EFTA02613500.pdf

From: Paul Barrett Sent: Tuesday, November 27, 2018 10:05 PM To: Cc: Richard Kahn Subject: RE: Sell - Floating Rate Income Fund Well received Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 11th Floor, New York, NY 10019 646-876-5277 (o) 6M) From: J [email protected]> Sent: Tuesday, November 7 2018 4:52 PM To: Paul Barrett Subject: Re: Sell - oating ate ncome un sell On Tue, Nov 27, 2018 at 5:15 PM Paul Barrett wrote: Hi Jeffrey Seeing further weakness here. Sure you don't want to sell? NAV has dropped from 9.30 to 9.26. EFTA_R1_01811034 EFTA02613500 Initial Investment Date Current Value Total Gain Annualized Return Southern Financial - Fl Fund - DB $3,000,000 9/29/17 $3,074,727 $74,727 2.14% Haze Trust - Fl Fund - DB $1,999,716 1/22/13 $2,338,344 $338,629 2.90% Jeepers - Fl Fund - DB $1,499,786 2/13/13 $1,751,668 $251,882 2.90% 2 EFTA_R1_01811035 EFTA02613501 TOTAL $6,499,502 $7,164,740 $665,238 Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 11th Floor, New York, NY 10019 646-876-5277 (o) 646-342-6930 (c) From: Paul Barrett Sent: Tuesday, November 20, 2018 2:40 PM To: 'J' <jeevacation@ mail.com <mailto:'eevacation@ mail.com» Cc: 'Richard Kahn' Subject: Sell - Floating ate ncome un Jeffrey We own $7.195MM of the JPM Floating Rate Income Fund. This is a daily liquidity mutual fund owning floating rate bank loans. I think we should sell. The fund has a mismatch in offering daily liquidity on illiquid loans and I am worried a flood of redemptions could hurt us. And it is very easy to get back in if we so chose. 3 EFTA_R1_01811036 EFTA02613502 Initial Investment Date Current Value Total Gain Annualized Return Southern Financial - FI Fund - DB $3,000,000 9/29/17 $3,088,009 $88,009 2.57% Haze Trust - Fl Fund - DB $1,999,716 1/22/13 $2,348,445 $348,730 2.99% leepers - Fl Fund - DB $1,499,786 2/13/13 $1,759,235 $259,449 3.00% TOTAL 4 EFTA_R1_01811037 EFTA02613503 $6,499,502 $7,195,689 $696,187 The fund is down 1.06% since mid-October. Paul Paul Barrett Alpha Group Capital LIC 142 W 57th Street, 11th Floor, New York, NY 10019 646-876-5277 (o)a) 5 EFTA_R1_01811038 EFTA02613504  please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of _WE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 6 EFTA_R1_01811039 EFTA02613505