as fund II Hedge Fund 150,079 168,531 161,753 -4.02% 2.80% HSBC-Absolute Return Segregated Account 274,730 281,822 281,270 -0.20% 5.13% Notz Stuki Segregated Account 246,945 256,177 245,223 -4.28% 4.61% Spencer House- Global Equity Portfolio Segregated Account 77,040 79,806 68,838 -1