EFTA00619963.pdf

_. • t: Hedge Weekly N°23 °r"--4;3" - 4-$7:14tdethr Investment Funds Performance Review HSBC Alternative Investment Group Week of Monday 02 Jun to Friday 06 Jun 2014 Alternative Investment Products are: HSBC ID NOT A DEPOSIT OR NOT FDIC INSURED NOT INSURED BY NOT GUARANTEED SUBJECT TO . .• OTHER OBLIGATION ANY FEDERAL BY THE BANK OR ANY INVESTMENT RISK. OF THE BANK OR GOVERNMENT OF IRS AFFILIATES INCLUDING POSSIBLE ANY OF ITS AGENCY OF THE LOSS OF PRINCIPAL AFFILIATES UNITED STATES INVESTED EFTA00619963 Contents Index by Strategies 3 Index by Funds 4 Top/Bottom 20 9 Newsletter 12 About This Document 54 Past performance is not a reliable indicator of future performance. HSBC Alternative Investment Group I 2 EFTA00619964 Index by Strategies Commodity 37 Convertible Arbitrage Commodity-Systematic 37 Convertible 12 Currency 37 Credit Long/Short Diversified 38 Credit 13 Fixed Income 41 Systematic 41 Distressed Managed Futures Distressed Security 18 Commodity 42 Equity Long/Short Currency 42 Equity-Commodity 20 Fixed Income 42 Equity-Diversified 21 Systematic 44 Equity-Energy 27 Market Neutral Equity-Financial 28 Equity-Healthcare 28 Discretionary 45 Equity-Mid-Small Cap 28 Equity Diversified 46 Equity-Pharma-Biotech 29 Multi-Strategy 46 Equity-Real Estate 30 Statistical Arbitrage 47 Equity-Technology 30 Systematic 47 Equity-Utility 30 Merger Arbitrage Event Driven Merger-Arbitrage 48 Equity-Diversified 31 Multi-Strategy Multi-Strategy 31 Credit 49 Fixed Income Arbitrage Diversified 49 Fixed Income 33 Volatility Arbitrage Fund of Funds Arbitrage 53 Arbitrage 34 Event Driven 34 Long/Short 34 Macro 34 Multi-Strategy 35 Trading 35 Long Only Equity-Diversified 36 Macro Past performance is not a reliable indicator of future performance. HSBC Alternative Investment Group 3 so.ree I ISBC EFTA00619965 Index by Funds ALYSHEBA FUND LIMITED 26 BLACKROCK MULTI-STRATEGY FUND 50 BTG PACTUAL GLOBAL EM. MKTS AN 39 4 AMAZON MARKET NEUTRAL FUND CLA 45 BLACKROCK 32 CAPITAL MASTER FU 47 BTG PACTUAL GLOBAL EQUITY OPPO 50 ANAVON MASTER FUND LTD CLASS - 23 BLACKROCK CAPITAL STRUCTURE IN 50 400 CAPITAL CREDIT OPPORTUNITI 16 ANDURAND COMMODITIES FUND 37 BLACKROCK EUROPEAN DIVERSIFIED 46 Ci A ANTARES EUROPEAN FUND. LTD - U 22 BLACKROCK FIXED INCOME GLOBAL 33 CAIRN CREDIT FOCUS FUND LTD 13 AOUILUS INFLECTION FUND LTD E 22 BLACKROCK OBSIDIAN FUND 33 CAIRN SPECIAL OPPORTUNITIES CR 13 A.R.T. INTERNATIONAL INVESTOR 47 ARCUS JAPAN FUND -JPY- 25 BLACKROCK UK EQUITY HEDGE FUND 26 CAMPBELL GLOBAL ASSETS FUND LT 42 ABSOLUTE INSIGHT CREDIT FUND B 13 ARISTEIA INTERNATIONAL LTD 14 BLUEBAY CREDIT ALPHA LONG SHOR 14 CAMPBELL GLOBAL ASSETS FUND LT 43 ABSOLUTE INSIGHT EMERGING MARK 13 ARMAJARO COMMODITIES FUND CLAS 37 BLUEBAY EMERGING MARKET FIXED 13 CAMPBELL GLOBAL ASSETS FUND LT 47 ABSOLUTE INSIGHT UK EQUITY MKT 45 ARMAJARO EMERGING MARKETS FUND 21 BLUECREST CAPL INTL LTD A USD 50 CANDLEWOOD SPECIAL SITUATIONS 18 ACUITY CORPORATE OPPORTUNITY F 17 ARMAJARO STS COMMODITIES FUND 37 BLUECREST EMERGING MARKETS FUN 38 CANDLEWOOD STRUCTURED CREDIT F 15 ADELPHI EMERGING EUROPE. FUND 21 ARROWGRASS MASTER FUND 49 BLUECREST MULTI STRATEGY CREDI 14 CANDLEWOOD STRUCTURED CREDIT H 15 ADELPHI EUR. FUNDS (A) 22 ASCEND PARTNERS FUND II LTD - 26 BLUEMATRIX FUND CLASS -A- USD 47 CANOSA GLOBAL MACRO FUND LTD 39 ADRIGO HEDGE 22 ASGARD FIXED INCOME FUND LTD 14 BLUEMOUNTAIN CREDIT ALTERNATIV 14 CANTAB CAPITAL PARTNERS QUANTI 43 AG MORTGAGE VALUE PARTNERS LTD 14 ASPECT DIVERSIFIED FUND - CLAS 42 BLUEMOUNTAIN EQUITY ALTERNATIV 53 CANYON BALANCED FUND LTD CLA 49 AG SUPER FUND INTERNATIONAL. L 31 ATLAS ENHANCED FUND LTD 49 BLUEMOUNTAIN LONG SHORT CREDIT 14 CANYON VALUE REALIZATION FD. L 18 AHL (cayman) SPC EVOLUTION USD 42 ATLAS FUNDAMENTAL TRADING FUND 24 BLUETREND FUND. LTD -CLASS A 42 CAPEVIEW AZRI 2X FUND 22 AHL ALPHA 42 ATLAS GLOBAL INVESTMENTS LTD U 49 BNY MELLON ARX BRAZIL FUND SPC 21 CAPEVIEW AZRI FUND 22 AHL DIMENSION USD SHARES CLASS 49 AXONIC CREDIT OPPORTUNITIES OV 14 BORONIA DIVERSIFIED FUND MASTE 42 CAPEVIEW RECOVERY FUND 13 AHL DIVERSIFIED 42 AXONIC SYSTEMATIC ARBITRAGE OV 33 BOUSSARD & GAVAUDAN HOLDING LT 50 CAPITAL FOUR CREDIT OPPORTUNIT 13 AJIA-LIGHTHORSE CHINA GROWTH F 20 BREVAN HOWARD ASIA FUND LIMITE 38 CAPITAL FUND. LTD (THE) 39 AJR INTERNATIONAL (BVI). INC. 26 B BREVAN HOWARD COMMODITIES STRA 37 CAPULA GLOBAL RELATIVE VALUE F 33 AKAMATSU FUND 25 BREVAN HOWARD CREDIT CATALYSTS 15 BAF LATAM TRADE FINANCE FUND 13 CASSIOPEIA FUND CLASS C 53 ALLBLUE LIMITED 49 BREVAN HOWARD CREDIT VALUE FU 15 BASSO INVESTORS LTD 12 CASTLEROCK FUND LTD 26 ALLIANCE BERNSTEIN SELECT US E 26 BREVAN HOWARD FUND. LTD-USD 39 BAY POND INVESTORS (BERMUDA). 27 CAXTON GLOBAL INVESTMENT LTD 39 ALPHA4X CAPITAL GROWTH FUND 38 BREVAN HOWARD INVEST. FUND E 41 BAY RESOURCES PARTNERS OFFSHOR 26 CC ASIA ABSOLUTE RETURN FUND 20 ALPHADYNE INVESTMENT STRATEGIE 38 BREVAN HOWARD MIS FUND. LTD - 50 BCM WESTON LP (BILLINGS CAPITA 26 CCI HEALTHCARE PARTNERS LTD 28 ALPHAGEN HOKUTO FUND LTD - CIA 25 BRIGADE LEVERAGED CAPITAL STRU 17 BEACH POINT TOTAL RETURN OFFSH 17 CERBERUS INTL. LTD CLASS A A/ 18 ALPHAGEN JAPAN ABS RETURN FD. 25 BROOKFIELD GLOBAL LISTED INFRA 24 BEACONLIGHT OFFSHORE FUND LTD 24 CHENAVARI CORPORATE CREDIT STR 15 ALPHAGEN OCTANIS CLASS A 26 BROOKFIELD GLOBAL REITS LONG S 30 BLACK DIAMOND RELATIVE VALUE L 45 CHENAVARI MULTI STRATEGY CREDI 49 ALPHAGEN VOLANTIS FUND. LTD - 29 BRUMMER MULTISTRATEGY 2XL. LTD 50 BLACK DIAMOND. LTD - CLASS B 50 CHENAVARI REGULATORY CAPITAL S 13 ALYDAR FUND LTD 26 BRYN MAWR OFFSHORE LTD 47 BLACKROCK EOS CLASS B USD COM 47 CHENAVARI TORO CAPITAL I A 14 Past performance is not a reliable indicator of future performance. HSBC Alternative Investment Group I 4 Source HSBC EFTA00619966 Index by Funds CHILTON CHINA OPPORTUNITIES FU 20 DUET GLOBAL FUND PLUS 24 COBALT OFFSHORE LTD 26 DYMON ASIA MACRO FUND (SERIES 37 G H COHERENCE CAPITAL SPECTRUM FUN 15 GABELLI ASSOCIATES LIMITED - C 48 HABROK LTD 24 COMAC GLOBAL MACRO FUND 39 E GAM DIVERSITY I INC - US$ CLAS 35 HALCYON OFF. ASSET-BACKED VALU 19 COMMONWEALTH OPPORTUNITY CAYMA 39 EAGLE GLOBAL FUND 43 GAM DIVERSITY II INC - US$ CLA 35 HALCYON PARTNERS OFFSHORE FUND 50 CONQUEST MACRO FUND. LTD (COMP 43 EAGLE QUANTITATIVE MACRO FUND 41 GAM GLOBAL RATES HEDGE FUND 39 HARBOUR HOLDINGS LTD 29 CONTRARIAN CAPITAL FUND I OFFS 18 ECLECTICA FUND (THE) CLASS A E 39 GAM TALENTUM ENHANCED EUROPE L 46 HARMONIC ALPHA PLUS MACRO FUN 40 CONTRARIAN EMERGING MARKETS OF 13 EDGESTREAM NIAS FUND 43 GAM TRADING II USD 35 HARNESS MACRO CURRENCY FUND 37 COOPER CREEK PARTNERS LLC 29 EIFFEL CREDIT OPPORTUNITIES FU 14 GAMUT INVESTMENTS 39 HARVEY SMIDCAP OFFSHORE FUND L 29 COS ABS FEEDER FUND CLASS -B 15 ELEMENT CAPITAL FUND 39 GAVEA FUND LTD . CLASS A Si1 38 HIGHBRIDGE CAPITAL CORPORATION 50 COS ASIA FEEDER FUND LTD- CLAS 12 ELLINGTON CREDIT OPPORTUNITIES 15 GEMS PROGR. FUND SICAV RECOVER 34 HORSEMAN GLOBAL FUND USD 24 COS CONV 8 WANT STRATS FEED F 12 ELLINGTON MORTGAGE OPPORTUNITI 15 GLADE BROOK GLOBAL OFFSHORE FU 24 HSBC ASIAN ADVANTEDGE FUND 34 COS CREDIT LONG SHORT FEEDER F 15 ELM RIDGE CAPITAL PARTNERS L.P 26 GLENVIEW CAPITAL PARTNERS (CAY 26 HSBC CREDIT MARKET OPPORTUNITI 34 COS DIRECTIONAL OPP. FEEDER FU 50 EMINENCE FUND LTD A INITIAL S 26 GLG CROSS ASSET VALUE OFFSHORE 14 HSBC GH FUND USD 35 COS DIVERSIFIED FUND (SPC) LTD 50 ENNISMORE EUROPEAN SMALLER COM 28 GLG EUROPEAN EQUITY ALTERNATIV 46 HSBC HEDGE INVESTMENTS FUND 35 CRABEL FUND SPC LTD CLASS A 43 EPISODE INC. CLASS A 39 GLG EUROPEAN LONG SHORT FUND C 22 HSBC LEVERAGED GH FUND 35 CUMULUS ENERGY FUND CLASS A US 42 EQUILIBRIA JAPAN FUND LTD IX U 45 GLG MARKET NEUTRAL FUND - CLAS 50 HSBC MAA FUND USD 34 CYGNUS UTILITIES. INFRASTRUCTU 30 EQUILIBRIA JAPAN FUND LTD 2X 45 GOLDEN CHINA FUND NR CLASS 20 HSBC NEXT GENERATION FUND NNI 35 EXANE ARCHIMEDES FUND CLASS A 30 GRAHAM ABSOLUTE RETURN TRADING 39 HSBC SPECIAL OPPORTUNITIES FUN 34 D EXANE MICROMEGAS FUND LTD- CLA 45 GRAHAM GIF II PROPRIETARY MATR 43 HSBC TRADING ADVANTEDGE FUND 35 DAVIDSON KEMPNER DIST. OPP. IN 18 EXANE TEMPLIERS FUND 24 GRAHAM GLOBAL INVESTMENT FUND 39 HSBC UCITS ADVANTEDGE FUND -US 35 DAVIDSON KEMPNER INTL. LTD C 31 GRAHAM GLOBAL INVESTMENT FUND 43 HT ASIAN CATALYST FUND LLC 20 DB PLATINUM IV DBX SYSTEMATIC 43 F GRAHAM GLOBAL INVESTMENT FUND 43 HUDSON BAY INTERNATIONAL FUND 46 DB PLATINUM V HERMES A.R. COMM 37 GRAHAM GLOBAL INVESTMENT FUND 43 HUTCHIN HILL DIVERSIFIED ALPHA 51 FARRINGDON ALPHA ONE 24 DB SELECT EUROFIN ACCURATE FX 42 GRAHAM GLOBAL INVESTMENT FUND- 40 FINISTERRE SOVEREIGN DEBT FUND 13 DIAMOND CAPITAL MANAGEMENT 35 GREEN FUND LLC GREEN CLASS 38 FIREBIRD NEW RUSSIA FUND. LTD 21 DISCOVERY GLOBAL MACRO FUND LT 39 GREEN T G2 FUND 15 FIREBIRD REPUBLICS FUND. LTD 21 III FUND LTD 33 DISCOVERY GLOBAL OPPORTUNITY F 39 GREENLIGHT CAPITAL OFFSHORE. L 29 FOC PARTNERS CAPITAL I FUND 15 III RELATIVE VALUE CREDIT STRA 33 DISCUS FEEDER LTD CL. B USD ST 43 GROWTH MANAGEMENT LTD 21 FORT GLOBAL DIVERSIFIED 43 III SELECT CREDIT FUND LTD CLA 15 DORSET ENERGY FUND. LTD CLAS 27 GRT TOPAZ OFFSHORE PARTNERS. L 29 FORTRESS ASIA MACRO FUND 38 INVICTA OFFSHORE FUND LTD 27 DOUBLE BLACK DIAMOND LTD - SER 50 GSA CAPITAL INTERNATIONAL FUND 47 FORTRESS MACRO FUND LTD. CLAS 39 IP ALL SEASONS ASIAN CREDIT HE 13 DROMEUS GLOBAL OPPORTUNITIES F 31 Past performance is not a reliable indicator of future performance. HSBC Alternative Investment Group I 5 SC.I"Ce HSBC EFTA00619967 Index by Funds ISAM SYSTEMATIC FUND CLASS A 43 LAZARD GLOBAL HEXAGON FUND 24 MARSHALL WACE MW GLOBAL FINA 28 MOORE MACRO MANAGERS FUND. LTD 40 IVORY CAPITAL FLAGSHIP STRATEG 27 LAZARD RATHMORE FUND - CLASS A 12 MARSHALL WACE MW GLOBAL OPPO 24 MS ASCEND UCITS FUND CLASS I E 25 IVORY OPTIMAL FUND LTD 27 LC CAPITAL OFFSHORE FUND. LTD 18 MARSHALL WACE MW MARKET NEUT 45 MUDRICK DISTRESSED OPPORTUNITY 18 LC EQUITY FUND LTD 22 MARTIN CURRIE ARF JAPAN FUND 25 J LIM ASIA MULTI-STRATEGY FUND C 46 MARTIN CURRIE EUROPEAN HEDGE F 22 N LIM JAPAN FUND 52 MASTERS FUND LTD MAGNOLIA SERI 34 JABCAP EMEA FUND CLASS X1 21 NEVSKY FUND PLC (COMPOSITE) 25 LINDEN INTERNATIONAL LTD si MAVERICK FUND. LTD CLASS Art 24 JABCAP GLOBAL BALANCED FUND LT 51 NEZU CYCLICALS FUND LTD 20 LION FUND. LTD (THE) 48 MBAM ACTIVE ENHANCED 22 23 JABCAP GLOBAL CONVERTIBLE FUND 12 NORDIC ALPHA CLASS B - NOK LIONSCREST TAILPRO -US EQUITY 53 MBAM ACTIVE LONG SHORT 45 JABCAP MULTI STRATEGY FUND LTD 51 LMR FUND LTD 51 MELLON OFF GLOB OPP FUND LTD - 40 O JENOP GLOBAL HEALTHCARE FUND L 28 LNG EUROPA CREDIT FUND 14 MELLON OFF. ALPHAACCESS FUND L 40 JPMORGAN PORT. STRAT. FUNDS-EU 22 LONDON DIVERSIFIED FUND. LTD - 33 MERCHANT COMMODITY FUND (THE) 37 OBSERVATORY CREDIT MARKETS FUN 14 LOOMIS SAYLES CREDIT LONG SHOP 1S MIDOCEAN ABSOLUTE RETURN CREDI 17 OCCO EASTERN EUROPEAN FUND A S 21 K LUCERNE CAPITAL OFFSHORE FUND 22 MIDOCEAN CREDIT OPPORTUNITY FU 17 OCEANIC HEDGE FUND - CLASS A 20 KALTCHUGA FUND - RUSSIA EO. SU 21 LUCIDUS CAPITAL G4 FUND 1S MILLENNIUM INTL LTD 51 OCP DEBT OPPORTUNITY INTERNATI 17 KAMUNTING STREET OFFSHORE FUND 33 LYNX (BERMUDA) LTD 43 MKP CREDIT OFFSHORE FUND 16 OCTAGON HIGH INCOME FUND 17 KEYNES LEVERAGED QUANTITATIVE 43 LYNX BERMUDA 1.5 LTD 44 MKP OPPORTUNITY OFFSHORE. LTD 40 OCTAGON PAN ASIA FUND 20 KG INVESTMENT FUND LLC 31 MLIS BEACH POINT DIVERSIFIED 16 ODEY EUROPEAN. INC (EUR) 23 KIMA PAN ASIA OFFSHORE FUND - 20 M MLIS CCI HEALTHCARE LONG SHO 28 OMEGA OVERSEAS PARTNERS. LTD 27 KINETICS FUND. INC A/A 27 MLIS GRAHAM CAPITAL SYSTEMAT 44 OMNI MACRO FUND I LIMITED 40 M. KINGDON OFFSHORE NV A/1 24 KING STREET CAPITAL. LTD 18 MLIS MARSHALL W. TOPS UCITS 45 ONE WILLIAM STREET CAPITAL FUN 17 MACQUARIE ASIAN ALPHA FUND 46 KING STREET EUROPE LTD CLASS A 18 MLIS OZ EUROPE UCITS FUND CL 31 ONSLOW MACRO FUND CLASS A 40 MACQUARIE CREDIT NEXUS FUND LT 16 KINGDON CREDIT LTD A1/1 15 MLIS THEOREMA EUROPEAN EQUIT 22 ORTUS FUND (CAYMAN) LTD 42 MADISON STREET FUND L.P. 27 KINSALE COMPASS FUND 24 MLIS YORK EVEN DRIVEN UCITS 31 OWL CREEK OVERSEAS FUND. LTD 32 MADRAGUE EQUITY LONG SHORT 22 KL Special Opportunities FUND 31 MLM MACRO PEAK PARTNERS OFFSH 40 OWS CREDIT OPPORTUNITY FUND 18 MAN GLG MULTI-STRATEGY FUND CL 51 KLS DIVERSIFIED FUND LTD 33 MOJNA ALPHA LEVERAGED MASTER F 23 OYSTER CREDIT OPPORTUNITIES FU 14 MAN GLG MULTI-STRATEGY UCITS C 51 KROM RIVER COMMODITY FUND 37 MOJNA ALPHA MASTER FUND - EUR 23 OYSTER MARKET NEUTRAL EUR 45 MARATHON VERTEX JAPAN FD. LTD 25 MONARCH DEBT RECOVERY FUND LTD 18 MARCATO INTERNATIONAL LTD 31 L MONEDA ABSOLUTE RETURN LTD SUB 31 p MARINUS OPPORTUNITIES FUND (PR 17 MONEDA LATIN AMERICAN CORPORAT 13 LANSDOWNE DEVELOPED MARKET FUN 24 MARSHALL WACE MW CORE A USD 22 PALOMA INTERNATIONAL LTD CLASS 51 MONTLAKE SKYLINE UCITS FUND IN 21 LANSDOWNE EUROPEAN EQUITY FD. 22 MARSHALL WACE MW EUREKA Al E 24 PALOMINO FUND LTD CLASS B ORIG 16 MOORE GLOBAL INV FD. LTD A 40 LANSDOWNE GLOBAL FINANCIALS FU 28 MARSHALL WACE MW EUROPEAN TO 22 PAMPLONA CREDIT OPPORTUNITIES 14 Past performance is not a reliable indicator of future performance. HSBC Alternative Investment Group I 6 Sexce I ISBC, EFTA00619968 Index by Funds PAN ASIA OPPORTUNITIES FUND LT 4s PLATINUM PARTNERS VALUE ARBITR 51 SALAR CONVERTIBLE ABSOLUTE RET 12 THE CAMBRIDGE STRATEGY APOLL 38 PASSPORT GLOBAL STRATEGY FUND 25 POLAR CAPITAL EUROP CONVICTION 23 SCHRODER CAZENOVE UK ABSOLUTE 45 THE CAMBRIDGE STRATEGY ASIAN 37 PASSPORT LONG SHORT STRATEGY F 25 POLAR CAPITAL EUROPEAN FORAGER 28 SCHRODER ISF EMERGING MARKET D 13 THE CAMBRIDGE STRATEGY EMERG 38 PASSPORT SPECIAL OPPORTUNITIES 25 POLLUX BRAZILIAN EQUITIES FUND 21 SEGANTII ASIA-PACIFIC EQUITY M 49 THE CAMBRIDGE STRATEGY- EXTEN 38 PAULSON ADVANTAGE LTD -A- 32 PORTLAND HILL OVERSEAS FUND LT 31 SELIGMAN TECH SPECTRUM FUND CL 30 THEOREMA EUROPE FUND PLUS LTD 23 PAULSON ADVANTAGE PLUS LTD 32 PROLOGUE FEEDER FUND. LTD. CLA 33 SEMINOLE OFFSHORE FUND 27 THREE BRIDGES EUROPE MASTER FU 23 PAULSON CREDIT OPPORTUNITIES L 18 PROSIRIS GLOBAL OPPORTUNITIES 16 SENVEST PARTNERS. LTD CLASS 29 TIG ARBITRAGE ENHANCED FUND 48 PAULSON ENHANCED LTD 48 SFP VALUE REALIZATION FUND 25 TIG SECURITIZED ASSET FUND LTD 16 PAULSON INTERNATIONAL. LTD 48 SIERRA EUROPE OFFSHORE. LTD - 23 TILDEN PARK OFFSHORE INVESTMEN 17 PAULSON RECOVERY FUND LTD 32 SILVER POINT CAPITAL OFFSHORE 18 TONGA PARTNERS LP 29 OVT OFFSHORE LTD CLASS 1-NR 51 PEGASUS FUND LIMITED SHARES A- 26 SILVERBACK ARBITRAGE FUND 12 TOSCA CLASS A USD 28 PELAGUS CAPITAL FUND 33 SINFONIETTA FUND 38 TRADELINK INTEGRATED PROGRAM L 44 R PELHAM LONGISHORT FUND LTD CIA 23 SOLAISE SYSTEMATIC FUND LTD 44 TRAXIS SIVIK GLOBAL HEALTHCARE 29 PENSATO EUROPA FUND LTD EURO C 23 FLAB SPECIAL SITUATION FD LTD 28 SOLUS SOLA LTD CL. I 32 TREND MACRO OFFSHORE LTD 40 PERCEPTIVE LIFE SCIENCES OFFSH 29 RAVEN ROCK CREDIT OFFSHORE FUN 17 SOMERSET SPECIAL OPPORTUNITIES 32 TRIAN PARTNERS LTD 32 PERRY PARTNERS INTERNATIONAL I 32 RBR EUROPEAN LONG SHORT LTD (E 23 SPF CREDIT SUISSE SECURITIZED 16 TRICADIA CREDIT STRATEGIES. LT 16 PERSHING SQUARE INTL.LTD 32 REAL RETURN ASIAN FUND LTD (TH 20 SPINNAKER GLOB OPP FUND. LTD C 38 TRISHIELD SPECIAL SITUATIONS F 32 PHALANX JAPAN AUSTRALASIA MULT 49 REDWOOD OFFSHORE FUND 19 SPINNAKER GLOBAL EMERGING MARK 49 TRISTAN PARTNERS LP 29 PHARO MACRO FUND LTD 40 RENAISSANCE INSTITUTIONAL DIVE 51 SR GLOBAL FUND C - INTERNATION 25 TT INTERNATIONAL FUND 40 PHARO TRADING FUND 38 RENAISSANCE INSTITUTIONAL EOUI 27 SR GLOBAL FUND H- JAPAN (Real 25 TT MID-CAP EUROPE LONG/SHORT F 23 PIMCO ABSOLUTE RETURN STRATEGY 33 RENAISSANCE INSTITUTIONAL FUTU 44 SR GLOBAL FUND INC G - GLOBA 21 TUDOR B.V.I GLOBAL FUND LTD -A 40 PIMCO GLOBAL CREDIT OPPORTUNIT 16 RESIDENTIAL REAL ESTATE TOTAL 16 SR PHOENICIA INC CLASS -A- SER 21 TUDOR B.V.I GLOBAL FUND LTD -A 40 PIMCO MULTI-ASSET VOLATILITY F 53 ROSEMONT OFFSHORE FUND LTD CLA 47 STANDARD PACIFIC CAPITAL -B- 25 TUDOR DISCRETIONARY MACRO FUND 41 PINE RIVER ASIA FUND 12 RUBICON GLOBAL FUND. LTD 40 STK CAPITAL GLOBAL EQUITIES 25 TULIP TREND FUND. LTD - A 44 PINE RIVER CONVERTIBLES FUND 12 RUSSIAN PROSPERITY FUND - A 36 STONE LION FUND LTD CLASS A 18 TWO SIGMA ABSOLUTE RETURN FUND 46 PINE RIVER CREDIT RELATIVE VAL 16 RWC SAMSARA FUND CLASS A EURO 23 STRATEGIC VALUE RESTRUCTURING 18 TWO SIGMA COMPASS CAYMAN FUND 44 PINE RIVER FIXED INCOME FUND L 16 RWC US ABSOLUTE ALPHA FUND C 27 STRATUS FUND LIMITED CLASS B 51 TWO SIGMA HORIZON CAYMAN LTD 51 PINE RIVER FUND CLASS -B1- SHA 51 SUSA EUROPEAN EQUITIES FUND CL 23 TYRUS CAPITAL EVENT FUND LTD 32 PINE RIVER LIQUID MORTGAGE FUN 33 S TYRUS CAPITAL OPPORTUNITIES FU 32 PINPOINT CHINA FUND CLASS A US 20 SAB OVERSEAS FUND LTD 27 T PINPOINT MULTI-STRATEGY FUND 40 SABA CAPITAL OFFSHORE FUND LTD 18 TELLIGENT GREATER CHINA FUND 20 U PLATINUM FUND LTD 25 SAGIL LATIN AMERICAN OPPORTUNI 21 TEWKSBURY INVESTMENT FUND. LTD 44 UMJ KOTOSHIRO FUND 26 Past performance is not a reliable indicator of future performance. HSBC Alternative Investment Group I 7 Source HSBC EFTA00619969 Index by Funds V VAN ECK HARD ASSETS 2X FUND LT 20 VARDEN PACIFIC OPPORTUNITY OFF 16 VISIUM BALANCED OFFSHORE FUND 29 VISIUM GLOBAL OFFSHORE FUND LT 51 VISIUM INSTITUTIONAL PARTNERS 28 VR GLOBAL OFFSHORE FUND LTD 19 w WATERSTONE MARKET NEUTRAL OFFS 12 WEISS MULTI-STRATEGY PARTNERS 52 WF ASIA FUND LTD 5/1 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 YORK ASIAN OPPORTUNITIES UNITS 31 YORK INVESTMENT LTD -CLASS A-U 32 z ZADIG FUND CLASS Al 23 ZEAL CHINA FUND LIMITED 21 ZWEIG-DIMENNA INTL LIMITED - C 27 Past performance is not a reliable indicator of future performance. HSBC Alternative Investment Group 8 Source 14560 EFTA00619970 Top & Bottom 20 Funds of 2014 Top Bottom Investment Funds Return Date Investment Funds Return Date PERSHING SQUARE INTL.LTD 22.67 31 May 14 MELLON OFF. ALPHAACCESS FUND LTD MCY A/ 23.78 30 Apr 14 PHARO TRADING FUND 17.98 23 May 14 RUBICON GLOBAL FUND. LTD -19.13 31 May 14 CUMULUS ENERGY FUND CLASS A USD 16.28 31 May 14 EAGLE GLOBAL FUND -18.05 30 May 14 CHENAVARI TORO CAPITAL I A 15.90 30 May 14 SR GLOBAL FUND C INTERNATIONAL (Real Pert) -17.45 31 May 14 TYRUS CAPITAL OPPORTUNITIES FUND LTD 15.79 31 May 14 CC ASIA ABSOLUTE RETURN FUND -15.94 30 Apr 14 TRISHIELD SPECIAL SITUATIONS FUND LLC 15.32 30 Apr 14 SR GLOBAL FUND H JAPAN (Real Pert) -15.79 31 May 14 TYRUS CAPITAL EVENT FUND LTD 15.09 31 May 14 DISCOVERY GLOBAL MACRO FUND LTD CLASS -A- -14.08 30 May 14 SERIES 1 BROOKFIELD GLOBAL REITS LONG SHORT STRATEGY 14.63 31 May 14 ODEY EUROPEAN. INC (EUR) -13.92 14 May 14 MUDRICK DISTRESSED OPPORTUNITY FUND LTD 13.58 31 May 14 MELLON OFF GLOB OPP FUND LTD - MULTICURRENCY - -12.16 30 Apr 14 MERCHANT COMMODITY FUND (THE) - COMPOSITE 13.04 31 May 14 Al DORSET ENERGY FUND. LTD CLASS A 12.65 31 May 14 SINFONIETTA FUND -10.73 31 May 14 TWO SIGMA COMPASS CAYMAN FUND 12.63 31 May 14 DISCOVERY GLOBAL OPPORTUNITY FUND. LTD -10.46 30 May 14 LINDEN INTERNATIONAL LTD 12.42 31 May 14 ZWEIG-DIMENNA INTL LIMITED CLASS A -9.80 30 Apr 14 PASSPORT SPECIAL OPPORTUNITIES FUND LTD CLASS 11.62 31 May 14 PEGASUS FUND LIMITED SHARES A-1 -9.42 30 May 14 AA ZEAL CHINA FUND LIMITED -9.39 30 May 14 ATLAS FUNDAMENTAL TRADING FUND LTD- CLASS A 11.37 30 Apr 14 NNI EAGLE QUANTITATIVE MACRO FUND LTD -9.14 31 May 14 SOLUS SOLA LTD CL. I 11.32 31 May 14 LANSDOWNE GLOBAL FINANCIALS FUND LTD. -N-USD -9.11 31 May 14 RAB SPECIAL SITUATION FD LTD 11.27 30 Apr 14 CHILTON CHINA OPPORTUNITIES FUND LTD -9.10 30 Apr 14 RBR EUROPEAN LONG SHORT LTD (Ex Rhine Alpha Stars) 10.75 31 May 14 INVICTA OFFSHORE FUND LTD -8.80 30 Apr 14 AHL (cayman) SPC EVOLUTION USD 10.61 31 May 14 MARTIN CURRIE ARF - JAPAN FUND -8.51 26 May 14 AMAZON MARKET NEUTRAL FUND CLASS A USD 10.23 30 May 14 AJIA-LIGHTHORSE CHINA GROWTH FUND LTD -7.75 31 May 14 This ranking is for information only and should not be considered as exhaustive. Past performance is not a reliable indicator of future performance. HSBC Alternative Investment Group 9 Source - HSBC EFTA00619971 Top & Bottom 20 Funds of 2013 Top Bottom Investment Funds Return Date Investment Funds Return Date SFP VALUE REALIZATION FUND 82.12 31 Dec 13 RAB SPECIAL SITUATION FD LTD -32.86 31 Dec 13 SENVEST PARTNERS. LTD - CLASS A 79.51 31 Dec 13 CANTAB CAPITAL PARTNERS QUANTITATIVE FUND -27.65 31 Dec 13 (THE) - USD ARISTARCHUS PEGASUS FUND LIMITED SHARES A-1 63.74 31 Dec 13 WATERSTONE MARKET NEUTRAL OFFSHORE FUND. -19.27 31 Dec 13 PAULSON RECOVERY FUND LTD 63.18 31 Dec 13 LTD SR GLOBAL FUND H JAPAN (Real Pert) 62.51 31 Dec 13 ORTUS FUND (CAYMAN) LTD -17.32 31 Dec 13 BCM WESTON LP (BILLINGS CAPITAL MANAGEMENT) 50.32 31 Dec 13 EAGLE GLOBAL FUND -15.88 31 Dec 13 OWL CREEK OVERSEAS FUND. LTD 48.63 31 Dec 13 BLUETREND FUND. LTD CLASS A -11.50 31 Dec 13 JABCAP GLOBAL BALANCED FUND LTD CLASS D/1 NI 47.80 31 Dec 13 ISAM SYSTEMATIC FUND CLASS A -10.67 31 Dec 13 PASSPORT SPECIAL OPPORTUNITIES FUND LTD CLASS 45.50 31 Dec 13 DISCUS FEEDER LTD CL. B USD STANDARD LEVERAGE -10.32 31 Dec 13 AA EAGLE QUANTITATIVE MACRO FUND LTD -10.32 31 Dec 13 PERCEPTIVE LIFE SCIENCES OFFSH FUND. LTD 43.88 31 Dec 13 THE CAMBRIDGE STRATEGY EXTENDED MARKETS -9.96 31 Dec 13 JABCAP MULTI STRATEGY FUND LTD CLASS D/1 NI 43.03 31 Dec 13 CURRENCY ALPHA GLENVIEW CAPITAL PARTNERS (CAYMAN). LTD. 42.90 31 Dec 13 HSBC TRADING ADVANTEDGE FUND -8.75 31 Dec 13 PALOMINO FUND LTD CLASS B ORIGINAL SERIES 42.36 31 Dec 13 HARMONIC ALPHA PLUS MACRO FUND - USD CLASS -8.34 31 Dec 13 TRIAN PARTNERS LTD 40.06 31 Dec 13 ARMAJARO STS COMMODITIES FUND CLASS -Z- -7.80 31 Dec 13 KINETICS FUND. INC ArA 39.73 31 Dec 13 CONQUEST MACRO FUND. LTD (COMP) -7.66 31 Dec 13 TRISTAN PARTNERS LP 38.52 31 Dec 13 LC CAPITAL OFFSHORE FUND. LTD -7.55 31 Dec 13 SR GLOBAL FUND C INTERNATIONAL (Real Peri) 36.28 31 Dec 13 ALPHA4X CAPITAL GROWTH FUND -733 31 Dec 13 TONGA PARTNERS LP 34.84 31 Dec 13 SABA CAPITAL OFFSHORE FUND LTD 476 31 Dec 13 SINFONIETTA FUND 34.47 31 Dec 13 KROM RIVER COMMODITY FUND 447 31 Dec 13 LANSDOWNE DEVELOPED MARKET FUND. LTD (GBP) 33.26 31 Dec 13 LIONSCREST TAILPRO -US EQUITY FUND 433 31 Dec 13 COS CREDIT LONG SHORT FEEDER FUND LTD B1 EUR 423 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. HSBC Alternative Investment Group I 10 Source - HSBC EFTA00619972 Top & Bottom 20 Funds of 2012 Top Bottom Investment Funds Return Date Investment Funds Return Date TRISHIELD SPECIAL SITUATIONS FUND LLC 52.21 31 Dec 12 CONQUEST MACRO FUND. LTD (COMP) .3116 31 Dec 12 SFP VALUE REALIZATION FUND 44.54 31 Dec 12 RAB SPECIAL SITUATION FD LTD .27.94 31 Dec 12 TILDEN PARK OFFSHORE INVESTMENT FUND LTD 41.34 31 Dec 12 PAULSON ADVANTAGE PLUS LTD .21.50 31 Dec 12 BROOKFIELD GLOBAL REITS LONG SHORT STRATEGY 40.00 31 Dec 12 ARMAJARO STS COMMODITIES FUND CLASS -Z- -18.15 31 Dec 12 CHENAVARI REGULATORY CAPITAL STRATEGY DR C 36.91 31 Dec 12 (SAM SYSTEMATIC FUND CLASS A -17.46 31 Dec 12 COS DIRECTIONAL OPP. FEEDER FUND. Ltd - A NI USD 35.86 31 Dec 12 ORTUS FUND (CAYMAN) LTD -17.33 31 Dec 12 PINE RIVER FIXED INCOME FUND LTD 34.85 31 Dec 12 AJIA-LIGHTHORSE CHINA GROWTH FUND LTD -14.51 31 Dec 12 SENVEST PARTNERS. LTD - CLASS A 34.81 31 Dec 12 PAULSON ADVANTAGE LTD -A- -14.23 31 Dec 12 BLACKROCK OBSIDIAN FUND 34.27 31 Dec 12 ELM RIDGE CAPITAL PARTNERS L.P. -14.08 31 Dec