14 14 Apr t0 - Jun 10 SILVERBACK ARBITRAGE FUND 31 Oct 06 O $571M 275.35 02 May 0.02% 1.51% 5.98% 3.34% 4.97% 14.45% 13.15% (25.79%) Silverback Asset Management Apr 14 14 Jun 08 - Nov 08 WATERSTONE MARKET NEUTRAL OFFSHORE FUND. 31 Jul 03 O $946M 201.57 02 May (0.37%) 2.33% -19.27% 11.1% 0.73% 6.