performance, page-4

I think at current prices EBI is extremely attractive.
I'm hoping EBI make the right choices in the fall of the the credit markets. Time will tell! As they have stated they are bearish on the subprime market and US dollar. Read the blurb below taken from the "multi-strategy" section of EBI portfolio (34% weight) in the june NTA statement.



Multi-strategy
A number of multi-strategy investment managers have bearish views on the credit markets and have
taken meaningful short positions. These positions have the potential to produce significant profits if
companies with large debt loads have trouble maintaining cashflows and meeting their repayments.