The Lipper HedgeWorld Annual Guide, 2005/2006 edition, is the hedge fund industry's definitive reference guide with qualitative information and quantitative performance data on 650 US and non- US hedge funds. The Annual Guide totals more than 750-pages of valuable information, and is available to accredited investors and advisers only.

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Get a free copy of HedgeWorld's 2003 Fund of Funds Guide or 2004 Service Provider Directory when you purchase your 2005 Annual Guide. This offer is only good while supplies last. Shipping not included.

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The HedgeWorld Annual Guide is designed to be primarily distributed to U.S. Regulation-D and non-U.S. accredited high net worth investors, qualified institutional investors and their professional advisers. You must be a registered member of Lipper HedgeWorld to subscribe.

The HedgeWorld Annual Guide is published by Lipper, A Reuters Company. The performance data and other information contained in this publication have not been independently verified by Lipper or its principals, employees, or agents, and therefore, no representations are made as to the accuracy or completeness of such information.

The information contained in this publication is for informational purposes only and does not constitute and should not be construed as investment recommendation. No information in this publication constitutes or should be construed as a solicitation for investment in any investment product. The principals, employees, agents and/or affiliates of Lipper Inc. may from time to time have a position or interest in the investment entities referred to in this publication. Past results are not necessarily indicative of future performance.