Subject: Our FOFs pro-forma
From: "Arlene Busch" <[email-masked]>
To: <[email-masked]>
Cc: "Hunter Biden" <[email-masked]>, "Devon Archer" <[email-masked]>, "Eric Schwerin" <[email-masked]>
Date: Mon, 26 Apr 2010 16:11:39 -0400

Attached please find our performance pro-forma for our FOFs. I used the net
performance number for each month.

My criteria;

No management fee or performance fees at the FOFs level.

I used our three HF clients (Millennium, Third Point, Rohatyn)

I equally weighted each manager (33%) and rebalanced at the end of each
year.

Let me know if you have any questions….

Arlene Busch

202-333-1880

[email-masked]