LONG
Base metal miners: 18%
Japanese/Asian equities: 17%
NASDAQ 100: 15%
SPX: 13%
Crude oil: 11%
Long-dated bonds: 8%
Natural gas: 8%

SHORT
U.S. banks: 22%

CASH
29%

Note: Positions are as of May 5, 2008. Numbers may exceed 100% due to leveraged trades or may not equal 100% due to rounding.

LONG
U.S. banks: 28%
Base metal miners: 18%
Japanese/Asian equities: 17%
Russell 2000: 13%
SPX: 13%
Silver: 12%
Crude oil: 12%
Gold stocks: 7%
Long-dated bonds: 8%
Natural gas: 9%

SHORT
-

CASH
12%

Note: Positions are as of April 28, 2008. Numbers may exceed 100% due to leveraged trades or may not equal 100% due to rounding.

LONG
U.S. banks: 26%
Japanese/Asian equities: 16%
Silver: 12%
NASDAQ-100: 12%
Russell 2000: 12%
SPX: 12%
Crude oil: 11%
Gold stocks: 8%
Long-dated bonds: 8%
Natural gas: 8%

SHORT
Base metal miners: 14%

CASH
9%

Note: Positions are as of April 21, 2008. Numbers may exceed 100% due to leveraged trades or may not equal 100% due to rounding.

LONG
U.S. banks: 27%
Japanese/Asian equities: 16%
Silver: 12%
NASDAQ-100: 11%
Russell 2000: 11%
Gold stocks: 8%
Long-dated bonds: 8%
Natural gas: 6%

SHORT
Base metal miners: 15%
S&P 500: 11%
Crude oil: 9%

CASH
15%

Note: Positions are as of April 7, 2008. Numbers may exceed 100% due to leveraged trades or may not equal 100% due to rounding.

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.