Investable indexes - October 2008

Credit Suisse /Tremont Hedge Fund Index - Dow Jones Hedge Fund Benchmarks - Frontier Capital Multi-Asset Platform Fund - Greenwich Global Hedge Fund Index - HFRX Global Hedge Fund Index - Lyxor Global hedge Fund Index

The Multi Asset Platform (MAP) Fund declined 10.4% in October 2008 with six of the eight asset classes showing negative returns. Managed futures and global bonds were the best-performing asset classes, increasing by 5.2% and 0.1% respectively. The worst-performing asset class was emerging equities, down 27.4%, followed by global real estate, down 26.1%. Over the five years to October 2008, the MAP strategy has generated 3.6% annualised returns with volatility of 8.5%. The Frontier Capital MAP is