LONG
U.S. banks: 24%
Japanese/Asian equities: 16%
Silver: 12%
Russell 2000: 11%
Long-dated bonds: 8%
Gold stocks: 8%
Natural gas: 7%

SHORT
Base metal miners: 17%
S&P 500: 12%
Crude oil: 9%

CASH
21%

Note: Positions are as of March 31, 2008. Numbers may exceed 100% due to leveraged trades or may not equal 100% due to rounding.

LONG
U.S. banks: 28%
Japanese/Asian equities: 15%
S&P 500: 14%
Long-dated bonds: 8%
Natural gas: 6%

SHORT
Global miners: 18%
Gold bullion: 13%
Crude oil: 9%
Russell 2000: 8%

CASH
30%

Note: Positions are as of March 24, 2008. Numbers may exceed 100% due to leveraged trades or may not equal 100% due to rounding.

LONG
U.S. banks: 22%
Russell: 17%
Japanese/Asian equities: 15%
Energy stocks: 13%
S&P 500: 12%
NASDAQ 100: 9%
Gold stocks: 7%
Long-dated bonds: 7%
Natural gas: 6%

SHORT
-

CASH
19%

Note: Positions are as of March 3, 2008. Numbers may exceed 100% due to leveraged trades or may not equal 100% due to rounding.