Source: Bloomberg, JPMorgan, SW LCD. LCD European Mezzanine Review, 11 Highbridge Principal Strategies. As of 1/4/12 Buy Flood Control Companies —S&P Midcap Construction & Engineering Index Nov-10 May-11 Nov-11 Buy Private vs. Public Credit (YTM) 8.6% 6.7% 11.8% 9.0% 12.8% Leveraged Global HY US Single B European US Loa