Exhibit (a)(1)-8
Merced Partners Limited Partnership
Statement of Financial Condition
June 30, 2003
(Unaudited)
ASSETS
Cash and cash equivalents $ 55,427,432
Accounts receivable 269,292,553
Securities owned, at fair value 577,417,239
Other assets 229,455
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Total Assets $ 902,366,679
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LIABILITIES AND PARTNERS' CAPITAL
Securities sold but not yet purchased, at fair value $ 270,916,146
Accounts payable and other liabilities 18,719,435
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Total Liabilities $ 289,635,581
Partners' capital 612,731,098
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Total Liabilities and Partners' Capital $ 902,366,679
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Merced Partners Limited Partnership
Statement of Financial Condition
March 31, 2003
(Unaudited)
ASSETS
Cash and cash equivalents $ 53,043,357
Accounts receivable 284,663,946
Securities owned, at fair value 509,134,707
Other assets 155,551
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Total Assets $ 846,997,561
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LIABILITIES AND PARTNERS' CAPITAL
Securities sold but not yet purchased, at fair value $ 266,092,990
Accounts payable and other liabilities 8,905,565
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Total Liabilities $ 274,998,555
Partners' Capital 571,999,006
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Total Liabilities and Partners' Capital $ 846,997,561
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Merced Partners Limited Partnership
Statement of Financial Condition
December 31, 2002
(Unaudited)
ASSETS
Cash and cash equivalents $ 52,790,243
Accounts receivable 239,444,183
Securities owned, at fair value 496,182,675
Other assets 246,882
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Total Assets $ 788,663,983
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LIABILITIES AND PARTNERS' CAPITAL
Securities sold but not yet purchased,
at fair value $ 230,467,921
Accounts payable and other liabilities 33,130,343
------------
Total Liabilities $ 263,598,264
Partners' capital 525,065,719
------------
Total Liabilities and Partners' Capital $ 788,663,983
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Merced Partners Limited Partnership
Statement of Income and Expenses
Year Ended December 31, 2002
(Unaudited)
Total gross trading revenue (loss) $ 78,497,257
less Operating expenses and fees 9,071,528
Net profit $ 69,425,729
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Merced Partners Limited Partnership
Statement of Financial Condition
December 31, 2001
(Unaudited)
ASSETS
Cash and cash equivalents $ 43,260,433
Accounts receivable 182,154,817
Securities owned, at fair value 323,758,809
Other assets 89,177
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Total Assets $ 549,263,236
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LIABILITIES AND PARTNERS' CAPITAL
Securities sold but not yet purchased, at fair value $ 174,715,251
Accounts payable and other liabilities 11,925,975
------------
Total Liabilities $ 186,641,226
Partners' capital 362,622,010
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Total Liabilities and Partners' Capital $ 549,263,236
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Merced Partners Limited Partnership
Statement of Income and Expenses
Year Ended December 31, 2001
(Unaudited)
Total gross trading revenue (loss) $ 53,854,169
less Operating expenses and fees 5,512,226
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Net profit $ 48,341,943
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