WEDBUSH SECURITIES INC.

NEW YORK, New York, United States

Funds Served

Total GAV

$3.3B

Funds

Fund Name	Adviser	Type	GAV
KAI VOLATILITY MULTI STRATEGY SERIES	ARB FUND MANAGEMENT LLC	Hedge Fund	$9.2M
KAI DIVERSIFIED ALTERNATIVES SP	ARB FUND MANAGEMENT LLC	Hedge Fund	$5.7M
KAI LONG VOLATILITY SP	ARB FUND MANAGEMENT LLC	Hedge Fund	$4.1M
303 PROPRIETARY TRADING LLC	THREE ZERO THREE CAPITAL PARTNERS, LLC	Hedge Fund	$3.2M
KAI LONG VOLATILITY SERIES	ARB FUND MANAGEMENT LLC	Hedge Fund	$3.1M
KAI DEALER FLOW ALPHA GEN SERIES	ARB FUND MANAGEMENT LLC	Hedge Fund	$3M
KAI DEALER FLOW ALPHA GEN SP	ARB FUND MANAGEMENT LLC	Hedge Fund	$2.2M
ROBOSIG FX ALPHA GEN SERIES	ARB FUND MANAGEMENT LLC	Hedge Fund	$2.1M
KAI VOL NEUTRAL ALPHA GEN SERIES	ARB FUND MANAGEMENT LLC	Hedge Fund	$1M
KAI VOL NEUTRAL ALPHA GEN SP	ARB FUND MANAGEMENT LLC	Hedge Fund	$994.3K
LLM ALPHA CAPITAL LP	SHORT CLIFFS CAPITAL LLC	Hedge Fund	$500K
JGB CAPITAL OFFSHORE LTD. - CLASS AS	JGB CAPITAL MANAGEMENT L.P.	Hedge Fund	$417K
JGB CAPITAL OFFSHORE LTD. - CLASS AS	JGB CAPITAL MANAGEMENT L.P.	Hedge Fund	$417K
JGB CAPITAL OFFSHORE LTD. - CLASS AS	JGB CAPITAL MANAGEMENT L.P.	Hedge Fund	$417K
BLUE HORSESHOE STRATEGIC EQUITY FUND SERIES	ARB FUND MANAGEMENT LLC	Hedge Fund	$260.1K
BLUE HORSESHOE DERIVATIVE AGILITY FUND SERIES	ARB FUND MANAGEMENT LLC	Hedge Fund	$236.7K
LLM ALPHA CAPITAL LP	SHORT CLIFFS CAPITAL LLC	Hedge Fund	$200K
LLM ALPHA CAPITAL LP	SHORT CLIFFS CAPITAL LLC	Hedge Fund	$200K
LLM ALPHA CAPITAL LP	SHORT CLIFFS CAPITAL LLC	Hedge Fund	$200K
BLUE HORSESHOE ENERGY MATRIX FUND SERIES	ARB FUND MANAGEMENT LLC	Hedge Fund	$158.7K