This document provides the estimated weekly net asset values (NAVs) for 37 funds managed by Fairfield Greenwich Group as of various dates in December 2008. For each fund, it lists the fund name, fund type, date of NAV estimate, current NAV, monthly return, and year-to-date return. The funds cover a range of strategies including equity long/short, multi-strategy, arbitrage, quantitative macro, and fund of funds. NAVs ranged from $72.64 to $90,573.63 with most funds showing negative monthly and year-to-date returns in this period.

1. Fairfield Greenwich Group
Estimated Weekly NAV Report
55 East 52nd Street, 33rd Floor, New York, NY 10055 Tel: (212) 319-6060 Fax: (212) 319-0450 E-mail: mail@fggus.com
Pollen House 10-12 Cork Street, London W1S 3NP Tel: +44 20 7534 9244 Telefax: +44 20 7534 9245
12 Church Street, Suite 606, Hamilton, Bermuda HM 11 Tel: (441) 292-5401 Fax: (441) 292-5413
Fund Fund Type Date NAV MTD YTD
1. Fairfield Apex Greater China Equity Fund, Ltd. Greater China Equity Arbitrage As of 12/12/08 $1,235.77 0.81 (5.09)
2. Fairfield Areca Asian Equity Fund Ltd. (Euro) Pan-Asian Long/Short Equity As of 12/12/08 €605.23 2.26 (44.80)
3. Fairfield Areca Asian Equity Fund Ltd. Pan-Asian Long/Short Equity As of 12/12/08 $955.91 2.29 (45.31)
4. Fairfield Baron Absolute Return Fund, Ltd. Greater China Equity-Based Multi-Strategy As of 12/19/08 $993.94 4.64 (25.87)
5. Fairfield Baron Absolute Return Fund, Ltd. (Euro) Greater China Equity-Based Multi-Strategy As of 12/19/08 €801.02 4.58 (26.00)
6. Fairfield Del Mar Fund Ltd. Short-Biased Distressed As of 12/19/08 $1,514.65 (1.76) 22.37
7. Fairfield Fortitude Australian Absolute Return Fund Ltd. Australian Equity-Based Multi-Strategy As of 12/19/08 $1,237.75 0.57 8.38
8. Fairfield Icahn Fund Ltd. Class B Value Oriented Activist As of 12/19/08 $641.00 0.97 (35.25)
9. Fairfield Icahn Partners LP Value Oriented Activist As of 12/19/08 0.69 (37.25)
10. Fairfield ICAP Absolute Return Fund Ltd. - Class A Fundamental Long/Short Equity As of 12/19/08 $1,020.54 (0.68) (23.42)
11. Fairfield ICAP Absolute Return Fund Ltd. - Class B Fundamental Long/Short Equity As of 12/19/08 $1,150.44 (0.68) (23.63)
12. Fairfield Korean Equity Fund Ltd. Korean Long/Short Equity As of 12/19/08 $1,218.87 2.15 (7.23)
13. Fairfield Lion Investment Fund (Asia) Ltd. PCS (Euro) Asian Multi-Manager As of 12/18/08 €1,019.58 1.02 (16.28)
14. Fairfield Lion Investment Fund (Asia) Ltd. Institutional (SGD) Asian Multi-Manager As of 12/18/08 859.34 1.06 (17.40)
15. Fairfield Lion Investment Fund (Asia) Ltd. PCS (SGD) Asian Multi-Manager As of 12/18/08 811.34 1.02 (18.21)
16. Fairfield Lion Investment Fund (Asia) Ltd. Institutional (USD) Asian Multi-Manager As of 12/18/08 $1,072.56 1.10 (16.02)
17. Fairfield Lion Investment Fund (Asia) Ltd. PCS (USD) Asian Multi-Manager As of 12/18/08 $1,040.53 1.05 (16.84)
18. Fairfield Ludgate Hill Asian Arbitrage Fund Ltd. Pan-Asian Multi-Strategy As of 12/12/08 $1,303.05 1.48 (12.43)
19. Fairfield MT Japan Long-Short Fund, Ltd. (USD) Japan Long/Short Equity As of 12/19/08 $777.92 0.77 (21.56)
20. Fairfield Raven Credit Opportunities Fund Ltd. Capital Structure Arbitrage As of 11/30/08 $925.43 (8.86) (19.66)
21. Fairfield Redstone Fund, Ltd. Class B Euro Non Restricted Fundamental Long/Short Equity As of 12/19/08 €1,186.68 (0.88) (31.39)
22. Fairfield Redstone Fund, Ltd. Class B-1 Euro Restricted Fundamental Long/Short Equity As of 12/19/08 €1,122.50 (0.64) (31.60)
23. Fairfield Redstone Fund, Ltd. Class A Non Restricted Fundamental Long/Short Equity As of 12/19/08 $1,219.89 (0.88) (31.83)
24. Fairfield Redstone Fund, Ltd. Class A-1 Restricted Fundamental Long/Short Equity As of 12/19/08 $1,374.87 (0.64) (31.73)
25. Fairfield Renaissance Institutional Equities Fund, Ltd. (EUR) (1) Quantitative Long/Short Equity As of 12/19/08 €852.03 (2.70) (19.86)
26. Fairfield Renaissance Institutional Equities Fund, L.P. (1) Quantitative Long/Short Equity As of 12/19/08 (2.67) (19.84)
27. Fairfield Renaissance Institutional Futures Fund, LP Quantitative Macro As of 12/19/08 0.92 (14.61)
28. Fairfield Renaissance Institutional Futures Fund, Ltd. Quantitative Macro As of 12/19/08 $851.35 0.90 (15.02)
29. Fairfield Renaissance Institutional Equities Fund, Ltd. (1) Quantitative Long/Short Equity As of 12/19/08 $883.32 (2.66) (20.40)
30. NGA Fairfield Limited (Initial Series) Distressed As of 12/19/08 $154.15 (4.40) (32.06)
31. Zweig-DiMenna International Limited Class A Long/Short Equity As of 12/19/08 $90,573.63 (2.57) (5.78)
32. Zweig-DiMenna International Limited Class B Long/Short Equity As of 12/19/08 $89,980.83 (2.57) (5.77)
33. Zweig-DiMenna Natural Resources Fund LP Long/Short Equity As of 12/19/08 (2.07) (12.37)
34. Zweig-DiMenna Natural Resources Fund Ltd. Long/Short Equity As of 12/19/08 $44,153.35 (2.07) (11.69)
35. Zweig-DiMenna Partners, L.P. Long/Short Equity As of 12/19/08 (2.30) (6.10)
36. Chester Global Emerging Markets Fund (USD) Fund of Funds As of 11/30/08 $72.64 (2.42) (28.51)
37. Chester Global Emerging Markets Fund (EUR) Fund of Funds As of 11/30/08 €71.93 (2.37) (28.07)
38. Chester Global Strategy Fund (USD) A2 Fund of Funds As of 11/30/08 $119.37 (5.24) (34.52)
39. Chester Global Strategy Fund (USD) A1 (2) Fund of Funds As of 11/30/08 $65.83 (5.29) (34.17)
40. Chester Global Strategy Fund (Euro) A2 Fund of Funds As of 11/30/08 €113.04 (4.28) (34.33)
41. Chester Global Strategy Fund (EUR) A1 Fund of Funds As of 11/30/08 €66.06 (4.33) (33.94)
42. Chester Global Strategies Fund, LP Fund of Funds As of 11/30/08 (4.74) (29.80)
43. Irongate Absolute Limited (USD) A2 (4) Fund of Funds As of 11/30/08 $82.59 (1.87) (17.41)
44. Irongate Global Strategy Fund (Euro) A1 Fund of Funds As of 11/30/08 €66.31 (4.90) (33.69)
45. Chester Horizons Fund (USD) Fund of Funds As of 11/30/08 $91.61 (6.59) (36.37)
46. Chester Horizons Fund (Euro) Fund of Funds As of 11/30/08 €87.40 (6.54) (36.44)
47. Chester Horizons Fund (SGD) Fund of Funds As of 11/30/08 141.11 (6.63) (29.45)
48. Irongate Global Strategy Fund (USD) A2 Fund of Funds As of 11/30/08 $107.94 (5.34) (33.67)
49. Irongate Global Strategy Fund (USD) A1 (3) Fund of Funds As of 11/30/08 $68.93 (5.39) (31.07)
50. Irongate Global Strategy Fund (GBP) A2 Fund of Funds As of 11/30/08 83.31 (6.14) (33.61)
51. Irongate Global Strategy Fund (Euro) A2 Fund of Funds As of 11/30/08 €101.91 (4.85) (33.79)
52. Irongate Global Strategy Fund (SGD) A2 Fund of Funds As of 10/31/08 Final 170.28 (13.99) (24.32)
(1) Performance is for an existing investor. For a first month investor, refer to the offering memorandum. (2) Commenced operations 3/1/2008 (3) Commenced operations 5/1/2008 (4) Commenced operations 6/1/2008.
All returns presented in this document are net of advisory fees, expenses and performance fees or allocations. This document is provided for informational purposes only on a confidential basis to the recipient. The information
contained in this document is preliminary and subject to revision. Under no circumstances is it to be construed as a solicitation to buy, hold or sell shares of any of the funds listed on this document. Shares of any fund will only be issued on
the basis of a current prospectus. Past performance is not necessarily indicative of future performance.
Investment in any of the Funds is speculative and involves a high degree of risk. There can be no assurance that the Fund's investment objective will be achieved, and investment results may vary substantially from year to year.
Some of the Funds, or the sub-funds in which a Fund invests, may utilize leverage and the Fund's performance may be volatile. An investor could lose all or substantially all of his or her investment. The fees and expenses of the Fund may
offset the Fund's trading profits. Prospective investors should carefully review the risks described in a Fund's Confidential Offering Memorandum. In the U.S., securities are offered through Fairfield Heathcliff Capital LLC, a broker-dealer
and member FINRA and SIPC. Fairfield Greenwich (UK) Limited is authorized and regulated by the Financial Services Authority.

2. Fairfield Greenwich Group
Estimated Weekly NAV Report
55 East 52nd Street, 33rd Floor, New York, NY 10055 Tel: (212) 319-6060 Fax: (212) 319-0450 E-mail: mail@fggus.com
Pollen House 10-12 Cork Street, London W1S 3NP Tel: +44 20 7534 9244 Telefax: +44 20 7534 9245
12 Church Street, Suite 606, Hamilton, Bermuda HM 11 Tel: (441) 292-5401 Fax: (441) 292-5413
Fund Fund Type Date NAV MTD YTD
Index Valuations as of 12/19/2008 (Indices)
S&P 500 Index (0.93) (39.53)
Vanguard Total Bond Market Index 5.02
(1) Performance is for an existing investor. For a first month investor, refer to the offering memorandum. (2) Commenced operations 3/1/2008 (3) Commenced operations 5/1/2008 (4) Commenced operations 6/1/2008.
All returns presented in this document are net of advisory fees, expenses and performance fees or allocations. This document is provided for informational purposes only on a confidential basis to the recipient. The information
contained in this document is preliminary and subject to revision. Under no circumstances is it to be construed as a solicitation to buy, hold or sell shares of any of the funds listed on this document. Shares of any fund will only be issued on
the basis of a current prospectus. Past performance is not necessarily indicative of future performance.
Investment in any of the Funds is speculative and involves a high degree of risk. There can be no assurance that the Fund's investment objective will be achieved, and investment results may vary substantially from year to year.
Some of the Funds, or the sub-funds in which a Fund invests, may utilize leverage and the Fund's performance may be volatile. An investor could lose all or substantially all of his or her investment. The fees and expenses of the Fund may
offset the Fund's trading profits. Prospective investors should carefully review the risks described in a Fund's Confidential Offering Memorandum. In the U.S., securities are offered through Fairfield Heathcliff Capital LLC, a broker-dealer
and member FINRA and SIPC. Fairfield Greenwich (UK) Limited is authorized and regulated by the Financial Services Authority.