Income Partners | www.incomepartners.com

Investors should refer to the prospectus of the Fund for further details. The price of the shares and the income from them may go down as well as up. Past performance figures shown are not indicative of future performance. For further information, please contact Income Partners at 3311-3313, Two International Finance Centre, 8 Finance Street, Central, Hong Kong SAR or contact us at tel.: (852) 2169 2100, fax: (852) 2869 6991 or email: marketing@incomepartners.com.

- September 2008
- August 2008
- July 2008
- Jun 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007

- Launched February 2002
- For investors seeking absolute returns with relatively low volatility
- Focus on Asian credit opportunities

1. Credit trading and investment (mainly value-oriented long investments)
2. Relative Value trading (long/short credit)
3. Special Situations investments (event-driven, stressed and distressed credits)
4. Hedging and leverage strategies to enhance the returns of the Fund.

To access the following information, contact us at marketing@incomepartners.com:

- Private Placement Memorandum (as per 10 July 2007)
- Subscription Agreement for Non-US Persons
- Subscription Agreement for US Persons (Supplement Disclosure Statement)
- Notice to Shareholders re: Changes in PPM

Value Date	Fund Name	Fund Identifier	CCY	Mid NAV

29.08.08	Asian Credit Hedge Fund - Accumulation class	Bloomberg: ASCREHA KY Equity ISIN: KYG 0536 N1051	USD	17.408

29.08.08	Asian Credit Hedge Fund - Income Class	Bloomberg: ASCREHB KY Equity ISIN: KYG 0536 N1218	USD	17.408