Inaugural London GalaCELEBRATING MENTORING

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100 Women in Hedge Funds

IN SUPPORT OF

THE PRINCE’S TRUST

HONOURING

GAY Huey EvansTribeca Global (Europe) Ltd.

100 Women in Hedge Funds’ European Industry LEADERSHIP Award

Michael Hintze CQS

100 Women in Hedge Funds’ EUROPEAN Effecting Change Award

Inaugural London GalaCheck-In/Cocktail Reception

Opening RemarksKristen Eshak, The Blackstone Group

Gala Chair

100 Women in Hedge Funds European Leadership Awardpresented to Gay Huey Evans, Tribeca Global Management (Europe) Ltd.

by Effie Anagnostopoulos, Chair, London Board

100 Women in Hedge Funds European Effecting Change Awardpresented to Michael Hintze, CQS

by Heather Lockhart, Vice Chair, London Board

DINNER

Introduction of The Prince’s TrustDr. Herta von Stiegel

The Prince’s Trust, Women’s Leadership Group

Live AuctionPhilip Hook, Sotheby’s

Making a DifferenceAnne B. Popkin

President, 100 Women in Hedge Funds

DESSERT

Presentation of Cheque to The Prince’s TrustOlivia Bernard, Global Advisors

Treasurer and Chair of Charity Selection, London Board

Closing RemarksKristen Eshak, Gala Chair

Live BandAlphaspin

Table of Contents

100 Women in Hedge Funds Board of Directors 3About 100 Women in Hedge Funds

Inaugural London Gala Committee 4

Honourees 5

Patrons, Friends of 100 Women 6

100 Women in Hedge Funds London Angels 7

Live Auction, Committee 8

Auctioneer 9

Auction Rules 10

Auction Lots 11-21

Auction Donors 22

Special Thanks 23

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BOARD OF DIRECTORS

Mimi Drake, Defiance Asset Management, LLCKristin Fox, HedgeWorld

Dana B. Hall, D. E. Shaw & Co., L. P.Carol Kim, Lehman Brothers

Anne B. Popkin, President, 100 Women in Hedge FundsMindy Posoff, NewMarket Capital Partners LLC

Eve Teich, Silver Point CapitalJoan Werner, Ramius Capital

Amanda Pullinger, Executive Director, 100 Women in Hedge Funds

ABOUT 100 WOMEN IN HEDGE FUNDS

100 Women in Hedge Funds is a global association of more than 6,000

professional women. Through the volunteer efforts led by our members, we

make a difference in our industry and community with unique educational

programming, professional development initiatives and philanthropy.

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Gala Planning Committee

CHAIR

Kristen Eshak, The Blackstone Group

London board champion

Heather Lockhart, Polygon Investment Partners

Committee members

Effie Anagnostopoulos, 100 Women in Hedge FundsLizanne Atherly, Baltic Asset Management

Olivia Bernard, Global AdvisorsJodi Bisson, Liability Solutions

Amanda Cantrell, Hedge Fund IntelligenceMay Chong, Deloitte

Abear Elsayed, Lazard Asset ManagementZeynep Meric, Aspect Capital

Viktoria Orizarska, KBC Alternative Investment Management Ltd.Claire Perryman, TriAlpha Investment Advisors

Sascha Proudlove, The Blackstone Group

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Honourees

GAY huey evans

Ms. Huey Evans, president of Tribeca Global Management (Europe) Ltd, willreceive the 100 Women in Hedge Funds’ European Industry Leadership award.She is a risk management expert who worked for many years in senior positionsat Bankers Trust and chaired the International Swaps and Dealers Associationfrom 1994 to 1998 before heading the markets division at the UK's FinancialServices Authority for seven years. More recently, she has helped build outTribeca into a premier multi-strategy hedge fund platform within Citigroup. InFebruary 2006 Ms. Huey Evans was appointed to the European Commission’sExpert Group on Alternative Investment Funds. In 2004, Ms. Huey Evans wasappointed chairman of the Joint Forum, a group of experts working under theumbrella of the Basel Committee on Banking Supervision (BCBS), theInternational Organization of Securities Commissions (IOSCO) and theInternational Association of Insurance Supervisors (IAIS). She holds a BA fromBucknell University in Economics.

michael hintze

Mr. Hintze, who is founder and Chief Executive Officer of CQS, will receive the100 Women in Hedge Funds' European Effecting Change award for hisphilanthropic activity. Hintze established CQS in 1999 and the firm, one of thelargest hedge funds in Europe, now manages over US$6 billion. Over the lastseveral years, the Hintze Family Charitable Foundation has made awards toeducational and health programmes and the arts, including The Prince's Trust,The Prince's Foundation, Trinity Hospice, The Evelina Children's Trust, theVictoria and Albert Museum's Sculpture Galleries, the Vatican Museums'Pauline Chapel and the University of Sydney.

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Inaugural London Gala Sponsorspatrons

friends of 100 women in hedge funds

Albourne Partners LimitedAltima Partners LLP

Barclays WealthBear Stearns International Limited

The Blackstone Group InternationalBlueBay Asset Management plc

BNP Paribas Hedge Fund Relationship ManagementBrevan Howard Asset Management LLP

Citco Fund ServicesCiti Alternative Investments

Citi Prime FinanceCQS

Dresdner KleinwortThe EIM Group

Eton ParkFortis Prime Fund SolutionsHSBC Private Bank UK LtdJP Morgan Prime Brokerage

KBC Alternative Investment ManagementMaple Securities (UK) Ltd

Morgan StanleyPolygon Investment Partners LLP

SISU CapitalThe Tudor Group

UBS

Avendis Investment Management Deutsche Bank

Gerson Lehrman Group Katten Muchin Rosenman LLP

Lehman Asset ManagementOmni Partners LLP

Palmer Capital

Park Hill GroupPequot Capital

ReutersSotheby's

Taconic Capital Advisors Tellurian Capital Management LLC

Trafalgar Asset Managers

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Saluting Our Angels2007 london angels

Elena Ambrosiadou, IKOS Asset ManagementEffie Anagnostopoulos

Olivia Bernard, Global AdvisorsLea Blinoff, HSBC Private Bank

Janie Chen, TriAlpha Investment AdvisorsNicola Horlick, Bramdean Asset Management LLP

Joanna Kalmer, Ashmore Investment Management LimitedAngela Osborne, Dresdner Kleinwort

Heather Lockhart, Polygon Investment PartnersAnne B. Popkin

Amanda Pullinger, Pullinger Management, LLCSelina C.Y. Siak, Quantiva Capital Limited

Meline von Brentano, The Caedmon Group LLCShonda Warner, Chess Capital

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Live Auctioninaugural london gala auction committee chair

Lizanne Atherly, Baltic Asset Management

auction committee and gala members

Abear Elsayed, Lazard Asset ManagementEdina Elek, Commercial First Mortgages

Linda del Rio Jansson, BNP ParibasOmotunde Lawal, Standard Bank

Nagla Naguib, Pioneer Alternative Investment ManagementMayumi Yumagachi, Rockhampton Management

Diana Arakelyan, Citco Fund ServicesAida Bekele, Goldman Sachs Prime BrokerageNathalie Simond, Pequot Capital Management

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Live Auctionauctioneer - philip hook

Philip Hook is a Senior Director in the Impressionist and Modern ArtDepartment at Sotheby’s. He originally joined Christie’s picture department in1973 with a degree in the History of Art from Cambridge University. From1980-87 he was head of Christie’s 19th Century Picture Department. In 1987he left to co-found The St. James’ Art Group in London, dealing in European19th and 20th century pictures. In 1994 Mr Hook joined the Impressionist andModern Art Department at Sotheby’s. He has appeared regularly on the BBCTV programme Antiques Roadshow as a picture expert and is the author ofPopular 19th Century Paintings (1986) and five successful novels set in the artworld: Optical Illusions (1993), The Stonebreakers (1994), The Island of the Dead(1995), The Soldier in the Wheatfield (1998) and An Innocent Eye (2000).

Live Auction Rules

1. All bids are binding.

2. Bids must start at the minimum bid and must be made in the increments dictated by the auctioneer.

3. Auction items are subject to specific restrictions as dictated by the auctioneer and as displayed in the auction catalog. Items may not be exchanged unless expressly indicated in the auction catalog. Other restrictions may apply.

4. The highest bidder on an item will be awarded a congratulations and payment form immediately following the live auction.

5. Auction checkout will be done on June 14th. Payments will be remitted at that time. Personal cheques will be accepted.

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Auction Lots1. Art in London

lucy dickens modern art painting & private studio visit

You can own a contemporary piece from Lucy Dickens, the great-great-granddaughterof British literary genius Charles Dickens. Dickens is well known for her moody andatmospheric paintings of every day life; she uses light and shade to achieve a uniquedramatic effect. She began her artistic career in 1990 following her experience as afashion stylist and an illustrator and has had over a dozen solo exhibitions and numerousmixed exhibitions in London and the UK, which established her as an artist. Dickens isfollowing in the long lasting artistic traditions of her family, and the lucky bidder willalso have a chance for a private studio tour with Dickens.

TOUR OF SIMMONS AND SIMMONS ART COLLECTIONWITH STUART EVANS

Simmons & Simmons has been collecting modern and contemporary art for more thanfifteen years. Like the firm, the collection has grown increasingly international.Nonetheless, it remains true to its original objective of supporting young artists, early intheir careers, by acquiring significant work. Their aim has been to bring to young artistsa showcase beyond the galleries in which their work is usually seen and to provide theopportunity to engage with some of the most interesting elements in contemporary art.Over the years, the collection has become increasingly international, with work byAmerican, Australian, Dutch, French, German, Irish, Japanese and South African artists,including Turner prize winners Michael Raedecker and Wolfgang Tillmans. You andeight guests can enjoy a private viewing of this renowned collection with Stuart Evansas your personal guide.

Stuart Evans has been a partner at international law firm Simmons & Simmons since 1981 and has beenresponsible for assembling a major collection of contemporary art for Simmons & Simmons. Between 1997 and2000 Stuart was chairman of the Tate Patrons of New Art and in 2001 was a juror of the Turner Prize. In2006 Stuart and his son John began acquiring works of art for the Lodeveans Collection, a new internationalcollection of contemporary art which aims to provide a resource for public institutions.

Auction LotsTOUR OF SOTHEBY’S PRIVATE ART COLLECTION & LUNCH for 10

A lunch for 10 in the boardroom at Sotheby’s with a three-course meal with wine for upto eight guests and two Sotheby’s experts followed by a tour of a Sotheby’s collectionsale in 2008. Among the highlights of the Sotheby’s international sale calendar in 2008are the major impressionist, modern and contemporary art sales held at New Bond Streetin February. The increasingly popular Russian contemporary art sales will also be heldin February 2008. Other departments holding sales through March are furniture, prints,jewellery, wine, modern British paintings, 19th century paintings and decorative arts.There is certainly a sale to please every taste, and after your intimate lunch in theSotheby’s Boardroom you will be taken on a private tour of one of the above sales withthe expert of your choice.

This prize will be available from February 2008 onwards.

2. NY Fashion with Donna KaranDONNA KARAN SPRING FASHION SHOW IN NEW YORK &

MAYFAIR/NEW YORK STORE SHOPPING EXPERIENCE

The Donna Karan Collection is a modern system of dressing created to appeal towomen’s senses on every level. This exclusive collection embodies the ultimate in luxu-ry, sensuality, comfort, and creative expression and is founded on an intuitive understand-ing of women’s needs and desires. You and a guest can have this experience firsthand atthe Donna Karan Spring 2008 fashion show in New York and can complete your fashionjourney with a private champagne brunch and shopping experience for you and fivefriends at a Donna Karan boutique in either London or New York. This will include acatered champagne brunch in the garden, a 20% shopping discount on all purchases madethroughout the morning, and an exclusive Donna Karan gift for all attendees.

Valid at either 46 Conduit Street or 819 Madison Avenue through October 1, 2007. Shopping brunch date sub-ject to availability. Fashion show offer expires October 2007.

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Auction Lotstour for 10 of new york fashion now exhibit at the

victoria and albert museum with curator sonnet stanfill

You and nine guests get a private, guided tour of the V&A exhibit New York FashionNow. The exhibit displays the work of the latest generation of New York fashion design-ers. It brings together designs by 20 of the most talented and innovative designers fromthe numerous independent fashion labels launched between 1999 and 2004. The displaywill feature around 60 outfits together with accessories, and designs range from sportydaywear to glamorous evening wear and will be arranged in five themes: sportswear chic– showing practicality combined with ornament and luxury, atelier –couture designs thatreveal highly accomplished craftsmanship and techniques, avant-garde – the more radi-cal side of New York fashion, and menswear and celebrity – looking at the role celebrityhas played in the success of some of the labels. Some designs on display include ZacPosen’s 'Underwater Gown', spring/summer 2007; a Proenza Schouler trouser suit,spring/summer 2007, and a Maggie Norris corset and evening skirt, spring/summer2007, to name a few!

Sonnet Stanfill is curator of the V&A’s spring 2007 display, ‘New York Fashion Now’. Sonnet is curator of 20thcentury and contemporary fashion at the V & A, a post she has held since 1999. She was curator of the V&A‘sOssie Clark display (2003) and has published and lectured on various aspects of contemporary fashion design.Before coming to the V & A, Sonnet worked as a fashion buyer in New York and San Francisco.

Dates subject to availability.

Top off your experience with luxurious PALOMA PICASSO: 18k gold cufflinks from Tiffany’s designer Picasso and Burberry perfumes and

leather bound picture frame

Paloma Picasso is a celebrated jewellery designer and daughter of the artist PabloPicasso. She designs jewellery for her own renowned brand, Paloma Picasso, and hasdesigned for Tiffany and Co. for over 20 years. These unique 18-karat gold cufflinks wereinspired by her dear friend Manolo Blahnik and were designed especially for The Prince’sTrust. This auction lot gives you the rare opportunity to bid for your very own uniquePicasso creation.

Auction Lots3. Pure Indulgence

Celebrity chef Brian Turner invites you for dinner for two at his restaurant in the Millennium Hotel (London)

Brian Turner is one of Britain's most successful and well-known chefs. In additionto running highly respected restaurants in the UK, he has become a successfultelevision personality, appearing regularly on 'Ready Steady Cook' and 'Daily Cooks'.On June 15th, 2002 in the Queen's Birthday Honours, Brian was awarded a CBE forhis services to tourism and training in the catering industry, making a visit to thePalace to receive his gong. In April 2003 Brian launched ‘Brian Turner Mayfair’ atthe Millennium Hotel London Mayfair. The restaurant serves modern British foodwithin a relaxed and comfortable environment. You and a guest will enjoy a five-course dinner of Brian’s choice and he will join you during dinner to have a glass ofwine. Here’s your chance to exchange cooking tips with a legendary British chef !

Rock On! Two tickets to the Ray LaMontagne concert at RoyalAlbert Hall (November 5th 2007) & two tickets to a John Mayerconcert plus a backstage meet and greet (next London show)

Grammy Winning artist John Mayer is hitting the road this summer to supporthis platinum selling record, CONTINUUM, and two lucky people will have thechance to meet him backstage at his next London show. Over the course of hiscareer, the guitarist/vocalist/songwriter has sold more than nine million albumsincluding his 2001 breakout, the quadruple-platinum Room For Squares, 2003'sHeavier Things (which debuted at #1 on the Billboard Top 200 the week of itsrelease and featured the Grammy-winning Song Of The Year, "Daughters"), hiscritically acclaimed work with the John Mayer Trio on Try!, and, most recently, thebest-selling Grammy-winning CONTINUUM. Room For Squares, Heavier Things,and CONTINUUM have each earned Grammy Awards for John, bringing his careerGrammy total to five. Try!, his live recording with the John Mayer Trio, earned aGrammy nomination for Best Rock Album. Most recently, Mayer was selected as oneof Time Magazine’s Most Influential People of 2006.

Ray LaMontagne, the New Hampshire born singer and songwriter, is coming to theUK this fall to London’s Royal Albert Hall. LaMontagne was acclaimed for his 2004RCA Records debut, “Trouble” and has just released his sophomore act “Till the SunTurns Black”. LaMontagne was nominated for "International Breakthrough Act" atthe 2007 Brit Awards.

Generously donated by Mick Management.

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Auction Lotsjangminsook: champagne ring

Jangminsook is a contemporary boutique that offers a wide selection of luxurious andelegant jewellery designed by Minsook Jang. The unique designs are simply breathtakingand are limited edition, made with the highest quality precious stones. The collectionshave an ‘East-meets-West’ flair that is a testament to Minsook’s Korean background, andwhilst the designs are bold and striking, they are light and easy to wear. Celebrityclientele include Natasha Kaplinski, Beverley Knight, Jane Asher, and Lorraine Chase.

The Champagne series is a contemporary and fun design that is also very elegant andversatile so that it can be worn day to night. The ring is made with 18k white gold setwith five brilliant diamonds and 11 chocolate diamonds. The ‘Champagne’ ring is one ofJangminsook’s most popular designs and is a limited edition number for this series.Minsook created this stunning design with the hope that it will bring good fortune to thelucky owner -- that she will blessed with wonderful surprises, and that each day will be acelebration.

4. London CultureTea with Lord Young at the House of Lords for four

& a private tour of The House of Lords

As well as being Chairman of The Prince’s Trust Development Board, Lord Young isChairman of Young Associates Ltd., which works on behalf of major British companieson infrastructure projects across the world and provides venture capital for start-upprojects. His career has covered business, politics and the civil service. Lord Young wasSecretary of State for Employment, then Secretary of State for Trade and Industryduring the Thatcher years.

Tea at the Ritz for two with Brenda Blethyn

Tea at The Ritz is an institution, and it is generally served in the famous Palm Court.Enjoy its signature hospitality and famous cuisine, including a choice of several varietiesof tea, finely cut sandwiches, freshly baked scones, jam and clotted cream and a range ofdelicate pastries, while cosseted in lovingly refurbished, Louis XVI style. You and a guestwill join Brenda Blethyn for tea at the world famous hotel. Star of stage and screen, theincredibly talented Ms Blethyn was born 1946 in Ramsgate, Kent, England. Brenda wasawarded an OBE (Order of the British Empire) by her Majesty Queen Elizabeth II, in the2003 New Years Honours List. Brenda performed for several seasons at the NationalTheatre before winning the London Critics' Circle Theatre Award for Best SupportingActress in 1980 for the play Steaming. In the same year, she was cast by director MikeLeigh in his Grown Ups, the start of a professional relationship, which would later earnboth huge acclaim. She has also appeared on Broadway.

Auction LotsTop off your cultural experience with a trip to

London’s legendary Royal Opera House

The Royal Opera House in Covent Garden, home to The Royal Opera and The RoyalBallet, is a landmark building of London and one of the most high tech performancespaces in the world. The lucky winner will enjoy a private backstage tour before aperformance of their choice to see how the magic gets created and will be brought to thewings at the curtain calls for a potential meet and greet with cast. See London’slegendary Royal Opera House as you have never seen it before!

Tickets for show are not included in this package.

5. Ladies Who Love SpeedF1 Super Car memorabilia

Receive exclusive Formula 1 memorabilia, including one male and one female jacket, cufflinks, andan umbrella. You will also receive two caps and computer accessories, all signed by F1 ChampsNico Rosberg and Alex Werz.

Salon Privé Super Car Ladies Day Garden Party for 10

Salon Privé, the UK’s most fashionable automotive garden party, returns to the groundsof one of the UK’s most exclusive private members’ clubs, The Hurlingham Club, on11th – 13th July 2007. Performance Events Ltd. is delighted to support ‘100 Women inHedge Funds’ and has provided 10 tickets to the Salon Privé Ladies Day on 12th July.Spectacular new cars await those visiting Salon Privé 2007, with models such as theBentley Brooklands, Rolls-Royce Drophead Coupé, Maserati GranTurismo and theLamborghini Murciélago LP640 Roadster, to name but a few. The day commences at11.00 a.m. and will include access to all of the Supercar and Super Brand display areas,the Ferrari Bar, the Supercar group bar, investment wine tasting by Berry Bros, Pimmsreception, BBQ/buffet lunch, and afternoon tea with an exciting ‘It Raffle’ comprising anumber of special lots including jewellery, travel, beauty and a special weekend away.

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Auction LotsFinally, be treated like a VIP at St Martin’s Lane Hotel, London

St. Martin’s Lane and GlobalGuestlist have the pleasure of offering you and a guest acomplimentary VIP weekend. From its dazzling location at the hub of Covent Garden,West End theatres and Trafalgar Square, St. Martin’s Lane is a dramatic and daringreinvention of the urban resort. Smart, witty and sophisticated, its design is a brilliantcollision of influences - from the modern to the baroque - that suffuses the hotel withenergy, vitality and magic.

Valid through 30th Dec 2007. Must be taken on a Friday & Sunday or Saturday & Sunday night. Generouslydonated by GlobalGuestlist Concierge Services. GlobalGuestlist has been London’s foremost conciergecompany for over seven years, supplying leisure and entertainment services from around the world to ademanding, referral-only clientele.

6. British IconA Private Lunch in the presence of Baroness Thatcher

Margaret Thatcher was Britain's first female Prime Minister and served threeconsecutive terms in office. She is one of the dominant political figures of 20th centuryBritain, and Thatcherism continues to have a huge influence. You and a guest can joinBaroness Thatcher and a few other select guests for lunch on 11th July 2007 at a centralLondon location.

7. Royal TourTour for ten around his royal highness Prince Charles’ exclusive

Highgrove Gardens & signed book by Hrh

HRH The Prince of Wales is delighted to offer a signed copy of The Garden atHighgrove with a guided tour, for 10 people, of his private gardens at Highgrove. Yourvisit will include a tour of the garden with one of His Royal Highness’s experiencedguides, which will last for approximately 1.5 hours. The book, which HRH The Prince ofWales has signed, will give you a taste of what is to come. The tour will be followed withchampagne and canapés, and you will also have the opportunity to visit the uniqueHighgrove gift shop, which has exclusive products that have been specifically selected byHRH The Prince of Wales and are based on different aspects of his garden and his life.

The tours will take place on a weekday between May and September. HRH The Prince of Wales may not be inresidence on the day of the tour. This auction lot has been kindly donated by HRH The Prince of Wales.

Auction Lots8. Winter Wellness

Your journey begins in with a fabulous Verbier Experience: a four-day quick fix ski clinic and spa

Chill out in Verbier this winter while perfecting your skills on the slopes. IntouchLifestyles offers this retreat, which provides a haven for peace and tranquillity, spoilingyour body with spectacular walks and clean mountain air. The lucky bidder will have fournights of self-catering accommodation in a private furnished studio; two half-day skilessons with ski guru Niko de Rohan, former coach to the New Zealand Alpine &Freestyle Ski Teams; a life coaching or personal training consultation with Niko and adeep-tissue massage with luxurious spa therapy in Les Bains de Lavey (www.lavey-les-bains.ch). Spend an afternoon relaxing in the healing waters of Les Bains de Lavey,Europe’s warmest natural spa. The Lavey-les-Bains Spa & Resort combines well-being,tranquillity and health to provide its guests with a soothing sense of getting away fromit all and is the perfect place to recharge your cells. In addition to hydrotherapytreatments tapping the virtues of the spa's thermal waters, the diversity of massagesfeatured in their "World of Relaxation" program will delight you as they are inspired byancient techniques and developed over time in distant lands. Complete your spaexperience with a goodie bag of luxury spa items generously donated by Bliss Spas.

The successful bidder may chose any four nights between 12th-24thDec 2007 or 2ndJan-16thMar 2008. Pleasenote that they will be required to finance their own transport, lift pass and winter sports insurance. Bookingmust be made at least 1 month in advance.

Your journey continues in London with two one-to-one yogatherapy & two Ayurvedic or holistic massage sessions from Yogoloji

and two one-hour Lee Saxby fitness consultations

Yogoloji’s London studio provides holistic consultations and welcomes you for this treat!Lee Saxby is a biomechanical specialist who has spent the last 15 years studying with theworld’s leading researchers in the fields of biomechanics, nutrition, athletic training,evolutionary biology and functional medicine. The consultations will cover structuralassessment, metabolism and weight loss consultations, movement correction, training,and sports injury rehabilitation. Lee will give you a programme to aid your personaljourney towards optimal health and fitness. Your second session will be one month laterand will follow up and refine your development programme.

Lee is now a Technical Director overseeing the course programme at Wildfitness. Wildfitness provides fun,cutting-edge courses that focus on physical transformation, using intelligent training techniques to help youre-discover your natural vitality, strength and agility.

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Auction LotsFinally, warm up your winter with a cooking lesson from the

Benares Restaurant’s Michelin star chef

Benares Restaurant, London has the pleasure in offering a complimentary AdvancedMaster Class for two with Michelin star Chef Atul Kochhar, who has kindly opened hiskitchen to people wanting to discover more about the contemporary approach to Indiancooking.

Generously donated by GlobalGuestlist Concierge Services. Valid through 30th Dec 2007.

9. Sports Nuts!GOLF: A day at the exclusive private, members-only Wisley golf club for up to three

people with a round of golf plus lunch with Denis Pugh (Colin Montgomery’spersonal coach and Sky golf commentator).

The Wisley is a haven for golfers with a passion for the game. Established in 1991, TheWisley is a 27-hole masterpiece designed by Robert Trent Jones Jr., one of the world’sleading course architects. The outstanding presentation of the course compares with thebest in the world, from well-manicured tees and fairways to immaculate bent grassgreens. Off the course, there are state of the art practice facilities, and the clubhouseprovides the highest standards of service and cuisine.

The coaching staff is led by Master Professional Denis Pugh. Pugh is coach to ColinMontgomery and has worked with other tour winners and Ryder Cup players earninghim a place amongst the game’s very best. In 2005, the PGA honoured him as one of onlyfour “master” professionals. The lucky bidder can exchange tips with a master!

Special thanks to Baltic Asset Management for donating this spectacular lot.

Complement your golfing experience with two tickets and VIP hospitalitypasses for the Quinn Direct British Masters Golf Tournament

This tournament is a major highlight on the European Tour and one of the biggestevents in the UK sporting calendar. This year, it takes place at the world famous Belfry,West Midlands, from Thursday 20 - Sunday 23 September 2007. You and a guest areinvited to have behind the scenes access and potential meet-and-greet possibilities withthe tour’s professional golfers!This lot was generously donated by HSBC Private Bank.

football: Two executive box tickets to any Manchester United Premier League Gameuntil May 2008. Top it all off with two tickets to see the Premiership champions!

Tickets donated by aAim Group Plc.

Auction Lots10. Delicious and Decadent

Inn or Out Caterers

The award-winning Inn or Out catering team will wow you and seven guests in yourhome for dinner. Founder and Managing Director Lena Björck and Head Chef RyanClement will work their magic on a bespoke gastronomic meal that will leave you andyour guests spellbound. Inn or Out will provide the food for a menu you approve and willbring along waiting staff.This offer will be for a mutually convenient date, and must be taken before June 2008 and within the M25.

Small Luxury Hotels

Small Luxury Hotels of the World (SLH) in association with The Prince’s Trust, isdelighted to donate a three-night stay for two people at any of their hotels anywhere inthe world. SLH is an exclusive brand of more than 400 exquisite, luxury, independenthotels offering an infinite variety of memorable experiences in 65 countries around theworld. Whether travelling for business or leisure, with SLH you will encounter only thevery best.

Two-day cruise on a luxury yacht in the Greek Islands for three couples

Enjoy a luxurious two-day cruise in the Greek Islands on either Mistral Blue orPhoenician Blue, both part of the PA Lemos Yachting fleet. Both yachts have the latestnavigation equipment and come with all the toys, including water and jet skis. Thecaptain and his crew will provide the highest level of service for a maximum of threecouples, and basic food and Greek wine is included. You and guests can choose betweentwo fabulous yachts for your adventure. M/Y The MISTRAL BLUE was built in Cannesand is made of triple mahogany, is 34 metres (110 feet) and has a speed of 20 knots. Allbedrooms have en suite bathrooms. M/Y The PHOENICIAN BLUE is 28 metres long,and is also made in triple mahogany. All bedrooms have en suite bathrooms.

Your choice of yacht is subject to availability, but Lemos Yachting will make every effort to accommodate youand your guests. This prize can be taken at any time of the year, subject to availability; however, Lemos haveespecially blocked out August for the winner of this auction lot as they know that this is the most popularholiday month.

Fuel costs are not included.

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Auction Lots11. Make a Difference

Pledge for The Prince’s Trust Women’s Leadership Group!

The Prince's Trust Women's Leadership Group is an innovative fundraising initiativewith a dedicated committee of leading, influential women committed to raising funds tohelp young people get their lives back on track. Their mission is to involve more peoplein the Trust’s work and to motivate supporters to help them help more disadvantagedyoung people than ever before.

Donorsauction donors

AAim Group PlcBaltic Asset Management Limited

Baroness ThatcherBenares Restaurant

Bliss SpasBrenda Blethyn

Brian Turner/The Millennium HotelBurberry

Donna KaranGlobalGuestlist Concierge Services

HRH The Prince of WalesHSBC Private BankInn or Out CaterersIntouch Lifestyles

JangMinsookLucy Dickens

Mick ManagementMorgan Hotel Group

Mr. & Mrs. N Lemos - Lemos YachtsPaloma Picasso

Royal Bank of ScotlandRt Hon Lord Young of Graffham

Salon PrivéSimmons & Simmons

Small Luxury Hotels of the WorldSotheby's

The Prince's TrustThe Ritz Hotel LondonThe Royal Opera House

The Victoria and Albert MuseumThe Wisley Golf Club

WildfitnessYogoloji

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Special Thanks to...ALLCOULOURS PRINTERS

ALPHASPIN

KIRKLAND & ELLIS international LLP

THE MARSTAN PRESS LIMITED

PRINT MEDIA

SOTHEBY’S

SPIKE LISEIKO PHOTOGRAPHY

THROGMORTON CORPORATE MANAGEMENT SERVICES

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conditions of business for the 100 women in hedge funds inaugural londongala and auction to be held on june 13th, 2007 at the royal courts of justice

The property offered in this sale and listed in this catalogue will be sold by the 100 Women in Hedge Funds, Limited(“100WHF”), registered with the Companies House under number #06057707. Any questions in relation to the auctionshould be directed to 100WHF and not to Sotheby's, which serves merely as auctioneer for 100WHF in conducting the saleand participates on the following terms and conditions which govern the sale of all the property offered (as amended by anyposted notices or oral announcements during the auction):

1. (a) Neither Sotheby's nor 100WHF assumes any risk, liability or responsibility for the authenticity or the authorship ofany property identified in this catalogue (that is, the identity of the creator or the period, culture, source or origin, as the case may be, with which the creation of any property is identified herein).

(b) All property is sold with all faults and imperfections and errors of description and neither Sotheby's nor 100WHF makes any representations or warranties of any kind or nature, expressed or implied, with respect to the property and in no event shall either of them be responsible for the correctness of any descriptions of property, nor be deemed to have made, any representations or warranties of physical condition, size, quality, rarity, importance, genuineness, attribution, authenticity or provenance of the property. No statement in the auction catalogue or other description made at the sale, in any sale invoice or elsewhere, shall be deemed such a representation or warranty.

(c) Prospective bidders should inspect the property before bidding to determine its condition, size and whether or not it has been repaired or restored.

(d) Property may be offered subject to reserves.

2. Any property may be withdrawn by Sotheby's or 100WHF at any time before the actual sale.

3. Unless otherwise announced by the auctioneer at the time of sale, all bids are per lot as numbered in the catalogue.

4. Sotheby's and 100WHF reserve the right to reject a bid from any bidder. The highest bidder acknowledged by the auctioneer shall be the purchaser. In the event of any dispute between bidders, the auctioneer shall have sole and final discretion either to determine the successful bidder or to re-offer and resell the lot in dispute. If any dispute arises after the sale, the sale records of the 100WHF shall be conclusive in all respects.

5. If the auctioneer determines that any opening bid is not commensurate with the value of the property, he may reject the same and withdraw the property from sale, and if, having acknowledged an opening bid, he decides that any advance thereafter is insufficient, he may reject the advance.

6. On the fall of the auctioneer's hammer, the highest bid¬der shall be deemed to have purchased the offered lot subject toall of the conditions set forth herein and thereupon (a) assumes the risk and responsibility thereof, (b) will sign aconfirmation of purchase thereof and (c) will pay the full purchase price or such part as 100WHF may require. 100WHFwill not release a lot to a successful buyer until payment of the total amount due has been made.

If the foregoing conditions and other applicable conditions are not complied with, in addition to other remedies available to100WHF by law including, without limitation, the right to hold the purchaser liable for the bid price, 100WHF, at its option,may either (a) cancel the sale, retaining as liquidated damages all payments made by the purchaser or (b) resell the propertyon three days notice to the purchaser and for the account and risk of the purchaser, either publicly or privately, and in suchevent the purchaser shall be liable for payment of any shortfall between the original sale price and the price achieved uponresale, all other charges due hereunder and any incidental damages.

7. Payments for purchases must be made in Sterling and in the following forms; cash, cheque (backed by cheque guarantee card) and all major credit cards.

8. In the case of commission bids or bids transmitted by telephone, Sotheby's and 100WHF are not responsible for errors or omissions arising out of or resulting from mechanical difficulties or failure.

9. In no circumstances will Sotheby's or 100WHF rescind any purchase made or refund the amount paid in respect of any lot.

10. Neither shipping nor delivery costs are included in the price at which a lot is knocked down by the auctioneer to the buyer.

11. These Conditions of Sale, as well as the purchaser’s, 100WHF and Sotheby’s respective rights and obligations hereunder, shall be governed by and construed and enforced in accordance with the laws of England and Wales. By bidding at an auction, whether present in person or by agent, commission bid, telephone or other means, the purchaser shall be deemed to have consented to the exclusive jurisdiction of Courts of England and Wales.

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