2007 NAV per share		Class CAD	Class EUR	Class USD
ISIN CODE		IE00BOKCG299	IE00BOKCG307	IE00BOKCG182
	12/31	9.03	8.82	10.55
	12/24	8.93	8.84	10.42
	12/18	8.77	8.50	10.01
	12/11	8.93	8.48	10.18
	12/04	8.91	8.43	10.17
	11/27	8.74	8.34	10.14
	11/20	8.82	8.54	10.33
	11/06	9.1	9.54	11.35
	10/31	9.21	9.51	11.26
	10/30	9.13	9.35	11.04
	10/23	9.06	9.27	10.81
	10/16	9.11	9.26	10.73
	10/09	9.01	9.18	10.59
	10/02	8.97	8.96	10.38
	09/25	9.14	9.09	10.50
	09/18	9.12	9.08	10.38
	09/11	9.09	8.88	10.05
	09/04	9.08	8.97	9.97
	08/28	8.82	8.59	9.56
	08/21	8.81	8.68	9.56
	08/14	8.89	8.68	9.60
	08/07	9.06	8.82	9.91
	07/31	9.28	8.96	10.03
	07/24	9.40	9.26	10.46
	07/17	9.52	9.33	10.51
	07/10	9.40	9.15	10.29
	07/03	9.37	9.15	10.18
	06/26	9.18	9.00	9.90
	06/19	9.50	9.39	10.31
	06/12	9.34	9.28	10.09
	06/05	9.65	9.46	10.47
	05/29	9.59	9.37	10.30
	05/22	9.63	9.30	10.23
	05/15	9.50	8.97	9.97
	05/08	9.44	8.90	9.85
	05/01	9.26	8.64	9.61
	04/24	9.26	8.53	9.52
	04/17	8.97	8.18	8.86
	04/10	8.95	8.19	9.00
	04/03	8.83	8.06	8.79
	03/27	8.85	8.08	8.82
	03/20	8.92	8.13	8.85
	03/13	8.89	8.08	8.72
	03/06	8.89	8.11	8.71
	02/27	8.97	8.18	8.86
	02/20	9.05	8.30	8.92
	02/13	8.88	8.23	8.77
	02/06	8.90	8.18	8.68
	01/30	8.82	8.13	8.63
	01/23	8.76	8.03	8.56
	01/16	8.74	8.11	8.57
	01/09	8.54	7.87	8.37
	01/02	9.08	8.27	8.98
Last update on April 03, 2008 02:55 PM

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This summary report is not authorized for use as an offer of sale or a solicitation of an offer to purchase investments in any fund managed by Palos Management Inc. or its affiliates. Offerings may be made only by means of a confidential private offering memorandum and are suitable only for eligible investors who are accredited investors and who are financially sophisticated.