| HEDGEFUND INTELLIGENCE GLOBAL INDICES |
| Strategy |
Apr 07* |
YTD |
| Global Emerging Market Debt |
1.72 |
4.76 |
| Global Emerging Market Equity |
3.34 |
7.61 |
| Global Equity |
1.7 |
4.52 |
| Global Event Driven |
1.27 |
5.63 |
| Global Futures |
2.43 |
0.98 |
| Global Macro |
1.57 |
2.73 |
| Global Composite |
1.84 |
4.65 |
| *Estimated medians based on 3,075 funds reporting as of 21 May 2007 |
| Sources: The performance databases of Absolute Return, EuroHedge, AsiaHedge and South AfricaHedge |