Table 6 Performance comparison for rolling window model for top 50% return funds and their clones

Funds

Convertible Arbitrage

26

12.10

4.47

7.14

5.96

3.71

5.91

Clone1

Convertible Arbitrage

26

3.31

5.53

6.87

5.90

0.75

0.63

Clone2

Convertible Arbitrage

26

10.51

5.65

7.32

5.69

1.77

0.60

Funds

Dedicated Short Bias

6

7.13

4.01

18.93

8.65

0.45

0.39

Clone1

Dedicated Short Bias

6

0.59

5.87

15.99

6.16

0.00

0.43

CLone2

Dedicated Short Bias

6

8.88

4.53

15.20

5.46

0.68

0.40

Funds

Emerging Markets

33

27.85

10.74

18.73

11.68

2.01

1.27

Clone1

Emerging Markets

33

11.25

11.83

17.10

9.89

0.72

0.48

CLone2

Emerging Markets

33

24.31

15.91

17.16

10.25

1.45

0.38

Funds

Equity Market Neutral

38

10.13

5.32

8.26

7.37

1.81

1.15

Clone1

Equity Market Neutral

38

5.04

4.91

6.83

3.83

0.79

0.52

CLone2

Equity Market Neutral

38

7.29

5.11

6.91

3.99

1.09

0.42

Funds

Event Driven

29

15.98

4.59

8.65

3.18

1.98

0.56

Clone1

Event Driven

29

7.76

5.41

8.56

3.76

0.96

0.58

CLone2

Event Driven

29

9.39

4.08

8.53

3.83

1.18

0.38

Funds

Fixed Income Arbitrage

21

10.72

3.07

5.33

3.36

3.49

4.44

Clone1

Fixed Income Arbitrage

21

3.36

4.31

5.73

3.72

0.81

0.53

CLone2

Fixed Income Arbitrage

21

4.51

2.29

5.63

3.96

1.03

0.45

Funds

Global Macro

31

17.05

6.36

16.15

6.45

1.19

0.54

Clone1

Global Macro

31

9.91

13.62

15.97

8.81

0.64

0.67

CLone2

Global Macro

31

16.70

15.13

15.75

8.50

1.08

0.67

Funds

Long/Short Equity Hedge

249

16.91

8.37

14.57

7.48

1.30

0.52

Clone1

Long/Short Equity Hedge

249

11.71

9.31

14.01

7.49

0.88

0.42

CLone2

Long/Short Equity Hedge

249

12.36

6.98

13.64

7.35

1.02

0.44

Funds

Managed Futures

105

17.15

6.61

22.20

10.57

0.91

0.51

Clone1

Managed Futures

105

21.55

15.51

22.78

11.80

1.00

0.51

CLone2

Managed Futures

105

18.51

14.89

22.32

11.86

0.87

0.49

Funds

Multi Strategy

45

13.58

4.60

8.94

6.30

1.97

0.97

Clone1

Multi Strategy

45

7.11

6.26

8.37

6.04

0.95

0.46

CLone2

Multi Strategy

45

10.59

6.80

8.37

6.05

1.37

0.45

Funds

Fund of Funds

161

11.28

3.61

7.51

4.55

1.85

0.83

Clone1

Fund of Funds

161

6.21

4.00

6.88

4.20

0.97

0.29

CLone2

Fund of Funds

161

10.29

7.03

6.92

4.14

1.49

0.31