Strategy Best Month Worst Month Annual Return Std. Dev.

  • Long/Short +13.01%-11.43%+12.16% 11.00
  • Convertible Arb +3.57%-4.68%+10.49%4.78
  • Risk Arb +3.81%-6.15%+8.42%4.46
  • Emerging Markets +16.42%-23.03%+7.10%17.76
  • Fixed-Income Arb +2.02%-6.96%+6.80%3.95
  • Dedicated Short Bias +22.71%-8.69%-3.18%18.02

Source: CSFB/Tremont Hedge Fund Index; data through December 31, 2003.