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Less than US$50M in total capital.
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| Small Hedge Fund - High Yield Hedge Fund - Annual Yield |
| 10 - 15% Total Annual Return Target - 2003 (7.95%YTD) |
| FUND STRATEGY - Total Capital - US$25 million |
|
SHF 2002
Japanese Synthetic Warrant Fund |
 |
|
| Small Hedge Fund-Synthetic Warrant Fund - Annual Yield |
| 2003 (44.59%YTD), Best Monthly Return 38.5% |
| FUND STRATEGY-Total Capital-Less than US$20Million |
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