HSBC Hedge weekly2013 no45

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HSBC Hedge weekly2013 no45

HSBC Hedge weekly2013 no45

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  • 1. Hedge Weekly N°45 Investment Funds Performance Review HSBC Alternative Investment Group Week of Monday 04 Nov to Friday 08 Nov 2013 Alternative Investment Products are: NOT A DEPOSIT OR OTHER OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES NOT FDIC INSURED NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY OF THE UNITED STATES NOT GUARANTEED SUBJECT TO BY THE BANK OR ANY INVESTMENT RISK, OF ITS AFFILIATES INCLUDING POSSIBLE LOSS OF PRINCIPAL INVESTED
  • 2. Index by Strategies 3 Index by Funds 4 Top/Bottom 20 9 Newsletter 12 About This Document 53 Past performance is not a reliable indicator of future performance. HSBC Alternative Investment Group | 2
  • 3. Convertible Arbitrage Convertible 12 Credit Long/Short Credit 13 Distressed Distressed Security 17 Equity Long/Short Equity-Commodity Equity-Diversified Equity-Energy Equity-Financial Equity-Healthcare Equity-Mid-Small Cap Equity-Pharma-Biotech Equity-Real Estate Equity-Technology Equity-Utility 19 20 26 27 27 27 28 28 28 29 Event Driven Equity-Diversified Multi-Strategy 36 36 36 37 40 40 Managed Futures Commodity Currency Systematic 41 41 43 Market Neutral Discretionary Equity Diversified Multi-Strategy Statistical Arbitrage Systematic 44 45 45 46 46 Merger Arbitrage Merger-Arbitrage 47 Multi-Strategy 30 30 Fixed Income Arbitrage Fixed Income Commodity Commodity-Systematic Currency Diversified Fixed Income Systematic Credit Diversified 48 48 Volatility Arbitrage 32 Arbitrage 52 Fund of Funds Arbitrage Event Driven Long/Short Macro Multi-Strategy Trading 33 33 33 33 34 34 Long Only Equity-Diversified 35 Macro Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 3
  • 4. AMAZON MARKET NEUTRAL FUND CLA A.R.T. INTERNATIONAL INVESTOR 45 32 ANDURAND COMMODITIES FUND 36 BLACKROCK UK EQUITY HEDGE FUND 25 21 BLUEBAY CREDIT ALPHA LONG SHOR 14 21 BLUEBAY EMERGING MARKET FIXED 13 ARCUS JAPAN FUND -JPY- A 32 BLACKROCK OBSIDIAN FUND AQUILUS INFLECTION FUND LTD E 16 BLACKROCK FIXED INCOME GLOBAL 23 ANTARES EUROPEAN FUND, LTD - U 400 CAPITAL CREDIT OPPORTUNITI 44 ANAVON MASTER FUND LTD CLASS - 4 24 BLUECREST CAPL INTL LTD A USD 49 ARISTEIA INTERNATIONAL LTD 14 BLUECREST EMERGING MARKETS FUN 37 36 BLUECREST MULTI STRATEGY CREDI 14 ABSOLUTE INSIGHT CREDIT FUND B 13 ARMAJARO COMMODITIES FUND CLAS ABSOLUTE INSIGHT EMERGING MARK 13 ARMAJARO EMERGING MARKETS FUND 20 BLUEMATRIX FUND CLASS -A- USD 45 ABSOLUTE INSIGHT UK EQUITY MKT 44 ARMAJARO STS COMMODITIES FUND 36 BLUEMOUNTAIN CREDIT ALTERNATIV 14 ACUITY CORPORATE OPPORTUNITY F 16 ARROWGRASS MASTER FUND 48 BLUEMOUNTAIN EQUITY ALTERNATIV 52 ADELPHI EMERGING EUROPE. FUND 20 ASCEND PARTNERS FUND II LTD - 25 BLUEMOUNTAIN LONG SHORT CREDIT 14 ADELPHI EUR. FUND $ (A) 21 ASGARD FIXED INCOME FUND LTD 14 BLUETREND FUND, LTD - CLASS A 41 ADRIGO HEDGE 21 ASPECT DIVERSIFIED FUND - CLAS 41 BNY MELLON ARX BRAZIL FUND SPC 20 AETOS CORPORATION - CLASS A 47 AVIVA INVESTOR FIXED INCOME MA 40 BORONIA DIVERSIFIED FUND MASTE 41 AG MORTGAGE VALUE PARTNERS LTD 14 AXONIC CREDIT OPPORTUNITIES OV 14 BOUSSARD & GAVAUDAN HOLDING., 49 BREVAN HOWARD ASIA FUND LIMITE 37 BREVAN HOWARD COMMODITIES STRA 36 BREVAN HOWARD CREDIT CATALYSTS 14 BREVAN HOWARD CREDIT VALUE FU 14 BREVAN HOWARD EM. MKT STRATEGI 37 BREVAN HOWARD FUND, LTD - USD 38 BREVAN HOWARD INVEST. FUND - E 40 BREVAN HOWARD INVESTMENT FUND 36 BREVAN HOWARD M/S FUND, LTD – 49 BRIGADE LEVERAGED CAPITAL STRU 16 BROOKFIELD GLOBAL LISTED INFRA 23 BROOKFIELD GLOBAL REITS LONG S 28 BRUMMER MULTISTRATEGY 2XL, LTD 49 BRYN MAWR OFFSHORE LTD 46 BTG PACTUAL DISTRESSED MORTGAG 18 BTG PACTUAL GLOBAL EM. MKTS AN 38 AG SUPER FUND INTERNATIONAL, L 30 AHL DIMENSION USD SHARES CLASS 48 AHL DIVERSIFIED 41 AHL EVOLUTION USD 41 AJIA-LIGHTHORSE CHINA GROWTH F 19 AJR INTERNATIONAL (BVI), INC. 25 AKAMATSU FUND 24 ALLBLUE LIMITED 48 ALLIANCE BERNSTEIN SELECT US E 25 ALPHA4X CAPITAL GROWTH FUND 37 ALPHADYNE INVESTMENT STRATEGIE 37 ALPHAGEN HOKUTO FUND LTD - CLA 24 ALPHAGEN OCTANIS CLASS A 25 ALPHAGEN VOLANTIS FUND, LTD - 27 ALYDAR FUND LTD 25 ALYSHEBA FUND LIMITED 25 B BAF LATAM TRADE FINANCE FUND 13 BASSO INVESTORS LTD 12 BAY RESOURCES PARTNERS OFFSHOR 25 BCM WESTON LP BEACH HORIZON FUND LTD 41 BEACH POINT TOTAL RETURN OFFSH 18 BEACONLIGHT OFFSHORE FUND LTD 23 BLACK DIAMOND RELATIVE VALUE L 44 BLACK DIAMOND, LTD - CLASS B ( 48 BLACKROCK EOS CLASS B USD COM 46 BLACKROCK MULTI-STRATEGY FUND 49 BLACKROCK 32 CAPITAL MASTER FU 46 BLACKROCK CAPITAL STRUCTURE IN 49 BLACKROCK EUROPEAN DIVERSIFIED Past performance is not a reliable indicator of future performance. Source - HSBC 25 45 BTG PACTUAL GLOBAL EQUITY OPPO 49 C CAIRN CREDIT FOCUS FUND LTD 13 CAIRN SPECIAL OPPORTUNITIES CR 13 CAIRN SUBORDINATED FINANCIALS 13 CAMPBELL GLOBAL ASSETS FUND LT 41 CAMPBELL GLOBAL ASSETS FUND LT 41 CAMPBELL GLOBAL ASSETS FUND LT 46 CANDLEWOOD SPECIAL SITUATIONS 17 CANDLEWOOD STRUCTURED CREDIT F 14 CANDLEWOOD STRUCTURED CREDIT H 14 CANYON BALANCED FUND LTD - CLA 48 CANYON VALUE REALIZATION FD, L 17 CAPEVIEW AZRI 2X FUND 21 CAPEVIEW AZRI FUND 21 CAPITAL FUND, LTD (THE) 38 CAPULA GLOBAL RELATIVE VALUE F 32 CASSIOPEIA FUND CLASS C 52 CASTLEROCK FUND LTD 25 CAXTON GLOBAL INVESTMENT LTD 38 CAZENOVE EURO EQ ABS RETURN FU 21 CAZENOVE UK ABSOLUTE TARGET FU 44 CC ASIA ABSOLUTE RETURN FUND 19 CCI HEALTHCARE PARTNERS LTD 27 CCP QUANTITATIVE FUND US$ ARIS 41 CERBERUS INTL. LTD CLASS A A/ 17 CHENAVARI CORPORATE CREDIT STR 14 CHENAVARI MULTI STRATEGY CREDI 48 CHENAVARI REGULATORY CAPITAL S 13 CHENAVARI TORO CAPITAL I A 13 CHILTON CHINA OPPORTUNITIES FU 19 HSBC Alternative Investment Group | 4
  • 5. COBALT OFFSHORE LTD 25 COMAC GLOBAL MACRO FUND 38 COMMONWEALTH OPPORTUNITY CAYMA 38 CONQUEST MACRO FUND, LTD (COMP 41 CONTRARIAN CAPITAL FUND I OFFS 17 CONTRARIAN EMERGING MARKETS OF 48 CQS ABS FEEDER FUND - CLASS -B 15 CQS ASIA FEEDER FUND LTD- CLAS 12 CQS CONV & QUANT STRATS FEED F 12 CQS CREDIT LONG SHORT FEEDER F 15 CQS DIRECTIONAL OPP. FEEDER FU 49 CQS DIVERSIFIED FUND (SPC) LTD 49 CRABEL FUND SPC LTD CLASS A 42 CUMULUS ENERGY FUND CLASS A US 41 CYGNUS UTILITIES, INFRASTRUCTU 29 FORT GLOBAL DIVERSIFIED 42 FORTRESS ASIA MACRO FUND E 37 FORTRESS MACRO FUND LTD. CLAS 38 H EAGLE GLOBAL FUND 42 EAGLE QUANTITATIVE MACRO FUND 40 21 HALCYON OFF. ASSET-BACKED VALU ECLECTICA FUND (THE) CLASS A E 38 EDGESTREAM NIAS FUND 42 GABELLI ASSOCIATES LIMITED - C 47 HARBOUR HOLDINGS LTD 28 EGERTON EUROPEAN DOLLAR CLASS 23 GAM DIVERSITY I INC - US$ CLAS 34 HARMONIC ALPHA PLUS MACRO FUN 39 EGERTON EUROPEAN EQUITY FUND L 21 GAM DIVERSITY II INC - US$ CLA 34 HENDERSON JAPAN ABS RETURN FD, 24 EIFFEL CREDIT OPPORTUNITIES FU 13 GAM GLOBAL RATES HEDGE FUND 38 HIGHBRIDGE CAPITAL CORPORATION 49 ELEMENT CAPITAL FUND 38 GAM TALENTUM ENHANCED EUROPE L 45 HIGHBRIDGE LONG/SHORT EQUITY F 25 ELLINGTON CREDIT OPPORTUNITIES 15 GAM TRADING II USD 34 HIGHBRIDGE QUANTITATIVE COMMOD 42 ELLINGTON MORTGAGE OPPORTUNITI 15 GAMUT INVESTMENTS 38 HIGHBRIDGE QUANTITATIVE COMMOD 42 ELM RIDGE CAPITAL PARTNERS L.P 25 GAVEA FUND LTD . CLASS A S/1 37 HIGHBRIDGE STATISTICAL OPP. LT 46 EMF FIXED INCOME FUND, LTD 32 GEMS PROGR. FUND SICAV RECOVER 33 HORSEMAN GLOBAL FUND USD 23 EMINENCE FUND LTD A INITIAL S 25 G HABROK LTD 18 HALCYON PARTNERS OFFSHORE FUND 49 23 HSBC ASIAN ADVANTEDGE FUND 33 GLENVIEW CAPITAL PARTNERS (CAY 25 HSBC CREDIT MARKET OPPORTUNITI 33 EPISODE INC. CLASS A D GLADE BROOK GLOBAL OFFSHORE FU ENNISMORE EUROPEAN SMALLER COM 27 38 GLG EUROPEAN EQUITY ALTERNATIV 45 HSBC GH FUND USD 34 DAVIDSON KEMPNER DIST. OPP. IN 17 EQUILIBRIA JAPAN FUND LTD 1X U 44 GLG EUROPEAN LONG SHORT FUND C 21 HSBC HEDGE INVESTMENTS FUND 34 DAVIDSON KEMPNER INTL, LTD - C 30 EQUILIBRIA JAPAN FUND LTD 2X ( 44 GLG MARKET NEUTRAL FUND - CLAS 49 HSBC LEVERAGED GH FUND 34 DB PLATINUM IV DBX SYSTEMATIC 42 EVEREST CAPITAL ASIA 19 GRAHAM ABSOLUTE RETURN TRADING 38 HSBC MAA FUND USD 33 DB PLATINUM V HERMES A.R. COMM 36 EVEREST CAPITAL FRONTIER MARKE 20 GRAHAM GIF II PROPRIETARY MATR 42 HSBC NEXT GENERATION FUND NNI 34 DIAMOND CAPITAL MANAGEMENT 34 EXANE ARCHIMEDES FUND CLASS A 28 GRAHAM GLOBAL INVESTMENT FUND 39 HSBC SPECIAL OPPORTUNITIES FUN 33 DISCOVERY GLOBAL MACRO FUND LT 38 EXANE MICROMEGAS FUND LTD- CLA 44 GRAHAM GLOBAL INVESTMENT FUND 42 HSBC TRADING ADVANTEDGE FUND 34 DISCOVERY GLOBAL OPPORTUNITY F 38 EXANE TEMPLIERS FUND 23 GRAHAM GLOBAL INVESTMENT FUND 42 HSBC UCITS ADVANTEDGE FUND -US 34 DISCUS FEEDER LTD CL. B USD ST 42 GRAHAM GLOBAL INVESTMENT FUND- 39 HT ASIAN CATALYST FUND LLC 19 DORSET ENERGY FUND, LTD - CLAS 26 GREEN FUND LLC GREEN CLASS 37 HUDSON BAY INTERNATIONAL FUND 45 GREEN T G2 FUND 15 HUTCHIN HILL DIVERSIFIED ALPHA 49 GREENLIGHT CAPITAL OFFSHORE, L 28 GROWTH MANAGEMENT LTD 20 GRT TOPAZ OFFSHORE PARTNERS, L 28 GSA CAPITAL INTERNATIONAL FUND 46 DOUBLE BLACK DIAMOND LTD - SER 49 DUET GLOBAL FUND PLUS 23 DUNN WMA UCITS 19 DYMON ASIA MACRO FUND (SERIES 36 F FARRINGDON ALPHA ONE FEINGOLD OKEEFFE CAPITAL I OFF 15 FINISTERRE SOVEREIGN DEBT FUND 13 FIREBIRD NEW RUSSIA FUND, LTD 20 FIREBIRD REPUBLICS FUND, LTD Past performance is not a reliable indicator of future performance. Source - HSBC 23 20 I III FUND LTD 32 III RELATIVE VALUE CREDIT STRA 32 HSBC Alternative Investment Group | 5
  • 6. III SELECT CREDIT FUND LTD CLA 15 INVESTCORP SILVERBACK ARBITRAG 12 INVICTA OFFSHORE FUND LTD 25 IP ALL SEASONS ASIAN CREDIT HE 13 IVORY CAPITAL ENHANCED STRATEG 26 IVORY CAPITAL FLAGSHIP STRATEG 26 MARSHALL WACE - MW EUROPEAN TO LANSDOWNE DEVELOPED MARKET FUN 23 LANSDOWNE GLOBAL FINANCIALS FU 26 LAZARD GLOBAL HEXAGON FUND 23 12 17 JABCAP EMEA FUND CLASS X1 20 LIM ASIA MULTI-STRATEGY FUND C 45 JABCAP GLOBAL BALANCED FUND LT 50 LIM JAPAN FUND 51 JABCAP GLOBAL CONVERTIBLE FUND 12 LINDEN INTERNATIONAL LTD 50 JABCAP MULTI STRATEGY FUND LTD 50 LION FUND, LTD (THE) 47 JENOP GLOBAL HEALTHCARE FUND L 27 LIONSCREST TAILPRO -US EQUITY 52 JOHO FUND, LTD-A- 19 LMR GLOBAL OPPORTUNITIES FUND 50 JPMORGAN PORT. STRAT. FUNDS-EU 21 LNG EUROPA CREDIT FUND 14 LONDON DIVERSIFIED FUND, LTD - 32 KALTCHUGA FUND - RUSSIA EQ. SU KAMUNTING STREET OFFSHORE FUND LOOMIS SAYLES CREDIT LONG SHOR 20 32 39 MS ASCEND UCITS FUND CLASS I E 24 MARSHALL WACE - MW GLOBAL OPPO 23 MUDRICK DISTRESSED OPPORTUNITY 17 15 LUCIDUS CAPITAL G4 FUND 15 LYNX (BERMUDA) LTD 42 KEYNES LEVERAGED QUANTITATIVE 42 KG INVESTMENT FUND LLC 30 KIMA PAN ASIA OFFSHORE FUND - 19 M. KINGDON OFFSHORE NV - A/1 KINETICS FUND, INC - A/A 26 KING STREET CAPITAL, LTD 17 KING STREET EUROPE LTD CLASS A M MARSHALL WACE - MW MARKET NEUT 44 MARTIN CURRIE ARF - JAPAN FUND 24 MARTIN CURRIE EUROPEAN HEDGE F 22 MASTERS FUND LTD MAGNOLIA SERI 33 MAVERICK FUND, LTD - CLASS A/1 23 MBAM ACTIVE LONG SHORT 22 MELLON OFF GLOB OPP FUND LTD - 39 MELLON OFF. ALPHAACCESS FUND L 39 MERCHANT COMMODITY FUND (THE) 36 OBSERVATORY CREDIT MARKETS FUN 14 MIDOCEAN ABSOLUTE RETURN CREDI 16 OCCO EASTERN EUROPEAN FUND A S 20 MIDOCEAN CREDIT OPPORTUNITY FU 16 OCEANIC HEDGE FUND - CLASS A 19 MILLENNIUM INTL LTD 50 OCP DEBT OPPORTUNITY INTERNATI 16 MKP PARTNERS OFFSHORE LTD 32 OCTAGON PAN ASIA FUND 19 MKP CREDIT OFFSHORE FUND 16 ODEY EUROPEAN, INC (EUR) 22 MKP OPPORTUNITY OFFSHORE, LTD 39 OMEGA OVERSEAS PARTNERS, LTD 26 MLIS - CCI HEALTHCARE LONG SHO 27 OMNI MACRO FUND I LIMITED 39 42 ONE WILLIAM STREET CAPITAL FUN 16 MLIS - MARSHALL W. TOPS UCITS 21 LC CAPITAL OFFSHORE FUND, LTD K MOORE MACRO MANAGERS FUND, LTD 27 MLIS - GRAHAM CAPITAL SYSTEMAT LANSDOWNE EUROPEAN EQUITY FD, LAZARD RATHMORE FUND - CLASS A J 21 MARSHALL WACE - MW GLOBAL FINA L 44 ONSLOW MACRO FUND CLASS A 39 41 N NEVSKY FUND PLC (COMPOSITE) 24 NEZU CYCLICALS FUND LTD 19 NORDIC ALPHA CLASS B - NOK 22 O MLIS - OZ EUROPE UCITS FUND CL 30 ORTUS FUND (CAYMAN) LTD 23 MLIS - THEOREMA EUROPEAN EQUIT 22 OWL CREEK OVERSEAS FUND, LTD 30 MACQUARIE ASIAN ALPHA FUND 44 MLIS - YORK EVEN DRIVEN UCITS 30 OWS CREDIT OPPORTUNITY FUND 17 MADISON STREET FUND L.P. 26 MLM MACRO PEAK PARTNERS OFFSH 39 OYSTER CREDIT OPPORTUNITIES FU 14 17 MAN GLG MULTI-STRATEGY FUND CL 50 MOJNA ALPHA LEVERAGED MASTER F 22 KINGDON CREDIT LTD A1/1 15 MARATHON VERTEX JAPAN FD, LTD 24 MOJNA ALPHA MASTER FUND - EUR 22 KINSALE COMPASS FUND 23 MARCATO INTERNATIONAL LTD 30 MONARCH DEBT RECOVERY FUND LTD 17 KL SPECIAL OPPORTUNITIES FUND 30 MARINUS OPPORTUNITIES FUND (PR 16 MONEDA ABSOLUTE RETURN LTD SUB 30 KLS DIVERSIFIED FUND LTD 32 MARLIN FUND LP 26 MONEDA CHILE FUND LTD 35 KROM RIVER COMMODITY FUND 36 MARSHALL WACE - MW CORE A USD 21 MONEDA LATIN AMERICAN CORPORAT 13 MARSHALL WACE - MW EUREKA A1 E 23 MOORE GLOBAL INV FD, LTD - A $ 39 Past performance is not a reliable indicator of future performance. Source - HSBC P PALOMINO FUND LTD CLASS B ORIG 15 PAN ASIA OPPORTUNITIES FUND LT 45 PASSPORT GLOBAL STRATEGY FUND 24 PASSPORT LONG SHORT STRATEGY F 24 PASSPORT SPECIAL OPPORTUNITIES 35 HSBC Alternative Investment Group | 6
  • 7. PAULSON ADVANTAGE LTD -A- 30 PROLOGUE FEEDER FUND, LTD. CLA 32 SFP VALUE REALIZATION FUND 31 TRADELINK INTEGRATED PROGRAM L 43 PAULSON ADVANTAGE PLUS LTD 31 PROSIRIS GLOBAL OPPORTUNITIES 15 SIERRA EUROPE OFFSHORE, LTD - 22 TRAXIS SIVIK GLOBAL HEALTHCARE 28 PAULSON CREDIT OPPORTUNITIES L 17 SILVER POINT CAPITAL OFFSHORE 17 TREND MACRO OFFSHORE LTD 39 SINFONIETTA FUND 37 TRIAN PARTNERS LTD 31 SKYLINE UCITS FUND INSTITUTION 20 TRICADIA CREDIT STRATEGIES, LT 16 SOLAISE SYSTEMATIC FUND LTD ( 43 TT INTERNATIONAL FUND 39 SOLUS SOLA LTD CL. I 31 TT MID-CAP EUROPE LONG/SHORT F 22 SOMERSET SPECIAL OPPORTUNITIES 31 TUDOR B.V.I GLOBAL FUND LTD -A 39 Q PAULSON ENHANCED LTD 47 PAULSON INTERNATIONAL, LTD 47 PAULSON RECOVERY FUND LTD 31 PEGASUS UCITS FUND 25 PELAGUS CAPITAL FUND 32 PELHAM LONG/SHORT FUND LTD CLA 22 RAB SPECIAL SITUATION FD LTD 27 SPF CREDIT SUISSE SECURITIZED 15 TUDOR B.V.I GLOBAL FUND LTD -A 40 PENSATO EUROPA FUND LTD EURO C 22 RAVEN ROCK CREDIT OFFSHORE FUN 16 SPINNAKER GLOB OPP FUND, LTD C 37 TUDOR DISCRETIONARY MACRO FUND 40 PERCEPTIVE LIFE SCIENCES OFFSH 28 RBR EUROPEAN LONG SHORT LTD (E 22 SPINNAKER GLOBAL EMERGING MARK 48 TUDOR TENSOR FUND LIMITED CLAS 43 PERRY PARTNERS INTERNATIONAL I 31 REAL RETURN ASIAN FUND LTD (TH 19 SR GLOBAL FUND C - INTERNATION 24 TULIP TREND FUND, LTD - A 43 PERSHING SQUARE INTL.LTD 31 REDWOOD OFFSHORE FUND 18 SR GLOBAL FUND H - JAPAN (Real 24 TWO SIGMA ABSOLUTE RETURN FUND 45 PHALANX JAPAN AUSTRALASIA MULT 48 RENAISSANCE INSTITUTIONAL DIVE 50 SR GLOBAL FUND INC - G - GLOBA 21 TWO SIGMA COMPASS CAYMAN FUND 43 PHARO MACRO FUND LTD 39 RENAISSANCE INSTITUTIONAL EQUI 26 SR PHOENICIA INC CLASS -A- SER 21 TWO SIGMA HORIZON CAYMAN LTD 50 PHARO TRADING FUND 37 RENAISSANCE INSTITUTIONAL FUTU 42 STANDARD PACIFIC CAPITAL -B- 24 TYRUS CAPITAL EVENT FUND LTD 31 PIMCO ABSOLUTE RETURN STRATEGY 32 REVELATION SPECIAL SITUATIONS 31 STK CAPITAL GLOBAL EQUITIES 24 TYRUS CAPITAL OPPORTUNITIES FU 31 PIMCO GLOBAL CREDIT OPPORTUNIT 15 ROSEMONT OFFSHORE FUND LTD CLA 46 STONE LION FUND LTD CLASS A 17 PIMCO MULTI-ASSET VOLATILITY F 52 RUBICON GLOBAL FUND, LTD 39 STRATEGIC VALUE RESTRUCTURING 17 PINE RIVER ASIA FUND 12 RUSSIAN PROSPERITY FUND - A 35 STRATUS FUND LIMITED CLASS B 50 PINE RIVER CONVERTIBLES FUND 12 RWC SAMSARA FUND CLASS A EURO 22 SUSA EUROPEAN EQUITIES FUND CL 22 PINE RIVER FIXED INCOME FUND L 15 RWC US ABSOLUTE ALPHA FUND - C 26 PINE RIVER FUND CLASS -B1- SHA 50 PINE RIVER LIQUID MORTGAGE FUN 32 PINPOINT CHINA FUND CLASS A US 19 PINPOINT MULTI-STRATEGY FUND 39 PLATINUM FUND LTD 24 PLATINUM PARTNERS VALUE ARBITR 50 POLAR CAPITAL EUROP CONVICTION 22 POLAR CAPITAL EUROPEAN FORAGER 27 POLLUX BRAZILIAN EQUITIES FUND 20 PORTLAND HILL OVERSEAS FUND LT 50 QVT OFFSHORE LTD CLASS 1-NR R U UMJ KOTOSHIRO FUND 24 V T S VAN ECK HARD ASSETS 2X FUND LT TELLIGENT GREATER CHINA FUND 20 SAB OVERSEAS FUND LTD 26 TEWKSBURY INVESTMENT FUND, LTD 43 SABA CAPITAL OFFSHORE FUND LTD 15 THE CAMBRIDGE STRATEGY - APOLL 38 SAGIL LATIN AMERICAN OPPORTUNI 20 THE CAMBRIDGE STRATEGY - ASIAN 36 SCHRODER ISF EMERGING MARKET D 13 THE CAMBRIDGE STRATEGY - EMERG 37 SEGANTII ASIA-PACIFIC EQUITY M 48 THE CAMBRIDGE STRATEGY - EXTEN SELIGMAN TECH SPECTRUM FUND CL 29 THEOREMA EUROPE FUND PLUS LTD 22 SEMINOLE OFFSHORE FUND 26 TILDEN PARK OFFSHORE INVESTMEN 28 TOSCA CLASS A - USD 27 16 VISIUM BALANCED OFFSHORE FUND 28 VISIUM GLOBAL OFFSHORE FUND LT 50 VISIUM INSTITUTIONAL PARTNERS 27 VR GLOBAL OFFSHORE FUND LTD 18 16 SENVEST PARTNERS, LTD - CLASS 19 VARDEN PACIFIC OPPORTUNITY OFF 37 Past performance is not a reliable indicator of future performance. Source - HSBC 50 W WATERSTONE MARKET NEUTRAL OFFS 12 HSBC Alternative Investment Group | 7
  • 8. WEISS MULTI-STRATEGY PARTNERS 50 WF ASIA FUND LTD S/1 20 WHITEBOX MULTI-STRATEGY FUND 50 WINTON EVOLUTION FUND (THE) 43 WINTON FUTURES FUND - CLASS B 43 Y YORK ASIAN OPPORTUNITIES UNITS 30 YORK INVESTMENT LTD -CLASS A-U 31 Z ZADIG FUND CLASS A1 22 ZEAL CHINA FUND LIMITED 20 ZWEIG-DIMENNA INTL LIMITED - C 26 Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 8
  • 9. Top Investment Funds Bottom Date Investment Funds SENVEST PARTNERS, LTD - CLASS A Return 58.75 31 Oct 13 RAB SPECIAL SITUATION FD LTD Return SFP VALUE REALIZATION FUND 56.48 31 Oct 13 CCP QUANTITATIVE FUND US$ ARISTARCHUS SH. -26.16 01 Nov 13 PERCEPTIVE LIFE SCIENCES OFFSH FUND, LTD 51.26 31 Oct 13 EAGLE GLOBAL FUND -20.82 01 Nov 13 MARLIN FUND LP 47.77 30 Sep 13 MONEDA CHILE FUND LTD -16.49 30 Sep 13 SR GLOBAL FUND H - JAPAN (Real Perf) 45.05 31 Oct 13 -15.15 01 Nov 13 BCM WESTON LP 41.90 31 Oct 13 WATERSTONE MARKET NEUTRAL OFFSHORE FUND, LTD PAULSON RECOVERY FUND LTD 41.63 31 Oct 13 HIGHBRIDGE QUANTITATIVE COMMODITIES FUND CLASS B -14.76 30 Sep 13 PEGASUS UCITS FUND 39.92 31 Oct 13 30 Sep 13 37.64 31 Oct 13 HIGHBRIDGE QUANTITATIVE COMMODITIES FUND CLASS A -14.61 OWL CREEK OVERSEAS FUND, LTD JABCAP GLOBAL BALANCED FUND LTD CLASS D/1 NI 37.52 31 Oct 13 ORTUS FUND (CAYMAN) LTD -14.45 31 Oct 13 GLENVIEW CAPITAL PARTNERS (CAYMAN), LTD. 37.43 31 Oct 13 EAGLE QUANTITATIVE MACRO FUND LTD -13.43 30 Sep 13 -12.64 01 Nov 13 -27.76 Date 25 Oct 13 JABCAP MULTI STRATEGY FUND LTD CLASS D/1 NI 35.93 15 Oct 13 DISCUS FEEDER LTD CL. B USD STANDARD LEVERAGE DORSET ENERGY FUND, LTD - CLASS A 35.51 31 Oct 13 HIGHBRIDGE STATISTICAL OPP. LTD – CLASS A -12.15 31 Oct 13 -11.72 31 Oct 13 TRIAN PARTNERS LTD 35.05 31 Oct 13 BREVAN HOWARD EM. MKT STRATEGIES FUND LTD ANDURAND COMMODITIES FUND 34.70 30 Sep 13 CONQUEST MACRO FUND, LTD (COMP) -10.56 06 Nov 13 THE CAMBRIDGE STRATEGY - EXTENDED MARKETS CURRENCY ALPHA -10.42 31 Oct 13 ARMAJARO STS COMMODITIES FUND CLASS -Z- -10.15 31 Oct 13 KINETICS FUND, INC - A/A 34.61 31 Oct 13 PASSPORT SPECIAL OPPORTUNITIES FUND LTD CLASS AA 31.98 31 Oct 13 UMJ KOTOSHIRO FUND 30.21 30 Sep 13 BEACH HORIZON FUND LTD -9.81 30 Sep 13 PALOMINO FUND LTD CLASS B ORIGINAL SERIES 27.59 30 Sep 13 HSBC TRADING ADVANTEDGE FUND -9.78 18 Oct 13 LANSDOWNE DEVELOPED MARKET FUND, LTD (GBP) 26.85 31 Oct 13 BLUETREND FUND, LTD - CLASS A -8.92 31 Oct 13 THE CAMBRIDGE STRATEGY - APOLLO (EM MACRO) ABSOLUTE RETURN -7.51 31 Oct 13 PIMCO MULTI-ASSET VOLATILITY FUND LTD -7.16 30 Sep 13 This ranking is for information only and should not be considered as exhaustive. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 9
  • 10. Top Investment Funds Bottom Date Investment Funds BTG PACTUAL DISTRESSED MORTGAGE FUND Return 46.16 31 Dec 12 CONQUEST MACRO FUND, LTD (COMP) Return -33.16 31 Dec 12 Date SFP VALUE REALIZATION FUND 44.54 31 Dec 12 RAB SPECIAL SITUATION FD LTD -27.94 31 Dec 12 CAIRN SUBORDINATED FINANCIALS FUND 43.43 31 Dec 12 PAULSON ADVANTAGE PLUS LTD -21.50 31 Dec 12 TILDEN PARK OFFSHORE INVESTMENT FUND LTD 41.34 31 Dec 12 DUNN WMA UCITS -20.22 31 Dec 12 BROOKFIELD GLOBAL REITS LONG SHORT STRATEGY 40.00 31 Dec 12 BEACH HORIZON FUND LTD -19.51 31 Dec 12 CHENAVARI REGULATORY CAPITAL STRATEGY - DR € 36.91 31 Dec 12 ARMAJARO STS COMMODITIES FUND CLASS -Z- -18.15 31 Dec 12 CQS DIRECTIONAL OPP. FEEDER FUND. Ltd – A NI USD 35.86 31 Dec 12 -17.57 31 Dec 12 PINE RIVER FIXED INCOME FUND LTD 34.85 31 Dec 12 HIGHBRIDGE QUANTITATIVE COMMODITIES FUND CLASS B SENVEST PARTNERS, LTD - CLASS A 34.81 31 Dec 12 HIGHBRIDGE QUANTITATIVE COMMODITIES FUND CLASS A -17.36 31 Dec 12 BLACKROCK OBSIDIAN FUND 34.27 31 Dec 12 ORTUS FUND (CAYMAN) LTD -17.33 31 Dec 12 400 CAPITAL CREDIT OPPORTUNITIES 34.21 31 Dec 12 AJIA-LIGHTHORSE CHINA GROWTH FUND LTD -14.51 31 Dec 12 ASGARD FIXED INCOME FUND LTD 34.12 31 Dec 12 PAULSON ADVANTAGE LTD -A- -14.23 31 Dec 12 CHENAVARI TORO CAPITAL I A 32.42 31 Dec 12 ELM RIDGE CAPITAL PARTNERS L.P. -14.08 31 Dec 12 MARLIN FUND LP 31.53 31 Dec 12 DISCUS FEEDER LTD CL. B USD STANDARD LEVERAGE -13.88 31 Dec 12 SR GLOBAL FUND H - JAPAN (Real Perf) 31.05 31 Dec 12 ASPECT DIVERSIFIED FUND - CLASS A -10.66 31 Dec 12 ODEY EUROPEAN, INC (EUR) 30.69 31 Dec 12 CAMPBELL GLOBAL ASSETS FUND LTD Class D -10.10 31 Dec 12 RBR EUROPEAN LONG SHORT LTD (Ex Rhine Alpha Stars) 29.45 31 Dec 12 -10.09 31 Dec 12 PALOMINO FUND LTD CLASS B ORIGINAL SERIES 29.29 31 Dec 12 MLIS - GRAHAM CAPITAL SYSTEMATIC MACRO UCITS FUND PINE RIVER LIQUID MORTGAGE FUND LTD 28.86 31 Dec 12 COMAC GLOBAL MACRO FUND -8.95 31 Dec 12 31 Dec 12 WINTON EVOLUTION FUND (THE) -8.31 31 Dec 12 OCEANIC HEDGE FUND - CLASS A -7.73 31 Dec 12 MERCHANT COMMODITY FUND (THE) - COMPOSITE -7.60 31 Dec 12 MARCATO INTERNATIONAL LTD 28.67 This ranking is for information only and should not be considered as exhaustive. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 10
  • 11. Top Investment Funds Bottom Return CUMULUS ENERGY FUND CLASS A USD 99.63 Date Investment Funds 31 Dec 11 PAULSON ADVANTAGE PLUS LTD Return -52.64 31 Dec 11 Date SEGANTII ASIA-PACIFIC EQUITY MULTI-STRATEGY FUND 40.75 31 Dec 11 PAULSON ADVANTAGE LTD -A- -35.96 31 Dec 11 FORT GLOBAL DIVERSIFIED 39.95 31 Dec 11 MLM MACRO PEAK PARTNERS OFFSH FD, LTD - B -35.04 31 Dec 11 RENAISSANCE INSTITUTIONAL EQUITIES LP (B) 34.12 31 Dec 11 SENVEST PARTNERS, LTD - CLASS A -33.96 31 Dec 11 MARSHALL WACE - MW GLOBAL OPPORTUNITIES A USD 27.16 31 Dec 11 MERCHANT COMMODITY FUND (THE) - COMPOSITE -30.07 31 Dec 11 ASGARD FIXED INCOME FUND LTD 25.31 31 Dec 11 PAULSON RECOVERY FUND LTD -27.92 31 Dec 11 CANDLEWOOD STRUCTURED CREDIT FUND LTD 25.27 31 Dec 11 JABCAP GLOBAL BALANCED FUND LTD CLASS D/1 NI -27.33 31 Dec 11 BLACKROCK 32 CAPITAL MASTER FUND SPC, LTD (THE) - A/1 24.92 31 Dec 11 JABCAP MULTI STRATEGY FUND LTD CLASS D/1 NI -25.65 31 Dec 11 SR GLOBAL FUND C - INTERNATIONAL (Real Perf) -24.27 31 Dec 11 CHENAVARI TORO CAPITAL I A 24.71 31 Dec 11 CASTLEROCK FUND LTD -23.84 31 Dec 11 BLACKROCK CAPITAL STRUCTURE INVESTMENTS FUND LTD 22.94 31 Dec 11 MONEDA CHILE FUND LTD -23.66 31 Dec 11 SINFONIETTA FUND 22.92 31 Dec 11 CHILTON CHINA OPPORTUNITIES FUND LTD -23.21 31 Dec 11 -22.31 31 Dec 11 DISCUS FEEDER LTD CL. B USD STANDARD LEVERAGE 21.95 31 Dec 11 ARMAJARO EMERGING MARKETS FUND CLASS -A- PLATINUM PARTNERS VALUE ARBITRAGE INT. FUND LTD 21.03 31 Dec 11 PAULSON ENHANCED LTD -21.55 31 Dec 11 TRADELINK INTEGRATED PROGRAM LTD -21.27 31 Dec 11 PIMCO MULTI-ASSET VOLATILITY FUND LTD 20.36 31 Dec 11 SR PHOENICIA INC CLASS -A- SERIES 1 -20.97 31 Dec 11 DYMON ASIA MACRO FUND (SERIES A) 20.11 31 Dec 11 TULIP TREND FUND, LTD - A -20.93 31 Dec 11 BLACKROCK FIXED INCOME GLOBAL ALPHA FUND 19.93 31 Dec 11 LANSDOWNE GLOBAL FINANCIALS FUND LTD. -N-USD -20.82 31 Dec 11 CAMPBELL GLOBAL ASSETS FUND LTD Class D 18.36 31 Dec 11 ODEY EUROPEAN, INC (EUR) -20.56 31 Dec 11 ELLINGTON MORTGAGE OPPORTUNITIES MASTER FUND LTD 16.19 31 Dec 11 MLIS - GRAHAM CAPITAL SYSTEMATIC MACRO UCITS FUND -20.38 31 Dec 11 STRATUS FUND LIMITED CLASS B 15.63 31 Dec 11 GSA CAPITAL INTERNATIONAL FUND, LTD - CLASS A 15.20 31 Dec 11 This ranking is for information only and should not be considered as exhaustive. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 11
  • 12. Inception Dates Liquidity Asset Size Last NAV or Index Date MTD YTD 2012 2011 2010 Ann. Return Ann. Vol Max Drawdown1 Convertible Ytd Avg. 2013 7.97% Convertible/Asia CQS ASIA FEEDER FUND LTD- CLASS -B-USD Michael Hintze, Jean-Christophe Blanc 30 Apr 07 PINE RIVER ASIA FUND Nikhil Mankodi 30 Jun 04 Q Q $97M Aug 13 1,309.75 $263M Oct 13 1,672.98 31 Oct 13 31 Oct 13 Convertible/Global BASSO INVESTORS LTD Howard Fischer 30 Sep 95 CQS CONV & QUANT STRATS FEED FD, LTD CLASS-BMichael Hintze/ Alex Schoenenberger 29 Feb 00 JABCAP GLOBAL CONVERTIBLE FUND - D1 Unrestricted Philippe Jabre 30 Apr 07 LAZARD RATHMORE FUND - CLASS A-2 Sean Reynolds, Christopher Sferruzzo 31 May 07 Q M W Q/M $347M Oct 13 6,966.36 $431M Sep 13 3,074.97 $271M Jun 13 186.29 $938M Aug 13 212.29 31 Oct 13 31 Oct 06 PINE RIVER CONVERTIBLES FUND Franklin Parlamis 31 Jul 09 WATERSTONE MARKET NEUTRAL OFFSHORE FUND, LTD Shawn Bergerson 31 Jul 03 Q Q Q $534M Sep 13 270.47 $118M Oct 13 196.63 $966M Sep 13 207.02 0.17% 10.74% 4.23% 8.00% (24.55%) 7.79% 8.08% 0.67% 12.99% 5.66% 11.24% (37.86%) Jan 08 - Dec 08 Ytd Avg. 2013 12.23% 1.24% 9.73% 9.5% 2.61% 17.15% 11.32% 6.00% (25.00%) Dec 07 - Oct 08 1.14% 31 Oct 13 1.02% 31 Oct 13 2.43% 25 Oct 13 -4.26% Oct 07 - Oct 08 31 Oct 13 Convertible/USA INVESTCORP SILVERBACK ARBITRAGE FUND Silverback Asset Management Ytd Avg. 2013 6.46% 0.29% 5.14% 5.45% 6.23% 8.65% -1.88% 7.98% 8.56% 8.16% (34.47%) Oct 07 - Dec 08 22.62% 5.37% -14.15% 8.45% 10.02% 13.32% (28.61%) May 08 - Nov 08 10.33% 4.59% -1.65% 16.97% 12.43% 8.81% (16.23%) Aug 08 - Nov 08 Ytd Avg. 2013 3.29% 0.65% 5.67% 3.34% 4.97% 11.16% 15.30% 13.63% (25.79%) Jun 08 - Nov 08 31 Oct 13 (1.23%) 01 Nov 13 0.14% 19.35% 7.6% 4.98% 22.41% 17.22% 7.07% (3.80%) Apr 10 - Jun 10 (15.15%) 11.1% 0.73% 6.1% 7.35% 10.51% (17.56%) Aug 08 - Oct 08 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 12
  • 13. Inception Dates Liquidity Asset Size Last NAV or Index Date MTD YTD 2012 2011 2010 Ann. Return Ann. Vol Max Drawdown1 Credit Ytd Avg. 2013 7.59% Credit/Emerging ABSOLUTE INSIGHT EMERGING MARKET DEBT FUND 30 Apr 08 CLASS B1P Colm McDonagh D BAF LATAM TRADE FINANCE FUND Ernesto Lienhard & team. 29 Feb 08 M BLUEBAY EMERGING MARKET FIXED INCOME OPPORTUNITY FUND David Dowsett, Rodrigo Da Fonseca 30 Nov 11 FINISTERRE SOVEREIGN DEBT FUND Paul Crean and Xavier Corin-Mick 31 Mar 03 IP ALL SEASONS ASIAN CREDIT HEDGE FUND Emil NGUY 31 Jan 02 MONEDA LATIN AMERICAN CORPORATE DEBT FUND 30 Sep 07 -AFernando Tisné and Javier Montero SCHRODER ISF EMERGING MARKET DEBT A/R -I ACCGeoffrey Blanning 31 Jan 02 M Q M Q Daily €622M Oct 13 1.44 $200M Sep 13 165.95 $188M May 13 104.01 $723M Sep 13 268.82 $385M Mar 13 21.68 $151M Sep 13 1,790.08 $3'600M Jun 13 34.02 Credit/Europe ABSOLUTE INSIGHT CREDIT FUND B1P2 EURO Alex Veroude 30 Sep 11 CAIRN CREDIT FOCUS FUND LTD Cairn Captial Limited 31 Jul 12 CAIRN SPECIAL OPPORTUNITIES CREDIT FUND Cairn Captial Limited 31 Dec 07 CAIRN SUBORDINATED FINANCIALS FUND Cairn Captial Limited 30 Sep 11 CHENAVARI REGULATORY CAPITAL STRATEGY - DR € Chenavari Investment Managers 31 Mar 11 CHENAVARI TORO CAPITAL I A Chenavari Investment Managers 31 May 09 EIFFEL CREDIT OPPORTUNITIES FUND CLASS A Emmanuel Weyd, Eiffel Investment Group 30 Nov 11 W M Q M Q M M €488M Oct 13 1.21 $83M Sep 13 111.31 €67M Sep 13 181.23 €109 M Sep 13 162.98 $174M Oct 13 146.00 $343M Oct 13 687.77 €93M Oct 13 1,302.56 Ytd Avg. 2013 2.67% 07 Nov (0.83%) (0.11%) 11.73% 13 30 Sep 13 0.60% 30 Sep 13 1.05% 30 Sep 13 4.76% 23 Oct 13 1.26% 5.97% 8.71% 8.01% 6.81% 7.94% (15.32%) May 08 - Oct 08 8.99% 11.23% 9.49% 0.44% 0.00% Jan 00 - Jan 00 (2.18%) 6.99% -0.62% 2.16% 3.74% (3.27%) Dec 12 - Mar 13 7.11% 4.3% 10.35% 12.04% 9.87% 7.33% (21.00%) Jun 08 - Oct 08 0.08% 18.68% -1.37% 17.43% 6.82% 9.50% (38.05%) Feb 08 - Mar 09 05 Nov (0.76%) 13 7.18% 06 Nov (0.58%) 13 0.62% 11.48% 1.32% 2.44% 17.08% 10.01% 14.95% (32.05%) Aug 08 - Dec 08 5.36% 0.69% 2.94% 8.38% 5.30% (9.31%) Mar 08 - Oct 08 Ytd Avg. 2013 8.15% 06 Nov (0.31%) 4.84% 12.65% 13 30 Sep 13 0.08% 4.63% 2.59% 9.55% 5.18% (1.77%) Oct 11 - Dec 11 6.38% 9.62% 2.84% (0.78%) May 13 - Jun 13 30 Sep (0.20%) 13 8.19% 30 Sep 13 2.02% 6.41% 30 Sep 13 1.21% 30 Sep 13 2.28% 01 Nov 13 0.10% 19.95% -12.51% 10.39% 10.89% 8.29% (13.94%) Jun 11 - Nov 11 43.43% 6.78% 27.62% 10.71% (4.95%) Mar 12 - May 12 9.79% 36.91% -2.87% 16.31% 6.26% (4.65%) Jul 11 - Sep 11 21.35% 32.42% 24.71% 90.56% 55.99% 12.92% (5.11%) Jul 11 - Oct 11 5.30% 20.07% 3.01% 14.73% 7.27% (4.47%) Apr 12 - Jun 12 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 13
  • 14. Inception Dates Liquidity Asset Size Last NAV or Index Date Credit/Europe LNG EUROPA CREDIT FUND LNG Capital LLP 31 Mar 11 OBSERVATORY CREDIT MARKETS FUND (THE) Shazad Ghaffar 30 Jun 04 OYSTER CREDIT OPPORTUNITIES FUND CLASS EUR2 Cairn Capital Limited 31 Jul 09 M M W $55M Sep 13 1,261.83 $792M Sep 13 296.07 €402M Oct 13 1,187.83 Credit/Global AG MORTGAGE VALUE PARTNERS LTD Jonathan Lieberman 30 Apr 09 ARISTEIA INTERNATIONAL LTD Anthony M. Frascella, William R. Techar 01 Aug 97 ASGARD FIXED INCOME FUND LTD Morten Mathiesen 30 Jun 03 AXONIC CREDIT OPPORTUNITIES OVERSEAS FUND,LTD Clayton DeGiacinto 31 Dec 10 BLUEBAY CREDIT ALPHA LONG SHORT FUND Geraud Charpin 31 Oct 11 BLUECREST MULTI STRATEGY CREDIT FUND Mike Platt 31 Oct 07 BLUEMOUNTAIN CREDIT ALTERNATIVES FUND BlueMountain Capital Management 31 Oct 03 BLUEMOUNTAIN LONG SHORT CREDIT FUND LTD BlueMountain Capital Management 31 Jan 10 BREVAN HOWARD CREDIT CATALYSTS FUND LTD CLASS A USD DW Investment Management ,LP 31 Jul 09 BREVAN HOWARD CREDIT VALUE FUND LTD DW Investment Management ,LP 29 Feb 12 CANDLEWOOD STRUCTURED CREDIT FUND LTD Greg Richter and Brian Herr 31 Dec 10 CANDLEWOOD STRUCTURED CREDIT HARVEST FD LTD Greg Richter and Brian Herr 31 Jul 12 CHENAVARI CORPORATE CREDIT STRATEGY M1 Chenavari Investment Managers 30 Sep 08 Q Q M Q M Q Q M M HY M Q M $1003M Sep 13 216.82 $1'306M Oct 13 907.00 € 263 M May 13 410.28 $1'010M Sep 13 144.85 €182M Sep 13 123.84 $1'647M Dec 12 156.76 $7'100M Sep 13 252.28 $1'300M Sep 13 1,147.31 $4'199M Sep 13 167.56 $418M Sep 13 135.22 $502M Sep 13 165.70 $181M Sep 13 123.90 $353M Oct 13 137.90 31 Oct 13 MTD YTD 2012 Ytd Avg. 2013 8.15% 1.50% 15.20% 19.58% 2011 2010 -7.79% Ann. Return 9.68% Ann. Vol Max Drawdown1 9.43% (10.12%) Apr 11 - May 12 30 Sep 13 0.78% 04 Nov 13 0.14% 4.64% 13.46% -5.02% 7.36% 12.44% 6.69% (12.74%) Jul 07 - Jul 08 1.19% 9.99% -1.61% 5% 4.12% 3.39% (6.80%) May 11 - Sep 11 Ytd Avg. 2013 8.58% 30 Sep (0.25%) 8.33% 20.08% 13 31 Oct 13 1.50% 01 Nov 13 0.66% 30 Sep 13 0.09% 31 Oct 13 1.22% 31 Oct 13 1.66% 25 Oct 13 0.69% 25 Oct 13 0.76% 30 Sep 13 1.21% 30 Sep 13 2.09% 31 Oct 13 1.10% 31 Oct 13 1.40% 30 Sep 13 1.81% 13.83% 11.2% 7.42% 24.06% 19.13% 4.51% (1.70%) May 13 - Jun 13 2.36% 10.5% 14.52% 9.08% (30.20%) May 08 - Dec 08 13.37% 34.12% 25.31% 20.62% 14.62% 6.94% (11.54%) Aug 08 - Dec 08 8.72% 25.69% 6.01% - 14.42% 4.69% (3.35%) Jul 11 - Oct 11 6.58% 26.2% 0.3% 16.12% 5.06% (1.60%) Jan 13 - Mar 13 6.06% 7.23% -1.31% 1.56% 7.77% 6.14% (7.59%) Apr 11 - Jan 12 6.06% 14.51% 3.57% 12.19% 9.70% 6.30% (11.82%) Aug 08 - Dec 08 6.40% 7.84% 3.65% 9.76% 7.40% 3.60% (3.43%) Apr 11 - Sep 11 8.43% 15.34% 1.22% 13.46% 13.18% 4.48% (5.05%) May 11 - Dec 11 13.62% 19.01% 20.94% 6.12% (2.00%) May 13 - Jun 13 10.11% 20.12% 25.27% - 19.49% 3.88% (1.55%) May 13 - Jun 13 11.91% 10.71% 18.66% 4.69% (2.20%) May 13 - Jun 13 8.48% 17.22% 1.29% 12.41% 13.85% 5.75% (6.82%) Apr 11 - Aug 11 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 14
  • 15. Inception Dates Liquidity Asset Size Last NAV or Index Date Credit/Global CQS ABS FEEDER FUND - CLASS -B1- USD Simon Finch 30 Sep 06 CQS CREDIT LONG SHORT FEEDER FUND LTD - B1 EUR Simon Finch 30 Apr 09 ELLINGTON CREDIT OPPORTUNITIES FUND LTD Ellington Management Group, LLC 30 Apr 08 ELLINGTON MORTGAGE OPPORTUNITIES MASTER FUND LTD Ellington Management Group, LLC 31 Jan 09 FEINGOLD OKEEFFE CAPITAL I OFFSHORE, LTD Andrea S. Feingold & R. Ian O’Keeffe 31 Jul 02 GREEN T G2 FUND Darryl Green, Geoffrey Sherry 28 Feb 99 III SELECT CREDIT FUND LTD CLASS -ALester Coyle 31 Dec 07 KINGDON CREDIT LTD A1/1 Michael Pohly 30 Sep 09 LOOMIS SAYLES CREDIT LONG SHORT FUND Kevin Kearns and Tom Stolberg 31 Aug 07 LUCIDUS CAPITAL G4 FUND Darryl Green, Geoffrey Sherry 28 Feb 11 PALOMINO FUND LTD CLASS B ORIGINAL SERIES David Tepper 31 Dec 94 PIMCO GLOBAL CREDIT OPPORTUNITY FUND SERIES 1 Dan Ivascyn / Jon Horne 30 Jun 06 PINE RIVER FIXED INCOME FUND LTD Steve Kuhn 31 Jan 08 PROSIRIS GLOBAL OPPORTUNITIES FUND Reza Ali 30 Jun 11 SABA CAPITAL OFFSHORE FUND LTD Boaz Weinstein 31 Jul 09 SPF CREDIT SUISSE SECURITIZED PRODUCTS MASTER FUND LTD Albert Sohn 31 Dec 11 Q M Q Q Q Q Q Q Q Q Y Q Q Q Q Q $1'831M Aug 13 4,960.39 $239M Sep 13 1,067.47 $518M Sep 13 247.10 $265M Sep 13 238.03 $40M Apr 13 252.31 $527M Sep 13 193.51 $240M Oct 13 1,852.64 $52 M Oct 13 1,534.44 $522M Mar 13 173.65 $530M Sep 13 108.24 $6'705M Jul 13 8,343.84 $1'537M Sep 13 171.44 $3'469M Oct 13 574.05 $797M Sep 13 156.95 $2'670M Sep 13 125.04 $1'331M Aug 13 131.75 31 Oct 13 MTD YTD 2012 Ytd Avg. 2013 8.58% 1.01% 7.81% 16.85% 2011 0.67% 2010 19.2% Ann. Return 25.34% Ann. Vol Max Drawdown1 11.89% (3.86%) Apr 07 - Jun 07 31 Oct 13 (1.76%) 30 Sep 13 0.57% 30 Sep 13 0.16% 31 Oct 13 1.10% 01 Nov 13 0.10% 31 Oct 13 1.40% 01 Nov 13 0.28% 31 Oct 13 0.65% 01 Nov 13 0.21% 30 Sep 13 6.02% (4.92%) -5.28% 7.74% 8.75% 1.64% 3.99% (10.57%) Sep 11 - Oct 13 13.10% 27.73% 1.86% 12.47% 18.16% 6.18% (1.84%) Apr 11 - Jul 11 7.52% 13.29% 16.19% 23.72% 20.43% 4.04% (0.58%) Mar 13 - Apr 13 9.67% 7.14% -9.97% 20.28% 8.57% 7.93% (29.78%) Jun 07 - Dec 08 1.00% 2.8% 0.8% 5.88% 6.58% 3.59% (4.26%) Dec 03 - Jul 04 7.49% 11.95% 7.41% 18.47% 11.32% 6.92% (8.44%) Aug 08 - Nov 08 12.05% 8.3% 1.64% 16.36% 11.22% 5.48% (6.34%) May 11 - Sep 11 3.49% 12.48% -0.76% 12.15% 9.35% 6.85% (9.90%) Jun 08 - Sep 08 1.80% 5.23% 1.04% 3.00% 3.19% (1.97%) Feb 11 - Jun 11 27.59% 29.29% -3.53% 27.86% 26.59% 20.25% (49.05%) Feb 98 - Sep 98 30 Sep (0.14%) 13 8.06% 31 Oct 13 0.34% 8.82% 30 Sep 13 1.01% 25 Oct 13 (1.57%) 30 Sep 13 1.86% 15.18% 6.24% 9.17% 7.71% 5.27% (12.86%) Jun 07 - Nov 08 34.85% 4.77% 31.84% 35.49% 9.46% (8.83%) Jul 11 - Oct 11 13.24% 22.49% 13.15% 22.13% 4.51% 0.00% Jan 00 - Jan 00 (0.58%) -3.87% 9.33% 10.85% 5.41% 5.16% (7.32%) Jun 12 - Apr 13 13.13% 16.46% - 17.06% 3.72% (0.57%) May 13 - Jun 13 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 15
  • 16. Inception Dates Liquidity Asset Size Last NAV or Index Date Credit/Global TRICADIA CREDIT STRATEGIES, LTD Arif Inayatullah & Michael Barnes 31 Mar 05 VARDEN PACIFIC OPPORTUNITY OFFSHORE FUND I LTD Varden Pacific LLC 30 Apr 12 Q Q $2'041M Aug 13 337.28 $45M Sep 13 117.41 15 Oct 13 30 Sep 13 Credit/USA 400 CAPITAL CREDIT OPPORTUNITIES Chris Hentemann 31 Jan 09 ACUITY CORPORATE OPPORTUNITY FUND LTD John Harnisch 31 Dec 09 BRIGADE LEVERAGED CAPITAL STRUCTURES FUND Don Morgan 31 Dec 06 MARINUS OPPORTUNITIES FUND (PROFORMA) Najib Canaan 31 Dec 09 MIDOCEAN ABSOLUTE RETURN CREDIT FUND MidOcean Credit Fund Management LP 31 Jan 10 MIDOCEAN CREDIT OPPORTUNITY FUND CLASS B MidOcean Credit Fund Management LP 31 Mar 09 MKP CREDIT OFFSHORE FUND Patrick McMahon and Anthony Lembke 28 Feb 99 OCP DEBT OPPORTUNITY INTERNATIONAL LTD Onex Credit Partners 30 Jun 01 ONE WILLIAM STREET CAPITAL FUND OWS Capital Management 31 Mar 08 RAVEN ROCK CREDIT OFFSHORE FUND LTD Nate Brown, Guy Caplan, Bobby Richardson 31 Aug 09 TILDEN PARK OFFSHORE INVESTMENT FUND LTD Josh Birnbaum 31 Dec 10 Q M Q Q M Q Q Q Y/Q M Q $587M Sep 13 243.16 $140M Oct 13 149.59 $5'067M Oct 13 1,561.02 $316M Aug 13 153.46 $291M Jul 13 139.84 $585M Jul 13 210.13 $1'560M Sep 13 505.65 $316M Sep 13 272.67 $2'096M Oct 13 1,740.00 $117M Jul 13 160.23 $1'328M Sep 13 181.28 30 Sep 13 MTD YTD 2012 Ytd Avg. 2013 8.58% 0.29% 8.03% 12.73% 2011 -0.81% 2010 10.19% Ann. Return 15.28% Ann. Vol 7.59% Max Drawdown1 (10.77%) Jun 08 - Nov 08 2.47% 6.83% 9.91% 11.97% 4.46% (1.55%) May 13 - Jun 13 Ytd Avg. 2013 7.43% 0.37% 10.84% 34.21% 3.07% 21.17% 20.98% 6.45% (2.91%) May 11 - Oct 11 31 Oct 13 1.53% 31 Oct 13 0.66% 30 Sep 13 0.27% 31 Oct 13 1.35% 30 Sep 13 0.63% 31 Oct 13 2.26% 31 Oct 13 0.89% 6.94% 11.14% 1.2% 24.36% 11.07% 4.10% (3.23%) Jul 11 - Nov 11 4.22% 6.7% 2.45% 7.52% 6.73% 6.67% (19.42%) Jun 08 - Dec 08 4.39% 14.54% 6% 21.08% 12.10% 2.84% (0.99%) May 13 - Jun 13 6.54% 10.8% 9.99% 7.71% 9.35% 3.74% (3.26%) Jul 11 - Sep 11 6.83% 10.78% 7.46% 16.64% 17.92% 6.89% (2.69%) Jul 11 - Aug 11 8.05% 19.59% -5.11% 15.33% 11.67% 5.56% (8.94%) Feb 11 - Oct 11 8.28% 9.21% -1.39% 10.32% 8.46% 6.49% (24.14%) Jun 07 - Dec 08 30 Sep (0.35%) 13 4.02% 31 Oct 13 2.36% 5.13% 30 Sep 13 0.72% 18.98% -4.19% 18.8% 10.59% 6.17% (8.43%) Feb 11 - Nov 11 8.46% 6.53% 18.82% 11.97% 5.20% (3.76%) Jul 11 - Sep 11 16.51% 41.34% 10.07% - 24.14% 5.65% (0.90%) Sep 11 - Oct 11 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 16
  • 17. Inception Dates Liquidity Asset Size Last NAV or Index Date MTD YTD 2012 2011 2010 Ann. Return Ann. Vol Max Drawdown1 Distressed Security Ytd Avg. 2013 11.07% Distressed Security/Europe KING STREET EUROPE LTD CLASS A O. Francis Biondi, Jr., Brian J. Higgins 30 Jun 07 Q $800M Aug 13 167.50 25 Oct 13 Distressed Security/Global CANDLEWOOD SPECIAL SITUATIONS FUND LTD Michael Lau and David Koenig 30 Apr 03 CANYON VALUE REALIZATION FD, LTD - CLASS A M.R. Julis & J.S. Friedman 31 Dec 94 CERBERUS INTL. LTD CLASS A A/C 191 Steve Feinberg 31 May 93 CONTRARIAN CAPITAL FUND I OFFSHORE LTD Jon Bauer 30 Sep 86 DAVIDSON KEMPNER DIST. OPP. INT. LTD - CLASS C TRN 1 Anthony A. Yoseloff, Avi Z. Friedman and Conor Bastable 31 Mar 05 KING STREET CAPITAL, LTD O. Francis Biondi Jr & Brian J. Higgins 31 Dec 96 LC CAPITAL OFFSHORE FUND, LTD Steven G Lampe & Richard F Conway 30 Sep 99 MONARCH DEBT RECOVERY FUND LTD Michael Weinstock, Andrew Herenstein 31 Mar 02 MUDRICK DISTRESSED OPPORTUNITY FUND LTD Jason Mudrick 30 Jun 09 OWS CREDIT OPPORTUNITY FUND OWS Capital Management 31 Dec 10 PAULSON CREDIT OPPORTUNITIES LTD John Paulson 30 Jun 06 SILVER POINT CAPITAL OFFSHORE LTD Edward Mulé 31 Dec 01 STONE LION FUND LTD CLASS A Greg Hanley and Alan Mintz 31 Oct 08 STRATEGIC VALUE RESTRUCTURING FUND Victor Khosla 31 Aug 02 Q Q Q Y Y Q Y/Q Y Q Y/Q Y Q Q Q/Y $191M Sep 13 770.73 $5'695M Jun 13 7,232.69 $971M Aug 13 787,671.83 $2'680M Sep 13 2,512.00 $896M Jul 13 2,423.80 $11'000M Aug 13 589.97 $118M Sep 13 354.53 $1'360M Aug 13 3,690.77 $205M May 13 162.55 $367M Oct 13 1,315.93 $5'388M Feb 13 1,600.60 $5'111M Jun 13 4,333.99 $620M Dec 12 2,207.85 $1'159M Dec 12 331.51 31 Oct 13 Ytd Avg. 2013 10.11% 1.20% 10.11% 10.98% -4.82% 7.94% 8.50% 6.64% (8.56%) May 11 - Nov 11 Ytd Avg. 2013 11.27% 1.00% 10.31% 14.78% 3.88% 11.54% 21.44% 11.41% (28.11%) May 08 - Nov 08 30 Sep 13 1.35% 30 Sep 13 1.12% 31 Oct 13 2.18% 31 Oct 13 2.21% 25 Oct 13 0.85% 30 Sep 13 0.40% 30 Sep 13 1.19% 30 Sep 13 1.30% 11.53% 18.05% -4.66% 14.66% 11.12% 8.47% (28.82%) Oct 07 - Nov 08 2.21% 12.05% 9.6% 10.32% 10.68% 5.43% (22.26%) May 08 - Feb 09 13.40% 24.31% -1.32% 12.38% 12.63% 9.69% (33.22%) Jun 07 - Feb 09 18.29% 13.51% -2.45% 10.16% 10.85% 9.98% (26.27%) Oct 07 - Nov 08 9.66% 12.52% -1.62% 5.41% 11.12% 4.08% (5.21%) May 11 - Nov 11 (4.72%) 9.61% 0.25% 14.51% 9.45% 8.73% (34.48%) Jun 07 - Feb 09 13.39% 12.08% -0.45% 25.65% 12.01% 8.13% (33.02%) Oct 07 - Dec 08 8.00% 21.85% -3.72% 11.42% 12.10% 5.86% (8.55%) Mar 11 - Sep 11 30 Sep (0.04%) 13 9.31% 31 Oct 13 1.81% 15.48% 15 Oct 13 0.48% 31 Oct 13 1.08% 25 Oct 13 1.12% 23.41% -2.46% - 10.50% 5.37% (7.86%) Apr 11 - Oct 11 8.87% -18.24% 18.78% 45.89% 42.18% (24.80%) Apr 11 - Sep 11 14.41% 20.04% 4.52% 19.42% 13.24% 8.49% (35.48%) Jun 07 - Dec 08 12.72% 11.31% 0.05% 9.25% 17.15% 8.70% (8.74%) Apr 11 - Sep 11 14.58% 13.18% -11.03% 13.12% 11.34% 7.70% (24.47%) May 07 - Jan 09 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 17
  • 18. Inception Dates Liquidity Asset Size Last NAV or Index Date Distressed Security/Global VR GLOBAL OFFSHORE FUND LTD Richard Deitz 30 Apr 99 Q $1'442M Sep 13 32,746.11 30 Sep 13 Distressed Security/USA BEACH POINT TOTAL RETURN OFFSHORE FUND II, LTD Carl Goldsmith, Scott Klein, 30 Jun 96 BTG PACTUAL DISTRESSED MORTGAGE FUND BTG Pactual Global Asset Management 28 Feb 10 HALCYON OFF. ASSET-BACKED VALUE FUND LTD Joseph Wolnick ,Joseph Godley and Jim Coppola 30 Nov 05 REDWOOD OFFSHORE FUND Jonathan Kolatch 31 Jul 00 Q Q Q Y $1'700M Jul 13 617.27 $172M Sep 13 1,849.79 $2'663M Sep 13 2,688.01 $3'143M Aug 13 687.30 24 Oct 13 MTD YTD 2012 Ytd Avg. 2013 11.27% 4.41% 20.44% 20.69% 2011 3.58% 2010 58.35% Ann. Return 27.35% Ann. Vol Max Drawdown1 15.14% (48.38%) May 08 - Mar 09 Ytd Avg. 2013 10.57% 1.46% 10.54% 13.86% -0.98% 13% 11.08% 8.21% (24.04%) Oct 07 - Dec 08 30 Sep 13 0.61% 15 Oct 13 0.43% 31 Oct 13 2.40% 12.91% 46.16% -4.65% 17.56% 18.69% 9.12% (13.21%) Apr 11 - Dec 11 4.97% 16.14% 4.12% 25.33% 13.37% 5.61% (13.32%) Aug 08 - Mar 09 13.87% 21.94% -1.98% 23.48% 15.65% 10.91% (36.28%) May 07 - Dec 08 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 18
  • 19. Inception Dates Liquidity Asset Size Last NAV or Index Date MTD YTD 2012 2011 2010 Ann. Return Ann. Vol Max Drawdown1 Equity-Commodity Ytd Avg. 2013 10.58% Equity-Commodity/Global DUNN WMA UCITS Wiliam Dunn, Marty Bergin 31 Aug 11 OCEANIC HEDGE FUND - CLASS A Cato Brahde, Andreas Vergottis, Bjorn Rise 31 Jul 02 VAN ECK HARD ASSETS 2X FUND LTD Shawn Reynolds and Charles Cameron 31 Dec 04 D M M $347M Apr 13 88.12 $843M Sep 13 3,417.20 $19M Apr 13 187.24 31 Oct 13 Ytd Avg. 2013 10.58% 5.62% 15.73% -20.22% -4.56% (5.67%) 23.21% (27.87%) Aug 11 - Oct 12 31 Oct 13 2.70% 30 Sep 13 1.22% 17.85% -7.73% 5.24% -0.5% 11.53% 8.24% (12.78%) Nov 11 - Jul 12 (1.83%) 11.04% -13.4% 10.2% 7.43% 10.69% (22.23%) Jun 08 - Nov 08 Equity-Diversified Ytd Avg. 2013 13.93% Equity-Diversified/Asia AJIA-LIGHTHORSE CHINA GROWTH FUND LTD Shawn Kang 31 Dec 05 CC ASIA ABSOLUTE RETURN FUND Richard Cardiff, Angus Coupland 30 Jun 05 CHILTON CHINA OPPORTUNITIES FUND LTD Kenneth Chiang 31 Dec 06 EVEREST CAPITAL ASIA Marko Dimitrijevic 31 Dec 05 HT ASIAN CATALYST FUND LLC Ms. Ophelia Tong 31 Dec 98 JOHO FUND, LTD-ARobert Karr 31 Oct 96 KIMA PAN ASIA OFFSHORE FUND - CLASS -AJustin Klintberg, David Nesbitt 30 Jun 09 NEZU CYCLICALS FUND LTD Fuyuki Fujiwara 31 Jul 05 OCTAGON PAN ASIA FUND Poh Min Lam & Nelson Chia 30 Sep 04 PINPOINT CHINA FUND CLASS A USD Qiang Wang 31 May 05 REAL RETURN ASIAN FUND LTD (THE) Ezra Sun 30 Sep 04 M M Q Q M S M Q M M M $142M Apr 13 390.84 $480M Sep 13 243.30 $21M Jan 13 199.30 $140M May 13 197.61 $160M Oct 13 19.59 $2'575 M Sep 13 1,811.54 $23M Sep 13 1,261.55 $152M Oct 13 221.65 $140M Sep 13 219.16 $534M Sep 13 725.28 $495M Sep 13 275.54 30 Sep 13 Ytd Avg. 2013 11.49% 2.75% 22.31% -14.51% -12.64% 22.79% 19.22% 20.83% (41.06%) Feb 08 - Dec 08 31 Oct 13 3.35% 31 Oct 13 1.11% 30 Sep 13 2.60% 31 Oct 13 2.83% 31 Oct 13 2.80% 30 Sep 13 0.82% 01 Nov 13 0.51% 31 Oct 13 0.25% 31 Oct 13 0.94% 31 Oct 13 1.31% 9.70% -2.03% 9.08% 21.14% 11.25% 14.77% (27.12%) Dec 07 - Dec 08 12.74% 6.63% -23.21% 0.42% 10.61% 17.12% (26.16%) Oct 10 - Aug 12 3.07% 0.06% -12.54% 6.72% 9.18% 19.59% (43.59%) Oct 07 - Feb 09 3.10% 9.51% -10.29% 4.43% 10.47% 11.51% (23.93%) Mar 00 - Mar 01 25.88% 8.83% 0.38% 17.9% 20.13% 15.84% (19.38%) Nov 07 - Nov 08 7.79% -1.58% -5.39% 11.77% 5.61% 8.31% (17.30%) May 11 - Aug 12 21.43% -6.58% -5.09% 7.53% 10.11% 12.96% (25.06%) Oct 07 - Feb 09 5.00% 11.8% -6.07% -2.68% 9.01% 8.87% (10.69%) Oct 07 - Jan 09 6.80% 8.06% 0.6% 5.87% 26.51% 20.94% (42.16%) Oct 07 - Nov 08 10.29% 9.02% -9.19% 5.75% 11.80% 9.98% (15.09%) Apr 11 - May 12 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 19
  • 20. Inception Dates Liquidity Asset Size Last NAV or Index Date Equity-Diversified/Asia TELLIGENT GREATER CHINA FUND Ching-Shan Lin 31 Jul 04 WF ASIA FUND LTD S/1 Scobie Ward 31 Jan 01 ZEAL CHINA FUND LIMITED Daniel POON Chun Pong 31 Dec 09 M M M $274M Sep 13 347.25 $381M Sep 13 403.16 $658M Sep 13 146.02 $56M Sep 13 1,789.68 $170M Feb 13 157.42 $45M May 13 134.08 $250M May 13 153.76 $159M Sep 13 2,346.78 $183M Sep 13 1,089.74 $159M Sep 13 353.95 $267M May 13 222.27 $59M Jun 13 8,674.69 $619M Oct 13 385.64 $46M Jun 13 150.50 $50M Aug 13 136.09 $119M May 13 143.21 Equity-Diversified/Brazil BNY MELLON ARX BRAZIL FUND SPC LONG SHORT Bruno Garcia, Frederico Saraiva & Rogerio Poppe 31 Jan 07 M Equity-Diversified/Emerging ADELPHI EMERGING EUROPE. FUND USD SHARES Lars Dollmann 31 Mar 07 ARMAJARO EMERGING MARKETS FUND CLASS -AMichel Danechi 31 Jul 09 EVEREST CAPITAL FRONTIER MARKETS Marko Dimitrijevic 31 Jul 08 FIREBIRD NEW RUSSIA FUND, LTD - CLASS A Harvey Sawikin & Ian Hague 30 Jun 96 FIREBIRD REPUBLICS FUND, LTD Harvey Sawikin & Ian Hague 30 Apr 97 GROWTH MANAGEMENT LTD Stephan Pinter 31 May 98 JABCAP EMEA FUND CLASS X1 Carl Tohme 30 Sep 08 KALTCHUGA FUND - RUSSIA EQ. SUB-FUND -$J-L. Tauvy 15 Nov 00 OCCO EASTERN EUROPEAN FUND A SHARES Pawel Szulc & Andrew Wiles 31 Dec 01 POLLUX BRAZILIAN EQUITIES FUND Rodrigo Fonseca 31 Oct 07 SAGIL LATIN AMERICAN OPPORTUNITIES FUND CLASS A Adrian Landgrebe and Brad Jones 30 Jun 09 SKYLINE UCITS FUND INSTITUTIONAL SHARE CLASS Geoff Bamber, David Tovar, 31 Jul 11 Q M Q Q Q M M BM Y/Q M M D 30 Sep 13 MTD YTD 2012 Ytd Avg. 2013 11.49% 2.54% 16.56% 10.76% 2011 -17.35% 2010 12.73% Ann. Return 14.54% Ann. Vol 18.85% Max Drawdown1 (46.90%) Oct 07 - Oct 08 01 Nov (0.44%) 13 12.20% 27.68% 7.86% 30 Sep 13 0.00% 31 Oct 13 2.36% 31 Oct 13 1.89% 30 Sep 13 1.30% 31 Oct 13 1.09% 31 Oct 13 4.73% 31 Oct 13 0.59% 31 Oct 13 (1.40%) 25 Oct 13 2.50% 31 Oct 13 3.37% -1.28% 11.55% 13.19% (37.65%) Oct 07 - Nov 08 01 Nov (0.03%) 3.95% 12.9% 13 Ytd Avg. 2013 7.90% 01 Nov (0.32%) 7.90% 11.03% 13 Ytd Avg. 2013 9.79% 31 Oct (0.28%) 19.70% -2.13% 13 31 Oct 13 -7.21% 7.60% 17.35% 6.18% 17.18% 10.37% 14.80% (13.00%) Dec 09 - Feb 10 3.58% 11.7% 9.00% 8.90% (23.95%) Jun 08 - Oct 08 -15.92% 17.01% 7.13% 13.38% (28.62%) May 08 - Jan 09 -22.31% 18.17% 7.13% 14.66% (28.30%) Apr 11 - Dec 11 17.57% 17.3% -18.38% 30.64% 8.68% 15.13% (25.56%) Jul 08 - Feb 09 (0.90%) 11.42% -14.62% 40.35% 19.95% 39.69% (81.79%) Mar 98 - Sep 98 17.39% 13.26% -19.42% 29.51% 15.56% 30.59% (73.20%) Sep 97 - Jan 99 2.46% -6.37% -6.15% 1.08% 8.59% 7.14% (33.23%) Jun 08 - Jul 12 8.11% 6.94% -3.2% 13.59% 16.99% 10.58% (10.02%) Apr 11 - May 12 8.88% 12.91% -20.88% 27.69% 18.13% 34.19% (81.80%) Dec 07 - Jan 09 8.74% 7.73% 5.42% 11.17% 13.19% 7.72% (20.86%) Jun 08 - Oct 08 (2.67%) 13.12% 0.39% -2.62% 7.04% 8.06% (9.59%) May 08 - Oct 08 8.23% 14.46% -9.01% 4.96% 7.39% 8.53% (12.35%) Oct 10 - Sep 11 10.57% 25% 3.62% 17.27% 9.94% (7.10%) Apr 12 - May 12 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 20
  • 21. Inception Dates Liquidity Asset Size Last NAV or Index Date Equity-Diversified/Emerging SR GLOBAL FUND INC - G - GLOBAL OPPORTUNITIES 29 Feb 96 PTF (Real Perf) Richard Chenevix-Trench M SR PHOENICIA INC CLASS -A- SERIES 1 Richard Atherton M 31 Jul 01 $450M Sep 13 1,299.89 $140M Sep 13 468.51 31 Oct 13 31 Oct 13 Equity-Diversified/Europe ADELPHI EUR. FUND $ (A) Roderick Jack, Marcel Jongen 30 Sep 97 ADRIGO HEDGE Göran Tornée 30 Nov 06 ANTARES EUROPEAN FUND, LTD - USD Peter Miles Testa, Luca Orsini Baroni 08 Dec 98 AQUILUS INFLECTION FUND LTD EUR SHS Richard Vogel 31 Jul 07 CAPEVIEW AZRI 2X FUND Michael Sakkas and Sushil Shah 30 Sep 10 CAPEVIEW AZRI FUND Michael Sakkas and Sushil Shah 31 Oct 07 CAZENOVE EURO EQ ABS RETURN FUND LIMITED CLASS B Steve Cordell 30 Nov 03 EGERTON EUROPEAN EQUITY FUND LTD CLASS B1 EUR John C. Armitage 31 Aug 94 GLG EUROPEAN LONG SHORT FUND CL-D- Inst Pierre Lagrange, Simon Savage, Darren Hodges 30 Sep 00 HABROK LTD Leif Christian Kvaal 31 Mar 04 JPMORGAN PORT. STRAT. FUNDS-EUROPE DYNAMIC L/S FUND-A10-03 Jonathan Ingram, John Baker, Anis Lahlou-Abid 30 Sep 03 LANSDOWNE EUROPEAN EQUITY FD, LTD - A (EUR) Alex Snow & S. Heinz 31 Aug 98 MARSHALL WACE - MW CORE A USD Ernesto Fragomeni 31 Oct 06 MARSHALL WACE - MW EUROPEAN TOPS A EUR Anthony Clake 31 Dec 04 Q M M M M M M M M Q M M M M $1'139M Feb 13 455.17 $121M Oct 13 157.80 $500M Dec 11 516.49 €248M Sep 13 124.20 $200M Oct 13 148.58 $244M Oct 13 166.51 €60M Sep 13 1,811.98 $934M Aug 13 71.11 $811M Sep 13 328.35 $391M Oct 13 283.38 $190M Oct 13 404.60 $353M Sep 13 203.02 $1'331M Jun 13 139.32 $823M Jan 13 197.24 31 Oct 13 MTD YTD 2012 Ytd Avg. 2013 9.79% 1.30% 14.52% -0.88% 2011 -17.2% 2010 Ann. Return 2.67% 19.21% Ann. Vol Max Drawdown1 18.09% (37.25%) Oct 07 - Feb 09 2.42% 16.81% 8.13% -20.97% -1.87% 13.42% 18.41% (56.02%) Oct 07 - Feb 09 Ytd Avg. 2013 11.52% 3.11% 12.89% 14.08% -4.91% 9.15% 9.87% 11.73% (26.28%) May 07 - Feb 09 31 Oct 13 1.90% 31 Oct 13 5.01% 31 Oct 13 1.36% 31 Oct 13 2.83% 31 Oct 13 1.37% 30 Sep 13 3.04% 31 Oct 13 1.68% 01 Nov 13 0.12% 31 Oct 13 4.00% 31 Oct 13 2.66% 31 Oct 13 4.13% 11.35% 5.91% -0.17% 7.42% 6.81% 5.45% (9.13%) May 07 - Oct 08 21.19% 1.7% -10.75% 28.25% 11.64% 15.33% (32.68%) Jun 07 - Dec 08 11.99% 18.73% -14.14% 22.2% 3.52% 9.15% (22.46%) Oct 07 - Oct 08 18.76% 12.65% 4.31% 6.47% 13.68% 5.89% (2.74%) Jan 11 - Jul 11 8.81% 5.82% 1.29% 12.75% 8.86% 3.55% (1.94%) Jan 11 - Jul 11 9.21% 16.68% -0.65% -12.06% 6.23% 5.89% (17.67%) Oct 08 - Aug 11 21.89% 13.65% -4.94% 15.76% 14.99% 9.97% (28.26%) Oct 07 - Jan 09 5.60% 5.75% 7% 8.25% 9.50% 8.09% (17.94%) Oct 07 - Oct 08 12.01% 6.85% -9.66% 11.59% 11.47% 15.19% (38.55%) May 08 - Jan 09 10.59% -4.72% 10.2% 28.88% 14.85% 8.55% (16.39%) Jun 08 - Nov 09 14.81% 4.56% -12.68% 5.4% 9.51% 11.69% (21.60%) May 08 - Feb 09 05 Nov (0.21%) 13 5.50% 05 Nov 13 12.48% 0.19% 8.72% 5.65% 2.79% 4.84% 8.99% (26.47%) Jun 07 - Sep 08 11.31% 4.29% -0.13% 7.98% 7.83% (21.75%) Oct 07 - Feb 09 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 21
  • 22. Inception Dates Liquidity Asset Size Last NAV or Index Date Equity-Diversified/Europe MARTIN CURRIE EUROPEAN HEDGE FUND CLASS -BMichael Browne & Steve Frost 31 Dec 00 MBAM ACTIVE LONG SHORT Hilton Nathanson 31 Jul 10 M M MLIS - THEOREMA EUROPEAN EQUITY LONG SHORT 31 May 10 UCITS FUND - EUR B (acc) Theorema Asset Management Limited D MOJNA ALPHA LEVERAGED MASTER FUND - EUR Jakob Nordestedt, Michael O’Mara 30 Nov 07 M MOJNA ALPHA MASTER FUND - EUR Jakob Nordestedt, & Michael O'Mara 31 Dec 02 NORDIC ALPHA CLASS B - NOK Thomas Raaschou, Christian T. Nygaard 31 Aug 03 ODEY EUROPEAN, INC (EUR) Crispin Odey 31 May 92 PELHAM LONG/SHORT FUND LTD CLASS A EUR Ross Turner 31 Oct 07 PENSATO EUROPA FUND LTD EURO CLASS Graham Clapp & Edward Rumble 31 May 08 POLAR CAPITAL EUROP CONVICTION FUND LIMITED Robert Gurner 31 Mar 06 RBR EUROPEAN LONG SHORT LTD (Ex Rhine Alpha Stars) Rudolf Bohli 30 Apr 05 RWC SAMSARA FUND CLASS A EURO Ajay Gambhir 17 Sep 07 SIERRA EUROPE OFFSHORE, LTD - CLASS C USD Charles Michaels 28 Feb 97 SUSA EUROPEAN EQUITIES FUND CLASS A NIE EUR Reza Amiri 28 Feb 09 THEOREMA EUROPE FUND PLUS LTD B/1 USD G. Govi 31 Aug 04 TT MID-CAP EUROPE LONG/SHORT FUND LTD - CL B David Grimbley 30 Apr 05 ZADIG FUND CLASS A1 Laurent Saglio 30 Nov 05 M M W M M M M M M M M M M $165M Oct 13 299.09 $523M Aug 13 116.32 €91M Sep 13 112.69 $245M Mar 13 164.32 $281M Mar 13 173.09 NOK770M Sep 13 208.61 €1'577M Sep 13 856.23 $1'592M Sep 13 173.37 €140M Sep 13 132.36 €126M May 13 157.33 $90M May 13 2,610.70 $87M Sep 13 140.42 $90M Oct 13 514.57 $138M Oct 13 170.13 $20M Jan 13 263.00 $732M Aug 13 269.48 €331M Jul 13 230.45 31 Oct 13 31 Oct 13 MTD YTD 2012 Ytd Avg. 2013 11.52% 5.17% 18.89% 13.51% 2011 -8.53% 2010 3.31% Ann. Return 7.62% Ann. Vol Max Drawdown1 7.57% (11.03%) Jun 08 - Feb 09 0.51% 3.34% 3.61% 0.08% 8.56% 4.75% 3.37% (2.19%) May 12 - Jul 12 05 Nov (0.10%) 13 4.61% 01 Nov 13 1.08% 10.80% 01 Nov 13 0.38% 30 Sep 13 1.54% 31 Oct 13 1.80% 30 Sep 13 2.14% 30 Sep 13 0.09% 25 Oct 13 1.69% 31 Oct 13 5.20% 31 Oct 13 2.43% 4.37% -0.27% 3.49% 3.54% 7.51% (12.02%) Sep 11 - Jul 12 -4.33% 5.58% 22.25% 8.74% 5.94% (6.96%) Feb 12 - Jul 12 3.69% -2.69% 1.39% 7.63% 5.19% 2.59% (3.27%) Feb 12 - Jul 12 16.48% 12.14% -14.91% 13.7% 7.57% 11.31% (32.36%) Dec 07 - Feb 09 18.28% 30.69% -20.56% -0.06% 14.05% 16.08% (50.64%) Jan 94 - Jul 95 22.82% 16.89% -10.68% 13.54% 9.74% 10.88% (12.25%) May 08 - Dec 08 1.63% 11.22% -0.28% 1.99% 5.39% 5.84% (5.40%) Jun 08 - Sep 08 0.20% 8.07% 6.45% -0.18% 6.16% 8.59% (5.84%) May 11 - Aug 11 16.60% 29.45% -11.71% 24.3% 11.94% 19.26% (55.01%) Jun 07 - Nov 08 17.24% 2.97% -0.85% 11.28% 5.70% 8.14% (11.60%) Jun 11 - May 12 01 Nov (0.48%) 13 3.38% 01 Nov 13 0.07% 14.23% 25 Oct 13 2.98% 31 Oct 13 2.19% 01 Nov 13 0.22% 11.82% 4.88% -3.08% 10.32% 8.98% (16.98%) Mar 00 - Jan 03 15.22% -10.33% 14.74% 12.03% 11.67% (16.04%) May 11 - Sep 11 6.63% 5.6% -0.29% 2.48% 11.14% 12.08% (15.14%) Sep 11 - Jul 12 11.34% 6.9% -1.72% 11.5% 12.36% 8.84% (7.41%) Apr 06 - Sep 06 9.82% 11.02% 3.56% 1.78% 11.11% 11.42% (19.14%) Aug 08 - Oct 08 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 22
  • 23. Inception Dates Liquidity Asset Size Last NAV or Index Date Equity-Diversified/Global ANAVON MASTER FUND LTD CLASS -BAvi Fruchter and Avraham Mevorah 31 Dec 10 BEACONLIGHT OFFSHORE FUND LTD Ed Bosek 31 Dec 09 BROOKFIELD GLOBAL LISTED INFRASTRUCTURE SEC. OFFSHORE FUND Brookfield Investment Management Inc. 30 Apr 08 DUET GLOBAL FUND PLUS Jason McNab 31 Jul 10 EGERTON EUROPEAN DOLLAR CLASS -B1John C. Armitage 30 Nov 94 EXANE TEMPLIERS FUND Jean-Francois Roussel, Stéphane Arrouays, Henri-Daniel Samama, Exane Asset Management 28 Feb 06 FARRINGDON ALPHA ONE Bram Cornelisse, Andreas Tholstrup, Dennis van Wees 31 Dec 06 GLADE BROOK GLOBAL OFFSHORE FUND LTD CLASS-A- NRPaul Hudson 30 Sep 11 HORSEMAN GLOBAL FUND USD Russell Clark 31 Jan 01 KINSALE COMPASS FUND Peter A Kinney 31 Oct 11 LANSDOWNE DEVELOPED MARKET FUND, LTD (GBP) Alex Snow & S. Heinz 31 Jul 01 LAZARD GLOBAL HEXAGON FUND Jean-Daniel Malan 31 May 10 M. KINGDON OFFSHORE NV - A/1 Mark Kingdon 28 Feb 86 MARSHALL WACE - MW EUREKA A1 EUR Paul Marshall 07 Jan 98 MARSHALL WACE - MW GLOBAL OPPORTUNITIES A USD Fehim Sever 28 Feb 09 MAVERICK FUND, LTD - CLASS A/1 Lee Ainslie III 28 Feb 95 M Q M M M W M Q M M M M Q M M M $71M Jun 13 122.74 $58M Jul 13 123.28 $130M Feb 13 200.89 $570M Feb 13 130.59 $2'048M Sep 13 142.75 €277M Jun 13 17,414.01 $250M Sep 13 177.03 $303M Aug 13 1,198.57 $152M Sep 13 507.07 €125M Sep 13 132.29 $7'048M Sep 13 575.81 $110M Aug 13 125.62 $1'337M Oct 13 145.50 $3'876M Jul 13 374.25 $1'314 M Jul 13 217.74 $2'670M Mar 13 1,284.61 30 Sep 13 MTD YTD 2012 Ytd Avg. 2013 12.78% 1.20% 3.61% 12.62% 2011 5.19% 2010 - Ann. Return 7.73% Ann. Vol Max Drawdown1 7.46% (8.57%) Jul 11 - Sep 11 30 Sep 13 2.74% 31 Oct 13 2.63% 30 Sep 13 0.49% 31 Oct 13 1.71% 05 Nov 13 0.51% 31 Oct 13 0.82% 31 Oct 13 1.40% 06 Nov 13 0.56% 30 Sep 13 1.17% 31 Oct 13 4.66% 31 Oct 13 0.19% 01 Nov 13 0.20% 05 Nov 13 0.06% 05 Nov 13 0.18% 01 Nov 13 0.14% 11.94% 6.8% -5.78% 9.44% 5.74% 9.24% (15.02%) Mar 11 - Sep 11 9.20% 16.99% 5.17% 17.13% 13.50% 13.89% (22.19%) Apr 08 - Nov 08 2.54% 11.05% 8.05% 6.14% 8.78% 3.34% (0.87%) Jun 11 - Aug 11 20.97% 13.67% -4.92% 15.79% 15.36% 10.17% (29.28%) Oct 07 - Jan 09 0.54% 0.77% 0.49% 2.31% 5.42% 3.11% (2.89%) Apr 11 - May 12 9.59% 19.44% -12.63% 0.56% 8.71% 11.78% (16.50%) May 08 - Oct 08 13.66% 13.1% -6.77% 9.06% 7.12% (6.77%) Sep 11 - Dec 11 14.98% 16.28% -2.98% 5.44% 13.55% 16.17% (33.75%) Feb 09 - Jun 10 11.32% 16.75% 1.79% 15.71% 4.08% (2.10%) Apr 12 - May 12 26.85% 17.87% -20.07% 8.78% 15.35% 10.79% (20.07%) Dec 10 - Dec 11 8.68% 13.45% -2.08% 3.01% 6.58% 5.00% (7.43%) May 11 - Sep 11 18.18% 11.78% -18.03% 8.5% 15.05% 12.77% (30.15%) Sep 87 - Oct 87 15.96% 7.45% 9.74% 7.91% 13.39% 9.18% (23.24%) Oct 07 - Oct 08 10.54% 6.83% 27.16% 8.04% 18.06% 10.07% (4.94%) Nov 11 - Jan 12 11.37% 15.46% -14.85% 11.38% 12.15% 11.54% (30.04%) May 08 - Nov 08 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 23
  • 24. Inception Dates Liquidity Asset Size Last NAV or Index Date Equity-Diversified/Global MS ASCEND UCITS FUND CLASS I EUR Malcolm Fairbairn 30 Apr 11 NEVSKY FUND PLC (COMPOSITE) Martin Taylor and Nick Barnes 30 Sep 00 PASSPORT GLOBAL STRATEGY FUND John Burbank 31 Jul 00 PASSPORT LONG SHORT STRATEGY FUND John Burbank, Tim Garry 30 Jun 10 PLATINUM FUND LTD Kerr Neilson 31 May 94 SR GLOBAL FUND C - INTERNATIONAL (Real Perf) Hugh Sloane 31 Dec 93 STANDARD PACIFIC CAPITAL -BDoug Dillard and Raj Venkatesan 30 Sep 95 STK CAPITAL GLOBAL EQUITIES Daniel Grozdea 30 Nov 10 W M Q M M M Q M $126M Jul 13 1,007.75 $999M Apr 13 1,258.86 $1'300M Sep 13 950.73 $622M Sep 13 136.41 $524M Sep 13 87.24 $580M Sep 13 542.44 $391M Sep 13 488.00 $109M Oct 13 124.79 01 Nov 13 31 Dec 04 ALPHAGEN HOKUTO FUND LTD - CLASS A John Stewart & Robert Tull 31 Oct 00 ARCUS JAPAN FUND -JPYRobert Macrae 31 Mar 99 HENDERSON JAPAN ABS RETURN FD, LTD William Garnett and Jeremy Hall 30 Jun 00 MARATHON VERTEX JAPAN FD, LTD CLASS B William Arah 31 May 03 MARTIN CURRIE ARF - JAPAN FUND John-Paul Temperley 30 Jun 00 SR GLOBAL FUND H - JAPAN (Real Perf) Hugh Sloane, Alex Kydd 30 Sep 03 UMJ KOTOSHIRO FUND Masahiro Koshiba 31 Oct 08 M M D M Q M M M $95M Sep 13 183.76 $269M Sep 13 206.25 $41M Jun 13 38,902.00 $295M Aug 13 250.66 $451M Jul 13 2,359.46 $187M Oct 13 21.97 $110M Sep 13 161.97 $102M Oct 13 173.32 2012 2011 2010 Ann. Return -7.06% 0.31% Ann. Vol Max Drawdown1 4.06% (7.23%) May 11 - Dec 12 5.64% 31 Oct 13 (2.20%) 31 Oct 13 (0.10%) 31 Oct 13 2.64% 31 Oct 13 (1.40%) 31 Oct 13 2.56% 31 Oct 13 3.51% 30 Sep 13 YTD Ytd Avg. 2013 12.78% 0.16% 8.58% -0.14% 31 Oct 13 Equity-Diversified/Japan AKAMATSU FUND Philip Kay MTD 12.27% 14.61% 0.62% 10.27% 21.34% 14.24% (22.14%) Oct 07 - Feb 09 16.19% 11.08% -18.74% 18.26% 18.51% 26.81% (52.74%) Jun 08 - Dec 08 15.70% 12.13% -7.19% 13.28% 9.74% 8.71% (10.06%) Apr 11 - Dec 11 17.42% 17.44% -13.51% 5.19% 11.79% 12.32% (30.48%) Oct 07 - Feb 09 20.62% 1.03% -24.27% -11.82% 12.20% 21.19% (50.10%) Apr 08 - Aug 12 15.19% -4.66% -5.24% 8.56% 9.15% 8.15% (15.87%) Jul 11 - Nov 12 10.84% 9.35% -1.64% 4.67% 7.87% 7.78% (8.80%) Apr 11 - Sep 11 Ytd Avg. 2013 22.54% 2.59% 17.82% -3.45% -0.85% 2.88% 7.20% 7.25% (12.18%) Mar 12 - Oct 12 01 Nov (0.20%) 13 5.99% 06 Nov (0.05%) 13 22.40% 31 Oct 13 1.22% 17.54% 31 Oct 13 (1.02%) 31 Oct 13 0.16% 31 Oct 13 (2.10%) 30 Sep 13 2.35% -1.01% 0.13% 7.8% 5.72% 4.30% (4.80%) May 11 - Aug 12 19.15% -4.68% 14.32% 9.74% 15.47% (45.94%) Feb 07 - Feb 09 -0.58% -8.58% 9.24% 7.13% 10.03% (19.05%) Feb 11 - Aug 12 17.38% 4.89% 0.59% -0.21% 8.58% 8.43% (11.76%) Jun 09 - Oct 10 23.94% 4.23% -8.4% 6.63% 6.08% 8.27% (15.76%) Apr 10 - May 12 45.05% 31.05% -8.33% -4.22% 5.22% 20.84% (35.57%) Mar 08 - Jul 10 30.21% 17.83% 12.2% -2.75% 11.83% 8.35% (9.48%) Jul 09 - Sep 10 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 24
  • 25. Inception Dates Liquidity Asset Size Last NAV or Index Equity-Diversified/UK ALPHAGEN OCTANIS CLASS A Ben Wallace & Luke Newman 28 Feb 05 BLACKROCK UK EQUITY HEDGE FUND Nigel Ridge & Imran Sattar 30 Apr 05 PEGASUS UCITS FUND David Yarrow, Angus Donaldson 30 Sep 10 M M M $180M Sep 13 234.44 $399M Sep 13 190.24 $100M Apr 13 139.57 Equity-Diversified/USA AJR INTERNATIONAL (BVI), INC. - A/1 Alexander J. Roepers 31 Jan 93 ALLIANCE BERNSTEIN SELECT US EQUITY LONG SHORT Kurt Feuerman 30 Nov 99 ALYDAR FUND LTD John Murphy 28 Feb 03 ALYSHEBA FUND LIMITED John A. Murphy, Philip C. Furse 31 Mar 05 ASCEND PARTNERS FUND II LTD - A Malcolm Fairbairn 31 Jan 04 BAY RESOURCES PARTNERS OFFSHORE FUND Thomas Claugus 31 Jul 98 BCM WESTON LP Billings Capital Management LLC 31 Jan 08 CASTLEROCK FUND LTD Paul Tanico 31 Aug 96 COBALT OFFSHORE LTD Wayne Cooperman 31 Dec 96 ELM RIDGE CAPITAL PARTNERS L.P. Ronald Gutfleish 31 Dec 99 EMINENCE FUND LTD A INITIAL SERIES Ricky C. Sandler 31 Dec 98 GLENVIEW CAPITAL PARTNERS (CAYMAN), LTD. Lawrence M. Robbins 31 Dec 00 HIGHBRIDGE LONG/SHORT EQUITY FUND, LTD Alex McAree 30 Apr 04 INVICTA OFFSHORE FUND LTD James Alpha LLC 31 Dec 09 M Y/Q Q Q Q M M Q Q Q Q Q Q M $521M Dec 12 1,196.05 $117M Jun 13 4,324.19 $361M Dec 12 218.17 $410M May 13 2,791.45 $478M May 13 190.62 $2'579M Sep 13 9,313.82 $57M Sep 13 218.90 $108M Jan 13 695.75 $802M Sep 13 754.71 $638M Aug 13 530.76 $3'342M Aug 13 632.71 $3'228M Sep 13 609.91 $430M Oct 13 2,149.38 $76M Sep 13 167.30 Date MTD YTD 2012 Ytd Avg. 2013 19.26% 01 Nov (0.10%) 15.34% 3.87% 13 31 Oct 13 0.94% 31 Oct 13 3.67% 2.53% 4.27% 2011 -0.47% 2010 3.63% Ann. Return 10.31% Ann. Vol Max Drawdown1 6.27% (10.72%) May 07 - Mar 08 2.48% 6.49% 7.85% 5.88% (11.70%) Jun 08 - Oct 08 39.92% -0.65% -3.41% 3.95% 11.40% 11.62% (10.49%) Jun 11 - Sep 11 Ytd Avg. 2013 18.56% 01 Nov (0.00%) 19.23% 3.85% 13 05 Nov 13 0.35% 31 Oct 13 (1.00%) 31 Oct 13 (1.80%) 01 Nov 13 0.14% 30 Sep 13 3.50% 31 Oct 13 3.26% 31 Oct 13 2.82% 31 Oct 13 0.57% 31 Oct 13 3.30% 01 Nov 13 0.30% 31 Oct 13 3.41% 31 Oct 13 (0.41%) 30 Sep 13 7.20% 13.02% 6.17% -6% 23.19% 12.69% 19.24% (44.44%) May 08 - Dec 08 0.81% 8.13% 11.07% 7.20% (9.98%) May 08 - Feb 09 14.72% -1.07% -0.68% 3.16% 7.58% 4.67% (6.49%) Jun 11 - May 12 12.66% 2.83% 2.51% 5.24% 12.69% 12.87% (25.80%) May 08 - Nov 08 8.15% 3.48% -2.86% 2.94% 6.83% 4.37% (5.23%) Apr 11 - Dec 11 10.75% 9.24% -6.89% 17.35% 15.84% 16.33% (39.02%) May 08 - Feb 09 41.90% 15.2% -8.95% 20.64% 14.59% 10.45% (13.70%) Mar 11 - Sep 11 8.05% -3.82% -23.84% 11.81% 11.95% 16.96% (37.70%) May 01 - Feb 03 7.13% 4.49% -0.66% 5.96% 12.75% 8.17% (19.53%) Apr 98 - Sep 98 21.92% -14.08% 0.7% 1.76% 12.81% 13.17% (19.41%) Apr 10 - Nov 12 8.36% 23.83% 1.29% -1.83% 13.23% 9.63% (19.99%) Dec 07 - Dec 08 37.43% 24.24% -10.95% 14.22% 15.12% 16.52% (49.17%) May 07 - Dec 08 11.88% 11.02% -12.64% 5.34% 8.38% 10.11% (21.12%) Mar 11 - Sep 11 15.52% -3.28% 10.18% 35.9% 14.70% 10.19% (10.11%) Mar 12 - Apr 13 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 25
  • 26. Inception Dates Liquidity Asset Size Last NAV or Index Date Equity-Diversified/USA IVORY CAPITAL ENHANCED STRATEGY Curtis Macnguyen 30 Apr 05 IVORY CAPITAL FLAGSHIP STRATEGY Curtis Macnguyen 30 Nov 98 KINETICS FUND, INC - A/A Peter B. Doyle 31 Jan 01 MADISON STREET FUND L.P. Steven C. Owsley & Drew M. Hayworth 31 Jan 04 MARLIN FUND LP Michael Masters 30 Jun 95 OMEGA OVERSEAS PARTNERS, LTD CLASS A Leon Cooperman 31 Dec 91 RENAISSANCE INSTITUTIONAL EQUITIES LP (B) Renaissance Technologies LLC 31 Jul 05 RWC US ABSOLUTE ALPHA FUND - CLASS B Mike Corcell 30 Sep 09 SAB OVERSEAS FUND LTD Scott Bommer 31 Jul 00 SEMINOLE OFFSHORE FUND Michael G. Messner, Paul C. Shiverick 31 May 98 ZWEIG-DIMENNA INTL LIMITED - CLASS A Joseph DiMenna / Martin Zweig 31 May 87 Q Q M M M M M D 3Q / Q Q Q $864M Jul 13 225.43 $1'013M Aug 13 4,049.00 $136M Aug 13 3,334.08 $50M Oct 12 275.13 $405M Sep 13 9,151.08 $2'200M Oct 13 902.01 $1'746M Sep 13 188.70 $123M Jul 13 123.63 $320M Dec 12 442.15 $1'200M Oct 13 708.65 $1'295M Sep 13 96,952.79 31 Oct 13 MTD YTD 2012 Ytd Avg. 2013 18.56% 1.75% 22.43% 16.41% 2011 -4.37% 2010 4.65% Ann. Return 10.02% Ann. Vol Max Drawdown1 10.92% (24.93%) May 08 - Dec 08 31 Oct 13 1.02% 31 Oct 13 5.94% 31 Oct 13 2.55% 30 Sep 13 3.73% 31 Oct 13 2.43% 31 Oct 13 8.61% 06 Nov 13 0.20% 31 Oct 13 0.20% 31 Oct 13 2.60% 30 Sep 13 4.05% 13.48% 10.5% -3.54% 2.12% 9.82% 6.02% (12.61%) May 08 - Nov 08 34.61% 27.42% -14.83% 30.8% 9.90% 22.40% (76.20%) Oct 07 - Feb 09 19.18% 5.79% -3.04% 3.66% 10.93% 6.57% (9.59%) Apr 11 - Sep 11 47.77% 31.53% -17.77% 41.63% 28.05% 25.81% (60.15%) Oct 07 - Feb 09 22.25% 25.66% -2.97% 14.65% 10.59% 14.73% (42.55%) May 07 - Feb 09 15.80% 8.29% 34.12% 15.32% 7.99% 10.41% (35.73%) May 07 - Apr 09 11.69% 16.32% -2.25% -4.56% 5.31% 5.32% (9.19%) Apr 10 - Dec 11 12.20% 21.5% -0.71% 6.69% 11.86% 11.17% (17.57%) Mar 10 - Aug 10 19.47% 5.08% -0.7% 9.85% 13.53% 12.70% (15.62%) May 02 - Mar 03 14.36% -1.18% -2.37% 0.43% 14.78% 15.14% (50.23%) Feb 00 - Dec 02 Equity-Energy Ytd Avg. 2013 35.51% Equity-Energy/USA DORSET ENERGY FUND, LTD - CLASS A David M. Knott, Donald Textor 31 Oct 00 M $271M Sep 13 58.08 31 Oct 13 Ytd Avg. 2013 35.51% 4.30% 35.51% -6.43% -1.27% 16.12% 14.48% 21.25% (49.55%) Jun 08 - Dec 08 Equity-Financial Ytd Avg. 2013 12.79% Equity-Financial/Global LANSDOWNE GLOBAL FINANCIALS FUND LTD. -N-USD Williamde Winton 30 Jun 04 M $1'129M Sep 13 306.40 31 Oct 13 Ytd Avg. 2013 12.79% 3.47% 15.00% 17.78% -20.82% -1.55% 12.73% 13.54% (26.25%) Apr 10 - May 12 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 26
  • 27. Inception Dates Liquidity Asset Size Last NAV or Index Equity-Financial/Global MARSHALL WACE - MW GLOBAL FINANCIALS M/N A USD Amit Rajpal 31 Oct 08 TOSCA CLASS A - USD Johnny de la Hey 30 Sep 00 M M $388M Jan 13 124.78 $681M Sep 13 265.78 Date MTD YTD 2012 Ytd Avg. 2013 12.79% 05 Nov (0.03%) 1.94% -0.75% 13 31 Oct 13 4.12% 21.43% 24.94% 2011 3.21% 2010 7.64% Ann. Return 4.51% Ann. Vol 5.59% Max Drawdown1 (8.01%) Nov 11 - Aug 12 1.14% 10.31% 7.75% 17.49% (67.54%) Dec 07 - Nov 08 Equity-Healthcare Ytd Avg. 2013 20.24% Equity-Healthcare/Global CCI HEALTHCARE PARTNERS LTD Oliver Marti, CCI Healthcare Partners 31 Dec 00 JENOP GLOBAL HEALTHCARE FUND LTD SERIES A David Chan 31 Oct 12 M W MLIS - CCI HEALTHCARE LONG SHORT UCITS FUND - 31 Jan 10 B (acc) USD Oliver Marti, CCI Healthcare Partners W VISIUM INSTITUTIONAL PARTNERS FUND LTD Jacob Gottlieb, Visium Asset Management Q 31 May 10 $843M Aug 13 319.52 $155M Sep 13 11.95 $355M Sep 13 134.19 $109M Apr 13 123.70 31 Oct 13 Ytd Avg. 2013 20.24% 0.65% 21.44% 6.56% 3.99% 3.71% 9.47% 8.32% (17.89%) Oct 07 - Sep 08 31 Oct 13 (5.16%) 05 Nov 13 0.04% 31 Oct 13 2.16% 20.07% -0.45% 19.53% 10.19% (5.16%) Sep 13 - Oct 13 22.04% 5.51% 2.72% 1.46% 8.13% 8.48% (8.67%) Mar 10 - Aug 10 17.41% 5.73% 1.28% -1.61% 6.41% 6.03% (5.86%) Apr 11 - Sep 11 Equity-Mid-Small Cap Ytd Avg. 2013 13.08% Equity-Mid-Small Cap/Europe ENNISMORE EUROPEAN SMALLER COMPANIES Geoff Oldfield 30 Nov 99 POLAR CAPITAL EUROPEAN FORAGER FUND LTD AX Rob Gurner 31 Jul 03 M M €65M Sep 13 370.01 €408M Jun 13 299.28 31 Oct 13 31 Oct 13 Equity-Mid-Small Cap/Global RAB SPECIAL SITUATION FD LTD Philip Richards 31 Jul 03 Q $22M May 13 432.21 25 Oct 13 Equity-Mid-Small Cap/UK ALPHAGEN VOLANTIS FUND, LTD - A (USD) Rob Giles & Adam McConkey 30 Apr 02 M $547M Sep 13 482.95 01 Nov 13 Ytd Avg. 2013 12.94% 3.12% 17.57% 9.65% 11.36% 23.12% 12.56% 10.83% (34.24%) Jul 07 - Apr 09 2.80% 8.31% 11.93% 2.39% 10.46% 11.28% 7.44% (21.47%) Oct 07 - Feb 09 Ytd Avg. 2013 (27.76%) (0.58%) (27.76%) -27.94% -17.75% -7.59% 1.94% 35.21% (88.76%) Jul 07 - Oct 13 Ytd Avg. 2013 10.20% 0.14% 10.20% 12.7% 1.02% 12.33% 14.65% 8.46% (11.36%) Jun 08 - Dec 08 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 27
  • 28. Inception Dates Liquidity Asset Size Last NAV or Index Date Equity-Mid-Small Cap/USA GREENLIGHT CAPITAL OFFSHORE, LTD - A/1 David Einhorn 30 Sep 96 GRT TOPAZ OFFSHORE PARTNERS, LTD - A/1 Gregory B Fraser & Rudolph K Kluiber & Timothy A. Krochuk 31 Aug 01 HARBOUR HOLDINGS LTD Charles A. Paquelet 31 Dec 85 SENVEST PARTNERS, LTD - CLASS A Richard Mashaal 31 Mar 97 Q Q M Q $8'203M Jan 13 151,003.75 $29M Dec 12 2,401.05 $236M Aug 13 159.96 $299M Jul 13 2,047.65 31 Oct 13 MTD YTD 2012 Ytd Avg. 2013 24.08% 1.09% 12.81% 7.66% 2011 1.86% 2010 12.47% Ann. Return 17.21% Ann. Vol Max Drawdown1 10.87% (27.17%) May 08 - Oct 08 01 Nov (0.36%) 13 7.26% 30 Sep 13 3.90% 17.50% 31 Oct 13 1.50% 13.2% -1.64% 14.64% 7.46% 12.97% (47.07%) May 07 - Feb 09 14.64% -1.07% 20.45% 18.51% 23.38% (49.05%) May 07 - Feb 09 58.75% 34.81% -33.96% 39.59% 19.95% 38.09% (70.55%) Feb 00 - Sep 02 Equity-Pharma-Biotech Ytd Avg. 2013 27.48% Equity-Pharma-Biotech/USA PERCEPTIVE LIFE SCIENCES OFFSH FUND, LTD Joseph Edelman 31 Dec 99 TRAXIS SIVIK GLOBAL HEALTHCARE OFFSHORE A/01-01 Krishen Sud 30 Jun 01 VISIUM BALANCED OFFSHORE FUND CL 2 Jacob Gottlieb 31 Oct 05 M M Y/Q $954M Aug 13 2,211.00 $40M Oct 13 1,974.35 $2'594M Sep 13 238.65 31 Oct 13 Ytd Avg. 2013 27.48% (0.90%) 51.26% 28.09% 5.82% 16.94% 25.06% 26.00% (25.67%) Feb 00 - May 00 31 Oct 13 2.06% 31 Oct 13 0.62% 16.85% 13.88% -8.27% 2.58% 5.66% 11.27% (32.70%) Oct 07 - Feb 09 14.33% 10.31% 1.89% 24.51% 11.48% 8.78% (15.79%) Aug 08 - Dec 08 Equity-Real Estate Ytd Avg. 2013 13.73% Equity-Real Estate/Global BROOKFIELD GLOBAL REITS LONG SHORT STRATEGY Jason Baine and Bernhard Krieg 30 Nov 04 M $188M Mar 13 457.57 31 Oct 13 Ytd Avg. 2013 13.73% 0.80% 13.73% 40% -18.96% 30.83% 18.58% 27.72% (54.37%) May 07 - Feb 09 Equity-Technology Ytd Avg. 2013 3.78% Equity-Technology/Global EXANE ARCHIMEDES FUND CLASS A CAP Gilles Lenoir and César Zeitouni 30 Sep 06 W €329M Sep 13 15,730.93 05 Nov 13 Ytd Avg. 2013 3.90% 0.21% 3.90% -0.19% 3.99% 6.82% 6.59% 4.76% (5.10%) Nov 11 - May 12 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 28
  • 29. Inception Dates Liquidity Asset Size Last NAV or Index Date Equity-Technology/USA SELIGMAN TECH SPECTRUM FUND CLASS -A1-S/2-2002 J. & W. Seligman & Co. Incorporated 31 Dec 06 M $215M Apr 13 313.45 30 Sep 13 MTD YTD 2012 Ytd Avg. 2013 3.65% 1.30% 3.65% 0.65% 2011 -0.21% 2010 8.34% Ann. Return 6.87% Ann. Vol Max Drawdown1 12.25% (19.91%) May 08 - Nov 08 Equity-Utility Ytd Avg. 2013 2.42% Equity-Utility/Europe CYGNUS UTILITIES, INFRASTRUCTURE & RENEWABLES Cygnus Asset Management 30 Apr 06 M $270M Sep 13 1,783.61 Ytd Avg. 2013 2.42% 30 Sep (0.86%) 2.42% 10.88% 13 -2.7% -2.51% 8.11% 7.93% (10.69%) Nov 09 - Aug 11 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 29
  • 30. Inception Dates Liquidity Asset Size Last NAV or Index Date MTD YTD 2012 2011 2010 Ann. Return Ann. Vol Max Drawdown1 Equity-Diversified Ytd Avg. 2013 20.87% Equity-Diversified/USA MARCATO INTERNATIONAL LTD Richard McGuire, Marcato Capital Management LLC 30 Sep 10 Q $1'598M Aug 13 159.05 31 Oct 13 Ytd Avg. 2013 20.87% 0.90% 20.87% 28.67% -4.16% 6.71% 16.22% 12.32% (17.63%) Mar 11 - Sep 11 Multi-Strategy Ytd Avg. 2013 18.05% Multi-Strategy/Asia YORK ASIAN OPPORTUNITIES UNITS TRUST -AFeng Hsiung / Masahiko Yamaguchi 31 Mar 06 Q $280M Sep 13 1,311.65 31 Oct 13 Multi-Strategy/Emerging MONEDA ABSOLUTE RETURN LTD SUB CLASS 1/SIES1 Juan Luis Rivera 31 Jan 07 Q $108M Dec 12 1,269.91 31 Oct 13 Multi-Strategy/Europe MLIS - OZ EUROPE UCITS FUND CLASS B EUR David Windreich, Och-Ziff Capital Management Group 31 Mar 11 D $298M Sep 13 112.65 05 Nov 13 Multi-Strategy/Global AG SUPER FUND INTERNATIONAL, LTD Michael Gordon & Dave Kamin 30 Apr 93 DAVIDSON KEMPNER INTL, LTD - CLASS C Tranche 1 Thomas L. Kempner, Jr. 31 Oct 95 KG INVESTMENT FUND LLC KG Funds Management LLC 31 Dec 08 KL SPECIAL OPPORTUNITIES FUND CLASS A USD JAMIE SHERMAN 31 Jan 11 MLIS - YORK EVEN DRIVEN UCITS E CAP EUR York Ucits Holdings ,llc 31 Dec 10 OWL CREEK OVERSEAS FUND, LTD Jeffrey Altman 31 Jan 02 PAULSON ADVANTAGE LTD -AJohn Paulson 31 Mar 04 Y Q Q Q D Y Q $640M Sep 13 1,636.34 $7'159M Jul 13 460.51 $79M Jul 13 251.78 $90M Oct 13 128.23 €276M Sep 13 117.77 $1'967M Oct 13 4,665.99 $1'790M Feb 13 251.09 31 Oct 13 Ytd Avg. 2013 12.43% 1.14% 12.43% 10.8% -6.59% 13.47% 10.52% 14.52% (34.54%) Oct 07 - Dec 08 Ytd Avg. 2013 (1.74%) 0.60% (1.74%) 5.49% -16.4% 12.86% 3.60% 12.69% (29.89%) Jun 08 - Dec 08 Ytd Avg. 2013 11.53% 0.06% 11.53% 10.74% -8.79% 4.68% 6.60% (10.96%) Apr 11 - Nov 11 Ytd Avg. 2013 19.73% 1.55% 12.60% 13.67% -2.62% 13.42% 10.04% 5.47% (24.78%) Jun 07 - Dec 08 31 Oct 13 1.09% 31 Oct 13 2.86% 30 Sep 13 1.38% 05 Nov 13 0.08% 31 Oct 13 2.80% 31 Oct 13 2.19% 9.06% 8.13% 1.38% 10.02% 8.85% 3.77% (10.87%) Oct 07 - Nov 08 23.42% 21.93% 12.4% 16.46% 21.04% 14.97% (20.31%) Dec 08 - Feb 09 9.31% 11.96% 4.77% 9.77% 6.30% (8.20%) Mar 12 - Jun 12 16.34% 5.44% -5.32% - 5.39% 9.38% (15.14%) Apr 11 - Sep 11 37.64% 11.07% -15.44% 2.36% 14.00% 13.14% (20.92%) Mar 10 - Sep 11 14.10% -14.23% -35.96% 10.95% 10.07% 15.00% (47.71%) Feb 11 - Nov 12 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 30
  • 31. Inception Dates Liquidity Asset Size Last NAV or Index Date Multi-Strategy/Global PAULSON ADVANTAGE PLUS LTD John Paulson 31 Dec 04 PAULSON RECOVERY FUND LTD John Paulson 31 Oct 08 PERRY PARTNERS INTERNATIONAL INC CLASS -1 TN A Richard Perry 30 Sep 93 PERSHING SQUARE INTL.LTD William Ackman 31 Dec 04 REVELATION SPECIAL SITUATIONS FUND LTD Chris Kuchanny 28 Feb 05 SFP VALUE REALIZATION FUND Greg McEntyre 31 Oct 03 SOLUS SOLA LTD CL. I Chris Pucillo, Scott Martin, CJ Lanktree 31 Dec 01 SOMERSET SPECIAL OPPORTUNITIES FUND LP Robert Feingold 31 Jul 07 TRIAN PARTNERS LTD Nelson Peltz, Peter May & Ed Garden 31 Dec 05 TYRUS CAPITAL EVENT FUND LTD Tony Chedraoui 31 Oct 09 TYRUS CAPITAL OPPORTUNITIES FUND LTD Tony Chedraoui 31 Mar 11 YORK INVESTMENT LTD -CLASS A-U/1 James Dinan 28 Feb 94 Q Y Q / 2Y Y/Q M Q Q Q Q Q Q Q $2'624M Feb 13 263.04 $1'503M Feb 13 166.65 $5'971M Oct 13 981.93 $4'994 Oct 13 3,682.08 $134M Jun 13 1,953.68 $251M Aug 13 303.82 $938M Sep 13 1,070.29 $293M Sep 13 183.08 $1'692M Jun 13 188.87 $918M Sep 13 140.62 $595M Sep 13 114.70 $2'600M Jan 13 8,297.15 31 Oct 13 MTD YTD 2012 Ytd Avg. 2013 19.73% 3.03% 19.00% -21.5% 2011 -52.64% 2010 17.13% Ann. Return 11.56% Ann. Vol Max Drawdown1 22.88% (65.24%) Feb 11 - Feb 13 31 Oct 13 3.75% 01 Nov 13 0.16% 31 Oct 13 7.90% 31 Aug 13 1.01% 31 Oct 13 0.24% 31 Oct 13 3.08% 30 Sep 13 0.31% 31 Oct 13 3.80% 41.63% 5.25% -27.92% 23.78% 10.74% 20.11% (35.13%) Apr 11 - Sep 11 15.94% 15.61% -7.14% 15.12% 12.03% 7.23% (25.65%) Oct 07 - Nov 08 8.16% 12.39% -2.03% 21.68% 15.89% 14.14% (20.35%) Jan 08 - Feb 09 4.32% 2.38% -6.61% 11.95% 8.19% 5.84% (11.71%) May 11 - Apr 12 56.48% 44.54% 7.42% 18.93% 11.74% 19.68% (55.47%) Jan 06 - Oct 10 25.80% 9.11% -1.73% 24.19% 22.16% 14.56% (21.93%) Feb 08 - Apr 09 8.84% 11.33% -1.25% 18.7% 10.29% 11.35% (25.61%) Aug 08 - Mar 09 35.05% 0.9% 3.98% 17.92% 8.45% 13.66% (30.56%) May 07 - Feb 09 01 Nov (0.25%) 13 13.13% 01 Nov (0.18%) 13 11.76% 31 Oct 13 12.22% 2.85% 6.77% -0.22% 11% 8.88% 6.28% (7.95%) Feb 11 - Sep 11 7.59% -4.6% 5.43% 6.11% (6.43%) Mar 11 - Sep 11 13.73% -7.34% 7.39% 11.35% 8.91% (29.86%) Oct 07 - Feb 09 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 31
  • 32. Inception Dates Liquidity Asset Size Last NAV or Index Date MTD YTD 2012 2011 2010 Ann. Return Ann. Vol Max Drawdown1 Fixed Income Ytd Avg. 2013 3.47% Fixed Income/Global BLACKROCK FIXED INCOME GLOBAL ALPHA FUND Tim Webb 30 Sep 06 BLACKROCK OBSIDIAN FUND Stuart Spodek 30 Jun 96 M M CAPULA GLOBAL RELATIVE VALUE FUND LTD CLASS 30 Sep 05 -AYan Huo, Masao Asai Q EMF FIXED INCOME FUND, LTD Eric M. Flanagan/David C. Gottlieb 31 Oct 01 M III FUND LTD Cliff G Viner 30 Jun 93 III RELATIVE VALUE CREDIT STRATEGIES FUND LTD Garth Friesen 31 Oct 05 KAMUNTING STREET OFFSHORE FUND LTD Allan Teh 30 Apr 04 KLS DIVERSIFIED FUND LTD Jeff Kronthal ; Harry Lengsfield ; John Steinhardt 31 Jul 08 LONDON DIVERSIFIED FUND, LTD - D Robert Standing 31 May 95 MKP PARTNERS OFFSHORE LTD Richard Lightburn & Patrick McMahon 29 Feb 96 PELAGUS CAPITAL FUND Bruno Usai 31 Dec 07 PIMCO ABSOLUTE RETURN STRATEGY IV OFFSHORE FUND II , CL. A/1 William H. Gross, Qi Wang 31 Mar 02 PINE RIVER LIQUID MORTGAGE FUND LTD Jiayi Chen, Steve Kuhn 31 Aug 10 PROLOGUE FEEDER FUND, LTD. CLASS A David Lofthouse, Graham Walsh 31 Jan 06 M M Q Q Q Q M Q M Q $5'125M Sep 13 202.26 $1'040M Sep 13 6,326.30 $5'451M Oct 13 221.85 $252M Jul 13 37,430.10 $105M Oct 13 3,850.15 $125M Oct 13 1,769.31 $779M Sep 13 239.53 $1'175M Sep 13 154.24 $123M Aug 13 4,581.07 $102M Sep 13 376.43 $726M Sep 13 207.44 $3'177M Sep 13 2,311.26 $795M Oct 13 149.70 $2'248M Oct 13 1,923.25 Ytd Avg. 2013 3.47% 04 Nov (0.02%) 4.03% 14.73% 13 25 Oct 13 0.75% 31 Oct 13 0.19% 31 Oct 13 (1.90%) 31 Oct 13 0.56% 31 Oct 13 1.32% 25 Oct 13 1.10% 31 Oct 13 1.38% 6.06% 34.27% 19.93% 11.13% 10.43% 5.48% (10.54%) Jun 08 - Dec 08 -13.5% 28.71% 11.23% 9.36% (20.93%) Jan 08 - Feb 09 7.03% 0.43% 6.21% 9.57% 10.35% 4.81% (7.41%) Feb 08 - Mar 08 (2.95%) -1.12% 5.89% 8.71% 11.62% 14.65% (22.46%) Feb 08 - Mar 08 11.68% 11.83% 9.03% 18.53% 6.85% 11.19% (54.77%) Jan 08 - Nov 08 7.81% 10.22% 10.36% 16.34% 7.39% 8.42% (31.27%) Nov 07 - Dec 08 6.12% 17.5% -6.2% 24.02% 9.64% 12.81% (38.39%) Oct 07 - Nov 08 1.75% 7.35% 4.85% 11.64% 8.60% 3.38% (4.10%) Apr 13 - Jul 13 01 Nov (0.19%) 13 31 Oct 13 0.15% 31 Oct 13 0.43% 30 Sep 13 0.25% 31 Oct 13 0.69% 31 Oct 13 (0.02%) (0.04%) 4.86% 3.75% 7.55% 8.61% 6.64% (28.95%) Jan 08 - Dec 08 0.34% 7.73% 10.97% 11.38% 7.78% 10.21% (41.67%) May 98 - Oct 98 4.96% 4.47% 2.27% 12.17% 13.31% 5.81% (4.14%) Apr 11 - Aug 11 (0.69%) 12.01% 1.82% 11.39% 7.55% 8.76% (25.88%) May 08 - Nov 08 0.20% 28.86% 7.19% 8.17% 13.57% 7.04% (4.70%) Feb 13 - Jun 13 2.24% 6.02% 8.37% 6.65% 8.80% 3.61% (2.01%) May 13 - Oct 13 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 32
  • 33. Inception Dates Liquidity Asset Size Last NAV or Index Date MTD YTD 2012 2011 2010 Ann. Return Ann. Vol Max Drawdown1 Arbitrage Ytd Avg. 2013 3.52% Arbitrage/Global HSBC MAA FUND USD HSBC Alternative Investments Limited 15 Jun 95 Q/M $96M Aug 13 207.71 18 Oct 13 Ytd Avg. 2013 3.52% 0.43% 3.52% 4.21% -3.61% 2.91% 4.06% 4.77% (25.30%) Jul 07 - Dec 08 Event Driven Ytd Avg. 2013 7.03% Event Driven/Global GEMS PROGR. FUND SICAV RECOVERY PORTFOLIO REGULAR USD David Goldfarb, Miguel Abadi, Cedric Carrol 31 Dec 01 HSBC CREDIT MARKET OPPORTUNITIES FUND USD CLASS COMPOSITE Hsbc Management (Guernsey) Ltd 31 May 09 HSBC SPECIAL OPPORTUNITIES FUND LTD HSBC Alternative Investments Limited 28 Feb 07 Q Q Q $266M Oct 12 2,351.01 $60M Aug 13 113.71 $79M Aug 13 123.84 31 Oct 13 Ytd Avg. 2013 7.03% 1.09% 5.76% 5.91% -12.46% 6.14% 7.49% 6.75% (23.23%) Jun 08 - Dec 08 18 Oct 13 0.45% 18 Oct 13 0.86% 6.03% 8.74% -7.47% 17.52% 5.37% 6.36% (9.16%) Feb 11 - Dec 11 9.30% 20.63% -3.5% 0.85% 3.27% 10.30% (35.45%) Jun 08 - Mar 09 Long/Short Ytd Avg. 2013 7.09% Long/Short/Asia HSBC ASIAN ADVANTEDGE FUND HSBC Alternative Investments Limited 30 Jun 02 M $31M Aug 13 181.18 18 Oct 13 Ytd Avg. 2013 7.09% 1.30% 7.09% 2.01% -11.59% 2.66% 5.40% 8.09% (24.73%) Dec 07 - Nov 08 Macro Ytd Avg. 2013 6.79% Macro/Global MASTERS FUND LTD MAGNOLIA SERIES Sean M. Doyle 31 Dec 96 Q $262M Sep 13 4,956.19 31 Oct 13 Ytd Avg. 2013 6.79% (0.31%) 6.79% 1.49% -0.36% 7.1% 9.97% 8.70% (9.96%) Jul 98 - Oct 98 Multi-Strategy Ytd Avg. 2013 5.65% 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 33
  • 34. Inception Dates Liquidity Asset Size Last NAV or Index Date Multi-Strategy/Global DIAMOND CAPITAL MANAGEMENT Elchanan Jaglom, Daniel Jaglom 31 Oct 02 GAM DIVERSITY I INC - US$ CLASS David Smith 31 Dec 89 GAM DIVERSITY II INC - US$ CLASS David Smith 31 Jul 98 GAM TRADING II USD David Smith, Arvin Soh 30 Apr 97 HSBC GH FUND USD HSBC Alternative Investments Limited 31 May 96 HSBC HEDGE INVESTMENTS FUND HSBC Alternative Investments Limited 28 Feb 02 HSBC LEVERAGED GH FUND HSBC Republic Investment Limited 30 Nov 04 Q M M M M Q M HSBC NEXT GENERATION FUND NNI MANDATE Share 30 Sep 11 Class HSBC Management (Guernsey) Ltd M HSBC UCITS ADVANTEDGE FUND -USD CLASS Hsbc Alternative Inv. Ltd W 31 Oct 09 $197M Mar 13 171.58 $516M Oct 13 734.85 $84M Oct 13 223.78 $1'984M Oct 13 319.48 $1'561M Aug 13 309.09 $4M Jul 13 161.74 $1'561M Aug 13 141.02 $47M Aug 13 107.11 €81M Sep 13 97.79 30 Sep 13 MTD YTD 2012 Ytd Avg. 2013 5.65% 0.90% 6.05% 2.61% 2011 -1.97% 2010 4.05% Ann. Return 5.07% Ann. Vol 4.35% Max Drawdown1 (14.18%) Jun 08 - Dec 08 31 Oct 13 0.35% 31 Oct 13 2.91% 31 Oct 13 (0.81%) 18 Oct 13 0.95% 18 Oct 13 0.90% 18 Oct 13 1.79% 18 Oct 13 1.75% 30 Oct 13 1.39% 7.51% 6.67% -3.44% -2.55% 8.72% 7.96% (19.64%) Jan 94 - Jan 95 7.39% 6.54% -3.66% -3.4% 5.42% 7.35% (18.79%) Oct 07 - Dec 11 (3.23%) 2.83% -4.11% 5.97% 7.29% 5.83% (7.34%) Apr 13 - Oct 13 5.91% 5.4% -3.37% 4.68% 6.70% 6.38% (18.30%) Jun 08 - Dec 08 5.74% 5.97% -2.72% 5.33% 4.22% 4.93% (17.63%) Jun 08 - Dec 08 10.17% 8.72% -8.76% 7.18% 3.94% 11.78% (37.09%) Jun 08 - Dec 08 6.68% 1.98% -1.55% 3.40% 4.36% (4.45%) Feb 12 - Sep 12 4.66% 1.38% -7.51% -0.37% (0.54%) 3.64% (8.81%) Apr 10 - Dec 11 Trading Ytd Avg. 2013 (9.78%) Trading/Global HSBC TRADING ADVANTEDGE FUND HSBC Alternative Investments Limited 31 Oct 05 M $164M Sep 13 128.19 18 Oct 13 Ytd Avg. 2013 (9.78%) 2.05% (9.78%) -5.39% -1.62% 8.82% 3.17% 9.95% (20.93%) Apr 11 - Sep 13 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 34
  • 35. Inception Dates Liquidity Asset Size Last NAV or Index Date MTD YTD 2012 2011 2010 Ann. Return Ann. Vol Max Drawdown1 Equity-Diversified Ytd Avg. 2013 6.55% Equity-Diversified/Emerging MONEDA CHILE FUND LTD Pablo Echeverría 31 Aug 95 RUSSIAN PROSPERITY FUND - A Alexander Branis 31 Aug 96 M W $81M Jun 13 58.32 $1'620M Oct 13 239.52 30 Sep 13 24 Oct 13 Equity-Diversified/Global PASSPORT SPECIAL OPPORTUNITIES FUND LTD CLASS AA John Burbank 30 Apr 08 H-Y $384M Sep 13 174.56 31 Oct 13 Ytd Avg. 2013 (6.16%) 7.19% (16.49%) 16.95% -23.66% 66.01% 10.32% 21.59% (51.15%) Oct 07 - Oct 08 5.21% 4.16% 20.19% -18.03% 47.56% 20.55% 44.90% (90.26%) Jul 97 - Jan 99 Ytd Avg. 2013 31.98% (1.50%) 31.98% -5.67% -19.91% 72.77% 10.64% 27.97% (43.24%) Jun 08 - Nov 08 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 35
  • 36. Inception Dates Liquidity Asset Size Last NAV or Index Date MTD YTD 2012 2011 2010 Ann. Return Ann. Vol Max Drawdown1 Commodity Ytd Avg. 2013 5.30% Commodity/Global ANDURAND COMMODITIES FUND Pierre Andurand 31 Jan 13 ARMAJARO COMMODITIES FUND CLASS -AJohn Tilney 31 Mar 04 BREVAN HOWARD COMMODITIES STRATEGIES FUND L.P. Stephane Nicolas 28 Feb 10 DB PLATINUM V HERMES A.R. COMMODITY FUND Colin O'Shea 28 Feb 10 KROM RIVER COMMODITY FUND Christopher Brodie 30 Jun 06 MERCHANT COMMODITY FUND (THE) - COMPOSITE Michael Coleman and Doug King 31 May 04 M M M D M M $315M Oct 13 1,070.68 $979M Aug 13 236.33 $880M Sep 13 103.76 $345M Oct 12 107.34 $300M Sep 13 161.00 $151M Aug 13 338.04 Ytd Avg. 2013 5.30% 30 Sep (2.81%) 34.70% 13 31 Oct 13 0.10% 31 Oct 13 (1.82%) 2.98% 56.72% 18.29% (5.04%) Jul 13 - Sep 13 1.65% -7.11% 7.35% 9.38% 11.26% (15.56%) Feb 08 - Dec 08 (3.27%) 5.8% -2.65% 7.83% 1.97% 8.81% (8.62%) Aug 11 - Dec 11 05 Nov (0.27%) 13 (6.95%) 01 Nov 13 0.17% (5.40%) 31 Oct 13 (4.60%) -0.65% 9.69% 5.86% 1.94% 6.13% (13.09%) Mar 12 - Aug 13 -4.92% -3.89% 13.23% 6.70% 9.40% (17.81%) Apr 11 - Oct 13 9.71% -7.6% -30.07% 27.4% 13.80% 20.92% (36.93%) Dec 10 - Oct 11 Commodity-Systematic Ytd Avg. 2013 (10.15%) Commodity-Systematic/Global ARMAJARO STS COMMODITIES FUND CLASS -ZWill Griffin 31 Dec 09 M $38M Jul 13 74.00 31 Oct 13 Ytd Avg. 2013 (10.15%) (0.40%) (10.15%) -18.15% -15.89% 19.64% (7.55%) 23.65% (48.58%) Apr 11 - Oct 13 Currency Ytd Avg. 2013 (3.07%) Currency/Asia DYMON ASIA MACRO FUND (SERIES A) Danny Yong 31 Jul 08 THE CAMBRIDGE STRATEGY - ASIAN MARKETS CURRENCY ALPHA Alexandra Edstein 31 Jan 06 M M $2'631M Sep 13 155.48 $122M Sep 13 161.79 31 Oct 13 31 Oct 13 Currency/Global BREVAN HOWARD INVESTMENT FUND II MACRO FX FUND - CLASS A USD Brevan Howard Asset Management LLP 30 Sep 09 W $281M Aug 13 97.03 31 Oct 13 Ytd Avg. 2013 3.59% (0.61%) 5.04% 0.96% 20.11% 15.23% 8.76% 11.38% (13.69%) Jul 08 - Sep 08 2.90% 2.14% 0.86% 6.36% 4.49% 6.40% 8.20% (7.06%) May 13 - Sep 13 Ytd Avg. 2013 (7.51%) (0.42%) (6.36%) -2.32% 5.15% 0.6% (0.73%) 4.19% (10.99%) Jul 12 - Oct 13 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 36
  • 37. Inception Dates Liquidity Asset Size Last NAV or Index Date Currency/Global THE CAMBRIDGE STRATEGY - EMERGING MARKETS CURRENCY ALPHA Jesse Marre, Andrew Bresler 31 Jan 08 THE CAMBRIDGE STRATEGY - EXTENDED MARKETS CURRENCY ALPHA Robert Colehan 31 Mar 04 M M $57M Sep 13 144.21 $324M Sep 13 118.45 31 Oct 13 31 Oct 13 MTD YTD 2012 Ytd Avg. 2013 (7.51%) 2.24% (5.75%) 7.42% 2011 10.46% 2010 Ann. Return 3.24% 6.57% Ann. Vol Max Drawdown1 8.07% (10.70%) May 13 - Sep 13 0.02% (10.42%) -1.47% -0.92% -11.17% 1.78% 7.00% (28.80%) Feb 09 - Sep 13 Diversified Ytd Avg. 2013 5.52% Diversified/Asia ALPHADYNE INVESTMENT STRATEGIES FUND LTD Bart Broadman, Philippe Khuong-Huu 31 Jan 07 BREVAN HOWARD ASIA FUND LIMITED Kaspar Ernst 30 Sep 04 FORTRESS ASIA MACRO FUND Adam Levinson 28 Feb 11 SINFONIETTA FUND Symphony Financial Partners 31 May 08 M M Q M $307M May 13 1,785.01 $2'284M Sep 13 225.41 $1'357M Sep 13 140.45 $85M Oct 13 174.98 Ytd Avg. 2013 13.46% 01 Nov (0.11%) 8.08% 7.06% 13 31 Oct 13 (1.26%) 31 Oct 13 0.47% 31 Oct 13 (3.48%) Diversified/Emerging ALPHA4X CAPITAL GROWTH FUND Manuel E. Mejía-Aoun, Urvish Bidkar, Fabio Izzo 30 Apr 06 BLUECREST EMERGING MARKETS FUNDS Bluecrest Capital Management LLP 31 Aug 05 BREVAN HOWARD EM. MKT STRATEGIES FUND LTD Geraldine Sundstrom 31 Dec 07 GAVEA FUND LTD . CLASS A S/1 Fraga Arminio 31 Jul 03 GREEN FUND LLC GREEN CLASS Luis Stuhlberger 31 Jan 01 PHARO TRADING FUND Guillaume Fonkenell 30 Nov 00 SPINNAKER GLOB OPP FUND, LTD COMPOSITE Jorge Rosas 31 Jan 01 M Q M Q M M Q $118M Oct 13 161.08 $1'790M Sep 13 195.45 $2'579M Sep 13 128.58 $1'082M Sep 13 231.20 $639M May 13 702.81 $219M Sep 13 4,563.03 $912M Sep 13 490.62 31 Oct 13 8.10% 4.41% 3.11% 7.58% 8.95% 4.86% (3.63%) May 09 - Jun 09 8.86% 1.83% 9.35% 3.84% (1.94%) Jan 10 - Mar 10 12.16% 21.23% 3.3% 13.55% 6.25% (4.91%) Mar 11 - Oct 11 25.49% 7.07% 22.92% -0.27% 10.87% 15.45% (14.44%) Jun 08 - Mar 09 Ytd Avg. 2013 0.41% (0.96%) (3.15%) 2.54% 11.5% -5.19% 6.55% 6.72% (8.12%) Nov 09 - May 10 31 Oct 13 0.24% 31 Oct 13 1.36% 01 Nov 13 0.03% 31 Oct 13 0.58% 25 Oct 13 4.48% 15 Oct 13 1.14% 3.49% 10.9% -0.43% 7.82% 8.56% 10.91% (22.89%) Oct 07 - Oct 08 (11.72%) 14.12% -6.28% 2.01% 4.40% 10.17% (16.66%) Jan 13 - Aug 13 1.01% 8.19% -0.35% 6.48% 8.51% 6.68% (12.50%) Jul 08 - Oct 08 6.28% 13.55% -5.7% 7.84% 15.46% 14.25% (33.00%) Jun 08 - Nov 08 15.08% 0.69% -2.68% 10.52% 12.48% 10.51% (13.16%) Feb 08 - Oct 08 (0.19%) 14.12% -11.82% 15.03% 13.33% 9.30% (31.74%) May 08 - Feb 09 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 37
  • 38. Inception Dates Liquidity Asset Size Last NAV or Index Date Diversified/Emerging THE CAMBRIDGE STRATEGY - APOLLO (EM MACRO) ABSOLUTE RETURN Russell Thompson, Walid Khalfallah, Ali Bora Yigitbasioglu 30 Apr 09 M $274M Sep 13 134.49 31 Oct 13 Diversified/Global BREVAN HOWARD FUND, LTD - USD CLASS A Alan Howard 31 Mar 03 BTG PACTUAL GLOBAL EM. MKTS AND MACRO FD BTG Pactual Global Asset Management 31 Jan 09 CAPITAL FUND, LTD (THE) Kenneth Windheim 31 Dec 99 CAXTON GLOBAL INVESTMENT LTD Andrew E. Law 31 Jan 97 COMAC GLOBAL MACRO FUND Colm O’Shea 31 May 06 COMMONWEALTH OPPORTUNITY CAYMAN FUND LTD Adam Fisher 30 Nov 08 DISCOVERY GLOBAL MACRO FUND LTD CLASS -ASERIES 1 Robert K Citrone 31 Aug 11 DISCOVERY GLOBAL OPPORTUNITY FUND, LTD Robert K Citrone 31 Jul 99 ECLECTICA FUND (THE) CLASS A EURO Hugh Hendry 30 Sep 02 ELEMENT CAPITAL FUND Jeffrey Talpins 31 Mar 05 EPISODE INC. CLASS A David Fishwick / Tony Finding 31 Jul 05 FORTRESS MACRO FUND LTD. CLASS A Michael E. Novogratz & Adam Levinson 31 Dec 08 GAM GLOBAL RATES HEDGE FUND Adrian Owens 31 Jan 04 GAMUT INVESTMENTS Adrian Owens 30 Jun 86 GRAHAM ABSOLUTE RETURN TRADING LTD Graham Capital Management, L.P. 31 Dec 04 M Q M Q M M Q HY M M Q M M M Q $27'647M Sep 13 305.72 $5'370M Sep 13 2,711.92 $63M Jul 13 366.64 $4'570M Aug 13 876.25 $1'433M Oct 13 149.89 $566M Sep 13 199.17 $1'803M Aug 13 1,380.24 $5'258M Sep 13 872.84 €452M Sep 13 228.74 $4'440M Sep 13 61,725.68 $1'311M Aug 13 137.25 $1'590M Aug 13 1,259.88 $331M Sep 13 224.38 $86M Jun 13 8,153.44 $563M Oct 13 384.60 31 Oct 13 30 Sep 13 MTD YTD 2012 Ytd Avg. 2013 0.41% (1.65%) (7.51%) 12.92% 2011 14.14% 2010 8.52% Ann. Return 6.80% Ann. Vol Max Drawdown1 5.89% (10.90%) Mar 13 - Oct 13 Ytd Avg. 2013 5.79% (0.59%) 0.84% 3.93% 12.15% 1.01% 11.12% 6.88% (5.97%) Apr 13 - Oct 13 1.27% 5.99% 28.12% 3.44% 22.38% 23.84% 7.58% (3.57%) May 11 - Dec 11 01 Nov (0.06%) 13 (3.90%) 05 Nov (0.48%) 13 14.73% 31 Oct 13 1.67% (1.30%) 25 Oct 13 1.09% 0.21% 4.65% 0.34% 9.84% 10.47% (17.38%) Jan 09 - Mar 10 1.96% 0.7% 9.29% 13.82% 7.43% (7.37%) Jun 07 - Aug 07 -8.95% 5% 1.14% 5.60% 8.23% (14.56%) Apr 10 - Aug 13 2.04% 15.64% 10.75% 7.01% 15.08% 10.49% (10.38%) Jan 09 - Feb 09 01 Nov (0.10%) 13 17.30% 01 Nov 13 0.01% 16.84% 01 Nov 13 0.10% 30 Sep 13 1.14% 25 Oct 13 2.53% 31 Oct 13 0.04% 31 Oct 13 1.31% 31 Oct 13 1.46% 05 Nov 13 0.24% 18.87% -1.02% 15.99% 8.21% (3.83%) May 12 - Jun 12 15.06% 3.58% 16.92% 16.40% 14.50% (33.03%) Dec 07 - Dec 08 (3.36%) -1.72% 12.11% 2.65% 7.74% 21.48% (31.94%) Feb 08 - Sep 08 12.59% 2.73% 5.54% 27.6% 23.86% 10.13% (7.83%) Oct 07 - Apr 08 6.04% -4.69% 0.98% 4.83% 3.92% 11.77% (32.77%) Oct 07 - Feb 09 9.82% 17.82% -9.33% 10.7% 8.61% 6.82% (11.34%) Mar 11 - Nov 11 3.05% 14.71% -6.73% 9.47% 8.64% 7.35% (12.25%) Mar 11 - Sep 11 0.98% 0.29% -0.95% 7.22% 17.45% 13.24% (13.45%) Dec 87 - Apr 88 5.35% 9.22% 4.5% 24.53% 13.25% 9.92% (13.31%) May 07 - May 08 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 38
  • 39. Inception Dates Liquidity Asset Size Last NAV or Index Date Diversified/Global GRAHAM GLOBAL INVESTMENT FUND II DISCRETIONARY ENHANCED VOL Kenneth G. Tropin 31 May 04 GRAHAM GLOBAL INVESTMENT FUNDDISCRETIONARY Kenneth G. Tropin 31 May 04 HARMONIC ALPHA PLUS MACRO FUND - USD CLASS Richard Conyers 30 Apr 03 MELLON OFF GLOB OPP FUND LTD MULTICURRENCY - A1 Alexander Huberts & Jeff Zhang 30 Nov 05 MELLON OFF. ALPHAACCESS FUND LTD - MCY A/1 Alexander Huberts & Jeff Zhang 31 Jul 05 MKP OPPORTUNITY OFFSHORE, LTD Patrick McMahon 31 Jul 01 MLM MACRO PEAK PARTNERS OFFSH FD, LTD - B Timothy Rudderow 31 Mar 02 MOORE GLOBAL INV FD, LTD - A $ Louis Bacon 31 Dec 89 MOORE MACRO MANAGERS FUND, LTD CLASS -ALouis Bacon 31 Jul 93 OMNI MACRO FUND I LIMITED Stephen Rosen, Nick Munns 30 Apr 07 ONSLOW MACRO FUND CLASS A Nicolas Galperin, Esteban Klein 31 Dec 07 PHARO MACRO FUND LTD Guillaume Fonkenell 30 Apr 05 PINPOINT MULTI-STRATEGY FUND Qiang Wang 29 Feb 08 RUBICON GLOBAL FUND, LTD Paul Brewer 31 Oct 99 TREND MACRO OFFSHORE LTD Ashwin Vasan 31 Jul 11 TT INTERNATIONAL FUND Tacchi Tim 31 Aug 89 TUDOR B.V.I GLOBAL FUND LTD -APaul Tudor Jones 31 Oct 86 Q Q M M M M M Q Q M M Q M M M M Q $3'511M Oct 13 214.09 $3'511M Oct 13 259.23 $66M Aug 13 133.05 $198M May 13 1,145.09 $103M May 13 1,073.19 $3'620M Sep 13 301.60 $573M Sep 13 2,252.94 $3'246 M Sep 13 54,478.30 $3'139M May 13 13,254.53 $360M Sep 13 246.75 $117M Sep 13 148.48 $2'355M Sep 13 2,727.10 $134M Sep 13 154.59 $899M Sep 13 476.40 $131M Sep 13 124.09 $404M Sep 13 7,320.37 $6'881 M Sep 13 119,068.99 05 Nov 13 05 Nov 13 MTD YTD 2012 Ytd Avg. 2013 5.79% 0.25% 2.49% 7.35% 2011 6.82% 2010 14.26% Ann. Return 11.57% Ann. Vol Max Drawdown1 10.46% (30.81%) May 07 - Jun 08 0.12% 1.28% 3.83% 3.56% 7.12% 6.57% 5.17% (14.81%) May 07 - Jun 08 01 Nov (0.13%) 13 (4.33%) 30 Sep (0.06%) 13 0.40% 31 Oct 13 (0.76%) 0.81% 31 Oct 13 1.65% 01 Nov 13 0.62% 24 Oct 13 1.11% 24 Oct 13 (0.73%) 01 Nov 13 0.78% 30 Sep 13 0.64% 25 Oct 13 2.36% 31 Oct 13 1.83% 01 Nov 13 0.22% 30 Sep 13 1.16% 31 Oct 13 0.54% 22.95% -8.95% 20.32% 6.25% 11.85% (16.76%) Apr 11 - Dec 11 -2.53% 4.79% 17.48% 1.74% 8.89% (31.90%) Jan 07 - Oct 08 -4.79% 4.46% 23.11% 0.86% 17.49% (59.00%) Jan 07 - Oct 08 4.47% 6.9% 11.42% -0.35% 9.42% 5.34% (3.70%) Dec 09 - Feb 10 17.23% -0.76% -35.04% 7.83% 7.25% 18.12% (36.99%) Dec 10 - May 12 13.95% 8.82% -2.21% 4.74% 18.27% 11.77% (18.45%) Jan 94 - Feb 95 9.52% 9.01% -2.57% 11.56% 13.61% 8.42% (14.47%) Jan 94 - Feb 94 (4.38%) 0.74% 10.45% 12.03% 14.88% 13.20% (14.14%) Aug 10 - Apr 11 6.81% -6.72% 3.17% 13.3% 7.06% 15.48% (25.48%) Sep 08 - Oct 08 13.38% 12.53% -7.82% 7.3% 12.54% 8.92% (9.64%) Jun 08 - Nov 08 3.72% 6.19% -10.43% 23.74% 7.98% 11.00% (17.36%) Jun 08 - Nov 08 8.05% -3.89% 5.34% 14.97% 11.78% 14.57% (36.03%) Dec 04 - May 07 10.95% 16.56% -4.04% 10.46% 6.61% (6.45%) Aug 11 - Jun 12 01 Nov (0.15%) 13 2.93% 4.27% -14.09% 13.52% 8.51% 14.38% (27.05%) Jan 94 - Jan 95 7.28% 5.41% 2.17% 7.41% 19.35% 18.80% (17.07%) Apr 92 - Jul 92 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 39
  • 40. Inception Dates Liquidity Asset Size Last NAV or Index Diversified/Global TUDOR B.V.I GLOBAL FUND LTD -A- ALT SERIES 01 Paul Tudor Jones 31 Dec 11 TUDOR DISCRETIONARY MACRO FUND CLASS I Series 01 Multi-PM Platform 30 Jun 12 Q Q $5'620M May 13 120,399.41 $1'353M Sep 13 1,105.72 Date MTD YTD 2012 Ytd Avg. 2013 5.79% 01 Nov (0.15%) 7.61% 6.27% 13 01 Nov 13 0.05% 7.54% 2011 2010 - Ann. Return 7.57% Ann. Vol Max Drawdown1 7.26% (4.37%) May 12 - Jun 12 2.82% 7.79% 7.50% (7.33%) Jun 13 - Oct 13 Fixed Income Ytd Avg. 2013 (3.20%) Fixed Income/Global AVIVA INVESTOR FIXED INCOME MACRO (Tranche 2) Shahid Ikram 30 Jun 09 BREVAN HOWARD INVEST. FUND - EMERGING MARKETS LOCAL FIXED INCOME FUND Filippo Cipriani, Brevan Howard Asset Management 31 May 10 M W $274M Sep 13 11.90 $1'136M Aug 13 112.56 Ytd Avg. 2013 (3.20%) 30 Sep (2.03%) (3.29%) 2.31% 13 31 Oct 13 0.33% (3.10%) 7.21% 7.55% 6.39% 4.17% 3.24% (3.69%) Feb 13 - Sep 13 2.97% 5.21% 3.52% 4.89% (4.57%) Feb 13 - Aug 13 Systematic Ytd Avg. 2013 (13.43%) Systematic/Global EAGLE QUANTITATIVE MACRO FUND LTD Eagle Trading Systems Inc. (Menachem Sternberg) 30 Sep 06 M $563M Sep 13 165.49 Ytd Avg. 2013 (13.43%) 30 Sep (4.39%) (13.43%) 8.57% 13 4.2% 4.82% 7.45% 14.43% (16.58%) May 12 - Sep 13 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 40
  • 41. Inception Dates Liquidity Asset Size Last NAV or Index Date MTD YTD 2012 2011 2010 Ann. Return 99.63% -10.68% Ann. Vol Max Drawdown1 Commodity Ytd Avg. 2013 14.48% Commodity/Global CUMULUS ENERGY FUND CLASS A USD Peter Brewer 30 Sep 06 M $346M Oct 13 573.34 31 Oct 13 Ytd Avg. 2013 14.48% 4.99% 14.48% 24.55% 27.93% 36.42% (41.27%) Sep 07 - Apr 08 Currency Ytd Avg. 2013 (14.45%) Currency/Global ORTUS FUND (CAYMAN) LTD Dr Joe Zhou 30 Sep 03 M $129M Oct 13 201.77 31 Oct 13 Ytd Avg. 2013 (14.45%) (0.72%) (14.45%) -17.33% 5.7% 27.89% 7.20% 12.33% (30.71%) Jan 12 - Aug 13 Systematic Ytd Avg. 2013 (1.14%) Systematic/Global AHL DIVERSIFIED Tim Wong, Matthew Sargaison 29 Feb 96 AHL EVOLUTION USD Tim Wong , Matthew Sargaison 31 Aug 05 ASPECT DIVERSIFIED FUND - CLASS A Anthony Todd 30 Nov 98 BEACH HORIZON FUND LTD David Beach, Sanjeev Lakhanpal, Paul Netherwood 30 Apr 05 BLUETREND FUND, LTD - CLASS A Michael Platt & Leda Braga 31 Mar 04 BORONIA DIVERSIFIED FUND MASTER Richard Grinham and Angus Grinham 31 Aug 93 CAMPBELL GLOBAL ASSETS FUND LTD Class A Campbell & Company 31 Jan 98 CAMPBELL GLOBAL ASSETS FUND LTD Class B Campbell & Company 30 Jun 02 CCP QUANTITATIVE FUND US$ ARISTARCHUS SH. Ewan Kirk, Erich Schlaikjer, Cantab Capital 28 Feb 07 CONQUEST MACRO FUND, LTD (COMP) Marc Malek 30 Apr 99 W M W M M M M M M M $527M Jul 13 87.13 $1'518M Jul 13 1.13 $1'475M Jun 13 300.58 $64M Apr 13 182.23 $9'800M Sep 13 280.43 $98M Oct 13 1,734.61 $149M Oct 13 3,811.71 $149M Oct 13 3,183.60 $1'086M Oct 13 1,493.82 $157M Aug 13 1,894.86 Ytd Avg. 2013 (1.14%) 01 Nov (1.19%) (4.62%) -2.22% 13 01 Nov (0.98%) 13 10.71% 06 Nov 13 (5.45%) 0.92% 23.53% -5.9% 16.02% 13.02% 16.93% (19.53%) Oct 01 - Apr 02 10.53% 19.83% 15.04% 12.89% (13.16%) Jun 08 - Oct 08 -10.66% 4.51% 15.36% 7.64% 16.08% (21.47%) Feb 04 - Jan 05 30 Sep (2.06%) 13 (9.81%) 31 Oct 13 3.82% (8.92%) 05 Nov 13 0.87% -19.51% -1.14% 8.65% 7.38% 18.38% (32.48%) Apr 11 - Sep 13 0.02% 0.32% 15.98% 11.35% 14.23% (19.55%) Apr 11 - Sep 13 7.08% -3.99% -8.75% 9.44% 9.20% 11.65% (14.56%) Feb 08 - Apr 12 01 Nov (1.18%) 13 9.90% 01 Nov (1.19%) 13 8.87% 4.52% -2.92% 14% 8.86% 13.30% (21.17%) Jun 07 - Jan 10 1.84% 1.83% 20.3% 6.62% 11.62% (22.92%) Jun 07 - Aug 07 01 Nov (1.74%) (26.16%) 13 15.32% 06 Nov (0.94%) (10.56%) 13 -33.16% 12.84% 2.48% 6.43% 15.68% (29.94%) Apr 13 - Aug 13 -5.67% 4.92% 4.50% 19.45% (56.21%) Jul 09 - Mar 13 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 41
  • 42. Inception Dates Liquidity Asset Size Last NAV or Index Date Systematic/Global CRABEL FUND SPC LTD CLASS A Toby Crabel 28 Feb 98 DB PLATINUM IV DBX SYSTEMATIC ALPHA INDEX FUND - CLASS I1CU DB Platinum Advisors 30 Jun 10 DISCUS FEEDER LTD CL. B USD STANDARD LEVERAGE Team managed 31 Dec 90 EAGLE GLOBAL FUND Menachem Sternberg 30 Sep 95 EDGESTREAM NIAS FUND Peter Yianilos 30 Jun 04 FORT GLOBAL DIVERSIFIED Yves Balcer, Sajiv Kumar 30 Sep 93 GRAHAM GIF II PROPRIETARY MATRIX SP SIES A Kenneth G. Tropin 30 Jun 99 GRAHAM GLOBAL INVESTMENT FUND II - K4D-10V Kenneth G. Tropin 31 Jan 95 GRAHAM GLOBAL INVESTMENT FUND II - K4D-15V COMPOSITE Kenneth G. Tropin 31 Dec 00 HIGHBRIDGE QUANTITATIVE COMMODITIES FUND CLASS A Sassan Alizadeh 30 Sep 09 HIGHBRIDGE QUANTITATIVE COMMODITIES FUND CLASS B Sassan Alizadeh 31 Jul 11 KEYNES LEVERAGED QUANTITATIVE STRATEGIES FUND CLASS - B -COMPOSITE Sushil Wadhwani, 31 Dec 04 LYNX (BERMUDA) LTD Jonas Bengtsson, Svante Bergstrom, Martin Sandquist 30 Apr 00 MLIS - GRAHAM CAPITAL SYSTEMATIC MACRO UCITS FUND Graham Capital Management L.P. 30 Nov 10 RENAISSANCE INSTITUTIONAL FUTURES FUND LP Renaissance Technologies LLC 30 Sep 07 M W M M M D M M M M M M M D M $355M Oct 13 5,228.22 $1'267M Sep 13 112.77 $440M Sep 13 981.66 $203M Oct 13 830,381.81 $161M Sep 13 177.78 $94M Sep 13 2,216.17 $950M Oct 13 311.00 $2'521M Oct 13 353.77 $2'521M Oct 13 209.61 $332M Aug 13 941.46 $332M Aug 13 602.41 $241M Sep 13 100.89 $477M Aug 13 433.85 $80M Sep 13 77.23 $72M Sep 13 114.99 01 Nov 13 30 Oct 13 MTD YTD 2012 Ytd Avg. 2013 (1.14%) 0.37% (0.69%) 15.53% 3.10% 3.92% -3.96% 01 Nov (2.57%) (20.82%) 13 8.1% 01 Nov (0.18%) 13 7.14% 01 Nov (0.90%) 13 (2.65%) 11.12% Ann. Vol Max Drawdown1 16.32% (16.71%) 4.85% 7.76% 3.67% 7.80% (7.87%) 0.14% 21.95% -6.67% 10.77% 15.74% (34.56%) Jun 94 - Oct 95 8.82% 17.68% 12.40% 23.37% (32.13%) Oct 03 - Sep 04 -0.82% -4.52% 10.8% 6.35% 6.93% (9.76%) Dec 04 - Sep 05 7.12% 39.95% 34.46% 16.67% 19.46% (26.55%) May 99 - Sep 00 6.97% -0.07% -9.85% 10.56% 8.22% 11.92% (17.90%) Apr 11 - Nov 12 05 Nov (0.05%) 13 5.45% 05 Nov (0.06%) 13 8.15% -4.91% -7.15% 0.77% 6.96% 12.28% (20.70%) -18.64% 4.52% 10.01% 19.38% (29.84%) Feb 04 - Apr 05 -17.36% 30 Sep (2.16%) (14.76%) 13 -17.57% 2.87% -13.12% Apr 11 - Nov 12 30 Sep (2.15%) (14.61%) 13 (6.54%) -4.27% 31.32% (1.50%) 19.82% (44.35%) Apr 11 - Jun 13 -14.26% (20.83%) 15.21% (40.42%) Aug 11 - Jun 13 6.54% -5.89% 6.47% 6.70% 12.23% (12.83%) Apr 06 - Sep 06 06 Nov (1.09%) 13 1.27% 05 Nov (0.17%) 13 5.70% 31 Oct 13 8.33% Ann. Return Apr 13 - Aug 13 -13.88% 31 Oct 13 -1.93% 2010 Oct 98 - Jun 99 01 Nov (0.23%) (12.64%) 13 05 Nov 13 2011 1.82% -6.71% -2.25% 19.17% 11.46% 14.31% (14.72%) Sep 11 - Aug 13 -10.09% -20.38% 2.07% (8.43%) 12.73% (31.34%) Feb 11 - Nov 12 (1.21%) -3.17% 1.84% 22.61% 2.32% 11.31% (22.27%) Jun 08 - Jun 09 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 42
  • 43. Inception Dates Liquidity Asset Size Last NAV or Index Date Systematic/Global SOLAISE SYSTEMATIC FUND LTD ( S Class) Ali Nejjar 31 May 11 TEWKSBURY INVESTMENT FUND, LTD - B Matthew Tewksbury 31 Dec 90 TRADELINK INTEGRATED PROGRAM LTD Walt Weissman and Blair Wellensiek 31 Dec 93 TUDOR TENSOR FUND LIMITED CLASS I Steve Evans 31 Aug 05 TULIP TREND FUND, LTD - A Progressive Capital Partners Ltd 31 Mar 03 TWO SIGMA COMPASS CAYMAN FUND Two Sigma Investments, LLC 31 Jul 09 WINTON EVOLUTION FUND (THE) David Harding 31 Aug 05 WINTON FUTURES FUND - CLASS B David Harding 30 Sep 97 M M M M M M M M $310M Oct 13 94.69 $2'717M Sep 13 16,414.28 $64M Sep 13 2,256.94 $278 M Sep 13 1,411.96 $525M Jun 13 3,434.52 $784M Sep 13 1,780.02 $42M Oct 13 1,454.95 $10'100M Oct 13 875.52 31 Oct 13 MTD YTD 2012 Ytd Avg. 2013 (1.14%) 2.62% (0.21%) -0.15% 2011 2010 -4.97% Ann. Return (2.23%) Ann. Vol 12.10% Max Drawdown1 (13.61%) Aug 11 - Aug 13 01 Nov (1.10%) 13 5.69% 31 Oct 13 (0.69%) 2.73% 31 Oct 13 0.82% 31 Oct 13 4.31% 31 Oct 13 (1.49%) 06 Nov 13 0.21% 06 Nov 13 0.02% 3.53% 4.55% 10.47% 13.03% 4.71% (7.75%) Jun 07 - Aug 07 -6.33% -21.27% 16.01% 17.00% 22.83% (36.53%) May 03 - Jan 05 (5.38%) -2.17% -10.31% 6.19% 4.31% 11.62% (20.96%) Feb 11 - Aug 13 (6.68%) 4.89% -20.93% 38.39% 12.35% 25.78% (34.25%) Feb 09 - Jan 10 13.12% 4.23% 2.33% 26.02% 14.51% 8.25% (9.85%) Apr 11 - Sep 11 10.61% -8.31% 3.83% 15.12% 4.68% 10.66% (14.61%) Jun 08 - Jul 09 6.68% -3.56% 6.29% 14.48% 14.41% 17.13% (25.08%) Oct 01 - Feb 02 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 43
  • 44. Inception Dates Liquidity Asset Size Last NAV or Index Date MTD YTD 2012 2011 2010 Ann. Return Ann. Vol Max Drawdown1 Discretionary Ytd Avg. 2013 7.87% Discretionary/Asia AMAZON MARKET NEUTRAL FUND CLASS A USD Philip King 31 Aug 05 M $329M Oct 13 369.93 Discretionary/Europe EXANE MICROMEGAS FUND LTD- CLASS A - CAP Jerome Poirel 30 Jun 06 W €60M Oct 13 14,406.34 $793M Oct 13 326.84 $534M Jul 13 133.58 €579M Sep 13 120.26 Discretionary/Global BLACK DIAMOND RELATIVE VALUE LTD -C-Shs Clint Carlson 31 Jul 99 MARSHALL WACE - MW MARKET NEUTRAL TOPS A USD Anthony Clake. 31 Oct 07 MLIS - MARSHALL W. TOPS UCITS FUND (MKT NTRL) Marshall Wace LLP 31 Dec 07 Q M D 01 Nov 13 30 Apr 02 EQUILIBRIA JAPAN FUND LTD 2X (USD) James Pulsford, Sara Gardiner-Hill 30 Apr 09 M M $153M May 13 236.51 05 Nov 13 0.36% 05 Nov 13 0.27% $340M May 13 147.56 Discretionary/UK ABSOLUTE INSIGHT UK EQUITY MKT NEUTRAL FUND-CLASS B2P GBP Andrew Cawker, Iain Brown, Richard Howarth 31 May 08 CAZENOVE UK ABSOLUTE TARGET FUND - P2 GBP Steven Cordell 30 Jun 08 D D €1'030M Jul 13 1.20 £247M Dec 12 125.62 25 Oct 13 25 Oct 13 14.40% 15.02% 21.8% 17.35% 12.12% (20.20%) 1.38% 4.62% 3.17% 5.36% (8.36%) Feb 12 - Nov 13 -3.25% 1.48% 8.66% 5.41% (8.09%) Mar 11 - Sep 11 3.18% -0.21% 4.93% 6.66% (15.98%) Jun 08 - Nov 08 7.01% 6.07% 3.46% 0.3% 3.21% 4.65% (11.63%) Jun 08 - Oct 08 Ytd Avg. 2013 14.21% 0.65% 9.04% -3.55% -0.13% 5.58% 7.78% 4.55% (7.20%) Jul 11 - Dec 12 1.28% 19.37% -6.6% -0.5% 10.87% 9.05% 8.41% (13.42%) Jul 11 - Dec 12 Ytd Avg. 2013 6.42% 07 Nov (0.12%) 2.46% 3.49% 13 06 Nov 13 11.56% Jun 08 - Dec 08 Ytd Avg. 2013 (0.74%) 06 Nov (0.50%) (0.74%) -5.74% 13 Ytd Avg. 2013 8.61% 31 Oct 0.45% 4.41% 9.48% 13 Discretionary/Japan EQUILIBRIA JAPAN FUND LTD 1X USD James Pulsford, Sara Gardiner-Hill Ytd Avg. 2013 4.49% 0.12% 4.49% 1.85% 0.20% 10.38% 4.08% 2.3% 1.9% 3.17% 1.38% (0.63%) Jul 13 - Sep 13 11.24% -7.62% 4.35% 5.44% (9.96%) Sep 09 - Dec 10 Equity Diversified Ytd Avg. 2013 8.10% Equity Diversified/Asia MACQUARIE ASIAN ALPHA FUND Nick Bird 30 Sep 05 M $970M Sep 13 1,803.06 31 Oct 13 Ytd Avg. 2013 6.65% 0.90% 6.51% 4.41% 9.11% 10.29% 9.75% 6.37% (14.05%) Oct 07 - Apr 09 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 44
  • 45. Inception Dates Liquidity Asset Size Last NAV or Index Date Equity Diversified/Asia PAN ASIA OPPORTUNITIES FUND LTD CLASS B Jeff Shen, Ryan Kim, Ryan LaFond, Jan Bratteberg 31 Jul 10 M $1'132M Oct 13 126.44 31 Oct 13 Equity Diversified/Europe BLACKROCK EUROPEAN DIVERSIFIED EQUITY A.R.F - SHARE CLASS D Robert Fisher/Simon Weinberger 30 Sep 10 D GAM TALENTUM ENHANCED EUROPE LONG/SHORT - 30 Nov 04 AGianmarco Mondani / Roberto Cantaluppi / Paolo Longinotti M GLG EUROPEAN EQUITY ALTERNATIVE FUND UCITS AR CL I Pierre Lagrange, Simon Savage, Darren Hodges D 30 Jun 11 €153M Nov 12 117.51 €240M Sep 13 247.06 $1'309M Sep 13 114.29 06 Nov 13 31 Oct 13 31 Oct 11 M $435M Sep 13 1,107.80 31 Oct 13 YTD 2012 Ytd Avg. 2013 6.65% 2.17% 6.79% 2.92% 2011 9.6% 2010 4.96% Ann. Return 7.47% Ann. Vol Max Drawdown1 5.35% (3.62%) Jul 11 - Oct 11 Ytd Avg. 2013 10.04% 1.12% 11.91% -0.35% -4.05% 6.52% 4.30% 5.67% (13.12%) Mar 11 - May 12 2.81% 12.55% 16.65% 2.91% 18.43% 10.67% 9.10% (25.03%) Jun 08 - Apr 09 05 Nov (0.05%) 13 Equity Diversified/Global TWO SIGMA ABSOLUTE RETURN FUND LTD Two Sigma Advisers, LLC MTD 5.65% 6.19% 1.87% 5.84% 4.31% (3.45%) Apr 12 - Aug 12 Ytd Avg. 2013 5.20% 1.08% 5.20% 4.03% 1.23% 5.24% 5.35% (4.33%) Jun 13 - Sep 13 Multi-Strategy Ytd Avg. 2013 4.56% Multi-Strategy/Asia LIM ASIA MULTI-STRATEGY FUND CLASS A George W. Long 31 Dec 95 Q $1'210M Sep 13 37.29 31 Oct 13 Multi-Strategy/Global HUDSON BAY INTERNATIONAL FUND LTD Hudson Bay Capital Management LP 31 May 06 Q $1'111M Sep 13 227.13 31 Oct 13 Ytd Avg. 2013 5.49% 0.30% 5.49% 3.57% -0.23% 8.6% 7.65% 5.79% (15.79%) Feb 08 - Nov 08 Ytd Avg. 2013 3.63% 0.05% 3.63% 11.37% 4.31% 8.44% 11.68% 5.08% (3.92%) Nov 07 - Dec 07 Statistical Arbitrage Ytd Avg. 2013 1.98% Statistical Arbitrage/Global A.R.T. INTERNATIONAL INVESTOR (BVI) Ltd Aaron Sosnick 28 Feb 07 BLUEMATRIX FUND CLASS -A- USD Frank Fehle, Systematic Team 31 Oct 07 Q M $919M Oct 13 217.69 $1'300M Sep 13 143.79 31 Oct 13 31 Oct 13 Ytd Avg. 2013 1.98% 0.73% 5.37% 5.67% 7.88% 6.75% 12.36% 8.14% (10.48%) Jul 07 - Aug 07 5.42% 9.32% -2.49% -1.42% 6.45% 6.23% 7.15% (9.96%) Apr 11 - Sep 11 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 45
  • 46. Inception Dates Liquidity Asset Size Last NAV or Index Date Statistical Arbitrage/Global CAMPBELL GLOBAL ASSETS FUND LTD Class D Campbell & Company 31 Dec 00 GSA CAPITAL INTERNATIONAL FUND, LTD - CLASS A Jonathan Hiscock 28 Feb 05 HIGHBRIDGE STATISTICAL OPP. LTD – CLASS A Peter Beebee, Jerome Benveniste, Evan Dick, Alain Sunier 31 Oct 06 M Q M $149M Oct 13 1,130.34 $1'380M Oct 13 230.19 $729M Jan 13 1,148.54 01 Nov 13 31 Oct 13 31 Oct 13 MTD YTD 2012 Ytd Avg. 2013 1.98% 0.26% (3.21%) -10.1% 2011 18.36% 2010 17.47% Ann. Return 8.59% Ann. Vol 10.30% Max Drawdown1 (22.98%) Feb 06 - Aug 07 1.94% 10.56% 3.64% 15.2% 12.08% 10.09% 4.51% (11.91%) Jun 08 - Sep 08 (3.31%) (12.15%) 5.2% 3.1% -2.39% 2.00% 10.20% (21.48%) Jun 07 - Aug 07 Systematic Ytd Avg. 2013 6.02% Systematic/Europe BLACKROCK EOS CLASS B USD COMPOSITE Robert Fisher, Simon Weinberger 28 Feb 02 M $168M Oct 13 1,402.14 05 Nov 13 Systematic/Global BLACKROCK 32 CAPITAL MASTER FUND SPC, LTD (THE) - A/1 Raffaele Savi and Ken Kroner 31 Jul 02 BRYN MAWR OFFSHORE LTD Kenneth B. Gray, Jr. & Stephen L. Walsh 31 Dec 95 ROSEMONT OFFSHORE FUND LTD CLASS -ASERIES 1 Kenneth B. Gray, Jr. & Stephen L. Walsh 30 Apr 06 Y/M Q Q $1'046M Oct 13 2,102.56 $117M Sep 13 4,904.95 $173M Sep 13 1,889.82 31 Oct 13 31 Oct 13 Ytd Avg. 2013 16.32% 1.04% 16.32% 3.49% -3.11% 13.64% 9.80% 8.66% (14.33%) Jul 07 - Jan 08 Ytd Avg. 2013 2.59% 4.69% 6.82% 9.41% 24.92% 20.38% 6.82% 7.48% (25.15%) Jun 08 - Sep 09 (0.48%) 30 Sep (0.43%) 13 0.23% 6.61% 0.56% 5.96% 9.32% 4.05% (4.11%) Oct 99 - Dec 99 0.73% 6.58% 0.49% 5.96% 8.95% 4.63% (3.63%) Aug 08 - Nov 08 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 46
  • 47. Inception Dates Liquidity Asset Size Last NAV or Index Date MTD YTD 2012 2011 2010 Ann. Return Ann. Vol Max Drawdown1 Merger-Arbitrage Ytd Avg. 2013 7.61% Merger-Arbitrage/Global AETOS CORPORATION - CLASS A Jason Dahl, Jonathan Spitzer 31 Dec 85 LION FUND, LTD (THE) Nick Walker 31 Jan 96 PAULSON ENHANCED LTD John Paulson 30 Apr 01 PAULSON INTERNATIONAL, LTD John Paulson 30 Apr 96 M M S M $95M Aug 13 26,030.74 $173M Aug 13 38.36 $2'200M Feb 13 1,040.91 $1'495M Feb 13 869.97 31 Oct 13 31 Aug 89 M $119M Dec 12 599.77 0.36% 31 Oct 13 0.22% 31 Oct 13 0.13% 01 Nov 13 4.33% 6.57% 8.78% 11.37% (34.97%) Aug 87 - Oct 87 30 Sep 13 Merger-Arbitrage/USA GABELLI ASSOCIATES LIMITED - CLASS A Mario Gabelli Ytd Avg. 2013 8.78% (0.21%) 0.89% 1.25% (3.31%) 2.36% 4.6% 5.9% 7.81% 9.58% (34.07%) Oct 07 - Feb 09 25.39% 19.6% -21.55% 26.08% 20.59% 15.98% (30.43%) Apr 11 - Sep 11 12.13% 9.07% -10.17% 12.57% 12.61% 7.89% (15.52%) May 11 - Sep 11 Ytd Avg. 2013 2.94% 0.04% 2.94% 2.55% 3.03% 6.22% 7.69% 3.26% (6.65%) Oct 07 - Oct 08 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 47
  • 48. Inception Dates Liquidity Asset Size Last NAV or Index Date MTD YTD 2012 2011 2010 Ann. Return Ann. Vol Max Drawdown1 Credit Ytd Avg. 2013 13.92% Credit/Europe CHENAVARI MULTI STRATEGY CREDIT FUND - MS2 € Chenavari Investment Managers 31 Jan 12 M $145M Oct 13 121.30 30 Sep 13 Credit/Global CANYON BALANCED FUND LTD - CLASS A M.R. Julis & J.S. Friedman 31 May 04 Q $2'273M Jul 13 3,208.98 30 Sep 13 Ytd Avg. 2013 13.66% 2.13% 13.66% 6.72% 12.29% 4.24% (0.45%) Jul 13 - Aug 13 Ytd Avg. 2013 14.19% 1.69% 14.19% 20.52% -4.57% 14.29% 13.30% 10.56% (30.14%) Oct 07 - Nov 08 Diversified Ytd Avg. 2013 8.31% Diversified/Asia PHALANX JAPAN AUSTRALASIA MULTI-STRATEGY FUND LTD Christopher S. McGuire 31 Mar 05 SEGANTII ASIA-PACIFIC EQUITY MULTI-STRATEGY FUND Simon Sadler & Kurt Ersoy 30 Nov 07 Q M $94M Sep 13 1,467.61 $745M Oct 13 225.58 Ytd Avg. 2013 8.22% 30 Sep (0.45%) 13.87% 11.48% 13 25 Oct 13 Diversified/Emerging CONTRARIAN EMERGING MARKETS OFF FUND LTD Xiao Song 31 Dec 05 SPINNAKER GLOBAL EMERGING MARKETS FUND, LTD Bradley Wickens 30 Jun 99 Q Q $344M Sep 13 311.03 $1'329M Sep 13 1,978.98 Diversified/Global AHL DIMENSION USD SHARES CLASS B Tim Wong, Nick Granger 30 Jun 06 ALLBLUE LIMITED Michael Platt 31 Aug 05 ARROWGRASS MASTER FUND Nick Niell , Henry Kenner 31 Jan 08 BLACK DIAMOND, LTD - CLASS B (UNRESTRICTED) Clint D. Carlson 31 Dec 95 M M Q Q $48M Jul 13 1.44 $7'910M Aug 13 194.04 €3'105M Oct 13 158.73 $100M Oct 13 331.24 31 Oct 13 15 Oct 13 (1.60%) 2.57% 4.81% 4.79% 5.79% 37.13% 27.39% (30.13%) Apr 06 - Mar 07 40.75% 1.72% 14.77% 7.71% (5.20%) Aug 10 - Sep 10 Ytd Avg. 2013 7.43% 7.25% 12.67% 23.2% -7.16% 33.16% 15.58% 14.06% (28.43%) Feb 08 - Oct 08 1.95% 2.19% 20.69% -9.31% 12.56% 23.21% 11.69% (33.11%) May 08 - Feb 09 Ytd Avg. 2013 8.31% 01 Nov (1.23%) 3.16% 3.02% 13 31 Oct 13 1.93% 31 Oct 13 0.59% 31 Oct 13 1.26% 0.79% 5.96% -5.83% 16.72% 5.13% 9.46% (10.62%) Dec 08 - Jan 10 1.87% 8.06% 8.45% 4.76% (4.51%) Jun 07 - Aug 07 6.95% 5.6% 0.12% 4.22% 8.36% 4.12% (3.99%) Apr 11 - Sep 11 3.89% 10.27% -0.69% 5.66% 6.94% 4.06% (18.58%) Aug 08 - Dec 08 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 48
  • 49. Inception Dates Liquidity Asset Size Last NAV or Index Diversified/Global BLACKROCK MULTI-STRATEGY FUND LTD - CLASS A Grace Gu 30 Apr 05 BLACKROCK CAPITAL STRUCTURE INVESTMENTS FUND LTD Chad Meuse, Benoy Thomas 31 Dec 08 BLUECREST CAPL INTL LTD A USD Michael Platt 30 Nov 00 BOUSSARD & GAVAUDAN HOLDING., LTD ordinary shares Emmanuel Gavaudan 31 Jan 07 BREVAN HOWARD M/S FUND, LTD – CL. A/USD Alan Howard 29 Feb 08 BRUMMER MULTISTRATEGY 2XL, LTD - C Klaus Jäntti, Patrik Brummer 30 Apr 09 BTG PACTUAL GLOBAL EQUITY OPPORTUNITIES FD -B-NNI BTG Pactual Global Asset Management 29 Feb 12 CQS DIRECTIONAL OPP. FEEDER FUND. Ltd – A NI USD Michael Hintze 31 Jul 05 CQS DIVERSIFIED FUND (SPC) LTD ALPHA CLASS B USD James Peattie & Peter Warren 28 Feb 07 DOUBLE BLACK DIAMOND LTD - SERIES A (UNRESTRICTED) Clint Carlson 31 Mar 98 GLG MARKET NEUTRAL FUND - CLASS Z USD UNRESTRICTED Steve Roth 31 Dec 97 HALCYON PARTNERS OFFSHORE FUND LTD John M. Bader 31 May 04 HIGHBRIDGE CAPITAL CORPORATION CLASS -A-Series N (Composite) Mark Vanacore 31 Aug 92 HUTCHIN HILL DIVERSIFIED ALPHA MASTER FUND LTD 15% Incentive Allocation Neil Chriss 30 Jun 08 M M Q D M M Q Q Q Q M Q Q/Y Q $968M Sep 13 1,489.35 $424M Aug 13 126.55 $12'000M Sep 13 435.41 €573M Aug 13 16.00 $5'036M Sep 13 126.82 $434M Nov 12 1,360.41 $350M Sep 13 116.95 $2'230M Sep 13 4,500.27 $750M Oct 13 1,663.02 $2'934 M Oct 13 424.88 $873M Sep 13 917.03 $2'600M Dec 12 181.38 $4'500M Jun 13 87,439.01 $936M Sep 13 1,706.87 Date MTD YTD 2012 Ytd Avg. 2013 8.31% 30 Sep (0.04%) 4.13% 7.86% 13 30 Sep 13 1.98% 31 Oct 13 0.71% 06 Nov 13 0.96% 31 Oct 13 (0.24%) 31 Oct 13 0.60% 31 Oct 13 (0.70%) 31 Oct 13 2.72% 31 Oct 13 0.91% 31 Oct 13 1.06% 01 Nov 13 0.18% 25 Oct 13 0.32% 31 Oct 13 0.85% 01 Nov 13 0.92% 3.00% 3.74% 2011 2.43% 2010 10.2% Ann. Return 4.84% Ann. Vol Max Drawdown1 5.58% (13.96%) Jun 08 - Dec 08 22.94% 1.18% 5.08% 7.81% (7.83%) Mar 09 - Apr 09 (1.03%) 5.82% 6.1% 12.82% 12.05% 5.56% (4.83%) May 03 - Aug 03 8.76% 9.45% -2.59% 11.49% 5.91% 6.97% (20.69%) May 07 - Sep 08 (0.70%) 4.61% 5.2% 2.12% 4.28% 4.73% (6.29%) Feb 08 - Sep 08 10.06% 3.55% 1.02% 5.05% 7.07% 6.63% (6.56%) Apr 11 - Nov 11 7.91% 7.42% 9.24% 3.22% (1.50%) Aug 12 - Oct 12 12.18% 35.87% -10.42% 31.45% 19.98% 14.14% (24.58%) Apr 11 - Sep 11 4.93% 11.4% -3.45% 14.62% 7.91% 6.92% (14.78%) Jun 08 - Dec 08 5.06% 12.04% -1.07% 9.39% 9.72% 5.34% (17.93%) Aug 08 - Dec 08 8.36% 18.4% 0.78% 33.6% 15.01% 14.85% (54.03%) Nov 07 - Dec 08 6.01% 11.24% -5.91% 8.81% 6.53% 5.56% (15.01%) Oct 07 - Dec 08 5.06% 9.79% -5.11% 3.98% 10.78% 7.08% (30.04%) Jun 08 - Nov 08 14.43% 11.06% -4.92% 6.91% 10.52% 6.50% (7.63%) Apr 11 - Feb 12 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 49
  • 50. Inception Dates Liquidity Asset Size Last NAV or Index Date Diversified/Global JABCAP GLOBAL BALANCED FUND LTD CLASS D/1 NI 30 Apr 07 Philippe Jabre W JABCAP MULTI STRATEGY FUND LTD CLASS D/1 NI Philippe Jabre 31 Jan 07 M LINDEN INTERNATIONAL LTD Joe Wong 31 May 03 LMR GLOBAL OPPORTUNITIES FUND LTD CLASS -ANI SERIES 1 Ben Levine, Stefan Renold, Andrew Manuel 31 Mar 12 MAN GLG MULTI-STRATEGY FUND CLASS G Neil Mason and David Kingsley 31 Dec 02 MILLENNIUM INTL LTD Israel A Englander 31 Dec 89 PINE RIVER FUND CLASS -B1- SHARES Aaron Yeary 31 May 02 Q M M Q Q PLATINUM PARTNERS VALUE ARBITRAGE INT. FUND 31 Dec 02 LTD Mark Nordlicht Q PORTLAND HILL OVERSEAS FUND LTD Thierry Lucas 31 May 12 M QVT OFFSHORE LTD CLASS 1-NR Dan Gold 31 Oct 03 RENAISSANCE INSTITUTIONAL DIVERSIFIED ALPHA FUND INTL. L.P.,A Renaissance Technologies LLC 28 Feb 12 STRATUS FUND LIMITED CLASS B Jean-Philippe Bouchaud, Philippe Jordan, Marc Potters, Jacques Sauliere 30 Nov 03 TWO SIGMA HORIZON CAYMAN LTD Two Sigma Investments, LLC 30 Apr 08 VISIUM GLOBAL OFFSHORE FUND LTD Jacob Gottlieb 31 Mar 09 WEISS MULTI-STRATEGY PARTNERS LLC Weiss Multi-Strategy Advisers,LLC 30 Sep 06 WHITEBOX MULTI-STRATEGY FUND Andrew Redleaf, Paul Twitchell, Rob Vogel, Jason Cross 31 Dec 01 Y/Q M M Q M Q Q $507 M Oct 13 212.22 $520M Sep 13 154.10 $584M Sep 13 293.56 $202M Aug 13 118.69 $188M Sep 13 103.34 $19'040M Sep 13 2,528.58 $3'277 M Oct 13 3,531.92 $480M Aug 13 6,506.82 $128M Aug 13 121.04 $2'588M Sep 13 2,252.30 $1'499M Sep 13 105.16 $235M Sep 13 1,958.67 $324M Sep 13 1,282.25 $612M Sep 13 297.55 $212M Oct 13 178.40 $426M Sep 13 516.43 31 Oct 13 MTD YTD 2012 Ytd Avg. 2013 8.31% 6.07% 37.52% 15.5% 2011 -27.33% 2010 3.57% Ann. Return 12.25% Ann. Vol Max Drawdown1 15.12% (35.04%) Apr 10 - Jun 12 15 Oct 13 1.32% 30 Sep 13 1.86% 31 Oct 13 0.75% 35.93% 11.8% -25.65% 6.5% 6.66% 17.80% (40.20%) Feb 08 - Jan 09 10.79% 4.11% -7.86% 24.01% 10.97% 9.68% (24.60%) Feb 08 - Dec 08 10.52% 7.39% 11.40% 4.16% (1.15%) Nov 12 - Dec 12 01 Nov (0.10%) 13 3.34% 31 Oct 13 1.05% 10.37% 31 Oct 13 (0.38%) 30 Sep 13 0.18% 31 Oct 13 1.70% 31 Oct 13 (1.37%) 31 Oct 13 8.00% 01 Nov 13 0.12% 31 Oct 13 (0.11%) 31 Oct 13 1.25% 31 Oct 13 0.35% 4.98% -3.59% 13.38% 4.87% 7.47% (30.54%) Oct 07 - Dec 08 6.32% 8.39% 13.22% 14.49% 4.37% (7.24%) May 98 - Aug 98 8.85% 21.75% 5.7% 13.87% 11.67% 10.63% (29.16%) Jun 08 - Dec 08 8.80% 11.58% 21.03% 19.27% 19.02% 4.92% (4.44%) Aug 08 - Oct 08 12.47% 7.62% 14.40% 4.19% (1.30%) May 13 - Jun 13 (2.15%) 14.36% 6.5% 12.16% 8.45% 9.80% (40.35%) Feb 08 - Dec 08 6.51% -1.26% 3.05% 10.12% (8.76%) Mar 13 - Sep 13 (3.63%) -2.89% 15.63% 1.56% 7.00% 5.91% (10.52%) Feb 12 - Sep 13 0.31% 9.29% -13.97% 17.76% 4.62% 9.27% (17.85%) May 11 - Nov 11 12.01% 19.52% 1.75% 20.05% 26.82% 10.58% (7.80%) Apr 10 - Jun 10 01 Nov (0.07%) 13 12.82% 1.75% -0.15% 4.98% 8.51% 6.76% (17.75%) Jun 08 - Dec 08 14.97% 11.38% 1.2% 17.25% 14.87% 10.07% (34.40%) Jun 08 - Dec 08 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 50
  • 51. Inception Dates Liquidity Asset Size Last NAV or Index Date Diversified/Japan LIM JAPAN FUND George Long 31 Oct 04 Q $254M Sep 13 196.83 31 Oct 13 MTD YTD 2012 Ytd Avg. 2013 10.29% (0.24%) 10.29% 5.62% 2011 2.73% 2010 14.28% Ann. Return 7.81% Ann. Vol 5.95% Max Drawdown1 (10.09%) Jun 08 - Feb 09 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 51
  • 52. Inception Dates Liquidity Asset Size Last NAV or Index Date MTD YTD 2012 2011 2010 Ann. Return Ann. Vol Max Drawdown1 Arbitrage Ytd Avg. 2013 (1.44%) Arbitrage/Global BLUEMOUNTAIN EQUITY ALTERNATIVES FUND BlueMountain Capital Management 28 Feb 06 CASSIOPEIA FUND CLASS C Pierre de Saab & Alain Dos Santos 31 Jul 04 LIONSCREST TAILPRO -US EQUITY FUND Lionscrest Capital 31 Aug 08 PIMCO MULTI-ASSET VOLATILITY FUND LTD Josh Thimons, Josh Davis, Matt Dorsten 31 Jul 11 Q M M M $683M Sep 13 2,178.47 $703M Oct 13 229.23 $120M Sep 13 230.26 $¨1'093M Sep 13 126.72 25 Oct 13 31 Oct 13 Ytd Avg. 2013 (1.44%) 0.39% 5.50% 12.24% 7.67% 2.67% 10.70% 6.88% (9.57%) Sep 08 - Feb 09 (1.05%) 0.16% 24.85% 6.52% 11.98% 12.36% 10.00% (15.42%) Mar 10 - Jun 10 30 Sep (1.10%) 13 (4.24%) 30 Sep 13 (7.16%) 0.17% -5.48% 4.56% -0.12% 17.82% 46.41% (10.75%) Sep 11 - Sep 13 13.41% 20.36% 11.53% 8.13% (8.42%) Oct 12 - Aug 13 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC Alternative Investment Group | 52
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