HSBC - 8-12-2016

Hedge Weekly N33
Investment Funds Performance Review
HSBC Alternative Investment Group

Week of Monday 08 Aug to Friday 12 Aug 2016
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
60
Past performance is not a reliable indicator of future performance.
Convertible Arbitrage
Convertible
12
Credit Long/Short
Credit
Fixed Income
13
18
20
Equity Long/Short
Equity-Commodity
Equity-Diversified
Equity-Energy
Equity-Financial
Equity-Healthcare
Equity-Mid-Small Cap
Equity-Pharma-Biotech
Equity-Technology
Equity-Utility
21
21
30
30
31
31
32
32
32
Event Driven
Equity-Diversified
Merger-Arbitrage
Multi-Strategy
Currency
Systematic
46
49
Market Neutral
Discretionary
Diversified
Equity Diversified
Multi-Strategy
Statistical Arbitrage
Systematic
50
51
51
52
52
53
Merger Arbitrage
Merger-Arbitrage
54
Multi-Strategy
33
33
33
Fixed Income Arbitrage

Fixed Income
40
40
40
41
45
45
Managed Futures
Distressed
Distressed Security
Commodity
Commodity-Systematic
Currency
Diversified
Fixed Income
Systematic
36
Credit
Diversified
55
55
Volatility Arbitrage
Arbitrage
59
Fund of Funds
Arbitrage
Event Driven
Macro
Multi-Strategy
Trading
37
37
37
38
38
Long Only
Equity-Diversified
39
Macro
Source - HSBC
4
400 CAPITAL CREDIT OPPORTUNITI
17
ANDURAND COMMODITIES FUND
40
BLACKROCK CAPITAL STRUCTURE IN
56
CANTAB CAPITAL PARTNERS QUANTI
47
ANTARES EUROPEAN FUND, LTD - U
22
BLACKROCK EUROPEAN DIVERSIFIED
51
CANYON BALANCED FUND LTD
55
APERIOS EMERGING CONNECTIVITY
22
BLACKROCK FIXED INCOME GLOBAL
36
CANYON VALUE REALIZATION FD, L
19
AQUILUS INFLECTION FUND LTD E
23
BLACKROCK OBSIDIAN FUND
36
CAPEVIEW AZRI 2X FUND
23
ARCTIC BLUE
40
BLACKROCK PAN ASIA OPPORTUNITI
51
CAPEVIEW AZRI FUND
23
ARCTIC BLUE CAPITAL 3X
40
BLACKROCK UK EQUITY HEDGE FUND
28
CAPEVIEW RECOVERY FUND
14
A.R.T. INTERNATIONAL INVESTOR
52
ARISTEIA INTERNATIONAL LTD
15
BLUEBAY CREDIT ALPHA LONG SHOR
15
CAPITAL FOUR CREDIT OPPORTUNIT
14
AAM ABSOLUTE RETURN FUND
25
ARROWGRASS MASTER FUND
55
BLUEBAY EMERGING MARKET CORPOR 13
CAPULA GLOBAL RELATIVE VALUE F
36
ABACO FINANCIALS FUND
30
ASCEND PARTNERS FUND II LTD -
28
BLUEBAY EMERGING MARKET OPPORT
13
CASSIOPEIA FUND CLASS C
59
ABRAX MERGER ARBITRAGE S.G. FU
54
ASGARD FIXED INCOME FUND LTD
15
BLUEBAY EVENT DRIVEN CREDIT FU
19
CAXTON GLOBAL INVESTMENT LTD
42
ABSOLUTE INSIGHT CREDIT FUND B
13
ASPECT DIVERSIFIED FUND - CLAS
46
BLUEMATRIX FUND CLASS -A- USD
53
CCI HEALTHCARE PARTNERS LTD
30
ABSOLUTE INSIGHT EMERGING MARK
13
ATLAS ENHANCED FUND LTD
55
BLUEMOUNTAIN CREDIT ALTERNATIV
15
CCI MICRO HEALTHCARE PARTNERS
30
ABSOLUTE INSIGHT UK EQUITY MKT
50
ATLAS FUNDAMENTAL TRADING FUND
25
BLUEMOUNTAIN EQUITY ALTERNATIV
59
CERBERUS INTL. LTD CLASS A A/
19
ADELPHI EUR. FUND $ (A)
22
ATLAS GLOBAL INVESTMENTS LTD U
56
BLUEMOUNTAIN LONG SHORT EQUITY
25
CFM ISDIVERSIFIED FUND LP
56
ADRIGO HEDGE
22
ATREAUS OVERSEAS FUND LTD
42
BLUETREND FUND, LTD -USD- CLAS
46
CHENAVARI CORPORATE CREDIT STR
15
ADVENT GLOBAL PARTNERS
12
AVIVA INVESTOR MULTI-STRATEGY
42
BNY MELLON ARX BRAZIL FUND SPC
22
CHENAVARI MULTI STRATEGY CREDI
55
AG MORTGAGE VALUE PARTNERS LTD
15
AXONIC CREDIT OPPORTUNITIES OV
15
BORONIA DIVERSIFIED FUND MASTE
47
CHENAVARI TORO LIMITED
14
AG SUPER FUND INTERNATIONAL, L
33
AXONIC SYSTEMATIC ARBITRAGE OV
36
BOUSSARD & GAVAUDAN HOLDING LT
56
CLAREANT GLOBAL SPECIAL SITUAT
15
AHL EVOLUTION
46
BREVAN HOWARD ASIA FUND LIMITE
41
CLAREANT STRUCTURED CREDIT OPP
15
AHL ALPHA
46
BREVAN HOWARD FUND, LTD - USD
42
CLAREANT STRUCTURED CREDIT OPP
15
AHL DIMENSION
55
BREVAN HOWARD M/S FUND, LTD
56
COASTLAND DIRECT YIELD FUND
18
AHL DIVERSIFIED
46
BRIGADE LEVERAGED CAPITAL STRU
17
COBALT OFFSHORE LTD
28
AJR INTERNATIONAL (BVI), INC.
28
BRUMMER MULTISTRATEGY 2XL, LTD
56
COHERENCE CAPITAL SPECTRUM FUN
15
AKAMATSU FUND
27
BTG PACTUAL GLOBAL EM. MKTS AN
42
COMMONWEALTH OPPORTUNITY CAYMA 42
ALLIANCEBERNSTEIN SELECT US EQ
28
ALPHADYNE INVESTMENT STRATEGIE
41
ALPHAGEN OCTANIS CLASS A
28
ALPHAGEN VOLANTIS FUND, LTD -
31
ALTIS GLOBAL TREND PORTFOLIO
46
AMAZON MARKET NEUTRAL FUND CLA
50
ANAVON MASTER FUND LTD CLASS -
25
ANDALUSIAN CORPORATE OPPORTUNI
33
B
BAF LATAM TRADE FINANCE FUND
13
BASSO INVESTORS LTD
12
BAY RESOURCES PARTNERS OFFSHOR 28

BCM WESTON LP (BILLINGS CAPITA
28
BEACH POINT TOTAL RETURN OFFSH
17
BG UMBRELLA FUND PLC
34
BH-DG SYSTEMATIC TRADING FUND
46
CAIRN SPECIAL OPPORTUNITIES CR
14
BLACK DIAMOND RELATIVE VALUE L
50
CAIRN STRATA CREDIT FUND
55
BLACK DIAMOND, LTD - CLASS B (
56
CAMPBELL GLOBAL ASSETS FUND LT
47
BLACKROCK EOS CLASS B USD COM
53
CAMPBELL GLOBAL ASSETS FUND LT
47
BLACKROCK MULTI-STRATEGY FUND
56
CANDLEWOOD SPECIAL SITUATIONS
19
BLACKROCK 32 CAPITAL MASTER FU

Source - HSBC
53
CANDLEWOOD STRUCTURED CREDIT H 15
CONQUEST MACRO FUND, LTD (COMP
47
CONTRARIAN CAPITAL FUND I OFFS
19
CONTRARIAN EMERGING MARKETS OF
13
COOPER CREEK PARTNERS LLC
31
COVALIS CAPITAL CLASS B
23
CQS ABS FEEDER FUND - CLASS -B
15
CQS DIRECTIONAL OPP. FEEDER FU
56
CQS DIVERSIFIED FUND (SPC) LTD
56
CQS GLOBAL CONVERTIBLE ARBITRA
12
ECOFIN VISTA LONG SHORT FUND
25
GAVEA FUND LTD . CLASS A S/1
41
HARMONIC ALPHA PLUS MACRO FUN
43
CRABEL FUND SPC LTD CLASS A
47
EIFFEL CREDIT OPPORTUNITIES FU
14
GEMS PROGR. FUND SICAV RECOVER
37
HARNESS MACRO CURRENCY FUND
41
CYGNUS EUROPA EVENT DRIVEN FUN
33
ELECTRON GLOBAL FUND, L.P.
32
GEMSSTOCK FUND - B1 USD
43
HARVEY PARTNERS LLC
31
CYGNUS UTILITIES, INFRASTRUCTU
32
ELEMENT CAPITAL FUND
42
GIM PORTFOLIO STRATEGIES Eur
23
HIGHBRIDGE CAPITAL CORPORATION
57
ELLINGTON CREDIT OPPORTUNITIES
16
GLADE BROOK GLOBAL OFFSHORE FU
26
HIGHER MOMENT AURORA FUND LP
45
ELLINGTON MORTGAGE OPPORTUNITI
16
GLAZER ENHANCED OFFSHORE FUND
54
HIGHER MOMENT CAPITAL OPPORTUN
45
ELM RIDGE CAPITAL PARTNERS L.P
28
GLENVIEW CAPITAL PARTNERS (CAY
29
HINOKI FUND LP
29
EPISODE INC. CLASS A
42
GLG CROSS ASSET VALUE OFFSHORE
14
HORSEMAN GLOBAL FUND USD
26
EQUILIBRIA JAPAN FUND LTD 1X U
50
GLG EUROPEAN EQUITY ALTERNATIV
51
HSBC CREDIT MARKET OPPORTUNITI
37
EQUILIBRIA JAPAN FUND LTD 2X (
50
GLG EUROPEAN LONG SHORT FUND C
23
HSBC GH FUND USD
38
EXANE ARCHIMEDES FUND CLASS A
32
GLG MARKET NEUTRAL FUND - CLAS
56
HSBC LEVERAGED GH FUND
38
EXANE TEMPLIERS FUND
25
GOLDEN CHINA FUND NR CLASS
21
HSBC MAA FUND USD
37
GRAHAM ABSOLUTE RETURN TRADING
43
HSBC SPECIAL OPPORTUNITIES FUN
37
GRAHAM GIF II PROPRIETARY MATR
48
HSBC TRADING ADVANTEDGE FUND
38
GRAHAM GLOBAL INVESTMENT FUND
43
HSBC UCITS ADVANTEDGE FUND - U
38
48
HUDSON BAY INTERNATIONAL FUND
52
48
HUTCHIN HILL DIVERSIFIED ALPHA
57
48
GRAHAM GLOBAL INVESTMENT FUND-
43
GRANADA EUROPE FUND LTD
23
GRATICULE ASIA MACRO FUND
41
GREEN FUND LLC - CLASS I
41
GREENLIGHT CAPITAL OFFSHORE, L
29
GREYWOLF CAPITAL OVERSEAS FUND
34
GSA INTERNATIONAL FUND - CLASS
52
GSA TREND FUND
48
D
DACHARAN EQUITY FUND
53
DACHARAN HIGH EXPOSURE
46
DAVIDSON KEMPNER DIST. OPP. IN
19
DAVIDSON KEMPNER INTL, LTD - C
34
DB PLATINUM IV DBX SYSTEMATIC
47
DB PLATINUM IV MW HELIUM
47
DIAMOND NEUTRAL FUND CLASS A1
37
DISCUS FEEDER LTD CL. B USD ST
47
DORSET ENERGY FUND, LTD - CLAS
30
FARRINGDON ALPHA ONE
25
DOUBLE BLACK DIAMOND LTD - SER
56
FINISTERRE CREDIT FUND
13
DROMEUS GLOBAL OPPORTUNITIES F
34
FINISTERRE GLOBAL OPPORTUNITY
41
DUET EM FRONTIER FUND
22
FIREBIRD NEW RUSSIA FUND, LTD
28
DUET GLOBAL PLUS FUND
25
FIREBIRD REPUBLICS FUND, LTD
22
DUNN WMA FUND SA
47
FJ CAPITAL FINANCIAL OPPORTUNI
29
DUNN WMA INSTITUTIONAL UCITS F
47
FLORIN COURT CAPITAL
47
DW CATALYST OFFSHORE FUND -A -
16
FORT GLOBAL CONTRARIAN
47
DW VALUE OFFSHORE FUND LTD
16
FORT GLOBAL DIVERSIFIED
48
DWC CROSS COMMS
56
DYMON ASIA MACRO FUND (SERIES
40
G
GABELLI ASSOCIATES LIMITED
54
GAM DIVERSITY I INC - US$ CLAS
38
EAGLE GLOBAL
47
GAM GLOBAL RATES HEDGE FUND
43
EAGLE QUANTITATIVE MACRO
45
GAM TALENTUM ENHANCED EUROPE L
51
ECF VALUE FUND INTERNATIONAL L
34
GAM TRADING II USD
38
ECLECTICA FUND CLASS A EURO (T
42
GAMUT INVESTMENTS
43
H
HABROK LTD
26
HALCYON OFF. ASSET-BACKED VALU
20
HALCYON PARTNERS OFFSHORE FUND 57

HARBOUR HOLDINGS LTD

Source - HSBC
I
III FUND LTD
36
III RELATIVE VALUE CREDIT STRA
16
III SELECT CREDIT FUND LTD CLA
16
IP ALL SEASONS ASIAN CREDIT FU
13
IPM SYSTEMATIC CURRENCY FUND
45
IPM SYSTEMATIC MACRO FUND
45
ISAM SYSTEMATIC TREND FUND CLA
48
IVORY CAPITAL FLAGSHIP STRATEG
29
IVORY OPTIMAL FUND LTD
29
J
JABCAP EMEA FUND CLASS X1
22
31
JABCAP GLOBAL BALANCED FUND LT
57
LNG EUROPA CREDIT FUND
14
MERRICKS CAPITAL SOFT COMMODIT
40
JABCAP GLOBAL CONVERTIBLE FUND
12
LONDON SELECT FUND LIMITED
43
MIDOCEAN ABSOLUTE RETURN CREDI
18
JABCAP MULTI STRATEGY FUND LTD
57
LOOMIS SAYLES CREDIT LONG SHOR
16
MIDOCEAN CREDIT OPPORTUNITY FU
18
JENOP GLOBAL HEALTHCARE FUND L
31
LOREM IPSUM MASTER FUND LP
26
MILLBURN COMMODITY PROGRAM
40
JPMORGAN INVESTMENT GLOBAL MAC
43
LTS GLOBAL EMERGING MARKETS FU
13
MILLBURN DIVERSIFIED PROGRAM
48
LUCERNE CAPITAL FUND L.P.
23
MILLENNIUM INTL LTD
57
LYNX (BERMUDA) LTD
48
MITRA CAPITAL MASTER FUND LP
52
LYNX BERMUDA 1.5 LTD
48
MKP ENHANCED OPPORTUNITY OFFSH
43
MKP OPPORTUNITY OFFSHORE, LTD
43
MLIS - BEACH POINT DIVERSIFIED
16
MLIS - CCI HEALTHCARE LONG SHO
31
MLIS - MARSHALL W. TOPS UCITS
50
MLIS - OZ EUROPE UCITS FUND CL
33
MLIS - THEOREMA EUROPEAN EQUIT
24
MLM MACRO PEAK PARTNERS OFFSH
43
MOAB PARTNERS OFFSHORE FUND LT
34
MOJNA ALPHA LEVERAGED MASTER F
24
MONARCH DEBT RECOVERY FUND LTD
19
MONEDA LATIN AMERICAN CORPORAT
13
MOORE GLOBAL INV FD, LTD - A $
44
MOORE MACRO MANAGERS FUND, LTD
44
MS ASCEND UCITS FUND CLASS I E
26
MUDRICK DISTRESSED OPPORTUNITY
19
K
KEYNES LEVERAGED QUANTITATIVE
48
KEYNES MULTI ASSET VALUE FUND
48
KG INVESTMENT FUND LLC
34
KINGDON CREDIT LTD A1/1
16
M
M. KINGDON OFFSHORE NV - A/1
26
KINSALE COMPASS FUND
26
MACQUARIE ASIAN ALPHA FUND
51
KITE LAKE (KL) SPECIAL OPPORTU
34
MACQUARIE EUROPEAN ALPHA FUND
52
KLS DIVERSIFIED FUND LTD

KO-ZHOU FUNDAMENTAL FX FUND
18
41
L
L1 CAPITAL LONG SHORT FUND
22
LANSDOWNE DEVELOPED MARKET FUN 26

LANSDOWNE EUROPEAN EQUITY FD,
23
LAZARD GLOBAL HEXAGON FUND
26
LAZARD RATHMORE FUND - CLASS A
12
LC EQUITY FUND LTD
23
LEGG MASON MARTIN CURRIE EUROP
23
LIGHTHORSE CHINA GROWTH FUND L
21
LIM ASIA MULTI-STRATEGY FUND C
52
LIM JAPAN FUND
58
LINDEN INTERNATIONAL LTD
57
LION FUND, LTD (THE)
54
LMR ALPHA RATES TRADING FUND,
36
LMR FUND LTD
57
MADRAGUE EQUITY LONG SHORT

MAN AHL CURRENCY FUND DN USD
46
MAN GLG MULTI-STRATEGY CLASS M
57
MAN GLG MULTI-STRATEGY FUND CL
57
MARATHON VERTEX JAPAN FUND LTD
27
MARCATO INTERNATIONAL LTD
33
MARINUS OPPORTUNITIES FUND
18
MARKHAM RAE I SUB FUND
45
MARLIN FUND LP
29
MARSHALL WACE - EUROPA FUND A
23
MARSHALL WACE - MW TOPS FUND
24
MARSHALL WACE - MW EUREKA A1 E
26
MARSHALL WACE - MW GLOBAL FINA
30
NAPIER PARK ABS INCOME FUND LP
18
MARSHALL WACE - MW GLOBAL OPPO
26
NAPIER PARK EUROPEAN CREDIT OP
14
MARSHALL WACE - MW MARKET NEUT
50
NEUBERGER BERMAN US LONG SHORT 29
MASTERS FUND LTD MAGNOLIA SERI
37
NEZU CYCLICALS FUND LTD
21
MAVERICK FUND LTD - CLASS A/1
26
NORDIC ALPHA CLASS B - NOK
24
MELLON OFF GLOB OPP FUND LTD -
43
NORTHLIGHT EUROPEAN FUNDAMENTA 14
MERCHANT COMMODITY FUND (THE)
40
NUMEN CREDIT OPPORTUNITIES FUN

Source - HSBC
23
O
OBSERVATORY CREDIT MARKETS FUN
14
OCCO EASTERN EUROPEAN FUND A S
22
OCEANIC HEDGE FUND - CLASS A
21
OCP DEBT OPPORTUNITY INTERNATI
19
OCTAGON HIGH INCOME FUND
18
OCTAGON PAN ASIA FUND
21
ODEY EUROPEAN, INC (EUR)
24
OKUMUS OPPORTUNISTIC VALUE FUN
29
OMEGA OVERSEAS PARTNERS LTD CL
29
OMNI EVENT FUND LIMITED
34
ONE WILLIAM STREET CAPITAL FUN
16
ONSLOW MACRO FUND CLASS A
44
ORTUS AGGRESSIVE FUND (CAYMAN)
46
ORTUS FUND (CAYMAN) LTD
46
OWL CREEK OVERSEAS FUND, LTD
34
OWS CREDIT OPPORTUNITY FUND
19
OYSTER MARKET NEUTRAL EUR
50
P
PALOMA INTERNATIONAL LTD CLASS
57
PAMPLONA CREDIT OPPORTUNITIES
14
PARUS FUND PLC USD CLASS
26
PASSPORT GLOBAL STRATEGY FUND
26
PASSPORT LONG SHORT STRATEGY F
27
PASSPORT SPECIAL OPPORTUNITIES
27
PEGASUS FUND LIMITED SHARES A-
28
PELAGUS CAPITAL FUND
36
PELHAM LONG/SHORT FUND LTD CLA
24
PELHAM LONG/SHORT SMALL CAP FU
31
55
PENSATO EUROPA FUND LTD EURO C
24
PERCEPTIVE LIFE SCIENCES OFFSH
32
PERSHING SQUARE INTL.LTD
34
PHALANX JAPAN AUSTRALASIA MULT
55
PHARO GAIA FUND, LTD
42
PHARO MACRO FUND, LTD
44
PHARO TRADING FUND, LTD
42
PIMCO ABSOLUTE RETURN STRATEGY
44
PIMCO GLOBAL CREDIT OPPORTUNIT
16
PIMCO MULTI-ASSET VOLATILITY F
59
PIMCO TACTICAL OPPORTUNITIES F
16
PINE RIVER CONVERTIBLES FUND
12
PINE RIVER FUND CLASS -B1- SHA
57
PINE RIVER LIQUID RATES FUND
36
PINPOINT CHINA FUND CLASS A US
21
R
RBR EUROPEAN LONG SHORT LTD (E
24
REAL RETURN ASIAN FUND LTD (TH
21
REDWOOD OFFSHORE FUND
20
RENAISSANCE INSTITUTIONAL DIVE
51
RENAISSANCE INSTITUTIONAL EQUI
29
RESIDENTIAL REAL ESTATE TOTAL
17
ROY G. NIEDERHOFFER DIVERSIFIE
49
RP DEBT OPPORTUNITIES FUND
17
RP SELECT OPPORTUNITIES FUND
17
RUBICON GLOBAL FUND, LTD
44
RUSSIAN PROSPERITY FUND - A
39
RV CAPITAL ASIA OPPORTUNITY FU
41
RWC ASIA ABSOLUTE ALPHA FUND -
27
RWC ASIA OPPORTUNITY FUND
21
SENVEST PARTNERS, LTD - CLASS
31
TILDEN PARK OFFSHORE INVESTMEN
18
SERONE KEY OPPORTUNITIES FUND
14
TONGA PARTNERS LP
31
SFP VALUE REALIZATION FUND
27
TOSCA CLASS A - USD
30
SIERRA EUROPE OFFSHORE, LTD -
24
TRADELINK INTEGRATED PROGRAM L
49
SINFONIETTA FUND
41
TRIAN PARTNERS LTD
34
SIVIK GLOBAL HEALTHCARE OFFSHO
32
TRIAS L/S FUND
24
SMN DIVERSIFIED FUTURES FUND
49
TRICADIA CREDIT STRATEGIES, LT
17
SOLAISE SYSTEMATIC FUND LTD (
49
TRISHIELD SPECIAL SITUATIONS F
35
SOLUS SOLA LTD CL. I
34
TRISTAN PARTNERS LP
31
SOUND POINT BEACON OFFSHORE FU
20
TRIUM BLACKWALL EUROPE L/S FUN
25
SPF CREDIT SUISSE SECURITIZED
17
TT INTERNATIONAL FUND
44
SPINNAKER GLOB OPP FUND, LTD C
42
TT LONG/SHORT FOCUS FUND
25
SPINNAKER GLOBAL EMERGING MARK
55
TT MID-CAP EUROPE LONG/SHORT F
25
SR GLOBAL FUND (Class N) Emerg
22
TUDOR B.V.I GLOBAL FUND LTD -A
44
SR GLOBAL FUND C - INTERNATION
27
TUDOR BVI GLOBAL FUND LTD CLAS
44
SR GLOBAL FUND H - JAPAN (Real
27
TUDOR DISCRETIONARY MACRO FUND
44
SR GLOBAL FUND INC - G - GLOBA
27
TULIP TREND FUND, LTD - A
49
SR PHOENICIA INC CLASS -A- SER
27
TWO SIGMA ABSOLUTE RETURN CAYM
52
PINPOINT MULTI-STRATEGY FUND
44
PLATINUM FUND LTD
27
PLATINUM PARTNERS VALUE ARBITR
58
POLAR CAPITAL EUROPEAN CONVICT
24
STANDARD LIFE GLOBAL FOCUSED S
44
TWO SIGMA COMPASS CAYMAN FUND
49
POLAR CAPITAL EUROPEAN FORAGER
31
STK CAPITAL GLOBAL EQUITIES
27
TYRUS CAPITAL EVENT FUND LTD
35
PORTLAND HILL OVERSEAS FUND LT
33
RWC SAMSARA FUND CLASS A EURO
24
RWC US ABSOLUTE ALPHA FUND - C
29
STRATEGIC VALUE RESTRUCTURING
20
17
STRATUS FUND LIMITED CLASS B
58
SUSA EUROPEAN EQUITIES FUND CL
24
POTOMAC RIVER CAPITAL MASTER F
44
SABA CAPITAL OFFSHORE FUND LTD
PROLOGUE FEEDER FUND, LTD. CLA
36
SAGIL LATIN AMERICAN OPPORTUNI
22
PSAM REBOUND PORTFOLIO FUND LT
19
SALAR CONVERTIBLE ABSOLUTE RET
12
PSAM WORLDARB MASTER FUND LTD
34
SANCTUM FIXED INCOME FUND
36
PWP GLOBAL MACRO FUND
44
SANDLER PLUS OFFSHORE FUND LTD
29
SCHRODER CAZENOVE UK ABSOLUTE
51
SCHRODER ISF EMERGING MARKET D
13
SEER CAPITAL PARTNERS OFFSHORE
17
Q
QMS DIVERSIFIED GLOBAL MACRO
49
QUAM CHINA FOCUS SEGREGATED PO
21
QUANTEDGE GLOBAL FUND
45
QVT OFFSHORE LTD CLASS 1-NR
58
SEGANTII ASIA-PACIFIC EQUITY M
55
SELIGMAN TECH SPECTRUM FUND CL
32
SEMINOLE OFFSHORE FUND
30

Source - HSBC
U
UMJ KOTOSHIRO FUND
27
TELLIGENT GREATER CHINA FUND
21
TEWKSBURY INVESTMENT FUND, LTD
49
THE CAMBRIDGE STRATEGY - ASIAN
40
THE CAMBRIDGE STRATEGY - EMERG
41
THREADNEEDLE UK ABSOLUTE ALPHA
28
TIG ARBITRAGE ENHANCED FUND
33
TIG SECURITIZED ASSET FUND LTD
17
VARDEN PACIFIC OPPORTUNITY OFF
17
VERITION MULTI-STRATEGY FUND C
58
VISIUM BALANCED OFFSHORE FUND
32
VISIUM GLOBAL OFFSHORE FUND LT
58
VR GLOBAL OFFSHORE FUND LTD
20
W
WEISS MULTI-STRATEGY PARTNERS
58
WELLINGTON MANAGEMENT INV BERM
30
WELTON GLOBAL DIRECTIONAL PORT
49
WF ASIA FUND LTD Class A S/1
21
WHITE SQUARE PURE ALPHA FUND
50
WHITEBOX MULTI-STRATEGY FUND
35
WINTON EVOLUTION FUND
49
WINTON FUTURES FUND
49
WYETREE EUROPEAN RECOVERY FUND 14

WYETREE YIELD DISTRIBUTION FUN
18
Z
ZADIG FUND CLASS A1
25
ZEAL CHINA FUND LTD - USD -NI
21
ZWEIG-DIMENNA INTL LIMITED - C
30

Source - HSBC
Top
Investment Funds
Bottom
Return
Date
Investment Funds
05 Aug 16
-30.23
05 Aug 16
WELLINGTON MANAGEMENT INV BERMUDA LTD BAY

POND A/1 NI
-27.88
30 Jun 16
OKUMUS OPPORTUNISTIC VALUE FUND, LTD CLASS A
-25.36
30 Apr 16
JABCAP GLOBAL BALANCED FUND LTD CLASS D/1 NI
-23.32
31 Jul 16
-21.92
05 Aug 16
JABCAP MULTI STRATEGY FUND LTD CLASS D/1 NI
-20.40
31 Jul 16
ZWEIG-DIMENNA INTL LIMITED - CLASS A
-19.58
30 Jun 16
SR GLOBAL FUND H - JAPAN (Real Perf)
-19.34
05 Aug 16
JENOP GLOBAL HEALTHCARE FUND LTD SERIES A
-18.54
05 Aug 16
-18.29
31 Jul 16
LANSDOWNE EUROPEAN EQUITY FD, LTD - A (EUR)
-17.92
29 Jul 16
-17.27
31 May 16
CCI MICRO HEALTHCARE PARTNERS LTD
-16.15
30 Jun 16
-15.94
05 Aug 16
-15.52
05 Aug 16
ANTARES EUROPEAN FUND, LTD - USD
-15.44
05 Aug 16
TOSCA CLASS A - USD
-15.13
31 Jul 16
DORSET ENERGY FUND, LTD - CLASS A
52.28
44.35
31 Jul 16
32.70
04 Aug 16
MUDRICK DISTRESSED OPPORTUNITY FUND LTD
28.93
05 Aug 16
CONQUEST MACRO FUND, LTD (COMP)
27.26
10 Aug 16
26.48
05 Aug 16
ECF VALUE FUND INTERNATIONAL LTD
25.56
31 Jul 16
23.60
30 Jun 16
HALCYON PARTNERS OFFSHORE FUND LTD
22.22
05 Aug 16
FIREBIRD NEW RUSSIA FUND, LTD - CLASS A
21.51
05 Aug 16
20.94
31 Jul 16
20.09
09 Aug 16
BNY MELLON ARX BRAZIL FUND SPC LONG SHORT
19.48
05 Aug 16
17.34
05 Aug 16
VARDEN PACIFIC OPPORTUNITY OFFSHORE FUND I LTD
17.28
30 Jun 16
WELTON GLOBAL DIRECTIONAL PORTFOLIO
16.82
08 Aug 16
SAGIL LATIN AMERICAN OPPORTUNITIES FUND CLASS

A
16.67
31 Jul 16
Return
Date
IPM SYSTEMATIC CURRENCY FUND
15.89
31 Jul 16
-14.86
05 Aug 16
BRIGADE LEVERAGED CAPITAL STRUCTURES FUND

LTD
15.87
05 Aug 16
BLACKROCK CAPITAL STRUCTURE INVESTMENTS FUND

LTD
-14.86
30 Jun 16
RENAISSANCE INSTITUTIONAL EQUITIES LP (B)
15.38
05 Aug 16
AMAZON MARKET NEUTRAL FUND CLASS A USD
-14.59
31 Jul 16
This ranking is for information only and should not be considered as exhaustive.
Source - HSBC
Top
Investment Funds
Bottom
Date
Investment Funds
Return
60.52
31 Dec 15
Return
-44.05
31 Dec 15
Date
58.52
31 Dec 15
ELM RIDGE CAPITAL PARTNERS L.P.
-29.96
31 Dec 15
PERCEPTIVE LIFE SCIENCES OFFSHORE FUND LTD
49.60
31 Dec 15
MUDRICK DISTRESSED OPPORTUNITY FUND LTD
-25.71
31 Dec 15
43.43
31 Dec 15
ANDALUSIAN CORPORATE OPPORTUNITIES FUND LP
-22.85
31 Dec 15
PELHAM LONG/SHORT SMALL CAP FUND LTD
42.71
31 Dec 15
ECF VALUE FUND INTERNATIONAL LTD
-20.57
31 Dec 15
HIGHER MOMENT CAPITAL OPPORTUNITIES, LP
31.61
31 Dec 15
GREENLIGHT CAPITAL OFFSHORE, LTD - A/1
-20.38
31 Dec 15
SEGANTII ASIA-PACIFIC EQUITY MULTI-STRATEGY FUND
29.51
31 Dec 15
TRISHIELD SPECIAL SITUATIONS FUND LLC
-19.85
31 Dec 15
LANSDOWNE EUROPEAN EQUITY FD, LTD - A (EUR)
28.24
31 Dec 15
-18.26
31 Dec 15
CYGNUS EUROPA EVENT DRIVEN FUND
27.54
31 Dec 15
GLENVIEW CAPITAL PARTNERS (CAYMAN), LTD.
-18.12
31 Dec 15
26.81
31 Dec 15
SENVEST PARTNERS, LTD - CLASS A
-17.34
31 Dec 15
AMAZON MARKET NEUTRAL FUND CLASS A USD
26.27
31 Dec 15
-16.66
31 Dec 15
MILLBURN COMMODITY PROGRAM
25.50
31 Dec 15
CANDLEWOOD SPECIAL SITUATIONS FUND LTD
-14.25
31 Dec 15
WHITE SQUARE PURE ALPHA FUND
24.50
31 Dec 15
GREYWOLF CAPITAL OVERSEAS FUND
-14.14
31 Dec 15
CLAREANT GLOBAL SPECIAL SITUATIONS FUND US

FEEDER EUR CLASS III-A
23.71
31 Dec 15
-13.76
31 Dec 15
-13.46
31 Dec 15
PENSATO EUROPA FUND LTD EURO CLASS
23.68
31 Dec 15
ABRAX MERGER ARBITRAGE S.G. FUND
22.74
31 Dec 15
22.72
31 Dec 15
TRIAS L/S FUND
22.56
31 Dec 15
21.94
31 Dec 15
21.64
31 Dec 15
-12.82
31 Dec 15
TONGA PARTNERS LP
-12.61
31 Dec 15
POLAR CAPITAL EUROPEAN CONVICTION FUND LIMITED
-12.20
31 Dec 15
-11.65
31 Dec 15
BNY MELLON ARX BRAZIL FUND SPC LONG SHORT
-11.34
31 Dec 15
Source - HSBC
10
Top
Investment Funds
Bottom
Date
Investment Funds
ISAM SYSTEMATIC TREND FUND CLASS Q
Return
61.95
31 Dec 14
Return
MERCHANT COMMODITY FUND (THE) - COMPOSITE
59.33
31 Dec 14
FIREBIRD NEW RUSSIA FUND, LTD - CLASS A
-34.59
31 Dec 14
58.05
31 Dec 14
-27.20
31 Dec 14
-43.99
Date
31 Dec 14
SMN DIVERSIFIED FUTURES FUND
57.24
31 Dec 14
-22.64
31 Dec 14
42.18
31 Dec 14
PEGASUS FUND LIMITED SHARES A-1
-15.75
31 Dec 14
CANTAB CAPITAL PARTNERS QUANTITATIVE FUND

(THE) - USD ARISTARCHUS
39.31
31 Dec 14
PHALANX JAPAN AUSTRALASIA MULTI-STRATEGY FUND

LTD
-12.87
31 Dec 14
38.31
31 Dec 14
-12.55
31 Dec 14
37.24
31 Dec 14
-11.47
31 Dec 14
36.15
31 Dec 14
SABA CAPITAL OFFSHORE FUND LTD
-10.80
31 Dec 14
DUNN WMA FUND SA
35.08
31 Dec 14
-10.36
31 Dec 14
SEGANTII ASIA-PACIFIC EQUITY MULTI-STRATEGY FUND
34.88
31 Dec 14
-9.85
31 Dec 14
WELTON GLOBAL DIRECTIONAL PORTFOLIO
34.01
31 Dec 14
-8.57
31 Dec 14
AHL DIVERSIFIED
33.79
31 Dec 14
-8.29
31 Dec 14
32.91
31 Dec 14
QUAM CHINA FOCUS SEGREGATED PORTFOLIO
-8.20
31 Dec 14
GSA TREND FUND
32.59
31 Dec 14
OWL CREEK OVERSEAS FUND, LTD
-8.00
31 Dec 14
ASPECT DIVERSIFIED FUND - CLASS A
32.05
31 Dec 14
-7.94
31 Dec 14
30.02
31 Dec 14
GLG MARKET NEUTRAL FUND - CLASS Z USD Unres
-7.43
31 Dec 14
SELIGMAN TECH SPECTRUM FUND CLASS -A1-S/2-2002
30.00
31 Dec 14
AJR INTERNATIONAL (BVI), INC. - A/1
-6.92
31 Dec 14
OKUMUS OPPORTUNISTIC VALUE FUND, LTD CLASS A
29.71
31 Dec 14
TOSCA CLASS A - USD
-6.79
31 Dec 14
29.36
31 Dec 14
MLIS - OZ EUROPE UCITS FUND CLASS B EUR
-6.70
31 Dec 14
Source - HSBC
11
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

(0.36%)
0.23%
3.43%
3.94%
-1.54%
10.51%
8.45%
-6.27%
7.36%
6.73%
Max
Drawdown1
Convertible
Ytd Avg. 2016
0.72%
Convertible/Global
ADVENT GLOBAL PARTNERS
ADVENT CAPITAL MANAGEMENT
30 Sep 96
BASSO INVESTORS LTD

Howard Fischer
30 Sep 95
Q
Q
CQS GLOBAL CONVERTIBLE

30 Jun 14
ARBITRAGE MASTER FUND LTD
CQS (UK) LLP, Alex Schoenenberger
JABCAP GLOBAL CONVERTIBLE

FUND - D1 Unrestricted
Philippe Jabre
30 Apr 07
LAZARD RATHMORE FUND CLASS A-2

Sean Reynolds
31 May 07
SALAR CONVERTIBLE ABSOLUTE

RETURN FUND
Alex Warren, David Persaud
31 Aug 10
Q/M
$307M
Jun 16
409.50
$460M
Jul 16
7,580.29
$487M
Jul 16
1,109.61
$194M
Jul 16
181.91
$826M
Feb 16
198.99
$180M
Jul 16
118.30
05 Aug 16
05 Aug 16
$172M
Aug 16
0.04%
2.92%
2.11%
1.95%
11.45%
9.5%
2.61%
10.20%
5.72%
(25.00%)
Dec 07 - Oct 08
31 Jul 16
2.06%
4.10%
7.54%
-0.88%
5.11%
3.07%
(1.53%)
Jul 14 - Sep 14
31 Jul 16
4.81%
(9.78%)
0.25%
4.13%
27.14%
5.37%
-14.15%
6.67%
12.29%
(28.61%)
May 08 - Nov 08
05 Aug 16
0.12%
(1.31%)
-3.74%
-1.69%
10.55%
4.73%
-1.64%
7.78%
7.98%
(16.25%)
Aug 08 - Nov 08
05 Aug 16 (0.03%)
(1.54%)
1.9%
0.71%
10.34%
6.42%
-2.86%
2.87%
3.52%
(7.33%)
May 15 - Jun 16
Convertible/USA
PINE RIVER CONVERTIBLES FUND 31 Jul 09
Franklin Parlamis
(27.58%)
Oct 07 - Nov 08
204.13
31 Jul 16
Ytd Avg. 2016

7.25%
0.18%
7.25%
-3.59%
0.41%
19.34%
7.6%
4.98%
10.72%
7.04%
(11.01%)
Jun 15 - Jan 16
1. Max Drawdown: Peak to trough.

Source - HSBC
12
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

6.59%
0.93%
5.76%
-4.3%
2.42%
-0.64%
11.73%
0.08%
4.88%
6.76%
Max
Drawdown1
Credit
Ytd Avg. 2016
2.08%
Credit/Emerging
ABSOLUTE INSIGHT EMERGING
MARKET DEBT FUND CLASS B1P
Colm McDonagh
30 Apr 08
BAF LATAM TRADE FINANCE FUND 29 Feb 08

Ernesto Lienhard & team.
BLUEBAY EMERGING MARKET

31 Oct 11
CORPORATE ALPHA FUND
Polina Kurdyavko and Anthony Kettle
BLUEBAY EMERGING MARKET

OPPORTUNITY FUND
BlueBay Asset Management LLP David Dowsett
31 May 07
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

FUND
Job Campbell
31 Jan 02
M
W
LTS GLOBAL EMERGING MARKETS 31 Dec 11

FUND LTD
LTS Capital LLP, Simon Dalah &
Anthony Nahum
MONEDA LATIN AMERICAN

CORPORATE DEBT FUND -AFernando Tisn and Javier Montero
30 Sep 07
SCHRODER ISF EMERGING

MARKET DEBT A/R -I ACCAbdallah Guezour
31 Jan 02
771M
Jul 16
1.48
$940M
Jun 16
2,023.24
$36M
Jun 16
117.32
$2M
Jul 16
187.02
$468M
Jul 16
362.88
$544M
Jun 16
206.21
$154M
Jul 16
26.49
$50M
May 16
112.63
$203M
Apr 16
1,976.21
$3'374M
Mar 16
37.30
463M
Jul 16
(15.32%)
May 08 - Oct 08
30 Jun 16
0.60%
3.46%
7.2%
7.76%
8.09%
8.71%
8.99%
8.82%
0.51%
0.00%
Jan 00 - Jan 00
05 Aug 16
0.17%
4.80%
2.44%
11.29%
-7.22%
12.29%
2.19%
5.18%
6.53%
(12.26%)
Feb 13 - Sep 13
30 Jun 16
3.83%
5.26%
-4.87%
-2.05%
-1.96%
11.33%
2.85%
7.13%
8.61%
(19.88%)
Feb 08 - Nov 08
31 Jul 16
7.07%
2.21%
14.48%
-1.98%
14.61%
23.2%
-7.16%
12.94%
13.35%
(28.43%)
Feb 08 - Oct 08
30 Jun 16 (0.00%)
0.27%
-2.41%
2.62%
4.78%
18%
-4.14%
7.19%
10.96%
(33.64%)
Jun 08 - Dec 08
31 Jul 16
5.22%
14.48%
-0.39%
4.94%
2.2%
18.68%
-1.37%
6.95%
9.12%
(38.05%)
Feb 08 - Mar 09
30 Jun 16 (0.42%)
3.06%
3%
3.47%
2.55%
11.27%
5.14%
3.43%
(2.46%)
Oct 14 - Jan 15
09 Aug 16
0.52%
12.20%
-6.12%
3.36%
8.67%
11.48%
2.44%
7.99%
13.36%
(32.05%)
Aug 08 - Dec 08
10 Aug 16
2.87%
14.35%
-4.87%
0.62%
0.8%
5.36%
0.69%
7.41%
5.45%
(9.31%)
Mar 08 - Oct 08
Credit/Europe
ABSOLUTE INSIGHT CREDIT FUND 30 Sep 11
B1P2 EURO
Alex Veroude
11 Aug 16
1.18
Ytd Avg. 2016

(1.47%)
10 Aug 16 (0.56%)
(5.98%)
-1.06%
2.21%
7.4%
12.64%
2.59%
3.46%
4.37%
(9.06%)
Jul 14 - Aug 16

Source - HSBC
13
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Credit/Europe
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
CHENAVARI TORO LIMITED

Chenavari Investment Managers
31 May 09
EIFFEL CREDIT OPPORTUNITIES

FUND CLASS A
Emmanuel Weyd, Eiffel Investment
Group
30 Nov 11
GLG CROSS ASSET VALUE

OFFSHORE FUND Class A USD
Unres
Chris Huggins
30 Nov 12

LNG Capital LLP
31 Mar 11
Q
M
M
M
NAPIER PARK EUROPEAN CREDIT 31 Aug 10

OPPORTUNITIES FUND LTD
Napier Park Global Capital (US) LP
NORTHLIGHT EUROPEAN
FUNDAMENTAL CREDIT FUND
NORTHLIGHT GROUP LLP
30 Nov 09
OBSERVATORY CREDIT MARKETS 30 Jun 04

FUND (THE)
Shazad Ghaffar
PAMPLONA CREDIT
OPPORTUNITIES FUND
Yves Leysen
31 Aug 08
SERONE KEY OPPORTUNITIES

FUND
Serone Capital Management, Serj
Walia
29 Feb 12
WYETREE EUROPEAN RECOVERY 31 Aug 13

FUND (WERF)
WyeTree Asset Management
126M
Jun 16
175.39
$350M
May 16
338.92
121M
Jul 16
155.39
$396M
Mar 16
1,080.32
55M
May 16
1,313.28
$225M
Jul 16
1,164.05
$85M
Jun 16
1,141.89
402M
Jun 16
268.26
$225M
Jun 16
1,542.13
$1'033M
Jul 16
332.95
380M
Jul 16
195.92
$140M
Jun 16
254.18
50M
Jun 16
99.62
Date
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

(1.47%)
30 Jun 16 (2.84%)
(2.50%)
-3.28%
2.3%
8.54%
19.95%
-12.51%
6.83%
7.56%
Max
Drawdown1
(13.94%)
Jun 11 - Nov 11
05 Aug 16 (0.14%)
(2.52%)
4.06%
3.14%
18.23%
8.41%
1.48%
9.76%
8.34%
(30.45%)
Oct 07 - Dec 08
31 Jul 16
1.13%
1.73%
3.84%
11.37%
16.31%
17.68%
10.64%
13.64%
6.95%
(6.46%)
May 11 - Nov 11
30 Jun 16 (0.04%)
(0.30%)
15.22%
24.82%
32.93%
32.42%
24.71%
39.90%
11.41%
(5.11%)
Jul 11 - Oct 11
05 Aug 16
1.40%
(0.46%)
-5.61%
4.53%
8.11%
20.07%
3.01%
5.99%
6.27%
(12.70%)
May 15 - Jun 16
05 Aug 16 (0.38%)
(5.58%)
4.88%
4.68%
11.5%
0.71%
4.21%
4.97%
(7.88%)
Dec 15 - Feb 16
30 Jun 16 (5.03%)
(2.00%)
2.22%
-10.36%
16.1%
19.58%
-7.79%
2.69%
8.55%
(12.90%)
Jun 14 - Dec 14
31 Jul 16
2.58%
4.26%
8.12%
8.89%
31.11%
55.73%
-2.23%
18.14%
8.78%
(14.95%)
May 11 - Dec 11
05 Aug 16
0.08%
2.28%
5.12%
5.91%
12.51%
6.31%
3.68%
6.69%
2.46%
(2.13%)
Sep 15 - Feb 16
29 Jul 16
0.91%
2.96%
3.13%
3.31%
7.25%
13.46%
-5.02%
10.46%
6.04%
(12.74%)
Jul 07 - Jul 08
31 Jul 16
0.95%
(2.87%)
0.22%
6.55%
12.68%
19.87%
-9.26%
8.86%
7.51%
(17.90%)
Apr 11 - Dec 11
30 Jun 16 (0.19%)
2.92%
11.05%
9.14%
25.94%
61.8%
24.00%
8.46%
(4.47%)
Nov 15 - Feb 16
30 Jun 16 (6.70%)
(12.58%)
-5.25%
16.86%
2.91%
(0.14%)
7.37%
(18.56%)
Mar 15 - Jun 16

Source - HSBC
14
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
Credit/Global
AG MORTGAGE VALUE PARTNERS 30 Apr 09
LTD
Jonathan Lieberman
ARISTEIA INTERNATIONAL LTD

Anthony M. Frascella, William R.
Techar
01 Aug 97
ASGARD FIXED INCOME FUND LTD 30 Jun 03

Morten Mathiesen
AXONIC CREDIT OPPORTUNITIES

OVERSEAS FUND LTD
Axonic Capital, Clayton DeGiacinto
31 Mar 09
BLUEBAY CREDIT ALPHA LONG

SHORT FUND
Geraud Charpin
31 Oct 11
BLUEMOUNTAIN CREDIT
ALTERNATIVES FUND
BlueMountain Capital Management
31 Oct 03
CANDLEWOOD STRUCTURED
CREDIT HARVEST FD LTD
Greg Richter and Brian Herr
31 Jul 12
CHENAVARI CORPORATE CREDIT 30 Sep 08

STRATEGY M1
CLAREANT GLOBAL SPECIAL

SITUATIONS FUND US FEEDER
EUR CLASS III-A
Alcentra Ltd / David Forbes-Nixon
31 Oct 07
CLAREANT STRUCTURED CREDIT 31 Aug 09

OPPORTUNITIES FUND
Alcentra Ltd / Hiram Hamilton
CLAREANT STRUCTURED CREDIT 31 Jan 11

OPPORTUNITIES FUND II
Alcentra Ltd / Hiram Hamilton
COHERENCE CAPITAL SPECTRUM 31 Jul 12

FUND OFFSHORE FUND
Coherence Capital Partners LLC
CQS ABS FEEDER FUND - CLASS

-B1- USD
Bill Murray, Jason Walker
30 Sep 06
$1'431M
May 16
266.64
$921M
Jul 16
876.10
293M
Jun 16
566.05
$1'019M
Jun 16
321.00
191M
Jun 16
131.58
$6'798M
Jun 16
260.70
$395M
Jun 16
134.20
$237M
Mar 16
134.20
119M
Jun 16
171.93
74M
Jun 16
548.93
234M
Jun 16
316.55
$95M
Jul 16
15.41
$1'125M
Jun 16
5,309.84
31 Jul 16
MTD
YTD
2015
Ytd Avg. 2016

1.65%
2.05%
2.16%
4.43%
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
10.07%
12.91%
20.59%
7.47%
14.47%
4.20%
Max
Drawdown1
(3.76%)
Oct 15 - Feb 16
31 Jul 16
0.81%
5.76%
-7.22%
-3.13%
15.67%
11.2%
2.36%
12.09%
8.74%
(30.20%)
May 08 - Dec 08
05 Aug 16
1.12%
11.99%
8.8%
10.6%
16.02%
34.12%
25.32%
14.14%
6.65%
(10.40%)
Aug 08 - Oct 08
31 Jul 16
0.75%
(1.17%)
0.52%
10.87%
12.1%
25.69%
6.01%
17.22%
6.98%
(6.84%)
May 15 - Mar 16
05 Aug 16
0.30%
(1.45%)
1.57%
0.92%
12.13%
26.17%
0.3%
7.84%
4.82%
(4.75%)
Feb 15 - Apr 16
05 Aug 16
0.03%
(0.44%)
0.07%
2.67%
7.87%
14.51%
3.56%
7.79%
5.82%
(11.83%)
Aug 08 - Dec 08
31 Jul 16
1.40%
(5.52%)
-1.04%
13.78%
14.05%
10.71%
7.63%
4.51%
(11.12%)
Jun 15 - Jun 16
30 Jun 16 (5.42%)
(12.01%)
1.4%
3.94%
13.84%
17.22%
1.29%
8.35%
6.05%
(13.26%)
Apr 15 - Jun 16
30 Jun 16 (1.12%)
0.94%
23.71%
-1.88%
12%
16.64%
-8.59%
6.45%
14.64%
(48.74%)
Oct 07 - Dec 08
30 Jun 16 (1.88%)
(1.22%)
3.68%
7.28%
29.09%
44.15%
8.7%
28.29%
16.85%
(15.92%)
May 11 - Nov 11
30 Jun 16 (2.23%)
2.81%
8.89%
5.51%
48.08%
50.97%
19.88%
23.71%
12.13%
(8.17%)
May 11 - Sep 11
05 Aug 16
0.23%
4.85%
5.2%
2.83%
18.98%
14.17%
11.36%
4.24%
(2.98%)
Jun 14 - Oct 14
31 Jul 16
2.31%
(0.26%)
-2.36%
8.02%
9.7%
16.85%
0.67%
18.49%
10.73%
(11.97%)
May 15 - Feb 16

Source - HSBC
15
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
Credit/Global
DW CATALYST OFFSHORE FUND
-A - USD NI
DW Partners, LP
31 Jul 09
DW VALUE OFFSHORE FUND LTD

DW Partners, LP
29 Feb 12
ELLINGTON CREDIT
Ellington Management Group, LLC
30 Apr 08
ELLINGTON MORTGAGE
OPPORTUNITIES MASTER FUND
LTD
Ellington Management Group, LLC
31 Jan 09
III RELATIVE VALUE CREDIT

STRATEGIES FUND LTD
Lester Coyle
31 Oct 05
III SELECT CREDIT FUND LTD

CLASS -ALester Coyle
31 Dec 07
KINGDON CREDIT LTD A1/1

Michael Pohly
30 Sep 09
LOOMIS SAYLES CREDIT LONG

SHORT FUND
Kevin Kearns and Tom Stolberg
31 Aug 07
MLIS - BEACH POINT DIVERSIFIED 31 Mar 13

CREDIT UCITS FUND CLASS B USD
Carl Goldsmith and Scott Klein
ONE WILLIAM STREET CAPITAL
FUND
OWS Capital Management
31 Mar 08
PIMCO GLOBAL CREDIT

OPPORTUNITY FUND SERIES 1
Dan Ivascyn / Jon Horne
30 Jun 06
PIMCO TACTICAL OPPORTUNITIES 31 Jan 13

FUND
PIMCO LLC - Dan Ivascyn / Josh
Anderson / Alfred Murata
HY
Q
Q
Q
Q/Y
HY
$4'400M
Apr 16
166.36
$1'000M
Jun 16
156.43
$909M
Jun 16
272.11
$370M
May 16
271.39
$151M
Jul 16
1,803.73
$171M
Jul 16
1,904.17
$326M
Jul 16
1,652.80
$681M
Jul 16
170.21
$207M
Oct 15
111.59
$994M
Aug 16
2,050.39
$3'449M
Jul 16
193.86
$989M
Jul 16
136.26
31 Jul 16
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

1.65%
0.21%
(1.96%)
-8.9%
5.8%
13.91%
15.34%
1.22%
7.54%
4.81%
Max
Drawdown1
(14.77%)
Apr 15 - Mar 16
31 Jul 16
(0.18%)
(0.24%)
-1.46%
8.1%
23.7%
19.01%
10.65%
5.49%
(6.74%)
Apr 15 - Feb 16
31 Jul 16
0.25%
(2.99%)
3.22%
7.89%
15.28%
27.73%
1.86%
12.89%
5.63%
(5.51%)
Aug 15 - Mar 16
31 Jul 16
0.36%
2.42%
1.79%
7.25%
9.64%
13.29%
16.19%
14.24%
3.88%
(0.85%)
May 15 - Oct 15
05 Aug 16 (0.07%)
3.81%
-7.26%
5.23%
8.5%
10.22%
10.36%
5.63%
7.50%
(31.27%)
Nov 07 - Dec 08
05 Aug 16 (0.04%)
4.73%
-8.35%
6.02%
8.56%
11.95%
7.41%
7.89%
6.26%
(10.51%)
May 15 - Feb 16
31 Jul 16
1.40%
3.65%
-2.68%
3.42%
15.67%
8.3%
1.64%
7.73%
5.29%
(10.60%)
May 15 - Feb 16
05 Aug 16
0.69%
2.21%
-2.52%
-2.44%
4.35%
12.48%
-0.76%
6.13%
6.26%
(9.90%)
Jun 08 - Sep 08
09 Aug 16
0.75%
6.89%
-1.98%
-2.52%
9.26%
3.32%
5.21%
(9.25%)
Jun 14 - Feb 16
31 Jul 16
2.05%
2.94%
2.33%
10.05%
5.75%
18.98%
-4.19%
8.99%
5.45%
(8.43%)
Feb 11 - Nov 11
31 Jul 16
0.90%
1.97%
6.89%
4.34%
7.45%
15.18%
6.24%
6.78%
4.77%
(12.86%)
Jun 07 - Nov 08
31 Jul 16
1.66%
4.45%
5.68%
7.56%
14.76%
9.24%
4.01%
(1.88%)
May 13 - Jun 13

Source - HSBC
16
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Credit/Global
RESIDENTIAL REAL ESTATE
TOTAL RETURN OPP. FUND
(RRETRO FUND)
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
M
M
SEER CAPITAL PARTNERS

30 Apr 09
OFFSHORE FUND LTD
Phil Weingord, Richard d'Albert, Seer
Capital
SPF CREDIT SUISSE SECURITIZED 31 Dec 11

PRODUCTS MASTER FUND LTD
Albert Sohn
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
$96M
Mar 16
201.43
$1'002M
Jul 16
197.23
$259M
Jul 16
114.95
$1'207M
Jun 16
117.73
$1'290M
Jul 16
202.32
$1'984M
Jun 16
163.40
$685M
Jun 16
152.35
$1'466M
Jun 16
340.66
$445M
Jun 16
151.02
Date
31 Jan 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
YTD
2015
Ytd Avg. 2016

1.65%
30 Jun 16 (3.20%)
(6.09%)
-0.42%
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
12.66%
17.56%
24.07%
-10.5%
9.67%
6.52%
Max
Drawdown1
(14.92%)
Feb 11 - Dec 11
31 Jul 16
1.67%
6.48%
5.13%
5.07%
10.35%
14.9%
2.78%
10.44%
3.47%
(1.80%)
Jul 11 - Sep 11
31 Jul 16
2.20%
5.16%
6.62%
2.52%
6.14%
4.22%
(3.50%)
Dec 15 - Feb 16
30 Jun 16 (3.51%)
8.88%
3.36%
-10.8%
-6.76%
-3.87%
9.33%
2.39%
8.68%
(28.08%)
Jun 12 - Mar 15
31 Jul 16
3.00%
(6.71%)
-0.57%
5.41%
12.13%
25.85%
2.09%
10.20%
6.68%
(17.05%)
Jul 15 - Feb 16
31 Jul 16
1.00%
1.52%
6.14%
10.31%
18.04%
16.46%
11.30%
3.04%
(2.24%)
Dec 15 - Feb 16
30 Jun 16
1.39%
(1.35%)
6.06%
15.17%
20.05%
5.33%
11.88%
3.68%
(4.65%)
Sep 15 - Mar 16
31 Jul 16
0.58%
(3.29%)
-1.82%
3.94%
10.57%
12.73%
-0.81%
11.41%
6.94%
(10.77%)
Jun 08 - Nov 08
30 Jun 16
0.62%
17.28%
-6.17%
9.15%
15.14%
28.54%
-15.05%
8.16%
13.19%
(18.02%)
Mar 11 - Sep 11
Credit/USA
400 CAPITAL CREDIT
OPPORTUNITIES
Chris Hentemann
MTD
$1'026M
Jun 16
263.66
$2'100M
Jun 16
652.50
$2'300M
Apr 16
163.81
30 Jun 16
Ytd Avg. 2016

3.86%
0.06%
(6.78%)
-0.42%
12.35%
15.24%
34.21%
3.07%
13.96%
6.26%
(11.54%)
Jun 15 - Mar 16
31 Jul 16
1.81%
6.68%
-2.08%
-0.67%
12.61%
13.86%
-0.98%
9.78%
7.87%
(24.04%)
Oct 07 - Dec 08
05 Aug 16
0.41%
15.87%
-11.11%
0.22%
5.96%
6.7%
2.44%
5.27%
6.76%
(19.42%)
Jun 08 - Dec 08

Source - HSBC
17
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
Credit/USA
COASTLAND DIRECT YIELD FUND 31 Aug 14
Coastland Capital, Peter Sterling
MARINUS OPPORTUNITIES FUND

Najib Canaan
31 Mar 12
MIDOCEAN ABSOLUTE RETURN

CREDIT FUND
MidOcean Credit Fund Management
LP
31 Jan 10
MIDOCEAN CREDIT OPPORTUNITY 31 Mar 09

FUND CLASS B
MidOcean Credit Fund Management
LP
NAPIER PARK ABS INCOME FUND

LP
Rajesh Agarwal
30 Apr 15
OCTAGON HIGH INCOME FUND

Andrew D. Gordon
31 Jan 11
TILDEN PARK OFFSHORE

INVESTMENT FUND LTD
Josh Birnbaum
31 Dec 10
WYETREE YIELD DISTRIBUTION

FUND (WYDF)
30 Nov 12
M
Q
$85M
Jun 16
113.74
$353M
Jun 16
126.88
$318M
Jan 16
152.42
$742M
Jan 16
231.31
$213M
Jun 16
105.12
$119M
Jun 16
139.48
$3'399M
Jul 16
217.44
$65M
Jun 16
117.21
30 Jun 16
MTD
YTD
2015
2014
Ytd Avg. 2016

3.86%
0.22%
1.84%
10.2%
1.34%
2013
2012
2011
Ann.
Return
Ann.
Volatility
7.27%
1.18%
Max
Drawdown1
(0.12%)
Aug 14 - Sep 14
30 Jun 16
1.28%
2.55%
1.37%
3.08%
6.11%
11.59%
5.76%
2.50%
(2.27%)
May 15 - Feb 16
31 Jul 16
0.46%
2.96%
4.34%
0.33%
7.66%
10.87%
9.99%
6.70%
3.71%
(5.37%)
Jun 14 - Jan 15
31 Jul 16
1.02%
3.46%
2.26%
0.98%
10.07%
10.78%
7.46%
12.10%
6.06%
(4.96%)
Aug 14 - Feb 16
30 Jun 16
1.44%
3.74%
1.33%
4.35%
1.90%
(0.58%)
Jan 16 - Mar 16
31 Jul 16
2.26%
8.00%
-0.92%
0.94%
9.04%
19.9%
-1.24%
6.23%
6.91%
(10.79%)
Jul 11 - Aug 11
30 Jun 16 (0.18%)
0.36%
1.31%
14.06%
20.51%
41.34%
10.07%
15.16%
5.68%
(5.77%)
May 15 - Mar 16
31 Jul 16
2.60%
3.76%
-0.42%
7.78%
5.46%
-0.2%
4.42%
3.78%
(6.33%)
May 15 - Feb 16
Fixed Income
Ytd Avg. 2016
3.30%
Fixed Income/Global
KLS DIVERSIFIED FUND LTD
31 Jul 08
Jeff Kronthal ; Harry Lengsfield ; John
Steinhardt
$970M
Jun 16
165.74
31 Jul 16
Ytd Avg. 2016

3.30%
1.25%
3.30%
-2.4%
6.76%
1.58%
7.35%
4.85%
6.51%
3.88%
(10.06%)
May 15 - Feb 16

Source - HSBC
18
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
14.22%
9.75%
13.06%
-0.49%
6.43%
4.80%
Max
Drawdown1
Distressed Security
Ytd Avg. 2016
4.96%
Distressed Security/Global
BLUEBAY EVENT DRIVEN CREDIT
FUND
BlueBay Asset Management LLP Anthony Robertson
30 Nov 09
CANDLEWOOD SPECIAL
SITUATIONS FUND LTD
Michael Lau and David Koenig
30 Apr 03
CANYON VALUE REALIZATION FD, 31 Dec 94

LTD - CLASS A
M.R. Julis & J.S. Friedman
CERBERUS INTL. LTD CLASS A A/C 31 May 93

191
Steve Feinberg
CONTRARIAN CAPITAL FUND I

OFFSHORE LTD
Jon Bauer
30 Sep 86
DAVIDSON KEMPNER DIST. OPP. 31 Mar 05

INT. LTD - CLASS A TRN 1
Anthony A. Yoseloff, Avi Z. Friedman
and Conor Bastable
MONARCH DEBT RECOVERY

FUND LTD
Michael Weinstock, Andrew
Herenstein
31 Mar 02
MUDRICK DISTRESSED
OPPORTUNITY FUND LTD
Jason Mudrick
30 Jun 09
OCP DEBT OPPORTUNITY

INTERNATIONAL LTD
Onex Credit Partners
30 Jun 01
OWS CREDIT OPPORTUNITY FUND 31 Dec 10

OWS Capital Management
Q/Y
PSAM REBOUND PORTFOLIO

28 Feb 03
FUND LTD
P.Schoenfeld Asset Management LLC
138M
Jan 16
151.63
$672M
Jul 16
692.82
$5'939M
Jun 16
8,002.36
$507M
Apr 16
Ytd Avg. 2016

5.02%
05 Aug 16 (0.30%)
(0.47%)
-0.66%
(7.96%)
Jul 15 - Feb 16
31 Jul 16
5.50%
(2.76%)
-14.25%
5.68%
12.53%
14.78%
3.88%
15.71%
11.12%
(28.11%)
May 08 - Nov 08
31 Jul 16
2.11%
5.14%
-2.72%
4.32%
15.65%
18.05%
-4.66%
10.11%
8.11%
(28.82%)
Oct 07 - Nov 08
938,322.13 31 Jul 16
0.61%
(8.78%)
-4.96%
23.09%
14.1%
12.05%
9.6%
10.14%
6.54%
(22.26%)
May 08 - Feb 09
$2'006M
Jul 16
2,615.39
$1'159M
Jun 16
275.16
$1'640M
Jun 16
3,744.87
$1'200M
Jun 16
179.51
$270M
Jun 16
262.84
$629M
Aug 16
1,631.32
$1'900M
Jul 16
238.88
31 Jul 16
3.54%
9.05%
-7.89%
0.46%
17.01%
24.31%
-1.32%
11.55%
9.43%
(33.22%)
Jun 07 - Feb 09
31 Jul 16
2.19%
9.81%
-6.17%
3.5%
21.95%
13.51%
-2.45%
9.33%
9.37%
(26.27%)
Oct 07 - Nov 08
31 Jul 16
(0.12%)
(1.40%)
-2.73%
1.37%
18.36%
11.57%
-0.46%
9.64%
7.47%
(32.31%)
Oct 07 - Dec 08
05 Aug 16
1.60%
28.93%
-25.71%
15.7%
7.73%
21.85%
-3.72%
8.58%
9.70%
(31.42%)
Aug 14 - Jan 16
30 Jun 16
0.53%
5.57%
-10.48%
0.47%
9.93%
9.21%
-1.39%
6.65%
6.39%
(24.14%)
Jun 07 - Dec 08
31 Jul 16
3.35%
3.20%
2.23%
12.81%
12.96%
23.81%
-2%
9.16%
4.78%
(7.61%)
Apr 11 - Oct 11
30 Jun 16
0.06%
1.02%
-9.49%
-1.16%
12.61%
14.01%
1.55%
6.74%
8.11%
(32.91%)
Jul 07 - Mar 09

Source - HSBC
19
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
Distressed Security/Global
SOUND POINT BEACON
OFFSHORE FUND, LTD
Stephen Ketchum
30 Nov 13
STRATEGIC VALUE
RESTRUCTURING FUND
Victor Khosla
31 Aug 02
VR GLOBAL OFFSHORE FUND LTD 30 Apr 99

Richard Deitz
HY
Q/Y
$358M
Jun 16
128.06
$1'400M
Jun 16
360.40
$2'170M
May 16
30 Jun 16
30 Nov 05
REDWOOD OFFSHORE FUND

Jonathan Kolatch
31 Jul 00
YTD
2015
Ytd Avg. 2016

5.02%
0.57%
0.97%
0.57%
2014
2013
18.36%
6.54%
2012
2011
Ann.
Return
Ann.
Volatility
10.04%
7.27%
Max
Drawdown1
(8.26%)
May 15 - Jan 16
05 Aug 16
0.27%
11.22%
-5.2%
1.7%
16.17%
13.18%
-11.03%
9.63%
7.48%
(24.47%)
May 07 - Jan 09
44,656.69 30 Jun 16
0.28%
8.84%
14.49%
-0.4%
32.33%
20.69%
3.58%
24.75%
14.53%
(48.38%)
May 08 - Mar 09
Distressed Security/USA
HALCYON OFF. ASSET-BACKED
VALUE FUND LTD
Joseph Wolnick and Jim Coppola
MTD
$890M
Jun 16
3,068.91
$1'858M
Jul 16
744.33
31 Jul 16
Ytd Avg. 2016

4.54%
0.43%
3.07%
2.14%
6.74%
6.66%
16.14%
4.12%
11.08%
5.01%
(13.32%)
Aug 08 - Mar 09
31 Jul 16
1.30%
6.02%
-2.66%
1.59%
17.62%
21.94%
-1.98%
13.36%
10.32%
(36.28%)
May 07 - Dec 08

Source - HSBC
20
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

(13.14%)
1.31%
(13.14%)
0.97%
3.87%
23.3%
-7.73%
5.24%
8.78%
8.38%
Max
Drawdown1
Equity-Commodity
Ytd Avg. 2016
(13.14%)
Equity-Commodity/Global
OCEANIC HEDGE FUND - CLASS A
Cato Brahde, Andreas Vergottis,
Bjorn Rise
31 Jul 02
$224M
Jun 16
3,257.07
05 Aug 16
(16.55%)
Jul 15 - Jul 16
Equity-Diversified
Ytd Avg. 2016
(2.77%)
Equity-Diversified/Asia
George Jiang,
30 Jun 04
LIGHTHORSE CHINA GROWTH

FUND LTD
Shawn Kang
31 Dec 05

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
RWC ASIA OPPORTUNITY FUND

Garret Mallal
30 Apr 15
TELLIGENT GREATER CHINA

FUND
Ching-Shan Lin
31 Jul 04
WF ASIA FUND LTD Class A 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
M
M
M
M
$1'731M
Feb 16
195.42
$110M
Aug 15
387.83
$162M
Jun 16
236.60
$21M
Feb 16
210.72
$627M
Jun 16
980.15
$121M
May 16
408.42
$44M
Jun 16
307.11
$85M
May 16
116.95
$253M
Jun 16
328.57
$528M
Jul 16
471.87
$217M
Jun 16
171.33
05 Aug 16
Ytd Avg. 2016

(2.48%)
0.45%
(8.93%)
21.94%
30.02%
17.48%
26.91%
-3.9%
25.17%
24.12%
(64.64%)
Oct 07 - Nov 08
31 May 16
1.11%
(3.09%)
8.66%
-0.51%
15.85%
-14.51%
-12.64%
13.89%
19.34%
(41.06%)
Feb 08 - Dec 08
05 Aug 16 (0.92%)
(15.52%)
3.83%
16%
27.39%
-6.58%
-5.09%
8.13%
12.05%
(25.06%)
Oct 07 - Feb 09
30 Jun 16
0.39%
(0.32%)
1.33%
-4.44%
4.6%
11.8%
-6.07%
6.55%
8.21%
(10.69%)
Oct 07 - Jan 09
31 Jul 16
2.16%
0.64%
11.75%
17.46%
9.26%
8.06%
0.6%
22.66%
18.98%
(42.16%)
Oct 07 - Nov 08
05 Aug 16
0.45%
(8.30%)
4.45%
-8.2%
61.8%
16.99%
-22.17%
13.65%
24.86%
(45.67%)
May 15 - Jan 16
05 Aug 16
1.06%
2.66%
1.25%
4.33%
13.35%
9.02%
-9.19%
9.93%
10.35%
(23.36%)
May 15 - Apr 16
05 Aug 16 (0.56%)
11.39%
5%
13.14%
11.97%
(5.73%)
Aug 15 - Jan 16
30 Jun 16
0.07%
(9.05%)
0.63%
-6.27%
28.57%
10.76%
-17.35%
10.49%
18.19%
(46.90%)
Oct 07 - Oct 08
05 Aug 16 (1.74%)
(3.54%)
15.28%
5.71%
11.72%
27.68%
-7.21%
10.51%
12.49%
(37.65%)
Oct 07 - Nov 08
05 Aug 16
1.36%
6.73%
7.28%
0.92%
5.55%
12.89%
6.19%
8.50%
14.55%
(20.74%)
May 15 - Aug 15

Source - HSBC
21
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
Equity-Diversified/Australian
L1 Capital PTY Ltd
31 Aug 14
AU$163M
Jul 16
203.97
31 Jul 16
31 Jan 07
$25M
Jun 16
1,942.78
05 Aug 16
31 Dec 11
DUET EM FRONTIER FUND

Hedi Ben Mlouka
31 Dec 12

Harvey Sawikin & Ian Hague
30 Apr 97
JABCAP EMEA FUND CLASS X1

Carl Tohme
30 Sep 08
OCCO EASTERN EUROPEAN FUND 31 Dec 01

A SHARES
Andrew Wiles
SAGIL LATIN AMERICAN
OPPORTUNITIES FUND CLASS A
Adrian Landgrebe and Brad Jones
30 Jun 09
SR GLOBAL FUND (Class N)

Emerging Market Equity
Ed Butchart and CJ Morrell
31 Dec 12
M
Q
M
Q/Y
$84M
Jul 16
93.72
$265M
Jun 16
138.61
$139M
May 16
924.52
$213M
Jul 16
244.09
$449M
Jul 16
429.08
$95M
Jun 16
165.02
$70M
Feb 16
129.18
31 Jul 16
30 Sep 97
ADRIGO HEDGE
Gran Torne
30 Nov 06
ANTARES EUROPEAN FUND, LTD - 08 Dec 98

USD
Peter Miles Testa, Luca Orsini Baroni
Q
M
M
Ytd Avg. 2016

20.94%
3.22%
20.94%
60.52%
2014
2013
2012
2011
5.07%
Ann.
Return
Ann.
Volatility
45.02%
10.26%
Max
Drawdown1
(2.42%)
Ytd Avg. 2016

19.48%
1.69%
19.48%
-11.34%
5.1%
5.22%
11.04%
3.56%
7.23%
8.97%
(23.95%)
Ytd Avg. 2016

6.09%
0.39%
(12.32%)
-3.37%
12.24%
11.49%
9.92%
3.40%
9.95%
(20.82%)
May 15 - May 16
04 Aug 16 (0.88%)
4.67%
2.25%
12.92%
14.7%
9.51%
12.68%
(14.90%)
Jul 15 - Feb 16
05 Aug 16
0.49%
17.34%
-11.65%
-22.64%
24.2%
13.26%
-19.42%
12.23%
28.86%
(73.20%)
Sep 97 - Jan 99
31 Jul 16
1.87%
1.52%
-0.08%
7.15%
9.23%
6.94%
-3.2%
12.05%
9.34%
(10.02%)
Apr 11 - May 12
31 Jul 16
0.69%
5.89%
5.04%
-2.56%
11.63%
7.73%
5.42%
11.39%
7.27%
(20.86%)
Jun 08 - Oct 08
31 Jul 16
2.40%
16.67%
-2.37%
6.71%
7.91%
14.48%
-9.05%
7.32%
8.95%
(15.40%)
Jun 14 - Aug 15
05 Aug 16
0.54%
8.87%
3.32%
3.68%
10.76%
7.38%
10.71%
(14.61%)
May 15 - Feb 16
Equity-Diversified/Europe
ADELPHI EUR. FUND $ (A)
Roderick Jack, Marcel Jongen
2015
Jun 08 - Oct 08
Equity-Diversified/Emerging
APERIOS EMERGING
CONNECTIVITY MASTER FUND
LTD
Aperios Partners Investment
Management LLP
YTD
Aug 14 - Sep 14
Equity-Diversified/Brazil
BNY MELLON ARX BRAZIL FUND
SPC LONG SHORT
Bruno Garcia, Frederico Saraiva &
Rogerio Poppe
MTD
$1'940M
Aug 15
478.78
$275M
Jul 16
174.17
$295M
Jun 16
576.42
05 Aug 16
Ytd Avg. 2016

(5.36%)
0.96%
(9.96%)
2.84%
9.35%
17.28%
14.08%
-4.91%
8.66%
11.63%
(26.28%)
May 07 - Feb 09
31 Jul 16
0.76%
(0.14%)
4.58%
4.32%
12.83%
5.91%
-0.17%
5.90%
4.91%
(9.13%)
May 07 - Oct 08
05 Aug 16 (1.11%)
(15.44%)
17.71%
5.5%
28.79%
1.7%
-10.75%
10.42%
14.85%
(32.68%)
Jun 07 - Dec 08

Source - HSBC
22
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
AQUILUS INFLECTION FUND LTD
EUR SHS
Richard Vogel
31 Jul 07

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
GIM PORTFOLIO STRATEGIES

Europe Dynamic L/S Fund A10-03
Jonathan Ingram, John Baker, Anis
Lahlou-Abid
30 Sep 03
M
M
M
M
GLG EUROPEAN LONG SHORT

30 Sep 00
FUND Class D EUR Unres
Pierre Lagrange, Simon Savage, Neil
Mason
GRANADA EUROPE FUND LTD

Swiss Hedge Capital AG, Andreas
Zehnder
31 Aug 04
LANSDOWNE EUROPEAN EQUITY 31 Aug 98

FD, LTD - A (EUR)
David Craigen
LC EQUITY FUND LTD

Limmat Capital Alternative
Investments AG
30 Sep 05
LEGG MASON MARTIN CURRIE

31 Aug 10
EUROP ABS ALPHA FUND Class M
(PF) Distr. (A) EUR
Michael Browne and Steve Frost

Pieter Taselaar, Thijs Hovers
31 Dec 01
MADRAGUE EQUITY LONG SHORT 31 Jan 12

Madrague Capital Partners
MARSHALL WACE - EUROPA FUND 31 Oct 06

A USD
Ernesto Fragomeni
481M
May 16
137.40
$300M
May 16
175.38
$1'440M
Apr 16
180.02
$365M
Jun 16
137.48
280M
Jul 16
430.74
$309M
Jul 16
322.83
CHF61M
Jul 16
1,595.37
$486M
Apr 16
216.39
CHF73M
Jul 16
296.10
245M
Jul 16
13.14
$298M
Jul 16
429.15
105M
Jun 16
138.87
$115M
Jul 16
156.10
05 Aug 16
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

(5.36%)
0.07%
(2.35%)
3.12%
7.37%
14.59%
18.73%
-14.14%
3.58%
8.78%
Max
Drawdown1
(22.46%)
Oct 07 - Oct 08
05 Aug 16
0.42%
(15.94%)
21.64%
9.86%
24.8%
12.65%
4.31%
10.08%
8.53%
(20.21%)
Nov 15 - Jun 16
05 Aug 16
0.20%
(8.17%)
9.84%
4.6%
11.51%
5.82%
1.29%
6.93%
4.25%
(10.45%)
Nov 15 - Jun 16
31 Jul 16
0.10%
7.47%
8.67%
3.69%
14.99%
-1.27%
9.68%
4.20%
(2.45%)
Feb 14 - Jun 14
05 Aug 16
0.69%
(6.68%)
7.63%
1.1%
15.93%
-4.72%
10.2%
12.03%
8.43%
(16.39%)
Jun 08 - Nov 09
05 Aug 16
0.32%
(4.93%)
7.62%
-5.24%
7.09%
5.75%
7%
7.67%
7.77%
(17.94%)
Oct 07 - Oct 08
31 Jul 16
0.37%
2.67%
0.61%
2.12%
-3.57%
-8.93%
4.9%
3.99%
4.63%
(13.54%)
Sep 11 - Dec 13
29 Jul 16
(0.26%)
(17.92%)
28.24%
-4.32%
21.51%
4.56%
-12.68%
8.38%
11.80%
(21.60%)
May 08 - Feb 09
31 Jul 16
1.51%
3.33%
2.09%
2.7%
5.27%
2.04%
0.83%
10.53%
5.69%
(5.29%)
Jun 11 - Aug 11
11 Aug 16
0.38%
(4.37%)
6.02%
1.41%
20.23%
13.93%
-9.24%
4.70%
6.50%
(9.53%)
Dec 10 - Sep 11
31 Jul 16
6.50%
(18.29%)
17.14%
10.8%
29.19%
26.9%
-19.85%
11.83%
20.33%
(60.03%)
May 07 - Feb 09
30 Jun 16
0.35%
3.01%
6.52%
-5.68%
30.08%
3.16%
7.72%
8.76%
(9.12%)
Jan 12 - Jun 12
09 Aug 16
0.57%
(3.45%)
9.61%
3.96%
7.44%
8.72%
5.65%
4.66%
8.06%
(26.47%)
Jun 07 - Sep 08

Source - HSBC
23
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
MARSHALL WACE - MW TOPS
FUND
Anthony Clake
31 Dec 04
MLIS - THEOREMA EUROPEAN

31 May 10
EQUITY LONG SHORT UCITS FUND
- EUR B (acc)
Theorema Asset Management Limited
MOJNA ALPHA LEVERAGED

MASTER FUND - EUR NNI
Jakob Nordestedt, Michael OMara
30 Nov 07
NORDIC ALPHA CLASS B - NOK

Thomas Raaschou, Christian T.
Nygaard
31 Dec 12

Crispin Odey
31 May 92
PELHAM LONG/SHORT FUND LTD

CLASS A EUR
Ross Turner
31 Oct 07
PENSATO EUROPA FUND LTD

EURO CLASS
Graham Clapp & Edward Rumble
31 May 08
POLAR CAPITAL EUROPEAN

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
W
M
SIERRA EUROPE OFFSHORE, LTD 28 Feb 97

- CLASS C USD
Charles Michaels
SUSA EUROPEAN EQUITIES FUND 28 Feb 09

CLASS A NIE EUR
Reza Amiri
TRIAS L/S FUND

Entrepreneur Partners AG / Kilian
Kentrup
30 Apr 12
$588M
Jul 16
243.98
66M
Oct 15
109.88
$83M
Jun 16
164.59
NOK747M
Jun 16
158.64
730M
Mar 16
584.08
3'708M
Jul 16
216.38
109M
Jun 16
156.82
17M
Apr 16
141.22
CHF105M
Mar 16
2,759.90
53M
Apr 16
131.40
$70M
Jul 16
531.93
$380M
Jul 16
184.06
92M
Jul 16
178.41
09 Aug 16
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

(5.36%)
0.56%
2.05%
9.98%
6.72%
16.17%
11.31%
4.29%
7.98%
7.14%
Max
Drawdown1
(21.75%)
Oct 07 - Feb 09
09 Aug 16
0.33%
(5.73%)
6.21%
-5.61%
7.94%
4.37%
-0.27%
1.53%
7.07%
(12.02%)
Sep 11 - Jul 12
05 Aug 16 (0.30%)
(4.46%)
7.31%
-5.72%
14.82%
-4.33%
5.58%
5.90%
6.32%
(11.33%)
Dec 13 - Aug 14
09 Aug 16
0.88%
0.20%
8.84%
15.85%
24.67%
13.42%
6.97%
(5.18%)
Dec 15 - Jan 16
05 Aug 16 (1.44%)
(30.23%)
-12.82%
5.48%
25.76%
30.69%
-20.56%
10.59%
17.83%
(50.64%)
Jan 94 - Jul 95
31 Jul 16
9.52%
(1.59%)
14.57%
2.58%
32.52%
16.89%
-10.68%
9.22%
12.00%
(12.25%)
May 08 - Dec 08
29 Jul 16
1.69%
0.47%
23.68%
-4.99%
1.99%
11.22%
-0.28%
5.66%
6.37%
(8.88%)
May 13 - Apr 14
05 Aug 16 (0.81%)
(2.37%)
-12.2%
2.97%
1.9%
8.07%
6.45%
3.39%
8.31%
(15.42%)
Dec 14 - Jun 16
05 Aug 16 (1.51%)
(13.77%)
4.25%
13.94%
20.33%
29.45%
-11.71%
9.43%
18.64%
(55.01%)
Jun 07 - Nov 08
05 Aug 16
0.04%
(8.74%)
-1.22%
3.63%
17.47%
2.95%
-0.84%
3.12%
7.38%
(14.50%)
Apr 15 - Jun 16
05 Aug 16
0.56%
(3.25%)
7.61%
-1.76%
4.48%
11.82%
4.88%
8.97%
8.62%
(16.98%)
Mar 00 - Jan 03
31 Jul 16
2.04%
(0.40%)
10.67%
-4.8%
17.78%
15.22%
-10.33%
8.56%
11.01%
(16.04%)
May 11 - Sep 11
09 Aug 16
0.82%
(8.85%)
22.56%
11.08%
33.7%
7.53%
14.49%
13.07%
(12.48%)
May 15 - Jun 16

Source - HSBC
24
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
TRIUM BLACKWALL EUROPE L/S
FUND
Thomas Karlovits
31 Dec 14

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
134M
Aug 16
11.22
$459M
Jul 16
128.08
$768M
Jun 16
337.96
163M
Sep 15
234.35
09 Aug 16
30 Nov 05
ANAVON MASTER FUND LTD

CLASS -BAvi Fruchter and Avraham Mevorah
31 Dec 10
M
M
ATLAS FUNDAMENTAL TRADING

30 Jun 08
FUND LTD
Dmitry Balyasny, Managing Partner &
CIO
BLUEMOUNTAIN LONG SHORT

EQUITY FUND L.P.
LLC
30 Jun 11
DUET GLOBAL PLUS FUND

Jason McNab
31 Jul 10
ECOFIN VISTA LONG SHORT FUND 30 Nov 12

Matthew Breidert
EXANE TEMPLIERS FUND

Jean-Francois Roussel, Stphane
Arrouays, Henri-Daniel Samama,
Exane Asset Management
28 Feb 06
FARRINGDON ALPHA ONE

31 Dec 06
Bram Cornelisse, Andreas Tholstrup,
Dennis van Wees
2014
9.6%
2013
2012
2011
Ann.
Return
Ann.
Volatility
7.49%
4.52%
Max
Drawdown1
(1.68%)
31 Jul 16
1.48%
(7.25%)
26.81%
-2.65%
11.87%
8.35%
10.20%
(8.61%)
31 Jul 16
2.49%
3.68%
14.66%
2.64%
14.43%
6.9%
-1.72%
11.42%
8.24%
(7.41%)
Apr 06 - Sep 06
05 Aug 16 (0.42%)
(8.04%)
19.06%
-6.33%
8.9%
11.02%
3.56%
8.29%
10.67%
(19.14%)
Aug 08 - Oct 08
337.16
$68M
Jul 16
140.82
$247M
Apr 16
1,490.51
$880M
Jun 16
147.36
$1'500M
Jun 16
125.82
$90M
Jun 16
108.60
$480M
Jul 16
Ytd Avg. 2016

(5.36%)
0.00%
2.47%
2015
Dec 15 - Jun 16
$217M
Jul 16
144M
Apr 15
YTD
May 15 - Jun 15
Equity-Diversified/Global
Harald James Otterhaug
MTD
05 Aug 16
Ytd Avg. 2016

(3.61%)
1.04%
11.38%
58.52%
-9.85%
4.75%
0.95%
16.27%
12.04%
11.08%
(16.84%)
Oct 13 - Oct 14
30 Jun 16
3.50%
2.11%
-2.07%
6.66%
11.45%
12.62%
5.19%
6.42%
8.25%
(11.31%)
May 15 - Jan 16
31 Jul 16
(0.09%)
1.70%
4.86%
12.64%
8.54%
-3.47%
7.52%
5.06%
8.15%
(13.57%)
Sep 11 - Jun 13
05 Aug 16 (0.40%)
(3.50%)
2.83%
19.48%
19.48%
3.66%
0.34%
7.89%
6.69%
(12.86%)
Jul 15 - Apr 16
31 Jul 16
(0.11%)
0.10%
0.84%
-0.38%
3.95%
11.05%
8.05%
4.88%
2.92%
(2.56%)
Feb 14 - May 14
30 Jun 16 (0.15%)
(5.39%)
7.61%
-0.21%
7.14%
-0.24%
2.33%
8.20%
(14.23%)
May 15 - Mar 16
17,240.23 09 Aug 16 (0.14%)
(0.88%)
0.23%
-1.64%
1.85%
0.77%
0.49%
3.86%
3.03%
(3.81%)
Dec 13 - Jan 16
185.57
10 Aug 16
0.67%
(12.62%)
11.35%
6.78%
10.56%
19.44%
-12.63%
6.64%
11.13%
(16.50%)
May 08 - Oct 08

Source - HSBC
25
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
GLADE BROOK GLOBAL
OFFSHORE FUND LTD CLASS-ANRPaul Hudson
30 Sep 11
HABROK LTD
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
Q
M
M
LANSDOWNE DEVELOPED
31 Jul 01
MARKET FUND, LTD (GBP) NNI
Peter Davies, Stuart Roden, Jonathon
Regis
LAZARD GLOBAL HEXAGON FUND 31 May 10

Jean-Daniel Malan

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
Q
M
MAVERICK FUND LTD - CLASS A/1 28 Feb 95

Lee Ainslie III
MS ASCEND UCITS FUND CLASS I

EUR
Malcolm Fairbairn
30 Apr 11
PARUS FUND PLC USD CLASS

Parus Finance, Fabrice Vecchioli
31 Dec 02 Bi-weekly
PASSPORT GLOBAL STRATEGY

FUND
John Burbank
31 Jul 00
$284M
May 16
1,298.08
$78M
Jul 16
301.00
$1'062M
May 16
727.99
$250M
Jun 16
160.31
$10'592M
Apr 16
692.50
$326M
Feb 16
118.80
$89M
Apr 16
99.47
$932M
Jul 16
169.24
$8'147M
Jul 16
469.71
$1'152M
Jul 16
261.09
$2'000M
Jan 16
1,603.15
$230M
Dec 15
1,027.57
$784M
May 16
493.20
$1'900M
Jun 16
1,038.96
31 Jul 16
MTD
YTD
2015
Ytd Avg. 2016

(3.61%)
2.50%
(7.88%)
13.12%
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
-1.36%
19.76%
13.1%
-6.77%
5.54%
9.56%
Max
Drawdown1
(10.75%)
Dec 15 - Feb 16
31 Jul 16
3.66%
(2.00%)
0.84%
7%
13.13%
6.27%
-14.36%
9.34%
14.59%
(37.31%)
May 08 - Jan 09
10 Aug 16 (1.01%)
2.12%
20.45%
12.63%
19.15%
16.28%
-2.98%
13.63%
16.39%
(33.75%)
Feb 09 - Jun 10
30 Jun 16 (0.88%)
0.31%
9.04%
6.56%
15.74%
16.75%
1.79%
10.64%
5.50%
(4.87%)
May 15 - Jan 16
05 Aug 16
1.61%
(12.11%)
16.84%
11.49%
33.26%
17.87%
-20.07%
13.75%
10.78%
(20.07%)
Dec 10 - Dec 11
05 Aug 16 (0.38%)
(4.85%)
1.28%
-2.22%
8.97%
13.27%
-1.94%
2.66%
4.98%
(8.65%)
Apr 15 - Jun 16
31 May 16
9.90%
(17.27%)
-1.47%
12.27%
8.69%
(0.19%)
17.74%
(34.83%)
May 15 - Apr 16
05 Aug 16
1.21%
(0.74%)
3.34%
8.23%
23.82%
11.78%
-18.03%
14.16%
12.58%
(30.15%)
Sep 87 - Oct 87
09 Aug 16
0.41%
(1.52%)
12.05%
8.44%
21.61%
7.45%
9.74%
12.66%
8.74%
(23.24%)
Oct 07 - Oct 08
09 Aug 16 (0.42%)
3.39%
6.38%
6.3%
13.37%
6.83%
27.16%
13.75%
9.21%
(7.61%)
Jan 15 - Apr 15
05 Aug 16 (1.41%)
(5.19%)
16.01%
8.51%
16.46%
15.46%
-14.85%
11.66%
11.21%
(30.04%)
May 08 - Nov 08
08 Aug 16 (0.26%)
(7.59%)
1.62%
5.11%
12.16%
-0.14%
-7.06%
0.52%
4.05%
(8.45%)
Jul 15 - Aug 16
07 Aug 16
0.51%
(13.46%)
12.48%
3.75%
26.37%
23.69%
-6%
14.89%
14.03%
(15.49%)
Apr 11 - Sep 11
31 Jul 16
0.50%
(7.17%)
10.19%
0.9%
23.02%
11.08%
-18.74%
15.74%
24.94%
(52.74%)
Jun 08 - Dec 08

Source - HSBC
26
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
PASSPORT LONG SHORT
STRATEGY FUND
John Burbank
30 Jun 10
PASSPORT SPECIAL
30 Apr 08
OPPORTUNITIES FUND LTD CLASS
AA
John Burbank
HY
PLATINUM FUND LTD

Kerr Neilson
31 May 94
RWC ASIA ABSOLUTE ALPHA

FUND -BGarret Mallal
31 Jan 10
SR GLOBAL FUND C INTERNATIONAL (Real Perf)

Hugh Sloane
31 Dec 93
SR GLOBAL FUND INC - G GLOBAL OPPORTUNITIES PTF

(Real Perf)
Richard Chenevix-Trench
29 Feb 96
SR PHOENICIA INC CLASS -ASERIES 1

Richard Atherton
31 Jul 01
STK CAPITAL GLOBAL EQUITIES

Daniel Grozdea
30 Nov 10
$1'000M
Jul 16
142.34
$401M
Jul 16
218.35
$366M
Jul 16
84.74
$11M
Jul 16
141.70
$530M
Feb 16
685.12
$390M
Feb 16
1,334.61
$100M
Feb 16
503.92
$98M
Apr 16
132.45
31 Jul 16
31 Dec 04
MARATHON VERTEX JAPAN FUND 31 May 03

LTD CLASS B
William Arah

Greg McEntyre
31 Oct 03
SR GLOBAL FUND H - JAPAN (Real 30 Sep 03

Perf)
Hugh Sloane, Alex Kydd
UMJ KOTOSHIRO FUND

Masahiro Koshiba
31 Oct 08
YTD
2015
Ytd Avg. 2016

(3.61%)
(0.40%)
(2.46%)
10.12%
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
-6.24%
19.89%
12.13%
-7.19%
5.97%
7.97%
Max
Drawdown1
(10.06%)
Apr 11 - Dec 11
31 Jul 16
0.40%
(12.40%)
17.81%
9.94%
45.5%
-5.67%
-19.91%
9.92%
26.46%
(43.24%)
Jun 08 - Nov 08
05 Aug 16 (0.22%)
(0.70%)
-3.08%
-2.67%
21.76%
17.44%
-13.51%
10.11%
12.22%
(30.48%)
Oct 07 - Feb 09
11 Aug 16 (1.57%)
0.39%
11.02%
0.29%
12.92%
6.59%
0.45%
5.48%
6.64%
(6.47%)
Feb 14 - Apr 14
05 Aug 16 (1.79%)
(1.70%)
4.95%
8.36%
36.28%
1.03%
-24.27%
11.78%
20.71%
(50.10%)
Apr 08 - Aug 12
05 Aug 16 (0.40%)
(3.94%)
0.92%
2.7%
18.09%
-0.88%
-17.2%
16.57%
17.25%
(37.25%)
Oct 07 - Feb 09
05 Aug 16
0.90%
(4.67%)
4.18%
4.63%
20.89%
8.13%
-20.97%
11.36%
17.26%
(56.02%)
Oct 07 - Feb 09
30 Jun 16 (1.18%)
(1.79%)
-1.98%
5.27%
16.09%
9.35%
-1.64%
5.16%
8.56%
(11.78%)
Feb 15 - Feb 16
Equity-Diversified/Japan
AKAMATSU FUND
Philip Kay
MTD
$50M
Jul 16
184.54
$448M
May 16
2,595.38
$309M
Apr 16
362.87
$110M
Feb 16
148.40
$299M
Jul 16
207.33
31 Jul 16
Ytd Avg. 2016

(13.36%)
(2.05%) (10.38%)
2.45%
5.88%
21.71%
-3.45%
-0.85%
5.43%
7.57%
(12.63%)
Jul 15 - Jul 16
29 Jul 16
4.33%
(12.02%)
15.58%
2.91%
23.38%
4.89%
0.59%
7.51%
8.84%
(15.95%)
Nov 15 - Jun 16
05 Aug 16 (7.11%)
(21.92%)
18.6%
10.82%
82.11%
44.54%
7.42%
10.62%
20.14%
(55.47%)
Jan 06 - Oct 10
05 Aug 16 (3.30%)
(19.34%)
0.97%
0.41%
62.51%
31.05%
-8.33%
3.37%
20.07%
(35.57%)
Mar 08 - Jul 10
30 Jun 16 (2.68%)
(3.14%)
5.72%
15.2%
32.05%
17.83%
12.2%
9.97%
8.13%
(9.48%)
Jul 09 - Sep 10

Source - HSBC
27
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
Equity-Diversified/Russia
FIREBIRD NEW RUSSIA FUND, LTD 30 Jun 96
- CLASS A
Harvey Sawikin & Ian Hague
$64M
Jun 16
1,736.96
28 Feb 05
BLACKROCK UK EQUITY HEDGE

FUND
Nigel Ridge & Imran Sattar
30 Apr 05
M
M
PEGASUS FUND LIMITED SHARES 31 Oct 97

A-1
Martin Hughes
THREADNEEDLE UK ABSOLUTE
ALPHA FUND
Chris Kinder & Mark Westwood
30 Sep 10
31 Jan 93
ALLIANCEBERNSTEIN SELECT US 30 Nov 99

EQUITY LONG SHORT
Kurt Feuerman
Q/Y
ASCEND PARTNERS FUND II LTD - 31 Jan 04

A
Malcolm Fairbairn
BAY RESOURCES PARTNERS

OFFSHORE FUND
Thomas Claugus
31 Jul 98
BCM WESTON LP (BILLINGS

CAPITAL MANAGEMENT)
Billings Capital Management LLC
31 Jan 08
COBALT OFFSHORE LTD

Wayne Cooperman
31 Dec 96
ELM RIDGE CAPITAL PARTNERS

L.P.
Ronald Gutfleish
31 Dec 99
Q
Q
2015
Ytd Avg. 2016

21.51%
0.86%
21.51%
-11.33%
$6'925M
Mar 16
262.31
$585M
Jun 16
232.93
$76M
Jun 16
60.78
$970M
Oct 15
134.99
Ytd Avg. 2016

1.69%
30 Jun 16 (2.03%)
(1.38%)
7.74%
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
-34.59%
4.08%
11.42%
-14.62%
15.25%
37.62%
Max
Drawdown1
(81.79%)
4.01%
16.77%
3.87%
-0.47%
8.87%
5.82%
(10.72%)
May 07 - Mar 08
05 Aug 16
0.21%
1.82%
8.35%
6.93%
6.42%
4.27%
2.48%
7.79%
5.45%
(11.70%)
Jun 08 - Oct 08
31 Jul 16
0.76%
10.53%
-4.12%
-15.75%
63.79%
1.12%
-1.15%
10.14%
14.85%
(35.27%)
May 98 - Oct 98
10 Aug 16 (0.50%)
(4.23%)
7.19%
5.4%
10.7%
2.91%
4.22%
5.25%
4.26%
(5.26%)
Dec 15 - Jun 16
Equity-Diversified/USA
AJR INTERNATIONAL (BVI), INC. A/1
Alexander J. Roepers
YTD
Mar 98 - Sep 98
Equity-Diversified/UK
ALPHAGEN OCTANIS CLASS A
Ben Wallace & Luke Newman
05 Aug 16
MTD
$1'300M
Dec 15
1,027.79
$137M
Jun 16
4,659.25
$400M
Jun 16
201.65
$2'113M
Jul 16
10,767.64
$94M
Jul 16
281.94
$279M
Apr 16
762.29
$349M
Apr 16
392.92
05 Aug 16
Ytd Avg. 2016

(2.27%)
0.92%
(1.49%)
-7.15%
-6.92%
20.33%
3.85%
-6%
10.41%
18.68%
(44.44%)
May 08 - Dec 08
09 Aug 16
0.22%
2.73%
-0.78%
2.76%
16.27%
6.17%
0.81%
9.65%
7.08%
(9.98%)
May 08 - Feb 09
05 Aug 16
0.06%
(4.64%)
2.63%
4.75%
11.59%
3.48%
-2.86%
5.76%
4.18%
(5.23%)
Apr 11 - Dec 11
31 Jul 16
4.50%
1.37%
-1.62%
5.04%
22.23%
9.24%
-6.89%
14.10%
15.47%
(39.02%)
May 08 - Feb 09
31 Jul 16
5.36%
12.65%
4.37%
3.42%
50.32%
15.2%
-8.95%
12.96%
13.17%
(20.35%)
Jun 15 - Jan 16
31 Jul 16
1.27%
(4.21%)
-1.12%
4.92%
8.88%
4.49%
-0.66%
10.92%
7.84%
(19.53%)
Apr 98 - Sep 98
31 Jul 16
(1.50%)
6.79%
-29.96%
-1.31%
22.28%
-14.08%
0.7%
8.60%
13.86%
(37.41%)
Aug 14 - Feb 16

Source - HSBC
28
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
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
HINOKI FUND LP
Ellen Adams & Dan Sheridan
30 Jun 12
IVORY CAPITAL FLAGSHIP

STRATEGY
Curtis Macnguyen
30 Nov 98
IVORY OPTIMAL FUND LTD

Curtis Macnguyen
31 Dec 08
MARLIN FUND LP
Michael Masters
30 Jun 95
NEUBERGER BERMAN US LONG

SHORT EQUITY FUND
Neuberger Berman Group LLC
28 Feb 14
M
Q
Q
M
D
OKUMUS OPPORTUNISTIC VALUE 31 Dec 12

FUND, LTD CLASS A
Ahmet H. Okumus
HY
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 - 30 Sep 09

CLASS B
Mike Corcell
SANDLER PLUS OFFSHORE FUND 30 Sep 05

LTD
Sandler Capital Mgmt, Andrew
Sandler
$190M
Jun 16
271.03
$3'155M
Jun 16
550.16
Date
YTD
2015
Ytd Avg. 2016

(2.27%)
30 Jun 16 (2.17%)
(0.96%)
19.64%
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
9.76%
25.15%
25.9%
14.77%
12.44%
13.41%
Max
Drawdown1
(27.44%)
May 08 - Feb 09
31 Jul 16
3.88%
(7.42%)
-18.12%
14.44%
42.9%
24.24%
-10.95%
11.56%
16.51%
(49.17%)
May 07 - Dec 08
$2'923M 142,964.72 31 Jul 16

Jan 16
$70M
Apr 16
133.71
$732M
Jul 16
4,144.49
$1'595M
Jul 16
191.25
$432M
Jun 16
MTD
31 Jul 16
4.90%
5.07%
-20.38%
7.51%
18.76%
7.66%
1.86%
14.34%
10.93%
(27.17%)
May 08 - Oct 08
0.94%
(7.17%)
18.12%
-4.9%
26.05%
1.73%
7.37%
10.52%
(12.58%)
Feb 14 - Apr 14
05 Aug 16 (0.82%)
(2.29%)
-4.91%
6.8%
17.07%
10.5%
-3.54%
8.37%
5.95%
(12.61%)
May 08 - Nov 08
05 Aug 16 (1.19%)
(4.15%)
-6.53%
11.31%
28.31%
16.41%
-4.37%
8.91%
8.34%
(15.01%)
May 15 - Feb 16
11,074.10 30 Jun 16 (7.00%)
(9.61%)
-8.43%
21.72%
77.47%
31.53%
-17.77%
25.10%
24.99%
(60.15%)
Oct 07 - Feb 09
$161M
May 16
10.32
$376M
Apr 16
148.76
$1'400M
Feb 16
1,305.16
$2'734M
Jun 16
291.27
$454M
Jul 16
135.10
$129M
Jul 16
314.46
10 Aug 16 (0.29%)
2.99%
-4.21%
4.61%
1.29%
6.62%
(8.39%)
Mar 15 - Jan 16
30 Apr 16
7.48%
(25.36%)
14.25%
29.71%
34.49%
12.66%
19.85%
(36.06%)
Jun 15 - Mar 16
30 Jun 16 (5.33%)
(7.15%)
-10.05%
-1.89%
30.17%
27.99%
-1.46%
11.05%
14.59%
(40.57%)
May 07 - Feb 09
05 Aug 16 (1.21%)
15.38%
16.53%
13.84%
16.78%
8.29%
34.12%
10.19%
10.48%
(35.73%)
May 07 - Apr 09
10 Aug 16
0.08%
(3.88%)
5.37%
5.45%
14.28%
16.32%
-2.24%
4.48%
6.08%
(9.19%)
Apr 10 - Dec 11
05 Aug 16
0.40%
2.53%
12.97%
5.68%
10.38%
5.62%
8.91%
11.13%
10.22%
(14.88%)
Dec 07 - Mar 09

Source - HSBC
29
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
SEMINOLE OFFSHORE FUND
Michael G. Messner, Paul C.
Shiverick
31 May 98
ZWEIG-DIMENNA INTL LIMITED CLASS A

Joseph DiMenna
31 May 87
$682M
Jun 16
$1'091M
Jun 16
741.13
31 Jul 16
MTD
YTD
2015
Ytd Avg. 2016

(2.27%)
1.00%
(1.48%)
-7.29%
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
11.04%
23.18%
5.08%
-0.7%
11.65%
12.00%
Max
Drawdown1
(15.62%)
May 02 - Mar 03
88,057.89 30 Jun 16 (2.89%)
(19.58%)
1.79%
4.64%
21.25%
-1.18%
-2.37%
12.92%
14.90%
(50.23%)
Feb 00 - Dec 02
Equity-Energy
Ytd Avg. 2016
52.28%
Equity-Energy/USA
DORSET ENERGY FUND, LTD CLASS A
David M. Knott, Donald Textor
31 Oct 00
$115M
May 16
34.50
05 Aug 16
Ytd Avg. 2016

52.28%
2.74%
52.28%
-44.05%
-27.2%
29.76%
-6.43%
-1.27%
8.17%
25.55%
(70.37%)
Jun 14 - Feb 16
Equity-Financial
Ytd Avg. 2016
(12.25%)
Equity-Financial/Global
Abaco Asset Management LLP
31 May 03
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 POND A/1 NI
Nicholas C. Adams, Partner
31 Dec 95
M
M
M
HY
392M
Jul 16
235.06
$96M
Jul 16
143.48
$543M
Jul 16
258.88
$3'683M
Jun 16
169.96
31 Jul 16
Ytd Avg. 2016

(12.25%)
0.48%
(0.30%)
10.15%
-11.47%
15.74%
4.84%
12.67%
6.70%
6.15%
(11.68%)
Nov 13 - Dec 14
09 Aug 16 (0.08%)
(5.67%)
10.31%
6.52%
5.76%
-0.75%
3.21%
4.75%
5.70%
(8.01%)
Nov 11 - Aug 12
31 Jul 16
7.12%
(15.13%)
14.57%
-6.79%
30.5%
24.94%
1.14%
6.19%
17.04%
(67.54%)
Dec 07 - Nov 08
30 Jun 16 (9.80%)
(27.88%)
8.16%
-1.68%
20.27%
20.41%
-12.53%
14.81%
16.99%
(63.22%)
Apr 98 - Mar 99
Equity-Healthcare
Ytd Avg. 2016
(11.04%)
Equity-Healthcare/Global
CCI HEALTHCARE PARTNERS LTD 31 Dec 00
Oliver Marti, CCI Healthcare Partners
CCI MICRO HEALTHCARE

31 Dec 12
PARTNERS LTD
$408M
Jun 16
318.01
$42M
Jun 16
170.11
31 Jul 16
Ytd Avg. 2016

(11.04%)
4.90%
(4.35%)
-7.25%
7.67%
26.54%
6.56%
3.99%
7.70%
8.89%
(20.58%)
Mar 15 - Mar 16
30 Jun 16 (5.71%)
(16.15%)
5.39%
20.54%
59.69%
16.40%
23.27%
(28.85%)
Jul 15 - Feb 16

Source - HSBC
30
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Equity-Healthcare/Global
JENOP GLOBAL HEALTHCARE
FUND LTD SERIES A
David Chan
31 Oct 12
MLIS - CCI HEALTHCARE LONG

31 Jan 10
SHORT UCITS FUND - B (acc) USD
$167M
Jun 16
12.24
$506M
Oct 15
131.01
Date
MTD
YTD
2015
Ytd Avg. 2016

(11.04%)
05 Aug 16 (0.55%) (18.54%)
-2.68%
2014
2013
2012
21.95%
27.17%
-0.45%
2011
Ann.
Return
Ann.
Volatility
5.51%
15.69%
Max
Drawdown1
(29.84%)
Jul 15 - Jun 16
09 Aug 16 (0.54%)
(5.11%)
-7.93%
7.41%
26.97%
5.51%
2.72%
4.23%
9.76%
(21.03%)
Mar 15 - Mar 16
Equity-Mid-Small Cap
Ytd Avg. 2016
0.13%
Equity-Mid-Small Cap/Europe
PELHAM LONG/SHORT SMALL CAP 31 Oct 14
FUND LTD
Ross Turner
POLAR CAPITAL EUROPEAN

FORAGER FUND LTD - AX
Robert Gurner & Andrew Marsh
31 Jul 03
457M
Jul 16
137.99
466M
Apr 16
283.11
$332M
Mar 16
05 Aug 16 (1.51%)
31 Oct 08

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
Q
M
Q
Q
TONGA PARTNERS LP
30 Jun 92
J. Carlo Cannell, Cannell Capital LLC
HY
TRISTAN PARTNERS LP
31 May 05
J. Carlo Cannell, Cannell Capital LLC
HY
20.19%
16.32%
(13.83%)
(11.04%)
-1.67%
4.76%
11.79%
11.93%
2.39%
8.32%
7.46%
(21.47%)
Oct 07 - Feb 09
440.93
Ytd Avg. 2016

(4.52%)
30 Jun 16 (5.53%)
(4.52%)
-4.72%
-2.54%
13.47%
12.7%
1.02%
11.03%
8.60%
(16.23%)
Jun 14 - Jun 16
Equity-Mid-Small Cap/USA
COOPER CREEK PARTNERS LLC
Robert Schwartz
3.41%
May 16 - Jun 16
Equity-Mid-Small Cap/UK
ALPHAGEN VOLANTIS FUND, LTD - 30 Apr 02
A (USD)
Rob Giles & Adam McConkey
31 Jul 16
Ytd Avg. 2016

(8.77%)
6.52%
(6.50%)
42.71%
$190M
Jul 16
210.81
$127M
May 16
164.40
$107M
Jun 16
2,244.02
$688M
Jun 16
2,434.77
$60M
Jun 16
2,480.48
$57M
Jun 16
310.09
31 Jul 16
Ytd Avg. 2016

3.88%
7.70%
14.29%
7.27%
2%
27.15%
9.93%
-13.51%
10.10%
10.41%
(22.12%)
Feb 11 - Sep 11
30 Jun 16 (0.60%)
1.25%
-13.46%
8.83%
26.65%
14.64%
-1.07%
16.82%
22.71%
(49.05%)
May 07 - Feb 09
31 Jul 16
1.83%
5.95%
-9.77%
3.63%
15.93%
9.43%
-4.99%
8.00%
7.45%
(13.18%)
Jun 15 - Jan 16
31 Jul 16
9.65%
4.13%
-17.34%
22.21%
79.39%
34.84%
-34%
17.94%
35.97%
(70.54%)
Feb 00 - Sep 02
31 Jul 16
3.60%
(0.29%)
-12.61%
12.36%
34.84%
24.02%
-9.02%
14.25%
15.26%
(50.33%)
Jun 07 - Apr 09
31 Jul 16
4.80%
(2.08%)
-6.76%
-3.87%
38.52%
17.18%
20.24%
10.66%
16.54%
(49.97%)
Jun 07 - Feb 09

Source - HSBC
31
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

(4.49%)
0.96%
(4.11%)
49.6%
20.3%
43.88%
27.75%
5.82%
19.37%
16.90%
Max
Drawdown1
Equity-Pharma-Biotech
Ytd Avg. 2016
(4.49%)
Equity-Pharma-Biotech/USA
PERCEPTIVE LIFE SCIENCES
OFFSHORE FUND LTD
Joseph Edelman
31 Jul 00
SIVIK GLOBAL HEALTHCARE

OFFSHORE - A/01-01
Krishen Sud
30 Jun 01
VISIUM BALANCED OFFSHORE

FUND CL 2
Jacob Gottlieb
31 Oct 05
Q/Y
$1'268M
Apr 16
1,706.34
$42M
Feb 16
2,468.78
$3'408M
Feb 16
251.34
05 Aug 16
(24.43%)
Dec 07 - Nov 08
31 Jul 16
6.14%
1.37%
-5.08%
25.55%
20.95%
13.88%
-8.27%
6.17%
11.72%
(32.70%)
Oct 07 - Feb 09
30 Jun 16 (1.59%)
(10.74%)
5.56%
7.78%
18.57%
10.31%
1.89%
9.02%
8.79%
(15.79%)
Aug 08 - Dec 08
Equity-Technology
Ytd Avg. 2016
(0.28%)
Equity-Technology/Global
EXANE ARCHIMEDES FUND CLASS 30 Sep 06
A CAP
Gilles Lenoir and Csar Zeitouni
1'280M
Jul 16
Ytd Avg. 2016

(0.97%)
17,482.41 09 Aug 16 (0.00%)
(0.97%)
3.76%
$530M
Jun 16
3.84%
-0.19%
3.99%
5.83%
4.32%
(5.10%)
Nov 11 - May 12
Equity-Technology/USA
SELIGMAN TECH SPECTRUM
31 Dec 06
FUND CLASS -A1-S/2-2002
J. & W. Seligman & Co. Incorporated
8.21%
475.68
Ytd Avg. 2016

0.42%
30 Jun 16 (1.54%)
0.42%
8.35%
30%
11.22%
0.65%
-0.21%
9.54%
11.67%
(19.91%)
May 08 - Nov 08
Equity-Utility
Ytd Avg. 2016
1.53%
Equity-Utility/Europe
CYGNUS UTILITIES,
INFRASTRUCTURE &
RENEWABLES
Cygnus Asset Management
30 Apr 06
$245M
Jul 16
1,884.33
Ytd Avg. 2016

1.93%
30 Jun 16 (0.70%)
1.93%
-0.98%
28 Feb 13
$605M
Jul 16
2.98%
10.88%
-2.7%
6.42%
7.20%
(10.69%)
Nov 09 - Aug 11
Equity-Utility/Global
ELECTRON GLOBAL FUND, L.P.
Electron Capital Partners, LLC
4.09%
132.59
05 Aug 16
Ytd Avg. 2016

1.13%
0.74%
1.13%
17.63%
-2.84%
14.71%
8.56%
7.42%
(7.85%)
May 15 - Aug 15

Source - HSBC
32
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

(2.75%)
10.40%
(2.75%)
-9.31%
5.33%
26.16%
28.67%
-4.16%
7.70%
15.05%
Max
Drawdown1
Equity-Diversified
Ytd Avg. 2016
(2.75%)
MARCATO INTERNATIONAL LTD
Richard McGuire, Marcato Capital
Management LLC
30 Sep 10
$1'784M
Aug 15
154.22
31 Jul 16
(26.08%)
May 15 - Feb 16
Merger-Arbitrage
Ytd Avg. 2016
3.45%
Merger-Arbitrage/Global
TIG ARBITRAGE ENHANCED FUND 31 Dec 06
Drew Figdor
$148M
Jun 16
227.95
31 Jul 16
Ytd Avg. 2016

3.45%
0.09%
3.45%
1.83%
1.72%
13.34%
7.34%
6.85%
8.97%
7.72%
(10.97%)
Oct 07 - Oct 08
Multi-Strategy
Ytd Avg. 2016
1.00%
Multi-Strategy/Europe
CYGNUS EUROPA EVENT DRIVEN 30 Jun 10
FUND
Jose Luis Perez Esteve
MLIS - OZ EUROPE UCITS FUND

CLASS B EUR
David Windreich, Och-Ziff Capital
Management Group
31 Mar 11
PORTLAND HILL OVERSEAS FUND 31 May 12

LTD
Thierry Lucas
$184M
Jun 16
2,150.69
$379M
Oct 15
106.35
$135M
Jun 16
143.92
31 Jul 16
ANDALUSIAN CORPORATE
OPPORTUNITIES FUND LP
Michael Reeber, Harrison M.
Wreschner
31 Jul 09
22.57%
32.14%
9.47%
-0.26%
13.41%
9.96%
(15.90%)
Oct 11 - Jul 12
08 Aug 16
0.28%
(5.99%)
4.96%
-6.7%
14.37%
10.74%
-8.79%
1.15%
6.53%
(10.96%)
Apr 11 - Nov 11
30 Jun 16 (3.20%)
(3.09%)
17.54%
0.25%
17.1%
7.62%
9.32%
8.46%
(6.30%)
Dec 15 - Jan 16
Multi-Strategy/Global
AG SUPER FUND INTERNATIONAL, 30 Apr 93
LTD
Michael Gordon & Dave Kamin
Ytd Avg. 2016

(5.01%)
(0.42%)
(5.96%)
27.54%
$443M
Jun 16
1,736.09
$127M
Apr 16
192.35
05 Aug 16
Ytd Avg. 2016

1.94%
0.45%
6.44%
-6.41%
2.63%
16.86%
13.67%
-2.62%
9.08%
5.38%
(24.78%)
Jun 07 - Dec 08
31 Mar 16
4.25%
(8.75%)
-22.85%
5.37%
41.15%
30.08%
1.49%
10.30%
11.86%
(36.95%)
Aug 14 - Feb 16

Source - HSBC
33
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
BG UMBRELLA FUND PLC
Boussard & Gavaudan Investment
Management
28 Feb 03
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
ECF VALUE FUND INTERNATIONAL 30 Jun 02

LTD
Gates Capital Management Inc.
GREYWOLF CAPITAL OVERSEAS

FUND
Greywolf Capital Management LP
31 Jul 03
KG INVESTMENT FUND LLC

KG Funds Management LLC
31 Dec 08
KITE LAKE (KL) SPECIAL

Jamie Sherman & Jan Lernout
31 Jan 11
MOAB PARTNERS OFFSHORE

FUND LTD
Moab Capital Partners, LLC, Michael
Rothenberg
31 Mar 06
OMNI EVENT FUND LIMITED

Omni Partners LLP, John Melsom
31 Aug 13
OWL CREEK OVERSEAS FUND,

LTD
Jeffrey Altman
31 Jan 02

William Ackman
31 Dec 04
Q
Q
M
Y
Q/Y
PSAM WORLDARB MASTER FUND 31 Aug 98

LTD
P. Schoenfeld Asset Management LP
SOLUS SOLA LTD CL. I

Chris Pucillo, Scott Martin, CJ
Lanktree
31 Dec 01
TRIAN PARTNERS LTD

31 Dec 05
Nelson Peltz, Peter May & Ed Garden
1'590M
Jul 16
144.08
$7'738M
Apr 16
519.40
$91M
Apr 16
199.07
$1'811M
Aug 16
646.73
$955M
Jun 16
252.72
$140M
May 16
309.17
$219M
Jun 16
144.18
$174M
Jun 16
235.47
$113M
Jun 16
125.84
$2'058M
Jun 16
4,642.94
$3'967M
Apr 16
3,640.03
$900M
Jul 16
352.01
$3'971M
Aug 16
1,250.20
$2'640M
Jun 16
236.13
Date
MTD
YTD
2015
Ytd Avg. 2016

1.94%
05 Aug 16 (0.24%)
6.73%
10.77%
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
4.23%
11.56%
8.49%
-5.04%
7.06%
5.79%
Max
Drawdown1
(22.71%)
May 07 - Nov 08
05 Aug 16
0.18%
4.05%
1.68%
5.15%
10.24%
8.49%
1.59%
8.25%
3.65%
(11.22%)
Oct 07 - Nov 08
30 Jun 16
0.05%
(1.87%)
-8.8%
1.92%
11.65%
20.78%
-1.62%
8.98%
9.16%
(17.93%)
Jun 14 - Feb 16
31 Jul 16
6.70%
25.56%
-20.57%
-2.28%
18.9%
26.22%
2.09%
14.16%
16.84%
(43.83%)
May 07 - Dec 08
30 Jun 16
1.87%
(2.66%)
-14.14%
5.67%
15.74%
3.8%
-1.09%
7.44%
9.64%
(27.67%)
Jul 07 - Dec 08
31 Jul 16
5.88%
(2.49%)
12.44%
8.97%
26.85%
21.93%
12.4%
16.04%
13.69%
(20.31%)
Dec 08 - Feb 09
30 Jun 16 (2.23%)
1.71%
8.99%
1.31%
9.44%
11.94%
4.8%
6.99%
5.39%
(8.21%)
Mar 12 - Jun 12
05 Aug 16
0.20%
6.08%
4.31%
9.77%
18.26%
4.76%
-0.82%
8.62%
7.26%
(16.75%)
Aug 08 - Feb 09
30 Jun 16 (0.10%)
6.56%
16.55%
-3.49%
6.34%
8.94%
7.11%
(8.29%)
Sep 14 - Oct 14
05 Aug 16
0.30%
3.21%
-2.95%
-8%
48.63%
11.07%
-15.44%
11.15%
12.59%
(20.92%)
Mar 10 - Sep 11
09 Aug 16
1.20%
(14.46%)
-16.66%
37.24%
9.3%
12.39%
-2.03%
11.77%
14.76%
(39.81%)
Jul 15 - Mar 16
30 Jun 16 (0.23%)
4.50%
-7.2%
3.51%
18.08%
10.66%
1.94%
7.31%
6.60%
(29.14%)
May 07 - Nov 08
05 Aug 16
0.63%
0.99%
0.35%
10.04%
31.78%
9.11%
-1.73%
18.88%
13.42%
(21.93%)
Feb 08 - Apr 09
05 Aug 16
0.19%
4.50%
4.38%
10.52%
40.06%
0.9%
3.98%
8.44%
13.09%
(30.56%)
May 07 - Feb 09

Source - HSBC
34
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
TRISHIELD SPECIAL SITUATIONS
FUND LLC
Jeff Buick and Robert Harteveldt.
31 May 08
TYRUS CAPITAL EVENT FUND LTD 30 Sep 09

Tony Chedraoui
WHITEBOX MULTI-STRATEGY
FUND
Andrew Redleaf, Paul Twitchell, Rob
Vogel
31 Dec 01
$138M
Apr 16
3,820.41
$2'200M
Jun 16
159.73
$507M
May 16
575.40
31 Mar 16
MTD
YTD
2015
Ytd Avg. 2016

1.94%
1.98%
(12.67%) -19.85%
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
15.65%
22.84%
52.21%
-8.38%
18.65%
29.64%
Max
Drawdown1
(34.32%)
Aug 14 - Feb 16
05 Aug 16 (0.36%)
4.43%
-1.31%
7.65%
15.74%
6.77%
-0.07%
7.07%
7.26%
(13.79%)
Jun 14 - Sep 15
05 Aug 16
0.47%
5.09%
-2.78%
6.16%
18.09%
11.38%
1.2%
12.73%
9.28%
(34.40%)
Jun 08 - Dec 08

Source - HSBC
35
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
MTD
YTD
2015
2014
2013
2012
18.54%
22.84%
-4.46%
2011
Ann.
Return
Ann.
Volatility
9.03%
10.56%
Max
Drawdown1
Fixed Income
Ytd Avg. 2016
3.98%
Fixed Income/Global
AXONIC SYSTEMATIC ARBITRAGE 31 Mar 12
OVERSEAS FUND LTD
Arnaud De Bevy
BLACKROCK FIXED INCOME

GLOBAL ALPHA FUND
Tim Webb
30 Sep 06
BLACKROCK OBSIDIAN FUND

Stuart Spodek
30 Jun 96
CAPULA GLOBAL RELATIVE VALUE 30 Sep 05

FUND LTD CLASS -AYan Huo, Masao Asai
III FUND LTD

Cliff G Viner
30 Jun 93
LMR ALPHA RATES TRADING

FUND, LTD
LMR Partners
31 May 14
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
M
Q
$166M
Jun 16
145.53
$2'100m
Jun 16
211.37
$1'700M
Jun 16
7,019.77
$9'268M
Jun 16
269.66
$183M
Jul 16
4,220.76
$787M
May 16
130.79
$83M
Jun 16
195.50
$1'333M
Aug 16
157.70
$894M
Aug 16
1,888.61
$292M
Aug 16
199.39
31 Jul 16
Ytd Avg. 2016

3.98%
2.20%
14.44%
-8.59%
(10.45%)
May 15 - Jan 16
30 Jun 16 (2.56%)
(3.87%)
2.77%
3.78%
6.04%
14.73%
19.93%
7.97%
5.13%
(10.54%)
Jun 08 - Dec 08
05 Aug 16
0.25%
1.04%
-0.14%
5.23%
10.83%
34.27%
-13.5%
10.17%
9.21%
(20.93%)
Jan 08 - Feb 09
05 Aug 16
0.40%
3.99%
7.53%
8.15%
7.56%
0.43%
6.21%
9.57%
4.21%
(7.41%)
Feb 08 - Mar 08
05 Aug 16 (0.06%)
3.22%
1.65%
2.87%
13.44%
11.83%
9.03%
6.43%
10.51%
(54.77%)
Jan 08 - Nov 08
05 Aug 16
0.50%
8.34%
15.05%
4.93%
13.08%
2.36%
(0.15%)
Mar 15 - Apr 15
05 Aug 16
0.27%
2.44%
-2.61%
-4.09%
3.38%
4.47%
2.27%
8.10%
5.40%
(8.75%)
Oct 13 - Jun 15
31 Jul 16
0.99%
7.35%
13.55%
2.27%
7.96%
11.71%
4.89%
10.24%
5.69%
(7.68%)
Mar 12 - May 12
05 Aug 16
0.31%
(0.55%)
1.88%
-3.34%
2.51%
6.02%
8.37%
6.23%
3.91%
(6.61%)
May 13 - Aug 14
05 Aug 16
0.04%
3.43%
5.67%
-0.27%
3.36%
1.91%
6.58%
5.48%
8.27%
(23.61%)
Jul 08 - Oct 08

Source - HSBC
36
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

(2.20%)
0.27%
(2.20%)
2.06%
4.48%
4.95%
4.21%
-3.61%
3.80%
4.51%
Max
Drawdown1
Arbitrage
Ytd Avg. 2016
(2.20%)
Arbitrage/Global
HSBC MAA FUND USD
15 Jun 95
HSBC Alternative Investments Limited
Q/M
$79M
Jun 16
219.60
15 Jul 16
(25.30%)
Jul 07 - Dec 08
Event Driven
Ytd Avg. 2016
(1.70%)
Event Driven/Global
GEMS PROGR. FUND SICAV
31 Dec 01
RECOVERY PORTFOLIO REGULAR
USD
David Goldfarb, Miguel Abadi, Cedric
Carrol
HSBC CREDIT MARKET

OPPORTUNITIES FUND USD
CLASS COMPOSITE
Hsbc Management (Guernsey) Ltd
31 May 09
HSBC SPECIAL OPPORTUNITIES

28 Feb 07
FUND LTD - USD CLASS
$73M
Jun 15
2,158.75
$30M
Jun 16
116.58
$56M
Jun 16
134.18
05 Aug 16
Ytd Avg. 2016

(1.70%)
0.60%
(5.14%)
-5.31%
-0.44%
8.61%
5.91%
-12.46%
5.41%
6.44%
(23.23%)
Jun 08 - Dec 08
15 Jul 16
0.07%
(2.58%)
-0.53%
2.75%
9.19%
8.74%
-7.47%
3.63%
5.18%
(9.16%)
Feb 11 - Dec 11
15 Jul 16
0.46%
2.62%
-3.33%
4.75%
13.97%
20.63%
-3.5%
3.18%
9.37%
(35.45%)
Jun 08 - Mar 09
Macro
Ytd Avg. 2016
0.08%
Macro/Global
MASTERS FUND LTD MAGNOLIA
SERIES
Sean M. Doyle
31 Dec 96
$289M
Aug 16
5,320.00
31 Jul 16
Ytd Avg. 2016

0.08%
0.56%
0.08%
1.11%
1.97%
11.1%
1.49%
-0.36%
8.90%
8.29%
(9.96%)
Jul 98 - Oct 98
Multi-Strategy
Ytd Avg. 2016
(2.50%)
DIAMOND NEUTRAL FUND CLASS
A1
Elchanan Jaglom, Daniel Jaglom
31 Oct 02
$118M
Apr 16
181.72
Ytd Avg. 2016

(2.50%)
30 Jun 16 (0.09%)
(2.29%)
2.62%
1.42%
10.45%
2.61%
-1.97%
4.46%
4.11%
(14.18%)
Jun 08 - Dec 08

Source - HSBC
37
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
GAM DIVERSITY I INC - US$ CLASS 31 Dec 89
David Smith
GAM TRADING II USD

David Smith, Arvin Soh
30 Apr 97
HSBC GH FUND USD

31 May 96
HSBC LEVERAGED GH FUND

HSBC Republic Investment Limited
30 Nov 04
HSBC UCITS ADVANTEDGE FUND - 31 Oct 09

USD CLASS
Hsbc Alternative Inv. Ltd
$212M
Jun 16
726.57
$419M
Jun 16
345.48
$2'046M
Jun 16
338.18
$2'046M
Jun 16
159.31
92M
Jun 16
91.17
29 Jul 16
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

(2.50%)
0.65%
(1.63%)
-2.38%
0.19%
10.49%
6.67%
-3.44%
7.74%
7.73%
Max
Drawdown1
(19.64%)
Jan 94 - Jan 95
29 Jul 16
0.99%
0.54%
0.46%
4.08%
-0.45%
2.83%
-4.11%
6.65%
5.71%
(7.34%)
Apr 13 - Oct 13
15 Jul 16
0.52%
(1.53%)
3.51%
4.77%
8.51%
5.4%
-3.37%
6.24%
6.07%
(18.30%)
Jun 08 - Dec 08
15 Jul 16
0.95%
(4.34%)
5.03%
7.61%
15.12%
8.72%
-8.76%
4.09%
10.80%
(37.09%)
Jun 08 - Dec 08
27 Jul 16
0.55%
(5.72%)
-1.97%
-1.57%
7.25%
1.38%
-7.51%
(1.35%)
3.89%
(10.99%)
May 15 - Jun 16
Trading
Ytd Avg. 2016
8.10%
Trading/Global
HSBC TRADING ADVANTEDGE
31 Oct 05
FUND
$54M
Jun 16
168.77
15 Jul 16
Ytd Avg. 2016

8.10%
1.45%
8.10%
3.29%
16.59%
-8.75%
-5.39%
-1.62%
5.01%
9.66%
(20.93%)
Apr 11 - Sep 13

Source - HSBC
38
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
-43.99%
3.11%
20.19%
-18.03%
15.47%
43.22%
Max
Drawdown1
Equity-Diversified
Ytd Avg. 2016
32.70%
Equity-Diversified/Emerging
Alexander Branis
31 Aug 96
$850M
Jul 16
170.78
Ytd Avg. 2016

32.70%
04 Aug 16 (0.46%)
32.70%
-3.1%
(90.26%)
Jul 97 - Jan 99

Source - HSBC
39
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
MTD
YTD
2015
2014
2013
38.31%
25.02%
2012
2011
Ann.
Return
Ann.
Volatility
19.64%
18.80%
Max
Drawdown1
Commodity
Ytd Avg. 2016
1.62%
Commodity/Global
Pierre Andurand
31 Jan 13
MERCHANT COMMODITY FUND

(THE) - COMPOSITE
Michael Coleman and Doug King
31 May 04
MERRICKS CAPITAL SOFT

COMMODITIES
Merricks Capital Pty Limited
31 Jan 08
M
M
$1'200M
Jun 16
1,488.58
$234M
Jun 16
578.53
$124M
Jul 16
168.64
31 Jul 16
Ytd Avg. 2016

1.62%
(5.90%)
4.09%
4.05%
(14.92%)
Jul 13 - Sep 14
05 Aug 16 (3.50%)
5.18%
-3.23%
59.33%
15.77%
-7.6%
-30.07%
15.49%
21.50%
(36.93%)
Dec 10 - Oct 11
31 Jul 16
0.32%
(4.42%)
-3.43%
4.06%
8.79%
4.98%
1.85%
6.34%
7.03%
(13.39%)
May 15 - Mar 16
Commodity-Systematic
Ytd Avg. 2016
11.84%
Commodity-Systematic/Global
ARCTIC BLUE
Jean-Jacques Duhot
31 Dec 07

Jean-Jacques Duhot
31 May 14
MILLBURN COMMODITY
PROGRAM
Millburn Ridgefield Corporation
28 Feb 05
M
M
M
$102M
Jun 16
216.86
$77M
Jun 16
186.88
$225M
Jun 16
235.36
30 Jun 16
Ytd Avg. 2016

11.84%
3.60%
7.03%
3.88%
4.54%
13.28%
7.6%
2.87%
9.53%
8.76%
(12.55%)
Jun 13 - Jul 14
30 Jun 16 11.30%
23.60%
13.76%
32.91%
34.97%
22.26%
(13.02%)
Mar 15 - Jun 15
10 Aug 16 (0.39%)
4.89%
25.5%
28.09%
-7.65%
-15.24%
-5.62%
7.76%
12.36%
(30.96%)
Apr 11 - Nov 13
Currency
Ytd Avg. 2016
(0.06%)
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
$3'320M
May 16
167.72
$90M
Jun 16
170.38
05 Aug 16
Ytd Avg. 2016

(2.47%)
0.27%
1.07%
-10.25%
18.75%
5.19%
0.96%
20.11%
6.66%
11.03%
(13.69%)
Jul 08 - Sep 08
05 Aug 16
0.08%
(6.01%)
4.16%
8.72%
1.06%
0.86%
6.36%
5.20%
7.92%
(7.47%)
Aug 15 - Jul 16

Source - HSBC
40
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
Currency/Global
HARNESS MACRO CURRENCY
FUND
Harness Investment Group Ltd
31 Mar 09
KO-ZHOU FUNDAMENTAL FX
FUND
Joe Zhou,
28 Feb 15
THE CAMBRIDGE STRATEGY 31 Jan 08

EMERGING MARKETS CURRENCY
ALPHA
Andrew Saunders
$612M
Jul 16
972.58
$111M
Jul 16
111.82
$145M
Jun 16
199.72
09 Aug 16
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

1.54%
0.14%
(5.08%)
-3.6%
8.27%
3.49%
17.64%
-4.62%
4.83%
10.33%
Max
Drawdown1
(13.52%)
Apr 10 - Aug 10
31 Jul 16
(0.95%)
5.65%
5.83%
8.17%
5.81%
(1.35%)
Aug 15 - Sep 15
05 Aug 16
0.16%
4.05%
7.91%
16.61%
-0.3%
7.42%
10.46%
8.46%
8.09%
(10.76%)
May 13 - Sep 13
Diversified
Ytd Avg. 2016
(1.22%)
Diversified/Asia
ALPHADYNE INVESTMENT
31 Jan 07
STRATEGIES FUND LTD
Bart Broadman, Philippe Khuong-Huu
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
Q
M
$544M
Jun 16
2,006.31
$2'520M
Jun 16
248.09
$3'540M
Apr 16
150.70
$209M
Jun 16
153.03
$62M
Jul 16
160.39
Ytd Avg. 2016

(0.91%)
05 Aug 16 (0.41%)
(0.19%)
2.68%
31 Mar 06
GAVEA FUND LTD . CLASS A S/1

Fraga Arminio and Gabriel Srour
31 Jul 03
GREEN FUND LLC - CLASS I

Luis Stuhlberger
31 Jan 01
Q
M
12.15%
7.06%
3.11%
7.59%
4.93%
(5.92%)
Jan 14 - Jun 14
30 Jun 16 (0.20%)
(2.09%)
5.19%
3.55%
11.55%
4.41%
8.86%
8.04%
3.73%
(3.07%)
Jan 16 - Jun 16
05 Aug 16
0.42%
2.23%
1.76%
-1.21%
17.08%
21.23%
3.3%
7.83%
5.88%
(6.81%)
May 15 - Feb 16
30 Jun 16
0.50%
2.78%
-0.94%
9.95%
13.06%
20.91%
9.91%
4.62%
(4.45%)
May 15 - Feb 16
31 Jul 16
2.64%
(7.27%)
-5.14%
-3.1%
34.5%
7.26%
22.95%
5.90%
14.11%
(18.23%)
Jun 13 - Mar 16
Diversified/Emerging
FINISTERRE GLOBAL
OPPORTUNITY FUND
Darren Walker
5.69%
$1'304M
Jun 16
233.45
$507M
Jun 16
243.87
$540M
Jul 16
769.14
30 Jun 16
Ytd Avg. 2016

3.87%
0.01%
2.77%
6.37%
11.35%
5.36%
7.75%
-5.97%
8.62%
6.99%
(18.02%)
Jun 08 - Oct 08
05 Aug 16
1.50%
(1.76%)
11.51%
-5.31%
2.71%
8.19%
-0.35%
7.08%
6.95%
(12.50%)
Jul 08 - Oct 08
04 Aug 16 (0.17%)
4.75%
4.69%
-3.49%
9.9%
13.55%
-5.7%
13.20%
13.22%
(33.00%)
Jun 08 - Nov 08

Source - HSBC
41
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
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 31 Jan 01

COMPOSITE
Jorge Rosas
M
M
$1'229M
Jun 16
2,507.68
$447M
Jun 16
5,362.93
$829M
Jun 16
508.52
30 Jun 16
30 Apr 12
AVIVA INVESTOR
MULTI-STRATEGY TARGET
RETURN FUND EUR
Peter Fitzgerarld, Ian Pizer, Dan
James,
31 Jul 14
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
CAXTON GLOBAL INVESTMENT

LTD
Andrew E. Law
31 Jan 97
M
D
COMMONWEALTH OPPORTUNITY 30 Nov 08

CAYMAN FUND LTD
Adam Fisher
ECLECTICA FUND CLASS A EURO 30 Sep 02

(THE)
Hugh Hendry

Jeffrey Talpins
31 Mar 05
EPISODE INC. CLASS A

David Fishwick / Tony Finding
31 Jul 05
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

3.87%
5.47%
8.25%
7.94%
17.5%
6.73%
1.1%
8.26%
13.49%
12.59%
Max
Drawdown1
(14.76%)
30 Jun 16
8.04%
10.74%
-9.25%
12.47%
19.65%
0.69%
-2.68%
11.37%
10.96%
(17.68%)
31 Jul 16
0.74%
(1.52%)
-2.3%
6.64%
1%
14.01%
-11.83%
11.06%
10.98%
(31.78%)
May 08 - Feb 09
118.21
2'648M
May 16
107.31
$15'672M
Jun 16
299.30
$446M
Jun 16
2,778.20
$6'053M
Apr 16
929.89
$501M
May 16
224.11
$52M
Jun 16
256.63
$995M
Jun 16
2015
Aug 14 - Dec 15
$1'390M
Jul 16
$8'602M
Jun 16
YTD
May 13 - Jun 13
Diversified/Global
ATREAUS OVERSEAS FUND LTD
Atreaus Capital LP
MTD
05 Aug 16
Ytd Avg. 2016

(2.11%)
0.55%
(4.54%)
12.09%
9.07%
1%
0.27%
3.99%
7.55%
(6.08%)
Nov 15 - Jul 16
09 Aug 16
0.27%
(1.34%)
4.07%
4.08%
3.33%
3.86%
(2.88%)
Nov 15 - Mar 16
30 Jun 16
0.94%
(1.15%)
-1.96%
-0.79%
2.68%
3.93%
12.15%
8.62%
6.73%
(8.80%)
Apr 13 - May 16
30 Jun 16 (1.07%)
(1.37%)
5.3%
-4.66%
9.65%
28.12%
3.44%
14.77%
7.70%
(12.56%)
Jun 14 - Jan 15
09 Aug 16
1.45%
0.92%
3.53%
-1.38%
18.16%
1.96%
0.7%
12.09%
7.53%
(7.37%)
Jun 07 - Aug 07
05 Aug 16
0.31%
1.54%
1.04%
6.19%
5.39%
15.64%
10.75%
11.07%
8.73%
(10.38%)
Jan 09 - Feb 09
05 Aug 16
0.40%
(6.96%)
6.45%
9.48%
-0.01%
-1.72%
12.11%
7.04%
19.72%
(31.94%)
Feb 08 - Sep 08
89,987.25 30 Jun 16
1.54%
8.81%
22.72%
2.91%
19.44%
2.73%
5.54%
21.55%
9.89%
(7.83%)
Oct 07 - Apr 08
152.45
22 Jul 16
2.63%
0.45%
2.51%
7.77%
6.14%
-4.69%
0.98%
3.91%
10.56%
(32.77%)
Oct 07 - Feb 09

Source - HSBC
42
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
Diversified/Global
GAM GLOBAL RATES HEDGE
FUND
Adrian Owens
31 Jan 04
GAMUT INVESTMENTS
Adrian Owens
30 Jun 86
GEMSSTOCK FUND - B1 USD

Al Breach & Darren Read
30 Nov 10
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

FUND- DISCRETIONARY
Kenneth G. Tropin
31 May 04
HARMONIC ALPHA PLUS MACRO

FUND - USD CLASS
Harmonic Capital Partners LLP
30 Apr 03
M
M
Q
JPMORGAN INVESTMENT GLOBAL 30 Apr 05

MACRO OPPORTUNITIES C (Acc)
EUR
James Elliot, Shrenick Shah, Talib
Sheikh
LONDON SELECT FUND LIMITED

David Gorton
31 Mar 04
MELLON OFF GLOB OPP FUND

LTD - MULTICURRENCY - A1
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
$363M
Jul 16
218.02
$60M
Jun 16
7,795.14
$522M
Jul 16
207.88
$1'643M
Jul 16
456.85
$2'051M
Jul 16
239.49
$2'037M
Jun 16
272.34
$97M
Jun 16
135.74
6'320M
Jul 16
153.14
$460M
May 16
165.89
$137M
Aug 15
1,275.29
$614M
Jun 16
99.70
$2'270M
Jun 16
298.77
$699M
Jul 16
2,532.02
02 Aug 16
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

(2.11%)
0.18%
(5.90%)
1.72%
4.72%
-0.11%
14.71%
-6.73%
6.43%
7.23%
Max
Drawdown1
(12.25%)
Mar 11 - Sep 11
02 Aug 16 (0.04%)
(5.99%)
0.54%
5.1%
-2.83%
0.29%
-0.95%
15.56%
12.87%
(13.45%)
Dec 87 - Apr 88
31 Jul 16
1.20%
3.54%
12.42%
6.19%
23.95%
48.41%
-13.11%
13.77%
15.59%
(20.66%)
Apr 11 - Sep 11
09 Aug 16
0.42%
1.13%
1.32%
10.41%
10.5%
9.29%
4.54%
11.59%
9.57%
(13.31%)
May 07 - May 08
09 Aug 16
0.22%
0.06%
-0.27%
6.53%
7.57%
7.8%
6.66%
9.84%
10.10%
(30.81%)
May 07 - Jun 08
09 Aug 16
0.10%
(0.15%)
-0.35%
3.18%
3.63%
3.83%
3.56%
5.47%
5.06%
(14.81%)
May 07 - Jun 08
05 Aug 16 (1.09%)
(5.29%)
3.43%
8.27%
-8.34%
23.45%
-8.95%
5.08%
11.68%
(18.17%)
Aug 12 - Feb 14
10 Aug 16 (1.39%)
0.59%
10.43%
13.75%
16.29%
2.71%
-5.09%
5.64%
7.34%
(21.35%)
Oct 07 - Feb 09
08 Aug 16
0.78%
(5.12%)
-1.32%
2.53%
9.34%
5.37%
0.08%
4.18%
9.13%
(34.17%)
Jan 08 - Dec 08
30 Jun 16
2.23%
(0.14%)
11.89%
-1.12%
1.21%
-2.53%
4.79%
2.32%
8.69%
(31.90%)
Jan 07 - Oct 08
31 Jul 16
1.43%
(1.69%)
0.82%
-3.62%
4.36%
(0.10%)
6.97%
(11.22%)
Mar 15 - Mar 16
30 Jun 16 (0.20%)
(1.94%)
0.66%
-2.17%
7.11%
6.89%
11.43%
7.61%
5.32%
(7.51%)
Mar 15 - Mar 16
05 Aug 16 (0.68%)
(7.73%)
1.44%
13.66%
23.84%
-0.76%
-35.04%
6.68%
17.33%
(36.99%)
Dec 10 - May 12

Source - HSBC
43
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
Diversified/Global
MOORE GLOBAL INV FD, LTD - A $ 31 Dec 89
Louis Bacon
MOORE MACRO MANAGERS

FUND, LTD CLASS -ALouis Bacon
31 Jul 93

Nicolas Galperin, Esteban Klein
31 Dec 07
PHARO MACRO FUND, LTD

Pharo Team
30 Apr 05
M
Q
PIMCO ABSOLUTE RETURN

31 Mar 02
STRATEGY IV OFFSHORE FUND II ,
CL. A/1
Qi Wang
PINPOINT MULTI-STRATEGY FUND 29 Feb 08

Qiang Wang
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
STANDARD LIFE GLOBAL

FOCUSED STRATEGIES (GFS)
FUND
Standard Life Investments
31 Dec 13
Tacchi Tim
31 Aug 89
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
M
M
D
M
Q
$4'000M
Feb 16
59,248.39
$7'500M
Feb 16
14,288.88
$111M
Jul 16
150.83
$4'351M
Jun 16
3,341.24
$1'450M
Jul 16
2,570.06
$309M
Jun 16
194.29
$10M
Jun 16
113.73
$390M
Jul 16
117.11
$689M
Jul 16
477.88
658M
May 16
9.94
$190M
Apr 16
6,551.84
31 Jul 16
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

(2.11%)
1.22%
0.65%
3.43%
1.74%
17.02%
8.82%
-2.21%
16.58%
11.36%
Max
Drawdown1
(18.45%)
Jan 94 - Feb 95
31 Jul 16
(0.17%)
(4.42%)
3.12%
5.54%
13.49%
9.01%
-2.57%
12.25%
8.08%
(14.47%)
Jan 94 - Feb 94
31 Jul 16
0.89%
1.71%
8.15%
-7.94%
7.16%
-6.72%
3.17%
4.87%
13.07%
(25.48%)
Sep 08 - Oct 08
30 Jun 16
3.37%
4.56%
3.57%
8.23%
18.51%
12.53%
-7.83%
11.40%
8.41%
(9.64%)
Jun 08 - Nov 08
31 Jul 16
1.49%
0.23%
4.54%
5.86%
-0.44%
12.01%
1.82%
6.80%
7.98%
(25.88%)
May 08 - Nov 08
31 Jul 16
(0.27%)
(1.79%)
17.03%
8.37%
4.65%
6.19%
-10.43%
8.21%
11.09%
(17.36%)
Jun 08 - Nov 08
05 Aug 16
0.29%
(11.80%)
-9.67%
5.19%
9.3%
5.55%
17.65%
2.39%
10.17%
(22.69%)
Feb 15 - Jul 16
31 Jul 16
0.71%
4.64%
-5.47%
17.22%
1%
5.72%
5.86%
(7.18%)
Jan 15 - Dec 15
05 Aug 16 (0.61%)
(14.53%)
5.41%
1.72%
18.27%
-3.89%
5.34%
9.77%
14.93%
(36.03%)
Dec 04 - May 07
29 Jul 16
(0.19%)
(8.64%)
8.32%
-1.12%
(0.84%)
5.75%
(8.64%)
Dec 15 - Jul 16
31 Jul 16
1.55%
(5.86%)
-0.58%
-8.57%
7.65%
4.27%
-14.09%
7.17%
13.87%
(27.05%)
Jan 94 - Jan 95
$7'000M 130,893.46 05 Aug 16 (0.24%)

Jun 16
(2.45%)
$7'000M 126,235.01 05 Aug 16 (0.26%)

Jun 16
(3.23%)
$1'330M
Jun 16
(2.84%)
1,138.97
05 Aug 16
0.07%
1.42%
3.47%
14.29%
6.27%
4.84%
6.51%
(5.63%)
Mar 15 - May 16
0.45%
2.65%
13.99%
5.41%
2.17%
17.64%
18.06%
(17.07%)
Apr 92 - Jul 92
0.56%
0.15%
13.2%
2.82%
3.22%
6.76%
(9.27%)
Jun 13 - Jun 14

Source - HSBC
44
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

(3.01%)
(1.70%)
(3.01%)
5.83%
6.89%
-6.81%
5.77%
4.71%
2.61%
8.97%
Max
Drawdown1
Fixed Income
Ytd Avg. 2016
(3.01%)
Fixed Income/Global
MARKHAM RAE I SUB FUND
Christopher Brandt
30 Sep 11
$208M
Jul 16
11.33
31 Jul 16
(19.31%)
May 13 - Jul 14
Systematic
Ytd Avg. 2016
12.54%
Systematic/Global
EAGLE QUANTITATIVE MACRO
Eagle Trading Systems Inc.
(Menachem Sternberg)
30 Sep 06
HIGHER MOMENT AURORA FUND

LP
Ravi Singh
31 Mar 08
HIGHER MOMENT CAPITAL

OPPORTUNITIES, LP
Ravi Singh
30 Nov 09
IPM SYSTEMATIC CURRENCY

FUND
Bjrn Osterberg
31 Mar 05
IPM SYSTEMATIC MACRO FUND

Bjrn Osterberg
30 Jun 06

Quantedge Capital Pte Ltd
30 Sep 06
M
M
$299M
Jul 16
174.67
$78M
Apr 16
165.87
$79M
Apr 16
453.91
$109M
May 16
175.60
$466M
May 16
240.93
$1'314M
Jul 16
1,031.19
Ytd Avg. 2016

12.54%
05 Aug 16 (0.58%)
0.98%
-9.39%
11.34%
-10.32%
8.57%
4.2%
5.82%
13.59%
(22.33%)
May 12 - Apr 14
30 Jun 16
3.35%
3.92%
-4.99%
11.69%
5.5%
9.42%
6.81%
6.32%
6.10%
(9.63%)
Jun 09 - Aug 09
30 Jun 16 (3.06%)
2.92%
31.61%
12.47%
-9.29%
38.83%
52.2%
25.82%
22.76%
(17.34%)
Jan 11 - Mar 11
31 Jul 16
(0.73%)
15.89%
2.59%
7.45%
4.98%
-1.39%
-6.26%
5.96%
9.30%
(13.92%)
Mar 06 - Aug 06
31 Jul 16
(2.87%)
7.19%
4.39%
14.65%
1.16%
9.6%
-8.05%
9.19%
10.66%
(12.22%)
Oct 10 - Sep 11
31 Jul 16
2.79%
44.35%
-18.26%
29.36%
9.16%
39.46%
32.9%
26.76%
30.15%
(44.65%)
Feb 08 - Oct 08

Source - HSBC
45
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
-0.62%
-6.23%
-2.31%
14.41%
15.31%
24.00%
Max
Drawdown1
Currency
Ytd Avg. 2016
(0.40%)
Currency/Global
DACHARAN HIGH EXPOSURE
Dacharan
30 Apr 08
MAN AHL CURRENCY FUND DN

31 Jul 93
USD
Matthew Sargaison and Emidio Sciulli
ORTUS AGGRESSIVE FUND

(CAYMAN) LTD
Joe Zhou,
29 Feb 04
ORTUS FUND (CAYMAN) LTD

Dr Joe Zhou
30 Sep 03
$85M
Apr 16
3,242.79
$25M
Jul 16
128.88
$127M
Jul 16
327.13
$85M
Jul 16
218.96
31 Jul 16
Ytd Avg. 2016

(0.40%)
(2.30%)
(1.04%)
13.49%
(26.75%)
Jul 11 - Aug 14
05 Aug 16
0.75%
(14.86%)
13.03%
58.05%
-11.24%
1.13%
-20.46%
11.74%
23.79%
(31.58%)
Apr 11 - Jun 12
31 Jul 16
(2.42%)
8.64%
0.87%
18.72%
-30.11%
-30.43%
12.54%
10.01%
28.64%
(62.89%)
Jul 08 - Oct 08
31 Jul 16
0.94%
5.66%
-1.06%
7.42%
-17.32%
-17.33%
5.7%
6.29%
11.37%
(33.53%)
Jan 12 - Sep 14
Systematic
Ytd Avg. 2016
4.81%
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
M
M
W
ALTIS GLOBAL TREND PORTFOLIO 30 Jun 14

Altis Partners (Jersey) Limited,
Zbigniew Hermaszewski
ASPECT DIVERSIFIED FUND CLASS A

Anthony Todd
30 Nov 98
BH-DG SYSTEMATIC TRADING

FUND LTD
BH-DG Systematic Trading LLP
30 Apr 06
BLUETREND FUND, LTD -USDCLASS A

Systematica Investments Limited
31 Mar 04
$2'900M
Jul 16
1.57
$4'000M
Jun 16
1.31
$4'000M
Jun 16
1.45
$45M
Jun 16
114.92
$801M
Jun 16
430.54
$370M
Apr 16
191.61
$4'400M
Jun 16
326.21
Ytd Avg. 2016

4.81%
05 Aug 16 (0.33%)
5.94%
3.17%
20.31%
16.92%
23.53%
10.53%
14.42%
12.11%
(13.16%)
Jun 08 - Oct 08
05 Aug 16
0.03%
1.42%
1.51%
22.83%
-1.51%
-0.06%
-2.76%
12.15%
12.18%
(12.29%)
Oct 01 - Feb 02
05 Aug 16
0.07%
0.24%
-2.68%
33.79%
-3.05%
-2.22%
-5.9%
12.71%
16.47%
(19.53%)
Oct 01 - Apr 02
31 Jul 16
1.59%
(7.91%)
7.87%
15.69%
6.89%
23.63%
(25.08%)
Feb 16 - May 16
09 Aug 16
1.08%
(0.51%)
7.88%
32.04%
-4.44%
-10.66%
4.51%
8.60%
15.92%
(22.19%)
Feb 12 - Mar 14
05 Aug 16 (0.67%)
4.82%
-1.43%
10.81%
2.09%
-3.33%
1.83%
6.53%
11.21%
(15.21%)
Apr 11 - Apr 14
05 Aug 16 (0.33%)
2.73%
3.44%
12.68%
-11.5%
0.02%
0.32%
10.04%
14.12%
(22.05%)
Apr 11 - Jan 14

Source - HSBC
46
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Systematic/Global
BORONIA DIVERSIFIED FUND
31 Aug 93
MASTER
Richard Grinham and Angus Grinham
CAMPBELL GLOBAL ASSETS FUND 31 Jan 98

LTD Class A
Campbell & Company
CAMPBELL GLOBAL ASSETS FUND 30 Jun 02

LTD Class B
Campbell & Company
CANTAB CAPITAL PARTNERS

QUANTITATIVE FUND (THE) - USD
ARISTARCHUS
Ewan Kirk, Erich Schlaikjer, Cantab
Capital
28 Feb 07
CONQUEST MACRO FUND, LTD

(COMP)
Marc Malek
30 Apr 99
CRABEL FUND SPC LTD CLASS A

Toby Crabel
28 Feb 98
DB PLATINUM IV DBX SYSTEMATIC 30 Jun 10

ALPHA INDEX FUND - CLASS I1CU
DB Platinum Advisors
DB PLATINUM IV MW HELIUM
31 Jan 12
Marshall Wace LLP / Philippe Azoulay
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 31 Aug 11

FUND
Dunn Capital Management LLP
EAGLE GLOBAL
Menachem Sternberg
30 Sep 95
FLORIN COURT CAPITAL

Doug Greenig
31 Jul 15
FORT GLOBAL CONTRARIAN

Yves Balcer, Sanjiv Kumar
30 Sep 02
M
D
$46M
Jul 16
2,202.54
$19M
Jul 16
4,554.44
$18M
Jul 16
3,924.73
$2'700M
Jul 16
2,026.53
$175M
Apr 16
2,660.61
$498M
Jun 16
6,555.90
$2'278M
May 16
131.66
$130M
Jun 16
95.40
$239M
Jul 16
1,337.52
$303M
Jun 16
188.87
$76M
Oct 15
146.23
$370M
Jul 16
Date
MTD
YTD
2015
Ytd Avg. 2016

4.81%
10 Aug 16 (1.08%)
9.47%
-4.54%
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
14.33%
13.23%
-3.99%
-8.75%
9.18%
11.57%
Max
Drawdown1
(14.56%)
Feb 08 - Apr 12
10 Aug 16 (0.67%)
0.33%
-2.99%
19.92%
12.57%
4.45%
-2.92%
8.53%
13.23%
(21.17%)
Jun 07 - Jan 10
10 Aug 16 (0.95%)
4.06%
1.29%
14.37%
11.33%
1.85%
1.83%
6.86%
11.40%
(22.92%)
Jun 07 - Aug 07
05 Aug 16 (1.39%)
8.30%
-8.24%
39.32%
-27.65%
15.32%
12.84%
7.94%
17.93%
(34.86%)
Apr 13 - Apr 14
10 Aug 16 (0.49%)
27.26%
2.28%
4.21%
-6.62%
-33.44%
-6.08%
5.82%
20.23%
(56.11%)
Jul 09 - Mar 13
05 Aug 16
0.24%
14.12%
-1.74%
8.67%
2.2%
15.53%
-1.93%
10.73%
15.35%
(16.71%)
Oct 98 - Jun 99
03 Aug 16 (0.92%)
(0.50%)
-0.06%
14.41%
6.63%
-3.96%
4.85%
4.61%
8.21%
(8.26%)
Mar 15 - May 16
08 Aug 16 (1.11%)
(2.99%)
-3.27%
21.93%
6.14%
4.09%
5.32%
10.39%
(17.98%)
Mar 15 - Apr 16
05 Aug 16
0.12%
6.15%
8.36%
15.4%
-10.32%
-13.88%
21.95%
10.89%
15.53%
(34.56%)
Jun 94 - Oct 95
30 Jun 16 12.34%
11.52%
9.66%
35.08%
33.42%
-18.27%
4.85%
12.25%
25.30%
(27.38%)
Aug 11 - Oct 12
09 Aug 16
0.01%
6.13%
9.14%
24.18%
33.48%
-20.2%
-4.56%
7.99%
18.67%
(27.86%)
Aug 11 - Oct 12
746,078.95 05 Aug 16 (1.67%)
(5.52%)
-9.55%
-1.04%
-15.88%
8.1%
8.82%
10.11%
22.88%
(38.48%)
Apr 13 - May 16
$696M
Aug 16
101.98
$1'475M
Jul 16
4,460.59
31 Jul 16
2.55%
3.17%
-1.16%
1.96%
8.36%
(6.22%)
Feb 16 - May 16
29 Jul 16
1.15%
5.76%
-1.34%
12.36%
1.62%
2.83%
28.7%
11.41%
11.36%
(17.42%)
Mar 08 - Oct 08

Source - HSBC
47
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
Systematic/Global
FORT GLOBAL DIVERSIFIED
Yves Balcer, Sanjiv Kumar
30 Sep 93
GRAHAM GIF II PROPRIETARY

MATRIX SP SIES A
Kenneth G. Tropin
30 Jun 99

FUND II - K4D-10V
Kenneth G. Tropin
31 Jan 95

FUND II - K4D-15V - COMPOSITE
Kenneth G. Tropin
31 Dec 00

FUND TACTICAL TREND S/A
Graham Capital Management, L.P.
30 Sep 06
GSA TREND FUND

Jonathan Hiscock, Pavel Zhlobich &
David Khabie-Zeitoune
31 Aug 13
ISAM SYSTEMATIC TREND FUND

CLASS Q
ISAM Systematic Management
31 May 01
W
M
KEYNES LEVERAGED
31 Dec 04
QUANTITATIVE STRATEGIES FUND
CLASS B SERIE 2
Sushil Wadhwani,
KEYNES MULTI ASSET VALUE

FUND LTD (KMAV) - USD Series 2
Wadhwani Asset Management LLP,
Dr. Sushil Wadhwani
31 May 15
LYNX (BERMUDA) LTD

30 Apr 00
Jonas Bengtsson, Svante Bergstrom,
Martin Sandquist

30 Apr 08
Jonas Bengtsson, Svante Bergstrom,
Martin Sandquist
MILLBURN DIVERSIFIED
PROGRAM
Millburn Ridgefield Corporation
31 Jan 77
$421M
Jul 16
28,532.00
$833M
Jun 16
384.67
$2'832M
Jul 16
433.54
$2'835M
Jun 16
287.27
$6'173M
Jun 16
245.95
$1'950M
Jun 16
162.04
$1'026M
Aug 16
644.87
$311M
Jun 16
114.52
$780M
Jun 16
99.70
$2'309M
Jun 16
6,254.06
$387M
Jun 16
224.56
$849M
Feb 16
29 Jul 16
MTD
YTD
2015
Ytd Avg. 2016

4.81%
1.53%
14.21%
-3.2%
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
19.02%
-4.68%
7.12%
39.93%
15.80%
18.66%
Max
Drawdown1
(26.56%)
May 99 - Sep 00
09 Aug 16
0.53%
0.11%
0.27%
15.91%
13.72%
-0.07%
-9.85%
8.19%
11.84%
(17.90%)
Apr 11 - Nov 12
09 Aug 16
0.66%
(0.58%)
0.34%
17.71%
10.04%
-4.91%
-13.12%
7.05%
12.05%
(20.70%)
Apr 11 - Nov 12
09 Aug 16
1.03%
(0.08%)
1%
27.43%
15.25%
-7.15%
-18.64%
10.37%
18.75%
(29.84%)
Feb 04 - Apr 05
09 Aug 16
0.63%
0.05%
5.13%
22.4%
8.44%
4.21%
-0.1%
9.55%
10.57%
(10.35%)
May 15 - May 16
05 Aug 16 (0.46%)
3.71%
14.91%
32.59%
2.55%
17.90%
14.97%
(11.34%)
Feb 16 - May 16
05 Aug 16 (0.89%)
(2.46%)
15.06%
61.95%
-10.66%
-17.47%
-2.74%
13.05%
18.56%
(34.79%)
Feb 11 - Sep 13
05 Aug 16 (0.13%)
(0.41%)
2.28%
15.91%
-3.01%
7.19%
-4.95%
7.53%
11.94%
(12.45%)
Apr 06 - Sep 06
05 Aug 16
0.10%
1.01%
-1.3%
(0.25%)
4.27%
(3.18%)
Apr 16 - May 16
09 Aug 16 (0.03%)
13.35%
-8.73%
27.03%
11.1%
-6.71%
-2.25%
11.91%
14.39%
(16.88%)
Mar 15 - Dec 15
09 Aug 16 (0.05%)
20.09%
-13.76%
42.18%
16.7%
-10.82%
-4.08%
10.26%
22.65%
(24.98%)
Mar 15 - Dec 15
26,076.81 10 Aug 16
0.22%
14.91%
5.57%
17.65%
-6.02%
-5.5%
-6.39%
15.10%
17.86%
(25.65%)
May 89 - Oct 89

Source - HSBC
48
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
Systematic/Global
QMS DIVERSIFIED GLOBAL
MACRO
QMS CAPITAL MANAGEMENT LP
31 May 10
ROY G. NIEDERHOFFER
DIVERSIFIED OFFSHORE FUND
R. G. Niederhoffer Capital
Management, Inc.
31 Aug 95
SMN DIVERSIFIED FUTURES FUND 31 Oct 96

SMN Investment Services GmbH
SOLAISE SYSTEMATIC FUND LTD ( 31 May 11

S Class)
Ali Nejjar
TEWKSBURY INVESTMENT FUND, 31 Dec 90

LTD - B
Matthew Tewksbury
TRADELINK INTEGRATED
PROGRAM LTD
Alex Brockmann
31 Dec 93

Progressive Capital Partners Ltd
31 Mar 03
TWO SIGMA COMPASS CAYMAN

FUND
Two Sigma Investments, LP
31 Jul 09
WELTON GLOBAL DIRECTIONAL

PORTFOLIO
Welton Investment Partners
31 May 04
WINTON EVOLUTION FUND

David Harding
31 Aug 05
WINTON FUTURES FUND

David Harding
30 Sep 97
M
M
M
M
$2'860M
Jul 16
184.61
$792M
Jun 16
273.72
$65M
Jul 16
319.30
$331M
Aug 16
100.87
$2'224M
Apr 16
31 Jul 16
MTD
YTD
2015
Ytd Avg. 2016

4.81%
3.31%
4.92%
2.65%
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
17.14%
22.88%
11.04%
1.5%
10.44%
12.32%
Max
Drawdown1
(14.12%)
Mar 15 - May 16
10 Aug 16 (2.30%)
(4.51%)
4.22%
14.86%
9.31%
-22.39%
-16.7%
4.92%
18.82%
(52.73%)
Nov 08 - Oct 12
05 Aug 16
0.98%
(1.71%)
0.9%
57.24%
-5.95%
-20.11%
-7.77%
7.77%
19.02%
(37.70%)
Dec 08 - Sep 13
05 Aug 16 (0.57%)
(9.88%)
3.18%
12.26%
1.84%
-0.15%
-4.97%
0.17%
11.79%
(13.97%)
Mar 15 - May 16
19,782.70 05 Aug 16 (1.50%)
7.23%
3.21%
7%
7.57%
3.53%
4.55%
12.36%
4.95%
(7.75%)
Jun 07 - Aug 07
$149M
Jun 16
2,670.53
$298M
Jun 16
5,778.50
$888M
Apr 16
2,945.71
$143M
Jul 16
258.60
$520M
Jun 16
1,782.50
$12'500M
Jul 16
1,050.38
05 Aug 16 (0.99%)
(1.39%)
-6.78%
22.7%
7.76%
-6.33%
-21.27%
15.64%
21.71%
(36.53%)
May 03 - Jan 05
05 Aug 16
0.45%
26.48%
-8.81%
36.15%
-0.01%
4.89%
-20.93%
14.03%
27.64%
(34.25%)
Feb 09 - Jan 10
31 Jul 16
4.99%
13.64%
15.02%
25.56%
14.07%
4.23%
2.33%
16.67%
8.74%
(9.85%)
Apr 11 - Sep 11
08 Aug 16 (0.15%)
16.82%
-1.91%
34.01%
-5.73%
-8.12%
-14.44%
8.10%
14.28%
(33.18%)
Feb 11 - Sep 13
10 Aug 16
0.88%
0.14%
0.74%
17.26%
14.56%
-8.31%
3.83%
5.42%
10.99%
(14.61%)
Jun 08 - Jul 09
10 Aug 16
0.72%
1.79%
0.93%
13.87%
9.4%
-3.56%
6.29%
13.27%
16.25%
(25.08%)
Oct 01 - Feb 02

Source - HSBC
49
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
11.2%
7.34%
1.85%
11.56%
14.90%
12.03%
Max
Drawdown1
Discretionary
Ytd Avg. 2016
(2.30%)
Discretionary/Asia
AMAZON MARKET NEUTRAL FUND 31 Aug 05
CLASS A USD
Philip King
$280M
Jul 16
455.73
31 Jul 09
261M
Mar 15
165.95
MARSHALL WACE - MW MARKET

NEUTRAL TOPS A USD
Anthony Clake.
31 Oct 07
MLIS - MARSHALL W. TOPS UCITS 31 Dec 07

FUND (MKT NTRL)
Marshall Wace LLP
WHITE SQUARE PURE ALPHA

FUND
White Square Capital, Florian
Kronawitter and Dennis Krings-Ernst
31 Aug 14
$785M
Aug 16
321.23
30 Apr 02
EQUILIBRIA JAPAN FUND LTD 2X

(USD)
James Pulsford, Sara Gardiner-Hill
30 Apr 09
$1'172M
Jul 16
196.12
$3'309M
Apr 16
137.71
$155M
Jul 16
150.45
Ytd Avg. 2016

4.06%
05 Aug 16 (0.70%)
(1.37%)
-3.82%
09 Aug 16 (0.02%)
31 Mar 08
6.4%
-6.15%
1.45%
4.44%
(9.16%)
1.57%
8.26%
9.2%
-4.11%
7.09%
5.50%
(10.73%)
4.86%
19%
13.34%
18.78%
15.02%
3.18%
7.97%
6.28%
(15.98%)
09 Aug 16 (0.22%)
(0.84%)
7.97%
6.39%
7.58%
6.07%
3.46%
3.79%
4.26%
(11.63%)
Jun 08 - Oct 08
05 Aug 16 (0.20%)
13.58%
24.5%
6.39%
23.55%
8.62%
(3.30%)
Mar 15 - Apr 15
$188M
Jul 16
242.40
$339M
Jul 16
153.11
843M
Apr 16
10.72%
Jun 08 - Nov 08
Ytd Avg. 2016

(6.19%)
05 Aug 16 (0.02%)
(3.99%)
1.95%
4.6%
9.16%
-3.55%
-0.13%
6.40%
4.60%
(7.20%)
Jul 11 - Dec 12
05 Aug 16 (0.04%)
(8.39%)
3.19%
9.46%
19.7%
-6.6%
-0.5%
6.03%
8.73%
(14.55%)
Jun 15 - Jun 16
Discretionary/UK
ABSOLUTE INSIGHT UK EQUITY
MKT NEUTRAL FUND-CLASS B2P
GBP
Andrew Cawker, Iain Brown, Richard
Howarth
-0.18%
Jul 14 - Mar 16
Discretionary/Japan
EQUILIBRIA JAPAN FUND LTD 1X
USD
James Pulsford, Sara Gardiner-Hill
Ytd Avg. 2016

(9.16%)
10 Aug 16 (0.29%)
(9.16%)
5.18%
Dec 15 - Aug 16
Discretionary/Global
BLACK DIAMOND RELATIVE VALUE 31 Jul 99
LTD -C-Shs
Clint Carlson
(20.20%)
Jun 08 - Dec 08
Discretionary/Europe
OYSTER MARKET NEUTRAL EUR
Syz Asset Management S.A.
31 Jul 16
Ytd Avg. 2016

(14.59%)
0.87%
(14.59%)
26.27%
1.23
11 Aug 16
Ytd Avg. 2016

(1.58%)
0.06%
(0.78%)
1.69%
0.6%
2.8%
3.47%
2.29%
2.42%
1.41%
(1.82%)
Feb 14 - May 14

Source - HSBC
50
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Discretionary/UK
SCHRODER CAZENOVE UK
ABSOLUTE TARGET FUND - P2
GBP
Steven Cordell
30 Jun 08
262M
Aug 15
123.60
Date
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

(1.58%)
10 Aug 16 (1.04%)
(2.37%)
5.24%
-3.98%
10.09%
4.08%
11.24%
2.64%
4.83%
Max
Drawdown1
(9.96%)
Sep 09 - Dec 10
Diversified
Ytd Avg. 2016
11.41%
Diversified/Global
RENAISSANCE INSTITUTIONAL
DIVERSIFIED ALPHA FUND INTL.
L.P.,A
Renaissance Technologies LLC
28 Feb 12
$2'842M
Jun 16
153.39
Ytd Avg. 2016

11.41%
05 Aug 16 (0.84%)
11.41%
16.23%
11.39%
7.07%
-0.67%
10.12%
11.22%
(8.40%)
Mar 13 - Sep 13
Equity Diversified
Ytd Avg. 2016
(3.94%)
Equity Diversified/Asia
BLACKROCK PAN ASIA
31 Jul 10
OPPORTUNITIES FUND LTD CLASS
B
Jeff Shen, Ryan Kim, Ryan LaFond,
Jan Bratteberg
MACQUARIE ASIAN ALPHA FUND

Nick Bird
30 Sep 05
$659M
Jun 16
112.99
$97M
Jul 16
1,782.88
30 Sep 10
GAM TALENTUM ENHANCED

EUROPE LONG/SHORT - A Gianmarco Mondani / Roberto
Cantaluppi / Paolo Longinotti
30 Nov 04
GLG EUROPEAN EQUITY

30 Jun 11
ALTERNATIVE Class IN EUR
Pierre Lagrange, Simon Savage, Neil
Mason
3.78%
7.13%
2.92%
9.6%
2.08%
5.96%
(16.76%)
Jul 15 - Jun 16
31 Jul 16
2.70%
(4.78%)
-8.11%
10.4%
9.04%
4.41%
9.11%
7.08%
6.42%
(15.74%)
May 15 - Jun 16
Equity Diversified/Europe
BLACKROCK EUROPEAN
DIVERSIFIED EQUITY A.R.F SHARE CLASS D
Robert Fisher/Simon Weinberger
Ytd Avg. 2016

(8.64%)
30 Jun 16 (2.38%) (12.49%)
-1.91%
612M
Sep 15
128.69
348M
May 16
289.27
$894M
Jul 16
110.27
Ytd Avg. 2016

(4.22%)
10 Aug 16 (1.42%)
(4.37%)
5.2%
4.9%
16.13%
-0.35%
-4.05%
3.85%
5.46%
(13.12%)
Mar 11 - May 12
05 Aug 16
1.13%
(7.12%)
18.3%
3.54%
15.83%
16.66%
2.91%
9.51%
8.79%
(25.03%)
Jun 08 - Apr 09
05 Aug 16
0.26%
(5.15%)
6.91%
-6.26%
7.23%
6.19%
1.87%
1.93%
4.97%
(10.37%)
Feb 14 - Oct 14

Source - HSBC
51
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
Equity Diversified/Europe
MACQUARIE EUROPEAN ALPHA
FUND - CLASS A
Nick Bird, Andrew Alexander
31 Jul 12
$633M
Jul 16
135.36
31 Jul 16
TWO SIGMA ABSOLUTE RETURN

CAYMAN FUND LTD
Two Sigma Advisers, LP
31 Oct 11
YTD
2015
2014
2013
2012
Ytd Avg. 2016

(4.22%)
2.20%
(0.24%)
5.04%
9.62%
12.78%
5.11%
2011
Ann.
Return
Ann.
Volatility
8.01%
4.65%
Max
Drawdown1
(4.57%)
Jan 16 - Apr 16
Equity Diversified/Global
MITRA CAPITAL MASTER FUND LP 30 Sep 12
David Lander
MTD
$76M
Jun 16
156.72
$1'066M
Apr 16
1,475.78
30 Jun 16
Ytd Avg. 2016

1.30%
3.37%
3.10%
43.43%
-12.55%
17.04%
3.55%
12.73%
20.52%
(20.68%)
Feb 14 - Dec 14
31 Jul 16
0.21%
(0.49%)
14.99%
10.09%
11.25%
4.03%
1.23%
8.53%
5.39%
(4.45%)
May 16 - Jun 16
Multi-Strategy
Ytd Avg. 2016
1.26%
Multi-Strategy/Asia
LIM ASIA MULTI-STRATEGY FUND
CLASS A
George W. Long
31 Dec 95
$956M
Jul 16
39.94
Ytd Avg. 2016

0.94%
05 Aug 16 (0.25%)
0.94%
1.77%
$2'222M
May 16
5.63%
3.57%
-0.23%
6.95%
5.57%
(15.79%)
Feb 08 - Nov 08
HUDSON BAY INTERNATIONAL
31 May 06
FUND LTD
Hudson Bay Capital Management LP
4.12%
230.72
30 Jun 16
Ytd Avg. 2016

1.57%
0.26%
1.57%
-1.91%
-2.08%
7.9%
11.37%
4.31%
8.64%
4.90%
(6.11%)
Feb 14 - Nov 15
Statistical Arbitrage
Ytd Avg. 2016
(1.82%)
Statistical Arbitrage/Global
A.R.T. INTERNATIONAL INVESTOR 28 Feb 07
(BVI) Ltd
Aaron Sosnick
GSA INTERNATIONAL FUND CLASS A

David Khabie-Zeitoune
28 Feb 05
$860M
Jul 16
242.67
$803M
May 16
287.28
03 Aug 16
Ytd Avg. 2016

(1.82%)
0.00%
(1.13%)
3.11%
9.83%
4.91%
5.67%
7.88%
9.85%
7.14%
(10.48%)
Jul 07 - Aug 07
05 Aug 16
0.44%
(2.50%)
11.41%
12.14%
13.28%
3.64%
15.2%
9.66%
4.38%
(11.91%)
Jun 08 - Sep 08
Systematic
Ytd Avg. 2016
(5.37%)

Source - HSBC
52
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Systematic/Europe
BLACKROCK EOS CLASS B USD
COMPOSITE
Robert Fisher, Simon Weinberger
28 Feb 02
$431M
Apr 16
1,572.51
31 Jul 02
BLUEMATRIX FUND CLASS -AUSD

Systematica Investments Limited
31 Oct 07
DACHARAN EQUITY FUND

Dacharan
31 Dec 13
M/Q
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

(2.98%)
09 Aug 16 (0.15%)
(2.98%)
5.08%
6.55%
20.08%
3.49%
-3.11%
8.71%
8.16%
Max
Drawdown1
(14.33%)
Jul 07 - Jan 08
Systematic/Global
BLACKROCK 32 CAPITAL MASTER
FUND SPC, LTD (THE) - B/1
Raffaele Savi and Ken Kroner
Date
$1'047M
Jun 16
1,997.33
$774M
Feb 16
164.33
$53M
Apr 16
1,281.57
Ytd Avg. 2016

(6.17%)
30 Jun 16 (2.83%) (11.07%)
6.35%
-0.67%
8.02%
9.41%
24.92%
5.09%
7.52%
(25.15%)
Jun 08 - Sep 09
31 Jul 16
1.39%
(6.84%)
7.9%
10.4%
12.57%
-2.49%
-1.42%
5.84%
7.16%
(9.96%)
Apr 11 - Sep 11
31 Jul 16
0.85%
(0.60%)
9.66%
19.88%
10.91%
10.17%
(6.62%)
Jan 15 - Jun 15

Source - HSBC
53
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
2.63%
12.2%
12.04%
14.32%
13.04%
10.26%
Max
Drawdown1
Merger-Arbitrage
Ytd Avg. 2016
3.80%
Merger-Arbitrage/Global
ABRAX MERGER ARBITRAGE S.G.
FUND
Puzzle Capital, Xavier Robinson
30 Apr 11
GLAZER ENHANCED OFFSHORE

FUND LTD
Paul Glazer
31 Dec 98

Nick Walker
31 Jan 96
$94M
Jul 16
190.53
$470M
Jul 16
1,272.67
$32M
Apr 16
38.33
31 Jul 16
31 Aug 89
$138M
Apr 15
(11.84%)
May 12 - Oct 12
05 Aug 16
0.12%
4.63%
11.78%
5.91%
5.56%
5.34%
8.94%
15.54%
5.90%
(5.77%)
Oct 07 - Dec 07
30 Jun 16 (0.94%)
2.37%
8.52%
-8.29%
-5.17%
2.36%
4.6%
6.72%
9.40%
(34.07%)
Oct 07 - Feb 09
Merger-Arbitrage/USA
GABELLI ASSOCIATES LIMITED
Mario Gabelli
Ytd Avg. 2016

4.08%
2.09%
5.25%
22.74%
651.10
05 Aug 16
Ytd Avg. 2016

2.93%
0.05%
2.93%
3.14%
2.09%
3.12%
2.55%
3.03%
7.20%
3.19%
(6.65%)
Oct 07 - Oct 08

Source - HSBC
54
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
(1.88%)
4.67%
Max
Drawdown1
Credit
Ytd Avg. 2016
(0.58%)
Credit/Europe
CAIRN STRATA CREDIT FUND
Cairn Capital Limited
31 Dec 14
CHENAVARI MULTI STRATEGY

CREDIT FUND - MS2
31 Jan 12
NUMEN CREDIT OPPORTUNITIES

FUND
Filippo Lanza
31 Oct 08
M
M
60M
Jun 16
97.20
$513M
Mar 16
136.10
190M
Jul 16
447.29
Ytd Avg. 2016

(2.00%)
30 Jun 16 (1.69%)
(3.50%)
0.72%
31 May 04
$1'323M
Jun 16
(7.21%)
May 15 - Feb 16
30 Jun 16 (0.16%)
(4.34%)
2.48%
7.89%
20.57%
6.72%
7.23%
4.21%
(6.71%)
May 15 - Feb 16
31 Jul 16
(0.70%)
1.85%
1.79%
1.59%
12.47%
25.15%
-9.8%
21.31%
16.26%
(16.68%)
Oct 10 - Jan 12
Credit/Global
CANYON BALANCED FUND LTD
M.R. Julis & J.S. Friedman
3,398.88
31 Jul 16
Ytd Avg. 2016

3.67%
2.60%
3.67%
-8.4%
6.16%
19.99%
20.52%
-4.57%
10.57%
9.82%
(30.14%)
Oct 07 - Nov 08
Diversified
Ytd Avg. 2016
0.30%
Diversified/Asia
PHALANX JAPAN AUSTRALASIA
MULTI-STRATEGY FUND LTD
Christopher S. McGuire
31 Mar 05
SEGANTII ASIA-PACIFIC EQUITY

MULTI-STRATEGY FUND
Simon Sadler & Kurt Ersoy
30 Nov 07
$42M
Jun 16
1,519.51
$1'758M
Jun 16
389.25
05 Aug 16
30 Jun 99
$950M
Jun 16
05 Aug 16
30 Jun 06
ARROWGRASS MASTER FUND

Nick Niell , Henry Kenner
31 Jan 08
ATLAS ENHANCED FUND LTD

Dmitry Balyasny
28 Feb 11
M
Q
M
12.82%
11.48%
4.79%
27.07%
24.78%
(30.13%)
0.56%
3.05%
29.51%
34.88%
-1.68%
4.81%
40.75%
16.93%
9.75%
(10.16%)
May 13 - Mar 14
2,175.84
31 Jul 16
Ytd Avg. 2016

5.33%
0.74%
5.33%
7.08%
-3.57%
3.4%
20.68%
-9.29%
19.74%
11.51%
(33.18%)
May 08 - Feb 09
Diversified/Global
AHL DIMENSION
Tim Wong, Nick Granger
-12.87%
Apr 06 - Mar 07
SPINNAKER GLOBAL EMERGING
MARKETS FUND, LTD
Alexis Habib
Ytd Avg. 2016

5.92%
0.68%
8.80%
10.23%
$4'500M
Jun 16
1.06
4'519M
Jun 16
173.75
$7'600M
Apr 16
150.95
05 Aug 16
Ytd Avg. 2016

(0.09%)
0.06%
1.08%
6.79%
16.5%
2.64%
2.6%
-5.83%
5.98%
8.92%
(10.63%)
Dec 08 - Jan 10
05 Aug 16
0.34%
(1.27%)
6.13%
2.89%
8.58%
5.6%
0.12%
6.70%
4.08%
(3.99%)
Apr 11 - Sep 11
05 Aug 16
0.64%
(2.80%)
5.93%
13.73%
20.85%
12.61%
-5.28%
7.86%
7.73%
(13.44%)
Jul 11 - Apr 12

Source - HSBC
55
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
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
31 Dec 08
STRUCTURE INVESTMENTS FUND
LTD
Chad Meuse, Benoy Thomas
BOUSSARD & GAVAUDAN

HOLDING LTD ordinary shares
Emmanuel Gavaudan
31 Oct 06
BREVAN HOWARD M/S FUND, LTD 29 Feb 08

CL. A/USD
Alan Howard
BRUMMER MULTISTRATEGY 2XL,

LTD - C Klaus Jntti, Patrik Brummer
30 Apr 09
CFM ISDIVERSIFIED FUND LP

Capital Fund Management
31 Dec 14
CQS DIRECTIONAL OPP. FEEDER

FUND. Ltd A NI USD
Michael Hintze
31 Jul 05
W
Q
CQS DIVERSIFIED FUND (SPC) LTD 28 Feb 07

ALPHA CLASS B USD
James Peattie & Peter Warren
DOUBLE BLACK DIAMOND LTD SERIES A (UNRESTRICTED)

Clint Carlson
31 Mar 98
DWC CROSS COMMS

Karim Nasr, Fred Kooij
29 Feb 12
GLG MARKET NEUTRAL FUND CLASS Z USD Unres

Steve Roth
31 Dec 97
M
M
$2'800M
Jun 16
3,899.63
$75M
Aug 16
339.06
$1'042M
Jun 16
1,492.22
$379M
Jul 16
119.37
515M
Apr 16
21.90
$1'973M
Jun 16
128.96
$1'474M
Jun 16
1,485.09
$1'204M
Jul 16
104.10
$2'963M
May 16
4,995.24
$1'366M
Apr 16
1,740.00
$2'810M
Aug 16
432.34
$100M
Jun 16
126.37
$497M
Jul 16
894.65
31 Jul 16
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

(0.09%)
0.29%
(2.89%)
2.45%
7.2%
12.94%
4.84%
4.76%
11.41%
7.96%
Max
Drawdown1
(12.51%)
Jun 04 - Aug 04
05 Aug 16 (0.12%)
0.66%
-0.89%
4.91%
6.18%
10.23%
-2.13%
6.10%
4.06%
(18.64%)
Aug 08 - Dec 08
30 Jun 16 (3.93%)
(6.08%)
1.67%
2.07%
7.04%
7.86%
2.43%
3.65%
5.39%
(13.96%)
Jun 08 - Dec 08
30 Jun 16 (5.83%)
(14.86%)
12.3%
-5.21%
7.19%
3.74%
22.94%
2.39%
9.39%
(18.07%)
Jan 16 - Jun 16
26 Jul 16
0.41%
6.01%
15.65%
6.85%
13.6%
9.45%
-2.58%
8.38%
6.66%
(20.69%)
May 07 - Sep 08
30 Jun 16
1.50%
1.35%
-2.39%
1.13%
0.91%
4.61%
5.2%
3.10%
4.59%
(6.29%)
Feb 08 - Sep 08
31 Jul 16
3.50%
(0.06%)
2.6%
1.86%
15.02%
3.57%
1.02%
5.60%
7.65%
(12.91%)
Mar 15 - May 16
31 Jul 16
1.20%
(1.82%)
6.02%
2.56%
6.25%
(4.35%)
Jan 16 - Jun 16
31 Jul 16
4.81%
13.15%
-7.97%
3.12%
15.97%
35.87%
-10.42%
15.73%
14.14%
(24.58%)
Apr 11 - Sep 11
31 Jul 16
2.80%
5.15%
-2.63%
1.18%
5.99%
11.4%
-3.45%
6.05%
6.49%
(14.78%)
Jun 08 - Dec 08
05 Aug 16 (0.43%)
0.76%
0.64%
4.45%
7.74%
10.94%
-2.67%
8.30%
5.25%
(19.30%)
Aug 08 - Dec 08
30 Jun 16 (1.91%)
0.21%
4.28%
2.5%
10.76%
6.51%
5.54%
4.33%
(3.41%)
May 14 - Oct 14
05 Aug 16
0.66%
3.78%
-0.23%
-7.43%
10.3%
18.4%
0.78%
12.50%
13.99%
(54.03%)
Nov 07 - Dec 08

Source - HSBC
56
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
Diversified/Global
HALCYON PARTNERS OFFSHORE 31 May 04
FUND LTD
Jason Dillow
HIGHBRIDGE CAPITAL
31 Aug 92
CORPORATION CLASS -A-Series N
(Composite)
Mark Vanacore
Q/Y
HUTCHIN HILL DIVERSIFIED

ALPHA MASTER FUND LTD 15%
Incentive Allocation
Neil Chriss
30 Jun 08
JABCAP GLOBAL BALANCED FUND 30 Apr 07

LTD CLASS D/1 NI
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
Q
M
MAN GLG MULTI-STRATEGY FUND 31 Dec 02

CLASS G USD
Neil Mason and David Kingsley
MILLENNIUM INTL LTD

Israel A Englander
31 Dec 89
PALOMA INTERNATIONAL LTD

CLASS A
Donald Sussman
31 Dec 02
PINE RIVER FUND CLASS -B131 May 02

SHARES
Aaron Yeary, Colin Teichholtz, James
Clark
Q/Y
$260M
Oct 15
205.62
$1'639M
May 16
99,426.10
$3'604M
Aug 16
1,883.54
$299M
Jul 16
171.40
$321M
Jul 16
124.22
$1'063M
Jul 16
366.91
$1'244M
Jun 16
264.48
$209M
Jul 16
102.16
$78M
Jul 16
106.24
$33'270M
Jun 16
3,262.74
$3'105M
Jun 16
312.05
$3'054M
Aug 16
3,569.82
05 Aug 16
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
Ytd Avg. 2016

(0.09%)
0.41%
22.22%
-5.73%
-2.88%
7.4%
11.24%
-5.91%
6.09%
6.85%
Max
Drawdown1
(15.01%)
Oct 07 - Dec 08
31 Jul 16
2.10%
2.67%
2.92%
6.16%
6.5%
9.79%
-5.11%
10.07%
6.78%
(30.04%)
Jun 08 - Nov 08
05 Aug 16
0.53%
1.72%
-5.2%
9.69%
19.38%
11.06%
-4.92%
8.13%
5.85%
(8.52%)
Mar 15 - Feb 16
31 Jul 16
2.91%
(23.32%)
-3.93%
2.01%
47.8%
15.5%
-27.33%
5.99%
15.85%
(38.10%)
May 15 - Jun 16
31 Jul 16
3.99%
(20.40%)
-0.74%
-3.04%
43.03%
11.8%
-25.65%
2.31%
17.54%
(40.20%)
Feb 08 - Jan 09
30 Jun 16
0.88%
3.25%
2.82%
12.43%
16%
4.11%
-7.86%
10.44%
8.96%
(24.60%)
Feb 08 - Dec 08
05 Aug 16
0.50%
4.84%
14.72%
2.22%
10.04%
8.09%
38.69%
16.10%
8.92%
(9.53%)
Apr 10 - May 10
05 Aug 16
0.02%
(4.92%)
1.98%
-0.97%
4.73%
1%
0.37%
3.55%
(8.50%)
Apr 15 - Jun 16
05 Aug 16 (0.01%)
(3.65%)
5.91%
-0.92%
5.08%
4.98%
-3.59%
4.08%
6.93%
(30.54%)
Oct 07 - Dec 08
31 Jul 16
0.86%
(0.32%)
12.54%
12.09%
13.27%
6.32%
8.39%
13.98%
4.39%
(7.24%)
May 98 - Aug 98
30 Jun 16
0.41%
2.27%
10.78%
5.06%
16.02%
8.43%
-2.83%
8.79%
4.74%
(6.83%)
Jul 11 - Dec 11
31 Jul 16
2.02%
(1.27%)
-2.75%
4.57%
9.58%
21.75%
5.7%
9.39%
9.91%
(29.16%)
Jun 08 - Dec 08

Source - HSBC
57
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
Diversified/Global
PLATINUM PARTNERS VALUE
ARBITRAGE INT. FUND LTD
Mark Nordlicht
31 Dec 02
QVT OFFSHORE LTD CLASS 1-NR

Dan Gold
31 Oct 03
Q/Y
STRATUS FUND LIMITED CLASS B 30 Nov 03

Jean-Philippe Bouchaud, Philippe
Jordan, Marc Potters, Jacques
Sauliere
VERITION MULTI-STRATEGY FUND 29 Feb 08

COMPOSITE MODIFIED
INTERESTS,OPT-IN
Verition Fund Management LLC
VISIUM GLOBAL OFFSHORE FUND 31 Mar 09

LTD
Jacob Gottlieb
WEISS MULTI-STRATEGY
PARTNERS LLC
Weiss Multi-Strategy Advisers,LLC
30 Sep 06
$708M
Apr 16
8,318.61
$1'563M
May 16
2,612.52
$254M
Jul 16
2,710.22
$356M
Aug 16
315.51
$1'542M
Feb 16
328.66
$533M
Jun 16
192.81
30 Apr 16
31 Oct 04
$214M
Jul 16
YTD
2015
Ytd Avg. 2016

(0.09%)
4.98%
7.79%
8.76%
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
10.76%
7.12%
11.58%
21.03%
17.21%
5.51%
Max
Drawdown1
(4.44%)
Aug 08 - Oct 08
30 Jun 16 (0.54%)
(3.11%)
17.74%
-2.3%
1.39%
14.69%
6.55%
7.87%
9.30%
(40.35%)
Feb 08 - Dec 08
05 Aug 16 (0.08%)
0.67%
13.54%
14.58%
1.82%
-2.89%
15.63%
8.17%
5.98%
(10.52%)
Feb 12 - Sep 13
31 Jul 16
1.74%
3.74%
14.25%
10.56%
24.79%
13.62%
1.18%
14.61%
6.87%
(7.89%)
May 11 - Sep 11
30 Jun 16 (2.06%)
(4.85%)
10.28%
0.79%
16.99%
19.52%
1.75%
17.82%
9.48%
(7.80%)
Apr 10 - Jun 10
05 Aug 16
0.74%
7.30%
-0.86%
-0.01%
14.64%
1.75%
-0.15%
6.89%
6.21%
(17.75%)
Jun 08 - Dec 08
Diversified/Japan
LIM JAPAN FUND
George Long
MTD
203.51
05 Aug 16
Ytd Avg. 2016

(2.92%)
0.08%
(2.92%)
-0.37%
5.85%
11.39%
5.62%
2.73%
6.22%
5.51%
(10.09%)
Jun 08 - Feb 09

Source - HSBC
58
Inception Liquidity
Date
Asset
Size
Last NAV
or Index
Date
MTD
YTD
2015
2014
2013
2012
2011
Ann.
Return
Ann.
Volatility
5.5%
0.36%
7.56%
12.24%
7.67%
8.97%
6.12%
Max
Drawdown1
Arbitrage
Ytd Avg. 2016
1.93%
Arbitrage/Global
BLUEMOUNTAIN EQUITY
ALTERNATIVES FUND
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
M
M
$614M
Jun 16
2,451.04
262M
Jul 16
238.07
$963M
Jul 16
137.87
05 Aug 16
Ytd Avg. 2016

1.93%
0.02%
4.19%
(9.57%)
Sep 08 - Feb 09
05 Aug 16
0.57%
3.06%
4.75%
-4.16%
0.53%
24.85%
6.52%
9.73%
9.04%
(15.42%)
Mar 10 - Jun 10
31 Jul 16
0.18%
(1.46%)
7.73%
1.39%
-6.17%
13.41%
20.36%
6.63%
6.90%
(8.64%)
Oct 12 - Aug 13

Source - HSBC
59
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:
loss of all or a substantial portion of the investment;
Increase risk of loss due to leveraging;
short-selling, or other speculative investment practices;
lack of liquidity in that there may be no secondary market for the fund and none expected to develop;
volatility of returns;
prohibitions and/or material restrictions on transferring interests in the fund;
absence of information regarding valuations and pricing;
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
Bank USA, N.A. and are not guaranteed by HSBC Bank USA, N.A.; they are subject to investment risk including, but not limited to, the possible
loss of principal amount invested.
HSBC Private Bank is the principal private banking business of the HSBC Group. Private Banking may be carried out internationally by different HSBC
legal entities according to local regulatory requirements. Different companies may provide the services listed in this document within HSBC Private Bank
or by other members of the HSBC Group. Some services are not available from certain locations. Some HSBC Offices listed may act only as
representatives of HSBC Private Bank, and are therefore not permitted to sell products and services, or offer advice to customers. They serve as points of contact only.
Further details are available on request. A complete list of private banking entities is available on our website, www.hsbcprivatebank.com.
Copyright. HSBC Bank USA, N.A 2013 ALL RIGHTS RESERVED
No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying,
recording or otherwise, without the prior written permission of HSBC Bank USA.

HSBC - 8-12-2016

Uploaded by

Document Information

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

HSBC - 8-12-2016

Uploaded by

Copyright:

Available Formats

Hedge Weekly N33

Investment Funds Performance Review

HSBC Alternative Investment Group

Alternative Investment Products are:

NOT FDIC INSURED

About This Document

Past performance is not a reliable indicator of future performance.

HSBC Alternative Investment Group

Fixed Income Arbitrage

HSBC Alternative Investment Group

ANDURAND COMMODITIES FUND

BLACKROCK CAPITAL STRUCTURE IN

CANTAB CAPITAL PARTNERS QUANTI

ANTARES EUROPEAN FUND, LTD - U

BLACKROCK EUROPEAN DIVERSIFIED

CANYON BALANCED FUND LTD

APERIOS EMERGING CONNECTIVITY

BLACKROCK FIXED INCOME GLOBAL

CANYON VALUE REALIZATION FD, L

AQUILUS INFLECTION FUND LTD E

BLACKROCK OBSIDIAN FUND

CAPEVIEW AZRI 2X FUND

BLACKROCK PAN ASIA OPPORTUNITI

CAPEVIEW AZRI FUND

ARCTIC BLUE CAPITAL 3X

BLACKROCK UK EQUITY HEDGE FUND

CAPEVIEW RECOVERY FUND

A.R.T. INTERNATIONAL INVESTOR

ARISTEIA INTERNATIONAL LTD

BLUEBAY CREDIT ALPHA LONG SHOR

CAPITAL FOUR CREDIT OPPORTUNIT

AAM ABSOLUTE RETURN FUND

ARROWGRASS MASTER FUND

BLUEBAY EMERGING MARKET CORPOR 13

CAPULA GLOBAL RELATIVE VALUE F

ABACO FINANCIALS FUND

ASCEND PARTNERS FUND II LTD -

BLUEBAY EMERGING MARKET OPPORT

CASSIOPEIA FUND CLASS C

ABRAX MERGER ARBITRAGE S.G. FU

ASGARD FIXED INCOME FUND LTD

BLUEBAY EVENT DRIVEN CREDIT FU

CAXTON GLOBAL INVESTMENT LTD

ABSOLUTE INSIGHT CREDIT FUND B

ASPECT DIVERSIFIED FUND - CLAS

BLUEMATRIX FUND CLASS -A- USD

CCI HEALTHCARE PARTNERS LTD

ABSOLUTE INSIGHT EMERGING MARK

ATLAS ENHANCED FUND LTD

BLUEMOUNTAIN CREDIT ALTERNATIV

CCI MICRO HEALTHCARE PARTNERS

ABSOLUTE INSIGHT UK EQUITY MKT

ATLAS FUNDAMENTAL TRADING FUND

BLUEMOUNTAIN EQUITY ALTERNATIV

CERBERUS INTL. LTD CLASS A A/

ADELPHI EUR. FUND $ (A)

ATLAS GLOBAL INVESTMENTS LTD U

BLUEMOUNTAIN LONG SHORT EQUITY

CFM ISDIVERSIFIED FUND LP

ATREAUS OVERSEAS FUND LTD

BLUETREND FUND, LTD -USD- CLAS

CHENAVARI CORPORATE CREDIT STR

ADVENT GLOBAL PARTNERS

AVIVA INVESTOR MULTI-STRATEGY