PHA FUND 30 Sep 05 M $1'102M 1.854.85 02 May 0.20% 0.49% 9.04% 4.41% 9.11% 9.52% 6.27% (14.05%) Nick Bird Mar 14 14 Oct 07 - Apr 09 PAN ASIA OPPORTUNITIES FUND LTD CLASS B 31 Jul 10 M $11 31M 122.47 02 May (0.10%) (3.44%) 7.13% 2.92% 9.6% 5.54% 5.29% (4.51%) Jell Shen. Ryan Kim. Ryan LaFond. Jan Brat