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70% of the funds listed as Alternative Investment Funds in the Wall Street Journal have a monthly NAV. For each of those funds, during the period between the 1st of the month and the date of the publication of the NAV (generally 2-4 weeks) the 12 months return figure published by the Wall Street Journal in its "ALTERNATIVE INVESTMENT FUNDS" table, is wrong and corresponds to the performance of the past 11 months, and the 2 years return is also wrong and corresponds to the performance of the past 23 months. D'Auriol Asset Management SA has been asking the WSJ for the past 12 months without success to act to correct this error.

Lipper who is responsible for the data, made the following answer to its request: "Although the current methodology is satisfactory for the vast majority of clients (i.e., all except D’Auriol & Integrated) I have raised the fact that 2 clients are dissatisfied, with our UK Data Manager, & will have a further response for you – any change to the methodology (aside from being very difficult to implement) would impact all clients on the Alternative Listings, & the vast majority are satisfied with the current methodology."

D’Auriol Asset Management SA manages in Switzerland since 1998 assets from institutional and private clients looking for absolute return. It started and manages “d’Auriol Alternative SPC” a fund of funds of hedge funds of 70 mios EUR which low volatility strategy returned 10% per year since 1......................

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