14 Mar 11 Sep 11 INVICTA OFFSHORE FUND LTD 31 Dec 09 M $87M 164.08 31 Mar (2.43%) (4.20%) 18.27% -3.28% 10.18% 12.36% 10.20% (10.11%) James Alpha LLC Feb 14 14 Mar 12 Apr 13 1. Max Drawdown: Peak to trough. Past performance is not a reliable indicator of future performance. Source - HSBC HSBC