Backtest Performance

CQA Long/Short Fund Backtest Performance (1/1/2006-3/31/2016): CQA/S&P500

	Mean	alpha	beta	DSR	Sortion	Sharpe	2008 Drawdown
Unleveraged	11.3/6.4	8.5	0.44	3.3/11.6	2.8/0.38	0.99/0.27	11(3)/48(21)
Leveraged	14.4/6.4	10.4	0.66	4.9/11.6	2.5/0.38	0.96/0.27	18 (4)/48(21)

CQA Long:Short Fund Backtest Performance