00 stocks in the Russell 3000 Index. The index is maintained by FTSE Russell a subsidiary of the London Stock Exchange Group. "Mel World index' The MSCI World index is a broad global equity benchmark that represents large and mid-cap equ€y performance across 23 developed markets countries. H: covers approxi

0% 3% 29% 12% 12% 9% 21% 20% 12% 12% 18% 30% 15% 15% 12% SOF (2006) SOF D (2010) SOF 11 (2011) SOF III (2014) ■Glendower Net IRR MSCI World Russell 2000 ■Thomson Reuters ______ I I I I I I I I I I I I I 23% I I 15% 9% 7% SOF Program rl) Performance figures have been

0% 3% 29% 12% 12% 9% 21% 20% 12% 12% 18% 30% 15% 15% 12% SOF (2006) SOF D (2010) SOF 11 (2011) SOF III (2014) ■Glendower Net IRR MSCI World Russell 2000 ■Thomson Reuters _ _ I I I I I I I I I I I I 23% I I 15% 9% SOF Program ii) Performance figures have been calculat

00 stocks in the Russell 3000 Index. The index is maintained by FTSE Russell a subsidiary of the London Stock Exchange Group. "Mel Wor€d index' The MSCI World index is a broad global equity benc:hrnark that represents large and mid-cap equ€y periormance across 23 developed mareets countries. H: covers appro

0% 3% 29% 12% 12% 9% 21% 20% 12% 12% 18% 30% 15% 15% 12% SOF (2006) SOF D (2010) SOF 11 (2011) SOF III (2014) ■Glendower Net IRR MSCI World Russell 2000 ■Thomson Reuters ______ I I I I I I I I I I I I I 23% 15% 9% SOF Program II) Performance figures have been calculated

0% 3% 29% 12% 12% 9% 21% 20% 12% 12% 18% 30% 15% 15% 12% SOF (2006) SOF D (2010) SOF 11 (2011) SOF III (2014) ■Glendower Net IRR MSCI World Russell 2000 ■Thomson Reuters ______ I I I I I I I I I I I I I 23% I I 15% 9% SOF Program II) Performance figures have been calc

O% 3% 29% 12% 12% 9% 21% 20% 12% 12% 18% 3O% 15% 15% 12% SOF (2OO6) SOF D (2O1O) SOF 11 (2O11) SOF III (2014) ■Glendower Net IRR MSCI World Russell 2000 ■Thomson Reuters ______ I I I I I I I I I I I I I 23% 15% 9% 7% SOF Program II) Performance figures have been calcul

torus, li.0 2/3/2014 Current Gross Notional Risk by Category 198,381 535,342 s APAC • EMEA • AMER • EquityCom • Credit T24M Performance Vs. MSCI World Index 1.95 1.75 1.55 1.35 1.15 0.95 0.75 le le le le le le le le le le le le 4;'°' 4 4 4 0 44 0 0 0 0 44 0 — MSCIWorld ATORUS Rollin

torus, LIC 2/6/2014 Current Gross Notional Risk by Category 209,622 il 543,295 • APAC • EMEA • AMER • EquityCom • Credit T24M Pertinence Vs. MSCI World Index 1.95 1.75 1.55 1.35 1.15 0.95 0.75 pk,a<> tz,G ao<> 60. 4, C) ads, anti #4;)%tt. %ICC° 4 \1 P 43°I. anti A r$4, ti? °e t

s Notional Risk by Category 198,381 1,350,93 11 OLD A7'f 1,627,358 535,342 • APAC • EMEA • AMER • EquityCom • Credit T24M Performance Vs. MSCI World Index 1.95 1.75 1.55 1.35 —MSCIWorld 1.15 —ATORUS 0.95 0.75 * * * 4* 4" et. , 1 , 44 0,‘ e ce s. ,b0 4 4)\ AO 44 4 4 Rolli

rrent Gross Notional Risk by Category 220,804 -.41,450 1,324,576 , 1,552,443 ■ APAC ■ EMEA ■ AMER ■ EquityCom ■ Credit T24M Performance Vs. MSCI World Index Rolling 30 Day Realized Volatility - A EFTA00292880 Atorus, LLC 2/10/2014 Percentile Distribution of Current MTM Gains in Vol Days by Pos

292863 Atorus, LIC 2/7/2014 Current Gross Notional Risk by Category 222,306 • APAC • EMEA • AMER • EquityCom • Credit T24M Performance Vs. MSCI World Index 1.95 1.75 1.55 1.35 1.15 0.95 0.75 ct9. ll? 16sr 4;) ticl, O4) G tog oyA op 4 4 4 ett <,Cv 4 ^\yeti cP - MSOWerld — MOW

EFTA00292772 Atorus, LIC 1/31/2014 Current Gross Notional Risk by Category ■ APAC ■ EMEA ■ AMER ■ EquityCom ■ Credit T24M Performance Vs. MSCI World Index 1.95 1.75 1.55 1.35 1.15 0.95 0.75 .scle ee e et ee eeeee cis, os,n) e 4 rb 4 A 4 4 4 4 '0 4 42 4 5 N. N. — MSCIWorld —

) EFTA00292817 Atorus, LIC 2/5/2014 Current Gross Notional Risk by Category ■ APAC ■ EMEA ■ AMER ■ EquityCom ■ Credit T24M Performance Vs. MSCI World Index 1.95 1.75 1.55 1.35 1.15 0.95 0.75 omo, op:) 4,1, 4?› 4, b anti anti ~~ti anti ~~ti 'Slt 43\ anti t‘C° A\1)91 ce 9 / 1 9

us, LIC 2/12/2014 Current Gross Notional Risk by Category 212,585 556,367 ll • APAC • EMEA • AMER • EquityCom • Credit T24M Performance Vs. MSCI World Index 1.95 1.75 1.55 1.35 1.15 0.95 0.75 oct. e ac, te te es. cr isS? 4..N Ps. is• PASCIWorkS ATORUS Roiling 30 Day Realized Vola

orus, LIC 3/10/2014 Current Gross Notional Risk by Category 246,988 AF 591,464 ■ APAC ■ EMEA ■ AMER ■ EquityCom ■ G20 Rates Performance Vs. MSCI World Index Rolling 30 Day Realized Volatility - Atorus EFTA00293089 Atorus, LLC 3/10/2014 Percentile Distribution of Current MTM Gains in Vol Days b

C 2/21/2014 Current Gross Notional Risk by Category 240,462 rf34,206 1,353,77, • APAC • EMEA • AMER • EquityCom • G20 Rates Performance Vs. MSCI World Index 1.95 1.75 1.55 1.35 1.15 0.95 0.75 t. eb trni O1'L O1'y O1'L O1ry Ors'e C:› CS% Q 0% ON 4:3" (.5% O% O% 1. 4" 4' .•

edit) EFTA00292944 Atorus, LIC 2/14/2014 Current Gross Notional Risk by Category ■ APAC ■ EMEA ■ AMER ■ EquityCom ■ Credit Performance Vs. MSCI World Index Rolling 30 Day Realized Volatility - Atorus EFTA00292945 Atorus, LLC 2/14/2014 Percentile Distribution of Current MTM Gains in Vol Days b

t) EFTA00293008 Atorus, LIC 2/25/2014 Current Gross Notional Risk by Category ■ APAC ■ EMEA ■ AMER ■ EquityCom ■ G20 Rates Performance Vs. MSCI World Index Rolling 30 Day Realized Volatility - Atorus EFTA00293009 Atorus, LLC 2/25/2014 Percentile Distribution of Current MTM Gains in Vol Days b

year, we'll need to take more directional risk where we see value across global markets. The end of "easy money" Index 2012 YT Retur Global Equities (MSCI World) .P. Morgan Developed Higl ield Bond Investment Grade (JULIexEM) 8.6% Anualized 10.8% Realized Volatility* 19.1% 12.7% 22.4% 9.4% 9.9% 11.9% 4.9% Eme