Index	NAV	Jul 01	YTD	1 Year	Avg Annl*	Std Dev**	Sharpe
CSFB/Tremont Hedge Fund Index	235.83	-0.02%	2.10%	5.10%	11.97%	9.54%	0.72
Convertible Arbitrage	221.07	1.08%	9.70%	15.00%	11.02%	4.92%	1.21
Dedicated Short Bias	97.83	4.14%	3.72%	28.77%	-0.29%	18.84%	-0.29
Emerging Markets	136.44	-2.95%	0.49%	-6.04%	4.18%	19.74%	-0.05
Equity Market Neutral	233.60	0.22%	6.71%	10.67%	11.83%	3.34%	2.02
Event Driven	237.01	0.47%	7.94%	10.03%	12.04%	6.36%	1.09
Fixed Income Arbitrage	165.28	0.91%	5.57%	8.49%	6.85%	4.19%	0.42
Global Macro	270.89	0.69%	12.16%	26.14%	14.03%	13.73%	0.65
Long/Short Equity	271.82	-0.72%	-4.04%	-3.09%	14.09%	12.26%	0.73
Managed Futures	143.02	0.15%	-0.63%	12.61%	4.83%	11.29%	-0.02
* Index data begins January 1994. ** Monthly standard deviation annualized.