HedgeWeekly2018 No22.GBM

Hedge Weekly N°22
Investment Funds Performance Review
HSBC Alternative Investment Group
Week of Monday 28 May to Friday 01 Jun 2018

Index by Strategies 3
Index by Funds 4
Top/Bottom 20 9
Newsletter 12
About This Document 62
Past performance is not a reliable indicator of future performance. HSBC Alternative Investment Group | 2
Equity-Diversified 40
Convertible Arbitrage
Convertible 12 Macro
Commodity 41
Credit Long/Short
Commodity-Systematic 41
Credit 13 Currency 41
Fixed Income 19 Diversified 42
Distressed Fixed Income 45
Distressed Security 21 Systematic 46
Equity Long/Short Managed Futures
Equity-Commodity 22 Currency 47
Equity-Diversified 22 Diversified 47
Equity-Energy 30 Systematic 51
Equity-Financial 31 Market Neutral
Equity-Healthcare 31 Discretionary 52
Equity-Mid-Small Cap 32 Diversified 53
Equity-Pharma-Biotech 32 Equity Diversified 53
Equity-Technology 33 Multi-Strategy 54
Equity-Utility 33 Statistical Arbitrage 54
Event Driven Systematic 54
Credit 34 Merger Arbitrage
Equity-Diversified 34 Merger-Arbitrage 56
Merger-Arbitrage 35
Multi-Strategy 35 Multi-Strategy
Credit 57
Fixed Income Arbitrage
Diversified 57
Fixed Income 37
Volatility Arbitrage
Fund of Funds
Arbitrage 61
Arbitrage 38
Event Driven 38
Long/Short 38
Macro 38
Multi-Strategy 39
Trading 39
Long Only
Source - HSBC
ALLIANCEBERNSTEIN SELECT US EQ 29 BREVAN HOWARD M/S FUND, LTD – 58
1 ALPHA UCITS AMBER EQUITY FUND 34 B BRIGADE LEVERAGED CAPITAL STRU 17
ALPHA UCITS FAIR OAKS DYNAMIC 15 BROADWALK SELECT SERVICES FUND 26
1798 VOLANTIS FUND LTD CLASS C 32 BAF LATAM TRADE FINANCE FUND 13
ALPHAGEN OCTANIS CLASS C 26 BRUMMER MULTISTRATEGY 2XL, LTD 58
1992 MULTI-STRATEGY FUND CORPO 58 BASSO INVESTORS LTD 12
ALPHAGEN RELATIVE VALUE AGRICU 41 BTG PACTUAL ABSOLUTO GLOBAL EQ 26
BAY RESOURCES PARTNERS OFFSHOR 29
ALPHAGEN RIGEL FUND LTD 26 BTG PACTUAL GLOBAL EM. MKTS AN 43
4 BCM WESTON LP (BILLINGS CAPITA 29
ALPHANATICS FUND 54 BTG PACTUAL RATES FUND LP 37
BEACH POINT TOTAL RETURN OFFSH 17
400 CAPITAL CREDIT OPPORTUNITI 17 ALPHAQUEST ORIGINAL PROGRAM (A 47 BW GLOBAL ENHANCED ABSOLUTE RE 43
BG UMBRELLA FUND PLC 35
ALTIS GLOBAL TREND PORTFOLIO 47
BH-DG SYSTEMATIC TRADING FUND 47
A AMAZON MARKET NEUTRAL FUND CLA 52 C
BLACK DIAMOND CREDIT STRATEGIE 20
ANAVON MASTER FUND LTD CLASS - 26
AAM ABSOLUTE RETURN FUND 26 BLACK DIAMOND RELATIVE VALUE L 52 CAIRN SPECIAL OPPORTUNITIES CR 14
ANDURAND COMMODITIES FUND 41
ABACO FINANCIALS FUND 31 BLACK DIAMOND, LTD - CLASS B ( 58 CAIRN STRATA CREDIT FUND 57
ANTARES EUROPEAN FUND, LTD - U 23
ABOUT CAPITAL ASIAN SPECIAL OP 22 BLACKROCK EOS CLASS B USD COM 54 CAIUS CAPITAL MASTER FUND 20
AQS EMERGING MARKETS CORPORATE 13
ABSOLUTE INSIGHT CREDIT FUND B 13 BLACKROCK MULTI-STRATEGY FUND 58 CAMPBELL OFFSHORE FUND LIMITED 48
AQS MENA FUND 23
ABSOLUTE INSIGHT EMERGING MARK 13 BLACKROCK 32 CAPITAL MASTER FU 54 CAMPBELL OFFSHORE FUND LIMITED 48
AQS SPC - EUROPEAN ALPHA FUND 23
ABSOLUTE INSIGHT EQUITY MKT NE 52 BLACKROCK CAPITAL STRUCTURE IN 58 CANTAB CAPITAL PARTNERS QUANTI 48
AQUILUS INFLECTION FUND LTD E 24
ADELPHI EUR. FUND $ (A) 23 BLACKROCK EUROPEAN DIVERSIFIED 53 CANYON BALANCED FUND LTD 57
ARCTIC BLUE ORIGINAL 2X 41
ADRIGO HEDGE 23 BLACKROCK FIXED INCOME GLOBAL 37 CANYON VALUE REALIZATION FD, L 20
ARISTEIA INTERNATIONAL LTD 15
ADVENT GLOBAL PARTNERS 12 BLACKROCK OBSIDIAN FUND 37 CAPEVIEW AZRI 2X FUND 24
ARROWGRASS MASTER FUND 58
AG MORTGAGE VALUE PARTNERS LTD 15 BLACKROCK PAN ASIA OPPORTUNITI 53 CAPEVIEW AZRI FUND 24
ASCEND PARTNERS FUND LTD - A 29
AG REAL ESTATE DEBT INVESTMENT 17 BLACKROCK UK EMERGING COMPANIE 28 CAPITAL FOUR CREDIT OPPORTUNIT 14
ASGARD FIXED INCOME FUND LTD 15
AG SUPER FUND INTERNATIONAL, L 34 BLACKROCK UK EQUITY HEDGE FUND 28 CAPULA GLOBAL RELATIVE VALUE F 37
ASPECT DIVERSIFIED FUND - CLAS 47
AGORA FUND LTD 53 BLUEBAY CREDIT ALPHA LONG SHOR 15 CARMIGNAC PORTFOLIO LONG-SHORT 24
ASTIGNES ASIA RATES MASTER FUN 42
AHL EVOLUTION 47 BLUEBAY EVENT DRIVEN CREDIT FU 34 CASSIOPEIA FUND CLASS B 61
ATLAS ENHANCED FUND LTD 58
AHL ALPHA 47 BLUEBAY GLOBAL SOVEREIGN OPPOR 43 CASSIOPEIA UCITS FUND CLASS B 61
ATLAS FUNDAMENTAL TRADING FUND 26
AHL DIMENSION 47 BLUEMOUNTAIN CREDIT ALTERNATIV 57 CAXTON GLOBAL INVESTMENT LTD 43
ATLAS GLOBAL INVESTMENTS LTD U 58
AHL DIVERSIFIED 47 BLUEMOUNTAIN GLOBAL VOLATILITY 61 CENTRICUS WITTENBERG EUROPEAN 31
AVIVA INVESTOR MULTI-STRATEGY 43
AKAMATSU FUND 28 BOOTHBAY ABSOLUTE RETURN STRAT 58 CERBERUS INTL. LTD CLASS A A/ 20
AXONIC CREDIT OPPORTUNITIES OV 15
ALEGRA ABS I FUND (EUR) 13 BORONIA DIVERSIFIED FUND MASTE 47 CFM ISDIVERSIFIED FUND LP 58
AXONIC SYSTEMATIC ARBITRAGE OV 37
ALGEBRIS GLOBAL FINANCIALS FUN 31 BOUSSARD & GAVAUDAN HOLDING LT 58 CHENAVARI MULTI STRATEGY CREDI 57
ALGEBRIS MACRO CREDIT FUND (UC 15 BREVAN HOWARD ASIA FUND LIMITE 42 CHENAVARI TORO LIMITED 14
ALKEN CAPITAL ONE CLASS J 23 BREVAN HOWARD FUND, LTD - USD 43 CLAREANT GLOBAL SPECIAL SITUAT 15
Source - HSBC
CLAREANT STRUCTURED CREDIT OPP 15 ECOFIN VISTA LONG SHORT FUND 26 GREYWOLF CAPITAL OVERSEAS FUND 36
COHERENCE CAPITAL SPECTRUM FUN 15 EDL GLOBAL OPPORTUNITIES FUND 44 G GSA INTERNATIONAL FUND - CLASS 54
CONTRARIAN CAPITAL FUND I OFFS 20 ELECTRON GLOBAL FUND, L.P. 33 GSA TREND FUND 49
GABELLI ASSOCIATES LIMITED 56
CONTRARIAN EMERGING MARKETS OF 13 ELLINGTON CREDIT OPPORTUNITIES 15
GALTON MORTGAGE STRATEGIES OFF 17
COOPER CREEK PARTNERS LLC 32 ELLINGTON MORTGAGE OPPORTUNITI 16 H
GAM DIVERSITY I INC - US$ CLAS 39
CORRE OPPORTUNITIES QUALIFIED 35 ELM RIDGE CAPITAL PARTNERS L.P 29
GAM GLOBAL RATES HEDGE FUND 44 HABROK INDIA FUND LTD A USD RE 32
CORTO EUROPEAN FUND LTD 24 EPISODE INC. CLASS A 44
GAM TALENTUM ENHANCED EUROPE L 53 HALCYON SOLUTIONS FUND LTD 59
COVALIS CAPITAL CLASS B 24 EQUILIBRIA JAPAN FUND LTD 1X U 52
GAM TRADING II USD 39 HARBOUR HOLDINGS LTD 32
CQS ABS FEEDER FUND - CLASS -B 15 EQUILIBRIA JAPAN FUND LTD 2X ( 52
GAVEA FUND LTD . CLASS A S/1 42 HARVEY PARTNERS LLC 32
CQS DIRECTIONAL OPP. FEEDER FU 58 EQUITILE RESILIENCE FEEDER FUN 40
GCA CREDIT OPPORTUNITIES MASTE 17 HIGHER MOMENT AURORA FUND LP 46
CQS DIVERSIFIED FUND (SPC) LTD 59 EXANE ARCHIMEDES FUND CLASS A 33
GEMS PROGR. FUND SICAV RECOVER 38 HIGHER MOMENT CAPITAL OPPORTUN 46
CQS GLOBAL CONVERTIBLE ARBITRA 12 EXANE TEMPLIERS FUND 26
GEMSSTOCK FUND - B1 USD 44 HINOKI FUND LP 29
CRABEL FUND SPC LTD CLASS A - 48
GIM PORTFOLIO STRATEGIES – EUR 24 HORIZON GROWTH FUND 26
CYGNUS EUROPA EVENT DRIVEN FUN 35 F
GLAZER ENHANCED OFFSHORE FUND 56 HORSEMAN GLOBAL FUND USD 26
CYGNUS UTILITIES, INFRASTRUCTU 33
FARRINGDON ALPHA ONE 26 GLENVIEW CAPITAL PARTNERS (CAY 29 HSBC GH FUND USD 39
FIM EM FRONTIER FUND 23 GLG CROSS ASSET VALUE OFFSHORE 14 HSBC MAA FUND USD 38
D
FINISTERRE CREDIT FUND 13 GLG EUROPEAN EQUITY ALTERNATIV 53 HSBC SPECIAL OPPORTUNITIES FUN 38
DAVIDSON KEMPNER DIST. OPP. IN 20 FINISTERRE GLOBAL OPPORTUNITY 42 GLG EUROPEAN LONG SHORT FUND C 24 HSBC TRADING ADVANTEDGE FUND 39
DAVIDSON KEMPNER INTL (BVI) LT 35 FIREBIRD AVRORA FUND LTD 23 GOLDEN CHINA FUND NR CLASS 22 HSBC UCITS ADVANTEDGE FUND - U 39
DB PLATINUM IV DBX SYSTEMATIC 48 FIREBIRD FUND, LP 28 GOLDMAN SACHS FUNDS II - GLOBA 39 HUDSON BAY INTERNATIONAL FUND 54
DG MACRO FUND LTD 44 FIREBIRD REPUBLICS FUND, LTD 23 GRAHAM ABSOLUTE RETURN TRADING 44 HUDSON COVE CREDIT OPPORTUNITY 18
DIAMOND NEUTRAL FUND CLASS A1 39 FJ CAPITAL FINANCIAL OPPORTUNI 29 GRAHAM GIF II PROPRIETARY MATR 49
DISCUS FEEDER LTD CL. B USD ST 48 FLORIN COURT CAPITAL 48 GRAHAM GLOBAL INVESTMENT FUND 49 I
DORSET ENERGY FUND, LTD - CLAS 30 FORT GLOBAL CONTRARIAN 48 GRAHAM GLOBAL INVESTMENT FUND 44
III FUND LTD 37
DOUBLE BLACK DIAMOND LTD - SER 59 FORT GLOBAL DIVERSIFIED 48 GRAHAM GLOBAL INVESTMENT FUND 49
III RELATIVE VALUE CREDIT STRA 16
DUNN WMA FUND SA 48 FORT GLOBAL UCITS CONTRARIAN 48 GRAHAM GLOBAL INVESTMENT FUND 49
III SELECT CREDIT FUND LTD CLA 16
DUNN WMA INSTITUTIONAL UCITS F 48 FORT GLOBAL UCITS DIVERSIFIED 48 GRAHAM GLOBAL INVESTMENT FUND 49
INFLECTION POINT INVESTMENTS C 33
DYMON ASIA MACRO FUND - CLASS 41 FULCRUM MULTI ASSET TREND FUND 49 GRAHAM GLOBAL INVESTMENT FUND- 44
IP ALL SEASONS ASIAN CREDIT FU 13
FULCRUM MULTI ASSET VOLATILITY 61 GRATICULE ASIA MACRO FUND 42
IPM SYSTEMATIC CURRENCY FUND 41
E GREEN FUND LLC - CLASS I 42
IPM SYSTEMATIC MACRO FUND 46
GREENLIGHT CAPITAL OFFSHORE, L 29
ECF VALUE FUND INTERNATIONAL L 35 IRONSHIELD SPECIAL SITUATIONS 34
GRESHAM QUANT ACAR FUND 49
Source - HSBC
ISAM SYSTEMATIC TREND FUND CLA 49 LANSDOWNE DEVELOPED MARKETS LO 40 MARSHALL WACE - EUROPA FUND A 25
IVORY CAPITAL FLAGSHIP STRATEG 29 LANSDOWNE DEVELOPED MARKETS ST 27 MARSHALL WACE - MW TOPS FUND 25 N
IVORY OPTIMAL FUND LTD 29 LANSDOWNE ENERGY DYNAMICS FUND 30 MARSHALL WACE - MW EUREKA A1 27
NAPIER PARK ABS INCOME FUND LP 18
LANSDOWNE EUROPEAN EQUITY FD, 24 MARSHALL WACE - MW GLOBAL FINA 31
NAPIER PARK EUROPEAN CREDIT OP 14
J LANSDOWNE EUROPEAN LONG ONLY F 40 MARSHALL WACE - MW GLOBAL OPPO 27
NEUBERGER BERMAN US LONG SHORT 30
LANSDOWNE PRINCAY FUND 24 MARSHALL WACE - MW LIQUID ALPH 54
JABCAP EMEA FUND CLASS X1 23 NORTHLIGHT EUROPEAN FUNDAMENTA 14
LAZARD RATHMORE STRATEGY 12 MARSHALL WACE - MW MARKET NEUT 52
JABCAP GLOBAL BALANCED FUND LT 59 NUMEN CREDIT OPPORTUNITIES FUN 57
LC EQUITY FUND LTD 24 MASTERS FUND LTD MAGNOLIA SERI 38
JABCAP GLOBAL CONVERTIBLE FUND 12
LEGG MASON MARTIN CURRIE EUROP 24 MAVERICK FUND LTD - CLASS A/1 27
JABCAP MULTI STRATEGY FUND LTD 59 O
LIM ASIA MULTI-STRATEGY FUND C 54 MAVERICK FUNDAMENTAL QUANT LTD 27
JENOP GLOBAL HEALTHCARE FUND L 31
LIM JAPAN FUND 60 MAVERICK FUNDAMENTAL QUANT NEU 54 OBSERVATORY CREDIT MARKETS FUN 14
JL EQUITY MARKET NEUTRAL 54
LINDEN INTERNATIONAL LTD 59 MAX GIANT MACRO FUND 42 OCCO EASTERN EUROPEAN FUND A S 23
JLP CREDIT OPPORTUNITY FUND 21
LMR FUND LTD 59 MEDALIST PARTNERS HARVEST FUND 16 OCEANIC HEDGE FUND - CLASS A 22
JLP INSTITUTIONAL CREDIT FUND 18
LTS GLOBAL EMERGING MARKETS FU 13 MEMNON MARKET NEUTRAL FUND 53 OCEANWIDE CHINA FOCUS SEGREGAT 22
JPMORGAN INVESTMENT GLOBAL MAC 44
LUCERNE CAPITAL FUND L.P. 24 MERCHANT COMMODITY FUND (THE) 41 OCP DEBT OPPORTUNITY INTERNATI 20
LYNX (BERMUDA) LTD 50 MIDOCEAN ABSOLUTE RETURN CREDI 18 OCTAGON HIGH INCOME FUND 18
K
LYNX BERMUDA 1.5 LTD 50 MIDOCEAN CREDIT OPPORTUNITY FU 18 ODEY EUROPEAN, INC (EUR) 25
KAWA FUND 57 MILL HILL CREDIT OPPORTUNITIES 18 OMNI EVENT FUND LIMITED 36
KEYNES DYNAMIC BETA STRATEGY F 49 M MILLBURN COMMODITY PROGRAM 41 ONE RIVER SYSTEMATIC TREND SP 50
KEYNES LEVERAGED QUANTITATIVE 49 MILLBURN DIVERSIFIED PROGRAM 50 ONE WILLIAM STREET CAPITAL FUN 16
M. KINGDON OFFSHORE NV - A/1 27
KEYNES MULTI ASSET VALUE FUND 49 MILLENNIUM INTL LTD 59 ORTUS AGGRESSIVE FUND (CAYMAN) 47
MACQUARIE ASIAN ALPHA FUND 53
KEYNES MULTI ASSET VALUE FUND 50 MKP ENHANCED OPPORTUNITY OFFSH 44 OWL CREEK OVERSEAS FUND, LTD 36
MACQUARIE EUROPEAN ALPHA FUND 53
KG INVESTMENT FUND LLC 36 MKP OPPORTUNITY OFFSHORE, LTD 44 OWS CREDIT OPPORTUNITY FUND 20
MADRAGUE EQUITY LONG SHORT 24
KINSALE COMPASS FUND 26 MLIS - MARSHALL W. TOPS UCITS 52 OYSTER FLEXIBLE CREDIT FUND R 14
MAN GLG GLOBAL CREDIT MULTI ST 59
KITE LAKE (KL) SPECIAL OPPORTU 36 MLM MACRO PEAK PARTNERS OFFSH 44
MAN GLG MULTI-STRATEGY CLASS A 59
KLS DIVERSIFIED FUND LTD 19 MOAB PARTNERS OFFSHORE FUND LT 36 P
MAN GLG MULTI-STRATEGY FUND CL 59
KO-ZHOU FUNDAMENTAL FX FUND 42 MONARCH DEBT RECOVERY FUND LTD 20
MANDARIN OFFSHORE FUND LTD P-U 22 PALOMA INTERNATIONAL LTD CLASS 59
MONEDA LATIN AMERICAN CORPORAT 13
MARATHON VERTEX JAPAN FUND LTD 28 PAMPLONA CREDIT OPPORTUNITIES 14
L MOORE GLOBAL INV FD, LTD - A $ 44
MARCATO ENCORE INTERNATIONAL L 34 PARADIGM CAPITAL VALUE FUND SI 25
MOORE MACRO MANAGERS FUND, LTD 45
L1 CAPITAL LONG SHORT FUND 22 MARCATO INTERNATIONAL LTD 34 PARETO NORDIC ALPHA CLASS B - 25
MS ASCEND UCITS FUND CLASS I E 27
LANSDOWNE DEVELOPED MARKET FUN 26 MARKHAM RAE DISCRETIONARY MACR 45 PARUS FUND PLC USD CLASS 27
MUDRICK DISTRESSED OPPORTUNITY 20
LANSDOWNE DEVELOPED MARKET FUN 27 MARLIN FUND LP 29 PASSPORT SPECIAL OPPORTUNITIES 27
Source - HSBC
PELHAM GLOBAL FINANCIALS FUND 31 SERONE KEY OPPORTUNITIES FUND 14 THE CAMBRIDGE STRATEGY - EMERG 42
PELHAM LONG/SHORT FUND LTD CLA 25 R SIERRA EUROPE OFFSHORE, LTD - 25 THREADNEEDLE UK ABSOLUTE ALPHA 28
PELHAM LONG/SHORT SMALL CAP FU 31 SMN DIVERSIFIED FUTURES FUND 50 TIG ARBITRAGE ENHANCED FUND 35
REDWOOD OFFSHORE FUND 21
PERCEPTIVE LIFE SCIENCES OFFSH 32 SOLUS SOLA LTD CL. I 20 TIG SECURITIZED ASSET FUND LTD 17
RENAISSANCE INSTITUTIONAL DIVE 53
PERSHING SQUARE INTL.LTD 36 SOLUS SOLA LTD CL. I N2 21 TIG SUNRISE FUND 17
RENAISSANCE INSTITUTIONAL EQUI 30
PHALANX JAPAN AUSTRALASIA MULT 57 SOUND POINT BEACON OFFSHORE FU 21 TILDEN PARK OFFSHORE INVESTMEN 18
ROY G. NIEDERHOFFER DIVERSIFIE 50
PHARO AFRICA FUND LTD 42 SOUND POINT CREDIT OPPORTUNITI 18 TM FULCRUM DIVERSIFIED ABSOLUT 45
RP DEBT OPPORTUNITIES FUND 16
PHARO GAIA FUND, LTD 43 SPF CREDIT SUISSE SECURITIZED 16 TOLOMEO SQUAREPOINT FUND - GLO 55
RP SELECT OPPORTUNITIES FUND 16
PHARO MACRO FUND, LTD 45 SPINNAKER GLOB OPP FUND, LTD C 43 TONGA PARTNERS LP 32
RQSI GLOBAL ASSET ALLOCATION 50
PHARO TRADING FUND, LTD 43 SPINNAKER GLOBAL EMERGING MARK 43 TOSCA CLASS A - USD 31
RUBICON GLOBAL FUND, LTD 45
PIMCO ABSOLUTE RETURN STRATEGY 45 SPM CORE FUND 18 TOSCA PEGASUS FUND LIMITED SHA 29
RUSSIAN PROSPERITY FUND - A 40
PIMCO GLOBAL CREDIT OPPORTUNIT 16 SPX SEGREGATED PORTFOLIO EAGLE 45 TRIAN PARTNERS LTD 36
RV CAPITAL ASIA OPPORTUNITY FU 42
PIMCO MULTI-ASSET VOLATILITY F 61 SR GLOBAL FUND (CLASS N) EMERG 23 TRIAS L/S FUND 25
RWC PENSATO EUROPA FUND LTD EU 25
PIMCO TACTICAL OPPORTUNITIES F 16 SR GLOBAL FUND C - INTERNATION 27 TRICADIA CREDIT STRATEGIES, LT 17
RWC US ABSOLUTE ALPHA FUND - C 30
PINPOINT CHINA FUND CLASS A US 22 SR GLOBAL FUND H - JAPAN (REAL 28 TRISTAN PARTNERS LP 32
PINPOINT MULTI-STRATEGY FUND 59 SR GLOBAL FUND INC - G - GLOBA 28 TRITON VALUE FUND - B1 35
S
PLATINUM FUND LTD 27 SR GLOBAL FUND M - FRONTIER 23 TRIUM BLACKWALL EUROPE L/S FUN 25
POLAR CAPITAL EUROPEAN FORAGER 32 SAGIL LATIN AMERICAN OPPORTUNI 23 STANDARD LIFE GLOBAL FOCUSED S 45 TRIUM OPPORTUNISTIC EQUITY FUN 28
PORTLAND HILL FUND SICAV - CAT 35 SANDLER PLUS OFFSHORE FUND LTD 30 STRATEGIC VALUE RESTRUCTURING 21 TT EVENT DRIVEN FUND 35
PORTLAND HILL OVERSEAS FUND LT 35 SCHRODER CAZENOVE UK ABSOLUTE 52 STRATUS FUND LIMITED CLASS B 59 TT INTERNATIONAL FUND 45
PRIVATE ADVISORS HEDGED EQUITY 38 SCHRODER GAIA BLUETREND USD C 50 SVM FUNDS ICVC - UK OPPORTUNIT 28 TT MID-CAP EUROPE LONG/SHORT F 25
PRIVATE ADVISORS UNDISCOVERED 38 SCHRODER GAIA EGERTON EQUITY - 27 SYSTEMATICA ALTERNATIVE MARKET 50 TUDOR B.V.I GLOBAL FUND LTD -A 45
PSAM REBOUND PORTFOLIO FUND LT 20 SCHRODER GAIA INDUS PACIFICHOI 22 SYSTEMATICA BLUEMATRIX FUND CL 55 TULIP TREND FUND, LTD - A 51
PSAM WORLDARB MASTER FUND LTD 36 SCHRODER GAIA SIRIOS US EQUITY 30 SYSTEMATICA BLUETREND FUND, LT 51 TWIN OFFSHORE FUND LTD 36
PWP GLOBAL MACRO FUND 45 SCHRODER ISF EMERGING MARKET D 43 SYSTEMATICA SYNERGY FUND LTD 60
SECOR ALPHA MASTER FUND LP 46 U
Q SEER CAPITAL PARTNERS OFFSHORE 16 T
UMJ KOTOSHIRO FUND 28
SEGANTII ASIA-PACIFIC EQUITY M 57
QMS DIVERSIFIED GLOBAL MACRO 50 TALOMON VALUE FUND 32
SELIGMAN TECH SPECTRUM FUND CL 33
QUANTEDGE GLOBAL FUND 46 TELLIGENT GREATER CHINA FUND 22 V
SELWOOD LIQUID CREDIT STRATEGY 16
QUANTICA MANAGED FUTURES UCITS 50 TEWKSBURY INVESTMENT FUND, LTD 51
SEMINOLE OFFSHORE FUND 30 VARDEN PACIFIC OPPORTUNITY OFF 17
THE ARGO FUND 57
SENVEST PARTNERS, LTD - CLASS 32 VAZIRANI OFFSHORE LTD 34
THE CAMBRIDGE STRATEGY - ASIAN 41
Source - HSBC
VERITION MULTI-STRATEGY FUND C 60
VR GLOBAL OFFSHORE FUND LTD 21
W
WB OPPORTUNITIES FUND 14
WEISS MULTI-STRATEGY PARTNERS 60
WELLINGTON MANAGEMENT INV BERM 31
WELTON GLOBAL 51
WESTFIELD FUND (CAYMAN) LTD 17
WESTRAY LONG/SHORT FEEDER FUND 25
WEXFORD OFFSHORE CATALYST FUND 60
WEXFORD OFFSHORE CREDIT OPPORT 18
WEXFORD OFFSHORE SPECTRUM FUND 60
WHITEBOX MULTI-STRATEGY FUND 36
WINTON EVOLUTION FUND 51
WINTON FUND 51
WYETREE EUROPEAN RECOVERY FUND 14
WYETREE NORTH AMERICAN ABS FUN 18
WYETREE RESIDENTIAL REAL ESTAT 17
Z
ZAIS OPPORTUNITY FUND LTD SERI 19
ZEAL CHINA FUND LTD - USD -NI 22
ZWEIG-DIMENNA INTL LIMITED - C 30
Source - HSBC
Top Bottom
Investment Funds Return Date Investment Funds Return Date
ALPHAQUEST ORIGINAL PROGRAM (AQO) 21.89 25 May 18 GREENLIGHT CAPITAL OFFSHORE, LTD - A/1 -14.57 30 Apr 18
AAM ABSOLUTE RETURN FUND 19.47 25 May 18 VAZIRANI OFFSHORE LTD -14.06 30 Apr 18
ODEY EUROPEAN, INC (EUR) 18.46 14 May 18 HABROK INDIA FUND LTD A USD RESTRICTED -13.63 30 Apr 18
LANSDOWNE ENERGY DYNAMICS FUND 11.81 25 May 18 CANTAB CAPITAL PARTNERS QUANTITATIVE FUND -13.10 25 May 18
(THE) - USD ARISTARCHUS
CAPEVIEW AZRI 2X FUND 11.56 25 May 18
ALTIS GLOBAL TREND PORTFOLIO -12.03 30 Apr 18
BORONIA DIVERSIFIED FUND MASTER 11.27 30 May 18
TWIN OFFSHORE FUND LTD -11.66 15 May 18
MAVERICK FUNDAMENTAL QUANT NEUTRAL LTD 11.26 31 Mar 18
PASSPORT SPECIAL OPPORTUNITIES FUND LTD CLASS -11.30 28 Feb 18
PERCEPTIVE LIFE SCIENCES OFFSHORE FUND LTD 11.03 25 May 18 AA
EQUITILE RESILIENCE FEEDER FUND CLASS C HEDGED 10.97 29 May 18 RQSI GLOBAL ASSET ALLOCATION -10.50 30 Apr 18
GROSS ACCOUNT
TULIP TREND FUND, LTD - A -10.33 25 May 18
IPM SYSTEMATIC CURRENCY FUND 9.56 30 Apr 18
SMN DIVERSIFIED FUTURES FUND -10.18 25 May 18
WESTFIELD FUND (CAYMAN) LTD 9.52 30 Apr 18
ONE RIVER SYSTEMATIC TREND SP -9.58 30 Apr 18
TOSCA CLASS A - USD 9.48 30 Apr 18
MARCATO ENCORE INTERNATIONAL LTD -9.36 15 May 18
PINPOINT MULTI-STRATEGY FUND 8.94 15 May 18
WELTON GLOBAL -8.54 29 May 18
SPX SEGREGATED PORTFOLIO EAGLE 8.82 30 Apr 18
EQUILIBRIA JAPAN FUND LTD 2X (USD) -8.39 25 May 18
RWC PENSATO EUROPA FUND LTD EURO CLASS 8.48 30 Apr 18
MARCATO INTERNATIONAL LTD -8.15 15 May 18
M. KINGDON OFFSHORE NV - A/1 8.06 18 May 18
CAMPBELL OFFSHORE FUND LIMITED SPC - CAMPBELL -7.92 29 May 18
SENVEST PARTNERS, LTD - CLASS A 8.04 30 Apr 18 MANAGED FUTURES CLASS A
MILLBURN COMMODITY PROGRAM 7.51 30 May 18 ISAM SYSTEMATIC TREND FUND CLASS Q -7.86 31 Mar 18
AQS MENA FUND 7.44 31 Mar 18 KEYNES MULTI ASSET VALUE FUND LTD (KMAV) - USD -7.71 25 May 18
VARDEN PACIFIC OPPORTUNITY OFFSHORE FUND I LTD 7.43 30 Apr 18 SERIES 2
JABCAP MULTI STRATEGY FUND LTD CLASS D/1 NI -7.67 15 May 18
ZEAL CHINA FUND LTD - USD -NI -7.54 25 May 18
This ranking is for information only and should not be considered as exhaustive.
Source - HSBC
Top Bottom
HABROK INDIA FUND LTD A USD RESTRICTED 77.56 31 Dec 17 DORSET ENERGY FUND, LTD - CLASS A -39.48 31 Dec 17
ALKEN CAPITAL ONE CLASS J 61.82 31 Dec 17 RUBICON GLOBAL FUND, LTD -34.85 31 Dec 17
GOLDEN CHINA FUND NR CLASS 52.11 31 Dec 17 ELM RIDGE CAPITAL PARTNERS L.P. -23.46 31 Dec 17
TELLIGENT GREATER CHINA FUND 46.97 31 Dec 17 ODEY EUROPEAN, INC (EUR) -21.72 31 Dec 17
PERCEPTIVE LIFE SCIENCES OFFSHORE FUND LTD 43.43 31 Dec 17 BORONIA DIVERSIFIED FUND MASTER -14.84 31 Dec 17
OCEANWIDE CHINA FOCUS SEGREGATED PORTFOLIO 42.65 31 Dec 17 MARKHAM RAE DISCRETIONARY MACRO FUND -13.84 31 Dec 17
PELHAM LONG/SHORT SMALL CAP FUND LTD 39.45 31 Dec 17 ROY G. NIEDERHOFFER DIVERSIFIED OFFSHORE FUND -13.70 31 Dec 17
QUANTEDGE GLOBAL FUND 38.35 31 Dec 17 FARRINGDON ALPHA ONE -13.65 31 Dec 17
PINPOINT CHINA FUND CLASS A USD 35.88 31 Dec 17 CAXTON GLOBAL INVESTMENT LTD -13.17 31 Dec 17
MANDARIN OFFSHORE FUND LTD P-USD SHARE CLASS 35.01 31 Dec 17 ALPHAQUEST ORIGINAL PROGRAM (AQO) -12.95 31 Dec 17
SR GLOBAL FUND (CLASS N) EMERGING MARKET 34.82 31 Dec 17 ALTIS GLOBAL TREND PORTFOLIO -12.86 31 Dec 17
EQUITY
BLACKROCK PAN ASIA OPPORTUNITIES FUND LTD -12.57 31 Dec 17
CAIUS CAPITAL MASTER FUND 32.63 31 Dec 17 CLASS B
CERBERUS INTL. LTD CLASS A A/C 191 32.45 31 Dec 17 ARCTIC BLUE ORIGINAL 2X -12.47 31 Dec 17
ZEAL CHINA FUND LTD - USD -NI 32.13 31 Dec 17 MERCHANT COMMODITY FUND (THE) - COMPOSITE -11.60 31 Dec 17
SR GLOBAL FUND INC - G - GLOBAL OPPORTUNITIES 31.88 31 Dec 17 GRAHAM GLOBAL INVESTMENT FUND II - -10.28 31 Dec 17
PTF (REAL PERF) DISCRETIONARY ENHANCED VOL -CLASS - B -
INFLECTION POINT INVESTMENTS CO LTD - CLASS A 30.96 31 Dec 17 WEXFORD OFFSHORE CREDIT OPPORTUNITIES FUND -8.44 31 Dec 17
CANTAB CAPITAL PARTNERS QUANTITATIVE FUND 30.96 31 Dec 17 QMS DIVERSIFIED GLOBAL MACRO -8.16 31 Dec 17
(THE) - USD ARISTARCHUS
JL EQUITY MARKET NEUTRAL -7.98 31 Dec 17
KG INVESTMENT FUND LLC 30.70 31 Dec 17
DYMON ASIA MACRO FUND - CLASS X -7.79 31 Dec 17
ABOUT CAPITAL ASIAN SPECIAL OPPORTUNITIES FUND 30.70 31 Dec 17
LYNX BERMUDA 1.5 LTD -7.05 31 Dec 17
CLASS A
MAVERICK FUNDAMENTAL QUANT NEUTRAL LTD 30.68 31 Dec 17
Source - HSBC
Top Bottom
DORSET ENERGY FUND, LTD - CLASS A 65.50 31 Dec 16 ODEY EUROPEAN, INC (EUR) -49.52 31 Dec 16
RUSSIAN PROSPERITY FUND - A 58.66 31 Dec 16 AMAZON MARKET NEUTRAL FUND CLASS A USD -29.98 31 Dec 16
JLP CREDIT OPPORTUNITY FUND 56.41 31 Dec 16 PASSPORT SPECIAL OPPORTUNITIES FUND LTD CLASS -26.42 31 Dec 16
AA
THE ARGO FUND 52.30 31 Dec 16
HORSEMAN GLOBAL FUND USD -24.03 31 Dec 16
WESTFIELD FUND (CAYMAN) LTD 50.78 31 Dec 16
PARUS FUND PLC USD CLASS -18.57 31 Dec 16
FIREBIRD FUND, LP 41.79 31 Dec 16
ZWEIG-DIMENNA INTL LIMITED - CLASS A -17.89 31 Dec 16
MUDRICK DISTRESSED OPPORTUNITY FUND LTD 38.90 31 Dec 16
ALTIS GLOBAL TREND PORTFOLIO -17.27 31 Dec 16
FJ CAPITAL FINANCIAL OPPORTUNITY FUND LTD 37.01 31 Dec 16
OCEANIC HEDGE FUND - CLASS A -17.10 31 Dec 16
WEXFORD OFFSHORE CREDIT OPPORTUNITIES FUND 36.58 31 Dec 16
GAM TALENTUM ENHANCED EUROPE LONG/SHORT - A - -16.78 31 Dec 16
BCM WESTON LP (BILLINGS CAPITAL MANAGEMENT) 33.66 31 Dec 16
CAPEVIEW AZRI 2X FUND -15.83 31 Dec 16
WEXFORD OFFSHORE CATALYST FUND LTD 33.62 31 Dec 16
LANSDOWNE DEVELOPED MARKET FUND, LTD (GBP) -15.22 31 Dec 16
VARDEN PACIFIC OPPORTUNITY OFFSHORE FUND I LTD 33.15 31 Dec 16 NNI
ABOUT CAPITAL ASIAN SPECIAL OPPORTUNITIES FUND 31.77 31 Dec 16 LANSDOWNE DEVELOPED MARKET FUND, LTD A USD -14.87 31 Dec 16
CLASS A
ANTARES EUROPEAN FUND, LTD - USD -14.79 31 Dec 16
CORRE OPPORTUNITIES QUALIFIED MASTER FUND LP 31.09 31 Dec 16
ALKEN CAPITAL ONE CLASS J -14.25 31 Dec 16
TRISTAN PARTNERS LP 30.88 31 Dec 16
JENOP GLOBAL HEALTHCARE FUND LTD SERIES A -13.88 31 Dec 16
CQS DIRECTIONAL OPP. FEEDER FUND. LTD – A NI USD 30.48 31 Dec 16
SCHRODER GAIA BLUETREND USD C ACC -13.67 31 Dec 16
ECF VALUE FUND INTERNATIONAL LTD 30.37 31 Dec 16
TELLIGENT GREATER CHINA FUND -13.19 31 Dec 16
L1 CAPITAL LONG SHORT FUND 29.63 31 Dec 16
GRAHAM GLOBAL INVESTMENT FUND II - K4D-15V - -13.16 31 Dec 16
SAGIL LATIN AMERICAN OPPORTUNITIES FUND CLASS 28.51 31 Dec 16 COMPOSITE
A
GREYWOLF CAPITAL OVERSEAS FUND -13.02 31 Dec 16
MARLIN FUND LP 26.96 31 Dec 16
BLACKROCK 32 CAPITAL MASTER FUND SPC, LTD (THE) -12.83 31 Dec 16
- B/1
Source - HSBC
Inception Liquidity Asset Last NAV Date MTD YTD 2017 2016 2015 2014 2013 Ann. Ann. Max
Date Size or Index Return Volatility Drawdown1
Convertible
Ytd Avg. 2018 0.30%
Ytd Avg. 2018
Convertible/Global 0.30%
ADVENT GLOBAL PARTNERS 30 Sep 96 Q $296M 424.75 25 May 18 (0.58%) (0.04%) 2.88% 4.32% 3.94% -1.54% 10.51% 6.90% 6.48% (27.58%)
Advent Capital Management Dec 17 Oct 07 - Nov 08
BASSO INVESTORS LTD 30 Sep 95 Q $209M 7,958.19 25 May 18 (0.65%) (0.14%) 1.4% 6.71% 2.11% 1.95% 11.45% 9.58% 5.55% (25.00%)
Howard Fischer Feb 18 Dec 07 - Oct 08
CQS GLOBAL CONVERTIBLE 30 Jun 14 M $419M 1,161.64 25 May 18 (0.92%) (0.14%) 3.74% 5.2% 7.54% -0.88% 3.91% 2.70% (1.93%)
ARBITRAGE MASTER FUND LTD Apr 18 Feb 18 - May 18
CQS (UK) LLP, Alex Schoenenberger
JABCAP GLOBAL CONVERTIBLE 30 Apr 07 W $202M 230.81 22 May 18 2.28% 1.79% 12.66% -0.18% 0.25% 4.13% 27.15% 7.85% 11.53% (28.61%)
FUND - D1 UNRESTRICTED May 18 May 08 - Nov 08
Philippe Jabre
LAZARD RATHMORE STRATEGY 31 May 07 Q/M $712M 242.60 30 Apr 18 0.09% 0.05% 9% 5.84% -3.08% -0.89% 12.79% 8.45% 7.26% (16.25%)
Sean Reynolds Dec 17 Aug 08 - Nov 08
1. Max Drawdown: Peak to trough.

Source - HSBC
Credit
Ytd Avg. 2018 2.09%
Ytd Avg. 2018
Credit/Emerging 0.83%
ABSOLUTE INSIGHT EMERGING 30 Apr 08 D €825M 1.41 30 May 18 (1.96%) (3.06%) 4.27% -0.24% -4.3% 2.42% -0.64% 3.50% 6.34% (15.32%)
MARKET DEBT FUND CLASS B1P Apr 18 May 08 - Oct 08
Colm McDonagh
AQS EMERGING MARKETS 31 Dec 14 M $269M 128.97 30 Apr 18 (0.68%) (0.27%) 15.27% 13.68% -1.31% - 7.93% 6.17% (11.84%)
CORPORATE DEBT TOTAL Apr 18 May 15 - Jan 16
RETURN
Aventicum Capital Management (UK)
LLP
BAF LATAM TRADE FINANCE FUND 29 Feb 08 M $715M 2,214.72 30 Apr 18 0.43% 1.56% 5.04% 6.16% 7.2% 7.76% 8.09% 8.13% 0.61% 0.00%
Ernesto Lienhard & team. Apr 18 Jan 00 - Jan 00
CONTRARIAN EMERGING 31 Dec 05 Q $2'077M 557.61 30 Apr 18 (1.33%) 6.45% 20.2% 22.74% 14.48% -1.98% 14.61% 14.95% 13.26% (28.43%)
MARKETS OFF FUND LTD Apr 18 Feb 08 - Oct 08
Xiao Song
FINISTERRE CREDIT FUND 31 Jan 06 M $636M 230.74 30 Apr 18 0.80% 0.23% 8.64% 3.04% -2.41% 2.62% 4.78% 7.06% 10.18% (33.64%)
Hakan SofuoglU, Aashray Kannan Mar 18 Jun 08 - Dec 08
IP ALL SEASONS ASIAN CREDIT 31 Jan 02 W $107M 32.50 30 Apr 18 (1.83%) 0.67% 11.59% 25.04% -0.39% 4.94% 2.2% 7.52% 9.16% (38.05%)
FUND Mar 18 Feb 08 - Mar 09
Job Campbell
LTS GLOBAL EMERGING MARKETS 31 Dec 11 M $69M 127.50 30 Apr 18 1.35% 1.06% 10.68% 4.3% 3% 3.47% 2.55% 5.68% 3.39% (2.46%)
FUND LTD Apr 18 Oct 14 - Jan 15
LTS Capital LLP, Simon Dalah &
Anthony Nahum
MONEDA LATIN AMERICAN 30 Sep 07 Q $310M 2,499.46 29 May 18 (2.09%) (0.02%) 16.37% 21.97% -6.12% 3.36% 8.67% 8.97% 12.36% (32.05%)
CORPORATE DEBT FUND -A- Apr 18 Aug 08 - Dec 08
Fernando Tisné and Javier Montero
Ytd Avg. 2018
Credit/Europe 1.34%
ABSOLUTE INSIGHT CREDIT FUND 30 Sep 11 W €258M 1.25 30 May 18 (1.45%) (1.42%) 6.09% -4.46% -1.06% 2.21% 7.4% 3.45% 3.90% (8.55%)
B1P2 EURO Apr 18 Jul 14 - Jul 16
Alex Veroude
ALEGRA ABS I FUND (EUR) 30 Jun 04 M €147M 4,373.68 30 Apr 18 (0.07%) 1.43% 11.67% 7.74% 10.68% 10.96% 41.6% 11.25% 22.91% (84.24%)
Alegra Capital (Lie) Ltd, Alfred Apr 18 May 07 - May 09
Haslinger, Philippe Jodin, Daniel
Riediker

Source - HSBC
Ytd Avg. 2018
Credit/Europe 1.34%
CAIRN SPECIAL OPPORTUNITIES 31 Dec 07 Q €159M 208.25 30 Apr 18 0.52% 2.00% 5.78% 7.3% -3.28% 2.3% 8.54% 7.35% 7.03% (13.94%)
CREDIT FUND Mar 18 Jun 11 - Nov 11
Cairn Capital Limited
CAPITAL FOUR CREDIT 31 Dec 09 M €380M 175.95 30 Apr 18 0.43% 0.55% 6.42% 7.64% 3.84% 11.37% 16.31% 12.29% 6.32% (6.46%)
OPPORTUNITIES FUND Feb 18 May 11 - Nov 11
Capital Four Management Team
CHENAVARI TORO LIMITED 31 May 09 M €324M 1,252.62 31 Mar 18 0.09% 1.85% 9.29% 3.85% 15.22% 24.82% 32.93% 33.11% 10.66% (5.11%)
Chenavari Investment Managers Dec 17 Jul 11 - Oct 11
GLG CROSS ASSET VALUE 30 Nov 12 M $263M 1,452.28 25 May 18 (2.99%) (1.98%) 17.54% 2.25% 4.88% 4.68% 11.5% 7.04% 5.24% (7.88%)
OFFSHORE FUND CLASS A USD Mar 18 Dec 15 - Feb 16
UNRES
Chris Huggins
NAPIER PARK EUROPEAN CREDIT 31 Aug 10 Q €540M 308.26 30 Apr 18 0.22% 0.81% 5.75% 12.54% 8.49% 8.92% 31.32% 15.81% 7.89% (15.31%)
OPPORTUNITIES FUND LTD Apr 18 May 11 - Dec 11
Napier Park Global Capital (US) LP
NORTHLIGHT EUROPEAN 31 Dec 09 M $398M 1,721.73 25 May 18 0.53% 5.27% 2.98% 6.03% 5.39% 5.93% 12.61% 6.68% 2.40% (1.92%)
FUNDAMENTAL CREDIT FUND Dec 17 Sep 15 - Feb 16
Northlight Group LLP
OBSERVATORY CREDIT MARKETS 30 Jun 04 M $978M 367.40 30 Apr 18 0.32% 1.72% 5.49% 5.89% 3.13% 3.31% 7.26% 9.86% 5.69% (12.74%)
FUND (THE) Mar 18 Jul 07 - Jul 08
Shazad Ghaffar
OYSTER FLEXIBLE CREDIT FUND 31 May 14 W €59M 147.17 29 May 18 (0.55%) (0.60%) 0.86% 3.77% -2.92% -2.85% (0.48%) 2.85% (8.03%)
R EUR PR Jan 18 May 15 - Mar 16
Syz Asset Management SA (Sub
Manager Eiffel Investment Group)
PAMPLONA CREDIT 31 Aug 08 M €356M 217.33 30 Apr 18 0.93% 0.64% 5.54% 1.43% 0.22% 6.55% 12.68% 8.36% 6.85% (17.90%)
OPPORTUNITIES FUND Apr 18 Apr 11 - Dec 11
Yves Leysen
SERONE KEY OPPORTUNITIES 29 Feb 12 M $301M 3,525.90 30 Apr 18 1.86% 4.61% 16.41% 17.24% 11.05% 9.14% 25.94% 22.66% 7.33% (4.47%)
FUND Apr 18 Nov 15 - Feb 16
Serone Capital Management, Serj
Walia
WB OPPORTUNITIES FUND 30 Sep 09 M $76M 205.14 18 May 18 0.10% 1.61% 2.99% 8.28% 3.76% 3.39% 11.95% 8.68% 4.09% (2.39%)
Butler Investment Managers Ltd, Apr 18 Aug 14 - Oct 14
Walter Butler
WYETREE EUROPEAN RECOVERY 31 Aug 13 M €50M 129.62 30 Apr 18 0.10% 2.32% 20.33% -7.42% -5.25% 16.74% 2.81% 5.72% 6.53% (18.97%)
FUND (WERF) Jun 16 Mar 15 - Jun 16
WyeTree Asset Management

Source - HSBC
Ytd Avg. 2018
Credit/Global 2.83%
AG MORTGAGE VALUE PARTNERS 30 Apr 09 Q $1'360M 348.35 30 Apr 18 1.40% 6.48% 16.17% 7.89% 4.43% 10.07% 12.91% 14.86% 3.91% (3.76%)
LTD Apr 18 Oct 15 - Feb 16
Angelo, Gordon & Co./ Thomas
Durkin, Yong Joe
ALGEBRIS MACRO CREDIT FUND 30 Jun 16 D $950M 113.49 29 May 18 (1.45%) (0.96%) 10.59% 3.62% 6.84% 5.85% (4.04%)
(UCITS) Dec 17 Jan 18 - May 18
Alberto Gallo, Algebris
ALPHA UCITS FAIR OAKS 30 Sep 16 W €499M 1,097.12 25 May 18 0.42% 1.65% 7.37% 0.55% 5.79% 1.36% (0.34%)
DYNAMIC CREDIT FUND Apr 18 Sep 16 - Oct 16
Fair Oaks, Roger Coyle, Miguel
Ramos Fuentenebro
ARISTEIA INTERNATIONAL LTD 01 Aug 97 Q $1'097M 993.60 30 Apr 18 0.21% 0.24% 4.98% 13.98% -7.22% -3.13% 15.67% 11.70% 8.44% (30.20%)
Anthony M. Frascella, William R. May 18 May 08 - Dec 08
Techar
ASGARD FIXED INCOME FUND LTD 30 Jun 03 M €373M 668.94 25 May 18 0.12% (0.01%) 12.04% 18.14% 8.8% 10.6% 16.02% 13.59% 6.36% (10.40%)
Morten Mathiesen Apr 18 Aug 08 - Oct 08
AXONIC CREDIT OPPORTUNITIES 31 Mar 09 Q $434M 363.34 30 Apr 18 0.94% 2.90% 7.15% 1.47% 0.52% 10.87% 12.1% 15.25% 6.37% (6.84%)
OVERSEAS FUND LTD Mar 18 May 15 - Mar 16
Clayton DeGiacinto, Jamshed
Engineer, Matthew Weinstein
BLUEBAY CREDIT ALPHA LONG 31 Oct 11 M $155M 18,647.19 25 May 18 (2.47%) 2.20% 14.87% 3.19% 3.06% 1.85% 13.61% 9.95% 5.27% (3.11%)
SHORT FUND Apr 18 Apr 15 - Apr 16
Geraud Charpin
CLAREANT GLOBAL SPECIAL 31 Oct 07 Q €125M 206.43 30 Apr 18 0.80% 5.06% 5.22% 9.64% 23.71% -1.88% 12% 7.14% 13.34% (48.74%)
SITUATIONS FUND US FEEDER Apr 18 Oct 07 - Dec 08
EUR CLASS III-A
Alcentra Ltd / David Forbes-Nixon
CLAREANT STRUCTURED CREDIT 31 Jan 11 Q $295M 436.95 30 Apr 18 0.53% 2.91% 16.41% 18.46% 8.89% 5.51% 48.08% 22.56% 10.61% (8.17%)
OPPORTUNITIES FUND II Apr 18 May 11 - Sep 11
Alcentra Ltd / Hiram Hamilton
COHERENCE CAPITAL SPECTRUM 31 Jul 12 Q $137M 15.97 25 May 18 (0.26%) (0.78%) 3.87% 5.47% 5.2% 2.83% 18.98% 8.38% 3.85% (2.98%)
FUND OFFSHORE FUND Mar 18 Jun 14 - Oct 14
Coherence Capital Partners LLC
CQS ABS FEEDER FUND - CLASS 30 Sep 06 Q $1'269M 6,770.30 30 Apr 18 0.29% 4.33% 12.37% 8.47% -2.36% 8.02% 9.7% 17.94% 9.96% (11.97%)
-B1- USD Apr 18 May 15 - Feb 16
Bill Murray, Jason Walker
ELLINGTON CREDIT 30 Apr 08 Q $329M 299.46 30 Apr 18 0.96% 3.24% 4.35% -0.9% 3.22% 7.89% 15.28% 11.59% 5.20% (5.51%)
OPPORTUNITIES FUND LTD Mar 18 Aug 15 - Mar 16
Ellington Management Group, LLC

Source - HSBC
Ytd Avg. 2018
Credit/Global 2.83%
ELLINGTON MORTGAGE 31 Jan 09 Q $351M 291.22 30 Apr 18 0.49% 2.24% 2.73% 4.64% 1.79% 7.25% 9.64% 12.25% 3.67% (0.85%)
OPPORTUNITIES MASTER FUND Mar 18 May 15 - Oct 15
LTD
Ellington Management Group, LLC
III RELATIVE VALUE CREDIT 31 Oct 05 M $150M 1,876.92 25 May 18 (0.07%) 1.81% -0.66% 6.81% -7.26% 5.23% 8.5% 5.14% 7.02% (31.27%)
STRATEGIES FUND LTD Apr 18 Nov 07 - Dec 08
Lester Coyle
III SELECT CREDIT FUND LTD 31 Dec 07 Q $181M 1,983.16 25 May 18 0.08% 2.31% -0.93% 7.61% -8.35% 6.02% 8.56% 6.90% 5.85% (10.51%)
CLASS -A- Apr 18 May 15 - Feb 16
Lester Coyle
MEDALIST PARTNERS HARVEST 31 Jul 12 Q $400M 165.14 30 Apr 18 0.70% 3.44% 12.96% -0.5% -1.13% 13.78% 14.05% 9.12% 3.90% (11.21%)
FUND Apr 18 Jun 15 - Jun 16
Greg Richter and Brian Herr
ONE WILLIAM STREET CAPITAL 31 Mar 08 Q/Y $1'370M 2,632.66 30 Apr 18 0.75% 3.57% 16.08% 9.93% 2.33% 10.05% 5.75% 10.07% 5.03% (8.43%)
FUND May 18 Feb 11 - Nov 11
OWS Capital Management
PIMCO GLOBAL CREDIT 30 Jun 06 Q $3'733M 211.01 30 Apr 18 (0.25%) 3.79% -0.04% 6.97% 6.89% 4.34% 7.45% 6.51% 4.54% (12.86%)
OPPORTUNITY FUND SERIES 1 Apr 18 Jun 07 - Nov 08
Dan Ivascyn / Jon Horne
PIMCO TACTICAL OPPORTUNITIES 31 Jan 13 HY $1'951M 164.08 30 Apr 18 0.42% 3.82% 10.83% 9.32% 5.68% 7.56% 14.76% 9.90% 3.41% (1.88%)
FUND Apr 18 May 13 - Jun 13
Pimco LLC - Dan Ivascyn / Josh
Anderson / Alfred Murata
RP DEBT OPPORTUNITIES FUND 30 Sep 09 M $1'937M 2,002.31 25 May 18 0.04% 0.77% 7.4% 11.1% 5.15% 5.06% 10.36% 9.70% 3.20% (1.80%)
RP Investment Advisors Apr 18 Jul 11 - Sep 11
RP SELECT OPPORTUNITIES 31 Mar 14 M $549M 12.80 25 May 18 0.29% 2.13% 10.39% 10.75% 6.62% 2.52% 7.78% 3.52% (3.50%)
FUND Apr 18 Dec 15 - Feb 16
RP Investment Advisors
SEER CAPITAL PARTNERS 30 Apr 09 Q $634M 239.92 30 Apr 18 1.04% 3.32% 9.9% -2.57% -0.57% 5.41% 12.13% 10.21% 6.03% (17.05%)
OFFSHORE FUND LTD Apr 18 Jul 15 - Feb 16
Phil Weingord, Richard d'Albert, Seer
Capital
SELWOOD LIQUID CREDIT 31 Aug 15 M $701M 134.70 30 Apr 18 1.28% 3.32% 14.87% 10.73% 2.5% 11.82% 1.86% 0.00%
STRATEGY Apr 18 Jan 00 - Jan 00
Selwood Asset Management
SPF CREDIT SUISSE SECURITIZED 30 Nov 11 Q $2'073M 190.49 15 May 18 0.25% 3.00% 9.36% 4.69% 6.14% 10.68% 18.1% 10.49% 2.68% (2.24%)
PRODUCTS MASTER FUND LTD Apr 18 Dec 15 - Feb 16
Albert Sohn

Source - HSBC
Ytd Avg. 2018
Credit/Global 2.83%
TIG SECURITIZED ASSET FUND 30 Sep 12 M $475M 167.89 30 Apr 18 0.17% 1.66% 6.99% -0.05% 6.06% 15.17% 20.05% 9.72% 3.27% (4.65%)
LTD Apr 18 Sep 15 - Mar 16
Stuart Lippman, David Liu
TIG SUNRISE FUND 31 Oct 14 M $156M 123.31 30 Apr 18 1.22% 2.87% 13.57% 2% 3.6% -0.12% 6.17% 2.58% (3.30%)
Stuart Lippman, David Liu Apr 18 Aug 15 - Apr 16
TRICADIA CREDIT STRATEGIES, 31 Mar 05 Q $642M 375.02 15 May 18 (0.31%) 0.34% 7.78% -1.55% -1.82% 3.94% 10.57% 10.59% 6.50% (10.77%)
LTD Apr 18 Jun 08 - Nov 08
Arif Inayatullah & Michael Barnes
VARDEN PACIFIC OPPORTUNITY 31 Mar 11 Q $539M 172.35 30 Apr 18 0.89% 7.43% -6.43% 33.15% -6.17% 9.15% 15.14% 7.98% 11.98% (18.02%)
OFFSHORE FUND I LTD Apr 18 Mar 11 - Sep 11
Varden Pacific LLC
WESTFIELD FUND (CAYMAN) LTD 31 Oct 15 Q $128M 182.82 30 Apr 18 6.74% 9.52% 10.73% 50.78% -0.02% 27.31% 13.74% (11.65%)
Renyuan Gao May 18 Feb 17 - Jun 17
WYETREE RESIDENTIAL REAL 30 Nov 08 Q $91M 259.36 30 Apr 18 0.80% 2.42% 15.51% 2.21% -0.42% 12.66% 17.56% 10.65% 6.03% (14.92%)
ESTATE TOTAL RETURN OPP. Mar 18 Feb 11 - Dec 11
FUND (RRETRO FUND)
Ytd Avg. 2018
Credit/USA 2.01%
400 CAPITAL CREDIT 31 Jan 09 Q $1'066M 336.28 30 Apr 18 1.03% 4.53% 13.55% 0.17% -0.42% 12.35% 15.24% 14.01% 5.63% (11.54%)
OPPORTUNITIES Mar 18 Jun 15 - Mar 16
Chris Hentemann
AG REAL ESTATE DEBT 31 Mar 11 Q $189M 2,233.08 30 Apr 18 1.30% 2.93% 13.41% 2.68% 4.34% 13.84% 28.14% 12.00% 5.62% (8.02%)
INVESTMENT FUND LTD Mar 18 Jun 11 - Sep 11
Angelo, Gordon & Co, Andrew
Solomon
BEACH POINT TOTAL RETURN 30 Jun 96 Q $1'700M 730.94 30 Apr 18 0.69% 1.08% 5.41% 12.16% -2.08% -0.67% 12.61% 9.53% 7.57% (24.04%)
OFFSHORE FUND II, LTD Apr 18 Oct 07 - Dec 08
Carl Goldsmith, Scott Klein,
BRIGADE LEVERAGED CAPITAL 31 Dec 06 Q $2'496M 187.88 30 Apr 18 0.09% 2.21% 6.1% 22.55% -11.11% 0.22% 5.96% 5.72% 6.42% (19.42%)
STRUCTURES FUND LTD May 18 Jun 08 - Dec 08
Don Morgan
GALTON MORTGAGE STRATEGIES 31 Oct 11 Q $162M 162.50 30 Apr 18 0.44% 2.88% 13.44% 8.17% 3.41% 7.4% 2.22% 7.75% 3.54% (6.17%)
OFFSHORE FUND LTD Apr 18 May 13 - Sep 13
Mariner Investment Group, Matt
Whalen, Kevin J. Finnerty
GCA CREDIT OPPORTUNITIES 30 Sep 08 Q $360M 330.97 30 Apr 18 1.41% 2.61% 1.32% 6.27% 2.55% 3.57% 8.46% 13.30% 5.65% (1.95%)
MASTER FUND LTD Mar 18 Jul 11 - Sep 11
Global Credit Advisers LLC

Source - HSBC
Ytd Avg. 2018
Credit/USA 2.01%
HUDSON COVE CREDIT 31 Aug 09 Q $283M 299.10 30 Apr 18 0.70% 2.39% 10.93% 10.4% 8.93% 8.93% 10.21% 13.47% 2.85% (1.08%)
OPPORTUNITY FUND LTD Apr 18 May 13 - Jun 13
Hudson Cove Capital Management,
David Wu
JLP INSTITUTIONAL CREDIT FUND 31 Dec 10 Q $148M 146.44 30 Apr 18 0.74% 1.18% 4.01% 22.07% -10.08% -3.48% 10.85% 5.34% 5.90% (20.52%)
Phoenix Investment Adviser Apr 18 Jun 14 - Feb 16
MIDOCEAN ABSOLUTE RETURN 31 Jan 10 M $276M 165.96 30 Apr 18 1.01% 2.55% 2.12% 7.05% 4.34% 0.33% 7.66% 6.33% 3.40% (5.37%)
CREDIT FUND Oct 17 Jun 14 - Jan 15
MidOcean Credit Fund Management
LP
MIDOCEAN CREDIT OPPORTUNITY 31 Mar 09 Q $759M 255.62 30 Apr 18 0.20% 0.38% 6.28% 7.18% 2.26% 0.98% 10.07% 10.88% 5.55% (4.96%)
FUND CLASS B Sep 17 Aug 14 - Feb 16
MidOcean Credit Fund Management
LP
MILL HILL CREDIT 31 Oct 16 Q $112M 113.10 30 Apr 18 0.10% 1.61% 10.15% 1.06% 8.57% 2.43% (0.33%)
OPPORTUNITIES FUND May 18 May 17 - Jul 17
David Meneret
NAPIER PARK ABS INCOME FUND 30 Apr 15 Q $260M 127.62 30 Apr 18 0.16% 2.22% 12.21% 9.81% 1.33% 8.46% 2.08% (0.58%)
LP Mar 18 Jan 16 - Mar 16
Rajesh Agarwal
OCTAGON HIGH INCOME FUND 31 Jan 11 M $147M 170.76 30 Apr 18 0.84% 3.62% 8.52% 14.2% -0.55% 1.05% 9.83% 7.66% 6.20% (10.77%)
Andrew D. Gordon Mar 18 Jul 11 - Aug 11
SOUND POINT CREDIT 31 Aug 09 Q $989M 1,725.99 30 Apr 18 0.21% (3.08%) 7.52% 6.75% -0.26% 4.27% 14.73% 6.50% 3.65% (7.55%)
OPPORTUNITIES FUND LP Mar 18 May 15 - Feb 16
Sound Point Capital Management,
Stephen Ketchum
SPM CORE FUND 31 May 09 Q $671M 418.08 30 Apr 18 0.65% 2.72% 8.63% 4.69% 3.12% 16.34% -2.62% 17.39% 7.45% (9.62%)
William Mok, Nicolas Vassalli Dec 17 Mar 13 - Jun 13
TILDEN PARK OFFSHORE 31 Dec 10 Q $3'929M 263.66 30 Apr 18 1.95% 2.96% 5.16% 12.4% 1.31% 14.06% 20.51% 14.13% 5.91% (5.77%)
INVESTMENT FUND LTD May 18 May 15 - Mar 16
Josh Birnbaum
WEXFORD OFFSHORE CREDIT 31 Jan 03 Q $39M 528.13 30 Apr 18 2.60% 1.74% -8.44% 36.58% -1.59% 4.55% 10.12% 11.53% 8.35% (12.55%)
OPPORTUNITIES FUND Apr 18 Jun 08 - Mar 09
Charles E. Davidson
WYETREE NORTH AMERICAN ABS 30 Nov 12 M $65M 135.58 30 Apr 18 0.60% 1.71% 10.6% 6.69% -0.42% 7.78% 5.46% 5.78% 3.33% (6.33%)
FUND (WYNAABS) Jun 16 May 15 - Feb 16

Source - HSBC
Ytd Avg. 2018
Credit/USA 2.01%
ZAIS OPPORTUNITY FUND LTD 31 Mar 04 Y $134M 410.44 30 Apr 18 0.64% 1.92% 7.04% 19.14% -9.21% 8.62% 8.73% 10.54% 19.74% (74.83%)
SERIES A Apr 18 Jun 07 - Mar 09
Christian Zugel
Fixed Income
Ytd Avg. 2018 0.78%
Ytd Avg. 2018
Fixed Income/Global 0.78%
KLS DIVERSIFIED FUND LTD 31 Jul 08 Q $1'822M 183.29 30 Apr 18 0.21% 0.78% 3.32% 9.71% -2.4% 6.76% 1.58% 6.51% 3.72% (10.06%)
Jeff Kronthal ; Harry Lengsfield ; John Apr 18 May 15 - Feb 16
Steinhardt

Source - HSBC
Distressed Security
Ytd Avg. 2018 0.50%
Ytd Avg. 2018
Distressed Security/Global 0.79%
BLACK DIAMOND CREDIT 31 Jul 09 Q $554M 424.72 30 Apr 18 1.00% 3.85% 8.71% 13.68% 4.34% 18.45% 21.65% 17.97% 7.44% (6.67%)
STRATEGIES MASTER FUND LTD Dec 17 Apr 10 - Aug 10
Black Diamond Capital Management
CAIUS CAPITAL MASTER FUND 30 Sep 16 Q $293M 143.78 30 Apr 18 2.46% 4.43% 32.63% 3.81% 25.82% 7.57% (0.08%)
Caius Capital LLP; Antònio Batista Apr 18 Jun 17 - Jul 17
CANYON VALUE REALIZATION FD, 31 Dec 94 Q $7'494M 9,441.72 30 Apr 18 (0.22%) 0.78% 13.02% 8.92% -2.72% 4.32% 15.65% 10.09% 7.82% (28.82%)
LTD - CLASS A Apr 18 Oct 07 - Nov 08
M.R. Julis & J.S. Friedman
CERBERUS INTL. LTD CLASS A A/C 31 May 93 Q $186M 1,218,534.22 30 Apr 18 (2.67%) (7.41%) 32.45% -3.41% -4.96% 23.09% 14.1% 10.55% 7.51% (22.26%)
191 Jan 18 May 08 - Feb 09
Steve Feinberg
CONTRARIAN CAPITAL FUND I 30 Sep 86 Y $2'347M 3,214.46 30 Apr 18 1.50% 1.74% 5.05% 25.41% -7.89% 0.46% 17.01% 11.61% 9.28% (33.22%)
OFFSHORE LTD Apr 18 Jun 07 - Feb 09
Jon Bauer
DAVIDSON KEMPNER DIST. OPP. 31 Mar 05 Y $1'870M 341.59 31 Mar 18 0.71% 2.85% 9.49% 21.06% -6.17% 3.5% 21.95% 9.90% 8.80% (26.27%)
INT. LTD CLASS A TRN 1 Apr 18 Oct 07 - Nov 08
Anthony A. Yoseloff, Avi Z. Friedman
and Conor Bastable
MONARCH DEBT RECOVERY 31 Mar 02 Y $1'385M 4,258.70 30 Apr 18 (0.07%) 0.70% 5.54% 5.51% -2.73% 1.37% 18.36% 9.42% 7.11% (32.31%)
FUND LTD Jan 18 Oct 07 - Dec 08
Michael Weinstock, Andrew
Herenstein
MUDRICK DISTRESSED 30 Jun 09 Q $1'600M 212.13 25 May 18 3.60% 3.28% 6.2% 38.9% -25.71% 15.58% 7.73% 8.81% 9.72% (31.42%)
OPPORTUNITY FUND LTD Nov 17 Aug 14 - Jan 16
Jason Mudrick
OCP DEBT OPPORTUNITY 30 Jun 01 Q $295M 310.09 31 Mar 18 (0.57%) 0.78% 5.57% 17.06% -10.48% 0.47% 9.93% 6.98% 6.12% (24.14%)
INTERNATIONAL LTD Feb 18 Jun 07 - Dec 08
Onex Credit Partners
OWS CREDIT OPPORTUNITY FUND 31 Dec 10 Q/Y $938M 2,097.08 30 Apr 18 1.00% 5.18% 14.42% 10.24% 2.23% 12.81% 12.96% 10.62% 4.32% (7.61%)
OWS Capital Management May 18 Apr 11 - Oct 11
PSAM REBOUND PORTFOLIO 28 Feb 03 Q $2'100M 304.24 30 Apr 18 1.52% (0.97%) 11.96% 16.04% -9.49% -1.16% 12.61% 7.61% 7.91% (32.91%)
FUND LTD May 18 Jul 07 - Mar 09
P.Schoenfeld Asset Management LLC
SOLUS SOLA LTD CL. I 31 Dec 01 Q $3'964M 1,424.72 25 May 18 0.89% (2.15%) 6.27% 10.67% 0.35% 10.04% 31.78% 17.57% 12.89% (21.93%)
Chris Pucillo, Scott Martin, CJ May 18 Feb 08 - Apr 09
Lanktree

Source - HSBC
Ytd Avg. 2018
Distressed Security/Global 0.79%
SOLUS SOLA LTD CL. I N2 31 Mar 10 Q $1'553M 2,538.02 25 May 18 0.93% (1.94%) 7.11% 11.86% 0.95% 11.76% 34.66% 12.10% 7.72% (13.06%)
Chris Pucillo, Scott Martin, CJ May 18 May 11 - Sep 11
Lanktree
SOUND POINT BEACON 30 Nov 13 HY $313M 149.17 30 Apr 18 (0.23%) (2.95%) 10.34% 9.84% 0.57% 18.36% 6.54% 9.48% 6.34% (8.26%)
OFFSHORE FUND, LTD Mar 18 May 15 - Jan 16
Stephen Ketchum
STRATEGIC VALUE 31 Aug 02 Q/Y $1'900M 444.62 25 May 18 1.86% 4.38% 8.05% 21.66% -5.2% 1.7% 16.17% 9.94% 7.18% (24.47%)
RESTRUCTURING FUND (SVRF) Mar 18 May 07 - Jan 09
Victor Khosla
VR GLOBAL OFFSHORE FUND LTD 30 Apr 99 Q $3'672M 59,665.93 30 Apr 18 (0.54%) 0.03% 24.01% 17.02% 14.7% -0.4% 32.33% 23.99% 13.86% (48.38%)
Richard Deitz Apr 18 May 08 - Mar 09
Ytd Avg. 2018
Distressed Security/USA (1.78%)
JLP CREDIT OPPORTUNITY FUND 31 Aug 03 Q $328M 360.96 30 Apr 18 (1.40%) (5.18%) -0.74% 56.41% -38.02% -13.38% 25.98% 9.14% 17.27% (54.07%)
Phoenix Investment Adviser, Jeff Apr 18 May 14 - Feb 16
Peskind
REDWOOD OFFSHORE FUND 31 Jul 00 Y $2'198M 902.18 30 Apr 18 0.40% 1.63% 12.08% 12.81% -2.66% 1.59% 17.62% 13.19% 9.83% (36.28%)
Jonathan Kolatch & Ruben Kliksberg Mar 18 May 07 - Dec 08

Source - HSBC
Equity-Commodity
Ytd Avg. 2018 (1.78%)
Ytd Avg. 2018
Equity-Commodity/Global (1.78%)
OCEANIC HEDGE FUND - CLASS A 31 Jul 02 M $87M 2,967.74 30 Apr 18 1.31% (1.78%) -2.8% -17.1% 0.97% 3.87% 23.3% 7.15% 8.62% (24.78%)
Cato Brahde, Andreas Vergottis, Mar 18 Jul 15 - Oct 17
Bjorn Rise
Equity-Diversified
Ytd Avg. 2018 1.52%
Ytd Avg. 2018
Equity-Diversified/Asia 2.50%
ABOUT CAPITAL ASIAN SPECIAL 31 May 13 Q $200M 232.36 25 May 18 4.00% 5.64% 30.69% 31.77% 12.04% 4.04% 9.56% 18.42% 13.51% (21.20%)
OPPORTUNITIES FUND CLASS A May 18 May 15 - Aug 15
Ted Chen
GOLDEN CHINA FUND NR CLASS 30 Jun 04 M $1'712M 318.18 25 May 18 6.34% 5.93% 52.11% -7.97% 21.94% 30.02% 17.48% 25.92% 23.07% (64.64%)
George Jiang, Sep 17 Oct 07 - Nov 08
MANDARIN OFFSHORE FUND LTD 31 Jan 07 M $134M 304.51 25 May 18 2.40% 5.92% 35.01% 2.64% -1.96% 11.45% 12.01% 10.34% 13.90% (29.63%)
P-USD SHARE CLASS Apr 18 Oct 07 - Feb 09
Lan Wang Simond
OCEANWIDE CHINA FOCUS 30 Jun 05 Q $53M 591.58 25 May 18 4.48% (0.53%) 42.65% -6.39% 4.45% -8.2% 61.8% 14.89% 23.75% (45.67%)
SEGREGATED PORTFOLIO Mar 18 May 15 - Jan 16
Chris Choy
PINPOINT CHINA FUND CLASS A 31 May 05 M $1'280M 1,434.29 15 May 18 2.52% 5.48% 35.88% 2.76% 11.75% 17.46% 9.26% 22.80% 17.68% (42.16%)
USD Apr 18 Oct 07 - Nov 08
Qiang Wang
SCHRODER GAIA INDUS 30 Jun 16 W $121M 133.61 29 May 18 1.54% 3.61% 24.35% 3.7% 16.36% 6.92% (2.97%)
PACIFICHOICE - USD C ACC Dec 17 Jan 18 - Mar 18
Indus Capital, Sheldon Kasowitz
TELLIGENT GREATER CHINA 31 Jul 04 M $206M 467.64 30 Apr 18 (3.48%) 1.46% 46.97% -13.19% 0.63% -6.27% 28.57% 11.87% 17.46% (46.90%)
FUND Apr 18 Oct 07 - Oct 08
Ching-Shan Lin
ZEAL CHINA FUND LTD - USD -NI 31 Dec 09 M $305M 212.77 25 May 18 0.08% (7.54%) 32.13% 8.49% 7.28% 0.92% 5.55% 9.40% 13.69% (20.74%)
Daniel POON Chun Pong Mar 18 May 15 - Aug 15
Ytd Avg. 2018
Equity-Diversified/Australian 0.08%
L1 CAPITAL LONG SHORT FUND 31 Aug 14 M AUD$1'134M 280.69 30 Apr 18 1.62% 0.08% 28.29% 29.63% 60.52% 5.07% 32.52% 8.63% (2.42%)
L1 Capital PTY Ltd Apr 18 Aug 14 - Sep 14

Source - HSBC
Ytd Avg. 2018
Equity-Diversified/Emerging 2.13%
AQS MENA FUND 30 Jun 13 M $275M 1,459.33 31 Mar 18 3.10% 7.44% 9.04% -6.78% -0.85% 22.04% 10.44% 8.28% 11.68% (23.03%)
Aventicum Capital Management Mar 18 Jul 15 - Sep 16
(Qatar) LLC
FIM EM FRONTIER FUND 31 Dec 12 M $132M 1,566.47 30 Apr 18 0.16% 0.25% 7.65% 9.61% 2.25% 12.92% 14.69% 8.78% 10.77% (14.90%)
Hedi Ben Mlouka Jan 18 Jul 15 - Feb 16
FIREBIRD AVRORA FUND LTD 30 Nov 03 Q $116M 2,232.13 25 May 18 (3.31%) (2.18%) 23.02% 23.17% -11.93% -23.92% 22.15% 5.70% 23.51% (76.32%)
Harvey Sawikin & Ian Hague Apr 18 May 08 - Feb 09
FIREBIRD REPUBLICS FUND, LTD 30 Apr 97 Q $191M 1,285.85 04 May 18 (0.84%) 2.96% 26.59% 25.21% -11.65% -22.64% 24.2% 12.92% 27.78% (73.20%)
Harvey Sawikin & Ian Hague Mar 18 Sep 97 - Jan 99
JABCAP EMEA FUND CLASS X1 30 Sep 08 M $228M 281.15 15 May 18 (1.23%) 1.58% 7.38% 7.2% -0.08% 7.15% 9.23% 11.33% 8.79% (10.02%)
Carl Tohme Mar 18 Apr 11 - May 12
OCCO EASTERN EUROPEAN FUND 31 Dec 01 Q/Y $474M 515.87 30 Apr 18 0.33% 5.01% 11.09% 9.15% 5.04% -2.56% 11.63% 11.36% 6.94% (20.86%)
A SHARES Apr 18 Jun 08 - Oct 08
Andrew Wiles
SAGIL LATIN AMERICAN 30 Jun 09 M $460M 217.32 30 Apr 18 1.20% 2.50% 16.65% 28.51% -2.37% 6.71% 7.91% 9.18% 8.59% (15.40%)
OPPORTUNITIES FUND CLASS A Apr 18 Jun 14 - Aug 15
Adrian Landgrebe and Brad Jones
SR GLOBAL FUND (CLASS N) 31 Dec 12 M $115M 165.47 28 May 18 0.28% 3.48% 34.82% -0.04% 3.32% 3.68% 10.76% 9.76% 10.76% (14.61%)
EMERGING MARKET EQUITY Feb 18 May 15 - Feb 16
Ed Butchart and CJ Morrell
SR GLOBAL FUND M - FRONTIER 31 Dec 10 M $130M 197.75 25 May 18 (6.59%) (1.90%) 20.83% 10.95% 1.56% 3.59% 42.81% 9.65% 11.32% (15.20%)
CJ Morrell Feb 18 Dec 10 - Jan 12
Ytd Avg. 2018
Equity-Diversified/Europe 2.44%
ADELPHI EUR. FUND $ (A) 30 Sep 97 Q $1'336M 550.13 25 May 18 0.86% 3.07% 15.14% -12.82% 14.01% 9.28% 17.24% 9.15% 11.11% (26.23%)
Roderick Jack, Marcel Jongen Apr 18 May 07 - Feb 09
ADRIGO HEDGE 30 Nov 06 M $280M 184.14 30 Apr 18 1.34% 0.65% 3% 1.83% 4.58% 4.32% 12.83% 5.49% 4.65% (9.13%)
Göran Tornée Apr 18 May 07 - Oct 08
ALKEN CAPITAL ONE CLASS J 30 Jun 08 M €202M 163,041.80 30 Apr 18 10.12% 6.23% 61.82% -14.25% 17.73% -3.75% 56.32% 21.00% 20.16% (32.19%)
Nicolas Rene Walewski, Marc Festa Mar 18 Nov 15 - Jun 16
ANTARES EUROPEAN FUND, LTD - 08 Dec 98 M $491M 759.90 25 May 18 1.98% 1.58% 28.79% -14.79% 17.71% 5.5% 28.79% 10.98% 14.49% (32.68%)
USD Dec 16 Jun 07 - Dec 08
Peter Miles Testa, Luca Orsini Baroni
AQS SPC - EUROPEAN ALPHA 31 Mar 14 M $296M 127.86 18 May 18 (2.47%) (1.60%) 9.08% 8.72% 14.15% -4.01% 6.12% 6.77% (4.01%)
FUND SP Mar 18 Mar 14 - Dec 14
Aventicum Capital Management
(Switzerland)

Source - HSBC
Ytd Avg. 2018
AQUILUS INFLECTION FUND LTD 31 Jul 07 M €388M 155.77 30 Apr 18 2.76% (1.27%) 8.8% 3.06% 3.12% 7.37% 14.59% 4.21% 8.41% (22.46%)
EUR SHS Apr 18 Oct 07 - Oct 08
Richard Vogel
CAPEVIEW AZRI 2X FUND 30 Sep 10 M $300M 227.64 25 May 18 2.81% 11.56% 16.2% -15.83% 21.64% 9.86% 24.8% 11.34% 8.31% (20.17%)
Michael Sakkas and Sushil Shah Dec 17 Nov 15 - Jun 16
CAPEVIEW AZRI FUND 31 Oct 07 M $970M 205.65 25 May 18 1.38% 5.83% 8.06% -8.27% 9.84% 4.6% 11.51% 7.06% 4.17% (10.45%)
Michael Sakkas and Sushil Shah Dec 17 Nov 15 - Jun 16
CARMIGNAC PORTFOLIO 31 Dec 15 D £102M 127.85 30 May 18 1.48% 3.20% 17.28% 10.56% - 12.82% 6.52% (3.01%)
LONG-SHORT EUROPEAN Mar 18 Mar 16 - Apr 16
EQUITIES F GBP ACC HDG
Malte Heininger
CORTO EUROPEAN FUND LTD 31 Aug 06 M €46M 188.39 25 May 18 0.13% 1.26% 6.18% -0.17% 9.28% -2.09% 14.72% 5.54% 5.93% (13.71%)
Philippe Sarreau Apr 18 Dec 10 - Dec 11
COVALIS CAPITAL CLASS B 31 Dec 12 M $410M 151.63 30 Apr 18 1.00% 3.14% 6.48% 7.92% 8.67% 3.69% 14.99% 8.38% 4.07% (2.80%)
Zach Mecelis Dec 17 Aug 17 - Jan 18
GIM PORTFOLIO STRATEGIES – 30 Sep 03 M €160M 459.94 25 May 18 (0.79%) (3.58%) 11.63% -7.42% 7.63% 1.1% 15.94% 10.97% 8.44% (16.39%)
EUROPE DYNAMIC L/S FUND Mar 18 Jun 08 - Nov 09
A10-03
Jonathan Ingram, John Baker, Anis
Lahlou-Abid
GLG EUROPEAN LONG SHORT 30 Sep 00 M $225M 366.02 25 May 18 0.46% 2.73% 6.47% -1.45% 7.62% -5.24% 7.09% 7.62% 7.46% (17.94%)
FUND CLASS D EUR UNRES Apr 18 Oct 07 - Oct 08
Neil Mason, Fabian Blohm
LANSDOWNE EUROPEAN EQUITY 31 Oct 02 M $594M 285.11 25 May 18 3.53% (1.87%) 20.39% -7.6% 27.32% -3.47% 22.11% 7.58% 10.57% (23.60%)
FD, LTD - B (EUR) Jan 18 May 08 - Feb 09
David Craigen
LANSDOWNE PRINCAY FUND 31 Mar 15 M $144M 131.90 25 May 18 (3.32%) 4.19% 13.32% 12.72% 0.72% 9.74% 11.22% (7.18%)
Samuel Joab Jan 18 Jul 15 - Sep 15
LC EQUITY FUND LTD 30 Sep 05 M CHF87M 321.88 31 Mar 18 (1.00%) (0.49%) 9.19% 3.39% 2.09% 2.7% 5.27% 9.80% 5.42% (5.29%)
Limmat Capital Alternative Feb 18 Jun 11 - Aug 11
Investments AG
LEGG MASON MARTIN CURRIE 31 Aug 10 D €217M 14.70 30 May 18 0.62% 1.94% 9.41% -4.08% 6.02% 1.41% 20.23% 5.10% 6.42% (9.53%)
EUROP ABS ALPHA FUND CLASS Apr 18 Dec 10 - Sep 11
M (PF) DISTR. (A) EUR
Michael Browne and Steve Frost
LUCERNE CAPITAL FUND L.P. 31 Dec 01 M $432M 546.92 30 Apr 18 (0.86%) (1.73%) 15.22% -8.03% 17.14% 10.8% 29.19% 12.15% 19.62% (60.03%)
Pieter Taselaar, Thijs Hovers Apr 18 May 07 - Feb 09
MADRAGUE EQUITY LONG SHORT 31 Jan 12 M €127M 156.49 30 Apr 18 4.17% 2.47% -1.73% 15.28% 6.52% -5.68% 30.08% 7.43% 8.23% (9.12%)
Madrague Capital Partners Apr 18 Jan 12 - Jun 12

Source - HSBC
Ytd Avg. 2018
MARSHALL WACE - EUROPA FUND 31 Oct 06 M $78M 161.31 29 May 18 6.01% 1.62% 5.97% -7.35% 9.61% 3.96% 7.44% 4.21% 7.93% (26.47%)
A USD May 18 Jun 07 - Sep 08
Ernesto Fragomeni
MARSHALL WACE - MW TOPS 31 Dec 04 M $949M 282.04 29 May 18 1.42% 3.62% 8.55% 2.21% 10.45% 6.77% 16.35% 8.04% 6.82% (22.60%)
FUND USD May 18 Oct 07 - Feb 09
Anthony Clake
ODEY EUROPEAN, INC (EUR) 31 May 92 W €162M 391.91 14 May 18 1.19% 18.46% -21.72% -49.52% -12.82% 5.48% 25.75% 8.16% 17.99% (66.75%)
Crispin Odey Dec 17 Jan 15 - Dec 17
PARADIGM CAPITAL VALUE FUND 30 Jun 07 Q $405M 29,729.77 30 Apr 18 3.02% 0.17% 19.13% 22.32% 29.97% 6.15% 3.67% 10.57% 11.33% (24.09%)
SICAV Apr 18 Aug 07 - Mar 09
Jan Hummel
PARETO NORDIC ALPHA CLASS B 31 Dec 12 M NOK307M 175.34 28 May 18 0.25% (0.22%) 10.05% 0.85% 8.84% 15.85% 24.67% 10.79% 6.46% (5.18%)
- NOK Mar 18 Dec 15 - Jan 16
Thomas Raaschou, Christian T.
Nygaard
PELHAM LONG/SHORT FUND LTD 31 Oct 07 M $4'147M 258.03 30 Apr 18 1.51% 5.29% 14.56% -2.71% 14.57% 2.58% 32.52% 9.44% 11.23% (12.25%)
CLASS A EUR Apr 18 May 08 - Dec 08
Ross Turner
RWC PENSATO EUROPA FUND 31 May 08 M €58M 154.31 30 Apr 18 2.04% 8.48% -5.69% -3.37% 23.68% -4.99% 1.99% 4.47% 6.44% (11.22%)
LTD EURO CLASS Mar 18 Jul 16 - Aug 17
Graham Clapp & Edward Rumble
SIERRA EUROPE OFFSHORE, LTD 28 Feb 97 M $50M 549.67 30 Apr 18 1.85% 5.03% 3.58% -8.11% 7.61% -1.76% 4.48% 8.38% 8.43% (16.98%)
- CLASS C USD Apr 18 Mar 00 - Jan 03
Charles Michaels
TRIAS L/S FUND 30 Apr 12 D €137M 240.65 29 May 18 (0.38%) (3.19%) 28.71% -1.33% 22.56% 11.08% 33.7% 15.53% 12.01% (12.48%)
Entrepreneur Partners AG / Kilian Apr 18 May 15 - Jun 16
Kentrup
TRIUM BLACKWALL EUROPE L/S 31 Dec 14 D €220M 11.05 29 May 18 0.27% (1.96%) 2.65% 0.28% 9.6% - 3.00% 4.21% (3.87%)
FUND May 18 Jun 16 - Mar 17
Thomas Karlovits
TT MID-CAP EUROPE 30 Apr 05 M $899M 381.84 30 Apr 18 (0.57%) 0.10% 13.4% 3.2% 14.66% 2.64% 14.44% 10.92% 7.84% (7.41%)
LONG/SHORT FUND LTD - CL B Apr 18 Apr 06 - Sep 06
David Grimbley
WESTRAY LONG/SHORT FEEDER 31 May 14 Q $64M 134.97 30 Apr 18 2.17% 0.79% 5.53% 3.6% 13.92% 7.51% 7.95% 7.94% (5.53%)
FUND Dec 17 Aug 16 - Jan 17
Selvan Masil

Source - HSBC
Ytd Avg. 2018
Equity-Diversified/Global 1.55%
AAM ABSOLUTE RETURN FUND 30 Nov 05 M $353M 419.13 25 May 18 0.66% 19.47% 3.43% 12.04% 58.52% -9.85% 4.75% 12.16% 11.42% (16.84%)
Harald James Otterhaug Apr 18 Oct 13 - Oct 14
ALPHAGEN OCTANIS CLASS C 28 Feb 05 M $9'835M 294.39 25 May 18 0.93% 1.02% 2.99% 0.32% 8.13% 4.36% 17.23% 8.49% 5.50% (9.67%)
Ben Wallace & Luke Newman Mar 18 May 07 - Mar 08
ALPHAGEN RIGEL FUND LTD 30 Sep 14 Q $284M 120.34 31 Mar 18 0.64% (1.08%) 2.98% 5.86% 10.16% 1.3% 5.43% 6.91% (4.52%)
Steve Johnstone Mar 18 Jul 15 - Feb 16
ANAVON MASTER FUND LTD 31 Dec 10 M $60M 158.79 30 Apr 18 2.30% 3.88% 9.41% -1.09% -1.45% 7.19% 11.88% 6.51% 7.81% (10.90%)
CLASS -C- Apr 18 May 15 - Jan 16
Avi Fruchter and Avraham Mevorah
ATLAS FUNDAMENTAL TRADING 30 Jun 08 M $308M 1,425.51 25 May 18 (0.98%) (6.18%) 4.48% -0.78% 4.86% 12.64% 8.54% 3.64% 7.72% (13.57%)
FUND LTD Dec 17 Sep 11 - Jun 13
Dmitry Balyasny, Managing Partner &
CIO
BROADWALK SELECT SERVICES 30 Apr 08 M $56M 380.23 30 Apr 18 4.29% 0.32% 7.83% 1.67% 24.15% 3.9% 39.02% 14.28% 12.85% (15.11%)
FUND Apr 18 Jun 11 - Sep 11
Charlie Cottam
BTG PACTUAL ABSOLUTO GLOBAL 30 Jun 15 M $61M 124.17 15 May 18 1.93% 0.93% 18.34% -2.91% 7.08% 7.82% 8.98% (6.89%)
EQUITIES FUND Mar 18 Jul 16 - Nov 16
BTG Pactual Global Asset
Management
ECOFIN VISTA LONG SHORT FUND 30 Nov 12 M $103M 125.07 31 Mar 18 (0.65%) (0.87%) 8.6% 1.22% 7.61% -0.21% 7.14% 4.28% 7.92% (14.23%)
Matthew Breidert Mar 18 May 15 - Mar 16
EXANE TEMPLIERS FUND 28 Feb 06 W €216M 17,783.29 29 May 18 (0.31%) 0.18% 0.82% 1.22% 0.23% -1.64% 1.85% 3.55% 2.86% (3.81%)
Jean-Francois Roussel, Stéphane May 18 Dec 13 - Jan 16
Arrouays, Henri-Daniel Samama,
Exane Asset Management
FARRINGDON ALPHA ONE 31 Dec 06 M $300M 167.61 30 May 18 (3.09%) (4.20%) -13.65% -4.59% 11.35% 6.78% 10.56% 4.63% 10.78% (21.37%)
Bram Cornelisse, Andreas Tholstrup, Apr 18 Jun 15 - May 18
Dennis van Wees
HORIZON GROWTH FUND 31 Dec 99 M $156M 2,561.51 30 Apr 18 (0.82%) 3.94% 28.66% -3.66% -13.11% 8.14% 42.83% 19.34% 25.45% (49.81%)
Horizon Capital Management Apr 18 Jan 00 - Apr 01
HORSEMAN GLOBAL FUND USD 31 Jan 01 M $616M 573.24 23 May 18 (1.56%) 3.50% 2.27% -24.03% 20.45% 12.63% 19.15% 10.61% 16.60% (37.30%)
Russell Clark & Bobby Turnbull Mar 18 Feb 16 - Apr 17
KINSALE COMPASS FUND 31 Oct 11 M $275M 181.82 30 Apr 18 2.05% (2.87%) 8.78% 7.68% 9.04% 6.56% 15.74% 9.63% 5.62% (6.00%)
Peter A Kinney Apr 18 Jan 18 - Mar 18
LANSDOWNE DEVELOPED 31 Jul 01 M $9'562M 743.68 25 May 18 1.96% 2.61% 8.49% -15.22% 16.84% 11.49% 33.26% 12.66% 10.56% (20.07%)
MARKET FUND, LTD (GBP) NNI Jan 18 Dec 10 - Dec 11
Peter Davies, Jonathon Regis

Source - HSBC
Ytd Avg. 2018
LANSDOWNE DEVELOPED 31 Jul 01 M $9'562M 670.28 25 May 18 2.07% 3.15% 9.59% -14.87% 16.88% 11.31% 33.11% 11.97% 10.60% (20.39%)
MARKET FUND, LTD A USD Jan 18 Dec 10 - Dec 11
LANSDOWNE DEVELOPED 30 Jun 07 M $1'923M 220.37 25 May 18 4.80% 4.35% 17.62% -10.1% 15.43% 10.48% 55.69% 7.51% 18.17% (56.31%)
MARKETS STRATEGIC Jan 18 Oct 07 - Feb 09
INVESTMENT FUND, LTD
M. KINGDON OFFSHORE NV - A/1 28 Feb 86 Q $327M 196.49 18 May 18 4.37% 8.06% 9.08% -2.24% 3.34% 8.23% 23.82% 13.85% 12.38% (30.15%)
Mark Kingdon Mar 18 Sep 87 - Oct 87
MARSHALL WACE - MW EUREKA 31 Jan 98 M $13'130M 1,192.62 29 May 18 1.70% 6.19% 12.89% 2.07% 12.55% 8.49% 21.79% 12.96% 8.40% (23.38%)
A1 USD May 18 Oct 07 - Nov 08
Paul Marshall
MARSHALL WACE - MW GLOBAL 28 Feb 09 M $1'688M 294.52 29 May 18 2.48% 3.62% 12.88% -0.28% 6.38% 6.3% 13.37% 12.38% 8.74% (7.61%)
OPPORTUNITIES A USD May 18 Jan 15 - Apr 15
Fehim Sever
MAVERICK FUND LTD - CLASS A/1 28 Feb 95 M $2'060M 1,597.62 25 May 18 3.54% 5.58% -0.44% -10.11% 16.01% 8.51% 16.46% 10.69% 10.98% (30.04%)
Lee Ainslie III Apr 18 May 08 - Nov 08
MAVERICK FUNDAMENTAL QUANT 31 Dec 14 M $185M 141.11 31 Mar 18 (1.58%) 4.60% 22.54% 1.68% 8.27% - 11.18% 7.15% (4.84%)
LTD Feb 18 Oct 15 - Jun 16
Maverick Capital
MS ASCEND UCITS FUND CLASS I 30 Apr 11 W $148M 1,027.54 25 May 18 (1.35%) (4.11%) 4.18% -7.49% 1.62% 5.11% 12.16% 0.38% 4.49% (10.35%)
EUR Nov 17 Jul 15 - Jun 17
Malcolm Fairbairn
PARUS FUND PLC USD CLASS 31 Dec 02 Bi-weekly $515M 501.70 25 May 18 2.27% 3.45% 4.5% -18.57% 12.48% 3.75% 26.37% 13.17% 13.50% (20.33%)
Parus Finance, Fabrice Vecchioli Apr 18 Jan 16 - Dec 16
PASSPORT SPECIAL 30 Apr 08 HY $295M 210.34 28 Feb 18 (6.30%) (11.30%) 29.3% -26.42% 17.81% 9.94% 45.5% 7.85% 26.68% (43.24%)
OPPORTUNITIES FUND LTD CLASS Feb 18 Jun 08 - Nov 08
AA
John Burbank
PLATINUM FUND LTD 31 May 94 M $336M 111.67 25 May 18 (0.52%) (0.72%) 28.77% 2.36% -3.08% -2.67% 21.76% 10.58% 11.92% (30.48%)
Kerr Neilson Apr 18 Oct 07 - Feb 09
SCHRODER GAIA EGERTON 30 Nov 09 W $1'607M 200.76 29 May 18 0.93% 5.20% 15.03% -3.68% 8.25% 3.37% 23.27% 8.68% 7.31% (8.07%)
EQUITY -C- ACC SHARES Apr 18 Jul 15 - Jun 16
Egerton Capital, John Armitage
SR GLOBAL FUND C - 31 Dec 93 M $590M 778.43 28 May 18 (1.83%) (2.94%) 27.71% -9.89% 4.95% 8.36% 36.28% 11.45% 20.20% (50.10%)
INTERNATIONAL (REAL PERF) Feb 18 Apr 08 - Aug 12
Hugh Sloane

Source - HSBC
Ytd Avg. 2018
SR GLOBAL FUND INC - G - 29 Feb 96 M $420M 1,664.43 25 May 18 0.30% (2.27%) 31.88% -7.05% 0.92% 2.7% 18.09% 16.27% 16.77% (37.25%)
GLOBAL OPPORTUNITIES PTF Feb 18 Oct 07 - Feb 09
(REAL PERF)
Richard Chenevix-Trench
TRIUM OPPORTUNISTIC EQUITY 31 Aug 17 D €223M 99.80 25 May 18 1.53% 1.47% -1.51% (0.10%) 5.66% (3.57%)
FUND Mar 18 Oct 17 - Apr 18
Randeep Grewal
Ytd Avg. 2018
Equity-Diversified/Japan (0.26%)
AKAMATSU FUND 31 Dec 04 M $64M 245.61 30 Apr 18 1.56% 0.45% 19.91% -0.97% 2.45% 5.88% 21.71% 6.97% 7.49% (12.63%)
Philip Kay Mar 18 Jul 15 - Jul 16
MARATHON VERTEX JAPAN FUND 31 May 03 Q $392M 3,212.26 18 May 18 0.71% (2.14%) 10.51% 0.68% 15.58% 2.92% 23.38% 8.10% 8.72% (15.95%)
LTD CLASS B Mar 18 Nov 15 - Jun 16
William Arah
SR GLOBAL FUND H - JAPAN 30 Sep 03 M $60M 215.09 25 May 18 (0.50%) 3.38% 25.24% -9.7% 0.97% 0.41% 62.51% 5.59% 19.28% (35.57%)
(REAL PERF) Feb 18 Mar 08 - Jul 10
Hugh Sloane
UMJ KOTOSHIRO FUND 31 Oct 08 M $419M 260.24 30 Apr 18 (3.13%) (2.72%) 19.3% 4.76% 5.72% 15.2% 32.05% 10.59% 7.82% (9.48%)
Masahiro Koshiba Apr 18 Jul 09 - Sep 10
Ytd Avg. 2018
Equity-Diversified/Russia (0.20%)
FIREBIRD FUND, LP 30 Apr 94 Q $128M 5,125.99 04 May 18 (0.72%) (0.20%) 22.46% 41.79% -10.73% -31.99% 8.55% 17.80% 40.88% (83.54%)
Harvey Sawikin & Ian Hague Mar 18 Sep 97 - Sep 98
Ytd Avg. 2018
Equity-Diversified/UK 2.84%
BLACKROCK UK EMERGING 30 Apr 04 M $137M 560.79 25 May 18 3.63% 6.72% 18.93% 3.71% 20.7% -2.42% 9.96% 13.06% 6.02% (7.48%)
COMPANIES HEDGE FUND Apr 18 Feb 14 - Sep 14
Dan Whitestone
BLACKROCK UK EQUITY HEDGE 30 Apr 05 M $619M 242.41 25 May 18 (0.53%) (1.07%) 0.57% 6.5% 8.35% 6.93% 6.42% 7.01% 5.24% (11.70%)
FUND Apr 18 Jun 08 - Oct 08
Nigel Ridge & Imran Sattar
SVM FUNDS ICVC - UK 31 Aug 09 D £163M 613.50 30 May 18 4.21% 5.90% 14.58% 8.57% 19.35% -1.84% 35.48% 13.82% 13.21% (17.25%)
OPPORTUNITIES FUND Jan 18 Jan 11 - Nov 11
Neil Veitch
THREADNEEDLE UK ABSOLUTE 30 Sep 10 D $691M 139.23 30 May 18 0.24% (0.79%) 3.94% -4.21% 7.19% 5.41% 10.7% 4.41% 3.98% (5.26%)
ALPHA FUND Jan 18 Dec 15 - Jun 16
Chris Kinder & Mark Westwood

Source - HSBC
Ytd Avg. 2018
Equity-Diversified/UK 2.84%
TOSCA PEGASUS FUND LIMITED 31 Oct 97 Q £58M 73.01 30 Apr 18 11.66% 3.45% 6.68% 20.29% -4.12% -15.75% 63.79% 10.22% 14.88% (35.27%)
SHARES A-1 Apr 18 May 98 - Oct 98
Martin Hughes
Ytd Avg. 2018
Equity-Diversified/USA (0.55%)
ALLIANCEBERNSTEIN SELECT US 30 Nov 99 M $79M 5,241.43 22 May 18 2.24% 1.62% 9.72% 3.65% -0.78% 2.76% 16.27% 9.37% 6.86% (9.98%)
EQUITY LONG SHORT Mar 18 May 08 - Feb 09
Kurt Feuerman
ASCEND PARTNERS FUND LTD - A 31 Jan 04 Q $136M 211.69 25 May 18 (0.50%) (1.68%) 5.65% -3.62% 2.63% 4.75% 11.59% 5.38% 4.15% (5.23%)
Malcolm Fairbairn Apr 18 Apr 11 - Dec 11
BAY RESOURCES PARTNERS 31 Jul 98 M $2'373M 13,631.78 30 Apr 18 2.70% (0.03%) 11.89% 14.73% -1.62% 5.04% 22.23% 14.13% 14.93% (39.02%)
OFFSHORE FUND Apr 18 May 08 - Feb 09
Thomas Claugus
BCM WESTON LP (BILLINGS 31 Jan 08 M $119M 334.87 30 Apr 18 0.30% (5.37%) 5.78% 33.66% 4.37% 3.42% 50.32% 12.51% 13.12% (20.35%)
CAPITAL MANAGEMENT) Dec 17 Jun 15 - Jan 16
Billings Capital Management LLC
ELM RIDGE CAPITAL PARTNERS 31 Dec 99 Q $122M 365.80 30 Apr 18 9.70% 4.34% -23.46% 24.48% -29.96% -1.31% 22.28% 7.33% 14.70% (43.07%)
L.P. Jan 18 Aug 14 - Feb 18
Ronald Gutfleish
FJ CAPITAL FINANCIAL 31 Dec 07 Q $547M 458.38 30 Apr 18 0.96% 2.64% 11.63% 37.01% 22.49% 11.9% 27.95% 15.87% 13.39% (27.44%)
OPPORTUNITY FUND LTD Apr 18 May 08 - Feb 09
Martin Friedman
GLENVIEW CAPITAL PARTNERS 31 Dec 00 Q $3'151M 677.37 30 Apr 18 1.85% (5.08%) 23.38% -2.68% -18.12% 14.44% 42.9% 11.78% 15.90% (49.17%)
(CAYMAN), LTD. Apr 18 May 07 - Dec 08
Lawrence M. Robbins
GREENLIGHT CAPITAL 30 Sep 96 Q $1'700M 127,621.38 30 Apr 18 (1.00%) (14.57%) 1.47% 8.2% -20.38% 7.51% 18.76% 12.52% 10.93% (27.17%)
OFFSHORE, LTD - A/1 Jan 18 May 08 - Oct 08
David Einhorn
HINOKI FUND LP 30 Jun 12 M $70M 149.20 28 Feb 18 1.99% 2.40% 6.89% -5.37% 18.12% -4.9% 26.05% 7.31% 9.85% (12.58%)
Ellen Adams & Dan Sheridan Feb 18 Feb 14 - Apr 14
IVORY CAPITAL FLAGSHIP 30 Nov 98 Q $257M 4,200.59 25 May 18 0.86% (2.39%) 2.3% -0.83% -4.91% 6.8% 17.07% 7.64% 5.84% (12.61%)
STRATEGY Apr 18 May 08 - Nov 08
Curtis Macnguyen
IVORY OPTIMAL FUND LTD 31 Dec 08 Q $703M 196.97 25 May 18 1.42% (3.65%) 3.42% -0.94% -6.53% 11.31% 28.31% 7.48% 7.97% (15.01%)
Curtis Macnguyen Apr 18 May 15 - Feb 16
MARLIN FUND LP 30 Jun 95 M $477M 16,305.71 30 Apr 18 (4.39%) (6.62%) 12.27% 26.96% -8.43% 21.72% 77.47% 24.97% 24.71% (60.15%)
Michael Masters Apr 18 Oct 07 - Feb 09

Source - HSBC
Ytd Avg. 2018
NEUBERGER BERMAN US LONG 28 Feb 14 D $241M 11.62 30 May 18 0.52% (0.34%) 12.55% 3.39% -4.21% 4.61% 3.59% 5.65% (8.39%)
SHORT EQUITY FUND Apr 18 Mar 15 - Jan 16
Neuberger Berman Group LLC
RENAISSANCE INSTITUTIONAL 31 Jul 05 M $4'281M 348.08 25 May 18 (0.51%) (0.15%) 14.47% 20.64% 16.53% 13.84% 16.78% 10.21% 10.27% (35.73%)
EQUITIES LP (B) Dec 17 May 07 - Apr 09
Renaissance Technologies LLC
RWC US ABSOLUTE ALPHA FUND - 30 Sep 09 D $345M 154.59 29 May 18 1.80% 6.57% 7.95% -4.4% 5.37% 5.45% 14.28% 5.16% 5.83% (9.19%)
CLASS B Apr 18 Apr 10 - Dec 11
Mike Corcell
SANDLER PLUS OFFSHORE FUND 30 Sep 05 Q $210M 378.97 25 May 18 2.30% 6.74% 15.32% 0.38% 12.97% 5.68% 10.38% 11.10% 9.65% (14.88%)
LTD Mar 18 Dec 07 - Mar 09
Sandler Capital Mgmt, Andrew
Sandler
SCHRODER GAIA SIRIOS US 31 Jan 13 D $1'087M 140.85 29 May 18 (0.21%) (0.15%) 13.29% 0.34% 0.79% 0.38% 22.66% 6.64% 6.90% (10.05%)
EQUITY USD C ACC Dec 17 Jul 15 - Feb 16
Sirios Capital, John Brennan
SEMINOLE OFFSHORE FUND 31 May 98 Q $316M 911.91 25 May 18 2.60% 2.09% 14.54% 3.68% -7.29% 11.04% 23.18% 11.69% 11.56% (15.62%)
Michael G. Messner, Paul C. Dec 17 May 02 - Mar 03
Shiverick
ZWEIG-DIMENNA INTL LIMITED - 31 May 87 Q 97,409.98 31 Mar 18 (3.06%) 3.22% 4.97% -17.89% 1.79% 4.64% 21.25% 12.51% 14.62% (50.23%)
CLASS A Feb 00 - Dec 02
Joseph DiMenna
Equity-Energy
Ytd Avg. 2018 9.34%
Ytd Avg. 2018
Equity-Energy/Global 11.81%
LANSDOWNE ENERGY DYNAMICS 31 Dec 14 M $348M 150.45 25 May 18 3.04% 11.81% 24.49% -5.87% 14.83% - 12.76% 7.71% (8.14%)
FUND Jan 18 Dec 15 - Nov 16
Per Lekander
Ytd Avg. 2018
Equity-Energy/USA 6.87%
DORSET ENERGY FUND, LTD - 31 Oct 00 M $86M 24.25 25 May 18 2.44% 6.87% -39.48% 65.5% -44.05% -27.2% 29.76% 5.17% 26.38% (70.37%)
CLASS A Dec 17 Jun 14 - Feb 16
David M. Knott, Donald Textor
Equity-Financial
Ytd Avg. 2018 4.18%

Source - HSBC
Ytd Avg. 2018
Equity-Financial/Global 4.18%
ABACO FINANCIALS FUND 31 May 03 M $519M 248.85 30 Apr 18 2.05% 0.36% 2.73% 2.37% 10.15% -11.47% 15.74% 6.30% 6.14% (11.68%)
Abaco Asset Management LLP Apr 18 Nov 13 - Dec 14
ALGEBRIS GLOBAL FINANCIALS 30 Sep 06 M $154M 216.90 30 Apr 18 0.00% 4.34% 23.37% 12.85% 20.89% -12.82% 60.6% 6.91% 20.11% (58.96%)
FUND Apr 18 Feb 08 - May 12
Davide Serra
MARSHALL WACE - MW GLOBAL 31 Oct 08 M $109M 174.10 29 May 18 (1.47%) 2.23% 11.48% 0.42% 10.32% 6.52% 5.76% 5.96% 5.54% (8.01%)
FINANCIALS M/N A USD May 18 Nov 11 - Aug 12
Amit Rajpal
PELHAM GLOBAL FINANCIALS 31 Oct 15 M $331M 132.44 30 Apr 18 (4.49%) 6.84% 19.49% 2.17% 1.53% 8.95% 14.17% (11.27%)
FUND Apr 18 Jan 18 - May 18
Pelham Global Financials, Stephen
Kirk
TOSCA CLASS A - USD 30 Sep 00 M $632M 394.06 30 Apr 18 3.75% 9.48% 27.5% -7.45% 14.57% -6.79% 30.5% 8.11% 16.43% (67.54%)
Johnny de la Hey Apr 18 Dec 07 - Nov 08
WELLINGTON MANAGEMENT INV 31 Dec 95 HY $2'777M 283.71 30 Apr 18 (1.70%) 1.82% 27.11% -6.98% 8.16% -1.68% 20.27% 16.15% 16.59% (63.22%)
BERMUDA LTD BAY POND A/1 NI Jan 18 Apr 98 - Mar 99
Nicholas C. Adams, Partner
Equity-Healthcare
Ytd Avg. 2018 6.86%
Ytd Avg. 2018
Equity-Healthcare/Global 6.86%
JENOP GLOBAL HEALTHCARE 31 Oct 12 W $147M 17.15 22 May 18 5.64% 6.86% 24.06% -13.88% -2.68% 21.95% 27.16% 10.19% 16.01% (29.84%)
FUND LTD SERIES A Mar 18 Jul 15 - Jun 16
David Chan
Equity-Mid-Small Cap
Ytd Avg. 2018 (0.34%)
Ytd Avg. 2018
Equity-Mid-Small Cap/Europe 1.11%
CENTRICUS WITTENBERG 31 Aug 13 M $73M 154.60 30 Apr 18 1.33% (3.00%) -1.89% 24.11% 3.48% 18.24% 6.98% 9.79% 7.94% (9.03%)
EUROPEAN SMALL & MID-CAP Apr 18 Apr 14 - Mar 15
FUND
Stephen Alder, Ralph Jainz
PELHAM LONG/SHORT SMALL CAP 31 Oct 14 Q $578M 216.14 30 Apr 18 9.81% 2.40% 39.45% 2.57% 42.71% 3.41% 24.64% 14.54% (13.83%)
FUND LTD Apr 18 May 16 - Jun 16
Ross Turner

Source - HSBC
Ytd Avg. 2018
Equity-Mid-Small Cap/Europe 1.11%
POLAR CAPITAL EUROPEAN 31 Jul 03 M €203M 340.45 25 May 18 0.29% 4.55% 7.39% -4.72% -1.67% 4.77% 11.79% 8.61% 7.25% (21.47%)
FORAGER FUND LTD - AX Mar 18 Oct 07 - Feb 09
Robert Gurner
TALOMON VALUE FUND 30 Sep 14 Q $91M 117.99 30 Apr 18 0.60% 0.50% 9.54% -1.82% 8.4% 0.71% 4.72% 10.04% (12.82%)
Jussi Nyrölä Apr 18 May 16 - Oct 16
Ytd Avg. 2018
Equity-Mid-Small Cap/India (13.63%)
HABROK INDIA FUND LTD A USD 31 Dec 15 Q $39M 175.92 30 Apr 18 3.25% (13.63%) 77.56% 14.7% - 27.41% 23.14% (18.82%)
RESTRICTED Jan 18 Dec 15 - Feb 16
Rahul Khanna
Ytd Avg. 2018
Equity-Mid-Small Cap/UK 1.92%
1798 VOLANTIS FUND LTD CLASS 30 Apr 02 M £237M 657.49 25 May 18 1.75% 1.92% 19.01% 9.73% -4.71% -2.36% 13.72% 12.43% 8.36% (16.47%)
C GBP Apr 18 Jun 14 - Jun 16
Rob Giles & Adam McConkey
Ytd Avg. 2018
Equity-Mid-Small Cap/USA 0.53%
COOPER CREEK PARTNERS LLC 31 Oct 08 Q $160M 189.84 30 Apr 18 3.40% 4.11% -5.23% 4.31% 7.27% 2% 27.15% 6.98% 10.56% (22.12%)
Robert Schwartz Jan 18 Feb 11 - Sep 11
HARBOUR HOLDINGS LTD 31 Dec 85 M $123M 217.83 30 Apr 18 (1.70%) (7.36%) 25.89% 15.02% -13.46% 8.83% 26.65% 16.80% 22.15% (49.05%)
Charles A. Paquelet Apr 18 May 07 - Feb 09
HARVEY PARTNERS LLC 31 Jan 06 Q $108M 2,723.90 30 Apr 18 0.21% (0.50%) 13.66% 13.72% -9.77% 3.63% 15.93% 8.52% 7.18% (13.18%)
Jeff Moskowitz and Jim Schwartz Apr 18 Jun 15 - Jan 16
SENVEST PARTNERS, LTD - 31 Mar 97 Q $1'147M 3,650.47 30 Apr 18 7.35% 8.04% 17.26% 23.23% -17.34% 22.21% 79.39% 18.59% 34.72% (70.54%)
CLASS A Mar 18 Feb 00 - Sep 02
Richard Mashaal
TONGA PARTNERS LP 30 Jun 92 HY $74M 3,057.32 30 Apr 18 6.59% 0.63% -0.48% 22.71% -12.61% 12.36% 34.84% 14.15% 15.05% (50.33%)
J. Carlo Cannell, Cannell Capital LLC Apr 18 Jun 07 - Apr 09
TRISTAN PARTNERS LP 31 May 05 HY $89M 470.97 30 Apr 18 8.50% (1.72%) 15.61% 30.88% -6.76% -3.87% 38.52% 12.74% 16.60% (49.97%)
J. Carlo Cannell, Cannell Capital LLC Apr 18 Jun 07 - Feb 09
Equity-Pharma-Biotech
Ytd Avg. 2018 11.03%
Ytd Avg. 2018
Equity-Pharma-Biotech/USA 11.03%
PERCEPTIVE LIFE SCIENCES 31 Jul 00 M $2'771M 2,880.18 25 May 18 6.39% 11.03% 43.43% 1.64% 49.6% 20.3% 43.88% 20.74% 17.30% (24.43%)
OFFSHORE FUND LTD Dec 17 Dec 07 - Nov 08
Joseph Edelman

Source - HSBC
Equity-Technology
Ytd Avg. 2018 (1.26%)
Ytd Avg. 2018
Equity-Technology/Global (0.52%)
EXANE ARCHIMEDES FUND CLASS 30 Sep 06 W €532M 16,518.59 29 May 18 0.19% (2.27%) -1.25% -3.04% 3.76% 8.21% 3.84% 4.40% 4.42% (8.58%)
A CAP May 18 May 16 - Feb 18
Gilles Lenoir and César Zeitouni
INFLECTION POINT INVESTMENTS 31 Dec 11 M $114M 22.92 30 Apr 18 (1.95%) 1.23% 30.96% 0.89% -1.1% 5.02% 33.82% 13.11% 13.17% (25.25%)
CO LTD - CLASS A Apr 18 Apr 15 - Feb 16
Inflection Point Investments LLP
Ytd Avg. 2018
Equity-Technology/USA (2.75%)
SELIGMAN TECH SPECTRUM 31 Dec 06 M $260M 624.88 30 Apr 18 (4.52%) (2.75%) 19.63% 13.39% 8.35% 30% 11.22% 10.57% 11.26% (19.91%)
FUND CLASS -A1-S/2-2002 Apr 18 May 08 - Nov 08
J. & W. Seligman & Co. Incorporated
Equity-Utility
Ytd Avg. 2018 4.26%
Ytd Avg. 2018
Equity-Utility/Europe 5.78%
CYGNUS UTILITIES, 30 Apr 06 M $187M 1,993.36 30 Apr 18 4.37% 5.78% 4.28% -2.25% -0.98% 4.09% 2.98% 5.91% 7.08% (10.69%)
INFRASTRUCTURE & Apr 18 Nov 09 - Aug 11
RENEWABLES
Cygnus Asset Management
Ytd Avg. 2018
Equity-Utility/Global 2.74%
ELECTRON GLOBAL FUND, L.P. 28 Feb 13 M $840M 149.97 28 May 18 2.61% 2.74% 15% -3.2% 17.63% -2.84% 14.71% 8.03% 6.71% (7.85%)
Electron Capital Partners, LLC Mar 18 May 15 - Aug 15

Source - HSBC
Credit
Ytd Avg. 2018 1.72%
Ytd Avg. 2018
Credit/Global 1.72%
AG SUPER FUND INTERNATIONAL, 30 Apr 93 Y $363M 1,883.65 25 May 18 1.10% 2.25% 2.08% 10.63% -6.41% 2.63% 16.86% 8.75% 5.25% (24.78%)
LTD Mar 18 Jun 07 - Dec 08
Angelo, Gordon & Co./ Michael
Gordon, Josh Baumgarten, Dave
Kamin
BLUEBAY EVENT DRIVEN CREDIT 30 Nov 09 Q €94M 175.28 25 May 18 0.23% 0.49% 10.19% 3.89% -0.66% 14.22% 9.75% 6.83% 4.41% (7.85%)
FUND Mar 18 Jul 15 - Feb 16
BlueBay Asset Management LLP -
Duncan Farley & Tim Leary
IRONSHIELD SPECIAL SITUATIONS 31 Jul 07 Q $230M 249.28 30 Apr 18 0.84% 2.41% 11.37% 8.55% 0.34% 5.34% 16.24% 8.86% 8.65% (16.83%)
L1 FUND Apr 18 Oct 07 - Apr 09
David Nazar and Amit Jain
Equity-Diversified
Ytd Avg. 2018 (8.38%)
Ytd Avg. 2018
Equity-Diversified/Europe (1.95%)
ALPHA UCITS AMBER EQUITY 31 Oct 13 W €278M 1,330.97 29 May 18 0.61% (1.95%) 6.03% 7.17% 14.13% 0.51% 1.99% 5.96% 5.14% (4.64%)
FUND Apr 18 Mar 14 - Oct 14
Amber Capital SGR SPA - Giorgio
Martorelli
Ytd Avg. 2018
MARCATO ENCORE 30 Jun 15 Q $107M 121.55 15 May 18 0.80% (9.36%) 22.6% 14.17% -4.19% 7.02% 12.73% (12.23%)
INTERNATIONAL LTD Dec 17 Jun 15 - Jan 16
Marcato Capital Management, Mick
McGuire
MARCATO INTERNATIONAL LTD 30 Sep 10 Q $766M 199.77 15 May 18 2.30% (8.15%) 25.78% 9.04% -9.31% 5.33% 26.16% 9.50% 14.58% (26.08%)
Richard McGuire, Marcato Capital Dec 17 May 15 - Feb 16
Management LLC
VAZIRANI OFFSHORE LTD 30 Sep 15 Q $75M 125.79 30 Apr 18 (8.26%) (14.06%) 16.71% 16.01% 8.11% 9.29% 12.10% (19.33%)
Vazirani Asset Management LLC, Raj Apr 18 Oct 17 - Apr 18
Vazirani
Merger-Arbitrage
Ytd Avg. 2018 2.65%

Source - HSBC
Ytd Avg. 2018
Merger-Arbitrage/Global 2.65%
TIG ARBITRAGE ENHANCED FUND 31 Dec 06 M $204M 262.13 30 Apr 18 0.39% 2.65% 8.02% 7.29% 1.83% 1.72% 13.34% 8.87% 7.37% (10.97%)
Drew Figdor Apr 18 Oct 07 - Oct 08
Multi-Strategy
Ytd Avg. 2018 (0.84%)
Ytd Avg. 2018
Multi-Strategy/Europe (2.36%)
CYGNUS EUROPA EVENT DRIVEN 30 Jun 10 M $198M 2,136.76 30 Apr 18 1.42% 1.65% -2.75% -5.48% 27.54% 22.57% 32.14% 10.18% 9.17% (15.90%)
FUND Apr 18 Oct 11 - Jul 12
Jose Luis Perez Esteve
PORTLAND HILL FUND SICAV - 31 Aug 14 W $248M 122.32 29 May 18 (3.84%) (4.54%) 9.16% 1.1% 16.31% -0.19% 5.52% 6.83% (6.14%)
CATALYST DRIVEN Apr 18 Jan 18 - May 18
Thierry Lucas
PORTLAND HILL OVERSEAS FUND 31 May 12 M $211M 177.56 30 Apr 18 (0.23%) (1.42%) 16.81% 2.4% 18.46% 0.57% 17.41% 10.19% 7.63% (6.28%)
LTD Apr 18 Dec 15 - Jan 16
Thierry Lucas
TRITON VALUE FUND - B1 31 Aug 15 M €101M 1,454.11 30 Apr 18 0.91% (5.13%) 25.29% 23.03% -0.57% 15.08% 10.35% (6.47%)
Triton Investment Management Mar 18 Jan 18 - Mar 18
Limited, Roger Hagborg
Ytd Avg. 2018
Multi-Strategy/Europe & Asia 2.23%
TT EVENT DRIVEN FUND 28 Feb 15 M $175M 127.49 30 Apr 18 0.48% 2.23% 10.16% 5.91% 6.88% 7.83% 3.06% (1.57%)
Edward Cooper Mar 18 May 16 - Jun 16
Ytd Avg. 2018
Multi-Strategy/Global (0.64%)
BG UMBRELLA FUND PLC 28 Feb 03 M €2'920M 159.72 25 May 18 0.17% 1.66% 7.73% 8.03% 10.77% 4.23% 11.56% 6.92% 5.57% (22.71%)
Boussard & Gavaudan Investment Apr 18 May 07 - Nov 08
Management
CORRE OPPORTUNITIES 31 Jul 09 Q $550M 300.56 30 Apr 18 0.58% 4.00% 14.58% 31.09% -8.7% 6.75% 24.09% 13.40% 7.62% (16.54%)
QUALIFIED MASTER FUND LP May 18 Aug 14 - Feb 16
Corre Partners Management, LLC /
John Barrett, Eric Soderlund
DAVIDSON KEMPNER INTL (BVI) 31 Oct 95 Q $9'167M 578.00 25 May 18 0.14% 1.71% 6.15% 7.56% 1.68% 5.15% 10.24% 8.08% 3.54% (11.22%)
LTD CLASS C Tranche 1 (DKIL) Dec 17 Oct 07 - Nov 08
Thomas L Kempner Jr, Anthony
Yoseloff
ECF VALUE FUND INTERNATIONAL 30 Jun 02 Q $2'042M 759.40 30 Apr 18 (2.90%) (2.82%) 16.37% 30.37% -20.57% -2.28% 18.9% 13.65% 16.04% (43.83%)
LTD Feb 18 May 07 - Dec 08
Gates Capital Management Inc.

Source - HSBC
Ytd Avg. 2018
Multi-Strategy/Global (0.64%)
GREYWOLF CAPITAL OVERSEAS 31 Jul 03 Q $608M 237.59 31 Mar 18 (0.21%) 0.76% 4.41% -13.02% -14.14% 5.67% 15.74% 6.07% 9.57% (35.55%)
FUND Apr 18 Jun 14 - May 17
Greywolf Capital Management LP
KG INVESTMENT FUND LLC 31 Dec 08 Q $314M 453.99 31 Mar 18 (1.96%) (1.14%) 30.7% 10.82% 12.44% 8.97% 26.85% 17.76% 12.85% (20.31%)
KG Funds Management LLC Mar 18 Dec 08 - Feb 09
KITE LAKE (KL) SPECIAL 31 Jan 11 Q $717M 186.18 30 Apr 18 0.47% 5.51% 10.28% 12.87% 8.99% 1.31% 9.44% 8.95% 5.29% (8.21%)
OPPORTUNITIES FUND LTD Apr 18 Mar 12 - Jun 12
Jamie Sherman & Jan Lernout
MOAB PARTNERS OFFSHORE 31 Mar 06 Q $265M 245.09 25 May 18 (0.30%) (6.29%) 7.07% 10.05% 4.31% 9.77% 18.26% 7.65% 7.01% (16.75%)
FUND LTD Mar 18 Aug 08 - Feb 09
Moab Capital Partners, LLC, Michael
Rothenberg
OMNI EVENT FUND LIMITED 31 Aug 13 M $203M 146.11 30 Apr 18 (1.02%) 2.20% 9.18% 10.89% 16.55% -3.49% 6.34% 8.76% 6.92% (8.29%)
Omni Partners LLP, John Melsom Apr 18 Sep 14 - Oct 14
OWL CREEK OVERSEAS FUND, 31 Jan 02 Y $1'507M 6,037.07 25 May 18 0.70% (1.78%) 21.51% 12.44% -2.95% -8% 48.63% 11.64% 12.27% (20.92%)
LTD Apr 18 Mar 10 - Sep 11
Jeffrey Altman
PERSHING SQUARE INTL.LTD 31 Dec 04 Q/Y $2'119M 3,766.12 22 May 18 4.90% 1.59% -3% -10.2% -16.66% 37.24% 9.3% 10.40% 14.68% (39.81%)
William Ackman Jan 18 Jul 15 - Mar 16
PSAM WORLDARB MASTER FUND 31 Aug 98 Q $714M 434.71 30 Apr 18 0.32% 0.68% 12.97% 13.47% -7.2% 3.51% 18.08% 7.75% 6.39% (29.14%)
LTD May 18 May 07 - Nov 08
P. Schoenfeld Asset Management LP
TRIAN PARTNERS LTD 31 Dec 05 Q $2'130M 243.84 30 Apr 18 (1.06%) (6.14%) 3.64% 10.94% 4.38% 10.52% 40.06% 7.49% 12.50% (30.56%)
Nelson Peltz, Peter May & Ed Garden Jan 18 May 07 - Feb 09
TWIN OFFSHORE FUND LTD 31 Aug 02 M $135M 271.91 15 May 18 2.32% (11.66%) 7.31% 7.71% 4.15% -9.15% 11.29% 6.57% 8.74% (19.40%)
Twin Capital Management, LLC, Dec 17 Aug 14 - Jan 16
David Simon
WHITEBOX MULTI-STRATEGY 31 Dec 01 Q $591M 688.88 25 May 18 0.58% 2.06% 6.77% 15.46% -2.78% 6.16% 18.09% 12.48% 8.86% (34.40%)
FUND Dec 17 Jun 08 - Dec 08
Robert Vogel

Source - HSBC
Fixed Income
Ytd Avg. 2018 0.49%
Ytd Avg. 2018
Fixed Income/Global 0.49%
AXONIC SYSTEMATIC ARBITRAGE 31 Mar 12 M $298M 160.94 30 Apr 18 0.70% (6.86%) 12.39% 20.91% -8.59% 18.54% 22.84% 8.13% 9.72% (10.45%)
OVERSEAS FUND LTD Mar 18 May 15 - Jan 16
Arnaud De Bevy
BLACKROCK FIXED INCOME 30 Sep 06 M $2'515M 240.76 30 Apr 18 0.49% 0.51% 7.72% 1.13% 2.77% 3.78% 6.04% 7.74% 4.83% (10.54%)
GLOBAL ALPHA FUND Apr 18 Jun 08 - Dec 08
Tom Parker
BLACKROCK OBSIDIAN FUND 30 Jun 96 M $1'956M 8,132.40 25 May 18 0.00% 2.78% 6.47% 6.96% -0.14% 5.23% 10.83% 10.04% 8.87% (20.93%)
Stuart Spodek Apr 18 Jan 08 - Feb 09
BTG PACTUAL RATES FUND LP 31 Jul 11 M $128M 145.20 30 Apr 18 0.41% 0.76% 6.71% 7.94% 3.5% 1.68% 0.84% 5.68% 3.78% (4.67%)
John Fath Apr 18 Apr 13 - Jun 13
CAPULA GLOBAL RELATIVE VALUE 30 Sep 05 Q $10'294M 298.28 28 May 18 0.40% 2.28% 3.82% 8.33% 7.53% 8.15% 7.56% 9.01% 3.98% (7.41%)
FUND LTD CLASS -A- May 18 Feb 08 - Mar 08
Yan Huo, Masao Asai
III FUND LTD 30 Jun 93 M $224M 4,498.39 25 May 18 1.23% 3.48% 0.49% 5.79% 1.65% 2.87% 13.44% 6.22% 10.15% (54.77%)
Cliff G Viner Apr 18 Jan 08 - Nov 08

Source - HSBC
Arbitrage
Ytd Avg. 2018 1.89%
Ytd Avg. 2018
Arbitrage/Global 1.89%
HSBC MAA FUND USD 15 Jun 95 Q/M $55M 234.75 18 May 18 0.32% 1.89% 3.86% -1.2% 2.06% 4.48% 4.95% 3.79% 4.34% (25.30%)
HSBC Alternative Investments Limited Apr 18 Jul 07 - Dec 08
Event Driven
Ytd Avg. 2018 (0.40%)
Ytd Avg. 2018
Event Driven/Global (0.40%)
GEMS PROGR. FUND SICAV 31 Dec 01 Q $73M 2,386.73 18 May 18 1.11% (0.12%) 10.56% -5.03% -5.31% -0.44% 8.61% 5.45% 6.16% (23.23%)
RECOVERY PORTFOLIO REGULAR Jun 15 Jun 08 - Dec 08
USD
David Goldfarb, Miguel Abadi, Cedric
Carrol
HSBC SPECIAL OPPORTUNITIES 28 Feb 07 Q $38M 144.86 18 May 18 0.20% (0.67%) 5.87% 5.35% -3.33% 4.75% 13.97% 3.36% 8.63% (35.45%)
FUND LTD - USD CLASS Apr 18 Jun 08 - Mar 09
HSBC Alternative Investments Limited
Long/Short
Ytd Avg. 2018 1.54%
Ytd Avg. 2018
Long/Short/Global 1.54%
PRIVATE ADVISORS HEDGED 31 Oct 01 Q $547M 223.68 30 Apr 18 0.05% 0.71% 11.52% 0.33% -0.2% 4.91% 14.65% 5.00% 7.33% (34.42%)
EQUITY FUND (PAHEF) Mar 18 Dec 07 - Dec 08
Private Advisors, Charles Honey
PRIVATE ADVISORS 30 Apr 14 Q $103M 121.02 30 Apr 18 1.14% 2.36% 9.05% 6.69% 1.6% 0.02% 4.88% 7.23% (12.06%)
UNDISCOVERED VALUE FUND Mar 18 Jul 15 - Feb 16
(UVF)
Private Advisors, Charles Honey
Macro
Ytd Avg. 2018 2.18%
Ytd Avg. 2018
Macro/Global 2.18%
MASTERS FUND LTD MAGNOLIA 31 Dec 96 Q $222M 5,354.74 20 Apr 18 0.67% 2.18% -4.4% 3.11% 1.11% 1.97% 11.1% 8.19% 8.03% (9.96%)
SERIES Apr 18 Jul 98 - Oct 98
Sean M. Doyle

Source - HSBC
Multi-Strategy
Ytd Avg. 2018 1.43%
Ytd Avg. 2018
Multi-Strategy/Global 1.43%
DIAMOND NEUTRAL FUND CLASS 31 Oct 02 Q $65M 197.78 30 Apr 18 0.04% 2.97% 5.19% -1.82% 2.62% 1.42% 10.45% 4.50% 3.93% (14.18%)
A1 Mar 18 Jun 08 - Dec 08
Elchanan Jaglom, Daniel Jaglom
GAM DIVERSITY I INC - US$ CLASS 31 Dec 89 M $100M 761.44 30 Apr 18 0.07% 1.59% 1.94% -0.46% -2.38% 0.19% 10.49% 7.42% 7.52% (19.64%)
David Smith Mar 18 Jan 94 - Jan 95
GAM TRADING II USD 30 Apr 97 M $105M 338.98 30 Apr 18 0.43% 0.43% -1.88% 0.1% 0.46% 4.08% -0.45% 5.98% 5.64% (7.34%)
David Smith, Arvin Soh Apr 17 Apr 13 - Oct 13
GOLDMAN SACHS FUNDS II - 31 Dec 15 Q $874M 107.23 30 May 18 (0.06%) (0.18%) 1.57% 5.3% - 2.75% 3.43% (2.76%)
GLOBAL MULTI-MANAGER Jan 18 Dec 15 - Jan 16
ALTERNATIVE PORTFOLIO
Goldman Sachs Asset Management -
Robert Mullane & Kent Clark
HSBC GH FUND USD 31 May 96 M $1'913M 374.93 18 May 18 0.84% 2.61% 4.75% 1.57% 3.51% 4.77% 8.51% 6.20% 5.86% (18.30%)
HSBC Alternative Investments Limited Mar 18 Jun 08 - Dec 08
HSBC UCITS ADVANTEDGE FUND - 31 Oct 09 W $181M 92.65 23 May 18 0.41% 1.18% 2.06% -7.22% -1.97% -1.57% 7.25% (0.88%) 3.65% (12.86%)
USD CLASS Apr 18 May 15 - Nov 16
Hsbc Alternative Inv. Ltd
Trading
Ytd Avg. 2018 (0.78%)
Ytd Avg. 2018
Trading/Global (0.78%)
HSBC TRADING ADVANTEDGE 31 Oct 05 M $59M 162.46 18 May 18 1.58% (0.78%) -0.41% 5.3% 3.29% 16.59% -8.75% 3.94% 9.31% (20.93%)
FUND Apr 18 Apr 11 - Sep 13
HSBC Alternative Investments Limited

Source - HSBC
Equity-Diversified
Ytd Avg. 2018 3.65%
Ytd Avg. 2018
Equity-Diversified/Emerging 2.47%
RUSSIAN PROSPERITY FUND - A 31 Aug 96 W $849M 270.91 24 May 18 2.00% 2.47% 29.47% 58.66% -3.1% -43.99% 3.11% 16.55% 41.66% (90.26%)
Alexander Branis May 18 Jul 97 - Jan 99
Ytd Avg. 2018
EQUITILE RESILIENCE FEEDER 29 Feb 16 D 146.30 29 May 18 6.14% 10.97% 27.2% 3.65% 18.46% 9.62% (4.73%)
FUND CLASS C HEDGED GROSS Feb 18 - Mar 18
ACCOUNT
Equitile Investments Ltd - George
Cooper
LANSDOWNE DEVELOPED 31 Oct 12 M $3'187M 226.08 25 May 18 0.92% 1.05% 28.8% -5.33% 9.79% 8.08% 46.29% 15.77% 11.33% (13.50%)
MARKETS LONG ONLY FUND LTD Jan 18 Oct 15 - Jun 16
CLASS A USD
LANSDOWNE EUROPEAN LONG 31 Dec 04 M $369M 110.00 25 May 18 1.87% 0.11% 17.06% -0.47% 11.74% 0.05% 27.18% 8.58% 14.89% (45.96%)
ONLY FUND LTD Jan 18 May 07 - Feb 09
Daniel Avigad

Source - HSBC
Commodity
Ytd Avg. 2018 1.32%
Ytd Avg. 2018
Commodity/Global 1.32%
ALPHAGEN RELATIVE VALUE 31 Oct 10 M $84M 146.10 25 May 18 1.00% 0.32% 0.78% 1.2% 4.65% 3.36% 11.43% 5.14% 7.14% (10.93%)
AGRICULTURE FUND Mar 18 Jun 11 - Apr 12
Ian Bowler, Phillip Pyle
ANDURAND COMMODITIES FUND 31 Jan 13 M $1'200M 1,855.94 30 Apr 18 11.50% 4.00% 2.18% 22.12% 4.05% 38.31% 25.02% 17.54% 19.24% (17.25%)
Pierre Andurand Dec 17 Dec 16 - May 17
MERCHANT COMMODITY FUND 31 May 04 M $145M 525.89 30 Apr 18 2.10% (0.36%) -11.6% 8.55% -3.23% 59.33% 15.77% 12.66% 20.59% (36.93%)
(THE) - COMPOSITE Apr 18 Dec 10 - Oct 11
Michael Coleman and Doug King
Commodity-Systematic
Ytd Avg. 2018 4.66%
Ytd Avg. 2018
Commodity-Systematic/Global 4.66%
ARCTIC BLUE ORIGINAL 2X 31 May 14 M $177M 110.93 30 Apr 18 0.73% 1.81% -12.47% -6.2% 8.4% 22.42% 2.68% 13.69% (30.24%)
Jean-Jacques Duhot Apr 18 Jun 16 - Nov 17
MILLBURN COMMODITY 28 Feb 05 M $267M 255.41 30 May 18 3.35% 7.51% 7.91% -1.89% 25.5% 28.09% -7.65% 7.33% 12.21% (30.96%)
PROGRAM Apr 18 Apr 11 - Nov 13
Millburn Ridgefield Corporation
Currency
Ytd Avg. 2018 0.33%
Ytd Avg. 2018
Currency/Asia (0.61%)
DYMON ASIA MACRO FUND - 31 Jul 08 M $3'136M 179.32 25 May 18 0.80% 0.01% -7.79% 14.32% -9.81% 19.23% 5.63% 6.13% 10.64% (13.69%)
CLASS X Mar 18 Jul 08 - Sep 08
Danny Yong
THE CAMBRIDGE STRATEGY - 31 Jan 06 M $34M 164.46 27 Apr 18 (5.93%) (1.23%) -4.4% -6.75% 4.79% 8.5% 1.13% 4.15% 7.74% (13.23%)
ASIAN MARKETS CURRENCY Dec 17 Aug 15 - Apr 18
ALPHA
Alexandra Edstein
Ytd Avg. 2018
Currency/Global 0.96%
IPM SYSTEMATIC CURRENCY 31 Mar 05 M $118M 177.13 30 Apr 18 3.85% 9.56% -2.5% 9.43% 2.59% 7.45% 4.98% 5.21% 9.62% (13.92%)
FUND Apr 18 Mar 06 - Aug 06
Björn Osterberg

Source - HSBC
Ytd Avg. 2018
Currency/Global 0.96%
KO-ZHOU FUNDAMENTAL FX 28 Feb 15 M $106M 110.21 15 May 18 (0.24%) (0.75%) 2.9% 1.97% 5.83% 3.07% 5.80% (6.21%)
FUND Mar 18 Sep 16 - Jan 18
Joe Zhou,
THE CAMBRIDGE STRATEGY - 31 Jan 08 M $130M 178.90 27 Apr 18 (4.31%) (5.94%) 0.14% -3.86% 8.26% 16.82% 0.27% 5.84% 8.15% (14.91%)
EMERGING MARKETS CURRENCY Dec 17 Apr 16 - Apr 18
ALPHA
Andrew Saunders
Diversified
Ytd Avg. 2018 1.75%
Ytd Avg. 2018
Diversified/Asia 0.12%
ASTIGNES ASIA RATES MASTER 31 Jan 07 M $624M 206.10 30 Apr 18 0.28% 1.80% 1.42% -0.69% 2.7% 5.69% 12.15% 6.64% 4.76% (6.62%)
FUND LTD Mar 18 Aug 15 - Apr 17
Astignes Capital Asia Pte Ltd
BREVAN HOWARD ASIA FUND 30 Sep 04 M $1'566M 260.39 31 Dec 17 0.14% 0.45% 2.31% 5.2% 3.54% 11.56% 7.55% 3.66% (3.24%)
LIMITED Apr 18 Jan 16 - Sep 16
Kaspar Ernst, Minal Bathwal
GRATICULE ASIA MACRO FUND 28 Feb 11 Q $4'050M 1,677.52 25 May 18 (0.72%) 0.22% 7.09% 6.03% 1.76% -1.21% 17.08% 7.41% 5.39% (6.81%)
Adam Levinson Apr 18 May 15 - Feb 16
MAX GIANT MACRO FUND 31 Dec 14 M $46M 114.48 30 Apr 18 (1.25%) (2.33%) 9.44% 6.68% 0.39% - 4.14% 6.24% (5.53%)
Max Group Capital Ltd Apr 18 May 15 - Sep 15
RV CAPITAL ASIA OPPORTUNITY 31 Dec 11 M $221M 170.86 30 Apr 18 0.10% 0.79% 7.95% 5.47% -0.94% 9.95% 13.06% 8.82% 4.12% (4.45%)
FUND Jan 18 May 15 - Feb 16
Ranodeb Roy, RV Capital
Management Private Ltd
Ytd Avg. 2018
Diversified/Emerging 0.95%
FINISTERRE GLOBAL 31 Mar 06 M $1'159M 231.20 30 Apr 18 (1.40%) (1.68%) -1.52% 5.12% 6.37% 11.35% 5.36% 7.18% 6.75% (18.02%)
OPPORTUNITY FUND Apr 18 Jun 08 - Oct 08
Darren Walker
GAVEA FUND LTD . CLASS A S/1 31 Jul 03 Q $274M 260.95 11 May 18 1.22% 3.50% -1.82% 3.45% 11.51% -5.31% 2.71% 6.70% 6.67% (12.50%)
Fraga Arminio and Gabriel Srour Mar 18 Jul 08 - Oct 08
GREEN FUND LLC - CLASS I 31 Jan 01 M $370M 762.31 24 May 18 (2.35%) (1.13%) -2.62% 7.82% 4.69% -3.49% 9.9% 11.69% 12.65% (33.00%)
Luis Stuhlberger Dec 17 Jun 08 - Nov 08
PHARO AFRICA FUND LTD 31 Jan 13 Q $284M 1,542.32 30 Apr 18 1.43% 6.49% 26.05% 18% -7.03% -0.18% 4.92% 8.61% 7.66% (18.49%)
Nicolas Sagna Apr 18 Aug 14 - Aug 15

Source - HSBC
Ytd Avg. 2018
PHARO GAIA FUND, LTD 30 Nov 08 Q $4'555M 3,490.43 30 Apr 18 (1.15%) 3.66% 27.3% 14.18% 7.94% 17.5% 6.73% 14.16% 11.85% (14.76%)
Guillaume Fonkenell and Michael Apr 18 May 13 - Jun 13
Skarbinski
PHARO TRADING FUND, LTD 30 Nov 00 M $543M 7,376.16 30 Apr 18 (2.30%) 5.95% 28.43% 11.93% -9.25% 12.47% 19.65% 12.15% 10.89% (17.68%)
Guillaume Fonkenell Apr 18 Aug 14 - Dec 15
SCHRODER ISF EMERGING 31 Jan 02 D $5'389M 38.25 30 May 18 (2.20%) (1.50%) 8.46% 9.75% -4.87% 0.62% 0.8% 6.73% 5.38% (9.31%)
MARKET DEBT A/R -I ACC- Dec 17 Mar 08 - Oct 08
Abdallah Guezour
SPINNAKER GLOB OPP FUND, LTD 31 Jan 01 M $706M 533.61 30 Apr 18 (3.94%) (4.73%) 7.12% 1.26% -2.3% 6.64% 1% 10.19% 10.74% (31.78%)
COMPOSITE Jan 18 May 08 - Feb 09
Jorge Rosas
SPINNAKER GLOBAL EMERGING 30 Jun 99 Q $960M 2,508.98 30 Apr 18 (0.76%) (1.97%) 11.97% 10.65% 7.08% -3.57% 3.4% 18.65% 11.05% (33.18%)
MARKETS FUND, LTD Jan 18 May 08 - Feb 09
Alexis Habib
Ytd Avg. 2018
Diversified/Global 2.22%
AVIVA INVESTOR 31 Jul 14 D €4'096M 105.85 29 May 18 (1.69%) (0.18%) -2.92% 0.43% 4.07% 4.08% 1.39% 4.10% (3.63%)
MULTI-STRATEGY TARGET Mar 18 Nov 15 - Mar 18
RETURN FUND I EUR
Peter Fitzgerarld, Ian Pizer, Dan
James, Brendan Walsh
BLUEBAY GLOBAL SOVEREIGN 30 Nov 15 D $923M 121.92 25 May 18 (0.98%) 2.32% 6.29% 11.75% 0.31% 8.30% 4.46% (2.21%)
OPPORTUNITIES FUND Apr 18 Feb 17 - May 17
Russel Matthews
BREVAN HOWARD FUND, LTD - 31 Mar 03 M $4'161M 298.62 30 Apr 18 0.96% 1.19% -5.4% 3.03% -1.96% -0.79% 2.68% 7.79% 6.74% (10.01%)
USD CLASS A Apr 18 Apr 13 - Sep 16
Alan Howard
BTG PACTUAL GLOBAL EM. MKTS 31 Jan 09 M $459M 2,978.83 30 Apr 18 (0.03%) 1.22% 7.71% -1.81% 5.13% -4.88% 9.68% 12.36% 7.04% (12.76%)
AND MACRO FD Apr 18 Jun 14 - Jan 15
BTG Pactual Global Asset
Management
BW GLOBAL ENHANCED 31 Mar 15 M $405M 115.91 30 Apr 18 (0.74%) 3.93% 9.52% 12.3% -9.32% 4.90% 7.60% (10.20%)
ABSOLUTE RETURN MASTER Dec 17 Mar 15 - Sep 15
FUND LP
Brandywine Global, David Hoffman,
Steve Smith, Jack McIntyre, Anujeet
Sareen
CAXTON GLOBAL INVESTMENT 31 Jan 97 Q $4'579M 905.60 29 May 18 0.79% 6.40% -13.17% 6.38% 3.53% -1.38% 18.16% 10.88% 7.62% (13.17%)
LTD Mar 18 Dec 16 - Dec 17
Andrew E. Law

Source - HSBC
Ytd Avg. 2018
DG MACRO FUND LTD 31 Mar 04 M $410M 186.16 29 May 18 1.39% 3.54% 1.03% 1.79% -1.32% 2.53% 9.34% 4.48% 8.74% (34.17%)
David Gorton Apr 18 Jan 08 - Dec 08
EDL GLOBAL OPPORTUNITIES 31 Aug 15 M $783M 126.33 25 May 18 (0.76%) (0.71%) 5.95% 18.35% 1.46% 8.92% 8.66% (3.95%)
FUND LTD Mar 18 Jan 18 - May 18
EDL Capital (UK) Ltd / Edouard de
Langlade
EPISODE INC. CLASS A 31 Jul 05 Q $1'553M 179.80 25 May 18 (0.81%) 1.27% 8.94% 7.38% 2.51% 7.77% 6.14% 4.68% 9.92% (32.77%)
David Fishwick / Tony Finding Apr 18 Oct 07 - Feb 09
GAM GLOBAL RATES HEDGE 31 Jan 04 M $189M 211.06 30 Apr 18 (2.50%) (2.01%) -2.26% -4.89% 1.72% 4.72% -0.11% 5.38% 7.40% (12.94%)
FUND Mar 18 Jul 15 - Apr 18
Adrian Owens
GEMSSTOCK FUND - B1 USD 30 Nov 10 M $1'090M 264.53 30 Apr 18 (2.30%) 1.29% 8.51% 19.86% 12.42% 6.19% 23.95% 13.69% 14.34% (20.66%)
Al Breach & Darren Read Mar 18 Apr 11 - Sep 11
GRAHAM ABSOLUTE RETURN 31 Dec 04 Q $2'501M 503.93 29 May 18 1.74% 7.22% -6.86% 11.78% 1.43% 10.42% 10.5% 10.78% 9.40% (13.31%)
TRADING LTD Apr 18 May 07 - May 08
Graham Capital Management, L.P.
GRAHAM GLOBAL INVESTMENT 31 May 04 Q $1'941M 137.00 29 May 18 0.62% 6.52% -10.28% 12.06% -0.36% 6.53% 7.57% 9.05% 10.08% (30.81%)
FUND II - DISCRETIONARY Apr 18 May 07 - Jun 08
ENHANCED VOL -CLASS - B -
Kenneth G. Tropin
GRAHAM GLOBAL INVESTMENT 31 May 04 Q $1'941M 282.67 29 May 18 0.33% 3.36% -5.36% 5.96% -0.34% 3.17% 3.63% 5.03% 5.06% (14.81%)
FUND- DISCRETIONARY Apr 18 May 07 - Jun 08
Kenneth G. Tropin
JPMORGAN INVESTMENT GLOBAL 30 Apr 05 D €4'674M 168.33 30 May 18 (1.22%) 0.84% 15.2% -4.81% 10.43% 13.75% 16.29% 5.61% 7.47% (21.35%)
MACRO OPPORTUNITIES C (ACC) Jan 18 Oct 07 - Feb 09
EUR
James Elliot, Shrenick Shah, Talib
Sheikh
MKP ENHANCED OPPORTUNITY 31 Jul 13 M $525M 105.71 30 Apr 18 0.00% 1.11% -2.24% 5.46% 0.81% -3.62% 4.36% 1.18% 7.41% (11.73%)
OFFSHORE, LTD Apr 18 Mar 15 - Aug 16
MKP Capital Management, LLC
MKP OPPORTUNITY OFFSHORE, 31 Jul 01 M $1'896M 316.27 30 Apr 18 0.13% 1.15% -1.24% 3.85% 0.71% -2.17% 7.11% 7.11% 5.31% (7.67%)
LTD Apr 18 Mar 15 - Aug 16
MKP Capital Management, L.L.C.
MLM MACRO PEAK PARTNERS 31 Mar 02 M $660M 2,700.82 25 May 18 (5.36%) 2.40% -3.04% -0.87% 1.44% 13.66% 23.84% 6.34% 16.81% (36.99%)
OFFSH FD, LTD - B Apr 18 Dec 10 - May 12
Timothy Rudderow
MOORE GLOBAL INV FD, LTD - A $ 31 Dec 89 Q $3'400M 63,891.79 17 May 18 (0.00%) 2.18% 1.04% 5.13% 3.43% 1.74% 17.02% 15.77% 11.16% (18.45%)
Louis Bacon Sep 17 Jan 94 - Feb 95

Source - HSBC
Ytd Avg. 2018
MOORE MACRO MANAGERS 31 Jul 93 Q $4'500M 15,953.35 17 May 18 1.33% 6.05% 0.59% 0.04% 3.12% 5.54% 13.49% 11.81% 7.88% (14.47%)
FUND, LTD CLASS -A- Sep 17 Jan 94 - Feb 94
Louis Bacon
PHARO MACRO FUND, LTD 30 Apr 05 Q $4'843M 4,268.09 30 Apr 18 (0.20%) 6.66% 16.52% 7.47% 3.57% 8.23% 18.51% 11.80% 8.11% (9.64%)
Pharo Team Apr 18 Jun 08 - Nov 08
PIMCO ABSOLUTE RETURN 31 Mar 02 Q $1'455M 2,632.74 30 Apr 18 0.26% (1.57%) 3.54% 0.75% 4.54% 5.86% -0.44% 6.20% 7.58% (25.88%)
STRATEGY IV OFFSHORE FUND II , Apr 18 May 08 - Nov 08
CL. A/1
Qi Wang
PWP GLOBAL MACRO FUND 30 Sep 13 M $292M 117.38 30 Apr 18 0.02% (5.97%) 14.18% -2.31% -5.47% 17.22% 1% 3.56% 7.63% (9.80%)
Maria Vassalou, Apr 18 Jan 15 - Nov 16
RUBICON GLOBAL FUND, LTD 31 Oct 99 M $319M 402.52 25 May 18 3.12% 3.00% -34.85% 7.28% 5.41% 1.72% 18.27% 7.78% 15.77% (36.03%)
Paul Brewer Jan 18 Dec 04 - May 07
SPX SEGREGATED PORTFOLIO 31 Dec 11 M $564M 207.41 30 Apr 18 1.43% 8.82% 15.15% 11.44% 25.89% -8.03% 17.39% 12.21% 10.85% (10.81%)
EAGLE Apr 18 Aug 13 - Dec 14
SPX International Asset Management
Ltd
STANDARD LIFE GLOBAL 31 Dec 13 D €402M 9.55 30 May 18 (1.87%) (4.20%) 0.55% -8.85% 8.32% -1.12% - (1.38%) 5.30% (12.20%)
FOCUSED STRATEGIES (GFS) Apr 18 Dec 15 - May 18
FUND
Standard Life Investments
TM FULCRUM DIVERSIFIED 31 Mar 12 D £998M 12,140.00 29 May 18 (0.88%) 0.73% 2.58% -0.47% 1.54% 2.02% 12.47% 3.32% 4.38% (7.87%)
ABSOLUTE RETURN FUND - C Mar 18 May 15 - Jun 16
CLASS
Fulcrum Investment Team
TT INTERNATIONAL FUND 31 Aug 89 M $206M 7,481.31 30 Apr 18 0.55% 1.52% 13.75% -6.91% -0.58% -8.57% 7.65% 7.22% 13.46% (27.05%)
Tacchi Tim Apr 18 Jan 94 - Jan 95
TUDOR B.V.I GLOBAL FUND LTD 31 Dec 11 Q $2'644M 140,860.49 30 Apr 18 0.93% 6.32% -2.21% 0.96% 1.42% 3.47% 14.29% 4.92% 6.23% (6.01%)
-A- ALT SERIES 01 Dec 17 Mar 15 - Aug 16
Paul Tudor Jones
Fixed Income
Ytd Avg. 2018 (2.67%)
Ytd Avg. 2018
Fixed Income/Global (2.67%)
MARKHAM RAE DISCRETIONARY 30 Sep 11 M $100M 9.79 11 May 18 (0.09%) (2.67%) -13.84% 0.02% 5.83% 6.89% -6.81% (0.31%) 8.31% (19.31%)
MACRO FUND Apr 18 May 13 - Jul 14
Christopher Brandt

Source - HSBC
Systematic
Ytd Avg. 2018 0.08%
Ytd Avg. 2018
Systematic/Global 0.08%
HIGHER MOMENT AURORA FUND 31 Mar 08 M $76M 170.49 30 Apr 18 (1.02%) (4.15%) 12.1% -0.59% -4.99% 11.69% 5.5% 5.43% 6.39% (9.63%)
LP Dec 17 Jun 09 - Aug 09
Ravi Singh
HIGHER MOMENT CAPITAL 30 Nov 09 M $175M 493.17 30 Apr 18 3.23% (0.17%) 0.76% 11.16% 31.61% 12.47% -9.29% 20.87% 21.35% (17.34%)
OPPORTUNITIES, LP Dec 17 Jan 11 - Mar 11
Ravi Singh
IPM SYSTEMATIC MACRO FUND 30 Jun 06 M $1'215M 264.85 30 Apr 18 2.05% 7.38% 2.18% 7.39% 4.39% 14.65% 1.16% 8.65% 10.87% (12.22%)
Björn Osterberg Apr 18 Oct 10 - Sep 11
QUANTEDGE GLOBAL FUND 30 Sep 06 M $1'868M 1,220.86 30 Apr 18 1.44% (2.61%) 38.35% 26.84% -18.26% 29.36% 9.16% 24.10% 28.58% (44.65%)
Quantedge Capital Pte Ltd Apr 18 Feb 08 - Oct 08
SECOR ALPHA MASTER FUND LP 31 Aug 12 Q $324M 148.65 25 May 18 4.10% (0.03%) -1.9% 3.01% 8.29% 28.51% 3.39% 7.16% 10.33% (8.67%)
SECOR Capital Advisors, Ray Mar 18 Nov 15 - Apr 18
Iwanowski

Source - HSBC
Currency
Ytd Avg. 2018 (1.15%)
Ytd Avg. 2018
Currency/Global (1.15%)
ORTUS AGGRESSIVE FUND 29 Feb 04 Q $140M 335.41 15 May 18 (0.37%) (1.15%) 7.96% 4.37% 0.87% 18.72% -30.11% 8.89% 27.07% (62.89%)
(CAYMAN) LTD Apr 18 Jul 08 - Oct 08
Joe Zhou,
Diversified
Ytd Avg. 2018 (1.69%)
Ytd Avg. 2018
Diversified/Global (1.69%)
AHL DIMENSION 30 Jun 06 M $5'300M 1.06 25 May 18 1.49% (1.69%) 3.91% -1.48% 6.79% 16.5% 2.64% 5.02% 8.62% (10.63%)
Tim Wong, Nick Granger Mar 18 Dec 08 - Jan 10
Systematic
Ytd Avg. 2018 (2.42%)
Ytd Avg. 2018
Systematic/Global (2.42%)
AHL EVOLUTION 31 Aug 05 M $3'400M 1.79 25 May 18 0.93% (3.06%) 17.86% 6.17% 3.17% 20.31% 16.92% 13.46% 11.54% (13.16%)
Tim Wong , Matthew Sargaison Mar 18 Jun 08 - Oct 08
AHL ALPHA 30 Sep 95 M $4'100M 1.28 25 May 18 1.06% (2.73%) 5.25% -3.03% 1.51% 22.83% -1.51% 11.02% 11.96% (12.29%)
Tim Wong, Matthew Sargaison Mar 18 Oct 01 - Feb 02
AHL DIVERSIFIED 29 Feb 96 W $2'900M 1.32 25 May 18 1.30% (6.06%) 5% -7.59% -2.68% 33.79% -3.05% 11.15% 16.33% (19.53%)
Tim Wong, Matthew Sargaison Mar 18 Oct 01 - Apr 02
ALPHAQUEST ORIGINAL 30 Apr 99 M $1'364M 806.15 25 May 18 1.69% 21.89% -12.95% 7.03% 5.69% 16.27% 15.94% 11.56% 20.15% (29.40%)
PROGRAM (AQO) Apr 18 Feb 16 - Aug 17
Quest Partners LLC
ALTIS GLOBAL TREND PORTFOLIO 30 Jun 14 D $46M 81.96 30 Apr 18 (0.96%) (12.03%) -12.86% -17.27% 9.57% 17.96% (5.06%) 22.44% (42.49%)
Altis Partners (Jersey) Limited, Apr 18 Feb 16 - Apr 18
Zbigniew Hermaszewski
ASPECT DIVERSIFIED FUND - 30 Nov 98 W $735M 382.15 29 May 18 (10.34%) (7.39%) 5% -9.17% 7.88% 32.04% -4.44% 7.11% 15.95% (22.19%)
CLASS A Feb 18 Feb 12 - Mar 14
Anthony Todd
BH-DG SYSTEMATIC TRADING 30 Apr 06 D $324M 202.24 25 May 18 2.80% 0.54% 6.86% 2.97% -1.43% 10.81% 2.09% 6.00% 11.36% (15.21%)
FUND LTD Apr 18 Apr 11 - Apr 14
BH-DG Systematic Trading LLP
BORONIA DIVERSIFIED FUND 31 Aug 93 M $46M 1,884.10 30 May 18 1.98% 11.27% -14.84% -1.17% -4.54% 14.33% 13.23% 7.80% 11.55% (23.95%)
MASTER Feb 18 Jul 16 - Dec 17
Richard Grinham and Angus Grinham

Source - HSBC
Ytd Avg. 2018
CAMPBELL OFFSHORE FUND 30 Jun 02 M $259M 3,834.62 29 May 18 (3.79%) (2.28%) 7.81% -3.49% 1.29% 14.37% 11.33% 5.91% 11.32% (22.92%)
LIMITED SPC - ABSOLUTE RETURN Apr 18 Jun 07 - Aug 07
CLASS B
Campbell & Company
CAMPBELL OFFSHORE FUND 31 Jan 98 M $2'676M 3,949.40 29 May 18 (4.60%) (7.92%) 5.1% -10.1% -2.99% 19.92% 12.57% 6.99% 13.29% (22.46%)
LIMITED SPC - CAMPBELL Apr 18 Mar 15 - Jun 17
MANAGED FUTURES CLASS A
Campbell & Company
CANTAB CAPITAL PARTNERS 28 Feb 07 M $1'400M 1,972.04 25 May 18 (2.09%) (13.10%) 30.96% -7.39% -8.24% 39.31% -27.65% 6.37% 17.91% (34.86%)
QUANTITATIVE FUND (THE) - USD Apr 18 Apr 13 - Apr 14
ARISTARCHUS
Ewan Kirk, Cantab Capital
CRABEL FUND SPC LTD CLASS A - 28 Feb 98 M $330M 6,205.55 31 Mar 18 0.21% 6.61% -3.7% 5.22% -1.74% 8.67% 2.2% 9.51% 15.07% (16.71%)
Fee Option 1 Mar 17 Oct 98 - Jun 99
Toby Crabel
DB PLATINUM IV DBX SYSTEMATIC 30 Jun 10 W $1'394M 138.81 23 May 18 0.65% 1.04% 7.72% -3.62% -0.06% 14.41% 6.63% 4.24% 8.06% (8.98%)
ALPHA INDEX FUND - CLASS I1CU Jan 18 Mar 15 - Nov 16
DB Platinum Advisors
DISCUS FEEDER LTD CL. B USD 31 Dec 90 M $55M 1,512.87 25 May 18 4.31% 0.68% 12.05% 6.44% 8.35% 15.4% -10.32% 10.63% 15.29% (34.56%)
STANDARD LEVERAGE Mar 18 Jun 94 - Oct 95
Team managed
DUNN WMA FUND SA 31 Dec 10 M $57M 180.33 30 Apr 18 3.88% (7.44%) 21.49% -5.31% 9.66% 35.08% 33.42% 8.37% 24.84% (27.38%)
Dunn Capital Management LLP Apr 18 Aug 11 - Oct 12
DUNN WMA INSTITUTIONAL UCITS 31 Aug 11 D $348M 146.25 06 Apr 18 (1.67%) (3.85%) 12.08% -1.5% 9.14% 24.18% 33.48% 5.93% 17.35% (27.86%)
FUND Jan 18 Aug 11 - Oct 12
Dunn Capital Management LLP
FLORIN COURT CAPITAL 31 Jul 15 M $525M 99.35 15 May 18 2.00% (2.40%) 7.63% -4.32% -1.16% (0.24%) 10.20% (17.65%)
Doug Greenig Mar 18 Feb 16 - Jun 17
FORT GLOBAL CONTRARIAN 30 Sep 02 D $2'721M 4,493.90 25 May 18 1.04% (0.77%) 6.55% 0.77% -1.34% 12.36% 1.62% 10.07% 11.00% (17.42%)
Yves Balcer, Sanjiv Kumar May 18 Mar 08 - Oct 08
FORT GLOBAL DIVERSIFIED 30 Sep 93 W $592M 27,431.06 25 May 18 0.18% (0.78%) 3.24% 7.19% -3.2% 19.02% -4.68% 14.37% 18.13% (26.56%)
Yves Balcer, Sanjiv Kumar May 18 May 99 - Sep 00
FORT GLOBAL UCITS 31 Oct 14 D €493M 1,077.77 25 May 18 0.78% (2.31%) 6.28% 2.43% -0.81% 2.17% 2.12% 8.05% (6.65%)
CONTRARIAN May 18 Sep 16 - Nov 16
Yves Balcer, Sanjiv Kumar
FORT GLOBAL UCITS DIVERSIFIED 30 Sep 15 W €171M 1,022.34 25 May 18 (0.08%) (1.27%) 2.7% 6.51% -5.34% 0.84% 10.17% (8.16%)
Yves Balcer, Sanjiv Kumar May 18 Jul 16 - Oct 16

Source - HSBC
Ytd Avg. 2018
FULCRUM MULTI ASSET TREND 30 Apr 15 D $68M 94.68 30 Apr 18 1.30% (4.32%) 7.35% -3.52% -4.45% (1.80%) 11.11% (10.55%)
FUND Apr 18 Feb 16 - May 16
GRAHAM GIF II PROPRIETARY 30 Jun 99 M $844M 397.16 29 May 18 (0.09%) 1.74% -4.63% 6.52% 0.28% 15.87% 13.74% 7.56% 11.64% (17.91%)
MATRIX SP SIES A Apr 18 Apr 11 - Nov 12
Kenneth G. Tropin
GRAHAM GLOBAL INVESTMENT 28 Feb 15 M $659M 124.95 29 May 18 3.24% 6.86% 12.04% 6.98% -2.44% 7.09% 9.36% (6.79%)
FUND - QUANT MACRO SERIES A Apr 18 May 15 - Aug 15
Graham Capital Management LP
GRAHAM GLOBAL INVESTMENT 31 Jan 95 M $2'548M 400.56 29 May 18 (0.99%) (4.35%) 6.02% -9.44% 0.34% 17.71% 10.04% 6.13% 11.90% (20.69%)
FUND II - K4D-10V Apr 18 Apr 11 - Nov 12
Kenneth G. Tropin
GRAHAM GLOBAL INVESTMENT 30 Sep 01 M $2'548M 252.47 29 May 18 (1.54%) (6.95%) 8.67% -13.16% 1% 27.41% 15.24% 5.71% 17.42% (30.53%)
FUND II - K4D-15V - COMPOSITE Apr 18 Feb 04 - Apr 05
Kenneth G. Tropin
GRAHAM GLOBAL INVESTMENT 30 Sep 06 W $7'788M 117.29 29 May 18 (2.57%) (6.29%) 5.66% -10.73% 5.08% 22.4% 8.53% 6.82% 10.86% (17.83%)
FUND TACTICAL TREND S/A Apr 18 May 15 - Sep 17
Graham Capital Management, L.P.
GRESHAM QUANT ACAR FUND 28 Feb 17 M $60M 115.97 30 Apr 18 8.32% 2.74% 12.88% 13.53% 11.50% (5.16%)
Gresham Investment Management Apr 18 Dec 17 - Mar 18
LLC
GSA TREND FUND 31 Aug 13 D $4'740M 138.70 25 May 18 (1.56%) (6.25%) -3.09% -2.3% 14.91% 32.59% 2.55% 7.15% 14.11% (19.80%)
Jonathan Hiscock, Pavel Zhlobich & Apr 18 Feb 16 - Jun 17
David Khabie-Zeitoune
ISAM SYSTEMATIC TREND FUND 31 May 01 M $3'760M 543.93 31 Mar 18 0.23% (7.86%) 1.66% -12.17% 15.06% 61.95% -10.66% 10.58% 18.46% (34.79%)
CLASS Q Apr 18 Feb 11 - Sep 13
ISAM Systematic Management
KEYNES DYNAMIC BETA 30 Jun 15 D $94M 109.52 25 May 18 (0.52%) 3.44% 10.4% 0.15% -4.23% 3.18% 5.39% (6.24%)
STRATEGY FUND (KDBS) Apr 18 Jul 15 - Nov 16
Wadhwani Asset Management LLP,
Dr. Sushil Wadhwani
KEYNES LEVERAGED 31 Dec 04 W $178M 122.33 25 May 18 (3.27%) 1.38% 3.08% -4.07% 2.28% 15.92% -3.01% 6.54% 11.73% (16.64%)
QUANTITATIVE STRATEGIES FUND Apr 18 Mar 15 - Jun 17
(KLQS)
Dr. Sushil Wadhwani
KEYNES MULTI ASSET VALUE 28 Feb 17 W $709M 92.86 30 Apr 18 (2.60%) (4.27%) -3% (6.16%) 10.07% (9.61%)
FUND LTD (KMAV) - AMX FUND Apr 18 Jan 18 - Apr 18
Dr. Sushil Wadhwani

Source - HSBC
Ytd Avg. 2018
KEYNES MULTI ASSET VALUE 31 May 15 W $417M 88.76 25 May 18 (3.55%) (7.71%) 2.15% -4.61% -1.3% (3.91%) 7.29% (12.59%)
FUND LTD (KMAV) - USD SERIES 2 Mar 18 Apr 16 - May 18
Dr. Sushil Wadhwani
LYNX (BERMUDA) LTD 30 Apr 00 M $1'330M 5,113.85 22 May 18 5.64% (0.13%) -4.04% -3.29% -8.73% 27.03% 11.1% 9.45% 14.87% (30.02%)
Jonas Bengtsson, Svante Bergstrom, Apr 18 Mar 15 - Jun 17
Martin Sandquist
LYNX BERMUDA 1.5 LTD 30 Apr 08 M $290M 161.51 22 May 18 8.44% (1.36%) -7.05% -5.79% -13.76% 42.18% 16.7% 4.88% 23.55% (42.94%)
Jonas Bengtsson, Svante Bergstrom, Apr 18 Mar 15 - Jun 17
Martin Sandquist
MILLBURN DIVERSIFIED 31 Jan 77 M $3'500M 25,361.44 30 May 18 0.53% (4.68%) 5.22% 11.44% 5.57% 17.65% -6.02% 14.32% 17.58% (25.65%)
PROGRAM Apr 18 May 89 - Oct 89
Millburn Ridgefield Corporation
ONE RIVER SYSTEMATIC TREND 30 Nov 14 M $186M 114.44 30 Apr 18 (2.20%) (9.58%) 11.07% -8.51% 18.08% 5.47% 4.02% 16.64% (15.12%)
SP Apr 18 Jan 18 - Apr 18
Eric Peters, Stephen Prajna, Ryan
McRandal
QMS DIVERSIFIED GLOBAL 31 May 10 M $2'660M 155.92 30 Apr 18 2.93% 7.22% -8.16% -10% 2.65% 17.14% 22.88% 5.77% 12.28% (27.57%)
MACRO Apr 18 Mar 15 - Sep 17
QMS Capital Management LP
QUANTICA MANAGED FUTURES 31 Aug 15 D $192M 1,089.11 29 May 18 (3.36%) (4.14%) 11.03% 7.08% -4.44% 3.16% 9.69% (9.00%)
UCITS FUND - CLASS B2 Apr 18 Jan 18 - May 18
Quantica Capital AG
ROY G. NIEDERHOFFER 31 Aug 95 M $517M 211.90 30 May 18 (0.50%) (1.83%) -13.7% -12.74% 4.22% 14.86% 9.31% 3.35% 19.42% (54.92%)
DIVERSIFIED OFFSHORE FUND Jan 18 Nov 08 - Feb 18
R. G. Niederhoffer Capital
Management, Inc.
RQSI GLOBAL ASSET ALLOCATION 31 Oct 12 M $435M 161.03 30 Apr 18 (1.96%) (10.50%) 16.16% 14.46% 3.52% 12.84% 12.48% 9.05% 13.28% (13.09%)
Ramsey Quantitative Systems Inc Apr 18 Apr 15 - Dec 15
SCHRODER GAIA BLUETREND 30 Nov 15 W $335M 81.27 29 May 18 (2.79%) (5.19%) 0.69% -13.67% -1.39% (7.97%) 13.19% (26.18%)
USD C ACC Jan 18 Feb 16 - Sep 17
Leda Braga, Systematica Investments
SMN DIVERSIFIED FUTURES FUND 31 Oct 96 W $60M 276.78 25 May 18 (2.29%) (10.18%) 6.02% -10.53% 0.91% 57.24% -5.95% 6.39% 18.78% (37.70%)
SMN Investment Services GmbH May 18 Dec 08 - Sep 13
SYSTEMATICA ALTERNATIVE 31 Dec 15 M $1'723M 124.07 25 May 18 1.10% (2.35%) 24.67% 1.92% - 9.40% 9.00% (9.66%)
MARKETS FUND LTD (SAM) - May 18 Feb 16 - Sep 16
CLASS C USD
Systematica Investments Limited

Source - HSBC
Ytd Avg. 2018
SYSTEMATICA BLUETREND FUND, 31 Mar 04 M $4'065M 274.40 25 May 18 (0.78%) (4.66%) 1.81% -10.97% 3.44% 12.68% -11.5% 7.39% 14.23% (24.49%)
LTD -USD- CLASS A May 18 Feb 16 - Sep 17
TEWKSBURY INVESTMENT FUND, 31 Dec 90 M $2'073M 20,443.78 25 May 18 2.50% 5.29% -2.73% 8.2% 3.21% 7% 7.57% 11.64% 5.37% (7.85%)
LTD - B Mar 18 Apr 16 - Aug 16
Matthew Tewksbury
TULIP TREND FUND, LTD - A 31 Mar 03 M $299M 4,816.46 25 May 18 2.23% (10.33%) -1.03% 18.78% -8.81% 36.15% -0.01% 10.93% 28.45% (34.25%)
Progressive Capital Partners Ltd Dec 17 Feb 09 - Jan 10
WELTON GLOBAL 31 May 04 M $178M 231.20 29 May 18 2.33% (8.54%) 2.81% 11.08% -1.91% 34.01% -5.73% 6.17% 14.19% (33.18%)
Welton Investment Partners Apr 18 Feb 11 - Sep 13
WINTON EVOLUTION FUND 31 Aug 05 M $388M 1,856.68 30 Apr 18 1.78% 0.56% 9.49% -5.26% 0.74% 17.26% 14.56% 5.00% 10.91% (14.61%)
David Harding Apr 18 Jun 08 - Jul 09
WINTON FUND 30 Sep 97 M $9'000M 1,082.60 25 May 18 (0.21%) 0.25% 7.89% -3% 0.93% 13.87% 9.4% 12.22% 15.75% (25.08%)
David Harding Apr 18 Oct 01 - Feb 02

Source - HSBC
Discretionary
Ytd Avg. 2018 0.69%
Ytd Avg. 2018
Discretionary/Asia 6.29%
AMAZON MARKET NEUTRAL FUND 31 Aug 05 M $149M 498.81 30 Apr 18 1.54% 6.29% 25.61% -29.98% 26.27% 11.2% 7.34% 13.46% 12.06% (33.67%)
CLASS A USD Apr 18 Dec 15 - Apr 17
Philip King
Ytd Avg. 2018
Discretionary/Global 3.17%
BLACK DIAMOND RELATIVE VALUE 31 Jul 99 Q $15M 349.71 25 May 18 1.49% 3.62% -0.49% 4.13% -3.82% 1.57% 8.26% 6.87% 5.34% (10.73%)
LTD -C-SHS Mar 18 Jul 14 - Mar 16
Clint Carlson
MARSHALL WACE - MW MARKET 31 Oct 07 M $1'266M 236.66 29 May 18 1.52% 4.28% 7.97% 12.38% 19% 13.34% 18.78% 8.48% 5.95% (15.98%)
NEUTRAL TOPS A USD May 18 Jun 08 - Nov 08
Anthony Clake.
MLIS - MARSHALL W. TOPS UCITS 31 May 09 D $3'421M 154.55 29 May 18 0.95% 1.62% 4.73% 2.42% 9.08% 6.98% 8.4% 4.96% 3.09% (2.47%)
FUND (MKT NTRL) B USD May 18 Apr 10 - Jun 10
Marshall Wace LLP
Ytd Avg. 2018
Discretionary/Japan (6.06%)
EQUILIBRIA JAPAN FUND LTD 1X 30 Apr 02 M $168M 261.66 25 May 18 0.11% (3.73%) 7.26% 0.36% 1.95% 4.6% 9.16% 6.16% 4.55% (7.20%)
USD Apr 18 Jul 11 - Dec 12
James Pulsford, Sara Gardiner-Hill
EQUILIBRIA JAPAN FUND LTD 2X 30 Apr 09 M $368M 172.77 25 May 18 0.02% (8.39%) 13.37% -0.46% 3.19% 9.46% 19.7% 6.21% 8.64% (14.55%)
(USD) Apr 18 Jun 15 - Jun 16
James Pulsford, Sara Gardiner-Hill
Ytd Avg. 2018
Discretionary/UK 0.92%
ABSOLUTE INSIGHT EQUITY MKT 31 Mar 08 D £283M 1.25 30 May 18 0.00% 0.35% 1.12% -0.26% 1.69% 0.6% 2.8% 2.18% 1.37% (1.82%)
NEUTRAL FUND-CLASS B2P GBP Apr 18 Feb 14 - May 14
Andrew Cawker, Iain Brown, Richard
Howarth
SCHRODER CAZENOVE UK 30 Jun 08 D £52M 121.70 30 May 18 (0.90%) 1.50% -2.6% -2.76% 5.24% -3.98% 10.09% 2.00% 4.72% (9.96%)
ABSOLUTE TARGET FUND - P2 Jan 18 Sep 09 - Dec 10
GBP
Steven Cordell
Diversified
Ytd Avg. 2018 1.15%

Source - HSBC
Ytd Avg. 2018
RENAISSANCE INSTITUTIONAL 28 Feb 12 M $5'262M 171.23 25 May 18 (0.39%) 1.15% 11.15% 10.62% 16.23% 11.39% 7.07% 9.00% 11.25% (8.40%)
DIVERSIFIED ALPHA FUND INTL. Dec 17 Mar 13 - Sep 13
L.P.,A
Renaissance Technologies LLC
Equity Diversified
Ytd Avg. 2018 2.57%
Ytd Avg. 2018
Equity Diversified/Asia 3.48%
BLACKROCK PAN ASIA 31 Jul 10 M $79M 104.32 30 Apr 18 (0.11%) 3.65% -12.57% -10.85% -1.91% 3.78% 7.13% 0.55% 5.88% (25.86%)
OPPORTUNITIES FUND LTD CLASS Apr 18 Jul 15 - Dec 17
B
Jeff Shen, Ryan Kim
MACQUARIE ASIAN ALPHA FUND 30 Sep 05 M $280M 1,751.89 18 May 18 4.50% 3.31% -1.41% -8.13% -8.11% 10.4% 9.04% 5.89% 6.55% (19.52%)
Nick Bird Apr 18 May 15 - Mar 18
Ytd Avg. 2018
Equity Diversified/Europe 2.27%
AGORA FUND LTD 31 Mar 12 M €479M 147.04 18 May 18 0.92% 5.75% 2.53% 0.47% 12.94% 6.33% 10.84% 6.49% 4.23% (4.18%)
Elif Aktug Apr 18 Mar 12 - Jun 12
BLACKROCK EUROPEAN 30 Sep 10 D €366M 122.27 30 May 18 3.97% 0.72% 1.73% -11.32% 5.2% 4.9% 16.13% 2.25% 5.95% (17.81%)
DIVERSIFIED EQUITY A.R.F - Jan 18 Jul 15 - Feb 18
SHARE CLASS D
Robert Fisher/Simon Weinberger
GAM TALENTUM ENHANCED 30 Nov 04 M €135M 282.13 30 Apr 18 0.54% 3.56% 5.11% -16.78% 18.3% 3.54% 15.83% 8.03% 8.71% (25.03%)
EUROPE LONG/SHORT - A - Feb 18 Jun 08 - Apr 09
Gianmarco Mondani / Roberto
Cantaluppi / Paolo Longinotti
GLG EUROPEAN EQUITY 30 Jun 11 D $1'241M 123.69 25 May 18 0.47% 2.75% 5.86% -2.18% 6.91% -6.26% 7.23% 3.13% 4.69% (10.37%)
ALTERNATIVE CLASS IN EUR Apr 18 Feb 14 - Oct 14
Neil Mason, Fabian Blohm
MACQUARIE EUROPEAN ALPHA 31 Jul 12 M $468M 145.54 18 May 18 0.00% 0.22% 8.37% -1.24% 5.04% 9.62% 12.78% 6.79% 4.41% (4.57%)
FUND - CLASS A Apr 18 Jan 16 - Apr 16
Nick Bird, Andrew Alexander
MEMNON MARKET NEUTRAL 31 Dec 16 D €341M 108.53 29 May 18 0.45% 0.63% 7.85% - 5.99% 3.72% (2.11%)
FUND Apr 18 Feb 18 - Apr 18
Zadig
Multi-Strategy
Ytd Avg. 2018 1.49%

Source - HSBC
Ytd Avg. 2018
Multi-Strategy/Asia (0.99%)
LIM ASIA MULTI-STRATEGY FUND 31 Dec 95 Q $648M 41.85 25 May 18 (0.21%) (0.99%) 6.15% 0.63% 1.77% 4.12% 5.63% 6.60% 5.44% (15.79%)
CLASS A Apr 18 Feb 08 - Nov 08
George W. Long
Ytd Avg. 2018
Multi-Strategy/Global 2.72%
ALPHANATICS FUND 31 Aug 04 M €1'335M 172.61 18 May 18 (0.10%) 0.81% 5.07% 1.02% 4.31% 1.74% 7.91% 4.06% 3.41% (5.91%)
Philippe de Weck, Federico Canè Apr 18 Dec 10 - Nov 11
HUDSON BAY INTERNATIONAL 31 May 06 Q $1'967M 272.54 25 May 18 1.64% 4.64% 10.21% 4.04% -1.91% -2.08% 7.9% 8.72% 4.60% (6.11%)
FUND LTD Mar 18 Feb 14 - Nov 15
Hudson Bay Capital Management LP
Statistical Arbitrage
Ytd Avg. 2018 (0.11%)
Ytd Avg. 2018
Statistical Arbitrage/Global (0.11%)
GSA INTERNATIONAL FUND - 28 Feb 05 Q $821M 315.72 25 May 18 0.07% (0.11%) 11.28% -3.61% 11.41% 12.14% 13.28% 9.07% 4.30% (11.91%)
CLASS A Apr 18 Jun 08 - Sep 08
David Khabie-Zeitoune
Systematic
Ytd Avg. 2018 2.83%
Ytd Avg. 2018
Systematic/Europe 1.94%
BLACKROCK EOS CLASS B USD 28 Feb 02 M $150M 1,511.39 29 May 18 4.49% 1.94% 3.13% -11.3% 5.08% 6.55% 20.08% 7.45% 8.17% (16.82%)
COMPOSITE May 18 Aug 15 - Feb 18
Robert Fisher, Simon Weinberger
Ytd Avg. 2018
BLACKROCK 32 CAPITAL MASTER 31 Jul 02 M/Q $512M 2,203.94 30 Apr 18 (0.99%) 4.73% 7.47% -12.83% 6.35% -0.67% 8.02% 5.14% 7.32% (25.15%)
FUND SPC, LTD (THE) - B/1 Apr 18 Jun 08 - Sep 09
Raffaele Savi and Ken Kroner
JL EQUITY MARKET NEUTRAL 30 Apr 10 D €188M 1,268.66 25 May 18 1.41% 2.05% -7.98% -1.06% 2.95% 8.47% 11.46% 2.97% 5.63% (11.80%)
Sebastien Valeyre Apr 18 Mar 16 - Dec 17
MARSHALL WACE - MW LIQUID 30 Jun 15 D $2'179M 118.79 29 May 18 (0.14%) 2.09% 4.28% 8.05% 3.26% 6.08% 2.57% (1.06%)
ALPHA UCITS FUND CLASS A May 18 May 16 - Jun 16
Anthony Clake.
MAVERICK FUNDAMENTAL QUANT 31 Dec 14 M $800M 158.28 31 Mar 18 (0.19%) 11.26% 30.68% -4.95% 14.52% - 15.18% 12.47% (12.22%)
NEUTRAL LTD Feb 18 Jan 16 - Jan 17
Maverick Capital

Source - HSBC
Ytd Avg. 2018
SYSTEMATICA BLUEMATRIX FUND 31 Oct 07 M $1'380M 180.73 25 May 18 (0.10%) 0.39% 4.92% -2.72% 7.9% 10.4% 12.57% 5.76% 7.15% (10.53%)
CLASS -A- USD May 18 Jan 16 - Aug 16
TOLOMEO SQUAREPOINT FUND - 30 Apr 12 M $69M 1,354.74 30 Apr 18 (1.82%) (2.64%) 8.06% -0.86% 13.63% 2.73% 5.68% 5.19% 6.22% (5.66%)
GLOBAL EQUITIES Feb 18 Mar 16 - Aug 16
Tolomeo Capital AG

Source - HSBC
Merger-Arbitrage
Ytd Avg. 2018 0.45%
Ytd Avg. 2018
Merger-Arbitrage/Global 1.28%
GLAZER ENHANCED OFFSHORE 31 Dec 98 M $643M 1,406.86 30 Apr 18 0.59% 1.28% 6.03% 7.69% 11.78% 5.91% 5.56% 14.65% 5.69% (5.77%)
FUND LTD May 18 Oct 07 - Dec 07
Paul Glazer
Ytd Avg. 2018
Merger-Arbitrage/USA (0.38%)
GABELLI ASSOCIATES LIMITED 31 Aug 89 M $197M 684.83 09 Feb 18 (1.14%) (0.38%) 2.63% 5.88% 3.14% 2.09% 3.12% 6.99% 3.18% (6.65%)
Mario Gabelli Nov 17 Oct 07 - Oct 08

Source - HSBC
Credit
Ytd Avg. 2018 1.41%
Ytd Avg. 2018
Credit/Europe 1.57%
CAIRN STRATA CREDIT FUND 31 Dec 14 M €52M 111.53 30 Apr 18 0.50% 0.28% 5.75% 4.42% 0.72% - 3.33% 4.57% (7.21%)
Cairn Capital Limited Apr 18 May 15 - Feb 16
CHENAVARI MULTI STRATEGY 31 Jan 12 M $227M 148.98 31 Mar 18 (2.13%) (0.77%) 5.27% 0.26% 2.48% 7.89% 20.58% 6.68% 3.91% (6.72%)
CREDIT FUND - MS2 € Feb 18 May 15 - Feb 16
Chenavari Investment Managers
NUMEN CREDIT OPPORTUNITIES 31 Oct 08 M €121M 449.44 31 Mar 18 (7.28%) 5.21% 2.13% -4.77% 1.79% 1.59% 12.47% 17.30% 15.73% (16.68%)
FUND Apr 18 Oct 10 - Jan 12
Filippo Lanza
Ytd Avg. 2018
Credit/Global 1.24%
BLUEMOUNTAIN CREDIT 31 Oct 03 Q $5'107M 283.71 25 May 18 0.34% 1.06% 1.05% 6.1% 0.07% 2.67% 7.87% 7.42% 5.57% (11.83%)
ALTERNATIVES FUND Apr 18 Aug 08 - Dec 08
BlueMountain Capital Management
CANYON BALANCED FUND LTD 31 May 04 Q $1'504M 4,131.78 30 Apr 18 (0.44%) 0.34% 15.14% 9.08% -8.4% 6.16% 19.99% 10.73% 9.25% (30.14%)
M.R. Julis & J.S. Friedman Apr 18 Oct 07 - Nov 08
KAWA FUND 31 Aug 07 M $397M 34,146.57 30 Apr 18 0.70% 2.33% 5.91% 5.84% 6.12% 11.12% 5.49% 12.20% 4.42% (2.49%)
Kawa Capital Management, Daniel Apr 18 Dec 15 - Feb 16
Ades
Diversified
Ytd Avg. 2018 1.55%
Ytd Avg. 2018
Diversified/Asia (1.29%)
PHALANX JAPAN AUSTRALASIA 31 Mar 05 Q $52M 1,563.46 25 May 18 (0.14%) (6.33%) -1.87% 21.8% 10.23% -12.87% 12.82% 23.24% 23.37% (30.13%)
MULTI-STRATEGY FUND LTD Apr 18 Apr 06 - Mar 07
Christopher S. McGuire
SEGANTII ASIA-PACIFIC EQUITY 30 Nov 07 M $2'562M 453.87 25 May 18 0.36% 3.74% 8.56% 6.69% 29.51% 34.88% -1.68% 15.51% 9.07% (10.16%)
MULTI-STRATEGY FUND Apr 18 May 13 - Mar 14
Simon Sadler & Kurt Ersoy
Ytd Avg. 2018
THE ARGO FUND 30 Sep 00 M $68M 341.54 30 Apr 18 (0.15%) 1.51% 10.7% 52.3% -17.42% -4.94% 8.49% 7.23% 11.85% (43.29%)
Argo Capital Management Ltd - Apr 18 Jun 08 - Jan 09
Andreas Rialas

Source - HSBC
Ytd Avg. 2018
1992 MULTI-STRATEGY FUND 31 Aug 92 Q/Y $1'631M 109,019.35 25 May 18 1.04% 2.54% 4.08% 5.48% 2.92% 6.16% 6.5% 9.72% 6.56% (30.04%)
CORPORATION CLASS -A-SERIES Dec 17 Jun 08 - Nov 08
N (COMPOSITE)
Mark Vanacore
ARROWGRASS MASTER FUND 31 Jan 08 Q €4'057M 183.29 25 May 18 1.05% 1.90% 1.61% 0.6% 6.13% 2.89% 8.58% 6.05% 3.94% (3.99%)
Nick Niell Mar 18 Apr 11 - Sep 11
ATLAS ENHANCED FUND LTD 28 Feb 11 M $8'191M 160.69 25 May 18 0.04% (2.16%) 6.54% -0.73% 5.93% 13.73% 20.85% 6.77% 7.15% (13.44%)
Dmitry Balyasny Dec 17 Jul 11 - Apr 12
ATLAS GLOBAL INVESTMENTS 31 Dec 03 M $2'372M 4,036.08 25 May 18 0.01% (1.51%) 3.61% -1.51% 2.45% 7.2% 12.94% 10.17% 7.57% (12.51%)
LTD UNRESTRICTED Dec 17 Jun 04 - Aug 04
Dmitry Balyasny
BLACK DIAMOND, LTD - CLASS B 31 Dec 95 Q $53M 344.92 25 May 18 1.25% 3.79% -6.42% 5.43% -0.89% 4.91% 6.18% 5.68% 4.04% (18.64%)
(UNRESTRICTED) Mar 18 Aug 08 - Dec 08
Clint D. Carlson
BLACKROCK MULTI-STRATEGY 30 Apr 05 M $292M 1,778.09 30 Apr 18 0.16% 2.07% 13.11% -3.06% 1.67% 2.07% 7.05% 4.52% 5.23% (13.96%)
FUND LTD - CLASS A Apr 18 Jun 08 - Dec 08
Sami Mesrour
BLACKROCK CAPITAL 31 Dec 08 M $326M 149.60 30 Apr 18 (3.96%) (1.52%) 21.82% -11.05% 12.3% -5.21% 7.19% 4.41% 9.19% (18.99%)
STRUCTURE INVESTMENTS FUND Apr 18 Jan 16 - Aug 16
LTD
Chad Meuse, Benoy Thomas
BOOTHBAY ABSOLUTE RETURN 30 Jun 14 Q $55M 142.08 30 Apr 18 0.94% 5.50% 16.01% 3.84% 10.14% 1.5% 9.59% 3.57% (1.40%)
STRATEGIES Dec 17 Dec 15 - Mar 16
Ari Glass
BOUSSARD & GAVAUDAN 31 Oct 06 D €695M 23.55 31 May 18 (0.40%) 0.45% 5.89% 7.22% 15.65% 6.85% 13.6% 7.67% 6.30% (20.69%)
HOLDING LTD ORDINARY SHARES Apr 18 May 07 - Sep 08
Emmanuel Gavaudan
BREVAN HOWARD M/S FUND, LTD 29 Feb 08 M $770M 137.43 30 Apr 18 0.61% 1.15% 0.75% 5.99% -2.39% 1.12% 0.92% 3.41% 4.57% (6.29%)
– CL. A/USD Apr 18 Feb 08 - Sep 08
Alan Howard
BRUMMER MULTISTRATEGY 2XL, 30 Apr 09 M $240M 1,732.35 15 May 18 4.70% 5.28% 13.88% -2.76% 2.6% 1.86% 15.02% 6.26% 7.85% (12.91%)
LTD - C - Apr 18 Mar 15 - May 16
Patrik Brummer, Mikael Spangberg
CFM ISDIVERSIFIED FUND LP 31 Dec 14 W $1'500M 106.00 30 Apr 18 (0.23%) (3.91%) 6.27% -2.09% 6.02% - 1.76% 5.70% (4.35%)
Capital Fund Management Apr 18 Jan 16 - Jun 16
CQS DIRECTIONAL OPP. FEEDER 31 Jul 05 Q $3'090M 6,225.23 30 Apr 18 1.15% 1.86% 6.09% 30.48% -7.97% 3.12% 15.97% 15.41% 13.30% (24.58%)
FUND. LTD – A NI USD Apr 18 Apr 11 - Sep 11
Michael Hintze

Source - HSBC
Ytd Avg. 2018
CQS DIVERSIFIED FUND (SPC) LTD 28 Feb 07 Q $166M 2,035.77 30 Apr 18 0.11% 1.71% 7.74% 12.26% -2.63% 1.18% 5.99% 6.49% 6.05% (14.78%)
ALPHA CLASS B USD Mar 18 Jun 08 - Dec 08
James Peattie
DOUBLE BLACK DIAMOND LTD - 31 Mar 98 Q $1'957M 460.18 25 May 18 1.06% 4.86% -3.93% 6.46% 0.64% 4.45% 7.74% 7.86% 5.11% (19.30%)
SERIES A (UNRESTRICTED) Mar 18 Aug 08 - Dec 08
Clint Carlson
HALCYON SOLUTIONS FUND LTD 31 Jul 91 Q $78M 1,128.53 25 May 18 1.76% 4.48% 0.69% 26.08% -5.73% -2.88% 7.4% 9.45% 5.95% (15.01%)
Jason Dillow Nov 17 Oct 07 - Dec 08
JABCAP GLOBAL BALANCED FUND 30 Apr 07 W $215M 240.99 22 May 18 7.27% (3.59%) 27.46% -12.26% -3.93% 2.01% 47.8% 8.27% 16.17% (38.10%)
LTD CLASS D/1 NI May 18 May 15 - Jun 16
Philippe Jabre
JABCAP MULTI STRATEGY FUND 31 Jan 07 M $172M 138.91 15 May 18 1.71% (7.67%) -2.51% -1.11% -0.74% -3.04% 43.03% 2.95% 17.43% (40.20%)
LTD CLASS D/1 NI Apr 18 Feb 08 - Jan 09
Philippe Jabre
LINDEN INTERNATIONAL LTD 31 May 03 Q $2'722M 462.23 30 Apr 18 1.35% 1.58% 14.1% 12.23% 2.82% 12.43% 16% 10.80% 8.42% (24.60%)
Joe Wong Mar 18 Feb 08 - Dec 08
LMR FUND LTD 31 Jan 10 M $2'692M 310.34 25 May 18 1.00% 1.98% 10.2% 9.47% 14.72% 2.22% 10.04% 14.59% 8.01% (9.53%)
LMR Partners LLP, LMR Partners Apr 18 Apr 10 - May 10
Limited
MAN GLG GLOBAL CREDIT MULTI 31 Dec 97 M $467M 1,147.64 25 May 18 1.02% 2.82% 13.4% 14.18% -0.23% -7.43% 10.3% 12.70% 13.41% (54.03%)
STRATEGY IL XX USD SHARES Mar 18 Nov 07 - Dec 08
Chris Huggins
MAN GLG MULTI-STRATEGY 31 Jul 16 D $242M 115.92 25 May 18 0.31% 1.27% 11.6% 2.57% 8.47% 2.59% (0.90%)
CLASS A USD UNRESTRICTED Mar 18 Jan 18 - Apr 18
David Kingsley
MAN GLG MULTI-STRATEGY FUND 31 Dec 02 M $83M 122.69 25 May 18 0.29% 1.14% 11.21% -1.09% 5.91% -0.92% 5.08% 4.56% 6.59% (30.54%)
CLASS G USD Mar 18 Oct 07 - Dec 08
David Kingsley
MILLENNIUM INTL LTD 31 Dec 89 Q $35'350M 3,783.50 30 Apr 18 (0.02%) 4.37% 7.12% 3.38% 12.54% 12.09% 13.27% 13.66% 4.30% (7.24%)
Israel A Englander Apr 18 May 98 - Aug 98
PALOMA INTERNATIONAL LTD 31 Dec 02 Q/Y $2'419M 339.84 30 Apr 18 (0.80%) 2.47% 3.76% 4.74% 10.78% 5.06% 16.02% 8.30% 4.52% (6.83%)
CLASS A Apr 18 Jul 11 - Dec 11
Donald Sussman
PINPOINT MULTI-STRATEGY FUND 29 Feb 08 M $441M 261.10 15 May 18 3.12% 8.94% 20.06% 0.92% 17.03% 8.37% 4.65% 9.85% 10.22% (17.36%)
Qiang Wang Apr 18 Jun 08 - Nov 08
STRATUS FUND LIMITED CLASS B 30 Nov 03 M $251M 2,797.79 25 May 18 2.41% 0.01% 6.22% -2.15% 13.51% 14.58% 1.82% 7.36% 6.20% (10.52%)
Jean-Philippe Bouchaud, Philippe Mar 18 Feb 12 - Sep 13
Jordan, Marc Potters, Jacques
Sauliere

Source - HSBC
Ytd Avg. 2018
SYSTEMATICA SYNERGY FUND 31 Dec 15 M $317M 105.77 25 May 18 0.21% (0.81%) 10.69% -3.66% - 2.36% 6.62% (9.21%)
LTD May 18 Feb 16 - Sep 16
VERITION MULTI-STRATEGY FUND 29 Feb 08 Q $714M 367.70 30 Apr 18 0.77% 1.49% 12.71% 5.65% 14.3% 10.56% 24.79% 13.66% 6.37% (7.89%)
COMPOSITE MODIFIED May 18 May 11 - Sep 11
INTERESTS,OPT-IN
Verition Fund Management LLC
WEISS MULTI-STRATEGY 30 Sep 06 Q $640M 222.50 25 May 18 1.62% 6.04% 6.54% 9.61% -0.86% -0.01% 14.64% 7.10% 5.84% (17.75%)
PARTNERS LLC May 18 Jun 08 - Dec 08
Weiss Multi-Strategy Advisers,LLC
WEXFORD OFFSHORE CATALYST 31 Dec 04 Q $633M 320.07 30 Apr 18 3.00% 2.33% 5.44% 33.62% -13.01% 15.34% 10.58% 9.11% 10.14% (23.74%)
FUND LTD Apr 18 Apr 15 - Feb 16
Charles E. Davidson
WEXFORD OFFSHORE SPECTRUM 31 Mar 97 Q $722M 9,126.61 30 Apr 18 1.70% 6.49% 5.13% 11.38% -8.15% 8.57% 14.27% 11.05% 9.34% (19.11%)
FUND Apr 18 Oct 07 - Nov 08
Charles E. Davidson
Ytd Avg. 2018
Diversified/Japan 1.67%
LIM JAPAN FUND 31 Oct 04 Q $209M 207.01 25 May 18 0.85% 1.67% 1.43% -4.25% -0.37% 5.85% 11.39% 5.51% 5.33% (10.09%)
George Long Apr 18 Jun 08 - Feb 09

Source - HSBC
Arbitrage
Ytd Avg. 2018 (0.76%)
Ytd Avg. 2018
Arbitrage/Global (0.76%)
BLUEMOUNTAIN GLOBAL 28 Feb 06 Q $749M 2,496.87 25 May 18 1.62% (0.38%) 0.05% 6.49% 5.5% 0.36% 7.56% 7.76% 5.78% (9.57%)
VOLATILITY FUND Apr 18 Sep 08 - Feb 09
BlueMountain Capital Management
CASSIOPEIA FUND CLASS B 31 Jul 04 M $289M 314.08 25 May 18 0.59% 1.34% 2.39% 4.27% 5.24% -3.98% 0.87% 9.03% 8.81% (14.36%)
Pierre de Saab & Alain Dos Santos Apr 18 Mar 10 - Jun 10
CASSIOPEIA UCITS FUND CLASS B 31 May 15 M $317M 112.24 24 May 18 0.72% 1.75% 2.03% 3.62% 4.34% 3.95% 6.06% (3.29%)
Pierre de Saab & Alain Dos Santos May 18 Jul 17 - Jan 18
FULCRUM MULTI ASSET 31 Jul 13 M $715M 101.89 30 Apr 18 0.50% (1.41%) 7.61% -1.81% -1.79% -1.17% 0.78% 0.39% 3.73% (7.49%)
VOLATILITY FUND Apr 18 Aug 14 - Jun 16
PIMCO MULTI-ASSET VOLATILITY 31 Jul 11 M $780M 135.03 30 Apr 18 (0.07%) (5.09%) 1.44% 0.25% 7.73% 1.39% -6.17% 4.55% 6.60% (8.64%)
FUND LTD Apr 18 Oct 12 - Aug 13
Josh Thimons

Source - HSBC
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Hedge Weekly N°22

Investment Funds Performance Review

HSBC Alternative Investment Group

Week of Monday 28 May to Friday 01 Jun 2018

1. Max Drawdown: Peak to trough.

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