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Performance Ranking www.luxhedge.com September 2014

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Performance Ranking

www.luxhedge.com September 2014

Month

ly30/09/14 LuxHedge Global UCITS Index

Sep-14 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

# Top MTD Fund N°1 7,17% 1 6 388 18 11 10 387

# Top MTD Fund N°2 6,10% 2 377 255 380 375 269 277

# Top MTD Fund N°3 5,14% 3 322 3 94 249 312 10

# Top MTD Fund N°4 4,88% 4 41 14 286 97 320 36

# Top MTD Fund N°5 4,84% 5 29 1 6 46 252 391

# Top MTD Fund N°6 4,75% 6 54 8 280 84 298 73

# Top MTD Fund N°7 4,09% 7 47 313 34 349 333 364

# Top MTD Fund N°8 3,33% 8 43 15 345 48 262 240

# Top MTD Fund N°9 3,19% 9 32 17 378 353 71 86

# Top MTD Fund N°10 3,05% 10 368 179 10 20 334 316

# Top MTD Fund N°11 2,83% 11 146 317 75 297 391 355

# Top MTD Fund N°12 2,80% 12 23 387 285 90 394 14

# Top MTD Fund N°13 2,74% 13 16 22 147 27 331 229

# Top MTD Fund N°14 2,68% 14 384 150 15 253 326 388

# Top MTD Fund N°15 2,45% 15 267 389 391 21 361 385

# Top MTD Fund N°16 2,45% 16 46 25 66 369 380 381

# Top MTD Fund N°17 2,41% 17 126 321 292 25 357 275

# Top MTD Fund N°18 2,35% 18 108 48 351 109 276 292

# Top MTD Fund N°19 2,30% 19 366 394 78 374 177 345

# Top MTD Fund N°20 2,24% 20 378 43 135 365 314 164

Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

UAI Global -0,13% 0,51% -0,33% 0,22% 0,75% -0,37% -0,33%

LuxHedge Global UCITS Index -0,31% 0,50% -0,12% 0,32% 0,73% -0,08% -0,08%

Best Performer 7,17% 7,24% 6,75% 4,89% 8,17% 6,82% 6,22%

Worst Performer -8,44% -2,39% -6,70% -3,36% -4,33% -6,38% -5,03%

# Top MTD Fund N°1 7,17% 4,53% -4,07% 2,51% 3,76% 2,11% -3,29%

# Top MTD Fund N°2 6,10% -1,02% -0,28% -1,53% -1,13% -0,16% -0,22%

# Top MTD Fund N°3 5,14% -0,40% 3,71% 0,71% 0,28% -0,54% 2,15%

# Top MTD Fund N°4 4,88% 1,98% 2,43% -0,15% 1,28% -0,64% 1,26%

# Top MTD Fund N°5 4,84% 2,26% 6,75% 3,61% 2,07% -0,05% -4,02%

# Top MTD Fund N°6 4,75% 1,73% 2,71% -0,12% 1,43% -0,45% 0,68%

# Top MTD Fund N°7 4,09% 1,83% -0,79% 1,66% -0,29% -0,83% -1,53%

# Top MTD Fund N°8 3,33% 1,93% 2,33% -0,71% 2,06% -0,12% 0,00%

# Top MTD Fund N°9 3,19% 2,21% 2,06% -1,39% -0,35% 0,77% 0,56%

# Top MTD Fund N°10 3,05% -0,87% 0,10% 2,98% 3,19% -0,84% -0,60%

Past Performance

FI

FI

L/S Europe

L/S Asia

MS

Month

ly

CCY

Monthly Top 20 Performers

Past Ranking

Strategy

CTA

MACRO

MACRO

FI

L/S Asia

L/S Asia

COMMO

MN

30/09/14 LuxHedge Global UCITS Index

COMMO

CTA

Monthly Top 10 Performers Relative to Indices

Monthly Performance Distribution

MS

L/S Europe

L/S Europe

CCY

0

40

80

120

160

200

240

7

217

167

3

-10% to -5% -5% to 0% 0% to 5% 5% to 10%

This document has been prepared for information purposes for Institutional investors only. It doesn't constitute an offer or solicitation, or as the basis for any contract, for the purchase or sale of any investment, nor do they constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or to whom it is unlawful to make such solicitation or offer. It has been prepared on the basis of information and sources believed to be reliable (Data Source: Bloomberg). All reasonable care has been taken to ensure tha t the facts stated are accurate but LuxHedge S.A. shall not in any way be responsible for the contents. Past Performances are not necessarily indicative of future results.

30/09/14 LuxHedge Global UCITS IndexYTD

YTD Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

# Top YTD Fund N°1 21,07% 386 84 76 4 393 2 3

# Top YTD Fund N°2 19,45% 59 2 366 2 2 16 226

# Top YTD Fund N°3 17,98% 244 4 324 14 1 6 332

# Top YTD Fund N°4 16,41% 383 7 4 8 4 181 370

# Top YTD Fund N°5 15,01% 96 5 95 23 3 26 333

# Top YTD Fund N°6 14,49% 5 29 1 6 46 252 391

# Top YTD Fund N°7 13,77% 381 62 301 98 43 49 5

# Top YTD Fund N°8 11,69% 3 322 3 94 249 312 10

# Top YTD Fund N°9 11,67% 389 8 377 56 6 5 334

# Top YTD Fund N°10 11,36% 4 41 14 286 97 320 36

# Top YTD Fund N°11 10,88% 6 54 8 280 84 298 73

# Top YTD Fund N°12 10,60% 36 19 11 354 356 73 22

# Top YTD Fund N°13 10,51% 371 110 149 295 39 143 48

# Top YTD Fund N°14 10,26% 280 10 278 9 7 19 368

# Top YTD Fund N°15 9,98% 55 324 47 392 367 283 6

# Top YTD Fund N°16 9,73% 94 11 329 20 17 51 254

# Top YTD Fund N°17 9,53% 354 383 316 40 18 17 94

# Top YTD Fund N°18 9,27% 14 16 22 147 27 331 229

# Top YTD Fund N°19 9,10% 378 15 361 81 14 7 318

# Top YTD Fund N°20 9,08% 37 254 353 319 218 15 7

YTD Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

UAI Global 1,00% -0,13% 0,51% -0,33% 0,22% 0,75% -0,37% -0,33%

LuxHedge Global UCITS Index 1,63% -0,31% 0,50% -0,12% 0,32% 0,73% -0,08% -0,08%

Best Performer 21,07% 7,17% 7,24% 6,75% 4,89% 8,17% 6,82% 6,22%

Worst Performer -12,39% -8,44% -2,39% -6,70% -3,36% -4,33% -6,38% -5,03%

# Top YTD Fund N°1 21,07% -4,74% 1,13% 0,55% 3,72% -2,89% 5,28% 4,50%

# Top YTD Fund N°2 19,45% 0,80% 7,21% -2,04% 4,36% 6,79% 1,87% 0,04%

# Top YTD Fund N°3 17,98% -0,45% 6,15% -1,01% 2,79% 8,17% 2,38% -0,90%

# Top YTD Fund N°4 16,41% -4,07% 4,32% 3,50% 3,44% 5,82% 0,21% -1,80%

# Top YTD Fund N°5 15,01% 0,38% 4,63% 0,42% 2,09% 6,50% 1,44% -0,91%

# Top YTD Fund N°6 14,49% 4,84% 2,26% 6,75% 3,61% 2,07% -0,05% -4,02%

# Top YTD Fund N°7 13,77% -3,82% 1,51% -0,62% 0,70% 2,09% 0,97% 3,14%

# Top YTD Fund N°8 11,69% 5,14% -0,40% 3,71% 0,71% 0,28% -0,54% 2,15%

# Top YTD Fund N°9 11,67% -5,23% 4,26% -2,78% 1,17% 4,75% 2,98% -0,95%

# Top YTD Fund N°10 11,36% 4,88% 1,98% 2,43% -0,15% 1,28% -0,64% 1,26%

2014 Performance Distribution

Past Performance

CTA

Past Ranking

30/09/14

2014 Top 20 Performers

2014 Top 10 Performers Relative to Indices

CTA

Strategy

CTA

LuxHedge Global UCITS Index

MACRO

CTA

L/S Asia

L/S Global

YTD

CTA

MN

L/S Europe

CTA

L/S Europe

CTA

L/S Europe

FI

FI

L/S Europe

MS

CTA

CTA

0

50

100

150

200

250

2 15

84

223

56

9 4 1

-15% to -10% -10% to -5% -5% to 0% 0% to 5% 5% to 10% 10% to 15% 15% to 20% 25% to 30%

responsible for the contents. Past Performances are not necessarily indicative of future results.

This document has been prepared for information purposes for Institutional investors only. It doesn't constitute an offer or solicitation, or as the basis for any contract, for the purchase or sale of any investment, nor do they constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or to whom it is unlawful to make such solicitation or offer. It has been prepared on the basis of information and sources believed to be reliable (Data Source: Bloomberg). All reasonable care has been taken to ensure tha t the facts stated are accurate but LuxHedge S.A. shall not in any way be responsible for the contents. Past Performances are not necessarily indicative of future results.

30/09/14 LuxHedge Long/Short UCITS IndexM

onthly

Sep-14 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

# Top MTD Fund N°1 4,84% 1 4 1 3 13 30 78

# Top MTD Fund N°2 3,05% 2 43 4 4 72 43 55

# Top MTD Fund N°3 2,83% 3 31 50 29 52 77 67

# Top MTD Fund N°4 2,80% 4 1 76 48 25 79 11

# Top MTD Fund N°5 2,68% 5 71 27 6 49 50 76

# Top MTD Fund N°6 2,41% 6 27 53 51 4 59 50

# Top MTD Fund N°7 2,22% 7 5 13 72 18 61 62

# Top MTD Fund N°8 1,49% 8 25 30 19 73 68 22

# Top MTD Fund N°9 1,42% 9 38 34 54 36 33 63

# Top MTD Fund N°10 1,34% 10 46 64 56 43 5 8

# Top MTD Fund N°11 1,32% 11 44 48 64 74 60 43

# Top MTD Fund N°12 1,22% 12 61 61 67 75 76 65

# Top MTD Fund N°13 1,14% 13 74 3 9 71 51 52

# Top MTD Fund N°14 0,93% 14 48 21 5 40 74 51

# Top MTD Fund N°15 0,85% 15 57 16 78 70 37 7

# Top MTD Fund N°16 0,80% 16 19 22 63 19 54 60

# Top MTD Fund N°17 0,76% 17 62 54 77 55 72 75

# Top MTD Fund N°18 0,71% 18 11 14 20 32 52 68

# Top MTD Fund N°19 0,70% 19 23 78 33 7 35 32

# Top MTD Fund N°20 0,69% 20 58 68 61 37 28 20

Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

UAI Long Short Equity -0,35% 0,53% -0,66% 0,21% 0,65% -0,98% -0,54%

LuxHedge Long/Short UCITS Index -0,45% 0,47% -0,59% 0,40% 1,01% -0,75% -0,57%

Best Performer 4,84% 2,55% 6,75% 3,81% 3,42% 6,82% 3,74%

Worst Performer -8,44% -3,53% -4,59% -3,36% -5,82% -6,38% -4,68%

# Top MTD Fund N°1 4,84% 2,26% 6,75% 3,61% 2,07% -0,05% -4,02%

# Top MTD Fund N°2 3,05% 0,10% 2,98% 3,19% -0,84% -0,60% -0,54%

# Top MTD Fund N°3 2,83% 0,53% -0,88% 0,89% 0,06% -4,48% -1,36%

# Top MTD Fund N°4 2,80% 2,55% -4,02% -0,14% 1,39% -6,38% 1,95%

# Top MTD Fund N°5 2,68% -1,32% 0,18% 2,72% 0,27% -0,72% -3,40%

# Top MTD Fund N°6 2,41% 0,71% -0,94% -0,18% 2,64% -1,28% -0,20%

# Top MTD Fund N°7 2,22% 2,15% 1,13% -1,38% 1,80% -1,30% -0,82%

# Top MTD Fund N°8 1,49% 0,83% 0,13% 1,41% -1,20% -2,11% 0,97%

# Top MTD Fund N°9 1,42% 0,26% -0,19% -0,32% 0,78% -0,13% -1,03%

# Top MTD Fund N°10 1,34% 0,00% -1,51% -0,38% 0,41% 1,88% 2,72%

Europe

Global

Europe

Asia

Europe

Europe

Europe

Europe

Europe

Europe

Europe

Europe

Zone

Asia

Asia

Europe

Europe

Asia

Europe

Europe

Em. Mkts

30/09/14 LuxHedge Long/Short UCITS IndexM

onthly

Monthly Top 20 Performers

Monthly Top 10 Performers Relative to Indices

Monthly Performance Distribution

Past Ranking

Past Performance

0

5

10

15

20

25

30

3 2

3

11

26

23

6

4

1

-8,75% to -5% -5% to -3,75% -3,75% to -2,50% -2,50% to -1,25% -1,25% to 0% 0% to 1,25% 1,25% to 2,50% 2,50% to 3,75% 3,75% to 5%

This document has been prepared for information purposes for Institutional investors only. It doesn't constitute an offer or solicitation, or as the basis for any contract, for the purchase or sale of any investment, nor do they constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or to whom it is unlawful to make such solicitation or offer. It has been prepared on the basis of information and sources believed to be reliable (Data Source: Bloomberg). All reasonable care has been taken to ensure tha t the facts stated are accurate but LuxHedge S.A. shall not in any way be responsible for the contents. Past Performances are not necessarily indicative of future results.

2014 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

# Top YTD Fund N°1 14,49% 1 4 1 3 13 30 78

# Top YTD Fund N°2 13,77% 75 9 46 31 10 13 5

# Top YTD Fund N°3 10,51% 73 24 26 53 8 24 23

# Top YTD Fund N°4 9,98% 15 57 16 78 70 37 7

# Top YTD Fund N°5 9,53% 68 70 49 16 2 6 30

# Top YTD Fund N°6 9,08% 10 46 64 56 43 5 8

# Top YTD Fund N°7 8,37% 7 5 13 72 18 61 62

# Top YTD Fund N°8 7,70% 29 39 10 40 56 9 4

# Top YTD Fund N°9 6,96% 50 12 24 25 6 10 39

# Top YTD Fund N°10 6,57% 9 38 34 54 36 33 63

# Top YTD Fund N°11 5,97% 13 74 3 9 71 51 52

# Top YTD Fund N°12 5,59% 2 43 4 4 72 43 55

# Top YTD Fund N°13 5,32% 19 23 78 33 7 35 32

# Top YTD Fund N°14 5,17% 53 2 43 27 17 17 26

# Top YTD Fund N°15 4,93% 42 3 25 14 24 58 46

# Top YTD Fund N°16 4,81% 16 19 22 63 19 54 60

# Top YTD Fund N°17 4,80% 25 56 28 52 23 16 48

# Top YTD Fund N°18 4,54% 41 15 37 13 31 7 27

# Top YTD Fund N°19 4,41% 14 48 21 5 40 74 51

# Top YTD Fund N°20 4,23% 18 11 14 20 32 52 68

2014 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

UAI Long Short Equity 0,87% -0,35% 0,53% -0,66% 0,21% 0,65% -0,98% -0,54%

LuxHedge Long/Short UCITS Index 1,20% -0,45% 0,47% -0,59% 0,40% 1,01% -0,75% -0,57%

Best Performer 14,49% 4,84% 2,55% 6,75% 3,81% 3,42% 6,82% 3,74%

Worst Performer -11,41% -8,44% -3,53% -4,59% -3,36% -5,82% -6,38% -4,68%

# Top YTD Fund N°1 14,49% 4,84% 2,26% 6,75% 3,61% 2,07% -0,05% -4,02%

# Top YTD Fund N°2 13,77% -3,82% 1,51% -0,62% 0,70% 2,09% 0,97% 3,14%

# Top YTD Fund N°3 10,51% -2,75% 0,86% 0,18% -0,19% 2,13% 0,33% 0,87%

# Top YTD Fund N°4 9,98% 0,85% -0,41% 1,05% -2,73% -0,76% -0,21% 2,97%

# Top YTD Fund N°5 9,53% -1,86% -1,18% -0,88% 1,55% 3,34% 1,86% 0,50%

# Top YTD Fund N°6 9,08% 1,34% 0,00% -1,51% -0,38% 0,41% 1,88% 2,72%

# Top YTD Fund N°7 8,37% 2,22% 2,15% 1,13% -1,38% 1,80% -1,30% -0,82%

# Top YTD Fund N°8 7,70% 0,12% 0,22% 1,65% 0,14% -0,03% 1,09% 3,23%

# Top YTD Fund N°9 6,96% -0,89% 1,29% 0,23% 1,00% 2,50% 1,05% 0,26%

# Top YTD Fund N°10 6,57% 1,42% 0,26% -0,19% -0,32% 0,78% -0,13% -1,03%

Europe

Global

Global

Global

Europe

Europe

Asia

Asia

Europe

Em. Mkts

Europe

Global

Global

Europe

Asia

30/09/14 LuxHedge Long/Short UCITS Index20

14

2014 Top 20 Performers

2014 Top 10 Performers Relative to Indices

2014 Performance Distribution

Past Performance

Zone

Global

Europe

Europe

Europe

Europe

Past Ranking

0

5

10

15

20

25

30

35

40

1

4

22

38

11

3

-15% to -10% -10% to -5% -5% to 0% 0% to 5% 5% to 10% 10% to 15%

responsible for the contents. Past Performances are not necessarily indicative of future results.

This document has been prepared for information purposes for Institutional investors only. It doesn't constitute an offer or solicitation, or as the basis for any contract, for the purchase or sale of any investment, nor do they constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or to whom it is unlawful to make such solicitation or offer. It has been prepared on the basis of information and sources believed to be reliable (Data Source: Bloomberg). All reasonable care has been taken to ensure tha t the facts stated are accurate but LuxHedge S.A. shall not in any way be responsible for the contents. Past Performances are not necessarily indicative of future results.

Sep-14 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

# Top MTD Fund N°1 2,83% 1 11 16 3 27 35 31

# Top MTD Fund N°2 2,80% 2 1 34 10 14 36 5

# Top MTD Fund N°3 2,41% 3 8 19 12 3 26 22

# Top MTD Fund N°4 2,22% 4 2 1 29 10 28 27

# Top MTD Fund N°5 1,42% 5 14 9 15 18 14 28

# Top MTD Fund N°6 1,34% 6 19 26 16 22 1 2

# Top MTD Fund N°7 1,32% 7 17 14 22 35 27 18

# Top MTD Fund N°8 1,22% 8 28 24 24 36 34 29

# Top MTD Fund N°9 0,93% 9 20 3 1 20 33 23

# Top MTD Fund N°10 0,85% 10 25 2 35 34 17 1

# Top MTD Fund N°11 0,80% 11 5 4 21 11 23 26

# Top MTD Fund N°12 0,76% 12 29 20 34 28 31 36

# Top MTD Fund N°13 0,70% 13 6 36 4 5 16 14

# Top MTD Fund N°14 0,69% 14 26 28 19 19 11 8

# Top MTD Fund N°15 0,24% 15 24 7 13 13 3 21

# Top MTD Fund N°16 0,24% 16 16 11 27 26 24 4

# Top MTD Fund N°17 0,15% 17 4 25 30 16 5 6

# Top MTD Fund N°18 0,05% 18 30 12 20 30 8 7

# Top MTD Fund N°19 0,00% 19 9 18 32 7 18 25

# Top MTD Fund N°20 -0,03% 20 3 10 9 17 13 30

Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

UAI Long Short Equity -0,35% 0,53% -0,66% 0,21% 0,65% -0,98% -0,54%

LuxHedge Long/Short Europe UCITS Index 0,09% 0,11% -1,17% -0,64% 0,84% -1,06% -0,12%

Best Performer 2,83% 2,55% 1,13% 2,87% 3,42% 1,88% 2,97%

Worst Performer -2,75% -1,18% -4,27% -3,36% -1,53% -6,38% -2,71%

# Top MTD Fund N°1 2,83% 0,53% -0,88% 0,89% 0,06% -4,48% -1,36%

# Top MTD Fund N°2 2,80% 2,55% -4,02% -0,14% 1,39% -6,38% 1,95%

# Top MTD Fund N°3 2,41% 0,71% -0,94% -0,18% 2,64% -1,28% -0,20%

# Top MTD Fund N°4 2,22% 2,15% 1,13% -1,38% 1,80% -1,30% -0,82%

# Top MTD Fund N°5 1,42% 0,26% -0,19% -0,32% 0,78% -0,13% -1,03%

# Top MTD Fund N°6 1,34% 0,00% -1,51% -0,38% 0,41% 1,88% 2,72%

# Top MTD Fund N°7 1,32% 0,09% -0,84% -0,95% -1,40% -1,29% 0,09%

# Top MTD Fund N°8 1,22% -0,56% -1,31% -1,12% -1,53% -4,46% -1,22%

# Top MTD Fund N°9 0,93% -0,06% 0,49% 2,87% 0,51% -3,52% -0,24%

# Top MTD Fund N°10 0,85% -0,41% 1,05% -2,73% -0,76% -0,21% 2,97%

Past Ranking

Past Performance

30/09/14 LuxHedge Long/Short Europe UCITS IndexM

onthly

Monthly Top 20 Performers

Monthly Top 10 Performers Relative to Indices

Monthly Performance Distribution

0

2

4

6

8

10

12

1

5

11

12

5

2

-3,75% to -2,50% -2,50% to -1,25% -1,25% to 0% 0% to 1,25% 1,25% to 2,50% 2,50% to 3,75%

This document has been prepared for information purposes for Institutional investors only. It doesn't constitute an offer or solicitation, or as the basis for any contract, for the purchase or sale of any investment, nor do they constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or to whom it is unlawful to make such solicitation or offer. It has been prepared on the basis of information and sources believed to be reliable (Data Source: Bloomberg). All reasonable care has been taken to ensure tha t the facts stated are accurate but LuxHedge S.A. shall not in any way be responsible for the contents. Past Performances are not necessarily indicative of future results.

2014 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

# Top YTD Fund N°1 10,51% 36 7 6 14 6 7 9

# Top YTD Fund N°2 9,98% + 1 10 25 2 35 34 17 1

# Top YTD Fund N°3 9,53% - 1 35 36 15 2 2 2 13

# Top YTD Fund N°4 9,08% 6 19 26 16 22 1 2

# Top YTD Fund N°5 8,37% 4 2 1 29 10 28 27

# Top YTD Fund N°6 6,57% 5 14 9 15 18 14 28

# Top YTD Fund N°7 5,32% 13 6 36 4 5 16 14

# Top YTD Fund N°8 4,81% + 3 11 5 4 21 11 23 26

# Top YTD Fund N°9 4,80% - 1 15 24 7 13 13 3 21

# Top YTD Fund N°10 4,41% + 2 9 20 3 1 20 33 23

# Top YTD Fund N°11 3,41% - 2 26 34 35 25 4 25 11

# Top YTD Fund N°12 3,32% + 1 17 4 25 30 16 5 6

# Top YTD Fund N°13 2,87% 2 1 34 10 14 36 5

# Top YTD Fund N°14 2,76% 3 8 19 12 3 26 22

# Top YTD Fund N°15 2,59% - 5 34 31 30 18 23 20 12

# Top YTD Fund N°16 2,10% 20 3 10 9 17 13 30

# Top YTD Fund N°17 1,94% + 1 16 16 11 27 26 24 4

# Top YTD Fund N°18 1,92% - 4 24 13 13 6 25 9 15

# Top YTD Fund N°19 1,75% - 2 18 30 12 20 30 8 7

# Top YTD Fund N°20 1,55% - 1 21 18 17 11 12 15 34

2014 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

UAI Long Short Equity 0,87% -0,35% 0,53% -0,66% 0,21% 0,65% -0,98% -0,54%

LuxHedge Long/Short Europe UCITS Index 1,50% 0,09% 0,11% -1,17% -0,64% 0,84% -1,06% -0,12%

Best Performer 10,51% 2,83% 2,55% 1,13% 2,87% 3,42% 1,88% 2,97%

Worst Performer -6,77% -2,75% -1,18% -4,27% -3,36% -1,53% -6,38% -2,71%

# Top YTD Fund N°1 10,51% -2,75% 0,86% 0,18% -0,19% 2,13% 0,33% 0,87%

# Top YTD Fund N°2 9,98% 0,85% -0,41% 1,05% -2,73% -0,76% -0,21% 2,97%

# Top YTD Fund N°3 9,53% -1,86% -1,18% -0,88% 1,55% 3,34% 1,86% 0,50%

# Top YTD Fund N°4 9,08% 1,34% 0,00% -1,51% -0,38% 0,41% 1,88% 2,72%

# Top YTD Fund N°5 8,37% 2,22% 2,15% 1,13% -1,38% 1,80% -1,30% -0,82%

# Top YTD Fund N°6 6,57% 1,42% 0,26% -0,19% -0,32% 0,78% -0,13% -1,03%

# Top YTD Fund N°7 5,32% 0,70% 0,89% -4,27% 0,55% 2,20% -0,19% 0,48%

# Top YTD Fund N°8 4,81% 0,80% 1,07% 0,47% -0,85% 1,78% -1,03% -0,70%

# Top YTD Fund N°9 4,80% 0,24% -0,37% 0,16% -0,19% 1,43% 0,80% -0,15%

# Top YTD Fund N°10 4,41% 0,93% -0,06% 0,49% 2,87% 0,51% -3,52% -0,24%

Past Ranking

30/09/14 LuxHedge Long/Short Europe UCITS Index20

14

Past Performance

Up/Down

2014 Top 20 Performers

2014 Performance Distribution

2014 Top 10 Performers Relative to Indices

0

2

4

6

8

10

12

14

16

2

11

16

6

1

-10% to -5% -5% to 0% 0% to 5% 5% to 10% 10% to 15%

responsible for the contents. Past Performances are not necessarily indicative of future results.

This document has been prepared for information purposes for Institutional investors only. It doesn't constitute an offer or solicitation, or as the basis for any contract, for the purchase or sale of any investment, nor do they constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or to whom it is unlawful to make such solicitation or offer. It has been prepared on the basis of information and sources believed to be reliable (Data Source: Bloomberg). All reasonable care has been taken to ensure tha t the facts stated are accurate but LuxHedge S.A. shall not in any way be responsible for the contents. Past Performances are not necessarily indicative of future results.

Sep-14 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

# Top MTD Fund N°1 2,80% 1 6 15 10 23 28 31

# Top MTD Fund N°2 2,45% 2 3 2 6 26 31 33

# Top MTD Fund N°3 1,81% 3 2 19 13 2 24 2

# Top MTD Fund N°4 1,71% 4 12 26 14 11 19 28

# Top MTD Fund N°5 1,59% 5 14 20 18 10 26 24

# Top MTD Fund N°6 1,21% 6 27 10 15 31 33 25

# Top MTD Fund N°7 1,19% 7 16 12 5 25 16 23

# Top MTD Fund N°8 0,92% 8 21 24 11 15 21 26

# Top MTD Fund N°9 0,91% 9 20 28 4 21 29 6

# Top MTD Fund N°10 0,91% 10 13 3 17 24 13 7

# Top MTD Fund N°11 0,73% 11 10 5 26 5 15 11

# Top MTD Fund N°12 0,66% 12 18 14 19 20 10 16

# Top MTD Fund N°13 0,36% 13 31 6 33 1 32 22

# Top MTD Fund N°14 -0,01% 14 11 1 27 3 2 3

# Top MTD Fund N°15 -0,03% 15 7 30 9 27 20 13

# Top MTD Fund N°16 -0,04% 16 25 18 23 17 25 27

# Top MTD Fund N°17 -0,24% 17 5 31 12 18 5 18

# Top MTD Fund N°18 -0,25% 18 9 23 20 8 22 29

# Top MTD Fund N°19 -0,40% 19 32 27 21 13 18 21

# Top MTD Fund N°20 -0,51% 20 1 4 32 14 3 5

Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

UAI Equity Market Neutral 0,28% 0,16% -0,45% -0,26% 0,09% -0,89% -0,23%

LuxHedge Equity Market Neutral UCITS Index -0,22% 0,38% 0,03% -0,08% -0,14% -0,41% 0,09%

Best Performer 2,80% 2,26% 2,65% 3,72% 3,13% 5,28% 4,50%

Worst Performer -4,74% -1,90% -2,16% -1,87% -4,33% -4,75% -2,42%

# Top MTD Fund N°1 2,80% 1,22% 0,14% 0,23% -0,24% -1,23% -1,46%

# Top MTD Fund N°2 2,45% 1,87% 1,47% 1,00% -0,80% -2,38% -2,42%

# Top MTD Fund N°3 1,81% 1,97% -0,24% 0,04% 1,84% -0,85% 1,96%

# Top MTD Fund N°4 1,71% 0,68% -0,58% 0,01% 0,27% -0,54% -1,00%

# Top MTD Fund N°5 1,59% 0,41% -0,24% -0,21% 0,32% -0,93% -0,64%

# Top MTD Fund N°6 1,21% -0,41% 0,52% -0,10% -1,76% -4,75% -0,69%

# Top MTD Fund N°7 1,19% 0,28% 0,45% 1,06% -0,43% -0,17% -0,42%

# Top MTD Fund N°8 0,92% 0,09% -0,49% 0,14% 0,12% -0,75% -0,75%

# Top MTD Fund N°9 0,91% 0,12% -0,78% 1,18% -0,22% -1,31% 1,42%

# Top MTD Fund N°10 0,91% 0,46% 1,37% -0,11% -0,41% 0,17% 1,39%

Past Performance

Monthly Performance Distribution

Monthly Top 10 Performers Relative to Indices

Past Ranking

30/09/14 LuxHedge Equity Market Neutral UCITS IndexM

onthly

Monthly Top 20 Performers

0

5

10

1 1

8

10

8

4

1

-5% to -3,75% -3,75% to -2,50% -2,50% to -1,25% -1,25% to 0% 0% to 1,25% 1,25% to 2,50% 2,50% to 3,75%

This document has been prepared for information purposes for Institutional investors only. It doesn't constitute an offer or solicitation, or as the basis for any contract, for the purchase or sale of any investment, nor do they constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or to whom it is unlawful to make such solicitation or offer. It has been prepared on the basis of information and sources believed to be reliable (Data Source: Bloomberg). All reasonable care has been taken to ensure tha t the facts stated are accurate but LuxHedge S.A. shall not in any way be responsible for the contents. Past Performances are not necessarily indicative of future results.

2014 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

# Top YTD Fund N°1 21,07% 33 8 9 1 32 1 1

# Top YTD Fund N°2 6,84% + 2 10 13 3 17 24 13 7

# Top YTD Fund N°3 6,73% - 1 20 1 4 32 14 3 5

# Top YTD Fund N°4 6,27% - 1 14 11 1 27 3 2 3

# Top YTD Fund N°5 5,79% 11 10 5 26 5 15 11

# Top YTD Fund N°6 5,58% 3 2 19 13 2 24 2

# Top YTD Fund N°7 3,29% + 5 9 20 28 4 21 29 6

# Top YTD Fund N°8 3,09% + 10 2 3 2 6 26 31 33

# Top YTD Fund N°9 2,65% - 1 17 5 31 12 18 5 18

# Top YTD Fund N°10 1,91% 22 23 13 7 22 17 19

# Top YTD Fund N°11 1,81% 4 12 26 14 11 19 28

# Top YTD Fund N°12 1,21% - 5 31 15 8 2 28 12 9

# Top YTD Fund N°13 1,13% + 2 15 7 30 9 27 20 13

# Top YTD Fund N°14 1,04% 1 6 15 10 23 28 31

# Top YTD Fund N°15 1,02% 8 21 24 11 15 21 26

# Top YTD Fund N°16 1,00% - 7 29 24 21 30 4 11 17

# Top YTD Fund N°17 0,95% 5 14 20 18 10 26 24

# Top YTD Fund N°18 0,82% - 2 18 9 23 20 8 22 29

# Top YTD Fund N°19 0,79% 13 31 6 33 1 32 22

# Top YTD Fund N°20 0,77% - 9 28 22 16 22 9 9 20

2014 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

UAI Equity Market Neutral -0,32% 0,28% 0,16% -0,45% -0,26% 0,09% -0,89% -0,23%

LuxHedge Equity Market Neutral UCITS Index 0,80% -0,22% 0,38% 0,03% -0,08% -0,14% -0,41% 0,09%

Best Performer 21,07% 2,80% 2,26% 2,65% 3,72% 3,13% 5,28% 4,50%

Worst Performer -5,69% -4,74% -1,90% -2,16% -1,87% -4,33% -4,75% -2,42%

# Top YTD Fund N°1 21,07% -4,74% 1,13% 0,55% 3,72% -2,89% 5,28% 4,50%

# Top YTD Fund N°2 6,84% 0,91% 0,46% 1,37% -0,11% -0,41% 0,17% 1,39%

# Top YTD Fund N°3 6,73% -0,51% 2,26% 1,34% -1,82% 0,13% 1,78% 1,57%

# Top YTD Fund N°4 6,27% -0,01% 0,94% 2,65% -1,09% 1,46% 2,14% 1,90%

# Top YTD Fund N°5 5,79% 0,73% 0,97% 1,19% -0,95% 0,89% -0,15% 0,69%

# Top YTD Fund N°6 5,58% 1,81% 1,97% -0,24% 0,04% 1,84% -0,85% 1,96%

# Top YTD Fund N°7 3,29% 0,91% 0,12% -0,78% 1,18% -0,22% -1,31% 1,42%

# Top YTD Fund N°8 3,09% 2,45% 1,87% 1,47% 1,00% -0,80% -2,38% -2,42%

# Top YTD Fund N°9 2,65% -0,24% 1,27% -1,30% 0,08% -0,01% 0,98% 0,17%

# Top YTD Fund N°10 1,91% -0,70% -0,07% 0,29% 0,85% -0,22% -0,26% 0,10%

Past Ranking

30/09/14 LuxHedge Equity Market Neutral UCITS Index20

14

2014 Top 20 Performers

2014 Top 10 Performers Relative to Indices

Past Performance

2014 Performance Distribution

Up/Down

0

5

10

15

20

1

10

16

5

1

-10% to -5% -5% to 0% 0% to 5% 5% to 10% 20% to 25%

responsible for the contents. Past Performances are not necessarily indicative of future results.

This document has been prepared for information purposes for Institutional investors only. It doesn't constitute an offer or solicitation, or as the basis for any contract, for the purchase or sale of any investment, nor do they constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or to whom it is unlawful to make such solicitation or offer. It has been prepared on the basis of information and sources believed to be reliable (Data Source: Bloomberg). All reasonable care has been taken to ensure tha t the facts stated are accurate but LuxHedge S.A. shall not in any way be responsible for the contents. Past Performances are not necessarily indicative of future results.

Sep-14 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

# Top MTD Fund N°1 4,88% 1 2 2 95 12 113 4

# Top MTD Fund N°2 4,75% 2 5 1 92 7 110 20

# Top MTD Fund N°3 3,33% 3 3 3 112 3 102 96

# Top MTD Fund N°4 2,20% 4 94 4 13 106 96 3

# Top MTD Fund N°5 1,81% 5 109 108 99 102 45 109

# Top MTD Fund N°6 1,54% 6 113 5 91 110 108 8

# Top MTD Fund N°7 1,26% 7 41 28 105 41 27 1

# Top MTD Fund N°8 1,21% 8 114 8 47 114 79 11

# Top MTD Fund N°9 0,81% 9 101 58 50 75 89 25

# Top MTD Fund N°10 0,77% 10 110 11 85 81 107 17

# Top MTD Fund N°11 0,76% 11 57 37 77 94 82 27

# Top MTD Fund N°12 0,76% 12 91 61 109 109 106 70

# Top MTD Fund N°13 0,62% 13 73 69 101 107 103 83

# Top MTD Fund N°14 0,54% 14 107 24 83 104 101 46

# Top MTD Fund N°15 0,53% 15 58 66 25 67 21 19

# Top MTD Fund N°16 0,50% 16 45 13 36 78 54 43

# Top MTD Fund N°17 0,48% 17 49 43 54 91 91 55

# Top MTD Fund N°18 0,44% 18 60 22 17 65 83 38

# Top MTD Fund N°19 0,40% 19 104 29 81 95 64 87

# Top MTD Fund N°20 0,40% 20 89 25 100 97 55 39

Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

UAI Fixed Income -0,19% 0,07% -0,02% 0,14% 0,39% 0,24% 0,10%

LuxHedge Fixed Income UCITS Index -0,14% 0,14% 0,18% 0,22% 0,53% 0,30% 0,29%

Best Performer 4,88% 2,60% 2,71% 1,74% 3,70% 1,33% 1,69%

Worst Performer -2,78% -2,20% -0,99% -1,05% -1,22% -0,71% -1,23%

# Top MTD Fund N°1 4,88% 1,98% 2,43% -0,15% 1,28% -0,64% 1,26%

# Top MTD Fund N°2 4,75% 1,73% 2,71% -0,12% 1,43% -0,45% 0,68%

# Top MTD Fund N°3 3,33% 1,93% 2,33% -0,71% 2,06% -0,12% 0,00%

# Top MTD Fund N°4 2,20% -0,35% 1,79% 0,63% -0,09% 0,02% 1,37%

# Top MTD Fund N°5 1,81% -0,87% -0,48% -0,22% -0,02% 0,41% -0,27%

# Top MTD Fund N°6 1,54% -1,61% 1,08% -0,11% -0,22% -0,39% 0,91%

# Top MTD Fund N°7 1,26% 0,25% 0,38% -0,35% 0,67% 0,59% 1,69%

# Top MTD Fund N°8 1,21% -2,20% 0,77% 0,28% -1,22% 0,15% 0,74%

# Top MTD Fund N°9 0,81% -0,48% 0,14% 0,27% 0,26% 0,07% 0,61%

# Top MTD Fund N°10 0,77% -0,96% 0,74% -0,01% 0,22% -0,28% 0,70%

Past Ranking

Past Performance

30/09/14 LuxHedge Fixed Income Arbitrage UCITS IndexM

onthly

Monthly Top 20 Performers

Monthly Top 10 Performers Relative to Indices

Monthly Performance Distribution

0

10

20

30

40

50

60

1

10

53

43

4

1 2

-3,75% to -2,50% -2,50% to -1,25% -1,25% to 0% 0% to 1,25% 1,25% to 2,50% 2,50% to 3,75% 3,75% to 5%

This document has been prepared for information purposes for Institutional investors only. It doesn't constitute an offer or solicitation, or as the basis for any contract, for the purchase or sale of any investment, nor do they constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or to whom it is unlawful to make such solicitation or offer. It has been prepared on the basis of information and sources believed to be reliable (Data Source: Bloomberg). All reasonable care has been taken to ensure that t he facts stated are accurate but LuxHedge S.A. shall not in any way be responsible for the contents. Past Performances are not necessarily indicative of future results.

2014 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

# Top YTD Fund N°1 11,36% + 5 1 2 2 95 12 113 4

# Top YTD Fund N°2 10,88% + 6 2 5 1 92 7 110 20

# Top YTD Fund N°3 8,36% - 2 83 9 18 4 9 20 28

# Top YTD Fund N°4 8,16% + 14 3 3 3 112 3 102 96

# Top YTD Fund N°5 7,91% - 1 22 11 14 2 48 13 6

# Top YTD Fund N°6 7,64% - 3 55 1 6 104 20 14 79

# Top YTD Fund N°7 7,63% - 5 67 6 19 12 34 8 9

# Top YTD Fund N°8 6,98% - 3 42 39 49 41 21 7 12

# Top YTD Fund N°9 6,17% 4 94 4 13 106 96 3

# Top YTD Fund N°10 5,98% - 1 29 25 16 87 46 36 7

# Top YTD Fund N°11 5,48% + 1 34 35 7 10 13 1 10

# Top YTD Fund N°12 5,44% 7 41 28 105 41 27 1

# Top YTD Fund N°13 5,34% + 1 26 33 41 30 35 19 32

# Top YTD Fund N°14 5,25% - 7 89 12 83 32 6 26 45

# Top YTD Fund N°15 5,21% + 1 28 34 20 35 19 59 22

# Top YTD Fund N°16 4,93% - 6 82 74 88 3 22 6 31

# Top YTD Fund N°17 4,83% 53 51 104 26 39 2 65

# Top YTD Fund N°18 4,58% 15 58 66 25 67 21 19

# Top YTD Fund N°19 4,44% 57 27 73 45 17 46 62

# Top YTD Fund N°20 4,36% 40 22 36 8 82 75 24

2014 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

UAI Fixed Income 1,44% -0,19% 0,07% -0,02% 0,14% 0,39% 0,24% 0,10%

LuxHedge Fixed Income UCITS Index 2,18% -0,14% 0,14% 0,18% 0,22% 0,53% 0,30% 0,29%

Best Performer 11,36% 4,88% 2,60% 2,71% 1,74% 3,70% 1,33% 1,69%

Worst Performer -4,66% -2,78% -2,20% -0,99% -1,05% -1,22% -0,71% -1,23%

# Top YTD Fund N°1 11,36% 4,88% 1,98% 2,43% -0,15% 1,28% -0,64% 1,26%

# Top YTD Fund N°2 10,88% 4,75% 1,73% 2,71% -0,12% 1,43% -0,45% 0,68%

# Top YTD Fund N°3 8,36% -0,59% 1,20% 0,51% 1,07% 1,35% 0,66% 0,52%

# Top YTD Fund N°4 8,16% 3,33% 1,93% 2,33% -0,71% 2,06% -0,12% 0,00%

# Top YTD Fund N°5 7,91% 0,35% 1,06% 0,64% 1,15% 0,58% 0,80% 1,03%

# Top YTD Fund N°6 7,64% -0,06% 2,60% 1,05% -0,33% 0,99% 0,80% 0,13%

# Top YTD Fund N°7 7,63% -0,24% 1,61% 0,50% 0,65% 0,74% 0,89% 0,89%

# Top YTD Fund N°8 6,98% 0,09% 0,28% 0,19% 0,32% 0,95% 0,94% 0,74%

# Top YTD Fund N°9 6,17% 2,20% -0,35% 1,79% 0,63% -0,09% 0,02% 1,37%

# Top YTD Fund N°10 5,98% 0,27% 0,51% 0,53% -0,05% 0,59% 0,50% 1,01%

Up/Down

Past Ranking

30/09/14 LuxHedge Fixed Income Arbitrage UCITS Index20

14

2014 Top 20 Performers

2014 Performance Distribution

2014 Top 10 Performers Relative to Indices

Past Performance

0

10

20

30

40

50

60

70

80

90

15

84

13

2

-5% to 0% 0% to 5% 5% to 10% 10% to 15%

This document has been prepared for information purposes for Institutional investors only. It doesn't constitute an offer or solicitation, or as the basis for any contract, for the purchase or sale of any investment, nor do they constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or to whom it is unlawful to make such solicitation or offer. It has been prepared on the basis of information and sources believed to be reliable (Data Source: Bloomberg). All reasonable care has been taken to ensure that t he facts stated are accurate but LuxHedge S.A. shall not in any way be responsible for the contents. Past Performances are not necessarily indicative of future results.

for the contents. Past Performances are not necessarily indicative of future results.

Sep-14 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

# Top MTD Fund N°1 7,17% 1 5 29 5 9 4 29

# Top MTD Fund N°2 2,24% 2 29 5 19 29 27 5

# Top MTD Fund N°3 1,52% 3 20 25 28 24 29 22

# Top MTD Fund N°4 1,34% 4 15 3 27 28 19 1

# Top MTD Fund N°5 0,80% 5 1 24 1 2 7 6

# Top MTD Fund N°6 0,61% 6 2 28 24 10 8 28

# Top MTD Fund N°7 0,38% 7 10 20 6 12 15 11

# Top MTD Fund N°8 0,38% 8 4 10 7 3 11 19

# Top MTD Fund N°9 0,35% 9 26 7 17 27 25 8

# Top MTD Fund N°10 0,17% 10 17 16 12 20 21 7

# Top MTD Fund N°11 -0,20% 11 21 13 15 26 16 2

# Top MTD Fund N°12 -0,21% 12 27 4 23 21 17 10

# Top MTD Fund N°13 -0,41% 13 24 14 26 25 20 14

# Top MTD Fund N°14 -0,45% 14 3 18 4 1 2 18

# Top MTD Fund N°15 -0,70% 15 11 26 22 18 10 15

# Top MTD Fund N°16 -0,79% 16 9 17 3 6 9 25

# Top MTD Fund N°17 -0,84% 17 22 11 16 22 24 9

# Top MTD Fund N°18 -0,88% 18 18 9 18 14 6 21

# Top MTD Fund N°19 -0,96% 19 28 15 25 23 26 3

# Top MTD Fund N°20 -1,27% 20 12 6 8 7 23 24

Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

UAI CTA 0,52% 2,56% -0,31% 0,97% 2,34% 0,58% -1,10%

LuxHedge CTA / Managed Futures UCITS Index -0,77% 2,61% -0,28% 1,02% 2,83% 0,61% -0,69%

Best Performer 7,17% 7,21% 3,50% 4,36% 8,17% 2,98% 1,50%

Worst Performer -5,23% -1,04% -4,07% -2,94% -0,71% -1,10% -3,29%

# Top MTD Fund N°1 7,17% 4,53% -4,07% 2,51% 3,76% 2,11% -3,29%

# Top MTD Fund N°2 2,24% -1,04% 1,08% 0,49% -0,71% -0,60% 0,25%

# Top MTD Fund N°3 1,52% 1,47% -2,16% -1,19% 0,80% -1,10% -1,39%

# Top MTD Fund N°4 1,34% 2,62% 2,57% -0,95% -0,39% 0,76% 1,50%

# Top MTD Fund N°5 0,80% 7,21% -2,04% 4,36% 6,79% 1,87% 0,04%

# Top MTD Fund N°6 0,61% 6,18% -3,09% 0,02% 3,60% 1,85% -2,01%

# Top MTD Fund N°7 0,38% 3,95% -1,05% 2,20% 3,39% 0,96% -0,05%

# Top MTD Fund N°8 0,38% 4,63% 0,42% 2,09% 6,50% 1,44% -0,91%

# Top MTD Fund N°9 0,35% 0,15% 0,71% 0,64% 0,05% -0,05% 0,00%

# Top MTD Fund N°10 0,17% 2,07% -0,36% 1,08% 1,71% 0,46% 0,00%

Monthly Top 20 Performers

Past Performance

30/09/14 LuxHedge CTA / Managed Futures UCITS IndexM

onthly

Monthly Top 10 Performers Relative to Indices

Monthly Performance Distribution

Past Ranking

0

1

2

3

4

5

6

7

8

9

1

2

3

4

9

6

3

1

-6,25% to -5% -5% to -3,75% -3,75% to -2,50% -2,50% to -1,25% -1,25% to 0% 0% to 1,25% 1,25% to 2,50% 6,25% to 7,50%

This document has been prepared for information purposes for Institutional investors only. It doesn't constitute an offer or solicitation, or as the basis for any contract, for the purchase or sale of any investment, nor do they constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or to whom it is unlawful to make such solicitation or offer. It has been prepared on the basis of information and sources believed to be reliable (Data Source: Bloomberg). All reasonable care has been taken to ensure tha t the facts stated are accurate but LuxHedge S.A. shall not in any way be responsible for the contents. Past Performances are not necessarily indicative of future results.

2014 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

# Top YTD Fund N°1 19,45% + 2 5 1 24 1 2 7 6

# Top YTD Fund N°2 17,98% 14 3 18 4 1 2 18

# Top YTD Fund N°3 16,41% - 2 27 6 1 2 4 22 26

# Top YTD Fund N°4 15,01% + 1 8 4 10 7 3 11 19

# Top YTD Fund N°5 11,67% - 1 29 7 27 11 5 1 20

# Top YTD Fund N°6 10,60% + 4 4 15 3 27 28 19 1

# Top YTD Fund N°7 10,26% + 1 16 9 17 3 6 9 25

# Top YTD Fund N°8 9,73% + 1 7 10 20 6 12 15 11

# Top YTD Fund N°9 9,10% - 3 24 13 23 14 11 3 17

# Top YTD Fund N°10 8,29% - 3 26 14 22 13 13 5 12

# Top YTD Fund N°11 6,85% + 4 6 2 28 24 10 8 28

# Top YTD Fund N°12 5,80% 22 23 8 9 15 12 13

# Top YTD Fund N°13 5,79% 1 5 29 5 9 4 29

# Top YTD Fund N°14 5,62% - 1 20 12 6 8 7 23 24

# Top YTD Fund N°15 5,19% + 1 18 18 9 18 14 6 21

# Top YTD Fund N°16 5,06% + 2 12 27 4 23 21 17 10

# Top YTD Fund N°17 5,03% + 3 10 17 16 12 20 21 7

# Top YTD Fund N°18 4,61% - 4 23 19 21 21 17 13 16

# Top YTD Fund N°19 4,60% - 8 25 8 12 20 8 18 27

# Top YTD Fund N°20 4,10% - 3 21 16 19 10 16 14 4

2014 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

UAI CTA 4,52% 0,52% 2,56% -0,31% 0,97% 2,34% 0,58% -1,10%

LuxHedge CTA / Managed Futures UCITS Index 5,16% -0,77% 2,61% -0,28% 1,02% 2,83% 0,61% -0,69%

Best Performer 19,45% 7,17% 7,21% 3,50% 4,36% 8,17% 2,98% 1,50%

Worst Performer -8,19% -5,23% -1,04% -4,07% -2,94% -0,71% -1,10% -3,29%

# Top YTD Fund N°1 19,45% 0,80% 7,21% -2,04% 4,36% 6,79% 1,87% 0,04%

# Top YTD Fund N°2 17,98% -0,45% 6,15% -1,01% 2,79% 8,17% 2,38% -0,90%

# Top YTD Fund N°3 16,41% -4,07% 4,32% 3,50% 3,44% 5,82% 0,21% -1,80%

# Top YTD Fund N°4 15,01% 0,38% 4,63% 0,42% 2,09% 6,50% 1,44% -0,91%

# Top YTD Fund N°5 11,67% -5,23% 4,26% -2,78% 1,17% 4,75% 2,98% -0,95%

# Top YTD Fund N°6 10,60% 1,34% 2,62% 2,57% -0,95% -0,39% 0,76% 1,50%

# Top YTD Fund N°7 10,26% -0,79% 3,96% -0,42% 3,15% 4,49% 1,84% -1,68%

# Top YTD Fund N°8 9,73% 0,38% 3,95% -1,05% 2,20% 3,39% 0,96% -0,05%

# Top YTD Fund N°9 9,10% -3,47% 3,10% -1,87% 0,84% 3,47% 2,19% -0,63%

# Top YTD Fund N°10 8,29% -3,73% 2,76% -1,72% 0,91% 2,89% 2,08% -0,11%

Up/Down

Past Ranking

30/09/14 LuxHedge CTA / Managed Futures UCITS Index20

14

2014 Top 20 Performers

2014 Performance Distribution

2014 Top 10 Performers Relative to Indices

Past Performance

0

1

2

3

4

5

6

7

8

9

10

1 1

10 10

3

4

-10% to -5% -5% to 0% 0% to 5% 5% to 10% 10% to 15% 15% to 20%

responsible for the contents. Past Performances are not necessarily indicative of future results.

This document has been prepared for information purposes for Institutional investors only. It doesn't constitute an offer or solicitation, or as the basis for any contract, for the purchase or sale of any investment, nor do they constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or to whom it is unlawful to make such solicitation or offer. It has been prepared on the basis of information and sources believed to be reliable (Data Source: Bloomberg). All reasonable care has been taken to ensure tha t the facts stated are accurate but LuxHedge S.A. shall not in any way be responsible for the contents. Past Performances are not necessarily indicative of future results.

Sep-14 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

# Top MTD Fund N°1 6,10% 1 43 33 43 42 31 30

# Top MTD Fund N°2 5,14% 2 37 1 10 25 34 1

# Top MTD Fund N°3 1,47% 3 41 22 42 28 24 39

# Top MTD Fund N°4 1,35% 4 42 12 23 41 38 21

# Top MTD Fund N°5 0,82% 5 17 6 36 14 10 2

# Top MTD Fund N°6 0,50% 6 40 44 11 43 40 38

# Top MTD Fund N°7 0,46% 7 18 35 5 1 4 28

# Top MTD Fund N°8 0,42% 8 8 9 6 10 6 5

# Top MTD Fund N°9 0,40% 9 30 15 26 34 26 18

# Top MTD Fund N°10 0,37% 10 30 15 26 34 26 18

# Top MTD Fund N°11 0,30% 11 15 4 8 9 9 35

# Top MTD Fund N°12 0,29% 12 7 24 19 8 16 19

# Top MTD Fund N°13 0,27% 13 31 28 13 31 19 8

# Top MTD Fund N°14 0,26% 14 29 27 18 32 25 16

# Top MTD Fund N°15 0,22% 15 39 14 37 27 32 42

# Top MTD Fund N°16 0,21% 16 34 26 35 37 27 14

# Top MTD Fund N°17 0,20% 17 9 23 31 15 30 27

# Top MTD Fund N°18 0,16% 18 35 40 32 30 33 17

# Top MTD Fund N°19 0,08% 19 32 32 17 18 5 24

# Top MTD Fund N°20 0,05% 20 19 21 27 16 17 15

Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

UAI Macro 0,09% 0,44% -0,32% 0,23% 0,90% -0,18% -0,22%

LuxHedge Global Macro UCITS Index 0,07% 0,53% 0,27% 0,22% 0,34% -0,13% -0,07%

Best Performer 6,10% 7,24% 3,71% 2,20% 2,06% 1,65% 2,15%

Worst Performer -3,25% -1,16% -2,04% -1,59% -2,23% -3,15% -1,98%

# Top MTD Fund N°1 6,10% -1,02% -0,28% -1,53% -1,13% -0,16% -0,22%

# Top MTD Fund N°2 5,14% -0,40% 3,71% 0,71% 0,28% -0,54% 2,15%

# Top MTD Fund N°3 1,47% -0,66% 0,17% -1,47% 0,20% 0,06% -0,77%

# Top MTD Fund N°4 1,35% -0,75% 0,49% 0,22% -0,86% -1,08% 0,12%

# Top MTD Fund N°5 0,82% 0,58% 0,92% -0,23% 0,82% 0,49% 1,47%

# Top MTD Fund N°6 0,50% -0,57% -2,04% 0,60% -2,17% -1,48% -0,56%

# Top MTD Fund N°7 0,46% 0,55% -0,42% 0,99% 2,06% 1,26% -0,14%

# Top MTD Fund N°8 0,42% 1,20% 0,69% 0,96% 0,97% 0,62% 0,53%

# Top MTD Fund N°9 0,40% -0,03% 0,37% 0,19% -0,10% -0,04% 0,14%

# Top MTD Fund N°10 0,40% -0,03% 0,37% 0,19% -0,10% -0,04% 0,14%

Past Ranking

Past Performance

30/09/14 LuxHedge Global Macro UCITS IndexM

onthly

Monthly Top 20 Performers

Monthly Top 10 Performers Relative to Indices

Monthly Performance Distribution

0

5

10

15

20

1

3

16

20

2 2

-3,75% to -2,50% -2,50% to -1,25% -1,25% to 0% 0% to 1,25% 1,25% to 2,50% 5% to 6,25%

This document has been prepared for information purposes for Institutional investors only. It doesn't constitute an offer or solicitation, or as the basis for any contract, for the purchase or sale of any investment, nor do they constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or to whom it is unlawful to make such solicitation or offer. It has been prepared on the basis of information and sources believed to be reliable (Data Source: Bloomberg). All reasonable care has been taken to ensure tha t the facts stated are accurate but LuxHedge S.A. shall not in any way be responsible for the contents. Past Performances are not necessarily indicative of future results.

2014 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

# Top YTD Fund N°1 11,69% + 3 2 37 1 10 25 34 1

# Top YTD Fund N°2 7,92% - 1 7 18 35 5 1 4 28

# Top YTD Fund N°3 7,83% - 1 8 8 9 6 10 6 5

# Top YTD Fund N°4 6,25% - 1 31 11 29 20 4 22 29

# Top YTD Fund N°5 6,05% 21 10 7 7 5 23 23

# Top YTD Fund N°6 5,67% + 1 5 17 6 36 14 10 2

# Top YTD Fund N°7 4,94% + 1 12 7 24 19 8 16 19

# Top YTD Fund N°8 4,74% - 2 34 5 8 33 6 14 25

# Top YTD Fund N°9 4,28% 1 43 33 43 42 31 30

# Top YTD Fund N°10 3,36% + 2 27 23 25 15 24 7 9

# Top YTD Fund N°11 3,33% + 2 20 19 21 27 16 17 15

# Top YTD Fund N°12 3,25% + 3 19 32 32 17 18 5 24

# Top YTD Fund N°13 3,09% + 5 11 15 4 8 9 9 35

# Top YTD Fund N°14 3,05% + 3 22 28 37 16 20 8 6

# Top YTD Fund N°15 2,92% - 5 40 4 2 4 3 42 43

# Top YTD Fund N°16 2,63% + 3 17 9 23 31 15 30 27

# Top YTD Fund N°17 2,51% - 1 37 2 10 3 12 39 44

# Top YTD Fund N°18 2,03% + 2 32 27 19 21 13 15 31

# Top YTD Fund N°19 2,00% - 10 43 3 17 1 7 37 36

# Top YTD Fund N°20 1,92% 26 26 30 40 38 2 37

2014 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

UAI Macro 1,15% 0,09% 0,44% -0,32% 0,23% 0,90% -0,18% -0,22%

LuxHedge Global Macro UCITS Index 1,40% 0,07% 0,53% 0,27% 0,22% 0,34% -0,13% -0,07%

Best Performer 11,69% 6,10% 7,24% 3,71% 2,20% 2,06% 1,65% 2,15%

Worst Performer -6,46% -3,25% -1,16% -2,04% -1,59% -2,23% -3,15% -1,98%

# Top YTD Fund N°1 11,69% 5,14% -0,40% 3,71% 0,71% 0,28% -0,54% 2,15%

# Top YTD Fund N°2 7,92% 0,46% 0,55% -0,42% 0,99% 2,06% 1,26% -0,14%

# Top YTD Fund N°3 7,83% 0,42% 1,20% 0,69% 0,96% 0,97% 0,62% 0,53%

# Top YTD Fund N°4 6,25% -0,34% 0,89% -0,01% 0,29% 1,64% 0,08% -0,18%

# Top YTD Fund N°5 6,05% 0,05% 0,99% 0,87% 0,90% 1,47% 0,07% 0,10%

# Top YTD Fund N°6 5,67% 0,82% 0,58% 0,92% -0,23% 0,82% 0,49% 1,47%

# Top YTD Fund N°7 4,94% 0,29% 1,53% 0,16% 0,37% 1,12% 0,22% 0,13%

# Top YTD Fund N°8 4,74% -0,45% 1,75% 0,84% -0,03% 1,41% 0,25% 0,02%

# Top YTD Fund N°9 4,28% 6,10% -1,02% -0,28% -1,53% -1,13% -0,16% -0,22%

# Top YTD Fund N°10 3,36% -0,07% 0,25% 0,15% 0,48% 0,35% 0,55% 0,44%

Past Ranking

30/09/14 LuxHedge Global Macro UCITS Index20

14

Past Performance

Up/Down

2014 Top 20 Performers

2014 Performance Distribution

2014 Top 10 Performers Relative to Indices

0

5

10

15

20

25

30

2

9

27

5

1

-10% to -5% -5% to 0% 0% to 5% 5% to 10% 10% to 15%

responsible for the contents. Past Performances are not necessarily indicative of future results.

This document has been prepared for information purposes for Institutional investors only. It doesn't constitute an offer or solicitation, or as the basis for any contract, for the purchase or sale of any investment, nor do they constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or to whom it is unlawful to make such solicitation or offer. It has been prepared on the basis of information and sources believed to be reliable (Data Source: Bloomberg). All reasonable care has been taken to ensure tha t the facts stated are accurate but LuxHedge S.A. shall not in any way be responsible for the contents. Past Performances are not necessarily indicative of future results.

Sep-14 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

# Top MTD Fund N°1 4,09% 1 7 41 4 48 45 48

# Top MTD Fund N°2 2,74% 2 1 3 27 4 44 30

# Top MTD Fund N°3 1,80% 3 50 33 49 43 48 7

# Top MTD Fund N°4 1,26% 4 43 1 29 15 31 6

# Top MTD Fund N°5 0,96% 5 36 2 35 22 37 42

# Top MTD Fund N°6 0,90% 6 49 30 45 46 46 8

# Top MTD Fund N°7 0,60% 7 29 35 46 47 23 4

# Top MTD Fund N°8 0,49% 8 38 11 30 35 25 34

# Top MTD Fund N°9 0,43% 9 28 24 34 40 30 9

# Top MTD Fund N°10 0,43% 10 13 6 44 13 21 5

# Top MTD Fund N°11 0,38% 11 42 32 38 38 27 38

# Top MTD Fund N°12 0,19% 12 24 29 31 31 33 21

# Top MTD Fund N°13 0,18% 13 44 25 40 45 40 27

# Top MTD Fund N°14 0,16% 14 40 4 21 23 50 3

# Top MTD Fund N°15 0,14% 15 14 38 10 12 16 45

# Top MTD Fund N°16 0,09% 16 31 16 33 36 19 28

# Top MTD Fund N°17 0,07% 17 18 23 28 37 22 29

# Top MTD Fund N°18 0,02% 18 41 9 24 19 39 44

# Top MTD Fund N°19 0,00% 19 46 37 48 29 47 47

# Top MTD Fund N°20 -0,01% 20 34 20 32 41 28 17

Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

UAI Multi-Strategy 0,08% 0,39% -0,10% 0,57% 1,02% -0,17% 0,41%

LuxHedge Multi-Strategy UCITS Index -0,30% 0,58% -0,03% 0,47% 1,02% 0,03% 0,31%

Best Performer 4,09% 2,84% 2,67% 2,87% 5,49% 2,16% 6,22%

Worst Performer -3,26% -1,60% -1,92% -1,91% -2,52% -2,05% -2,44%

# Top MTD Fund N°1 4,09% 1,83% -0,79% 1,66% -0,29% -0,83% -1,53%

# Top MTD Fund N°2 2,74% 2,84% 1,69% 0,45% 2,52% -0,81% 0,02%

# Top MTD Fund N°3 1,80% -1,60% -0,23% -1,38% 0,07% -1,63% 0,97%

# Top MTD Fund N°4 1,26% -0,17% 2,67% 0,35% 1,58% 0,09% 1,33%

# Top MTD Fund N°5 0,96% 0,06% 1,69% 0,04% 1,03% -0,20% -0,50%

# Top MTD Fund N°6 0,90% -0,88% -0,15% -0,67% -0,04% -1,12% 0,76%

# Top MTD Fund N°7 0,60% 0,21% -0,33% -0,67% -0,23% 0,23% 1,57%

# Top MTD Fund N°8 0,49% -0,01% 0,52% 0,32% 0,43% 0,20% -0,01%

# Top MTD Fund N°9 0,43% 0,25% -0,04% 0,05% 0,19% 0,10% 0,71%

# Top MTD Fund N°10 0,43% 1,09% 1,17% -0,47% 1,61% 0,24% 1,40%

Past Ranking

Past Performance

30/09/14 LuxHedge Multi-Strategy UCITS IndexM

onthly

Monthly Top 20 Performers

Monthly Top 10 Performers Relative to Indices

Monthly Performance Distribution

0

5

10

15

20

25

3

4

25

14

2

1 1

-3,75% to -2,5% -2,50% to -1,25% -1,25% to 0% 0% to 1,25% 1,25% to 2,50% 2,50% to 3,75% 3,75% to 5%

This document has been prepared for information purposes for Institutional investors only. It does not constitute an offer or solicitation, or as the basis for any contract, for the purchase or sale of any investment, nor do they constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or to whom it is unlawful to make such solicitation or offer. It has been prepared on the basis of information and sources believed to be reliable (Data Source: Bloomberg). All reasonable care has been taken to ensure tha t the facts stated are accurate but LuxHedge S.A. shall not in any way be responsible for the contents. Past Performances are not necessarily indicative of future results.

2014 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

# Top YTD Fund N°1 9,27% + 7 2 1 3 27 4 44 30

# Top YTD Fund N°2 8,58% - 1 39 26 17 1 1 1 1

# Top YTD Fund N°3 7,76% - 1 36 9 13 16 6 4 12

# Top YTD Fund N°4 7,34% + 1 29 27 18 2 2 2 2

# Top YTD Fund N°5 6,50% + 5 10 13 6 44 13 21 5

# Top YTD Fund N°6 6,44% + 9 4 43 1 29 15 31 6

# Top YTD Fund N°7 6,41% 21 22 8 14 11 8 39

# Top YTD Fund N°8 6,16% - 2 40 21 7 41 33 32 10

# Top YTD Fund N°9 5,97% 1 7 41 4 48 45 48

# Top YTD Fund N°10 5,29% + 3 25 19 14 12 20 9 46

# Top YTD Fund N°11 4,82% 41 15 10 9 7 5 41

# Top YTD Fund N°12 4,78% 37 12 46 25 10 7 15

# Top YTD Fund N°13 4,64% + 3 27 37 12 17 24 13 13

# Top YTD Fund N°14 4,43% - 5 46 2 48 11 8 6 31

# Top YTD Fund N°15 4,35% - 11 49 3 31 5 5 3 37

# Top YTD Fund N°16 4,32% - 13 50 10 22 7 3 12 43

# Top YTD Fund N°17 3,81% 5 36 2 35 22 37 42

# Top YTD Fund N°18 3,77% - 4 44 47 36 13 14 11 19

# Top YTD Fund N°19 3,73% - 2 34 30 15 39 34 17 14

# Top YTD Fund N°20 3,52% 18 41 9 24 19 39 44

2014 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

UAI Multi-Strategy 2,00% 0,08% 0,39% -0,10% 0,57% 1,02% -0,17% 0,41%

LuxHedge Multi-Strategy UCITS Index 2,52% -0,30% 0,58% -0,03% 0,47% 1,02% 0,03% 0,31%

Best Performer 9,27% 4,09% 2,84% 2,67% 2,87% 5,49% 2,16% 6,22%

Worst Performer -6,13% -3,26% -1,60% -1,92% -1,91% -2,52% -2,05% -2,44%

# Top YTD Fund N°1 9,27% 2,74% 2,84% 1,69% 0,45% 2,52% -0,81% 0,02%

# Top YTD Fund N°2 8,58% -0,95% 0,30% 0,14% 2,87% 5,49% 2,16% 6,22%

# Top YTD Fund N°3 7,76% -0,82% 1,41% 0,36% 0,71% 2,30% 1,17% 0,68%

# Top YTD Fund N°4 7,34% -0,39% 0,29% 0,10% 1,99% 4,37% 1,69% 4,53%

# Top YTD Fund N°5 6,50% 0,43% 1,09% 1,17% -0,47% 1,61% 0,24% 1,40%

# Top YTD Fund N°6 6,44% 1,26% -0,17% 2,67% 0,35% 1,58% 0,09% 1,33%

# Top YTD Fund N°7 6,41% -0,05% 0,64% 0,72% 0,78% 1,72% 0,86% -0,35%

# Top YTD Fund N°8 6,16% -1,02% 0,65% 0,83% -0,22% 0,60% 0,00% 0,71%

# Top YTD Fund N°9 5,97% 4,09% 1,83% -0,79% 1,66% -0,29% -0,83% -1,53%

# Top YTD Fund N°10 5,29% -0,29% 0,78% 0,32% 0,90% 1,07% 0,76% -1,22%

Up/Down

Past Ranking

30/09/14 LuxHedge Multi-Strategy UCITS Index20

14

2014 Top 20 Performers

2014 Performance Distribution

2014 Top 10 Performers Relative to Indices

Past Performance

0

5

10

15

20

25

30

1

9

30

10

-10% to -5% -5% to 0% 0% to 5% 5% to 10%

responsible for the contents. Past Performances are not necessarily indicative of future results.

This document has been prepared for information purposes for Institutional investors only. It does not constitute an offer or solicitation, or as the basis for any contract, for the purchase or sale of any investment, nor do they constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or to whom it is unlawful to make such solicitation or offer. It has been prepared on the basis of information and sources believed to be reliable (Data Source: Bloomberg). All reasonable care has been taken to ensure tha t the facts stated are accurate but LuxHedge S.A. shall not in any way be responsible for the contents. Past Performances are not necessarily indicative of future results.

Sep-14 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

# Top MTD Fund N°1 2,18% 1 33 33 1 33 1 9

# Top MTD Fund N°2 1,08% 2 23 20 5 24 10 20

# Top MTD Fund N°3 0,61% 3 2 5 22 25 27 26

# Top MTD Fund N°4 0,47% 4 10 19 32 28 7 1

# Top MTD Fund N°5 0,33% 5 14 6 24 7 26 18

# Top MTD Fund N°6 0,33% 6 31 15 17 18 28 27

# Top MTD Fund N°7 0,28% 7 22 24 30 21 29 30

# Top MTD Fund N°8 0,25% 8 5 26 3 11 14 14

# Top MTD Fund N°9 0,18% 9 30 12 6 32 23 16

# Top MTD Fund N°10 0,16% 10 13 17 7 12 15 29

# Top MTD Fund N°11 0,13% 11 24 18 8 31 30 7

# Top MTD Fund N°12 0,12% 12 11 4 21 5 33 31

# Top MTD Fund N°13 0,08% 13 18 27 14 23 12 13

# Top MTD Fund N°14 0,02% 14 12 25 31 26 31 33

# Top MTD Fund N°15 0,02% 15 9 29 15 15 22 25

# Top MTD Fund N°16 0,01% 16 20 3 16 8 2 5

# Top MTD Fund N°17 -0,05% 17 25 23 28 29 17 22

# Top MTD Fund N°18 -0,08% 18 15 8 9 16 13 28

# Top MTD Fund N°19 -0,11% 19 4 7 27 2 18 11

# Top MTD Fund N°20 -0,12% 20 28 22 29 22 25 19

Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

UAI Fund of Funds -0,05% 0,09% -0,19% 0,26% 0,45% -0,45% -0,65%

LuxHedge FoF UCITS Index -0,04% 0,28% -0,13% 0,42% 0,49% -0,80% -0,89%

Best Performer 2,18% 1,55% 1,88% 2,56% 2,44% 2,65% 0,31%

Worst Performer -1,88% -0,78% -1,07% -0,65% -1,00% -2,68% -1,86%

# Top MTD Fund N°1 2,18% -0,78% -1,07% 2,56% -1,00% 2,65% -0,51%

# Top MTD Fund N°2 1,08% 0,07% -0,39% 0,81% 0,11% -0,34% -0,93%

# Top MTD Fund N°3 0,61% 1,38% 0,29% 0,26% 0,11% -1,67% -1,12%

# Top MTD Fund N°4 0,47% 0,54% -0,35% -0,59% -0,05% -0,15% 0,31%

# Top MTD Fund N°5 0,33% 0,35% 0,23% 0,19% 0,82% -1,48% -0,92%

# Top MTD Fund N°6 0,33% -0,33% -0,21% 0,37% 0,57% -1,80% -1,14%

# Top MTD Fund N°7 0,28% 0,14% -0,49% -0,16% 0,37% -1,82% -1,39%

# Top MTD Fund N°8 0,25% 0,67% -0,67% 0,97% 0,73% -0,72% -0,81%

# Top MTD Fund N°9 0,18% -0,17% -0,06% 0,80% -0,25% -1,01% -0,90%

# Top MTD Fund N°10 0,16% 0,41% -0,27% 0,73% 0,72% -0,77% -1,37%

Monthly Top 10 Performers Relative to Indices

Past Performance

Monthly Performance Distribution

30/09/14 LuxHedge FoF UCITS IndexM

onthly

Monthly Top 20 Performers

Past Ranking

0

2

4

6

8

10

12

14

16

1

16 15

1

-2,50% to -1,25% -1,25% to 0% 0% to 1,25% 1,25% to 2,50%

This document has been prepared for information purposes for Institutional investors only. It doesn't constitute an offer or solicitation, or as the basis for any contract, for the purchase or sale of any investment, nor do they constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or to whom it is unlawful to make such solicitation or offer. It has been prepared on the basis of information and sources believed to be reliable (Data Source: Bloomberg). All reasonable care has been taken to ensure tha t the facts stated are accurate but LuxHedge S.A. shall not in any way be responsible for the contents. Past Performances are not necessarily indicative of future results.

2014 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

# Top YTD Fund N°1 5,24% + 3 1 33 33 1 33 1 9

# Top YTD Fund N°2 3,32% 16 20 3 16 8 2 5

# Top YTD Fund N°3 3,28% + 3 4 10 19 32 28 7 1

# Top YTD Fund N°4 3,01% - 1 24 16 9 18 13 4 4

# Top YTD Fund N°5 1,87% 32 1 32 12 14 3 2

# Top YTD Fund N°6 1,80% + 2 19 4 7 27 2 18 11

# Top YTD Fund N°7 1,72% 22 17 10 33 10 6 3

# Top YTD Fund N°8 1,58% - 7 33 21 1 20 1 5 8

# Top YTD Fund N°9 1,33% + 8 2 23 20 5 24 10 20

# Top YTD Fund N°10 1,16% 10 13 17 7 12 15 29

# Top YTD Fund N°11 1,08% + 1 8 5 26 3 11 14 14

# Top YTD Fund N°12 0,96% + 2 5 14 6 24 7 26 18

# Top YTD Fund N°13 0,80% - 4 25 7 28 19 20 11 12

# Top YTD Fund N°14 0,78% - 3 18 15 8 9 16 13 28

# Top YTD Fund N°15 0,47% - 2 23 26 11 26 17 20 6

# Top YTD Fund N°16 0,37% 15 9 29 15 15 22 25

# Top YTD Fund N°17 0,03% 3 2 5 22 25 27 26

# Top YTD Fund N°18 -0,10% - 3 31 6 31 11 6 16 24

# Top YTD Fund N°19 -0,16% + 1 13 18 27 14 23 12 13

# Top YTD Fund N°20 -0,25% 12 11 4 21 5 33 31

2014 Sep-14 Aug-14 Jul-14 Jun-14 May-14 Apr-14 Mar-14

UAI Fund of Funds 0,33% -0,05% 0,09% -0,19% 0,26% 0,45% -0,45% -0,65%

LuxHedge FoF UCITS Index 0,26% -0,04% 0,28% -0,13% 0,42% 0,49% -0,80% -0,89%

Best Performer 5,24% 2,18% 1,55% 1,88% 2,56% 2,44% 2,65% 0,31%

Worst Performer -3,49% -1,88% -0,78% -1,07% -0,65% -1,00% -2,68% -1,86%

# Top YTD Fund N°1 5,24% 2,18% -0,78% -1,07% 2,56% -1,00% 2,65% -0,51%

# Top YTD Fund N°2 3,32% 0,01% 0,21% 0,46% 0,41% 0,81% 0,40% -0,11%

# Top YTD Fund N°3 3,28% 0,47% 0,54% -0,35% -0,59% -0,05% -0,15% 0,31%

# Top YTD Fund N°4 3,01% -0,26% 0,26% 0,09% 0,34% 0,69% 0,09% 0,09%

# Top YTD Fund N°5 1,87% -1,06% 1,55% -1,04% 0,57% 0,65% 0,34% 0,24%

# Top YTD Fund N°6 1,80% -0,11% 0,69% 0,14% 0,13% 1,61% -0,85% -0,66%

# Top YTD Fund N°7 1,72% -0,24% 0,25% 0,07% -0,65% 0,78% -0,08% 0,24%

# Top YTD Fund N°8 1,58% -1,88% 0,17% 1,88% 0,30% 2,44% 0,03% -0,45%

# Top YTD Fund N°9 1,33% 1,08% 0,07% -0,39% 0,81% 0,11% -0,34% -0,93%

# Top YTD Fund N°10 1,16% 0,16% 0,41% -0,27% 0,73% 0,72% -0,77% -1,37%

Past Ranking

Up/Down

2014 Top 10 Performers Relative to Indices

Past Performance

2014 Performance Distribution

30/09/14 LuxHedge FoF UCITS Index20

14

2014 Top 20 Performers

0

5

10

15

20

16

16

1

-5% to 0% 0% to 5% 5% to 10%

responsible for the contents. Past Performances are not necessarily indicative of future results.

This document has been prepared for information purposes for Institutional investors only. It doesn't constitute an offer or solicitation, or as the basis for any contract, for the purchase or sale of any investment, nor do they constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not authorized or to whom it is unlawful to make such solicitation or offer. It has been prepared on the basis of information and sources believed to be reliable (Data Source: Bloomberg). All reasonable care has been taken to ensure tha t the facts stated are accurate but LuxHedge S.A. shall not in any way be responsible for the contents. Past Performances are not necessarily indicative of future results.

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