7 - Dec 08 AQUILUS INFLECTION FUND LTD EUR SHS 31 Jul 07 M €296M 128.58 30 Apr (0.75%) 1.18% 14.59% 18.73% -14.14% 3.79% 8.96% (22.46%) Richard Vogel Mar 14 14 Oct 07 - Oct 08 CAPEVIEW AZRI 2X FUND 30 Sep 10 M $215M 155.58 30 Apr (2.54%) (0.35%) 24.8% 12.65% 4.31% 13.12% 6.32% (4.69%