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QVT Financial LP
> JRT
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 09/30/2008 | JER Investors Trust Inc | JRT | 18,300 | 18,300 | 88,000 | 88,000 | $4.81 |
| 06/30/2008 | JER Investors Trust Inc | JRT | 18,300 | 18,300 | 115,000 | 115,000 | $6.28 |
| 03/31/2008 | JER Investors Trust Inc | JRT | 18,300 | 18,300 | 155,000 | 155,000 | $8.47 |
| 12/31/2007 | JER Investors Trust Inc | JRT | 0 | -102,800 | 0 | -1,280,000 | |
| 09/30/2007 | JER Investors Trust Inc | JRT | 102,800 | 0 | 1,280,000 | -262,000 | $12.45 |
| 06/30/2007 | JER Investors Trust Inc | JRT | 102,800 | 0 | 1,542,000 | -413,000 | $15.00 |
| 03/31/2007 | JER Investors Trust Inc | JRT | 102,800 | 0 | 1,955,000 | -170,000 | $19.02 |
| 12/31/2006 | JER Investors Trust Inc | JRT | 102,800 | 0 | 2,125,000 | 361,000 | $20.67 |
| 09/30/2006 | JER Investors Trust Inc | JRT | 102,800 | 0 | 1,764,000 | 165,000 | $17.16 |
| 06/30/2006 | JER Investors Trust Inc | JRT | 102,800 | 50,000 | 1,599,000 | 721,000 | $15.55 |
| 03/31/2006 | JER Investors Trust Inc | JRT | 52,800 | 52,800 | 878,000 | 878,000 | $16.63 |
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