The document provides performance updates and summaries for two hedge fund portfolios managed by Golden Globe Asset Management: NOVA and Starburst. For NOVA, it includes a histogram of simulated monthly returns from 2003-2009 showing it achieved positive returns every year. For Starburst, it provides simulated drawdown analysis showing the largest peak to valley was 3.24% over 2 months from December 2001 to February 2002. The document discusses Golden Globe's manager selection process and post-investment monitoring to ensure stability.