You are on page 1of 54

Hedge Weekly N28

Investment Funds Performance Review

HSBC Alternative Investment Group


Week of Monday 06 Jul to Friday 10 Jul 2015

Index by Strategies

Index by Funds

Top/Bottom 20

Newsletter

12

About This Document

53

Past performance is not a reliable indicator of future performance.

HSBC Alternative Investment Group

Convertible Arbitrage
Convertible

12

Credit Long/Short
Credit

13

Distressed
Distressed Security

18

Equity Long/Short
Equity-Commodity
Equity-Diversified
Equity-Energy
Equity-Financial
Equity-Healthcare
Equity-Mid-Small Cap
Equity-Pharma-Biotech
Equity-Real Estate
Equity-Technology
Equity-Utility

20
20
27
28
28
28
29
29
29
30

Event Driven
Equity-Diversified
Merger-Arbitrage
Multi-Strategy

31
31
31

37
37
37
38
41
41

Managed Futures
Currency
Systematic

42
44

Market Neutral
Discretionary
Equity Diversified
Multi-Strategy
Statistical Arbitrage
Systematic

45
46
46
47
47

Merger Arbitrage
Merger-Arbitrage

48

Multi-Strategy
Credit
Diversified

49
49

Volatility Arbitrage
Arbitrage

Fixed Income Arbitrage


Fixed Income

Commodity
Commodity-Systematic
Currency
Diversified
Fixed Income
Systematic

52

33

Fund of Funds
Arbitrage
Event Driven
Macro
Multi-Strategy
Trading

34
34
34
35
35

Long Only
Equity-Diversified

36

Macro
Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

4
400 CAPITAL CREDIT OPPORTUNITI

17

A
A.R.T. INTERNATIONAL INVESTOR

47

ALPHAGEN OCTANIS CLASS A

26

BLACK DIAMOND, LTD - CLASS B (

50

BRUMMER MULTISTRATEGY 2XL, LTD

50

ALPHAGEN VOLANTIS FUND, LTD -

28

BLACKROCK EOS CLASS B USD COM

47

BTG PACTUAL GLOBAL EM. MKTS AN

39

ALTAI CAPITAL PARTNERS OFFSHOR

31

BLACKROCK MULTI-STRATEGY FUND

50

AMAZON MARKET NEUTRAL FUND CLA

45

BLACKROCK 32 CAPITAL MASTER FU

47

ANAVON GLOBAL EQUITY LONG SHOR

23

BLACKROCK CAPITAL STRUCTURE IN

50

ANAVON MASTER FUND LTD CLASS -

23

BLACKROCK EUROPEAN DIVERSIFIED

46

ANDALUSIAN CORPORATE OPPORTUNI

31

BLACKROCK FIXED INCOME GLOBAL

33

ABACO FINANCIALS FUND

27

ANDURAND COMMODITIES FUND

37

BLACKROCK OBSIDIAN FUND

33

ABSOLUTE INSIGHT CREDIT FUND B

13

ANTARES EUROPEAN FUND, LTD - U

21

BLACKROCK PAN ASIA OPPORTUNITI

46

ABSOLUTE INSIGHT EMERGING MARK

13

APERIOS EMERGING CONNECTIVITY

21

BLACKROCK UK EQUITY HEDGE FUND

26
15

ABSOLUTE INSIGHT UK EQUITY MKT

45

AQUILUS INFLECTION FUND LTD E

21

BLUEBAY CREDIT ALPHA LONG SHOR

ACUITY CORPORATE OPPORTUNITY F

17

ARISTEIA INTERNATIONAL LTD

14

BLUEBAY EMERGING MARKET CORPOR 13

ADELPHI EUR. FUND $ (A)

21

ARROWGRASS MASTER FUND

49

BLUEBAY EMERGING MARKET FIXED

13

ADRIGO HEDGE

21

ASCEND PARTNERS FUND II LTD -

26

BLUECREST CAPL INTL LTD A USD

50

AG MORTGAGE VALUE PARTNERS LTD

14

ASGARD FIXED INCOME FUND LTD

15

BLUECREST EMERGING MARKETS FUN

38

AG SUPER FUND INTERNATIONAL, L

31

ASPECT DIVERSIFIED FUND - CLAS

42

BLUECREST EQUITY STRATEGIES FU

23

AHL (cayman) SPC EVOLUTION USD

42

ATLAS ENHANCED FUND LTD

49

BLUECREST MULTI STRATEGY CREDI

15

AHL ALPHA CAYMAN LTD

42

ATLAS FUNDAMENTAL TRADING FUND

23

BLUEMATRIX FUND CLASS -A- USD

47

AHL CURRENCY FUND

42

ATLAS GLOBAL INVESTMENTS LTD U

50

BLUEMOUNTAIN CREDIT ALTERNATIV

15

AHL DIMENSION USD SHARES

49

ATREAUS OVERSEAS FUND LTD

38

BLUEMOUNTAIN EQUITY ALTERNATIV

52

AHL DIVERSIFIED

42

AXONIC CREDIT OPPORTUNITIES OV

15

BLUEMOUNTAIN LONG SHORT EQUITY

23

AJR INTERNATIONAL (BVI), INC.

26

AXONIC SYSTEMATIC ARBITRAGE OV

33

BLUETREND FUND, LTD -USD- CLAS

42

BNY MELLON ARX BRAZIL FUND SPC

20

BORONIA DIVERSIFIED FUND MASTE

42

BOUSSARD & GAVAUDAN HOLDING LT

50

BREVAN HOWARD ASIA FUND LIMITE

38

BREVAN HOWARD FUND, LTD - USD

39

BREVAN HOWARD M/S FUND, LTD

50

BREVAN HOWARD SYSTEMATIC TRADI

42

BRIGADE LEVERAGED CAPITAL STRU

17

BROOKFIELD GLOBAL LISTED INFRA

23

BROOKFIELD WELLS STREET OFFSHO

29

AKAMATSU FUND

25

ALCENTRA GLOBAL SPECIAL SITUAT

14

ALCENTRA STRUCTURED CREDIT OPP

14

ALCENTRA STRUCTURED CREDIT OPP

14

ALLBLUE LIMITED

49

ALLIANCE BERNSTEIN SELECT US E

26

ALPHA4X CAPITAL GROWTH FUND

38

ALPHADYNE INVESTMENT STRATEGIE

38

ALPHAGEN HOKUTO FUND LTD - CLA

25

ALPHAGEN JAPAN ABS RETURN FD,

25

B
BAF LATAM TRADE FINANCE FUND

13

BASSO INVESTORS LTD

12

BAY POND INVESTORS (BERMUDA),

BCM WESTON LP (BILLINGS CAPITA

26

BEACH POINT TOTAL RETURN OFFSH

17

BEACONLIGHT OFFSHORE FUND LTD

23

BLACK DIAMOND RELATIVE VALUE L


Past performance is not a reliable indicator of future performance.
Source - HSBC

28

BAY RESOURCES PARTNERS OFFSHOR 26

45

C
CAIRN SPECIAL OPPORTUNITIES CR

13

CAMPBELL GLOBAL ASSETS FUND LT

42

CAMPBELL GLOBAL ASSETS FUND LT

42

CAMPBELL GLOBAL ASSETS FUND LT

47

CANDLEWOOD SPECIAL SITUATIONS

18

CANDLEWOOD STRUCTURED CREDIT F

15

CANDLEWOOD STRUCTURED CREDIT H 15


CANOSA GLOBAL MACRO FUND LTD

39

CANTAB CAPITAL PARTNERS QUANTI

42

CANYON BALANCED FUND LTD

49

CANYON VALUE REALIZATION FD, L

18

CAPEVIEW AZRI 2X FUND

21

CAPEVIEW AZRI FUND

21

CAPEVIEW RECOVERY FUND

13

CAPITAL FOUR CREDIT OPPORTUNIT

13

CAPULA GLOBAL RELATIVE VALUE F

33

CARLYLE LIQUID TACTICAL FUND

24

CARLYLE TREND FOLLOWING FUND

42

CASSIOPEIA FUND CLASS C

52

CAXTON GLOBAL INVESTMENT LTD

39

CCI HEALTHCARE PARTNERS LTD

28

CCI MICRO HEALTHCARE PARTNERS

28

CERBERUS INTL. LTD CLASS A A/

18

CHENAVARI CORPORATE CREDIT STR

15

CHENAVARI MULTI STRATEGY CREDI

49

CHENAVARI REGULATORY CAPITAL S

14

CHENAVARI TORO CAPITAL I A

14

COBALT OFFSHORE LTD

26

HSBC Alternative Investment Group

COHERENCE CAPITAL SPECTRUM FUN

ECLECTICA FUND CLASS A EURO (T

39

GAM TALENTUM ENHANCED EUROPE L

46

HALKIN ACCURATE FX INCOME INDE

41

COMMONWEALTH OPPORTUNITY CAYMA 39

15

ECOFIN VISTA LONG SHORT FUND

24

GAM TRADING II USD

34

HARBOUR HOLDINGS LTD

29

CONQUEST MACRO FUND, LTD (COMP

42

EDGESTREAM NIAS FUND

43

GAMUT INVESTMENTS

39

HARMONIC ALPHA PLUS MACRO FUN

39

CONTRARIAN CAPITAL FUND I OFFS

18

EIFFEL CREDIT OPPORTUNITIES FU

14

GAVEA FUND LTD . CLASS A S/1

38

HARNESS MACRO CURRENCY FUND

37

CONTRARIAN EMERGING MARKETS OF

13

ELECTRON GLOBAL FUND, L.P.

30

GEMS PROGR. FUND SICAV RECOVER

34

HARVEY PARTNERS LLC

29

COOPER CREEK PARTNERS LLC

29

ELEMENT CAPITAL FUND

39

GLADE BROOK GLOBAL OFFSHORE FU

24

HIGHBRIDGE CAPITAL CORPORATION

50

COVALIS CAPITAL CLASS B

21

ELLINGTON CREDIT OPPORTUNITIES

15

GLAZER ENHANCED OFFSHORE FUND

48

HIGHER MOMENT AURORA FUND,LP

41

CQS ABS FEEDER FUND - CLASS -B

15

ELLINGTON MORTGAGE OPPORTUNITI

15

GLENVIEW CAPITAL PARTNERS (CAY

26

HiQ INVEST MARKET NEUTRAL FUND

47

CQS DIRECTIONAL OPP. FEEDER FU

50

ELM RIDGE CAPITAL PARTNERS L.P

26

GLG CROSS ASSET VALUE OFFSHORE

14

HORSEMAN GLOBAL FUND USD

24

CQS DIVERSIFIED FUND (SPC) LTD

50

EPISODE INC. CLASS A

39

GLG EUROPEAN EQUITY ALTERNATIV

46

HSBC CREDIT MARKET OPPORTUNITI

34

CRABEL FUND SPC LTD CLASS A

43

EQUILIBRIA JAPAN FUND LTD 1X U

45

GLG EUROPEAN LONG SHORT FUND C

21

HSBC GH FUND USD

35

CYGNUS UTILITIES, INFRASTRUCTU

30

EQUILIBRIA JAPAN FUND LTD 2X (

45

GLG MARKET NEUTRAL FUND - CLAS

50

HSBC LEVERAGED GH FUND

35

EXANE ARCHIMEDES FUND CLASS A

29

GOLDEN CHINA FUND NR CLASS

20

HSBC MAA FUND USD

34

EXANE TEMPLIERS FUND

24

GRAHAM ABSOLUTE RETURN TRADING

39

HSBC SPECIAL OPPORTUNITIES FUN

34

GRAHAM GIF II PROPRIETARY MATR

43

HSBC TRADING ADVANTEDGE FUND

35

GRAHAM GLOBAL INVESTMENT FUND

39

HSBC UCITS ADVANTEDGE FUND -US

35

GRAHAM GLOBAL INVESTMENT FUND

43

HUDSON BAY INTERNATIONAL FUND

46

GRAHAM GLOBAL INVESTMENT FUND

43

HUTCHIN HILL DIVERSIFIED ALPHA

50

GRAHAM GLOBAL INVESTMENT FUND

43

GRAHAM GLOBAL INVESTMENT FUND-

39

GRANADA EUROPE FUND LTD

22

GRATICULE ASIA MACRO FUND

38

GREEN FUND LLC GREEN CLASS

38

GREEN T G2 FUND

15

GREENLIGHT CAPITAL OFFSHORE, L

26

GREYWOLF CAPITAL OVERSEAS FUND

31

GSA INTERNATIONAL FUND - CLASS

47

D
DAVIDSON KEMPNER DIST. OPP. IN

18

DAVIDSON KEMPNER INTL, LTD - C

31

DB PLATINUM IV DBX SYSTEMATIC

43

FARRINGDON ALPHA ONE

24

DIAMOND CAPITAL MANAGEMENT

34

FINISTERRE CREDIT FUND

13

DISCUS FEEDER LTD CL. B USD ST

43

FINISTERRE GLOBAL OPPORTUNITY

38

DORSET ENERGY FUND, LTD - CLAS

27

FINISTERRE SOVEREIGN DEBT FUND

38

DOUBLE BLACK DIAMOND LTD - SER

50

FIREBIRD NEW RUSSIA FUND, LTD

26

DROMEUS GLOBAL OPPORTUNITIES F

31

FIREBIRD REPUBLICS FUND, LTD

21

DUET GLOBAL FUND PLUS

24

FJ CAPITAL FINANCIAL OPPORTUNI

26

DW CATALYST OFFSHORE FUND LTD

15

FORT GLOBAL DIVERSIFIED

43

DW VALUE OFFSHORE FUND LTD

15

FORTRESS MACRO FUND LTD. CLAS

39

DYMON ASIA MACRO FUND (SERIES

37

G
E

GABELLI ASSOCIATES LIMITED

48

EAGLE DIRECTIONAL MACRO

41

GAM DIVERSITY I INC - US$ CLAS

34

EAGLE GLOBAL

43

GAM DIVERSITY II INC - US$ CLA

34

EAGLE QUANTITATIVE MACRO

41

GAM GLOBAL RATES HEDGE FUND

39

I
III FUND LTD

33

III RELATIVE VALUE CREDIT STRA

33

III SELECT CREDIT FUND LTD CLA

15

IP ALL SEASONS ASIAN CREDIT HE

13

ISAM SYSTEMATIC FUND CLASS A

43

IVORY CAPITAL FLAGSHIP STRATEG

26

IVORY OPTIMAL FUND LTD

27

HABROK LTD

24

HALCYON OFF. ASSET-BACKED VALU

19

JABCAP EMEA FUND CLASS X1

21

JABCAP GLOBAL BALANCED FUND LT

51

HALCYON PARTNERS OFFSHORE FUND 50


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

JABCAP GLOBAL CONVERTIBLE FUND

12

LNG EUROPA CREDIT FUND

14

MAVERICK FUND, LTD - CLASS A/1

24

NEZU CYCLICALS FUND LTD

20

JABCAP MULTI STRATEGY FUND LTD

51

LONDON DIVERSIFIED FUND, LTD -

33

MELLON OFF GLOB OPP FUND LTD -

40

NORDIC ALPHA CLASS B - NOK

22

JENOP GLOBAL HEALTHCARE FUND L

28

LONDON SELECT FUND LIMITED

39

MERCHANT COMMODITY FUND (THE)

37

NORTHLIGHT EUROPEAN FUNDAMENTA 14

JPMORGAN EUROPE DYNAMIC L/S FU

22

LOOMIS SAYLES CREDIT LONG SHOR

16

MERRICKS CAPITAL SOFT COMMODIT

37

LOREM IPSUM MASTER FUND LP

24

MIDOCEAN ABSOLUTE RETURN CREDI

17

LUCERNE CAPITAL FUND L.P.

22

MIDOCEAN CREDIT OPPORTUNITY FU

17

LUCIDUS LEVERAGED CREDIT FUND

16

MILLBURN COMMODITY PROGRAM

37

LYNX (BERMUDA) LTD

43

MILLBURN DIVERSIFIED PROGRAM

43

LYNX BERMUDA 1.5 LTD

43

MILLENNIUM INTL LTD

51

MKP CREDIT OFFSHORE FUND

16

MKP ENHANCED OPPORTUNITY OFFSH

40

MKP OPPORTUNITY OFFSHORE, LTD

40

MLIS - BEACH POINT DIVERSIFIED

16

MLIS - CCI HEALTHCARE LONG SHO

28

MLIS - GRAHAM CAPITAL SYSTEMAT

43

MLIS - MARSHALL W. TOPS UCITS

45

MLIS - OZ EUROPE UCITS FUND CL

31

MLIS - THEOREMA EUROPEAN EQUIT

22

MLM MACRO PEAK PARTNERS OFFSH

40

MOJNA ALPHA LEVERAGED MASTER F

22

MOJNA ALPHA MASTER FUND - EUR

22

MONARCH DEBT RECOVERY FUND LTD

18

MONEDA LATIN AMERICAN CORPORAT

13

MOORE GLOBAL INV FD, LTD - A $

40

MOORE MACRO MANAGERS FUND, LTD

40

MS ASCEND UCITS FUND CLASS I E

25

PALOMA INTERNATIONAL LTD CLASS

51

MUDRICK DISTRESSED OPPORTUNITY

18

PALOMINO FUND LTD CLASS B ORIG

16

PAMPLONA CREDIT OPPORTUNITIES

14

PASSPORT GLOBAL STRATEGY FUND

25

K
KEYNES LEVERAGED QUANTITATIVE
KG INVESTMENT FUND LLC

43
32

KING STREET CAPITAL, LTD

18

KING STREET EUROPE LTD CLASS A

18

KINGDON CREDIT LTD A1/1

16

KINSALE COMPASS FUND

24

M. KINGDON OFFSHORE NV - A/1

24

KITE LAKE (KL) SPECIAL OPPORTU

32

MACQUARIE ASIAN ALPHA FUND

46

KLS DIVERSIFIED FUND LTD

33

L
LANSDOWNE DEVELOPED MARKET FUN 24
LANSDOWNE EUROPEAN EQUITY FD,
LANSDOWNE GLOBAL FINANCIALS FU

22
28

LAZARD GLOBAL HEXAGON FUND

24

LAZARD RATHMORE FUND - CLASS A

12

LC EQUITY FUND LTD

22

LEGG MASON MARTIN CURRIE GF EU

22

LIGHTHORSE CHINA GROWTH FUND L

20

LIM ASIA MULTI-STRATEGY FUND C

46

LIM JAPAN FUND

51

LINDEN INTERNATIONAL LTD

51

LION FUND, LTD (THE)

48

LIONSCREST TAILPRO -US EQUITY

52

LMR ALPHA RATES TRADING FUND,

33

LMR FUND LTD

51

MACQUARIE EUROPEAN ALPHA FUND


MADRAGUE EQUITY LONG SHORT

22

MAN GLG MULTI-STRATEGY FUND CL

51

MAN GLG MULTI-STRATEGY UCITS C

51

MARATHON VERTEX JAPAN FD, LTD

25

MARCATO INTERNATIONAL LTD

31

MARINUS OPPORTUNITIES FUND

17

MARK PARTNERS LP

27

MARKHAM RAE I SUB FUND

41

MARLIN FUND LP

27

MARSHALL WACE - EUROPA FUND A

22

MARSHALL WACE - MW EUREKA A1 E

24

MARSHALL WACE - MW GLOBAL FINA

28

MARSHALL WACE - MW GLOBAL OPPO

24

MARSHALL WACE - MW MARKET NEUT

45

MARSHALL WACE - MW TOPS FUND A

22

MARTIN CURRIE ARF - JAPAN FUND

25

NAPIER PARK EUROPEAN CREDIT OP

MARTIN CURRIE EUROPEAN HEDGE F

22

NEUBERGER BERMAN US LONG SHORT 27

MASTERS FUND LTD MAGNOLIA SERI

34

NEVSKY FUND PLC (COMPOSITE)

Past performance is not a reliable indicator of future performance.


Source - HSBC

46

N
14

O
OBSERVATORY CREDIT MARKETS FUN

14

OCCO EASTERN EUROPEAN FUND A S

21

OCEANIC HEDGE FUND - CLASS A

20

OCP DEBT OPPORTUNITY INTERNATI

17

OCTAGON HIGH INCOME FUND

17

OCTAGON PAN ASIA FUND

20

ODEY EUROPEAN, INC (EUR)

22

OKUMUS OPPORTUNISTIC VALUE FUN

27

OMEGA OVERSEAS PARTNERS, LTD

27

OMNI MACRO FUND I LIMITED

40

ONE WILLIAM STREET CAPITAL FUN

16

ONEWALL GLOBAL FUND

40

ONSLOW MACRO FUND CLASS A

40

ORTUS FUND (CAYMAN) LTD

42

OWL CREEK OVERSEAS FUND, LTD

32

OWS CREDIT OPPORTUNITY FUND

18

OYSTER MARKET NEUTRAL EUR

45

PASSPORT LONG SHORT STRATEGY F

25

PASSPORT SPECIAL OPPORTUNITIES

25

PEGASUS FUND LIMITED SHARES A-

26

25

HSBC Alternative Investment Group

PELAGUS CAPITAL FUND

33

PELHAM LONG/SHORT FUND LTD CLA

22

PENSATO EUROPA FUND LTD EURO C

23

PWP GLOBAL MACRO FUND

40

SEER CAPITAL PARTNERS OFFSHORE

16

THE CAMBRIDGE STRATEGY - APOLL

38

SEGANTII ASIA-PACIFIC EQUITY M

49

THE CAMBRIDGE STRATEGY - ASIAN

37

SELIGMAN TECH SPECTRUM FUND CL

30

THE CAMBRIDGE STRATEGY - EMERG

37

SEMINOLE OFFSHORE FUND

27

THREADNEEDLE UK ABSOLUTE ALPHA

26

SENVEST PARTNERS, LTD - CLASS

29

TIG ARBITRAGE ENHANCED FUND

31

SFP VALUE REALIZATION FUND

25

TIG SECURITIZED ASSET FUND LTD

16

PERCEPTIVE LIFE SCIENCES OFFSH

29

PERSHING SQUARE INTL.LTD

32

PHALANX JAPAN AUSTRALASIA MULT

49

PHARO GAIA FUND, LTD

38

SIERRA EUROPE OFFSHORE, LTD -

23

TILDEN PARK OFFSHORE INVESTMEN

17

PHARO MACRO FUND, LTD

40

SILVER POINT CAPITAL OFFSHORE

18

TONGA PARTNERS LP

29

PHARO TRADING FUND, LTD

38

SINFONIETTA FUND

38

TOSCA CLASS A - USD

28

QMS DIVERSIFIED GLOBAL MACRO

44

QUAM CHINA FOCUS SEGREGATED PO

20

QVT OFFSHORE LTD CLASS 1-NR

51

PIMCO ABSOLUTE RETURN STRATEGY

40

RAVEN ROCK CREDIT OFFSHORE FUN

PIMCO GLOBAL CREDIT OPPORTUNIT

16

RBR EUROPEAN LONG SHORT LTD (E

PIMCO MULTI-ASSET VOLATILITY F

52

REAL RETURN ASIAN FUND LTD (TH

20

SOLAISE SYSTEMATIC FUND LTD (

44

TREND MACRO OFFSHORE LTD

40

PINE RIVER ASIA FUND

12

REDWOOD OFFSHORE FUND

19

SOLUS SOLA LTD CL. I

32

TRIAN PARTNERS LTD

32

PINE RIVER CHINA FUND

49

RENAISSANCE INSTITUTIONAL DIVE

51

SOMERSET SPECIAL OPPORTUNITIES

32

TRICADIA CREDIT STRATEGIES, LT

17

PINE RIVER CONVERTIBLES FUND

12

RENAISSANCE INSTITUTIONAL EQUI

27

SOUND POINT BEACON OFFSHORE FU

18

TRISHIELD SPECIAL SITUATIONS F

32

PINE RIVER CREDIT RELATIVE VAL

16

RENAISSANCE INSTITUTIONAL FUTU

44

SPF CREDIT SUISSE SECURITIZED

16

TRISTAN PARTNERS LP

29

PINE RIVER FIXED INCOME FUND L

16

RESIDENTIAL REAL ESTATE TOTAL

16

SPINNAKER GLOB OPP FUND, LTD C

38

TT INTERNATIONAL FUND

40

PINE RIVER FUND CLASS -B1- SHA

51

ROY G. NIEDERHOFFER DIVERSIFIE

44

SPINNAKER GLOBAL EMERGING MARK

49

TT LONG/SHORT FOCUS FUND

23

PINE RIVER LIQUID RATES FUND

33

RUBICON GLOBAL FUND, LTD

40

SR GLOBAL FUND C - INTERNATION

25

TT MID-CAP EUROPE LONG/SHORT F

23

PINPOINT CHINA FUND CLASS A US

20

RUSSIAN PROSPERITY FUND - A

36

SR GLOBAL FUND H - JAPAN (Real

25

TUDOR B.V.I GLOBAL FUND LTD -A

41

PINPOINT MULTI-STRATEGY FUND

40

RV CAPITAL ASIA OPPORTUNITY FU

38

SR GLOBAL FUND INC - G - GLOBA

21

TUDOR BVI GLOBAL FUND LTD CLAS

41

PLATINUM FUND LTD

25

RWC SAMSARA FUND CLASS A EURO

23

SR PHOENICIA INC CLASS -A- SER

21

TUDOR DISCRETIONARY MACRO FUND

41

PLATINUM PARTNERS VALUE ARBITR

51

RWC US ABSOLUTE ALPHA FUND - C

27

STANDARD PACIFIC CAPITAL -B-

25

TULIP TREND FUND, LTD - A

44

POLAR CAPITAL EUROP CONVICTION

23

STK CAPITAL GLOBAL EQUITIES

25

TWO SIGMA ABSOLUTE RETURN FUND

46

STONE LION FUND LTD CLASS A

18

TWO SIGMA COMPASS CAYMAN FUND

44

STRATEGIC VALUE RESTRUCTURING

18

TYRUS CAPITAL EVENT FUND LTD

32

STRATUS FUND LIMITED CLASS B

51

SUSA EUROPEAN EQUITIES FUND CL

23

POLAR CAPITAL EUROPEAN FORAGER

28

PORTLAND HILL OVERSEAS FUND LT

31

POTOMAC RIVER CAPITAL MASTER F

40

PROLOGUE FEEDER FUND, LTD. CLA

33

PROSIRIS GLOBAL OPPORTUNITIES

16

PSAM REBOUND PORTFOLIO FUND LT

18

PSAM WORLDARB MASTER FUND LTD

32

PWP ASSET BASED VALUE FUND

17

SKYLINE UCITS FUND INSTITUTION

21

TRADELINK INTEGRATED PROGRAM L

44

23

SMN DIVERSIFIED FUTURES FUND

44

TRAXIS SIVIK GLOBAL HEALTHCARE

29

S
SAB OVERSEAS FUND LTD

27

SABA CAPITAL OFFSHORE FUND LTD

16

SAGIL LATIN AMERICAN OPPORTUNI

21

SALAR CONVERTIBLE ABSOLUTE RET

12

SANCTUM FIXED INCOME FUND

33

SCHRODER CAZENOVE UK ABSOLUTE

45

TELLIGENT GREATER CHINA FUND

20

SCHRODER ISF EMERGING MARKET D

13

TEWKSBURY INVESTMENT FUND, LTD

44

Past performance is not a reliable indicator of future performance.


Source - HSBC

17

U
UMJ KOTOSHIRO FUND

HSBC Alternative Investment Group

25

V
VARDEN PACIFIC OPPORTUNITY OFF

17

VISIUM BALANCED OFFSHORE FUND

29

VISIUM GLOBAL OFFSHORE FUND LT

51

VISIUM INSTITUTIONAL PARTNERS

28

VR GLOBAL OFFSHORE FUND LTD

19

W
WEISS MULTI-STRATEGY PARTNERS

51

WELTON GLOBAL DIRECTIONAL PORT

44

WF ASIA FUND LTD S/1

20

WHITEBOX MULTI-STRATEGY FUND

32

WINTON EVOLUTION FUND (THE)

44

WINTON FUTURES FUND - CLASS B

44

WYETREE EUROPEAN RECOVERY FUND 14


WYETREE YIELD DISTRIBUTION FUN

17

Z
ZADIG FUND CLASS A1

23

ZEAL CHINA FUND LTD - USD -NI

20

ZWEIG-DIMENNA INTL LIMITED - C

27

Past performance is not a reliable indicator of future performance.


Source - HSBC

HSBC Alternative Investment Group

Top
Investment Funds

Bottom
Return

QUAM CHINA FOCUS SEGREGATED PORTFOLIO

Date

34.92

03 Jul 15

PERCEPTIVE LIFE SCIENCES OFFSH FUND, LTD

34.35

30 Jun 15

SEGANTII ASIA-PACIFIC EQUITY MULTI-STRATEGY FUND

29.12

03 Jul 15

Investment Funds

Return

Date

HiQ INVEST MARKET NEUTRAL FUND

-17.62

31 May 15

TULIP TREND FUND, LTD - A

-16.43

03 Jul 15

DISCUS FEEDER LTD CL. B USD STANDARD LEVERAGE

-13.85

03 Jul 15

OKUMUS OPPORTUNISTIC VALUE FUND, LTD CLASS C

24.65

30 Jun 15

ODEY EUROPEAN, INC (EUR)

-13.73

30 Jun 15

LUCERNE CAPITAL FUND L.P.

23.78

31 May 15

-13.32

30 Jun 15

PINPOINT MULTI-STRATEGY FUND

23.29

30 Jun 15

THE CAMBRIDGE STRATEGY - APOLLO (EM MACRO)


ABSOLUTE RETURN

GOLDEN CHINA FUND NR CLASS

22.87

03 Jul 15

BROOKFIELD WELLS STREET OFFSHORE LTD

-10.99

30 Jun 15

BORONIA DIVERSIFIED FUND MASTER

-9.03

08 Jul 15

EAGLE DIRECTIONAL MACRO

-8.83

03 Jul 15

SAB OVERSEAS FUND LTD

-7.58

30 Jun 15

LIGHTHORSE CHINA GROWTH FUND LTD

21.05

30 Jun 15

PASSPORT SPECIAL OPPORTUNITIES FUND LTD CLASS


AA

19.83

30 Jun 15

TELLIGENT GREATER CHINA FUND

18.06

31 May 15

AHL CURRENCY FUND

-7.48

03 Jul 15

CCI MICRO HEALTHCARE PARTNERS LTD

17.74

30 Jun 15

DYMON ASIA MACRO FUND (SERIES A)

-7.34

03 Jul 15

PELHAM LONG/SHORT FUND LTD CLASS A EUR

16.77

31 May 15

LYNX BERMUDA 1.5 LTD

-7.16

08 Jul 15

TT LONG/SHORT FOCUS FUND

15.96

30 Jun 15

-7.12

31 May 15

ELECTRON GLOBAL FUND, L.P.

15.85

03 Jul 15

SAGIL LATIN AMERICAN OPPORTUNITIES FUND CLASS


A

RUSSIAN PROSPERITY FUND - A

15.65

02 Jul 15

FORTRESS MACRO FUND LTD. CLASS A

-7.09

31 May 15

SR GLOBAL FUND C - INTERNATIONAL (Real Perf)

15.47

30 Jun 15

EAGLE QUANTITATIVE MACRO

-6.82

03 Jul 15

ELM RIDGE CAPITAL PARTNERS L.P.

-6.73

31 May 15

LIONSCREST TAILPRO -US EQUITY FUND

-6.48

31 May 15

HARNESS MACRO CURRENCY FUND

-6.16

30 Jun 15

DROMEUS GLOBAL OPPORTUNITIES FUND

-6.09

31 May 15

MUDRICK DISTRESSED OPPORTUNITY FUND LTD

-5.79

30 Jun 15

ELEMENT CAPITAL FUND

15.32

30 Jun 15

CAPEVIEW AZRI 2X FUND

15.13

03 Jul 15

ZEAL CHINA FUND LTD - USD -NI

14.26

03 Jul 15

LOREM IPSUM MASTER FUND LP

14.25

31 May 15

This ranking is for information only and should not be considered as exhaustive.
Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

Top
Investment Funds

Bottom
Date

Investment Funds

ISAM SYSTEMATIC FUND CLASS A

Return
62.39

31 Dec 14

RUSSIAN PROSPERITY FUND - A

Return

MERCHANT COMMODITY FUND (THE) - COMPOSITE

59.33

31 Dec 14

FIREBIRD NEW RUSSIA FUND, LTD - CLASS A

-34.59

31 Dec 14

AHL CURRENCY FUND

58.05

31 Dec 14

DORSET ENERGY FUND, LTD - CLASS A

-27.20

31 Dec 14

-43.99

Date
31 Dec 14

SMN DIVERSIFIED FUTURES FUND

57.24

31 Dec 14

PEGASUS FUND LIMITED SHARES A-1

-15.72

31 Dec 14

LYNX BERMUDA 1.5 LTD

42.18

31 Dec 14

HiQ INVEST MARKET NEUTRAL FUND

-15.43

31 Dec 14

CANTAB CAPITAL PARTNERS QUANTITATIVE FUND


(THE) - USD ARISTARCHUS

39.31

31 Dec 14

PHALANX JAPAN AUSTRALASIA MULTI-STRATEGY FUND


LTD

-12.87

31 Dec 14

ANDURAND COMMODITIES FUND

38.31

31 Dec 14

LANSDOWNE GLOBAL FINANCIALS FUND LTD. -N-USD

-12.32

31 Dec 14

PERSHING SQUARE INTL.LTD

37.24

31 Dec 14

ABACO FINANCIALS FUND

-11.47

31 Dec 14

TULIP TREND FUND, LTD - A

36.15

31 Dec 14

SABA CAPITAL OFFSHORE FUND LTD

-10.80

31 Dec 14

CARLYLE TREND FOLLOWING FUND

35.55

31 Dec 14

31 Dec 14

34.88

31 Dec 14

SKYLINE UCITS FUND INSTITUTIONAL SHARE CLASS


(MontLake)

-10.63

SEGANTII ASIA-PACIFIC EQUITY MULTI-STRATEGY FUND


WELTON GLOBAL DIRECTIONAL PORTFOLIO

33.88

31 Dec 14

LNG EUROPA CREDIT FUND

AHL DIVERSIFIED

33.79

31 Dec 14

ASPECT DIVERSIFIED FUND - CLASS A

32.05

31 Dec 14

OKUMUS OPPORTUNISTIC VALUE FUND, LTD CLASS C

31.21

31 Dec 14

GOLDEN CHINA FUND NR CLASS

30.00

31 Dec 14

-10.36

31 Dec 14

TT INTERNATIONAL FUND

-8.57

31 Dec 14

LION FUND, LTD (THE)

-8.29

31 Dec 14

QUAM CHINA FOCUS SEGREGATED PORTFOLIO

-8.20

31 Dec 14

OWL CREEK OVERSEAS FUND, LTD

-8.00

31 Dec 14

ONSLOW MACRO FUND CLASS A

-7.94

31 Dec 14

SELIGMAN TECH SPECTRUM FUND CLASS -A1-S/2-2002

30.00

31 Dec 14

PINE RIVER CHINA FUND

29.88

31 Dec 14

GLG MARKET NEUTRAL FUND - CLASS Z USD


UNRESTRICTED

-7.43

31 Dec 14

MILLBURN COMMODITY PROGRAM

28.09

31 Dec 14

RAVEN ROCK CREDIT OFFSHORE FUND LTD

-7.41

31 Dec 14

GRAHAM GLOBAL INVESTMENT FUND II - K4D-15V COMPOSITE

27.43

31 Dec 14

LIONSCREST TAILPRO -US EQUITY FUND

-7.10

31 Dec 14

SOMERSET SPECIAL OPPORTUNITIES FUND LP

-7.02

31 Dec 14

This ranking is for information only and should not be considered as exhaustive.
Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

10

Top
Investment Funds

Bottom
Return

SFP VALUE REALIZATION FUND

82.12

Date

Investment Funds

31 Dec 13

CANTAB CAPITAL PARTNERS QUANTITATIVE FUND


(THE) - USD ARISTARCHUS

-27.65

31 Dec 13

ORTUS FUND (CAYMAN) LTD

-17.32

31 Dec 13

EAGLE GLOBAL

-15.88

31 Dec 13

BLUETREND FUND, LTD -USD- CLASS A

-11.50

31 Dec 13

AHL CURRENCY FUND

-11.24

31 Dec 13

ISAM SYSTEMATIC FUND CLASS A

-10.66

31 Dec 13

DISCUS FEEDER LTD CL. B USD STANDARD LEVERAGE

-10.32

31 Dec 13

EAGLE QUANTITATIVE MACRO

-10.32

31 Dec 13

EAGLE DIRECTIONAL MACRO

-9.64

31 Dec 13

SENVEST PARTNERS, LTD - CLASS A

79.44

31 Dec 13

MARLIN FUND LP

77.47

31 Dec 13

PEGASUS FUND LIMITED SHARES A-1

63.74

31 Dec 13

SR GLOBAL FUND H - JAPAN (Real Perf)

62.51

31 Dec 13

QUAM CHINA FOCUS SEGREGATED PORTFOLIO

61.80

31 Dec 13

CCI MICRO HEALTHCARE PARTNERS LTD

59.69

31 Dec 13

ALTAI CAPITAL PARTNERS OFFSHORE, LTD

52.07

31 Dec 13

BCM WESTON LP (BILLINGS CAPITAL MANAGEMENT)

50.32

31 Dec 13

OWL CREEK OVERSEAS FUND, LTD

48.63

31 Dec 13

ALCENTRA STRUCTURED CREDIT OPPORTUNITIES


FUND II

48.08

31 Dec 13

Return

Date

HSBC TRADING ADVANTEDGE FUND

-8.75

31 Dec 13

HARMONIC ALPHA PLUS MACRO FUND - USD CLASS

-8.34

31 Dec 13

JABCAP GLOBAL BALANCED FUND LTD CLASS D/1 NI

47.80

31 Dec 13

MILLBURN COMMODITY PROGRAM

-7.65

31 Dec 13

PASSPORT SPECIAL OPPORTUNITIES FUND LTD CLASS


AA

45.50

31 Dec 13

ALPHA4X CAPITAL GROWTH FUND

-7.33

31 Dec 13
31 Dec 13

43.88

31 Dec 13

BLUEBAY EMERGING MARKET CORPORATE ALPHA


FUND

-7.21

PERCEPTIVE LIFE SCIENCES OFFSH FUND, LTD


JABCAP MULTI STRATEGY FUND LTD CLASS D/1 NI

43.03

31 Dec 13

MARKHAM RAE I SUB FUND

-6.81

31 Dec 13

GLENVIEW CAPITAL PARTNERS (CAYMAN), LTD.

42.90

31 Dec 13

SABA CAPITAL OFFSHORE FUND LTD

-6.76

31 Dec 13

PALOMINO FUND LTD CLASS B ORIGINAL SERIES

42.36

31 Dec 13

CONQUEST MACRO FUND, LTD (COMP)

-6.62

31 Dec 13

ANDALUSIAN CORPORATE OPPORTUNITIES FUND LP

41.15

31 Dec 13

LIONSCREST TAILPRO -US EQUITY FUND

-6.33

31 Dec 13

TRIAN PARTNERS LTD

40.06

31 Dec 13

PIMCO MULTI-ASSET VOLATILITY FUND LTD

-6.17

31 Dec 13

TRISTAN PARTNERS LP

38.52

31 Dec 13

MILLBURN DIVERSIFIED PROGRAM

-6.02

31 Dec 13

This ranking is for information only and should not be considered as exhaustive.
Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

11

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Convertible
Ytd Avg. 2015

3.19%

Convertible/Asia
PINE RIVER ASIA FUND
Nikhil Mankodi, Matthew Macpherson

30 Jun 04

$127M
Jul 15

1,859.74

Convertible/Global
BASSO INVESTORS LTD
Howard Fischer

30 Sep 95

JABCAP GLOBAL CONVERTIBLE FUND - D1


Unrestricted
Philippe Jabre

30 Apr 07

LAZARD RATHMORE FUND - CLASS A-2


Sean Reynolds, Christopher Sferruzzo

31 May 07

SALAR CONVERTIBLE ABSOLUTE RETURN FUND


Alex Warren, David Persaud

31 Aug 10

Q
W

Q/M
W

$594M
May 15

7,410.81

$359M
Jun 15

211.46

$891M
Feb 15

215.17

$230M
Apr 15

124.30

30 Jun
15

31 Jul 09

$246M
Jul 15

5.98%

8.08%

5.80%

10.74%

(37.86%)
Jan 08 - Dec 08

Ytd Avg. 2015


4.07%
03 Jul 15 0.04%
2.74%
1.95%

11.45%

9.5%

10.66%

5.80%

(25.00%)
Dec 07 - Oct 08

30 Jun
15

(2.76%)

30 Jun
15

(0.51%)

5.14%

4.13%

27.14%

5.37%

9.59%

12.18%

(28.61%)
May 08 - Nov 08

2.99%

-1.69%

10.45%

4.59%

9.94%

8.10%

(16.23%)
Aug 08 - Nov 08

03 Jul 15 (0.06%)

5.42%

0.71%

10.34%

6.42%

4.60%

3.34%

(3.92%)
Mar 11 - Dec 11

Convertible/USA
PINE RIVER CONVERTIBLES FUND
Franklin Parlamis

Ytd Avg. 2015


(0.69%)
(1.27%) (0.69%)
13.85%

204.35

30 Jun
15

Ytd Avg. 2015


3.52%
0.42%
3.52%
0.41%

19.34%

7.6%

12.84%

6.70%

(5.99%)
Sep 14 - Jan 15

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

12

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Credit
Ytd Avg. 2015

3.07%

Credit/Emerging
ABSOLUTE INSIGHT EMERGING MARKET DEBT FUND 30 Apr 08
CLASS B1P
Colm McDonagh

BAF LATAM TRADE FINANCE FUND


Ernesto Lienhard & team.

29 Feb 08

BLUEBAY EMERGING MARKET CORPORATE ALPHA


FUND
Polina Kurdyavko and Anthony Kettle

31 Oct 11

BLUEBAY EMERGING MARKET FIXED INCOME


OPPORTUNITY FUND
David Dowsett, Rodrigo Da Fonseca

30 Nov 11

CONTRARIAN EMERGING MARKETS OFF FUND LTD


Xiao Song

31 Dec 05

FINISTERRE CREDIT FUND


Rafal Biosse Duplan

31 Jan 06

IP ALL SEASONS ASIAN CREDIT HEDGE FUND


Emil NGUY

31 Jan 02

MONEDA LATIN AMERICAN CORPORATE DEBT FUND 30 Sep 07


-AFernando Tisn and Javier Montero
SCHRODER ISF EMERGING MARKET DEBT A/R -I
ACCGeoffrey Blanning

31 Jan 02

Q
M
W
Q

Daily

1'183M
Apr 15

1.44

$640M
May 15

1,882.28

$54M
Apr 15

113.31

$102M
Jan 15

97.21

$422M
May 15

323.42

$603M
Apr 15

220.70

$230M
Apr 15

24.15

$241M
May 15

1,942.10

$4'150M
May 15

33.52

30 Sep 11

CAIRN SPECIAL OPPORTUNITIES CREDIT FUND


Cairn Capital Limited

31 Dec 07

CAPEVIEW RECOVERY FUND


Theo Phanos

30 Jun 03

CAPITAL FOUR CREDIT OPPORTUNITIES FUND


Capital Four Management Team

31 Dec 09

W
Q
Q
M

-0.65%

11.73%

5.17%

7.09%

(15.32%)
May 08 - Oct 08

31 May
15

0.62%

3.19%

7.76%

8.09%

8.71%

9.11%

0.51%

0.00%
Jan 00 - Jan 00

03 Jul 15 0.36%

3.67%

11.29%

-7.21%

12.29%

5.76%

6.39%

(12.25%)
Feb 13 - Sep 13

30 Jun
15

(3.05%)

30 Jun
15

1.63%

31 May
15

1.06%

30 Jun
15

(0.28%)

(3.38%)

-2.95%

-2.49%

6.99%

(0.79%)

4.33%

(8.57%)
Aug 14 - Jun 15

4.29%

-1.98%

14.61%

23.2%

13.15%

13.65%

(28.43%)
Feb 08 - Oct 08

4.73%

2.62%

4.78%

18%

8.85%

11.37%

(33.64%)
Jun 08 - Dec 08

3.95%

4.94%

2.2%

18.68%

6.79%

8.97%

(38.05%)
Feb 08 - Mar 09

06 Jul 15 (0.50%)

3.53%

3.36%

8.67%

11.48%

8.92%

13.47%

(32.05%)
Aug 08 - Dec 08

08 Jul 15 (0.36%)

(2.25%)

0.62%

0.8%

5.36%

7.19%

5.24%

(9.31%)
Mar 08 - Oct 08

Credit/Europe
ABSOLUTE INSIGHT CREDIT FUND B1P2 EURO
Alex Veroude

Ytd Avg. 2015


1.75%
09 Jul 15 (0.39%) (1.94%)
2.42%

927M
Apr 15

1.27

115M
May 15

186.24

$422M
May 15

342.35

48M
Feb 15

148.98

Ytd Avg. 2015


3.35%
08 Jul 15 (1.40%) (0.13%)
2.21%

7.38%

12.65%

6.47%

4.37%

(3.13%)
Jul 14 - Jan 15

31 May
15

0.85%

03 Jul 15 0.28%

0.13%

2.3%

8.54%

19.95%

8.74%

7.54%

(13.94%)
Jun 11 - Nov 11

2.41%

3.19%

18.23%

8.41%

10.78%

8.60%

(30.45%)
Oct 07 - Dec 08

31 May (0.14%)
15

1.28%

11.37%

16.31%

17.68%

15.91%

7.26%

(6.46%)
May 11 - Nov 11

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

13

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Credit/Europe
CHENAVARI REGULATORY CAPITAL STRATEGY - DR

Chenavari Investment Managers

31 Mar 11

CHENAVARI TORO CAPITAL I A


Chenavari Investment Managers

31 May 09

EIFFEL CREDIT OPPORTUNITIES FUND CLASS A


Emmanuel Weyd, Eiffel Investment Group

30 Nov 11

GLG CROSS ASSET VALUE OFFSHORE FUND LTD


Chris Huggins

30 Nov 12

LNG EUROPA CREDIT FUND


LNG Capital LLP

31 Mar 11

NAPIER PARK EUROPEAN CREDIT OPPORTUNITIES


FUND LTD
Napier Park Global Capital (US) LP

31 Aug 10

NORTHLIGHT EUROPEAN FUNDAMENTAL CREDIT


FUND
NORTHLIGHT GROUP LLP

30 Nov 09

OBSERVATORY CREDIT MARKETS FUND (THE)


Shazad Ghaffar

30 Jun 04

PAMPLONA CREDIT OPPORTUNITIES FUND


Yves Leysen

31 Aug 08

WYETREE EUROPEAN RECOVERY FUND (WERF)


WyeTree Asset Management

31 Aug 13

M
M
M
M
Q

M
M
M

$222M
May 15

175.73

$407M
Feb 15

1,057.94

130M
Jun 15

1,458.70

$275M
May 15

1,210.23

$148M
May 15

1,218.81

362M
May 15

249.06

$179M
May 15

1,483.81

$1'088M
Jun 15

317.35

439M
May 15

203.30

74M
May 15

121.22

30 Apr 09

ALCENTRA GLOBAL SPECIAL SITUATIONS FUND


Alcentra Ltd / David Forbes-Nixon

31 Oct 07

ALCENTRA STRUCTURED CREDIT OPPORTUNITIES


FUND
Alcentra Ltd / Hiram Hamilton

31 Aug 09

ALCENTRA STRUCTURED CREDIT OPPORTUNITIES


FUND II
Alcentra Ltd / Hiram Hamilton

31 Jan 11

ARISTEIA INTERNATIONAL LTD


Anthony M. Frascella, William R. Techar

01 Aug 97

$1'503M
May 15

260.10

134M
May 15

155.33

210M
May 15

558.22

277M
May 15

290.45

$2'362M
Jun 15

874.45

31 May
15

YTD

2014

Ytd Avg. 2015


3.35%
1.34%
5.40%
8.84%

2013

15.19%

2012

36.91%

Ann. Return

14.48%

Ann. Vol

Max
Drawdown1

5.05%

(4.65%)
Jul 11 - Sep 11

2.06%

12.49%

24.82%

32.93%

32.42%

48.14%

11.54%

(5.11%)
Jul 11 - Oct 11

03 Jul 15 0.30%

4.36%

4.53%

8.11%

20.07%

11.08%

5.90%

(4.47%)
Apr 12 - Jun 12

Credit/Global
AG MORTGAGE VALUE PARTNERS LTD
Jonathan Lieberman

31 May
15

MTD

26 Jun
15

0.03%

31 May
15

1.69%

30 Jun
15

(0.18%)

30 Jun
15

(0.05%)

30 Jun
15

(1.29%)

26 Jun
15

(0.85%)

2.96%

4.68%

11.5%

0.71%

7.71%

3.61%

(3.53%)
Jun 14 - Sep 14

6.93%

-10.36%

16.1%

19.58%

5.03%

8.90%

(12.90%)
Jun 14 - Dec 14

4.65%

8.89%

31.11%

55.73%

20.78%

9.34%

(14.95%)
May 11 - Dec 11

3.46%

5.91%

12.51%

6.31%

7.32%

2.42%

(1.28%)
Apr 12 - Jun 12

1.22%

3.31%

7.25%

13.46%

11.06%

6.29%

(12.74%)
Jul 07 - Jul 08

1.00%

6.55%

12.68%

19.87%

10.96%

7.13%

(17.90%)
Apr 11 - Dec 11

31 May (0.90%) 0.79%


16.86%
15
Ytd Avg. 2015
3.24%
31 May 1.20%
4.06%
10.07%
15
31 May
15

2.62%

31 May
15

0.90%

31 May
15

2.36%

30 Jun
15

(1.08%)

12.81%

-1.88%

2.91%

11.63%

4.48%

(1.59%)
Sep 14 - Dec 14

12.91%

20.59%

17.00%

4.05%

(1.66%)
May 13 - Jun 13

12%

16.64%

5.98%

15.41%

(48.74%)
Oct 07 - Dec 08

4.14%

7.28%

29.09%

44.15%

34.85%

17.82%

(15.92%)
May 11 - Nov 11

2.71%

5.51%

48.08%

50.97%

27.91%

13.01%

(8.17%)
May 11 - Sep 11

(2.06%)

-3.13%

15.67%

11.2%

12.86%

8.88%

(30.20%)
May 08 - Dec 08

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

14

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Credit/Global
ASGARD FIXED INCOME FUND LTD
Morten Mathiesen

30 Jun 03

AXONIC CREDIT OPPORTUNITIES OVERSEAS


FUND,LTD
Clayton DeGiacinto

31 Dec 10

BLUEBAY CREDIT ALPHA LONG SHORT FUND


Geraud Charpin

31 Oct 11

BLUECREST MULTI STRATEGY CREDIT FUND


BlueCrest Capital Management

31 Oct 07

BLUEMOUNTAIN CREDIT ALTERNATIVES FUND


BlueMountain Capital Management

31 Oct 03

CANDLEWOOD STRUCTURED CREDIT FUND LTD


Greg Richter and Brian Herr

31 Dec 10

CANDLEWOOD STRUCTURED CREDIT HARVEST FD


LTD
Greg Richter and Brian Herr

31 Jul 12

CHENAVARI CORPORATE CREDIT STRATEGY M1


Chenavari Investment Managers

30 Sep 08

COHERENCE CAPITAL SPECTRUM FUND OFFSHORE


FUND
Coherence Capital Partners LLC

31 Jul 12

CQS ABS FEEDER FUND - CLASS -B1- USD


Simon Finch

30 Sep 06

DW CATALYST OFFSHORE FUND LTD


DW Partners, LP

31 Jul 09

DW VALUE OFFSHORE FUND LTD


DW Partners, LP

29 Feb 12

ELLINGTON CREDIT OPPORTUNITIES FUND LTD


Ellington Management Group, LLC

30 Apr 08

ELLINGTON MORTGAGE OPPORTUNITIES MASTER


FUND LTD
Ellington Management Group, LLC

31 Jan 09

GREEN T G2 FUND
Darryl Green, Geoffrey Sherry

28 Feb 99

III SELECT CREDIT FUND LTD CLASS -ALester Coyle

31 Dec 07

M
Q

M
Q
Q
M
Q

M
Q

Q
Q
HY
Q
Q

Q
Q

270M
May 15

500.30

$1'233M
May 15

176.43

217M
Jan 15

135.40

$1'816M
Jun 15

178.19

$7'083M
May 15

272.68

$469M
May 15

190.07

$522M
May 15

148.91

$386M
May 15

154.08

$96M
Jun 15

14.18

$2'099M
May 15

5,521.48

$4'400M
Apr 15

188.03

$910M
Apr 15

159.65

$640M
Apr 15

281.87

$350M
Feb 15

265.19

$560M
May 15

194.45

$267M
May 15

1,984.17

Date

MTD

YTD

2014

Ytd Avg. 2015


3.24%
03 Jul 15 0.21%
7.69%
10.6%

2013

16.02%

2012

34.12%

Ann. Return

14.34%

Ann. Vol

Max
Drawdown1

6.67%

(10.40%)
Aug 08 - Oct 08

30 Jun
15

3.22%

6.54%

10.87%

12.1%

25.69%

13.45%

4.02%

(3.35%)
Jul 11 - Oct 11

03 Jul 15 0.11%

3.30%

0.92%

11.78%

26.2%

11.16%

4.80%

(3.07%)
Mar 14 - Oct 14

30 Jun
15

(1.41%)

30 Jun
15

(0.49%)

30 Jun
15

0.30%

30 Jun
15

0.40%

3.92%

6.44%

8.99%

7.23%

7.82%

5.72%

(7.59%)
Apr 11 - Jan 12

3.51%

2.67%

7.87%

14.51%

8.98%

5.90%

(11.82%)
Aug 08 - Dec 08

2.20%

10.35%

12%

20.12%

15.35%

3.48%

(1.55%)
May 13 - Jun 13

3.65%

13.78%

14.05%

10.71%

14.64%

3.43%

(2.20%)
May 13 - Jun 13

31 May (0.41%)
15

2.44%

30 Jun
15

0.04%

1.48%

30 Jun
15

(1.08%)

30 Jun
15

(1.20%)

30 Jun
15

(1.60%)

30 Jun
15

0.65%

30 Jun
15

(0.37%)

3.94%

13.84%

17.22%

12.07%

5.32%

(6.82%)
Apr 11 - Aug 11

2.83%

18.98%

14.17%

12.71%

4.61%

(2.98%)
Jun 14 - Oct 14

1.27%

8.02%

9.7%

16.85%

21.55%

10.91%

(3.86%)
Apr 07 - Jun 07

0.95%

5.8%

13.91%

15.34%

11.26%

4.19%

(5.05%)
May 11 - Dec 11

0.33%

8.1%

23.7%

19.01%

15.06%

5.25%

(2.00%)
May 13 - Jun 13

3.73%

7.89%

15.28%

27.73%

15.55%

5.57%

(1.84%)
Apr 11 - Jul 11

1.87%

7.25%

9.64%

13.29%

16.42%

3.91%

(0.58%)
Mar 13 - Apr 13

03 Jul 15 (0.20%)

(1.00%)

-0.08%

2.66%

2.76%

5.92%

3.50%

(4.26%)
Dec 03 - Jul 04

30 Jun
15

(0.33%)

0.02%

6.02%

8.56%

11.95%

9.70%

6.21%

(8.44%)
Aug 08 - Nov 08

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

15

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Credit/Global
KINGDON CREDIT LTD A1/1
Michael Pohly

30 Sep 09

LOOMIS SAYLES CREDIT LONG SHORT FUND


Kevin Kearns and Tom Stolberg

31 Aug 07

LUCIDUS LEVERAGED CREDIT FUND


Darryl Green, Geoffrey Sherry

28 Feb 11

MKP CREDIT OFFSHORE FUND


MKP Capital Management, L.L.C.

28 Feb 99

MLIS - BEACH POINT DIVERSIFIED CREDIT UCITS


FUND CLASS B USD
Carl Goldsmith and Scott Klein

31 Mar 13

ONE WILLIAM STREET CAPITAL FUND


OWS Capital Management

31 Mar 08

PALOMINO FUND LTD CLASS B ORIGINAL SERIES


David Tepper

31 Dec 94

PIMCO GLOBAL CREDIT OPPORTUNITY FUND


SERIES 1
Dan Ivascyn / Jon Horne

30 Jun 06

PINE RIVER CREDIT RELATIVE VALUE FUND


Mike O'Connell, Abhishek Bhutra

31 Dec 06

PINE RIVER FIXED INCOME FUND LTD


Steve Kuhn, Colin Teichholtz, Brendan McAllister, Jiayi
Chen

31 Aug 08

PROSIRIS GLOBAL OPPORTUNITIES FUND


Reza Ali

30 Jun 11

RESIDENTIAL REAL ESTATE TOTAL RETURN OPP.


FUND (RRETRO FUND)
WyeTree Asset Management

30 Nov 08

SABA CAPITAL OFFSHORE FUND LTD


Boaz Weinstein

31 Jul 09

SEER CAPITAL PARTNERS OFFSHORE FUND LTD


Phil Weingord, Richard d'Albert, Seer Capital

30 Apr 09

SPF CREDIT SUISSE SECURITIZED PRODUCTS


MASTER FUND LTD
Albert Sohn

31 Dec 11

TIG SECURITIZED ASSET FUND LTD


Stuart Lippman, David Liu

30 Sep 12

Q
Q
Q
Q
W

Y/Q
Y
Q

Q
Q

Q
Q

Q
Q
Q

$375M
Jun 15

1,733.25

$785M
May 15

181.84

$506M
Mar 15

108.91

$2'294M
May 15

560.69

$191M
Feb 15

109.28

$1'045M
Jun 15

2,005.17

$7'954M
Mar 15

10,804.06

$2'408M
May 15

185.85

$143M
Jul 15

203.89

$3'027M
Jul 15

512.39

$1'175M
May 15

174.22

$224M
May 15

221.71

$1'553M
Jun 15

107.71

$1'710M
Mar 15

224.03

$2'639M
Jun 15

156.79

$834M
Jun 15

152.75

30 Jun
15
30 Jun
15

MTD

YTD

2014

Ytd Avg. 2015


3.24%
(0.30%) 5.79%
3.42%

2013

15.67%

2012

8.3%

Ann. Return

10.17%

Ann. Vol

Max
Drawdown1

5.01%

(6.34%)
May 11 - Sep 11

(0.75%)

4.86%

-1.35%

4.76%

12.48%

7.93%

6.26%

(9.90%)
Jun 08 - Sep 08

03 Jul 15 (0.49%)

(2.26%)

-0.21%

5.01%

5.23%

1.98%

3.56%

(4.34%)
Feb 15 - Jul 15

02 Jul 15 0.22%

2.21%

5.39%

11.22%

19.59%

11.12%

5.34%

(8.94%)
Feb 11 - Oct 11

07 Jul 15 (0.34%)

2.60%

-2.52%

9.26%

3.99%

4.54%

(5.75%)
Jun 14 - Jan 15

30 Jun
15

0.00%

30 Jun
15

(0.54%)

31 May
15

1.41%

30 Jun
15

(2.17%)

30 Jun
15

(0.79%)

31 May
15

0.70%

31 May
15

0.40%

30 Jun
15

0.39%

30 Jun
15

(0.98%)

15 Jun
15

0.00%

31 May
15

0.43%

3.01%

10.05%

5.75%

18.98%

10.07%

5.44%

(8.43%)
Feb 11 - Nov 11

13.47%

2.28%

42.36%

29.29%

25.65%

19.61%

(49.05%)
Feb 98 - Sep 98

4.49%

4.34%

7.45%

15.18%

7.19%

4.88%

(12.86%)
Jun 07 - Nov 08

2.27%

-5.43%

12.84%

14.26%

8.74%

8.13%

(12.14%)
Dec 07 - Dec 08

0.96%

6.13%

10.18%

34.85%

27.01%

9.30%

(8.83%)
Jul 11 - Oct 11

0.95%

7.02%

16.35%

22.49%

15.21%

4.17%

(1.49%)
Oct 14 - Feb 15

2.93%

12.66%

17.56%

24.07%

13.03%

6.04%

(14.92%)
Feb 11 - Dec 11

2.98%

-10.8%

-6.76%

-3.87%

1.26%

7.46%

(28.08%)
Jun 12 - Mar 15

2.71%

5.41%

12.13%

25.85%

13.97%

5.01%

(7.47%)
May 11 - Nov 11

3.39%

10.31%

18.04%

16.46%

13.89%

2.97%

(0.57%)
May 13 - Jun 13

4.89%

15.17%

20.05%

5.33%

17.22%

2.57%

(0.11%)
May 13 - Jun 13

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

16

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Credit/Global
TRICADIA CREDIT STRATEGIES, LTD
Arif Inayatullah & Michael Barnes

31 Mar 05

VARDEN PACIFIC OPPORTUNITY OFFSHORE FUND I


LTD
Varden Pacific LLC

31 Mar 11

Q
Q

$1'798M
Apr 15

366.33

$373M
May 15

144.58

30 Jun
15
31 May
15

Credit/USA
400 CAPITAL CREDIT OPPORTUNITIES
Chris Hentemann

31 Jan 09

ACUITY CORPORATE OPPORTUNITY FUND LTD


John Harnisch

31 Dec 09

BEACH POINT TOTAL RETURN OFFSHORE FUND II,


LTD
Carl Goldsmith, Scott Klein,

30 Jun 96

BRIGADE LEVERAGED CAPITAL STRUCTURES FUND


LTD
Don Morgan

31 Dec 06

MARINUS OPPORTUNITIES FUND


Najib Canaan

31 Mar 12

MIDOCEAN ABSOLUTE RETURN CREDIT FUND


MidOcean Credit Fund Management LP

31 Jan 10

MIDOCEAN CREDIT OPPORTUNITY FUND CLASS B


MidOcean Credit Fund Management LP

31 Mar 09

OCP DEBT OPPORTUNITY INTERNATIONAL LTD


Onex Credit Partners

30 Jun 01

OCTAGON HIGH INCOME FUND


Andrew D. Gordon

31 Jan 11

PWP ASSET BASED VALUE FUND


David Schiff

31 Mar 08

RAVEN ROCK CREDIT OFFSHORE FUND LTD


Nate Brown, Guy Caplan, Bobby Richardson

31 Aug 09

TILDEN PARK OFFSHORE INVESTMENT FUND LTD


Josh Birnbaum

31 Dec 10

WYETREE YIELD DISTRIBUTION FUND (WYDF)


WyeTree Asset Management

30 Nov 12

Q
M
Q

Q
M
Q
Q
M
Q
M
Q
M

$1'348M
Apr 15

292.31

$200M
Jun 15

158.37

$2'300M
May 15

647.07

$3'737M
Mar 15

165.45

$346M
May 15

124.27

$458M
Jan 15

146.53

$774M
Jan 15

228.03

$291M
May 15

277.63

$144M
Feb 15

135.44

$944M
Jan 15

273.24

$247M
Apr 15

161.07

$3'682M
May 15

220.35

$87M
May 15

116.42

31 May
15

MTD

YTD

2014

Ytd Avg. 2015


3.24%
0.42%
2.10%
3.94%

2013

10.57%

2012

12.73%

Ann. Return

13.50%

Ann. Vol

7.04%

Max
Drawdown1

(10.77%)
Jun 08 - Nov 08

0.94%

5.35%

9.15%

15.14%

28.54%

9.24%

11.68%

(18.02%)
Mar 11 - Sep 11

Ytd Avg. 2015


3.17%
0.32%
2.91%
12.35%

15.24%

34.21%

18.46%

5.72%

(2.91%)
May 11 - Oct 11

30 Jun
15

(2.20%)

30 Jun
15

(1.19%)

30 Jun
15

(2.17%)

31 May
15

0.22%

30 Jun
15

0.07%

30 Jun
15

(0.07%)

31 May
15

0.87%

30 Jun
15

(0.19%)

31 May
15

0.31%

31 May
15

0.88%

31 May
15

0.88%

31 May
15

0.30%

2.90%

1.31%

8.61%

11.14%

8.72%

4.40%

(3.23%)
Jul 11 - Nov 11

3.59%

-0.67%

12.61%

13.86%

10.32%

7.93%

(24.04%)
Oct 07 - Dec 08

4.03%

0.22%

5.96%

6.7%

6.10%

6.27%

(19.42%)
Jun 08 - Dec 08

1.82%

3.08%

6.11%

11.59%

7.10%

2.36%

(1.60%)
Sep 14 - Nov 14

3.37%

0.24%

7.66%

10.87%

7.31%

3.97%

(5.29%)
Jun 14 - Jan 15

4.23%

1.05%

10.07%

10.78%

14.09%

6.25%

(4.30%)
Aug 14 - Dec 14

(0.18%)

0.47%

9.93%

9.21%

7.61%

6.31%

(24.14%)
Jun 07 - Dec 08

3.91%

0.94%

9.04%

19.9%

7.11%

6.88%

(10.79%)
Jul 11 - Aug 11

1.08%

11.82%

14.16%

10.69%

15.05%

4.72%

(2.43%)
Sep 08 - Dec 08

7.88%

-7.41%

5.8%

8.46%

8.64%

6.11%

(12.63%)
Jun 14 - Jan 15

3.03%

14.06%

20.51%

41.34%

19.59%

5.21%

(1.33%)
Sep 14 - Jan 15

2.63%

7.78%

5.46%

-0.2%

6.27%

3.28%

(3.72%)
May 13 - Jun 13

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

17

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Distressed Security
Ytd Avg. 2015

1.25%

Distressed Security/Europe
KING STREET EUROPE LTD CLASS A
O. Francis Biondi, Jr., Brian J. Higgins

30 Jun 07

$1'000M
Apr 15

177.43

30 Jun
15

Distressed Security/Global
CANDLEWOOD SPECIAL SITUATIONS FUND LTD
Michael Lau and David Koenig

30 Apr 03

CANYON VALUE REALIZATION FD, LTD - CLASS A


M.R. Julis & J.S. Friedman

31 Dec 94

CERBERUS INTL. LTD CLASS A A/C 191


Steve Feinberg

31 May 93

CONTRARIAN CAPITAL FUND I OFFSHORE LTD


Jon Bauer

30 Sep 86

DAVIDSON KEMPNER DIST. OPP. INT. LTD - CLASS C


TRN 1 Anthony A. Yoseloff, Avi Z. Friedman and Conor Bastable

31 Mar 05

KING STREET CAPITAL, LTD


O. Francis Biondi Jr & Brian J. Higgins

31 Dec 96

MONARCH DEBT RECOVERY FUND LTD


Michael Weinstock, Andrew Herenstein

31 Mar 02

MUDRICK DISTRESSED OPPORTUNITY FUND LTD


Jason Mudrick

30 Jun 09

OWS CREDIT OPPORTUNITY FUND


OWS Capital Management

31 Dec 10

PSAM REBOUND PORTFOLIO FUND LTD


P.Schoenfeld Asset Management LLC

28 Feb 03

SILVER POINT CAPITAL OFFSHORE LTD


Edward Mul

31 Dec 01

SOUND POINT BEACON OFFSHORE FUND, LTD


Stephen Ketchum & Jeffrey Teach

30 Nov 13

STONE LION FUND LTD CLASS A


Greg Hanley and Alan Mintz

31 Oct 08

STRATEGIC VALUE RESTRUCTURING FUND


Victor Khosla

31 Aug 02

Q
Q
Q
Y
Y

Q
Y
Q
Y/Q
Q
Q
HY
Q
Q/Y

$1'186M
May 15

824.73

$7'009M
Apr 15

8,110.21

$746M
Jan 15

1,111,944.03

$2'589M
Apr 15

2,575.90

$1'195M
Mar 15

2,665.33

$12'100M
Mar 15

624.36

$1'530M
May 15

3,988.63

$916M
Jun 15

176.56

$396M
Jun 15

1,572.51

$269M
May 15

261.58

$4'600M
Jan 15

4,515.57

$164M
May 15

133.05

$682M
Mar 15

2,154.99

$1'522M
Mar 15

359.03

30 Jun
15

Ytd Avg. 2015


0.11%
0.05%
0.11%
3.54%

10.98%

7.43%

6.04%

(8.56%)
May 11 - Nov 11

Ytd Avg. 2015


1.17%
(2.00%) (0.74%)
5.68%

12.53%

14.78%

18.92%

10.80%

(28.11%)
May 08 - Nov 08

31 May
15

0.94%

30 Jun
15

0.37%

30 Jun
15

(1.82%)

30 Jun
15

(0.79%)

30 Jun
15

(0.55%)

31 May
15

1.13%

30 Jun
15

(3.40%)

30 Jun
15

0.00%

31 May
15

0.22%

30 Jun
15

(1.10%)

31 May
15

1.22%

3.67%

4.32%

15.65%

18.05%

10.79%

8.17%

(28.82%)
Oct 07 - Nov 08

2.74%

23.09%

14.1%

12.05%

11.52%

6.24%

(22.26%)
May 08 - Feb 09

(1.07%)

0.46%

17.01%

24.31%

11.96%

9.48%

(33.22%)
Jun 07 - Feb 09

0.32%

2.96%

21.95%

13.51%

10.03%

9.60%

(26.27%)
Oct 07 - Nov 08

(0.62%)

4.59%

11.63%

12.54%

10.40%

4.00%

(5.21%)
May 11 - Nov 11

2.16%

1.37%

18.36%

11.57%

11.07%

7.62%

(32.31%)
Oct 07 - Dec 08

(5.79%)

15.7%

7.73%

21.85%

9.93%

6.36%

(8.55%)
Mar 11 - Sep 11

3.43%

12.3%

12.47%

23.41%

10.59%

4.32%

(7.86%)
Apr 11 - Oct 11

0.13%

-1.16%

12.61%

14.01%

8.16%

8.20%

(32.91%)
Jul 07 - Mar 09

(0.40%)

3.08%

16.11%

20.04%

11.81%

8.09%

(35.48%)
Jun 07 - Dec 08

5.50%

18.36%

6.54%

20.98%

7.20%

(3.17%)
Sep 14 - Jan 15

31 May (0.83%)
15
30 Jun
15

12.53%

0.37%

(2.44%)

-3.22%

16.52%

11.31%

12.37%

8.16%

(9.46%)
Aug 14 - May 15

5.03%

1.7%

16.17%

13.18%

10.47%

7.47%

(24.47%)
May 07 - Jan 09

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

18

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Distressed Security/Global
VR GLOBAL OFFSHORE FUND LTD
Richard Deitz

30 Apr 99

$1'876M
May 15

37,840.81

31 May
15

Distressed Security/USA
HALCYON OFF. ASSET-BACKED VALUE FUND LTD
Joseph Wolnick ,Joseph Godley and Jim Coppola

30 Nov 05

REDWOOD OFFSHORE FUND


Jonathan Kolatch

31 Jul 00

Q
Y

$1'448M
May 15

2,987.76

$2''817M
Apr 15

738.34

30 Jun
15
30 Jun
15

MTD

YTD

2014

Ytd Avg. 2015


1.17%
0.80%
5.59%
-0.4%

2013

32.33%

2012

20.69%

Ann. Return

25.32%

Ann. Vol

Max
Drawdown1

14.84%

(48.38%)
May 08 - Mar 09

Ytd Avg. 2015


2.43%
0.00%
2.49%
6.74%

6.66%

16.14%

12.09%

5.19%

(13.32%)
Aug 08 - Mar 09

(1.30%)

2.37%

1.59%

17.62%

21.94%

14.34%

10.46%

(36.28%)
May 07 - Dec 08

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

19

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Equity-Commodity
Ytd Avg. 2015

2.02%

Equity-Commodity/Global
OCEANIC HEDGE FUND - CLASS A
Cato Brahde, Andreas Vergottis, Bjorn Rise

31 Jul 02

$450M
Apr 15

3,788.66

Ytd Avg. 2015


2.02%
03 Jul 15 0.34%
2.02%
3.87%

23.3%

-7.73%

10.85%

7.97%

(12.78%)
Nov 11 - Jul 12

Equity-Diversified
Ytd Avg. 2015

5.89%

Equity-Diversified/Asia
GOLDEN CHINA FUND NR CLASS
George Jiang,

30 Jun 04

LIGHTHORSE CHINA GROWTH FUND LTD


Shawn Kang

31 Dec 05

NEZU CYCLICALS FUND LTD


Fuyuki Fujiwara

31 Jul 05

OCTAGON PAN ASIA FUND


Poh Min Lam & Nelson Chia

30 Sep 04

PINPOINT CHINA FUND CLASS A USD


Qiang Wang

31 May 05

QUAM CHINA FOCUS SEGREGATED PORTFOLIO


Chris Choy

30 Jun 05

REAL RETURN ASIAN FUND LTD (THE)


Ezra Sun

30 Sep 04

TELLIGENT GREATER CHINA FUND


Ching-Shan Lin

31 Jul 04

WF ASIA FUND LTD S/1


Scobie Ward

31 Jan 01

ZEAL CHINA FUND LTD - USD -NI


Daniel POON Chun Pong

31 Dec 09

M
M
Q
M
M
Q
M
M
M
M

$2'125M
May 15

216.17

$113M
Jan 15

445.82

$166M
May 15

284.39

$139M
Jun 15

219.24

$598M
Apr 15

949.91

$76M
Jan 15

575.29

$372M
Apr 15

320.87

$345M
Apr 15

423.84

$600M
Apr 15

480.43

$226M
May 15

170.98

31 Jan 07

$41M
May 15

30%

17.48%

26.91%

29.17%

24.18%

(64.64%)
Oct 07 - Nov 08

30 Jun
15

(5.90%)

21.05%

-0.51%

15.85%

-14.51%

17.04%

19.93%

(41.06%)
Feb 08 - Dec 08

03 Jul 15 0.86%

5.44%

16%

27.39%

-6.58%

11.10%

12.12%

(25.06%)
Oct 07 - Feb 09

30 Jun
15

(0.62%)

30 Jun
15

(3.34%)

5.09%

-4.44%

4.6%

11.8%

7.57%

8.46%

(10.69%)
Oct 07 - Jan 09

9.00%

17.46%

9.26%

8.06%

25.00%

19.52%

(42.16%)
Oct 07 - Nov 08

03 Jul 15 (10.18%) 34.92%

-8.2%

61.8%

16.99%

19.26%

23.89%

(33.28%)
Oct 07 - Mar 09

03 Jul 15 (2.57%)

8.60%

4.33%

13.35%

9.02%

11.44%

9.67%

(15.09%)
Apr 11 - May 12

31 May
15

1.55%

30 Jun
15

0.69%

18.06%

-6.27%

28.57%

10.76%

14.25%

17.97%

(46.90%)
Oct 07 - Oct 08

03 Jul 15 (4.18%)

13.22%

5.71%

11.72%

27.68%

11.50%

12.66%

(37.65%)
Oct 07 - Nov 08

14.26%

0.92%

5.55%

12.89%

10.23%

14.70%

(13.00%)
Dec 09 - Feb 10

Equity-Diversified/Brazil
BNY MELLON ARX BRAZIL FUND SPC LONG SHORT
Bruno Garcia, Frederico Saraiva & Rogerio Poppe

Ytd Avg. 2015


15.25%
03 Jul 15 (3.80%) 22.87%

1,730.27

Ytd Avg. 2015


(5.65%)
31 May (2.68%) (5.65%)
5.08%
15

5.22%

11.03%

6.80%

8.70%

(23.95%)
Jun 08 - Oct 08

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

20

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Equity-Diversified/Emerging
APERIOS EMERGING CONNECTIVITY MASTER FUND
LTD
Aperios Partners Investment Management LLP

31 Dec 11

FIREBIRD REPUBLICS FUND, LTD


Harvey Sawikin & Ian Hague

30 Apr 97

JABCAP EMEA FUND CLASS X1


Carl Tohme

30 Sep 08

OCCO EASTERN EUROPEAN FUND A SHARES


Andrew Wiles

31 Dec 01

SAGIL LATIN AMERICAN OPPORTUNITIES FUND


CLASS A
Adrian Landgrebe and Brad Jones

30 Jun 09

SKYLINE UCITS FUND INSTITUTIONAL SHARE CLASS


(MontLake)
Geoff Bamber, David Tovar,

31 Jul 11

Q
M
Y/Q
M

SR GLOBAL FUND INC - G - GLOBAL OPPORTUNITIES 29 Feb 96


PTF (Real Perf)
Richard Chenevix-Trench

SR PHOENICIA INC CLASS -A- SERIES 1


Richard Atherton

31 Jul 01

$82M
Jun 15

115.04

$139M
Jan 15

886.96

$225M
Jun 15

252.85

$434M
Jun 15

401.66

$85M
May 15

134.55

$135M
Jan 15

127.00

$425M
Jan 15

1,536.76

$120M
Jan 15

550.53

30 Jun
15

30 Sep 97

ADRIGO HEDGE
Gran Torne

30 Nov 06

ANTARES EUROPEAN FUND, LTD - USD


Peter Miles Testa, Luca Orsini Baroni

08 Dec 98

AQUILUS INFLECTION FUND LTD EUR SHS


Richard Vogel

31 Jul 07

CAPEVIEW AZRI 2X FUND


Michael Sakkas and Sushil Shah

30 Sep 10

CAPEVIEW AZRI FUND


Michael Sakkas and Sushil Shah

31 Oct 07

COVALIS CAPITAL CLASS B


Zach Mecelis

31 Dec 12

GLG EUROPEAN LONG SHORT FUND CL-D- Inst


Pierre Lagrange, Simon Savage, Neil Mason

30 Sep 00

Q
M
M
M
M
M
M
M

$1'766M
Feb 15

545.28

$193M
Feb 15

171.49

$546M
Feb 15

659.26

418M
Apr 15

144.49

$240M
Apr 15

197.48

$410M
May 15

191.06

$212M
Apr 15

122.64

$361M
May 15

333.32

YTD

30 Jun
15

(1.21%)

19 Jun
15

(0.64%)

(0.55%)

11.49%

2012

9.92%

Ann. Return

10.78%

Ann. Vol

Max
Drawdown1

7.91%

(10.13%)

-22.64%

24.2%

13.26%

12.76%

29.52%

(73.20%)
Sep 97 - Jan 99

5.08%

7.15%

9.23%

6.94%

14.72%

9.59%

(10.02%)
Apr 11 - May 12

4.12%

-2.56%

11.63%

7.73%

11.84%

7.47%

(20.86%)
Jun 08 - Oct 08

31 May (1.62%)
15

(7.13%)

30 Jun
15

(2.13%)

(0.27%)

30 Jun
15

(3.10%)

30 Jun
15

(3.20%)

30 Jun
15

2013

May 13 - Aug 13

0.66%

30 Jun
15

2014

Ytd Avg. 2015


3.18%
(1.53%) 4.01%
12.24%

30 Jun
15

Equity-Diversified/Europe
ADELPHI EUR. FUND $ (A)
Roderick Jack, Marcel Jongen

MTD

6.71%

7.91%

14.48%

5.14%

8.68%

(12.70%)
Jun 14 - Feb 15

-10.63%

10.01%

25%

6.29%

11.69%

(14.57%)
Aug 14 - Jun 15

11.63%

2.7%

18.09%

-0.88%

18.45%

17.45%

(37.25%)
Oct 07 - Feb 09

8.51%

4.63%

20.89%

8.13%

13.03%

17.54%

(56.02%)
Oct 07 - Feb 09

Ytd Avg. 2015


6.37%
(3.60%) 5.45%
9.35%

17.28%

14.08%

10.02%

11.40%

(26.28%)
May 07 - Feb 09

(1.22%)

2.82%

4.32%

12.83%

5.91%

6.48%

5.04%

(9.13%)
May 07 - Oct 08

03 Jul 15 0.59%

13.84%

5.5%

28.79%

1.7%

12.05%

14.72%

(32.68%)
Jun 07 - Dec 08

03 Jul 15 (0.33%)

5.89%

7.37%

14.59%

18.73%

4.75%

8.68%

(22.46%)
Oct 07 - Oct 08

03 Jul 15 1.03%

15.13%

9.86%

24.8%

12.65%

15.37%

6.47%

(7.15%)
Feb 14 - May 14

03 Jul 15 0.50%

7.04%

4.6%

11.51%

5.82%

8.80%

3.58%

(3.66%)
Feb 14 - May 14

31 May (0.39%)
15

4.16%

26 Jun
15

5.64%

0.60%

3.71%

14.99%

-1.27%

9.40%

4.41%

(2.45%)
Feb 14 - Jun 14

-5.24%

7.09%

5.75%

8.51%

7.93%

(17.94%)
Oct 07 - Oct 08

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

21

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Equity-Diversified/Europe
GRANADA EUROPE FUND LTD
Swiss Hedge Capital AG, Andreas Zehnder

31 Aug 04

JPMORGAN EUROPE DYNAMIC L/S FUND-A10-03


Jonathan Ingram, John Baker, Anis Lahlou-Abid

30 Sep 03

LANSDOWNE EUROPEAN EQUITY FD, LTD - A (EUR)


David Craigen

31 Aug 98

LC EQUITY FUND LTD


Limmat Capital Alternative Investments AG

30 Sep 05

LEGG MASON MARTIN CURRIE GF EUROPEAN


ABSOLUTE ALPHA FUND
Michael Browne, Frost

31 Aug 10

LUCERNE CAPITAL FUND L.P.


Pieter Taselaar, Thijs Hovers

31 Dec 01

MADRAGUE EQUITY LONG SHORT


Madrague Capital Partners

31 Jan 12

MARSHALL WACE - EUROPA FUND A USD


Ernesto Fragomeni

31 Oct 06

MARSHALL WACE - MW TOPS FUND A EUR


Anthony Clake

31 Dec 04

MARTIN CURRIE EUROPEAN HEDGE FUND CLASS


-BMichael Browne & Steve Frost

31 Dec 00

M
M
M
M
D

M
M
M

MLIS - THEOREMA EUROPEAN EQUITY LONG SHORT 31 May 10


UCITS FUND - EUR B (acc)
Theorema Asset Management Limited

MOJNA ALPHA LEVERAGED MASTER FUND - EUR


NNI
Jakob Nordestedt, Michael OMara

30 Nov 07

MOJNA ALPHA MASTER FUND - EUR


Jakob Nordestedt, & Michael O'Mara

31 Dec 02

NORDIC ALPHA CLASS B - NOK


Thomas Raaschou, Christian T. Nygaard

31 Aug 03

ODEY EUROPEAN, INC (EUR)


Crispin Odey

31 May 92

PELHAM LONG/SHORT FUND LTD CLASS A EUR


Ross Turner

31 Oct 07

M
M
W
M

CHF57M
Jun 15

1,592.62

413M
Mar 15

449.41

$367M
Mar 15

220.53

CHF104M
Jun 15

280.90

365M
May 15

13.74

$316M
Jun 15

554.97

137M
May 15

140.56

$131M
Jun 15

159.98

$270M
Jun 15

228.69

$536M
Feb 15

316.74

66M
Apr 15

115.29

$94M
May 15

167.23

$175M
Jan 15

170.71

NOK838M
May 15

276.75

2'705M
Mar 15

828.35

3'529M
Apr 15

224.08

30 Jun
15

MTD

YTD

2014

Ytd Avg. 2015


6.37%
(1.71%) 3.11%
2.12%

2013

-3.57%

2012

-8.93%

Ann. Return

4.39%

Ann. Vol

Max
Drawdown1

4.79%

(13.54%)
Sep 11 - Dec 13

30 Jun
15

1.72%

30 Jun
15

0.51%

30 Jun
15

(0.68%)

31 May
15

2.45%

31 May
15

4.81%

31 May
15

1.04%

4.80%

1.1%

15.93%

-4.72%

13.64%

8.33%

(16.39%)
Jun 08 - Nov 09

7.27%

-4.32%

21.51%

4.56%

9.07%

11.64%

(21.60%)
May 08 - Feb 09

0.08%

2.7%

5.27%

2.04%

11.17%

5.87%

(5.29%)
Jun 11 - Aug 11

4.79%

1.54%

20.02%

14.91%

6.91%

6.59%

(9.23%)
Dec 10 - Sep 11

23.77%

10.8%

29.19%

26.9%

15.10%

20.36%

(60.03%)
May 07 - Feb 09

10.06%

-5.52%

31.03%

3.16%

10.76%

8.63%

(8.92%)
Jan 12 - Jun 12

07 Jul 15 (0.40%)

8.46%

3.96%

7.44%

8.72%

5.56%

8.27%

(26.47%)
Jun 07 - Sep 08

07 Jul 15 0.13%

5.19%

6.72%

16.17%

11.31%

8.18%

7.42%

(21.75%)
Oct 07 - Feb 09

30 Jun
15

(1.00%)

1.84%

1.9%

21.33%

13.51%

7.14%

7.36%

(11.03%)
Jun 08 - Feb 09

07 Jul 15 (0.41%)

5.05%

-5.61%

7.94%

4.37%

2.83%

7.30%

(12.02%)
Sep 11 - Jul 12

03 Jul 15 0.27%

4.23%

-5.77%

14.82%

-4.33%

7.01%

6.38%

(11.33%)
Dec 13 - Aug 14

03 Jul 15 0.05%

0.81%

-3.32%

4.93%

-2.69%

4.37%

2.71%

(5.36%)
Dec 13 - Aug 14

31 May
15

1.27%

30 Jun
15

0.23%

31 May
15

3.74%

9.08%

14.46%

23.77%

12.14%

9.05%

10.77%

(32.36%)
Dec 07 - Feb 09

(13.73%)

5.48%

25.76%

30.69%

12.82%

16.77%

(50.64%)
Jan 94 - Jul 95

16.77%

2.58%

32.52%

16.89%

11.22%

10.68%

(12.25%)
May 08 - Dec 08

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

22

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Equity-Diversified/Europe
PENSATO EUROPA FUND LTD EURO CLASS
Graham Clapp & Edward Rumble

31 May 08

POLAR CAPITAL EUROP CONVICTION FUND LIMITED


Robert Gurner & Andrew Marsh

31 Mar 06

RBR EUROPEAN LONG SHORT LTD (Ex Rhine Alpha


Stars)
Rudolf Bohli

30 Apr 05

RWC SAMSARA FUND CLASS A EURO


Ajay Gambhir

17 Sep 07

SIERRA EUROPE OFFSHORE, LTD - CLASS C USD


Charles Michaels

28 Feb 97

SUSA EUROPEAN EQUITIES FUND CLASS A NIE EUR


Reza Amiri

28 Feb 09

TT LONG/SHORT FOCUS FUND


Vikram Kumar

30 Jun 13

TT MID-CAP EUROPE LONG/SHORT FUND LTD - CL B


David Grimbley

30 Apr 05

ZADIG FUND CLASS A1


Laurent Saglio

30 Nov 05

M
M
M

M
M
M
M
M
M

81M
Mar 15

135.85

64 M
May 15

160.31

$130M
May 15

3,140.10

$264M
Apr 15

150.25

$95M
Apr 15

531.28

$464M
Apr 15

189.10

$190M
Apr 15

126.29

710M
May 15

306.51

179M
Feb 15

229.65

30 Jun
15
30 Jun
15

ANAVON MASTER FUND LTD CLASS -BAvi Fruchter and Avraham Mevorah

31 Dec 10

ATLAS FUNDAMENTAL TRADING FUND LTD


Dmitry Balyasny, Managing Partner & CIO

30 Jun 08

BEACONLIGHT OFFSHORE FUND LTD


Ed Bosek

31 Dec 09

BLUECREST EQUITY STRATEGIES FUND


BlueCrest Capital Management Ltd, Christian Dalban

31 Jul 13

BLUEMOUNTAIN LONG SHORT EQUITY FUND L.P.


BlueMountain Capital Management LLC

30 Jun 11

BROOKFIELD GLOBAL LISTED INFRASTRUCTURE


SEC. OFFSHORE FUND
Brookfield Investment Management Inc.

30 Apr 08

M
Q
Q
Q
M

YTD

2014

Ytd Avg. 2015


6.37%
(0.24%) 7.64%
-4.99%

2013

1.99%

2012

11.22%

Ann. Return

4.42%

Ann. Vol

Max
Drawdown1

5.93%

(8.88%)
May 13 - Apr 14

(0.69%)

(2.69%)

2.97%

1.9%

8.07%

5.23%

8.04%

(5.84%)
May 11 - Aug 11

03 Jul 15 1.20%

2.29%

13.94%

20.33%

29.45%

11.90%

18.02%

(55.01%)
Jun 07 - Nov 08

30 Jun
15

(0.86%)

3.07%

3.63%

17.47%

2.95%

5.37%

7.40%

(11.62%)
Jun 11 - May 12

03 Jul 15 (0.21%)

3.99%

-1.76%

4.48%

11.82%

9.53%

8.71%

(16.98%)
Mar 00 - Jan 03

03 Jul 15 0.73%

13.25%

-4.8%

17.78%

15.22%

10.56%

11.09%

(16.04%)
May 11 - Sep 11

30 Jun
15

(0.85%)

30 Jun
15

1.53%

15.96%

-2.65%

11.87%

12.38%

9.60%

(5.74%)
Feb 14 - Jul 14

7.82%

2.64%

14.43%

6.9%

11.64%

8.38%

(7.41%)
Apr 06 - Sep 06

03 Jul 15 (0.28%)

7.29%

-6.33%

8.9%

11.02%

9.05%

11.01%

(19.14%)
Aug 08 - Oct 08

Equity-Diversified/Global
ANAVON GLOBAL EQUITY LONG SHORT UCITS FUND 30 Sep 14
Avi Fruchter/ Avraham Mevorah

MTD

$68M
Jun 15

107.37

$72M
May 15

144.92

$158M
Apr 15

1,443.70

$181M
May 15

143.70

$1'105M
Apr 15

113.81

$298M
May 15

161.01

$192M
May 15

213.47

30 Jun
15

Ytd Avg. 2015


6.49%
(2.30%) 0.76%
6.56%

9.97%

6.82%

(2.30%)
May 15 - Jun 15

31 May
15

0.10%

30 Jun
15

1.13%

15 Jun
15

0.37%

30 Jun
15

(0.88%)

30 Jun
15

(1.71%)

30 Jun
15

(2.18%)

2.91%

6.66%

11.45%

12.62%

8.76%

7.24%

(8.57%)
Jul 11 - Sep 11

3.29%

12.64%

8.54%

-3.47%

5.38%

8.65%

(13.57%)
Sep 11 - Jun 13

11.41%

-4.32%

22.4%

6.8%

6.87%

8.96%

(15.02%)
Mar 11 - Sep 11

7.92%

9.26%

5.16%

11.89%

6.19%

(5.07%)
Feb 14 - Apr 14

8.52%

19.38%

19.48%

3.66%

12.64%

6.14%

(3.95%)
Apr 12 - Jun 12

(3.25%)

7.93%

11.13%

16.99%

11.16%

12.66%

(22.19%)
Apr 08 - Nov 08

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

23

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Equity-Diversified/Global
CARLYLE LIQUID TACTICAL FUND
Michael Beaton

31 Jul 14

DUET GLOBAL FUND PLUS


Jason McNab

31 Jul 10

ECOFIN VISTA LONG SHORT FUND


Matthew Breidert

30 Nov 12

EXANE TEMPLIERS FUND


Jean-Francois Roussel, Stphane Arrouays, Henri-Daniel
Samama, Exane Asset Management

28 Feb 06

FARRINGDON ALPHA ONE


Bram Cornelisse, Andreas Tholstrup, Dennis van Wees

31 Dec 06

GLADE BROOK GLOBAL OFFSHORE FUND LTD


CLASS-A- NRPaul Hudson

30 Sep 11

HABROK LTD
Ketan Gadhia and Rahul Khanna

31 Mar 04

HORSEMAN GLOBAL FUND USD


Russell Clark & Bobby Turnbull

31 Jan 01

KINSALE COMPASS FUND


Peter A Kinney

31 Oct 11

LANSDOWNE DEVELOPED MARKET FUND, LTD (GBP)


NNI
Peter Davies, Stuart Roden, Jonathon Regis

31 Jul 01

LAZARD GLOBAL HEXAGON FUND


Jean-Daniel Malan

31 May 10

LOREM IPSUM MASTER FUND LP


John Segrich

31 Jul 13

M. KINGDON OFFSHORE NV - A/1


Mark Kingdon

28 Feb 86

MARSHALL WACE - MW EUREKA A1 EUR


Paul Marshall

07 Jan 98

MARSHALL WACE - MW GLOBAL OPPORTUNITIES A


USD
Fehim Sever

28 Feb 09

MAVERICK FUND, LTD - CLASS A/1


Lee Ainslie III

28 Feb 95

M
M
M
W

M
Q

Q
M
M
M

M
Q
Q
M
M

$123M
May 15

108.04

$1'500M
Jan 15

126.39

$105M
May 15

121.36

144M
Apr 15

17,410.57

$285M
Apr 15

211.10

$253M
Mar 15

1,272.06

$86M
Jan 15

306.75

$683M
May 15

618.84

$225M
Jun 15

159.75

$8'534M
Mar 15

699.28

$460M
Apr 15

127.35

$102M
May 15

139.42

$1'206M
Jun 15

187.82

$6'219M
Jun 15

456.02

$1'220M
Jun 15

230.56

$1'626M
May 15

1,663.47

Date

MTD

YTD

2014

2013

2012

Ytd Avg. 2015


6.49%
31 May (0.10%) 4.35%
3.54%
15
31 May
15

1.30%

30 Jun
15

(1.68%)

1.40%

-0.38%

Ann. Return

9.72%

Ann. Vol

Max
Drawdown1

6.14%

(2.80%)
Aug 14 - Sep 14

3.95%

11.05%

6.19%

3.15%

(2.56%)
Feb 14 - May 14

13.79%

-0.21%

7.14%

-0.24%

7.79%

7.66%

(4.70%)
Feb 14 - Apr 14

07 Jul 15 (0.08%)

0.33%

-1.64%

1.85%

0.77%

4.43%

3.00%

(2.89%)
Apr 11 - May 12

07 Jul 15 (0.96%)

10.69%

6.78%

10.56%

19.44%

9.16%

10.76%

(16.50%)
May 08 - Oct 08

30 Jun
15

0.70%

30 Jun
15

(0.60%)

2.12%

-1.36%

19.76%

13.1%

6.62%

8.47%

(10.31%)
Feb 14 - Apr 14

0.13%

7.01%

13.15%

6.85%

10.47%

14.38%

(38.55%)
May 08 - Jan 09

08 Jul 15 3.88%

4.56%

12.63%

19.15%

16.28%

13.45%

15.91%

(33.75%)
Feb 09 - Jun 10

30 Jun
15

(0.93%)

30 Jun
15

2.12%

12 Jun
15

(1.17%)

31 May
15

6.00%

9.00%

6.56%

15.74%

16.75%

13.63%

4.64%

(2.10%)
Apr 12 - May 12

3.69%

11.49%

33.26%

17.87%

14.99%

10.74%

(20.07%)
Dec 10 - Dec 11

3.10%

-1.95%

8.98%

13.45%

4.71%

4.74%

(7.43%)
May 11 - Sep 11

02 Jul 15 0.42%

14.25%

12.27%

8.69%

19.87%

11.38%

(6.64%)
Aug 14 - Oct 14

13.83%

8.23%

23.82%

11.78%

15.13%

12.51%

(30.15%)
Sep 87 - Oct 87

07 Jul 15 (1.04%)

7.14%

8.44%

21.61%

7.45%

13.31%

8.89%

(23.24%)
Oct 07 - Oct 08

07 Jul 15 (0.61%)

(2.87%)

6.3%

13.37%

6.83%

14.04%

9.45%

(7.61%)
Jan 15 - Apr 15

02 Jul 15 (0.06%)

14.12%

8.51%

16.46%

15.46%

12.52%

11.34%

(30.04%)
May 08 - Nov 08

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

24

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Equity-Diversified/Global
MS ASCEND UCITS FUND CLASS I EUR
Malcolm Fairbairn

30 Apr 11

NEVSKY FUND PLC (COMPOSITE)


Martin Taylor and Nick Barnes

30 Sep 00

PASSPORT GLOBAL STRATEGY FUND


John Burbank

31 Jul 00

PASSPORT LONG SHORT STRATEGY FUND


John Burbank, Tim Garry

30 Jun 10

PASSPORT SPECIAL OPPORTUNITIES FUND LTD


CLASS AA
John Burbank

30 Apr 08

PLATINUM FUND LTD


Kerr Neilson

31 May 94

SR GLOBAL FUND C - INTERNATIONAL (Real Perf)


Hugh Sloane

31 Dec 93

STANDARD PACIFIC CAPITAL -BDoug Dillard and Raj Venkatesan

30 Sep 95

STK CAPITAL GLOBAL EQUITIES


Daniel Grozdea

30 Nov 10

W
M
Q
M
H-Y

M
M
Q
M

$186M
May 15

1,111.46

$1'697M
Jun 15

1,420.93

$2'000M
Jun 15

1,121.78

$562M
Mar 15

143.40

$495M
Apr 15

253.54

$499M
May 15

91.00

$645M
Jan 15

766.82

$200M
May 15

544.85

$113M
May 15

139.70

Date

31 Dec 04

ALPHAGEN HOKUTO FUND LTD - CLASS A


John Stewart & Robert Tull

31 Oct 00

ALPHAGEN JAPAN ABS RETURN FD, LTD


William Garnett and Jeremy Hall

30 Jun 00

MARATHON VERTEX JAPAN FD, LTD CLASS B


William Arah

31 May 03

MARTIN CURRIE ARF - JAPAN FUND


John-Paul Temperley

30 Jun 00

SFP VALUE REALIZATION FUND


Greg McEntyre

31 Oct 03

SR GLOBAL FUND H - JAPAN (Real Perf)


Hugh Sloane, Alex Kydd

30 Sep 03

UMJ KOTOSHIRO FUND


Masahiro Koshiba

31 Oct 08

M
M
M
Q
M
Q
M
M

YTD

2014

Ytd Avg. 2015


6.49%
07 Jul 15 (0.21%) 1.58%
5.11%

2013

12.16%

2012

-0.14%

Ann. Return

2.55%

Ann. Vol

Max
Drawdown1

3.88%

(7.23%)
May 11 - Dec 12

30 Jun
15

(2.31%)

30 Jun
15

(0.80%)

30 Jun
15

0.10%

30 Jun
15

(3.50%)

30 Jun
15

(2.60%)

30 Jun
15

(2.60%)

31 May
15

1.70%

30 Jun
15

(1.27%)

Equity-Diversified/Japan
AKAMATSU FUND
Philip Kay

MTD

$105M
Apr 15

209.70

$161M
Feb 15

218.94

$346M
Feb 15

296.66

$465M
Feb 15

2,875.57

$258M
Feb 15

22.62

$320M
Jan 15

427.83

$135M
Jan 15

196.21

$204M
May 15

208.96

30 Jun
15

8.88%

-1.43%

18.07%

14.61%

19.70%

13.78%

(22.14%)
Oct 07 - Feb 09

10.45%

0.9%

23.02%

11.08%

17.59%

25.57%

(52.74%)
Jun 08 - Dec 08

8.21%

-6.24%

19.89%

12.13%

7.47%

8.17%

(10.06%)
Apr 11 - Dec 11

19.83%

9.94%

45.5%

-5.67%

13.86%

26.03%

(43.24%)
Jun 08 - Nov 08

3.35%

-2.67%

21.76%

17.44%

11.04%

12.07%

(30.48%)
Oct 07 - Feb 09

15.47%

8.36%

36.28%

1.03%

13.01%

20.87%

(50.10%)
Apr 08 - Aug 12

7.03%

-0.04%

20.2%

-4.66%

9.00%

8.22%

(15.87%)
Jul 11 - Nov 12

1.54%

5.27%

16.09%

9.35%

7.57%

7.81%

(8.80%)
Apr 11 - Sep 11

Ytd Avg. 2015


7.17%
0.21%
4.34%
5.88%

21.71%

-3.45%

7.31%

6.98%

(12.18%)
Mar 12 - Oct 12

03 Jul 15 (0.10%)

4.16%

0.57%

7.4%

-1.01%

5.48%

4.21%

(4.80%)
May 11 - Aug 12

03 Jul 15 0.40%

11.15%

-1.17%

26.63%

-0.58%

7.51%

9.91%

(19.05%)
Feb 11 - Aug 12

30 Jun
15

(0.43%)

22 Jun
15

(0.23%)

30 Jun
15

5.92%

30 Jun
15

(4.10%)

31 May
15

3.53%

12.66%

2.91%

23.38%

4.89%

9.13%

8.23%

(11.76%)
Jun 09 - Oct 10

4.99%

-5.48%

28.56%

4.23%

5.60%

8.14%

(15.76%)
Apr 10 - May 12

9.18%

10.82%

82.11%

44.54%

13.26%

19.41%

(55.47%)
Jan 06 - Oct 10

7.68%

0.41%

62.51%

31.05%

6.19%

20.18%

(35.57%)
Mar 08 - Jul 10

3.20%

15.2%

32.05%

17.83%

11.84%

7.96%

(9.48%)
Jul 09 - Sep 10

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

25

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Equity-Diversified/Russia
FIREBIRD NEW RUSSIA FUND, LTD - CLASS A
Harvey Sawikin & Ian Hague

30 Jun 96

$103M
May 15

1,691.97

Equity-Diversified/UK
ALPHAGEN OCTANIS CLASS A
Ben Wallace & Luke Newman

28 Feb 05

BLACKROCK UK EQUITY HEDGE FUND


Nigel Ridge & Imran Sattar

30 Apr 05

PEGASUS FUND LIMITED SHARES A-1


David Yarrow, Angus Donaldson

31 Oct 97

THREADNEEDLE UK ABSOLUTE ALPHA FUND


Chris Kinder & Mark Westwood

30 Sep 10

M
M
M
D

$3'700M
May 15

256.78

$545M
May 15

221.34

$140M
Jan 15

59.63

$518M
Mar 15

134.52

31 Jan 93

ALLIANCE BERNSTEIN SELECT US EQUITY LONG


SHORT
Kurt Feuerman

30 Nov 99

ASCEND PARTNERS FUND II LTD - A


Malcolm Fairbairn

31 Jan 04

BAY RESOURCES PARTNERS OFFSHORE FUND


Thomas Claugus

31 Jul 98

M
Y/Q

Q
M

BCM WESTON LP (BILLINGS CAPITAL MANAGEMENT) 31 Jan 08


Billings Capital Management LLC

COBALT OFFSHORE LTD


Wayne Cooperman

31 Dec 96

ELM RIDGE CAPITAL PARTNERS L.P.


Ronald Gutfleish

31 Dec 99

FJ CAPITAL FINANCIAL OPPORTUNITY FUND LTD


Martin Friedman

31 Dec 07

GLENVIEW CAPITAL PARTNERS (CAYMAN), LTD.


Lawrence M. Robbins

31 Dec 00

GREENLIGHT CAPITAL OFFSHORE, LTD - A/1


David Einhorn

30 Sep 96

IVORY CAPITAL FLAGSHIP STRATEGY


Curtis Macnguyen

30 Nov 98

Q
Q
Q
Q
Q

YTD

2014

Ytd Avg. 2015


4.95%
(3.92%) 4.95%
-34.59%

2013

4.08%

2012

Ann. Return

11.42%

16.04%

Ann. Vol

Max
Drawdown1

38.52%

(81.79%)
Mar 98 - Sep 98

Ytd Avg. 2015


3.78%
03 Jul 15 0.27%
4.02%
4.01%

16.77%

3.87%

9.54%

5.92%

(10.72%)
May 07 - Mar 08

30 Jun
15

0.56%

12 Jun
15

(0.68%)

4.83%

6.93%

6.42%

4.27%

8.12%

5.65%

(11.70%)
Jun 08 - Oct 08

3.96%

-15.72%

63.74%

1.06%

10.71%

15.14%

(35.27%)
May 98 - Oct 98

08 Jul 15 (0.33%)

2.30%

5.4%

10.7%

2.91%

6.41%

3.84%

(3.17%)
Jun 11 - Sep 11

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

30 Jun
15

MTD

$463M
Feb 15

1,124.02

$139M
Apr 15

4,593.09

$448M
May 15

210.21

$2'629M
May 15

10,720.33

$103M
May 15

263.86

$472M
Mar 15

814.46

$551M
Mar 15

490.01

$128M
May 15

236.26

$4'306M
Jan 15

776.99

$4'047M
Jan 15

165,384.92

$922M
May 15

4,433.84

Ytd Avg. 2015


1.53%
03 Jul 15 (0.02%) 0.04%
-6.92%

20.33%

3.85%

11.39%

18.74%

(44.44%)
May 08 - Dec 08

07 Jul 15 0.45%

0.48%

2.76%

16.27%

6.17%

10.26%

6.99%

(9.98%)
May 08 - Feb 09

02 Jul 15 0.21%

2.03%

4.75%

11.59%

3.48%

6.72%

4.17%

(5.23%)
Apr 11 - Dec 11

30 Jun
15

(1.00%)

(0.72%)

5.04%

22.23%

9.24%

15.04%

15.61%

(39.02%)
May 08 - Feb 09

31 May (0.14%)
15

10.03%

30 Jun
15

1.20%

(0.35%)

3.42%

50.32%

15.2%

14.14%

10.92%

(13.70%)
Mar 11 - Sep 11

4.92%

8.88%

4.49%

12.00%

7.88%

(19.53%)
Apr 98 - Sep 98

31 May (4.20%)
15
31 May
15

0.96%

30 Jun
15

0.23%

30 Jun
15

(4.40%)

30 Jun
15

(2.10%)

(6.73%)

-1.31%

22.28%

-14.08%

10.85%

12.90%

(19.41%)
Apr 10 - Nov 12

3.29%

9.76%

25.15%

25.9%

12.29%

13.75%

(27.44%)
May 08 - Feb 09

7.06%

14.44%

42.9%

24.24%

15.18%

15.97%

(49.17%)
May 07 - Dec 08

(3.22%)

7.51%

18.76%

7.66%

16.13%

10.79%

(27.17%)
May 08 - Oct 08

(0.61%)

6.8%

17.07%

10.5%

9.39%

5.92%

(12.61%)
May 08 - Nov 08

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

26

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Equity-Diversified/USA
IVORY OPTIMAL FUND LTD
Curtis Macnguyen

31 Dec 08

MARK PARTNERS LP
Morris Mark

30 Jun 85

MARLIN FUND LP
Michael Masters

30 Jun 95

NEUBERGER BERMAN US LONG SHORT EQUITY


FUND
Neuberger Berman Group LLC

28 Feb 14

OKUMUS OPPORTUNISTIC VALUE FUND, LTD CLASS


C
Ahmet H. Okumus

31 Dec 12

OMEGA OVERSEAS PARTNERS, LTD CLASS A


Leon Cooperman

31 Dec 91

RENAISSANCE INSTITUTIONAL EQUITIES LP (B)


Renaissance Technologies LLC

31 Jul 05

RWC US ABSOLUTE ALPHA FUND - CLASS B


Mike Corcell

30 Sep 09

SAB OVERSEAS FUND LTD


Scott Bommer

31 Jul 00

SEMINOLE OFFSHORE FUND


Michael G. Messner, Paul C. Shiverick

31 May 98

ZWEIG-DIMENNA INTL LIMITED - CLASS A


Joseph DiMenna / Martin Zweig

31 May 87

Q
Q
M
D

HY

M
M
D
3Q / Q
Q
Q

$1'939M
May 15

213.23

$500M
Mar 15

6,827.03

$416M
May 15

12,913.12

$299M
Apr 15

10.53

$556M
May 15

221.91

$2'686M
Mar 15

980.18

$2'073M
May 15

209.22

$378M
Apr 15

133.74

$525M
Mar 15

433.87

$1'236M
Apr 15

767.74

$1'396M
Jan 15

112,397.15

30 Jun
15
30 Jun
15

MTD

YTD

2014

Ytd Avg. 2015


1.53%
(2.98%) (0.12%)
11.31%

2013

28.31%

2012

16.41%

Ann. Return

12.36%

Ann. Vol

Max
Drawdown1

8.19%

(10.14%)
Apr 11 - Sep 11

1.00%

6.40%

1.33%

38.27%

19.89%

15.11%

20.78%

(76.22%)
Dec 99 - Sep 02

31 May (1.61%)
15

(3.48%)

08 Jul 15 (0.09%)

0.66%

21.72%

77.47%

31.53%

27.62%

25.06%

(60.15%)
Oct 07 - Feb 09

4.61%

3.88%

3.69%

(1.82%)
Aug 14 - Sep 14

30 Jun
15

3.00%

30 Jun
15

(1.90%)

30 Jun
15

(1.70%)

24.65%

31.21%

35.68%

37.62%

15.33%

(15.56%)
Oct 14 - Jan 15

4.41%

-2.13%

30.02%

25.66%

10.19%

14.41%

(42.55%)
May 07 - Feb 09

(3.42%)

13.84%

16.78%

8.29%

7.73%

10.17%

(35.73%)
May 07 - Apr 09

07 Jul 15 0.23%

0.27%

5.45%

14.28%

16.32%

5.17%

5.74%

(9.19%)
Apr 10 - Dec 11

30 Jun
15

(6.80%)

(7.58%)

-3.59%

23.57%

21.5%

10.33%

11.78%

(17.57%)
Mar 10 - Aug 10

02 Jul 15 0.40%

(5.37%)

11.04%

23.18%

5.08%

12.66%

12.17%

(15.62%)
May 02 - Mar 03

31 May
15

3.55%

4.49%

4.64%

21.25%

-1.18%

14.45%

14.91%

(50.23%)
Feb 00 - Dec 02

Equity-Energy
Ytd Avg. 2015

(1.11%)

Equity-Energy/USA
DORSET ENERGY FUND, LTD - CLASS A
David M. Knott, Donald Textor

31 Oct 00

$225M
Feb 15

40.04

30 Jun
15

Ytd Avg. 2015


(1.11%)
(7.08%) (1.11%)
-27.2%

29.76%

-6.43%

9.92%

22.24%

(49.55%)
Jun 08 - Dec 08

Equity-Financial
Ytd Avg. 2015

7.20%

Equity-Financial/Global
ABACO FINANCIALS FUND
Abaco Asset Management LLP

31 May 03

$445M
Apr 15

222.40

30 Jun
15

Ytd Avg. 2015


7.20%
0.79%
3.90%
-11.47%

15.74%

4.84%

6.83%

5.99%

(11.68%)
Nov 13 - Dec 14

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

27

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Equity-Financial/Global
BAY POND INVESTORS (BERMUDA), LP -A/1- NEW
ISSUE
Nicholas C. Adams, Partner

31 Dec 95

LANSDOWNE GLOBAL FINANCIALS FUND LTD.


-N-USD
William de Winton

30 Jun 04

MARSHALL WACE - MW GLOBAL FINANCIALS M/N A


USD
Amit Rajpal

31 Oct 08

TOSCA CLASS A - USD


Johnny de la Hey

30 Sep 00

BY

$5'922M
Apr 15

242.74

$183M
Apr 15

295.43

$92M
Jun 15

147.71

$543M
May 15

294.91

31 May
15
30 Jun
15

MTD

YTD

2014

Ytd Avg. 2015


7.20%
2.00% 11.41%
-1.68%

2013

20.27%

2012

20.41%

Ann. Return

17.84%

Ann. Vol

Max
Drawdown1

16.42%

(63.22%)
Apr 98 - Mar 99

(0.82%)

2.80%

-12.33%

23.03%

17.78%

10.34%

13.12%

(26.25%)
Apr 10 - May 12

07 Jul 15 (1.00%)

7.12%

6.52%

5.76%

-0.75%

6.01%

5.61%

(8.01%)
Nov 11 - Aug 12

30 Jun
15

(1.07%)

10.77%

-6.79%

30.5%

24.94%

7.60%

16.75%

(67.54%)
Dec 07 - Nov 08

Equity-Healthcare
Ytd Avg. 2015

9.41%

Equity-Healthcare/Global
CCI HEALTHCARE PARTNERS LTD
Oliver Marti, CCI Healthcare Partners

31 Dec 00

CCI MICRO HEALTHCARE PARTNERS LTD


Oliver Marti, CCI Healthcare Partners

31 Dec 12

JENOP GLOBAL HEALTHCARE FUND LTD SERIES A


David Chan

31 Oct 12

M
Q
W

MLIS - CCI HEALTHCARE LONG SHORT UCITS FUND - 31 Jan 10


B (acc) USD
Oliver Marti, CCI Healthcare Partners

VISIUM INSTITUTIONAL PARTNERS FUND LTD


Jacob Gottlieb, Visium Asset Management

31 May 10

$1'100M
May 15

372.00

$65M
May 15

226.65

$232M
Mar 15

17.22

$629M
May 15

155.43

$116M
Apr 15

143.54

30 Jun
15

Ytd Avg. 2015


9.41%
(0.93%) 3.77%
7.67%

26.54%

6.56%

9.48%

8.43%

(17.89%)
Oct 07 - Sep 08

30 Jun
15

5.67%

30 Jun
15

0.84%

17.74%

20.54%

59.69%

38.80%

22.00%

(17.78%)
Feb 14 - May 14

11.55%

21.95%

27.17%

-0.45%

22.65%

12.95%

(11.12%)
Feb 14 - Apr 14

07 Jul 15 0.01%

3.65%

7.41%

26.97%

5.51%

8.46%

8.76%

(10.57%)
Feb 14 - Apr 14

02 Jul 15 (0.76%)

10.35%

2.11%

20.91%

5.73%

7.36%

6.54%

(6.90%)
Feb 14 - Nov 14

Equity-Mid-Small Cap
Ytd Avg. 2015

1.68%

Equity-Mid-Small Cap/Europe
POLAR CAPITAL EUROPEAN FORAGER FUND LTD AX
Robert Gurner & Andrew Marsh

31 Jul 03

626M
May 15

323.21

Equity-Mid-Small Cap/UK
ALPHAGEN VOLANTIS FUND, LTD - A (USD)
Rob Giles & Adam McConkey

30 Apr 02

$452M
May 15

480.51

30 Jun
15

Ytd Avg. 2015


(0.14%)
(0.26%) (0.14%)
4.76%

Ytd Avg. 2015


(0.85%)
03 Jul 15 0.08% (0.85%)
-2.54%

11.79%

11.93%

10.34%

7.19%

(21.47%)
Oct 07 - Feb 09

13.46%

12.7%

12.64%

8.44%

(12.44%)
Jun 14 - Jan 15

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

28

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Equity-Mid-Small Cap/USA
COOPER CREEK PARTNERS LLC
Robert Schwartz

31 Oct 08

HARBOUR HOLDINGS LTD


Charles A. Paquelet

31 Dec 85

HARVEY PARTNERS LLC


Jeff Moskowitz and Jim Schwartz

31 Jan 06

SENVEST PARTNERS, LTD - CLASS A


Richard Mashaal

31 Mar 97

TONGA PARTNERS LP
J. Carlo Cannell, Cannell Capital LLC

30 Jun 92

TRISTAN PARTNERS LP
J. Carlo Cannell, Cannell Capital LLC

31 May 05

Q
M
Q
Q
HY
HY

$100M
Jun 15

179.17

$243M
May 15

187.04

$225M
Apr 15

2,394.54

$796M
Feb 15

2,924.68

$71M
May 15

2,784.10

$75M
May 15

365.34

30 Jun
15

MTD

YTD

Ytd Avg. 2015


2.40%
(1.70%) 4.20%

2014

2%

2013

27.15%

2012

9.93%

Ann. Return

9.14%

Ann. Vol

Max
Drawdown1

10.16%

(22.12%)
Feb 11 - Sep 11

31 May (0.10%)
15
30 Jun
15

1.63%

30 Jun
15

(3.90%)

31 May
15

0.53%

31 May
15

4.20%

(0.31%)

8.83%

26.65%

14.64%

18.00%

22.86%

(49.05%)
May 07 - Feb 09

2.02%

3.63%

15.93%

9.43%

9.72%

7.38%

(9.17%)
Apr 11 - Dec 11

3.23%

22.4%

79.44%

34.81%

20.31%

36.52%

(70.55%)
Feb 00 - Sep 02

(2.29%)

12.46%

34.84%

24.02%

15.61%

15.21%

(50.33%)
Jun 07 - Apr 09

7.57%

-3.87%

38.52%

17.18%

13.83%

16.34%

(49.97%)
Jun 07 - Feb 09

Equity-Pharma-Biotech
Ytd Avg. 2015

19.24%

Equity-Pharma-Biotech/USA
PERCEPTIVE LIFE SCIENCES OFFSH FUND, LTD
Joseph Edelman

31 Jul 00

TRAXIS SIVIK GLOBAL HEALTHCARE OFFSHORE A/01-01


Krishen Sud

30 Jun 01

VISIUM BALANCED OFFSHORE FUND CL 2


Jacob Gottlieb

31 Oct 05

M
M

Y/Q

$1'056M
Apr 15

1,598.02

$50M
Jan 15

2,904.06

$3'350M
Apr 15

293.95

30 Jun
15
30 Jun
15

Ytd Avg. 2015


19.24%
2.91% 34.35%
20.3%

43.88%

27.75%

20.41%

15.81%

(24.43%)
Dec 07 - Nov 08

1.68%

13.18%

25.55%

20.95%

13.88%

7.91%

11.12%

(32.70%)
Oct 07 - Feb 09

02 Jul 15 (0.32%)

10.19%

7.78%

18.57%

10.31%

11.79%

8.67%

(15.79%)
Aug 08 - Dec 08

Equity-Real Estate
Ytd Avg. 2015

(10.99%)

Equity-Real Estate/Global
BROOKFIELD WELLS STREET OFFSHORE LTD
Jason Baine and Bernhard Krieg

30 Nov 04

$1'000M
Apr 15

432.92

30 Jun
15

Ytd Avg. 2015


(10.99%)
(6.11%) (10.99%)
4.04%

16.2%

40%

14.85%

26.03%

(54.37%)
May 07 - Feb 09

Equity-Technology
Ytd Avg. 2015

5.10%

Equity-Technology/Global
EXANE ARCHIMEDES FUND CLASS A CAP
Gilles Lenoir and Csar Zeitouni

30 Sep 06

904M
Apr 15

17,205.54

Ytd Avg. 2015


1.13%
07 Jul 15 (0.29%) 1.13%
8.21%

3.84%

-0.19%

6.38%

4.46%

(5.10%)
Nov 11 - May 12

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

29

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

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

31 Dec 06

$205M
Jan 15

476.90

31 May
15

MTD

YTD

Ytd Avg. 2015


9.08%
6.26%
9.08%

2014

30%

2013

11.22%

2012

0.65%

Ann. Return

10.87%

Ann. Vol

Max
Drawdown1

11.63%

(19.91%)
May 08 - Nov 08

Equity-Utility
Ytd Avg. 2015

9.76%

Equity-Utility/Europe
CYGNUS UTILITIES, INFRASTRUCTURE &
RENEWABLES
Cygnus Asset Management

30 Apr 06

$285M
May 15

1,935.32

Equity-Utility/Global
ELECTRON GLOBAL FUND, L.P.
Electron Capital Partners, LLC

28 Feb 13

$305M
Jun 15

129.13

31 May
15

Ytd Avg. 2015


3.67%
0.26%
3.67%
4.09%

Ytd Avg. 2015


15.85%
03 Jul 15 0.09% 15.85%
-2.84%

2.98%

10.88%

7.53%

7.40%

(10.69%)
Nov 09 - Aug 11

14.71%

11.53%

7.63%

(7.75%)
Aug 14 - Dec 14

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

30

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Equity-Diversified
Ytd Avg. 2015

4.73%

Equity-Diversified/USA
MARCATO INTERNATIONAL LTD
Richard McGuire, Marcato Capital Management LLC

30 Sep 10

$3'300M
Mar 15

183.13

30 Jun
15

Ytd Avg. 2015


4.73%
(2.10%) 4.73%
5.33%

26.16%

28.67%

13.58%

12.91%

(17.63%)
Mar 11 - Sep 11

Merger-Arbitrage
Ytd Avg. 2015

4.46%

Merger-Arbitrage/Global
TIG ARBITRAGE ENHANCED FUND
Drew Figdor

31 Dec 06

$682M
Apr 15

226.05

30 Jun
15

Ytd Avg. 2015


4.46%
(0.79%) 4.46%
1.72%

13.34%

7.34%

10.07%

7.92%

(10.97%)
Oct 07 - Oct 08

Multi-Strategy
Ytd Avg. 2015

3.11%

Multi-Strategy/Europe
MLIS - OZ EUROPE UCITS FUND CLASS B EUR
David Windreich, Och-Ziff Capital Management Group

31 Mar 11

PORTLAND HILL OVERSEAS FUND LTD


Thierry Lucas

31 May 12

D
M

$303M
Apr 15

112.16

$102M
May 15

142.29

Ytd Avg. 2015


8.34%
07 Jul 15 (1.24%) 4.06%
-6.7%

30 Apr 93

ALTAI CAPITAL PARTNERS OFFSHORE, LTD


ALTAI CAPITAL MANAGEMENT, L.P. / RISHI BAJA &
STEVEN TESORIERE

31 Oct 09

ANDALUSIAN CORPORATE OPPORTUNITIES FUND


LP
Michael Reeber, Harrison M. Wreschner

31 Jul 09

DAVIDSON KEMPNER INTL, LTD - CLASS C Tranche 1


Thomas L. Kempner, Jr.

31 Oct 95

DROMEUS GLOBAL OPPORTUNITIES FUND


Dromeus Capital Management Ltd

30 Jun 08

GREYWOLF CAPITAL OVERSEAS FUND


Greywolf Capital Management LP

31 Jul 03

Y
Q

Q
M
Q

10.74%

2.72%

6.26%

(10.96%)
Apr 11 - Nov 11

03 Jul 15 0.31%

12.62%

0.25%

17.1%

7.62%

12.09%

7.13%

(4.64%)
Feb 14 - Jul 14

Multi-Strategy/Global
AG SUPER FUND INTERNATIONAL, LTD
Michael Gordon & Dave Kamin

14.37%

$731M
May 15

1,732.71

$356M
Jun 15

244.84

$248M
Jun 15

274.33

$7'257M
Mar 15

498.75

$90M
Nov 14

208.88

$1'000M
Jun 15

303.95

26 Jun
15

Ytd Avg. 2015


2.50%
(0.60%) (0.59%)
2.63%

13.67%

9.54%

5.40%

(24.78%)
Jun 07 - Dec 08

31 May
15

7.44%

30 Jun
15

(3.98%)

30 Jun
15

(0.45%)

11.57%

24.91%

52.07%

-0.05%

17.39%

18.88%

(22.85%)
May 11 - May 12

0.41%

5.37%

41.15%

30.08%

18.59%

9.86%

(10.33%)
Aug 14 - Jan 15

1.89%

5.15%

10.24%

8.49%

8.51%

3.72%

(11.22%)
Oct 07 - Nov 08

31 May (0.81%)
15
31 May
15

16.86%

2.56%

(6.09%)

1.92%

11.65%

20.78%

11.23%

9.61%

(13.06%)
Jun 14 - May 15

0.52%

5.67%

15.74%

3.8%

9.84%

9.41%

(27.67%)
Jul 07 - Dec 08

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

31

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Multi-Strategy/Global
KG INVESTMENT FUND LLC
KG Funds Management LLC

31 Dec 08

KITE LAKE (KL) SPECIAL OPPORTUNITIES FUND LTD


Jamie Sherman & Jan Lernout

31 Jan 11

OWL CREEK OVERSEAS FUND, LTD


Jeffrey Altman

31 Jan 02

PERSHING SQUARE INTL.LTD


William Ackman

31 Dec 04

PSAM WORLDARB MASTER FUND LTD


P. Schoenfeld Asset Management LP

31 Aug 98

SOLUS SOLA LTD CL. I


Chris Pucillo, Scott Martin, CJ Lanktree

31 Dec 01

SOMERSET SPECIAL OPPORTUNITIES FUND LP


Robert Feingold

31 Jul 07

TRIAN PARTNERS LTD


Nelson Peltz, Peter May & Ed Garden

31 Dec 05

TRISHIELD SPECIAL SITUATIONS FUND LLC


Jeff Buick and Robert Harteveldt.

31 May 08

TYRUS CAPITAL EVENT FUND LTD


Tony Chedraoui

30 Sep 09

WHITEBOX MULTI-STRATEGY FUND


Andrew Redleaf, Paul Twitchell, Rob Vogel, Jason Cross

31 Dec 01

Q
Q
Y
Y/Q
Q
Q
Q
Q
A
Q
Q

$129M
Jun 15

307.14

$153M
May 15

136.42

$3'167M
Mar 15

4,674.96

$6'047M
Jun 15

5,277.16

$1'205M
May 15

365.88

$4'077M
Jun 15

1,271.59

$137M
May 15

178.72

$3'093M
May 15

223.34

$218M
May 15

5,639.59

$2'700M
May 15

157.89

$578M
Jan 15

580.88

30 Jun
15

MTD

YTD

2014

Ytd Avg. 2015


2.50%
0.11%
8.92%
8.97%

2013

26.85%

2012

21.93%

Ann. Return

18.85%

Ann. Vol

Max
Drawdown1

13.38%

(20.31%)
Dec 08 - Feb 09

31 May
15

0.64%

30 Jun
15

(3.90%)

30 Jun
15

(3.20%)

31 May
15

1.06%

30 Jun
15

(2.12%)

31 May
15

0.98%

4.89%

1.31%

9.44%

11.94%

7.43%

5.71%

(8.21%)
Mar 12 - Jun 12

0.85%

-8%

48.63%

11.07%

12.18%

12.81%

(20.92%)
Mar 10 - Sep 11

3.34%

37.24%

9.3%

12.39%

17.16%

13.57%

(20.35%)
Jan 08 - Feb 09

0.80%

3.51%

18.08%

10.66%

8.05%

6.63%

(29.14%)
May 07 - Nov 08

3.08%

10.04%

31.78%

9.11%

20.72%

13.82%

(21.93%)
Feb 08 - Apr 09

1.35%

-7.02%

12.75%

11.33%

7.69%

10.51%

(25.61%)
Aug 08 - Mar 09

03 Jul 15 (0.65%)

3.17%

10.52%

40.06%

0.9%

8.82%

12.80%

(30.56%)
May 07 - Feb 09

31 May
15

0.16%

3.33%

15.65%

22.84%

52.21%

28.02%

30.27%

(31.26%)
Feb 11 - Oct 11

03 Jul 15 0.22%

1.87%

7.65%

15.74%

6.77%

8.25%

6.93%

(9.46%)
Jun 14 - Oct 14

30 Jun
15

(0.89%)

3.15%

6.16%

18.09%

11.38%

13.92%

9.52%

(34.40%)
Jun 08 - Dec 08

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

32

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Fixed Income
Ytd Avg. 2015

1.96%

Fixed Income/Global
AXONIC SYSTEMATIC ARBITRAGE OVERSEAS FUND
LTD
Olivier De Bellefonds, Arnaud De Bevy

31 Mar 12

BLACKROCK FIXED INCOME GLOBAL ALPHA FUND


Tim Webb

30 Sep 06

BLACKROCK OBSIDIAN FUND


Stuart Spodek

30 Jun 96

M
M

CAPULA GLOBAL RELATIVE VALUE FUND LTD CLASS 30 Sep 05


-AYan Huo, Masao Asai

III FUND LTD


Cliff G Viner

30 Jun 93

III RELATIVE VALUE CREDIT STRATEGIES FUND LTD


Lester Coyle

31 Oct 05

KLS DIVERSIFIED FUND LTD


Jeff Kronthal ; Harry Lengsfield ; John Steinhardt

31 Jul 08

LMR ALPHA RATES TRADING FUND, LTD


LMR Partners

31 May 14

LONDON DIVERSIFIED FUND, LTD - E


Robert Standing

30 Jun 05

PELAGUS CAPITAL FUND


Bruno Usai

31 Dec 07

PINE RIVER LIQUID RATES FUND


Pine River Capital Management L.P.

30 Nov 11

PROLOGUE FEEDER FUND, LTD. CLASS A


David Lofthouse, Graham Walsh

31 Jan 06

SANCTUM FIXED INCOME FUND


Sanctum FI, LLP

31 Aug 03

M
Q
M
Q
M
M
Q
M

$218M
May 15

134.42

$5'800M
Apr 15

210.91

$1'900M
Apr 15

7,023.95

$7'734M
Jun 15

250.92

$109M
May 15

4,189.98

$171M
Feb 15

1,876.28

$1'094M
May 15

168.84

$227M
May 15

114.48

$121M
Jan 15

1,093.72

$76M
May 15

189.48

$1'025M
Jul 15

137.04

$1'245M
Jun 15

1,906.37

$187M
Jun 15

193.86

30 Jun
15

Ytd Avg. 2015


1.96%
(4.68%) (3.42%)
18.57%

22.85%

-4.45%

9.53%

10.53%

(10.06%)
Jun 12 - Sep 12

06 Jul 15 0.50%

(1.42%)

3.78%

6.04%

14.73%

8.88%

5.08%

(10.54%)
Jun 08 - Dec 08

03 Jul 15 0.00%

0.96%

5.23%

10.83%

34.27%

10.79%

9.11%

(20.93%)
Jan 08 - Feb 09

03 Jul 15 (0.09%)

4.10%

8.11%

7.56%

0.43%

9.88%

4.42%

(7.41%)
Feb 08 - Mar 08

30 Jun
15

0.04%

30 Jun
15

(0.26%)

30 Jun
15

(0.56%)

4.14%

2.87%

13.44%

11.83%

6.72%

10.76%

(54.77%)
Jan 08 - Nov 08

0.13%

5.23%

8.5%

10.22%

6.72%

7.70%

(31.27%)
Nov 07 - Dec 08

2.71%

6.76%

1.58%

7.35%

7.87%

3.27%

(4.10%)
Apr 13 - Jul 13

03 Jul 15 0.15%

9.10%

4.93%

13.19%

3.12%

(0.15%)
Mar 15 - Apr 15

26 Jun
15

(0.12%)

(1.68%)

0.21%

0.45%

4.86%

0.90%

6.42%

(29.25%)
Jan 08 - Dec 08

03 Jul 15 0.08%

(3.31%)

-4.09%

3.38%

4.47%

8.88%

5.66%

(8.75%)
Oct 13 - Jun 15

30 Jun
15

1.16%

30 Jun
15

(0.58%)

30 Jun
15

(0.44%)

5.92%

2.27%

7.96%

11.71%

9.19%

6.40%

(7.68%)
Mar 12 - May 12

2.28%

-3.34%

2.51%

6.02%

7.09%

3.92%

(6.61%)
May 13 - Aug 14

5.95%

-0.27%

3.36%

1.91%

5.75%

8.63%

(23.61%)
Jul 08 - Oct 08

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

33

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Arbitrage
Ytd Avg. 2015

1.99%

Arbitrage/Global
HSBC MAA FUND USD
HSBC Alternative Investments Limited

15 Jun 95

Q/M

$90M
May 15

224.37

19 Jun
15

Ytd Avg. 2015


1.99%
(0.25%) 1.99%
4.48%

4.95%

4.21%

4.12%

4.59%

(25.30%)
Jul 07 - Dec 08

Event Driven
Ytd Avg. 2015

2.22%

Event Driven/Global
GEMS PROGR. FUND SICAV RECOVERY PORTFOLIO
REGULAR USD
David Goldfarb, Miguel Abadi, Cedric Carrol

31 Dec 01

HSBC CREDIT MARKET OPPORTUNITIES FUND USD


CLASS COMPOSITE
Hsbc Management (Guernsey) Ltd

31 May 09

HSBC SPECIAL OPPORTUNITIES FUND LTD


HSBC Alternative Investments Limited

28 Feb 07

$266M
Oct 12

2,454.34

$42M
May 15

121.36

$68M
May 15

140.22

30 Jun
15

Ytd Avg. 2015


2.22%
(0.73%) 2.12%
-0.44%

8.61%

5.91%

6.87%

6.48%

(23.23%)
Jun 08 - Dec 08

30 Jun
15

(0.67%)

30 Jun
15

(1.23%)

0.87%

2.75%

9.19%

8.74%

4.96%

5.45%

(9.16%)
Feb 11 - Dec 11

3.66%

4.75%

13.97%

20.63%

4.14%

9.46%

(35.45%)
Jun 08 - Mar 09

Macro
Ytd Avg. 2015

(1.74%)

Macro/Global
MASTERS FUND LTD MAGNOLIA SERIES
Sean M. Doyle

31 Dec 96

$272M
Jun 15

5,166.30

30 Jun
15

Ytd Avg. 2015


(1.74%)
(1.72%) (1.74%)
1.97%

11.1%

1.49%

9.28%

8.48%

(9.96%)
Jul 98 - Oct 98

Multi-Strategy
Ytd Avg. 2015

2.64%

Multi-Strategy/Global
DIAMOND CAPITAL MANAGEMENT
Elchanan Jaglom, Daniel Jaglom

31 Oct 02

GAM DIVERSITY I INC - US$ CLASS


David Smith

31 Dec 89

GAM DIVERSITY II INC - US$ CLASS


David Smith

31 Jul 98

GAM TRADING II USD


David Smith, Arvin Soh

30 Apr 97

Q
M
M
M

$150M
Jan 15

188.20

$517M
Jan 15

776.22

$54M
May 15

236.11

$829M
Jan 15

340.48

31 May
15

Ytd Avg. 2015


2.64%
0.67%
3.85%
1.42%

10.45%

2.61%

5.15%

4.16%

(14.18%)
Jun 08 - Dec 08

30 Jun
15

(1.18%)

30 Jun
15

(1.19%)

30 Jun
15

(2.67%)

2.60%

0.19%

10.49%

6.67%

8.36%

7.79%

(19.64%)
Jan 94 - Jan 95

2.53%

0.15%

10.34%

6.54%

5.21%

7.13%

(18.79%)
Oct 07 - Dec 11

(0.46%)

4.08%

-0.45%

2.83%

6.97%

5.70%

(7.34%)
Apr 13 - Oct 13

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

34

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Multi-Strategy/Global
HSBC GH FUND USD
HSBC Alternative Investments Limited

31 May 96

HSBC LEVERAGED GH FUND


HSBC Republic Investment Limited

30 Nov 04

HSBC UCITS ADVANTEDGE FUND -USD CLASS


Hsbc Alternative Inv. Ltd

31 Oct 09

M
M
W

$2'012M
May 15

341.67

$2'012M
May 15

166.56

202M
May 15

100.53

30 Jun
15
30 Jun
15

MTD

YTD

2014

Ytd Avg. 2015


2.64%
(1.07%) 2.98%
4.77%

2013

8.51%

2012

5.4%

Ann. Return

6.65%

Ann. Vol

6.16%

Max
Drawdown1

(18.30%)
Jun 08 - Dec 08

(2.25%)

5.04%

7.61%

15.12%

8.72%

4.94%

11.09%

(37.09%)
Jun 08 - Dec 08

01 Jul 15 (0.65%)

1.92%

-1.57%

7.25%

1.38%

0.10%

3.71%

(8.81%)
Apr 10 - Dec 11

Trading
Ytd Avg. 2015

(4.63%)

Trading/Global
HSBC TRADING ADVANTEDGE FUND
HSBC Alternative Investments Limited

31 Oct 05

$69M
May 15

144.16

30 Jun
15

Ytd Avg. 2015


(4.63%)
(3.81%) (4.63%)
16.59%

-8.75%

-5.39%

3.86%

9.74%

(20.93%)
Apr 11 - Sep 13

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

35

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Equity-Diversified
Ytd Avg. 2015

15.65%

Equity-Diversified/Emerging
RUSSIAN PROSPERITY FUND - A
Alexander Branis

31 Aug 96

$717M
Mar 15

153.61

Ytd Avg. 2015


15.65%
02 Jul 15 (0.07%) 15.65%
-43.99%

3.11%

20.19%

15.79%

44.03%

(90.26%)
Jul 97 - Jan 99

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

36

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Commodity
Ytd Avg. 2015

0.95%

Commodity/Global
ANDURAND COMMODITIES FUND
Pierre Andurand

31 Jan 13

MERCHANT COMMODITY FUND (THE) - COMPOSITE


Michael Coleman and Doug King

31 May 04

MERRICKS CAPITAL SOFT COMMODITIES FUND


Merricks Capital Pty Limited

31 Jan 08

M
M
M

$415M
May 15

1,394.68

$249M
May 15

551.23

$291M
May 15

190.75

Ytd Avg. 2015


0.95%
31 May (2.10%) 1.47%
38.31%
15
03 Jul 15 0.90%

(3.02%)

59.33%

25.02%

27.31%

21.50%

(14.92%)
Jul 13 - Sep 14

15.77%

-7.6%

16.63%

21.92%

(36.93%)
Dec 10 - Oct 11

31 May
15

2.52%

4.40%

4.06%

8.79%

4.98%

9.20%

6.17%

(3.51%)
Apr 12 - Jul 12

Commodity-Systematic
Ytd Avg. 2015

7.64%

Commodity-Systematic/Global
MILLBURN COMMODITY PROGRAM
Millburn Ridgefield Corporation

28 Feb 05

$74M
May 15

192.47

Ytd Avg. 2015


7.64%
08 Jul 15 1.31%
7.64%
28.09%

-7.65%

-15.24%

6.52%

12.54%

(30.96%)
Apr 11 - Nov 13

Currency
Ytd Avg. 2015

(3.12%)

Currency/Asia
DYMON ASIA MACRO FUND (SERIES A)
Danny Yong

31 Jul 08

THE CAMBRIDGE STRATEGY - ASIAN MARKETS


CURRENCY ALPHA
Alexandra Edstein

31 Jan 06

M
M

$3'734M
May 15

171.32

$81M
Mar 15

171.83

Ytd Avg. 2015


(4.31%)
03 Jul 15 (0.30%) (7.34%)
18.75%

31 Mar 09

THE CAMBRIDGE STRATEGY - EMERGING MARKETS


CURRENCY ALPHA
Andrew Saunders

31 Jan 08

D
M

0.96%

8.08%

11.63%

(13.69%)
Jul 08 - Sep 08

30 Jun
15

Currency/Global
HARNESS MACRO CURRENCY FUND
Harness Investment Group Ltd

5.19%

$753M
Jun 15

145.17

$153 M
Mar 15

181.91

30 Jun
15
30 Jun
15

(0.61%)

(1.27%)

8.72%

1.06%

0.86%

5.92%

8.11%

(6.96%)
May 13 - Apr 14

Ytd Avg. 2015


(1.95%)
0.54% (6.16%)
8.28%

3.51%

17.65%

6.14%

10.94%

(13.52%)
Apr 10 - Aug 10

(1.46%)

2.27%

16.61%

-0.3%

7.42%

8.40%

8.29%

(10.76%)
May 13 - Sep 13

Diversified
Ytd Avg. 2015

3.17%

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

37

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Diversified/Asia
ALPHADYNE INVESTMENT STRATEGIES FUND LTD
Bart Broadman, Philippe Khuong-Huu

31 Jan 07

BREVAN HOWARD ASIA FUND LIMITED


Kaspar Ernst

30 Sep 04

GRATICULE ASIA MACRO FUND


Adam Levinson

28 Feb 11

RV CAPITAL ASIA OPPORTUNITY FUND


Ranodeb Roy, RV Capital Management Private Ltd

31 Dec 11

SINFONIETTA FUND
Symphony Financial Partners

30 Jun 08

M
M
Q
M
M

$493M
May 15

1,983.89

$2'676M
May 15

246.70

$3'404M
Apr 15

150.30

$181M
Jun 15

152.42

$85M
May 15

188.59

Date

30 Apr 06

BLUECREST EMERGING MARKETS FUNDS


Bluecrest Capital Management LLP

31 Aug 05

FINISTERRE GLOBAL OPPORTUNITY FUND


Darren Walker

31 Mar 06

FINISTERRE SOVEREIGN DEBT FUND


Xavier Corin-Mick

31 Mar 03

GAVEA FUND LTD . CLASS A S/1


Fraga Arminio and Gabriel Srour

31 Jul 03

GREEN FUND LLC GREEN CLASS


Luis Stuhlberger

31 Jan 01

PHARO GAIA FUND, LTD


Guillaume Fonkenell and Michael Skarbinski

30 Nov 08

PHARO TRADING FUND, LTD


Guillaume Fonkenell

30 Nov 00

SPINNAKER GLOB OPP FUND, LTD COMPOSITE


Jorge Rosas

31 Jan 01

THE CAMBRIDGE STRATEGY - APOLLO (EM MACRO)


ABSOLUTE RETURN
Russell Thompson, Walid Khalfallah, Ali Bora
Yigitbasioglu

30 Apr 09

M
Q
M
M
Q
M
Q
M
Q
M

30 Apr 12

2013

12.15%

2012

7.06%

Ann. Return

8.47%

Ann. Vol

Max
Drawdown1

5.02%

(5.92%)

30 Jun
15

0.33%

2.43%

3.55%

11.55%

4.41%

8.76%

3.72%

(1.94%)
Jan 10 - Mar 10

02 Jul 15 0.26%

3.76%

-1.21%

17.08%

21.23%

9.84%

6.26%

(5.97%)
Dec 13 - Aug 14

$100M
Jun 15

164.69

$792M
May 15

217.65

$866M
May 15

230.42

$708M
May 15

261.38

$859M
Mar 15

233.54

$573M
May 15

734.53

$349M
May 15

2,285.65

$402M
May 15

5,238.21

$830M
Feb 15

500.56

$159M
Mar 15

133.23

$665M
May 15

2014

Jan 14 - Jun 14

30 Jun
15

0.00%

31 May
15

0.59%

30 Jun
15

1.41%

9.95%

13.06%

20.91%

12.80%

4.27%

(2.37%)
May 13 - Jun 13

3.43%

-3.1%

34.5%

7.26%

9.47%

14.55%

(14.37%)
Jun 08 - Mar 09

Ytd Avg. 2015


0.20%
(1.22%) 0.00%
6.85%

-7.33%

2.54%

5.59%

7.06%

(14.63%)
Jun 13 - Jun 14

31 May
15

1.48%

31 May
15

1.93%

4.07%

5.81%

4.65%

10.9%

8.31%

10.05%

(22.89%)
Oct 07 - Oct 08

7.90%

11.35%

5.36%

7.75%

9.53%

7.19%

(18.02%)
Jun 08 - Oct 08

31 May (6.90%)
15
03 Jul 15 0.10%

(5.43%)

5.41%

4.47%

4.3%

8.21%

7.53%

(21.00%)
Jun 08 - Oct 08

4.90%

-5.31%

2.71%

8.19%

7.37%

7.01%

(12.50%)
Jul 08 - Oct 08

02 Jul 15 0.27%

4.73%

-3.49%

9.9%

13.55%

13.91%

13.57%

(33.00%)
Jun 08 - Nov 08

Diversified/Global
ATREAUS OVERSEAS FUND LTD
Atreaus Capital LP

YTD

Ytd Avg. 2015


2.47%
02 Jul 15 0.27%
1.34%
5.69%

Diversified/Emerging
ALPHA4X CAPITAL GROWTH FUND
Manuel E. Meja-Aoun, Urvish Bidkar, Fabio Izzo

MTD

122.32

31 May (0.15%)
15

6.50%

31 May (0.48%)
15

(1.83%)

30 Jun
15

(5.60%)

(5.50%)

30 Jun
15

0.83%

17.5%

6.73%

1.1%

14.27%

13.02%

(14.76%)
May 13 - Jun 13

12.47%

19.65%

0.69%

12.09%

10.88%

(13.16%)
Feb 08 - Oct 08

6.72%

0.97%

14.12%

11.82%

9.16%

(31.74%)
May 08 - Feb 09

(13.32%)

7.91%

Ytd Avg. 2015


4.07%
03 Jul 15 (0.02%) 10.79%
9.09%

-2.05%

12.92%

4.76%

7.54%

(14.03%)
Dec 14 - May 15

1.01%

0.2%

6.55%

7.76%

(3.82%)
Jan 13 - Sep 13

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

38

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Diversified/Global
BREVAN HOWARD FUND, LTD - USD CLASS A
Alan Howard

31 Mar 03

BTG PACTUAL GLOBAL EM. MKTS AND MACRO FD


BTG Pactual Global Asset Management

31 Jan 09

CANOSA GLOBAL MACRO FUND LTD


Tim Attias, Santiago Alarco

30 Apr 13

CAXTON GLOBAL INVESTMENT LTD


Andrew E. Law

31 Jan 97

COMMONWEALTH OPPORTUNITY CAYMAN FUND


LTD
Adam Fisher

30 Nov 08

ECLECTICA FUND CLASS A EURO (THE)


Hugh Hendry

30 Sep 02

ELEMENT CAPITAL FUND


Jeffrey Talpins

31 Mar 05

EPISODE INC. CLASS A


David Fishwick / Tony Finding

31 Jul 05

FORTRESS MACRO FUND LTD. CLASS A


Michael E. Novogratz & Jeff Feig

31 Dec 08

GAM GLOBAL RATES HEDGE FUND


Adrian Owens

31 Jan 04

GAMUT INVESTMENTS
Adrian Owens

30 Jun 86

GRAHAM ABSOLUTE RETURN TRADING LTD


Graham Capital Management, L.P.

31 Dec 04

GRAHAM GLOBAL INVESTMENT FUND II DISCRETIONARY ENHANCED VOL -CLASS - B Kenneth G. Tropin

31 May 04

GRAHAM GLOBAL INVESTMENT FUNDDISCRETIONARY


Kenneth G. Tropin

31 May 04

HARMONIC ALPHA PLUS MACRO FUND - USD CLASS


Richard Conyers

30 Apr 03

LONDON SELECT FUND LIMITED


David Gorton

31 Mar 04

M
M
M
Q
M

M
M
Q
M
M
M
Q
Q

M
M

$21'667M
May 15

313.68

$5'074M
Apr 15

2,718.51

$1'354M
May 15

112.54

$5'934M
Jan 15

922.42

$557M
Apr 15

215.49

$84M
May 15

286.79

$5'615M
Apr 15

77,710.70

$1'287M
May 15

157.04

$1'228M
May 15

1,196.51

$508M
May 15

241.61

$73M
May 15

8,715.00

$753M
Jun 15

458.72

$2'350M
Jun 15

244.95

$2'350M
Jun 15

276.43

$97M
May 15

134.88

$460 M
Apr 15

1,895.58

30 Jun
15

MTD

YTD

2014

Ytd Avg. 2015


4.07%
(1.11%) 1.57%
-0.79%

2013

2.68%

2012

3.93%

Ann. Return

9.78%

Ann. Vol

Max
Drawdown1

6.74%

(8.47%)
Apr 13 - Jun 14

30 Jun
15

(1.95%)

30 Jun
15

(0.50%)

1.62%

-4.66%

9.65%

28.12%

16.87%

7.67%

(12.56%)
Jun 14 - Jan 15

10.61%

-6.96%

9.34%

5.60%

9.74%

(9.40%)
Feb 14 - Oct 14

07 Jul 15 0.09%

3.64%

-1.38%

18.16%

1.96%

12.80%

7.44%

(7.37%)
Jun 07 - Aug 07

26 Jun
15

(2.15%)

30 Jun
15

(0.70%)

30 Jun
15

2.90%

30 Jun
15

(0.57%)

31 May
15

1.02%

30 Jun
15

0.17%

30 Jun
15

(0.01%)

(1.36%)

6.19%

5.39%

15.64%

12.39%

9.29%

(10.38%)
Jan 09 - Feb 09

10.68%

9.48%

-0.01%

-1.72%

8.61%

20.42%

(31.94%)
Feb 08 - Sep 08

15.32%

2.91%

19.44%

2.73%

22.14%

9.78%

(7.83%)
Oct 07 - Apr 08

6.07%

7.77%

6.14%

-4.69%

4.65%

10.83%

(32.77%)
Oct 07 - Feb 09

(7.09%)

-1.62%

14.11%

17.82%

5.57%

7.67%

(11.34%)
Mar 11 - Nov 11

6.08%

4.72%

-0.11%

14.71%

8.03%

7.18%

(12.25%)
Mar 11 - Sep 11

07 Jul 15 0.91%

5.68%

5.1%

-2.83%

0.29%

16.64%

12.99%

(13.45%)
Dec 87 - Apr 88

2.89%

10.41%

10.5%

9.29%

12.91%

9.85%

(13.31%)
May 07 - May 08

07 Jul 15 1.13%

2.07%

6.53%

7.57%

7.8%

11.09%

10.37%

(30.81%)
May 07 - Jun 08

07 Jul 15 0.56%

1.00%

3.18%

3.63%

3.83%

6.17%

5.18%

(14.81%)
May 07 - Jun 08

03 Jul 15 1.83%

(2.66%)

8.27%

-8.34%

23.45%

5.49%

11.83%

(18.17%)
Aug 12 - Feb 14

03 Jul 15 1.21%

6.98%

2.53%

9.34%

5.37%

5.84%

9.33%

(34.17%)
Jan 08 - Dec 08

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

39

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Diversified/Global
MELLON OFF GLOB OPP FUND LTD MULTICURRENCY - A1
Alexander Huberts & Jeff Zhang

30 Nov 05

MKP ENHANCED OPPORTUNITY OFFSHORE, LTD


MKP Capital Management, LLC

31 Jul 13

MKP OPPORTUNITY OFFSHORE, LTD


MKP Capital Management, L.L.C.

31 Jul 01

MLM MACRO PEAK PARTNERS OFFSH FD, LTD - B


Timothy Rudderow

31 Mar 02

MOORE GLOBAL INV FD, LTD - A $


Louis Bacon

31 Dec 89

MOORE MACRO MANAGERS FUND, LTD CLASS -ALouis Bacon

31 Jul 93

OMNI MACRO FUND I LIMITED


Stephen Rosen

30 Apr 07

ONEWALL GLOBAL FUND


Jeff Brummette

31 Aug 11

ONSLOW MACRO FUND CLASS A


Nicolas Galperin, Esteban Klein

31 Dec 07

PHARO MACRO FUND, LTD


Pharo Team

30 Apr 05

PIMCO ABSOLUTE RETURN STRATEGY IV


OFFSHORE FUND II , CL. A/1
Qi Wang

31 Mar 02

PINPOINT MULTI-STRATEGY FUND


Qiang Wang

29 Feb 08

POTOMAC RIVER CAPITAL MASTER FUND


Mark W. Spindel

28 Feb 11

PWP GLOBAL MACRO FUND


Maria Vassalou,

30 Sep 13

RUBICON GLOBAL FUND, LTD


Paul Brewer

31 Oct 99

TREND MACRO OFFSHORE LTD


Ashwin Vasan

31 Jul 11

TT INTERNATIONAL FUND
Tacchi Tim

31 Aug 89

M
M
M
Q
Q
M
M
M
Q
Q

M
M
M
M
M
M

$137M
Jan 15

1,255.11

$694M
May 15

110.15

$2'551M
May 15

319.44

$832M
May 15

2,737.23

$4'400M
Mar 15

59,279.44

$7'200M
Mar 15

14,944.27

$977M
May 15

258.95

$108M
Feb 15

145.82

$107M
May 15

142.82

$4'060M
May 15

3,155.50

$2'279M
May 15

2,575.83

$170M
May 15

208.39

$142M
May 15

137.07

$461M
May 15

113.72

$803M
Apr 15

563.60

$572M
Apr 15

134.01

$225M
May 15

7,296.45

Date

MTD

YTD

2014

Ytd Avg. 2015


4.07%
31 May (0.21%) 9.96%
-1.12%
15
02 Jul 15 0.69%

8.08%

-3.61%

2013

1.21%

2012

-2.53%

Ann. Return

2.42%

Ann. Vol

Max
Drawdown1

8.98%

(31.90%)
Jan 07 - Oct 08

4.36%

4.45%

7.46%

(10.18%)
Dec 13 - Aug 14

02 Jul 15 0.48%

5.53%

-2.1%

7.09%

6.9%

8.70%

5.33%

(6.65%)
Dec 13 - Aug 14

03 Jul 15 1.12%

1.19%

13.66%

23.84%

-0.76%

7.89%

17.64%

(36.99%)
Dec 10 - May 12

30 Jun
15

(1.20%)

30 Jun
15

(1.21%)

4.16%

1.74%

17.02%

8.82%

17.35%

11.52%

(18.45%)
Jan 94 - Feb 95

3.09%

5.54%

13.49%

9.01%

13.12%

8.16%

(14.47%)
Jan 94 - Feb 94

03 Jul 15 0.32%

(0.20%)

5.71%

-4.87%

0.74%

12.33%

12.38%

(14.14%)
Aug 10 - Apr 11

03 Jul 15 0.16%

0.96%

0.01%

35.98%

12.01%

10.32%

10.06%

(10.67%)
Dec 13 - Apr 14

31 May (0.27%)
15

4.15%

31 May (0.33%)
15

2.28%

31 May
15

0.40%

5.01%

30 Jun
15

(1.36%)

-7.94%

7.16%

-6.72%

4.88%

13.88%

(25.48%)
Sep 08 - Oct 08

8.23%

18.51%

12.53%

12.06%

8.54%

(9.64%)
Jun 08 - Nov 08

5.86%

-0.44%

12.01%

7.45%

8.21%

(25.88%)
May 08 - Nov 08

23.29%

8.37%

4.65%

6.19%

10.53%

11.42%

(17.36%)
Jun 08 - Nov 08

03 Jul 15 0.71%

(3.99%)

5.19%

9.3%

5.55%

7.53%

9.94%

(10.64%)
Dec 13 - May 14

30 Jun
15

(2.61%)

30 Jun
15

(1.05%)

30 Jun
15

(0.23%)

30 Jun
15

(2.83%)

(3.95%)

17.22%

1%

7.63%

6.56%

(5.68%)
Jan 15 - Jun 15

6.26%

1.72%

18.27%

-3.89%

11.66%

14.84%

(36.03%)
Dec 04 - May 07

5.07%

-0.67%

14.81%

16.56%

7.76%

5.85%

(6.45%)
Aug 11 - Jun 12

4.23%

-8.57%

7.65%

4.27%

7.93%

14.01%

(27.05%)
Jan 94 - Jan 95

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

40

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

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

31 Dec 11

TUDOR BVI GLOBAL FUND LTD CLASS -A- SERIES 01


NI
Paul Tudor Jones

31 Oct 86

TUDOR DISCRETIONARY MACRO FUND CLASS I


Series 01
Multi-PM Platform

30 Jun 12

Q
Q

$8'361M
Apr 15

133,068.36

$8'637M
May 15

130,158.91

$1'789M
Apr 15

1,173.24

Date

MTD

YTD

2014

Ytd Avg. 2015


4.07%
03 Jul 15 0.26%
0.58%
3.47%

2013

14.29%

2012

6.27%

Ann. Return

6.90%

Ann. Vol

Max
Drawdown1

7.02%

(4.42%)
Dec 13 - May 14

03 Jul 15 0.25%

0.23%

2.65%

13.99%

5.41%

18.49%

18.34%

(17.07%)
Apr 92 - Jul 92

03 Jul 15 0.12%

0.65%

0.15%

13.2%

2.82%

5.45%

7.20%

(9.27%)
Jun 13 - Jun 14

Fixed Income
Ytd Avg. 2015

3.80%

Fixed Income/Global
HALKIN ACCURATE FX INCOME INDEX
Joao Poppe, Narciso Vega

31 Dec 07

MARKHAM RAE I SUB FUND


Christopher Brandt

30 Sep 11

D
M

43M
May 15

97.96

$191M
Jun 15

11.81

Ytd Avg. 2015


3.80%
08 Jul 15 0.76%
0.55%
-2.7%

2.39%

1.85%

3.76%

6.15%

(5.68%)
Aug 10 - Mar 11

30 Jun
15

0.52%

7.05%

6.89%

-6.81%

5.77%

4.54%

9.61%

(19.31%)
May 13 - Jul 14

Systematic
Ytd Avg. 2015

(5.23%)

Systematic/Global
EAGLE DIRECTIONAL MACRO
Eagle Trading Systems Inc.

31 Dec 08

EAGLE QUANTITATIVE MACRO


Eagle Trading Systems Inc. (Menachem Sternberg)

30 Sep 06

HIGHER MOMENT AURORA FUND,LP


Ravi Singh

31 Mar 08

M
M
M

$54M
May 15

114.17

$363M
Jun 15

177.86

$84M
Apr 15

167.92

Ytd Avg. 2015


(5.23%)
03 Jul 15 (0.51%) (8.83%)
15.5%

-9.64%

5.22%

2.06%

18.17%

(27.47%)
May 12 - Apr 14

03 Jul 15 (0.22%)

(6.83%)

11.34%

-10.32%

8.57%

6.79%

13.68%

(22.33%)
May 12 - Apr 14

31 May
15

1.66%

(0.04%)

11.69%

5.5%

9.42%

7.50%

6.06%

(9.63%)
Jun 09 - Aug 09

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

41

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Currency
Ytd Avg. 2015

(4.98%)

Currency/Global
AHL CURRENCY FUND
Matthew Sargaison and Emidio Sciulli

31 Jul 93

ORTUS FUND (CAYMAN) LTD


Dr Joe Zhou

30 Sep 03

M
M

$22M
Mar 15

123.91

$108M
Jan 15

204.28

Ytd Avg. 2015


(4.98%)
03 Jul 15 1.50% (7.48%)
58.05%

-11.24%

1.13%

12.16%

23.93%

(31.58%)
Apr 11 - Jun 12

30 Jun
15

(1.11%)

(2.47%)

7.42%

-17.32%

-17.33%

6.26%

11.77%

(33.53%)
Jan 12 - Sep 14

Systematic
Ytd Avg. 2015

(1.69%)

Systematic/Global
AHL (cayman) SPC EVOLUTION USD
Tim Wong , Matthew Sargaison

31 Aug 05

AHL ALPHA CAYMAN LTD


Tim Wong, Matthew Sargaison

30 Sep 95

AHL DIVERSIFIED
Tim Wong, Matthew Sargaison

29 Feb 96

ASPECT DIVERSIFIED FUND - CLASS A


Anthony Todd

30 Nov 98

BLUETREND FUND, LTD -USD- CLASS A


Systematica Investments Limited

31 Mar 04

BORONIA DIVERSIFIED FUND MASTER


Richard Grinham and Angus Grinham

31 Aug 93

BREVAN HOWARD SYSTEMATIC TRADING FUND LTD


BH-DG Systematic Trading LLP

30 Apr 06

CAMPBELL GLOBAL ASSETS FUND LTD Class A


Campbell & Company

31 Jan 98

CAMPBELL GLOBAL ASSETS FUND LTD Class B


Campbell & Company

30 Jun 02

CANTAB CAPITAL PARTNERS QUANTITATIVE FUND


(THE) - USD ARISTARCHUS
Ewan Kirk, Erich Schlaikjer, Cantab Capital

28 Feb 07

CARLYLE TREND FOLLOWING FUND


Michael Beaton

30 Apr 14

CONQUEST MACRO FUND, LTD (COMP)


Marc Malek

30 Apr 99

M
M
W
W
M
M
D
M
M
M

M
M

$3'000M
Mar 15

1.48

$3'700M
Mar 15

1.25

$5'100M
Mar 15

1.40

$822M
Jun 15

391.55

$5'900M
May 15

297.94

$63M
Jun 15

1,917.48

$294M
May 15

185.03

$108M
Mar 15

4,441.24

$108M
Mar 15

3,638.24

$3'200M
May 15

1,924.38

$77M
May 15

135.47

$142M
Mar 15

2,140.70

Ytd Avg. 2015


(1.69%)
03 Jul 15 0.44%
2.97%
20.31%

16.91%

23.53%

15.44%

12.51%

(13.16%)
Jun 08 - Oct 08

03 Jul 15 0.61%

(2.16%)

22.83%

-1.51%

-0.06%

12.57%

12.35%

(12.29%)
Oct 01 - Feb 02

03 Jul 15 0.75%

(5.71%)

33.79%

-3.05%

-2.23%

13.28%

16.61%

(19.53%)
Oct 01 - Apr 02

07 Jul 15 5.28%

(2.39%)

32.04%

-4.44%

-10.66%

8.56%

16.07%

(22.19%)
Feb 12 - Mar 14

30 Jun
15

(8.33%)

(2.95%)

12.68%

-11.5%

0.02%

10.19%

14.22%

(22.05%)
Apr 11 - Jan 14

08 Jul 15 2.59%

(9.03%)

14.33%

13.23%

-3.99%

8.96%

11.57%

(14.56%)
Feb 08 - Apr 12

30 Jun
15

(4.06%)

08 Jul 15 1.95%

(0.22%)

10.81%

2.09%

-3.33%

6.94%

11.02%

(15.21%)
Apr 11 - Apr 14

(5.08%)

19.84%

12.57%

4.52%

8.93%

13.34%

(21.17%)
Jun 07 - Jan 10

08 Jul 15 1.88%

(2.30%)

14.38%

11.34%

1.84%

6.83%

11.61%

(22.92%)
Jun 07 - Aug 07

03 Jul 15 0.36%

(5.63%)

39.32%

-27.65%

15.32%

8.35%

17.70%

(34.86%)
Apr 13 - Apr 14

31 May (0.50%)
15
08 Jul 15 4.28%

(0.06%)

35.55%

32.28%

17.58%

(6.37%)
Mar 15 - May 15

4.73%

4.21%

-6.62%

-33.44%

4.81%

19.21%

(56.11%)
Jul 09 - Mar 13

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

42

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Systematic/Global
CRABEL FUND SPC LTD CLASS A
Toby Crabel

28 Feb 98

DB PLATINUM IV DBX SYSTEMATIC ALPHA INDEX


FUND - CLASS I1CU
DB Platinum Advisors

30 Jun 10

DISCUS FEEDER LTD CL. B USD STANDARD


LEVERAGE
Team managed

31 Dec 90

EAGLE GLOBAL
Menachem Sternberg

30 Sep 95

EDGESTREAM NIAS FUND


Edgestream Partners, LP

30 Jun 04

FORT GLOBAL DIVERSIFIED


Yves Balcer, Sajiv Kumar

30 Sep 93

GRAHAM GIF II PROPRIETARY MATRIX SP SIES A


Kenneth G. Tropin

30 Jun 99

GRAHAM GLOBAL INVESTMENT FUND II - K4D-10V


Kenneth G. Tropin

31 Jan 95

GRAHAM GLOBAL INVESTMENT FUND II - K4D-15V COMPOSITE


Kenneth G. Tropin

31 Dec 00

GRAHAM GLOBAL INVESTMENT FUND TACTICAL


TREND S/A
Graham Capital Management, L.P.

30 Sep 06

ISAM SYSTEMATIC FUND CLASS A


ISAM Systematic Management

31 Mar 81

KEYNES LEVERAGED QUANTITATIVE STRATEGIES


FUND CLASS B SERIE 2
Sushil Wadhwani,

31 Dec 04

LYNX (BERMUDA) LTD


Jonas Bengtsson, Svante Bergstrom, Martin Sandquist

30 Apr 00

LYNX BERMUDA 1.5 LTD


Jonas Bengtsson, Svante Bergstrom, Martin Sandquist

30 Apr 08

MILLBURN DIVERSIFIED PROGRAM


Millburn Ridgefield Corporation

31 Jan 77

MLIS - GRAHAM CAPITAL SYSTEMATIC MACRO


UCITS FUND
Graham Capital Management L.P.

30 Nov 10

M
W

M
M
D
M
M
M

M
W

M
M
M
D

$532M
May 15

5,689.44

$1'434M
Jan 15

129.37

$291M
May 15

1,001.85

$61M
May 15

900,298.20

$675M
Jan 15

204.81

$332M
Jun 15

2,556.56

$974M
Jun 15

393.45

$2'849M
Jun 15

442.97

$2'849M
Jun 15

292.74

$3'813M
Jun 15

249.37

$443M
Jul 15

27,944.54

$341M
May 15

115.60

$2'429M
May 15

5,777.40

$471M
May 15

201.28

$776M
May 15

21,087.75

$92M
May 15

105.50

Date

MTD

YTD

2014

Ytd Avg. 2015


(1.69%)
03 Jul 15 (0.66%) (2.69%)
8.67%

2013

2.2%

2012

Ann. Return

15.53%

10.54%

Ann. Vol

Max
Drawdown1

15.70%

(16.71%)
Oct 98 - Jun 99

01 Jul 15 0.83%

(2.29%)

14.41%

6.63%

-3.96%

5.28%

7.96%

(7.87%)
Apr 13 - Aug 13

03 Jul 15 0.87%

(13.85%)

15.4%

-10.32%

-13.88%

10.09%

15.70%

(34.56%)
Jun 94 - Oct 95

03 Jul 15 0.00%

3.12%

-1.04%

-15.88%

8.1%

11.76%

22.91%

(37.45%)
Apr 13 - Jul 14

03 Jul 15 0.50%

0.66%

11.42%

10.05%

-0.82%

6.73%

6.70%

(9.76%)
Dec 04 - Sep 05

30 Jun
15

(3.53%)

(1.02%)

19.02%

-4.67%

7.12%

16.06%

18.89%

(26.55%)
May 99 - Sep 00

07 Jul 15 1.14%

2.67%

15.91%

13.72%

-0.07%

8.92%

11.98%

(17.90%)
Apr 11 - Nov 12

07 Jul 15 0.58%

1.93%

17.71%

10.04%

-4.91%

7.55%

12.17%

(20.70%)
Apr 11 - Nov 12

07 Jul 15 0.87%

2.84%

27.43%

15.25%

-7.15%

11.34%

19.05%

(29.84%)
Feb 04 - Apr 05

07 Jul 15 0.81%

6.64%

22.4%

8.44%

4.21%

10.98%

10.41%

(8.00%)
Nov 09 - Jan 10

26 Jun
15

(4.27%)

03 Jul 15 0.35%

(0.68%)

62.39%

-10.66%

-17.47%

17.87%

18.79%

(34.79%)
Feb 11 - Sep 13

2.83%

15.91%

-3.01%

7.19%

8.44%

12.04%

(12.45%)
Apr 06 - Sep 06

08 Jul 15 0.71%

(4.44%)

27.03%

11.1%

-6.71%

12.23%

14.36%

(14.72%)
Sep 11 - Aug 13

08 Jul 15 1.04%

(7.16%)

42.18%

16.7%

-10.82%

10.22%

22.71%

(22.55%)
Sep 11 - Aug 13

08 Jul 15 (0.20%)

(1.90%)

17.65%

-6.02%

-5.5%

14.93%

18.03%

(25.65%)
May 89 - Oct 89

07 Jul 15 0.94%

3.17%

25.41%

11.59%

-10.09%

1.17%

13.73%

(31.34%)
Feb 11 - Nov 12

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

43

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Systematic/Global
QMS DIVERSIFIED GLOBAL MACRO
QMS CAPITAL MANAGEMENT LP

31 May 10

RENAISSANCE INSTITUTIONAL FUTURES FUND LP


Renaissance Technologies LLC

30 Sep 07

ROY G. NIEDERHOFFER DIVERSIFIED OFFSHORE


FUND
R. G. Niederhoffer Capital Management, Inc.

31 Aug 95

SMN DIVERSIFIED FUTURES FUND


SMN Investment Services GmbH

31 Oct 96

SOLAISE SYSTEMATIC FUND LTD ( S Class)


Ali Nejjar

31 May 11

TEWKSBURY INVESTMENT FUND, LTD - B


Matthew Tewksbury

31 Dec 90

TRADELINK INTEGRATED PROGRAM LTD


Alex Brockmann

31 Dec 93

TULIP TREND FUND, LTD - A


Progressive Capital Partners Ltd

31 Mar 03

TWO SIGMA COMPASS CAYMAN FUND


Two Sigma Investments, LLC

31 Jul 09

WELTON GLOBAL DIRECTIONAL PORTFOLIO


Welton Investment Partners

31 May 04

WINTON EVOLUTION FUND (THE)


David Harding

31 Aug 05

WINTON FUTURES FUND - CLASS B - LEAD SERIES


NON-VOT.
David Harding

30 Sep 97

M
M
M

W
M
M
M
M
M
M
M
M

$1'510M
Mar 15

185.70

$608M
May 15

131.18

$616M
Jun 15

262.78

$81M
Apr 15

315.32

$400M
Apr 15

107.35

$2'474M
Apr 15

17,418.10

$114M
May 15

2,773.80

$359M
Apr 15

4,187.28

$1'050M
May 15

2,153.12

$150M
Jun 15

221.25

$265M
May 15

1,734.38

$12'117M
Jun 15

1,008.86

Date

MTD

YTD

2014

Ytd Avg. 2015


(1.69%)
31 May (1.05%) 8.34%
17.14%
15
30 Jun
15

(2.65%)

2.68%

7.45%

2013

22.88%

2012

Ann. Return

11.04%

13.17%

Ann. Vol

12.05%

Max
Drawdown1

(11.27%)
Dec 13 - Jul 14

2.15%

-3.17%

3.56%

10.91%

(22.27%)
Jun 08 - Jun 09

08 Jul 15 (0.60%)

(4.46%)

14.86%

9.31%

-22.39%

4.98%

18.83%

(52.73%)
Nov 08 - Oct 12

03 Jul 15 1.20%

(2.05%)

57.24%

-5.95%

-20.11%

8.17%

19.30%

(37.70%)
Dec 08 - Sep 13

03 Jul 15 1.03%

(1.04%)

12.26%

1.84%

-0.15%

1.75%

11.49%

(13.61%)
Aug 11 - Aug 13

02 Jul 15 (1.40%)

(2.55%)

7%

7.57%

3.53%

12.36%

4.89%

(7.75%)
Jun 07 - Aug 07

03 Jul 15 (1.20%)

(4.52%)

22.7%

7.76%

-6.33%

16.70%

22.13%

(36.53%)
May 03 - Jan 05

03 Jul 15 3.43%

(16.43%)

36.15%

-0.01%

4.89%

12.38%

25.51%

(34.25%)
Feb 09 - Jan 10

30 Jun
15

2.03%

06 Jul 15 0.93%

(4.46%)

25.56%

14.07%

4.23%

13.83%

8.75%

(9.85%)
Apr 11 - Sep 11

(1.87%)

33.88%

-5.73%

-8.12%

7.41%

13.93%

(33.18%)
Feb 11 - Sep 13

08 Jul 15 0.79%

(1.84%)

17.26%

14.56%

-8.31%

5.74%

10.77%

(14.61%)
Jun 08 - Jul 09

08 Jul 15 0.61%

(1.32%)

13.87%

9.4%

-3.56%

13.88%

16.53%

(25.08%)
Oct 01 - Feb 02

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

44

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Discretionary
Ytd Avg. 2015

3.24%

Discretionary/Asia
AMAZON MARKET NEUTRAL FUND CLASS A USD
Philip King

31 Aug 05

$401M
May 15

428.87

31 Jul 09

261M
Mar 15

175.58

Ytd Avg. 2015


1.09%
07 Jul 15 (0.53%) 1.09%
-0.18%

31 Jul 99

MARSHALL WACE - MW MARKET NEUTRAL TOPS A


USD
Anthony Clake.

31 Oct 07

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


Marshall Wace LLP

31 Dec 07

Q
M

$959M
May 15

337.53

$804M
Jun 15

170.69

$2'181M
May 15

132.90

30 Jun
15

30 Apr 02

EQUILIBRIA JAPAN FUND LTD 2X (USD)


James Pulsford, Sara Gardiner-Hill

30 Apr 09

M
M

31 Mar 08

SCHRODER CAZENOVE UK ABSOLUTE TARGET


FUND - P2 GBP
Steven Cordell

30 Jun 08

15.94%

11.34%

(20.20%)

10.72%

6.4%

2.69%

4.19%

(7.38%)

8.26%

9.2%

7.94%

5.42%

(8.65%)
Mar 11 - Sep 11

8.59%

13.34%

18.78%

15.02%

7.20%

6.50%

(15.98%)
Jun 08 - Nov 08

07 Jul 15 0.47%

3.32%

6.39%

7.58%

6.07%

3.86%

4.40%

(11.63%)
Jun 08 - Oct 08

$185M
May 15

257.22

$389M
May 15

174.15

Discretionary/UK
ABSOLUTE INSIGHT UK EQUITY MKT NEUTRAL
FUND-CLASS B2P GBP
Andrew Cawker, Iain Brown, Richard Howarth

Ytd Avg. 2015


3.86%
0.32% (0.32%)
1.57%

07 Jul 15 0.43%

Discretionary/Japan
EQUILIBRIA JAPAN FUND LTD 1X USD
James Pulsford, Sara Gardiner-Hill

1.85%

Feb 14 - Aug 14

Discretionary/Global
BLACK DIAMOND RELATIVE VALUE LTD -C-Shs
Clint Carlson

7.34%

Jun 08 - Dec 08

Discretionary/Europe
OYSTER MARKET NEUTRAL EUR
Syz Asset Management S.A.

Ytd Avg. 2015


1.49%
03 Jul 15 1.18%
1.49%
11.2%

783M
Mar 15

1.23

297M
Jan 15

123.60

30 Jun
15
30 Jun
15

Ytd Avg. 2015


5.70%
0.19%
3.86%
4.6%

9.16%

-3.55%

7.43%

4.41%

(7.20%)
Jul 11 - Dec 12

0.36%

7.53%

9.46%

19.7%

-6.6%

9.41%

7.94%

(13.42%)
Jul 11 - Dec 12

Ytd Avg. 2015


1.79%
09 Jul 15 0.23%
0.84%
0.6%

2.8%

3.49%

2.78%

1.41%

(1.82%)
Feb 14 - May 14

08 Jul 15 0.08%

2.74%

-3.98%

10.09%

4.08%

3.06%

5.07%

(9.96%)
Sep 09 - Dec 10

Equity Diversified
Ytd Avg. 2015

2.51%

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

45

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Equity Diversified/Asia
BLACKROCK PAN ASIA OPPORTUNITIES FUND LTD
CLASS B
Jeff Shen, Ryan Kim, Ryan LaFond, Jan Bratteberg

31 Jul 10

MACQUARIE ASIAN ALPHA FUND


Nick Bird

30 Sep 05

$1'066M
Jun 15

135.39

$2'060M
May 15

1,988.73

30 Sep 10

GAM TALENTUM ENHANCED EUROPE LONG/SHORT - 30 Nov 04


AGianmarco Mondani / Roberto Cantaluppi / Paolo
Longinotti

GLG EUROPEAN EQUITY ALTERNATIVE FUND UCITS


AR CL I
Pierre Lagrange, Simon Savage, Neil Mason

30 Jun 11

MACQUARIE EUROPEAN ALPHA FUND - CLASS A


Nick Bird, Andrew Alexander

31 Jul 12

31 Oct 11

2014

2013

7.13%

2012

2.92%

Ann. Return

6.35%

Ann. Vol

Max
Drawdown1

5.07%

(4.87%)

03 Jul 15 (1.20%)

(2.40%)

10.4%

9.04%

4.41%

9.11%

6.18%

(14.05%)
Oct 07 - Apr 09

358M
Feb 15

136.37

351M
May 15

275.36

$721M
May 15

114.37

$755M
May 15

130.81

$995M
Apr 15

YTD

Ytd Avg. 2015


0.23%
02 Jul 15 (0.33%) 2.85%
3.78%

Ytd Avg. 2015


4.40%
08 Jul 15 1.15%
6.61%
4.9%

16.13%

-0.35%

6.03%

5.43%

(13.12%)
Mar 11 - May 12

03 Jul 15 0.54%

4.59%

3.54%

15.83%

16.66%

10.03%

8.78%

(25.03%)
Jun 08 - Apr 09

26 Jun
15

0.50%

31 May
15

0.33%

Equity Diversified/Global
TWO SIGMA ABSOLUTE RETURN FUND LTD
Two Sigma Advisers, LLC

MTD

Nov 13 - May 14

Equity Diversified/Europe
BLACKROCK EUROPEAN DIVERSIFIED EQUITY A.R.F
- SHARE CLASS D
Robert Fisher/Simon Weinberger

Date

1,283.31

30 Jun
15

5.17%

-6.26%

7.23%

6.19%

3.42%

5.11%

(10.37%)
Feb 14 - Oct 14

1.25%

9.62%

12.78%

5.11%

10.17%

4.04%

(1.88%)
Jul 13 - Aug 13

Ytd Avg. 2015


(0.47%)
(1.19%) (0.47%)
10.06%

11.25%

4.03%

7.04%

4.55%

(3.30%)
Jun 13 - Aug 13

Multi-Strategy
Ytd Avg. 2015

1.55%

Multi-Strategy/Asia
LIM ASIA MULTI-STRATEGY FUND CLASS A
George W. Long

31 Dec 95

$1'127M
May 15

39.78

30 Jun
15

Multi-Strategy/Global
HUDSON BAY INTERNATIONAL FUND LTD
Hudson Bay Capital Management LP

31 May 06

$2'693M
Apr 15

233.41

30 Jun
15

Ytd Avg. 2015


2.31%
(1.39%) 2.31%
4.12%

5.63%

3.57%

7.33%

5.62%

(15.79%)
Feb 08 - Nov 08

Ytd Avg. 2015


0.79%
(0.59%) 0.79%
-2.08%

7.9%

11.37%

9.78%

5.03%

(4.64%)
Feb 14 - Jan 15

Statistical Arbitrage
Ytd Avg. 2015

(2.18%)

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

46

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Statistical Arbitrage/Europe
HiQ INVEST MARKET NEUTRAL FUND
HiQ Invest

31 Jul 07

$45M
Apr 15

15.68

$874M
Jun 15

244.36

$107M
Mar 15

1,116.04

$864M
Jun 15

285.68

Statistical Arbitrage/Global
A.R.T. INTERNATIONAL INVESTOR (BVI) Ltd
Aaron Sosnick

28 Feb 07

CAMPBELL GLOBAL ASSETS FUND LTD Class D


Campbell & Company

31 Dec 00

GSA INTERNATIONAL FUND - CLASS A


David Khabie-Zeitoune

28 Feb 05

Q
M
Q

Date

MTD

YTD

2014

Ytd Avg. 2015


(17.62%)
31 May (0.76%) (17.62%) -15.43%
15
Ytd Avg. 2015
2.97%
01 Jul 15 0.21%
2.66%
9.83%

2013

5.22%

2012

25.87%

Ann. Return

5.91%

Ann. Vol

Max
Drawdown1

18.33%

(34.89%)
Aug 14 - May 15

4.91%

5.67%

11.30%

7.38%

(10.48%)
Jul 07 - Aug 07

08 Jul 15 (1.47%)

(1.77%)

3.1%

-5.62%

-10.1%

7.46%

10.16%

(22.98%)
Feb 06 - Aug 07

03 Jul 15 0.31%

8.01%

12.14%

13.28%

3.64%

10.68%

4.33%

(11.91%)
Jun 08 - Sep 08

Systematic
Ytd Avg. 2015

5.03%

Systematic/Europe
BLACKROCK EOS CLASS B USD COMPOSITE
Robert Fisher, Simon Weinberger

28 Feb 02

$407M
May 15

1,653.99

31 Jul 02

BLUEMATRIX FUND CLASS -A- USD


Systematica Investments Limited

31 Oct 07

Y/M

20.08%

3.49%

9.87%

8.28%

(14.33%)
Jul 07 - Jan 08

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

Ytd Avg. 2015


7.23%
07 Jul 15 1.07%
7.23%
6.55%

$1'157M
Apr 15

2,213.82

$2'405M
Oct 14

168.42

Ytd Avg. 2015


3.92%
02 Jul 15 0.79%
4.82%
-0.67%

8.02%

9.41%

6.34%

7.24%

(25.15%)
Jun 08 - Sep 09

30 Jun
15

2.28%

3.03%

10.4%

12.57%

-2.49%

7.03%

6.95%

(9.96%)
Apr 11 - Sep 11

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

47

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Merger-Arbitrage
Ytd Avg. 2015

5.52%

Merger-Arbitrage/Global
GLAZER ENHANCED OFFSHORE FUND LTD
Paul Glazer

31 Dec 98

LION FUND, LTD (THE)


Nick Walker

31 Jan 96

M
M

$269M
May 15

1,149.69

$133M
Feb 15

37.35

31 Aug 89

$138M
Apr 15

5.56%

5.34%

15.94%

6.03%

(5.77%)
Oct 07 - Dec 07

Merger-Arbitrage/USA
GABELLI ASSOCIATES LIMITED
Mario Gabelli

Ytd Avg. 2015


6.95%
03 Jul 15 0.36%
5.65%
5.91%

629.70

31 May
15

3.37%

8.25%

-8.29%

Ytd Avg. 2015


2.67%
03 Jul 15 0.23%
2.67%
2.09%

-5.17%

2.36%

6.97%

9.35%

(34.07%)
Oct 07 - Feb 09

3.12%

2.55%

7.38%

3.21%

(6.65%)
Oct 07 - Oct 08

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

48

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Credit
Ytd Avg. 2015

4.12%

Credit/Europe
CHENAVARI MULTI STRATEGY CREDIT FUND - MS2
Chenavari Investment Managers

31 Jan 12

$514M
May 15

143.21

31 May
15

Credit/Global
CANYON BALANCED FUND LTD
M.R. Julis & J.S. Friedman

31 May 04

$1'714M
Apr 15

3,761.51

31 May
15

Ytd Avg. 2015


3.15%
0.15%
3.15%
7.89%

20.57%

6.72%

11.38%

3.51%

(0.45%)
Jul 13 - Aug 13

Ytd Avg. 2015


5.08%
1.34%
5.08%
6.16%

19.99%

20.52%

12.79%

9.85%

(30.14%)
Oct 07 - Nov 08

Diversified
Ytd Avg. 2015

4.26%

Diversified/Asia
PHALANX JAPAN AUSTRALASIA MULTI-STRATEGY
FUND LTD
Christopher S. McGuire

31 Mar 05

PINE RIVER CHINA FUND


Dan Li

30 Sep 13

SEGANTII ASIA-PACIFIC EQUITY MULTI-STRATEGY


FUND
Simon Sadler & Kurt Ersoy

30 Nov 07

Q
M

$56M
Apr 15

1,281.00

$1'274M
Jun 15

159.54

$1'055M
May 15

376.60

31 May
15
30 Jun
15

30 Jun 99

$1'193M
Feb 15

30 Jun 06

ALLBLUE LIMITED
Michael Platt

31 Aug 05

ARROWGRASS MASTER FUND


Nick Niell , Henry Kenner

31 Jan 08

ATLAS ENHANCED FUND LTD


Dmitry Balyasny

28 Feb 11

M
M
Q
M

11.48%

28.49%

26.10%

(30.13%)

(4.11%)

14.13%

29.88%

7.63%

30.63%

16.43%

(4.37%)
Apr 14 - Jun 14

29.12%

34.88%

-1.68%

4.81%

19.08%

10.11%

(10.16%)
May 13 - Mar 14

1,858.20

Diversified/Global
AHL DIMENSION USD SHARES
Tim Wong, Nick Granger

12.82%

Apr 06 - Mar 07

03 Jul 15 (0.86%)

Diversified/Emerging
SPINNAKER GLOBAL EMERGING MARKETS FUND,
LTD
Bradley Wickens

Ytd Avg. 2015


14.79%
2.10%
1.11%
-12.87%

$2'400M
Mar 15

0.98

$7'500M
May 15

209.59

4'368M
Apr 15

174.18

$3'400M
Apr 15

155.52

30 Jun
15

Ytd Avg. 2015


(3.96%)
(8.27%) (3.96%)
-3.35%

3.37%

20.69%

20.02%

11.70%

(33.11%)
May 08 - Feb 09

Ytd Avg. 2015


3.70%
03 Jul 15 0.22%
0.08%
16.33%

2.64%

2.6%

5.82%

9.04%

(10.63%)
Dec 08 - Jan 10

30 Jun
15

(0.99%)

03 Jul 15 0.15%

0.90%

6.27%

1.53%

5.96%

7.81%

4.46%

(4.51%)
Jun 07 - Aug 07

5.07%

2.87%

8.58%

5.6%

7.76%

4.13%

(3.99%)
Apr 11 - Sep 11

03 Jul 15 (0.04%)

6.09%

13.73%

20.85%

12.61%

10.70%

8.28%

(13.44%)
Jul 11 - Apr 12

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

49

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Diversified/Global
ATLAS GLOBAL INVESTMENTS LTD UNRESTRICTED
Dmitry Balyasny

31 Dec 03

BLACK DIAMOND, LTD - CLASS B (UNRESTRICTED)


Clint D. Carlson

31 Dec 95

BLACKROCK MULTI-STRATEGY FUND LTD - CLASS A


Matt McBrady

30 Apr 05

BLACKROCK CAPITAL STRUCTURE INVESTMENTS


FUND LTD
Chad Meuse, Benoy Thomas

31 Dec 08

BLUECREST CAPL INTL LTD A USD


Michael Platt

30 Nov 00

BOUSSARD & GAVAUDAN HOLDING LTD ordinary


shares
Emmanuel Gavaudan

31 Jan 07

BREVAN HOWARD M/S FUND, LTD CL. A/USD


Alan Howard

29 Feb 08

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

30 Apr 09

CQS DIRECTIONAL OPP. FEEDER FUND. Ltd A NI


USD
Michael Hintze

31 Jul 05

CQS DIVERSIFIED FUND (SPC) LTD ALPHA CLASS B


USD
James Peattie & Peter Warren

28 Feb 07

DOUBLE BLACK DIAMOND LTD - SERIES A


(UNRESTRICTED)
Clint Carlson

31 Mar 98

GLG MARKET NEUTRAL FUND - CLASS Z USD


UNRESTRICTED
Steve Roth

31 Dec 97

HALCYON PARTNERS OFFSHORE FUND LTD


John M. Bader

31 May 04

HIGHBRIDGE CAPITAL CORPORATION CLASS


-A-Series N (Composite)
Mark Vanacore

31 Aug 92

HUTCHIN HILL DIVERSIFIED ALPHA MASTER FUND


LTD 15% Incentive Allocation
Neil Chriss

30 Jun 08

M
Q
M
M

Q
D

M
M
Q

Q
Q/Y

$4'800M
Apr 15

4,023.22

$79M
May 15

348.07

$1'339M
May 15

1,550.52

$382M
Jun 15

120.92

$4'400M
May 15

421.41

618M
Feb 15

18.80

$3'359M
May 15

131.67

$1'705M
Apr 15

1,536.63

$3'586M
May 15

5,026.64

$1'647M
May 15

1,750.29

$3'134M
Apr 15

468.40

$709M
May 15

904.90

$1'348M
Dec 14

183.68

$941M
Jan 15

101,362.21

$4'096M
Jul 15

1,975.24

Date

MTD

YTD

2014

Ytd Avg. 2015


3.70%
03 Jul 15 (0.08%) 2.64%
7.2%

2013

12.94%

2012

4.84%

Ann. Return

12.85%

Ann. Vol

Max
Drawdown1

8.16%

(12.51%)
Jun 04 - Aug 04

30 Jun
15

0.63%

31 May
15

0.78%

2.42%

4.91%

6.18%

10.23%

6.60%

3.97%

(18.64%)
Aug 08 - Dec 08

(0.78%)

2.07%

7.04%

7.86%

4.44%

5.20%

(13.96%)
Jun 08 - Dec 08

06 Jul 15 1.82%

(3.14%)

-5.21%

7.19%

3.74%

2.96%

7.81%

(12.95%)
Feb 14 - Jun 15

30 Jun
15

(0.38%)

(2.79%)

0.1%

-1.56%

5.82%

10.36%

5.68%

(7.92%)
Apr 13 - Mar 15

08 Jul 15 0.26%

5.22%

7.02%

13.46%

9.45%

6.74%

6.68%

(20.69%)
May 07 - Sep 08

30 Jun
15

(1.56%)

30 Jun
15

(2.10%)

30 Jun
15

(0.86%)

30 Jun
15

(0.54%)

30 Jun
15

0.69%

26 Jun
15

0.18%

19 Jun
15

(0.33%)

30 Jun
15

(0.68%)

1.02%

1.13%

0.91%

4.61%

3.82%

4.48%

(6.29%)
Feb 08 - Sep 08

6.09%

1.86%

15.02%

3.57%

7.21%

7.26%

(6.56%)
Apr 11 - Nov 11

4.79%

3.12%

15.97%

35.87%

17.68%

13.06%

(24.58%)
Apr 11 - Sep 11

2.98%

1.18%

5.99%

11.4%

6.94%

6.25%

(14.78%)
Jun 08 - Dec 08

2.58%

4.62%

7.91%

12.04%

9.36%

5.17%

(17.93%)
Aug 08 - Dec 08

4.73%

-7.43%

10.3%

18.4%

13.42%

14.33%

(54.03%)
Nov 07 - Dec 08

2.92%

-2.88%

7.4%

11.24%

5.65%

5.49%

(15.01%)
Oct 07 - Dec 08

03 Jul 15 0.17%

7.72%

6.16%

6.5%

9.79%

10.67%

6.85%

(30.04%)
Jun 08 - Nov 08

1.12%

9.69%

19.38%

11.06%

10.20%

5.93%

(7.63%)
Apr 11 - Feb 12

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

50

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Diversified/Global
JABCAP GLOBAL BALANCED FUND LTD CLASS D/1 NI 30 Apr 07
Philippe Jabre

JABCAP MULTI STRATEGY FUND LTD CLASS D/1 NI


Philippe Jabre

31 Jan 07

LINDEN INTERNATIONAL LTD


Joe Wong

31 May 03

LMR FUND LTD


LMR Partners LLP, LMR Partners Limited

31 Jan 10

MAN GLG MULTI-STRATEGY FUND CLASS G


Neil Mason and David Kingsley

31 Dec 02

MAN GLG MULTI-STRATEGY UCITS CLASS D


Neil Mason and David Kingsley

31 May 12

MILLENNIUM INTL LTD


Israel A Englander

31 Dec 89

PALOMA INTERNATIONAL LTD CLASS A


Donald Sussman

31 Dec 02

PINE RIVER FUND CLASS -B1- SHARES


Aaron Yeary, James Clark

31 May 02

PLATINUM PARTNERS VALUE ARBITRAGE INT. FUND 31 Dec 02


LTD
Mark Nordlicht
QVT OFFSHORE LTD CLASS 1-NR
Dan Gold

31 Oct 03

RENAISSANCE INSTITUTIONAL DIVERSIFIED ALPHA


FUND INTL. L.P.,A
Renaissance Technologies LLC

28 Feb 12

STRATUS FUND LIMITED CLASS B


Jean-Philippe Bouchaud, Philippe Jordan, Marc Potters,
Jacques Sauliere

30 Nov 03

VISIUM GLOBAL OFFSHORE FUND LTD


Jacob Gottlieb

31 Mar 09

WEISS MULTI-STRATEGY PARTNERS LLC


Weiss Multi-Strategy Advisers,LLC

30 Sep 06

Q
M
M
D
Q
Y/Q
Q
Q

Y/Q
M

M
Q

$525M
Jun 15

253.05

$495M
Apr 15

171.93

$869M
May 15

363.32

$735M
May 15

233.78

$135M
May 15

109.07

$236M
May 15

110.19

$29'630M
May 15

3,114.95

$1'539M
Apr 15

292.81

$4'843M
Jun 15

3,875.26

$829M
May 15

7,510.47

$1'822M
Jul 15

2,446.09

$1'468M
May 15

112.44

$222M
May 15

2,434.64

$1'218M
Apr 15

331.96

$350M
Jun 15

184.39

30 Jun
15

31 Oct 04

$224M
Feb 15

YTD

2014

Ytd Avg. 2015


3.70%
(5.95%) 8.76%
2.01%

2013

47.8%

2012

15.5%

Ann. Return

12.03%

Ann. Vol

Max
Drawdown1

14.99%

(35.04%)
Apr 10 - Jun 12

15 Jun
15

(6.00%)

31 May
15

0.32%

9.36%

-3.04%

43.03%

11.8%

6.68%

17.27%

(40.20%)
Feb 08 - Jan 09

5.13%

12.43%

16%

4.11%

11.34%

9.24%

(24.60%)
Feb 08 - Dec 08

03 Jul 15 0.15%

6.32%

2.22%

10.04%

8.09%

16.96%

9.51%

(9.53%)
Apr 10 - May 10

26 Jun
15

(0.34%)

26 Jun
15

(0.44%)

30 Jun
15

1.02%

31 May
15

2.26%

30 Jun
15

(0.96%)

4.76%

-0.92%

5.08%

4.98%

4.67%

7.11%

(30.54%)
Oct 07 - Dec 08

4.58%

-0.97%

4.73%

1%

3.01%

3.26%

(4.70%)
Feb 14 - Jul 14

7.17%

12%

13.27%

6.32%

14.41%

4.35%

(7.24%)
May 98 - Aug 98

6.31%

5.06%

16.02%

8.43%

9.03%

4.91%

(6.83%)
Jul 11 - Dec 11

4.23%

4.57%

9.58%

21.75%

10.90%

10.04%

(29.16%)
Jun 08 - Dec 08

31 May (0.23%)
15

5.85%

30 Jun
15

1.08%

6.82%

30 Jun
15

(3.33%)

10.76%

7.12%

11.58%

17.62%

5.47%

(4.44%)
Aug 08 - Oct 08

-2.3%

1.39%

14.69%

7.97%

9.21%

(40.35%)
Feb 08 - Dec 08

(3.51%)

10.78%

6.53%

-1.26%

3.58%

9.84%

(8.76%)
Mar 13 - Sep 13

03 Jul 15 0.37%

2.68%

14.58%

1.82%

-2.89%

7.97%

5.84%

(10.52%)
Feb 12 - Sep 13

02 Jul 15 0.09%

5.99%

0.79%

16.99%

19.52%

21.14%

9.65%

(7.80%)
Apr 10 - Jun 10

03 Jul 15 0.23%

1.85%

0%

14.5%

1.75%

7.23%

6.37%

(17.75%)
Jun 08 - Dec 08

Diversified/Japan
LIM JAPAN FUND
George Long

MTD

209.69

30 Jun
15

Ytd Avg. 2015


(0.34%)
(1.09%) (0.34%)
5.85%

11.39%

5.62%

7.19%

5.61%

(10.09%)
Jun 08 - Feb 09

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

51

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Arbitrage
Ytd Avg. 2015

0.85%

Arbitrage/Global
BLUEMOUNTAIN EQUITY ALTERNATIVES FUND
BlueMountain Capital Management

28 Feb 06

CASSIOPEIA FUND CLASS C


Pierre de Saab & Alain Dos Santos

31 Jul 04

LIONSCREST TAILPRO -US EQUITY FUND


Lionscrest Capital

31 Aug 08

PIMCO MULTI-ASSET VOLATILITY FUND LTD


Josh Thimons

31 Jul 11

Q
M
M
M

$538M
Apr 15

2,289.02

$253M
Jun 15

224.45

$122M
May 15

195.68

$774M
May 15

136.88

30 Jun
15

Ytd Avg. 2015


0.85%
(0.85%) 2.69%
0.36%

7.56%

12.24%

9.27%

6.41%

(9.57%)
Sep 08 - Feb 09

07 Jul 15 (0.52%)

1.78%

-4.16%

0.53%

24.85%

10.15%

9.35%

(15.42%)
Mar 10 - Jun 10

31 May (2.30%)
15
31 May
15

1.82%

(6.48%)

-7.1%

-6.33%

-5.48%

10.45%

40.44%

(24.15%)
Sep 11 - May 15

5.40%

1.39%

-6.17%

13.41%

8.53%

7.14%

(8.64%)
Oct 12 - Aug 13

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

52

This document has been distributed by HSBC Holding plc or any of its direct or indirect subsidiaries (each a HSBC Group Member and the entity which distributed this document, the Relevant
HSBC Group Member) to provide information solely to the persons to whom it is provided. This document must not be distributed to any jurisdiction in which its distribution is unlawful.
Information in this document is confidential. You agree to keep confidential at all times the information contained in it or made available by the Relevant HSBC Group Member in connection with
it. This document is for your exclusive use and, except with the prior written consent of the Relevant HSBC Group Member, shall not be copied or reproduced, stored in a retrieval system, or
distributed, communicated, transmitted or disclosed in whole or in part in any form or by any means electronic, mechanical, photocopying, recording, or otherwise, by you to any other person.
This document remains the property of HSBC and on request this document, and all other materials provided by the Relevant HSBC Group Member relating to proposals contained herein, must
be returned and any copies destroyed.
This document is for information purposes and convenient reference only. The issue of this document may not be regarded as creating any form of adviser/client relationship. The document does
not constitute and is not intended to constitute any form of legal, tax or investment advice or recommendation. Please note that the investment funds mentioned in this document may not be
available for subscription to you.
Any projection, estimate, forecast or other forward-looking statement in this document only illustrates hypothetical performance under specified assumptions of events or conditions, and is not a
reliable indicator of future performance. Past performance is not a guide to the future results.
None of the HSBC Group Members assures, by means of this disclaimer, the accuracy or completeness of any information contained in this document and none of them is not responsible for
any mistake or omission related to any information in the document, which shall not be interpreted by you as inducing you to enter into any agreement or operation in connection with the subject
of the document. No HSBC Group Member give any undertaking, and is under any obligation, to provide the recipient with access to any additional information or to update this document or any
additional information or to correct any inaccuracies in it which may become apparent.
This document is based on information obtained from sources or third party materials that the relevant HSBC Group Member believes to be reliable but which it has not independently verified.
Except in the case of fraudulent misrepresentation, each HSBC Group Member (and each of its officers, employees or agents) expressly disclaims any responsibility or liability of any kind for: (i)
the accuracy, completeness or sufficiency of this document or of any information, statement, assumption or projection herein or any other written or oral information provided in connection
therewith; or (ii) any loss or damage (whether direct, indirect, consequential or other) arising out of reliance upon this document. No HSBC Group Member shall have any responsibility or liability
to any third parties for any losses, costs or expenses or other liabilities.
It is not intended that this document offers, invites, or induces, you to buy, sell, subscribe for or underwrite any financial instruments, any security or other investments, in any jurisdiction.
Where distribution of this document is made by HSBC Bank plc: where this document would otherwise constitute a financial promotion, as defined within the FCA Handbook, it has been
provided to you on the basis that it is either an excluded communication or a non-retail communication. HSBC Bank plc is authorised by the Prudential Regulation Authority and regulated by
the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England No. 14259. Registered Office: 8 Canada Square, London, E14 5HQ, United Kingdom.
Where distribution of this document is made by The Hongkong and Shanghai Banking Corporation Limited: This document has been issued by The Hongkong and Shanghai Banking Corporation
Limited in the conduct of its Hong Kong regulated business and this document is intended to be distributed to professional investors (as defined under the Securities and Futures Ordinance of
Hong Kong) only.
Where distribution of this document is made by The Hongkong and Shanghai Banking Corporation Limited, Singapore branch: This document has been issued by The Hongkong and Shanghai
Banking Corporation Limited, Singapore branch and this document is intended for distribution to, or use by, institutional and/or accredited investors, as defined in section 4A of the Securities and
Futures Act (Cap. 289) of Singapore.
Where distribution of this document is made by The Hongkong and Shanghai Banking Corporation Limited, Australia branch (ABN 65 117 925 970) AFSL 301737: This document has been
issued by the The Hongkong and Shanghai Banking Corporation Limited, Australia branch and this document is intended to be distributed for the general information of its wholesale customers
(as defined in the Corporations Act 2001). It makes no representations that the products or services mentioned in this document are available to persons in Australia or anywhere else or are
necessarily suitable for any particular person or appropriate in accordance with local law. No consideration has been given to the particular investment objectives, financial situation or particular
needs of any recipient.

Copyright 2015. ALL RIGHTS RESERVED.

You might also like