Institutional Investor's Alpha Magazine - November 2008 - (Page 58)

Fund of Funds 50 Rank 2008 2007 Firm, location, fund names Firm/fund capital 2008 ($ millions) One-year change (%) January – June Net return (%) 2007 Five years* Inception date 8 10 9 9 Blackstone Alt. Asset Mgmt (New York, NY) Partners strategy Park Avenue strategy Fifth Avenue/Vanderbilt Avenue strategy Madison Strategy Hedged Equity Strategy Credit Suisse Funds and Alt. Solutions (New York, NY) Hedge Index Tracker Sapic 98 Prime Select Trust (Lux) G7 Equities Long/Short Gemi Certiﬁcate B Prime Select Trust (Lux) Multi Strategy $31,5003 9,5663 3,2953 2,4753 2,2053 1,2093 27,922 2,104 564 324 270 218 27,428 25,123 24,896 13,059 5,116 2,127 1,316 126 24,500 20,1955 2,927 1,302 1,0256 9186 8716 20,019 4,115 3,720 19,3957 3,000 2,260 2,026 975 964 18,926 9,750 18,156 12,700 468 530 389 372 118 4,016 257 127 29 1,440 590 410 171 69 36.96%3 16.34 –0.07% –1.10 1.23 3.41 –0.26 22.87 23.38 0.87 –2.84 9.03 –6.11 –6.51 12.37 24.37 130.145 –0.53 –1.88 –4.356 –9.536 2.19 –1.06 –5.67 280.747 0.20 –1.80 –3.90 –18.20 8.00 24.69 6/1/01 –7.97 –16.01 19.40 25.90 7.20 23.20 31.70 9.30 11.60 8.80 10.50 9.90 5/23/01 11/29/69 2/11/98 3/31/93 1/1/96 9.84 14.05 7.09 9.16 1/1/99 1/1/74 9.31 12.60 6.63 6.43 8.13 3.12 23.88 –0.35 7.63 6.68 5.51 19.23 12.40 6/30/96 6/30/96 10/31/02 6/30/96 1/31/06 9.57% 9.37 17.49 10.43 7.54 7.88% 6.85 10.03 10.24 6.33 7/1/02 7/31/98 1/4/99 3/31/05 6/30/04 10 11 12 11 12 8 Grosvenor Capital Mgmt (Chicago, IL) Goldman Sachs Hedge Fund Strategies (Princeton, NY) GAM (London, U.K.) Diversity Trading Strategy Multi-Arbitrage Strategy Multi-Emerging Markets Strategy Multi-Commodities Strategy BlackRock Alt. Advisors4 (New York, NY) Morgan Stanley (New York, NY) Institutional Fund of Hedge Funds Alt. Investment Partners Absolute Return Fund Liquid Markets Fund II Premium Partners Fund II Premium Partners Fund I Notz, Stucki & Cie. (Geneva, Switzerland) DGC Pendulum Haussmann Holdings LCF Edmond de Rothschild Asset Mgmt (London, U.K.) Prifund Alpha Uncorrelated Leveraged Capital Holdings European Capital Holdings Asian Capital Holdings Fund Trading Capital Holdings Paciﬁc Alt. Asset Mgmt Co. (Irvine, CA) Moderate Multi-Strategy Bank of New York Mellon Corp. (New York, NY) Ivy Asset Mgmt Corp. (Jericho, NY) Defenders Fund Rising Stars Clarus Associates Partners Fund I Global Equity Opportunites Fund EACM Advisors (Norwalk, CT) Mellon First Principle Fund Absolute Return Fund Event-Driven Offshore Fund Mellon Global Alt. Investments (London, U.K.) Sanctuary II Fund Sanctuary Fund Recovery Fund Credit Opportunities Fund ranked No. 14 last year. 5 Capital includes Morgan Stanley Investment Management and Global Wealth Management discretionary and advisory 13 14 14 30 15 15 16 48 17 18 16 13 26.16 –2.89 –1.51 –3.47 0.91 –2.96 –3.09 1.54 –2.77 7.39 7.18 11.70 6.62 6.03 6.19 9.32 4.73 7/1/04 3/7/01 8/1/06 4/3/06 7.34 9.12 8.56 3.80 7.36 6.63 5/1/06 1/1/03 11/1/05 3 As of July 1, 2008. 4 BlackRock acquired the fundof-funds business of Quellos Group in October 2007; Quellos Capital Management assets. Capital last year included only MSIM assets; Morgan Stanley Alternative Investment Partners ranked No. 30 last year. 6 As of August 1, 2008. 7 Capital includes assets that are not publicly listed and were not included in last year’s ﬁgure. 58 • INSTITUTIONAL INVESTOR’S ALPHA • NOVEMBER 2008

Table of Contents Feed for the Digital Edition of Institutional Investor's Alpha Magazine - November 2008

Institutional Investor's Alpha Magazine - November 2008 Contents Letter from the Editor Longs & Shorts Pension Corner: Risk Rewarded The Good Guys: In the Here and Now Interview: Minister of Finance Cover Story: The Agony of Dan Zwirn Strategies: The Early Birds Are Awake Strategies: The Call of Shari’a Profile: Sweet Home Chicago Research Center: What Stampede? Alpha Bytes: Centralize the Data Unhedged: Commentary: Learning from the Wreckage

Institutional Investor's Alpha Magazine - November 2008

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