV & QUANT STRATS FEED F 12

CQS CREDIT LONG SHORT FEEDER F 15

CQS DIRECTIONAL OPP. FEEDER FU 49

CQS DIVERSIFIED FUND (SPC) LTD 49

CRABEL FUND SPC LTD CLASS A 42

CUMULUS ENERGY FUND CLASS A US 41

CYGNUS UTILITIES, INFRASTRUCTU 29

D

DAVIDSON KEMPNER DIST. OPP. IN 17

DAVIDSON KEMPNER INTL, LTD - C 30

DB PLATINUM IV DBX SYSTEMATIC 42

DB PLATINUM V HERMES A.R. COMM 36

DIAMOND CAPITAL MANAGEMENT 34

DISCOVERY GLOBAL MACRO FUND LT 38

DISCOVERY GLOBAL OPPORTUNITY F 38

DISCUS FEEDER LTD CL. B USD ST 42

DORSET ENERGY FUND, LTD - CLAS 26

DOUBLE BLACK DIAMOND LTD - SER 49

DOUBLE HAVEN CREDIT OPPORTUNI 13

DUET GLOBAL FUND PLUS 23

DUNN WMA UCITS 19

DYMON ASIA MACRO FUND (SERIES 36

E

EAGLE GLOBAL FUND 42

EAGLE QUANTITATIVE MACRO FUND 40

ECLECTICA FUND (THE) CLASS A E 38

EGERTON EUROPEAN DOLLAR CLASS 23

EGERTON EUROPEAN EQUITY FUND L 21

EIFFEL CREDIT OPPORTUNITIES FU 13

ELEMENT CAPITAL FUND 38

ELLINGTON CREDIT OPPORTUNITIES 15

ELLINGTON MORTGAGE OPPORTUNITI 15

ELM RIDGE CAPITAL PARTNERS L.P 25

EMF FIXED INCOME FUND, LTD 32

EMINENCE FUND LTD A INITIAL S 25

ENNISMORE EUROPEAN SMALLER COM 27

EPISODE INC. CLASS A 38

EQUILIBRIA JAPAN FUND LTD 1X U 44

EQUILIBRIA JAPAN FUND LTD 2X ( 44

EVEREST CAPITAL ASIA 19

EVEREST CAPITAL FRONTIER MARKE 20

EXANE ARCHIMEDES FUND CLASS A 28

EXANE MICROMEGAS FUND LTD- CLA 44

EXANE TEMPLIERS FUND 23

F

FEINGOLD OKEEFFE CAPITAL I OFF 15

FINISTERRE SOVEREIGN DEBT FUND 13

FIREBIRD NEW RUSSIA FUND, LTD 20

FIREBIRD REPUBLICS FUND, LTD 20

FORT GLOBAL CONTRARIAN 42

FORT GLOBAL DIVERSIFIED 42

FORTRESS ASIA MACRO FUND 37

FORTRESS MACRO FUND LTD. CLAS 38

G

GABELLI ASSOCIATES LIMITED - C 47

GAM DIVERSITY I INC - US$ CLAS 34

GAM DIVERSITY II INC - US$ CLA 34

GAM GLOBAL RATES HEDGE FUND 38

GAM TALENTUM ENHANCED EUROPE L 45

GAM TRADING II USD 34

GAMUT INVESTMENTS 38

GAVEA FUND LTD . CLASS A S/1 37

GEMS PROGR. FUND SICAV RECOVER 33

GLADE BROOK GLOBAL OFFSHORE FU 23

GLENVIEW CAPITAL PARTNERS (CAY 25

GLG EUROPEAN EQUITY ALTERNATIV 45

GLG EUROPEAN LONG SHORT FUND C 21

GLG MARKET NEUTRAL FUND - CLAS 49

GRAHAM ABSOLUTE RETURN TRADING 38

GRAHAM GIF II PROPRIETARY MATR 42

GRAHAM GLOBAL INVESTMENT FUND 39



GRAHAM GLOBAL INVESTMENT FUND- 39

GREEN FUND LLC GREEN CLASS 37

GREEN T G2 FUND 15

GREENLIGHT CAPITAL OFFSHORE, L 28

GROWTH MANAGEMENT LTD 20

GRT TOPAZ OFFSHORE PARTNERS, L 28

GSA CAPITAL INTERNATIONAL FUND 46

H

HABROK LTD 21

HALCYON OFF. ASSET-BACKED VALU 18

HALCYON PARTNERS OFFSHORE FUND 49

HARBOUR HOLDINGS LTD 28

HARMONIC ALPHA PLUS MACRO FUN 39

HENDERSON JAPAN ABS RETURN FD, 24

HIGHBRIDGE CAPITAL CORPORATION 49

HIGHBRIDGE LONG/SHORT EQUITY F 25

HIGHBRIDGE QUANTITATIVE COMMOD 42

HIGHBRIDGE QUANTITATIVE COMMOD 42

HIGHBRIDGE STATISTICAL OPP. LT 46

HORSEMAN GLOBAL FUND USD 23

HSBC ASIAN ADVANTEDGE FUND 33

HSBC CREDIT MARKET OPPORTUNITI 33

HSBC GH FUND USD 34

HSBC HEDGE INVESTMENTS FUND 34

HSBC LEVERAGED GH FUND 34

HSBC MAA FUND USD 33

HSBC NEXT GENERATION FUND NNI 34

HSBC SPECIAL OPPORTUNITIES FUN 33

HSBC TRADING ADVANTEDGE FUND 34

HSBC UCITS ADVANTEDGE FUND -US 34

HT ASIAN CATALYST FUND LLC 19

HUDSON BAY INTERNATIONAL FUND 45

HUTCHIN HILL DIVERSIFIED ALPHA 49

I

III FUND LTD 32

III RELATIVE VALUE CREDIT STRA 32


III SELECT CREDIT FUND LTD CLA 15

INVESTCORP SILVERBACK ARBITRAG 12

INVICTA OFFSHORE FUND LTD 25

IP ALL SEASONS ASIAN CREDIT HE 13

IVORY CAPITAL ENHANCED STRATEG 26

IVORY CAPITAL FLAGSHIP STRATEG 26

J

JABCAP EMEA FUND CLASS X1 20

JABCAP GLOBAL BALANCED FUND LT 49

JABCAP GLOBAL CONVERTIBLE FUND 12

JABCAP MULTI STRATEGY FUND LTD 49

JENOP GLOBAL HEALTHCARE FUND L 27

JOHO FUND, LTD-A- 19

JPMORGAN PORT. STRAT. FUNDS-EU 21

JPS CREDIT OPPORTUNITIES FUND 15

K

KALTCHUGA FUND - RUSSIA EQ. SU 20

KAMUNTING STREET OFFSHORE FUND 32

KEYNES LEVERAGED QUANTITATIVE 43

KG INVESTMENT FUND LLC 30

KIMA PAN ASIA OFFSHORE FUND - 19

KINETICS FUND, INC - A/A 26

KING STREET CAPITAL, LTD 17

KING STREET EUROPE LTD CLASS A 17

KINGDON CREDIT LTD A1/1 15

KINSALE COMPASS FUND 23

KLS DIVERSIFIED FUND LTD 32

KROM RIVER COMMODITY FUND 36

L

LANSDOWNE DEVELOPED MARKET FUN 23

LANSDOWNE EURO EQTY FD, LTD - 22

LANSDOWNE GLOBAL FINANCIALS FU 26

LAZARD GLOBAL HEXAGON FUND 23

LAZARD RATHMORE FUND - CLASS A 12

LC CAPITAL OFFSHORE FUND, LTD 17

LIM ASIA MULTI-STRATEGY FUND C 45

LIM JAPAN FUND 50

LINDEN INTERNATIONAL LTD 49

LION FUND, LTD (THE) 47

LIONSCREST TAILPRO -US EQUITY 51

LMR GLOBAL OPPORTUNITIES FUND 50

LNG EUROPA CREDIT FUND 13

LONDON DIVERSIFIED FUND, LTD - 32

LOOMIS SAYLES CREDIT LONG SHOR 15

LUCIDUS CAPITAL G4 FUND 15

LYNX (BERMUDA) LTD 43

M

M. KINGDON OFFSHORE NV - A/1 23

MACQUARIE ASIAN ALPHA FUND 44

MADISON STREET FUND L.P. 26

MAN GLG MULTI-STRATEGY FUND CL 50

MARATHON VERTEX JAPAN FD, LTD 24

MARCATO INTERNATIONAL LTD 30

MARINUS OPPORTUNITIES FUND (PR 16

MARLIN FUND LP 26

MARSHALL WACE - MW CORE A USD 22

MARSHALL WACE - MW EUREKA A1 E 23

MARSHALL WACE - MW EUROPEAN TO 22

MARSHALL WACE - MW GLOBAL FINA 27

MARSHALL WACE - MW GLOBAL OPPO 24

MARSHALL WACE - MW MARKET NEUT 44

MARTIN CURRIE ARF - GLOBAL RES 19

MARTIN CURRIE ARF - JAPAN FUND 24

MARTIN CURRIE EUROPEAN HEDGE F 22

MASTERS FUND LTD MAGNOLIA SERI 33

MAVERICK FUND, LTD - CLASS A/1 24

MBAM ACTIVE LONG SHORT 22

MELLON OFF GLOB OPP FUND LTD - 39

MELLON OFF. ALPHAACCESS FUND L 39

MERCHANT COMMODITY FUND (THE) 36

MIDOCEAN ABSOLUTE RETURN CREDI 16

MIDOCEAN CREDIT OPPORTUNITY FU 16

MILLENNIUM INTL LTD 50

MKP PARTNERS OFFSHORE LTD 32

MKP CREDIT OFFSHORE FUND 16

MKP OPPORTUNITY OFFSHORE, LTD 39

MLIS - CCI HEALTHCARE LONG SHO 27

MLIS - GRAHAM CAPITAL SYSTEMAT 43

MLIS - MARSHALL W. TOPS UCITS 44

MLIS - OZ EUROPE UCITS FUND CL 30

MLIS - THEOREMA EUROPEAN EQUIT 22

MLIS - YORK EVEN DRIVEN UCITS 30

MLM MACRO PEAK PARTNERS OFFSH 39

MOJNA ALPHA LEVERAGED MASTER F 22

MOJNA ALPHA MASTER FUND - EUR 22

MONARCH DEBT RECOVERY FUND LTD 17

MONEDA ABSOLUTE RETURN LTD SUB 30

MONEDA LATIN AMERICAN CORPORAT 13

MOORE GLOBAL INV FD, LTD - A $ 39

MOORE MACRO MANAGERS FUND, LTD 39

MS ASCEND UCITS FUND CLASS I E 24

MUDRICK DISTRESSED OPPORTUNITY 17

N

NEVSKY FUND PLC (COMPOSITE) 24

NEZU CYCLICALS FUND LTD 19

NORDIC ALPHA CLASS B - NOK 22

O

OBSERVATORY CREDIT MARKETS FUN 14

OCCO EASTERN EUROPEAN FUND A S 20

OCEANIC HEDGE FUND - CLASS A 19

OCP DEBT OPPORTUNITY INTERNATI 16

OCTAGON PAN ASIA FUND 19

ODEY EUROPEAN, INC (EUR) 22

OMEGA OVERSEAS PARTNERS, LTD 26

OMNI MACRO FUND I LIMITED 39

ONE WILLIAM STREET CAPITAL FUN 16

ONSLOW MACRO FUND CLASS A 39

ORTUS FUND (CAYMAN) LTD 41

OWL CREEK OVERSEAS FUND, LTD 30

OWS CREDIT OPPORTUNITY FUND 17

OYSTER CREDIT OPPORTUNITIES FU 14

P

PALOMINO FUND LTD CLASS B ORIG 15

PAN ASIA OPPORTUNITIES FUND LT 45

PASSPORT GLOBAL STRATEGY FUND 24

PASSPORT LONG SHORT STRATEGY F 24

PASSPORT SPECIAL OPPORTUNITIES 35


PAULSON ADVANTAGE LTD -A- 30

PAULSON ADVANTAGE PLUS LTD 30

PAULSON CREDIT OPPORTUNITIES L 17

PAULSON ENHANCED LTD 47

PAULSON INTERNATIONAL, LTD 47

PAULSON RECOVERY FUND LTD 31

PEGASUS UCITS FUND 25

PELAGUS CAPITAL FUND 32

PELHAM LONG/SHORT FUND LTD CLA 22

PENSATO EUROPA FUND LTD EURO C 22

PERCEPTIVE LIFE SCIENCES OFFSH 28

PERRY PARTNERS INTERNATIONAL I 31

PERSHING SQUARE INTL.LTD 31

PHALANX JAPAN AUSTRALASIA MULT 48

PHARO MACRO FUND LTD 39

PHARO TRADING FUND 37

PIMCO ABSOLUTE RETURN STRATEGY 32

PIMCO GLOBAL CREDIT OPPORTUNIT 15

PIMCO MULTI-ASSET VOLATILITY F 51

PINE RIVER ASIA FUND 12

PINE RIVER CONVERTIBLES FUND 12

PINE RIVER FIXED INCOME FUND L 32

PINE RIVER FUND CLASS -B1- SHA 50

PINE RIVER LIQUID MORTGAGE FUN 32

PINPOINT CHINA FUND CLASS A US 20

PINPOINT MULTI-STRATEGY FUND 39

PLATINUM FUND LTD 24

PLATINUM PARTNERS VALUE ARBITR 50

POLAR CAPITAL EUROP CONVICTION 22

POLAR CAPITAL EUROPEAN FORAGER 27

POLLUX BRAZILIAN EQUITIES FUND 20

PORTLAND HILL OVERSEAS FUND LT 50

PROLOGUE FEEDER FUND, LTD. CLA 32

PROSIRIS GLOBAL OPPORTUNITIES 15

Q

QVT OFFSHORE LTD CLASS 1-NR 50

R

RAB SPECIAL SITUATION FD LTD 27

RAVEN ROCK CREDIT OFFSHORE FUN 16

RBR EUROPEAN LONG SHORT LTD (E 22

REAL RETURN ASIAN FUND LTD (TH 20

REDWOOD OFFSHORE FUND 18

RENAISSANCE INSTITUTIONAL DIVE 50

RENAISSANCE INSTITUTIONAL EQUI 26

RENAISSANCE INSTITUTIONAL FUTU 43

REVELATION SPECIAL SITUATIONS 31

ROSEMONT OFFSHORE FUND LTD CLA 46

RUBICON GLOBAL FUND, LTD 39

RUSSIAN PROSPERITY FUND - A 35

RWC SAMSARA FUND CLASS A EURO 22

RWC US ABSOLUTE ALPHA FUND - C 26

S

SAB OVERSEAS FUND LTD 26

SABA CAPITAL OFFSHORE FUND LTD 15

SAGIL LATIN AMERICAN OPPORTUNI 21

SCHRODER ISF EMERGING MARKET D 13

SEGANTII ASIA-PACIFIC EQUITY M 48

SELIGMAN TECH SPECTRUM FUND CL 29

SEMINOLE OFFSHORE FUND 26

SENVEST PARTNERS, LTD - CLASS 28

SFP VALUE REALIZATION FUND 31

SIERRA EUROPE OFFSHORE, LTD - 22

SILVER POINT CAPITAL OFFSHORE 17

SINFONIETTA FUND 37

SKYLINE UCITS FUND INSTITUTION 21

SOLAISE SYSTEMATIC FUND LTD ( 43

SOLUS SOLA LTD CL. I 31

SOMERSET SPECIAL OPPORTUNITIES 31

SPF CREDIT SUISSE SECURITIZED 15

SPINNAKER GLOB OPP FUND, LTD C 37

SPINNAKER GLOBAL EMERGING MARK 48

SR GLOBAL FUND C - INTERNATION 24

SR GLOBAL FUND H - JAPAN (Real 24

SR GLOBAL FUND INC - G - GLOBA 21

SR PHOENICIA INC CLASS -A- SER 21

STANDARD PACIFIC CAPITAL -B- 24

STK CAPITAL GLOBAL EQUITIES 24

STONE LION FUND LTD CLASS A 17

STRATEGIC VALUE RESTRUCTURING 18

STRATUS FUND LIMITED CLASS B 50

SUSA EUROPEAN EQUITIES FUND CL 22

T

TELLIGENT GREATER CHINA FUND 20

TEWKSBURY INVESTMENT FUND, LTD 43

THE CAMBRIDGE STRATEGY - APOLL 38

THE CAMBRIDGE STRATEGY - ASIAN 36

THE CAMBRIDGE STRATEGY - EMERG 37

THE CAMBRIDGE STRATEGY - EXTEN 37

THEOREMA EUROPE FUND PLUS LTD 23

TILDEN PARK OFFSHORE INVESTMEN 16

TOSCA CLASS A - USD 27

TRADELINK INTEGRATED PROGRAM L 43

TRAXIS SIVIK GLOBAL HEALTHCARE 28

TRIAN PARTNERS LTD 31

TRICADIA CREDIT STRATEGIES, LT 16

TT INTERNATIONAL FUND 39

TT MID-CAP EUROPE LONG/SHORT F 23

TUDOR B.V.I GLOBAL FUND LTD -A 39

TUDOR B.V.I GLOBAL FUND LTD -A 39

TUDOR DISCRETIONARY MACRO FUND 40

TUDOR TENSOR FUND LIMITED CLAS 43

TULIP TREND FUND, LTD - A 43

TUSKER INVESTMENTS FUNDS 19

TWO SIGMA ABSOLUTE RETURN FUND 45

TWO SIGMA COMPASS CAYMAN FUND 43

TWO SIGMA HORIZON CAYMAN LTD 50

TYRUS CAPITAL EVENT FUND LTD 31

TYRUS CAPITAL OPPORTUNITIES FU 31

V

VAN ECK HARD ASSETS 2X FUND LT 19

VARDEN PACIFIC OPPORTUNITY OFF 16

VISIUM BALANCED OFFSHORE FUND 28

VISIUM CREDIT OPPORTUNITIES FU 16

VISIUM GLOBAL OFFSHORE FUND LT 50

VISIUM INSTITUTIONAL PARTNERS 27

VR GLOBAL OFFSHORE FUND LTD 18

W

WATERSTONE MKT NEUT OS FUND, L 12

WEISS MULTI-STRATEGY PARTNERS 50

WF ASIA FUND LTD S/1 20


WINTON EVOLUTION FUND (THE) 43

WINTON FUTURES FUND - CLASS B 43

Y

YORK ASIAN OPPORTUNITIES UNITS 30

YORK INVESTMENT LTD -CLASS A-U 31

Z

ZADIG FUND CLASS A1 23

ZEAL CHINA FUND LIMITED 20

ZWEIG-DIMENNA INTL LIMITED - C 26


TopInvestment Funds Return DateSFP VALUE REALIZATION FUND 55.69 13 Sep 13

PERCEPTIVE LIFE SCIENCES OFFSH FUND, LTD 51.88 20 Sep 13

SR GLOBAL FUND H - JAPAN (Real Perf) 49.66 20 Sep 13

SENVEST PARTNERS, LTD - CLASS A 46.44 31 Aug 13

MARLIN FUND LP 42.45 31 Aug 13

ANDURAND COMMODITIES FUND 40.40 31 Aug 13

BLUE SKY JAPAN LTD - CLASS A 36.77 31 Aug 13

BCM WESTON LP 35.76 20 Sep 13

PEGASUS UCITS FUND 34.35 20 Sep 13

OWL CREEK OVERSEAS FUND, LTD 32.12 20 Sep 13

PAULSON RECOVERY FUND LTD 31.17 31 Aug 13

GLENVIEW CAPITAL PARTNERS (CAYMAN), LTD. 30.71 31 Aug 13

SINFONIETTA FUND 29.94 13 Sep 13

JABCAP GLOBAL BALANCED FUND LTD CLASS D/1 NI 29.66 17 Sep 13

PASSPORT SPECIAL OPPORTUNITIES FUND LTD CLASSAA

28.59 31 Aug 13

DORSET ENERGY FUND, LTD - CLASS A 28.38 20 Sep 13

JABCAP MULTI STRATEGY FUND LTD CLASS D/1 NI 27.46 31 Aug 13

KINETICS FUND, INC - A/A 27.34 20 Sep 13

JENOP GLOBAL HEALTHCARE FUND LTD SERIES A 24.60 20 Sep 13

TRIAN PARTNERS LTD 24.27 31 Aug 13

BottomInvestment Funds Return DateRAB SPECIAL SITUATION FD LTD -26.64 13 Sep 13

CCP QUANTITATIVE FUND US$ ARISTARCHUS SH. -25.67 20 Sep 13

DOUBLE HAVEN CREDIT OPPORTUNITIES 04/04 -24.84 31 Aug 13

WATERSTONE MKT NEUT OS FUND, LTD -14.99 20 Sep 13

BREVAN HOWARD EM. MKT STRATEGIES FUND LTD -14.86 31 Aug 13

ORTUS FUND (CAYMAN) LTD -14.81 13 Sep 13

EAGLE GLOBAL FUND -13.17 20 Sep 13

HIGHBRIDGE QUANTITATIVE COMMODITIES FUNDCLASS B

-12.88 31 Aug 13

HIGHBRIDGE QUANTITATIVE COMMODITIES FUNDCLASS A

-12.76 31 Aug 13

BLUETREND FUND, LTD - CLASS A -11.58 31 Aug 13

DISCUS FEEDER LTD CL. B USD STANDARD LEVERAGE -11.40 20 Sep 13

HSBC TRADING ADVANTEDGE FUND -11.09 31 Aug 13

EAGLE QUANTITATIVE MACRO FUND LTD -9.46 31 Aug 13

THE CAMBRIDGE STRATEGY - EXTENDED MARKETSCURRENCY ALPHA

-9.34 20 Sep 13

CLIVE FUND (The ) Class - A - -9.05 18 Sep 13

HIGHBRIDGE STATISTICAL OPP. LTD – CLASS A -9.02 15 Sep 13

CONQUEST MACRO FUND, LTD (COMP) -8.99 25 Sep 13

COELI POWER SURGE FUND LTD -8.72 31 Aug 13

KEYNES LEVERAGED QUANTITATIVE STRATEGIESFUND CLASS - B -COMPOSITE

-8.55 20 Sep 13

ARMAJARO STS COMMODITIES FUND CLASS -Z- -8.53 31 Aug 13

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


TopInvestment Funds Return DateBTG PACTUAL DISTRESSED MORTGAGE FUND 46.16 31 Dec 12

SFP VALUE REALIZATION FUND 44.54 31 Dec 12

CAIRN SUBORDINATED FINANCIALS FUND 43.43 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

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

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

MLIS - GRAHAM CAPITAL SYSTEMATIC MACRO UCITSFUND

-10.09 31 Dec 12

COMAC GLOBAL MACRO FUND -8.95 31 Dec 12

CLIVE FUND (The ) Class - A - -8.81 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

ELLINGTON MORTGAGE OPPORTUNITIES MASTERFUND LTD

16.19 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 6.75%

Convertible/AsiaYtd Avg. 2013

4.44%

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

30 Apr 07 Q $97MAug 13

1,264.01 31 Aug13

(0.25%) 1.47% 5.45% -4.26% 10.74% 3.76% 8.02% (24.55%)Oct 07 - Oct 08

PINE RIVER ASIA FUNDNikhil Mankodi

30 Jun 04 Q $275MAug 13

1,667.12 20 Sep13

(0.54%) 7.42% 8.08% 0.67% 12.99% 5.69% 11.30% (37.86%)Jan 08 - Dec 08

Convertible/GlobalYtd Avg. 2013

10.33%

BASSO INVESTORS LTDHoward Fischer

30 Sep 95 Q $327MJun 13

6,849.82 20 Sep13

0.92% 7.90% 9.5% 2.61% 17.15% 11.29% 6.01% (25.00%)Dec 07 - Oct 08

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

29 Feb 00 M $408MAug 13

3,022.89 31 Aug13

0.06% 4.43% 8.65% -1.88% 7.98% 8.53% 8.21% (34.47%)Oct 07 - Dec 08

JABCAP GLOBAL CONVERTIBLE FUND - D1UnrestrictedPhilippe Jabre

30 Apr 07 W $271MJun 13

184.02 17 Sep13

3.84% 21.13% 5.37% -14.15% 8.45% 10.01% 13.40% (28.61%)May 08 - Nov 08

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

31 May 07 Q/M $938MAug 13

207.50 20 Sep13

1.78% 7.84% 4.59% -1.65% 16.97% 12.26% 8.85% (16.23%)Aug 08 - Nov 08

Convertible/USAYtd Avg. 2013

3.51%

INVESTCORP SILVERBACK ARBITRAGE FUNDSilverback Asset Management

31 Oct 06 Q $648MSep 13

266.22 31 Aug13

0.76% 4.01% 3.34% 4.97% 11.16% 15.39% 13.80% (25.79%)Jun 08 - Nov 08

PINE RIVER CONVERTIBLES FUNDFranklin Parlamis

31 Jul 09 Q $114MAug 13

200.18 20 Sep13

1.77% 21.51% 7.6% 4.98% 22.41% 18.24% 7.02% (3.80%)Apr 10 - Jun 10

WATERSTONE MKT NEUT OS FUND, LTDShawn Bergerson

31 Jul 03 Q $1'305MJul 13

207.42 20 Sep13

(4.74%) (14.99%) 11.1% 0.73% 6.1% 7.45% 10.55% (17.56%)Aug 08 - Oct 08

1. Max Drawdown: Peak to trough.


InceptionDates

Liquidity AssetSize

Last NAV orIndex


CreditYtd Avg. 2013 5.34%

Credit/EmergingYtd Avg. 2013

(2.24%)

ABSOLUTE INSIGHT EMERGING MARKET DEBT FUNDCLASS B1PColm McDonagh

30 Apr 08 D €605MSep 13

1.44 26 Sep13

1.60% 0.10% 11.73% 0.08% 8.01% 7.00% 8.05% (15.32%)May 08 - Oct 08

BAF LATAM TRADE FINANCE FUNDErnesto Lienhard & team.

29 Feb 08 M $200MAug 13

164.96 31 Aug13

0.67% 5.34% 8.71% 8.99% 11.23% 9.52% 0.44% 0.00%Jan 00 - Jan 00

BLUEBAY EMERGING MARKET FIXED INCOMEOPPORTUNITY FUNDDavid Dowsett, Rodrigo Da Fonseca

30 Nov 11 M $188MMay 13

103.22 31 Jul 13 (0.69%) (2.92%) 6.99% -0.62% 1.91% 3.84% (3.27%)Dec 12 - Mar 13

DOUBLE HAVEN CREDIT OPPORTUNITIES 04/04Darryl Flint

31 Mar 04 Y / Q $41MJan 13

855.98 31 Aug13

(11.46%) (24.84%) -7.06% -4.16% -8.53% (1.64%) 7.76% (45.65%)Aug 08 - Aug 13

FINISTERRE SOVEREIGN DEBT FUNDPaul Crean and Xavier Corin-Mick

31 Mar 03 Q $745MAug 13

256.58 31 Aug13

(0.54%) 2.24% 4.3% 10.35% 12.04% 9.46% 7.25% (21.00%)Jun 08 - Oct 08

IP ALL SEASONS ASIAN CREDIT HEDGE FUNDEmil NGUY

31 Jan 02 M $385MMar 13

21.06 11 Sep13

(0.11%) (2.74%) 18.68% -1.37% 17.43% 6.62% 9.53% (38.05%)Feb 08 - Mar 09

MONEDA LATIN AMERICAN CORPORATE DEBT FUND-A-Fernando Tisné and Javier Montero

30 Sep 07 Q $148MJun 13

1,747.07 31 Aug13

(0.75%) 4.60% 11.48% 2.44% 17.08% 9.88% 15.24% (32.05%)Aug 08 - Dec 08

SCHRODER ISF EMERGING MARKET DEBT A/R -IACC-Geoffrey Blanning

31 Jan 02 Daily $3'600MJun 13

33.90 25 Sep13

0.44% 0.27% 5.36% 0.69% 2.94% 8.43% 5.33% (9.31%)Mar 08 - Oct 08

Credit/EuropeYtd Avg. 2013

4.96%

ABSOLUTE INSIGHT CREDIT FUND B1P2 EUROAlex Veroude

30 Sep 11 W €478MSep 13

1.19 25 Sep13

0.41% 3.22% 12.65% 2.59% 9.27% 5.29% (1.77%)Oct 11 - Dec 11

CAIRN CREDIT FOCUS FUND LTDCairn Captial Limited

31 Jul 12 M $82MAug 13

109.86 31 Aug13

0.58% 3.27% 6.38% 9.05% 2.89% (0.78%)May 13 - Jun 13

CAIRN SPECIAL OPPORTUNITIES CREDIT FUNDCairn Captial Limited

31 Dec 07 Q €68MAug 13

181.60 31 Aug13

0.66% 8.41% 19.95% -12.51% 10.39% 11.09% 8.34% (13.94%)Jun 11 - Nov 11

CAIRN SUBORDINATED FINANCIALS FUNDCairn Captial Limited

30 Sep 11 M $159 MAug 13

159.75 31 Aug13

0.52% 4.31% 43.43% 6.78% 27.62% 10.95% (4.95%)Mar 12 - May 12

EIFFEL CREDIT OPPORTUNITIES FUNDEmmanuel Weyd, Eiffel Investment Group

30 Nov 11 M €86MAug 13

1,296.00 20 Sep13

0.81% 4.78% 20.07% 3.01% 15.42% 7.53% (4.47%)Apr 12 - Jun 12

LNG EUROPA CREDIT FUNDLNG Capital LLP

31 Mar 11 M $53MMay 13

1,223.60 31 Aug13

1.70% 11.71% 19.58% -7.79% 8.99% 9.73% (10.12%)Apr 11 - May 12



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Credit/EuropeYtd Avg. 2013

4.96%

OBSERVATORY CREDIT MARKETS FUND (THE)Shazad Ghaffar

30 Jun 04 M $765MAug 13

293.79 31 Aug13

0.69% 3.83% 13.46% -5.02% 7.36% 12.46% 6.72% (12.74%)Jul 07 - Jul 08

OYSTER CREDIT OPPORTUNITIES FUND CLASSEUR2Cairn Capital Limited

31 Jul 09 W €385MAug 13

117.52 31 Aug13

0.40% 0.18% 9.92% -1.61% 5% 4.03% 3.41% (6.80%)May 11 - Sep 11

Credit/GlobalYtd Avg. 2013

6.93%

AG MORTGAGE VALUE PARTNERS LTDJonathan Lieberman

30 Apr 09 Q $1031MAug 13

217.36 31 Aug13

0.70% 8.60% 20.08% 7.42% 24.06% 19.59% 4.48% (1.70%)May 13 - Jun 13

ARISTEIA INTERNATIONAL LTDAnthony M. Frascella, William R. Techar

01 Aug 97 Q $1'305MSep 13

886.75 31 Aug13

1.63% 11.28% 11.2% 2.36% 10.5% 14.52% 9.13% (30.20%)May 08 - Dec 08

ASGARD FIXED INCOME FUND LTDMorten Mathiesen

30 Jun 03 M € 263 MMay 13

397.39 20 Sep13

0.66% 9.81% 34.12% 25.31% 20.62% 14.43% 6.98% (11.54%)Aug 08 - Dec 08

AXONIC CREDIT OPPORTUNITIES OVERSEASFUND,LTDClayton DeGiacinto

31 Dec 10 Q $1'070MJul 13

144.72 31 Aug13

0.33% 8.62% 25.69% 6.01% - 14.85% 4.71% (3.35%)Jul 11 - Oct 11

BLUEBAY CREDIT ALPHA LONG SHORT FUNDGeraud Charpin

31 Oct 11 M €179MAug 13

122.56 20 Sep13

1.35% 5.48% 26.2% 0.3% 16.52% 5.17% (1.60%)Jan 13 - Mar 13

BLUECREST MULTI STRATEGY CREDIT FUNDMike Platt

31 Oct 07 Q $1'647MDec 12

154.18 31 Aug13

(0.52%) 4.32% 7.23% -1.31% 1.56% 7.70% 6.20% (7.59%)Apr 11 - Jan 12

BLUEMOUNTAIN CREDIT ALTERNATIVES FUNDBlueMountain Capital Management

31 Oct 03 Q $7'100MJul 13

249.85 20 Sep13

(0.16%) 5.04% 14.51% 3.57% 12.19% 9.69% 6.33% (11.82%)Aug 08 - Dec 08

BLUEMOUNTAIN LONG SHORT CREDIT FUND LTDBlueMountain Capital Management

31 Jan 10 M $1'030MJul 13

1,135.36 20 Sep13

(0.04%) 5.28% 7.84% 3.65% 9.76% 7.29% 3.65% (3.43%)Apr 11 - Sep 11

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

31 Jul 09 M $4'026MJul 13

165.56 31 Aug13

1.10% 7.13% 15.34% 1.22% 13.46% 13.13% 4.52% (5.05%)May 11 - Dec 11

BREVAN HOWARD CREDIT VALUE FUND LTDDW Investment Management ,LP

29 Feb 12 HY $384MJun 13

132.45 31 Aug13

(0.07%) 11.30% 19.01% 20.54% 6.28% (2.00%)May 13 - Jun 13

CANDLEWOOD STRUCTURED CREDIT FUND LTDGreg Richter and Brian Herr

31 Dec 10 M $869MAug 13

163.10 31 Aug13

0.90% 8.38% 20.12% 25.27% - 20.12% 3.95% (1.55%)May 13 - Jun 13

CANDLEWOOD STRUCTURED CREDIT HARVEST FDLTD -Greg Richter and Brian Herr

31 Jul 12 Q $363MAug 13

121.47 31 Aug13

1.10% 9.72% 10.71% 19.63% 4.99% (2.20%)May 13 - Jun 13

CHENAVARI CORPORATE CREDIT STRATEGY M1Chenavari Investment Managers

30 Sep 08 M $258MJun 13

135.45 31 Aug13

(0.60%) 6.55% 17.22% 1.29% 12.41% 13.68% 5.79% (6.82%)Apr 11 - Aug 11

CHENAVARI MULTI STRATEGY CREDIT FUND - MS2 €Chenavari Investment Managers

31 Jan 12 M $140MAug 13

118.77 31 Aug13

(0.45%) 11.29% 6.72% 11.47% 4.24% (0.45%)Jul 13 - Aug 13



InceptionDates

Liquidity AssetSize

Last NAV orIndex



6.93%

CQS ABS FEEDER FUND - CLASS -B1- USDSimon Finch

30 Sep 06 Q $1'831MAug 13

4,890.35 31 Aug13

0.29% 6.29% 16.85% 0.67% 19.2% 25.77% 12.01% (3.86%)Apr 07 - Jun 07

CQS CREDIT LONG SHORT FEEDER FUND LTD - B1EURSimon Finch

30 Apr 09 M $243MAug 13

1,098.61 31 Aug13

0.49% (2.14%) -5.28% 7.74% 8.75% 2.38% 3.92% (8.42%)Sep 11 - May 13

ELLINGTON CREDIT OPPORTUNITIES FUND LTDEllington Management Group, LLC

30 Apr 08 Q $340MJul 13

245.70 31 Aug13

0.90% 12.46% 27.73% 1.86% 12.47% 18.33% 6.21% (1.84%)Apr 11 - Jul 11

ELLINGTON MORTGAGE OPPORTUNITIES MASTERFUND LTDEllington Management Group, LLC

31 Jan 09 Q $180MJul 13

237.65 31 Aug13

0.97% 7.35% 13.29% 16.19% 23.72% 20.79% 4.02% (0.58%)Mar 13 - Apr 13

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

31 Jul 02 Q $40MApr 13

250.18 13 Sep13

0.90% 8.75% 7.14% -9.97% 20.28% 8.59% 7.96% (29.78%)Jun 07 - Dec 08

GREEN T G2 FUNDDarryl Green, Geoffrey Sherry

28 Feb 99 Q $524MAug 13

193.92 20 Sep13

1.11% 1.21% 2.8% 0.8% 5.88% 6.65% 3.61% (4.26%)Dec 03 - Jul 04

III SELECT CREDIT FUND LTD CLASS -A-Lester Coyle

31 Dec 07 Q $298MJul 13

1,824.24 20 Sep13

0.10% 5.84% 11.95% 7.41% 18.47% 11.25% 6.97% (8.44%)Aug 08 - Nov 08

JPS CREDIT OPPORTUNITIES FUND (CAYMAN) LTDJP Morgan Asset Management

30 Sep 11 Q $614MAug 13

116.18 19 Sep13

0.36% 4.58% 10.86% 0.2% 7.89% 2.03% (0.50%)Oct 11 - Nov 11

KINGDON CREDIT LTD A1/1Michael Pohly

30 Sep 09 Q $283MAug 13

1,467.97 13 Sep13

1.55% 7.19% 8.3% 1.64% 16.36% 10.38% 5.40% (6.34%)May 11 - Sep 11

LOOMIS SAYLES CREDIT LONG SHORT FUNDKevin Kearns and Tom Stolberg

31 Aug 07 Q $522MMar 13

172.58 20 Sep13

1.50% 2.85% 12.48% -0.76% 12.15% 9.42% 6.90% (9.90%)Jun 08 - Sep 08

LUCIDUS CAPITAL G4 FUNDDarryl Green, Geoffrey Sherry

28 Feb 11 Q $992MJun 13

108.66 20 Sep13

2.30% 2.19% 5.23% 1.04% 3.29% 3.35% (1.97%)Feb 11 - Jun 11

PALOMINO FUND LTD CLASS B ORIGINAL SERIESDavid Tepper

31 Dec 94 Y $6'705MJul 13

7,870.33 31 Aug13

(2.12%) 20.35% 29.29% -3.53% 27.86% 26.33% 20.28% (49.05%)Feb 98 - Sep 98

PIMCO GLOBAL CREDIT OPPORTUNITY FUNDSERIES 1Dan Ivascyn / Jon Horne

30 Jun 06 Q $1'527MAug 13

171.68 31 Aug13

0.35% 8.21% 15.18% 6.24% 9.17% 7.82% 5.29% (12.86%)Jun 07 - Nov 08

PROSIRIS GLOBAL OPPORTUNITIES FUNDReza Ali

30 Jun 11 Q $647MAug 13

155.38 31 Aug13

0.84% 12.11% 22.49% 13.15% 22.49% 4.57% 0.00%Jan 00 - Jan 00

SABA CAPITAL OFFSHORE FUND LTDBoaz Weinstein

31 Jul 09 Q $3'150MAug 13

126.50 20 Sep13

(1.97%) 0.58% -3.87% 9.33% 10.85% 5.84% 5.15% (7.32%)Jun 12 - Apr 13

SPF CREDIT SUISSE SECURITIZED PRODUCTSMASTER FUND LTDAlbert Sohn

31 Dec 11 Q $1'331MAug 13

129.35 31 Aug13

1.25% 11.06% 16.46% - 16.67% 3.78% (0.57%)May 13 - Jun 13



InceptionDates

Liquidity AssetSize

Last NAV orIndex



6.93%

TRICADIA CREDIT STRATEGIES, LTDArif Inayatullah & Michael Barnes

31 Mar 05 Q $2'041MAug 13

335.00 15 Sep13

0.14% 7.30% 12.73% -0.81% 10.19% 15.35% 7.62% (10.77%)Jun 08 - Nov 08

VARDEN PACIFIC OPPORTUNITY OFFSHORE FUND ILTDVarden Pacific LLC

30 Apr 12 Q $270MAug 13

114.58 31 Aug13

(0.39%) 4.25% 9.91% 10.72% 4.39% (1.55%)May 13 - Jun 13

VISIUM CREDIT OPPORTUNITIES FUNDChris Plaford

30 Apr 09 Q $211MMay 13

160.81 31 Jul 13 (3.14%) (4.41%) 5.82% 0.68% 31.67% 11.81% 6.25% (7.46%)Apr 13 - Jul 13

Credit/USAYtd Avg. 2013

6.35%

400 CAPITAL CREDIT OPPORTUNITIESChris Hentemann

31 Jan 09 Q $594MJul 13

242.26 31 Aug13

0.79% 10.43% 34.21% 3.07% 21.17% 21.29% 6.48% (2.91%)May 11 - Oct 11

ACUITY CORPORATE OPPORTUNITY FUND LTDJohn Harnisch

31 Dec 09 M $120MAug 13

147.27 31 Aug13

1.44% 5.28% 11.14% 1.2% 24.36% 11.13% 4.16% (3.23%)Jul 11 - Nov 11

BRIGADE LEVERAGED CAPITAL STRUCTURES FUNDDon Morgan

31 Dec 06 Q $5'321MSep 13

1,562.30 20 Sep13

1.75% 4.31% 6.7% 2.45% 7.52% 6.86% 6.73% (19.42%)Jun 08 - Dec 08

MARINUS OPPORTUNITIES FUND (PROFORMA)Najib Canaan

31 Dec 09 Q $271MJul 13

152.76 31 Jul 13 0.03% 3.91% 14.54% 6% 21.08% 12.55% 2.85% (0.99%)May 13 - Jun 13

MIDOCEAN ABSOLUTE RETURN CREDIT FUNDMidOcean Credit Fund Management LP

31 Jan 10 M $291MJul 13

137.30 31 Aug13

0.65% 4.60% 10.8% 9.99% 7.71% 9.25% 3.81% (3.26%)Jul 11 - Sep 11

MIDOCEAN CREDIT OPPORTUNITY FUND CLASS BMidOcean Credit Fund Management LP

31 Mar 09 Q $585MJul 13

209.03 31 Aug13

0.36% 6.27% 10.78% 7.46% 16.64% 18.14% 6.94% (2.69%)Jul 11 - Aug 11

MKP CREDIT OFFSHORE FUNDPatrick McMahon and Anthony Lembke

28 Feb 99 Q $1'535MAug 13

494.37 20 Sep13

0.75% 5.64% 19.59% -5.11% 15.33% 11.59% 5.56% (8.94%)Feb 11 - Oct 11

OCP DEBT OPPORTUNITY INTERNATIONAL LTDOnex Credit Partners

30 Jun 01 Q $313MAug 13

269.64 31 Aug13

0.35% 7.07% 9.21% -1.39% 10.32% 8.49% 6.53% (24.14%)Jun 07 - Dec 08

ONE WILLIAM STREET CAPITAL FUNDOWS Capital Management

31 Mar 08 Y / Q $2'354MSep 13

1,746.40 31 Aug13

0.62% 4.40% 18.98% -4.19% 18.8% 10.83% 6.20% (8.43%)Feb 11 - Nov 11

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

31 Aug 09 M $117MJul 13

155.92 31 Aug13

0.16% 2.30% 8.46% 6.53% 18.82% 11.73% 5.26% (3.76%)Jul 11 - Sep 11

TILDEN PARK OFFSHORE INVESTMENT FUND LTDJosh Birnbaum

31 Dec 10 Q $1'321MAug 13

179.98 31 Aug13

1.36% 15.68% 41.34% 10.07% - 24.64% 5.70% (0.90%)Sep 11 - Oct 11



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Distressed SecurityYtd Avg. 2013 9.55%

Distressed Security/EuropeYtd Avg. 2013

13.68%

CHENAVARI TORO CAPITAL I AChenavari Investment Managers

31 May 09 M $410MJun 13

672.44 31 Aug13

1.07% 18.64% 32.42% 24.71% 90.56% 56.51% 13.03% (5.11%)Jul 11 - Oct 11

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

30 Jun 07 Q $800MJul 13

165.38 20 Sep13

1.03% 8.72% 10.98% -4.82% 7.94% 8.41% 6.68% (8.56%)May 11 - Nov 11

Distressed Security/GlobalYtd Avg. 2013

9.24%

CANDLEWOOD SPECIAL SITUATIONS FUND LTDMichael Lau and David Koenig

30 Apr 03 Q $773MJul 13

762.34 20 Sep13

1.00% 9.11% 14.78% 3.88% 11.54% 21.57% 11.46% (28.11%)May 08 - Nov 08

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

31 Dec 94 Q $5'695MJun 13

7,128.52 31 Aug13

0.18% 9.93% 18.05% -4.66% 14.66% 11.09% 8.49% (28.82%)Oct 07 - Nov 08

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

31 May 93 Q $1'042MJul 13

778,629.41 31 Aug13

(1.02%) 1.04% 12.05% 9.6% 10.32% 10.66% 5.44% (22.26%)May 08 - Feb 09

CONTRARIAN CAPITAL FUND I OFFSHORE LTDJon Bauer

30 Sep 86 Y $2'375MJul 13

2,410.43 31 Aug13

0.70% 8.82% 24.31% -1.32% 12.38% 12.54% 9.71% (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 $896MJul 13

2,346.75 31 Aug13

0.59% 14.53% 13.51% -2.45% 10.16% 10.66% 10.07% (26.27%)Oct 07 - Nov 08

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

31 Dec 96 Q $10'900MMay 13

585.34 20 Sep13

0.63% 8.80% 12.52% -1.62% 5.41% 11.14% 4.09% (5.21%)May 11 - Nov 11

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

30 Sep 99 Y / Q $135MJul 13

353.12 31 Aug13

0.87% (5.10%) 9.61% 0.25% 14.51% 9.48% 8.76% (34.48%)Jun 07 - Feb 09

MONARCH DEBT RECOVERY FUND LTDMichael Weinstock, Andrew Herenstein

31 Mar 02 Y $1'285MMar 13

3,641.92 31 Aug13

0.33% 11.89% 12.08% -0.45% 25.65% 11.98% 8.16% (33.02%)Oct 07 - Dec 08

MUDRICK DISTRESSED OPPORTUNITY FUND LTDJason Mudrick

30 Jun 09 Q $205MMay 13

160.46 31 Aug13

0.80% 6.62% 21.85% -3.72% 11.42% 12.00% 5.91% (8.55%)Mar 11 - Sep 11

OWS CREDIT OPPORTUNITY FUNDOWS Capital Management

31 Dec 10 Y/Q $369MAug 13

1,314.75 31 Aug13

0.66% 9.22% 23.41% -2.46% - 10.80% 5.43% (7.86%)Apr 11 - Oct 11

PAULSON CREDIT OPPORTUNITIES LTDJohn Paulson

30 Jun 06 Y $5'388MFeb 13

1,561.05 31 Aug13

0.16% 12.63% 8.87% -18.24% 18.78% 46.66% 42.65% (24.80%)Apr 11 - Sep 11

SILVER POINT CAPITAL OFFSHORE LTDEdward Mulé

31 Dec 01 Q $5'111MJun 13

4,283.86 17 Sep13

0.44% 13.09% 20.04% 4.52% 19.42% 13.22% 8.52% (35.48%)Jun 07 - Dec 08

STONE LION FUND LTD CLASS AGreg Hanley and Alan Mintz

31 Oct 08 Q $620MDec 12

2,167.92 31 Aug13

0.22% 10.68% 11.31% 0.05% 9.25% 17.35% 8.84% (8.74%)Apr 11 - Sep 11



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Distressed Security/GlobalYtd Avg. 2013

9.24%

STRATEGIC VALUE RESTRUCTURING FUNDVictor Khosla

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

323.84 20 Sep13

0.42% 11.93% 13.18% -11.03% 13.12% 11.21% 7.72% (24.47%)May 07 - Jan 09

VR GLOBAL OFFSHORE FUND LTDRichard Deitz

30 Apr 99 Q $1'383MAug 13

31,363.00 31 Aug13

1.59% 15.35% 20.69% 3.58% 58.35% 27.14% 15.17% (48.38%)May 08 - Mar 09

Distressed Security/USAYtd Avg. 2013

8.67%

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

30 Jun 96 Q $1'700MJul 13

609.63 12 Sep13

1.05% 9.17% 13.86% -0.98% 13% 11.07% 8.22% (24.04%)Oct 07 - Dec 08

BTG PACTUAL DISTRESSED MORTGAGE FUNDBTG Pactual Global Asset Management

28 Feb 10 Q $264MAug 13

1,838.55 31 Aug13

1.03% 12.21% 46.16% -4.65% 17.56% 18.96% 9.22% (13.21%)Apr 11 - Dec 11

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

30 Nov 05 Q $2'659MAug 13

2,666.92 16 Sep13

0.23% 4.15% 16.14% 4.12% 25.33% 13.40% 5.64% (13.32%)Aug 08 - Mar 09

REDWOOD OFFSHORE FUNDJonathan Kolatch

31 Jul 00 Y $3'143MAug 13

658.87 31 Aug13

0.16% 9.16% 21.94% -1.98% 23.48% 15.49% 10.98% (36.28%)May 07 - Dec 08



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Equity-CommodityYtd Avg. 2013 7.04%

Equity-Commodity/GlobalYtd Avg. 2013

7.04%

DUNN WMA UCITSWiliam Dunn, Marty Bergin

31 Aug 11 D $347MApr 13

87.19 20 Sep13

(0.27%) 14.51% -20.22% -4.56% (6.45%) 23.11% (27.87%)Aug 11 - Oct 12

MARTIN CURRIE ARF - GLOBAL RESOURCESRuairidh Stewart / Duncan Goodwin

30 Sep 03 M $9MAug 13

16.11 23 Sep13

0.52% (3.93%) -2.96% -11.36% 4.85% 4.89% 9.75% (27.14%)Jun 08 - Jun 13

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

31 Jul 02 M $234MJun 13

3,341.50 20 Sep13

2.48% 15.24% -7.73% 5.24% -0.5% 11.43% 8.26% (12.78%)Nov 11 - Jul 12

TUSKER INVESTMENTS FUNDSAnuraag Shah

31 Mar 10 M $28MJul 13

188.74 31 Aug13

0.90% 12.39% 5.29% 19.41% 33.57% 20.40% 18.66% (13.48%)Aug 12 - May 13

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

31 Dec 04 M $19MApr 13

184.98 31 Aug13

0.40% (3.02%) 11.04% -13.4% 10.2% 7.35% 10.74% (22.23%)Jun 08 - Nov 08

Equity-DiversifiedYtd Avg. 2013 11.67%

Equity-Diversified/AsiaYtd Avg. 2013

9.83%

AJIA-LIGHTHORSE CHINA GROWTH FUND LTDShawn Kang

31 Dec 05 M $142MApr 13

380.38 31 Aug13

0.26% 19.04% -14.51% -12.64% 22.79% 19.02% 20.94% (41.06%)Feb 08 - Dec 08

CC ASIA ABSOLUTE RETURN FUNDRichard Cardiff, Angus Coupland

30 Jun 05 M $500MAug 13

242.76 31 Aug13

(1.64%) 9.46% -2.03% 9.08% 21.14% 11.46% 14.83% (27.12%)Dec 07 - Dec 08

CHILTON CHINA OPPORTUNITIES FUND LTDKenneth Chiang

31 Dec 06 Q $21MJan 13

200.13 20 Sep13

6.62% 13.21% 6.63% -23.21% 0.42% 10.87% 17.30% (26.16%)Oct 10 - Aug 12

EVEREST CAPITAL ASIAMarko Dimitrijevic

31 Dec 05 Q $140MMay 13

192.60 31 Aug13

3.10% 0.45% 0.06% -12.54% 6.72% 8.92% 19.69% (43.59%)Oct 07 - Feb 09

HT ASIAN CATALYST FUND LLCMs. Ophelia Tong

31 Dec 98 M $174MJul 13

18.83 31 Aug13

(1.36%) (0.89%) 9.51% -10.29% 4.43% 10.30% 11.57% (23.93%)Mar 00 - Mar 01

JOHO FUND, LTD-A-Robert Karr

31 Oct 96 S $4'258MAug 13

1,759.90 20 Sep13

5.71% 22.29% 8.83% 0.38% 17.9% 20.07% 15.88% (19.38%)Nov 07 - Nov 08

KIMA PAN ASIA OFFSHORE FUND - CLASS -A-Justin Klintberg, David Nesbitt

30 Jun 09 M $2'3MAug 13

1,251.29 31 Aug13

(0.21%) 6.92% -1.58% -5.39% 11.77% 5.52% 8.39% (17.30%)May 11 - Aug 12

NEZU CYCLICALS FUND LTDFuyuki Fujiwara

31 Jul 05 Q $162MJul 13

218.27 20 Sep13

0.74% 19.59% -6.58% -5.09% 7.53% 10.06% 13.08% (25.06%)Oct 07 - Feb 09

OCTAGON PAN ASIA FUNDPoh Min Lam & Nelson Chia

30 Sep 04 M $159MAug 13

218.47 31 Aug13

(1.53%) 4.67% 11.8% -6.07% -2.68% 9.15% 8.95% (10.69%)Oct 07 - Jan 09



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Equity-Diversified/AsiaYtd Avg. 2013

9.83%

PINPOINT CHINA FUND CLASS A USDQiang Wang

31 May 05 M $549MApr 13

730.97 19 Sep13

1.08% 7.64% 8.06% 0.6% 5.87% 27.04% 21.02% (42.16%)Oct 07 - Nov 08

REAL RETURN ASIAN FUND LTD (THE)Ezra Sun

30 Sep 04 M $477MAug 13

270.83 20 Sep13

2.16% 8.40% 9.02% -9.19% 5.75% 11.74% 10.02% (15.09%)Apr 11 - May 12

TELLIGENT GREATER CHINA FUNDChing-Shan Lin

31 Jul 04 M $269MJul 13

338.65 31 Aug13

0.13% 13.68% 10.76% -17.35% 12.73% 14.36% 18.94% (46.90%)Oct 07 - Oct 08

WF ASIA FUND LTD S/1Scobie Ward

31 Jan 01 M $368MAug 13

398.48 20 Sep13

3.05% 10.90% 27.68% -7.21% -1.28% 11.55% 13.27% (37.65%)Oct 07 - Nov 08

ZEAL CHINA FUND LIMITEDDaniel POON Chun Pong

31 Dec 09 M $763MMay 13

143.70 19 Sep13

3.37% 2.29% 12.9% 6.18% 17.18% 10.24% 15.13% (13.00%)Dec 09 - Feb 10

Equity-Diversified/BrazilYtd Avg. 2013

4.92%

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

31 Jan 07 M $58MJun 13

1,740.37 20 Sep13

2.14% 4.92% 11.03% 3.58% 11.7% 8.70% 8.93% (23.95%)Jun 08 - Oct 08

Equity-Diversified/EmergingYtd Avg. 2013

7.59%

ADELPHI EMERGING EUROPE. FUND USD SHARESLars Dollmann

31 Mar 07 Q $170MFeb 13

158.07 20 Sep13

4.12% 20.20% -2.13% -15.92% 17.01% 7.32% 13.47% (28.62%)May 08 - Jan 09

ARMAJARO EMERGING MARKETS FUND CLASS -A-Michel Danechi

31 Jul 09 M $45MMay 13

125.05 20 Sep13

3.60% 0.35% 17.35% -22.31% 18.17% 5.54% 14.40% (28.30%)Apr 11 - Dec 11

EVEREST CAPITAL FRONTIER MARKETSMarko Dimitrijevic

31 Jul 08 Q $250MMay 13

153.76 31 Aug13

(3.40%) 17.57% 17.3% -18.38% 30.64% 8.82% 15.26% (25.56%)Jul 08 - Feb 09

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

30 Jun 96 Q $150MAug 13

2,230.52 13 Sep13

4.68% (5.81%) 11.42% -14.62% 40.35% 19.76% 39.77% (81.79%)Mar 98 - Sep 98

FIREBIRD REPUBLICS FUND, LTDHarvey Sawikin & Ian Hague

30 Apr 97 Q $174MAug 13

1,039.87 13 Sep13

2.87% 12.01% 13.26% -19.42% 29.51% 15.36% 30.65% (73.20%)Sep 97 - Jan 99

GROWTH MANAGEMENT LTDStephan Pinter

31 May 98 M $162MJan 13

349.42 31 Aug13

0.10% 1.15% -6.37% -6.15% 1.08% 8.54% 7.16% (33.23%)Jun 08 - Jul 12

JABCAP EMEA FUND CLASS X1Carl Tohme

30 Sep 08 M $267MMay 13

220.68 16 Sep13

1.77% 7.33% 6.94% -3.2% 13.59% 17.28% 10.67% (10.02%)Apr 11 - May 12

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

15 Nov 00 BM $59MJun 13

8,389.91 20 Sep13

9.70% 5.30% 12.91% -20.88% 27.69% 17.99% 34.32% (81.80%)Dec 07 - Jan 09

OCCO EASTERN EUROPEAN FUND A SHARESPawel Szulc & Andrew Wiles

31 Dec 01 Y / Q $594MAug 13

381.01 20 Sep13

(0.12%) 7.43% 7.73% 5.42% 11.17% 13.21% 7.76% (20.86%)Jun 08 - Oct 08

POLLUX BRAZILIAN EQUITIES FUNDRodrigo Fonseca

31 Oct 07 M $46MJun 13

151.32 20 Sep13

(0.98%) (2.14%) 13.12% 0.39% -2.62% 7.28% 8.10% (9.59%)May 08 - Oct 08



InceptionDates

Liquidity AssetSize

Last NAV orIndex



7.59%

SAGIL LATIN AMERICAN OPPORTUNITIES FUNDCLASS AAdrian Landgrebe and Brad Jones

30 Jun 09 M $50MAug 13

132.96 20 Sep13

4.10% 5.75% 14.46% -9.01% 4.96% 6.97% 8.58% (12.35%)Oct 10 - Sep 11

SKYLINE UCITS FUND INSTITUTIONAL SHARE CLASSGeoff Bamber, David Tovar,

31 Jul 11 D $119MMay 13

140.14 20 Sep13

6.08% 8.20% 25% 3.62% 17.06% 10.28% (7.10%)Apr 12 - May 12

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

29 Feb 96 M $440MMay 13

1,302.27 20 Sep13

5.04% 14.73% -0.88% -17.2% 2.67% 19.36% 18.15% (37.25%)Oct 07 - Feb 09

SR PHOENICIA INC CLASS -A- SERIES 1Richard Atherton

31 Jul 01 M $135MMay 13

457.82 20 Sep13

5.97% 14.15% 8.13% -20.97% -1.87% 13.34% 18.48% (56.02%)Oct 07 - Feb 09

Equity-Diversified/EuropeYtd Avg. 2013

9.03%

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

30 Sep 97 Q $1'139MFeb 13

446.38 20 Sep13

4.79% 10.71% 14.08% -4.91% 9.15% 9.81% 11.77% (26.28%)May 07 - Feb 09

ADRIGO HEDGEGöran Tornée

30 Nov 06 M $ 100 MMay 13

152.25 31 Aug13

0.35% 7.44% 5.91% -0.17% 7.42% 6.42% 5.48% (9.13%)May 07 - Oct 08

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

08 Dec 98 M $500MDec 11

492.92 20 Sep13

3.22% 15.66% 1.7% -10.75% 28.25% 11.38% 15.34% (32.68%)Jun 07 - Dec 08

AQUILUS INFLECTION FUND LTD EUR SHSRichard Vogel

31 Jul 07 M €248MSep 13

119.34 31 Aug13

(1.49%) 7.61% 18.73% -14.14% 22.2% 2.95% 9.22% (22.46%)Oct 07 - Oct 08

CAPEVIEW AZRI 2X FUNDMichael Sakkas and Sushil Shah

30 Sep 10 M $170MJul 13

145.37 20 Sep13

2.14% 16.20% 12.65% 4.31% 6.47% 13.40% 5.91% (2.74%)Jan 11 - Jul 11

CAPEVIEW AZRI FUNDMichael Sakkas and Sushil Shah

31 Oct 07 M $709MSep 13

164.78 20 Sep13

0.98% 7.68% 5.82% 1.29% 12.75% 8.84% 3.57% (1.94%)Jan 11 - Jul 11

CAZENOVE EURO EQ ABS RETURN FUND LIMITEDCLASS BSteve Cordell

30 Nov 03 M €60MMay 13

1,758.58 31 Aug13

(1.44%) 5.99% 16.68% -0.65% -12.06% 5.95% 5.86% (17.67%)Oct 08 - Aug 11

EGERTON EUROPEAN EQUITY FUND LTD CLASS B1EURJohn C. Armitage

31 Aug 94 M $934MAug 13

70.21 20 Sep13

5.39% 20.35% 13.65% -4.94% 15.76% 15.01% 10.00% (28.26%)Oct 07 - Jan 09

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

30 Sep 00 M $813MJul 13

331.75 13 Sep13

(0.25%) 6.69% 5.75% 7% 8.25% 9.69% 8.12% (17.94%)Oct 07 - Oct 08

HABROK LTDLeif Christian Kvaal

31 Mar 04 Q $ 439 MAug 13

259.90 31 Aug13

(4.77%) 2.73% 6.85% -9.66% 11.59% 10.67% 15.24% (38.55%)May 08 - Jan 09

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

30 Sep 03 M $478MJul 13

391.86 20 Sep13

(0.20%) 7.11% -4.72% 10.2% 28.88% 14.66% 8.58% (16.39%)Jun 08 - Nov 09



InceptionDates

Liquidity AssetSize

Last NAV orIndex



9.03%

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

31 Aug 98 M $355MAug 13

193.69 20 Sep13

(0.14%) 9.53% 4.56% -12.68% 5.4% 9.24% 11.69% (21.60%)May 08 - Feb 09

MARSHALL WACE - MW CORE A USDErnesto Fragomeni

31 Oct 06 M $1'331MJun 13

138.95 24 Sep13

0.31% 5.22% 8.72% 5.65% 2.79% 4.88% 9.10% (26.47%)Jun 07 - Sep 08

MARSHALL WACE - MW EUROPEAN TOPS A EURAnthony Clake

31 Dec 04 M $823MJan 13

191.34 24 Sep13

0.50% 9.12% 11.31% 4.29% -0.13% 7.71% 7.86% (21.75%)Oct 07 - Feb 09

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

31 Dec 00 M $272MAug 13

285.30 23 Sep13

1.73% 13.41% 13.51% -8.53% 3.31% 7.29% 7.49% (11.03%)Jun 08 - Feb 09

MBAM ACTIVE LONG SHORTHilton Nathanson

31 Jul 10 M $523MAug 13

116.01 20 Sep13

0.31% 3.06% 3.61% 0.08% 8.56% 4.84% 3.40% (2.19%)May 12 - Jul 12

MLIS - THEOREMA EUROPEAN EQUITY LONG SHORTUCITS FUND - EUR B (acc)Theorema Asset Management Limited

31 May 10 D €91MAug 13

110.85 24 Sep13

(0.05%) 2.91% 4.37% -0.27% 3.49% 3.15% 7.66% (12.02%)Sep 11 - Jul 12

MOJNA ALPHA LEVERAGED MASTER FUND - EURJakob Nordestedt, Michael O’Mara

30 Nov 07 M $245MMar 13

161.40 20 Sep13

(1.26%) 8.83% -4.33% 5.58% 22.25% 8.59% 6.00% (6.96%)Feb 12 - Jul 12

MOJNA ALPHA MASTER FUND - EURJakob Nordestedt, & Michael O'Mara

31 Dec 02 M $281MMar 13

172.12 20 Sep13

(0.58%) 3.11% -2.69% 1.39% 7.63% 5.19% 2.60% (3.27%)Feb 12 - Jul 12

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

31 Aug 03 M NOK760MSep 13

205.44 31 Aug13

(0.49%) 14.71% 12.14% -14.91% 13.7% 7.47% 11.35% (32.36%)Dec 07 - Feb 09

ODEY EUROPEAN, INC (EUR)Crispin Odey

31 May 92 W €1'562MJul 13

855.74 13 Sep13

3.93% 18.21% 30.69% -20.56% -0.06% 14.14% 16.12% (50.64%)Jan 94 - Jul 95

PELHAM LONG/SHORT FUND LTD CLASS A EURRoss Turner

31 Oct 07 M $2'500MApr 13

169.74 31 Aug13

(1.85%) 20.24% 16.89% -10.68% 13.54% 9.49% 10.95% (12.25%)May 08 - Dec 08

PENSATO EUROPA FUND LTD EURO CLASSGraham Clapp & Edward Rumble

31 May 08 M €140MAug 13

132.24 31 Aug13

(0.53%) 1.54% 11.22% -0.28% 1.99% 5.46% 5.88% (5.40%)Jun 08 - Sep 08

POLAR CAPITAL EUROP CONVICTION FUND LIMITEDRobert Gurner

31 Mar 06 M €126MMay 13

156.12 20 Sep13

0.08% (0.57%) 8.07% 6.45% -0.18% 6.14% 8.62% (5.84%)May 11 - Aug 11

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

30 Apr 05 M $90MMay 13

2,512.60 21 Sep13

4.60% 12.21% 29.45% -11.71% 24.3% 11.60% 19.33% (55.01%)Jun 07 - Nov 08

RWC SAMSARA FUND CLASS A EUROAjay Gambhir

17 Sep 07 M $83MAug 13

137.36 20 Sep13

0.50% 14.69% 2.97% -0.85% 11.28% 5.42% 8.16% (11.60%)Jun 11 - May 12

SIERRA EUROPE OFFSHORE, LTD - CLASS C USDCharles Michaels

28 Feb 97 M $94MAug 13

518.39 20 Sep13

1.20% 4.14% 11.82% 4.88% -3.08% 10.44% 9.01% (16.98%)Mar 00 - Jan 03

SUSA EUROPEAN EQUITIES FUND CLASS A NIE EURReza Amiri

28 Feb 09 M $87MApr 13

169.32 20 Sep13

2.56% 13.68% 15.22% -10.33% 14.74% 12.24% 11.89% (16.04%)May 11 - Sep 11



InceptionDates

Liquidity AssetSize

Last NAV orIndex



9.03%

THEOREMA EUROPE FUND PLUS LTD B/1 USDG. Govi

31 Aug 04 M $20MJan 13

254.95 20 Sep13

(0.08%) 3.37% 5.6% -0.29% 2.48% 10.88% 12.12% (15.14%)Sep 11 - Jul 12

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

30 Apr 05 M $732MAug 13

264.66 31 Aug13

(2.62%) 9.35% 6.9% -1.72% 11.5% 12.37% 8.91% (7.41%)Apr 06 - Sep 06

ZADIG FUND CLASS A1Laurent Saglio

30 Nov 05 M €331MJul 13

220.25 20 Sep13

3.62% 4.96% 11.02% 3.56% 1.78% 10.64% 11.47% (19.14%)Aug 08 - Oct 08

Equity-Diversified/GlobalYtd Avg. 2013

10.70%

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

31 Dec 10 M $71MJun 13

121.29 31 Aug13

(1.80%) 2.38% 12.62% 5.19% - 7.50% 7.57% (8.57%)Jul 11 - Sep 11

BEACONLIGHT OFFSHORE FUND LTDEd Bosek

31 Dec 09 Q $58MJul 13

122.45 13 Sep13

2.05% 11.18% 6.8% -5.78% 9.44% 5.62% 9.20% (15.02%)Mar 11 - Sep 11

BROOKFIELD GLOBAL LISTED INFRASTRUCTURESEC. OFFSHORE FUNDBrookfield Investment Management Inc.

30 Apr 08 M $130MFeb 13

190.67 31 Aug13

(1.02%) 3.65% 16.99% 5.17% 17.13% 12.85% 14.08% (22.19%)Apr 08 - Nov 08

DUET GLOBAL FUND PLUSJason McNab

31 Jul 10 M $570MFeb 13

129.95 31 Aug13

(0.18%) 2.04% 11.05% 8.05% 6.14% 8.85% 3.39% (0.87%)Jun 11 - Aug 11

EGERTON EUROPEAN DOLLAR CLASS -B1-John C. Armitage

30 Nov 94 M $1'977MAug 13

140.90 20 Sep13

4.39% 19.41% 13.67% -4.92% 15.79% 15.38% 10.20% (29.28%)Oct 07 - Jan 09

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

28 Feb 06 W €277MJun 13

17,322.17 24 Sep13

(0.17%) 0.01% 0.77% 0.49% 2.31% 5.43% 3.14% (2.89%)Apr 11 - May 12

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

30 Sep 11 Q $303MAug 13

1,171.20 20 Sep13

5.20% 11.07% 13.1% -6.77% 8.33% 6.90% (6.77%)Sep 11 - Dec 11

HORSEMAN GLOBAL FUND USDRussell Clark

31 Jan 01 M $121MMay 13

496.50 25 Sep13

(1.86%) 12.59% 16.28% -2.98% 5.44% 13.50% 16.28% (33.75%)Feb 09 - Jun 10

KINSALE COMPASS FUNDPeter A Kinney

31 Oct 11 M €125MAug 13

130.76 31 Aug13

0.48% 10.03% 16.75% 1.79% 15.73% 4.18% (2.10%)Apr 12 - May 12

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

31 Jul 01 M $6'753MAug 13

543.36 20 Sep13

2.66% 19.70% 17.87% -20.07% 8.78% 14.95% 10.77% (20.07%)Dec 10 - Dec 11

LAZARD GLOBAL HEXAGON FUNDJean-Daniel Malan

31 May 10 M $110MAug 13

126.27 20 Sep13

0.90% 9.23% 13.45% -2.08% 3.01% 6.97% 5.06% (7.43%)May 11 - Sep 11

M. KINGDON OFFSHORE NV - A/1Mark Kingdon

28 Feb 86 Q $1'273MAug 13

143.73 20 Sep13

3.19% 16.74% 11.78% -18.03% 8.5% 15.06% 12.81% (30.15%)Sep 87 - Oct 87

MARSHALL WACE - MW EUREKA A1 EURPaul Marshall

07 Jan 98 M $3'876MJul 13

365.78 24 Sep13

0.96% 13.33% 7.45% 9.74% 7.91% 13.33% 9.23% (23.24%)Oct 07 - Oct 08



InceptionDates

Liquidity AssetSize

Last NAV orIndex



10.70%

MARSHALL WACE - MW GLOBAL OPPORTUNITIES AUSDFehim Sever

28 Feb 09 M $1'314 MJul 13

211.78 24 Sep13

(0.12%) 7.52% 6.83% 27.16% 8.04% 17.83% 10.24% (4.94%)Nov 11 - Jan 12

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

28 Feb 95 M $2'670MMar 13

1,267.84 20 Sep13

0.04% 9.92% 15.46% -14.85% 11.38% 12.15% 11.59% (30.04%)May 08 - Nov 08

MS ASCEND UCITS FUND CLASS I EURMalcolm Fairbairn

30 Apr 11 W $126MJul 13

989.00 17 Sep13

1.75% 6.56% -0.14% -7.06% (0.46%) 4.04% (7.23%)May 11 - Dec 12

NEVSKY FUND PLC (COMPOSITE)Martin Taylor and Nick Barnes

30 Sep 00 M $999MApr 13

1,180.89 06 Sep13

1.41% 5.32% 14.61% 0.62% 10.27% 21.02% 14.24% (22.14%)Oct 07 - Feb 09

PASSPORT GLOBAL STRATEGY FUNDJohn Burbank

31 Jul 00 Q $1'300MJun 13

976.02 31 Aug13

(0.20%) 19.29% 11.08% -18.74% 18.26% 19.01% 26.95% (52.74%)Jun 08 - Dec 08

PASSPORT LONG SHORT STRATEGY FUNDJohn Burbank, Tim Garry

30 Jun 10 M $541MMay 13

137.37 31 Aug13

(0.20%) 16.52% 12.13% -7.19% 13.28% 10.52% 8.88% (10.06%)Apr 11 - Dec 11

PLATINUM FUND LTDKerr Neilson

31 May 94 M $504MJul 13

85.50 20 Sep13

5.43% 15.07% 17.44% -13.51% 5.19% 11.75% 12.34% (30.48%)Oct 07 - Feb 09

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

31 Dec 93 M $450MOct 12

551.11 20 Sep13

5.88% 22.55% 1.03% -24.27% -11.82% 12.37% 21.23% (50.10%)Apr 08 - Aug 12

STANDARD PACIFIC CAPITAL -B-Doug Dillard and Raj Venkatesan

30 Sep 95 Q $649MAug 13

457.08 31 Aug13

(2.13%) 7.89% -4.66% -5.24% 8.56% 8.84% 8.14% (15.87%)Jul 11 - Nov 12

STK CAPITAL GLOBAL EQUITIESDaniel Grozdea

30 Nov 10 M $102MJul 13

117.20 31 Aug13

(1.35%) 4.11% 9.35% -1.64% 4.67% 5.93% 7.69% (8.80%)Apr 11 - Sep 11

Equity-Diversified/JapanYtd Avg. 2013

25.04%

ALPHAGEN HOKUTO FUND LTD - CLASS AJohn Stewart & Robert Tull

31 Oct 00 M $268MAug 13

208.45 20 Sep13

0.88% 7.12% -1.01% 0.13% 7.8% 5.86% 4.32% (4.80%)May 11 - Aug 12

ARCUS JAPAN FUND -JPY-Robert Macrae

31 Mar 99 D $41MJun 13

38,966.00 25 Sep13

3.86% 22.60% 19.15% -4.68% 14.32% 9.84% 15.56% (45.94%)Feb 07 - Feb 09

BLUE SKY JAPAN LTD - CLASS AMichael Hill

30 Jun 00 M $22MApr 13

182.88 31 Aug13

0.00% 36.77% -28.05% -23.24% 4.68% 3.74% 23.83% (72.33%)Dec 05 - Dec 12

HENDERSON JAPAN ABS RETURN FD, LTDWilliam Garnett and Jeremy Hall

30 Jun 00 M $295MAug 13

246.99 13 Sep13

2.82% 15.82% -0.58% -8.58% 9.24% 7.08% 10.05% (19.05%)Feb 11 - Aug 12

MARATHON VERTEX JAPAN FD, LTD CLASS BWilliam Arah

31 May 03 Q $451MJul 13

2,395.30 20 Sep13

5.19% 19.16% 4.89% 0.59% -0.21% 8.84% 8.47% (11.76%)Jun 09 - Oct 10

MARTIN CURRIE ARF - JAPAN FUNDJohn-Paul Temperley

30 Jun 00 M $184MAug 13

22.01 23 Sep13

4.74% 24.17% 4.23% -8.4% 6.63% 6.14% 8.31% (15.76%)Apr 10 - May 12

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

30 Sep 03 M $12MOct 12

167.13 20 Sep13

9.40% 49.66% 31.05% -8.33% -4.22% 5.61% 20.95% (35.57%)Mar 08 - Jul 10



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Equity-Diversified/UKYtd Avg. 2013

16.97%

ALPHAGEN OCTANIS CLASS ABen Wallace & Luke Newman

28 Feb 05 M $182MAug 13

232.14 20 Sep13

2.13% 14.20% 3.87% -0.47% 3.63% 10.33% 6.33% (10.72%)May 07 - Mar 08

BLACKROCK UK EQUITY HEDGE FUNDNigel Ridge & Imran Sattar

30 Apr 05 M $417MAug 13

189.91 20 Sep13

0.58% 2.35% 4.27% 2.48% 6.49% 7.94% 5.91% (11.70%)Jun 08 - Oct 08

PEGASUS UCITS FUNDDavid Yarrow, Angus Donaldson

30 Sep 10 M $100MApr 13

134.02 20 Sep13

3.28% 34.35% -0.65% -3.41% 3.95% 10.34% 11.64% (10.49%)Jun 11 - Sep 11

Equity-Diversified/USAYtd Avg. 2013

15.04%

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

31 Jan 93 M $521MDec 12

1,161.09 20 Sep13

2.11% 15.75% 3.85% -6% 23.19% 12.61% 19.31% (44.44%)May 08 - Dec 08

ALLIANCE BERNSTEIN SELECT US EQUITY LONGSHORTKurt Feuerman

30 Nov 99 Y / Q $117MJun 13

4,228.17 24 Sep13

1.98% 10.51% 6.17% 0.81% 8.13% 10.99% 7.24% (9.98%)May 08 - Feb 09

ALYDAR FUND LTDJohn Murphy

28 Feb 03 Q $361MDec 12

217.76 31 Aug13

1.00% 14.51% -1.07% -0.68% 3.16% 7.68% 4.68% (6.49%)Jun 11 - May 12

ALYSHEBA FUND LIMITEDJohn A. Murphy, Philip C. Furse

31 Mar 05 Q $410MMay 13

2,845.43 20 Sep13

1.10% 14.84% 2.83% 2.51% 5.24% 13.12% 12.89% (25.80%)May 08 - Nov 08

ASCEND PARTNERS FUND II LTD - AMalcolm Fairbairn

31 Jan 04 Q $478MMay 13

187.82 20 Sep13

1.91% 6.55% 3.48% -2.86% 2.94% 6.75% 4.40% (5.23%)Apr 11 - Dec 11

BAY RESOURCES PARTNERS OFFSHORE FUNDThomas Claugus

31 Jul 98 M $2'464MAug 13

8,998.86 31 Aug13

(4.20%) 7.01% 9.24% -6.89% 17.35% 15.67% 16.36% (39.02%)May 08 - Feb 09

BCM WESTON LPBillings Capital Management LLC

31 Jan 08 M $49 MJun 13

209.43 20 Sep13

6.31% 35.76% 15.2% -8.95% 20.64% 14.00% 10.36% (13.70%)Mar 11 - Sep 11

CASTLEROCK FUND LTDPaul Tanico

31 Aug 96 Q $108MJan 13

673.37 31 Aug13

(0.03%) 4.57% -3.82% -23.84% 11.81% 11.86% 17.04% (37.70%)May 01 - Feb 03

COBALT OFFSHORE LTDWayne Cooperman

31 Dec 96 Q $785MAug 13

738.94 31 Aug13

(1.09%) 4.89% 4.49% -0.66% 5.96% 12.74% 8.20% (19.53%)Apr 98 - Sep 98

ELM RIDGE CAPITAL PARTNERS L.P.Ronald Gutfleish

31 Dec 99 Q $638MAug 13

523.76 31 Aug13

(1.30%) 20.31% -14.08% 0.7% 1.76% 12.87% 13.21% (19.41%)Apr 10 - Nov 12

EMINENCE FUND LTD A INITIAL SERIESRicky C. Sandler

31 Dec 98 Q $3'342MAug 13

635.83 20 Sep13

3.60% 8.90% 23.83% 1.29% -1.83% 13.38% 9.69% (19.99%)Dec 07 - Dec 08

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

31 Dec 00 Q $3'123MAug 13

580.11 31 Aug13

(0.78%) 30.71% 24.24% -10.95% 14.22% 14.88% 16.62% (49.17%)May 07 - Dec 08

HIGHBRIDGE LONG/SHORT EQUITY FUND, LTDAlex McAree

30 Apr 04 Q $336MMay 13

2,155.53 20 Sep13

0.16% 12.20% 11.02% -12.64% 5.34% 8.52% 10.15% (21.12%)Mar 11 - Sep 11

INVICTA OFFSHORE FUND LTDJames Alpha LLC

31 Dec 09 M $295MMay 13

156.06 31 Aug13

0.70% 7.76% -3.28% 10.18% 35.9% 12.90% 9.80% (10.11%)Mar 12 - Apr 13



InceptionDates

Liquidity AssetSize

Last NAV orIndex



15.04%

IVORY CAPITAL ENHANCED STRATEGYCurtis Macnguyen

30 Apr 05 Q $864MJul 13

220.26 20 Sep13

2.27% 19.62% 16.41% -4.37% 4.65% 9.86% 10.96% (24.93%)May 08 - Dec 08

IVORY CAPITAL FLAGSHIP STRATEGYCurtis Macnguyen

30 Nov 98 Q $1'013MAug 13

3,991.98 20 Sep13

1.42% 11.88% 10.5% -3.54% 2.12% 9.79% 6.03% (12.61%)May 08 - Nov 08

KINETICS FUND, INC - A/APeter B. Doyle

31 Jan 01 M $136MAug 13

3,153.99 20 Sep13

5.54% 27.34% 27.42% -14.83% 30.8% 9.51% 22.43% (76.20%)Oct 07 - Feb 09

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

31 Jan 04 M $50MOct 12

261.28 31 Aug13

(1.90%) 13.18% 5.79% -3.04% 3.66% 10.53% 6.56% (9.59%)Apr 11 - Sep 11

MARLIN FUND LPMichael Masters

30 Jun 95 M $387MAug 13

8,822.05 31 Aug13

(1.90%) 42.45% 31.53% -17.77% 41.63% 27.94% 25.86% (60.15%)Oct 07 - Feb 09

OMEGA OVERSEAS PARTNERS, LTD CLASS ALeon Cooperman

31 Dec 91 M $2'100MJul 13

853.31 31 Jul 13 4.08% 15.66% 25.66% -2.97% 14.65% 10.44% 14.80% (42.55%)May 07 - Feb 09

RENAISSANCE INSTITUTIONAL EQUITIES LP (B)Renaissance Technologies LLC

31 Jul 05 M $1'779MJul 13

176.22 20 Sep13

3.01% 8.14% 8.29% 34.12% 15.32% 7.20% 10.11% (35.73%)May 07 - Apr 09

RWC US ABSOLUTE ALPHA FUND - CLASS BMike Corcell

30 Sep 09 D $123MJul 13

120.15 24 Sep13

1.44% 8.55% 16.32% -2.25% -4.56% 4.72% 5.33% (9.19%)Apr 10 - Dec 11

SAB OVERSEAS FUND LTDScott Bommer

31 Jul 00 3Q / Q $320MDec 12

425.52 31 Aug13

0.40% 7.98% 21.5% -0.71% 6.69% 11.69% 11.21% (17.57%)Mar 10 - Aug 10

SEMINOLE OFFSHORE FUNDMichael G. Messner, Paul C. Shiverick

31 May 98 Q $1'091MAug 13

693.88 20 Sep13

3.20% 16.98% 5.08% -0.7% 9.85% 13.48% 12.73% (15.62%)May 02 - Mar 03

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

31 May 87 Q $1'388MMay 13

93,179.04 31 Aug13

(2.03%) 9.91% -1.18% -2.37% 0.43% 14.66% 15.15% (50.23%)Feb 00 - Dec 02

Equity-EnergyYtd Avg. 2013 28.38%

Equity-Energy/USAYtd Avg. 2013

28.38%

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

31 Oct 00 M $249MJul 13

55.03 20 Sep13

5.86% 28.38% -6.43% -1.27% 16.12% 14.14% 21.28% (49.55%)Jun 08 - Dec 08

Equity-FinancialYtd Avg. 2013 10.75%

Equity-Financial/GlobalYtd Avg. 2013

10.75%

LANSDOWNE GLOBAL FINANCIALS FUND LTD.-N-USDWilliamde Winton

30 Jun 04 M $1'056MAug 13

304.25 20 Sep13

4.09% 14.19% 17.78% -20.82% -1.55% 12.81% 13.62% (26.25%)Apr 10 - May 12



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Equity-Financial/GlobalYtd Avg. 2013

10.75%

MARSHALL WACE - MW GLOBAL FINANCIALS M/N AUSDAmit Rajpal

31 Oct 08 M $388MJan 13

122.80 24 Sep13

(0.71%) 0.33% -0.75% 3.21% 7.64% 4.28% 5.67% (8.01%)Nov 11 - Aug 12

TOSCA CLASS A - USDJohnny de la Hey

30 Sep 00 M $600MApr 13

257.69 12 Sep13

3.46% 17.74% 24.94% 1.14% 10.31% 7.58% 17.53% (67.54%)Dec 07 - Nov 08

Equity-HealthcareYtd Avg. 2013 19.26%

Equity-Healthcare/GlobalYtd Avg. 2013

19.26%

CCI HEALTHCARE PARTNERS LTDOliver Marti, CCI Healthcare Partners

31 Dec 00 M $843MAug 13

307.29 31 Aug13

(0.85%) 16.78% 6.56% 3.99% 3.71% 9.26% 8.34% (17.89%)Oct 07 - Sep 08

JENOP GLOBAL HEALTHCARE FUND LTD SERIES ADavid Chan

31 Oct 12 W $147MJul 13

12.40 20 Sep13

3.90% 24.60% -0.45% 27.47% 7.18% (0.55%)Nov 12 - Dec 12

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

31 Jan 10 W $350MAug 13

132.72 24 Sep13

2.82% 20.70% 5.51% 2.72% 1.46% 8.07% 8.63% (8.67%)Mar 10 - Aug 10

VISIUM INSTITUTIONAL PARTNERS FUND LTDJacob Gottlieb, Visium Asset Management

31 May 10 Q $109MApr 13

121.11 20 Sep13

1.55% 14.95% 5.73% 1.28% -1.61% 5.96% 6.03% (5.86%)Apr 11 - Sep 11

Equity-Mid-Small CapYtd Avg. 2013 10.06%

Equity-Mid-Small Cap/EuropeYtd Avg. 2013

9.00%

ENNISMORE EUROPEAN SMALLER COMPANIESGeoff Oldfield

30 Nov 99 M €63MAug 13

354.79 19 Sep13

1.94% 12.74% 9.65% 11.36% 23.12% 12.33% 10.83% (34.24%)Jul 07 - Apr 09

POLAR CAPITAL EUROPEAN FORAGER FUND LTD -AXRob Gurner

31 Jul 03 M €408MJun 13

290.85 20 Sep13

0.03% 5.25% 11.93% 2.39% 10.46% 11.09% 7.45% (21.47%)Oct 07 - Feb 09

Equity-Mid-Small Cap/GlobalYtd Avg. 2013

(26.64%)

RAB SPECIAL SITUATION FD LTDPhilip Richards

31 Jul 03 Q $22MMay 13

438.93 13 Sep13

(0.90%) (26.64%) -27.94% -17.75% -7.59% 2.12% 35.34% (88.75%)Jul 07 - Jul 13

Equity-Mid-Small Cap/UKYtd Avg. 2013

8.44%

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

30 Apr 02 M $531MAug 13

475.22 20 Sep13

2.96% 8.44% 12.7% 1.02% 12.33% 14.65% 8.51% (11.36%)Jun 08 - Dec 08



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Equity-Mid-Small Cap/USAYtd Avg. 2013

20.18%

GREENLIGHT CAPITAL OFFSHORE, LTD - A/1David Einhorn

30 Sep 96 Q $8'203MJan 13

148,611.89 31 Aug13

0.98% 11.02% 7.66% 1.86% 12.47% 17.28% 10.92% (27.17%)May 08 - Oct 08

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

31 Aug 01 Q $29MDec 12

2,387.45 20 Sep13

2.98% 6.65% 13.2% -1.64% 14.64% 7.48% 13.06% (47.07%)May 07 - Feb 09

HARBOUR HOLDINGS LTDCharles A. Paquelet

31 Dec 85 M $236MAug 13

158.74 13 Sep13

3.00% 16.60% 14.64% -1.07% 20.45% 18.51% 23.38% (49.05%)May 07 - Feb 09

SENVEST PARTNERS, LTD - CLASS ARichard Mashaal

31 Mar 97 Q $299MJul 13

1,888.95 31 Aug13

0.40% 46.44% 34.81% -33.96% 39.59% 19.58% 38.26% (70.55%)Feb 00 - Sep 02

Equity-Pharma-BiotechYtd Avg. 2013 26.08%

Equity-Pharma-Biotech/USAYtd Avg. 2013

26.08%

PERCEPTIVE LIFE SCIENCES OFFSH FUND, LTDJoseph Edelman

31 Dec 99 M $865MJun 13

2,220.11 20 Sep13

5.19% 51.88% 28.09% 5.82% 16.94% 25.33% 26.06% (25.67%)Feb 00 - May 00

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

30 Jun 01 M $103MDec 12

1,909.29 31 Aug13

(2.61%) 13.00% 13.88% -8.27% 2.58% 5.45% 11.34% (32.70%)Oct 07 - Feb 09

VISIUM BALANCED OFFSHORE FUND CL 2Jacob Gottlieb

31 Oct 05 Y/Q $2'556MJul 13

236.62 20 Sep13

1.57% 13.36% 10.31% 1.89% 24.51% 11.53% 8.82% (15.79%)Aug 08 - Dec 08

Equity-Real EstateYtd Avg. 2013 9.16%

Equity-Real Estate/GlobalYtd Avg. 2013

9.16%

BROOKFIELD GLOBAL REITS LONG SHORTSTRATEGYJason Baine and Bernhard Krieg

30 Nov 04 M $188MMar 13

439.19 31 Jul 13 1.30% 9.16% 40% -18.96% 30.83% 18.61% 28.10% (54.37%)May 07 - Feb 09

Equity-TechnologyYtd Avg. 2013 2.07%

Equity-Technology/GlobalYtd Avg. 2013

1.83%

EXANE ARCHIMEDES FUND CLASS A CAPGilles Lenoir and César Zeitouni

30 Sep 06 W €362MAug 13

15,417.43 24 Sep13

1.23% 1.83% -0.19% 3.99% 6.82% 6.39% 4.79% (5.10%)Nov 11 - May 12



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Equity-Technology/USAYtd Avg. 2013

2.32%

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

31 Dec 06 M $215MApr 13

309.42 31 Aug13

(2.11%) 2.32% 0.65% -0.21% 8.34% 6.75% 12.33% (19.91%)May 08 - Nov 08

Equity-UtilityYtd Avg. 2013 3.31%

Equity-Utility/EuropeYtd Avg. 2013

3.31%

CYGNUS UTILITIES, INFRASTRUCTURE &RENEWABLESCygnus Asset Management

30 Apr 06 M $270MSep 13

1,799.08 31 Aug13

0.48% 3.31% 10.88% -2.7% -2.51% 8.33% 7.96% (10.69%)Nov 09 - Aug 11



InceptionDates

Liquidity AssetSize

Last NAV orIndex




17.22%

MARCATO INTERNATIONAL LTDRichard McGuire, Marcato Capital Management LLC

30 Sep 10 Q $1'598MAug 13

154.24 31 Aug13

(1.80%) 17.22% 28.67% -4.16% 6.71% 15.99% 12.66% (17.63%)Mar 11 - Sep 11

Multi-StrategyYtd Avg. 2013 14.78%

Multi-Strategy/AsiaYtd Avg. 2013

11.06%

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

31 Mar 06 Q $260MAug 13

1,295.63 20 Sep13

1.74% 11.06% 10.8% -6.59% 13.47% 10.50% 14.60% (34.54%)Oct 07 - Dec 08

Multi-Strategy/EmergingYtd Avg. 2013

(4.43%)

MONEDA ABSOLUTE RETURN LTD SUB CLASS1/SIES1Juan Luis Rivera

31 Jan 07 Q $108MDec 12

1,235.17 31 Aug13

(5.58%) (4.43%) 5.49% -16.4% 12.86% 3.26% 12.83% (29.89%)Jun 08 - Dec 08

Multi-Strategy/EuropeYtd Avg. 2013

9.24%

MLIS - OZ EUROPE UCITS FUND CLASS B EURDavid Windreich, Och-Ziff Capital Management Group

31 Mar 11 D €216MAug 13

110.34 24 Sep13

1.25% 9.24% 10.74% -8.79% 4.03% 6.71% (10.96%)Apr 11 - Nov 11

Multi-Strategy/GlobalYtd Avg. 2013

16.36%

AG SUPER FUND INTERNATIONAL, LTDMichael Gordon & Dave Kamin

30 Apr 93 Y $603MMay 13

1,608.17 20 Sep13

0.75% 10.66% 13.67% -2.62% 13.42% 10.01% 5.48% (24.78%)Jun 07 - Dec 08

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

31 Oct 95 Q $7'159MJul 13

454.96 20 Sep13

0.57% 7.75% 8.13% 1.38% 10.02% 8.83% 3.78% (10.87%)Oct 07 - Nov 08

KG INVESTMENT FUND LLCKG Funds Management LLC

31 Dec 08 Q $79MJul 13

233.81 31 Aug13

3.69% 14.61% 21.93% 12.4% 16.46% 19.95% 15.16% (20.31%)Dec 08 - Feb 09

MLIS - YORK EVEN DRIVEN UCITS E CAP EURYork Ucits Holdings ,llc

31 Dec 10 D $275MAug 13

116.04 24 Sep13

2.85% 14.63% 5.44% -5.32% - 5.05% 9.66% (15.14%)Apr 11 - Sep 11

OWL CREEK OVERSEAS FUND, LTDJeffrey Altman

31 Jan 02 Y $3'112MMar 13

4,478.80 20 Sep13

2.10% 32.12% 11.07% -15.44% 2.36% 13.74% 13.16% (20.92%)Mar 10 - Sep 11

PAULSON ADVANTAGE LTD -A-John Paulson

31 Mar 04 Q $1'790MFeb 13

241.93 31 Aug13

1.86% 9.94% -14.23% -35.96% 10.95% 9.83% 15.13% (47.71%)Feb 11 - Nov 12

PAULSON ADVANTAGE PLUS LTDJohn Paulson

31 Dec 04 Q $2'624MFeb 13

252.23 31 Aug13

2.82% 14.11% -21.5% -52.64% 17.13% 11.26% 23.10% (65.24%)Feb 11 - Feb 13



InceptionDates

Liquidity AssetSize

Last NAV orIndex



16.36%

PAULSON RECOVERY FUND LTDJohn Paulson

31 Oct 08 Y $1'503MFeb 13

154.35 31 Aug13

(0.98%) 31.17% 5.25% -27.92% 23.78% 9.39% 20.37% (35.13%)Apr 11 - Sep 11

PERRY PARTNERS INTERNATIONAL INC CLASS -1 -TN ARichard Perry

30 Sep 93 Q / 2Y $5'765MJul 13

959.93 20 Sep13

2.04% 13.35% 15.61% -7.14% 15.12% 11.98% 7.25% (25.65%)Oct 07 - Nov 08

PERSHING SQUARE INTL.LTDWilliam Ackman

31 Dec 04 Y/Q $4'700MAug 13

3,443.15 13 Sep13

1.10% 1.14% 12.39% -2.03% 21.68% 15.26% 14.03% (20.35%)Jan 08 - Feb 09

REVELATION SPECIAL SITUATIONS FUND LTDChris Kuchanny

28 Feb 05 M $134MJun 13

1,953.68 31 Aug13

1.01% 4.32% 2.38% -6.61% 11.95% 8.19% 5.84% (11.71%)May 11 - Apr 12

SFP VALUE REALIZATION FUNDGreg McEntyre

31 Oct 03 Q $251MAug 13

302.28 13 Sep13

5.48% 55.69% 44.54% 7.42% 18.93% 11.85% 19.76% (55.47%)Jan 06 - Oct 10

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

31 Dec 01 Q $852MJul 13

1,035.26 20 Sep13

2.09% 21.68% 9.11% -1.73% 24.19% 22.05% 14.61% (21.93%)Feb 08 - Apr 09

SOMERSET SPECIAL OPPORTUNITIES FUND LPRobert Feingold

31 Jul 07 Q $247MMar 13

182.52 31 Aug13

(1.43%) 8.50% 11.33% -1.25% 18.7% 10.38% 11.43% (25.61%)Aug 08 - Mar 09

TRIAN PARTNERS LTDNelson Peltz, Peter May & Ed Garden

31 Dec 05 Q $1'692MJun 13

173.79 31 Aug13

0.04% 24.27% 0.9% 3.98% 17.92% 7.47% 13.68% (30.56%)May 07 - Feb 09

TYRUS CAPITAL EVENT FUND LTDTony Chedraoui

31 Oct 09 Q $889MAug 13

138.34 20 Sep13

3.28% 11.30% 6.77% -0.22% 11% 8.70% 6.38% (7.95%)Feb 11 - Sep 11

TYRUS CAPITAL OPPORTUNITIES FUND LTDTony Chedraoui

31 Mar 11 Q $575MAug 13

112.68 20 Sep13

3.23% 9.78% 7.59% -4.6% 4.93% 6.23% (6.43%)Mar 11 - Sep 11

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

28 Feb 94 Q $2'600MJan 13

8,091.69 20 Sep13

1.33% 9.44% 13.73% -7.34% 7.39% 11.27% 8.92% (29.86%)Oct 07 - Feb 09



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Fixed IncomeYtd Avg. 2013 3.38%

Fixed Income/GlobalYtd Avg. 2013

3.38%

BLACKROCK FIXED INCOME GLOBAL ALPHA FUNDTim Webb

30 Sep 06 M $5'148MJul 13

201.86 23 Sep13

(0.31%) 3.82% 14.73% 19.93% 11.13% 10.58% 5.53% (10.54%)Jun 08 - Dec 08

BLACKROCK OBSIDIAN FUNDStuart Spodek

30 Jun 96 M $920MAug 13

6,255.67 20 Sep13

1.00% 4.87% 34.27% -13.5% 28.71% 11.22% 9.38% (20.93%)Jan 08 - Feb 09

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

30 Sep 05 Q $5'494MSep 13

221.17 20 Sep13

1.00% 6.70% 0.43% 6.21% 9.57% 10.46% 4.82% (7.41%)Feb 08 - Mar 08

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

31 Oct 01 M $252MJul 13

38,101.28 20 Sep13

(0.80%) (1.21%) -1.12% 5.89% 8.71% 11.90% 14.68% (22.46%)Feb 08 - Mar 08

III FUND LTDCliff G Viner

30 Jun 93 M $101MJun 13

3,803.08 20 Sep13

0.25% 10.31% 11.83% 9.03% 18.53% 6.82% 11.21% (54.77%)Jan 08 - Nov 08

III RELATIVE VALUE CREDIT STRATEGIES FUND LTDGarth Friesen

31 Oct 05 M $121MJun 13

1,743.39 20 Sep13

0.20% 6.23% 10.22% 10.36% 16.34% 7.30% 8.46% (31.27%)Nov 07 - Dec 08

KAMUNTING STREET OFFSHORE FUND LTDAllan Teh

30 Apr 04 Q $761MJul 13

237.39 20 Sep13

0.50% 5.18% 17.5% -6.2% 24.02% 9.64% 12.86% (38.39%)Oct 07 - Nov 08

KLS DIVERSIFIED FUND LTDJeff Kronthal ; Harry Lengsfield ; John Steinhardt

31 Jul 08 Q $1'384MAug 13

151.28 31 Aug13

0.18% (0.21%) 7.35% 4.85% 11.64% 8.48% 3.42% (4.10%)Apr 13 - Jul 13

LONDON DIVERSIFIED FUND, LTD - DRobert Standing

31 May 95 Q $123MAug 13

4,581.26 20 Sep13

0.50% (0.04%) 4.86% 3.75% 7.55% 8.66% 6.66% (28.95%)Jan 08 - Dec 08

MKP PARTNERS OFFSHORE LTDRichard Lightburn & Patrick McMahon

29 Feb 96 Q $100MAug 13

375.86 20 Sep13

0.70% 0.19% 7.73% 10.97% 11.38% 7.83% 10.24% (41.67%)May 98 - Oct 98

PELAGUS CAPITAL FUNDBruno Usai

31 Dec 07 M $710MAug 13

207.13 20 Sep13

0.55% 4.81% 4.47% 2.27% 12.17% 13.56% 5.84% (4.14%)Apr 11 - Aug 11

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

31 Mar 02 Q $3'061MAug 13

2,305.49 31 Aug13

(1.00%) (0.94%) 12.01% 1.82% 11.39% 7.58% 8.79% (25.88%)May 08 - Nov 08

PINE RIVER FIXED INCOME FUND LTDSteve Kuhn

31 Jan 08 Q $3'587MAug 13

571.37 20 Sep13

0.52% 8.32% 34.85% 4.77% 31.84% 36.20% 9.49% (8.83%)Jul 11 - Oct 11

PINE RIVER LIQUID MORTGAGE FUND LTDJiayi Chen, Steve Kuhn

31 Aug 10 M $863MAug 13

149.33 20 Sep13

1.79% (0.05%) 28.86% 7.19% 8.17% 14.01% 7.12% (4.53%)Feb 13 - Jun 13

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

31 Jan 06 Q $2'320MSep 13

1,931.82 20 Sep13

0.28% 2.70% 6.02% 8.37% 6.65% 9.00% 3.61% (1.84%)May 13 - Aug 13



InceptionDates

Liquidity AssetSize

Last NAV orIndex


ArbitrageYtd Avg. 2013 2.78%

Arbitrage/GlobalYtd Avg. 2013

2.78%

HSBC MAA FUND USDHSBC Alternative Investments Limited

15 Jun 95 Q / M $96MAug 13

206.20 31 Aug13

(0.20%) 2.78% 4.21% -3.61% 2.91% 4.05% 4.79% (25.30%)Jul 07 - Dec 08

Event DrivenYtd Avg. 2013 5.36%

Event Driven/GlobalYtd Avg. 2013

5.36%

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

31 Dec 01 Q $266MOct 12

2,315.77 20 Sep13

0.51% 4.18% 5.91% -12.46% 6.14% 7.42% 6.77% (23.23%)Jun 08 - Dec 08

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

31 May 09 Q $60MAug 13

112.47 31 Aug13

0.28% 4.88% 8.74% -7.47% 17.52% 5.27% 6.50% (9.16%)Feb 11 - Dec 11

HSBC SPECIAL OPPORTUNITIES FUND LTDHSBC Alternative Investments Limited

28 Feb 07 Q $79MAug 13

121.24 31 Aug13

(0.27%) 7.01% 20.63% -3.5% 0.85% 3.00% 10.42% (35.45%)Jun 08 - Mar 09

Long/ShortYtd Avg. 2013 5.15%

Long/Short/AsiaYtd Avg. 2013

5.15%

HSBC ASIAN ADVANTEDGE FUNDHSBC Alternative Investments Limited

30 Jun 02 M $31MAug 13

177.89 31 Aug13

(0.29%) 5.15% 2.01% -11.59% 2.66% 5.29% 8.15% (24.73%)Dec 07 - Nov 08

MacroYtd Avg. 2013 7.43%

Macro/GlobalYtd Avg. 2013

7.43%

MASTERS FUND LTD MAGNOLIA SERIESSean M. Doyle

31 Dec 96 Q $328MApr 13

4,985.54 20 Sep13

0.14% 7.43% 1.49% -0.36% 7.1% 10.08% 8.71% (9.96%)Jul 98 - Oct 98




InceptionDates

Liquidity AssetSize

Last NAV orIndex



4.06%

DIAMOND CAPITAL MANAGEMENTElchanan Jaglom, Daniel Jaglom

31 Oct 02 Q $197MMar 13

170.05 31 Aug13

(0.86%) 5.11% 2.61% -1.97% 4.05% 5.02% 4.36% (14.18%)Jun 08 - Dec 08

GAM DIVERSITY I INC - US$ CLASSDavid Smith

31 Dec 89 M $487MMar 13

733.88 23 Sep13

2.06% 7.37% 6.67% -3.44% -2.55% 8.76% 7.97% (19.64%)Jan 94 - Jan 95

GAM DIVERSITY II INC - US$ CLASSDavid Smith

31 Jul 98 M $45MMar 13

223.51 23 Sep13

2.06% 7.26% 6.54% -3.66% -3.4% 5.45% 7.35% (18.79%)Oct 07 - Dec 11

GAM TRADING II USDDavid Smith, Arvin Soh

30 Apr 97 M $2'364MMay 13

324.97 23 Sep13

0.19% (1.56%) 2.83% -4.11% 5.97% 7.45% 5.83% (5.93%)Apr 13 - Aug 13

HSBC GH FUND USDHSBC Alternative Investments Limited

31 May 96 M $1'561MAug 13

302.69 31 Aug13

(0.92%) 3.72% 5.4% -3.37% 4.68% 6.63% 6.41% (18.30%)Jun 08 - Dec 08

HSBC HEDGE INVESTMENTS FUNDHSBC Alternative Investments Limited

28 Feb 02 Q $4MJul 13

158.65 31 Aug13

(0.84%) 3.72% 5.97% -2.72% 5.33% 4.09% 4.96% (17.63%)Jun 08 - Dec 08

HSBC LEVERAGED GH FUNDHSBC Republic Investment Limited

30 Nov 04 M $1'561MAug 13

135.60 31 Aug13

(2.02%) 5.94% 8.72% -8.76% 7.18% 3.54% 11.87% (37.09%)Jun 08 - Dec 08

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

30 Sep 11 M $47MAug 13

102.30 31 Aug13

(0.99%) 1.89% 1.98% -1.55% 1.19% 3.95% (4.45%)Feb 12 - Sep 12

HSBC UCITS ADVANTEDGE FUND -USD CLASSHsbc Alternative Inv. Ltd

31 Oct 09 W €80MAug 13

96.32 18 Sep13

1.16% 3.08% 1.38% -7.51% -0.37% (0.95%) 3.59% (8.81%)Apr 10 - Dec 11

TradingYtd Avg. 2013 (11.09%)

Trading/GlobalYtd Avg. 2013

(11.09%)

HSBC TRADING ADVANTEDGE FUNDHSBC Alternative Investments Limited

31 Oct 05 M $183MAug 13

126.33 31 Aug13

(3.37%) (11.09%) -5.39% -1.62% 8.82% 3.03% 10.03% (20.49%)Apr 11 - Aug 13



InceptionDates

Liquidity AssetSize

Last NAV orIndex




(0.06%)

RUSSIAN PROSPERITY FUND - AAlexander Branis

31 Aug 96 W $1'500MSep 13

229.83 19 Sep13

9.07% (0.06%) 20.19% -18.03% 47.56% 20.38% 45.01% (90.26%)Jul 97 - Jan 99


28.59%

PASSPORT SPECIAL OPPORTUNITIES FUND LTDCLASS AAJohn Burbank

30 Apr 08 H-Y $375MJul 13

170.07 31 Aug13

(2.30%) 28.59% -5.67% -19.91% 72.77% 10.46% 28.35% (43.24%)Jun 08 - Nov 08



InceptionDates

Liquidity AssetSize

Last NAV orIndex


CommodityYtd Avg. 2013 5.93%

Commodity/GlobalYtd Avg. 2013

5.93%

ANDURAND COMMODITIES FUNDPierre Andurand

31 Jan 13 M $310MAug 13

1,115.94 31 Aug13

(2.80%) 40.40% 79.34% 18.74% (2.80%)Jul 13 - Aug 13

ARMAJARO COMMODITIES FUND CLASS -A-John Tilney

31 Mar 04 M $979MAug 13

235.57 20 Sep13

(0.52%) 2.65% 1.65% -7.11% 7.35% 9.46% 11.31% (15.56%)Feb 08 - Dec 08

BREVAN HOWARD COMMODITIES STRATEGIESFUND L.P.Stephane Nicolas

28 Feb 10 M $918MAug 13

110.46 31 Aug13

1.73% 2.98% 5.8% -2.65% 7.83% 3.91% 8.59% (8.62%)Aug 11 - Dec 11

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

30 Nov 07 Q $655MJul 13

156.59 18 Sep13

(4.59%) (9.05%) -8.81% -9.92% 19.75% 8.03% 17.92% (31.19%)Apr 11 - Sep 13

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

28 Feb 10 D $345MOct 12

107.32 24 Sep13

0.73% (6.97%) -0.65% 9.69% 5.86% 2.00% 6.24% (13.09%)Mar 12 - Aug 13

KROM RIVER COMMODITY FUNDChristopher Brodie

30 Jun 06 M $340MSep 13

160.87 20 Sep13

(0.88%) (5.48%) -4.92% -3.89% 13.23% 6.80% 9.51% (17.74%)Apr 11 - Sep 13

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

31 May 04 M $151MAug 13

360.36 20 Sep13

1.80% 16.96% -7.6% -30.07% 27.4% 14.76% 20.92% (36.93%)Dec 10 - Oct 11

Commodity-SystematicYtd Avg. 2013 (8.53%)

Commodity-Systematic/GlobalYtd Avg. 2013

(8.53%)

ARMAJARO STS COMMODITIES FUND CLASS -Z-Will Griffin

31 Dec 09 M $38MJul 13

75.33 31 Aug13

(3.91%) (8.53%) -18.15% -15.89% 19.64% (7.43%) 24.19% (47.65%)Apr 11 - Aug 13

CurrencyYtd Avg. 2013 (2.33%)

Currency/AsiaYtd Avg. 2013

3.79%

DYMON ASIA MACRO FUND (SERIES A)Danny Yong

31 Jul 08 M $2'801MAug 13

158.22 20 Sep13

0.21% 6.89% 0.96% 20.11% 15.23% 9.33% 11.44% (13.69%)Jul 08 - Sep 08

THE CAMBRIDGE STRATEGY - ASIAN MARKETSCURRENCY ALPHAAlexandra Edstein

31 Jan 06 M $132MJun 13

159.50 20 Sep13

0.55% 0.69% 0.86% 6.36% 4.49% 6.30% 8.18% (6.83%)Sep 11 - Aug 12



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Currency/GlobalYtd Avg. 2013

(6.41%)

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

30 Sep 09 W $281MAug 13

99.27 31 Aug13

(1.04%) (4.20%) -2.32% 5.15% 0.6% (0.19%) 4.17% (8.93%)Jul 12 - Aug 13

THE CAMBRIDGE STRATEGY - EMERGING MARKETSCURRENCY ALPHAJesse Marre, Andrew Bresler

31 Jan 08 M $66MJun 13

144.29 20 Sep13

(1.57%) (5.70%) 7.42% 10.46% 3.24% 6.71% 7.94% (8.72%)Apr 10 - Nov 10

THE CAMBRIDGE STRATEGY - EXTENDED MARKETSCURRENCY ALPHARobert Colehan

31 Mar 04 M $325MJun 13

119.88 20 Sep13

(0.22%) (9.34%) -1.47% -0.92% -11.17% 1.93% 7.01% (27.93%)Feb 09 - Sep 13

DiversifiedYtd Avg. 2013 5.12%

Diversified/AsiaYtd Avg. 2013

14.70%

ALPHADYNE INVESTMENT STRATEGIES FUND LTDBart Broadman, Philippe Khuong-Huu

31 Jan 07 M $307MMay 13

1,780.47 20 Sep13

(0.28%) 7.80% 7.06% 3.11% 7.58% 9.07% 4.90% (3.63%)May 09 - Jun 09

BREVAN HOWARD ASIA FUND LIMITEDKaspar Ernst

30 Sep 04 M $2'086MAug 13

229.16 31 Aug13

1.14% 9.90% 4.41% 8.86% 1.83% 9.74% 3.79% (1.94%)Jan 10 - Mar 10

FORTRESS ASIA MACRO FUNDAdam Levinson

28 Feb 11 Q $1'586MAug 13

139.20 20 Sep13

0.30% 11.15% 21.23% 3.3% 13.78% 6.35% (4.91%)Mar 11 - Oct 11

SINFONIETTA FUNDSymphony Financial Partners

31 May 08 M $66MAug 13

181.18 13 Sep13

(0.23%) 29.94% 7.07% 22.92% -0.27% 11.89% 15.45% (14.44%)Jun 08 - Mar 09

Diversified/EmergingYtd Avg. 2013

(0.63%)

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

30 Apr 06 M $123MJul 13

162.77 31 Aug13

(1.63%) (2.13%) 2.54% 11.5% -5.19% 6.86% 6.76% (8.12%)Nov 09 - May 10

BLUECREST EMERGING MARKETS FUNDSBluecrest Capital Management LLP

31 Aug 05 Q $1'760MAug 13

194.79 31 Aug13

0.27% 3.14% 10.9% -0.43% 7.82% 8.70% 11.02% (22.89%)Oct 07 - Oct 08

BREVAN HOWARD EM. MKT STRATEGIES FUND LTDGeraldine Sundstrom

31 Dec 07 M $2'506MAug 13

124.00 31 Aug13

(2.29%) (14.86%) 14.12% -6.28% 2.01% 3.87% 10.28% (16.66%)Jan 13 - Aug 13

GAVEA FUND LTD . CLASS A S/1Fraga Arminio

31 Jul 03 Q $1'650MJul 13

234.53 20 Sep13

(1.81%) 2.46% 8.19% -0.35% 6.48% 8.76% 6.68% (12.50%)Jul 08 - Oct 08

GREEN FUND LLC GREEN CLASSLuis Stuhlberger

31 Jan 01 M $639MMay 13

697.70 19 Sep13

(0.09%) 5.51% 13.55% -5.7% 7.84% 15.55% 14.30% (33.00%)Jun 08 - Nov 08

PHARO TRADING FUNDGuillaume Fonkenell

30 Nov 00 M $207MAug 13

4,223.02 13 Sep13

1.48% 6.51% 0.69% -2.68% 10.52% 11.92% 10.45% (13.16%)Feb 08 - Oct 08

SPINNAKER GLOB OPP FUND, LTD COMPOSITEJorge Rosas

31 Jan 01 Q $1'106MMar 13

486.73 15 Sep13

0.66% (0.98%) 14.12% -11.82% 15.03% 13.35% 9.33% (31.74%)May 08 - Feb 09



InceptionDates

Liquidity AssetSize

Last NAV orIndex



(0.63%)

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

30 Apr 09 M $209MJun 13

138.64 20 Sep13

(1.73%) (4.66%) 12.92% 14.14% 8.52% 7.72% 5.69% (8.15%)Mar 13 - Sep 13

Diversified/GlobalYtd Avg. 2013

5.35%

BREVAN HOWARD FUND, LTD - USD CLASS AAlan Howard

31 Mar 03 M $27122MAug 13

307.42 31 Aug13

(1.54%) 1.41% 3.93% 12.15% 1.01% 11.37% 6.91% (5.44%)Apr 13 - Aug 13

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

31 Jan 09 Q $4'780MAug 13

2,677.91 31 Aug13

0.44% 4.66% 28.12% 3.44% 22.38% 23.97% 7.64% (3.57%)May 11 - Dec 11

CAPITAL FUND, LTD (THE)Kenneth Windheim

31 Dec 99 M $63MJul 13

365.44 20 Sep13

0.62% (4.21%) 0.21% 4.65% 0.34% 9.90% 10.53% (17.38%)Jan 09 - Mar 10

CAXTON GLOBAL INVESTMENT LTDAndrew E. Law

31 Jan 97 Q $4'570MAug 13

878.59 23 Sep13

0.04% 15.04% 1.96% 0.7% 9.29% 13.94% 7.46% (7.37%)Jun 07 - Aug 07

COMAC GLOBAL MACRO FUNDColm O’Shea

31 May 06 M $1'628MAug 13

146.93 20 Sep13

1.33% (3.24%) -8.95% 5% 1.14% 5.40% 8.26% (14.56%)Apr 10 - Aug 13

COMMONWEALTH OPPORTUNITY CAYMAN FUNDLTDAdam Fisher

30 Nov 08 M $561MAug 13

197.55 20 Sep13

0.56% 1.21% 15.64% 10.75% 7.01% 15.21% 10.58% (10.38%)Jan 09 - Feb 09

DISCOVERY GLOBAL MACRO FUND LTD CLASS -A-SERIES 1Robert K Citrone

31 Aug 11 Q $1'620MJul 13

1,358.07 20 Sep13

(1.21%) 15.43% 18.87% -1.02% 16.04% 8.34% (3.83%)May 12 - Jun 12

DISCOVERY GLOBAL OPPORTUNITY FUND, LTDRobert K Citrone

31 Jul 99 HY $8'240MJul 13

847.07 20 Sep13

(1.44%) 13.39% 15.06% 3.58% 16.92% 16.30% 14.56% (33.03%)Dec 07 - Dec 08

ECLECTICA FUND (THE) CLASS A EUROHugh Hendry

30 Sep 02 M $666MJul 13

229.87 20 Sep13

(1.80%) (2.88%) -1.72% 12.11% 2.65% 7.87% 21.63% (31.94%)Feb 08 - Sep 08

ELEMENT CAPITAL FUNDJeffrey Talpins

31 Mar 05 M $4'432MJul 13

61,011.45 31 Aug13

(1.00%) 11.28% 2.73% 5.54% 27.6% 23.95% 10.18% (7.83%)Oct 07 - Apr 08

EPISODE INC. CLASS ADavid Fishwick / Tony Finding

31 Jul 05 Q $1'311MAug 13

134.37 20 Sep13

3.44% 3.81% -4.69% 0.98% 4.83% 3.69% 11.82% (32.77%)Oct 07 - Feb 09

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

31 Dec 08 M $1'590MAug 13

1,268.21 20 Sep13

1.65% 10.55% 17.82% -9.33% 10.7% 8.98% 6.89% (11.34%)Mar 11 - Nov 11

GAM GLOBAL RATES HEDGE FUNDAdrian Owens

31 Jan 04 M $2'865MAug 13

224.56 17 Sep13

0.33% 3.13% 14.71% -6.73% 9.47% 8.76% 7.36% (12.25%)Mar 11 - Sep 11

GAMUT INVESTMENTSAdrian Owens

30 Jun 86 M $86MJun 13

8,183.25 17 Sep13

0.31% 1.35% 0.29% -0.95% 7.22% 17.55% 13.26% (13.45%)Dec 87 - Apr 88

GRAHAM ABSOLUTE RETURN TRADING LTDGraham Capital Management, L.P.

31 Dec 04 Q $434MAug 13

375.93 24 Sep13

(0.38%) 2.97% 9.22% 4.5% 24.53% 13.14% 9.99% (13.31%)May 07 - May 08



InceptionDates

Liquidity AssetSize

Last NAV orIndex



5.35%

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

31 May 04 Q $4'017MAug 13

209.25 24 Sep13

(0.30%) 0.17% 7.35% 6.82% 14.26% 11.45% 10.52% (30.81%)May 07 - Jun 08

GRAHAM GLOBAL INVESTMENT FUND-DISCRETIONARYKenneth G. Tropin

31 May 04 Q $4'117MJul 13

256.26 24 Sep13

(0.15%) 0.12% 3.83% 3.56% 7.12% 6.52% 5.20% (14.81%)May 07 - Jun 08

HARMONIC ALPHA PLUS MACRO FUND - USD CLASSRichard Conyers

30 Apr 03 M $66MAug 13

136.69 20 Sep13

8.48% (1.70%) 22.83% -8.91% 20.3% 6.60% 12.10% (16.74%)Apr 11 - Dec 11

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

30 Nov 05 M $198MMay 13

1,145.82 31 Aug13

(1.83%) 0.46% -2.53% 4.79% 17.48% 1.77% 8.94% (31.90%)Jan 07 - Oct 08

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

31 Jul 05 M $103MMay 13

1,092.58 31 Aug13

(3.06%) 2.63% -4.79% 4.46% 23.11% 1.10% 17.66% (59.00%)Jan 07 - Oct 08

MKP OPPORTUNITY OFFSHORE, LTDPatrick McMahon

31 Jul 01 M $3'272MAug 13

298.52 20 Sep13

0.53% 3.40% 6.9% 11.42% -0.35% 9.42% 5.34% (3.70%)Dec 09 - Feb 10

MLM MACRO PEAK PARTNERS OFFSH FD, LTD - BTimothy Rudderow

31 Mar 02 M $571MJun 13

2,272.01 20 Sep13

1.16% 18.22% -0.76% -35.04% 7.83% 7.41% 18.24% (36.99%)Dec 10 - May 12

MOORE GLOBAL INV FD, LTD - A $Louis Bacon

31 Dec 89 Q $4'800MDec 12

54,075.45 12 Sep13

0.18% 13.11% 8.82% -2.21% 4.74% 18.32% 11.79% (18.45%)Jan 94 - Feb 95

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

31 Jul 93 Q $3'139MMay 13

13,460.35 12 Sep13

0.43% 11.21% 9.01% -2.57% 11.56% 13.78% 8.43% (14.47%)Jan 94 - Feb 94

OMNI MACRO FUND I LIMITEDStephen Rosen, Nick Munns

30 Apr 07 M $365MAug 13

249.81 20 Sep13

(0.89%) (3.19%) 0.74% 10.45% 12.03% 15.39% 13.31% (14.14%)Aug 10 - Apr 11

ONSLOW MACRO FUND CLASS ANicolas Galperin, Esteban Klein

31 Dec 07 M $118MAug 13

147.54 31 Aug13

0.68% 6.14% -6.72% 3.17% 13.3% 7.05% 15.59% (25.48%)Sep 08 - Oct 08

PHARO MACRO FUND LTDGuillaume Fonkenell

30 Apr 05 Q $2'241MAug 13

2,618.13 13 Sep13

0.44% 8.85% 12.53% -7.82% 7.3% 12.17% 8.94% (9.64%)Jun 08 - Nov 08

PINPOINT MULTI-STRATEGY FUNDQiang Wang

29 Feb 08 M $137MDec 12

151.35 19 Sep13

0.65% 1.54% 6.19% -10.43% 23.74% 7.74% 11.07% (17.36%)Jun 08 - Nov 08

RUBICON GLOBAL FUND, LTDPaul Brewer

31 Oct 99 M $899MSep 13

507.82 20 Sep13

0.16% 15.19% -3.89% 5.34% 14.97% 12.40% 14.56% (36.03%)Dec 04 - May 07

TT INTERNATIONAL FUNDTacchi Tim

31 Aug 89 M $397MAug 13

7,271.60 31 Aug13

(2.93%) 2.24% 4.27% -14.09% 13.52% 8.54% 14.43% (27.05%)Jan 94 - Jan 95

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

31 Oct 86 Q $7'321MSep 13

119,520.57 20 Sep13

(0.35%) 7.69% 5.41% 2.17% 7.41% 19.46% 18.85% (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

120,683.55 20 Sep13

(0.28%) 7.86% 6.27% - 8.24% 7.56% (4.37%)May 12 - Jun 12



InceptionDates

Liquidity AssetSize

Last NAV orIndex



5.35%

TUDOR DISCRETIONARY MACRO FUND CLASS ISeries 01Multi-PM Platform

30 Jun 12 Q $1'273MSep 13

1,118.81 20 Sep13

(1.43%) 8.80% 2.82% 9.60% 7.74% (6.19%)Jun 13 - Sep 13

Fixed IncomeYtd Avg. 2013 (2.91%)

Fixed Income/GlobalYtd Avg. 2013

(2.91%)

AVIVA INVESTOR FIXED INCOME MACRO (Tranche 2)Shahid Ikram

30 Jun 09 M $272MJul 13

12.08 31 Aug13

0.47% (1.84%) 2.31% 7.55% 6.39% 4.63% 3.04% (2.70%)Feb 13 - Jul 13

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

31 May 10 W $1'136MAug 13

111.54 31 Aug13

(0.19%) (3.98%) 7.21% 2.97% 5.21% 3.41% 5.01% (4.57%)Feb 13 - Aug 13

SystematicYtd Avg. 2013 (9.46%)

Systematic/GlobalYtd Avg. 2013

(9.46%)

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

30 Sep 06 M $260MJul 13

173.09 31 Aug13

(2.66%) (9.46%) 8.57% 4.2% 4.82% 8.25% 14.38% (13.54%)Nov 09 - Feb 10



InceptionDates

Liquidity AssetSize

Last NAV orIndex


CommodityYtd Avg. 2013 8.47%

Commodity/GlobalYtd Avg. 2013

8.47%

CUMULUS ENERGY FUND CLASS A USDPeter Brewer

30 Sep 06 M $260MJul 13

543.29 20 Sep13

(4.89%) 8.47% 24.55% 99.63% -10.68% 27.45% 36.64% (41.27%)Sep 07 - Apr 08

CurrencyYtd Avg. 2013 (14.81%)

Currency/GlobalYtd Avg. 2013

(14.81%)

ORTUS FUND (CAYMAN) LTDDr Joe Zhou

30 Sep 03 M $209MMay 13

200.92 13 Sep13

0.08% (14.81%) -17.33% 5.7% 27.89% 7.26% 12.37% (30.71%)Jan 12 - Aug 13

Multi-StrategyYtd Avg. 2013 (8.72%)


(8.72%)

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

30 Nov 07 M €12'MMar 13

1,344.12 31 Aug13

(0.37%) (8.72%) -8.67% 1.21% 23.45% 5.27% 12.81% (16.63%)Dec 11 - Aug 13

SystematicYtd Avg. 2013 (1.65%)


(1.65%)

AHL DIVERSIFIEDTim Wong, Matthew Sargaison

29 Feb 96 W $527MJul 13

85.29 20 Sep13

0.56% (6.63%) -2.22% -5.9% 16.02% 12.98% 16.94% (19.53%)Oct 01 - Apr 02

AHL EVOLUTION USDTim Wong , Matthew Sargaison

31 Aug 05 M $1'518MJul 13

1.08 13 Sep13

1.71% 6.14% 23.53% 10.53% 19.83% 14.70% 12.83% (13.16%)Jun 08 - Oct 08

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

31 Aug 03 M $25MAug 13

2,094.79 31 Aug13

(3.02%) (0.96%) -10.92% -29.61% 9.64% 7.67% 21.88% (37.90%)Dec 10 - Aug 13

ASPECT DIVERSIFIED FUND - CLASS AAnthony Todd

30 Nov 98 W $1'475MJun 13

295.11 25 Sep13

(1.76%) (7.17%) -10.66% 4.51% 15.36% 7.57% 16.15% (21.47%)Feb 04 - Jan 05

BEACH HORIZON FUND LTDDavid Beach, Sanjeev Lakhanpal, Paul Netherwood

30 Apr 05 M $64MApr 13

186.06 31 Aug13

(0.73%) (7.92%) -19.51% -1.14% 8.65% 7.73% 18.45% (31.06%)Apr 11 - Aug 13

BLUETREND FUND, LTD - CLASS AMichael Platt & Leda Braga

31 Mar 04 M $9'900MAug 13

272.24 31 Aug13

(0.51%) (11.58%) 0.02% 0.32% 15.98% 11.21% 14.31% (18.91%)Apr 11 - Aug 13



InceptionDates

Liquidity AssetSize

Last NAV orIndex



(1.65%)

BORONIA DIVERSIFIED FUND MASTERRichard Grinham and Angus Grinham

31 Aug 93 M $883MAug 13

1,745.87 25 Sep13

1.09% 7.77% -3.99% -8.75% 9.44% 9.29% 11.70% (14.56%)Feb 08 - Apr 12

CAMPBELL GLOBAL ASSETS FUND LTD Class ACampbell & Company

31 Jan 98 M $2'700MAug 13

3,827.11 20 Sep13

0.49% 10.35% 4.52% -2.92% 14% 8.96% 13.34% (21.17%)Jun 07 - Jan 10

CAMPBELL GLOBAL ASSETS FUND LTD Class BCampbell & Company

30 Jun 02 M $307MAug 13

3,211.23 20 Sep13

0.43% 9.82% 1.84% 1.83% 20.3% 6.78% 11.66% (22.92%)Jun 07 - Aug 07

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

28 Feb 07 M $1'285MAug 13

1,503.79 20 Sep13

2.80% (25.67%) 15.32% 12.84% 2.48% 6.65% 15.86% (29.94%)Apr 13 - Aug 13

CONQUEST MACRO FUND, LTD (COMP)Marc Malek

30 Apr 99 M $157MAug 13

1,928.25 25 Sep13

2.72% (8.99%) -33.16% -5.67% 4.92% 4.66% 19.56% (56.21%)Jul 09 - Mar 13

CRABEL FUND SPC LTD CLASS AToby Crabel

28 Feb 98 M $394MAug 13

5,363.21 20 Sep13

(3.99%) 1.88% 15.53% -1.93% 8.33% 11.39% 16.32% (16.71%)Oct 98 - Jun 99

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

30 Jun 10 W $1'267MSep 13

110.30 18 Sep13

3.47% 1.64% -3.96% 4.85% 7.76% 3.09% 7.84% (7.87%)Apr 13 - Aug 13

DISCUS FEEDER LTD CL. B USD STANDARDLEVERAGETeam managed

31 Dec 90 M $490MAug 13

995.66 20 Sep13

(1.36%) (11.40%) -13.88% 21.95% -6.67% 10.90% 15.78% (34.56%)Jun 94 - Oct 95

EAGLE GLOBAL FUNDMenachem Sternberg

30 Sep 95 M $229MSep 13

910,635.50 20 Sep13

(0.79%) (13.17%) 8.1% 8.82% 17.68% 13.07% 23.38% (32.13%)Oct 03 - Sep 04

FORT GLOBAL CONTRARIANYves Balcer, Sajiv Kumar

30 Sep 02 D $527MSep 13

3,713.00 20 Sep13

3.83% (0.82%) 2.83% 28.7% 27.86% 12.69% 12.08% (17.42%)Mar 08 - Oct 08

FORT GLOBAL DIVERSIFIEDYves Balcer, Sajiv Kumar

30 Sep 93 D $190MSep 13

2,134.90 20 Sep13

2.72% (6.22%) 7.12% 39.95% 34.46% 16.55% 19.53% (26.55%)May 99 - Sep 00

GRAHAM GIF II PROPRIETARY MATRIX SP SIES AKenneth G. Tropin

30 Jun 99 M $960MAug 13

303.06 24 Sep13

2.34% 4.24% -0.07% -9.85% 10.56% 8.09% 11.98% (17.90%)Apr 11 - Nov 12

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

31 Jan 95 M $2'471MAug 13

348.64 24 Sep13

3.33% 3.92% -4.91% -13.12% 0.77% 6.92% 12.33% (20.70%)Apr 11 - Nov 12

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

31 Dec 00 M $2'471MAug 13

205.02 24 Sep13

5.00% 5.78% -7.15% -18.64% 4.52% 9.91% 19.51% (29.84%)Feb 04 - Apr 05

HIGHBRIDGE QUANTITATIVE COMMODITIES FUNDCLASS ASassan Alizadeh

30 Sep 09 M $824MDec 12

961.87 31 Aug13

2.41% (12.76%) -17.36% -4.27% 31.32% (0.99%) 20.00% (44.34%)Apr 11 - Jun 13

HIGHBRIDGE QUANTITATIVE COMMODITIES FUNDCLASS BSassan Alizadeh

31 Jul 11 M $914MOct 12

615.72 31 Aug13

2.41% (12.88%) -17.57% -14.26% (20.73%) 15.51% (40.40%)Aug 11 - Jun 13



InceptionDates

Liquidity AssetSize

Last NAV orIndex



(1.65%)

KEYNES LEVERAGED QUANTITATIVE STRATEGIESFUND CLASS - B -COMPOSITESushil Wadhwani,

31 Dec 04 M $259MMay 13

98.73 20 Sep13

1.38% (8.55%) 6.54% -5.89% 6.47% 6.53% 12.27% (12.83%)Apr 06 - Sep 06

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

30 Apr 00 M $477MAug 13

426.13 24 Sep13

2.09% (0.53%) -6.71% -2.25% 19.17% 11.41% 14.35% (14.64%)Sep 11 - Aug 13

MLIS - GRAHAM CAPITAL SYSTEMATIC MACROUCITS FUNDGraham Capital Management L.P.

30 Nov 10 D $76MAug 13

76.32 24 Sep13

5.53% 4.45% -10.09% -20.38% 2.07% (9.14%) 13.11% (31.34%)Feb 11 - Nov 12

RENAISSANCE INSTITUTIONAL FUTURES FUND LPRenaissance Technologies LLC

30 Sep 07 M $84MJul 13

113.84 20 Sep13

0.90% (2.20%) -3.17% 1.84% 22.61% 2.19% 11.37% (22.27%)Jun 08 - Jun 09

SOLAISE SYSTEMATIC FUND LTD ( S Class)Ali Nejjar

31 May 11 M $294MSep 13

92.93 20 Sep13

2.69% (2.06%) -0.15% -4.97% (3.13%) 12.25% (13.61%)Aug 11 - Aug 13

TEWKSBURY INVESTMENT FUND, LTD - BMatthew Tewksbury

31 Dec 90 M $2'780MJul 13

16,829.59 20 Sep13

0.40% 8.37% 3.53% 4.55% 10.47% 13.22% 4.69% (7.75%)Jun 07 - Aug 07

TRADELINK INTEGRATED PROGRAM LTDWalt Weissman and Blair Wellensiek

31 Dec 93 M $55MJul 13

2,293.18 20 Sep13

(0.74%) 4.38% -6.33% -21.27% 16.01% 17.20% 22.86% (36.53%)May 03 - Jan 05

TUDOR TENSOR FUND LIMITED CLASS ISteve Evans

31 Aug 05 M $306 MJun 13

1,410.61 20 Sep13

0.91% (5.47%) -2.17% -10.31% 6.19% 4.36% 11.68% (20.96%)Feb 11 - Aug 13

TULIP TREND FUND, LTD - AProgressive Capital Partners Ltd

31 Mar 03 M $525MJun 13

3,519.43 20 Sep13

2.81% (4.37%) 4.89% -20.93% 38.39% 12.75% 25.82% (34.25%)Feb 09 - Jan 10

TWO SIGMA COMPASS CAYMAN FUNDTwo Sigma Investments, LLC

31 Jul 09 M $766MAug 13

1,809.87 31 Aug13

(0.58%) 15.01% 4.23% 2.33% 26.02% 15.61% 8.28% (9.85%)Apr 11 - Sep 11

WINTON EVOLUTION FUND (THE)David Harding

31 Aug 05 M $30MAug 13

1,392.84 25 Sep13

4.86% 5.89% -8.31% 3.83% 15.12% 4.19% 10.68% (14.61%)Jun 08 - Jul 09

WINTON FUTURES FUND - CLASS BDavid Harding

30 Sep 97 M $9'300MAug 13

850.73 25 Sep13

3.76% 3.66% -3.56% 6.29% 14.48% 14.32% 17.21% (25.08%)Oct 01 - Feb 02



InceptionDates

Liquidity AssetSize

Last NAV orIndex


DiscretionaryYtd Avg. 2013 6.17%

Discretionary/AsiaYtd Avg. 2013

(0.82%)

AMAZON MARKET NEUTRAL FUND CLASS A USDPhilip King

31 Aug 05 M $329MAug 13

351.11 20 Sep13

(0.27%) (0.82%) 1.85% 11.56% 21.8% 16.86% 12.19% (20.20%)Jun 08 - Dec 08

Discretionary/EuropeYtd Avg. 2013

(1.03%)

EXANE MICROMEGAS FUND LTD- CLASS A - CAPJerome Poirel

30 Jun 06 W €68MSep 13

14,364.09 24 Sep13

(1.08%) (1.03%) -5.74% 1.38% 4.62% 3.18% 5.43% (8.63%)Feb 12 - Sep 13

Discretionary/GlobalYtd Avg. 2013

6.23%

BLACK DIAMOND RELATIVE VALUE LTD -C-ShsClint Carlson

31 Jul 99 Q $666MJul 13

324.69 20 Sep13

0.07% 3.72% 9.48% -3.25% 1.48% 8.68% 5.43% (8.09%)Mar 11 - Sep 11

MARSHALL WACE - MW MARKET NEUTRAL TOPS AUSDAnthony Clake.

31 Oct 07 M $534MJul 13

128.85 24 Sep13

(1.34%) 10.36% 15.02% 3.18% -0.21% 4.39% 6.69% (15.98%)Jun 08 - Nov 08

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

31 Dec 07 D $525MAug 13

117.56 24 Sep13

(0.89%) 4.60% 6.07% 3.46% 0.3% 2.86% 4.69% (11.63%)Jun 08 - Oct 08

Discretionary/JapanYtd Avg. 2013

13.46%

EQUILIBRIA JAPAN FUND LTD 1X USDJames Pulsford, Sara Gardiner-Hill

30 Apr 02 M $153MMay 13

235.52 20 Sep13

0.55% 8.59% -3.55% -0.13% 5.58% 7.80% 4.56% (7.20%)Jul 11 - Dec 12

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

30 Apr 09 M $340MMay 13

146.27 20 Sep13

1.15% 18.33% -6.6% -0.5% 10.87% 9.04% 8.48% (13.42%)Jul 11 - Dec 12

Discretionary/UKYtd Avg. 2013

5.90%

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

31 May 08 D €1'030MJul 13

1.20 25 Sep13

(0.35%) 2.14% 3.49% 2.3% 1.9% 3.18% 1.39% (0.58%)Feb 12 - May 12

CAZENOVE UK ABSOLUTE TARGET FUND - P2 GBPSteven Cordell

30 Jun 08 D £247MDec 12

124.81 25 Sep13

(0.21%) 9.67% 4.08% 11.24% -7.62% 4.32% 5.51% (9.96%)Sep 09 - Dec 10

Equity DiversifiedYtd Avg. 2013 6.37%

Equity Diversified/AsiaYtd Avg. 2013

5.39%

MACQUARIE ASIAN ALPHA FUNDNick Bird

30 Sep 05 M $259MAug 13

1,769.95 20 Sep13

(2.20%) 4.56% 4.41% 9.11% 10.29% 9.64% 6.45% (14.05%)Oct 07 - Apr 09



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Equity Diversified/AsiaYtd Avg. 2013

5.39%

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

31 Jul 10 M $1'133MSep 13

125.76 06 Sep13

(0.15%) 6.22% 2.92% 9.6% 4.96% 7.66% 5.20% (3.62%)Jul 11 - Oct 11

Equity Diversified/EuropeYtd Avg. 2013

7.42%

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

30 Sep 10 D €153MNov 12

110.62 25 Sep13

(0.35%) 5.35% -0.35% -4.05% 6.52% 2.38% 5.25% (13.12%)Mar 11 - May 12

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

30 Nov 04 M €248MAug 13

240.91 20 Sep13

(0.67%) 9.75% 16.61% 2.95% 18.43% 10.49% 9.11% (25.03%)Jun 08 - Apr 09

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

30 Jun 11 D $1'199MJul 13

115.94 24 Sep13

0.02% 7.17% 6.19% 1.87% 6.83% 4.23% (3.45%)Apr 12 - Aug 12

Equity Diversified/GlobalYtd Avg. 2013

5.19%

TWO SIGMA ABSOLUTE RETURN FUND LTDTwo Sigma Advisers, LLC

31 Oct 11 M $683MJul 13

1,107.73 31 Aug13

(0.24%) 5.19% 4.03% 1.23% 5.73% 5.46% (3.30%)Jun 13 - Aug 13


Multi-Strategy/AsiaYtd Avg. 2013

4.84%

LIM ASIA MULTI-STRATEGY FUND CLASS AGeorge W. Long

31 Dec 95 Q $1'202MAug 13

37.06 23 Sep13

0.30% 4.84% 3.57% -0.23% 8.6% 7.66% 5.80% (15.79%)Feb 08 - Nov 08


4.39%

HUDSON BAY INTERNATIONAL FUND LTDHudson Bay Capital Management LP

31 May 06 Q $995MJun 13

228.79 19 Sep13

0.58% 4.39% 11.37% 4.31% 8.44% 11.99% 5.09% (3.92%)Nov 07 - Dec 07

Statistical ArbitrageYtd Avg. 2013 1.07%

Statistical Arbitrage/GlobalYtd Avg. 2013

1.07%

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

28 Feb 07 Q $915MAug 13

217.15 18 Sep13

0.54% 5.11% 5.67% 7.88% 6.75% 12.55% 8.19% (10.48%)Jul 07 - Aug 07

BLUEMATRIX FUND CLASS -A- USDFrank Fehle, Systematic Team

31 Oct 07 M $867MJun 13

136.01 31 Aug13

(3.87%) 3.41% -2.49% -1.42% 6.45% 5.41% 6.96% (9.96%)Apr 11 - Sep 11



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Statistical Arbitrage/GlobalYtd Avg. 2013

1.07%

CAMPBELL GLOBAL ASSETS FUND LTD Class DCampbell & Company

31 Dec 00 M $170MAug 13

1,142.96 20 Sep13

(1.10%) (2.12%) -10.1% 18.36% 17.47% 8.76% 10.33% (22.98%)Feb 06 - Aug 07

GSA CAPITAL INTERNATIONAL FUND, LTD - CLASS AJonathan Hiscock

28 Feb 05 Q $1'460MSep 13

224.84 20 Sep13

(0.03%) 7.99% 3.64% 15.2% 12.08% 9.92% 4.52% (11.91%)Jun 08 - Sep 08

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

31 Oct 06 M $729MJan 13

1,189.54 15 Sep13

(2.65%) (9.02%) 5.2% 3.1% -2.39% 2.55% 10.17% (21.48%)Jun 07 - Aug 07

SystematicYtd Avg. 2013 3.66%

Systematic/EuropeYtd Avg. 2013

10.04%

BLACKROCK EOS CLASS B USD COMPOSITERobert Fisher, Simon Weinberger

28 Feb 02 M $200MSep 13

1,326.51 24 Sep13

(0.22%) 10.04% 3.49% -3.11% 13.64% 9.38% 8.69% (14.33%)Jul 07 - Jan 08


1.53%

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

31 Jul 02 Y / M $1'005MSep 13

2,008.24 20 Sep13

1.20% 2.02% 9.41% 24.92% 20.38% 6.45% 7.41% (25.15%)Jun 08 - Sep 09

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

31 Dec 95 Q $119MAug 13

4,962.28 20 Sep13

0.21% 1.40% 6.61% 0.56% 5.96% 9.45% 4.04% (4.11%)Oct 99 - Dec 99

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

30 Apr 06 Q $267MAug 13

1,897.90 31 Aug13

(0.18%) 1.16% 6.58% 0.49% 5.96% 9.12% 4.64% (3.63%)Aug 08 - Nov 08



InceptionDates

Liquidity AssetSize

Last NAV orIndex


Merger-ArbitrageYtd Avg. 2013 6.28%

Merger-Arbitrage/GlobalYtd Avg. 2013

7.19%

AETOS CORPORATION - CLASS AJason Dahl, Jonathan Spitzer

31 Dec 85 M $95MAug 13

26,041.87 20 Sep13

0.13% 0.94% 1.25% 4.33% 6.57% 8.81% 11.39% (34.97%)Aug 87 - Oct 87

LION FUND, LTD (THE)Nick Walker

31 Jan 96 M $190MMay 13

38.22 31 Aug13

0.68% (3.65%) 2.36% 4.6% 5.9% 7.83% 9.60% (34.07%)Oct 07 - Feb 09

PAULSON ENHANCED LTDJohn Paulson

30 Apr 01 S $2'200MFeb 13

1,007.00 31 Aug13

(0.88%) 21.30% 19.6% -21.55% 26.08% 20.57% 16.08% (30.43%)Apr 11 - Sep 11

PAULSON INTERNATIONAL, LTDJohn Paulson

30 Apr 96 M $1'495MFeb 13

854.82 31 Aug13

(0.40%) 10.18% 9.07% -10.17% 12.57% 12.62% 7.93% (15.52%)May 11 - Sep 11

Merger-Arbitrage/USAYtd Avg. 2013

2.61%

GABELLI ASSOCIATES LIMITED - CLASS AMario Gabelli

31 Aug 89 M $119MDec 12

597.80 20 Sep13

0.56% 2.61% 2.55% 3.03% 6.22% 7.71% 3.27% (6.65%)Oct 07 - Oct 08



InceptionDates

Liquidity AssetSize

Last NAV orIndex


CreditYtd Avg. 2013 12.29%


12.29%

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

31 May 04 Q $2'273MJul 13

3,155.65 31 Aug13

(0.01%) 12.29% 20.52% -4.57% 14.29% 13.22% 10.61% (30.14%)Oct 07 - Nov 08

DiversifiedYtd Avg. 2013 6.39%

Diversified/AsiaYtd Avg. 2013

9.35%

PHALANX JAPAN AUSTRALASIA MULTI-STRATEGYFUND LTDChristopher S. McGuire

31 Mar 05 Q $89MAug 13

1,474.25 31 Aug13

(2.55%) 14.39% 11.48% 4.79% 5.79% 37.63% 27.51% (30.13%)Apr 06 - Mar 07

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

30 Nov 07 M $780MAug 13

229.42 20 Sep13

0.76% 4.32% 4.81% 40.75% 1.72% 15.36% 7.66% (5.20%)Aug 10 - Sep 10


0.66%

CONTRARIAN EMERGING MARKETS OFF FUND LTDXiao Song

31 Dec 05 Q $310MJul 13

279.98 31 Aug13

0.15% 1.42% 23.2% -7.16% 33.16% 14.36% 14.02% (28.43%)Feb 08 - Oct 08

SPINNAKER GLOBAL EMERGING MARKETS FUND,LTDBradley Wickens

30 Jun 99 Q $1'347MMay 13

1,934.86 15 Sep13

1.89% (0.09%) 20.69% -9.31% 12.56% 23.16% 11.72% (33.11%)May 08 - Feb 09


6.44%

AHL DIMENSION USD SHARES CLASS BTim Wong, Nick Granger

30 Jun 06 M $48MJul 13

1.42 20 Sep13

1.08% 1.42% 3.02% -5.83% 16.72% 4.96% 9.49% (10.62%)Dec 08 - Jan 10

ALLBLUE LIMITEDMichael Platt

31 Aug 05 M $7'910MAug 13

190.42 31 Aug13

(0.39%) (1.09%) 5.96% 1.87% 8.06% 8.38% 4.79% (4.51%)Jun 07 - Aug 07

ARROWGRASS MASTER FUNDNick Niell , Henry Kenner

31 Jan 08 Q €3'007MJul 13

159.12 20 Sep13

1.53% 7.21% 5.6% 0.12% 4.22% 8.58% 4.17% (3.99%)Apr 11 - Sep 11

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

31 Dec 95 Q $99MJul 13

327.21 20 Sep13

0.09% 2.63% 10.27% -0.69% 5.66% 6.91% 4.06% (18.58%)Aug 08 - Dec 08

BLACKROCK MULTI-STRATEGY FUND LTD - CLASS AGrace Gu

30 Apr 05 M $1'519MJul 13

1,488.84 31 Aug13

(0.43%) 4.10% 7.86% 2.43% 10.2% 4.89% 5.61% (13.96%)Jun 08 - Dec 08

BLACKROCK CAPITAL STRUCTURE INVESTMENTSFUND LTDChad Meuse, Benoy Thomas

31 Dec 08 M $435MJul 13

126.80 31 Jul 13 2.54% 3.21% 3.74% 22.94% 1.18% 5.32% 7.83% (7.83%)Mar 09 - Apr 09



InceptionDates

Liquidity AssetSize

Last NAV orIndex



6.44%

BLUECREST CAPL INTL LTD A USDMichael Platt

30 Nov 00 Q $11'800MAug 13

430.83 31 Aug13

0.34% (2.07%) 5.82% 6.1% 12.82% 12.13% 5.59% (4.83%)May 03 - Aug 03

BOUSSARD & GAVAUDAN HOLDING., LTD ordinarysharesEmmanuel Gavaudan

31 Jan 07 D €573MAug 13

15.54 25 Sep13

0.72% 5.66% 9.45% -2.59% 11.49% 5.56% 7.04% (20.69%)May 07 - Sep 08

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

29 Feb 08 M $4'875MAug 13

127.08 31 Aug13

(0.97%) (0.50%) 4.61% 5.2% 2.12% 4.45% 4.79% (6.29%)Feb 08 - Sep 08

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

30 Apr 09 M $434MNov 12

1,362.93 15 Sep13

2.50% 10.26% 3.55% 1.02% 5.05% 7.32% 6.74% (6.56%)Apr 11 - Nov 11

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

29 Feb 12 Q $343MAug 13

116.61 13 Sep13

0.20% 7.59% 7.42% 9.86% 3.11% (1.50%)Aug 12 - Oct 12

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

31 Jul 05 Q $2'147MJul 13

4,286.83 31 Aug13

0.15% 6.86% 35.87% -10.42% 31.45% 19.71% 14.28% (24.58%)Apr 11 - Sep 11

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

28 Feb 07 Q $741MJul 13

1,635.44 31 Aug13

0.15% 3.19% 11.4% -3.45% 14.62% 7.85% 7.00% (14.78%)Jun 08 - Dec 08

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

31 Mar 98 Q $2'870 MJul 13

420.26 20 Sep13

0.22% 3.91% 12.04% -1.07% 9.39% 9.71% 5.35% (17.93%)Aug 08 - Dec 08

GLG MARKET NEUTRAL FUND - CLASS Z USDUNRESTRICTEDSteve Roth

31 Dec 97 M $905MJun 13

900.83 13 Sep13

0.81% 6.45% 18.4% 0.78% 33.6% 15.02% 14.92% (54.03%)Nov 07 - Dec 08

HALCYON PARTNERS OFFSHORE FUND LTDJohn M. Bader

31 May 04 Q $2'600MDec 12

181.58 31 Aug13

0.08% 6.12% 11.24% -5.91% 8.81% 6.66% 5.60% (15.01%)Oct 07 - Dec 08

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

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

86,385.16 31 Aug13

0.47% 3.81% 9.78% -5.11% 3.98% 10.81% 7.10% (30.04%)Jun 08 - Nov 08

HUTCHIN HILL DIVERSIFIED ALPHA MASTER FUNDLTD 15% Incentive AllocationNeil Chriss

30 Jun 08 Q $925MAug 13

1,655.64 20 Sep13

0.21% 10.99% 11.06% -4.92% 6.91% 10.13% 6.56% (7.63%)Apr 11 - Feb 12

JABCAP GLOBAL BALANCED FUND LTD CLASS D/1 NIPhilippe Jabre

30 Apr 07 W $420MAug 13

200.09 17 Sep13

7.99% 29.66% 15.5% -27.33% 3.57% 11.47% 15.09% (35.04%)Apr 10 - Jun 12

JABCAP MULTI STRATEGY FUND LTD CLASS D/1 NIPhilippe Jabre

31 Jan 07 M $501MJul 13

144.50 31 Aug13

0.53% 27.46% 11.8% -25.65% 6.5% 5.75% 17.93% (40.20%)Feb 08 - Jan 09

LINDEN INTERNATIONAL LTDJoe Wong

31 May 03 Q $771MAug 13

288.20 31 Aug13

0.63% 8.76% 4.11% -7.86% 24.01% 10.87% 9.72% (24.60%)Feb 08 - Dec 08



InceptionDates

Liquidity AssetSize

Last NAV orIndex



6.44%

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

31 Mar 12 M $202MAug 13

117.70 20 Sep13

(0.25%) 9.60% 7.39% 11.68% 4.28% (1.15%)Nov 12 - Dec 12

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

31 Dec 02 M $208MApr 13

103.68 13 Sep13

(0.43%) 3.19% 5.47% -3.59% 13.38% 4.97% 7.53% (30.54%)Oct 07 - Dec 08

MILLENNIUM INTL LTDIsrael A Englander

31 Dec 89 Q $18'570MJul 13

2,486.24 19 Sep13

0.69% 8.52% 6.32% 8.39% 13.22% 14.48% 4.38% (7.24%)May 98 - Aug 98

PINE RIVER FUND CLASS -B1- SHARESAaron Yeary

31 May 02 Q $2'900MAug 13

3,552.81 20 Sep13

0.60% 9.50% 21.75% 5.7% 13.87% 11.86% 10.66% (29.16%)Jun 08 - Dec 08

PLATINUM PARTNERS VALUE ARBITRAGE INT. FUNDLTDMark Nordlicht

31 Dec 02 Q $730MMar 13

6,384.37 31 Jul 13 0.99% 7.48% 11.91% 19.61% 17.49% 19.13% 4.91% (4.42%)Aug 08 - Oct 08

PORTLAND HILL OVERSEAS FUND LTDThierry Lucas

31 May 12 M $128MAug 13

119.98 20 Sep13

3.86% 11.48% 7.62% 14.95% 4.64% (1.30%)May 13 - Jun 13

QVT OFFSHORE LTD CLASS 1-NRDan Gold

31 Oct 03 Y / Q $2'604MAug 13

2,320.21 15 Sep13

0.73% 0.80% 14.36% 6.5% 12.16% 8.89% 9.80% (40.35%)Feb 08 - Dec 08

RENAISSANCE INSTITUTIONAL DIVERSIFIED ALPHAFUND INTL. L.P.,ARenaissance Technologies LLC

28 Feb 12 M $1'523MJul 13

98.46 20 Sep13

0.94% (0.29%) -1.26% (1.00%) 8.30% (8.60%)Mar 13 - Aug 13

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

30 Nov 03 M $252MAug 13

1,943.94 13 Sep13

(1.25%) (4.36%) -2.89% 15.63% 1.56% 7.02% 5.89% (9.37%)Feb 12 - Sep 13

TWO SIGMA HORIZON CAYMAN LTDTwo Sigma Investments, LLC

30 Apr 08 Q $320MAug 13

1,274.00 31 Aug13

(1.29%) (0.33%) 9.29% -13.97% 17.76% 4.64% 9.41% (17.85%)May 11 - Nov 11

VISIUM GLOBAL OFFSHORE FUND LTDJacob Gottlieb

31 Mar 09 M $471MJul 13

293.33 20 Sep13

1.79% 10.42% 19.52% 1.75% 20.05% 27.17% 10.67% (7.80%)Apr 10 - Jun 10

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

30 Sep 06 Q $200MAug 13

175.62 13 Sep13

1.00% 11.04% 1.75% -0.15% 4.98% 8.43% 6.78% (17.75%)Jun 08 - Dec 08

Diversified/JapanYtd Avg. 2013

10.26%

LIM JAPAN FUNDGeorge Long

31 Oct 04 Q $252MJul 13

196.77 24 Sep13

1.12% 10.26% 5.62% 2.73% 14.28% 7.90% 5.97% (10.09%)Jun 08 - Feb 09



InceptionDates

Liquidity AssetSize

Last NAV orIndex


ArbitrageYtd Avg. 2013 (1.15%)

Arbitrage/GlobalYtd Avg. 2013

(1.15%)

BLUEMOUNTAIN EQUITY ALTERNATIVES FUNDBlueMountain Capital Management

28 Feb 06 Q $620MJul 13

2,169.80 20 Sep13

0.60% 5.08% 12.24% 7.67% 2.67% 10.78% 6.91% (9.57%)Sep 08 - Feb 09

CASSIOPEIA FUND CLASS CPierre de Saab & Alain Dos Santos

31 Jul 04 M $717MAug 13

230.73 20 Sep13

(0.36%) 0.81% 24.85% 6.52% 11.98% 12.60% 10.02% (15.42%)Mar 10 - Jun 10

LIONSCREST TAILPRO -US EQUITY FUNDMark Spitznagel and Nassim Taleb

31 Aug 08 M $120MAug 13

232.82 31 Aug13

0.60% (3.18%) -5.48% 4.56% -0.12% 18.40% 46.78% (10.29%)Sep 11 - Jul 13

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

31 Jul 11 M $1'097MAug 13

126.51 31 Aug13

(1.38%) (7.32%) 13.41% 20.36% 11.92% 8.28% (8.42%)Oct 12 - Aug 13



This document is provided to you by HSBC Private Bank, a division of HSBC Bank USA, N.A. (“the Bank”), for informational purposes and is not arecommendation, offer or solicitation to purchase or sell any product, security, commodity, currency or other instrument. This document does not consideryour specific objectives, circumstances or needs, does not provide legal or tax advice, and does not identify or define all the risks that may be associatedwith investing in hedge funds or any investment. Prior to making an investment decision, you should consult with your own legal, financial, tax, accountingand other professionals regarding the appropriateness of investing in any product, security, commodity, currency or other instrument. No person isauthorized to use this document for any purpose other than the purpose stated above.

The information contained in this document is derived from a variety of sources we believe to be reliable; however, we cannot guarantee its accuracy orcompleteness, nor shall we be liable for any incidental or consequential losses or damages including, but not limited to, errors (including errors oftransmission), inaccuracies, omissions, changes in market factors or conditions, or any other circumstances beyond our control. The information, analysisand opinions contained herein constitute our present judgment, which is subject to change at any time without notice. The information contained herein isconfidential and intended solely for the use of the client or prospective client to whom it has been delivered. It is not to be produced or distributed to anyother person except to the client’s professional advisors. Third party information obtained in this document may have been obtained from variouspublished and unpublished sources. Past performance is not a reliable indicator of future results.

In the United States, HSBC Private Bank offers banking services through HSBC Bank USA, N.A., member FDIC, and HSBC Private Bank International,and provides securities and brokerage services through HSBC Securities (USA) Inc. Further details are available on request. A complete list of privatebanking entities is available on our website, www.hsbcprivatebank.com.

Where this document is distributed by HSBC Securities USA Inc. please note that alternative investments are not suitable for all clients, and they areintended for experienced and sophisticated investors who are willing to bear the high economic risks of the investment. HSBC Securities USA Inc. has notundertaken the verification of this document, and make no express or implied representation about the accuracy, completeness, sufficiency, value orquality if the materials of the securities and shall have no direct or indirect liability therefore.

Securities and funds are provided by Registered Representatives of HSBC Securities (USA) Inc., member NYSE/FINRA/SIPC, a registered FuturesCommission Merchant, a wholly owned subsidiary of HSBC Markets (USA) Inc. and an indirectly wholly owned subsidiary of HSBC Holdings plc.

Funds and other securities are not FDIC insured nor insured by any other government agency, are not deposits or other obligations of HSBCBank USA, N.A. and are not guaranteed by HSBC Bank USA, N.A.; they are subject to investment risk including, but not limited to, the possibleloss of principal amount invested.

HSBC Private Bank is the principal private banking business of the HSBC Group. Private Banking may be carried out internationally by different HSBClegal entities according to local regulatory requirements. Different companies may provide the services listed in this document within HSBC Private Bankor by other members of the HSBC Group. Some services are not available from certain locations. Some HSBC Offices listed may act only asrepresentatives of HSBC Private Bank, and are therefore not permitted to sell products and services, or offer advice to customers. They serve as points ofcontact only. Further details are available on request. A complete list of private banking entities is available on our website, www.hsbcprivatebank.com.

© Copyright. HSBC Bank USA, N.A 2012 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 Bank USA.

hsbc hedge weekly2013 no39

Business