10.26% (30.14%) M.R. Julis & J.S. Friedman Mar 14 14 Oct 07 - Nov 08 Diversified Ytd Avg. 2014 1.36% Ytd Avg. 2014 Diversified/Asia 3.62% PHALANX JAPAN AUSTRALASIA MULTI-STRATEGY 31 Mar 05 0 $119M 1,473.02 31 Mar (1.88%) 1.30% 12.82% 11.48% 4.79% 34.81% 26.75% (30.13%) FUND LTD Mar 14 14 Apr 06. Mar 07 Christo