Hedge Fund-of-Funds Universe

Median Returns For Periods Ended December 31, 2011

Last Quarter Year to Date Last Year Last 3 Years Last 5 Years Last 10 Years
CAI Hedge Fund-of-Funds DB 0.27 (2.98) (2.98) 5.95 1.47 4.47
CAI Absolute Return 0.17 (0.54) (0.54) 6.60 1.49 4.38
CAI Broadly Diversified 0.34 (3.71) (3.71) 6.09 1.40 4.32
CAI Long-Short 1.20 (3.09) (3.09) 5.76 1.77 4.54
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