The Dow Jones Credit Suisse Core Hedge Fund Index Closed Up 2.26% in January

Early estimates indicate the Dow Jones Credit Suisse Hedge Fund Index (“Broad Index”) finished up 2.34% in January (based on 82% of assets in the index reporting)

The Dow Jones Credit Suisse Core Hedge Fund Index closed up 2.26% in January as all of the component strategies reported positive results.

The Dow Jones Credit Suisse Core Hedge Fund Index provides daily published index values which enable investors to track the impact of market events on the hedge fund industry. January 2012, December 2011 and year-to-date 2012 performances are available at www.hedgeindex.com.

Strategy Estimates

Index	Jan-12
Broad Benchmark Index	2.34%
Convertible Arbitrage	2.43%
Dedicated Short Bias	-8.05%
Emerging Markets	5.53%
Equity Market Neutral	0.80%
Event Driven	3.15%
Distressed	2.94%
Event Driven Multi-Strategy	3.26%
Risk Arbitrage	0.86%
Fixed Income Arbitrage	1.07%
Global Macro	1.11%
Long/Short Equity	3.76%
Managed Futures	1.11%
Multi-Strategy	2.35%