Hedge Fund Performance Dec 2008

Index / Sub Strategies		8-Dec	YTD	1 Year
Convertible Arbitrage		-1%	-32%	-3%
Dedicated Short Bias		-2%	15%	15%
Emerging Markets		0%	-30%	-30%
Equity Market Neutral		0%	-40%	-40%
Event Driven		-1%	-18%	-18%
Distressed		-3%	-20%	-20%
Multi-Strategy		0%	-16%	-16%
Risk Arbitrage		2%	-3%	-3%
Fixed Income Arbitrage		-1%	-29%	-29%
Global Macro		1%	-5%	-5%
Long/Short Equity		1%	-20%	-20%
Managed Futures		2%	18%	18%
Multi-Strategy		-2%	-24%	-24%