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Hedge Weekly N32

Investment Funds Performance Review

HSBC Alternative Investment Group


Week of Monday 03 Aug to Friday 07 Aug 2015

Alternative Investment Products are:


NOT A DEPOSIT OR
OTHER OBLIGATION
OF THE BANK OR
ANY OF ITS
AFFILIATES

NOT FDIC INSURED

NOT INSURED BY
ANY FEDERAL
GOVERNMENT
AGENCY OF THE
UNITED STATES

NOT GUARANTEED
SUBJECT TO
BY THE BANK OR ANY INVESTMENT RISK,
OF ITS AFFILIATES
INCLUDING POSSIBLE
LOSS OF PRINCIPAL
INVESTED

Index by Strategies

Index by Funds

Top/Bottom 20

Newsletter

12

About This Document

54

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

19

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

21
21
28
29
29
29
30
30
30
31

Event Driven
Equity-Diversified
Merger-Arbitrage
Multi-Strategy

32
32
32

38
38
38
39
42
42

Managed Futures
Currency
Systematic

43
45

Market Neutral
Discretionary
Equity Diversified
Multi-Strategy
Statistical Arbitrage
Systematic

46
47
47
48
48

Merger Arbitrage
Merger-Arbitrage

49

Multi-Strategy
Credit
Diversified

50
50

Volatility Arbitrage
Arbitrage

Fixed Income Arbitrage


Fixed Income

Commodity
Commodity-Systematic
Currency
Diversified
Fixed Income
Systematic

53

34

Fund of Funds
Arbitrage
Event Driven
Macro
Multi-Strategy
Trading

35
35
35
36
36

Long Only
Equity-Diversified

37

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

48

AMAZON MARKET NEUTRAL FUND CLA

46

BLACKROCK CAPITAL STRUCTURE IN

51

ANAVON GLOBAL EQUITY LONG SHOR

24

BLACKROCK EUROPEAN DIVERSIFIED

47

ANAVON MASTER FUND LTD CLASS -

24

BLACKROCK FIXED INCOME GLOBAL

34

ANDALUSIAN CORPORATE OPPORTUNI

32

BLACKROCK OBSIDIAN FUND

34

ANDURAND COMMODITIES FUND

38

BLACKROCK PAN ASIA OPPORTUNITI

47

ANTARES EUROPEAN FUND, LTD - U

22

BLACKROCK UK EQUITY HEDGE FUND

27

APERIOS EMERGING CONNECTIVITY

22

BLUEBAY CREDIT ALPHA LONG SHOR

15

ABACO FINANCIALS FUND

28

AQUILUS INFLECTION FUND LTD E

22

BLUEBAY EMERGING MARKET CORPOR 13

ABSOLUTE INSIGHT CREDIT FUND B

13

ARISTEIA INTERNATIONAL LTD

14

BLUEBAY EMERGING MARKET FIXED

13

ABSOLUTE INSIGHT EMERGING MARK

13

ARROWGRASS MASTER FUND

50

BLUECREST CAPL INTL LTD A USD

51

ABSOLUTE INSIGHT UK EQUITY MKT

46

ASCEND PARTNERS FUND II LTD -

27

BLUECREST EMERGING MARKETS FUN

39

ACUITY CORPORATE OPPORTUNITY F

17

ASGARD FIXED INCOME FUND LTD

14

BLUECREST EQUITY STRATEGIES FU

24

ADELPHI EUR. FUND $ (A)

22

ASPECT DIVERSIFIED FUND - CLAS

43

BLUECREST MULTI STRATEGY CREDI

15

ADRIGO HEDGE

22

ATLAS ENHANCED FUND LTD

50

BLUEMATRIX FUND CLASS -A- USD

48

AG MORTGAGE VALUE PARTNERS LTD

14

ATLAS FUNDAMENTAL TRADING FUND

24

BLUEMOUNTAIN CREDIT ALTERNATIV

15

AG SUPER FUND INTERNATIONAL, L

32

ATLAS GLOBAL INVESTMENTS LTD U

51

BLUEMOUNTAIN EQUITY ALTERNATIV

53

AHL EVOLUTION

43

ATREAUS OVERSEAS FUND LTD

39

BLUEMOUNTAIN LONG SHORT EQUITY

24

AHL ALPHA

43

AXONIC CREDIT OPPORTUNITIES OV

14

BLUETREND FUND, LTD -USD- CLAS

43

AHL DIMENSION

50

AXONIC SYSTEMATIC ARBITRAGE OV

34

BNY MELLON ARX BRAZIL FUND SPC

21

BORONIA DIVERSIFIED FUND MASTE

43

BOUSSARD & GAVAUDAN HOLDING LT

51

BREVAN HOWARD ASIA FUND LIMITE

39

BREVAN HOWARD FUND, LTD - USD

40

BREVAN HOWARD M/S FUND, LTD

51

BREVAN HOWARD SYSTEMATIC TRADI

43

BRIGADE LEVERAGED CAPITAL STRU

17

BROOKFIELD GLOBAL LISTED INFRA

24

BROOKFIELD WELLS STREET OFFSHO

30

BRUMMER MULTISTRATEGY 2XL, LTD

51

BTG PACTUAL GLOBAL EM. MKTS AN

40

AHL DIVERSIFIED

43

AJR INTERNATIONAL (BVI), INC.

27

AKAMATSU FUND

26

ALCENTRA GLOBAL SPECIAL SITUAT

14

ALLBLUE LIMITED

50

ALLIANCE BERNSTEIN SELECT US E

27

ALPHA4X CAPITAL GROWTH FUND

39

ALPHADYNE INVESTMENT STRATEGIE

39

ALPHAGEN HOKUTO FUND LTD - CLA

26

ALPHAGEN JAPAN ABS RETURN FD,

26

ALPHAGEN OCTANIS CLASS A

27

ALPHAGEN VOLANTIS FUND, LTD -

29

ALTAI CAPITAL PARTNERS OFFSHOR

32

B
BAF LATAM TRADE FINANCE FUND
BASSO INVESTORS LTD

12

BAY RESOURCES PARTNERS OFFSHOR 27


BCM WESTON LP (BILLINGS CAPITA
BEACH POINT TOTAL RETURN OFFSH

27
17

BEACONLIGHT OFFSHORE FUND LTD

24

BLACK DIAMOND RELATIVE VALUE L

46

BLACK DIAMOND, LTD - CLASS B (

51

CAIRN SPECIAL OPPORTUNITIES CR

13

CAMPBELL GLOBAL ASSETS FUND LT

43

CAMPBELL GLOBAL ASSETS FUND LT

43

CAMPBELL GLOBAL ASSETS FUND LT

48

CANDLEWOOD SPECIAL SITUATIONS

19

CANDLEWOOD STRUCTURED CREDIT F

15

CANDLEWOOD STRUCTURED CREDIT H 15


CANOSA GLOBAL MACRO FUND LTD

40

CANTAB CAPITAL PARTNERS QUANTI

43

CANYON BALANCED FUND LTD

50

CANYON VALUE REALIZATION FD, L

19

CAPEVIEW AZRI 2X FUND

22

CAPEVIEW AZRI FUND

22

CAPEVIEW RECOVERY FUND

13

CAPITAL FOUR CREDIT OPPORTUNIT

13

CAPULA GLOBAL RELATIVE VALUE F

34

CARLYLE LIQUID TACTICAL FUND

25

CARLYLE TREND FOLLOWING FUND

43

CASSIOPEIA FUND CLASS C

53

CAXTON GLOBAL INVESTMENT LTD

40

CCI HEALTHCARE PARTNERS LTD

29

CCI MICRO HEALTHCARE PARTNERS

29

CERBERUS INTL. LTD CLASS A A/

19

CHENAVARI CORPORATE CREDIT STR

15

CHENAVARI MULTI STRATEGY CREDI

50

CHENAVARI REGULATORY CAPITAL S

14

CHENAVARI TORO CAPITAL I A

14

BLACKROCK EOS CLASS B USD COM

48

CLAREANT STRUCTURED CREDIT OPP

15

BLACKROCK MULTI-STRATEGY FUND

51

CLAREANT STRUCTURED CREDIT OPP

15

BLACKROCK 32 CAPITAL MASTER FU

48

COBALT OFFSHORE LTD

27

Past performance is not a reliable indicator of future performance.


Source - HSBC

13

HSBC Alternative Investment Group

COHERENCE CAPITAL SPECTRUM FUN

EAGLE GLOBAL

44

GAM DIVERSITY II INC - US$ CLA

35

HALCYON OFF. ASSET-BACKED VALU

COMMONWEALTH OPPORTUNITY CAYMA 40

15

EAGLE QUANTITATIVE MACRO

42

GAM GLOBAL RATES HEDGE FUND

40

HALCYON PARTNERS OFFSHORE FUND 51

CONQUEST MACRO FUND, LTD (COMP

43

ECLECTICA FUND CLASS A EURO (T

40

GAM TALENTUM ENHANCED EUROPE L

47

HALKIN ACCURATE FX INCOME INDE

CONTRARIAN CAPITAL FUND I OFFS

19

ECOFIN VISTA LONG SHORT FUND

25

GAM TRADING II USD

35

HARBOUR HOLDINGS LTD

30

CONTRARIAN EMERGING MARKETS OF

13

EDGESTREAM NIAS FUND

44

GAMUT INVESTMENTS

40

HARMONIC ALPHA PLUS MACRO FUN

40

COOPER CREEK PARTNERS LLC

30

EIFFEL CREDIT OPPORTUNITIES FU

14

GAVEA FUND LTD . CLASS A S/1

39

HARNESS MACRO CURRENCY FUND

38

COVALIS CAPITAL CLASS B

22

ELECTRON GLOBAL FUND, L.P.

31

GEMS PROGR. FUND SICAV RECOVER

35

HARVEY PARTNERS LLC

30

CQS ABS FEEDER FUND - CLASS -B

15

ELEMENT CAPITAL FUND

40

GLADE BROOK GLOBAL OFFSHORE FU

25

HIGHBRIDGE CAPITAL CORPORATION

51

CQS DIRECTIONAL OPP. FEEDER FU

51

ELLINGTON CREDIT OPPORTUNITIES

15

GLAZER ENHANCED OFFSHORE FUND

49

HIGHER MOMENT AURORA FUND,LP

42

CQS DIVERSIFIED FUND (SPC) LTD

51

ELLINGTON MORTGAGE OPPORTUNITI

15

GLENVIEW CAPITAL PARTNERS (CAY

27

HORSEMAN GLOBAL FUND USD

25

CRABEL FUND SPC LTD CLASS A

44

ELM RIDGE CAPITAL PARTNERS L.P

27

GLG CROSS ASSET VALUE OFFSHORE

14

HSBC CREDIT MARKET OPPORTUNITI

35

CYGNUS UTILITIES, INFRASTRUCTU

31

EPISODE INC. CLASS A

40

GLG EUROPEAN EQUITY ALTERNATIV

47

HSBC GH FUND USD

36

EQUILIBRIA JAPAN FUND LTD 1X U

46

GLG EUROPEAN LONG SHORT FUND C

23

HSBC LEVERAGED GH FUND

36

EQUILIBRIA JAPAN FUND LTD 2X (

46

GLG MARKET NEUTRAL FUND - CLAS

51

HSBC MAA FUND USD

35

EXANE ARCHIMEDES FUND CLASS A

30

GOLDEN CHINA FUND NR CLASS

21

HSBC SPECIAL OPPORTUNITIES FUN

35

EXANE TEMPLIERS FUND

25

GRAHAM ABSOLUTE RETURN TRADING

40

HSBC TRADING ADVANTEDGE FUND

36

GRAHAM GIF II PROPRIETARY MATR

44

HSBC UCITS ADVANTEDGE FUND -US

36

GRAHAM GLOBAL INVESTMENT FUND

40

HUDSON BAY INTERNATIONAL FUND

47

GRAHAM GLOBAL INVESTMENT FUND

44

HUTCHIN HILL DIVERSIFIED ALPHA

51

GRAHAM GLOBAL INVESTMENT FUND

44

GRAHAM GLOBAL INVESTMENT FUND

44

GRAHAM GLOBAL INVESTMENT FUND-

40

GRANADA EUROPE FUND LTD

23

GRATICULE ASIA MACRO FUND

39

GREEN FUND LLC GREEN CLASS

39

GREEN T G2 FUND

15

GREENLIGHT CAPITAL OFFSHORE, L

27

GREYWOLF CAPITAL OVERSEAS FUND

32

GSA INTERNATIONAL FUND - CLASS

48

D
DAVIDSON KEMPNER DIST. OPP. IN

19

DAVIDSON KEMPNER INTL, LTD - C

32

DB PLATINUM IV DBX SYSTEMATIC

44

DIAMOND CAPITAL MANAGEMENT

35

DISCUS FEEDER LTD CL. B USD ST

44

F
FARRINGDON ALPHA ONE

25

DORSET ENERGY FUND, LTD - CLAS

28

FINISTERRE CREDIT FUND

13

DOUBLE BLACK DIAMOND LTD - SER

51

FINISTERRE GLOBAL OPPORTUNITY

39

DROMEUS GLOBAL OPPORTUNITIES F

32

FINISTERRE SOVEREIGN DEBT FUND

39

DUET GLOBAL PLUS FUND

25

FIREBIRD NEW RUSSIA FUND, LTD

27

DUNN WMA FUND, SA

44

FIREBIRD REPUBLICS FUND, LTD

22

DUNN WMA INSTITUTIONAL UCITS F

44

FJ CAPITAL FINANCIAL OPPORTUNI

27

DW CATALYST OFFSHORE FUND LTD

15

DW VALUE OFFSHORE FUND LTD

15

DYMON ASIA MACRO FUND (SERIES

38

FORT GLOBAL DIVERSIFIED


FORTRESS MACRO FUND LTD. CLAS

44
40

G
E
EAGLE DIRECTIONAL MACRO

42

GABELLI ASSOCIATES LIMITED

49

GAM DIVERSITY I INC - US$ CLAS

35

Past performance is not a reliable indicator of future performance.


Source - HSBC

42

I
III FUND LTD

34

III RELATIVE VALUE CREDIT STRA

34

III SELECT CREDIT FUND LTD CLA

15

IP ALL SEASONS ASIAN CREDIT HE

13

ISAM SYSTEMATIC FUND CLASS A

44

IVORY CAPITAL FLAGSHIP STRATEG

27

IVORY OPTIMAL FUND LTD

28

JABCAP EMEA FUND CLASS X1


HABROK LTD

20

22

25

HSBC Alternative Investment Group

JABCAP GLOBAL BALANCED FUND LT

52

LNG EUROPA CREDIT FUND

14

MAVERICK FUND, LTD - CLASS A/1

25

NEZU CYCLICALS FUND LTD

21

JABCAP GLOBAL CONVERTIBLE FUND

12

LONDON DIVERSIFIED FUND, LTD -

34

MELLON OFF GLOB OPP FUND LTD -

41

NORDIC ALPHA CLASS B - NOK

23

JABCAP MULTI STRATEGY FUND LTD

52

LONDON SELECT FUND LIMITED

40

MERCHANT COMMODITY FUND (THE)

38

NORTHLIGHT EUROPEAN FUNDAMENTA 14

JENOP GLOBAL HEALTHCARE FUND L

29

LOOMIS SAYLES CREDIT LONG SHOR

16

MERRICKS CAPITAL SOFT COMMODIT

38

JPMORGAN EUROPE DYNAMIC L/S FU

23

LOREM IPSUM MASTER FUND LP

25

MIDOCEAN ABSOLUTE RETURN CREDI

17

LUCERNE CAPITAL FUND L.P.

23

MIDOCEAN CREDIT OPPORTUNITY FU

17

LUCIDUS LEVERAGED CREDIT FUND

16

MILLBURN COMMODITY PROGRAM

38

LYNX (BERMUDA) LTD

44

MILLBURN DIVERSIFIED PROGRAM

45

LYNX BERMUDA 1.5 LTD

44

MILLENNIUM INTL LTD

52

MKP CREDIT OFFSHORE FUND

16

MKP ENHANCED OPPORTUNITY OFFSH

41

MKP OPPORTUNITY OFFSHORE, LTD

41

MLIS - BEACH POINT DIVERSIFIED

16

MLIS - CCI HEALTHCARE LONG SHO

29

MLIS - GRAHAM CAPITAL SYSTEMAT

45

MLIS - MARSHALL W. TOPS UCITS

46

MLIS - OZ EUROPE UCITS FUND CL

32

MLIS - THEOREMA EUROPEAN EQUIT

23

MLM MACRO PEAK PARTNERS OFFSH

41

MOJNA ALPHA LEVERAGED MASTER F

23

MOJNA ALPHA MASTER FUND - EUR

23

MONARCH DEBT RECOVERY FUND LTD

19

MONEDA LATIN AMERICAN CORPORAT

13

MOORE GLOBAL INV FD, LTD - A $

41

MOORE MACRO MANAGERS FUND, LTD

41

MS ASCEND UCITS FUND CLASS I E

26

PALOMA INTERNATIONAL LTD CLASS

52

MUDRICK DISTRESSED OPPORTUNITY

19

PALOMINO FUND LTD CLASS B ORIG

16

PAMPLONA CREDIT OPPORTUNITIES

14

PASSPORT GLOBAL STRATEGY FUND

26

K
KEYNES LEVERAGED QUANTITATIVE

44

KG INVESTMENT FUND LLC

32

KING STREET CAPITAL, LTD

19

KING STREET EUROPE LTD CLASS A

19

KINGDON CREDIT LTD A1/1

16

M. KINGDON OFFSHORE NV - A/1

25

KINSALE COMPASS FUND

25

MACQUARIE ASIAN ALPHA FUND

47

KITE LAKE (KL) SPECIAL OPPORTU


KLS DIVERSIFIED FUND LTD

33
34

L
23

LANSDOWNE GLOBAL FINANCIALS FU

29

LAZARD GLOBAL HEXAGON FUND

25

LAZARD RATHMORE FUND - CLASS A

12

LC EQUITY FUND LTD

23

LEGG MASON MARTIN CURRIE GF EU

23

LIGHTHORSE CHINA GROWTH FUND L

21

LIM ASIA MULTI-STRATEGY FUND C

47

LIM JAPAN FUND

52

LINDEN INTERNATIONAL LTD

52

LION FUND, LTD (THE)

49

LMR ALPHA RATES TRADING FUND,

34

LMR FUND LTD

52

23

MAN AHL CURRENCY FUND DN USD

43
52

MAN GLG MULTI-STRATEGY FUND CL

52

MARATHON VERTEX JAPAN FD, LTD

26

MARCATO INTERNATIONAL LTD

32

MARINUS OPPORTUNITIES FUND

17

MARK PARTNERS LP

28

MARKHAM RAE I SUB FUND

42

MARLIN FUND LP

28

MARSHALL WACE - EUROPA FUND A

23

MARSHALL WACE - MW TOPS FUND

23

MARSHALL WACE - MW EUREKA A1 E

25

MARSHALL WACE - MW GLOBAL FINA

29

MARSHALL WACE - MW GLOBAL OPPO

25

MARSHALL WACE - MW MARKET NEUT

46

NAPIER PARK EUROPEAN CREDIT OP

MARTIN CURRIE ARF - JAPAN FUND

26

NEUBERGER BERMAN US LONG SHORT 28

MASTERS FUND LTD MAGNOLIA SERI

35

NEVSKY FUND PLC (COMPOSITE)

Past performance is not a reliable indicator of future performance.


Source - HSBC

47

MADRAGUE EQUITY LONG SHORT

MAN GLG MULTI-STRATEGY CLASS M

LANSDOWNE DEVELOPED MARKET FUN 25


LANSDOWNE EUROPEAN EQUITY FD,

MACQUARIE EUROPEAN ALPHA FUND

N
14

O
OBSERVATORY CREDIT MARKETS FUN

14

OCCO EASTERN EUROPEAN FUND A S

22

OCEANIC HEDGE FUND - CLASS A

21

OCP DEBT OPPORTUNITY INTERNATI

17

OCTAGON HIGH INCOME FUND

17

OCTAGON PAN ASIA FUND

21

ODEY EUROPEAN, INC (EUR)

23

OKUMUS OPPORTUNISTIC VALUE FUN

28

OMEGA OVERSEAS PARTNERS, LTD

28

OMNI MACRO FUND I LIMITED

41

ONE WILLIAM STREET CAPITAL FUN

16

ONEWALL GLOBAL FUND

41

ONSLOW MACRO FUND CLASS A

41

ORTUS FUND (CAYMAN) LTD

43

OWL CREEK OVERSEAS FUND, LTD

33

OWS CREDIT OPPORTUNITY FUND

19

OYSTER MARKET NEUTRAL EUR

46

PASSPORT LONG SHORT STRATEGY F

26

PASSPORT SPECIAL OPPORTUNITIES

26

PEGASUS FUND LIMITED SHARES A-

27

26

HSBC Alternative Investment Group

PELAGUS CAPITAL FUND

34

PELHAM LONG/SHORT FUND LTD CLA

23

PENSATO EUROPA FUND LTD EURO C

24

PERCEPTIVE LIFE SCIENCES OFFSH

30

PERSHING SQUARE INTL.LTD

33

PHALANX JAPAN AUSTRALASIA MULT

50

PHARO GAIA FUND, LTD

SCHRODER CAZENOVE UK ABSOLUTE

46

SCHRODER ISF EMERGING MARKET D

13

SEER CAPITAL PARTNERS OFFSHORE

17

SEGANTII ASIA-PACIFIC EQUITY M

50

SELIGMAN TECH SPECTRUM FUND CL

31

SEMINOLE OFFSHORE FUND

28

39

SENVEST PARTNERS, LTD - CLASS

30

PHARO MACRO FUND, LTD

41

SFP VALUE REALIZATION FUND

26

PHARO TRADING FUND, LTD

39

SIERRA EUROPE OFFSHORE, LTD -

24

PIMCO ABSOLUTE RETURN STRATEGY

41

RAVEN ROCK CREDIT OFFSHORE FUN

SILVER POINT CAPITAL OFFSHORE

19

PIMCO GLOBAL CREDIT OPPORTUNIT

16

RBR EUROPEAN LONG SHORT LTD (E

24

SINFONIETTA FUND

39

PIMCO MULTI-ASSET VOLATILITY F

53

REAL RETURN ASIAN FUND LTD (TH

21

SKYLINE UCITS FUND INSTITUTION

22

PIMCO TACTICAL OPPORTUNITIES F

16

REDWOOD OFFSHORE FUND

20

SMN DIVERSIFIED FUTURES FUND

45

PINE RIVER ASIA FUND

12

RENAISSANCE INSTITUTIONAL DIVE

52

SOLAISE SYSTEMATIC FUND LTD (

45

PINE RIVER CHINA FUND

50

RENAISSANCE INSTITUTIONAL EQUI

28

SOLUS SOLA LTD CL. I

33

PINE RIVER CONVERTIBLES FUND

12

RENAISSANCE INSTITUTIONAL FUTU

45

SOMERSET SPECIAL OPPORTUNITIES

33

PINE RIVER CREDIT RELATIVE VAL

16

RESIDENTIAL REAL ESTATE TOTAL

16

SOUND POINT BEACON OFFSHORE FU

19

PINE RIVER FIXED INCOME FUND L

16

ROY G. NIEDERHOFFER DIVERSIFIE

45

SPF CREDIT SUISSE SECURITIZED

17

PINE RIVER FUND CLASS -B1- SHA

52

RP DEBT OPPORTUNITIES FUND

16

SPINNAKER GLOB OPP FUND, LTD C

39

PINE RIVER LIQUID RATES FUND

34

RP SELECT OPPORTUNITIES FUND

16

SPINNAKER GLOBAL EMERGING MARK

50

PINPOINT CHINA FUND CLASS A US

21

RUBICON GLOBAL FUND, LTD

41

SR GLOBAL FUND (Class N) Emerg

22

PINPOINT MULTI-STRATEGY FUND

41

RUSSIAN PROSPERITY FUND - A

37

SR GLOBAL FUND C - INTERNATION

26

PLATINUM FUND LTD

26

RV CAPITAL ASIA OPPORTUNITY FU

39

SR GLOBAL FUND H - JAPAN (Real

26

PLATINUM PARTNERS VALUE ARBITR

52

RWC SAMSARA FUND CLASS A EURO

24

SR GLOBAL FUND INC - G - GLOBA

22

POLAR CAPITAL EUROP CONVICTION

24

RWC US ABSOLUTE ALPHA FUND - C

28

SR PHOENICIA INC CLASS -A- SER

22

POLAR CAPITAL EUROPEAN FORAGER

29

STANDARD PACIFIC CAPITAL -B-

26

STK CAPITAL GLOBAL EQUITIES

26

STONE LION FUND LTD CLASS A

19

STRATEGIC VALUE RESTRUCTURING

19

STRATUS FUND LIMITED CLASS B

52

SUSA EUROPEAN EQUITIES FUND CL

24

PORTLAND HILL OVERSEAS FUND LT

32

POTOMAC RIVER CAPITAL MASTER F

41

PROLOGUE FEEDER FUND, LTD. CLA

34

PROSIRIS GLOBAL OPPORTUNITIES

16

PSAM REBOUND PORTFOLIO FUND LT

19

PSAM WORLDARB MASTER FUND LTD

33

PWP GLOBAL MACRO FUND

Q
QMS DIVERSIFIED GLOBAL MACRO
QUAM CHINA FOCUS SEGREGATED PO
QVT OFFSHORE LTD CLASS 1-NR

45
21
52

R
17

S
SAB OVERSEAS FUND LTD

28

SABA CAPITAL OFFSHORE FUND LTD

16

SAGIL LATIN AMERICAN OPPORTUNI

22

SALAR CONVERTIBLE ABSOLUTE RET

12

SANCTUM FIXED INCOME FUND

34

Past performance is not a reliable indicator of future performance.


Source - HSBC

41

T
TELLIGENT GREATER CHINA FUND

21

TEWKSBURY INVESTMENT FUND, LTD

45

THE CAMBRIDGE STRATEGY - APOLL

39

THE CAMBRIDGE STRATEGY - ASIAN

38

THE CAMBRIDGE STRATEGY - EMERG

38

THREADNEEDLE UK ABSOLUTE ALPHA

27

TIG ARBITRAGE ENHANCED FUND

32

TIG SECURITIZED ASSET FUND LTD

17

TILDEN PARK OFFSHORE INVESTMEN

17

TONGA PARTNERS LP

30

TOSCA CLASS A - USD

29

TRADELINK INTEGRATED PROGRAM L

45

TRAXIS SIVIK GLOBAL HEALTHCARE

30

TREND MACRO OFFSHORE LTD

41

TRIAN PARTNERS LTD

33

TRICADIA CREDIT STRATEGIES, LT

17

TRISHIELD SPECIAL SITUATIONS F

33

TRISTAN PARTNERS LP

30

TT INTERNATIONAL FUND

41

TT LONG/SHORT FOCUS FUND

24

TT MID-CAP EUROPE LONG/SHORT F

24

TUDOR B.V.I GLOBAL FUND LTD -A

42

TUDOR BVI GLOBAL FUND LTD CLAS

42

TUDOR DISCRETIONARY MACRO FUND

42

TULIP TREND FUND, LTD - A

45

TWO SIGMA ABSOLUTE RETURN FUND

47

TWO SIGMA COMPASS CAYMAN FUND

45

TYRUS CAPITAL EVENT FUND LTD

33

HSBC Alternative Investment Group

U
UMJ KOTOSHIRO FUND

26

V
VARDEN PACIFIC OPPORTUNITY OFF

17

VISIUM BALANCED OFFSHORE FUND

30

VISIUM GLOBAL OFFSHORE FUND LT

52

VISIUM INSTITUTIONAL PARTNERS

29

VR GLOBAL OFFSHORE FUND LTD

20

W
WEISS MULTI-STRATEGY PARTNERS

52

WELLINGTON MANAGEMENT INV BERM

29

WELTON GLOBAL DIRECTIONAL PORT

45

WF ASIA FUND LTD S/1

21

WHITEBOX MULTI-STRATEGY FUND

33

WINTON EVOLUTION FUND (THE)

45

WINTON FUTURES FUND - CLASS B

45

WYETREE EUROPEAN RECOVERY FUND 14


WYETREE YIELD DISTRIBUTION FUN

18

Z
ZADIG FUND CLASS A1

24

ZEAL CHINA FUND LTD - USD -NI

21

ZWEIG-DIMENNA INTL LIMITED - C

28

Past performance is not a reliable indicator of future performance.


Source - HSBC

HSBC Alternative Investment Group

Top
Investment Funds

Bottom
Return

PERCEPTIVE LIFE SCIENCES OFFSH FUND, LTD

42.48

Date

Investment Funds

Return

31 Jul 15

DORSET ENERGY FUND, LTD - CLASS A

-20.27

Date
31 Jul 15

SEGANTII ASIA-PACIFIC EQUITY MULTI-STRATEGY FUND

31.13

24 Jul 15

ELM RIDGE CAPITAL PARTNERS L.P.

-20.12

31 Jul 15

PASSPORT SPECIAL OPPORTUNITIES FUND LTD CLASS


AA

29.18

31 Jul 15

THE CAMBRIDGE STRATEGY - APOLLO (EM MACRO)


ABSOLUTE RETURN

-13.93

24 Jul 15

QUAM CHINA FOCUS SEGREGATED PORTFOLIO

25.76

31 Jul 15

ODEY EUROPEAN, INC (EUR)

-13.49

31 Jul 15

LUCERNE CAPITAL FUND L.P.

22.06

30 Jun 15

FINISTERRE SOVEREIGN DEBT FUND

-12.87

31 Jul 15

LIGHTHORSE CHINA GROWTH FUND LTD

20.99

30 Jun 15

MUDRICK DISTRESSED OPPORTUNITY FUND LTD

-11.06

31 Jul 15

OKUMUS OPPORTUNISTIC VALUE FUND, LTD CLASS C

20.46

31 Jul 15

BROOKFIELD WELLS STREET OFFSHORE LTD

-10.75

30 Jun 15

SFP VALUE REALIZATION FUND

19.96

31 Jul 15

FORTRESS MACRO FUND LTD. CLASS A

-9.41

31 Jul 15

MAVERICK FUND, LTD - CLASS A/1

18.79

31 Jul 15

GREENLIGHT CAPITAL OFFSHORE, LTD - A/1

-9.32

31 Jul 15

ELEMENT CAPITAL FUND

18.54

31 Jul 15

DROMEUS GLOBAL OPPORTUNITIES FUND

-8.86

30 Jun 15

TT LONG/SHORT FOCUS FUND

18.44

31 Jul 15

POLAR CAPITAL EUROP CONVICTION FUND LIMITED

-8.51

31 Jul 15

CAPEVIEW AZRI 2X FUND

18.24

31 Jul 15

DYMON ASIA MACRO FUND (SERIES A)

-8.43

31 Jul 15

CCI MICRO HEALTHCARE PARTNERS LTD

17.74

30 Jun 15

-8.33

30 Jun 15

WELLINGTON MANAGEMENT INV BERMUDA LTD BAY


POND A/1 NI

17.15

31 Jul 15

SAGIL LATIN AMERICAN OPPORTUNITIES FUND CLASS


A
EAGLE DIRECTIONAL MACRO

-8.07

31 Jul 15

GOLDEN CHINA FUND NR CLASS

17.11

31 Jul 15

BORONIA DIVERSIFIED FUND MASTER

-7.41

05 Aug 15

M. KINGDON OFFSHORE NV - A/1

15.90

31 Jul 15

BROOKFIELD GLOBAL LISTED INFRASTRUCTURE SEC.


OFFSHORE FUND

-6.96

31 Jul 15

ROY G. NIEDERHOFFER DIVERSIFIED OFFSHORE FUND

-6.29

05 Aug 15

PHARO TRADING FUND, LTD

-6.16

30 Jun 15

PINPOINT MULTI-STRATEGY FUND

15.67

31 Jul 15

ELECTRON GLOBAL FUND, L.P.

15.59

31 Jul 15

PELHAM LONG/SHORT FUND LTD CLASS A EUR

15.43

30 Jun 15

ALCENTRA GLOBAL SPECIAL SITUATIONS FUND

15.30

30 Jun 15

EAGLE QUANTITATIVE MACRO

-6.14

31 Jul 15

HARNESS MACRO CURRENCY FUND

-5.96

04 Aug 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

MAN AHL CURRENCY FUND DN USD

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

-12.87

31 Dec 14

CANTAB CAPITAL PARTNERS QUANTITATIVE FUND


(THE) - USD ARISTARCHUS

39.31

31 Dec 14

PHALANX JAPAN AUSTRALASIA MULTI-STRATEGY FUND


LTD
LANSDOWNE GLOBAL FINANCIALS FUND LTD. -N-USD

-12.32

31 Dec 14

ANDURAND COMMODITIES FUND

38.31

31 Dec 14

ABACO FINANCIALS FUND

-11.47

31 Dec 14

PERSHING SQUARE INTL.LTD

37.24

31 Dec 14

SABA CAPITAL OFFSHORE FUND LTD

-10.80

31 Dec 14

TULIP TREND FUND, LTD - A

36.15

31 Dec 14

-10.63

31 Dec 14

CARLYLE TREND FOLLOWING FUND

35.55

31 Dec 14

SKYLINE UCITS FUND INSTITUTIONAL SHARE CLASS


(MontLake)

DUNN WMA FUND, SA

35.08

31 Dec 14

LNG EUROPA CREDIT FUND

-10.36

31 Dec 14

SEGANTII ASIA-PACIFIC EQUITY MULTI-STRATEGY FUND

34.88

31 Dec 14

TT INTERNATIONAL FUND

-8.57

31 Dec 14

LION FUND, LTD (THE)

-8.29

31 Dec 14

WELTON GLOBAL DIRECTIONAL PORTFOLIO

34.01

31 Dec 14

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

30.02

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

MILLBURN COMMODITY PROGRAM

28.09

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

GLG MARKET NEUTRAL FUND - CLASS Z USD Unres

-7.43

31 Dec 14

RAVEN ROCK CREDIT OFFSHORE FUND LTD

-7.41

31 Dec 14

SOMERSET SPECIAL OPPORTUNITIES FUND LP

-7.02

31 Dec 14

CANOSA GLOBAL MACRO FUND LTD

-6.96

31 Dec 14

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

-6.92

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

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

CLAREANT STRUCTURED CREDIT OPPORTUNITIES


FUND II

48.08

31 Dec 13

Return

Date

BLUETREND FUND, LTD -USD- CLASS A

-11.50

31 Dec 13

MAN AHL CURRENCY FUND DN USD

-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

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

PIMCO MULTI-ASSET VOLATILITY FUND LTD

-6.17

31 Dec 13

TRIAN PARTNERS LTD

40.06

31 Dec 13

MILLBURN DIVERSIFIED PROGRAM

-6.02

31 Dec 13

TRISTAN PARTNERS LP

38.52

31 Dec 13

SMN DIVERSIFIED FUTURES FUND

-5.95

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

2.34%

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

30 Jun 04

$127M
Jul 15

1,830.75

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

7,385.63

31 Jul 09

$359M
Jun 15

210.15

$845M
Jun 15

214.16

$230M
Apr 15

123.51

$246M
Jul 15

8.08%

5.60%

10.71%

(37.86%)

Ytd Avg. 2015


3.53%
31 Jul 15 (0.30%) 2.39%
1.95%

11.45%

9.5%

10.60%

5.80%

(25.00%)
Dec 07 - Oct 08

31 Jul 15 (0.62%)

4.48%

4.13%

27.14%

5.37%

9.40%

12.13%

(28.61%)
May 08 - Nov 08

31 Jul 15 (0.20%)

2.50%

-1.69%

10.45%

4.59%

9.77%

8.07%

(16.23%)
Aug 08 - Nov 08

31 Jul 15 (0.69%)

4.75%

0.71%

10.34%

6.42%

4.39%

3.37%

(3.92%)
Mar 11 - Dec 11

Convertible/USA
PINE RIVER CONVERTIBLES FUND
Franklin Parlamis

5.98%

Jan 08 - Dec 08

Convertible/Global
BASSO INVESTORS LTD
Howard Fischer

Ytd Avg. 2015


(2.24%)
31 Jul 15 (1.54%) (2.24%)
13.85%

201.63

Ytd Avg. 2015


2.14%
31 Jul 15 (1.30%) 2.14%
0.41%

19.34%

7.6%

12.39%

6.72%

(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

2.97%

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

Q
M
W

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

1'287M
Jul 15

1.44

$650M
Jun 15

1,893.32

$54M
Apr 15

112.73

$102M
Jan 15

97.13

$422M
May 15

337.78

$633M
Jun 15

215.27

$230M
Apr 15

24.23

$232M
Jun 15

1,921.11

$4'150M
May 15

33.36

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

30 Jun
15

-0.65%

11.73%

5.11%

7.05%

(15.32%)
May 08 - Oct 08

0.59%

3.79%

7.76%

8.09%

8.71%

9.09%

0.51%

0.00%
Jan 00 - Jan 00

31 Jul 15 0.15%

3.14%

11.29%

-7.21%

12.29%

5.50%

6.41%

(12.25%)
Feb 13 - Sep 13

30 Jun
15

(3.13%)

(3.46%)

-2.95%

-2.49%

6.99%

(0.81%)

4.34%

(8.65%)
Aug 14 - Jun 15

31 Jul 15 4.44%

8.92%

-1.98%

14.61%

23.2%

13.54%

13.63%

(28.43%)
Feb 08 - Oct 08

30 Jun
15

(2.46%)

2.15%

2.62%

4.78%

18%

8.48%

11.37%

(33.64%)
Jun 08 - Dec 08

22 Jul 15 0.34%

4.30%

4.94%

2.2%

18.68%

6.79%

8.94%

(38.05%)
Feb 08 - Mar 09

Credit/Europe
ABSOLUTE INSIGHT CREDIT FUND B1P2 EURO
Alex Veroude

06 Aug
15

Ytd Avg. 2015


1.84%
0.14% (2.00%)
2.42%

909M
Jul 15

1.27

112M
Jun 15

184.10

$422M
May 15

343.92

48M
Feb 15

147.84

03 Aug (0.27%)
15

2.41%

05 Aug (0.21%)
15

(2.71%)

3.36%

(1.15%)

11.48%

8.68%

13.42%

(32.05%)
Aug 08 - Dec 08

0.62%

0.8%

5.36%

7.11%

5.23%

(9.31%)
Mar 08 - Oct 08

Ytd Avg. 2015


3.06%
05 Aug (0.05%) 0.37%
2.21%
15
30 Jun
15

8.67%

(1.02%)

2.3%

7.38%

12.65%

6.48%

4.28%

(3.13%)
Jul 14 - Jan 15

8.54%

19.95%

8.48%

7.53%

(13.94%)
Jun 11 - Nov 11

31 Jul 15 0.74%

2.88%

3.19%

18.23%

8.41%

10.75%

8.60%

(30.45%)
Oct 07 - Dec 08

30 Jun
15

(0.77%)

0.50%

11.37%

16.31%

17.68%

15.50%

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

M
M

GLG CROSS ASSET VALUE OFFSHORE FUND Class A 30 Nov 12


USD Unres
Chris Huggins

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

$222M
May 15

177.01

$407M
Feb 15

1,059.53

130M
Jun 15

1,439.80

$272M
Jun 15

1,210.13

$147M
Jun 15

1,215.65

362M
May 15

249.06

$200M
Aug 15

1,495.83

$1'088M
Jun 15

317.35

430M
Jun 15

201.69

72M
Jun 15

118.31

30 Jun
15
30 Jun
15

30 Apr 09

ALCENTRA GLOBAL SPECIAL SITUATIONS FUND


Alcentra Ltd / David Forbes-Nixon

31 Oct 07

ARISTEIA INTERNATIONAL LTD


Anthony M. Frascella, William R. Techar

01 Aug 97

ASGARD FIXED INCOME FUND LTD


Morten Mathiesen

30 Jun 03

AXONIC CREDIT OPPORTUNITIES OVERSEAS


FUND,LTD
Clayton DeGiacinto

31 Dec 10

Q
Q
Q
M
Q

YTD

2014

Ytd Avg. 2015


3.06%
0.73%
6.17%
8.84%

2013

15.19%

2012

36.91%

Ann. Return

14.37%

Ann. Vol

Max
Drawdown1

5.00%

(4.65%)
Jul 11 - Sep 11

0.15%

12.66%

24.82%

32.93%

32.42%

47.39%

11.53%

(5.11%)
Jul 11 - Oct 11

31 Jul 15 (1.00%)

3.01%

4.53%

8.11%

20.07%

10.44%

5.97%

(4.47%)
Apr 12 - Jun 12

31 Jul 15 0.65%

2.95%

4.68%

11.5%

0.71%

7.42%

3.61%

(3.53%)
Jun 14 - Sep 14

30 Jun
15

(0.36%)

30 Jun
15

(0.18%)

6.65%

-10.36%

16.1%

19.58%

4.86%

8.82%

(12.90%)
Jun 14 - Dec 14

4.65%

8.89%

31.11%

55.73%

20.78%

9.34%

(14.95%)
May 11 - Dec 11

31 Jul 15 0.83%

4.29%

5.91%

12.51%

6.31%

7.36%

2.40%

(1.28%)
Apr 12 - Jun 12

30 Jun
15

(1.29%)

1.22%

3.31%

7.25%

13.46%

11.06%

6.29%

(12.74%)
Jul 07 - Jul 08

24 Jul 15 0.20%

0.20%

6.55%

12.68%

19.87%

10.70%

7.14%

(17.90%)
Apr 11 - Dec 11

30 Jun
15

Credit/Global
AG MORTGAGE VALUE PARTNERS LTD
Jonathan Lieberman

MTD

$1'503M
May 15

261.14

136M
Jun 15

158.76

$2'362M
Jun 15

865.09

270M
May 15

500.47

$1'098M
Jun 15

170.40

30 Jun
15
30 Jun
15

(2.40%)

(1.63%)

16.86%

2.91%

9.62%

4.98%

(3.28%)
Mar 15 - Jun 15

Ytd Avg. 2015


3.22%
0.40%
4.48%
10.07%

12.91%

20.59%

16.83%

4.04%

(1.66%)
May 13 - Jun 13

2.21%

31 Jul 15 (1.07%)

15.30%

-1.88%

12%

16.64%

6.21%

15.33%

(48.74%)
Oct 07 - Dec 08

(3.10%)

-3.13%

15.67%

11.2%

12.73%

8.88%

(30.20%)
May 08 - Dec 08

31 Jul 15 0.24%

7.73%

10.6%

16.02%

34.12%

14.24%

6.67%

(10.40%)
Aug 08 - Oct 08

31 Jul 15 (0.10%)

2.90%

10.87%

12.1%

25.69%

12.33%

3.92%

(3.35%)
Jul 11 - Oct 11

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
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

CLAREANT STRUCTURED CREDIT OPPORTUNITIES


FUND
Alcentra Ltd / Hiram Hamilton

31 Aug 09

CLAREANT STRUCTURED CREDIT OPPORTUNITIES


FUND II
Alcentra Ltd / Hiram Hamilton

31 Jan 11

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 CLASS -A-USD


NI
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
Q
M
Q

M
Q

Q
Q

HY
Q
Q

Q
Q

217M
Jan 15

135.53

$1'816M
Jun 15

178.36

$7'432M
Jun 15

275.82

$469M
May 15

190.59

$522M
May 15

148.91

$386M
May 15

153.11

207M
Jun 15

555.43

275M
Jun 15

290.88

$96M
Jun 15

14.22

$2'072M
Jun 15

5,529.16

$4'400M
Apr 15

188.03

$910M
Apr 15

159.65

$640M
Apr 15

281.87

$350M
Feb 15

265.19

$560M
May 15

195.19

$256M
Jun 15

1,966.54

Date

MTD

YTD

2014

Ytd Avg. 2015


3.22%
31 Jul 15 0.31%
3.39%
0.92%

2013

11.78%

2012

26.2%

Ann. Return

10.94%

Ann. Vol

Max
Drawdown1

4.80%

(3.07%)
Mar 14 - Oct 14

31 Jul 15 0.12%

4.02%

6.44%

8.99%

7.23%

7.75%

5.69%

(7.59%)
Apr 11 - Jan 12

24 Jul 15 1.12%

4.70%

2.67%

7.87%

14.51%

9.03%

5.88%

(11.82%)
Aug 08 - Dec 08

31 Jul 15 0.27%

2.48%

10.35%

12%

20.12%

15.11%

3.48%

(1.55%)
May 13 - Jun 13

30 Jun
15

0.40%

30 Jun
15

(0.63%)

30 Jun
15

(0.50%)

30 Jun
15

0.15%

3.65%

13.78%

14.05%

10.71%

14.64%

3.43%

(2.20%)
May 13 - Jun 13

1.79%

3.94%

13.84%

17.22%

11.81%

5.33%

(6.82%)
Apr 11 - Aug 11

3.62%

7.28%

29.09%

44.15%

34.17%

17.74%

(15.92%)
May 11 - Nov 11

2.87%

5.51%

48.08%

50.97%

27.37%

12.92%

(8.17%)
May 11 - Sep 11

31 Jul 15 0.30%

1.79%

2.83%

18.98%

14.17%

12.45%

4.56%

(2.98%)
Jun 14 - Oct 14

31 Jul 15 0.14%

1.41%

8.02%

9.7%

16.85%

21.35%

10.87%

(3.86%)
Apr 07 - Jun 07

30 Jun
15

(1.20%)

30 Jun
15

(1.60%)

30 Jun
15

0.65%

30 Jun
15

(0.37%)

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

31 Jul 15 0.18%

1.87%

7.25%

9.64%

13.29%

16.42%

3.91%

(0.58%)
Mar 13 - Apr 13

(0.62%)

-0.08%

2.66%

2.76%

5.92%

3.49%

(4.26%)
Dec 03 - Jul 04

31 Jul 15 (0.82%)

(0.87%)

6.02%

8.56%

11.95%

9.46%

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

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

PIMCO TACTICAL OPPORTUNITIES FUND


PIMCO LLC - Dan Ivascyn / Josh Anderson / Alfred
Murata

31 Jan 13

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

RP DEBT OPPORTUNITIES FUND


RP Investment Advisors

30 Sep 09

RP SELECT OPPORTUNITIES FUND


RP Investment Advisors

31 Mar 14

SABA CAPITAL OFFSHORE FUND LTD


Boaz Weinstein

31 Jul 09

Q
Q
Q
Q
W

Q/Y
Y
Q

HY

Q
Q

Q
Q

M
M
Q

$386M
Jul 15

1,718.12

$785M
May 15

182.02

$506M
Mar 15

110.00

$2'263M
Jun 15

561.03

$201M
Jul 15

108.86

$1'045M
Jun 15

2,005.17

$7'954M
Mar 15

10,814.52

$2'433M
Jun 15

188.55

$631M
May 15

130.41

$140M
Jul 15

197.76

$3'027M
Jul 15

510.44

$1'175M
May 15

173.66

$224M
May 15

219.27

$861M
Jun 15

181.87

$159M
Jun 15

106.81

$1'553M
Jun 15

107.74

Date

MTD

YTD

2014

Ytd Avg. 2015


3.22%
31 Jul 15 (0.81%) 4.87%
3.42%

2013

15.67%

2012

8.3%

Ann. Return

9.85%

Ann. Vol

Max
Drawdown1

5.02%

(6.34%)
May 11 - Sep 11

31 Jul 15 0.10%

4.96%

-1.35%

4.76%

12.48%

7.86%

6.23%

(9.90%)
Jun 08 - Sep 08

31 Jul 15 0.52%

(1.28%)

-0.21%

5.01%

5.23%

2.18%

3.55%

(3.88%)
Feb 15 - Jun 15

31 Jul 15 0.28%

2.27%

5.39%

11.22%

19.59%

11.07%

5.34%

(8.94%)
Feb 11 - Oct 11

04 Aug
15

0.11%

30 Jun
15

0.00%

30 Jun
15

(0.44%)

30 Jun
15

1.45%

30 Jun
15

0.67%

2.21%

-2.52%

9.26%

3.69%

4.50%

(5.75%)
Jun 14 - Jan 15

3.01%

10.05%

5.75%

18.98%

10.07%

5.44%

(8.43%)
Feb 11 - Nov 11

13.58%

2.28%

42.36%

29.29%

25.65%

19.61%

(49.05%)
Feb 98 - Sep 98

6.00%

4.34%

7.45%

15.18%

7.30%

4.86%

(12.86%)
Jun 07 - Nov 08

5.64%

7.56%

14.76%

11.64%

4.38%

(1.88%)
May 13 - Jun 13

31 Jul 15 (2.94%)

(0.81%)

-5.43%

12.84%

14.26%

8.27%

8.19%

(12.14%)
Dec 07 - Dec 08

31 Jul 15 (0.32%)

0.57%

6.13%

10.18%

34.85%

26.57%

9.28%

(8.83%)
Jul 11 - Oct 11

30 Jun
15

(0.32%)

30 Jun
15

(0.90%)

30 Jun
15

(0.35%)

30 Jun
15

(0.23%)

30 Jun
15

0.39%

0.63%

7.02%

16.35%

22.49%

14.78%

4.20%

(1.49%)
Oct 14 - Feb 15

1.80%

12.66%

17.56%

24.07%

12.67%

6.05%

(14.92%)
Feb 11 - Dec 11

3.22%

5.07%

10.35%

14.9%

10.96%

3.42%

(1.80%)
Jul 11 - Sep 11

4.18%

2.52%

5.41%

2.93%

(1.40%)
May 14 - Oct 14

3.00%

-10.8%

-6.76%

-3.87%

1.27%

7.47%

(28.08%)
Jun 12 - Mar 15

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
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

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

M
Q
Q

$1'710M
Mar 15

224.17

$2'639M
Jun 15

157.43

$834M
Jun 15

153.37

$1'798M
Apr 15

365.38

$374M
Jun 15

144.53

30 Jun
15

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

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

Q
M
Q

Q
M
Q
Q
M
M
Q

YTD

2014

Ytd Avg. 2015


3.22%
(0.97%) 2.77%
5.41%

2013

12.13%

2012

25.85%

Ann. Return

13.98%

Ann. Vol

Max
Drawdown1

5.01%

(7.47%)
May 11 - Nov 11

30 Jun
15

0.41%

30 Jun
15

0.41%

3.82%

10.31%

18.04%

16.46%

13.85%

2.93%

(0.57%)
May 13 - Jun 13

5.32%

15.17%

20.05%

5.33%

16.84%

2.58%

(0.11%)
May 13 - Jun 13

13 Jul 15 (0.26%)

1.83%

3.94%

10.57%

12.73%

13.42%

7.03%

(10.77%)
Jun 08 - Nov 08

30 Jun
15

Credit/USA
400 CAPITAL CREDIT OPPORTUNITIES
Chris Hentemann

MTD

$1'267M
Jun 15

292.63

$200M
Jun 15

159.48

$2'300M
Jun 15

643.90

$3'737M
Mar 15

161.76

$284M
Jun 15

124.03

$458M
Jan 15

146.53

$774M
Jan 15

228.19

$286M
Jun 15

272.71

$131M
Jun 15

135.88

$206M
Jun 15

158.51

$3'646M
Jul 15

218.81

30 Jun
15

(0.03%)

5.32%

9.15%

15.14%

28.54%

9.05%

11.57%

(18.02%)
Mar 11 - Sep 11

Ytd Avg. 2015


2.82%
0.11%
3.03%
12.35%

15.24%

34.21%

18.22%

5.71%

(2.91%)
May 11 - Oct 11

31 Jul 15 0.81%

3.62%

1.31%

8.61%

11.14%

8.72%

4.38%

(3.23%)
Jul 11 - Nov 11

23 Jul 15 (0.58%)

3.08%

-0.67%

12.61%

13.86%

10.26%

7.92%

(24.04%)
Oct 07 - Dec 08

31 Jul 15 (2.23%)

1.71%

0.22%

5.96%

6.7%

5.76%

6.31%

(19.42%)
Jun 08 - Dec 08

30 Jun
15

(0.20%)

30 Jun
15

0.07%

30 Jun
15

(0.07%)

30 Jun
15

(1.77%)

1.62%

3.08%

6.11%

11.59%

6.85%

2.37%

(1.60%)
Sep 14 - Nov 14

3.37%

0.24%

7.66%

10.87%

7.31%

3.97%

(5.29%)
Jun 14 - Jan 15

4.30%

1.05%

10.07%

10.78%

14.11%

6.25%

(4.30%)
Aug 14 - Dec 14

(1.94%)

0.47%

9.93%

9.21%

7.42%

6.32%

(24.14%)
Jun 07 - Dec 08

31 Jul 15 0.19%

4.25%

0.94%

9.04%

19.9%

7.05%

6.82%

(10.79%)
Jul 11 - Aug 11

30 Jun
15

(1.59%)

30 Jun
15

(0.70%)

6.17%

-7.41%

5.8%

8.46%

8.22%

6.14%

(12.63%)
Jun 14 - Jan 15

2.31%

14.06%

20.51%

41.34%

19.01%

5.26%

(1.33%)
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

17

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Credit/USA
WYETREE YIELD DISTRIBUTION FUND (WYDF)
WyeTree Asset Management

30 Nov 12

$102M
Jun 15

116.07

30 Jun
15

MTD

YTD

2014

Ytd Avg. 2015


2.82%
(0.30%) 2.32%
7.78%

2013

5.46%

2012

-0.2%

Ann. Return

5.94%

Ann. Vol

3.26%

Max
Drawdown1

(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

18

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

(0.08%)

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

30 Jun 07

$1'000M
Apr 15

178.23

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
Q/Y
Q
Q
HY
Q
Q/Y

12.53%

10.98%

7.42%

6.01%

(8.56%)
May 11 - Nov 11

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

Ytd Avg. 2015


0.56%
24 Jul 15 0.45%
0.56%
3.54%

$1'186M
May 15

795.04

$6'855M
Jun 15

7,997.62

$746M
Jan 15

1,096,241.16

$2'589M
May 15

2,559.92

$1'195M
Mar 15

2,657.87

$12'100M
Mar 15

622.73

$1'495M
Jun 15

3,951.54

$916M
Jun 15

166.67

$396M
Jun 15

1,572.51

$269M
May 15

254.73

$4'600M
Jan 15

4,510.60

$162M
Jun 15

131.60

$682M
Mar 15

2,114.63

$1'522M
Mar 15

355.08

Ytd Avg. 2015


(0.43%)
31 Jul 15 (3.60%) (4.32%)
5.68%

12.53%

14.78%

18.42%

10.87%

(28.11%)
May 08 - Nov 08

30 Jun
15

(1.44%)

30 Jun
15

(1.05%)

2.22%

4.32%

15.65%

18.05%

10.67%

8.17%

(28.82%)
Oct 07 - Nov 08

1.29%

23.09%

14.1%

12.05%

11.45%

6.25%

(22.26%)
May 08 - Feb 09

31 Jul 15 (0.63%)

(1.68%)

0.46%

17.01%

24.31%

11.89%

9.47%

(33.22%)
Jun 07 - Feb 09

15 Jul 15 (0.28%)

0.04%

2.96%

21.95%

13.51%

9.96%

9.57%

(26.27%)
Oct 07 - Nov 08

24 Jul 15 (0.04%)

(0.88%)

4.59%

11.63%

12.54%

10.35%

4.00%

(5.21%)
May 11 - Nov 11

30 Jun
15

(0.93%)

1.21%

1.37%

18.36%

11.57%

10.92%

7.61%

(32.31%)
Oct 07 - Dec 08

31 Jul 15 (5.60%) (11.06%)

15.7%

7.73%

21.85%

8.75%

6.83%

(12.67%)
Aug 14 - Jul 15

30 Jun
15

0.00%

30 Jun
15

(2.62%)

3.43%

12.3%

12.47%

23.41%

10.59%

4.32%

(7.86%)
Apr 11 - Oct 11

(2.49%)

-1.16%

12.61%

14.01%

7.87%

8.22%

(32.91%)
Jul 07 - Mar 09

16 Jul 15 (0.11%)

(0.51%)

3.08%

16.11%

20.04%

11.76%

8.07%

(35.48%)
Jun 07 - Dec 08

30 Jun
15

(1.09%)

30 Jun
15

(1.87%)

4.35%

18.36%

6.54%

18.96%

7.29%

(3.17%)
Sep 14 - Jan 15

24 Jul 15 (1.23%)

(4.26%)

-3.22%

16.52%

11.31%

11.89%

8.18%

(11.16%)
Aug 14 - Jun 15

3.87%

1.7%

16.17%

13.18%

10.32%

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

19

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Distressed Security/Global
VR GLOBAL OFFSHORE FUND LTD
Richard Deitz

30 Apr 99

$1'818M
Jun 15

36,667.75

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

$1'280M
Jun 15

2,983.28

$2''854M
Jun 15

736.93

30 Jun
15

MTD

YTD

2014

Ytd Avg. 2015


(0.43%)
(3.10%) 2.32%
-0.4%

2013

32.33%

2012

20.69%

Ann. Return

24.94%

Ann. Vol

Max
Drawdown1

14.85%

(48.38%)
May 08 - Mar 09

Ytd Avg. 2015


2.26%
15 Jul 15 0.05%
2.33%
6.74%

6.66%

16.14%

12.02%

5.18%

(13.32%)
Aug 08 - Mar 09

31 Jul 15 (0.20%)

2.18%

1.59%

17.62%

21.94%

14.23%

10.44%

(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

20

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

3.78%

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

31 Jul 02

$450M
Apr 15

3,853.78

Ytd Avg. 2015


3.78%
31 Jul 15 2.06%
3.78%
3.87%

23.3%

-7.73%

10.93%

7.98%

(12.78%)
Nov 11 - Jul 12

Equity-Diversified
Ytd Avg. 2015

6.13%

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

$2'191M
Jun 15

206.07

$113M
Jan 15

445.58

$166M
May 15

288.14

$139M
Jun 15

219.24

$613M
Jun 15

886.18

$118M
Jun 15

536.21

$398M
Jun 15

312.08

$345M
Apr 15

406.04

$538M
Jun 15

477.56

$226M
May 15

157.58

31 Jan 07

$41M
Jun 15

17.48%

26.91%

28.38%

24.33%

(64.64%)
Oct 07 - Nov 08

30 Jun
15

(5.95%)

20.99%

-0.51%

15.85%

-14.51%

17.03%

19.93%

(41.06%)
Feb 08 - Dec 08

31 Jul 15 2.19%

6.83%

16%

27.39%

-6.58%

11.16%

12.13%

(25.06%)
Oct 07 - Feb 09

30 Jun
15

(0.62%)

5.09%

-4.44%

4.6%

11.8%

7.57%

8.46%

(10.69%)
Oct 07 - Jan 09

31 Jul 15 (6.72%)

1.68%

17.46%

9.26%

8.06%

23.92%

19.63%

(42.16%)
Oct 07 - Nov 08

31 Jul 15 (16.15%) 25.76%

-8.2%

61.8%

16.99%

18.27%

24.27%

(33.28%)
Oct 07 - Mar 09

31 Jul 15 (5.24%)

5.63%

4.33%

13.35%

9.02%

11.07%

9.79%

(15.09%)
Apr 11 - May 12

30 Jun
15

(4.20%)

24 Jul 15 (0.60%)

13.10%

-6.27%

28.57%

10.76%

13.69%

17.98%

(46.90%)
Oct 07 - Oct 08

12.54%

5.71%

11.72%

27.68%

11.40%

12.63%

(37.65%)
Oct 07 - Nov 08

31 Jul 15 (11.69%)

5.30%

0.92%

5.55%

12.89%

8.48%

15.50%

(16.81%)
May 15 - Jul 15

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

Ytd Avg. 2015


11.40%
31 Jul 15 (8.41%) 17.11%
30.02%

1,725.52

Ytd Avg. 2015


(5.91%)
24 Jul 15 (0.34%) (5.91%)
5.08%

5.22%

11.03%

6.64%

8.63%

(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

21

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

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

SR GLOBAL FUND (Class N) Emerging Market Equity


Ed Butchart and CJ Morrell

31 Dec 12

Q
M
Q/Y
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
Jul 15

112.06

$139M
Jan 15

890.83

$225M
Jun 15

254.10

$437M
Jul 15

400.54

$85M
May 15

132.80

$135M
Jan 15

126.53

$55M
Jun 15

125.14

$425M
Jan 15

1,513.71

$120M
Jan 15

559.34

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

Q
M
M
M
M
M
M

MTD

YTD

2014

Ytd Avg. 2015


3.43%
31 Jul 15 (2.59%) 1.31%
12.24%

2013

11.49%

2012

9.92%

Ann. Return

9.70%

Ann. Vol

Max
Drawdown1

8.03%

(10.13%)
May 13 - Aug 13

31 Jul 15 0.35%

(0.12%)

-22.64%

24.2%

13.26%

12.72%

29.46%

(73.20%)
Sep 97 - Jan 99

15 Jul 15 0.49%

5.60%

7.15%

9.23%

6.94%

14.71%

9.53%

(10.02%)
Apr 11 - May 12

31 Jul 15 0.55%

3.83%

-2.56%

11.63%

7.73%

11.71%

7.46%

(20.86%)
Jun 08 - Oct 08

30 Jun
15

(1.30%)

(8.33%)

6.71%

7.91%

14.48%

4.84%

8.65%

(13.77%)
Jun 14 - Jun 15

31 Jul 15 (0.37%)

(0.64%)

-10.63%

10.01%

25%

6.05%

11.57%

(14.88%)
Aug 14 - Jul 15

31 Jul 15 (0.40%)

8.97%

3.68%

10.76%

9.07%

9.50%

(5.93%)
Nov 13 - Jan 14

31 Jul 15 (1.50%)

9.96%

2.7%

18.09%

-0.88%

18.27%

17.43%

(37.25%)
Oct 07 - Feb 09

31 Jul 15 1.60%

10.25%

4.63%

20.89%

8.13%

13.08%

17.48%

(56.02%)
Oct 07 - Feb 09

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

Date

$1'766M
Feb 15

569.87

$193M
Feb 15

174.65

$546M
Feb 15

657.00

418M
Apr 15

146.13

$240M
Apr 15

202.81

$410M
May 15

193.59

$212M
Apr 15

122.54

Ytd Avg. 2015


7.22%
31 Jul 15 4.51% 10.21%
9.35%

17.28%

14.08%

10.24%

11.40%

(26.28%)
May 07 - Feb 09

31 Jul 15 1.84%

4.71%

4.32%

12.83%

5.91%

6.64%

5.03%

(9.13%)
May 07 - Oct 08

31 Jul 15 0.24%

13.45%

5.5%

28.79%

1.7%

11.97%

14.72%

(32.68%)
Jun 07 - Dec 08

31 Jul 15 0.80%

7.09%

7.37%

14.59%

18.73%

4.85%

8.68%

(22.46%)
Oct 07 - Oct 08

31 Jul 15 3.76%

18.24%

9.86%

24.8%

12.65%

15.75%

6.57%

(7.15%)
Feb 14 - May 14

31 Jul 15 1.83%

8.46%

4.6%

11.51%

5.82%

8.89%

3.60%

(3.66%)
Feb 14 - May 14

30 Jun
15

(0.08%)

4.08%

3.71%

14.99%

-1.27%

9.04%

4.37%

(2.45%)
Feb 14 - Jun 14

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

Equity-Diversified/Europe
GLG EUROPEAN LONG SHORT FUND Class D EUR
Unres
Pierre Lagrange, Simon Savage, Neil Mason

30 Sep 00

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


Anthony Clake

31 Dec 04

M
M
M
M
D

M
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

$363M
Jun 15

331.13

CHF57M
Jun 15

1,594.52

413M
Mar 15

460.03

$367M
Mar 15

229.90

CHF104M
Jun 15

283.54

378M
Jul 15

13.81

$316M
Jun 15

547.25

134M
Jun 15

136.66

$131M
Jun 15

164.33

$270M
Jun 15

234.96

66M
Jun 15

119.65

$94M
Jun 15

165.15

$175M
Jan 15

169.69

NOK818M
Jun 15

272.09

2'705M
Mar 15

830.73

3'529M
Apr 15

221.53

Date

MTD

YTD

2014

Ytd Avg. 2015


7.22%
31 Jul 15 (0.29%) 4.94%
-5.24%

2013

7.09%

2012

5.75%

Ann. Return

8.40%

Ann. Vol

Max
Drawdown1

7.91%

(17.94%)
Oct 07 - Oct 08

31 Jul 15 0.12%

3.23%

2.12%

-3.57%

-8.93%

4.36%

4.78%

(13.54%)
Sep 11 - Dec 13

31 Jul 15 2.36%

7.27%

1.1%

15.93%

-4.72%

13.76%

8.31%

(16.39%)
Jun 08 - Nov 09

31 Jul 15 4.28%

11.82%

-4.32%

21.51%

4.56%

9.29%

11.65%

(21.60%)
May 08 - Feb 09

31 Jul 15 0.94%

1.02%

2.7%

5.27%

2.04%

11.17%

5.85%

(5.29%)
Jun 11 - Aug 11

05 Aug
15

0.88%

30 Jun
15

(1.39%)

30 Jun
15

(1.72%)

04 Aug
15

0.20%

04 Aug
15

0.29%

04 Aug
15

0.55%

5.33%

1.54%

20.02%

14.91%

6.76%

6.50%

(9.23%)
Dec 10 - Sep 11

22.06%

10.8%

29.19%

26.9%

14.89%

20.31%

(60.03%)
May 07 - Feb 09

7.97%

-5.68%

30.08%

3.16%

9.58%

8.61%

(9.12%)
Jan 12 - Jun 12

11.41%

3.96%

7.44%

8.72%

5.83%

8.24%

(26.47%)
Jun 07 - Sep 08

8.08%

6.72%

16.17%

11.31%

8.39%

7.41%

(21.75%)
Oct 07 - Feb 09

9.02%

-5.61%

7.94%

4.37%

3.52%

7.32%

(12.02%)
Sep 11 - Jul 12

31 Jul 15 (0.93%)

2.87%

-5.72%

14.82%

-4.33%

6.76%

6.40%

(11.33%)
Dec 13 - Aug 14

31 Jul 15 (0.55%)

0.21%

-3.32%

4.93%

-2.69%

4.29%

2.72%

(5.36%)
Dec 13 - Aug 14

30 Jun
15

(1.68%)

7.24%

14.46%

23.77%

12.14%

8.83%

10.76%

(32.36%)
Dec 07 - Feb 09

31 Jul 15 0.29%

(13.49%)

5.48%

25.76%

30.69%

12.78%

16.74%

(50.64%)
Jan 94 - Jul 95

30 Jun
15

(1.14%)

15.43%

2.58%

32.52%

16.89%

10.93%

10.65%

(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

23

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

150.73

$130M
May 15

3,190.30

$248M
Jun 15

150.46

$78M
Jul 15

540.24

$464M
Apr 15

186.46

$252M
Jul 15

128.99

710M
May 15

306.51

179M
Feb 15

236.60

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


7.22%
(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

31 Jul 15 (5.98%)

(8.51%)

2.97%

1.9%

8.07%

4.49%

8.27%

(8.51%)
Dec 14 - Jul 15

31 Jul 15 2.70%

3.92%

13.94%

20.33%

29.45%

11.98%

18.02%

(55.01%)
Jun 07 - Nov 08

24 Jul 15 0.14%

3.22%

3.63%

17.47%

2.95%

5.34%

7.36%

(11.62%)
Jun 11 - May 12

31 Jul 15 1.41%

5.74%

-1.76%

4.48%

11.82%

9.58%

8.71%

(16.98%)
Mar 00 - Jan 03

31 Jul 15 (0.78%)

11.66%

-4.8%

17.78%

15.22%

10.19%

11.10%

(16.04%)
May 11 - Sep 11

31 Jul 15 2.22%

18.44%

-2.65%

11.87%

12.99%

9.45%

(5.74%)
Feb 14 - Jul 14

30 Jun
15

1.53%

7.82%

2.64%

14.43%

6.9%

11.64%

8.38%

(7.41%)
Apr 06 - Sep 06

31 Jul 15 2.74%

10.54%

-6.33%

8.9%

11.02%

9.31%

11.02%

(19.14%)
Aug 08 - Oct 08

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

30 Jun
15

MTD

$68M
Jul 15

108.12

$78M
Jul 15

142.59

$160M
Jun 15

1,454.10

$186M
Jun 15

145.87

$1'105M
Apr 15

114.78

$338M
Jun 15

164.86

$184M
Jun 15

205.28

Ytd Avg. 2015


7.57%
31 Jul 15 0.70%
1.46%
6.56%

9.83%

6.47%

(2.30%)
May 15 - Jun 15

31 Jul 15 0.60%

1.25%

6.66%

11.45%

12.62%

8.05%

7.23%

(8.57%)
Jul 11 - Sep 11

31 Jul 15 0.77%

4.03%

12.64%

8.54%

-3.47%

5.42%

8.60%

(13.57%)
Sep 11 - Jun 13

30 Jun
15

1.89%

31 Jul 15 0.86%

13.10%

-4.32%

22.4%

6.8%

7.11%

8.98%

(15.02%)
Mar 11 - Sep 11

8.84%

9.26%

5.16%

11.83%

5.95%

(5.07%)
Feb 14 - Apr 14

24 Jul 15 2.30%

11.02%

19.48%

19.48%

3.66%

13.07%

6.11%

(3.95%)
Apr 12 - Jun 12

31 Jul 15 (4.19%)

(6.96%)

7.93%

11.13%

16.99%

10.42%

12.74%

(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

24

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Equity-Diversified/Global
CARLYLE LIQUID TACTICAL FUND
DGAM Team

31 Jul 14

DUET GLOBAL PLUS FUND


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

$119M
Jun 15

103.50

$1'500M
Jun 15

126.12

$105M
May 15

121.36

144M
Apr 15

17,463.06

$285M
Apr 15

208.26

$100M
Jun 15

1,330.58

$86M
Jan 15

306.75

$683M
May 15

645.31

$225M
Jun 15

159.75

$8'534M
Mar 15

742.88

$460M
Apr 15

127.10

$106M
Jun 15

137.19

$1'241M
Jul 15

191.24

$6'219M
Jun 15

476.76

$1'199M
Jul 15

238.90

$1'626M
May 15

1,731.42

30 Jun
15

MTD

YTD

2014

2013

2012

Ytd Avg. 2015


7.57%
(4.20%) (0.04%)
3.54%

Ann. Return

3.82%

Ann. Vol

Max
Drawdown1

7.82%

(4.30%)
Apr 15 - Jun 15

30 Jun
15

(0.15%)

30 Jun
15

(1.68%)

04 Aug
15

0.07%

1.18%

-0.38%

3.95%

11.05%

6.04%

3.13%

(2.56%)
Feb 14 - May 14

13.79%

-0.21%

7.14%

-0.24%

7.79%

7.66%

(4.70%)
Feb 14 - Apr 14

0.63%

-1.64%

1.85%

0.77%

4.43%

2.98%

(2.89%)
Apr 11 - May 12

27 Jul 15 (2.29%)

9.20%

6.78%

10.56%

19.44%

8.93%

10.80%

(16.50%)
May 08 - Oct 08

31 Jul 15 4.60%

6.82%

-1.36%

19.76%

13.1%

7.73%

8.63%

(10.31%)
Feb 14 - Apr 14

30 Jun
15

(0.60%)

05 Aug
15

1.31%

30 Jun
15

(0.93%)

0.13%

7.01%

13.15%

6.85%

10.47%

14.38%

(38.55%)
May 08 - Jan 09

9.03%

12.63%

19.15%

16.28%

13.70%

15.92%

(33.75%)
Feb 09 - Jun 10

9.00%

6.56%

15.74%

16.75%

13.63%

4.64%

(2.10%)
Apr 12 - May 12

31 Jul 15 6.24%

10.15%

11.49%

33.26%

17.87%

15.39%

10.79%

(20.07%)
Dec 10 - Dec 11

31 Jul 15 0.99%

3.10%

-2.22%

8.97%

13.27%

4.54%

4.73%

(7.37%)
May 11 - Sep 11

30 Jun
15

(1.60%)

12.42%

12.27%

8.69%

17.95%

11.35%

(6.64%)
Aug 14 - Oct 14

31 Jul 15 2.43%

15.90%

8.23%

23.82%

11.78%

15.16%

12.51%

(30.15%)
Sep 87 - Oct 87

04 Aug
15

0.55%

04 Aug
15

0.51%

12.01%

8.44%

21.61%

7.45%

13.54%

8.87%

(23.24%)
Oct 07 - Oct 08

31 Jul 15 3.90%

0.64%

6.3%

13.37%

6.83%

14.50%

9.38%

(7.61%)
Jan 15 - Apr 15

18.79%

8.51%

16.46%

15.46%

12.69%

11.36%

(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

25

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
HY

M
M
Q
M

$206M
Jul 15

1,122.43

$1'697M
Jun 15

1,420.93

$2'000M
Jul 15

1,154.32

$562M
Mar 15

143.55

$495M
Apr 15

273.32

$499M
May 15

88.87

$645M
Jan 15

760.68

$200M
May 15

545.18

$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


7.57%
31 Jul 15 0.77%
2.58%
5.11%

2013

12.16%

2012

-0.14%

Ann. Return

2.75%

Ann. Vol

Max
Drawdown1

3.88%

(7.23%)
May 11 - Dec 12

30 Jun
15

(2.31%)

8.88%

-1.43%

18.07%

14.61%

19.70%

13.78%

(22.14%)
Oct 07 - Feb 09

31 Jul 15 2.90%

13.66%

0.9%

23.02%

11.08%

17.70%

25.50%

(52.74%)
Jun 08 - Dec 08

31 Jul 15 0.10%

8.32%

-6.24%

19.89%

12.13%

7.36%

8.10%

(10.06%)
Apr 11 - Dec 11

31 Jul 15 7.80%

29.18%

9.94%

45.5%

-5.67%

14.87%

25.99%

(43.24%)
Jun 08 - Nov 08

31 Jul 15 (2.34%)

0.93%

-2.67%

21.76%

17.44%

10.86%

12.07%

(30.48%)
Oct 07 - Feb 09

31 Jul 15 (0.80%)

14.55%

8.36%

36.28%

1.03%

12.92%

20.84%

(50.10%)
Apr 08 - Aug 12

31 Jul 15 1.48%

7.10%

-0.04%

20.2%

-4.66%

8.92%

8.20%

(15.87%)
Jul 11 - Nov 12

30 Jun
15

Equity-Diversified/Japan
AKAMATSU FUND
Philip Kay

MTD

$105M
Apr 15

209.70

$161M
Feb 15

221.06

$346M
Feb 15

284.87

$465M
Feb 15

2,932.50

$258M
Feb 15

23.02

$320M
Jan 15

470.10

$135M
Jan 15

193.85

$239M
Jun 15

210.65

30 Jun
15

(1.27%)

1.54%

5.27%

16.09%

9.35%

7.57%

7.81%

(8.80%)
Apr 11 - Sep 11

Ytd Avg. 2015


8.54%
0.21%
4.34%
5.88%

21.71%

-3.45%

7.31%

6.98%

(12.18%)
Mar 12 - Oct 12

31 Jul 15 0.87%

5.17%

0.57%

7.4%

-1.01%

5.52%

4.21%

(4.80%)
May 11 - Aug 12

31 Jul 15 (3.58%)

6.74%

-1.17%

26.63%

-0.58%

7.18%

9.97%

(19.05%)
Feb 11 - Aug 12

24 Jul 15 1.98%

14.89%

2.91%

23.38%

4.89%

9.25%

8.21%

(11.76%)
Jun 09 - Oct 10

31 Jul 15 2.38%

6.83%

-5.48%

28.56%

4.23%

5.68%

8.14%

(15.76%)
Apr 10 - May 12

31 Jul 15 9.88%

19.96%

10.82%

82.11%

44.54%

14.07%

19.51%

(55.47%)
Jan 06 - Oct 10

31 Jul 15 (1.20%)

6.39%

0.41%

62.51%

31.05%

6.03%

20.12%

(35.57%)
Mar 08 - Jul 10

30 Jun
15

0.81%

4.03%

15.2%

32.05%

17.83%

11.82%

7.91%

(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

26

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

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

30 Jun 96

$103M
May 15

1,649.43

28 Feb 05

BLACKROCK UK EQUITY HEDGE FUND


Nigel Ridge & Imran Sattar

30 Apr 05

PEGASUS FUND LIMITED SHARES A-1


Martin Hughes

31 Oct 97

THREADNEEDLE UK ABSOLUTE ALPHA FUND


Chris Kinder & Mark Westwood

30 Sep 10

M
M
M
D

$3'963M
Jun 15

260.07

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
Q/Y

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


2.31%
31 Jul 15 (2.51%) 2.31%
-34.59%

2013

4.08%

2012

Ann. Return

11.42%

15.81%

Ann. Vol

Max
Drawdown1

38.45%

(81.79%)

$545M
May 15

224.15

$140M
Jan 15

59.44

$518M
Mar 15

136.25

Ytd Avg. 2015


4.69%
31 Jul 15 1.56%
5.35%
4.01%

16.77%

3.87%

9.60%

5.92%

(10.72%)
May 07 - Mar 08

31 Jul 15 1.27%

6.16%

6.93%

6.42%

4.27%

8.19%

5.63%

(11.70%)
Jun 08 - Oct 08

30 Jun
15

(1.00%)

3.63%

-15.72%

63.74%

1.06%

10.66%

15.15%

(35.27%)
May 98 - Oct 98

29 Jul 15 0.95%

3.62%

5.4%

10.7%

2.91%

6.61%

3.82%

(3.17%)
Jun 11 - Sep 11

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

MTD

Mar 98 - Sep 98

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

Date

$463M
Feb 15

1,068.33

$139M
Apr 15

4,637.41

$448M
May 15

211.18

$2'384M
Jun 15

10,816.89

$106M
Jun 15

267.95

$472M
Mar 15

819.51

$551M
Mar 15

419.66

$128M
May 15

244.22

$4'976M
Jun 15

761.29

$4'047M
Jan 15

154,965.67

$901M
Jun 15

4,485.71

Ytd Avg. 2015


1.29%
31 Jul 15 (4.98%) (4.92%)
-6.92%

20.33%

3.85%

11.10%

18.78%

(44.44%)
May 08 - Dec 08

04 Aug (0.19%)
15
31 Jul 15 0.65%

1.45%

2.76%

16.27%

6.17%

10.27%

6.98%

(9.98%)
May 08 - Feb 09

2.50%

4.75%

11.59%

3.48%

6.71%

4.17%

(5.23%)
Apr 11 - Dec 11

31 Jul 15 0.50%

0.17%

5.04%

22.23%

9.24%

15.02%

15.57%

(39.02%)
May 08 - Feb 09

30 Jun
15

1.55%

11.73%

3.42%

50.32%

15.2%

14.21%

10.85%

(13.70%)
Mar 11 - Sep 11

31 Jul 15 0.62%

1.83%

4.92%

8.88%

4.49%

11.98%

7.86%

(19.53%)
Apr 98 - Sep 98

31 Jul 15 (8.50%) (20.12%)

-1.31%

22.28%

-14.08%

9.64%

13.18%

(24.13%)
Aug 14 - Jul 15

30 Jun
15

3.37%

31 Jul 15 (2.02%)

6.77%

9.76%

25.15%

25.9%

12.64%

13.70%

(27.44%)
May 08 - Feb 09

4.90%

14.44%

42.9%

24.24%

14.93%

15.94%

(49.17%)
May 07 - Dec 08

31 Jul 15 (6.30%)

(9.32%)

7.51%

18.76%

7.66%

15.65%

10.90%

(27.17%)
May 08 - Oct 08

31 Jul 15 1.17%

0.55%

6.8%

17.07%

10.5%

9.42%

5.90%

(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

27

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

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
Q
Q
Q

$1'939M
May 15

217.11

$500M
Mar 15

6,984.05

$412M
Jun 15

12,763.33

$299M
Apr 15

10.52

$556M
May 15

214.45

$2'686M
Mar 15

987.83

$2'014M
May 15

223.21

$378M
Apr 15

139.96

$525M
Mar 15

443.46

$1'205M
Jun 15

779.21

$1'816M
Jun 15

109,778.30

Date

MTD

YTD

2014

Ytd Avg. 2015


1.29%
31 Jul 15 1.82%
1.70%
11.31%

2013

28.31%

2012

16.41%

Ann. Return

12.50%

Ann. Vol

Max
Drawdown1

8.14%

(10.14%)
Apr 11 - Sep 11

31 Jul 15 2.30%

8.85%

1.33%

38.27%

19.89%

15.15%

20.75%

(76.22%)
Dec 99 - Sep 02

30 Jun
15

(1.16%)

05 Aug
15

0.10%

(4.60%)

21.72%

77.47%

31.53%

27.42%

25.02%

(60.15%)
Oct 07 - Feb 09

0.56%

4.61%

3.60%

3.61%

(1.82%)
Aug 14 - Sep 14

31 Jul 15 (3.36%)

20.46%

31.21%

35.68%

34.39%

15.53%

(15.56%)
Oct 14 - Jan 15

31 Jul 15 0.78%

5.23%

-2.13%

30.02%

25.66%

10.19%

14.39%

(42.55%)
May 07 - Feb 09

31 Jul 15 6.71%

3.04%

13.84%

16.78%

8.29%

8.36%

10.31%

(35.73%)
May 07 - Apr 09

04 Aug
15

0.70%

4.93%

5.45%

14.28%

16.32%

5.92%

5.90%

(9.19%)
Apr 10 - Dec 11

31 Jul 15 2.10%

(5.54%)

-3.59%

23.57%

21.5%

10.43%

11.74%

(17.57%)
Mar 10 - Aug 10

31 Jul 15 1.90%

(3.96%)

11.04%

23.18%

5.08%

12.70%

12.17%

(15.62%)
May 02 - Mar 03

30 Jun
15

(2.33%)

2.06%

4.64%

21.25%

-1.18%

14.30%

14.91%

(50.23%)
Feb 00 - Dec 02

Equity-Energy
Ytd Avg. 2015

(20.27%)

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

31 Oct 00

$225M
Feb 15

32.28

Ytd Avg. 2015


(20.27%)
31 Jul 15 (19.38%) (20.27%)
-27.2%

29.76%

-6.43%

8.27%

22.81%

(51.74%)
Jun 14 - Jul 15

Equity-Financial
Ytd Avg. 2015

9.46%

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

31 May 03

$407M
Jun 15

222.40

30 Jun
15

Ytd Avg. 2015


9.46%
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

28

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Equity-Financial/Global
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

WELLINGTON MANAGEMENT INV BERMUDA LTD BAY 31 Dec 95


POND A/1 NI
Nicholas C. Adams, Partner

M
HY

$183M
Apr 15

304.01

$92M
Jun 15

151.26

$541M
Jun 15

294.91

$5'296M
Jul 15

255.27

Date

MTD

YTD

2014

Ytd Avg. 2015


9.46%
31 Jul 15 2.90%
5.78%
-12.33%

2013

23.03%

2012

17.78%

Ann. Return

10.55%

Ann. Vol

Max
Drawdown1

13.09%

(26.25%)
Apr 10 - May 12

04 Aug
15

0.53%

30 Jun
15

(1.07%)

9.70%

6.52%

5.76%

-0.75%

6.31%

5.55%

(8.01%)
Nov 11 - Aug 12

10.77%

-6.79%

30.5%

24.94%

7.60%

16.75%

(67.54%)
Dec 07 - Nov 08

31 Jul 15 1.80%

17.15%

-1.68%

20.27%

20.41%

17.98%

16.35%

(63.22%)
Apr 98 - Mar 99

Equity-Healthcare
Ytd Avg. 2015

10.22%

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

17.70

$632M
Jun 15

156.36

$116M
Apr 15

143.93

30 Jun
15
30 Jun
15

Ytd Avg. 2015


10.22%
(0.93%) 3.77%
7.67%

26.54%

6.56%

9.48%

8.43%

(17.89%)
Oct 07 - Sep 08

5.67%

24 Jul 15 2.80%

17.74%

20.54%

59.69%

38.80%

22.00%

(17.78%)
Feb 14 - May 14

14.68%

21.95%

27.17%

-0.45%

23.28%

12.77%

(11.12%)
Feb 14 - Apr 14

04 Aug (0.20%)
15

4.27%

31 Jul 15 (0.49%)

10.65%

7.41%

26.97%

5.51%

8.45%

8.69%

(10.57%)
Feb 14 - Apr 14

2.11%

20.91%

5.73%

7.30%

6.53%

(6.90%)
Feb 14 - Nov 14

Equity-Mid-Small Cap
Ytd Avg. 2015

1.12%

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

31 Jul 03

626M
May 15

323.39

30 Apr 02

$425M
Jun 15

11.79%

11.93%

10.27%

7.17%

(21.47%)
Oct 07 - Feb 09

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

Ytd Avg. 2015


(0.08%)
31 Jul 15 0.06% (0.08%)
4.76%

477.81

Ytd Avg. 2015


(1.41%)
31 Jul 15 (0.33%) (1.41%)
-2.54%

13.46%

12.7%

12.52%

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

29

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

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
Jul 15

181.85

$236M
Jun 15

179.79

$230M
Jun 15

2,368.92

$802M
Jun 15

2,924.35

$71M
Jun 15

2,806.37

$71M
Jun 15

360.81

Date

MTD

YTD

Ytd Avg. 2015


1.74%
31 Jul 15 1.50%
5.76%

2014

2%

2013

27.15%

2012

9.93%

Ann. Return

9.26%

Ann. Vol

Max
Drawdown1

10.10%

(22.12%)
Feb 11 - Sep 11

31 Jul 15 (1.70%)

(4.17%)

8.83%

26.65%

14.64%

17.74%

22.81%

(49.05%)
May 07 - Feb 09

31 Jul 15 (1.07%)

0.92%

3.63%

15.93%

9.43%

9.50%

7.37%

(9.17%)
Apr 11 - Dec 11

30 Jun
15

(3.91%)

30 Jun
15

0.80%

30 Jun
15

(1.24%)

3.22%

22.4%

79.44%

34.81%

20.31%

36.52%

(70.55%)
Feb 00 - Sep 02

(1.51%)

12.46%

34.84%

24.02%

15.59%

15.18%

(50.33%)
Jun 07 - Apr 09

6.24%

-3.87%

38.52%

17.18%

13.56%

16.29%

(49.97%)
Jun 07 - Feb 09

Equity-Pharma-Biotech
Ytd Avg. 2015

22.06%

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

Q/Y

$1'056M
Apr 15

1,694.78

$50M
Jan 15

2,904.06

$3'350M
Apr 15

294.81

Ytd Avg. 2015


22.06%
31 Jul 15 5.44% 42.48%
20.3%

43.88%

27.75%

20.75%

15.80%

(24.43%)
Dec 07 - Nov 08

30 Jun
15

1.68%

13.18%

25.55%

20.95%

13.88%

7.91%

11.12%

(32.70%)
Oct 07 - Feb 09

31 Jul 15 (0.03%)

10.51%

7.78%

18.57%

10.31%

11.72%

8.67%

(15.79%)
Aug 08 - Dec 08

Equity-Real Estate
Ytd Avg. 2015

(10.75%)

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

30 Nov 04

$930M
Jun 15

434.06

30 Jun
15

Ytd Avg. 2015


(10.75%)
(6.00%) (10.75%)
4.04%

16.2%

40%

14.87%

26.03%

(54.37%)
May 07 - Feb 09

Equity-Technology
Ytd Avg. 2015

4.05%

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

30 Sep 06

890M
Jul 15

17,265.76

Ytd Avg. 2015


1.49%
04 Aug (0.50%) 1.49%
8.21%
15

3.84%

-0.19%

6.37%

4.45%

(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

30

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

$370M
Jun 15

466.13

30 Jun
15

MTD

YTD

Ytd Avg. 2015


6.61%
(2.26%) 6.61%

2014

30%

2013

11.22%

2012

0.65%

Ann. Return

10.46%

Ann. Vol

Max
Drawdown1

11.62%

(19.91%)
May 08 - Nov 08

Equity-Utility
Ytd Avg. 2015

8.94%

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

30 Apr 06

$280M
Jun 15

1,909.38

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

28 Feb 13

$305M
Jun 15

128.83

30 Jun
15

Ytd Avg. 2015


2.28%
(1.34%) 2.28%
4.09%

Ytd Avg. 2015


15.59%
31 Jul 15 (0.14%) 15.59%
-2.84%

2.98%

10.88%

7.31%

7.40%

(10.69%)
Nov 09 - Aug 11

14.71%

11.04%

7.64%

(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

31

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

0.96%

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

30 Sep 10

$3'300M
Mar 15

176.54

Ytd Avg. 2015


0.96%
31 Jul 15 (3.60%) 0.96%
5.33%

26.16%

28.67%

12.47%

12.97%

(17.63%)
Mar 11 - Sep 11

Merger-Arbitrage
Ytd Avg. 2015

2.81%

Merger-Arbitrage/Global
TIG ARBITRAGE ENHANCED FUND
Drew Figdor

31 Dec 06

$611M
Jun 15

222.48

Ytd Avg. 2015


2.81%
31 Jul 15 (1.58%) 2.81%
1.72%

13.34%

7.34%

9.76%

7.93%

(10.97%)
Oct 07 - Oct 08

Multi-Strategy
Ytd Avg. 2015

3.12%

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

W
M

$303M
Jun 15

117.82

$91M
Jun 15

145.61

30 Apr 93

ALTAI CAPITAL PARTNERS OFFSHORE, LTD


ALTAI CAPITAL MANAGEMENT, L.P.

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

KG INVESTMENT FUND LLC


KG Funds Management LLC

31 Dec 08

Y
Q
Q

Q
M
Q
Q

14.37%

10.74%

3.84%

6.33%

(10.96%)
Apr 11 - Nov 11

31 Jul 15 2.67%

15.25%

0.25%

17.1%

7.62%

12.59%

7.19%

(4.64%)
Feb 14 - Jul 14

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

04 Aug
15

Ytd Avg. 2015


12.28%
0.35%
9.32%
-6.7%

$731M
May 15

1,706.72

$361M
Jun 15

247.57

$248M
Jun 15

274.33

$7'257M
Mar 15

499.85

$90M
Nov 14

202.74

$1'000M
Jun 15

301.58

$135M
Jul 15

320.32

Ytd Avg. 2015


2.05%
24 Jul 15 (0.60%) (2.08%)
2.63%

16.86%

13.67%

9.44%

5.41%

(24.78%)
Jun 07 - Dec 08

30 Jun
15

1.11%

30 Jun
15

(3.98%)

12.82%

24.91%

52.07%

-0.05%

17.35%

18.74%

(22.85%)
May 11 - May 12

0.41%

5.37%

41.15%

30.08%

18.59%

9.86%

(10.33%)
Aug 14 - Jan 15

24 Jul 15 0.22%

2.12%

5.15%

10.24%

8.49%

8.49%

3.72%

(11.22%)
Oct 07 - Nov 08

30 Jun
15

(2.94%)

30 Jun
15

(0.78%)

(8.86%)

1.92%

11.65%

20.78%

10.62%

9.66%

(15.62%)
Jun 14 - Jun 15

31 Jul 15 4.27%

(0.26%)

5.67%

15.74%

3.8%

9.70%

9.39%

(27.67%)
Jul 07 - Dec 08

13.59%

8.97%

26.85%

21.93%

19.34%

13.33%

(20.31%)
Dec 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

32

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Multi-Strategy/Global
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
Y
Q/Y
Q
Q
Q
Q
Y
Q
Q

$153M
Jun 15

135.54

$3'010M
Jun 15

4,544.06

$6'047M
Jun 15

5,572.69

$1'100M
Jun 15

359.80

$3'992M
Jul 15

1,270.19

$134M
Jun 15

175.04

$3'093M
May 15

219.58

$210M
Jun 15

5,377.91

$2'600M
Jun 15

159.41

$578M
Jan 15

571.46

30 Jun
15

MTD

YTD

2014

Ytd Avg. 2015


2.05%
(0.65%) 4.21%
1.31%

2013

9.44%

2012

11.94%

Ann. Return

7.13%

Ann. Vol

Max
Drawdown1

5.69%

(8.21%)
Mar 12 - Jun 12

31 Jul 15 (2.80%)

(1.97%)

-8%

48.63%

11.07%

11.86%

12.81%

(20.92%)
Mar 10 - Sep 11

31 Jul 15 5.60%

9.13%

37.24%

9.3%

12.39%

17.62%

13.58%

(20.35%)
Jan 08 - Feb 09

30 Jun
15

(1.69%)

(0.87%)

3.51%

18.08%

10.66%

7.90%

6.64%

(29.14%)
May 07 - Nov 08

24 Jul 15 0.17%

2.96%

10.04%

31.78%

9.11%

20.60%

13.78%

(21.93%)
Feb 08 - Apr 09

30 Jun
15

(2.06%)

(0.74%)

-7.02%

12.75%

11.33%

7.32%

10.50%

(25.61%)
Aug 08 - Mar 09

31 Jul 15 (2.32%)

1.44%

10.52%

40.06%

0.9%

8.55%

12.83%

(30.56%)
May 07 - Feb 09

30 Jun
15

(4.64%)

31 Jul 15 1.19%

(1.46%)

15.65%

22.84%

52.21%

26.80%

30.20%

(31.26%)
Feb 11 - Oct 11

2.86%

7.65%

15.74%

6.77%

8.32%

6.94%

(9.46%)
Jun 14 - Oct 14

31 Jul 15 (1.71%)

1.47%

6.16%

18.09%

11.38%

13.69%

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

33

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

2.41%

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

$227M
Jun 15

131.97

$5'800M
Apr 15

214.09

$1'900M
Apr 15

7,135.83

$7'691M
Jul 15

251.64

$114M
Jun 15

4,212.50

$171M
Feb 15

1,864.41

$1'094M
May 15

169.13

$246M
Jun 15

115.55

$121M
Jan 15

1,087.74

$76M
May 15

190.84

$1'038M
Aug 15

138.20

$1'245M
Jun 15

1,923.25

$216M
Jul 15

196.00

Ytd Avg. 2015


2.41%
31 Jul 15 (1.82%) (5.18%)
18.57%

22.85%

-4.45%

8.67%

10.50%

(10.06%)
Jun 12 - Sep 12

03 Aug
15

0.14%

0.06%

3.78%

6.04%

14.73%

8.99%

5.08%

(10.54%)
Jun 08 - Dec 08

24 Jul 15 1.50%

2.57%

5.23%

10.83%

34.27%

10.85%

9.11%

(20.93%)
Jan 08 - Feb 09

31 Jul 15 0.10%

4.36%

8.15%

7.56%

0.43%

9.83%

4.41%

(7.41%)
Feb 08 - Mar 08

31 Jul 15 0.48%

4.71%

2.87%

13.44%

11.83%

6.72%

10.74%

(54.77%)
Jan 08 - Nov 08

31 Jul 15 (0.65%)

(0.50%)

5.23%

8.5%

10.22%

6.60%

7.68%

(31.27%)
Nov 07 - Dec 08

31 Jul 15 0.18%

2.88%

6.76%

1.58%

7.35%

7.79%

3.26%

(4.10%)
Apr 13 - Jul 13

31 Jul 15 1.09%

10.12%

4.93%

13.18%

3.04%

(0.15%)
Mar 15 - Apr 15

30 Jun
15

(0.80%)

31 Jul 15 0.80%

(2.27%)

0.27%

0.45%

4.86%

0.84%

6.42%

(29.25%)
Jan 08 - Dec 08

(2.61%)

-4.09%

3.38%

4.47%

8.89%

5.65%

(8.75%)
Oct 13 - Jun 15

31 Jul 15 0.88%

6.82%

2.27%

7.96%

11.71%

9.22%

6.33%

(7.68%)
Mar 12 - May 12

31 Jul 15 0.85%

3.19%

-3.34%

2.51%

6.02%

7.13%

3.90%

(6.61%)
May 13 - Aug 14

31 Jul 15 1.10%

7.12%

-0.27%

3.36%

1.91%

5.80%

8.60%

(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

34

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

2.21%

Arbitrage/Global
HSBC MAA FUND USD
HSBC Alternative Investments Limited

15 Jun 95

Q/M

$90M
May 15

224.86

Ytd Avg. 2015


2.21%
17 Jul 15 0.29%
2.21%
4.48%

4.95%

4.21%

4.11%

4.58%

(25.30%)
Jul 07 - Dec 08

Event Driven
Ytd Avg. 2015

2.24%

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

$73M
Jun 15

2,447.50

$42M
May 15

121.70

$68M
May 15

140.31

Ytd Avg. 2015


2.24%
31 Jul 15 (0.08%) 1.83%
-0.44%

8.61%

5.91%

6.81%

6.46%

(23.23%)
Jun 08 - Dec 08

17 Jul 15 0.33%

1.16%

2.75%

9.19%

8.74%

4.97%

5.42%

(9.16%)
Feb 11 - Dec 11

17 Jul 15 0.18%

3.73%

4.75%

13.97%

20.63%

4.12%

9.42%

(35.45%)
Jun 08 - Mar 09

Macro
Ytd Avg. 2015

0.69%

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

31 Dec 96

$272M
Jun 15

5,293.91

Ytd Avg. 2015


0.69%
24 Jul 15 2.47%
0.69%
1.97%

11.1%

1.49%

9.39%

8.47%

(9.96%)
Jul 98 - Oct 98

Multi-Strategy
Ytd Avg. 2015

3.90%

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

186.62

$517M
Jan 15

782.86

$54M
May 15

238.08

$829M
Jan 15

352.38

30 Jun
15

Ytd Avg. 2015


3.90%
(0.84%) 2.97%
1.42%

31 Jul 15 0.86%

10.45%

2.61%

5.05%

4.16%

(14.18%)
Jun 08 - Dec 08

3.48%

0.19%

10.49%

6.67%

8.37%

7.78%

(19.64%)
Jan 94 - Jan 95

31 Jul 15 0.83%

3.39%

0.15%

10.34%

6.54%

5.23%

7.11%

(18.79%)
Oct 07 - Dec 11

31 Jul 15 3.50%

3.02%

4.08%

-0.45%

2.83%

7.14%

5.73%

(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

35

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

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

345.62

$2'012M
May 15

170.26

213M
Jun 15

101.46

Date

MTD

YTD

2014

Ytd Avg. 2015


3.90%
17 Jul 15 1.13%
4.17%
4.77%

2013

8.51%

2012

5.4%

Ann. Return

6.69%

Ann. Vol

6.15%

Max
Drawdown1

(18.30%)
Jun 08 - Dec 08

17 Jul 15 2.19%

7.38%

7.61%

15.12%

8.72%

5.13%

11.05%

(37.09%)
Jun 08 - Dec 08

31 Jul 15 0.93%

2.86%

-1.57%

7.25%

1.38%

0.26%

3.75%

(8.81%)
Apr 10 - Dec 11

Trading
Ytd Avg. 2015

(1.26%)

Trading/Global
HSBC TRADING ADVANTEDGE FUND
HSBC Alternative Investments Limited

31 Oct 05

$69M
May 15

149.26

Ytd Avg. 2015


(1.26%)
17 Jul 15 3.53% (1.26%)
16.59%

-8.75%

-5.39%

4.21%

9.75%

(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

36

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

10.78%

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

31 Aug 96

$610M
Jul 15

147.14

Ytd Avg. 2015


10.78%
31 Jul 15 (4.28%) 10.78%
-43.99%

3.11%

20.19%

15.45%

44.05%

(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

37

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

$500M
Jun 15

1,393.28

$231M
Jun 15

570.35

$279M
Jun 15

174.36

30 Jun
15

Ytd Avg. 2015


(0.95%)
(0.10%) 1.37%
38.31%

25.02%

26.21%

21.17%

(14.92%)
Jul 13 - Sep 14

31 Jul 15 4.40%

0.35%

59.33%

15.77%

-7.6%

16.86%

21.94%

(36.93%)
Dec 10 - Oct 11

30 Jun
15

(8.59%)

(4.56%)

4.06%

8.79%

4.98%

7.78%

7.03%

(8.59%)
May 15 - Jun 15

Commodity-Systematic
Ytd Avg. 2015

12.80%

Commodity-Systematic/Global
MILLBURN COMMODITY PROGRAM
Millburn Ridgefield Corporation

28 Feb 05

$77M
Jul 15

201.68

04 Aug
15

Ytd Avg. 2015


12.80%
1.23% 12.80%
28.09%

-7.65%

-15.24%

6.95%

12.56%

(30.96%)
Apr 11 - Nov 13

Currency
Ytd Avg. 2015

(1.63%)

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

$3'040M
Jun 15

169.31

$72M
Jun 15

179.35

Ytd Avg. 2015


(2.69%)
31 Jul 15 (1.47%) (8.43%)
18.75%

31 Mar 09

THE CAMBRIDGE STRATEGY - EMERGING MARKETS


CURRENCY ALPHA
Andrew Saunders

31 Jan 08

D
M

0.96%

7.81%

11.66%

(13.69%)
Jul 08 - Sep 08

24 Jul 15 4.38%

3.05%

8.72%

1.06%

0.86%

6.35%

8.18%

(6.96%)
May 13 - Apr 14

Currency/Global
HARNESS MACRO CURRENCY FUND
Harness Investment Group Ltd

5.19%

$763M
Jul 15

145.47

$86M
Jun 15

186.48

04 Aug
15

Ytd Avg. 2015


(0.56%)
0.49% (5.96%)
8.28%

24 Jul 15 2.51%

3.51%

17.65%

6.08%

10.80%

(13.52%)
Apr 10 - Aug 10

4.83%

16.61%

-0.3%

7.42%

8.69%

8.27%

(10.76%)
May 13 - Sep 13

Diversified
Ytd Avg. 2015

2.95%

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

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

$487M
Jun 15

2,011.79

$2'690M
Jun 15

246.69

$3'852M
Jul 15

149.52

$181M
Jun 15

151.35

$79M
Jun 15

179.36

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

$103M
Jul 15

169.10

$792M
May 15

212.83

$866M
May 15

231.96

$708M
May 15

240.83

$611M
Jun 15

241.40

$573M
May 15

743.61

$343M
Jun 15

2,234.25

$402M
May 15

5,007.19

$830M
Feb 15

506.72

$116M
Jun 15

132.30

$740M
Jul 15

YTD

2014

Ytd Avg. 2015


1.49%
31 Jul 15 1.67%
2.77%
5.69%

2013

12.15%

2012

7.06%

Ann. Return

8.57%

Ann. Vol

Max
Drawdown1

5.03%

(5.92%)

30 Jun
15

0.33%

2.42%

3.55%

11.55%

4.41%

8.76%

3.72%

(1.94%)
Jan 10 - Mar 10

31 Jul 15 (0.26%)

3.22%

-1.21%

17.08%

21.23%

9.52%

6.27%

(5.97%)
Dec 13 - Aug 14

30 Jun
15

(0.80%)

30 Jun
15

(4.90%)

0.69%

9.95%

13.06%

20.91%

12.58%

4.35%

(2.37%)
May 13 - Jun 13

(1.63%)

-3.1%

34.5%

7.26%

8.57%

14.62%

(14.37%)
Jun 08 - Mar 09

Ytd Avg. 2015


(0.57%)
31 Jul 15 2.72%
2.68%
6.85%

-7.33%

2.54%

5.84%

7.07%

(14.63%)
Jun 13 - Jun 14

31 Jul 15 0.26%

1.77%

5.81%

4.65%

10.9%

7.92%

10.02%

(22.89%)
Oct 07 - Oct 08

30 Jun
15

0.65%

8.61%

11.35%

5.36%

7.75%

9.52%

7.16%

(18.02%)
Jun 08 - Oct 08

31 Jul 15 (6.35%) (12.87%)

5.41%

4.47%

4.3%

7.38%

7.77%

(21.00%)
Jun 08 - Oct 08

31 Jul 15 3.46%

8.44%

-5.31%

2.71%

8.19%

7.62%

7.06%

(12.50%)
Jul 08 - Oct 08

31 Jul 15 1.51%

6.02%

-3.49%

9.9%

13.55%

13.92%

13.56%

(33.00%)
Jun 08 - Nov 08

31 Jul 15 3.02%

4.10%

17.5%

6.73%

1.1%

13.50%

13.11%

(14.76%)
May 13 - Jun 13

30 Jun
15

(4.41%)

15 Jul 15 1.23%

(6.16%)

12.47%

19.65%

0.69%

11.67%

10.94%

(14.89%)
Aug 14 - Jun 15

(4.33%)

6.72%

0.97%

14.12%

11.88%

9.14%

(31.74%)
May 08 - Feb 09

24 Jul 15 (0.70%) (13.93%)

7.91%

-2.05%

12.92%

4.59%

7.50%

(14.03%)
Dec 14 - May 15

Diversified/Global
ATREAUS OVERSEAS FUND LTD
Atreaus Capital LP

MTD

Jan 14 - Jun 14

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

Date

122.23

Ytd Avg. 2015


4.10%
31 Jul 15 (0.09%) 10.71%
9.09%

1.01%

0.2%

6.37%

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

39

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

$21'201M
Jun 15

313.82

$4'440M
Jun 15

2,828.05

$1'354M
May 15

113.50

$5'934M
Jan 15

937.00

$557M
Apr 15

221.23

$81M
Jun 15

287.35

$'6115M
Jun 15

79,878.83

$1'287M
May 15

156.70

$1'231M
Jun 15

1,166.69

$508M
May 15

240.73

$73M
May 15

8,747.07

$798M
Jul 15

465.56

$2'429M
Jul 15

249.02

$2'429M
Jul 15

278.66

$96M
Jul 15

134.11

$460 M
Apr 15

1,862.80

30 Jun
15

MTD

YTD

2014

Ytd Avg. 2015


4.10%
(1.06%) 1.62%
-0.79%

2013

2.68%

2012

3.93%

Ann. Return

9.78%

Ann. Vol

Max
Drawdown1

6.74%

(8.47%)
Apr 13 - Jun 14

31 Jul 15 4.05%

5.72%

-4.66%

9.65%

28.12%

17.35%

7.69%

(12.56%)
Jun 14 - Jan 15

31 Jul 15 1.20%

11.56%

-6.96%

9.34%

5.78%

9.59%

(9.40%)
Feb 14 - Oct 14

04 Aug
15

0.28%

5.28%

-1.38%

18.16%

1.96%

12.84%

7.42%

(7.37%)
Jun 07 - Aug 07

31 Jul 15 2.10%

1.27%

6.19%

5.39%

15.64%

12.65%

9.22%

(10.38%)
Jan 09 - Feb 09

31 Jul 15 0.70%

10.89%

9.48%

-0.01%

-1.72%

8.57%

20.35%

(31.94%)
Feb 08 - Sep 08

31 Jul 15 2.79%

18.54%

2.91%

19.44%

2.73%

22.26%

9.75%

(7.83%)
Oct 07 - Apr 08

24 Jul 15 (0.22%)

5.84%

7.77%

6.14%

-4.69%

4.60%

10.78%

(32.77%)
Oct 07 - Feb 09

31 Jul 15 1.36%

(9.41%)

-1.62%

14.11%

17.82%

5.02%

7.77%

(12.07%)
Dec 13 - Jun 15

28 Jul 15 (0.37%)

5.70%

4.72%

-0.11%

14.71%

7.94%

7.16%

(12.25%)
Mar 11 - Sep 11

31 Jul 15 0.37%

6.07%

5.1%

-2.83%

0.29%

16.61%

12.97%

(13.45%)
Dec 87 - Apr 88

04 Aug
15

0.29%

04 Aug
15

0.60%

04 Aug
15

0.29%

4.42%

10.41%

10.5%

9.29%

12.97%

9.82%

(13.31%)
May 07 - May 08

3.76%

6.53%

7.57%

7.8%

11.17%

10.33%

(30.81%)
May 07 - Jun 08

31 Jul 15 1.25%

1.81%

3.18%

3.63%

3.83%

6.20%

5.17%

(14.81%)
May 07 - Jun 08

(3.22%)

8.27%

-8.34%

23.45%

5.40%

11.82%

(18.17%)
Aug 12 - Feb 14

31 Jul 15 (0.54%)

5.13%

2.53%

9.34%

5.37%

5.64%

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

40

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

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

1,239.22

$701M
Jun 15

109.88

$2'238M
Jun 15

318.93

$832M
May 15

2,841.99

$4'400M
Mar 15

59,947.12

$7'200M
Mar 15

15,055.17

$563M
Jun 15

259.81

$108M
Feb 15

142.82

$105M
Jun 15

139.66

$3'961M
Jun 15

3,051.58

$2'113M
Jun 15

2,565.53

$184M
Jun 15

195.51

$142M
May 15

140.05

$437M
Jun 15

113.72

$757M
Jul 15

546.01

$490M
Jun 15

133.58

$225M
May 15

7,220.47

30 Jun
15

MTD

YTD

2014

Ytd Avg. 2015


4.10%
(1.27%) 8.57%
-1.12%

2013

1.21%

2012

-2.53%

Ann. Return

2.26%

Ann. Vol

Max
Drawdown1

8.95%

(31.90%)
Jan 07 - Oct 08

31 Jul 15 0.44%

7.81%

-3.61%

4.36%

4.14%

7.46%

(10.18%)
Dec 13 - Aug 14

31 Jul 15 0.32%

5.36%

-2.1%

7.09%

6.9%

8.63%

5.33%

(6.65%)
Dec 13 - Aug 14

31 Jul 15 4.99%

5.06%

13.66%

23.84%

-0.76%

8.14%

17.67%

(36.99%)
Dec 10 - May 12

23 Jul 15 1.01%

5.33%

1.74%

17.02%

8.82%

17.36%

11.50%

(18.45%)
Jan 94 - Feb 95

23 Jul 15 0.64%

3.86%

5.54%

13.49%

9.01%

13.12%

8.14%

(14.47%)
Jan 94 - Feb 94

31 Jul 15 0.77%

0.13%

5.71%

-4.87%

0.74%

12.26%

12.38%

(14.14%)
Aug 10 - Apr 11

31 Jul 15 (1.90%)

(1.12%)

0.01%

35.98%

12.01%

9.52%

10.15%

(10.67%)
Dec 13 - Apr 14

30 Jun
15

(2.21%)

30 Jun
15

(3.30%)

30 Jun
15

(0.40%)

1.85%

-7.94%

7.16%

-6.72%

4.51%

13.84%

(25.48%)
Sep 08 - Oct 08

(1.09%)

8.23%

18.51%

12.53%

11.59%

8.61%

(9.64%)
Jun 08 - Nov 08

4.59%

5.86%

-0.44%

12.01%

7.37%

8.19%

(25.88%)
May 08 - Nov 08

31 Jul 15 (6.12%)

15.67%

8.37%

4.65%

6.19%

9.46%

11.65%

(17.36%)
Jun 08 - Nov 08

31 Jul 15 2.90%

(1.90%)

5.19%

9.3%

5.55%

7.91%

10.00%

(10.64%)
Dec 13 - May 14

30 Jun
15

(2.61%)

31 Jul 15 (3.12%)

(3.95%)

17.22%

1%

7.63%

6.56%

(5.68%)
Jan 15 - Jun 15

2.94%

1.72%

18.27%

-3.89%

11.37%

14.84%

(36.03%)
Dec 04 - May 07

31 Jul 15 (0.32%)

4.73%

-0.67%

14.81%

16.56%

7.50%

5.81%

(6.45%)
Aug 11 - Jun 12

31 Jul 15 (1.06%)

3.15%

-8.57%

7.65%

4.27%

7.86%

13.99%

(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

41

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

134,945.86

$8'273M
Jun 15

131,870.86

$1'789M
Apr 15

1,183.15

Date

MTD

YTD

2014

Ytd Avg. 2015


4.10%
31 Jul 15 1.67%
1.99%
3.47%

2013

14.29%

2012

6.27%

Ann. Return

7.17%

Ann. Vol

Max
Drawdown1

7.05%

(4.42%)
Dec 13 - May 14

31 Jul 15 1.57%

1.54%

2.65%

13.99%

5.41%

18.50%

18.34%

(17.07%)
Apr 92 - Jul 92

31 Jul 15 0.95%

1.49%

0.15%

13.2%

2.82%

5.60%

7.21%

(9.27%)
Jun 13 - Jun 14

Fixed Income
Ytd Avg. 2015

3.35%

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

42M
Jun 15

97.02

$191M
Jun 15

11.82

Ytd Avg. 2015


3.35%
05 Aug (0.12%) (0.41%)
-2.7%
15
30 Jun
15

0.58%

7.11%

6.89%

2.39%

1.85%

3.59%

6.11%

(5.68%)
Aug 10 - Mar 11

-6.81%

5.77%

4.55%

9.61%

(19.31%)
May 13 - Jul 14

Systematic
Ytd Avg. 2015

(5.53%)

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

$48M
Jul 15

115.12

$366M
Jul 15

179.16

$84M
Apr 15

164.01

Ytd Avg. 2015


(5.53%)
31 Jul 15 0.32% (8.07%)
15.5%

-9.64%

5.22%

2.16%

18.17%

(27.47%)
May 12 - Apr 14

31 Jul 15 0.51%

(6.14%)

11.34%

-10.32%

8.57%

6.82%

13.68%

(22.33%)
May 12 - Apr 14

30 Jun
15

(2.33%)

(2.37%)

11.69%

5.5%

9.42%

7.06%

6.13%

(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

42

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

(1.28%)

Currency/Global
MAN AHL CURRENCY FUND DN USD
Matthew Sargaison and Emidio Sciulli

31 Jul 93

ORTUS FUND (CAYMAN) LTD


Dr Joe Zhou

30 Sep 03

M
M

$22M
Jun 15

133.83

$108M
Jan 15

204.28

Ytd Avg. 2015


(1.28%)
30 Jul 15 9.62% (0.08%)
58.05%

-11.24%

1.13%

12.51%

24.00%

(31.58%)
Apr 11 - Jun 12

31 Jul 15 0.00%

(2.47%)

7.42%

-17.32%

-17.33%

6.22%

11.72%

(33.53%)
Jan 12 - Sep 14

Systematic
Ytd Avg. 2015

1.10%

Systematic/Global
AHL EVOLUTION
Tim Wong , Matthew Sargaison

31 Aug 05

AHL ALPHA
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


DGAM Team

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

$2'900M
Jun 15

1.50

$3'000M
Jun 15

1.29

$4'300M
Jun 15

1.48

$822M
Jun 15

413.39

$5'800M
Jun 15

316.40

$63M
Jun 15

1,951.65

$461M
Jun 15

185.03

$108M
Mar 15

4,528.29

$108M
Mar 15

3,635.34

$3'200M
May 15

2,029.42

$76M
Jun 15

129.51

$142M
Mar 15

2,074.54

Ytd Avg. 2015


1.10%
31 Jul 15 2.00%
4.57%
20.31%

16.91%

23.53%

15.50%

12.51%

(13.16%)
Jun 08 - Oct 08

31 Jul 15 4.42%

1.54%

22.83%

-1.51%

-0.06%

12.73%

12.37%

(12.29%)
Oct 01 - Feb 02

31 Jul 15 6.24%

(0.58%)

33.79%

-3.05%

-2.23%

13.53%

16.65%

(19.53%)
Oct 01 - Apr 02

05 Aug
15

1.75%

3.06%

32.04%

-4.44%

-10.66%

8.88%

16.13%

(22.19%)
Feb 12 - Mar 14

31 Jul 15 6.19%

3.06%

12.68%

-11.5%

0.02%

10.69%

14.25%

(22.05%)
Apr 11 - Jan 14

05 Aug
15

0.00%

30 Jun
15

(4.06%)

05 Aug
15

0.71%

05 Aug
15

0.21%

(7.41%)

14.33%

13.23%

-3.99%

9.02%

11.56%

(14.56%)
Feb 08 - Apr 12

(0.23%)

10.81%

2.09%

-3.33%

6.94%

11.02%

(15.21%)
Apr 11 - Apr 14

(3.22%)

19.84%

12.57%

4.52%

9.01%

13.32%

(21.17%)
Jun 07 - Jan 10

(2.38%)

14.38%

11.34%

1.84%

6.79%

11.58%

(22.92%)
Jun 07 - Aug 07

24 Jul 15 5.84%

(0.47%)

39.32%

-27.65%

15.32%

8.98%

17.79%

(34.86%)
Apr 13 - Apr 14

30 Jun
15

(4.40%)

05 Aug (1.06%)
15

(4.45%)

35.55%

24.79%

18.05%

(10.49%)
Mar 15 - Jun 15

1.49%

4.21%

-6.62%

-33.44%

4.59%

19.15%

(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

43

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

DUNN WMA FUND, SA


Dunn Capital Management LLP

31 Dec 10

DUNN WMA INSTITUTIONAL UCITS FUND


Dunn Capital Management LLP

31 Aug 11

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

M
W

M
D
M
M
D
M
M
M

M
W

M
M

$532M
May 15

5,778.79

$1'434M
Jan 15

134.10

$245M
Jun 15

1,134.37

$227M
Jun 15

146.37

$56M
Jul 15

137.98

$61M
May 15

886,290.65

$675M
Jan 15

208.50

$331M
Jul 15

2,582.12

$1'002M
Jul 15

400.20

$2'913M
Jul 15

446.54

$2'913M
Jul 15

296.68

$4'016M
Jul 15

252.22

$443M
Jul 15

29,521.99

$325M
Jun 15

121.10

$2'429M
May 15

5,978.83

$471M
May 15

211.69

Date

MTD

YTD

2014

Ytd Avg. 2015


1.10%
31 Jul 15 0.90% (1.16%)
8.67%

2013

2.2%

2012

Ann. Return

15.53%

10.59%

Ann. Vol

Max
Drawdown1

15.70%

(16.71%)
Oct 98 - Jun 99

31 Jul 15 4.52%

1.28%

14.41%

6.63%

-3.96%

5.94%

8.16%

(7.87%)
Apr 13 - Aug 13

31 Jul 15 4.50%

(2.45%)

15.4%

-10.32%

-13.88%

10.62%

15.72%

(34.56%)
Jun 94 - Oct 95

30 Jun (10.83%) (5.23%)


15

35.08%

04 Aug
15

24.18%

1.13%

9.29%

33.42%

-18.27%

8.84%

25.89%

(27.38%)
Aug 11 - Oct 12

33.48%

-20.2%

8.54%

20.33%

(27.86%)
Aug 11 - Oct 12

31 Jul 15 (1.56%)

1.52%

-1.04%

-15.88%

8.1%

11.62%

22.92%

(37.45%)
Apr 13 - Jul 14

31 Jul 15 2.31%

2.47%

11.42%

10.05%

-0.82%

6.85%

6.72%

(9.76%)
Dec 04 - Sep 05

31 Jul 15 1.00%

(0.03%)

19.02%

-4.67%

7.12%

16.05%

18.85%

(26.55%)
May 99 - Sep 00

04 Aug
15

0.23%

4.43%

15.91%

13.72%

-0.07%

8.99%

11.96%

(17.90%)
Apr 11 - Nov 12

04 Aug (0.21%)
15

2.75%

04 Aug (0.29%)
15

4.23%

04 Aug (0.30%)
15

7.86%

31 Jul 15 7.02%

17.71%

10.04%

-4.91%

7.56%

12.14%

(20.70%)
Apr 11 - Nov 12

27.43%

15.25%

-7.15%

11.38%

19.00%

(29.84%)
Feb 04 - Apr 05

22.4%

8.44%

4.21%

11.02%

10.38%

(8.00%)
Nov 09 - Jan 10

4.93%

62.39%

-10.66%

-17.47%

18.00%

18.80%

(34.79%)
Feb 11 - Sep 13

31 Jul 15 5.12%

7.72%

15.91%

-3.01%

7.19%

8.86%

12.12%

(12.45%)
Apr 06 - Sep 06

04 Aug
15

0.29%

04 Aug
15

0.44%

(1.11%)

27.03%

11.1%

-6.71%

12.42%

14.34%

(14.72%)
Sep 11 - Aug 13

(2.36%)

42.18%

16.7%

-10.82%

10.87%

22.65%

(22.55%)
Sep 11 - Aug 13

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

Systematic/Global
MILLBURN DIVERSIFIED PROGRAM
Millburn Ridgefield Corporation

31 Jan 77

MLIS - GRAHAM CAPITAL SYSTEMATIC MACRO


UCITS FUND
Graham Capital Management L.P.

30 Nov 10

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
D

M
M
M

W
M
M
M
M
M
M
M
M

$807M
Jul 15

22,344.26

$89M
Jun 15

107.10

$1'510M
Mar 15

175.93

$606M
May 15

132.74

$595M
Jul 15

257.74

$81M
Apr 15

328.34

$392M
Aug 15

110.96

$2'474M
Apr 15

17,610.56

$104M
Jun 15

2,904.23

$277M
Jun 15

4,888.89

$1'064M
Jun 15

2,259.79

$160M
Jul 15

229.88

$319M
Jul 15

1,824.26

$12'700M
Jul 15

1,049.28

04 Aug
15

MTD

YTD

2014

Ytd Avg. 2015


1.10%
0.51%
3.95%
17.65%

2013

-6.02%

2012

Ann. Return

-5.5%

15.07%

Ann. Vol

18.02%

Max
Drawdown1

(25.65%)
May 89 - Oct 89

04 Aug (0.26%)
15

4.73%

30 Jun
15

2.64%

(5.26%)

25.41%

11.59%

-10.09%

1.48%

13.66%

(31.34%)
Feb 11 - Nov 12

17.14%

22.88%

11.04%

11.75%

12.27%

(11.27%)
Dec 13 - Jul 14

31 Jul 15 1.19%

3.90%

7.45%

2.15%

-3.17%

3.68%

10.85%

(22.27%)
Jun 08 - Jun 09

05 Aug
15

0.30%

(6.29%)

14.86%

9.31%

-22.39%

4.86%

18.80%

(52.73%)
Nov 08 - Oct 12

31 Jul 15 5.38%

1.99%

57.24%

-5.95%

-20.11%

8.37%

19.32%

(37.70%)
Dec 08 - Sep 13

31 Jul 15 4.43%

2.29%

12.26%

1.84%

-0.15%

2.53%

11.67%

(13.61%)
Aug 11 - Aug 13

31 Jul 15 (0.10%)

(1.48%)

7%

7.57%

3.53%

12.37%

4.88%

(7.75%)
Jun 07 - Aug 07

31 Jul 15 3.51%

(0.03%)

22.7%

7.76%

-6.33%

16.88%

22.12%

(36.53%)
May 03 - Jan 05

31 Jul 15 20.76%

(2.43%)

36.15%

-0.01%

4.89%

13.72%

26.10%

(34.25%)
Feb 09 - Jan 10

31 Jul 15 5.72%

0.28%

25.56%

14.07%

4.23%

14.54%

8.88%

(9.85%)
Apr 11 - Sep 11

31 Jul 15 4.27%

1.86%

34.01%

-5.73%

-8.12%

7.73%

13.97%

(33.18%)
Feb 11 - Sep 13

05 Aug
15

0.42%

05 Aug
15

0.25%

3.25%

17.26%

14.56%

-8.31%

6.24%

10.84%

(14.61%)
Jun 08 - Jul 09

2.63%

13.87%

9.4%

-3.56%

14.07%

16.51%

(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

45

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

4.72%

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

31 Aug 05

$395M
Jun 15

452.77

Ytd Avg. 2015


7.14%
31 Jul 15 6.53%
7.14%
11.2%

31 Jul 09

261M
Mar 15

177.66

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

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

329.70

30 Apr 02

EQUILIBRIA JAPAN FUND LTD 2X (USD)


James Pulsford, Sara Gardiner-Hill

30 Apr 09

M
M

$804M
Jun 15

177.35

$2'479M
Jun 15

136.06

$185M
May 15

256.94

31 Mar 08

SCHRODER CAZENOVE UK ABSOLUTE TARGET


FUND - P2 GBP
Steven Cordell

30 Jun 08

11.45%

(20.20%)

05 Aug
15

Ytd Avg. 2015


2.29%
0.08%
2.29%
-0.18%

10.72%

6.4%

2.85%

4.15%

(7.38%)
Feb 14 - Aug 14

Ytd Avg. 2015


5.33%
31 Jul 15 (2.32%) (2.63%)
1.57%

8.26%

9.2%

7.74%

5.46%

(8.65%)

$389M
May 15

173.73

04 Aug
15

0.94%

04 Aug
15

0.55%

12.84%

13.34%

18.78%

15.02%

7.66%

6.54%

(15.98%)
Jun 08 - Nov 08

5.78%

6.39%

7.58%

6.07%

4.14%

4.43%

(11.63%)
Jun 08 - Oct 08

Ytd Avg. 2015


5.51%
24 Jul 15 (0.11%) 3.75%
4.6%

9.16%

-3.55%

7.39%

4.40%

(7.20%)
Jul 11 - Dec 12

24 Jul 15 (0.24%)

7.27%

9.46%

19.7%

-6.6%

9.26%

7.90%

(13.42%)
Jul 11 - Dec 12

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

16.44%

Mar 11 - Sep 11

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

1.85%

Jun 08 - Dec 08

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

7.34%

783M
Mar 15

1.23

297M
Jan 15

126.40

Ytd Avg. 2015


3.03%
06 Aug (0.08%) 0.99%
0.6%
15
28 Jul 15 2.35%

5.07%

-3.98%

2.8%

3.49%

2.77%

1.41%

(1.82%)
Feb 14 - May 14

10.09%

4.08%

3.36%

5.13%

(9.96%)
Sep 09 - Dec 10

Equity Diversified
Ytd Avg. 2015

3.99%

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

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

$921M
Jul 15

136.25

$2'060M
May 15

1,950.49

30 Sep 10

GAM TALENTUM ENHANCED EUROPE LONG/SHORT - 30 Nov 04


AGianmarco Mondani / Roberto Cantaluppi / Paolo
Longinotti

GLG EUROPEAN EQUITY ALTERNATIVE Class IN EUR


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

358M
Feb 15

137.99

351M
May 15

286.29

$775M
Jun 15

114.01

$770M
Jun 15

132.37

$1'028M
Jun 15

YTD

2014

Ytd Avg. 2015


(0.38%)
31 Jul 15 0.30%
3.51%
3.78%

2013

7.13%

2012

2.92%

Ann. Return

6.38%

Ann. Vol

Max
Drawdown1

5.06%

(4.87%)

24 Jul 15 (3.10%)

(4.28%)

10.4%

9.04%

4.41%

8.83%

6.27%

(14.05%)
Oct 07 - Apr 09

Ytd Avg. 2015


5.98%
05 Aug (0.01%) 7.87%
4.9%
15
31 Jul 15 4.53%

8.74%

3.54%

16.13%

-0.35%

6.19%

5.44%

(13.12%)
Mar 11 - May 12

15.83%

16.66%

10.36%

8.85%

(25.03%)
Jun 08 - Apr 09

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

1,351.31

04 Aug
15

0.56%

30 Jun
15

1.19%

4.84%

-6.26%

7.23%

6.19%

3.25%

5.02%

(10.37%)
Feb 14 - Oct 14

2.46%

9.62%

Ytd Avg. 2015


4.77%
31 Jul 15 5.30%
4.77%
10.09%

12.78%

5.11%

10.32%

3.99%

(1.88%)
Jul 13 - Aug 13

11.25%

4.03%

8.36%

5.11%

(3.30%)
Jun 13 - Aug 13

Multi-Strategy
Ytd Avg. 2015

0.56%

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

31 Dec 95

$1'112M
Jun 15

39.21

31 May 06

$2'623M
Jun 15

5.63%

3.57%

7.22%

5.63%

(15.79%)
Feb 08 - Nov 08

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

Ytd Avg. 2015


0.85%
31 Jul 15 (1.43%) 0.85%
4.12%

232.18

Ytd Avg. 2015


0.26%
31 Jul 15 (0.53%) 0.26%
-2.08%

7.9%

11.37%

9.62%

5.02%

(4.64%)
Feb 14 - Jan 15

Statistical Arbitrage
Ytd Avg. 2015

2.07%

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

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

$874M
Jun 15

242.39

$107M
Mar 15

1,080.11

$870M
Jul 15

289.09

Date

MTD

YTD

2014

Ytd Avg. 2015


2.07%
31 Jul 15 (0.60%) 1.83%
9.83%

2013

4.91%

2012

5.67%

Ann. Return

11.08%

Ann. Vol

7.40%

Max
Drawdown1

(10.48%)
Jul 07 - Aug 07

05 Aug (0.20%)
15
31 Jul 15 1.52%

(4.94%)

3.1%

-5.62%

-10.1%

7.18%

10.20%

(22.98%)
Feb 06 - Aug 07

9.31%

12.14%

13.28%

3.64%

10.72%

4.33%

(11.91%)
Jun 08 - Sep 08

Systematic
Ytd Avg. 2015

7.89%

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

28 Feb 02

$423M
Jul 15

1,686.09

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

31 Jul 02

BLUEMATRIX FUND CLASS -A- USD


Systematica Investments Limited

31 Oct 07

M/Q

$1'204M
Jul 15

2,268.69

$487M
Jun 15

174.81

04 Aug
15

Ytd Avg. 2015


9.31%
0.22%
9.31%
6.55%

20.08%

3.49%

9.97%

8.27%

(14.33%)
Jul 07 - Jan 08

Ytd Avg. 2015


7.18%
31 Jul 15 3.25%
7.42%
-0.67%

8.02%

9.41%

6.50%

7.28%

(25.15%)
Jun 08 - Sep 09

31 Jul 15 3.75%

6.94%

10.4%

12.57%

-2.49%

7.47%

7.00%

(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

48

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

6.52%

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

1,157.71

$133M
Feb 15

38.35

31 Aug 89

$138M
Apr 15

5.56%

5.34%

15.91%

6.03%

(5.77%)
Oct 07 - Dec 07

Merger-Arbitrage/USA
GABELLI ASSOCIATES LIMITED
Mario Gabelli

Ytd Avg. 2015


8.76%
31 Jul 15 1.06%
6.38%
5.91%

625.90

30 Jun
15

2.67%

11.14%

-8.29%

Ytd Avg. 2015


2.05%
31 Jul 15 (0.34%) 2.05%
2.09%

-5.17%

2.36%

7.08%

9.34%

(34.07%)
Oct 07 - Feb 09

3.12%

2.55%

7.33%

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

49

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

2.82%

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

31 Jan 12

$474M
Jun 15

142.48

30 Jun
15

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

31 May 04

$1'683M
Jun 15

3,687.41

30 Jun
15

Ytd Avg. 2015


2.63%
(0.51%) 2.63%
7.89%

20.57%

6.72%

10.93%

3.55%

(0.51%)
May 15 - Jun 15

Ytd Avg. 2015


3.01%
(1.97%) 3.01%
6.16%

19.99%

20.52%

12.49%

9.85%

(30.14%)
Oct 07 - Nov 08

Diversified
Ytd Avg. 2015

4.69%

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

$58M
Jun 15

1,298.74

$1'180M
Jul 15

149.41

$1'055M
May 15

382.45

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%

28.41%

26.00%

(30.13%)
Apr 06 - Mar 07

6.88%

29.88%

7.63%

24.49%

17.21%

(10.18%)

24 Jul 15 0.68%

31.13%

34.88%

-1.68%

4.81%

19.16%

10.08%

(10.16%)
May 13 - Mar 14

1,931.59

Ytd Avg. 2015


(0.17%)
15 Jul 15 3.95% (0.17%)
-3.35%

3.37%

20.69%

20.26%

11.69%

(33.11%)
May 08 - Feb 09

Diversified/Global
AHL DIMENSION
Tim Wong, Nick Granger

31 Jul 15 (6.33%)

12.82%

May 15 - Jul 15

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

30 Jun
15

Ytd Avg. 2015


13.51%
0.93%
2.51%
-12.87%

$3'600M
Jun 15

1.03

$7'500M
Jun 15

212.81

4'421M
Jun 15

174.07

$3'900M
Jun 15

157.39

Ytd Avg. 2015


4.21%
31 Jul 15 4.77%
4.61%
16.33%

2.64%

2.6%

6.29%

9.15%

(10.63%)
Dec 08 - Jan 10

31 Jul 15 1.74%

2.46%

6.27%

1.53%

5.96%

7.91%

4.47%

(4.51%)
Jun 07 - Aug 07

31 Jul 15 0.01%

4.98%

2.89%

8.58%

5.6%

7.67%

4.13%

(3.99%)
Apr 11 - Sep 11

31 Jul 15 0.59%

7.36%

13.73%

20.85%

12.61%

10.80%

8.30%

(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

50

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 Unres


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

M
Q
Q/Y

$4'700M
Jun 15

4,036.92

$79M
May 15

347.55

$1'369M
Jun 15

1,531.41

$414M
Jul 15

126.25

$4'500M
Jul 15

426.77

618M
Feb 15

19.44

$3'243M
Jun 15

131.77

$1'705M
Apr 15

1,562.69

$3'586M
May 15

5,046.81

$1'652M
Jun 15

1,746.63

$3'134M
Apr 15

467.00

$687M
Jun 15

890.46

$1'348M
Dec 14

176.22

$941M
Jan 15

100,561.45

$4'253M
Aug 15

1,969.32

Date

MTD

YTD

2014

Ytd Avg. 2015


4.21%
31 Jul 15 0.28%
2.99%
7.2%

2013

12.94%

2012

4.84%

Ann. Return

12.80%

Ann. Vol

Max
Drawdown1

8.16%

(12.51%)
Jun 04 - Aug 04

31 Jul 15 (0.15%)

2.26%

4.91%

6.18%

10.23%

6.56%

3.97%

(18.64%)
Aug 08 - Dec 08

30 Jun
15

(1.34%)

03 Aug
15

0.24%

(2.01%)

2.07%

7.04%

7.86%

4.28%

5.21%

(13.96%)
Jun 08 - Dec 08

1.14%

-5.21%

7.19%

3.74%

3.60%

8.10%

(13.18%)
Feb 14 - Jun 15

31 Jul 15 1.23%

(1.55%)

0.1%

-1.56%

5.82%

10.39%

5.66%

(7.92%)
Apr 13 - Mar 15

05 Aug
15

0.10%

30 Jun
15

(1.48%)

8.82%

7.02%

13.46%

9.45%

7.10%

6.73%

(20.69%)
May 07 - Sep 08

31 Jul 15 1.80%

1.10%

1.13%

0.91%

4.61%

3.83%

4.47%

(6.29%)
Feb 08 - Sep 08

7.89%

1.86%

15.02%

3.57%

7.40%

7.23%

(6.56%)
Apr 11 - Nov 11

31 Jul 15 0.45%

5.21%

3.12%

15.97%

35.87%

17.56%

13.01%

(24.58%)
Apr 11 - Sep 11

31 Jul 15 (0.18%)

2.77%

1.18%

5.99%

11.4%

6.84%

6.22%

(14.78%)
Jun 08 - Dec 08

31 Jul 15 (0.30%)

2.28%

4.62%

7.91%

12.04%

9.29%

5.16%

(17.93%)
Aug 08 - Dec 08

31 Jul 15 (0.79%)

3.06%

-7.43%

10.3%

18.4%

13.24%

14.31%

(54.03%)
Nov 07 - Dec 08

31 Jul 15 (4.27%)

(1.26%)

-2.88%

7.4%

11.24%

5.20%

5.65%

(15.01%)
Oct 07 - Dec 08

31 Jul 15 (0.79%)

6.87%

6.16%

6.5%

9.79%

10.59%

6.85%

(30.04%)
Jun 08 - Nov 08

31 Jul 15 (0.09%)

0.82%

9.69%

19.38%

11.06%

10.03%

5.94%

(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

51

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

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 CLASS MUS D140 USD


Neil Mason and David Kingsley

31 May 12

MAN GLG MULTI-STRATEGY FUND CLASS G USD


Neil Mason and David Kingsley

31 Dec 02

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
D
M
Q
Q/Y
Q
Q

Q/Y
M

M
Q

$525M
Jun 15

252.77

$458M
Jun 15

163.63

$875M
Jun 15

359.33

$714M
Jun 15

237.10

$232M
Jun 15

109.56

$122M
Jun 15

108.69

$30'210M
Jun 15

3,177.25

$1'649M
Jun 15

293.11

$4'843M
Jun 15

3,811.03

$802M
Jun 15

7,602.85

$1'875M
Jul 15

2,436.55

$1'451M
May 15

120.02

$214M
Jun 15

2,520.16

$1'218M
Apr 15

336.31

$352M
Jul 15

184.68

31 Oct 04

$223M
Jun 15

MTD

YTD

2014

Ytd Avg. 2015


4.21%
31 Jul 15 (0.11%) 8.64%
2.01%

2013

47.8%

2012

15.5%

Ann. Return

11.88%

Ann. Vol

Max
Drawdown1

14.92%

(35.04%)
Apr 10 - Jun 12

30 Jun (10.54%)
15

4.08%

30 Jun
15

3.97%

(1.10%)

-3.04%

43.03%

11.8%

6.03%

17.54%

(40.20%)
Feb 08 - Jan 09

12.43%

16%

4.11%

11.16%

9.22%

(24.60%)
Feb 08 - Dec 08

31 Jul 15 3.20%

7.83%

2.22%

10.04%

8.09%

17.00%

9.58%

(9.53%)
Apr 10 - May 10

31 Jul 15 0.15%

3.98%

-0.97%

4.73%

1%

2.73%

3.29%

(4.70%)
Feb 14 - Jul 14

31 Jul 15 0.30%

4.40%

-0.92%

5.08%

4.98%

4.60%

7.09%

(30.54%)
Oct 07 - Dec 08

31 Jul 15 2.00%

9.32%

12%

13.27%

6.32%

14.45%

4.35%

(7.24%)
May 98 - Aug 98

30 Jun
15

0.10%

6.42%

5.06%

16.02%

8.43%

8.98%

4.90%

(6.83%)
Jul 11 - Dec 11

31 Jul 15 (1.57%)

2.50%

4.57%

9.58%

21.75%

10.69%

10.03%

(29.16%)
Jun 08 - Dec 08

30 Jun
15

1.23%

31 Jul 15 (0.39%)

7.15%

10.76%

7.12%

11.58%

17.61%

5.45%

(4.44%)
Aug 08 - Oct 08

6.40%

-2.3%

1.39%

14.69%

7.87%

9.18%

(40.35%)
Feb 08 - Dec 08

31 Jul 15 6.80%

2.99%

10.78%

6.53%

-1.26%

5.48%

10.32%

(8.76%)
Mar 13 - Sep 13

31 Jul 15 3.93%

6.28%

14.58%

1.82%

-2.89%

8.24%

5.92%

(10.52%)
Feb 12 - Sep 13

31 Jul 15 1.40%

7.38%

0.79%

16.99%

19.52%

21.09%

9.63%

(7.80%)
Apr 10 - Jun 10

31 Jul 15 0.39%

2.01%

0%

14.5%

1.75%

7.19%

6.37%

(17.75%)
Jun 08 - Dec 08

Diversified/Japan
LIM JAPAN FUND
George Long

Date

209.04

Ytd Avg. 2015


(0.65%)
31 Jul 15 (0.31%) (0.65%)
5.85%

11.39%

5.62%

7.10%

5.60%

(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

52

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

5.15%

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

PIMCO MULTI-ASSET VOLATILITY FUND LTD


Josh Thimons

31 Jul 11

Q
M
M

$498M
Jun 15

2,335.27

$253M
Jun 15

232.55

$777M
Jun 15

136.67

Ytd Avg. 2015


5.15%
24 Jul 15 2.00%
4.76%
0.36%

7.56%

12.24%

9.44%

6.39%

(9.57%)
Sep 08 - Feb 09

31 Jul 15 3.07%

5.45%

-4.16%

0.53%

24.85%

10.44%

9.37%

(15.42%)
Mar 10 - Jun 10

30 Jun
15

(0.15%)

5.24%

1.39%

-6.17%

13.41%

8.30%

7.08%

(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

53

This document is provided to you by HSBC Private Bank, a division of HSBC Bank USA, N.A. (the Bank), for informational purposes and is not a
recommendation, offer or solicitation to purchase or sell any product, security, commodity, currency or other instrument. This document does not consider
your specific objectives, circumstances or needs, does not provide legal or tax advice, and does not identify or define all the risks that may be associated
with investing in hedge funds or any investment. Prior to making an investment decision, you should consult with your own legal, financial, tax, accounting
and other professionals regarding the appropriateness of investing in any product, security, commodity, currency or other instrument. No person is
authorized to use this document for any purpose other than the purpose stated above.
The information contained in this document is derived from a variety of sources we believe to be reliable; however, we cannot guarantee its accuracy or
completeness, nor shall we be liable for any incidental or consequential losses or damages including, but not limited to, errors (including errors of
transmission), inaccuracies, omissions, changes in market factors or conditions, or any other circumstances beyond our control. The information, analysis
and opinions contained herein constitute our present judgment, which is subject to change at any time without notice. The information contained herein is
confidential and intended solely for the use of the client or prospective client to whom it has been delivered. It is not to be produced or distributed to any
other person except to the clients professional advisors. Third party information obtained in this document may have been obtained from various
published and unpublished sources. Past performance is not a reliable indicator of future results.
In the United States, HSBC Private Bank offers banking services through HSBC Bank USA, N.A., member FDIC, and HSBC Private Bank International,
and provides securities and brokerage services through HSBC Securities (USA) Inc.
Where this document is distributed by HSBC Securities USA Inc. please note that alternative investments are generally intended
for experienced and financially sophisticated investors who are willing to bear the risks associated with such investments, which can include:
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Increase risk of loss due to leveraging;
short-selling, or other speculative investment practices;
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volatility of returns;
prohibitions and/or material restrictions on transferring interests in the fund;
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delays in tax reporting;
less regulation and higher fees than mutual funds;
key man and advisor risk;
limited or no transparency to underlying investments;
and limited or no regulatory oversight.
HSBC Securities USA Inc. has not undertaken the verification of this document, and make no express or implied representation about the accuracy, completeness, sufficiency, value or
quality if the materials of the securities and shall have no direct or indirect liability therefore.
Securities and funds are provided by Registered Representatives of HSBC Securities (USA) Inc., member NYSE/FINRA/SIPC, a registered Futures
Commission Merchant, a wholly owned subsidiary of HSBC Markets (USA) Inc. and an indirectly wholly owned subsidiary of HSBC Holdings plc.
Funds and other securities are not FDIC insured nor insured by any other government agency, are not deposits or other obligations of HSBC
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