hi david. my thinking is that in a v difficult year the g7 hedge fund has returned approx 11% and it makes up 73% of port - its never had a down month. i dont have figs for the alpha fund at mo but would be surprised if didnt manage some growth between now and march 06 as its a good quality, if conservative, fund. therefore, on a v back-of-the-envelope calc, i reckon that they will get to cover the zs.
change of subject. is there a website for your matrix hedge fund?
also, glad to see you like gen. its due an up year!