14 Mar 11 - Nov I I GAM GLOBAL RATES HEDGE FUND 31 Jan 04 M $414M 222.86 22 Apr 0.05% 2.47% -0.11% 14.71% -6.73% 8.15% 7.25% (12.25%) Adrian Owens Mar 14 14 Mar 11 - Sep it GAMUT INVESTMENTS 30 Jun 86 M $97M 8.048.23 30 Apr (0.51%) 2.57% -2.83% 0.29% -0.95% 17.06% 13.17% (13.45%)