Scoreboard

Hedge fund returns by strategy, sorted by investment process, asset class and
geographic focus, through November 30, 2004.

Monthly
return

YTD
return

3-mo.
return

12-mo.
return

3-yr.
return*

3-yr. std.
dev.

Composite, equally weighted 2.50 5.21 4.42 7.04 7.90 3.35
Composite, asset-weighted 2.35

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