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Hedge Weekly N49

Investment Funds Performance Review

HSBC Alternative Investment Group


Week of Monday 30 Nov to Friday 04 Dec 2015

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

Index by Strategies

Index by Funds

Top/Bottom 20

Newsletter

12

About This Document

54

Past performance is not a reliable indicator of future performance.

HSBC Alternative Investment Group

Convertible Arbitrage
Convertible

12

Credit Long/Short
Credit

13
18

Equity Long/Short
Equity-Commodity
Equity-Diversified
Equity-Energy
Equity-Financial
Equity-Healthcare
Equity-Mid-Small Cap
Equity-Pharma-Biotech
Equity-Technology
Equity-Utility

20
20
27
28
28
29
29
30
30

Event Driven
Equity-Diversified
Merger-Arbitrage
Multi-Strategy

31
31
31

Currency
Systematic

42
44

Market Neutral
Discretionary
Equity Diversified
Multi-Strategy
Statistical Arbitrage
Systematic

45
46
46
47
47

Merger Arbitrage
Merger-Arbitrage

48

Multi-Strategy
Credit
Diversified

49
49

Volatility Arbitrage
Arbitrage

Fixed Income Arbitrage


Fixed Income

37
37
38
41
41

Managed Futures

Distressed
Distressed Security

Commodity-Systematic
Currency
Diversified
Fixed Income
Systematic

53

33

Fund of Funds
Arbitrage
Event Driven
Macro
Multi-Strategy
Trading

34
34
34
35
35

Long Only
Equity-Diversified

36

Macro
Commodity
Past performance is not a reliable indicator of future performance.
Source - HSBC

37
HSBC Alternative Investment Group

4
400 CAPITAL CREDIT OPPORTUNITI

17

ALPHAGEN VOLANTIS FUND, LTD -

29

BLACKROCK 32 CAPITAL MASTER FU

47

CANDLEWOOD SPECIAL SITUATIONS

18

ALTAI CAPITAL PARTNERS OFFSHOR

31

BLACKROCK CAPITAL STRUCTURE IN

50

CANDLEWOOD STRUCTURED CREDIT F

15

AMAZON MARKET NEUTRAL FUND CLA

45

BLACKROCK EUROPEAN DIVERSIFIED

46

CANDLEWOOD STRUCTURED CREDIT H 15

ANAVON MASTER FUND LTD CLASS -

23

BLACKROCK FIXED INCOME GLOBAL

33

CANOSA GLOBAL MACRO FUND LTD

39

ANDALUSIAN CORPORATE OPPORTUNI

31

BLACKROCK OBSIDIAN FUND

33

CANTAB CAPITAL PARTNERS QUANTI

42

ANDURAND COMMODITIES FUND

37

BLACKROCK PAN ASIA OPPORTUNITI

46

CANYON BALANCED FUND LTD

49

A.R.T. INTERNATIONAL INVESTOR

47

ANTARES EUROPEAN FUND, LTD - U

21

BLACKROCK UK EQUITY HEDGE FUND

26

CANYON VALUE REALIZATION FD, L

18

ABACO FINANCIALS FUND

28

APERIOS EMERGING CONNECTIVITY

21

BLUEBAY CREDIT ALPHA LONG SHOR

15

CAPEVIEW AZRI 2X FUND

21

ABRAX MERGER ARBITRAGE S.G. FU

48

AQUILUS INFLECTION FUND LTD E

21

BLUEBAY EMERGING MARKET CORPOR 13

CAPEVIEW AZRI FUND

21

ABSOLUTE INSIGHT CREDIT FUND B

13

ARISTEIA INTERNATIONAL LTD

14

BLUEBAY EMERGING MARKET OPPORT

13

CAPEVIEW RECOVERY FUND

13

ABSOLUTE INSIGHT EMERGING MARK

13

ARROWGRASS MASTER FUND

49

BLUEBAY EVENT DRIVEN CREDIT FU

18

CAPITAL FOUR CREDIT OPPORTUNIT

13

ABSOLUTE INSIGHT UK EQUITY MKT

45

ASCEND PARTNERS FUND II LTD -

26

BLUEMATRIX FUND CLASS -A- USD

47

CAPULA GLOBAL RELATIVE VALUE F

33

ACUITY CORPORATE OPPORTUNITY F

17

ASGARD FIXED INCOME FUND LTD

14

BLUEMOUNTAIN CREDIT ALTERNATIV

15

CARLYLE LIQUID TACTICAL FUND

23

ADELPHI EUR. FUND $ (A)

21

ASPECT DIVERSIFIED FUND - CLAS

42

BLUEMOUNTAIN EQUITY ALTERNATIV

53

CARLYLE TREND FOLLOWING FUND

42

ADRIGO HEDGE

21

ATLAS ENHANCED FUND LTD

49

BLUEMOUNTAIN LONG SHORT EQUITY

23

CASSIOPEIA FUND CLASS C

53

ADVENT HEDGED CONVERTIBLE STRA

12

ATLAS FUNDAMENTAL TRADING FUND

23

BLUETREND FUND, LTD -USD- CLAS

42

CAXTON GLOBAL INVESTMENT LTD

39

AG MORTGAGE VALUE PARTNERS LTD

14

ATLAS GLOBAL INVESTMENTS LTD U

50

BNY MELLON ARX BRAZIL FUND SPC

20

CCI HEALTHCARE PARTNERS LTD

28

AG SUPER FUND INTERNATIONAL, L

31

ATREAUS OVERSEAS FUND LTD

38

BORONIA DIVERSIFIED FUND MASTE

42

CCI MICRO HEALTHCARE PARTNERS

28

AHL EVOLUTION

42

AXONIC CREDIT OPPORTUNITIES OV

15

BOUSSARD & GAVAUDAN HOLDING LT

50

CERBERUS INTL. LTD CLASS A A/

18

AHL ALPHA

42

AXONIC SYSTEMATIC ARBITRAGE OV

33

BREVAN HOWARD ASIA FUND LIMITE

38

CHENAVARI CORPORATE CREDIT STR

15

AHL DIMENSION

49

BREVAN HOWARD FUND, LTD - USD

38

CHENAVARI MULTI STRATEGY CREDI

49

AHL DIVERSIFIED

42

BREVAN HOWARD M/S FUND, LTD

50

CHENAVARI REGULATORY CAPITAL S

14

AJR INTERNATIONAL (BVI), INC.

26

BREVAN HOWARD SYSTEMATIC TRADI

42

CHENAVARI TORO LIMITED

14

BRIGADE LEVERAGED CAPITAL STRU

17

CLAREANT STRUCTURED CREDIT OPP

15

BRUMMER MULTISTRATEGY 2XL, LTD

50

CLAREANT STRUCTURED CREDIT OPP

15

BTG PACTUAL GLOBAL EM. MKTS AN

38

COBALT OFFSHORE LTD

26

COHERENCE CAPITAL SPECTRUM FUN

15

AKAMATSU FUND

25

ALCENTRA GLOBAL SPECIAL SITUAT

14

ALLBLUE LIMITED

49

ALLIANCE BERNSTEIN SELECT US E

26

ALPHA4X CAPITAL GROWTH FUND

38

ALPHADYNE INVESTMENT STRATEGIE

38

ALPHAGEN HOKUTO FUND LTD - CLA

25

ALPHAGEN JAPAN ABS RETURN FD,

25

ALPHAGEN OCTANIS CLASS A

26

B
BAF LATAM TRADE FINANCE FUND

13

BASSO INVESTORS LTD

12

BAY RESOURCES PARTNERS OFFSHOR 26


BCM WESTON LP (BILLINGS CAPITA

26

BEACH POINT TOTAL RETURN OFFSH

17

BEACONLIGHT OFFSHORE FUND LTD

23

BLACK DIAMOND RELATIVE VALUE L

45

CAIRN SPECIAL OPPORTUNITIES CR

13

BLACK DIAMOND, LTD - CLASS B (

50

CAIRN STRATA CREDIT FOCUS FUND

13

BLACKROCK EOS CLASS B USD COM

47

CAMPBELL GLOBAL ASSETS FUND LT

42

BLACKROCK MULTI-STRATEGY FUND


Past performance is not a reliable indicator of future performance.
Source - HSBC

50

CAMPBELL GLOBAL ASSETS FUND LT

COMMONWEALTH OPPORTUNITY CAYMA 39

42

CONQUEST MACRO FUND, LTD (COMP

42

CONTRARIAN CAPITAL FUND I OFFS

18

CONTRARIAN EMERGING MARKETS OF

13

COOPER CREEK PARTNERS LLC

29

HSBC Alternative Investment Group

COVALIS CAPITAL CLASS B

21

EIFFEL CREDIT OPPORTUNITIES FU

14

GEMS PROGR. FUND SICAV RECOVER

34

HARBOUR HOLDINGS LTD

29

CQS ABS FEEDER FUND - CLASS -B

15

ELECTRON GLOBAL FUND, L.P.

30

GIM PORTFOLIO STRATEGIES Eur

21

HARMONIC ALPHA PLUS MACRO FUN

39

CQS DIRECTIONAL OPP. FEEDER FU

50

ELEMENT CAPITAL FUND

39

GLADE BROOK GLOBAL OFFSHORE FU

24

HARNESS MACRO CURRENCY FUND

37

CQS DIVERSIFIED FUND (SPC) LTD

50

ELLINGTON CREDIT OPPORTUNITIES

15

GLAZER ENHANCED OFFSHORE FUND

48

HARVEY PARTNERS LLC

29

CRABEL FUND SPC LTD CLASS A

43

ELLINGTON MORTGAGE OPPORTUNITI

15

GLENVIEW CAPITAL PARTNERS (CAY

27

HIGHBRIDGE CAPITAL CORPORATION

50

CYGNUS UTILITIES, INFRASTRUCTU

30

ELM RIDGE CAPITAL PARTNERS L.P

26

GLG CROSS ASSET VALUE OFFSHORE

14

HIGHER MOMENT AURORA FUND,LP

41

EPISODE INC. CLASS A

39

GLG EUROPEAN EQUITY ALTERNATIV

46

HIGHER MOMENT CAPITAL OPPORTUN

41

EQUILIBRIA JAPAN FUND LTD 1X U

45

GLG EUROPEAN LONG SHORT FUND C

22

HORSEMAN GLOBAL FUND USD

24

EQUILIBRIA JAPAN FUND LTD 2X (

45

GLG MARKET NEUTRAL FUND - CLAS

50

HSBC CREDIT MARKET OPPORTUNITI

34

D
DAVIDSON KEMPNER DIST. OPP. IN

18

DAVIDSON KEMPNER INTL, LTD - C

31

DB PLATINUM IV DBX SYSTEMATIC

43

DB PLATINUM IV MW HELIUM

43

DIAMOND CAPITAL MANAGEMENT

34

EURO MANAGED CURRENCY PLUS FUN 37

GLOBAL FOCUSSED STRATEGIES FUN

50

HSBC GH FUND USD

35

EXANE ARCHIMEDES FUND CLASS A

30

GOLDEN CHINA FUND NR CLASS

20

HSBC LEVERAGED GH FUND

35

EXANE TEMPLIERS FUND

24

GRAHAM ABSOLUTE RETURN TRADING

39

HSBC MAA FUND USD

34

GRAHAM GIF II PROPRIETARY MATR

43

HSBC SPECIAL OPPORTUNITIES FUN

34

GRAHAM GLOBAL INVESTMENT FUND

39

HSBC TRADING ADVANTEDGE FUND

35

GRAHAM GLOBAL INVESTMENT FUND

43

HSBC UCITS ADVANTEDGE FUND -US

35

GRAHAM GLOBAL INVESTMENT FUND

43

HUDSON BAY INTERNATIONAL FUND

46

GRAHAM GLOBAL INVESTMENT FUND

43

HUTCHIN HILL DIVERSIFIED ALPHA

50

GRAHAM GLOBAL INVESTMENT FUND-

39

GRANADA EUROPE FUND LTD

22

GRATICULE ASIA MACRO FUND

38

GREEN FUND LLC

38

GREEN T G2 FUND

15

GREENLIGHT CAPITAL OFFSHORE, L

27

GREYWOLF CAPITAL OVERSEAS FUND

31

GSA INTERNATIONAL FUND - CLASS

47

GSA TREND RISK PREMIA FUND

43

DISCUS FEEDER LTD CL. B USD ST

43

DORSET ENERGY FUND, LTD - CLAS

27

FARRINGDON ALPHA ONE

24

DOUBLE BLACK DIAMOND LTD - SER

50

FINISTERRE CREDIT FUND

13

DROMEUS GLOBAL OPPORTUNITIES F

31

FINISTERRE GLOBAL OPPORTUNITY

38

DUET EM FRONTIER FUND

21

FIREBIRD NEW RUSSIA FUND, LTD

26

DUET GLOBAL PLUS FUND

23

FIREBIRD REPUBLICS FUND, LTD

21

DUNN WMA FUND, SA

43

FJ CAPITAL FINANCIAL OPPORTUNI

26

DUNN WMA INSTITUTIONAL UCITS F

43

FORT GLOBAL DIVERSIFIED

43

DW CATALYST OFFSHORE FUND -A -

15

FORTRESS MACRO FUND LTD. CLAS

39

DW VALUE OFFSHORE FUND LTD

15

DYMON ASIA MACRO FUND (SERIES

37

G
GABELLI ASSOCIATES LIMITED

48

GAM DIVERSITY I INC - US$ CLAS

34

EAGLE DIRECTIONAL MACRO

41

GAM GLOBAL RATES HEDGE FUND

39

EAGLE GLOBAL

43

GAM TALENTUM ENHANCED EUROPE L

46

EAGLE QUANTITATIVE MACRO

41

GAM TRADING II USD

34

ECLECTICA FUND CLASS A EURO (T

39

GAMUT INVESTMENTS

39

ECOFIN VISTA LONG SHORT FUND

23

GAVEA FUND LTD . CLASS A S/1

38

Past performance is not a reliable indicator of future performance.


Source - HSBC

III FUND LTD

33

III RELATIVE VALUE CREDIT STRA

33

III SELECT CREDIT FUND LTD CLA

15

IP ALL SEASONS ASIAN CREDIT FU

13

ISAM SYSTEMATIC TREND FUND CLA

43

IVORY CAPITAL FLAGSHIP STRATEG

27

IVORY OPTIMAL FUND LTD

27

HABROK LTD

24

HALCYON OFF. ASSET-BACKED VALU

19

HALCYON PARTNERS OFFSHORE FUND 50


HALKIN ACCURATE FX INCOME INDE

JABCAP EMEA FUND CLASS X1

21

JABCAP GLOBAL BALANCED FUND LT

51

JABCAP GLOBAL CONVERTIBLE FUND

12

HSBC Alternative Investment Group

41

JABCAP MULTI STRATEGY FUND LTD

51

LUCERNE CAPITAL FUND L.P.

22

MIDOCEAN CREDIT OPPORTUNITY FU

17

JENOP GLOBAL HEALTHCARE FUND L

28

LUCIDUS LEVERAGED CREDIT FUND

16

MILLBURN COMMODITY PROGRAM

37

LYNX (BERMUDA) LTD

43

MILLBURN DIVERSIFIED PROGRAM

44

LYNX BERMUDA 1.5 LTD

44

MILLENNIUM INTL LTD

51

MKP CREDIT OFFSHORE FUND

16

MKP ENHANCED OPPORTUNITY OFFSH

39

MKP OPPORTUNITY OFFSHORE, LTD

40

MLIS - BEACH POINT DIVERSIFIED

16

MLIS - CCI HEALTHCARE LONG SHO

28

MLIS - GRAHAM CAPITAL SYSTEMAT

44

MLIS - MARSHALL W. TOPS UCITS

45

MLIS - OZ EUROPE UCITS FUND CL

31

MLIS - THEOREMA EUROPEAN EQUIT

22

MLM MACRO PEAK PARTNERS OFFSH

40

MOAB PARTNERS OFFSHORE FUND LT

32

MOJNA ALPHA LEVERAGED MASTER F

22

MOJNA ALPHA MASTER FUND - EUR

22

MONARCH DEBT RECOVERY FUND LTD

18

MONEDA LATIN AMERICAN CORPORAT

13

MOORE GLOBAL INV FD, LTD - A $

40

MOORE MACRO MANAGERS FUND, LTD

40

MS ASCEND UCITS FUND CLASS I E

24

MUDRICK DISTRESSED OPPORTUNITY

18

K
KEYNES LEVERAGED QUANTITATIVE

43

KG INVESTMENT FUND LLC

31

KINGDON CREDIT LTD A1/1

16

M. KINGDON OFFSHORE NV - A/1

24

KINSALE COMPASS FUND

24

MACQUARIE ASIAN ALPHA FUND

46

KITE LAKE (KL) SPECIAL OPPORTU

32

MACQUARIE EUROPEAN ALPHA FUND

46

KLS DIVERSIFIED FUND LTD

33

MADRAGUE EQUITY LONG SHORT

22

MAN AHL CURRENCY FUND DN USD

L
LANSDOWNE DEVELOPED MARKET FUN 24
LANSDOWNE EUROPEAN EQUITY FD,

22

LANSDOWNE GLOBAL FINANCIALS FU

28

LAZARD GLOBAL HEXAGON FUND

24

LAZARD RATHMORE FUND - CLASS A

12

LC EQUITY FUND LTD

22

LEGG MASON MARTIN CURRIE GF EU

22

LIGHTHORSE CHINA GROWTH FUND L

20

LIM ASIA MULTI-STRATEGY FUND C

46

LIM JAPAN FUND

52

LINDEN INTERNATIONAL LTD

51

LION FUND, LTD (THE)

48

LMR ALPHA RATES TRADING FUND,

33

LMR FUND LTD

51

LNG EUROPA CREDIT FUND

14

LONDON DIVERSIFIED FUND, LTD -

33

LONDON SELECT FUND LIMITED

39

LOOMIS SAYLES CREDIT LONG SHOR

16

LOREM IPSUM MASTER FUND LP

24

MAN GLG MULTI-STRATEGY CLASS M

51

MAN GLG MULTI-STRATEGY FUND CL

51

MARATHON VERTEX JAPAN FD, LTD

25

MARCATO INTERNATIONAL LTD

31

MARINUS OPPORTUNITIES FUND

17

MARK PARTNERS LP

27

MARKHAM RAE I SUB FUND

41

MARLIN FUND LP

27

MARSHALL WACE - EUROPA FUND A

22

MARSHALL WACE - MW TOPS FUND

22

MARSHALL WACE - MW EUREKA A1 E

24

MARSHALL WACE - MW GLOBAL FINA

28

MARSHALL WACE - MW GLOBAL OPPO

24

MARSHALL WACE - MW MARKET NEUT

45

MARTIN CURRIE ARF - JAPAN FUND

25

NAPIER PARK EUROPEAN CREDIT OP

MASTERS FUND LTD MAGNOLIA SERI

34

NEUBERGER BERMAN US LONG SHORT 27

MAVERICK FUND, LTD - CLASS A/1

24

NEVSKY FUND PLC (COMPOSITE)

24

MELLON OFF GLOB OPP FUND LTD -

39

NEZU CYCLICALS FUND LTD

20

MERCHANT COMMODITY FUND (THE)

37

NORDIC ALPHA CLASS B - NOK

22

MERRICKS CAPITAL SOFT COMMODIT

37

NORTHLIGHT EUROPEAN FUNDAMENTA 14

MIDOCEAN ABSOLUTE RETURN CREDI

17

NUMEN CREDIT OPPORTUNITIES FUN

Past performance is not a reliable indicator of future performance.


Source - HSBC

42

N
14

O
OBSERVATORY CREDIT MARKETS FUN

14

OCCO EASTERN EUROPEAN FUND A S

21

OCEANIC HEDGE FUND - CLASS A

20

OCP DEBT OPPORTUNITY INTERNATI

18

OCTAGON HIGH INCOME FUND

17

OCTAGON PAN ASIA FUND

20

ODEY EUROPEAN, INC (EUR)

22

OKUMUS OPPORTUNISTIC VALUE FUN

27

OMEGA OVERSEAS PARTNERS, LTD

27

OMNI MACRO FUND I LIMITED

40

ONE WILLIAM STREET CAPITAL FUN

16

ONEWALL GLOBAL FUND

40

ONSLOW MACRO FUND CLASS A

40

ORTUS FUND (CAYMAN) LTD

42

OWL CREEK OVERSEAS FUND, LTD

32

OWS CREDIT OPPORTUNITY FUND

18

OYSTER MARKET NEUTRAL EUR

45

P
PALOMA INTERNATIONAL LTD CLASS

51

PAMPLONA CREDIT OPPORTUNITIES

14

PARUS FUND PLC USD CLASS

24

PASSPORT GLOBAL STRATEGY FUND

25

PASSPORT LONG SHORT STRATEGY F

25

PASSPORT SPECIAL OPPORTUNITIES

25

PEGASUS FUND LIMITED SHARES A-

26

PELAGUS CAPITAL FUND

33

PELHAM LONG/SHORT FUND LTD CLA

22

PENSATO EUROPA FUND LTD EURO C

22

HSBC Alternative Investment Group

49

PERCEPTIVE LIFE SCIENCES OFFSH

29

PERSHING SQUARE INTL.LTD

32

PHALANX JAPAN AUSTRALASIA MULT

49

PHARO GAIA FUND, LTD

38

PHARO MACRO FUND, LTD

40

PHARO TRADING FUND, LTD

38

PIMCO ABSOLUTE RETURN STRATEGY

40

PIMCO GLOBAL CREDIT OPPORTUNIT

16

PIMCO MULTI-ASSET VOLATILITY F

53

PIMCO TACTICAL OPPORTUNITIES F

16

PINE RIVER CONVERTIBLES FUND

12

PINE RIVER FIXED INCOME FUND L

16

PINE RIVER FUND CLASS -B1- SHA

51

PINE RIVER LIQUID RATES FUND

33

PINPOINT CHINA FUND CLASS A US

20

R
RAVEN ROCK CREDIT OFFSHORE FUN

17

RBR EUROPEAN LONG SHORT LTD (E

23

REAL RETURN ASIAN FUND LTD (TH

20

REDWOOD OFFSHORE FUND

19

RENAISSANCE INSTITUTIONAL DIVE

51

RENAISSANCE INSTITUTIONAL EQUI

27

RESIDENTIAL REAL ESTATE TOTAL

16

ROY G. NIEDERHOFFER DIVERSIFIE

44

RP DEBT OPPORTUNITIES FUND

16

RP SELECT OPPORTUNITIES FUND

16

RUBICON GLOBAL FUND, LTD

40

RUSSIAN PROSPERITY FUND - A

36

RV CAPITAL ASIA OPPORTUNITY FU

38

RWC GLOBAL INNOVATION ABSOLUTE

25

SENVEST PARTNERS, LTD - CLASS

29

THE CAMBRIDGE STRATEGY - EMERG

37

SERONE KEY OPPORTUNITIES FUND

14

THREADNEEDLE UK ABSOLUTE ALPHA

26

SFP VALUE REALIZATION FUND

25

TIG ARBITRAGE ENHANCED FUND

31

SIERRA EUROPE OFFSHORE, LTD -

23

TIG SECURITIZED ASSET FUND LTD

17

SILVER POINT CAPITAL OFFSHORE

18

TILDEN PARK OFFSHORE INVESTMEN

17

SINFONIETTA FUND

38

TONGA PARTNERS LP

29

SIVIK GLOBAL HEALTHCARE OFFSHO

29

TOSCA CLASS A - USD

28

SKYLINE UCITS FUND INSTITUTION

21

TRADELINK INTEGRATED PROGRAM L

44

SMN DIVERSIFIED FUTURES FUND

44

TREND MACRO OFFSHORE LTD

40

SOLAISE SYSTEMATIC FUND LTD (

44

TRIAN PARTNERS LTD

32

SOLUS SOLA LTD CL. I

32

TRIAS L/S FUND

23

SOMERSET SPECIAL OPPORTUNITIES

32

TRICADIA CREDIT STRATEGIES, LT

17

SOUND POINT BEACON OFFSHORE FU

18

TRISHIELD SPECIAL SITUATIONS F

32

SPF CREDIT SUISSE SECURITIZED

16

TRISTAN PARTNERS LP

29

SPINNAKER GLOB OPP FUND, LTD C

38

TT INTERNATIONAL FUND

40

SPINNAKER GLOBAL EMERGING MARK

49

TT LONG/SHORT FOCUS FUND

23

SR GLOBAL FUND (Class N) Emerg

21

TT MID-CAP EUROPE LONG/SHORT F

23

SR GLOBAL FUND C - INTERNATION

25

TUDOR B.V.I GLOBAL FUND LTD -A

40

PINPOINT MULTI-STRATEGY FUND

40

PLATINUM FUND LTD

25

PLATINUM PARTNERS VALUE ARBITR

51

POLAR CAPITAL EUROP CONVICTION

23

SR GLOBAL FUND H - JAPAN (Real

26

TUDOR BVI GLOBAL FUND LTD CLAS

40

POLAR CAPITAL EUROPEAN FORAGER

29

SR GLOBAL FUND INC - G - GLOBA

25

TUDOR DISCRETIONARY MACRO FUND

41

PORTLAND HILL OVERSEAS FUND LT

31

SR PHOENICIA INC CLASS -A- SER

25

TULIP TREND FUND, LTD - A

44

RWC SAMSARA FUND CLASS A EURO

23

RWC US ABSOLUTE ALPHA FUND - C

27

POTOMAC RIVER CAPITAL MASTER F

40

SAB OVERSEAS FUND LTD

STANDARD PACIFIC CAPITAL -B-

25

TWO SIGMA ABSOLUTE RETURN FUND

46

PROLOGUE FEEDER FUND, LTD. CLA

33

SABA CAPITAL OFFSHORE FUND LTD

16

STK CAPITAL GLOBAL EQUITIES

25

TWO SIGMA COMPASS CAYMAN FUND

44

PROSIRIS GLOBAL OPPORTUNITIES

16

SAGIL LATIN AMERICAN OPPORTUNI

21

STRATEGIC VALUE RESTRUCTURING

18

TYRUS CAPITAL EVENT FUND LTD

32

PSAM REBOUND PORTFOLIO FUND LT

18

SALAR CONVERTIBLE ABSOLUTE RET

12

STRATUS FUND LIMITED CLASS B

51

PSAM WORLDARB MASTER FUND LTD

32

SANCTUM FIXED INCOME FUND

33

SUSA EUROPEAN EQUITIES FUND CL

23

PWP GLOBAL MACRO FUND

40

SCHRODER CAZENOVE UK ABSOLUTE

45

SCHRODER ISF EMERGING MARKET D

13

SEER CAPITAL PARTNERS OFFSHORE

16

SEGANTII ASIA-PACIFIC EQUITY M

49

SELIGMAN TECH SPECTRUM FUND CL

30

Q
QMS DIVERSIFIED GLOBAL MACRO

44

QUAM CHINA FOCUS SEGREGATED PO

20

QVT OFFSHORE LTD CLASS 1-NR

51

SEMINOLE OFFSHORE FUND

Past performance is not a reliable indicator of future performance.


Source - HSBC

27

27

U
UMJ KOTOSHIRO FUND

T
TELLIGENT GREATER CHINA FUND

20

TEWKSBURY INVESTMENT FUND, LTD

44

THE CAMBRIDGE STRATEGY - APOLL

38

THE CAMBRIDGE STRATEGY - ASIAN

37

26

V
VARDEN PACIFIC OPPORTUNITY OFF

17

VERITION MULTI-STRATEGY FUND C

51

HSBC Alternative Investment Group

VISIUM BALANCED OFFSHORE FUND

29

VISIUM GLOBAL OFFSHORE FUND LT

51

VISIUM INSTITUTIONAL PARTNERS

28

VR GLOBAL OFFSHORE FUND LTD

18

W
WEISS MULTI-STRATEGY PARTNERS

51

WELLINGTON MANAGEMENT INV BERM

28

WELTON GLOBAL DIRECTIONAL PORT

44

WF ASIA FUND LTD S/1

20

WHITEBOX MULTI-STRATEGY FUND

32

WINTON EVOLUTION FUND (THE)

44

WINTON FUTURES FUND - CLASS B

44

WYETREE EUROPEAN RECOVERY FUND 14


WYETREE YIELD DISTRIBUTION FUN

17

Z
ZADIG FUND CLASS A1

23

ZEAL CHINA FUND LTD - USD -NI

20

ZWEIG-DIMENNA INTL LIMITED - C

27

Past performance is not a reliable indicator of future performance.


Source - HSBC

HSBC Alternative Investment Group

Top
Investment Funds

Bottom
Date

Investment Funds

PERCEPTIVE LIFE SCIENCES OFFSH FUND, LTD

Return
32.38

30 Nov 15

ALTAI CAPITAL PARTNERS OFFSHORE, LTD

-32.47

31 Oct 15

SEGANTII ASIA-PACIFIC EQUITY MULTI-STRATEGY FUND

32.33

27 Nov 15

DORSET ENERGY FUND, LTD - CLASS A

-31.09

30 Nov 15

HIGHER MOMENT CAPITAL OPPORTUNITIES, LP

31.13

31 Oct 15

ELM RIDGE CAPITAL PARTNERS L.P.

-23.62

30 Nov 15

TT LONG/SHORT FOCUS FUND

25.71

30 Nov 15

20 Nov 15

25.68

27 Nov 15

THE CAMBRIDGE STRATEGY - APOLLO (EM MACRO)


ABSOLUTE RETURN

-20.23

AMAZON MARKET NEUTRAL FUND CLASS A USD


ALCENTRA GLOBAL SPECIAL SITUATIONS FUND

24.41

31 Oct 15

GREENLIGHT CAPITAL OFFSHORE, LTD - A/1

-20.14

30 Nov 15

LANSDOWNE EUROPEAN EQUITY FD, LTD - A (EUR)

24.29

20 Nov 15

GOLDEN CHINA FUND NR CLASS

21.90

30 Nov 15

CAPEVIEW AZRI 2X FUND

21.65

27 Nov 15

Return

Date

MUDRICK DISTRESSED OPPORTUNITY FUND LTD

-18.86

30 Nov 15

FORTRESS MACRO FUND LTD. CLASS A

-17.47

30 Sep 15

GLENVIEW CAPITAL PARTNERS (CAYMAN), LTD.

-16.99

30 Nov 15

ANDALUSIAN CORPORATE OPPORTUNITIES FUND LP

-16.89

31 Oct 15

PASSPORT SPECIAL OPPORTUNITIES FUND LTD CLASS


AA

21.53

31 Oct 15

PERSHING SQUARE INTL.LTD

-16.78

24 Nov 15

TRIAS L/S FUND

21.52

31 Oct 15

ODEY EUROPEAN, INC (EUR)

-15.94

30 Nov 15

ELEMENT CAPITAL FUND

20.96

31 Oct 15

30 Nov 15

19.71

02 Dec 15

SKYLINE UCITS FUND INSTITUTIONAL SHARE CLASS


(MontLake)

-14.65

MILLBURN COMMODITY PROGRAM


SFP VALUE REALIZATION FUND

19.10

30 Nov 15

POLAR CAPITAL EUROP CONVICTION FUND LIMITED

-14.64

27 Nov 15

TRISHIELD SPECIAL SITUATIONS FUND LLC

-13.72

31 Oct 15

GREYWOLF CAPITAL OVERSEAS FUND

-12.87

31 Oct 15

SENVEST PARTNERS, LTD - CLASS A

-12.42

30 Nov 15

OMEGA OVERSEAS PARTNERS, LTD CLASS A

-12.02

30 Sep 15

LYNX BERMUDA 1.5 LTD

-11.34

24 Nov 15

ABRAX MERGER ARBITRAGE S.G. FUND

19.05

31 Oct 15

GSA TREND RISK PREMIA FUND

17.84

20 Nov 15

MARATHON VERTEX JAPAN FD, LTD CLASS B

17.24

20 Nov 15

PORTLAND HILL OVERSEAS FUND LTD

17.19

30 Nov 15

OKUMUS OPPORTUNISTIC VALUE FUND, LTD CLASS A

17.13

30 Nov 15

MAN AHL CURRENCY FUND DN USD

16.98

27 Nov 15

CANDLEWOOD SPECIAL SITUATIONS FUND LTD

-10.87

31 Oct 15

SAB OVERSEAS FUND LTD

-10.45

31 Aug 15

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

Top
Investment Funds

Bottom
Date

Investment Funds

ISAM SYSTEMATIC TREND FUND CLASS A

Return
61.95

31 Dec 14

RUSSIAN PROSPERITY FUND - A

Return

MERCHANT COMMODITY FUND (THE) - COMPOSITE

59.33

31 Dec 14

FIREBIRD NEW RUSSIA FUND, LTD - CLASS A

-34.59

31 Dec 14

MAN AHL CURRENCY FUND DN USD

58.05

31 Dec 14

DORSET ENERGY FUND, LTD - CLASS A

-27.20

31 Dec 14

-43.99

Date
31 Dec 14

SMN DIVERSIFIED FUTURES FUND

57.24

31 Dec 14

FIREBIRD REPUBLICS FUND, LTD

-22.64

31 Dec 14

LYNX BERMUDA 1.5 LTD

42.18

31 Dec 14

PEGASUS FUND LIMITED SHARES A-1

-15.72

31 Dec 14

CANTAB CAPITAL PARTNERS QUANTITATIVE FUND


(THE) - USD ARISTARCHUS

39.31

31 Dec 14

PHALANX JAPAN AUSTRALASIA MULTI-STRATEGY FUND


LTD

-12.87

31 Dec 14

ANDURAND COMMODITIES FUND

38.31

31 Dec 14

LANSDOWNE GLOBAL FINANCIALS FUND LTD. -N-USD

-12.32

31 Dec 14

PERSHING SQUARE INTL.LTD

37.24

31 Dec 14

ABACO FINANCIALS FUND

-11.47

31 Dec 14

TULIP TREND FUND, LTD - A

36.15

31 Dec 14

SABA CAPITAL OFFSHORE FUND LTD

-10.80

31 Dec 14

CARLYLE TREND FOLLOWING FUND

35.55

31 Dec 14

31 Dec 14

35.08

31 Dec 14

SKYLINE UCITS FUND INSTITUTIONAL SHARE CLASS


(MontLake)

-10.63

DUNN WMA FUND, SA


SEGANTII ASIA-PACIFIC EQUITY MULTI-STRATEGY FUND

34.88

31 Dec 14

LNG EUROPA CREDIT FUND

WELTON GLOBAL DIRECTIONAL PORTFOLIO

34.01

31 Dec 14

AHL DIVERSIFIED

33.79

31 Dec 14

GSA TREND RISK PREMIA FUND

32.59

31 Dec 14

ASPECT DIVERSIFIED FUND - CLASS A

32.05

31 Dec 14

GOLDEN CHINA FUND NR CLASS

30.02

31 Dec 14

SELIGMAN TECH SPECTRUM FUND CLASS -A1-S/2-2002

30.00

31 Dec 14

OKUMUS OPPORTUNISTIC VALUE FUND, LTD CLASS A

29.71

31 Dec 14

MILLBURN COMMODITY PROGRAM

28.09

31 Dec 14

-10.36

31 Dec 14

TT INTERNATIONAL FUND

-8.57

31 Dec 14

LION FUND, LTD (THE)

-8.29

31 Dec 14

QUAM CHINA FOCUS SEGREGATED PORTFOLIO

-8.20

31 Dec 14

OWL CREEK OVERSEAS FUND, LTD

-8.00

31 Dec 14

ONSLOW MACRO FUND CLASS A

-7.94

31 Dec 14

GLG MARKET NEUTRAL FUND - CLASS Z USD Unres

-7.43

31 Dec 14

RAVEN ROCK CREDIT OFFSHORE FUND LTD

-7.41

31 Dec 14

SOMERSET SPECIAL OPPORTUNITIES FUND LP

-7.02

31 Dec 14

CANOSA GLOBAL MACRO FUND LTD

-6.96

31 Dec 14

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

Top
Investment Funds

Bottom
Return

SFP VALUE REALIZATION FUND

82.12

Date

Investment Funds

31 Dec 13

CANTAB CAPITAL PARTNERS QUANTITATIVE FUND


(THE) - USD ARISTARCHUS

-27.65

31 Dec 13

ORTUS FUND (CAYMAN) LTD

-17.32

31 Dec 13

EAGLE GLOBAL

-15.88

31 Dec 13

SENVEST PARTNERS, LTD - CLASS A

79.39

31 Dec 13

MARLIN FUND LP

77.47

31 Dec 13

PEGASUS FUND LIMITED SHARES A-1

63.74

31 Dec 13

SR GLOBAL FUND H - JAPAN (Real Perf)

62.51

31 Dec 13

QUAM CHINA FOCUS SEGREGATED PORTFOLIO

61.80

31 Dec 13

CCI MICRO HEALTHCARE PARTNERS LTD

59.69

31 Dec 13

ALTAI CAPITAL PARTNERS OFFSHORE, LTD

52.07

31 Dec 13

BCM WESTON LP (BILLINGS CAPITAL MANAGEMENT)

50.32

31 Dec 13

OWL CREEK OVERSEAS FUND, LTD

48.63

31 Dec 13

CLAREANT STRUCTURED CREDIT OPPORTUNITIES


FUND II

48.08

31 Dec 13

Return

Date

BLUETREND FUND, LTD -USD- CLASS A

-11.50

31 Dec 13

MAN AHL CURRENCY FUND DN USD

-11.24

31 Dec 13

ISAM SYSTEMATIC TREND FUND CLASS A

-10.66

31 Dec 13

DISCUS FEEDER LTD CL. B USD STANDARD LEVERAGE

-10.32

31 Dec 13

EAGLE QUANTITATIVE MACRO

-10.32

31 Dec 13

EAGLE DIRECTIONAL MACRO

-9.64

31 Dec 13

HIGHER MOMENT CAPITAL OPPORTUNITIES, LP

-9.29

31 Dec 13

HSBC TRADING ADVANTEDGE FUND

-8.75

31 Dec 13

JABCAP GLOBAL BALANCED FUND LTD CLASS D/1 NI

47.80

31 Dec 13

HARMONIC ALPHA PLUS MACRO FUND - USD CLASS

-8.34

31 Dec 13

PASSPORT SPECIAL OPPORTUNITIES FUND LTD CLASS


AA

45.50

31 Dec 13

MILLBURN COMMODITY PROGRAM

-7.65

31 Dec 13

PERCEPTIVE LIFE SCIENCES OFFSH FUND, LTD

43.88

31 Dec 13

ALPHA4X CAPITAL GROWTH FUND

-7.33

31 Dec 13

-7.21

31 Dec 13

JABCAP MULTI STRATEGY FUND LTD CLASS D/1 NI

43.03

31 Dec 13

BLUEBAY EMERGING MARKET CORPORATE ALPHA


FUND

GLENVIEW CAPITAL PARTNERS (CAYMAN), LTD.

42.90

31 Dec 13

MARKHAM RAE I SUB FUND

-6.81

31 Dec 13

ANDALUSIAN CORPORATE OPPORTUNITIES FUND LP

41.15

31 Dec 13

SABA CAPITAL OFFSHORE FUND LTD

-6.76

31 Dec 13

TRIAN PARTNERS LTD

40.06

31 Dec 13

CONQUEST MACRO FUND, LTD (COMP)

-6.62

31 Dec 13

TRISTAN PARTNERS LP

38.52

31 Dec 13

PIMCO MULTI-ASSET VOLATILITY FUND LTD

-6.17

31 Dec 13

MARK PARTNERS LP

38.27

31 Dec 13

MILLBURN DIVERSIFIED PROGRAM

-6.02

31 Dec 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

11

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Convertible
Ytd Avg. 2015

1.78%

Convertible/Global
ADVENT HEDGED CONVERTIBLE STRATEGY
ADVENT CAPITAL MANAGEMENT

30 Sep 96

BASSO INVESTORS LTD


Howard Fischer

30 Sep 95

JABCAP GLOBAL CONVERTIBLE FUND - D1


Unrestricted
Philippe Jabre

30 Apr 07

LAZARD RATHMORE FUND - CLASS A-2


Sean Reynolds

31 May 07

SALAR CONVERTIBLE ABSOLUTE RETURN FUND


Alex Warren, David Persaud

31 Aug 10

Q
Q
W

Q/M
W

$380M
Aug 15

401.64

$558M
Oct 15

7,433.99

$329M
Nov 15

207.25

$1'027M
Sep 15

206.69

$249M
Oct 15

120.85

$224M
Dec 15

193.42

Convertible/USA
PINE RIVER CONVERTIBLES FUND
Franklin Parlamis

31 Jul 09

Ytd Avg. 2015


2.54%
27 Nov (0.78%) 5.43%
-1.54%
15
20 Nov
15

0.13%

30 Nov
15

1.16%

3.06%

1.95%

10.51%

8.45%

7.52%

6.84%

(27.58%)
Oct 07 - Nov 08

11.45%

9.5%

10.47%

5.77%

(25.00%)
Dec 07 - Oct 08

30 Nov (1.82%)
15

3.04%

4.13%

27.14%

5.37%

8.85%

12.22%

(28.61%)
May 08 - Nov 08

(1.33%)

-1.69%

30 Nov (0.11%) 2.49%


0.71%
15
Ytd Avg. 2015
(2.02%)
30 Nov (1.52%) (2.02%)
0.41%
15

10.55%

4.73%

8.91%

8.03%

(16.25%)
Aug 08 - Nov 08

10.34%

6.42%

3.67%

3.53%

(5.37%)
May 15 - Sep 15

19.34%

7.6%

10.97%

6.74%

(5.99%)
Sep 14 - Jan 15

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

12

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Credit
Ytd Avg. 2015

1.49%

Credit/Emerging
ABSOLUTE INSIGHT EMERGING MARKET DEBT FUND 30 Apr 08
CLASS B1P
Colm McDonagh

BAF LATAM TRADE FINANCE FUND


Ernesto Lienhard & team.

29 Feb 08

BLUEBAY EMERGING MARKET CORPORATE ALPHA


FUND
Polina Kurdyavko and Anthony Kettle

31 Oct 11

BLUEBAY EMERGING MARKET OPPORTUNITY FUND


BlueBay Asset Management LLP - David Dowsett,
Rodrigo da Fonseca

31 May 07

CONTRARIAN EMERGING MARKETS OFF FUND LTD


Xiao Song

31 Dec 05

FINISTERRE CREDIT FUND


Rafal Biosse Duplan

31 Jan 06

IP ALL SEASONS ASIAN CREDIT FUND


Job Campbell

31 Jan 02

Q
M
W

MONEDA LATIN AMERICAN CORPORATE DEBT FUND 30 Sep 07


-AFernando Tisn and Javier Montero

SCHRODER ISF EMERGING MARKET DEBT A/R -I


ACCGeoffrey Blanning

31 Jan 02

1'155M
Oct 15

1.41

$750M
Oct 15

1,937.69

$41M
Oct 15

110.47

$92M
Oct 15

181.14

$362M
Oct 15

348.83

$542M
Oct 15

208.15

$206M
Oct 15

23.74

$217M
Oct 15

1,827.72

$4'150M
May 15

32.76

Credit/Europe
ABSOLUTE INSIGHT CREDIT FUND B1P2 EURO
Alex Veroude

30 Sep 11

CAIRN SPECIAL OPPORTUNITIES CREDIT FUND


Cairn Capital Limited

31 Dec 07

CAIRN STRATA CREDIT FOCUS FUND LTD


Cairn Capital Limited

31 Dec 14

CAPEVIEW RECOVERY FUND


Theo Phanos

30 Jun 03

CAPITAL FOUR CREDIT OPPORTUNITIES FUND


Capital Four Management Team

31 Dec 09

W
Q
M
Q
M

782M
Oct 15

1.25

130M
Oct 15

180.67

63M
Oct 15

100.39

$403M
Sep 15

342.40

56M
Oct 15

153.05

Ytd Avg. 2015


0.78%
03 Dec (0.47%) (3.68%)
2.42%
15
31 Oct
15

0.55%

20 Nov
15

0.61%

31 Oct
15

3.43%

31 Oct
15

(0.50%)

31 Oct
15

0.77%

25 Nov
15

0.56%

6.23%

7.76%

-0.65%

11.73%

4.65%

6.93%

(15.32%)
May 08 - Oct 08

8.09%

8.71%

9.00%

0.51%

0.00%
Jan 00 - Jan 00

1.07%

11.29%

-7.21%

12.29%

4.55%

6.32%

(12.25%)
Feb 13 - Sep 13

(3.02%)

-2.05%

-1.96%

11.33%

7.31%

8.61%

(19.88%)
Feb 08 - Nov 08

12.48%

-1.98%

14.61%

23.2%

13.54%

13.48%

(28.43%)
Feb 08 - Oct 08

(1.22%)

2.62%

4.78%

18%

7.81%

11.26%

(33.64%)
Jun 08 - Dec 08

2.22%

4.94%

2.2%

18.68%

6.46%

9.06%

(38.05%)
Feb 08 - Mar 09

30 Nov (0.83%)
15

(2.57%)

30 Nov (0.67%)
15

(4.46%)

3.36%

(0.51%)

31 Oct
15

0.78%

11.48%

7.66%

13.73%

(32.05%)
Aug 08 - Dec 08

0.62%

0.8%

5.36%

6.80%

5.21%

(9.31%)
Mar 08 - Oct 08

Ytd Avg. 2015


2.85%
02 Dec (0.03%) (1.30%)
2.21%
15
31 Oct
15

8.67%

(2.87%)

2.3%

7.38%

12.65%

5.53%

4.25%

(3.51%)
Jul 14 - Dec 15

8.54%

19.95%

7.84%

7.42%

(13.94%)
Jun 11 - Nov 11

0.39%

0.46%

2.69%

(2.72%)
May 15 - Sep 15

27 Nov (0.85%)
15

2.43%

31 Oct
15

4.04%

1.87%

3.19%

18.23%

8.41%

10.42%

8.53%

(30.45%)
Oct 07 - Dec 08

11.37%

16.31%

17.68%

15.22%

7.09%

(6.46%)
May 11 - Nov 11

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

13

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Credit/Europe
CHENAVARI REGULATORY CAPITAL STRATEGY - DR

Chenavari Investment Managers

31 Mar 11

CHENAVARI TORO LIMITED


Chenavari Investment Managers

31 May 09

EIFFEL CREDIT OPPORTUNITIES FUND CLASS A


Emmanuel Weyd, Eiffel Investment Group

30 Nov 11

M
M

GLG CROSS ASSET VALUE OFFSHORE FUND Class A 30 Nov 12


USD Unres
Chris Huggins

LNG EUROPA CREDIT FUND


LNG Capital LLP

31 Mar 11

NAPIER PARK EUROPEAN CREDIT OPPORTUNITIES


FUND LTD
Napier Park Global Capital (US) LP

31 Aug 10

NORTHLIGHT EUROPEAN FUNDAMENTAL CREDIT


FUND
NORTHLIGHT GROUP LLP

30 Nov 09

OBSERVATORY CREDIT MARKETS FUND (THE)


Shazad Ghaffar

30 Jun 04

PAMPLONA CREDIT OPPORTUNITIES FUND


Yves Leysen

31 Aug 08

SERONE KEY OPPORTUNITIES FUND


Serone Capital Management, Serj Walia

29 Feb 12

WYETREE EUROPEAN RECOVERY FUND (WERF)


WyeTree Asset Management

31 Aug 13

M
M
M
M

$222M
May 15

181.68

330M
Jul 15

1,074.32

130M
Oct 15

1,340.75

$278M
Oct 15

1,220.78

$147M
Oct 15

1,182.27

364M
Sep 15

255.34

$200M
Aug 15

1,506.67

$1'013M
Sep 15

323.77

420M
Oct 15

197.09

$148M
Oct 15

243.00

68M
Sep 15

112.38

31 Oct
15
31 Oct
15

30 Apr 09

ALCENTRA GLOBAL SPECIAL SITUATIONS FUND


Alcentra Ltd / David Forbes-Nixon

31 Oct 07

ARISTEIA INTERNATIONAL LTD


Anthony M. Frascella, William R. Techar

01 Aug 97

ASGARD FIXED INCOME FUND LTD


Morten Mathiesen

30 Jun 03

Q
Q
Q
M

$1'453M
Oct 15

262.19

137M
Oct 15

171.30

$2'362M
Jun 15

842.58

270M
May 15

487.24

YTD

0.02%

31 Oct
15

(1.30%)

31 Oct
15

0.36%

14.23%
(4.08%)

36.91%

Ann. Return

13.90%

Ann. Vol

Max
Drawdown1

4.84%

(4.65%)

24.82%

32.93%

32.42%

44.73%

11.46%

(5.11%)

4.53%

8.11%

20.07%

7.60%

6.48%

(8.46%)
May 15 - Nov 15

3.86%

4.68%

11.5%

0.71%

6.89%

3.44%

(3.53%)
Jun 14 - Sep 14

3.72%

-10.36%

16.1%

19.58%

3.87%

8.58%

(12.90%)
Jun 14 - Dec 14

7.29%

8.89%

31.11%

55.73%

19.88%

9.07%

(14.95%)
May 11 - Dec 11

27 Nov (0.12%)
15

5.05%

31 Oct
15

0.67%

3.27%

27 Nov
15

0.40%

31 Oct
15

0.16%

31 Oct
15

(0.50%)

5.91%

12.51%

6.31%

7.08%

2.37%

(1.28%)
Apr 12 - Jun 12

3.31%

7.25%

13.46%

10.91%

6.20%

(12.74%)
Jul 07 - Jul 08

(2.08%)

6.55%

12.68%

19.87%

9.82%

7.13%

(17.90%)
Apr 11 - Dec 11

9.26%

9.14%

25.94%

61.8%

27.36%

8.41%

(0.57%)
May 15 - Jun 15

(6.56%)

16.86%

2.91%

5.53%

5.34%

(8.13%)
Mar 15 - Oct 15

Ytd Avg. 2015


1.72%
0.15%
4.90%
10.07%

12.91%

20.59%

15.97%

4.04%

(1.66%)
May 13 - Jun 13

1.58%

24.41%

-1.88%

12%

16.64%

6.95%

15.19%

(48.74%)
Oct 07 - Dec 08

30 Nov (0.22%)
15
31 Oct
15

15.19%

2012

Jul 11 - Oct 11

0.14%

31 Oct
15

2013

Jul 11 - Sep 11

27 Nov
15

31 Oct
15

2014

Ytd Avg. 2015


2.85%
0.84%
8.97%
8.84%

30 Nov (3.40%)
15

Credit/Global
AG MORTGAGE VALUE PARTNERS LTD
Jonathan Lieberman

MTD

(0.46%)

(5.62%)

-3.13%

15.67%

11.2%

12.32%

8.84%

(30.20%)
May 08 - Dec 08

4.88%

10.6%

16.02%

34.12%

13.69%

6.71%

(10.40%)
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

14

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Credit/Global
AXONIC CREDIT OPPORTUNITIES OVERSEAS
FUND,LTD
Clayton DeGiacinto

31 Dec 10

BLUEBAY CREDIT ALPHA LONG SHORT FUND


Geraud Charpin

31 Oct 11

BLUEMOUNTAIN CREDIT ALTERNATIVES FUND


BlueMountain Capital Management

31 Oct 03

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

CLAREANT STRUCTURED CREDIT OPPORTUNITIES


FUND
Alcentra Ltd / Hiram Hamilton

31 Aug 09

CLAREANT STRUCTURED CREDIT OPPORTUNITIES


FUND II
Alcentra Ltd / Hiram Hamilton

31 Jan 11

COHERENCE CAPITAL SPECTRUM FUND OFFSHORE


FUND
Coherence Capital Partners LLC

31 Jul 12

CQS ABS FEEDER FUND - CLASS -B1- USD


Simon Finch

30 Sep 06

DW CATALYST OFFSHORE FUND -A - USD NI


DW Partners, LP

31 Jul 09

DW VALUE OFFSHORE FUND LTD


DW Partners, LP

29 Feb 12

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

GREEN T G2 FUND
Darryl Green, Geoffrey Sherry

28 Feb 99

III SELECT CREDIT FUND LTD CLASS -ALester Coyle

31 Dec 07

M
Q
M
Q

M
Q

Q
Q
HY
Q
Q

Q
Q

$1'067M
Oct 15

167.41

219M
Oct 15

134.34

$7'300M
Sep 15

264.92

$313M
Oct 15

180.81

$479M
Oct 15

145.07

$386M
May 15

150.39

207M
Oct 15

556.09

254M
Oct 15

301.71

$93M
Oct 15

14.55

$1'594M
Oct 15

5,341.23

$3'800M
Oct 15

176.63

$910M
Apr 15

159.49

$608M
Oct 15

279.10

$325M
Oct 15

263.92

$502M
Oct 15

192.59

$222M
Sep 15

1,847.42

31 Oct
15

MTD

YTD

2014

Ytd Avg. 2015


1.72%
(1.24%) 1.09%
10.87%

2013

12.1%

2012

25.69%

Ann. Return

11.24%

Ann. Vol

Max
Drawdown1

4.03%

(3.35%)
Jul 11 - Oct 11

20 Nov (0.04%)
15

2.46%

27 Nov (0.90%)
15

1.24%

31 Oct
15

(2.90%)

31 Oct
15

(1.40%)

31 Oct
15

(0.65%)

31 Oct
15

(0.28%)

31 Oct
15

(0.25%)

30 Nov
15

0.19%

31 Oct
15

(1.45%)

31 Oct
15

(2.02%)

31 Oct
15

2.70%

31 Oct
15

(1.19%)

31 Oct
15

(0.46%)

30 Nov
15

0.10%

0.94%

11.78%

26.2%

9.84%

4.94%

(3.37%)
Feb 15 - Sep 15

2.67%

7.87%

14.51%

8.40%

5.85%

(11.83%)
Aug 08 - Dec 08

(2.97%)

10.57%

12%

20.12%

13.03%

4.16%

(5.17%)
Jun 15 - Oct 15

0.98%

13.78%

14.05%

10.71%

12.12%

3.80%

(2.58%)
Jun 15 - Oct 15

(0.02%)

3.94%

13.84%

17.22%

10.94%

5.31%

(6.82%)
Apr 11 - Aug 11

3.74%

7.28%

29.09%

44.15%

32.06%

17.37%

(15.92%)
May 11 - Nov 11

6.70%

5.51%

48.08%

50.97%

26.17%

12.51%

(8.17%)
May 11 - Sep 11

4.17%

2.83%

18.98%

14.17%

11.90%

4.35%

(2.98%)
Jun 14 - Oct 14

(2.04%)

8.02%

9.7%

16.85%

20.24%

10.84%

(4.31%)
May 15 - Oct 15

(5.17%)

5.8%

13.91%

15.34%

9.52%

4.54%

(7.22%)
Apr 15 - Oct 15

0.23%

8.1%

23.7%

19.01%

13.56%

5.42%

(4.50%)
Apr 15 - Sep 15

2.71%

7.89%

15.28%

27.73%

14.65%

5.56%

(1.84%)
Apr 11 - Jul 11

1.38%

7.25%

9.64%

13.29%

15.46%

3.96%

(0.85%)
May 15 - Oct 15

20 Nov (1.81%)
15

(1.94%)

-0.08%

2.66%

2.76%

5.71%

3.49%

(4.26%)
Dec 03 - Jul 04

(6.88%)

6.02%

8.56%

11.95%

8.22%

6.29%

(8.44%)
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

15

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Credit/Global
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 LEVERAGED CREDIT FUND


Darryl Green, Geoffrey Sherry

28 Feb 11

MKP CREDIT OFFSHORE FUND


MKP Capital Management, L.L.C.

28 Feb 99

MLIS - BEACH POINT DIVERSIFIED CREDIT UCITS


FUND CLASS B USD
Carl Goldsmith and Scott Klein

31 Mar 13

ONE WILLIAM STREET CAPITAL FUND


OWS Capital Management

31 Mar 08

PIMCO GLOBAL CREDIT OPPORTUNITY FUND


SERIES 1
Dan Ivascyn / Jon Horne

30 Jun 06

PIMCO TACTICAL OPPORTUNITIES FUND


PIMCO LLC - Dan Ivascyn / Josh Anderson / Alfred
Murata

31 Jan 13

PINE RIVER FIXED INCOME FUND LTD


Steve Kuhn, Colin Teichholtz, Brendan McAllister, Jiayi
Chen

31 Aug 08

PROSIRIS GLOBAL OPPORTUNITIES FUND


Reza Ali

30 Jun 11

RESIDENTIAL REAL ESTATE TOTAL RETURN OPP.


FUND (RRETRO FUND)
WyeTree Asset Management

30 Nov 08

RP DEBT OPPORTUNITIES FUND


RP Investment Advisors

30 Sep 09

RP SELECT OPPORTUNITIES FUND


RP Investment Advisors

31 Mar 14

SABA CAPITAL OFFSHORE FUND LTD


Boaz Weinstein

31 Jul 09

SEER CAPITAL PARTNERS OFFSHORE FUND LTD


Phil Weingord, Richard d'Albert, Seer Capital

30 Apr 09

SPF CREDIT SUISSE SECURITIZED PRODUCTS


MASTER FUND LTD
Albert Sohn

31 Dec 11

Q
Q
Q
Q
W

Q/Y
Q

HY

Q
Q

M
M
Q
Q
Q

$365M
Nov 15

1,656.97

$771M
Oct 15

176.12

$446M
Oct 15

106.80

$2'053M
Oct 15

524.91

$207M
Oct 15

107.09

$972M
Nov 15

1,996.53

$2'555M
Oct 15

188.61

$768M
Oct 15

131.09

$2'538M
Nov 15

489.97

$981M
Oct 15

167.24

$172M
Jul 15

216.43

$878M
Oct 15

183.50

$193M
Oct 15

108.78

$1'572M
Oct 15

111.93

$1'560M
Oct 15

218.81

$2'059M
Oct 15

159.69

31 Oct
15

MTD

2014

Ytd Avg. 2015


1.72%
0.18%
1.14%
3.42%

2013

15.67%

2012

8.3%

Ann. Return

8.77%

Ann. Vol

Max
Drawdown1

5.18%

(6.34%)
May 11 - Sep 11

30 Nov (1.12%)
15
30 Nov
15

YTD

0.37%

1.56%

-1.35%

4.76%

12.48%

7.10%

6.21%

(9.90%)
Jun 08 - Sep 08

(4.16%)

-0.21%

5.01%

5.23%

1.39%

3.76%

(6.54%)
Feb 15 - Oct 15

27 Nov (2.27%)
15
01 Dec
15

0.12%

31 Oct
15

0.00%

31 Oct
15

(2.69%)

31 Oct
15

(0.30%)

31 Oct
15

(1.20%)

31 Oct
15

(1.97%)

31 Oct
15

0.10%

31 Oct
15

1.22%

31 Oct
15

2.57%

20 Nov
15

0.29%

31 Oct
15

(0.16%)

16 Nov
15

0.25%

(4.37%)

5.33%

11.18%

19.63%

10.40%

5.44%

(8.96%)
Feb 11 - Oct 11

0.54%

-2.52%

9.26%

2.60%

4.87%

(6.41%)
Jun 14 - Sep 15

2.57%

10.05%

5.75%

18.98%

9.54%

5.36%

(8.43%)
Feb 11 - Nov 11

6.04%

4.34%

7.45%

15.18%

7.03%

4.91%

(12.86%)
Jun 07 - Nov 08

6.20%

7.56%

14.76%

10.35%

4.26%

(1.88%)
May 13 - Jun 13

(3.47%)

6.13%

10.18%

34.85%

24.81%

9.37%

(8.83%)
Jul 11 - Oct 11

(3.09%)

7.02%

16.35%

22.49%

12.58%

4.53%

(4.01%)
May 15 - Oct 15

0.48%

12.66%

17.56%

24.07%

11.80%

5.99%

(14.92%)
Feb 11 - Dec 11

4.15%

5.07%

10.35%

14.9%

10.49%

3.40%

(1.80%)
Jul 11 - Sep 11

6.10%

2.52%

5.44%

3.48%

(1.51%)
Jul 15 - Sep 15

7.01%

-10.8%

-6.76%

-3.87%

1.80%

7.29%

(28.08%)
Jun 12 - Mar 15

0.32%

5.41%

12.13%

25.85%

12.79%

5.14%

(7.47%)
May 11 - Nov 11

5.31%

10.31%

18.04%

16.46%

12.82%

2.90%

(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

16

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Credit/Global
TIG SECURITIZED ASSET FUND LTD
Stuart Lippman, David Liu

30 Sep 12

TRICADIA CREDIT STRATEGIES, LTD


Arif Inayatullah & Michael Barnes

31 Mar 05

VARDEN PACIFIC OPPORTUNITY OFFSHORE FUND I


LTD
Varden Pacific LLC

31 Mar 11

M
Q
Q

$845M
Oct 15

154.43

$1'717M
Oct 15

357.46

$320M
Oct 15

138.34

31 Oct
15

31 Oct
15

31 Jan 09

ACUITY CORPORATE OPPORTUNITY FUND LTD


John Harnisch

31 Dec 09

BEACH POINT TOTAL RETURN OFFSHORE FUND II,


LTD
Carl Goldsmith, Scott Klein,

30 Jun 96

BRIGADE LEVERAGED CAPITAL STRUCTURES FUND


LTD
Don Morgan

31 Dec 06

MARINUS OPPORTUNITIES FUND


Najib Canaan

31 Mar 12

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

OCTAGON HIGH INCOME FUND


Andrew D. Gordon

31 Jan 11

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

WYETREE YIELD DISTRIBUTION FUND (WYDF)


WyeTree Asset Management

30 Nov 12

Q
M
Q

Q
M
Q
M
M
Q
M

$1'152M
Oct 15

285.98

$175M
Nov 15

138.04

$2'100M
Oct 15

627.89

$2'849M
Oct 15

147.97

$342M
Oct 15

123.34

$403M
Jul 15

147.73

$753M
Jul 15

226.19

$131M
Jun 15

131.90

$135M
Oct 15

147.59

$3'610M
Oct 15

211.35

$97M
Sep 15

114.11

31 Oct
15

YTD

2014

Ytd Avg. 2015


1.72%
(0.29%) 6.05%
15.17%

2013

20.05%

2012

5.33%

Ann. Return

15.13%

Ann. Vol

Max
Drawdown1

2.73%

(0.29%)
Sep 15 - Oct 15

13 Nov (0.10%)
15

Credit/USA
400 CAPITAL CREDIT OPPORTUNITIES
Chris Hentemann

MTD

4.80%

(0.37%)

3.94%

10.57%

12.73%

12.73%

6.99%

(10.77%)
Jun 08 - Nov 08

0.81%

9.15%

15.14%

28.54%

7.33%

11.75%

(18.02%)
Mar 11 - Sep 11

Ytd Avg. 2015


(0.72%)
(0.74%) 0.68%
12.35%

15.24%

34.21%

16.84%

5.77%

(2.91%)
May 11 - Oct 11

30 Nov (10.97%) (10.31%)


15

1.31%

19 Nov (1.29%)
15

0.52%

-0.67%

27 Nov (2.26%)
15

(6.97%)

31 Oct
15

(0.07%)

31 Oct
15

0.55%

31 Oct
15

(0.25%)

8.61%

11.14%

5.60%

8.53%

(14.76%)
May 15 - Nov 15

12.61%

13.86%

9.93%

7.89%

(24.04%)
Oct 07 - Dec 08

0.22%

5.96%

6.7%

4.49%

6.51%

(19.42%)
Jun 08 - Dec 08

1.06%

3.08%

6.11%

11.59%

6.02%

2.38%

(1.60%)
Sep 14 - Nov 14

4.21%

0.24%

7.66%

10.87%

7.02%

3.89%

(5.29%)
Jun 14 - Jan 15

3.38%

1.05%

10.07%

10.78%

13.19%

6.18%

(4.30%)
Aug 14 - Dec 14

30 Nov (1.94%)
15
31 Oct
15

1.59%

31 Oct
15

(1.49%)

31 Oct
15

(0.60%)

1.20%

0.94%

9.04%

19.9%

5.89%

6.73%

(10.79%)
Jul 11 - Aug 11

(1.15%)

-7.41%

5.8%

8.46%

6.51%

6.49%

(14.51%)
Jun 14 - Sep 15

(1.18%)

14.06%

20.51%

41.34%

16.74%

5.49%

(4.09%)
May 15 - Oct 15

0.59%

7.78%

5.46%

-0.2%

4.62%

3.23%

(3.72%)
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

17

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Distressed Security
Ytd Avg. 2015

(2.34%)

Distressed Security/Global
BLUEBAY EVENT DRIVEN CREDIT FUND
BlueBay Asset Management LLP - Anthony Robertson

30 Nov 09

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

MONARCH DEBT RECOVERY FUND LTD


Michael Weinstock, Andrew Herenstein

31 Mar 02

MUDRICK DISTRESSED OPPORTUNITY FUND LTD


Jason Mudrick

30 Jun 09

OCP DEBT OPPORTUNITY INTERNATIONAL LTD


Onex Credit Partners

30 Jun 01

OWS CREDIT OPPORTUNITY FUND


OWS Capital Management

31 Dec 10

PSAM REBOUND PORTFOLIO FUND LTD


P.Schoenfeld Asset Management LLC

28 Feb 03

SILVER POINT CAPITAL OFFSHORE LTD


Edward Mul

31 Dec 01

SOUND POINT BEACON OFFSHORE FUND, LTD


Stephen Ketchum & Jeffrey Teach

30 Nov 13

STRATEGIC VALUE RESTRUCTURING FUND


Victor Khosla

31 Aug 02

VR GLOBAL OFFSHORE FUND LTD


Richard Deitz

30 Apr 99

Q
Q
Q
Q
Y
Y

Y
Q
Q
Q/Y
Q
Q
HY
Q/Y
Q

153M
Sep 15

156.56

$977M
Oct 15

740.60

$6'684M
Sep 15

7,823.98

$1'900M
Jul 15

1,016,378.19

$2'348M
Sep 15

2,479.41

$1'195M
Mar 15

2,569.33

$1'460M
Oct 15

3,911.71

$1'200M
Oct 15

152.05

$267M
Oct 15

259.44

$400M
Nov 15

1,550.95

$254M
Aug 15

241.74

$4'500M
Jul 15

4,447.28

$451M
Oct 15

129.39

$1'400M
Sep 15

331.16

$1'999M
Oct 15

40,640.78

Ytd Avg. 2015


(2.86%)
13 Nov (0.36%) 2.09%
14.22%
15
31 Oct
15

(1.20%) (10.87%)

5.68%

9.75%

13.06%

7.82%

4.64%

(7.72%)
May 11 - Sep 11

12.53%

14.78%

17.35%

10.92%

(28.11%)
May 08 - Nov 08

31 Oct
15

1.66%

31 Oct
15

1.66%

31 Oct
15

(0.04%)

31 Oct
15

(1.20%)

31 Oct
15

(0.51%)

0.00%

4.32%

15.65%

18.05%

10.37%

8.15%

(28.82%)
Oct 07 - Nov 08

(6.09%)

23.09%

14.1%

12.05%

10.89%

6.41%

(22.26%)
May 08 - Feb 09

(4.78%)

0.46%

17.01%

24.31%

11.66%

9.46%

(33.22%)
Jun 07 - Feb 09

(3.30%)

2.96%

21.95%

13.51%

9.32%

9.51%

(26.27%)
Oct 07 - Nov 08

0.19%

1.37%

18.36%

11.57%

10.55%

7.54%

(32.31%)
Oct 07 - Dec 08

30 Nov (3.60%) (18.86%)


15

15.7%

31 Oct
15

(0.50%)

0.47%

31 Oct
15

(0.60%)

31 Oct
15

(1.62%)

13 Nov
15

0.11%

31 Oct
15

0.20%

(6.72%)

7.73%

21.85%

6.74%

7.60%

(20.60%)
Aug 14 - Sep 15

9.93%

9.21%

6.87%

6.33%

(24.14%)
Jun 07 - Dec 08

2.01%

12.3%

12.47%

23.41%

9.50%

4.31%

(7.86%)
Apr 11 - Oct 11

(7.47%)

-1.16%

12.61%

14.01%

7.21%

8.18%

(32.91%)
Jul 07 - Mar 09

(1.92%)

3.08%

16.11%

20.04%

11.35%

8.00%

(35.48%)
Jun 07 - Dec 08

2.60%

18.36%

6.54%

14.38%

7.32%

(4.27%)
May 15 - Aug 15

20 Nov (1.44%)
15

(3.12%)

31 Oct
15

13.41%

5.64%

1.7%

16.17%

13.18%

9.47%

7.51%

(24.47%)
May 07 - Jan 09

-0.4%

32.33%

20.69%

25.15%

14.74%

(48.38%)
May 08 - Mar 09

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

18

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Distressed Security/USA
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
Y

$1'135M
Oct 15

2,983.49

$2'647M
Sep 15

725.87

13 Nov
15
31 Oct
15

MTD

YTD

2014

Ytd Avg. 2015


1.49%
0.16%
2.34%
6.74%

2013

6.66%

2012

16.14%

Ann. Return

11.60%

Ann. Vol

Max
Drawdown1

5.13%

(13.32%)
Aug 08 - Mar 09

2.60%

0.64%

1.59%

17.62%

21.94%

13.87%

10.42%

(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

19

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Equity-Commodity
Ytd Avg. 2015

(4.42%)

Equity-Commodity/Global
OCEANIC HEDGE FUND - CLASS A
Cato Brahde, Andreas Vergottis, Bjorn Rise

31 Jul 02

$355M
Sep 15

3,549.51

Ytd Avg. 2015


(4.42%)
30 Nov (1.94%) (4.42%)
3.87%
15

23.3%

-7.73%

9.96%

8.06%

(12.78%)
Nov 11 - Jul 12

Equity-Diversified
Ytd Avg. 2015

4.51%

Equity-Diversified/Asia
GOLDEN CHINA FUND NR CLASS
George Jiang,

30 Jun 04

LIGHTHORSE CHINA GROWTH FUND LTD


Shawn Kang

31 Dec 05

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

QUAM CHINA FOCUS SEGREGATED PORTFOLIO


Chris Choy

30 Jun 05

REAL RETURN ASIAN FUND LTD (THE)


Ezra Sun

30 Sep 04

TELLIGENT GREATER CHINA FUND


Ching-Shan Lin

31 Jul 04

WF ASIA FUND LTD S/1


Scobie Ward

31 Jan 01

ZEAL CHINA FUND LTD - USD -NI


Daniel POON Chun Pong

31 Dec 09

M
M
Q
M
M
Q
M
M
M
M

$1'952M
Oct 15

214.50

$110M
Aug 15

395.19

$166M
May 15

282.09

$132M
Aug 15

210.22

$580M
Oct 15

955.24

$123M
Oct 15

433.41

$290M
Oct 15

298.49

$286M
Oct 15

360.56

$775M
Oct 15

477.00

$223M
Oct 15

154.49

$36M
Oct 15

1,649.25

Equity-Diversified/Brazil
BNY MELLON ARX BRAZIL FUND SPC LONG SHORT
Bruno Garcia, Frederico Saraiva & Rogerio Poppe

31 Jan 07

30 Nov
15

Ytd Avg. 2015


6.29%
2.66% 21.90%
30.02%

17.48%

26.91%

27.90%

24.35%

(64.64%)
Oct 07 - Nov 08

31 Oct
15

(0.68%)

30 Nov
15

2.39%

31 Oct
15

(0.47%)

20 Nov
15

3.75%

7.31%

-0.51%

15.85%

-14.51%

14.99%

19.84%

(41.06%)
Feb 08 - Dec 08

4.58%

16%

27.39%

-6.58%

10.55%

12.01%

(25.06%)
Oct 07 - Feb 09

0.77%

-4.44%

4.6%

11.8%

6.93%

8.40%

(10.69%)
Oct 07 - Jan 09

9.61%

17.46%

9.26%

8.06%

24.03%

19.41%

(42.16%)
Oct 07 - Nov 08

30 Nov (3.11%)
15

1.65%

30 Nov
15

0.79%

1.03%

31 Oct
15

5.56%

30 Nov
15

0.79%

-8.2%

61.8%

16.99%

15.26%

25.02%

(38.53%)
May 15 - Sep 15

4.33%

13.35%

9.02%

10.28%

9.79%

(15.09%)
Apr 11 - May 12

0.44%

-6.27%

28.57%

10.76%

12.07%

18.20%

(46.90%)
Oct 07 - Oct 08

12.41%

5.71%

30 Nov (0.78%) 3.24%


0.92%
15
Ytd Avg. 2015
(10.07%)
27 Nov (0.12%) (10.07%)
5.08%
15

11.72%

27.68%

11.10%

12.56%

(37.65%)
Oct 07 - Nov 08

5.55%

12.89%

7.63%

15.27%

(20.74%)
May 15 - Aug 15

5.22%

11.03%

5.83%

8.57%

(23.95%)
Jun 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

20

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Equity-Diversified/Emerging
APERIOS EMERGING CONNECTIVITY MASTER FUND
LTD
Aperios Partners Investment Management LLP

31 Dec 11

DUET EM FRONTIER FUND


Hedi Ben Mlouka

31 Dec 12

FIREBIRD REPUBLICS FUND, LTD


Harvey Sawikin & Ian Hague

30 Apr 97

JABCAP EMEA FUND CLASS X1


Carl Tohme

30 Sep 08

OCCO EASTERN EUROPEAN FUND A SHARES


Andrew Wiles

31 Dec 01

SAGIL LATIN AMERICAN OPPORTUNITIES FUND


CLASS A
Adrian Landgrebe and Brad Jones

30 Jun 09

SKYLINE UCITS FUND INSTITUTIONAL SHARE CLASS


(MontLake)
Geoff Bamber, David Tovar,

31 Jul 11

SR GLOBAL FUND (Class N) Emerging Market Equity


Ed Butchart and CJ Morrell

31 Dec 12

M
Q
M
Q/Y
M

$87M
Nov 15

107.34

$200M
Sep 15

132.31

$138M
Oct 15

817.37

$222M
Oct 15

244.47

$435M
Sep 15

405.60

$85M
Oct 15

137.02

$93M
Aug 15

108.68

$50M
Aug 15

120.68

$1'940M
Aug 15

577.55

$218M
Aug 15

175.65

$546M
Feb 15

669.90

501M
Sep 15

143.44

$240M
Apr 15

208.66

$1'490M
Nov 15

196.11

$500M
Nov 15

126.97

413M
Mar 15

457.58

Equity-Diversified/Europe
ADELPHI EUR. FUND $ (A)
Roderick Jack, Marcel Jongen

30 Sep 97

ADRIGO HEDGE
Gran Torne

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

COVALIS CAPITAL CLASS B


Zach Mecelis

31 Dec 12

GIM PORTFOLIO STRATEGIES Europe Dynamic L/S


Fund A10-03
Jonathan Ingram, John Baker, Anis Lahlou-Abid

30 Sep 03

Q
M
M
M
M
M
M
M

31 Oct
15

MTD

YTD

2014

Ytd Avg. 2015


(2.18%)
4.68% (2.96%)
12.24%

2013

11.49%

2012

9.92%

Ann. Return

7.82%

Ann. Vol

Max
Drawdown1

8.94%

(12.23%)
May 15 - Sep 15

27 Nov (3.18%)
15

2.16%

20 Nov (4.55%)
15

(8.35%)

16 Nov (0.55%)
15

1.60%

30 Nov
15

0.97%

5.14%

31 Oct
15

2.80%

12.92%

14.7%

10.11%

12.55%

(9.76%)
Aug 14 - Mar 15

-22.64%

24.2%

13.26%

11.98%

29.27%

(73.20%)
Sep 97 - Jan 99

7.15%

9.23%

6.94%

13.35%

9.48%

(10.02%)
Apr 11 - May 12

-2.56%

11.63%

7.73%

11.51%

7.39%

(20.86%)
Jun 08 - Oct 08

(5.42%)

6.71%

7.91%

14.48%

5.09%

8.53%

(15.40%)
Jun 14 - Aug 15

30 Nov (2.00%) (14.65%)


15

-10.63%

10.01%

1.94%

12.42%

(27.02%)
Aug 14 - Sep 15

27 Nov (2.30%) 5.08%


3.68%
15
Ytd Avg. 2015
7.97%
30 Nov 1.88% 11.70%
9.35%
15

10.76%

30 Nov
15

0.51%

12.83%

30 Nov
15

0.77%

30 Nov
15

0.45%

27 Nov
15

3.30%

27 Nov
15

1.62%

31 Oct
15

2.30%

5.31%

25%

4.32%

6.68%

10.40%

(9.84%)
May 15 - Sep 15

17.28%

14.08%

10.13%

11.33%

(26.28%)
May 07 - Feb 09

5.91%

6.45%

4.98%

(9.13%)
May 07 - Oct 08

15.68%

5.5%

28.79%

1.7%

11.85%

14.61%

(32.68%)
Jun 07 - Dec 08

5.13%

7.37%

14.59%

18.73%

4.42%

8.73%

(22.46%)
Oct 07 - Oct 08

21.65%

9.86%

24.8%

12.65%

15.32%

6.51%

(7.15%)
Feb 14 - May 14

9.87%

4.6%

11.51%

5.82%

8.69%

3.58%

(3.66%)
Feb 14 - May 14

30 Nov (1.29%)
15

7.86%

3.69%

14.99%

-1.27%

9.29%

4.39%

(2.45%)
Feb 14 - Jun 14

6.70%

1.1%

15.93%

-4.72%

13.30%

8.39%

(16.39%)
Jun 08 - Nov 09

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

21

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Equity-Diversified/Europe
GLG EUROPEAN LONG SHORT FUND Class D EUR
Unres
Pierre Lagrange, Simon Savage, Neil Mason

30 Sep 00

GRANADA EUROPE FUND LTD


Swiss Hedge Capital AG, Andreas Zehnder

31 Aug 04

LANSDOWNE EUROPEAN EQUITY FD, LTD - A (EUR)


David Craigen

31 Aug 98

LC EQUITY FUND LTD


Limmat Capital Alternative Investments AG

30 Sep 05

LEGG MASON MARTIN CURRIE GF EUROPEAN


ABSOLUTE ALPHA FUND
Michael Browne and Steve Frost

31 Aug 10

LUCERNE CAPITAL FUND L.P.


Pieter Taselaar, Thijs Hovers

31 Dec 01

MADRAGUE EQUITY LONG SHORT


Madrague Capital Partners

31 Jan 12

MARSHALL WACE - EUROPA FUND A USD


Ernesto Fragomeni

31 Oct 06

MARSHALL WACE - MW TOPS FUND


Anthony Clake

31 Dec 04

M
M
M
D

M
M
M
M

MLIS - THEOREMA EUROPEAN EQUITY LONG SHORT 31 May 10


UCITS FUND - EUR B (acc)
Theorema Asset Management Limited

MOJNA ALPHA LEVERAGED MASTER FUND - EUR


NNI
Jakob Nordestedt, Michael OMara

30 Nov 07

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

M
M
W
M
M

$357M
Oct 15

335.36

CHF62M
Oct 15

1,565.02

$336M
Jul 15

255.53

CHF75M
Oct 15

282.37

479M
Nov 15

13.62

$310M
Oct 15

500.38

112M
Oct 15

134.48

$132M
Oct 15

161.09

$400M
Oct 15

235.98

66M
Oct 15

117.94

$93M
Jul 15

171.42

$87M
Aug 15

171.64

NOK776M
Oct 15

269.96

2'705M
Mar 15

807.22

3'494M
Sep 15

211.74

91M
Oct 15

146.97

27 Nov
15

MTD

YTD

2014

Ytd Avg. 2015


7.97%
0.90%
6.28%
-5.24%

2013

7.09%

2012

5.75%

Ann. Return

8.30%

Ann. Vol

Max
Drawdown1

7.84%

(17.94%)
Oct 07 - Oct 08

30 Nov (0.32%)
15

1.32%

20 Nov
15

1.16%

24.29%

30 Nov
15

0.12%

2.12%

-3.57%

-8.93%

4.06%

4.75%

(13.54%)
Sep 11 - Dec 13

-4.32%

21.51%

4.56%

9.79%

11.65%

(21.60%)
May 08 - Feb 09

0.61%

2.7%

5.27%

2.04%

10.74%

5.79%

(5.29%)
Jun 11 - Aug 11

25 Nov (1.45%)
15

3.89%

31 Oct
15

(0.05%)

11.60%

31 Oct
15

3.04%

24 Nov
15

1.04%

24 Nov
15

0.61%

1.54%

20.02%

14.91%

6.08%

6.44%

(9.23%)
Dec 10 - Sep 11

10.8%

29.19%

26.9%

13.76%

20.22%

(60.03%)
May 07 - Feb 09

6.26%

-5.68%

30.08%

3.16%

8.22%

8.65%

(9.12%)
Jan 12 - Jun 12

9.21%

3.96%

7.44%

8.72%

5.40%

8.19%

(26.47%)
Jun 07 - Sep 08

8.55%

6.72%

16.17%

11.31%

8.19%

7.34%

(21.75%)
Oct 07 - Feb 09

01 Dec (0.08%)
15

7.46%

30 Nov
15

1.18%

6.77%

30 Sep
15

0.49%

31 Oct
15

0.89%

-5.61%

7.94%

4.37%

3.04%

7.16%

(12.02%)
Sep 11 - Jul 12

-5.72%

14.82%

-4.33%

6.96%

6.34%

(11.33%)
Dec 13 - Aug 14

1.36%

-3.32%

4.93%

-2.69%

4.33%

2.70%

(5.36%)
Dec 13 - Aug 14

6.40%

14.46%

23.77%

12.14%

8.51%

10.65%

(32.36%)
Dec 07 - Feb 09

30 Nov (0.50%) (15.94%)


15

5.48%

31 Oct
15

1.21%

2.58%

31 Oct
15

(0.18%)

10.33%

25.76%

30.69%

12.45%

17.04%

(50.64%)
Jan 94 - Jul 95

32.52%

16.89%

9.82%

10.58%

(12.25%)
May 08 - Dec 08

16.45%

-4.99%

1.99%

11.22%

5.32%

6.08%

(8.88%)
May 13 - Apr 14

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

22

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Equity-Diversified/Europe
POLAR CAPITAL EUROP CONVICTION FUND LIMITED
Robert Gurner & Andrew Marsh

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

TRIAS L/S FUND


Entrepreneur Partners AG / Kilian Kentrup

30 Apr 12

TT LONG/SHORT FOCUS FUND


Vikram Kumar

30 Jun 13

TT MID-CAP EUROPE LONG/SHORT FUND LTD - CL B


David Grimbley

30 Apr 05

ZADIG FUND CLASS A1


Laurent Saglio

30 Nov 05

M
M

M
M
M
D
M
M
M

19M
Oct 15

140.63

$130M
May 15

3,122.40

$225M
Oct 15

144.53

$115M
Oct 15

551.64

$440M
Oct 15

183.69

98M
Oct 15

194.07

$350M
Nov 15

136.91

$667M
Oct 15

312.34

163M
Sep 15

241.70

$80M
Sep 15

142.43

$191M
Oct 15

1,457.78

$187M
Oct 15

139.71

$604M
Sep 15

152.86

$158M
Oct 15

98.82

$1'500M
Jun 15

126.04

$102M
Oct 15

115.86

Equity-Diversified/Global
ANAVON MASTER FUND LTD CLASS -BAvi Fruchter and Avraham Mevorah

31 Dec 10

ATLAS FUNDAMENTAL TRADING FUND LTD


Dmitry Balyasny, Managing Partner & CIO

30 Jun 08

BEACONLIGHT OFFSHORE FUND LTD


Ed Bosek

31 Dec 09

BLUEMOUNTAIN LONG SHORT EQUITY FUND L.P.


BlueMountain Capital Management LLC

30 Jun 11

CARLYLE LIQUID TACTICAL FUND


DGAM Team

31 Jul 14

DUET GLOBAL PLUS FUND


Jason McNab

31 Jul 10

ECOFIN VISTA LONG SHORT FUND


Matthew Breidert

30 Nov 12

M
M
Q
Q
M
M
M

27 Nov
15
30 Nov
15

MTD

YTD

2014

Ytd Avg. 2015


7.97%
0.63% (14.64%)
2.97%

2013

1.9%

2012

8.07%

Ann. Return

3.59%

Ann. Vol

Max
Drawdown1

8.38%

(15.17%)
Dec 14 - Oct 15

3.88%

1.71%

13.94%

20.33%

29.45%

11.35%

18.08%

(55.01%)
Jun 07 - Nov 08

20 Nov (0.27%)
15
30 Nov
15

0.81%

30 Nov
15

0.94%

31 Oct
15

4.57%

30 Nov
15

5.59%

(0.85%)

3.63%

17.47%

2.95%

4.61%

7.36%

(11.62%)
Jun 11 - May 12

7.97%

-1.76%

4.48%

11.82%

9.53%

8.66%

(16.98%)
Mar 00 - Jan 03

10.01%

-4.8%

17.78%

15.22%

9.42%

11.09%

(16.04%)
May 11 - Sep 11

21.52%

11.08%

33.7%

7.53%

20.83%

12.46%

(10.72%)
May 14 - Oct 14

25.71%

-2.65%

11.87%

13.86%

10.04%

(5.74%)
Feb 14 - Jul 14

30 Nov (0.84%)
15

9.87%

2.64%

14.43%

6.9%

11.35%

8.35%

(7.41%)
Apr 06 - Sep 06

20 Nov (0.05%) 12.92%


-6.33%
15
Ytd Avg. 2015
6.26%
31 Oct 5.00%
1.14%
6.66%
15
30 Nov (0.10%)
15

4.29%

31 Oct
15

1.11%

8.32%

20 Nov
15

0.06%

31 Oct
15

2.00%

31 Oct
15

0.13%

31 Oct
15

3.61%

12.64%

8.9%

11.02%

9.25%

10.84%

(19.14%)
Aug 08 - Oct 08

11.45%

12.62%

7.59%

7.66%

(8.57%)
Jul 11 - Sep 11

8.54%

-3.47%

5.21%

8.47%

(13.57%)
Sep 11 - Jun 13

-4.32%

22.4%

6.8%

5.90%

8.95%

(15.02%)
Mar 11 - Sep 11

2.94%

19.48%

19.48%

3.66%

10.14%

6.77%

(7.58%)
Jul 15 - Oct 15

(4.56%)

3.54%

(0.94%)

9.06%

(10.41%)
Apr 15 - Sep 15

1.12%

-0.38%

3.95%

11.05%

5.63%

3.06%

(2.56%)
Feb 14 - May 14

8.63%

-0.21%

7.14%

-0.24%

5.17%

8.19%

(9.41%)
May 15 - Sep 15

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

23

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Equity-Diversified/Global
EXANE TEMPLIERS FUND
Jean-Francois Roussel, Stphane 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

HABROK LTD
Ketan Gadhia and Rahul Khanna

31 Mar 04

HORSEMAN GLOBAL FUND USD


Russell Clark & Bobby Turnbull

31 Jan 01

KINSALE COMPASS FUND


Peter A Kinney

31 Oct 11

LANSDOWNE DEVELOPED MARKET FUND, LTD (GBP)


NNI
Peter Davies, Stuart Roden, Jonathon Regis

31 Jul 01

LAZARD GLOBAL HEXAGON FUND


Jean-Daniel Malan

31 May 10

LOREM IPSUM MASTER FUND LP


John Segrich

31 Jul 13

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

MS ASCEND UCITS FUND CLASS I EUR


Malcolm Fairbairn

30 Apr 11

NEVSKY FUND PLC (COMPOSITE)


Martin Taylor and Nick Barnes

30 Sep 00

PARUS FUND PLC USD CLASS


Parus Finance, Fabrice Vecchioli

31 Dec 02

M
Q

Q
M
M
M

M
Q
Q
M
M

M
W
M

144M
Apr 15

17,486.86

$400M
Jul 15

212.55

$100M
Jun 15

1,396.79

$77M
Sep 15

312.50

$683M
May 15

674.76

$250M
Oct 15

160.10

$9'780M
Jul 15

788.64

$396M
Aug 15

128.28

$106M
Jun 15

120.89

$1'102M
Oct 15

173.00

$6'927M
Oct 15

473.40

$1'155M
Oct 15

245.10

$1'626M
May 15

1,678.79

$237M
Oct 15

1,124.12

$1'587M
Oct 15

1,325.37

Bi-weekly $569M
Nov 15

566.83

01 Dec
15

MTD

YTD

2014

Ytd Avg. 2015


6.26%
0.16%
0.77%
-1.64%

2013

1.85%

2012

0.77%

Ann. Return

4.29%

Ann. Vol

Max
Drawdown1

2.95%

(2.89%)
Apr 11 - May 12

24 Nov
15

0.62%

31 Oct
15

7.00%

31 Oct
15

6.93%

30 Nov
15

0.89%

31 Oct
15

3.58%

20 Nov
15

1.31%

30 Nov
15

0.57%

31 Oct
15

6.80%

30 Nov
15

0.32%

27 Nov
15

1.21%

24 Nov
15

3.51%

11.45%

6.78%

10.56%

19.44%

8.84%

10.76%

(16.50%)
May 08 - Oct 08

12.13%

-1.36%

19.76%

13.1%

8.52%

9.01%

(10.31%)
Feb 14 - Apr 14

2.60%

7%

13.13%

6.27%

10.33%

14.55%

(37.31%)
May 08 - Jan 09

14.01%

12.63%

19.15%

16.28%

13.73%

16.17%

(33.75%)
Feb 09 - Jun 10

9.24%

6.56%

15.74%

16.75%

12.48%

5.16%

(4.15%)
May 15 - Sep 15

16.94%

11.49%

33.26%

17.87%

15.52%

10.67%

(20.07%)
Dec 10 - Dec 11

4.06%

-2.22%

8.97%

13.27%

4.44%

4.68%

(7.37%)
May 11 - Sep 11

(0.94%)

12.27%

8.69%

8.78%

14.67%

(18.51%)
May 15 - Sep 15

4.85%

8.23%

23.82%

11.78%

14.59%

12.56%

(30.15%)
Sep 87 - Oct 87

11.22%

8.44%

21.61%

7.45%

13.24%

8.83%

(23.24%)
Oct 07 - Oct 08

3.25%

6.3%

13.37%

6.83%

14.23%

9.35%

(7.61%)
Jan 15 - Apr 15

30 Nov (0.83%)
15

15.18%

27 Nov
15

0.54%

2.74%

31 Oct
15

1.99%

30 Nov
15

1.70%

8.51%

16.46%

15.46%

12.31%

11.31%

(30.04%)
May 08 - Nov 08

5.11%

12.16%

-0.14%

2.59%

3.82%

(7.23%)
May 11 - Dec 12

1.56%

-1.43%

18.07%

14.61%

18.68%

13.78%

(22.14%)
Oct 07 - Feb 09

11.87%

3.75%

26.37%

23.69%

17.00%

14.09%

(15.49%)
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

24

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Equity-Diversified/Global
PASSPORT GLOBAL STRATEGY FUND
John Burbank

31 Jul 00

PASSPORT LONG SHORT STRATEGY FUND


John Burbank, Tim Garry

30 Jun 10

PASSPORT SPECIAL OPPORTUNITIES FUND LTD


CLASS AA
John Burbank

30 Apr 08

PLATINUM FUND LTD


Kerr Neilson

31 May 94

RWC GLOBAL INNOVATION ABSOLUTE ALPHA FUND


-BPriya Kodeeswaran

31 Jan 10

SR GLOBAL FUND C - INTERNATIONAL (Real Perf)


Hugh Sloane

31 Dec 93

Q
M
HY

M
D

SR GLOBAL FUND INC - G - GLOBAL OPPORTUNITIES 29 Feb 96


PTF (Real Perf)
Richard Chenevix-Trench

SR PHOENICIA INC CLASS -A- SERIES 1


Richard Atherton

31 Jul 01

STANDARD PACIFIC CAPITAL -BDoug Dillard and Raj Venkatesan

30 Sep 95

STK CAPITAL GLOBAL EQUITIES


Daniel Grozdea

30 Nov 10

Q
M

$2'100M
Nov 15

1,106.93

$543M
Aug 15

141.95

$476M
Oct 15

257.12

$410M
Sep 15

86.20

$70M
Sep 15

141.02

$645M
Aug 15

720.82

$445M
Aug 15

1,411.90

$120M
Jan 15

520.27

$145M
Oct 15

537.18

$107M
Oct 15

135.16

Date

31 Dec 04

ALPHAGEN HOKUTO FUND LTD - CLASS A


John Stewart & Robert Tull

31 Oct 00

ALPHAGEN 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

SFP VALUE REALIZATION FUND


Greg McEntyre

31 Oct 03

M
M
M
Q
M
Q

$103M
Oct 15

205.69

$161M
Feb 15

220.78

$346M
Feb 15

287.17

$465M
Feb 15

2,992.45

$259M
Aug 15

21.78

$376M
Oct 15

466.70

YTD

2014

Ytd Avg. 2015


6.26%
30 Nov (3.40%) 8.99%
0.9%
15
31 Oct
15

(1.20%)

7.12%

-6.24%
9.94%

27 Nov (1.09%)
15

(2.10%)

-2.67%

26 Nov (0.79%)
15

10.91%

30 Nov (2.40%)
15

8.54%

30 Nov (2.40%)
15

2.56%

30 Nov (2.48%)
15

2.55%

31 Oct
15

3.10%

5.53%

31 Oct
15

4.72%

31 Oct
15
27 Nov
15

2013

23.02%

2012

11.08%

Ann. Return

16.96%

Ann. Vol

Max
Drawdown1

25.30%

(52.74%)
Jun 08 - Dec 08

19.89%

12.13%

6.78%

8.21%

(10.06%)
Apr 11 - Dec 11

31 Oct (11.80%) 21.53%


15

Equity-Diversified/Japan
AKAMATSU FUND
Philip Kay

MTD

45.5%

-5.67%

13.41%

26.04%

(43.24%)
Jun 08 - Nov 08

21.76%

17.44%

10.53%

12.16%

(30.48%)
Oct 07 - Feb 09

0.29%

12.92%

6.59%

6.08%

6.80%

(6.47%)
Feb 14 - Apr 14

8.36%

36.28%

1.03%

12.43%

20.73%

(50.10%)
Apr 08 - Aug 12

2.7%

18.09%

-0.88%

17.52%

17.40%

(37.25%)
Oct 07 - Feb 09

4.63%

20.89%

8.13%

12.19%

17.49%

(56.02%)
Oct 07 - Feb 09

-0.04%

20.2%

-4.66%

8.72%

8.22%

(15.87%)
Jul 11 - Nov 12

(1.76%)

5.27%

16.09%

9.35%

6.31%

8.57%

(10.57%)
Feb 15 - Sep 15

Ytd Avg. 2015


7.36%
2.32%
2.35%
5.88%

21.71%

-3.45%

6.88%

7.02%

(12.18%)
Mar 12 - Oct 12

0.89%

5.04%

0.57%

7.4%

-1.01%

5.39%

4.18%

(4.80%)
May 11 - Aug 12

27 Nov (0.73%)
15

7.60%

20 Nov
15

1.99%

17.24%

30 Nov
15

1.30%

30 Nov
15

4.20%

-1.17%

26.63%

-0.58%

7.08%

9.98%

(19.05%)
Feb 11 - Aug 12

2.91%

23.38%

4.89%

9.18%

8.26%

(11.76%)
Jun 09 - Oct 10

1.09%

-5.48%

28.56%

4.23%

5.17%

8.30%

(15.76%)
Apr 10 - May 12

19.10%

10.82%

82.11%

44.54%

13.59%

19.37%

(55.47%)
Jan 06 - Oct 10

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

25

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Equity-Diversified/Japan
SR GLOBAL FUND H - JAPAN (Real Perf)
Hugh Sloane, Alex Kydd

30 Sep 03

UMJ KOTOSHIRO FUND


Masahiro Koshiba

31 Oct 08

M
M

$140M
Aug 15

191.25

$228M
Nov 15

205.60

Equity-Diversified/Russia
FIREBIRD NEW RUSSIA FUND, LTD - CLASS A
Harvey Sawikin & Ian Hague

30 Jun 96

$92M
Oct 15

1,635.51

$5'133M
Oct 15

264.06

$545M
Oct 15

226.40

$140M
Jan 15

57.87

$970M
Oct 15

138.50

$463M
Feb 15

1,082.39

$126M
Oct 15

4,600.68

$452M
Oct 15

211.35

$2'433M
Oct 15

10,972.49

$97M
Oct 15

248.08

$393M
Aug 15

802.36

$551M
Mar 15

401.26

$148M
Oct 15

262.00

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 FUND LIMITED SHARES A-1


Martin Hughes

31 Oct 97

THREADNEEDLE UK ABSOLUTE ALPHA FUND


Chris Kinder & Mark Westwood

30 Sep 10

M
M
M
D

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

ASCEND PARTNERS FUND II LTD - A


Malcolm Fairbairn

31 Jan 04

BAY RESOURCES PARTNERS OFFSHORE FUND


Thomas Claugus

31 Jul 98

M
Q/Y

Q
M

BCM WESTON LP (BILLINGS CAPITAL MANAGEMENT) 31 Jan 08


Billings Capital Management LLC

COBALT OFFSHORE LTD


Wayne Cooperman

31 Dec 96

ELM RIDGE CAPITAL PARTNERS L.P.


Ronald Gutfleish

31 Dec 99

FJ CAPITAL FINANCIAL OPPORTUNITY FUND LTD


Martin Friedman

31 Dec 07

Q
Q

30 Nov
15
31 Oct
15

MTD

YTD

2014

Ytd Avg. 2015


7.36%
1.80%
4.96%
0.41%

2013

62.51%

2012

Ann. Return

31.05%

5.74%

Ann. Vol

Max
Drawdown1

20.03%

(35.57%)
Mar 08 - Jul 10

0.73%

1.54%

15.2%

32.05%

17.83%

10.84%

7.84%

(9.48%)
Jul 09 - Sep 10

Ytd Avg. 2015


1.45%
20 Nov (0.71%) 1.45%
-34.59%
15
Ytd Avg. 2015
5.10%
27 Nov 1.01%
6.97%
4.01%
15
30 Nov
15

0.88%

31 Oct
15

(0.29%)

7.22%

6.93%

4.08%

11.42%

15.49%

38.16%

(81.79%)
Mar 98 - Sep 98

16.77%

3.87%

9.45%

5.87%

(10.72%)
May 07 - Mar 08

6.42%

4.27%

8.02%

5.57%

(11.70%)
Jun 08 - Oct 08

0.89%

-15.72%

63.74%

1.06%

10.29%

15.04%

(35.27%)
May 98 - Oct 98

18 Nov (0.03%) 5.33%


5.4%
15
Ytd Avg. 2015
(2.04%)
20 Nov (3.17%) (3.67%)
-6.92%
15
01 Dec
15

0.65%

30 Nov
15

0.36%

31 Oct
15

6.40%

31 Oct
15

7.10%

0.64%

2.76%

10.7%

2.91%

6.55%

3.76%

(3.17%)
Jun 11 - Sep 11

20.33%

3.85%

11.00%

18.72%

(44.44%)
May 08 - Dec 08

16.27%

6.17%

10.00%

7.11%

(9.98%)
May 08 - Feb 09

2.58%

4.75%

11.59%

3.48%

6.53%

4.14%

(5.23%)
Apr 11 - Dec 11

1.62%

5.04%

22.23%

9.24%

14.88%

15.56%

(39.02%)
May 08 - Feb 09

3.45%

3.42%

50.32%

15.2%

12.43%

11.53%

(13.70%)
Mar 11 - Sep 11

30 Nov (1.37%)
15

(0.30%)

4.92%

4.49%

11.63%

7.85%

(19.53%)
Apr 98 - Sep 98

30 Nov (3.90%) (23.62%)


15

-1.31%

31 Oct
15

9.76%

3.22%

8.88%

14.54%

22.28%

-14.08%

9.12%

13.43%

(29.32%)
Aug 14 - Sep 15

25.15%

25.9%

13.07%

13.45%

(27.44%)
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

26

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Equity-Diversified/USA
GLENVIEW CAPITAL PARTNERS (CAYMAN), LTD.
Lawrence M. Robbins

31 Dec 00

GREENLIGHT CAPITAL OFFSHORE, LTD - A/1


David Einhorn

30 Sep 96

IVORY CAPITAL FLAGSHIP STRATEGY


Curtis Macnguyen

30 Nov 98

IVORY OPTIMAL FUND LTD


Curtis Macnguyen

31 Dec 08

MARK PARTNERS LP
Morris Mark

30 Jun 85

MARLIN FUND LP
Michael Masters

30 Jun 95

NEUBERGER BERMAN US LONG SHORT EQUITY


FUND
Neuberger Berman Group LLC

28 Feb 14

OKUMUS OPPORTUNISTIC VALUE FUND, LTD CLASS


A
Ahmet H. Okumus

31 Dec 12

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
Q
Q
Q
M
D

HY

M
M
D
Q
Q
Q

$3'733M
Oct 15

602.47

$4'047M
Jan 15

136,470.46

$868M
Oct 15

4,229.62

$1'811M
Oct 15

199.16

$99M
Jul 15

6,863.98

$417M
Oct 15

12,528.37

$288M
Aug 15

10.16

$540M
Nov 15

204.34

$2'686M
Mar 15

825.92

$2'112M
Jul 15

249.02

$483M
Oct 15

141.73

$525M
Mar 15

420.40

$1'147M
Oct 15

752.99

$1'894M
Jul 15

110,345.80

Date

MTD

YTD

2014

Ytd Avg. 2015


(2.04%)
30 Nov (1.38%) (16.99%) 14.44%
15
30 Nov (4.60%) (20.14%)
15

7.51%

27 Nov (2.22%)
15

(5.19%)

6.8%

27 Nov (3.08%)
15

(6.71%)

30 Nov
15

1.20%

31 Oct
15

8.08%

02 Dec
15

4.21%

30 Nov
15

1.45%

42.9%

2012

24.24%

Ann. Return

12.79%

Ann. Vol

Max
Drawdown1

16.31%

(49.17%)
May 07 - Dec 08

18.76%

7.66%

14.60%

11.04%

(27.17%)
May 08 - Oct 08

17.07%

10.5%

8.85%

5.99%

(12.61%)
May 08 - Nov 08

11.31%

28.31%

16.41%

10.48%

8.45%

(10.14%)
Apr 11 - Sep 11

6.97%

1.33%

38.27%

19.89%

14.90%

20.71%

(76.22%)
Dec 99 - Sep 02

(6.35%)

21.72%

77.47%

31.53%

26.79%

24.98%

(60.15%)
Oct 07 - Feb 09

(2.88%)

4.61%

0.91%

6.89%

(8.11%)
Mar 15 - Nov 15

17.13%

29.71%

34.49%

27.78%

15.66%

(15.77%)
Oct 14 - Jan 15

30 Sep (6.34%) (12.02%)


15

-2.13%

30 Nov (0.42%)
15

14.95%

13.84%

01 Dec
15

6.26%

0.14%

30.02%

25.66%

9.29%

14.61%

(42.55%)
May 07 - Feb 09

16.78%

8.29%

9.22%

10.44%

(35.73%)
May 07 - Apr 09

5.45%

14.28%

16.32%

5.82%

5.81%

(9.19%)
Apr 10 - Dec 11

31 Aug (5.20%) (10.45%)


15

-3.59%

30 Nov (1.80%)
15

11.04%

31 Oct
15

2013

(0.52%)

(7.19%)

23.57%

21.5%

9.98%

11.82%

(17.57%)
Mar 10 - Aug 10

23.18%

5.08%

12.22%

12.16%

(15.62%)
May 02 - Mar 03

2.59%

4.64%

21.25%

-1.18%

14.14%

14.86%

(50.23%)
Feb 00 - Dec 02

Equity-Energy
Ytd Avg. 2015

(31.09%)

Equity-Energy/USA
DORSET ENERGY FUND, LTD - CLASS A
David M. Knott, Donald Textor

31 Oct 00

$233M
May 15

27.90

Ytd Avg. 2015


(31.09%)
30 Nov (5.51%) (31.09%)
-27.2%
15

29.76%

-6.43%

7.04%

23.19%

(60.36%)
Jun 14 - Sep 15

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

27

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Equity-Financial
Ytd Avg. 2015

8.80%

Equity-Financial/Global
ABACO FINANCIALS FUND
Abaco Asset Management LLP

31 May 03

LANSDOWNE GLOBAL FINANCIALS FUND LTD.


-N-USD
William de Winton

30 Jun 04

MARSHALL WACE - MW GLOBAL FINANCIALS M/N A


USD
Amit Rajpal

31 Oct 08

TOSCA CLASS A - USD


Johnny de la Hey

30 Sep 00

WELLINGTON MANAGEMENT INV BERMUDA LTD BAY 31 Dec 95


POND A/1 NI
Nicholas C. Adams, Partner

M
M

M
HY

$375M
Oct 15

234.02

$183M
Apr 15

289.68

$98M
Oct 15

149.95

$790M
Oct 15

305.33

$4'951M
Sep 15

240.71

31 Oct
15

Ytd Avg. 2015


8.80%
0.12%
9.32%
-11.47%

15.74%

4.84%

7.08%

5.98%

(11.68%)
Nov 13 - Dec 14

20 Nov
15

1.98%

24 Nov
15

0.07%

12 Nov
15

0.94%

31 Oct
15

3.40%

0.80%

-12.33%

23.03%

17.78%

9.78%

13.14%

(26.25%)
Apr 10 - May 12

8.75%

6.52%

5.76%

-0.75%

5.90%

5.51%

(8.01%)
Nov 11 - Aug 12

14.68%

-6.79%

30.5%

24.94%

7.66%

16.55%

(67.54%)
Dec 07 - Nov 08

10.47%

-1.68%

20.27%

20.41%

17.38%

16.37%

(63.22%)
Apr 98 - Mar 99

Equity-Healthcare
Ytd Avg. 2015

(2.62%)

Equity-Healthcare/Global
CCI HEALTHCARE PARTNERS LTD
Oliver Marti, CCI Healthcare Partners

31 Dec 00

CCI MICRO HEALTHCARE PARTNERS LTD


Oliver Marti, CCI Healthcare Partners

31 Dec 12

JENOP GLOBAL HEALTHCARE FUND LTD SERIES A


David Chan

31 Oct 12

M
Q
W

MLIS - CCI HEALTHCARE LONG SHORT UCITS FUND - 31 Jan 10


B (acc) USD
Oliver Marti, CCI Healthcare Partners

VISIUM INSTITUTIONAL PARTNERS FUND LTD


Jacob Gottlieb, Visium Asset Management

31 May 10

$866M
Oct 15

326.15

$58M
Oct 15

197.88

$217M
Oct 15

14.98

$506M
Oct 15

140.13

$116M
Apr 15

133.54

31 Oct
15

Ytd Avg. 2015


(2.62%)
(2.13%) (9.02%)
7.67%

26.54%

6.56%

8.29%

8.71%

(17.89%)
Oct 07 - Sep 08

31 Oct
15

(0.05%)

24 Nov
15

1.83%

01 Dec
15

1.10%

30 Nov
15

1.95%

2.80%

20.54%

59.69%

27.24%

22.32%

(17.78%)
Feb 14 - May 14

(2.99%)

21.95%

27.17%

-0.45%

14.08%

14.40%

(15.51%)
Jul 15 - Oct 15

(6.56%)

7.41%

26.97%

5.51%

5.95%

9.40%

(14.06%)
Mar 15 - Oct 15

2.67%

2.11%

20.91%

5.73%

5.40%

7.06%

(9.44%)
Jun 15 - Oct 15

Equity-Mid-Small Cap
Ytd Avg. 2015

(4.79%)

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

28

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Equity-Mid-Small Cap/Europe
POLAR CAPITAL EUROPEAN FORAGER FUND LTD AX
Robert Gurner & Andrew Marsh

31 Jul 03

584M
Oct 15

311.82

Equity-Mid-Small Cap/UK
ALPHAGEN VOLANTIS FUND, LTD - A (USD)
Rob Giles & Adam McConkey

30 Apr 02

$360M
Oct 15

458.64

$100M
Jul 15

180.48

$188M
Oct 15

169.16

$170M
Oct 15

2,167.86

$802M
Jun 15

2,477.24

$72M
Oct 15

2,718.28

$68M
Oct 15

340.07

Equity-Mid-Small Cap/USA
COOPER CREEK PARTNERS LLC
Robert Schwartz

31 Oct 08

HARBOUR HOLDINGS LTD


Charles A. Paquelet

31 Dec 85

HARVEY PARTNERS LLC


Jeff Moskowitz and Jim Schwartz

31 Jan 06

SENVEST PARTNERS, LTD - CLASS A


Richard Mashaal

31 Mar 97

TONGA PARTNERS LP
J. Carlo Cannell, Cannell Capital LLC

30 Jun 92

TRISTAN PARTNERS LP
J. Carlo Cannell, Cannell Capital LLC

31 May 05

Q
M
Q
Q
HY
HY

Date

MTD

YTD

2014

Ytd Avg. 2015


(3.66%)
27 Nov (0.15%) (3.66%)
4.76%
15
Ytd Avg. 2015
(5.36%)
27 Nov (2.97%) (5.36%)
-2.54%
15
Ytd Avg. 2015
(4.88%)
30 Nov (0.80%) 4.96%
2%
15
31 Oct
15

6.60%

(9.83%)

8.83%

2013

11.79%

2012

11.93%

Ann. Return

9.66%

Ann. Vol

Max
Drawdown1

7.17%

(21.47%)
Oct 07 - Feb 09

13.46%

12.7%

11.86%

8.44%

(12.87%)
Jun 14 - Nov 15

27.15%

9.93%

8.69%

9.96%

(22.12%)
Feb 11 - Sep 11

26.65%

14.64%

17.33%

22.82%

(49.05%)
May 07 - Feb 09

30 Nov (2.34%)
15

(7.64%)

3.63%

15.93%

9.43%

8.18%

7.53%

(9.47%)
Jun 15 - Nov 15

30 Nov (0.24%) (12.42%)


15

22.21%

30 Nov (4.10%)
15

(4.51%)

12.36%

30 Nov (2.60%)
15

0.13%

79.39%

34.84%

18.75%

36.32%

(70.54%)
Feb 00 - Sep 02

34.84%

24.02%

15.14%

15.13%

(50.33%)
Jun 07 - Apr 09

-3.87%

38.52%

17.18%

12.36%

16.08%

(49.97%)
Jun 07 - Feb 09

Equity-Pharma-Biotech
Ytd Avg. 2015

11.11%

Equity-Pharma-Biotech/USA
PERCEPTIVE LIFE SCIENCES OFFSH FUND, LTD
Joseph Edelman

31 Jul 00

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
Q/Y

$1'143M
Sep 15

1,574.66

$53M
Aug 15

2,485.25

$3'529M
Oct 15

277.65

Ytd Avg. 2015


11.11%
30 Nov 16.11% 32.38%
20.3%
15
30 Nov (1.47%)
15
30 Nov
15

0.97%

(3.14%)

25.55%

43.88%

27.75%

19.68%

16.59%

(24.43%)
Dec 07 - Nov 08

20.95%

13.88%

6.51%

11.39%

(32.70%)
Oct 07 - Feb 09

4.08%

7.78%

18.57%

10.31%

10.65%

8.77%

(15.79%)
Aug 08 - Dec 08

Equity-Technology
Ytd Avg. 2015

4.77%

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

29

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Equity-Technology/Global
EXANE ARCHIMEDES FUND CLASS A CAP
Gilles Lenoir and Csar Zeitouni

30 Sep 06

957M
Oct 15

17,484.95

01 Dec
15

Equity-Technology/USA
SELIGMAN TECH SPECTRUM FUND CLASS
-A1-S/2-2002
J. & W. Seligman & Co. Incorporated

31 Dec 06

$414M
Oct 15

466.76

31 Oct
15

MTD

YTD

2014

Ytd Avg. 2015


2.78%
0.02%
2.78%
8.21%

2013

3.84%

2012

-0.19%

Ann. Return

6.28%

Ann. Vol

Max
Drawdown1

4.39%

(5.10%)
Nov 11 - May 12

Ytd Avg. 2015


6.76%
5.57%
6.76%

30%

11.22%

0.65%

10.06%

11.62%

(19.91%)
May 08 - Nov 08

Equity-Utility
Ytd Avg. 2015

9.02%

Equity-Utility/Europe
CYGNUS UTILITIES, INFRASTRUCTURE &
RENEWABLES
Cygnus Asset Management

30 Apr 06

$270M
Nov 15

1,888.34

31 Oct
15

Equity-Utility/Global
ELECTRON GLOBAL FUND, L.P.
Electron Capital Partners, LLC

28 Feb 13

$390M
Sep 15

130.28

30 Nov
15

Ytd Avg. 2015


1.15%
1.69%
1.15%
4.09%

2.98%

10.88%

6.91%

7.34%

(10.69%)
Nov 09 - Aug 11

Ytd Avg. 2015


16.88%
1.73% 16.88%
-2.84%

14.71%

10.08%

8.00%

(7.85%)
May 15 - Aug 15

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

30

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Equity-Diversified
Ytd Avg. 2015

(5.92%)

Equity-Diversified/USA
MARCATO INTERNATIONAL LTD
Richard McGuire, Marcato Capital Management LLC

30 Sep 10

$1'784M
Aug 15

164.50

Ytd Avg. 2015


(5.92%)
30 Nov (1.80%) (5.92%)
5.33%
15

26.16%

28.67%

10.11%

13.92%

(17.63%)
Mar 11 - Sep 11

Merger-Arbitrage
Ytd Avg. 2015

(0.50%)

Merger-Arbitrage/Global
TIG ARBITRAGE ENHANCED FUND
Drew Figdor

31 Dec 06

$365M
Oct 15

215.31

31 Oct
15

Ytd Avg. 2015


(0.50%)
0.26% (0.50%)
1.72%

13.34%

7.34%

9.06%

7.91%

(10.97%)
Oct 07 - Oct 08

Multi-Strategy
Ytd Avg. 2015

(3.39%)

Multi-Strategy/Europe
MLIS - OZ EUROPE UCITS FUND CLASS B EUR
David Windreich, Och-Ziff Capital Management Group

31 Mar 11

PORTLAND HILL OVERSEAS FUND LTD


Thierry Lucas

31 May 12

W
M

$379M
Oct 15

114.27

$99M
Oct 15

148.06

Multi-Strategy/Global
AG SUPER FUND INTERNATIONAL, LTD
Michael Gordon & Dave Kamin

30 Apr 93

ALTAI CAPITAL PARTNERS OFFSHORE, LTD


ALTAI CAPITAL MANAGEMENT, L.P.

31 Oct 09

ANDALUSIAN CORPORATE OPPORTUNITIES FUND


LP
Michael Reeber, Harrison M. Wreschner

31 Jul 09

DAVIDSON KEMPNER INTL, LTD - CLASS C Tranche 1


Thomas L. Kempner, Jr.

31 Oct 95

DROMEUS GLOBAL OPPORTUNITIES FUND


Dromeus Capital Management Ltd

30 Jun 08

GREYWOLF CAPITAL OVERSEAS FUND


Greywolf Capital Management LP

31 Jul 03

KG INVESTMENT FUND LLC


KG Funds Management LLC

31 Dec 08

Y
Q
Q

Q
M
Q
Q

$652M
Sep 15

1,655.97

$183M
Oct 15

148.19

$209M
Nov 15

227.06

$7'257M
Mar 15

499.23

$61M
Aug 15

200.45

$1'027M
Oct 15

263.45

$142M
Nov 15

325.33

01 Dec
15
30 Nov
15

Ytd Avg. 2015


11.60%
0.19%
6.02%
-6.7%

10.74%

2.90%

6.38%

(10.96%)
Apr 11 - Nov 11

0.67%

17.19%

0.25%

17.1%

7.62%

11.86%

7.46%

(4.64%)
Feb 14 - Jul 14

Ytd Avg. 2015


(5.59%)
27 Nov (0.60%) (4.99%)
2.63%
15
31 Oct
15

7.53%

31 Oct
15

1.66%

27 Nov
15

0.05%

31 Oct
15

0.40%

31 Oct
15

14.37%

(32.47%)

24.91%

16.86%

13.67%

9.14%

5.41%

(24.78%)
Jun 07 - Dec 08

52.07%

-0.05%

6.77%

22.97%

(44.33%)
Jun 15 - Sep 15

(16.89%)

5.37%

41.15%

30.08%

14.01%

11.10%

(23.67%)
Aug 14 - Sep 15

1.99%

5.15%

10.24%

8.49%

8.33%

3.71%

(11.22%)
Oct 07 - Nov 08

(9.89%)

1.92%

11.65%

20.78%

9.94%

9.48%

(16.91%)
Jun 14 - Sep 15

(1.60%) (12.87%)

30 Nov (0.54%)
15

5.67%

15.74%

3.8%

8.22%

9.61%

(27.67%)
Jul 07 - Dec 08

15.37%

8.97%

26.85%

21.93%

18.59%

13.18%

(20.31%)
Dec 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

31

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Multi-Strategy/Global
KITE LAKE (KL) SPECIAL OPPORTUNITIES FUND LTD
Jamie Sherman & Jan Lernout

31 Jan 11

OWL CREEK OVERSEAS FUND, LTD


Jeffrey Altman

31 Jan 02

PERSHING SQUARE INTL.LTD


William Ackman

31 Dec 04

PSAM WORLDARB MASTER FUND LTD


P. Schoenfeld Asset Management LP

31 Aug 98

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

TRISHIELD SPECIAL SITUATIONS FUND LLC


Jeff Buick and Robert Harteveldt.

31 May 08

TYRUS CAPITAL EVENT FUND LTD


Tony Chedraoui

30 Sep 09

WHITEBOX MULTI-STRATEGY FUND


Andrew Redleaf, Paul Twitchell, Rob Vogel, Jason Cross

31 Dec 01

Q
Y
Q/Y
Q
Q
Q
Q
Y
Q
Q

$160M
Oct 15

137.98

$2'714M
Oct 15

4,490.55

$4'809M
Oct 15

4,249.50

$1'250M
Nov 15

346.63

$3'990M
Nov 15

1,233.24

$122M
Oct 15

161.45

$2'964M
Aug 15

230.07

$184M
Oct 15

4,708.80

$2'400M
Oct 15

154.59

$489M
Aug 15

558.93

$158M
Oct 15

221.29

Multi-Strategy/USA
MOAB PARTNERS OFFSHORE FUND LTD
Moab Capital Partners, LLC, Michael Rothenberg

31 Mar 06

31 Oct
15

MTD

YTD

2014

Ytd Avg. 2015


(5.59%)
0.99%
6.09%
1.31%
(3.12%)

-8%

11.94%

Ann. Return

7.01%

Ann. Vol

Max
Drawdown1

5.50%

(8.21%)

48.63%

11.07%

11.46%

12.72%

(20.92%)
Mar 10 - Sep 11

24 Nov (1.70%) (16.78%)


15

37.24%

31 Oct
15

1.17%

3.51%

30 Nov
15

0.03%

31 Oct
15

0.51%

27 Nov
15

1.91%

30 Nov
15

9.44%

2012

Mar 12 - Jun 12

30 Nov (0.60%)
15

31 Oct
15

2013

(4.50%)

9.3%

12.39%

14.19%

14.31%

(23.74%)
Jul 15 - Nov 15

18.08%

10.66%

7.50%

6.64%

(29.14%)
May 07 - Nov 08

(0.03%)

10.04%

31.78%

9.11%

19.77%

13.68%

(21.93%)
Feb 08 - Apr 09

(8.45%)

-7.02%

12.75%

11.33%

5.97%

10.50%

(25.61%)
Aug 08 - Mar 09

6.28%

10.52%

40.06%

0.9%

8.77%

13.15%

(30.56%)
May 07 - Feb 09

(0.31%) (13.72%)

15.65%

22.84%

52.21%

23.22%

29.86%

(31.26%)
Feb 11 - Oct 11

1.99%

(0.25%)

7.65%

20 Nov (0.27%) (0.75%)


6.16%
15
Ytd Avg. 2015
3.99%
30 Nov 1.10%
3.99%
9.77%
15

15.74%

6.77%

7.31%

7.49%

(13.84%)
Jun 14 - Sep 15

18.09%

11.38%

13.18%

9.45%

(34.40%)
Jun 08 - Dec 08

18.26%

4.76%

8.56%

7.44%

(16.75%)
Aug 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

32

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Fixed Income
Ytd Avg. 2015

2.01%

Fixed Income/Global
AXONIC SYSTEMATIC ARBITRAGE OVERSEAS FUND
LTD
Olivier De Bellefonds, Arnaud De Bevy

31 Mar 12

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

III FUND LTD


Cliff G Viner

30 Jun 93

III RELATIVE VALUE CREDIT STRATEGIES FUND LTD


Lester Coyle

31 Oct 05

KLS DIVERSIFIED FUND LTD


Jeff Kronthal ; Harry Lengsfield ; John Steinhardt

31 Jul 08

LMR ALPHA RATES TRADING FUND, LTD


LMR Partners

31 May 14

LONDON DIVERSIFIED FUND, LTD - E


Robert Standing

30 Jun 05

PELAGUS CAPITAL FUND


Bruno Usai

31 Dec 07

PINE RIVER LIQUID RATES FUND


Pine River Capital Management L.P.

30 Nov 11

PROLOGUE FEEDER FUND, LTD. CLASS A


David Lofthouse, Graham Walsh

31 Jan 06

SANCTUM FIXED INCOME FUND


Sanctum FI, LLP

31 Aug 03

M
Q
M
Q
M
M
Q
M

$254M
Oct 15

127.76

$5'600M
Oct 15

216.85

$2'100M
Nov 15

7,100.92

$7'872M
Nov 15

258.53

$118M
Oct 15

4,081.74

$139M
Aug 15

1,753.10

$1'013M
Nov 15

166.65

$398M
Oct 15

120.63

$152M
Jul 15

1,076.68

$37M
Oct 15

189.77

$1'104M
Dec 15

143.77

$856M
Oct 15

1,911.59

$236M
Nov 15

192.31

31 Oct
15

Ytd Avg. 2015


2.01%
(0.87%) (8.20%)
18.57%

22.85%

-4.45%

7.07%

10.45%

(10.06%)
Jun 12 - Sep 12

30 Nov
15

0.91%

27 Nov
15

0.75%

30 Nov
15

0.59%

1.35%

3.78%

6.04%

14.73%

8.80%

5.06%

(10.54%)
Jun 08 - Dec 08

2.07%

5.23%

10.83%

34.27%

10.62%

9.08%

(20.93%)
Jan 08 - Feb 09

7.21%

8.15%

7.56%

0.43%

9.79%

4.34%

(7.41%)
Feb 08 - Mar 08

20 Nov (0.55%)
15

1.45%

20 Nov (2.07%)
15

(6.44%)

31 Oct
15

0.72%

27 Nov
15

1.20%

31 Oct
15

(0.86%)

2.87%

13.44%

11.83%

6.48%

10.68%

(54.77%)
Jan 08 - Nov 08

5.23%

8.5%

10.22%

5.74%

7.66%

(31.27%)
Nov 07 - Dec 08

1.37%

6.76%

1.58%

7.35%

7.29%

3.33%

(4.10%)
Apr 13 - Jul 13

14.96%

4.93%

13.38%

2.71%

(0.15%)
Mar 15 - Apr 15

(3.26%)

0.27%

0.45%

4.86%

0.72%

6.33%

(29.25%)
Jan 08 - Dec 08

30 Nov (0.05%)
15

(3.16%)

30 Nov
15

1.36%

11.12%

20 Nov
15

0.98%

-4.09%

3.38%

4.47%

8.42%

5.57%

(8.75%)
Oct 13 - Jun 15

2.27%

7.96%

11.71%

9.49%

6.07%

(7.68%)
Mar 12 - May 12

27 Nov (0.98%)
15

2.56%

-3.34%

2.51%

6.02%

6.83%

3.89%

(6.61%)
May 13 - Aug 14

5.10%

-0.27%

3.36%

1.91%

5.48%

8.51%

(23.61%)
Jul 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

33

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Arbitrage
Ytd Avg. 2015

2.20%

Arbitrage/Global
HSBC MAA FUND USD
HSBC Alternative Investments Limited

15 Jun 95

Q/M

$90M
May 15

224.85

20 Nov
15

Ytd Avg. 2015


2.20%
0.32%
2.20%
4.48%

4.95%

4.21%

4.04%

4.55%

(25.30%)
Jul 07 - Dec 08

Event Driven
Ytd Avg. 2015

(2.14%)

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 - USD


CLASS
HSBC Alternative Investments Limited

28 Feb 07

$73M
Jun 15

2,303.34

$42M
May 15

119.63

$68M
May 15

133.00

Ytd Avg. 2015


(2.14%)
27 Nov (0.78%) (4.17%)
-0.44%
15
20 Nov (0.16%)
15

(0.57%)

20 Nov (0.64%)
15

(1.68%)

2.75%

8.61%

5.91%

6.18%

6.49%

(23.23%)
Jun 08 - Dec 08

9.19%

8.74%

4.42%

5.31%

(9.16%)
Feb 11 - Dec 11

4.75%

13.97%

20.63%

3.32%

9.44%

(35.45%)
Jun 08 - Mar 09

Macro
Ytd Avg. 2015

1.52%

Macro/Global
MASTERS FUND LTD MAGNOLIA SERIES
Sean M. Doyle

31 Dec 96

$272M
Jun 15

5,337.61

20 Nov
15

Ytd Avg. 2015


1.52%
2.11%
1.52%
1.97%

11.1%

1.49%

9.27%

8.40%

(9.96%)
Jul 98 - Oct 98

Multi-Strategy
Ytd Avg. 2015

2.04%

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 TRADING II USD


David Smith, Arvin Soh

30 Apr 97

Q
M
M

$133M
Jul 15

184.03

$506M
Jun 15

744.43

$770M
Jul 15

349.26

31 Oct
15

Ytd Avg. 2015


2.04%
0.85%
1.54%
1.42%

10.45%

2.61%

4.80%

4.15%

(14.18%)
Jun 08 - Dec 08

23 Nov
15

0.23%

23 Nov
15

2.39%

(1.60%)

0.19%

10.49%

6.67%

8.06%

7.79%

(19.64%)
Jan 94 - Jan 95

2.11%

4.08%

-0.45%

2.83%

6.96%

5.75%

(7.34%)
Apr 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

34

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Multi-Strategy/Global
HSBC GH FUND USD
HSBC Alternative Investments Limited

31 May 96

HSBC LEVERAGED GH FUND


HSBC Republic Investment Limited

30 Nov 04

HSBC UCITS ADVANTEDGE FUND -USD CLASS


Hsbc Alternative Inv. Ltd

31 Oct 09

M
M
W

$2'012M
May 15

346.16

$2'012M
May 15

169.59

212M
Aug 15

97.55

20 Nov
15

MTD

YTD

2014

Ytd Avg. 2015


2.04%
1.06%
4.33%
4.77%

2013

8.51%

2012

5.4%

Ann. Return

6.58%

Ann. Vol

6.13%

Max
Drawdown1

(18.30%)
Jun 08 - Dec 08

20 Nov
15

1.98%

25 Nov
15

0.06%

6.96%

7.61%

15.12%

8.72%

4.93%

10.99%

(37.09%)
Jun 08 - Dec 08

(1.11%)

-1.57%

7.25%

1.38%

(0.40%)

3.82%

(8.81%)
Apr 10 - Dec 11

Trading
Ytd Avg. 2015

2.34%

Trading/Global
HSBC TRADING ADVANTEDGE FUND
HSBC Alternative Investments Limited

31 Oct 05

$63M
Sep 15

154.70

20 Nov
15

Ytd Avg. 2015


2.34%
2.64%
2.34%
16.59%

-8.75%

-5.39%

4.43%

9.75%

(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

35

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Equity-Diversified
Ytd Avg. 2015

9.67%

Equity-Diversified/Emerging
RUSSIAN PROSPERITY FUND - A
Alexander Branis

31 Aug 96

$558M
Oct 15

145.67

19 Nov
15

Ytd Avg. 2015


9.67%
2.36%
9.67%
-43.99%

3.11%

20.19%

15.13%

43.78%

(90.26%)
Jul 97 - Jan 99

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

36

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Commodity
Ytd Avg. 2015

(2.63%)

Commodity/Global
ANDURAND COMMODITIES FUND
Pierre Andurand

31 Jan 13

MERCHANT COMMODITY FUND (THE) - COMPOSITE


Michael Coleman and Doug King

31 May 04

MERRICKS CAPITAL SOFT COMMODITIES


Merricks Capital Pty Limited

31 Jan 08

M
M
M

$615M
Nov 15

1,459.22

$208M
Oct 15

522.36

$241M
Oct 15

171.80

31 Oct
15

Ytd Avg. 2015


(2.63%)
0.60%
6.17%
38.31%

25.02%

24.74%

19.96%

(14.92%)
Jul 13 - Sep 14

30 Nov
15

4.00%

31 Oct
15

0.10%

(8.10%)

59.33%

15.77%

-7.6%

15.45%

21.94%

(36.93%)
Dec 10 - Oct 11

(5.97%)

4.06%

8.79%

4.98%

7.23%

7.09%

(10.02%)
May 15 - Sep 15

Commodity-Systematic
Ytd Avg. 2015

19.71%

Commodity-Systematic/Global
MILLBURN COMMODITY PROGRAM
Millburn Ridgefield Corporation

28 Feb 05

$83M
Oct 15

214.04

02 Dec
15

Ytd Avg. 2015


19.71%
1.94% 19.71%
28.09%

-7.65%

-15.24%

7.33%

12.49%

(30.96%)
Apr 11 - Nov 13

Currency
Ytd Avg. 2015

1.63%

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

$3'513M
Oct 15

169.24

$75M
Sep 15

184.07

30 Nov
15
20 Nov
15

Currency/Global
EURO MANAGED CURRENCY PLUS FUND
JPMorgan Asset Management

31 May 07

HARNESS MACRO CURRENCY FUND


Harness Investment Group Ltd

31 Mar 09

THE CAMBRIDGE STRATEGY - EMERGING MARKETS


CURRENCY ALPHA
Andrew Saunders

31 Jan 08

W
D
M

84M
Oct 15

108.38

$113M
Nov 15

150.65

$102M
Sep 15

190.57

27 Nov
15

Ytd Avg. 2015


(1.35%)
2.25% (8.47%)
18.75%

5.19%

0.96%

7.43%

11.44%

(13.69%)
Jul 08 - Sep 08

0.91%

5.77%

8.72%

1.06%

0.86%

6.42%

8.07%

(6.96%)
May 13 - Apr 14

Ytd Avg. 2015


3.61%
3.71%
6.33%
11.83%

-4.01%

21.37%

1.06%

14.25%

(29.16%)
Jun 07 - Aug 11

01 Dec
15

0.07%

20 Nov
15

4.20%

(2.62%)

8.28%

3.51%

17.65%

6.33%

10.58%

(13.52%)
Apr 10 - Aug 10

7.13%

16.61%

-0.3%

7.42%

8.61%

8.35%

(10.76%)
May 13 - Sep 13

Diversified
Ytd Avg. 2015

2.70%

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

37

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

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

GRATICULE ASIA MACRO FUND


Adam Levinson

28 Feb 11

RV CAPITAL ASIA OPPORTUNITY FUND


Ranodeb Roy, RV Capital Management Private Ltd

31 Dec 11

SINFONIETTA FUND
Symphony Financial Partners

30 Jun 08

M
M
Q
M
M

$496M
Oct 15

2,017.59

$2'641M
Oct 15

248.11

$3'762M
Oct 15

149.06

$211M
Oct 15

150.40

$72M
Sep 15

172.78

30 Nov
15

30 Apr 06

FINISTERRE GLOBAL OPPORTUNITY FUND


Darren Walker

31 Mar 06

GAVEA FUND LTD . CLASS A S/1


Fraga Arminio and Gabriel Srour

31 Jul 03

GREEN FUND LLC


Luis Stuhlberger

31 Jan 01

PHARO GAIA FUND, LTD


Guillaume Fonkenell and Michael Skarbinski

30 Nov 08

PHARO TRADING FUND, LTD


Guillaume Fonkenell

30 Nov 00

SPINNAKER GLOB OPP FUND, LTD COMPOSITE


Jorge Rosas

31 Jan 01

THE CAMBRIDGE STRATEGY - APOLLO (EM MACRO)


ABSOLUTE RETURN
Russell Thompson, Walid Khalfallah, Ali Bora
Yigitbasioglu

30 Apr 09

M
M
Q
M
Q
M
Q
M

$104M
Nov 15

181.56

$1'002M
Oct 15

226.12

$561M
Oct 15

248.48

$573M
May 15

737.40

$484M
Oct 15

2,285.62

$414M
Oct 15

4,907.39

$920M
Aug 15

508.42

$97M
Sep 15

122.60

27 Nov
15

0.75%

31 Oct
15

1.90%

31 Oct
15

2.38%

ATREAUS OVERSEAS FUND LTD


Atreaus Capital LP

30 Apr 12

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

M
M
M

$740M
Jul 15

125.31

$19'715M
Oct 15

307.48

$4'117M
Oct 15

2,854.55

12.15%

2012

7.06%

Ann. Return

8.27%

Ann. Vol

Max
Drawdown1

5.07%

(5.92%)

3.01%

3.55%

11.55%

4.41%

8.54%

3.72%

(1.94%)

2.90%

-1.21%

17.08%

21.23%

8.77%

6.12%

(5.97%)
Dec 13 - Aug 14

0.06%

9.95%

13.06%

20.91%

11.23%

4.57%

(3.27%)
May 15 - Sep 15

(5.24%)

-3.1%

34.5%

7.26%

7.61%

14.42%

(14.37%)
Jun 08 - Mar 09

Ytd Avg. 2015


0.89%
0.33% 10.25%
6.85%

-7.33%

2.54%

6.42%

7.52%

(14.63%)
Jun 13 - Jun 14

0.38%

27 Nov
15

0.55%

26 Nov
15

2.10%

30 Nov
15

0.00%

5.88%

11.35%

5.36%

7.75%

8.88%

7.15%

(18.02%)
Jun 08 - Oct 08

11.61%

-5.31%

2.71%

8.19%

7.66%

7.00%

(12.50%)
Jul 08 - Oct 08

5.14%

-3.49%

9.9%

13.55%

13.53%

13.50%

(33.00%)
Jun 08 - Nov 08

6.50%

17.5%

6.73%

1.1%

13.18%

12.93%

(14.76%)
May 13 - Jun 13

30 Nov (1.77%)
15

(8.03%)

15 Nov
15

(4.01%)

1.22%

12.47%

19.65%

0.69%

11.18%

10.99%

(16.58%)
Aug 14 - Nov 15

6.72%

0.97%

14.12%

11.62%

9.06%

(31.74%)
May 08 - Feb 09

20 Nov (1.35%) (20.23%)


15

30 Nov
15

2013

Jan 10 - Mar 10

31 Oct
15

Diversified/Global

2014

Jan 14 - Jun 14

(1.04%)

30 Nov
15

YTD

Ytd Avg. 2015


0.76%
0.08%
3.06%
5.69%

31 Oct
15

Diversified/Emerging
ALPHA4X CAPITAL GROWTH FUND
Manuel E. Meja-Aoun, Urvish Bidkar, Fabio Izzo

MTD

7.91%

-2.05%

12.92%

3.15%

7.59%

(20.23%)
Dec 14 - Nov 15

Ytd Avg. 2015


3.36%
3.44% 13.50%
9.09%

1.01%

0.2%

6.49%

7.78%

(3.82%)
Jan 13 - Sep 13

31 Oct
15

(0.68%)

31 Oct
15

1.59%

(0.43%)

-0.79%

2.68%

3.93%

9.33%

6.70%

(8.47%)
Apr 13 - Jun 14

6.71%

-4.66%

9.65%

28.12%

16.81%

7.63%

(12.56%)
Jun 14 - Jan 15

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

38

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Diversified/Global
CANOSA GLOBAL MACRO FUND LTD
Tim Attias, Santiago Alarco

30 Apr 13

CAXTON GLOBAL INVESTMENT LTD


Andrew E. Law

31 Jan 97

COMMONWEALTH OPPORTUNITY CAYMAN FUND


LTD
Adam Fisher

30 Nov 08

ECLECTICA FUND CLASS A EURO (THE)


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

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

GRAHAM GLOBAL INVESTMENT FUND II DISCRETIONARY ENHANCED VOL -CLASS - B 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

LONDON SELECT FUND LIMITED


David Gorton

31 Mar 04

MELLON OFF GLOB OPP FUND LTD MULTICURRENCY - A1


Alexander Huberts & Jeff Zhang

30 Nov 05

MKP ENHANCED OPPORTUNITY OFFSHORE, LTD


MKP Capital Management, LLC

31 Jul 13

M
Q
M

M
M
Q
M
M
M
Q
Q

M
M
M

$1'006M
Oct 15

105.26

$6'043M
Sep 15

916.48

$531M
Oct 15

225.76

$70M
Oct 15

272.84

$5'970M
Sep 15

81,510.54

$1'287M
May 15

154.02

$1'589M
Aug 15

1,062.83

$500M
Oct 15

234.82

$73M
May 15

8,429.68

$1'108M
Nov 15

460.21

$2'338M
Nov 15

244.75

$2'338M
Nov 15

275.91

$96M
Oct 15

136.61

$540M
Oct 15

1,790.19

$137M
Aug 15

1,232.40

$734M
Oct 15

104.72

30 Nov
15

MTD

YTD

2014

Ytd Avg. 2015


3.36%
1.70%
3.46%
-6.96%

2013

2012

9.34%

Ann. Return

2.00%

Ann. Vol

Max
Drawdown1

9.84%

(9.40%)
Feb 14 - Oct 14

24 Nov
15

0.52%

27 Nov
15

2.42%

27 Nov
15

1.90%

31 Oct
15

5.56%

2.98%

-1.38%

18.16%

1.96%

12.49%

7.50%

(7.37%)
Jun 07 - Aug 07

3.34%

6.19%

5.39%

15.64%

12.35%

9.05%

(10.38%)
Jan 09 - Feb 09

5.29%

9.48%

-0.01%

-1.72%

7.92%

20.21%

(31.94%)
Feb 08 - Sep 08

20.96%

2.91%

19.44%

2.73%

21.91%

9.96%

(7.83%)
Oct 07 - Apr 08

27 Nov (0.20%)
15

4.03%

7.77%

6.14%

-4.69%

4.27%

10.70%

(32.77%)
Oct 07 - Feb 09

30 Sep (4.67%) (17.47%)


15

-1.62%

17 Nov
15

0.65%

4.72%

17 Nov
15

0.75%

30 Nov
15

3.22%

30 Nov
15

3.72%

30 Nov
15

1.82%

27 Nov
15

1.36%

18 Nov
15

1.86%

31 Oct
15

1.13%

27 Nov
15

1.38%

3.10%

14.11%

17.82%

3.46%

8.13%

(18.81%)
Dec 13 - Sep 15

-0.11%

14.71%

7.50%

7.14%

(12.25%)
Mar 11 - Sep 11

2.22%

5.1%

-2.83%

0.29%

16.28%

12.93%

(13.45%)
Dec 87 - Apr 88

3.22%

10.41%

10.5%

9.29%

12.44%

9.81%

(13.31%)
May 07 - May 08

1.99%

6.53%

7.57%

7.8%

10.68%

10.34%

(30.81%)
May 07 - Jun 08

0.81%

3.18%

3.63%

3.83%

5.93%

5.17%

(14.81%)
May 07 - Jun 08

(1.42%)

8.27%

-8.34%

23.45%

5.42%

11.72%

(18.17%)
Aug 12 - Feb 14

1.02%

2.53%

9.34%

5.37%

5.13%

9.29%

(34.17%)
Jan 08 - Dec 08

7.97%

-1.12%

1.21%

-2.53%

2.13%

8.83%

(31.90%)
Jan 07 - Oct 08

4.11%

-3.62%

4.36%

2.00%

7.39%

(10.19%)
Dec 13 - Aug 14

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

39

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Diversified/Global
MKP OPPORTUNITY OFFSHORE, LTD
MKP Capital Management, L.L.C.

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

30 Apr 07

ONEWALL GLOBAL FUND


Jeff Brummette

31 Aug 11

ONSLOW MACRO FUND CLASS A


Nicolas Galperin, Esteban Klein

31 Dec 07

PHARO MACRO FUND, LTD


Pharo Team

30 Apr 05

PIMCO ABSOLUTE RETURN STRATEGY IV


OFFSHORE FUND II , CL. A/1
Qi Wang

31 Mar 02

PINPOINT MULTI-STRATEGY FUND


Qiang Wang

29 Feb 08

POTOMAC RIVER CAPITAL MASTER FUND


Mark W. Spindel

28 Feb 11

PWP GLOBAL MACRO FUND


Maria Vassalou,

30 Sep 13

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 -A- ALT SERIES 01


Paul Tudor Jones

31 Dec 11

TUDOR BVI GLOBAL FUND LTD CLASS -A- SERIES 01


NI
Paul Tudor Jones

31 Oct 86

M
M
Q
Q
M
M
M
Q
Q

M
M
M
M
M
M
Q
Q

$2'217M
Oct 15

310.95

$832M
May 15

2,874.55

$4'400M
Mar 15

59,214.39

$7'200M
Mar 15

14,889.56

$358M
Oct 15

275.25

$114M
Aug 15

133.76

$110M
Oct 15

146.96

$4'112M
Oct 15

3,184.87

$1'860M
Oct 15

2,569.53

$168M
Oct 15

195.30

$77M
Nov 15

131.33

$462M
Oct 15

112.60

$773M
Nov 15

573.35

$587M
Oct 15

135.60

$206M
Oct 15

7,458.21

$8'250M
Sep 15

135,357.50

$8'250M
Sep 15

131,721.57

27 Nov
15

MTD

YTD

2014

Ytd Avg. 2015


3.36%
0.83%
2.72%
-2.17%

2013

7.11%

2012

6.89%

Ann. Return

8.24%

Ann. Vol

Max
Drawdown1

5.33%

(6.74%)
Dec 13 - Aug 14

30 Nov
15

6.45%

19 Nov
15

1.96%

19 Nov
15

1.98%

30 Nov
15

3.94%

27 Nov
15

0.22%

31 Oct
15

2.06%

31 Oct
15

(2.07%)

31 Oct
15

1.41%

20 Nov
15

1.44%

30 Nov
15

3.14%

31 Oct
15

(1.70%)

27 Nov
15

3.66%

27 Nov
15

0.72%

30 Nov
15

4.82%

30 Nov
15

2.34%

30 Nov
15

2.23%

6.26%

13.66%

23.84%

-0.76%

8.03%

17.66%

(36.99%)
Dec 10 - May 12

4.04%

1.74%

17.02%

8.82%

17.07%

11.46%

(18.45%)
Jan 94 - Feb 95

2.71%

5.54%

13.49%

9.01%

12.86%

8.12%

(14.47%)
Jan 94 - Feb 94

6.08%

5.71%

-4.87%

0.74%

12.51%

12.42%

(14.14%)
Aug 10 - Apr 11

(7.40%)

0.01%

35.98%

12.01%

7.09%

10.19%

(12.84%)
Mar 15 - Oct 15

7.17%

-7.94%

7.16%

-6.72%

5.00%

13.56%

(25.48%)
Sep 08 - Oct 08

3.23%

8.23%

18.51%

12.53%

11.65%

8.56%

(9.64%)
Jun 08 - Nov 08

4.76%

5.86%

-0.44%

12.01%

7.19%

8.11%

(25.88%)
May 08 - Nov 08

15.54%

8.37%

4.65%

6.19%

9.05%

11.48%

(17.36%)
Jun 08 - Nov 08

(8.01%)

5.19%

9.3%

5.55%

5.90%

10.34%

(13.20%)
Feb 15 - Oct 15

(4.89%)

17.22%

1%

5.86%

6.34%

(6.61%)
Jan 15 - Oct 15

8.10%

1.72%

18.27%

-3.89%

11.47%

15.02%

(36.03%)
Dec 04 - May 07

6.32%

-0.67%

14.81%

16.56%

7.29%

5.62%

(6.45%)
Aug 11 - Jun 12

6.55%

-8.57%

7.65%

4.27%

7.89%

13.94%

(27.05%)
Jan 94 - Jan 95

2.31%

3.47%

14.29%

6.27%

6.62%

6.90%

(4.42%)
Dec 13 - May 14

1.43%

2.65%

13.99%

5.41%

18.26%

18.25%

(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

40

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Diversified/Global
TUDOR DISCRETIONARY MACRO FUND CLASS I
Series 01
Multi-PM Platform

30 Jun 12

$1'764M
Sep 15

1,188.27

30 Nov
15

MTD

YTD

2014

Ytd Avg. 2015


3.36%
1.65%
1.94%
0.15%

2013

13.2%

2012

2.82%

Ann. Return

5.17%

Ann. Vol

6.94%

Max
Drawdown1

(9.27%)
Jun 13 - Jun 14

Fixed Income
Ytd Avg. 2015

4.19%

Fixed Income/Global
HALKIN ACCURATE FX INCOME INDEX
Joao Poppe, Narciso Vega

31 Dec 07

MARKHAM RAE I SUB FUND


Christopher Brandt

30 Sep 11

D
M

41M
Oct 15

97.27

$192M
Oct 15

11.97

02 Dec
15
27 Nov
15

Ytd Avg. 2015


4.19%
0.21% (0.16%)
-2.7%

2.39%

1.85%

3.48%

6.00%

(5.88%)
Jun 13 - Oct 15

3.15%

8.54%

6.89%

-6.81%

5.77%

4.42%

9.28%

(19.31%)
May 13 - Jul 14

Systematic
Ytd Avg. 2015

2.73%

Systematic/Global
EAGLE DIRECTIONAL MACRO
Eagle Trading Systems Inc.

31 Dec 08

EAGLE QUANTITATIVE MACRO


Eagle Trading Systems Inc. (Menachem Sternberg)

30 Sep 06

HIGHER MOMENT AURORA FUND,LP


Ravi Singh

31 Mar 08

HIGHER MOMENT CAPITAL OPPORTUNITIES, LP


Ravi Singh

30 Nov 09

M
M
M
M

$48M
Nov 15

113.78

$325M
Nov 15

178.31

$84M
Apr 15

160.45

$53M
Jul 15

439.44

30 Nov
15

Ytd Avg. 2015


2.73%
1.91% (9.14%)
15.5%

-9.64%

5.22%

1.88%

17.92%

(27.47%)
May 12 - Apr 14

30 Nov
15

1.99%

31 Oct
15

0.85%

31 Oct
15

(1.29%)

(6.58%)

11.34%

-10.32%

8.57%

6.51%

13.54%

(22.33%)
May 12 - Apr 14

(4.49%)

11.69%

5.5%

9.42%

6.43%

6.23%

(9.63%)
Jun 09 - Aug 09

31.13%

12.47%

-9.29%

38.83%

28.41%

23.83%

(17.34%)
Jan 11 - Mar 11

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

41

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Currency
Ytd Avg. 2015

7.90%

Currency/Global
MAN AHL CURRENCY FUND DN USD
Matthew Sargaison and Emidio Sciulli

31 Jul 93

ORTUS FUND (CAYMAN) LTD


Dr Joe Zhou

30 Sep 03

M
M

$39M
Oct 15

156.67

$97M
Aug 15

206.96

27 Nov
15
30 Nov
15

Ytd Avg. 2015


7.90%
9.30% 16.98%
58.05%

-11.24%

1.13%

13.11%

23.96%

(31.58%)
Apr 11 - Jun 12

2.62%

(1.19%)

7.42%

-17.32%

-17.33%

6.16%

11.59%

(33.53%)
Jan 12 - Sep 14

Systematic
Ytd Avg. 2015

3.00%

Systematic/Global
AHL EVOLUTION
Tim Wong , Matthew Sargaison

31 Aug 05

AHL ALPHA
Tim Wong, Matthew Sargaison

30 Sep 95

AHL DIVERSIFIED
Tim Wong, Matthew Sargaison

29 Feb 96

ASPECT DIVERSIFIED FUND - CLASS A


Anthony Todd

30 Nov 98

BLUETREND FUND, LTD -USD- CLASS A


Systematica Investments Limited

31 Mar 04

BORONIA DIVERSIFIED FUND MASTER


Richard Grinham and Angus Grinham

31 Aug 93

BREVAN HOWARD SYSTEMATIC TRADING FUND LTD


BH-DG Systematic Trading LLP

30 Apr 06

CAMPBELL GLOBAL ASSETS FUND LTD Class A


Campbell & Company

31 Jan 98

CAMPBELL GLOBAL ASSETS FUND LTD Class B


Campbell & Company

30 Jun 02

CANTAB CAPITAL PARTNERS QUANTITATIVE FUND


(THE) - USD ARISTARCHUS
Ewan Kirk, Erich Schlaikjer, Cantab Capital

28 Feb 07

CARLYLE TREND FOLLOWING FUND


DGAM Team

30 Apr 14

CONQUEST MACRO FUND, LTD (COMP)


Marc Malek

30 Apr 99

M
M
W
W
M
M
D
M
M
M

M
M

$3'000M
Sep 15

1.50

$4'000M
Sep 15

1.32

$4'400M
Sep 15

1.49

$860M
Oct 15

444.72

$4'700M
Oct 15

326.70

$63M
Oct 15

2,122.27

$396M
Oct 15

179.25

$101M
Jul 15

4,744.52

$101M
Jul 15

3,872.39

$2'600M
Oct 15

1,935.50

$113M
Oct 15

122.18

$206M
Sep 15

2,305.74

Ytd Avg. 2015


3.00%
27 Nov (0.30%) 4.97%
20.31%
15
27 Nov
15

2.50%

30 Nov
15

4.01%

02 Dec
15

1.22%

20 Nov
15

2.37%

3.35%

22.83%

16.91%

23.53%

15.01%

12.41%

(13.16%)
Jun 08 - Oct 08

-1.51%

-0.06%

12.61%

12.31%

(12.29%)
Oct 01 - Feb 02

0.57%

33.79%

-3.05%

-2.23%

13.35%

16.61%

(19.53%)
Oct 01 - Apr 02

10.87%

32.04%

-4.44%

-10.66%

9.17%

16.05%

(22.19%)
Feb 12 - Mar 14

6.42%

12.68%

-11.5%

0.02%

10.70%

14.09%

(22.05%)
Apr 11 - Jan 14

02 Dec (0.19%)
15
31 Oct
15

(3.97%)

02 Dec
15

0.78%

02 Dec
15

1.30%

27 Nov
15

6.09%

31 Oct
15

(5.10%)

0.68%

14.33%

13.23%

-3.99%

9.29%

11.53%

(14.56%)
Feb 08 - Apr 12

(3.34%)

10.81%

2.09%

-3.33%

6.33%

11.00%

(15.21%)
Apr 11 - Apr 14

1.40%

19.84%

12.57%

4.52%

9.12%

13.25%

(21.17%)
Jun 07 - Jan 10

3.99%

14.38%

11.34%

1.84%

7.12%

11.50%

(22.92%)
Jun 07 - Aug 07

(5.08%)

39.32%

-27.65%

15.32%

8.02%

17.98%

(34.86%)
Apr 13 - Apr 14

02 Dec (0.61%)
15

(9.86%)

35.55%

14.25%

17.30%

(15.55%)
Mar 15 - Oct 15

12.80%

4.21%

-6.62%

-33.44%

5.16%

19.64%

(56.11%)
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

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

DB PLATINUM IV MW HELIUM
Marshall Wace LLP / Philippe Azoulay

31 Jan 12

DISCUS FEEDER LTD CL. B USD STANDARD


LEVERAGE
Team managed

31 Dec 90

DUNN WMA FUND, SA


Dunn Capital Management LLP

31 Dec 10

DUNN WMA INSTITUTIONAL UCITS FUND


Dunn Capital Management LLP

31 Aug 11

EAGLE GLOBAL
Menachem Sternberg

30 Sep 95

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

GRAHAM GLOBAL INVESTMENT FUND TACTICAL


TREND S/A
Graham Capital Management, L.P.

30 Sep 06

GSA TREND RISK PREMIA FUND


Jonathan Hiscock, Pavel Zhlobich & David
Khabie-Zeitoune

31 Aug 13

ISAM SYSTEMATIC TREND FUND CLASS A


ISAM Systematic Management

31 May 01

KEYNES LEVERAGED QUANTITATIVE STRATEGIES


FUND CLASS B SERIE 2
Sushil Wadhwani,

31 Dec 04

LYNX (BERMUDA) LTD


Jonas Bengtsson, Svante Bergstrom, Martin Sandquist

30 Apr 00

M
W

D
M

M
D
M
D
M
M
M

M
W

$532M
May 15

5,734.45

$1'950M
Jul 15

134.91

$136M
Oct 15

100.54

$297M
Jul 15

1,250.61

$265M
Oct 15

166.53

$76M
Oct 15

139.48

$50M
Oct 15

840,355.11

$349M
Nov 15

2,571.39

$947M
Nov 15

391.43

$2'916M
Nov 15

438.77

$2'916M
Nov 15

290.05

$4'615M
Nov 15

247.82

$480M
Nov 15

160.23

$512M
Oct 15

651.82

$262M
Oct 15

118.90

$2'447M
Oct 15

5,616.25

20 Nov
15
30 Nov
15

MTD

YTD

2014

Ytd Avg. 2015


3.00%
2.81% (1.92%)
8.67%

2013

2.2%

2012

Ann. Return

15.53%

10.35%

Ann. Vol

Max
Drawdown1

15.64%

(16.71%)
Oct 98 - Jun 99

0.76%

1.89%

14.41%

6.63%

-3.96%

5.68%

8.17%

(7.87%)
Apr 13 - Aug 13

30 Nov (0.11%)
15
20 Nov
15

4.32%

31 Oct
15

(3.89%)

25 Nov
15

2.35%

30 Nov
15

0.64%

(1.11%)

21.93%

6.14%

4.09%

7.77%

10.38%

(9.14%)
Mar 15 - Aug 15

7.55%

15.4%

-10.32%

-13.88%

10.91%

15.64%

(34.56%)
Jun 94 - Oct 95

7.83%

35.08%

33.42%

-18.27%

11.12%

26.06%

(27.38%)
Aug 11 - Oct 12

10.49%

24.18%

33.48%

-20.2%

8.17%

19.90%

(27.86%)
Aug 11 - Oct 12

(3.74%)

-1.04%

-15.88%

8.1%

11.12%

22.78%

(37.45%)
Apr 13 - Jul 14

27 Nov (0.66%)
15
30 Nov
15

4.07%

30 Nov
15

2.32%

30 Nov
15

3.52%

30 Nov
15

2.35%

20 Nov
15

3.68%

27 Nov
15

5.13%

30 Nov
15

4.04%

24 Nov
15

0.68%

(0.45%)

19.02%

-4.67%

7.12%

15.77%

18.77%

(26.55%)
May 99 - Sep 00

2.15%

15.91%

13.72%

-0.07%

8.66%

12.00%

(17.90%)
Apr 11 - Nov 12

0.96%

17.71%

10.04%

-4.91%

7.35%

12.15%

(20.70%)
Apr 11 - Nov 12

1.90%

27.43%

15.25%

-7.15%

10.95%

18.98%

(29.84%)
Feb 04 - Apr 05

5.98%

22.4%

8.44%

4.21%

10.40%

10.44%

(8.00%)
Nov 09 - Jan 10

17.84%

32.59%

2.55%

23.64%

14.74%

(7.10%)
Mar 15 - Jun 15

13.44%

61.95%

-10.66%

-17.47%

13.80%

18.55%

(34.79%)
Feb 11 - Sep 13

5.77%

15.91%

-3.01%

7.19%

8.39%

12.07%

(12.45%)
Apr 06 - Sep 06

(7.10%)

27.03%

11.1%

-6.71%

11.71%

14.39%

(16.46%)
Mar 15 - Aug 15

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

43

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Systematic/Global
LYNX BERMUDA 1.5 LTD
Jonas Bengtsson, Svante Bergstrom, Martin Sandquist

30 Apr 08

MILLBURN DIVERSIFIED PROGRAM


Millburn Ridgefield Corporation

31 Jan 77

MLIS - GRAHAM CAPITAL SYSTEMATIC MACRO


UCITS FUND
Graham Capital Management L.P.

30 Nov 10

QMS DIVERSIFIED GLOBAL MACRO


QMS CAPITAL MANAGEMENT LP

31 May 10

ROY G. NIEDERHOFFER DIVERSIFIED OFFSHORE


FUND
R. G. Niederhoffer Capital Management, Inc.

31 Aug 95

SMN DIVERSIFIED FUTURES FUND


SMN Investment Services GmbH

31 Oct 96

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


Alex Brockmann

31 Dec 93

TULIP TREND FUND, LTD - A


Progressive Capital Partners Ltd

31 Mar 03

TWO SIGMA COMPASS CAYMAN FUND


Two Sigma Investments, LLC

31 Jul 09

WELTON GLOBAL DIRECTIONAL PORTFOLIO


Welton Investment Partners

31 May 04

WINTON EVOLUTION FUND (THE)


David Harding

31 Aug 05

WINTON FUTURES FUND - CLASS B - LEAD SERIES


NON-VOT.
David Harding

30 Sep 97

M
M
D

M
M

W
M
M
M
M
M
M
M
M

$471M
May 15

192.23

$759M
Oct 15

22,960.92

$82M
Oct 15

105.54

$1'510M
Mar 15

177.57

$699M
Nov 15

284.64

$69M
Sep 15

332.85

$410M
Oct 15

116.43

$2'260M
Jul 15

18,555.72

$118M
Oct 15

2,782.53

$277M
Jun 15

5,276.01

$919M
Oct 15

2,545.90

$152M
Oct 15

223.10

$329M
Oct 15

1,810.06

$12'431M
Oct 15

1,044.87

24 Nov
15

MTD

YTD

2014

Ytd Avg. 2015


3.00%
1.02% (11.34%) 42.18%

2013

16.7%

2012

Ann. Return

-10.82%

9.01%

Ann. Vol

22.71%

Max
Drawdown1

(24.30%)
Mar 15 - Aug 15

02 Dec
15

1.02%

01 Dec
15

0.76%

6.82%

17.65%

-6.02%

-5.5%

15.02%

17.97%

(25.65%)
May 89 - Oct 89

3.21%

25.41%

11.59%

-10.09%

1.08%

13.52%

(31.34%)
Feb 11 - Nov 12

30 Nov (0.17%)
15

3.60%

02 Dec
15

0.20%

3.49%

30 Nov
15

6.10%

30 Nov
15

8.09%

27 Nov
15

2.50%

20 Nov
15

2.64%

17.14%

22.88%

11.04%

10.99%

11.94%

(11.27%)
Dec 13 - Jul 14

14.86%

9.31%

-22.39%

5.30%

18.73%

(52.73%)
Nov 08 - Oct 12

3.40%

57.24%

-5.95%

-20.11%

8.30%

19.25%

(37.70%)
Dec 08 - Sep 13

7.33%

12.26%

1.84%

-0.15%

3.43%

12.07%

(13.61%)
Aug 11 - Aug 13

3.81%

7%

7.57%

3.53%

12.43%

4.87%

(7.75%)
Jun 07 - Aug 07

(4.22%)

22.7%

7.76%

-6.33%

16.40%

22.01%

(36.53%)
May 03 - Jan 05

30 Nov 19.60%
15

5.30%

30 Nov
15

5.71%

12.97%

23 Nov
15

2.54%

25 Nov
15

3.13%

25 Nov
15

2.59%

36.15%

-0.01%

4.89%

14.02%

27.00%

(34.25%)
Feb 09 - Jan 10

25.56%

14.07%

4.23%

15.88%

8.87%

(9.85%)
Apr 11 - Sep 11

(1.15%)

34.01%

-5.73%

-8.12%

7.23%

14.01%

(33.18%)
Feb 11 - Sep 13

2.44%

17.26%

14.56%

-8.31%

5.96%

11.02%

(14.61%)
Jun 08 - Jul 09

2.20%

13.87%

9.4%

-3.56%

13.79%

16.47%

(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

44

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Discretionary
Ytd Avg. 2015

7.12%

Discretionary/Asia
AMAZON MARKET NEUTRAL FUND CLASS A USD
Philip King

31 Aug 05

$297M
Oct 15

531.10

27 Nov
15

Discretionary/Europe
OYSTER MARKET NEUTRAL EUR
Syz Asset Management S.A.

31 Jul 09

261M
Mar 15

180.90

02 Dec
15

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

$959M
May 15

328.45

$948M
Oct 15

183.47

$2'763M
Oct 15

138.46

30 Nov
15

30 Apr 02

EQUILIBRIA JAPAN FUND LTD 2X (USD)


James Pulsford, Sara Gardiner-Hill

30 Apr 09

M
M

$186M
Oct 15

254.75

$381M
Oct 15

170.34

31 Mar 08

SCHRODER CAZENOVE UK ABSOLUTE TARGET


FUND - P2 GBP
Steven Cordell

30 Jun 08

783M
Sep 15

1.23

262M
Aug 15

125.00

Ytd Avg. 2015


7.12%
0.29% (3.00%)
1.57%

03 Dec
15

17.70%

11.46%

(20.20%)

10.72%

6.4%

3.00%

4.13%

(7.38%)

8.26%

9.2%

7.55%

5.46%

(8.65%)
Mar 11 - Sep 11

0.26%

30 Nov
15

1.85%

Feb 14 - Aug 14

01 Dec
15

Discretionary/UK
ABSOLUTE INSIGHT UK EQUITY MKT NEUTRAL
FUND-CLASS B2P GBP
Andrew Cawker, Iain Brown, Richard Howarth

Ytd Avg. 2015


4.15%
0.43%
4.15%
-0.18%

0.59%

30 Nov
15

7.34%

Jun 08 - Dec 08

24 Nov
15

Discretionary/Japan
EQUILIBRIA JAPAN FUND LTD 1X USD
James Pulsford, Sara Gardiner-Hill

Ytd Avg. 2015


25.68%
4.00% 25.68%
11.2%

16.73%

13.34%

18.78%

15.02%

7.81%

6.47%

(15.98%)
Jun 08 - Nov 08

7.64%

6.39%

7.58%

6.07%

4.19%

4.36%

(11.63%)
Jun 08 - Oct 08

Ytd Avg. 2015


4.02%
0.01%
2.86%
4.6%

9.16%

-3.55%

7.12%

4.47%

(7.20%)
Jul 11 - Dec 12

0.05%

5.18%

9.46%

19.7%

-6.6%

8.42%

8.26%

(13.42%)
Jul 11 - Dec 12

Ytd Avg. 2015


2.43%
0.05%
0.94%
0.6%

25 Nov (0.48%)
15

2.8%

3.49%

2.65%

1.39%

(1.82%)
Feb 14 - May 14

3.91%

-3.98%

10.09%

4.08%

3.06%

5.01%

(9.96%)
Sep 09 - Dec 10

Equity Diversified
Ytd Avg. 2015

5.04%

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

45

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Equity Diversified/Asia
BLACKROCK PAN ASIA OPPORTUNITIES FUND LTD
CLASS B
Jeff Shen, Ryan Kim, Ryan LaFond, Jan Bratteberg

31 Jul 10

MACQUARIE ASIAN ALPHA FUND


Nick Bird

30 Sep 05

$851M
Oct 15

130.81

$1'850M
Oct 15

1,868.22

612M
Sep 15

133.94

357M
Oct 15

304.97

$906M
Oct 15

115.20

$710M
Oct 15

133.42

$1'029M
Sep 15

1,476.77

Equity Diversified/Europe
BLACKROCK EUROPEAN DIVERSIFIED EQUITY A.R.F
- SHARE CLASS D
Robert Fisher/Simon Weinberger

30 Sep 10

GAM TALENTUM ENHANCED EUROPE LONG/SHORT - 30 Nov 04


AGianmarco Mondani / Roberto Cantaluppi / Paolo
Longinotti

GLG EUROPEAN EQUITY ALTERNATIVE Class IN EUR


Pierre Lagrange, Simon Savage, Neil Mason

30 Jun 11

MACQUARIE EUROPEAN ALPHA FUND - CLASS A


Nick Bird, Andrew Alexander

31 Jul 12

Equity Diversified/Global
TWO SIGMA ABSOLUTE RETURN FUND LTD
Two Sigma Advisers, LLC

31 Oct 11

Date

MTD

YTD

2014

Ytd Avg. 2015


(4.47%)
20 Nov (0.77%) (0.62%)
3.78%
15
30 Nov (2.20%) (8.32%)
10.4%
15
Ytd Avg. 2015
7.44%
02 Dec 0.33%
4.71%
4.9%
15
13 Nov
15

1.23%

01 Dec
15

0.11%

15.83%

3.54%

2013

7.13%

2012

2.92%

Ann. Return

5.19%

Ann. Vol

Max
Drawdown1

5.11%

(4.87%)
Nov 13 - May 14

9.04%

4.41%

8.06%

6.33%

(14.05%)
Oct 07 - Apr 09

16.13%

-0.35%

5.19%

5.43%

(13.12%)
Mar 11 - May 12

15.83%

16.66%

10.71%

8.73%

(25.03%)
Jun 08 - Apr 09

5.93%

-6.26%

7.23%

6.19%

3.25%

4.92%

(10.37%)
Feb 14 - Oct 14

20 Nov (0.10%) 3.27%


9.62%
15
Ytd Avg. 2015
14.50%
30 Nov 1.81% 14.50%
10.09%
15

12.78%

5.11%

9.30%

4.27%

(1.88%)
Jul 13 - Aug 13

11.25%

4.03%

10.01%

5.18%

(3.30%)
Jun 13 - Aug 13

Multi-Strategy
Ytd Avg. 2015

(0.03%)

Multi-Strategy/Asia
LIM ASIA MULTI-STRATEGY FUND CLASS A
George W. Long

31 Dec 95

$983M
Oct 15

39.48

Multi-Strategy/Global
HUDSON BAY INTERNATIONAL FUND LTD
Hudson Bay Capital Management LP

31 May 06

$2'458M
Oct 15

227.90

20 Nov
15

Ytd Avg. 2015


1.54%
0.41%
1.54%
4.12%

Ytd Avg. 2015


(1.59%)
20 Nov (0.62%) (1.59%)
-2.08%
15

5.63%

3.57%

7.14%

5.63%

(15.79%)
Feb 08 - Nov 08

7.9%

11.37%

9.08%

5.01%

(5.60%)
Feb 14 - Nov 15

Statistical Arbitrage
Ytd Avg. 2015

6.98%

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

46

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Statistical Arbitrage/Global
A.R.T. INTERNATIONAL INVESTOR (BVI) Ltd
Aaron Sosnick

28 Feb 07

GSA INTERNATIONAL FUND - CLASS A


David Khabie-Zeitoune

28 Feb 05

Q
Q

$837M
Oct 15

245.36

$847M
Nov 15

293.27

30 Nov
15
27 Nov
15

MTD

YTD

2014

Ytd Avg. 2015


6.98%
0.34%
3.08%
9.83%

2013

4.91%

2012

5.67%

Ann. Return

10.79%

Ann. Vol

7.29%

Max
Drawdown1

(10.48%)
Jul 07 - Aug 07

0.87%

10.89%

12.14%

13.28%

3.64%

10.53%

4.30%

(11.91%)
Jun 08 - Sep 08

Systematic
Ytd Avg. 2015

6.47%

Systematic/Europe
BLACKROCK EOS CLASS B USD COMPOSITE
Robert Fisher, Simon Weinberger

28 Feb 02

$462M
Nov 15

1,623.27

Systematic/Global
BLACKROCK 32 CAPITAL MASTER FUND SPC, LTD
(THE) - B/1
Raffaele Savi and Ken Kroner

31 Jul 02

BLUEMATRIX FUND CLASS -A- USD


Systematica Investments Limited

31 Oct 07

M/Q

$1'145M
Oct 15

2,241.26

$487M
Jun 15

176.64

01 Dec
15

Ytd Avg. 2015


5.24%
0.44%
5.24%
6.55%

3.49%

9.42%

8.24%

(14.33%)
Jul 07 - Jan 08

Ytd Avg. 2015


7.09%
30 Nov (1.09%) 6.12%
-0.67%
15
20 Nov
15

20.08%

0.28%

8.06%

10.4%

8.02%

9.41%

6.24%

7.29%

(25.15%)
Jun 08 - Sep 09

12.57%

-2.49%

7.31%

6.91%

(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

47

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Merger-Arbitrage
Ytd Avg. 2015

10.72%

Merger-Arbitrage/Global
ABRAX MERGER ARBITRAGE S.G. FUND
Puzzle Capital, Xavier Robinson

30 Apr 11

GLAZER ENHANCED OFFSHORE FUND LTD


Paul Glazer

31 Dec 98

LION FUND, LTD (THE)


Nick Walker

31 Jan 96

M
M
M

$56M
Nov 15

175.59

$350M
Oct 15

1,198.37

$33M
Aug 15

38.42

Merger-Arbitrage/USA
GABELLI ASSOCIATES LIMITED
Mario Gabelli

31 Aug 89

$138M
Apr 15

627.68

31 Oct
15

Ytd Avg. 2015


13.51%
7.51% 19.05%
2.63%

12.2%

12.04%

13.30%

10.67%

(11.84%)
May 12 - Oct 12

30 Nov (0.21%)
15

10.12%

31 Oct
15

11.35%

3.38%

5.91%

5.56%

5.34%

15.80%

6.01%

(5.77%)
Oct 07 - Dec 07

-8.29%

Ytd Avg. 2015


2.34%
27 Nov (0.05%) 2.34%
2.09%
15

-5.17%

2.36%

6.97%

9.31%

(34.07%)
Oct 07 - Feb 09

3.12%

2.55%

7.25%

3.22%

(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

48

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Credit
Ytd Avg. 2015

(0.02%)

Credit/Europe
CHENAVARI MULTI STRATEGY CREDIT FUND - MS2
Chenavari Investment Managers

31 Jan 12

NUMEN CREDIT OPPORTUNITIES FUND


Filippo Lanza

31 Oct 08

M
M

$474M
Jun 15

141.04

260M
Oct 15

448.72

31 Oct
15
31 Oct
15

Credit/Global
CANYON BALANCED FUND LTD
M.R. Julis & J.S. Friedman

31 May 04

$1'576M
Oct 15

3,377.07

31 Oct
15

Ytd Avg. 2015


2.80%
0.01%
1.59%
7.89%

20.57%

6.72%

9.60%

3.59%

(1.53%)
May 15 - Sep 15

(1.21%)

4.01%

1.59%

12.47%

25.15%

23.91%

16.93%

(16.68%)
Oct 10 - Jan 12

Ytd Avg. 2015


(5.66%)
(0.24%) (5.66%)
6.16%

19.99%

20.52%

11.24%

9.95%

(30.14%)
Oct 07 - Nov 08

Diversified
Ytd Avg. 2015

5.47%

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

$43M
Oct 15

1,434.86

$1'336M
Oct 15

385.94

31 Oct
15

30 Jun 99

$970M
Aug 15

2,110.52

15 Nov
15

Diversified/Global
AHL DIMENSION
Tim Wong, Nick Granger

30 Jun 06

ALLBLUE LIMITED
Michael Platt

31 Aug 05

ARROWGRASS MASTER FUND


Nick Niell , Henry Kenner

31 Jan 08

ATLAS ENHANCED FUND LTD


Dmitry Balyasny

28 Feb 11

M
M
Q
M

$4'200M
Sep 15

1.07

$6'300M
Oct 15

213.62

4'507M
Oct 15

174.41

$5'300M
Oct 15

154.04

27 Nov
15

12.82%

11.48%

28.59%

25.61%

(30.13%)
Apr 06 - Mar 07

27 Nov (0.59%)
15

Diversified/Emerging
SPINNAKER GLOBAL EMERGING MARKETS FUND,
LTD
Bradley Wickens

Ytd Avg. 2015


22.79%
2.45% 13.25%
-12.87%

32.33%

34.88%

-1.68%

4.81%

18.40%

9.92%

(10.16%)
May 13 - Mar 14

Ytd Avg. 2015


9.08%
2.19%
9.08%
-3.35%

3.37%

20.69%

20.45%

11.58%

(33.11%)
May 08 - Feb 09

Ytd Avg. 2015


4.55%
3.51%
8.67%
16.33%

2.64%

2.6%

6.49%

9.09%

(10.63%)
Dec 08 - Jan 10

31 Oct
15

0.33%

30 Nov
15

0.54%

30 Nov
15

0.49%

2.84%

6.27%

1.53%

5.96%

7.75%

4.42%

(4.51%)
Jun 07 - Aug 07

5.19%

2.89%

8.58%

5.6%

7.36%

4.11%

(3.99%)
Apr 11 - Sep 11

5.08%

13.73%

20.85%

12.61%

9.51%

8.05%

(13.44%)
Jul 11 - Apr 12

1. Max Drawdown: Peak to trough.


Past performance is not a reliable indicator of future performance.
Source - HSBC

HSBC Alternative Investment Group

49

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Diversified/Global
ATLAS GLOBAL INVESTMENTS LTD UNRESTRICTED
Dmitry Balyasny

31 Dec 03

BLACK DIAMOND, LTD - CLASS B (UNRESTRICTED)


Clint D. Carlson

31 Dec 95

BLACKROCK MULTI-STRATEGY FUND LTD - CLASS A


Matt McBrady

30 Apr 05

BLACKROCK CAPITAL STRUCTURE INVESTMENTS


FUND LTD
Chad Meuse, Benoy Thomas

31 Dec 08

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 Jntti, Patrik Brummer

30 Apr 09

CQS DIRECTIONAL OPP. FEEDER FUND. Ltd A NI


USD
Michael Hintze

31 Jul 05

CQS DIVERSIFIED FUND (SPC) LTD ALPHA CLASS B


USD
James Peattie & Peter Warren

28 Feb 07

DOUBLE BLACK DIAMOND LTD - SERIES A


(UNRESTRICTED)
Clint Carlson

31 Mar 98

GLG MARKET NEUTRAL FUND - CLASS Z USD Unres


Steve Roth

31 Dec 97

GLOBAL FOCUSSED STRATEGIES FUND


Standard Life Investments

31 Dec 13

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
Q
M
M

M
M
Q

M
D
Q
Q/Y

$4'700M
Sep 15

3,994.97

$79M
May 15

342.15

$1'344M
Oct 15

1,568.03

$432M
Oct 15

137.76

611M
Jul 15

20.49

$2'799M
Oct 15

127.78

$1'448M
Oct 15

1,479.83

$3'081M
Oct 15

4,841.22

$1'402M
Oct 15

1,706.81

$3'134M
Apr 15

430.19

$651M
Oct 15

866.68

543M
Oct 15

10.81

$260M
Oct 15

170.16

$963M
Jul 15

97,842.34

$4'180M
Nov 15

1,855.85

30 Nov
15

MTD

YTD

Ytd Avg. 2015


4.55%
0.15%
1.92%
7.2%

2013

12.94%

2012

4.84%

Ann. Return

12.32%

Ann. Vol

Max
Drawdown1

8.08%

(12.51%)
Jun 04 - Aug 04

30 Nov (0.06%)
15

0.67%

31 Oct
15

0.29%

0.34%

27 Nov
15

3.34%

02 Dec
15

0.53%

31 Oct
15

(0.88%)

30 Nov
15

2.20%

31 Oct
15

3.76%

31 Oct
15

1.18%

30 Nov
15

0.13%

4.91%

6.18%

10.23%

6.37%

3.96%

(18.64%)
Aug 08 - Dec 08

2.07%

7.04%

7.86%

4.37%

5.18%

(13.96%)
Jun 08 - Dec 08

10.36%

-5.21%

7.19%

3.74%

4.75%

8.93%

(13.18%)
Feb 14 - Jun 15

14.69%

7.02%

13.46%

9.45%

7.46%

6.77%

(20.69%)
May 07 - Sep 08

(1.96%)

1.13%

0.91%

4.61%

3.25%

4.45%

(6.29%)
Feb 08 - Sep 08

2.17%

1.86%

15.02%

3.57%

6.13%

7.51%

(8.15%)
Mar 15 - Oct 15

0.92%

3.12%

15.97%

35.87%

16.62%

13.10%

(24.58%)
Apr 11 - Sep 11

0.43%

1.18%

5.99%

11.4%

6.35%

6.23%

(14.78%)
Jun 08 - Dec 08

0.90%

4.45%

7.74%

10.94%

8.60%

5.27%

(19.30%)
Aug 08 - Dec 08

27 Nov (0.20%)
15

0.30%

20 Nov
15

7.66%

0.79%

-7.43%

10.3%

18.4%

12.81%

14.20%

(54.03%)
Nov 07 - Dec 08

-1.12%

3.37%

5.31%

(4.02%)
Feb 14 - Sep 14

27 Nov (0.71%)
15
30 Nov
15

2014

0.63%

02 Dec (1.49%)
15

(4.65%)

-2.88%

7.4%

11.24%

4.73%

5.62%

(15.01%)
Oct 07 - Dec 08

3.98%

6.16%

6.5%

9.79%

10.30%

6.85%

(30.04%)
Jun 08 - Nov 08

(4.99%)

9.69%

19.38%

11.06%

8.68%

6.02%

(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

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

JABCAP MULTI STRATEGY FUND LTD CLASS D/1 NI


Philippe Jabre

31 Jan 07

LINDEN INTERNATIONAL LTD


Joe Wong

31 May 03

LMR FUND LTD


LMR Partners LLP, LMR Partners Limited

31 Jan 10

MAN GLG MULTI-STRATEGY CLASS MUS D140 USD


Neil Mason and David Kingsley

31 May 12

MAN GLG MULTI-STRATEGY FUND CLASS G USD


Neil Mason and David Kingsley

31 Dec 02

MILLENNIUM INTL LTD


Israel A Englander

31 Dec 89

PALOMA INTERNATIONAL LTD CLASS A


Donald Sussman

31 Dec 02

PINE RIVER FUND CLASS -B1- SHARES


Aaron Yeary, James Clark

31 May 02

PLATINUM PARTNERS VALUE ARBITRAGE INT. FUND 31 Dec 02


LTD
Mark Nordlicht
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

VERITION MULTI-STRATEGY FUND COMPOSITE


MODIFIED INTERESTS,OPT-IN
Verition Fund Management LLC

29 Feb 08

VISIUM GLOBAL OFFSHORE FUND LTD


Jacob Gottlieb

31 Mar 09

WEISS MULTI-STRATEGY PARTNERS LLC


Weiss Multi-Strategy Advisers,LLC

30 Sep 06

Q
M
D
M
Q
Q/Y
Q
Q

Q/Y
M

M
Q

$480M
Nov 15

236.96

$445M
Oct 15

163.87

$887M
Oct 15

359.45

$614M
Oct 15

247.67

$245M
Oct 15

109.09

$110M
Oct 15

110.35

$32'080M
Oct 15

3,225.82

$1'826M
Oct 15

300.10

$4'313M
Nov 15

3,597.10

$775M
Oct 15

7,577.37

$1'875M
Jul 15

2,447.88

$1'474M
Jul 15

131.13

$226M
Jul 15

2,699.21

$325M
Oct 15

284.98

$1'437M
Oct 15

339.76

$345M
Nov 15

181.88

30 Nov
15

MTD

YTD

2014

Ytd Avg. 2015


4.55%
2.15%
1.85%
2.01%

2013

47.8%

2012

15.5%

Ann. Return

10.56%

Ann. Vol

Max
Drawdown1

15.40%

(35.04%)
Apr 10 - Jun 12

16 Nov
15

1.69%

31 Oct
15

0.43%

27 Nov
15

2.60%

27 Nov
15

0.78%

27 Nov
15

1.07%

30 Nov
15

1.14%

31 Oct
15

1.42%

31 Oct
15

(1.53%)

31 Oct
15

(1.38%)

30 Nov
15

1.06%

30 Nov
15

0.83%

27 Nov
15

1.82%

31 Oct
15

2.01%

30 Nov
15

0.87%

30 Nov
15

0.29%

4.23%

-3.04%

43.03%

11.8%

5.77%

17.37%

(40.20%)
Feb 08 - Jan 09

4.01%

12.43%

16%

4.11%

10.84%

9.12%

(24.60%)
Feb 08 - Dec 08

12.64%

2.22%

10.04%

8.09%

16.85%

9.36%

(9.53%)
Apr 10 - May 10

3.53%

-0.97%

4.73%

1%

2.35%

3.30%

(4.70%)
Feb 14 - Jul 14

5.99%

-0.92%

5.08%

4.98%

4.61%

7.01%

(30.54%)
Oct 07 - Dec 08

10.90%

12.09%

13.27%

6.32%

14.32%

4.34%

(7.24%)
May 98 - Aug 98

8.95%

5.06%

16.02%

8.43%

8.93%

4.85%

(6.83%)
Jul 11 - Dec 11

(3.26%)

4.57%

9.58%

21.75%

10.00%

10.04%

(29.16%)
Jun 08 - Dec 08

6.78%

10.76%

7.12%

11.58%

17.08%

5.46%

(4.44%)
Aug 08 - Oct 08

6.89%

-2.3%

1.39%

14.69%

7.69%

9.07%

(40.35%)
Feb 08 - Dec 08

12.53%

10.78%

6.53%

-1.26%

7.48%

10.86%

(8.76%)
Mar 13 - Sep 13

13.83%

14.58%

1.82%

-2.89%

8.63%

6.01%

(10.52%)
Feb 12 - Sep 13

7.06%

10.56%

24.79%

13.62%

14.62%

6.90%

(7.89%)
May 11 - Sep 11

8.48%

0.79%

16.99%

19.52%

20.12%

9.45%

(7.80%)
Apr 10 - Jun 10

0.35%

-0.01%

14.64%

1.75%

6.74%

6.33%

(17.75%)
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

51

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

Diversified/Japan
LIM JAPAN FUND
George Long

31 Oct 04

$218M
Oct 15

209.40

20 Nov
15

MTD

YTD

2014

Ytd Avg. 2015


(0.48%)
0.39% (0.48%)
5.85%

2013

11.39%

2012

5.62%

Ann. Return

6.91%

Ann. Vol

5.54%

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

52

Inception
Dates

Liquidity

Asset
Size

Last NAV or
Index

Date

MTD

YTD

2014

2013

2012

Ann. Return

Ann. Vol

Max
Drawdown1

Arbitrage
Ytd Avg. 2015

5.48%

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

PIMCO MULTI-ASSET VOLATILITY FUND LTD


Josh Thimons

31 Jul 11

Q
M
M

$528M
Sep 15

2,361.18

254M
Oct 15

229.88

$814M
Oct 15

138.06

27 Nov
15

Ytd Avg. 2015


5.48%
0.40%
5.89%
0.36%

7.56%

12.24%

9.21%

6.31%

(9.57%)
Sep 08 - Feb 09

27 Nov (0.57%)
15

4.24%

31 Oct
15

6.31%

0.21%

-4.16%

0.53%

24.85%

10.02%

9.26%

(15.42%)
Mar 10 - Jun 10

1.39%

-6.17%

13.41%

7.87%

6.85%

(8.64%)
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

53

This document is provided to you by HSBC Private Bank, a division of HSBC Bank USA, N.A. (the Bank), for informational purposes and is not a
recommendation, offer or solicitation to purchase or sell any product, security, commodity, currency or other instrument. This document does not consider
your specific objectives, circumstances or needs, does not provide legal or tax advice, and does not identify or define all the risks that may be associated
with investing in hedge funds or any investment. Prior to making an investment decision, you should consult with your own legal, financial, tax, accounting
and other professionals regarding the appropriateness of investing in any product, security, commodity, currency or other instrument. No person is
authorized to use this document for any purpose other than the purpose stated above.
The information contained in this document is derived from a variety of sources we believe to be reliable; however, we cannot guarantee its accuracy or
completeness, nor shall we be liable for any incidental or consequential losses or damages including, but not limited to, errors (including errors of
transmission), inaccuracies, omissions, changes in market factors or conditions, or any other circumstances beyond our control. The information, analysis
and opinions contained herein constitute our present judgment, which is subject to change at any time without notice. The information contained herein is
confidential and intended solely for the use of the client or prospective client to whom it has been delivered. It is not to be produced or distributed to any
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Where this document is distributed by HSBC Securities USA Inc. please note that alternative investments are generally intended
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