HSBC 31

Hedge Weekly N31
Investment Funds Performance Review
HSBC Alternative Investment Group

Week of Monday 30 Jul to Friday 03 Aug 2012
Index by Strategies
Index by Funds
Top/Bottom 20
Newsletter
11
About This Document
48
Past performance is not a reliable indicator of future performance.
Equity-Diversified
Convertible Arbitrage
Convertible
11
Macro
12
13
13
Commodity
Credit
Currency
Diversified
Fixed Income
Credit Long/Short
Credit
Diversified
Multi-Strategy
Distressed
Distressed Security
16
16
16
17
23
23
24
24
25
25
26
26
Fixed Income Arbitrage

Fixed Income
Multistrategy
28
29
Fund of Funds
Arbitrage
Event Driven
Long/Short
Macro
Multi-Strategy
Trading
Currency
Discretionary
Multi-Strategy
Systematic
30
30
30
30
30
31
37
37
37
39
Market Neutral
Discretionary
Equity Diversified
Multi-Strategy
Statistical Arbitrage
Systematic
40
41
41
41
42
Merger Arbitrage
Merger-Arbitrage
Event Driven
Diversified
Multi-Strategy
33
33
33
34
36
Managed Futures
14
Equity Long/Short
Diversified
Equity
Equity-Commodity
Equity-Diversified
Equity-Energy
Equity-Financial
Equity-Healthcare
Equity-Mid-Small Cap
Equity-Pharma-Biotech
Equity-Technology
32
43
Multi-Strategy
Diversified
Equity
Multi-Strategy Diversified
Systematic
44
46
46
46
Volatility Arbitrage
Arbitrage
47
Long Only
Source - HSBC
3
3G BRAZIL OFFSHORE FUND LTD
17
A.R.T. INTERNATIONAL INVESTOR (
41
ABSOLUTE INSIGHT UK EQUITY MKT
40
ADELANTE EMERGING DEBT FUND
33
ADELPHI EMERGING EUROPE. FUND
17
ADELPHI EUR. FUND $ (A)
18
AETOS CORPORATION - CLASS A
43
AG MORTGAGE VALUE PARTNERS LTD
12
AG SUPER FUND INTERNATIONAL, LT
46
AJR INTERNATIONAL (BVI), INC. -
22
ALLBLUE LIMITED
44
22
ALPHADYNE INVESTMENT STRATEGIES 34

ALPHAGEN HOKUTO FUND LTD - CLAS
21
ALPHAGEN OCTANIS CLASS A
21
ALPHAGEN VOLANTIS FUND, LTD - A
24
ALTIS MASTER FUND ICC - GLOBAL
37
ALYDAR FUND LTD
22
ALYSHEBA FUND LIMITED
22
AMAZON MARKET NEUTRAL FUND CLAS 40

ANTARES EUROPEAN FUNDS, LTD - U
18
ARCUS JAPAN FUND -JPY-
21
ARISTEIA INTERNATIONAL LTD
12
ARMAJARO COMMODITIES FUND CLASS 33

ARMAJARO EMERGING MARKETS FUND 17
ARMAJARO STS COMMODITIES FUND C
ARROWGRASS INT FUND LTD
22
BREVAN HOWARD COMMODITIES STRAT 33
CLIVE FUND (The ) Class - A -
33
ASPECT DIVERSIFIED FUND - CLASS
37
BREVAN HOWARD CREDIT CATALYSTS
12
COBALT OFFSHORE LTD
22
AVIVA INVESTOR FIXED INCOME MAC
36
BREVAN HOWARD EM. MKT STRATEGIE
34
COELI POWER SURGE FUND LTD
37
BREVAN HOWARD FUND, LTD - USD C
34
COMAC GLOBAL MACRO FUND
35
BREVAN HOWARD INVEST. FUND - EM
36
CONQUEST MACRO FUND, LTD (COMP)
38
BREVAN HOWARD INVESTMENT FUND I
33
CONTRARIAN CAPITAL FUND I OFFSH
14
BREVAN HOWARD M/S FUND, LTD C
44
CONTRARIAN EMERGING MARKETS OFF 44
BRIGADE LEVERAGED CAPITAL STRUC
13
CQS ABS FEEDER FUND - CLASS -B-
12
BRUMMER MULTISTRATEGY 2XL, LTD
44
CQS ASIA FEEDER FUND LTD- CLAS
11
BRYN MAWR OFFSHORE LTD
ALLIANCE BERNSTEIN SELECT US EQ
ASCEND PARTNERS FUND II LTD - A
37
44
BASSO INVESTORS LTD
BAY RESOURCES PARTNERS OFFSHORE 22

BEACH HORIZON FUND LTD
37
BEACH POINT TOTAL RETURN OFFSHO
15
BEACONLIGHT OFFSHORE FUND LTD
20
BLACK DIAMOND RELATIVE VALUE LT
40
BLACK DIAMOND, LTD - CLASS B (U
44
BLACKROCK EOS CLASS B USD COMP
41
42
CQS CONV & QUANT STRATS FEED FD
11
BTG PACTUAL DISTRESSED MORTGAGE 15
CQS CREDIT LONG SHORT FEEDER FU
12
BTG PACTUAL GLOBAL EM. MKTS AND
CQS DIRECTIONAL OPP. FEEDER FUN
44
34
CQS DIVERSIFIED FUND (SPC) LTD
44
CRABEL FUND SPC LTD CLASS A
38
BLACKROCK MULTI-STRATEGY FUND
44
BLACKROCK 32 CAPITAL MASTER FUN
42
CANTAB CAPITAL PARTNERS QUANTIT
38
BLACKROCK CAPITAL STRUCTURE INV
44
CANTAB QUANTITATIVE UCITS FUND
38
BLACKROCK FIXED INCOME GLOBAL A
28
CANYON BALANCED FUND LTD - CLAS
14
DAVIDSON KEMPNER DIST. OPP. INT
14
BLACKROCK OBSIDIAN FUND
28
CANYON VALUE REALIZATION FD, LT
14
DAVIDSON KEMPNER INTL, LTD - CL
26
BLACKROCK UK EQUITY HEDGE FUND
21
CAPEVIEW AZRI FUND
18
DB EQUILIBRIA JAPAN FUND
40
BLUE SKY JAPAN LTD - CLASS A
21
CAPITAL FUND, LTD (THE)
34
DB EQUILIBRIA JAPAN FUND LTD 2X
40
BLUECREST CAPL INTL LTD A USD
44
CAPULA GLOBAL RELATIVE VALUE FU
28
DIAMOND CAPITAL MANAGEMENT
31
BLUECREST EMERGING MARKETS FUND 34
CAPULA TAIL RISK FUND LTD Share
34
DISCOVERY GLOBAL OPPORTUNITY FU
34
BLUECREST MULTI STRATEGY CREDIT
12
CASTLEROCK FUND LTD
22
DISCUS FEEDER LTD CL. B USD STA
38
BLUEMATRIX FUND CLASS -A- USD
41
CAXTON GLOBAL INVESTMENT LTD
35
DKR QUANTITATIVE STRATS FUND, L
38
BLUEMOUNTAIN CREDIT ALTERNATIVE
12
CAZENOVE EURO EQ ABS RETURN FUN 19
DORSET ENERGY FUND, LTD - CLASS
23
BLUEMOUNTAIN EQUITY ALTERNATIVE
47
CAZENOVE UK ABSOLUTE TARGET FUN 40
DOUBLE BLACK DIAMOND LTD - SERI
45
BLUEMOUNTAIN LONG SHORT CREDIT
12
CC ASIA ABSOLUTE RETURN FUND
16
DOUBLE HAVEN CREDIT OPPORTUNIT
13
BLUETREND FUND, LTD - CLASS A
37
CCI HEALTHCARE PARTNERS LTD
23
DRAKE GLOBAL OPPORTUNITIES FUND
28
BNY MELLON ARX BRAZIL FUND SPC
17
CENTAUR COMMERCIAL MATERIALS FU 11
DUET GLOBAL FUND PLUS
16
BORONIA DIVERSIFIED FUND MASTER
37
CENTAURUS INTERNATIONAL RISK AR
43
DYMON ASIA MACRO FUND COMPOSITE 33
BOUSSARD & GAVAUDAN HOLDING., L
44
CERBERUS INTL. LTD
14
BREVAN HOWARD ASIA FUND LIMITED
34
CHILTON CHINA OPPORTUNITIES FUN
16

Source - HSBC
11
E
EAGLE GLOBAL FUND
38
EGERTON EUROPEAN DOLLAR CLASS -
20
EGERTON EUROPEAN EQUITY EUR - C
19
ELEMENT CAPITAL FUND
35
ELLERSTON ASIA PACIFIC FUND
17
ELLERSTON GEMS - CLASS A
20
ELM RIDGE VALUE PARTNERS OFFSHO
22
EMF FIXED INCOME FUND, LTD
28
EMINENCE FUND LTD A
22
ENNISMORE EUROPEAN SMALLER COMP 24

EPISODE INC. CLASS A
35
EVEREST CAPITAL ASIA
17
EVEREST CAPITAL FRONTIER MARKET
18
EXANE ARCHIMEDES FUND CLASS A C
25
EXANE MICROMEGAS FUND LTD- CLAS
40
EXANE TEMPLIERS FUND
20
GAM DIVERSITY II INC - US$ CLAS
31
HARMONIC ALPHA PLUS MACRO FUND
GAM GLOBAL RATES HEDGE FUND
35
HENDERSON EUROPEAN ABS RETURN F 19
INVESTCORP STONEWORKS GLOBAL MA 35
GAM TRADING II USD
31
HENDERSON JAPAN ABS RETURN FD,
21
IVORY CAPITAL FLAGSHIP STRATEGY
GAMUT INVESTMENTS
35
HIGHBRIDGE CAPITAL CORPORATION
45
GAVEA FUND LTD . CLASS A S/1
34
HIGHBRIDGE LONG/SHORT EQUITY FU
22
GEOSPHERE DIRECTIONAL FUND LTD
16
HIGHBRIDGE QUANTITATIVE COMMODI
38
GEOSPHERE FUND, LTD
16
HIGHBRIDGE QUANTITATIVE COMMODI
38
GLC BEHAVIOURAL TREND FUND LTD
38
HIGHBRIDGE STATISTICAL OPP. LTD
42
GLC DIRECTIONAL FUND LTD
38
HORSEMAN GLOBAL FUND USD
20
GLC DIVERSIFIED FUND LTD -A-
45
HSBC ALPHA FUND LTD - HSBC EURO
19
GLC GESTALT EUROPE FUND, LTD A/
41
HSBC ASIAN ADVANTEDGE FUND
30
GLC GLOBAL MACRO FUND LTD
35
HSBC CREDIT MARKET OPPORTUNITIE
30
GLENROCK GLOBAL PARTNERS (BVI)
20
HSBC EMERGING ADVANTEDGE FUND
30
GLG EUROPEAN EQUITY ALTERNATIVE
16
HSBC EUROPEAN ALPHA FUND -EUR
19
HSBC GH FUND USD
31
KALTCHUGA FUND - RUSSIA EQ. SUB
18
38
GLG EUROPEAN LONG SHORT FUND CL 41
35
22
J
JABCAP GLOBAL BALANCED FUND LTD
45
JABCAP GLOBAL CONVERTIBLE FUND
11
JABCAP MULTI STRATEGY FUND LTD
45
JAMES ALPHA SMALL CAP FUND LTD
22
JOHO FUND, LTD-A-
17
JPMORGAN PORT. STRAT. FUNDS-EUR
19
GRACIE CREDIT OPPORTUNITIES L.P
12
HSBC GIF GEM EQUITY ABSOLUTE RE
18
GRADIENT EUROPE FUND (THE)
19
HSBC HEDGE INVESTMENTS FUND
31
KIMA PAN ASIA OFFSHORE FUND - C
17
GRAHAM GIF II PROPRIETARY MATRI
38
HSBC INDIA ALPHA FUND
18
KINETICS FUND, INC - A/A
22
14
GRAHAM GLOBAL INVESTMENT FUND I
38
HSBC LEVERAGED GH FUND
31
KING STREET CAPITAL, LTD
GRAHAM GLOBAL INVESTMENT FUND I
38
HSBC MAA FUND USD
30
KING STREET EUROPE LTD CLASS A
14
GRAHAM GLOBAL INVESTMENT FUND-
35
HSBC NEXT GENERATION FUND Share
30
KLS DIVERSIFIED FUND LTD
29
KROM RIVER COMMODITY FUND
33
12
GRAHAM GLOBAL INVESTMENT FUND-
35
HSBC QUANT ALTERNATIVE FUND GL.
28
FINISTERRE SOVEREIGN DEBT FUND
12
GREEN FUND LLC GREEN CLASS
34
HSBC QUANT ALTERNATIVE FUND GL.
28
FIREBIRD NEW RUSSIA FUND, LTD -
18
GREEN T G2 FUND
12
HSBC SPECIAL OPPORTUNITIES FUND
30
FIREBIRD REPUBLICS FUND, LTD
18
GREENLIGHT CAPITAL OFFSHORE, LT
24
HSBC TRADING ADVANTEDGE FUND
31
FORE MULTI STRATEGY FUND LTD
13
GROWTH MANAGEMENT LTD
18
HSBC UCITS ADVANTEDGE FUND -USD
31
FORTRESS ASIA MACRO FUND
34
GRT TOPAZ OFFSHORE PARTNERS, LT
24
HT ASIAN CATALYST FUND LLC
17
FORTRESS MACRO FUND LTD. CLASS
35
GSA CAPITAL INTERNATIONAL FUND,
41
HUDSON BAY INTERNATIONAL FUND L
41
HUTCHIN HILL CAPITAL OFFSHORE F
45
GABELLI ASSOCIATES LIMITED - CL
43
HABROK LTD
19
GAM DIVERSITY I INC - US$ CLASS
31
HALCYON OFF. ASSET-BACKED VALUE
15

Source - HSBC
28
KEYNES LEVERAGED QUANTITATIVE S
FEINGOLD OKEEFFE CAPITAL I OFFS
III RELATIVE VALUE CREDIT STRAT
I
III FUND LTD
28
L
LANSDOWNE DEVELOPED MARKET FUND20
LANSDOWNE EURO EQTY FD, LTD - A
19
LANSDOWNE GLOBAL FINANCIALS FUN
23
LAZARD RATHMORE FUND - CLASS A-
11
LC CAPITAL OFFSHORE FUND, LTD
14
LIM ASIA MULTI-STRATEGY FUND CL
41
LIM JAPAN FUND
46
LINDEN INTERNATIONAL LTD
45
LION FUND, LTD (THE)
43
MKP CREDIT OFFSHORE FUND
13
LIONTRUST EMERGING MARKETS ABS
18
MKP OPPORTUNITY OFFSHORE, LTD
35
LONDON DIVERSIFIED FUND, LTD -
28
MLIS - CCI HEALTHCARE LONG SHOR
23
LUCIDUS CAPITAL G4 FUND
12
MLIS - MARSHALL W. TOPS UCITS
40
LYNX (BERMUDA) LTD
37
MLIS OZ EUROPE UCITS FUND CLASS
26
MLM MACRO PEAK PARTNERS OFFSH F 35
MONARCH DEBT RECOVERY FUND LTD
14
MONEDA ABSOLUTE RETURN LTD
26
MOORE EMERGING EQUITY L/S FUND
18
PALOMINO FUND LTD CLASS B ORIGI
12
QFS CURRENCY FUND, LTD CLASS B
33
PAULSON ADVANTAGE LTD -A-
26
QVT OVERSEAS, LTD - B - Serie 1
45
PAULSON ADVANTAGE PLUS LTD
26
PAULSON CREDIT OPPORTUNITIES LT
14
PAULSON ENHANCED LTD
43
PAULSON INTERNATIONAL, LTD
43
PAULSON RECOVERY FUND LTD
26
PELHAM LONG/SHORT FUND LTD CLAS
19
PENSATO EUROPA FUND LTD EURO CL
20
PERCEPTIVE LIFE SCIENCES OFFSH
24
PERRY PARTNERS INTERNATIONAL IN
26
PERSHING SQUARE INTL.LTD
26
PHARO MACRO FUND LTD
36
R
RAB SPECIAL SITUATION FD LTD
24
REAL RETURN ASIAN FUND LTD (THE
17
REDWOOD OFFSHORE FUND
15
RENAISSANCE INSTITUTIONAL EQUIT
22
RENAISSANCE INSTITUTIONAL FUTUR
39
REVELATION SPECIAL SITUATIONS F
26
RHINE ALPHA STARS LTD
20
M. KINGDON OFFSHORE NV - A/1
20
MACQUARIE ASIAN ALPHA FUND
41
MADISON STREET FUND L.P.
22
MAN AHL DIVERSIFIED PLC
39
MARATHON OVERSEAS FUND, LTD - A
28
MARATHON VERTEX JAPAN FD, LTD C
21
MARCATO INTERNATIONAL LTD
27
MARINER-TRICADIA CREDIT STRATEG
12
MARLIN FUND LP
22
NEVSKY FUND PLC (COMPOSITE)
21
PHARO TRADING FUND
34
MARSHALL WACE - MW CORE A USD
19
NEZU CYCLICALS FUND LTD
17
PIMCO ABSOLUTE RETURN STRATEGY
28
MARSHALL WACE - MW EUREKA A1 EU
20
NORDIC ALPHA CLASS B - NOK
19
PIMCO MULTI-ASSET VOLATILITY FU
47
PINE RIVER ASIA FUND
11
PINE RIVER CONVERTIBLES FUND
11
PINE RIVER FIXED INCOME FUND LT
28
PINE RIVER FUND CLASS -B1- SHAR
45
SAB OVERSEAS FUND LTD
23
PINE RIVER LIQUID MORTGAGE FUND
28
SABA CAPITAL OFFSHORE FUND LTD
13
PINPOINT CHINA FUND CLASS A USD
17
SEGANTII ASIA-PACIFIC EQUITY MU
46
PINPOINT MULTI-STRATEGY FUND
36
SELIGMAN TECH SPECTRUM FUND CLA
25
PLATINUM FUND LTD
21
SEMINOLE OFFSHORE FUND
23
PLATINUM PARTNERS VALUE ARBITRA
45
SENVEST PARTNERS, LTD - CLASS A
24
POLAR CAPITAL EUROP CONVICTION
20
SHEPHERD INVEST LTD CLASS -A -C
45
POLAR CAPITAL EUROPEAN FORAGER
24
SIERRA EUROPE OFFSHORE, LTD - U
20
POLLUX BRAZILIAN EQUITIES FUND
18
SILVER POINT CAPITAL OFFSHORE L
14
PROLOGUE FEEDER FUND, LTD. CLAS
29
SOFAER CAPL ASIAN HEDGE FD (Net
17
SOMERSET SPECIAL OPPORTUNITIES
26
MOORE EMERGING FX . INC & CRY F
34
MOORE GLOBAL INV FD, LTD - A $
36
MOORE MACRO MANAGERS FUND, LTD
36
MS ASCEND UCITS FUND CLASS I EU
21
MARSHALL WACE - MW EUROPEAN TOP 19

MARSHALL WACE - MW GLOBAL FINAN
23
MARSHALL WACE - MW GLOBAL OPPOR 21

MARSHALL WACE - MW MARKET NEUTR 40
MARTIN CURRIE ARF - GLOBAL RESO
16
MARTIN CURRIE ARF - JAPAN FUND
21
MARTIN CURRIE EUROPEAN HEDGE FU
19
MASTERS FUND LTD MAGNOLIA SERIE
30
MAVERICK FUND, LTD - CLASS A/1
21
MBAM ACTIVE LONG SHORT
19
MELLON OFF GLOB OPP FUND LTD -
35
MELLON OFF. ALPHAACCESS FUND LT
35
MERCHANT COMMODITY FUND (THE) -
33
MILLENNIUM INTL LTD
45
O
OCCO EASTERN EUROPEAN FUND
18
OCEANIC HEDGE FUND - CLASS A
16
OCP DEBT OPPORTUNITY INTERNATIO
13
OCTAGON PAN ASIA FUND
17
ODEY EUROPEAN, INC (EUR)
19
OMEGA OVERSEAS PARTNERS, LTD C
22
ONE WILLIAM STREET CAPITAL FUND
13
ONSLOW MACRO FUND CLASS A
36
ORTUS FUND (CAYMAN) LTD
37
OWL CREEK OVERSEAS FUND, LTD
26

Source - HSBC
ROSEMONT OFFSHORE FUND LTD CLAS 42

RUBICON GLOBAL FUND, LTD
36
RUSSIAN PROSPERITY FUND - A
32
RWC SAMSARA FUND CLASS A EURO
20
RWC US ABSOLUTE ALPHA FUND - CL
23
SPINNAKER GLOB OPP FUND, LTD CO
TWO SIGMA HORIZON CAYMAN LTD
45
SPINNAKER GLOBAL EMERGING MARKE 44
34
TYRUS CAPITAL EVENT FUND LTD
27
SPINNER GLOBAL TECHNOLOGY FUND,
25
TYRUS CAPITAL OPPORTUNITIES FUN
27
SR GLOBAL FUND - B - ASIA (Real
17
SR GLOBAL FUND C - INTERNATIONA
21
SR GLOBAL FUND G - EMERGING MKT
18
SR GLOBAL FUND H - JAPAN (Real
21
SR PHOENICIA INC CLASS -A- SERI
18
STANDARD PACIFIC CAPITAL -B-
21
STONE LION FUND LTD CLASS A
14
STRATEGIC VALUE RESTRUCTURING F
14
STRATUS FUND LIMITED CLASS B
45
V
VAN ECK HARD ASSETS 2X FUND LTD
16
VISIUM BALANCE OFFSHORE FUND CL
25
VISIUM CREDIT OPPORTUNITIES FUN
13
VISIUM GLOBAL OFFSHORE FUND LTD
45
VISIUM INSTITUTIONAL PARTNERS F
24
VR GLOBAL OFFSHORE FUND LTD
14
T
TALENTUM ENHANCED FUND LIMITED
40
TEWKSBURY INVESTMENT FUND, LTD
39
THEOREMA EUROPE FUND PLUS LTD B
20
THIRD POINT OFFSHORE
26
THIRD POINT ULTRA
27
TILDEN PARK OFFSHORE INVESTMENT
13
TOSCA CLASS A - USD
23
TRADELINK INTEGRATED PROGRAM LT
39
TRAXIS FUND LP (OFFSHORE)
36
TRAXIS SIVIK GLOBAL HEALTHCARE
25
TT INTERNATIONAL FUND
36
TT MID-CAP EUROPE LONG/SHORT FU
20
TUDOR B.V.I GLOBAL FUND LTD -A-
36
TUDOR B.V.I GLOBAL FUND LTD -A-
36
TUDOR TENSOR FUND LIMITED CLASS
39
TULIP TREND FUND, LTD - A
39
TWO SIGMA ABSOLUTE RETURN FUND
41
TWO SIGMA COMPASS CAYMAN FUND
39
WATERSTONE MKT NEUT OS FUND, LT
11
WEISS MULTI-STRATEGY PARTNERS (
45
WF ASIA FUND LTD S/1
17
WINTON EVOLUTION FUND (THE)
46
WINTON FUTURES FUND - CLASS B
39
Y
YORK INVESTMENT LTD -CLASS A-U/
Z
ZADIG FUND CLASS A1
20
ZAXIS OFFSHORE LTD - CLASS A/1
24
ZWEIG-DIMENNA INTL LIMITED - CL
23

Source - HSBC
27
Top
Investment Funds
Bottom
Return
27.84
Date
Investment Funds
Return
Date
31 Jul 12
-17.67
30 Jun 12
-16.23
30 Jun 12
MOORE EMERGING EQUITY L/S FUND LTD -A-
-14.71
19 Jul 12
HARMONIC ALPHA PLUS MACRO FUND - USD CLASS
22.80
27 Jul 12
20.34
30 Jun 12
20.17
27 Jul 12
-14.66
31 Jul 12
18.41
31 Jul 12
SR GLOBAL FUND C - INTERNATIONAL (Real Perf)
-14.12
31 Jul 12
PINE RIVER FIXED INCOME FUND LTD
18.27
27 Jul 12
ARMAJARO STS COMMODITIES FUND CLASS -Z-
-12.56
30 Jun 12
BTG PACTUAL DISTRESSED MORTGAGE FUND
18.10
30 Jun 12
-11.58
30 Jun 12
MLM MACRO PEAK PARTNERS OFFSH FD, LTD - B
17.82
31 Jul 12
-11.36
31 Jul 12
CQS DIRECTIONAL OPP. FEEDER FUND. Ltd A NI USD
17.34
30 Jun 12
-9.14
30 Jun 12
CANTAB CAPITAL PARTNERS QUANTITATIVE FUND US$

ARISTARCHUS SH.
17.10
31 Jul 12
16.31
27 Jul 12
TILDEN PARK OFFSHORE INVESTMENT FUND LTD
15.87
30 Jun 12
15.83
31 Jul 12
EMINENCE FUND LTD A
15.38
31 Jul 12
15.17
30 Jun 12
TALENTUM ENHANCED FUND LIMITED - A -
15.13
27 Jul 12
14.78
27 Jul 12
BTG PACTUAL GLOBAL EM. MKTS AND MACRO FUND
14.07
13 Jul 12
PINE RIVER LIQUID MORTGAGE FUND LTD
13.97
27 Jul 12
13.45
31 Jul 12
SOFAER CAPL ASIAN HEDGE FD (Net Index)

PHARO TRADING FUND
-9.10
13 Jul 12
CAPULA TAIL RISK FUND LTD Share Class C Series 1
-8.97
27 Jul 12
-8.80
30 Jun 12
ELM RIDGE VALUE PARTNERS OFFSHORE, INC - A
-8.67
30 Jun 12
-8.54
27 Jul 12
DORSET ENERGY FUND, LTD - CLASS A
-7.37
27 Jul 12
JABCAP GLOBAL BALANCED FUND LTD CLASS D/1 NI
-7.36
24 Jul 12
KIMA PAN ASIA OFFSHORE FUND - CLASS -A-
-6.85
13 Jul 12
-6.75
27 Jul 12
-6.41
30 Jun 12
-6.26
30 Jun 12
This ranking is for information only and should not be considered as exhaustive.
Source - HSBC
Top
Investment Funds
Bottom
Date
Investment Funds
SEGANTII ASIA-PACIFIC EQUITY MULTI-STRATEGY FUND
Return
40.75
31 Dec 11
-52.64
31 Dec 11
RENAISSANCE INSTITUTIONAL EQUITIES LP (B)
34.16
31 Dec 11
HENDERSON EUROPEAN ABS RETURN FD, LTD USD
-42.01
31 Dec 11
MARSHALL WACE - MW GLOBAL OPPORTUNITIES A USD
27.16
31 Dec 11
-35.96
31 Dec 11
BLACKROCK 32 CAPITAL MASTER FUND SPC, LTD (THE)

- A/1
24.92
31 Dec 11
-35.04
31 Dec 11
-33.96
31 Dec 11
BLACKROCK CAPITAL STRUCTURE INVESTMENTS FUND

LTD
22.94
DISCUS FEEDER LTD CL. B USD STANDARD LEVERAGE
21.95
31 Dec 11
31 Dec 11
PIMCO MULTI-ASSET VOLATILITY FUND LTD
20.36
31 Dec 11
DYMON ASIA MACRO FUND COMPOSITE
20.11
31 Dec 11
BLACKROCK FIXED INCOME GLOBAL ALPHA FUND
19.93
31 Dec 11
PLATINUM PARTNERS VALUE ARBITRAGE INT. FUND

LTD
19.61
31 Dec 11
15.63
Return
Date
MERCHANT COMMODITY FUND (THE) - COMPOSITE
-30.07
31 Dec 11
ALTIS MASTER FUND ICC - GLOBAL FUTURES

PORTFOLIO IC
-29.61
31 Dec 11
-27.92
31 Dec 11
JABCAP GLOBAL BALANCED FUND LTD CLASS D/1 NI
-27.33
31 Dec 11
JABCAP MULTI STRATEGY FUND LTD CLASS D/1 NI
-25.65
31 Dec 11
-24.27
31 Dec 11
31 Dec 11
CASTLEROCK FUND LTD
-23.84
31 Dec 11
-23.24
31 Dec 11
GSA CAPITAL INTERNATIONAL FUND, LTD - CLASS A
15.20
31 Dec 11
CANTAB CAPITAL PARTNERS QUANTITATIVE FUND US$

ARISTARCHUS SH.
12.84
31 Dec 11
CHILTON CHINA OPPORTUNITIES FUND LTD
-23.21
31 Dec 11
-22.97
31 Dec 11
BREVAN HOWARD FUND, LTD - USD CLASS A
12.15
31 Dec 11
LIONTRUST EMERGING MARKETS ABS RETURN FUND

CLASS B
AMAZON MARKET NEUTRAL FUND CLASS A USD
11.56
31 Dec 11
ARMAJARO EMERGING MARKETS FUND CLASS -A-
-22.31
31 Dec 11
11.42
31 Dec 11
SR GLOBAL FUND - B - ASIA (Real Perf)
-21.86
31 Dec 11
-21.55
31 Dec 11
ENNISMORE EUROPEAN SMALLER COMPANIES
11.36
31 Dec 11
CAZENOVE UK ABSOLUTE TARGET FUND - P2 GBP
11.24
31 Dec 11
TRADELINK INTEGRATED PROGRAM LTD
-21.27
31 Dec 11
SR PHOENICIA INC CLASS -A- SERIES 1
-20.97
31 Dec 11
10.82
31 Dec 11
III RELATIVE VALUE CREDIT STRATEGIES FUND LTD
10.36
31 Dec 11
Source - HSBC
Top
Investment Funds
Bottom
Return
58.35
Date
Investment Funds
31 Dec 10
GLC GESTALT EUROPE FUND, LTD A/1
-13.42
31 Dec 10
CAZENOVE EURO EQ ABS RETURN FUND LIMITED

CLASS B
-12.05
31 Dec 10
-11.82
31 Dec 10
GLC DIVERSIFIED FUND LTD -A-
-11.56
31 Dec 10
-10.14
31 Dec 10
41.65
31 Dec 10
MARLIN FUND LP
41.63
31 Dec 10
39.59
31 Dec 10
38.39
31 Dec 10
THIRD POINT ULTRA
37.91
31 Dec 10
35.90
31 Dec 10
33.75
31 Dec 10
CONTRARIAN EMERGING MARKETS OFF FUND LTD
33.16
31 Dec 10
MOORE EMERGING EQUITY L/S FUND LTD -A-
32.18
31 Dec 10
31.84
31 Dec 10
Return
Date
-10.04
31 Dec 10
INVESTCORP STONEWORKS GLOBAL MACRO FUND LTD
-9.08
31 Dec 10
DOUBLE HAVEN CREDIT OPPORTUNITIES 04/04
-8.53
31 Dec 10
-7.62
31 Dec 10
-7.59
31 Dec 10
DISCUS FEEDER LTD CL. B USD STANDARD LEVERAGE
-6.67
31 Dec 10
-5.14
31 Dec 10
VISIUM CREDIT OPPORTUNITIES FUND
31.67
31 Dec 10
CQS DIRECTIONAL OPP. FEEDER FUND. Ltd A NI USD
31.45
31 Dec 10
LIONTRUST EMERGING MARKETS ABS RETURN FUND

CLASS B
HIGHBRIDGE QUANTITATIVE COMMODITIES FUND

CLASS A
31.32
31 Dec 10
-4.79
31 Dec 10
RWC US ABSOLUTE ALPHA FUND - CLASS B
-4.56
31 Dec 10
SR GLOBAL FUND H - JAPAN (Real Perf)
-4.22
31 Dec 10
GAM DIVERSITY II INC - US$ CLASS
-3.40
31 Dec 10
30.80
31 Dec 10
EVEREST CAPITAL FRONTIER MARKETS
30.64
31 Dec 10
JPMORGAN PORT. STRAT. FUNDS-EUROPE DYNAMIC

L/S FUND-A10-03
28.88
31 Dec 10
SIERRA EUROPE OFFSHORE, LTD - USD/A
-3.08
31 Dec 10
QFS CURRENCY FUND, LTD CLASS B SHARES (INDEX)
28.78
31 Dec 10
-2.68
31 Dec 10
28.71
31 Dec 10
-2.62
31 Dec 10
ANTARES EUROPEAN FUNDS, LTD - USD
28.25
31 Dec 10
-2.55
31 Dec 10
Source - HSBC
10
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
MTD
YTD
2011
2010
2009
Ann. Return
Ann. Vol
Max
Drawdown1
Convertible
Ytd Avg. 2012
3.08%
Convertible/Asia
CQS ASIA FEEDER FUND LTD- CLASS -BMichael Hintze, Jean-Christophe Blanc
30 Apr 07
PINE RIVER ASIA FUND

Nikhil Mankodi
30 Jun 04
Q
Q
$94 M
May 12
1,201.37
$242 M
Jul 12
1,513.82
Convertible/Global
BASSO INVESTORS LTD
Howard Fischer
30 Sep 95
CENTAUR COMMERCIAL MATERIALS FUND LTD

Carrigaholt Holdings Ltd
28 Feb 98
CQS CONV & QUANT STRATS FEED FD, LTD CLASS

-A-N/R
Michael Hintze/ Oliver Dobbs
29 Feb 04
JABCAP GLOBAL CONVERTIBLE FUND - D1

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

Sean Reynolds, Christopher Sferruzzo
31 May 07
Q
M
M
N/A
Q/M
$433 M
Mar 12
6,065.84
$126 M
May 12
255.11
$570 M
Jun 12
2,794.39
$ 351 M
Mar 12
145.45
$1'148 M
Jun 12
190.10
30 Jun
12
30 Jun
12
31 Jul 09
WATERSTONE MKT NEUT OS FUND, LTD

Shawn Bergerson
31 Jul 03
Q
Q
10.74%
31.07%
3.61%
8.73%
(24.55%)
Oct 07 - Oct 08
0.13%
5.41%
0.67%
12.99%
49.63%
5.32%
12.09%
(37.86%)
Jan 08 - Dec 08
Ytd Avg. 2012

2.25%
27 Jul 12 1.04%
4.62%
2.61%
17.15%
54.31%
11.30%
6.19%
(25.00%)
Dec 07 - Oct 08
30 Jun
12
(1.34%)
30 Jun
12
1.07%
(1.71%)
5.75%
4.15%
33.39%
6.75%
5.50%
(24.49%)
May 07 - Nov 08
4.13%
-1.85%
8.04%
31.25%
3.87%
9.24%
(34.03%)
Oct 07 - Dec 08
24 Jul 12 (0.07%)
0.89%
-14.15%
8.45%
69.6%
7.41%
14.34%
(28.61%)
May 08 - Nov 08
31 Jul 12 0.96%
3.32%
-1.65%
16.97%
64.1%
13.22%
9.63%
(16.23%)
Aug 08 - Nov 08
Convertible/USA
PINE RIVER CONVERTIBLES FUND
Franklin Parlamis
Ytd Avg. 2012

3.55%
0.48%
1.69%
-4.26%
$134 M
Jul 12
159.49
$1'555 M
Jun 12
230.95
30 Jun
12
Ytd Avg. 2012

4.66%
1.91%
4.17%
4.98%
27 Jul 12 0.05%
22.41%
19.14%
17.35%
7.55%
(3.80%)
Apr 10 - Jun 10
5.16%
0.73%
6.1%
49.27%
9.75%
10.64%
(17.56%)
Aug 08 - Oct 08
1. Max Drawdown: Peak to trough.

Source - HSBC
11
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
MTD
YTD
2011
2010
2009
Ann. Return
Ann. Vol
Max
Drawdown1
Credit
Ytd Avg. 2012
4.98%
Credit/Emerging
FINISTERRE SOVEREIGN DEBT FUND
Paul Crean and Xavier Corin-Mick
31 Mar 03
$741 M
Jun 12
234.56
30 Jun
12
Credit/Global
AG MORTGAGE VALUE PARTNERS LTD
Jonathan Lieberman
30 Apr 09
ARISTEIA INTERNATIONAL LTD

Anthony M. Frascella, William R. Techar
01 Aug 97
BLUECREST MULTI STRATEGY CREDIT FUND

Bluecrest Capital Management LLP
30 Nov 07
BLUEMOUNTAIN CREDIT ALTERNATIVES FUND

Andrew T. Feldstein
31 Oct 03
BLUEMOUNTAIN LONG SHORT CREDIT FUND LTD

Derek Smith
31 Jan 10
BREVAN HOWARD CREDIT CATALYSTS FUND LTD

CLASS A USD
DW Investment Management ,LP
31 Jul 09
CQS ABS FEEDER FUND - CLASS -BAlistair Lumsden,
30 Sep 06
CQS CREDIT LONG SHORT FEEDER FUND LTD - B1

EUR
Simon Finch
30 Apr 09
FEINGOLD OKEEFFE CAPITAL I OFFSHORE, LTD

Andrea S. Feingold & R. Ian OKeeffe
31 Jul 02
GRACIE CREDIT OPPORTUNITIES L.P.

James Palmisciano
30 Jun 04
GREEN T G2 FUND
Darryl Green, Geoffrey Sherry
28 Feb 99
LUCIDUS CAPITAL G4 FUND

Darryl Green, Geoffrey Sherry
28 Feb 11
MARINER-TRICADIA CREDIT STRATEGIES, LTD

Arif Inayatullah & Michael Barnes
31 Mar 05
PALOMINO FUND LTD CLASS B ORIGINAL SERIES

David Tepper
31 Dec 94
Q
Q
Q
Q
M
M
Q
M
Q
Q
Q
Q
Q
Y
$536 M
Apr 12
180.38
$1'400M
Mar 12
764.47
$1'200 M
Feb 12
143.42
$4'061 M
Apr 12
230.55
$903 M
Mar 12
1,046.25
$2'667 M
Jun 12
143.72
$2'125 M
Jun 12
4,160.83
$233M
Jun 12
1,190.40
$62 M
Feb 12
224.73
$2'032M
Mar 12
207.41
$952 M
Jun 12
248.91
$256 M
Jun 12
102.61
$1'414 M
Jun 12
289.12
$4'948 M
Apr 12
5,731.05
30 Jun
12
Ytd Avg. 2012

(2.52%)
2.23% (2.52%)
10.35%
12.04%
50.9%
9.65%
7.58%
(21.00%)
Jun 08 - Oct 08
Ytd Avg. 2012

4.64%
1.20%
8.21%
7.42%
24.06%
25.08%
20.45%
4.75%
(1.54%)
Jul 11 - Sep 11
30 Jun
12
0.20%
30 Jun
12
1.52%
6.69%
2.36%
10.5%
66.97%
14.60%
9.42%
(30.20%)
May 08 - Dec 08
4.04%
-1.59%
1.85%
13.11%
6.29%
6.15%
(7.62%)
Apr 11 - Jan 12
27 Jul 12 0.73%
10.98%
3.57%
12.19%
37.59%
10.02%
6.71%
(11.82%)
Aug 08 - Dec 08
27 Jul 12 0.54%
4.63%
3.65%
9.76%
7.25%
4.19%
(3.43%)
Apr 11 - Sep 11
20 Jul 12 0.11%
7.26%
1.22%
13.46%
16.68%
12.98%
5.14%
(5.05%)
May 11 - Dec 11
30 Jun
12
(0.58%)
30 Jun
12
0.19%
5.67%
0.67%
19.2%
28.53%
28.12%
12.99%
(3.86%)
Apr 07 - Jun 07
0.44%
7.74%
8.75%
1.98%
5.92%
3.82%
(2.96%)
Sep 11 - Mar 12
31 Jul 12 0.75%
4.67%
-9.97%
20.28%
55.27%
8.43%
8.38%
(29.78%)
Jun 07 - Dec 08
30 Jun
12
(2.80%)
(2.23%)
0.13%
4.48%
16.29%
9.54%
5.27%
(4.17%)
Mar 08 - Sep 08
20 Jul 12 0.36%
0.53%
0.8%
5.88%
4.6%
7.04%
3.69%
(4.26%)
Dec 03 - Jul 04
27 Jul 12 1.16%
1.55%
1.04%
1.84%
2.92%
(1.97%)
Feb 11 - Jun 11
13 Jul 12 (0.37%)
4.40%
-0.81%
10.19%
26.45%
15.68%
8.16%
(10.77%)
Jun 08 - Nov 08
30 Jun
12
0.70%
13.31%
-3.53%
27.86%
129.52%
26.01%
20.80%
(49.05%)
Feb 98 - Sep 98

Source - HSBC
12
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Credit/Global
SABA CAPITAL OFFSHORE FUND LTD
Saba Capital mgmt
31 Jul 09
VISIUM CREDIT OPPORTUNITIES FUND

Visium Asset Management
30 Apr 09
Q
Q
$3'997M
May 12
131.82
$ 421 M
Jun 12
164.33
31 Dec 06
MKP CREDIT OFFSHORE FUND

Patrick McMahon and Anthony Lembke
28 Feb 99
OCP DEBT OPPORTUNITY INTERNATIONAL LTD

Onex Credit Partners
30 Jun 01
ONE WILLIAM STREET CAPITAL FUND

OWS Capital Management
31 Mar 08
TILDEN PARK OFFSHORE INVESTMENT FUND LTD

Tilden Park Capital Management LP
31 Dec 10
Q
Y/Q
Q
Y/Q
Q
MTD
YTD
2011
Ytd Avg. 2012

4.64%
20 Jul 12 (1.62%) 0.75%
9.33%
2010
10.85%
2009
7.96%
Ann. Return
9.74%
Ann. Vol
3.09%
Max
Drawdown1
(1.62%)
Jun 12 - Jul 12
27 Jul 12 0.90%
3.37%
0.68%
31.67%
19.91%
16.55%
5.90%
(5.89%)
Jun 11 - Oct 11
Credit/USA
BRIGADE LEVERAGED CAPITAL STRUCTURES FUND
Don Morgan
Date
$5'461M
May 12
1,457.49
$1'572M
May 12
415.66
$ 318 M
Jun 12
239.43
$2'035 M
Jul 12
1,504.24
$427M
Jun 12
127.54
Ytd Avg. 2012

7.56%
27 Jul 12 0.29%
3.82%
2.45%
7.52%
39.68%
6.99%
7.26%
(19.42%)
Jun 08 - Dec 08
27 Jul 12 2.52%
6.22%
-5.11%
15.33%
17.06%
11.20%
5.40%
(8.94%)
Feb 11 - Oct 11
30 Jun
12
0.11%
30 Jun
12
0.20%
30 Jun
12
1.93%
3.83%
-1.39%
10.32%
55.18%
8.25%
6.85%
(24.14%)
Jun 07 - Dec 08
8.08%
-4.31%
18.63%
25.04%
10.12%
6.57%
(8.10%)
Feb 11 - Nov 11
15.87%
10.07%
17.62%
4.24%
(0.91%)
Sep 11 - Oct 11
Diversified
Ytd Avg. 2012
1.22%
Diversified/Global
FORE MULTI STRATEGY FUND LTD
Matthew Li
31 Mar 04
$1'732 M
May 12
292.39
30 Jun
12
Ytd Avg. 2012

1.22%
0.60%
1.22%
7.84%
13.26%
48.29%
13.88%
11.64%
(27.01%)
Feb 08 - Sep 08
Multi-Strategy
Ytd Avg. 2012
2.92%
Multi-Strategy/Asia
DOUBLE HAVEN CREDIT OPPORTUNITIES 04/04
Darryl Flint
31 Mar 04
Y/Q
$70 M
May 12
1,261.09
Ytd Avg. 2012

2.92%
24 Jul 12 0.00%
2.92%
-4.16%
-8.53%
6.27%
2.83%
5.53%
(22.20%)
Aug 08 - Dec 11

Source - HSBC
13
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
MTD
YTD
2011
2010
2009
Ann. Return
Ann. Vol
Max
Drawdown1
Distressed Security
Ytd Avg. 2012
6.14%
Distressed Security/Europe
KING STREET EUROPE LTD CLASS A
O. Francis Biondi, Jr., Brian J. Higgins
30 Jun 07
$ 600 M
May 12
142.25
Ytd Avg. 2012

3.78%
20 Jul 12 0.38%
3.78%
-4.82%
31 May 04
CANYON VALUE REALIZATION FD, LTD - CLASS A

M.R. Julis & J.S. Friedman
31 Dec 94
CERBERUS INTL. LTD

Steve Feinberg
31 May 93
CONTRARIAN CAPITAL FUND I OFFSHORE LTD

Contrarian Capital Management L.L.C.
30 Sep 86
DAVIDSON KEMPNER DIST. OPP. INT. LTD - CLASS C

TRN 1 Anthony A. Yoseloff, Avi Z. Friedman and Conor Bastable
31 Mar 05
KING STREET CAPITAL, LTD

O. Francis Biondi Jr & Brian J. Higgins
31 Dec 96
LC CAPITAL OFFSHORE FUND, LTD

Steven G Lampe & Richard F Conway
30 Sep 99
MONARCH DEBT RECOVERY FUND LTD

Michael Weinstock, Andrew Herenstein
31 Mar 02
PAULSON CREDIT OPPORTUNITIES LTD

John Paulson
30 Jun 06
SILVER POINT CAPITAL OFFSHORE LTD

Edward Mul
31 Dec 01
STONE LION FUND LTD CLASS A

Greg Hanley and Alan Mintz
31 Oct 08
STRATEGIC VALUE RESTRUCTURING FUND

Victor Khosla
31 Aug 02

Richard Deitz
30 Apr 99
Q
Q
Q
Y
Y
Q
Y/Q
Y
Y
Q
Q
Q/Y
Q
9.91%
7.21%
7.23%
(8.56%)
May 11 - Nov 11
Distressed Security/Global
CANYON BALANCED FUND LTD - CLASS A
M.R. Julis & J.S. Friedman
7.94%
$1'558 M
Mar 12
2,527.39
$5'414 M
Jan 12
5,995.40
$1'776 M
Feb 12
714,786.72
$2'036 M
Jun 12
1,948.72
$797 M
Nov 11
2,009.01
$10'500M
May 12
506.80
$175 M
Jun 12
343.20
$1'045 M
Jan 12
3,013.85
$4'083 M
Jun 12
1,307.53
$6'696 M
Feb 12
3,440.00
$ 752 M
Feb 12
1,828.35
$1'073 M
Feb 12
269.53
$1'108 M
Apr 12
22,221.10
30 Jun
12
Ytd Avg. 2012

5.13%
0.70%
8.39%
-4.57%
14.29%
75.67%
12.15%
11.18%
(30.14%)
Oct 07 - Nov 08
30 Jun
12
0.82%
30 Jun
12
2.31%
30 Jun
12
1.19%
30 Jun
12
0.65%
9.14%
-4.66%
14.66%
59.09%
10.77%
8.72%
(28.82%)
Oct 07 - Nov 08
3.93%
9.6%
10.32%
2.46%
10.85%
5.39%
(22.26%)
May 08 - Feb 09
9.36%
-1.32%
12.38%
42.4%
12.22%
9.89%
(33.22%)
Jun 07 - Feb 09
5.30%
-2.45%
10.03%
47.15%
10.09%
10.95%
(25.73%)
Oct 07 - Nov 08
20 Jul 12 0.69%
6.00%
-1.62%
5.41%
19.73%
10.99%
4.17%
(5.21%)
May 11 - Nov 11
30 Jun
12
(0.39%)
30 Jun
12
0.05%
30 Jun
12
(2.13%)
1.09%
0.25%
14.51%
24.45%
10.15%
8.92%
(34.48%)
Jun 07 - Feb 09
3.78%
-0.45%
25.65%
32.62%
11.35%
8.53%
(33.02%)
Oct 07 - Dec 08
13 Jul 12 0.58%
2.71%
-18.24%
18.78%
34.55%
53.43%
46.34%
(24.80%)
Apr 11 - Sep 11
9.01%
4.52%
19.42%
44.25%
12.44%
8.88%
(35.48%)
Jun 07 - Dec 08
24 Jul 12 1.08%
3.90%
0.05%
9.25%
63.71%
17.55%
9.94%
(8.74%)
Apr 11 - Sep 11
20 Jul 12 1.15%
5.44%
-11.03%
13.12%
19.12%
10.54%
8.08%
(24.47%)
May 07 - Jan 09
15 Jul 12 1.15%
(1.37%)
3.58%
58.35%
82.53%
26.44%
15.57%
(48.38%)
May 08 - Mar 09

Source - HSBC
14
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Distressed Security/USA
BEACH POINT TOTAL RETURN OFFSHORE FUND II,
LTD
Carl Goldsmith, Scott Klein,
30 Jun 96
BTG PACTUAL DISTRESSED MORTGAGE FUND

BTG Pactual Global Asset Management
28 Feb 10
HALCYON OFF. ASSET-BACKED VALUE FUND LTD

Joseph Wolnick ,Joseph Godley and Jim Coppola
30 Nov 05
REDWOOD OFFSHORE FUND

Jonathan Kolatch
31 Jul 00
Q
Q
Y
$ 507 M
Dec 11
525.90
$ 195 M
Jun 12
132.38
$2'125 M
Jun 12
2,328.64
$2'597 M
May 12
540.45
Date
MTD
YTD
2011
Ytd Avg. 2012

10.04%
19 Jul 12 0.74%
7.23%
-0.98%
2010
13%
2009
33.6%
Ann. Return
10.89%
Ann. Vol
Max
Drawdown1
8.50%
(24.04%)
Oct 07 - Dec 08
30 Jun
12
1.25%
18.10%
-4.65%
17.56%
12.75%
9.45%
(13.21%)
Apr 11 - Dec 11
16 Jul 12 0.68%
5.62%
4.12%
25.33%
23.47%
13.60%
5.84%
(13.32%)
Aug 08 - Mar 09
30 Jun
12
1.00%
9.19%
-1.98%
23.48%
78.83%
15.20%
11.45%
(36.28%)
May 07 - Dec 08

Source - HSBC
15
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
MTD
YTD
2011
2010
2009
Ann. Return
Ann. Vol
Max
Drawdown1
Diversified
Ytd Avg. 2012
9.35%
Diversified/Global
DUET GLOBAL FUND PLUS
Jason McNab
31 Jul 10
$ 95 M
Mar 12
125.40
Ytd Avg. 2012

9.35%
13 Jul 12 3.50%
9.35%
8.05%
6.14%
12.28%
3.81%
(0.87%)
Jun 11 - Aug 11
Equity
Ytd Avg. 2012
4.92%
Equity/Europe
GLG EUROPEAN EQUITY ALTERNATIVE FUND UCITS
AR CL I
Pierre Lagrange, Simon Savage, Darren Hodges
30 Jun 11
$ 886 M
Jun 12
106.88
Ytd Avg. 2012

4.92%
31 Jul 12 (0.41%) 4.92%
1.87%
6.31%
5.70%
(3.22%)
Apr 12 - Jul 12
Equity-Commodity
Ytd Avg. 2012
(1.43%)
Equity-Commodity/Global
GEOSPHERE DIRECTIONAL FUND LTD
Arvind Sanger and Prashant Kothari
31 Dec 09
GEOSPHERE FUND, LTD

Arvind Sanger and Prashant Kothari
30 Jun 07
MARTIN CURRIE ARF - GLOBAL RESOURCES

Ruairidh Stewart / Duncan Goodwin
30 Sep 03

Cato Brahde, Andreas Vergottis, Bjorn Rise
31 Jul 02
VAN ECK HARD ASSETS 2X FUND LTD

Shawn Reynolds and Charles Cameron
31 Dec 04
Q
Q
M
M
M
$ 10 M
Jul 12
103.31
$ 148 M
Jun 12
123.63
$50 M
Apr 12
16.49
$1'152 M
Jun 12
2,785.66
$ 72 M
Apr 12
177.70
30 Jun
12
30 Jun
12
Ytd Avg. 2012

(1.43%)
2.30%
2.98%
-8.32%
9.42%
1.31%
10.52%
(12.15%)
Jul 11 - Dec 11
2.00%
2.32%
-2.21%
6.85%
10.33%
4.33%
7.66%
(15.83%)
Jun 08 - Oct 08
23 Jul 12 (0.02%)
(4.55%)
-11.36%
4.85%
3.96%
5.83%
10.14%
(23.08%)
Jun 08 - Jul 12
31 Jul 12 (1.77%) (11.36%)
5.24%
-0.5%
8.89%
10.78%
8.48%
(12.62%)
Nov 11 - Jul 12
20 Jul 12 2.10%
3.45%
-13.4%
10.2%
22.41%
7.90%
11.27%
(22.23%)
Jun 08 - Nov 08
Equity-Diversified
Ytd Avg. 2012
2.36%
Equity-Diversified/Asia
CC ASIA ABSOLUTE RETURN FUND
Richard Cardiff, Angus Coupland
30 Jun 05
CHILTON CHINA OPPORTUNITIES FUND LTD

Chilton Investments Co., Inc.
31 Dec 06
M
Q
$379 M
Jun 12
212.71
$ 221 M
Apr 12
164.64
30 Jun
12
Ytd Avg. 2012

(0.41%)
(5.08%) (6.04%)
9.08%
27 Jul 12 (0.14%)
21.14%
17.25%
11.38%
15.70%
(27.12%)
Dec 07 - Dec 08
(0.69%)
-23.21%
0.42%
37.85%
9.35%
18.19%
(26.15%)
Oct 10 - Jul 12

Source - HSBC
16
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Equity-Diversified/Asia
ELLERSTON ASIA PACIFIC FUND
Ashok Jacob
31 Aug 07
EVEREST CAPITAL ASIA

Everest Capital Limited
31 Dec 05
HT ASIAN CATALYST FUND LLC

Ms. Ophelia Tong
31 Dec 98
JOHO FUND, LTD-ARobert Karr
31 Oct 96
KIMA PAN ASIA OFFSHORE FUND - CLASS -AJustin Klintberg, Michael Gallagher , KIMA Capital
30 Jun 09
NEZU CYCLICALS FUND LTD

Fuyuki Fujiwara
31 Jul 05

Poh Min Lam & Nelson Chia
30 Sep 04
PINPOINT CHINA FUND CLASS A USD

Qiang Wang
31 May 05
REAL RETURN ASIAN FUND LTD (THE)

Ezra Sun
30 Sep 04

Terence Khoo / Terence Lim
31 Mar 89
SR GLOBAL FUND - B - ASIA (Real Perf)

Richard Chenevix-Trench
31 Dec 93

Scobie Ward
31 Jan 01
Q
Q
M
S
M
Q
M
M
M
M
M
M
$2'276 M
Apr 12
102.18
$ 220 M
Apr 12
184.34
$266 M
Jun 12
17.97
$2'179 M
Jun 12
1,367.23
$9'684 M
Jun 12
1,107.68
$334 M
Jun 12
183.60
$106 M
Jun 12
195.29
$496 M
Jun 12
633.52
$620 M
Jun 12
227.55
$120 M
Jun 07
993.66
$700 M
Mar 12
596.63
$204 M
Jun 12
325.95
Date
31 Dec 09
BNY MELLON ARX BRAZIL FUND SPC LONG SHORT

BNY Mellon Arx Internacional Ltd
31 Jan 07
M
M
31 Mar 07
ARMAJARO EMERGING MARKETS FUND CLASS -AMichel Danechi
31 Jul 09
Q
M
2011
2010
17.59%
2009
5.09%
Ann. Return
0.44%
Ann. Vol
8.78%
Max
Drawdown1
(17.60%)
Oct 07 - Feb 09
30 Jun
12
(3.20%)
30 Jun
12
(0.17%)
(3.80%)
-12.54%
6.72%
72.88%
9.86%
20.63%
(43.59%)
Oct 07 - Feb 09
3.57%
-10.29%
4.43%
19.1%
10.86%
11.94%
(23.93%)
Mar 00 - Mar 01
27 Jul 12 (2.32%)
3.40%
0.38%
17.9%
19.72%
19.75%
16.37%
(19.38%)
Nov 07 - Nov 08
13 Jul 12 (1.48%)
(6.85%)
-5.39%
11.77%
12.45%
3.42%
6.96%
(12.65%)
May 11 - Jul 12
27 Jul 12 (0.26%)
(6.03%)
-5.09%
7.53%
25.65%
9.08%
13.43%
(25.06%)
Oct 07 - Feb 09
30 Jun
12
(0.74%)
4.60%
-6.07%
-2.68%
15.2%
9.02%
9.41%
(10.69%)
Oct 07 - Jan 09
13 Jul 12 2.08%
0.80%
0.6%
5.87%
62.34%
29.58%
22.29%
(42.16%)
Oct 07 - Nov 08
31 Jul 12 1.97%
(0.70%)
-9.19%
5.75%
39.27%
11.06%
10.54%
(15.09%)
Apr 11 - May 12
30 Jun
12
(2.43%)
(9.14%)
-6.66%
-10.14%
20.2%
10.37%
15.80%
(35.36%)
Mar 00 - Mar 03
31 Jul 12 (0.80%)
(3.17%)
-21.86%
5.38%
32.72%
14.10%
18.92%
(36.50%)
Feb 98 - Nov 98
31 Jul 12 2.86%
15.83%
-7.21%
-1.28%
29.29%
10.82%
13.74%
(37.65%)
Oct 07 - Nov 08
$121 M
Jul 12
106.21
$ 60 M
Apr 12
1,617.38
Equity-Diversified/Emerging
ADELPHI EMERGING EUROPE. FUND USD SHARES
Lars Dollmann
YTD
Ytd Avg. 2012

(0.41%)
13 Jul 12 0.00%
2.55%
-9.3%
Equity-Diversified/Brazil
Jorge Paulo Lemann, Marcel Telles, Carlos Sicupira
MTD
$222 M
Apr 12
129.19
$ 49 M
Apr 12
116.02
30 Jun
12
30 Jun
12
Ytd Avg. 2012

(0.27%)
0.50% (8.80%)
1.36%
14.89%
2.44%
8.59%
(11.44%)
Jan 12 - May 12
0.95%
8.26%
3.58%
11.7%
31.7%
9.28%
9.79%
(23.95%)
Jun 08 - Oct 08
Ytd Avg. 2012

1.79%
31 Jul 12 2.65% (3.85%)
-15.92%
17.01%
50.34%
4.91%
14.19%
(28.62%)
May 08 - Jan 09
30 Jun
12
3.43%
9.26%
-22.31%
18.17%
15.65%
5.22%
15.70%
(28.30%)
Apr 11 - Dec 11

Source - HSBC
17
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
EVEREST CAPITAL FRONTIER MARKETS
Everest Capital Limited
31 Jul 08
FIREBIRD NEW RUSSIA FUND, LTD - CLASS A

Harvey Sawikin & Ian Hague
30 Jun 96
FIREBIRD REPUBLICS FUND, LTD

Harvey Sawikin & Ian Hague
30 Apr 97
GROWTH MANAGEMENT LTD

Stephan Pinter
31 May 98
HSBC GIF GEM EQUITY ABSOLUTE RETURN INSTIT.

SHS
Nick Timberlake & Omar Negyal
31 Mar 10

Sanjiv Duggal, Nilang Mehta , Viresh Mehta
31 Mar 07
KALTCHUGA FUND - RUSSIA EQ. SUB-FUND -$J-L. Tauvy
15 Nov 00
LIONTRUST EMERGING MARKETS ABS RETURN

FUND CLASS B
Eoghan Flanagan & James Mellersh
31 Mar 09
MOORE EMERGING EQUITY L/S FUND LTD -AGreg Coffey
31 Mar 09
OCCO EASTERN EUROPEAN FUND

Pawel Szulc & Andrew Wiles
31 Dec 01

Pollux Capital
31 Oct 07
SR GLOBAL FUND G - EMERGING MKTS (Real Perf)

Richard Chenevix-Trench
29 Feb 96
SR PHOENICIA INC CLASS -A- SERIES 1

George Robinson
31 Jul 01
Q
Q
Q
M
D
M
BM
D
M
Y/Q
M
M
M
$ 180 M
Apr 12
114.38
$160 M
May 12
2,232.22
$169 M
May 12
885.35
$175 M
Jun 12
374.20
$23 M
May 12
9.67
$ 88 M
Jun 12
127.92
$73 M
Oct 11
7,088.11
$38 M
Jan 12
9.48
$820 M
Dec 11
1,239.72
$466 M
Apr 12
340.98
$ 179 M
May 12
142.50
$1'600 M
Mar 12
1,075.76
$140 M
Jun 12
369.10
30 Sep 97
ANTARES EUROPEAN FUNDS, LTD - USD

Luca Orsini
08 Dec 98
CAPEVIEW AZRI FUND

Michael Sakkas and Sushil Shah
31 Oct 07
Q
M
M
YTD
2011
Ytd Avg. 2012

1.79%
(7.00%) 2.59%
-18.38%
2010
30.64%
2009
Ann. Return
29.55%
3.49%
Ann. Vol
Max
Drawdown1
15.87%
(25.56%)
Jul 08 - Feb 09
20 Jul 12 3.67%
5.03%
-14.62%
40.35%
117.49%
21.33%
40.99%
(81.79%)
Mar 98 - Sep 98
20 Jul 12 0.83%
8.02%
-19.42%
29.51%
85.26%
15.39%
31.60%
(73.20%)
Sep 97 - Jan 99
30 Jun
12
(0.26%)
01 Aug
12
0.60%
1.42%
-6.15%
1.08%
-8.34%
9.82%
7.01%
(28.17%)
Jun 08 - Dec 11
(3.19%)
-3.86%
3.86%
(1.44%)
9.62%
(10.64%)
Jan 12 - Jul 12
27 Jul 12 0.29%
16.31%
-19.9%
15.44%
31.48%
4.73%
16.47%
(34.72%)
Dec 07 - Nov 08
27 Jul 12 2.15%
0.46%
-20.88%
27.69%
199.43%
18.21%
35.68%
(81.80%)
Dec 07 - Jan 09
24 Jul 12 (0.52%)
4.29%
-22.97%
-5.14%
24.4%
(1.60%)
17.49%
(28.80%)
Mar 10 - Sep 11
19 Jul 12 (0.45%) (14.71%)
-6.98%
32.18%
18.22%
6.72%
13.79%
(22.79%)
Apr 11 - Jul 12
20 Jul 12 (0.25%)
3.58%
5.42%
11.17%
49.78%
12.32%
7.89%
(20.86%)
Jun 08 - Oct 08
27 Jul 12 (1.23%)
4.24%
0.39%
-2.62%
31.2%
7.75%
8.65%
(9.59%)
May 08 - Oct 08
31 Jul 12 (0.20%)
(6.06%)
-17.2%
2.67%
49.93%
19.44%
18.67%
(37.25%)
Oct 07 - Feb 09
31 Jul 12 2.15%
(0.49%)
-20.97%
-1.87%
30.85%
12.60%
19.18%
(56.02%)
Oct 07 - Feb 09
Equity-Diversified/Europe
Roderick Jack
30 Jun
12
MTD
$830 M
Apr 12
401.00
$ 500 M
Dec 11
432.12
$281 M
Jun 12
146.83
Ytd Avg. 2012

3.64%
31 Jul 12 2.53% 13.45%
-4.91%
9.15%
18.8%
9.81%
12.07%
(26.28%)
May 07 - Feb 09
27 Jul 12 (0.01%)
3.12%
-10.75%
28.25%
28.42%
11.32%
15.79%
(32.68%)
Jun 07 - Dec 08
30 Jun
12
0.54%
1.53%
1.29%
12.75%
8.68%
8.57%
3.76%
(1.94%)
Jan 11 - Jul 11

Source - HSBC
18
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
CAZENOVE EURO EQ ABS RETURN FUND LIMITED
CLASS B
Chris Rice, Steve Cordell
30 Nov 03
EGERTON EUROPEAN EQUITY EUR - CLASS B

John C. Armitage
31 Aug 94
GRADIENT EUROPE FUND (THE)

I. Farman & S. Pagel
30 Nov 01
HABROK LTD
Leif Christian Kvaal
31 Mar 04

Stephen Peak
31 May 01
HSBC ALPHA FUND LTD - HSBC EUROPEAN

LEVERED ALPHA FUND EUR
Jakob Nordestedt, Michael OMara
30 Nov 07
HSBC EUROPEAN ALPHA FUND -EUR

Jakob Nordestedt, & Michael O'Mara
31 Dec 02
JPMORGAN PORT. STRAT. FUNDS-EUROPE

DYNAMIC L/S FUND-A10-03
Jonathan Ingram, John Baker, Anis Lahlou-Abid, J.P.
Morgan Asset Management
30 Sep 03
LANSDOWNE EURO EQTY FD, LTD - A (EUR)

P. Ruddock & S. Heinz
31 Aug 98
MARSHALL WACE - MW CORE A USD

Ernesto Fragomeni
31 Oct 06
MARSHALL WACE - MW EUROPEAN TOPS A EUR

Anthony Clake
31 Dec 04
MARTIN CURRIE EUROPEAN HEDGE FUND CLASS

-BMichael Browne & Steve Frost
31 Dec 00
MBAM ACTIVE LONG SHORT

Hilton Nathanson
31 Jul 10
NORDIC ALPHA CLASS B - NOK

Thomas Raaschou, Christian T. Nygaard
31 Aug 03
ODEY EUROPEAN, INC (EUR)

Crispin Odey
31 May 92
PELHAM LONG/SHORT FUND LTD CLASS A EUR

Ross Turner
31 Oct 07
M
Q
Q
M
M
M
M
M
M
M
M
M
M
W
M
68 M
Mar 12
1,496.82
745M
May 12
58.02
15 M
Dec 09
90.87
$670 M
Jun 12
223.58
$61 M
Jun 12
368.64
$463 M
Feb 12
146.84
$575 M
Feb 12
166.95
$560 M
Jun 12
369.34
$585 M
May 12
174.36
$1'005 M
Apr 12
126.13
$587 M
Apr 12
163.70
$90 M
Apr 12
238.84
$523 M
Jun 12
108.19
NOK725M
May 12
168.31
$1'377 M
Apr 12
627.04
1'112 M
May 12
123.26
30 Jun
12
MTD
YTD
2011
Ytd Avg. 2012

3.64%
1.98%
5.26%
-0.65%
2010
-12.06%
2009
Ann. Return
-0.59%
4.81%
Ann. Vol
Max
Drawdown1
5.70%
(17.67%)
Oct 08 - Aug 11
27 Jul 12 1.91%
10.17%
-4.94%
13.47%
15.08%
14.52%
10.12%
(28.26%)
Oct 07 - Jan 09
30 Jun
12
(2.72%)
30 Jun
12
(0.31%)
(1.37%)
-18.26%
18.48%
21.05%
(0.90%)
28.42%
(82.25%)
Jun 07 - Jan 09
(0.36%)
-14.12%
10.65%
67.07%
10.24%
15.81%
(38.24%)
May 08 - Jan 09
27 Jul 12 0.71%
4.79%
-42.01%
41.65%
110.93%
12.40%
21.28%
(47.67%)
Feb 08 - Nov 08
27 Jul 12 0.42%
(5.28%)
5.58%
22.25%
11.88%
8.59%
6.05%
(6.82%)
Feb 12 - Jun 12
27 Jul 12 0.10%
(2.67%)
1.39%
7.63%
3.79%
5.50%
2.62%
(3.12%)
Feb 12 - Jun 12
20 Jul 12 1.62%
(3.81%)
10.2%
28.88%
-1.92%
15.98%
8.83%
(16.39%)
Jun 08 - Nov 09
27 Jul 12 6.85%
3.10%
-12.68%
5.4%
18.94%
9.22%
11.96%
(21.60%)
May 08 - Feb 09
31 Jul 12 1.72%
3.84%
5.65%
2.79%
26.11%
4.12%
9.87%
(26.47%)
Jun 07 - Sep 08
31 Jul 12 1.32%
3.92%
4.29%
-0.13%
21.85%
6.71%
8.29%
(21.75%)
Oct 07 - Feb 09
27 Jul 12 1.77%
7.76%
-8.53%
3.31%
14.24%
6.40%
7.53%
(11.03%)
Jun 08 - Feb 09
31 Jul 12 (0.26%)
(0.43%)
0.08%
8.56%
4.00%
3.92%
(2.18%)
May 12 - Jul 12
30 Jun
12
(0.22%)
5.38%
-14.91%
13.7%
50.93%
6.08%
11.88%
(32.36%)
Dec 07 - Feb 09
13 Jul 12 (0.04%)
13.20%
-20.56%
-0.06%
33.67%
13.26%
16.24%
(50.64%)
Jan 94 - Jul 95
30 Jun
12
(3.11%)
2.07%
-10.68%
13.54%
26.69%
4.58%
11.37%
(12.25%)
May 08 - Dec 08

Source - HSBC
19
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
PENSATO EUROPA FUND LTD EURO CLASS
Graham Clapp & Edward Rumble
31 May 08
POLAR CAPITAL EUROP CONVICTION FUND LIMITED

Robert Gurner
31 Mar 06

Rudolf Bohli
30 Apr 05
RWC SAMSARA FUND CLASS A EURO

Ajay Gambhir
17 Sep 07
SIERRA EUROPE OFFSHORE, LTD - USD/A

Charles Michaels
28 Feb 97
THEOREMA EUROPE FUND PLUS LTD B/1 USD

G. Govi
31 Aug 04
TT MID-CAP EUROPE LONG/SHORT FUND LTD - CL B

David Grimbley
30 Apr 05
ZADIG FUND CLASS A1

Laurent Saglio
30 Nov 05
M
M
M
M
M
M
M
M
154 M
Jun 12
128.33
93 M
Jun 12
151.21
$ 65 M
Feb 12
1,985.30
$ 252 M
Jun 12
115.61
$231 M
Jun 12
494.02
$51 M
Mar 12
224.56
$612 M
May 12
228.79
383 M
Mar 12
186.40
31 Dec 09
EGERTON EUROPEAN DOLLAR CLASS -AJohn C. Armitage
30 Nov 94
ELLERSTON GEMS - CLASS A

Ashok Jacob
30 Apr 06
EXANE TEMPLIERS FUND

Jean-Francois Roussel, Stphane Arrouays, Henri-Daniel
Samama, Exane Asset Management
28 Feb 06
GLENROCK GLOBAL PARTNERS (BVI) INC

Michael Katz
31 May 94

Russell Clark
31 Jan 01
LANSDOWNE DEVELOPED MARKET FUND, LTD ()

P. Ruddock & S. Heinz
31 Jul 01
M. KINGDON OFFSHORE NV - A/1

Mark Kingdon
28 Feb 86
MARSHALL WACE - MW EUREKA A1 EUR

Paul Marshall
07 Jan 98
Q
M
Q
w
M
M
M
Q
M
YTD
2011
Ytd Avg. 2012

3.64%
2.47%
9.59%
-0.28%
2010
1.99%
2009
Ann. Return
17.85%
6.29%
Ann. Vol
Max
Drawdown1
5.98%
(5.40%)
Jun 08 - Sep 08
27 Jul 12 3.47%
4.07%
6.45%
-0.18%
8.88%
6.75%
9.16%
(5.84%)
May 11 - Aug 11
27 Jul 12 2.17%
14.78%
-11.71%
24.3%
63.47%
9.93%
20.32%
(55.01%)
Jun 07 - Nov 08
30 Jun
12
2.16%
(0.61%)
-0.85%
11.28%
8.18%
3.08%
8.66%
(11.60%)
Jun 11 - May 12
27 Jul 12 1.10%
10.97%
4.88%
-3.08%
15.38%
10.92%
9.17%
(16.98%)
Mar 00 - Jan 03
27 Jul 12 0.07%
(3.85%)
-0.29%
2.48%
9.48%
10.77%
12.64%
(14.43%)
Sep 11 - Jun 12
31 Jul 12 (1.43%)
1.05%
-1.72%
11.5%
10.66%
12.08%
9.35%
(7.41%)
Apr 06 - Sep 06
31 Jul 12 (1.14%)
(1.38%)
3.56%
1.78%
48.36%
9.78%
12.00%
(19.14%)
Aug 08 - Oct 08
Equity-Diversified/Global
BEACONLIGHT OFFSHORE FUND LTD
Ed Bosek
30 Jun
12
MTD
$ 118 M
May 12
107.55
$1'393 M
May 12
118.10
$2'276 M
Apr 12
97.96
446 M
Jun 12
16,966.80
$ 331 M
Dec 11
2,388.18
$71 M
Jun 12
449.08
$5'629 M
May 12
406.76
$1'477 M
May 12
116.15
$2'366 M
Apr 12
304.89
Ytd Avg. 2012

4.49%
31 Jul 12 (1.49%) 4.29%
-5.78%
9.44%
2.85%
10.31%
(15.02%)
Mar 11 - Sep 11
27 Jul 12 1.95%
10.96%
-4.93%
15.57%
16.05%
15.00%
10.31%
(29.18%)
Oct 07 - Jan 09
13 Jul 12 0.13%
(0.49%)
-9.74%
20.18%
-3.54%
(0.33%)
9.97%
(34.38%)
Jul 07 - Feb 10
31 Jul 12 0.18%
(1.30%)
0.49%
2.31%
10.11%
6.09%
3.26%
(2.89%)
Apr 11 - May 12
30 Jun
12
2.10%
31 Jul 12 0.85%
(2.85%)
-7.43%
2.88%
3.19%
4.93%
14.39%
(38.76%)
Jul 96 - Jan 99
18.41%
-2.98%
5.44%
-24.73%
13.95%
16.87%
(33.75%)
Feb 09 - Jun 10
27 Jul 12 (1.32%)
5.62%
-20.07%
8.78%
25.63%
13.61%
11.08%
(20.07%)
Dec 10 - Dec 11
31 Jul 12 (0.62%)
5.46%
-18.03%
8.5%
30.75%
14.83%
12.99%
(30.15%)
Sep 87 - Oct 87
31 Jul 12 2.08%
1.50%
9.74%
7.91%
31.91%
13.04%
9.50%
(23.24%)
Oct 07 - Oct 08

Source - HSBC
20
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Equity-Diversified/Global
MARSHALL WACE - MW GLOBAL OPPORTUNITIES A
USD
Fehim Sever
28 Feb 09

Lee Ainslie III
28 Feb 95
MS ASCEND UCITS FUND CLASS I EUR

Malcolm Fairbairn
30 Apr 11

Martin Taylor and Nick Barnes
30 Sep 00
PLATINUM FUND LTD

Kerr Neilson
31 May 94

Hugh Sloane
31 Dec 93
STANDARD PACIFIC CAPITAL -BDoug Dillard and Raj Venkatesan
30 Sep 95
M
W
M
M
M
Q
$724 M
Apr 12
197.79
$2'900 M
Jun 12
1,200.45
$137 M
Jun 12
942.69
$573 M
Mar 12
1,126.75
$527 M
Jun 12
65.54
$650 M
Mar 12
382.31
$1'166 M
May 12
429.78
31 Oct 00
ARCUS JAPAN FUND -JPYRobert Macrae
31 Mar 99

Michael Hill
30 Jun 00
HENDERSON JAPAN ABS RETURN FD, LTD

William Garnett and Jeremy Hall
30 Jun 00
MARATHON VERTEX JAPAN FD, LTD CLASS B

William Arah
31 May 03
MARTIN CURRIE ARF - JAPAN FUND

John-Paul Temperley
30 Jun 00
SR GLOBAL FUND H - JAPAN (Real Perf)

Hugh Sloane
30 Sep 03
M
D
M
M
Q
M
M
28 Feb 05
BLACKROCK UK EQUITY HEDGE FUND

Nigel Ridge & Imran Sattar
30 Apr 05
M
M
YTD
2011
Ytd Avg. 2012

4.49%
31 Jul 12 3.25%
7.27%
27.16%
2010
8.04%
2009
Ann. Return
34.21%
22.06%
Ann. Vol
Max
Drawdown1
10.84%
(4.94%)
27 Jul 12 4.40%
20.17%
-14.85%
11.38%
24.22%
12.65%
11.81%
(30.04%)
May 08 - Nov 08
24 Jul 12 (0.27%)
1.43%
-7.06%
(4.67%)
4.38%
(7.11%)
May 11 - Dec 11
30 Jun
12
(0.60%)
15.17%
0.62%
10.27%
32.1%
22.88%
14.61%
(22.14%)
Oct 07 - Feb 09
27 Jul 12 (0.44%)
3.60%
-13.51%
5.19%
37.86%
10.90%
12.52%
(30.48%)
Oct 07 - Feb 09
31 Jul 12 (2.80%) (14.12%)
-24.27%
-11.82%
3.28%
10.97%
21.59%
(50.05%)
Apr 08 - Jul 12
31 Jul 12 (1.80%)
(3.28%)
-5.24%
8.56%
12.67%
9.04%
8.25%
(14.04%)
Jul 11 - Jul 12
$366 M
Jun 12
192.48
$2'730 M
Feb 12
27,362.00
$34 M
Jan 12
155.68
$256 M
Jun 12
202.71
$583 M
Feb 12
1,898.93
$88 M
Apr 12
16.29
$15 M
Mar 12
87.44
Ytd Avg. 2012

(3.40%)
27 Jul 12 0.70% (2.09%)
0.13%
7.8%
0.77%
5.73%
4.32%
(4.75%)
May 11 - Jun 12
01 Aug (0.44%)
12
30 Jun
12
2.58%
14.32%
30.31%
7.83%
15.64%
(45.94%)
Feb 07 - Feb 09
(8.47%) (16.23%)
27 Jul 12 (4.27%)
-4.68%
-23.24%
4.68%
24.39%
2.73%
23.75%
(67.78%)
Dec 05 - Jun 12
(5.50%)
-8.58%
9.24%
9.87%
6.02%
10.13%
(18.31%)
Apr 06 - Mar 08
27 Jul 12 (2.19%)
(0.91%)
0.59%
-0.21%
-4.12%
7.25%
7.82%
(11.76%)
Jun 09 - Oct 10
23 Jul 12 (1.41%)
(4.25%)
-8.4%
6.63%
8.37%
4.12%
7.92%
(15.76%)
Apr 10 - May 12
31 Jul 12 (4.60%)
2.62%
-8.33%
-4.22%
-18.52%
(1.15%)
19.77%
(35.57%)
Mar 08 - Jul 10
Equity-Diversified/UK
ALPHAGEN OCTANIS CLASS A
Ben Wallace & Luke Newman
MTD
Nov 11 - Jan 12
Equity-Diversified/Japan
ALPHAGEN HOKUTO FUND LTD - CLASS A
John Stewart & Robert Tull
Date
$407 M
Jun 12
194.81
$ 460 M
Jun 12
178.78
Ytd Avg. 2012

0.01%
27 Jul 12 0.60% (0.45%)
-0.47%
3.63%
14.18%
9.41%
6.66%
(10.72%)
May 07 - Mar 08
31 Jul 12 0.30%
0.46%
2.48%
6.49%
14.06%
8.33%
6.27%
(11.70%)
Jun 08 - Oct 08

Source - HSBC
21
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Equity-Diversified/USA
AJR INTERNATIONAL (BVI), INC. - A/1
Alexander J. Roepers
31 Jan 93
ALLIANCE BERNSTEIN SELECT US EQUITY LONG

SHORT
Kurt Feuerman
30 Nov 99
ALYDAR FUND LTD

John Murphy
28 Feb 03
ALYSHEBA FUND LIMITED

John A. Murphy, Philip C. Furse
31 Mar 05
ASCEND PARTNERS FUND II LTD - A

Malcolm Fairbairn
31 Jan 04
BAY RESOURCES PARTNERS OFFSHORE FUND

Thomas Claugus
31 Jul 98
CASTLEROCK FUND LTD

Paul Tanico
31 Aug 96
COBALT OFFSHORE LTD

Wayne Cooperman
31 Dec 96
ELM RIDGE VALUE PARTNERS OFFSHORE, INC - A

Ronald Gutfleish
28 Feb 01
EMINENCE FUND LTD A

Ricky C. Sandler
31 Dec 98
HIGHBRIDGE LONG/SHORT EQUITY FUND, LTD

Alex McAree
30 Apr 04
IVORY CAPITAL FLAGSHIP STRATEGY

Curtis Macnguyen
30 Nov 98

James Alpha LLC
31 Dec 09

Peter B. Doyle
31 Jan 01
MADISON STREET FUND L.P.

Steven C. Owsley,Drew M. Hayworth,Charles D. Leone II
31 Jan 04
MARLIN FUND LP
Michael Masters
30 Jun 95
OMEGA OVERSEAS PARTNERS, LTD CLASS A

Leon Cooperman
31 Dec 91
RENAISSANCE INSTITUTIONAL EQUITIES LP (B)

James Simons
31 Jul 05
M
Y/Q
Q
Q
Q
M
Q
Q
Q
Q
Q
Q
M
M
M
M
M
M
$517 M
Dec 11
933.47
$99 M
Jun 12
3,749.72
$ 835 M
Feb 12
190.18
$ 480 M
Feb 12
2,473.73
$589 M
Apr 12
176.49
$2'040 M
Jun 12
7,358.10
$90 M
Sep 11
634.44
$1'270 M
May 12
695.55
$1'218M
Feb 12
224.10
$1'351 M
Apr 12
544.06
$535 M
Dec 11
1,758.58
$1'466 M
May 12
3,308.12
$ 132 M
Jun 12
152.15
$44 M
Dec 11
2,197.14
$183 M
Apr 12
226.32
$ 183 M
Jun 12
5,139.59
$901 M
Dec 11
729.39
$342 M
Apr 12
164.86
Date
MTD
YTD
Ytd Avg. 2012

3.67%
27 Jul 12 2.11% (3.36%)
2011
-6%
2010
23.19%
2009
30.24%
Ann. Return
12.14%
Ann. Vol
Max
Drawdown1
19.82%
(44.44%)
May 08 - Dec 08
31 Jul 12 0.50%
4.05%
0.81%
8.13%
10.17%
10.99%
7.46%
(9.98%)
May 08 - Feb 09
30 Jun
12
0.30%
(1.06%)
-0.68%
3.16%
6.32%
7.12%
4.74%
(6.49%)
Jun 11 - May 12
27 Jul 12 (2.50%)
2.66%
2.51%
5.24%
21.21%
13.15%
13.55%
(25.80%)
May 08 - Nov 08
31 Jul 12 (0.30%)
3.61%
-2.86%
2.94%
13.41%
6.91%
4.60%
(5.23%)
Apr 11 - Dec 11
30 Jun
12
(0.80%)
30 Jun
12
(1.59%)
(5.07%)
-9.13%
15.73%
59.98%
15.41%
16.86%
(38.76%)
May 08 - Feb 09
(5.24%)
-23.84%
11.81%
20.4%
12.37%
17.43%
(37.70%)
May 01 - Feb 03
31 Jul 12 (0.13%)
3.17%
-0.66%
5.96%
15.69%
13.25%
8.43%
(19.53%)
Apr 98 - Sep 98
30 Jun
12
1.10%
(8.67%)
0.19%
1.37%
28.22%
7.37%
10.14%
(19.92%)
Oct 07 - Feb 09
31 Jul 12 0.60%
15.38%
1.29%
-1.83%
16.26%
13.27%
9.96%
(19.99%)
Dec 07 - Dec 08
27 Jul 12 0.80%
1.63%
-12.64%
5.34%
21.79%
7.08%
10.20%
(21.12%)
Mar 11 - Sep 11
27 Jul 12 0.66%
2.12%
-3.73%
2.52%
16.72%
9.15%
6.19%
(12.61%)
May 08 - Nov 08
31 Jul 12 (1.12%)
1.61%
10.18%
35.9%
17.64%
10.45%
(6.22%)
Jun 11 - Sep 11
27 Jul 12 2.63%
13.03%
-14.83%
30.8%
59.18%
7.09%
23.26%
(76.20%)
Oct 07 - Feb 09
30 Jun
12
2.75%
30 Jun
12
0.38%
30 Jun
12
4.32%
3.71%
-3.04%
3.66%
10.53%
10.19%
6.48%
(9.59%)
Apr 11 - Sep 11
9.16%
-17.77%
41.63%
69.21%
26.06%
26.25%
(60.15%)
Oct 07 - Feb 09
31 Jul 12 1.79%
10.90%
-1.44%
19.16%
52.5%
10.17%
15.06%
(42.55%)
May 07 - Feb 09
9.52%
34.16%
15.32%
-6.17%
7.40%
10.24%
(35.73%)
May 07 - Apr 09

Source - HSBC
22
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Equity-Diversified/USA
RWC US ABSOLUTE ALPHA FUND - CLASS B
Mike Corcell
30 Sep 09
SAB OVERSEAS FUND LTD

Scott Bommer
31 Jul 00
SEMINOLE OFFSHORE FUND

Michael G. Messner, Paul C. Shiverick
31 May 98
ZWEIG-DIMENNA INTL LIMITED - CLASS A

Joseph DiMenna / Martin Zweig
31 May 87
D
3Q / Q
Q
Q
$108 M
Jun 12
101.96
$250 M
Jun 12
365.50
$944 M
Jun 12
580.30
$1'405 M
Feb 12
86,629.91
Date
MTD
YTD
2011
Ytd Avg. 2012

3.67%
30 Jul 12 (0.28%) 7.16%
-2.25%
2010
-4.56%
2009
2.01%
Ann. Return
0.69%
Ann. Vol
Max
Drawdown1
5.20%
(9.19%)
Apr 10 - Dec 11
31 Jul 12 6.80%
12.69%
-0.71%
6.69%
34.3%
11.40%
11.56%
(17.57%)
Mar 10 - Aug 10
27 Jul 12 0.40%
2.80%
-0.7%
9.85%
15.92%
13.21%
13.15%
(15.62%)
May 02 - Mar 03
30 Jun
12
(3.42%)
0.97%
-2.37%
0.43%
-3.35%
15.06%
15.44%
(50.23%)
Feb 00 - Dec 02
Equity-Energy
Ytd Avg. 2012
(7.37%)
Equity-Energy/USA
DORSET ENERGY FUND, LTD - CLASS A
David M. Knott, Donald Textor
31 Oct 00
$247 M
May 12
42.43
Ytd Avg. 2012

(7.37%)
27 Jul 12 9.70% (7.37%)
-1.27%
16.12%
56.91%
13.10%
22.09%
(49.55%)
Jun 08 - Dec 08
Equity-Financial
Ytd Avg. 2012
0.54%
Equity-Financial/Global
LANSDOWNE GLOBAL FINANCIALS FUND LTD.
-N-USD
Williamde Winton
30 Jun 04
MARSHALL WACE - MW GLOBAL FINANCIALS M/N A

USD
Amit Rajpal
31 Oct 08
TOSCA CLASS A - USD

Johnny de la Hey
30 Sep 00
$992 M
May 12
230.25
$384 M
Apr 12
117.07
$435M
Jun 12
183.79
Ytd Avg. 2012

0.54%
27 Jul 12 (0.63%) 1.78%
-20.82%
-1.55%
38.09%
10.87%
14.23%
(26.25%)
Apr 10 - May 12
31 Jul 12 (0.26%)
(5.07%)
3.21%
7.64%
8.7%
4.29%
5.39%
(5.25%)
Nov 11 - Jul 12
30 Jun
12
0.39%
4.91%
1.14%
10.31%
43.67%
5.31%
18.15%
(67.54%)
Dec 07 - Nov 08
Equity-Healthcare
Ytd Avg. 2012
3.43%
Equity-Healthcare/Global
CCI HEALTHCARE PARTNERS LTD
Oliver Marti, CCI Healthcare Partners
31 Dec 00
MLIS - CCI HEALTHCARE LONG SHORT UCITS FUND - 31 Jan 10

B (acc) USD
Oliver Marti, CCI Healthcare Partners
M
W
$ 650 M
May 12
258.67
$281 M
Apr 12
107.29
30 Jun
12
Ytd Avg. 2012

3.43%
0.81%
4.76%
3.99%
31 Jul 12 (1.54%)
3.71%
19.35%
8.61%
8.21%
(17.89%)
Oct 07 - Sep 08
2.95%
2.72%
1.46%
2.86%
7.79%
(8.67%)
Mar 10 - Aug 10

Source - HSBC
23
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Equity-Healthcare/Global
VISIUM INSTITUTIONAL PARTNERS FUND LTD
-(PROFORMA)
Jacob Gottlieb, Visium Asset Management
31 Oct 05
$198 M
Mar 12
185.55
Date
MTD
YTD
2011
Ytd Avg. 2012

3.43%
27 Jul 12 0.51%
2.58%
1.28%
2010
7.02%
2009
Ann. Return
25.96%
9.60%
Ann. Vol
Max
Drawdown1
7.53%
(6.10%)
Jun 08 - Dec 08
Equity-Mid-Small Cap
Ytd Avg. 2012
4.42%
Equity-Mid-Small Cap/Europe
ENNISMORE EUROPEAN SMALLER COMPANIES
Geoff Oldfield
30 Nov 99
POLAR CAPITAL EUROPEAN FORAGER FUND LTD AX

Rob Gurner
31 Jul 03
M
M
288 M
May 12
300.04
395 M
Jun 12
265.84
31 Jul 03
$150 M
Feb 12
30 Apr 02
$470 M
Jun 12
819.44
30 Sep 96
GRT TOPAZ OFFSHORE PARTNERS, LTD - A/1

Gregory B Fraser & Rudolph K Kluiber & Timothy A.
Krochuk
31 Aug 01

Richard Mashaal
31 Mar 97
ZAXIS OFFSHORE LTD - CLASS A/1

Sanford J. Colen
30 Jun 00
Q
Q
Q
M
12.05%
11.24%
(34.24%)
27 Jul 12 1.01%
7.68%
2.39%
10.46%
24.9%
11.48%
7.79%
(21.47%)
Ytd Avg. 2012

(1.31%)
19 Jul 12 (10.94%) (1.31%)
-17.75%
-7.59%
4.97%
9.77%
35.67%
(78.99%)
Jul 07 - Sep 11
395.16
Ytd Avg. 2012

1.62%
27 Jul 12 2.81%
1.62%
1.02%
12.33%
47.49%
14.35%
8.81%
(11.36%)
Jun 08 - Dec 08
Equity-Mid-Small Cap/USA
GREENLIGHT CAPITAL OFFSHORE, LTD - A/1
David Einhorn
6.13%
Oct 07 - Feb 09
Equity-Mid-Small Cap/UK
ALPHAGEN VOLANTIS FUND, LTD - A (USD)
Rob Giles & Adam McConkey
23.12%
Jul 07 - Apr 09
Equity-Mid-Small Cap/Global
Philip Richards
Ytd Avg. 2012

6.11%
19 Jul 12 1.40%
4.55%
11.36%
$7'150 M
Jan 12
131,809.12
$29 M
Feb 12
2,084.83
$235 M
Jun 12
1,074.33
$472M
Jun 12
2,113.82
Ytd Avg. 2012

5.70%
31 Jul 12 2.70%
6.02%
1.86%
12.47%
30.61%
17.68%
11.12%
(27.17%)
May 08 - Oct 08
31 Jul 12 0.70%
5.43%
-1.64%
14.64%
35.61%
6.96%
13.57%
(47.07%)
May 07 - Feb 09
30 Jun
12
4.50%
30 Jun
12
0.92%
12.28%
-33.96%
39.59%
229.09%
16.83%
39.38%
(70.55%)
Feb 00 - Sep 02
(0.95%)
-11.02%
13.45%
23.44%
6.43%
8.49%
(20.58%)
Jun 08 - Feb 09
Equity-Pharma-Biotech
Ytd Avg. 2012
6.81%
Equity-Pharma-Biotech/USA
PERCEPTIVE LIFE SCIENCES OFFSH FUND, LTD
Joseph Edelman
31 Dec 99
$454 M
Mar 12
1,192.74
Ytd Avg. 2012

6.81%
27 Jul 12 3.78%
4.52%
5.82%
16.94%
24.14%
21.78%
26.67%
(25.67%)
Feb 00 - May 00

Source - HSBC
24
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
Equity-Pharma-Biotech/USA
TRAXIS SIVIK GLOBAL HEALTHCARE OFFSHORE A/01-01
Krishen Sud
30 Jun 01
VISIUM BALANCE OFFSHORE FUND CL 2

Jacob Gottlieb
31 Oct 05
Y/Q
$93 M
Jan 12
1,632.74
$2'402 M
Jun 12
200.30
30 Jun
12
MTD
YTD
2011
Ytd Avg. 2012

6.81%
4.18% 10.05%
-8.27%
2010
2.58%
2009
32.9%
Ann. Return
4.55%
Ann. Vol
Max
Drawdown1
11.67%
(32.70%)
Oct 07 - Feb 09
27 Jul 12 (0.01%)
5.86%
1.89%
24.51%
22%
10.85%
9.44%
(15.79%)
Aug 08 - Dec 08
Equity-Technology
Ytd Avg. 2012
0.72%
Equity-Technology/Global
EXANE ARCHIMEDES FUND CLASS A CAP
Gilles Lenoir and Csar Zeitouni
30 Sep 06
SPINNER GLOBAL TECHNOLOGY FUND, LTD

Art Spinner
21 Sep 93
W
M
926M
Jun 12
14,896.39
$134 M
Jun 12
96.07
31 Dec 06
$1'600 M
Jun 12
6.82%
10.24%
7.07%
4.81%
(5.10%)
Nov 11 - May 12
Equity-Technology/USA
SELIGMAN TECH SPECTRUM FUND CLASS
-A1-S/2-2002
J. & W. Seligman & Co. Incorporated
Ytd Avg. 2012

(0.76%)
31 Jul 12 (0.95%) (1.80%)
3.99%
311.56
30 Jun
12
(0.76%)
0.27%
-12.91%
Ytd Avg. 2012

3.69%
31 Jul 12 (1.91%) 3.69%
-0.21%
13.06%
32.59%
12.80%
16.82%
(34.02%)
Aug 00 - Sep 02
8.34%
35.9%
8.25%
13.02%
(19.91%)
May 08 - Nov 08

Source - HSBC
25
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
MTD
YTD
2011
2010
2009
Ann. Return
Ann. Vol
Max
Drawdown1
Diversified
Ytd Avg. 2012
5.20%
Diversified/Global
SOMERSET SPECIAL OPPORTUNITIES FUND LP
Robert Feingold
31 Jul 07
$ 204 M
Jun 12
158.95
30 Jun
12
Ytd Avg. 2012

5.20%
2.32%
5.20%
-1.25%
18.7%
52.8%
9.87%
12.54%
(25.61%)
Aug 08 - Mar 09
Multi-Strategy
Ytd Avg. 2012
2.51%
Multi-Strategy/Emerging
MONEDA ABSOLUTE RETURN LTD
Juan Luis Rivera
31 Jan 07
$ 148 M
Feb 12
126.41
31 Mar 11
133 M
Feb 12
96.15
31 Oct 95
OWL CREEK OVERSEAS FUND, LTD

Jeffrey Altman
31 Jan 02
PAULSON ADVANTAGE LTD -AJohn Paulson
31 Mar 04

John Paulson
31 Dec 04

John Paulson
31 Oct 08
PERRY PARTNERS INTERNATIONAL INC CLASS -1 TN A

Richard Perry
30 Sep 93
PERSHING SQUARE INTL.LTD

William Ackman
31 Dec 04
REVELATION SPECIAL SITUATIONS FUND LTD

Chris Kuchanny
28 Feb 05

Daniel Loeb
30 Nov 96
Q
Y
Q
Q
Y
Q / 2Y
Y/Q
M
M
53.32%
4.35%
13.41%
(29.89%)
Ytd Avg. 2012

5.42%
26 Jul 12 0.83%
5.42%
-8.79%
(2.92%)
7.61%
(10.96%)
Apr 11 - Nov 11
Multi-Strategy/Global
DAVIDSON KEMPNER INTL, LTD - CLASS C Tranche 1
Thomas L. Kempner, Jr.
12.83%
Jun 08 - Dec 08
Multi-Strategy/Europe
MLIS OZ EUROPE UCITS FUND CLASS B EUR
Michael Cohen, Och-Ziff Capital Management Group
Ytd Avg. 2012

3.21%
31 Jul 12 0.00%
3.21%
-16.41%
$6'714 M
May 12
405.07
$4'730 M
Jan 12
3,069.50
$1'614 M
Jun 12
226.87
$2'488 M
Jun 12
231.81
$ 583 M
Jun 12
116.97
$4'764 M
Mar 12
796.18
$5'950 M
May 12
3,076.04
$319 M
Apr 12
1,834.43
$4'626M
Jul 12
11,750.98
Ytd Avg. 2012

1.46%
27 Jul 12 0.49%
3.73%
1.38%
10.02%
21.22%
8.71%
3.88%
(10.87%)
Oct 07 - Nov 08
27 Jul 12 (0.40%)
0.56%
-15.44%
2.36%
21.89%
11.28%
13.47%
(20.92%)
Mar 10 - Sep 11
30 Jun
12
(5.67%) (11.58%)
30 Jun
12
(8.19%) (17.67%)
30 Jun
12
(1.10%)
-35.96%
10.95%
13.6%
10.43%
15.58%
(44.42%)
Feb 11 - Jun 12
-52.64%
17.13%
21.39%
11.86%
24.00%
(62.09%)
Feb 11 - Jun 12
4.64%
-27.92%
23.78%
25.34%
4.36%
22.34%
(35.13%)
Apr 11 - Sep 11
20 Jul 12 0.54%
8.69%
-7.14%
15.12%
29.67%
11.66%
7.33%
(25.65%)
Oct 07 - Nov 08
13 Jul 12 (0.40%)
1.55%
-2.03%
21.68%
41.21%
16.08%
14.71%
(20.35%)
Jan 08 - Feb 09
30 Jun
12
0.90%
31 Jul 12 1.60%
0.29%
-6.61%
11.95%
17.86%
8.62%
5.82%
(11.71%)
May 11 - Apr 12
5.62%
-0.1%
33.75%
37.79%
17.02%
13.29%
(35.48%)
Jun 08 - Mar 09

Source - HSBC
26
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
THIRD POINT ULTRA
Daniel Loeb
30 Apr 97
TYRUS CAPITAL EVENT FUND LTD

Tony Chedraoui
31 Oct 09
TYRUS CAPITAL OPPORTUNITIES FUND LTD

Tony Chedraoui
31 Mar 11
YORK INVESTMENT LTD -CLASS A-U/1

James Dinan
28 Feb 94
Q
Q
Q
Q
$1'212M
Jul 12
3,321.30
$1'464M
May 12
122.72
$713 M
Jun 12
101.15
$2'564 M
May 12
6,694.00
Date
30 Sep 10
$350 M
Jun 12
YTD
2011
Ytd Avg. 2012

1.46%
31 Jul 12 2.40%
8.76%
-2.29%
2010
37.91%
2009
42.93%
Ann. Return
25.80%
Ann. Vol
22.66%
Max
Drawdown1
(41.80%)
Jun 08 - Mar 09
27 Jul 12 1.49%
5.42%
-0.22%
11%
5.1%
7.76%
5.61%
(7.95%)
Feb 11 - Sep 11
27 Jul 12 0.86%
6.03%
-4.6%
0.87%
4.78%
(6.43%)
Mar 11 - Sep 11
27 Jul 12 0.04%
2.97%
-7.34%
7.39%
45.16%
10.87%
9.13%
(29.86%)
Oct 07 - Feb 09
Multi-Strategy/USA
MARCATO INTERNATIONAL LTD
Richard McGuire, Marcato Capital Management LLC
MTD
115.07
30 Jun
12
Ytd Avg. 2012

12.52%
1.80% 12.52%
-4.16%
6.71%
8.35%
15.06%
(17.63%)
Mar 11 - Sep 11

Source - HSBC
27
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
MTD
YTD
2011
2010
2009
Ann. Return
Ann. Vol
Max
Drawdown1
Fixed Income
Ytd Avg. 2012
6.30%
Fixed Income/Emerging
MARATHON OVERSEAS FUND, LTD - A
B. Richards & L. Hanover
31 Mar 98
$43 M
Feb 12
271.36
30 Sep 06

Stuart Spodek
30 Jun 96
M
M
CAPULA GLOBAL RELATIVE VALUE FUND LTD CLASS 30 Sep 05

-AYan Huo, Masao Asai
DRAKE GLOBAL OPPORTUNITIES FUND

Anthony Faillace
30 Nov 02
EMF FIXED INCOME FUND, LTD

Eric M. Flanagan/David C. Gottlieb
31 Oct 01
HSBC QUANT ALTERNATIVE FUND GL. BOND MK

NEUT.FUND 600 EURO Cl.I
Jean-Charles Bertrand
31 May 01
HSBC QUANT ALTERNATIVE FUND GL.BOND M/N 300

USD Cl.I
Jean-Charles Bertrand
30 Jun 01
III FUND LTD

Cliff G Viner
30 Jun 93
III RELATIVE VALUE CREDIT STRATEGIES FUND LTD

Garth Friesen
31 Oct 05
LONDON DIVERSIFIED FUND, LTD - D

Robert Standing & David Gorton
31 May 95
PIMCO ABSOLUTE RETURN STRATEGY IV

OFFSHORE FUND II , CL. A/1
William H. Gross, Qi Wang
31 Mar 02

Steve Kuhn
31 Jan 08
PINE RIVER LIQUID MORTGAGE FUND LTD

Jiayi Chen, Steve Kuhn
31 Aug 10
M
D
M
M
Q
Q
Q
M
14.92%
12.37%
7.21%
7.10%
(36.00%)
May 07 - Apr 09
Fixed Income/Global
BLACKROCK FIXED INCOME GLOBAL ALPHA FUND
Tim Webb
Ytd Avg. 2012

3.40%
27 Jul 12 (0.06%) 3.40%
7.19%
$1'000 M
May 12
185.07
$590 M
Apr 12
5,346.28
$7'247 M
Jul 12
205.69
$107 M
Apr 11
1,614.43
$337 M
May 12
38,942.86
0.6 M
May 12
119,803.97
$5 M
May 12
66,790.91
$138 M
May 12
3,299.28
$140 M
Mar 12
1,573.79
$231 M
Jan 12
4,446.60
$2'427M
Jun 12
2,219.75
$2'713M
Jul 12
462.66
$ 803 M
Jul 12
132.17
Ytd Avg. 2012

6.50%
30 Jul 12 1.97%
9.20%
19.93%
11.13%
27.56%
11.12%
5.88%
(10.54%)
Jun 08 - Dec 08
30 Jun
12
2.53%
20.34%
-13.5%
28.71%
56.98%
11.04%
9.62%
(20.93%)
Jan 08 - Feb 09
27 Jul 12 0.43%
(0.34%)
6.21%
9.57%
12.24%
11.14%
5.13%
(7.41%)
Feb 08 - Mar 08
30 Jun
12
1.05%
1.83%
3.22%
19.72%
2.34%
5.12%
14.52%
(57.51%)
Sep 07 - Mar 09
20 Jul 12 0.40%
(0.17%)
5.89%
8.71%
11.26%
13.51%
15.37%
(22.46%)
Feb 08 - Mar 08
31 Jul 12 1.24%
2.49%
-8.15%
0.3%
6.33%
3.71%
5.03%
(10.67%)
Jan 11 - Nov 11
31 Jul 12 0.72%
1.12%
-4.95%
-0.13%
2.64%
2.64%
2.59%
(6.39%)
Jan 11 - Nov 11
20 Jul 12 2.71%
7.02%
9.03%
18.53%
28.54%
6.46%
11.45%
(54.77%)
Jan 08 - Nov 08
20 Jul 12 0.13%
5.70%
10.36%
16.34%
30.93%
6.98%
9.12%
(31.27%)
Nov 07 - Dec 08
27 Jul 12 0.68%
1.74%
3.75%
7.55%
4.89%
9.08%
6.86%
(28.95%)
Jan 08 - Dec 08
30 Jun
12
0.29%
27 Jul 12 3.72%
6.84%
1.82%
11.39%
63.3%
8.08%
9.16%
(25.88%)
May 08 - Nov 08
18.27%
4.77%
31.84%
92.71%
40.65%
9.79%
(8.83%)
Jul 11 - Oct 11
27 Jul 12 2.50%
13.97%
7.21%
8.18%
15.75%
6.97%
(3.34%)
Mar 12 - May 12

Source - HSBC
28
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Fixed Income/Global
PROLOGUE FEEDER FUND, LTD. CLASS A
David Lofthouse, Graham Walsh
31 Jan 06
$1'695 M
Jun 12
1,827.85
Date
MTD
YTD
2011
Ytd Avg. 2012

6.50%
27 Jul 12 1.00%
3.02%
8.37%
2010
6.65%
2009
12.41%
Ann. Return
9.74%
Ann. Vol
3.72%
Max
Drawdown1
(1.59%)
Jul 07 - Aug 07
Multistrategy
Ytd Avg. 2012
3.23%
Multistrategy/Global
KLS DIVERSIFIED FUND LTD
Jeff Kronthal ; Harry Lengsfield ; John Steinhardt
31 Jul 08
$ 1.116
M
Jun 12
145.77
30 Jun
12
Ytd Avg. 2012

3.23%
0.56%
3.23%
4.85%
11.64%
20.34%
10.10%
3.16%
(1.97%)
Aug 08 - Oct 08

Source - HSBC
29
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
MTD
YTD
2011
2010
2009
Ann. Return
Ann. Vol
Max
Drawdown1
Arbitrage
Ytd Avg. 2012
3.11%
Arbitrage/Global
HSBC MAA FUND USD
HSBC Alternative Investments Limited
15 Jun 95
Q/M
$135 M
Jun 12
198.52
Ytd Avg. 2012

3.11%
20 Jul 12 1.04%
3.11%
-3.61%
2.91%
15%
4.09%
4.92%
(25.30%)
Jul 07 - Dec 08
Event Driven
Ytd Avg. 2012
4.64%
Event Driven/Global
HSBC CREDIT MARKET OPPORTUNITIES FUND USD
CLASS COMPOSITE
Hsbc Management (Guernsey) Ltd
31 May 09
HSBC SPECIAL OPPORTUNITIES FUND LTD

28 Feb 07
$64 M
Jun 12
101.18
$103 M
Jun 12
100.18
Ytd Avg. 2012

4.64%
20 Jul 12 0.29%
2.60%
-7.47%
17.52%
0.34%
3.66%
7.54%
(9.16%)
Feb 11 - Dec 11
20 Jul 12 (0.06%)
6.67%
-3.5%
0.85%
21.26%
0.03%
11.10%
(35.45%)
Jun 08 - Mar 09
Long/Short
Ytd Avg. 2012
(1.73%)
Long/Short/Asia
HSBC ASIAN ADVANTEDGE FUND
30 Jun 02
$31 M
Jun 12
162.97
Ytd Avg. 2012

(1.73%)
20 Jul 12 0.68% (1.73%)
-11.59%
2.66%
12.77%
4.97%
8.47%
(24.73%)
Dec 07 - Nov 08
Macro
Ytd Avg. 2012
(1.65%)
Macro/Global
MASTERS FUND LTD MAGNOLIA SERIES
Doyle Fund Management
31 Dec 96
$288 M
Jun 12
4,497.37
30 Jun
12
Ytd Avg. 2012

(1.65%)
(3.09%) (1.65%)
-0.36%
7.1%
8.56%
10.18%
8.97%
(9.96%)
Jul 98 - Oct 98
Multi-Strategy
Ytd Avg. 2012
1.61%
Multi-Strategy/Emerging
HSBC EMERGING ADVANTEDGE FUND
31 Mar 97
HSBC NEXT GENERATION FUND Share Class

HSBC Management (Guernsey) Ltd
30 Sep 11
M
M
$12 M
Jun 12
148.50
$110 M
Jun 12
98.40
Ytd Avg. 2012

0.73%
20 Jul 12 0.52%
1.51%
-13.97%
1.58%
19.27%
2.62%
15.42%
(59.39%)
Sep 97 - Dec 98
20 Jul 12 1.45%
(0.05%)
-1.55%
(1.98%)
3.60%
(3.79%)
Feb 12 - Jun 12

Source - HSBC
30
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
DIAMOND CAPITAL MANAGEMENT
Elchanan Jaglom, Daniel Jaglom
31 Oct 02

Global Asset Management Limited
31 Dec 89
GAM DIVERSITY II INC - US$ CLASS

David Smith
31 Jul 98
GAM TRADING II USD

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

31 May 96
HSBC HEDGE INVESTMENTS FUND

28 Feb 02
HSBC LEVERAGED GH FUND

HSBC Republic Investment Limited
30 Nov 04
HSBC UCITS ADVANTEDGE FUND -USD CLASS

Hsbc Alternative Inv. Ltd
31 Oct 09
Q
M
M
M
M
Q
M
W
$248 M
May 12
159.64
$538 M
Jul 12
661.83
$143 M
May 12
201.99
$3'038 M
Apr 12
329.82
$1'905 M
Jun 12
279.53
$21 M
Jun 12
146.24
$1'905 M
Jun 12
118.59
91 M
Jun 12
93.24
30 Jun
12
MTD
YTD
2011
Ytd Avg. 2012

1.84%
(0.57%) 1.24%
-1.97%
23 Jul 12 1.37%
2010
4.05%
2009
9.37%
Ann. Return
4.96%
Ann. Vol
4.51%
Max
Drawdown1
(14.18%)
Jun 08 - Dec 08
3.29%
-3.44%
-2.55%
5.07%
8.73%
8.13%
(19.64%)
Jan 94 - Jan 95
23 Jul 12 1.34%
3.27%
-3.66%
-3.4%
4.59%
5.15%
7.57%
(18.79%)
Oct 07 - Dec 11
23 Jul 12 3.34%
2.73%
-4.11%
5.97%
6.55%
8.14%
5.84%
(5.88%)
Jun 08 - Sep 08
20 Jul 12 1.20%
0.95%
-3.37%
4.68%
12.31%
6.57%
6.57%
(18.30%)
Jun 08 - Dec 08
20 Jul 12 1.23%
1.32%
-2.72%
5.33%
12.98%
3.72%
5.09%
(17.63%)
Jun 08 - Dec 08
20 Jul 12 2.34%
0.73%
-8.76%
7.18%
23.44%
2.26%
12.40%
(37.09%)
Jun 08 - Dec 08
25 Jul 12 0.75%
1.16%
-7.51%
-0.37%
0.08%
(2.51%)
3.46%
(8.81%)
Apr 10 - Dec 11
Trading
Ytd Avg. 2012
2.06%
Trading/Global
HSBC TRADING ADVANTEDGE FUND
31 Oct 05
$305 M
Jun 12
153.27
Ytd Avg. 2012

2.06%
20 Jul 12 4.89%
2.06%
-1.62%
8.82%
-7.51%
6.56%
9.72%
(10.20%)
Jan 09 - Jan 10

Source - HSBC
31
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
MTD
YTD
2011
2010
2009
Ann. Return
47.56%
195.22%
Ann. Vol
Max
Drawdown1
Equity-Diversified
Ytd Avg. 2012
10.87%
RUSSIAN PROSPERITY FUND - A
Alexander Branis
31 Aug 96
$1'122 M
May 12
212.12
Ytd Avg. 2012

10.87%
19 Jul 12 4.12% 10.87%
-18.03%
21.42%
46.38%
(90.26%)
Jul 97 - Jan 99

Source - HSBC
32
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
MTD
YTD
2011
2010
2009
Ann. Return
Ann. Vol
Max
Drawdown1
Commodity
Ytd Avg. 2012
1.32%
Commodity/Global
ARMAJARO COMMODITIES FUND CLASS -AJohn Tilney
31 Mar 04
BREVAN HOWARD COMMODITIES STRATEGIES

FUND L.P.
Stephane Nicolas
28 Feb 10
CLIVE FUND (The ) Class - A Christian Levett and Richard Boland
30 Nov 07
KROM RIVER COMMODITY FUND

Christopher Brodie
30 Jun 06
MERCHANT COMMODITY FUND (THE) - COMPOSITE

Michael Coleman and Doug King
31 May 04
M
M
Q
M
M
$1'150 M
May 12
226.84
$ 519 M
May 12
106.16
$3'280 M
Apr 12
196.10
$ 710 M
Jun 12
179.00
$ 545 M
Apr 12
325.23
Ytd Avg. 2012

1.32%
31 Jul 12 1.96%
0.47%
-7.11%
7.35%
24.08%
10.32%
11.93%
(15.56%)
Feb 08 - Dec 08
20 Jul 12 0.90%
4.72%
-2.65%
7.83%
4.04%
8.75%
(8.62%)
Aug 11 - Dec 11
27 Jul 12 (3.01%)
3.86%
-9.92%
19.75%
17.42%
15.55%
18.89%
(20.89%)
Apr 11 - Apr 12
31 Jul 12 3.05%
0.01%
-3.89%
13.23%
-8.08%
10.03%
10.09%
(11.88%)
Apr 11 - May 12
31 Jul 12 2.60%
(2.47%)
-30.07%
27.4%
4.55%
15.52%
21.70%
(36.93%)
Dec 10 - Oct 11
Credit
Ytd Avg. 2012
1.60%
Credit/Emerging
ADELANTE EMERGING DEBT FUND
Julian Adams
30 Jun 99
$ 71 M
May 12
67.12
30 Jun
12
Ytd Avg. 2012

1.60%
0.84%
1.60%
0.65%
11%
47.43%
15.76%
9.46%
(22.42%)
Feb 08 - Feb 09
Currency
Ytd Avg. 2012
1.62%
Currency/Asia
DYMON ASIA MACRO FUND COMPOSITE
Danny Yong
31 Jul 08
$2'476 M
Jun 12
143.82
30 Sep 09
QFS CURRENCY FUND, LTD CLASS B SHARES

(INDEX)
Dr. Sanford Grossman
28 Feb 93
15.23%
16.37%
9.63%
12.37%
(13.69%)
Jul 08 - Sep 08
Currency/Global
BREVAN HOWARD INVESTMENT FUND II MACRO FX
FUND - USD CLASS A
Luke Ding
Ytd Avg. 2012

(1.91%)
13 Jul 12 0.93% (1.91%)
20.11%
$ 971 M
Apr 12
109.31
$97 M
Jul 12
862.69
Ytd Avg. 2012

3.38%
18 Jul 12 1.28%
3.04%
5.15%
0.6%
0.29%
3.23%
4.18%
(3.05%)
Apr 11 - Jul 11
31 Jul 12 8.87%
3.73%
4.68%
28.78%
8.91%
11.73%
14.53%
(18.85%)
Feb 04 - Aug 06

Source - HSBC
33
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
MTD
YTD
2011
2010
2009
Ann. Return
Ann. Vol
Max
Drawdown1
Diversified
Ytd Avg. 2012
1.52%
Diversified/Asia
ALPHADYNE INVESTMENT STRATEGIES FUND LTD
Bart Broadman, Philippe Khuong-Huu
31 Jan 07
BREVAN HOWARD ASIA FUND LIMITED

Kaspar Ernst
30 Sep 04
FORTRESS ASIA MACRO FUND

Adam Levinson
28 Feb 11
M
M
Q
$ 232 M
May 12
1,613.41
$1'786 M
May 12
199.89
$ 239 M
Feb 12
112.07
Ytd Avg. 2012

4.39%
27 Jul 12 3.23%
4.58%
3.11%
31 Aug 05
BREVAN HOWARD EM. MKT STRATEGIES FUND LTD

Geraldine Sundstrom
31 Dec 07
DISCOVERY GLOBAL OPPORTUNITY FUND, LTD

Robert K Citrone
31 Jul 99
GAVEA FUND LTD . CLASS A S/1

Fraga Arminio
31 Jul 03
GREEN FUND LLC GREEN CLASS

Luis Stuhlberger
31 Jan 01
MOORE EMERGING FX . INC & CRY FUND - CLASS A

Greg Coffey
31 Mar 09
PHARO TRADING FUND

Guillaume Fonkenell
30 Nov 00
SPINNAKER GLOB OPP FUND, LTD COMPOSITE

Jorge Rosas
31 Jan 01
Q
M
S
Q
M
M
M
Q
31 Mar 03
BTG PACTUAL GLOBAL EM. MKTS AND MACRO FUND 31 Jan 09

BTG Pactual Global Asset Management
CAPITAL FUND, LTD (THE)

Kenneth Windheim
31 Dec 99

Yan Huo
28 Feb 10
9.10%
4.80%
(3.63%)
20 Jul 12 0.36%
0.09%
8.86%
1.83%
6.69%
9.28%
3.95%
(1.94%)
Jan 10 - Mar 10
27 Jul 12 1.59%
8.49%
3.3%
8.41%
6.15%
(4.91%)
Mar 11 - Oct 11
$1'307 M
Jun 12
174.24
$2'632 M
Jun 12
140.23
$3'870 M
May 12
652.10
$1'649 M
Mar 12
219.48
$625 M
Apr 12
641.29
$102 M
Mar 12
1,147.94
$ 423 M
May 12
3,579.30
$1'996 M
Mar 12
445.78
30 Jun
12
Ytd Avg. 2012

2.21%
0.06%
2.32%
-0.43%
7.82%
34.03%
8.47%
11.89%
(22.89%)
Oct 07 - Oct 08
20 Jul 12 0.57%
9.87%
-6.28%
2.01%
24.94%
7.70%
10.32%
(10.67%)
Aug 11 - Dec 11
30 Jun
12
(4.24%)
27 Jul 12 1.82%
0.43%
3.58%
16.92%
64.98%
15.61%
15.02%
(33.03%)
Dec 07 - Dec 08
3.73%
-0.35%
6.48%
17.09%
9.13%
6.96%
(12.50%)
Jul 08 - Oct 08
26 Jul 12 0.99%
10.12%
-5.7%
7.84%
79.57%
16.37%
14.93%
(33.00%)
Jun 08 - Nov 08
19 Jul 12 0.44%
(3.20%)
2.94%
10.07%
4.67%
4.26%
4.21%
(5.08%)
Jan 12 - Jun 12
13 Jul 12 0.46%
(9.10%)
-2.68%
10.52%
81.79%
11.59%
9.87%
(13.16%)
Feb 08 - Oct 08
15 Jul 12 0.90%
3.49%
-11.82%
15.03%
28.16%
13.93%
9.66%
(31.74%)
May 08 - Feb 09
Diversified/Global
BREVAN HOWARD FUND, LTD - USD CLASS A
Alan Howard
8.86%
May 09 - Jun 09
Diversified/Emerging
BLUECREST EMERGING MARKETS FUNDS
Bluecrest Capital Management LLP
7.58%
$27'270
M
Apr 12
287.90
$2'805 M
Jun 12
2,278.04
$ 71 M
May 12
2,528.03
$2'393 M
Jul 12
108.88
Ytd Avg. 2012

1.05%
20 Jul 12 2.42% (1.30%)
12.15%
1.01%
18.65%
12.03%
7.01%
(5.17%)
Feb 08 - Apr 08
13 Jul 12 0.35%
14.07%
3.44%
22.38%
57.76%
26.96%
8.34%
(3.57%)
May 11 - Dec 11
27 Jul 12 0.55%
1.46%
4.66%
0.34%
-13.02%
10.80%
10.44%
(17.38%)
Jan 09 - Mar 10
27 Jul 12 (0.71%)
(8.97%)
10.82%
7.93%
3.59%
10.39%
(10.60%)
Nov 11 - Jul 12

Source - HSBC
34
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Diversified/Global
CAXTON GLOBAL INVESTMENT LTD
Andrew E. Law
31 Jan 97
COMAC GLOBAL MACRO FUND

Colm OShea
31 May 06
ELEMENT CAPITAL FUND

Jeffrey Talpins
31 Mar 05

David Fishwick / Tony Finding
31 Jul 05
FORTRESS MACRO FUND LTD. CLASS A

Michael E. Novogratz & Adam Levinson
31 Dec 08
GAM GLOBAL RATES HEDGE FUND

Adrian Owens
31 Jan 04
GAMUT INVESTMENTS
Andrew E. Law
30 Jun 86

Steven Bell
31 Mar 06
GRAHAM GLOBAL INVESTMENT FUNDDISCRETIONARY-12V CL -AKenneth G. Tropin
31 May 04
GRAHAM GLOBAL INVESTMENT FUNDDISCRETIONARY-6V

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

Richard Conyers
30 Apr 03
INVESTCORP STONEWORKS GLOBAL MACRO FUND

LTD
Investcorp Investment Advisers Limited
31 Jul 07
MELLON OFF GLOB OPP FUND LTD MULTICURRENCY - A1

Alexander Huberts & Jeff Zhang
30 Nov 05
MELLON OFF. ALPHAACCESS FUND LTD - MCY A/1

Alexander Huberts & Jeff Zhang
31 Jul 05

Patrick McMahon
31 Jul 01

Timothy Rudderow
31 Mar 02
Q
M
M
Q
M
M
M
M
Q
M
M
M
M
M
$7'600M
May 12
717.39
$4'086 M
Jun 12
159.04
$4'012 M
Jun 12
51,957.59
$593 M
Mar 12
124.22
$1'505 M
May 12
1,030.41
$238 M
Feb 12
206.93
$431 M
May 12
7,685.38
$616 M
Mar 12
120.79
$2'772 M
Jun 12
199.21
$2'772 M
Jun 12
249.56
$949 M
Jul 12
139.01
$ 59 M
Feb 12
110.71
$252 M
Apr 12
1,135.95
$193 M
Apr 12
1,056.41
$2'130 M
May 12
282.54
$633 M
Jan 12
2,281.65
Date
MTD
YTD
2011
Ytd Avg. 2012

1.05%
31 Jul 12 (2.13%) (4.23%)
0.7%
2010
9.29%
2009
5.82%
Ann. Return
13.55%
Ann. Vol
Max
Drawdown1
7.54%
(7.37%)
Jun 07 - Aug 07
27 Jul 12 0.05%
(4.64%)
5%
1.14%
14.93%
7.82%
8.65%
(10.20%)
Apr 10 - Mar 11
30 Jun
12
(3.42%)
(2.65%)
5.54%
27.6%
78.82%
25.50%
10.72%
(7.83%)
Oct 07 - Apr 08
27 Jul 12 (0.58%)
(8.54%)
0.98%
4.83%
35.59%
3.15%
12.49%
(32.77%)
Oct 07 - Feb 09
27 Jul 12 (2.02%)
5.82%
-9.33%
10.7%
14.83%
5.71%
6.49%
(11.34%)
Mar 11 - Nov 11
24 Jul 12 (0.58%)
9.02%
-6.73%
9.47%
18.96%
8.95%
7.77%
(12.25%)
Mar 11 - Sep 11
25 Jul 12 (1.73%)
(4.55%)
-0.95%
7.22%
4.41%
18.11%
13.49%
(13.45%)
Dec 87 - Apr 88
27 Jul 12 (1.11%)
0.59%
-10.3%
-10.04%
24.35%
3.03%
10.21%
(19.99%)
Apr 10 - Dec 11
31 Jul 12 1.51%
2.38%
6.82%
14.26%
37.85%
12.48%
11.03%
(30.81%)
May 07 - Jun 08
31 Jul 12 0.78%
1.23%
3.56%
7.12%
17.09%
7.13%
5.45%
(14.81%)
May 07 - Jun 08
27 Jul 12 3.15%
22.80%
-8.91%
20.3%
-2.38%
7.64%
12.03%
(16.74%)
Apr 11 - Dec 11
30 Jun
12
(0.60%)
30 Jun
12
0.01%
30 Jun
12
0.43%
(2.82%)
0.58%
-9.08%
5.34%
2.09%
8.92%
(14.97%)
Jul 09 - Mar 11
(2.92%)
4.79%
17.48%
14.52%
1.95%
9.17%
(31.90%)
Jan 07 - Oct 08
27 Jul 12 1.34%
(5.52%)
4.46%
23.11%
33.57%
0.80%
18.01%
(59.00%)
Jan 07 - Oct 08
4.62%
11.42%
-0.35%
12.72%
9.90%
5.37%
(3.70%)
Dec 09 - Feb 10
31 Jul 12 14.86%
17.82%
-35.04%
7.83%
-2.95%
8.30%
18.67%
(36.98%)
Dec 10 - May 12

Source - HSBC
35
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Diversified/Global
MOORE GLOBAL INV FD, LTD - A $
Louis Bacon
31 Dec 89
MOORE MACRO MANAGERS FUND, LTD CLASS -ALouis Bacon
31 Jul 93

Onslow Capital Management Ltd
31 Dec 07
PHARO MACRO FUND LTD

Guillaume Fonkenell
30 Apr 05
PINPOINT MULTI-STRATEGY FUND

Qiang Wang
29 Feb 08

Paul Brewer
31 Oct 99
TRAXIS FUND LP (OFFSHORE)

Barton M. Biggs, Madhav Dhar & Cyril Moull-Berteaux
31 May 03
TT INTERNATIONAL FUND
Tacchi Tim
31 Aug 89
TUDOR B.V.I GLOBAL FUND LTD -APaul Tudor Jones
31 Oct 86
TUDOR B.V.I GLOBAL FUND LTD -A- ALT SERIES 01

Paul Tudor Jones
31 Dec 11
Q
Q
M
Q
M
M
Q
M
Q
Q
$6'700 M
Mar 12
44,597.01
$6'500 M
Mar 12
11,291.73
$160 M
Jun 12
139.69
$2'200 M
Jun 12
2,160.87
$ 130 M
Feb 12
142.10
$498 M
Jul 2
427.75
$ 268 M
Jan 12
148.29
$ 398M
May 12
6,824.94
$8'345 M
Jul 12
107,969.19
$8'345 M
Jul 12
108,721.81
Date
MTD
YTD
2011
Ytd Avg. 2012

1.05%
19 Jul 12 1.15%
1.51%
-2.21%
2010
4.74%
2009
22.12%
Ann. Return
18.33%
Ann. Vol
Max
Drawdown1
12.02%
(18.45%)
Jan 94 - Feb 95
19 Jul 12 (0.11%)
1.70%
-2.57%
11.56%
17.07%
13.62%
8.59%
(14.47%)
Jan 94 - Feb 94
30 Jun
12
(0.72%)
(6.26%)
3.17%
13.3%
36.95%
7.64%
16.96%
(25.48%)
Sep 08 - Oct 08
13 Jul 12 0.85%
1.09%
-7.82%
7.3%
48.62%
11.28%
9.02%
(9.64%)
Jun 08 - Nov 08
13 Jul 12 1.05%
1.24%
-10.43%
23.74%
29.81%
8.37%
12.12%
(17.36%)
Jun 08 - Nov 08
27 Jul 12 (1.04%)
(6.75%)
5.34%
14.97%
14.86%
12.08%
14.78%
(36.03%)
Dec 04 - May 07
30 Jun
12
(0.10%)
31 Jul 12 (0.56%)
(0.65%)
-5.35%
3.65%
34.03%
4.43%
12.95%
(40.00%)
Oct 07 - Feb 09
0.06%
-14.09%
13.52%
4.86%
8.66%
14.71%
(27.05%)
Jan 94 - Jan 95
27 Jul 12 2.64%
2.55%
2.17%
7.41%
15.37%
19.93%
19.21%
(17.07%)
Apr 92 - Jul 92
27 Jul 12 2.73%
3.26%
5.76%
9.34%
(4.37%)
May 12 - Jun 12
Fixed Income
Ytd Avg. 2012
1.83%
Fixed Income/Global
AVIVA INVESTOR FIXED INCOME MACRO (Tranche 2)
Shahid Ikram
30 Jun 09
BREVAN HOWARD INVEST. FUND - EMERGING

MARKETS LOCAL FIXED INCOME FUND
Filippo Cipriani, Brevan Howard Asset Management
31 May 10
M
W
$ 561 M
Jun 12
12.15
$ 1'311
M
Jun 12
111.22
Ytd Avg. 2012

1.83%
27 Jul 12 0.01%
1.00%
7.56%
6.4%
5.12%
6.53%
3.12%
(1.54%)
Jun 10 - Jul 10
18 Jul 12 0.46%
2.66%
2.97%
5.21%
5.11%
5.21%
(2.99%)
Feb 12 - Jun 12

Source - HSBC
36
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
MTD
YTD
2011
2010
2009
Ann. Return
Ann. Vol
Max
Drawdown1
Currency
Ytd Avg. 2012
(4.88%)
Currency/Global
ORTUS FUND (CAYMAN) LTD
Dr Joe Zhou
30 Sep 03
$805 M
Jul 12
271.37
Ytd Avg. 2012

(4.88%)
15 Jul 12 2.35% (4.88%)
5.7%
27.89%
19.05%
12.02%
12.26%
(23.33%)
Jul 08 - Oct 08
Discretionary
Ytd Avg. 2012
5.85%
Discretionary/Global
LYNX (BERMUDA) LTD
Jonas Bengtsson, Svante Bergstrom, Martin Sandquist
30 Apr 00
$1'730 M
May 12
486.10
Ytd Avg. 2012

5.85%
31 Jul 12 6.93%
5.85%
-2.25%
19.17%
-9.43%
13.77%
14.55%
(12.19%)
Dec 08 - Jan 10
Multi-Strategy
Ytd Avg. 2012
(6.41%)
Henrik Wennberg, Jukka Virtala, Mathias Wennberg
30 Nov 07
55 M
Apr 12
1,508.83
30 Jun
12
Ytd Avg. 2012

(6.41%)
(0.27%) (6.41%)
1.21%
23.45%
2.7%
9.38%
13.99%
(9.76%)
Feb 10 - Nov 10
Systematic
Ytd Avg. 2012
1.84%
Systematic/Global
ALTIS MASTER FUND ICC - GLOBAL FUTURES
PORTFOLIO IC
Zbigniew Hermaszewski, Alex Burnwin, Stephen
Hedgecock, Natasha Reeve-Gray
31 Aug 03
ARMAJARO STS COMMODITIES FUND CLASS -ZWill Griffin
31 Dec 09
ASPECT DIVERSIFIED FUND - CLASS A

Anthony Todd
30 Nov 98
BEACH HORIZON FUND LTD

Beach Horizon LLP
30 Apr 05
BLUETREND FUND, LTD - CLASS A

Michael Platt & Leda Braga
31 Mar 04
BORONIA DIVERSIFIED FUND MASTER

Richard Grinham and Angus Grinham
31 Aug 93
M
W
M
M
M
$ 68 M
Jul 12
2,488.08
$ 76 M
Apr 12
87.98
$1'360 M
Jul 12
357.44
$889 M
Apr 12
236.11
$10'400M
May 12
296.32
$365 M
Jun 12
1,685.58
Ytd Avg. 2012

1.84%
20 Jul 12 6.91%
4.79%
-29.61%
9.64%
-8.25%
10.79%
22.69%
(31.00%)
Dec 10 - Jun 12
30 Jun
12
(2.65%) (12.56%)
-15.89%
19.64%
(5.00%)
28.33%
(38.86%)
Apr 11 - Jun 12
31 Jul 12 3.43%
0.45%
4.51%
15.36%
-11.24%
9.76%
16.44%
(21.47%)
Feb 04 - Jan 05
31 Jul 12 3.26%
(5.94%)
-1.14%
8.65%
-4.62%
12.57%
19.20%
(15.63%)
Feb 09 - Jul 10
30 Jun
12
(5.39%)
25 Jul 12 1.67%
(3.74%)
0.32%
15.98%
4.38%
14.06%
14.08%
(12.55%)
Apr 06 - Jul 06
(0.10%)
-8.75%
9.44%
-6.13%
9.69%
12.00%
(14.56%)
Feb 08 - Apr 12

Source - HSBC
37
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Systematic/Global
CANTAB CAPITAL PARTNERS QUANTITATIVE FUND
US$ ARISTARCHUS SH.
Ewan Kirk, Erich Schlaikjer, Cantab Capital
28 Feb 07
CANTAB QUANTITATIVE UCITS FUND US$ FARADAY

SH.
Ewan Kirk, Erich Schlaikjer, Cantab Capital
30 Jun 11

Marc Malek
30 Apr 99
CRABEL FUND SPC LTD CLASS A

Toby Crabel
28 Feb 98
DISCUS FEEDER LTD CL. B USD STANDARD

LEVERAGE
Team managed
31 Dec 90
DKR QUANTITATIVE STRATS FUND, LTD

Pascal Magnollay
31 Dec 99
EAGLE GLOBAL FUND

Menachem Sternberg & Liora Sternberg
30 Sep 95
GLC BEHAVIOURAL TREND FUND LTD

Lawrence Staden
30 Nov 07

Lawrence Staden
31 May 04
GRAHAM GIF II PROPRIETARY MATRIX - 10V

Kenneth G. Tropin
30 Jun 99
GRAHAM GLOBAL INVESTMENT FUND II - K4D-10V

Kenneth G. Tropin
31 Jan 95
GRAHAM GLOBAL INVESTMENT FUND II - K4D-15V COMPOSITE

Kenneth G. Tropin
31 Dec 00

CLASS A
Sassan Alizadeh
30 Sep 09

CLASS B
Sassan Alizadeh
31 Jul 11
KEYNES LEVERAGED QUANTITATIVE STRATEGIES

FUND CLASS - B -COMPOSITE
Sushil Wadhwani,
31 Dec 04
M
M
M
M
M
M
M
M
M
M
$ 825 M
Jul 12
2,054.38
$ 166 M
Jun 12
1.15
$521 M
Apr 12
2,704.91
$244 M
Jan 12
4,936.26
$315 M
Mar 12
1,234.30
$23 M
May 12
2,550.32
$176 M
Apr 12
1,022,799.64
$95 M
Mar 12
129.75
$172 M
Mar 12
152.95
$956M
Jun 12
304.13
$3'308 M
Jun 12
362.81
$3'308 M
Jun 12
218.01
$ 932 M
Jun 12
1,278.92
$ 932 M
Jun 12
820.83
$ 395 M
Feb 12
109.46
Date
MTD
YTD
2011
Ytd Avg. 2012

1.84%
31 Jul 12 9.03% 17.10%
12.84%
2010
2.48%
2009
Ann. Return
-9.2%
14.51%
Ann. Vol
14.60%
Max
Drawdown1
(17.88%)
Feb 09 - Feb 10
31 Jul 12 0.04%
6.90%
7.25%
13.39%
12.46%
(6.09%)
Sep 11 - Oct 11
31 Jul 12 2.09%
(14.66%)
-5.67%
4.92%
-14.12%
7.79%
19.53%
(36.00%)
Jul 09 - Jun 12
27 Jul 12 3.15%
8.32%
-1.93%
8.33%
-1.78%
11.71%
16.66%
(16.71%)
Oct 98 - Jun 99
27 Jul 12 2.42%
(5.41%)
21.95%
-6.67%
2.85%
12.62%
15.95%
(34.56%)
Jun 94 - Oct 95
31 Jul 12 4.70%
(1.12%)
-12.93%
8.27%
1.56%
7.72%
10.40%
(20.02%)
Feb 11 - Jun 12
31 Jul 12 5.04%
5.43%
8.82%
17.68%
10.2%
14.80%
23.86%
(32.13%)
Oct 03 - Sep 04
27 Jul 12 (0.46%)
6.51%
-3.04%
4.64%
-10.67%
5.75%
14.35%
(16.79%)
Jan 09 - Feb 10
27 Jul 12 0.08%
2.54%
6.06%
-4.79%
-8.99%
6.04%
12.84%
(26.31%)
Oct 08 - Jun 11
31 Jul 12 5.47%
4.53%
-9.85%
10.56%
15.47%
8.86%
12.12%
(16.08%)
Apr 11 - Nov 11
31 Jul 12 4.72%
2.83%
-13.12%
0.77%
0.88%
7.64%
12.45%
(16.42%)
Apr 11 - Jun 12
31 Jul 12 7.09%
4.44%
-18.64%
4.52%
5.11%
11.54%
19.85%
(29.84%)
Feb 04 - Apr 05
30 Jun
12
(1.12%)
30 Jun
12
(1.13%)
(4.15%)
-4.27%
31.32%
6.14%
9.36%
22.02%
(23.92%)
Apr 11 - Jun 12
20 Jul 12 7.46%
(4.27%)
-14.26%
(19.36%)
19.33%
(18.33%)
Aug 11 - Jun 12
8.02%
-5.89%
6.47%
-2.09%
9.05%
12.70%
(12.83%)
Apr 06 - Sep 06

Source - HSBC
38
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Systematic/Global
MAN AHL DIVERSIFIED PLC
Tim Wong
31 Mar 96
RENAISSANCE INSTITUTIONAL FUTURES FUND LP

Robert Lourie
30 Sep 07
TEWKSBURY INVESTMENT FUND, LTD - B

Matthew Tewksbury
31 Dec 90
TRADELINK INTEGRATED PROGRAM LTD

Walt Weissman and Blair Wellensiek
31 Dec 93
TUDOR TENSOR FUND LIMITED CLASS I

Steve Evans
31 Aug 05

Progressive Cap. Partners
31 Mar 03
TWO SIGMA COMPASS CAYMAN FUND

Two Sigma Investments, LLC
31 Jul 09
WINTON FUTURES FUND - CLASS B

David Harding
30 Sep 97
W
M
M
M
M
M
M
M
$2'072 M
Apr 12
93.51
$405 M
Apr 12
120.86
$3'296 M
Mar 12
15,600.37
$60M
Jun 12
2,287.28
$405 M
Jun 12
1,547.95
$687 M
Dec 11
4,485.47
$495 M
May 12
1,517.57
$ 7'180M
Jun 12
849.84
Date
MTD
YTD
2011
Ytd Avg. 2012

1.84%
31 Jul 12 1.13%
1.58%
-6.84%
2010
2009
Ann. Return
14.82%
-16.89%
14.66%
Ann. Vol
17.33%
Max
Drawdown1
(19.39%)
Dec 08 - Feb 10
31 Jul 12 3.60%
0.54%
1.84%
22.61%
3.85%
3.99%
11.77%
(22.27%)
Jun 08 - Jun 09
27 Jul 12 0.80%
4.00%
4.55%
10.47%
10.3%
13.57%
4.63%
(7.75%)
Jun 07 - Aug 07
31 Jul 12 2.34%
(2.48%)
-21.27%
16.01%
-2.43%
18.33%
23.47%
(36.53%)
May 03 - Jan 05
27 Jul 12 5.19%
1.48%
-10.31%
6.19%
-2.69%
6.53%
12.04%
(16.79%)
Feb 11 - Jun 12
31 Jul 12 10.15%
27.84%
-20.93%
38.39%
-24.68%
17.43%
26.31%
(34.25%)
Feb 09 - Jan 10
30 Jun
12
0.99%
01 Aug (0.25%)
12
0.52%
2.33%
26.02%
17.05%
15.36%
8.67%
(9.85%)
Apr 11 - Sep 11
(0.13%)
6.29%
14.48%
-4.63%
15.50%
17.64%
(25.08%)
Oct 01 - Feb 02

Source - HSBC
39
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
MTD
YTD
2011
2010
2009
Ann. Return
Ann. Vol
Max
Drawdown1
Discretionary
Ytd Avg. 2012
1.90%
Discretionary/Asia
AMAZON MARKET NEUTRAL FUND CLASS A USD
August Investment Management Ltd
31 Aug 05
$508 M
Jun 12
333.92
30 Jun 06
TALENTUM ENHANCED FUND LIMITED - A Gianmarco Mondani / Marco Accorroni
31 Aug 02
W
M
184 M
Jul 12
15,000.77
31 Jul 99
MARSHALL WACE - MW MARKET NEUTRAL TOPS A

USD
Anthony Clake.
31 Oct 07
MLIS - MARSHALL W. TOPS UCITS FUND (MKT NTRL)

Marshall Wace LLP
31 Dec 07
Q
M
139 M
Jun 12
285.45
30 Apr 02
DB EQUILIBRIA JAPAN FUND LTD 2X (USD)

James Pulsford, Sara Gardiner-Hill
30 Apr 09
M
M
Ytd Avg. 2012

6.28%
25 Jul 12 2.00% (2.58%)
1.38%
27 Jul 12 4.84%
31 May 08

Steven Cordell
30 Jun 08
Daily
15.13%
2.95%
$690 M
May 12
286.74
$373m
Apr 12
107.43
$ 310 M
May 12
108.74
Ytd Avg. 2012

2.91%
27 Jul 12 1.90%
0.28%
-3.25%
12.82%
(20.20%)
4.62%
10.21%
4.54%
5.73%
(6.92%)
18.43%
-0.85%
11.16%
8.83%
(25.03%)
1.48%
17.9%
8.44%
5.52%
(8.09%)
Mar 11 - Sep 11
31 Jul 12 2.79%
5.83%
3.18%
-0.21%
6.64%
1.52%
6.87%
(15.98%)
Jun 08 - Nov 08
30 Jul 12 1.98%
2.63%
3.46%
0.3%
6.76%
1.85%
5.00%
(11.63%)
Jun 08 - Oct 08
$103 M
Jun 12
223.99
$ 342 M
Jun 12
131.87
Ytd Avg. 2012

(0.38%)
27 Jul 12 0.20% (0.40%)
-0.13%
5.58%
11.53%
8.19%
4.51%
(5.77%)
May 08 - Sep 08
27 Jul 12 0.58%
(0.36%)
-0.5%
10.87%
19.96%
8.90%
7.96%
(9.56%)
Jul 11 - May 12
Discretionary/UK
ABSOLUTE INSIGHT UK EQUITY MKT NEUTRAL
FUND-CLASS B2P GBP
Andrew Cawker, Iain Brown, Richard Howarth
19.07%
Jun 08 - Apr 09
Discretionary/Japan
DB EQUILIBRIA JAPAN FUND
James Pulsford, Sara Gardiner-Hill
38.59%
Oct 07 - Feb 08
Discretionary/Global
BLACK DIAMOND RELATIVE VALUE LTD -C-Shs
Clint Carlson
21.8%
Jun 08 - Dec 08
Discretionary/Europe
EXANE MICROMEGAS FUND LTD- CLASS A - CAP
Jerome Poirel
Ytd Avg. 2012

(3.94%)
27 Jul 12 (0.10%) (3.94%)
11.56%
153 M
Jan 12
1.14
141 M
Dec 11
111.04
01 Aug
12
01 Aug
12
Ytd Avg. 2012

1.18%
0.11%
0.81%
2.3%
1.9%
3.68%
2.90%
1.31%
(0.58%)
Feb 12 - May 12
0.32%
1.55%
11.24%
-7.62%
1.06%
2.59%
5.91%
(9.96%)
Sep 09 - Dec 10
Equity Diversified
Ytd Avg. 2012
4.11%

Source - HSBC
40
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Equity Diversified/Asia
MACQUARIE ASIAN ALPHA FUND
Nick Bird
30 Sep 05
$848M
May 12
1,685.74
Date
30 Sep 00
$781M
Jun 12
31 Oct 11
$174 M
Jun 12
2011
2010
10.29%
2009
14.19%
Ann. Return
10.56%
Ann. Vol
6.31%
Max
Drawdown1
(14.05%)
Oct 07 - Apr 09
309.84
30 Jun
12
Equity Diversified/Global
TWO SIGMA ABSOLUTE RETURN FUND LTD
Two Sigma Advisers, LLC
YTD
Ytd Avg. 2012

4.01%
27 Jul 12 2.10%
4.01%
9.07%
Equity Diversified/Europe
GLG EUROPEAN LONG SHORT FUND CL-D- Inst
Pierre Lagrange, Simon Savage, Darren Hodges
MTD
1,041.76
30 Jun
12
Ytd Avg. 2012

5.40%
(1.50%) 5.40%
7%
8.25%
19.49%
10.10%
8.49%
(17.94%)
Oct 07 - Oct 08
Ytd Avg. 2012

2.91%
(0.45%) 2.91%
1.23%
6.33%
3.47%
(1.15%)
Apr 12 - Jun 12
Multi-Strategy
Ytd Avg. 2012
4.00%
Multi-Strategy/Asia
LIM ASIA MULTI-STRATEGY FUND CLASS A
George W. Long
31 Dec 95
$ 859 M
Jun 12
33.82
HUDSON BAY INTERNATIONAL FUND LTD
Hudson Bay Capital Management LP
31 May 06
$ 803 M
Apr 12
214.33
30 Jun
12
Ytd Avg. 2012

(0.91%)
(0.29%) (0.91%)
-0.23%
8.6%
20%
7.66%
5.95%
(15.79%)
Feb 08 - Nov 08
Ytd Avg. 2012

8.91%
19 Jul 12 1.29%
8.91%
4.31%
8.44%
31.76%
13.22%
5.45%
(3.92%)
Nov 07 - Dec 07
Statistical Arbitrage
Ytd Avg. 2012
1.80%
Statistical Arbitrage/Europe
BLACKROCK EOS CLASS B USD COMPOSITE
Robert Fisher
28 Feb 02
$ 185 M
Jun 12
1,188.24
28 Feb 07
BLUEMATRIX FUND CLASS -A- USD

BlueCrest Capital management LLP
31 Oct 07
GLC GESTALT EUROPE FUND, LTD A/1

Lawrence Staden
31 Jul 99
GSA CAPITAL INTERNATIONAL FUND, LTD - CLASS A

Jonathan Hiscock
28 Feb 05
Q
M
M
Q
13.64%
21.01%
9.30%
8.99%
(14.33%)
Jul 07 - Jan 08
Statistical Arbitrage/Global
A.R.T. INTERNATIONAL INVESTOR (BVI) Ltd
Aaron Sosnick
Ytd Avg. 2012

2.01%
31 Jul 12 1.90%
2.01%
-3.11%
$923 M
Jun 12
202.26
$465 M
Jun 12
133.32
$811 M
Jun 12
221.81
$919 M
May 12
204.38
Ytd Avg. 2012

1.75%
31 Jul 12 0.57%
3.46%
7.88%
6.75%
17.46%
13.86%
8.91%
(10.48%)
Jul 07 - Aug 07
30 Jun
12
(0.10%)
27 Jul 12 (0.06%)
(1.16%)
-1.42%
6.45%
17.49%
6.35%
7.24%
(9.96%)
Apr 11 - Sep 11
0.18%
-7.92%
-13.42%
12.53%
6.32%
9.16%
(23.47%)
Oct 09 - Sep 11
27 Jul 12 0.75%
1.74%
15.2%
12.08%
18.89%
10.12%
4.73%
(11.91%)
Jun 08 - Sep 08

Source - HSBC
41
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Statistical Arbitrage/Global
HIGHBRIDGE STATISTICAL OPP. LTD CLASS A
Evan Dick, Greg Howel
31 Oct 06
$1'047 M
Apr 12
1,299.21
Date
MTD
YTD
2011
Ytd Avg. 2012

1.75%
20 Jul 12 1.09%
4.54%
3.1%
2010
-2.39%
2009
13.07%
Ann. Return
4.68%
Ann. Vol
10.75%
Max
Drawdown1
(21.48%)
Jun 07 - Aug 07
Systematic
Ytd Avg. 2012
5.44%
Systematic/Global
BLACKROCK 32 CAPITAL MASTER FUND SPC, LTD
(THE) - A/1
BlackRock SAE Team
31 Jul 02
BRYN MAWR OFFSHORE LTD

Bryn Mawr Capital Management, Inc
31 Dec 95
ROSEMONT OFFSHORE FUND LTD CLASS -ASERIES 1

Bryn Mawr Capital Management, Inc
30 Apr 06
Y/M
Q
Q
$441 M
May 12
1,965.00
$90 M
Jun 12
4,764.98
$242 M
Jun 12
1,818.07
Ytd Avg. 2012

5.44%
27 Jul 12 1.05%
9.22%
24.92%
20.38%
-7.61%
6.99%
7.52%
(25.15%)
Jun 08 - Sep 09
20 Jul 12 0.42%
3.80%
0.56%
5.96%
12.73%
9.88%
4.11%
(4.11%)
Oct 99 - Dec 99
30 Jun
12
(0.73%)
3.29%
0.49%
5.96%
13.91%
10.17%
4.89%
(3.63%)
Aug 08 - Nov 08

Source - HSBC
42
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
MTD
YTD
2011
2010
2009
Ann. Return
Ann. Vol
Max
Drawdown1
Merger-Arbitrage
Ytd Avg. 2012
1.52%
Merger-Arbitrage/Global
AETOS CORPORATION - CLASS A
Jason Dahl, Jonathan Spitzer
31 Dec 85
CENTAURUS INTERNATIONAL RISK ARBITRAGE

FUND
Randy Freeman
30 Jun 09
LION FUND, LTD (THE)

Nick Walker
31 Jan 96

John Paulson
30 Apr 01
PAULSON INTERNATIONAL, LTD

John Paulson
30 Apr 96
M
M
M
S
M
$121 M
May 12
25,521.07
132 M
Feb 12
112.42
$253 M
May 12
38.64
$1'997 M
Jun 12
730.31
$1'398 M
Jun 12
728.14
31 Aug 89
$114 M
Feb 12
6.57%
7.16%
9.13%
11.62%
(34.97%)
Aug 87 - Oct 87
Merger-Arbitrage/USA
GABELLI ASSOCIATES LIMITED - CLASS A
Mario Gabelli
Ytd Avg. 2012

1.56%
27 Jul 12 0.13%
0.15%
4.33%
575.44
30 Jun
12
0.08%
30 Jun
12
1.33%
30 Jun
12
(4.97%)
30 Jun
12
(2.55%)
(0.36%)
0.01%
2.77%
9.78%
3.98%
5.18%
(7.66%)
May 11 - Aug 11
0.42%
4.23%
5.51%
20.71%
8.48%
9.56%
(34.07%)
Oct 07 - Feb 09
5.22%
-21.55%
26.08%
12.83%
19.47%
16.68%
(30.43%)
Apr 11 - Sep 11
2.37%
-10.17%
Ytd Avg. 2012

1.30%
27 Jul 12 0.16%
1.30%
3.03%
12.57%
6.2%
12.47%
8.14%
(15.52%)
May 11 - Sep 11
6.22%
9.73%
7.93%
3.29%
(6.65%)
Oct 07 - Oct 08

Source - HSBC
43
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
MTD
YTD
2011
2010
2009
Ann. Return
Ann. Vol
Max
Drawdown1
Diversified
Ytd Avg. 2012
4.01%
Diversified/Emerging
CONTRARIAN EMERGING MARKETS OFF FUND LTD
Contrarian Capital Management L.L.C.
31 Dec 05
SPINNAKER GLOBAL EMERGING MARKETS FUND,

LTD
Bradley Wickens
30 Jun 99
Q
Q
$210 M
Jun 12
233.23
$1'894 M
Mar 12
1,675.52
30 Jun
12
31 Aug 05
ARROWGRASS INT FUND LTD

Nick Niell , Henry Kenner
29 Feb 08
BLACK DIAMOND, LTD - CLASS B (UNRESTRICTED)

Clint D. Carlson
31 Dec 95
BLACKROCK MULTI-STRATEGY FUND LTD - CLASS A

Grace Gu
30 Apr 05
BLACKROCK CAPITAL STRUCTURE INVESTMENTS

FUND LTD
Chad Meuse, Benoy Thomas
31 Dec 08
BLUECREST CAPL INTL LTD A USD

Michael Platt
30 Nov 00
BOUSSARD & GAVAUDAN HOLDING., LTD ordinary

shares
Emmanuel Gavaudan
31 Jan 07
BREVAN HOWARD M/S FUND, LTD CL. A/USD

Alan Howard
29 Feb 08
BRUMMER MULTISTRATEGY 2XL, LTD - C B&P Asset Management (Bermuda) Ltd.
30 Apr 09
CQS DIRECTIONAL OPP. FEEDER FUND. Ltd A NI

USD
Michael Hintze
31 Jul 05
CQS DIVERSIFIED FUND (SPC) LTD ALPHA CLASS B

USD
James Peattie & Peter Warren
28 Feb 07
M
Q
Q
M
M
Q
D
M
Q
33.16%
65.85%
13.91%
14.83%
(28.43%)
Feb 08 - Oct 08
15 Jul 12 0.30%
4.32%
-9.3%
12.56%
28.26%
24.11%
12.05%
(33.11%)
May 08 - Feb 09
Diversified/Global
ALLBLUE LIMITED
Michael Platt
Ytd Avg. 2012

4.20%
1.19%
4.09%
-7.16%
$7'120 M
Jun 12
185.01
2'730 M
Feb 12
136.47
$105 M
Mar 12
298.27
$1'559 M
Jun 12
1,370.95
$ 312 M
Jan 12
118.57
$12'232M
Jun 12
425.53
575 M
Feb 12
14.19
$ 3'347
M
Jun 12
123.80
$445 M
Jan 12
1,244.70
$1'344 M
Apr 12
3,464.46
$597 M
May 12
1,505.03
30 Jun
12
Ytd Avg. 2012

4.16%
(0.51%) 1.83%
1.87%
8.06%
21.14%
9.42%
4.91%
(4.51%)
Jun 07 - Aug 07
20 Jul 12 0.30%
2.16%
-0.79%
3.84%
22.36%
7.34%
4.41%
(4.40%)
Apr 11 - Sep 11
27 Jul 12 0.38%
3.16%
-0.69%
5.66%
23.48%
6.81%
4.14%
(18.58%)
Aug 08 - Dec 08
30 Jun
12
0.80%
30 Jun
12
1.42%
30 Jun
12
(0.40%)
3.39%
2.43%
10.2%
14.18%
4.50%
5.95%
(13.96%)
Jun 08 - Dec 08
0.12%
22.94%
1.18%
-4.8%
4.99%
7.78%
(7.83%)
Mar 09 - Apr 09
2.36%
6.1%
12.82%
45.39%
13.31%
5.70%
(4.83%)
May 03 - Aug 03
01 Aug (0.05%)
12
20 Jul 12 1.42%
5.55%
-2.59%
11.49%
27.14%
5.00%
7.65%
(20.69%)
May 07 - Sep 08
1.40%
5.2%
2.12%
17.42%
4.98%
5.05%
(6.29%)
Feb 08 - Sep 08
31 Jul 12 3.01%
4.27%
1.02%
5.05%
12.48%
6.96%
7.01%
(6.56%)
Apr 11 - Nov 11
30 Jun
12
3.83%
30 Jun
12
0.95%
17.34%
-10.42%
31.45%
56.3%
19.67%
15.30%
(24.58%)
Apr 11 - Sep 11
5.79%
-3.45%
14.62%
24.99%
7.95%
7.69%
(14.78%)
Jun 08 - Dec 08

Source - HSBC
44
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Diversified/Global
DOUBLE BLACK DIAMOND LTD - SERIES A
(UNRESTRICTED)
Clint Carlson
31 Mar 98
GLC DIVERSIFIED FUND LTD -ALawrence Staden
30 Jun 93
HIGHBRIDGE CAPITAL CORPORATION CLASS

-A-Series N (Composite)
Mark Vanacore
31 Aug 92
HUTCHIN HILL CAPITAL OFFSHORE FUND LTD

Neil Chriss
30 Jun 08
M
Q/Y
JABCAP GLOBAL BALANCED FUND LTD CLASS D/1 NI 30 Apr 07

Philippe Jabre
JABCAP MULTI STRATEGY FUND LTD CLASS D/1 NI

Philippe Jabre
31 Jan 07
LINDEN INTERNATIONAL LTD

Joe Wong
31 May 03
MILLENNIUM INTL LTD

Israel A Englander
31 Dec 89
PINE RIVER FUND CLASS -B1- SHARES

Aaron Yeary
31 May 02
PLATINUM PARTNERS VALUE ARBITRAGE INT. FUND 31 Dec 02

LTD
Mark Nordlicht
QVT OVERSEAS, LTD - B - Serie 1
Dan Gold
31 Oct 03
SHEPHERD INVEST LTD CLASS -A -COMPOSITE

Brian Stark & Mike Roh
30 Jun 95

Team managed
30 Nov 03
TWO SIGMA HORIZON CAYMAN LTD

Two Sigma Investments, LLC
30 Apr 08
VISIUM GLOBAL OFFSHORE FUND LTD

Jacob Gottlieb
31 Mar 10
WEISS MULTI-STRATEGY PARTNERS ( CAYMAN) LTD 30 Sep 06

Weiss Multi-Strategy Advisers,LLC
Q
Q
Q
Q
Y/Q
S/Q
M
Q
Q
Q
$2'694 M
May 12
375.75
$83 M
Apr 12
65.53
$4'900 M
Feb 12
79,402.17
$1'160 M
Jun 12
1,367.34
$406 M
Jun 12
123.78
$568 M
Jun 12
101.06
$1'704 M
Mar 12
263.28
$16'100M
May 12
2,217.81
$1'346 M
Jul 12
2,950.83
$668 M
Jun 12
5,671.31
$2'398 M
Jun 12
2,273.77
$1'348 M
Mar 12
4,589.17
$ 4'353M
May 12
2,084.58
$320 M
May 12
1,210.90
$57 M
Apr 12
131.73
$120 M
Jun 12
147.71
Date
MTD
YTD
2011
Ytd Avg. 2012

4.16%
27 Jul 12 0.54%
4.09%
-1.07%
2010
9.39%
2009
28.01%
Ann. Return
9.67%
Ann. Vol
Max
Drawdown1
5.51%
(17.93%)
Aug 08 - Dec 08
27 Jul 12 (0.28%)
7.13%
-10.63%
-11.56%
12.73%
10.35%
11.83%
(23.26%)
Oct 09 - Dec 11
30 Jun
12
(0.18%)
4.75%
-5.11%
3.98%
36.49%
11.01%
7.28%
(30.04%)
Jun 08 - Nov 08
27 Jul 12 1.13%
1.94%
-5.03%
6.89%
17.14%
7.98%
6.59%
(7.75%)
Apr 11 - Feb 12
24 Jul 12 0.11%
(7.36%)
-27.33%
3.57%
45%
4.16%
13.79%
(35.04%)
Apr 10 - Jun 12
30 Jun
12
(1.34%)
30 Jun
12
(0.69%)
(0.34%)
-25.65%
6.5%
85.11%
0.19%
18.23%
(40.20%)
Feb 08 - Jan 09
3.42%
-7.84%
24.01%
72.86%
11.24%
10.18%
(24.60%)
Feb 08 - Dec 08
26 Jul 12 0.35%
2.92%
8.39%
13.22%
17.2%
14.69%
4.48%
(7.24%)
May 98 - Aug 98
27 Jul 12 1.66%
10.72%
5.7%
13.87%
91%
11.23%
11.12%
(29.16%)
Jun 08 - Dec 08
30 Jun
12
1.87%
30 Jun
12
2.92%
6.84%
19.61%
17.49%
21.87%
20.03%
5.09%
(4.42%)
Aug 08 - Oct 08
12.96%
5.46%
11.47%
16.11%
9.94%
9.59%
(37.38%)
Feb 08 - Dec 08
20 Jul 12 (0.38%)
5.23%
-5.61%
12.59%
12.18%
9.34%
7.16%
(32.63%)
Oct 07 - Mar 09
27 Jul 12 0.33%
(0.40%)
15.63%
1.56%
14.72%
8.85%
5.89%
(8.14%)
Jun 07 - Sep 07
30 Jun
12
(0.10%)
27 Jul 12 2.76%
3.54%
-13.97%
17.76%
21.2%
4.70%
10.25%
(17.85%)
May 11 - Nov 11
12.48%
1.75%
15.1%
12.58%
7.85%
(7.80%)
Apr 10 - Jun 10
27 Jul 12 (0.54%)
(2.87%)
-0.5%
4.66%
22.11%
6.92%
7.42%
(18.15%)
Jun 08 - Dec 08

Source - HSBC
45
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Diversified/Japan
LIM JAPAN FUND
LIM Advisors Limited
31 Oct 04
$ 137 M
May 12
168.13
Date
MTD
YTD
2011
Ytd Avg. 2012

(0.50%)
27 Jul 12 0.21% (0.50%)
2.73%
2010
14.28%
2009
22.51%
Ann. Return
6.94%
Ann. Vol
6.15%
Max
Drawdown1
(10.09%)
Jun 08 - Feb 09
Equity
Ytd Avg. 2012
0.97%
Equity/Asia
SEGANTII ASIA-PACIFIC EQUITY MULTI-STRATEGY
FUND
Segantii Capital Management (Cayman) Limited
30 Nov 07
$ 610M
Jun 12
211.87
Ytd Avg. 2012

0.97%
31 Jul 12 (1.11%) 0.97%
40.75%
1.72%
18.03%
17.44%
7.46%
(5.20%)
Aug 10 - Sep 10
Multi-Strategy Diversified
Ytd Avg. 2012
6.31%
Multi-Strategy Diversified/Global
AG SUPER FUND INTERNATIONAL, LTD
Michael Gordon & Dave Kamin
30 Apr 93
$530 M
Jun 12
1,359.18
Ytd Avg. 2012

6.31%
27 Jul 12 1.00%
6.31%
-2.62%
13.42%
28.74%
9.68%
5.56%
(24.78%)
Jun 07 - Dec 08
Systematic
Ytd Avg. 2012
(0.69%)
Systematic/Global
WINTON EVOLUTION FUND (THE)
David Harding
31 Aug 05
$113 M
Jun 12
1,424.54
01 Aug
12
Ytd Avg. 2012

(0.69%)
0.13% (0.69%)
3.83%
15.12%
-5.36%
5.24%
10.48%
(14.61%)
Jun 08 - Jul 09

Source - HSBC
46
Inception
Dates
Liquidity
Asset
Size
Last NAV or
Index
Date
MTD
YTD
2011
2010
2009
Ann. Return
Ann. Vol
Max
Drawdown1
Arbitrage
Ytd Avg. 2012
7.03%
Arbitrage/Global
BLUEMOUNTAIN EQUITY ALTERNATIVES FUND
Alan Gerstein
28 Feb 06
PIMCO MULTI-ASSET VOLATILITY FUND LTD

Josh Thimons, Josh Davis, Matt Dorsten
31 Jul 11
Q
M
$295 M
Apr 12
1,963.80
$ 329 M
Jun 12
129.17
Ytd Avg. 2012

7.03%
27 Jul 12 0.03%
6.74%
7.67%
2.67%
4.78%
11.10%
7.48%
(9.57%)
Sep 08 - Feb 09
30 Jun
12
1.89%
7.32%
20.36%
32.15%
7.29%
0.00%
Jan 00 - Jan 00

Source - HSBC
47
HSBC Private Bank (Suisse) SA has issued this document for information purposes only. This document may not be distributed to the United States, Canada,
Australia or any other country in which its distribution is unlawful.
The information contained within this material has not been reviewed in the light of your personal circumstances. If you require investment advice or wish to
discuss the suitability of any investment decision, you should contact your Relationship Manager or you should seek such financial, legal or tax advice from
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This document is not and should not be construed as an offer to sell or solicitation of an offer to purchase or subscribe for any investment or service. HSBC
Private Bank (Suisse) SA has based this document on information obtained from sources or third party materials it believes to be reliable but which it has not
independently verified. HSBC Private Bank (Suisse) SA and the HSBC Group make no guarantees, representations or warranties and accept no responsibility or
liability as to its accuracy or completeness. Expressions of opinion herein are subject to change without notice.
Investments in alternative investments may involve substantial risks, such as the risk to lose part or all of the investment, the absence of a regular market
and illiquidity. Therefore the investor should consult the Risk Warning Section of the prospectus/offering memorandum or any other appropriate risk disclosure
document before the investment which can be requested free of charge from HSBC Private Bank (Suisse) SA.
Please note hedge funds often engage in leveraging and other speculative investment practices that may increase the risk of investment loss. They can also be
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Some products mentioned in this document are not intended for public offering in Switzerland. Consequently, this document can be distributed in/from Switzerland
only to qualified investors according to the Swiss collective investment schemes legislation.
Past performance is not a guide to future performance. The value of any investment or income may go down as well as up and you may not receive back the full
amount invested. When an investment is denominated in a currency other than your local or reporting currency, changes in exchange rates may have an adverse
effect on the value, price or income of that investment. In the case of investments for which there is no recognised market, it may be difficult for investors
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HSBC 31

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Hedge Weekly N31

Investment Funds Performance Review

HSBC Alternative Investment Group

About This Document

Past performance is not a reliable indicator of future performance.

HSBC Alternative Investment Group

Fixed Income Arbitrage

HSBC Alternative Investment Group

A.R.T. INTERNATIONAL INVESTOR (

ABSOLUTE INSIGHT UK EQUITY MKT

ADELANTE EMERGING DEBT FUND

ADELPHI EMERGING EUROPE. FUND

ADELPHI EUR. FUND $ (A)

AETOS CORPORATION - CLASS A

AG MORTGAGE VALUE PARTNERS LTD

AG SUPER FUND INTERNATIONAL, LT

AJR INTERNATIONAL (BVI), INC. -

ALPHADYNE INVESTMENT STRATEGIES 34

ALPHAGEN OCTANIS CLASS A

ALPHAGEN VOLANTIS FUND, LTD - A

ALTIS MASTER FUND ICC - GLOBAL

ALYDAR FUND LTD

ALYSHEBA FUND LIMITED

AMAZON MARKET NEUTRAL FUND CLAS 40

ARCUS JAPAN FUND -JPY-

ARISTEIA INTERNATIONAL LTD

ARMAJARO COMMODITIES FUND CLASS 33

BREVAN HOWARD COMMODITIES STRAT 33

CLIVE FUND (The ) Class - A -

ASPECT DIVERSIFIED FUND - CLASS

BREVAN HOWARD CREDIT CATALYSTS

COBALT OFFSHORE LTD

AVIVA INVESTOR FIXED INCOME MAC

BREVAN HOWARD EM. MKT STRATEGIE

COELI POWER SURGE FUND LTD

BREVAN HOWARD FUND, LTD - USD C

COMAC GLOBAL MACRO FUND

BREVAN HOWARD INVEST. FUND - EM

CONQUEST MACRO FUND, LTD (COMP)

BREVAN HOWARD INVESTMENT FUND I

CONTRARIAN CAPITAL FUND I OFFSH

BREVAN HOWARD M/S FUND, LTD C

CONTRARIAN EMERGING MARKETS OFF 44

BRIGADE LEVERAGED CAPITAL STRUC

CQS ABS FEEDER FUND - CLASS -B-

BRUMMER MULTISTRATEGY 2XL, LTD

CQS ASIA FEEDER FUND LTD- CLAS

BRYN MAWR OFFSHORE LTD

ALLIANCE BERNSTEIN SELECT US EQ

ASCEND PARTNERS FUND II LTD - A

BASSO INVESTORS LTD

BAY RESOURCES PARTNERS OFFSHORE 22

BEACH POINT TOTAL RETURN OFFSHO

BEACONLIGHT OFFSHORE FUND LTD

BLACK DIAMOND RELATIVE VALUE LT

BLACK DIAMOND, LTD - CLASS B (U

BLACKROCK EOS CLASS B USD COMP

CQS CONV & QUANT STRATS FEED FD

BTG PACTUAL DISTRESSED MORTGAGE 15

CQS CREDIT LONG SHORT FEEDER FU

BTG PACTUAL GLOBAL EM. MKTS AND

CQS DIRECTIONAL OPP. FEEDER FUN