EFTA01119261.pdf

Valuations 10/31/13 EFTA01119261  LE and Rented Entaies InveslmeM Summary 10/31/13 Cash & Equinlants Southern Financial LW- (see note below) 14,507.666 J.Epstein 2,612.552 HAZE Trust 6603545 FT Real Estate Southern Trust Company 29,206,256 JoePen& 36.673.178 J,Epsrnin \.n Foundation 4652.391 Total Cash 8 Equivalents 94,657.610 Less Cash in Operating Accounts (2.098564) Cash in Foundations (4.652.391) (6.750.955) Total Available Cash 8 Egunalems 87.906,855 JP Morgan Trading Account (MBS,foreign securities. DenvInes)- SFLLC See Noto A 34 463,100 L Cameron Trading Account (cash, securities. Der carves)- STC 4612.134 Marketable Securities -(fmv) Southern Financial LLC- (see note below) 50,280,945 Southern Trust Company 5O65,500 HAZE Tram 15.780,754 JeePers 1,548,379 72,675578 Accrued Interest 531,935 Investment American Yacht Harbor (per JEE) 1,000,030 Settlements Receivable -DBZ 17,128,370 Partnership Investments 107.203,935 (see attached schedule) Total • 325 521 937 r lue Above 325,521.907 Adjustments' Operating Cash 2,096,564 Loans Receivable 2,502,651 Total per attached valuation schedule 330.123.122 • Imadmen! partnerships are subject to various restrictions on withdrawals. and therefore 330.123,122 the timing of availability of funds veil be so firmed. NOTE A. This reflects derieitnes.M8S and foreign securities for Paul Barrett to terminate. The remaining Sa9CUMies and cash were transferred to Deuldie Bank. EFTA01119262  J EPSTEIN • RELATE() ENTITIES VALUATIONS CA314. LMBILITIES,INVESTMENTS Y3041 3 291Ahom Finimtlal I IF 0400/13 1041/13 01101/13 YID Octal:4r ACCOUNTS VALUATION PERFORMANCE Cash 15,296.109 14,507,465 Securnos 4764%053 50.280.945 Ana 440,237 30%212 JP Mapin Sots 13.349.443 34.463.100 INVESTMENTS TUDOR FUTURES 13,123,697 13,213,548 12,578,999 504% 069% POGNISFEDOE CAPITAL 19,433,323 19.596.506 18,614,993 4 44% 065% SEAR STEARNS Anal °WIWI Socutos (7/31/09 nit 331,882 331,442 asteataiThiliSeaUtami Cain 20,743,376 29047.150 Sacurlis 4,449,460 5065.503 0174, E1sMAccovnts 45,932 161,076 AIM Soktons (at ma0 625,603 750,60) JPIA • Account Managed by Lam% Carman 4,363.928 4612.134 Sectlemenb JEERERS DO ZAIRE SPECIAL OPPURTUNDIE3 FUND 76.6C0,0:0 76000030 aN lisotr'cts Ins banal varawal paymert ma n0 (68.871630) (64.471.830) dutch* Bart-Cash 39472,567 36,873.178 Trading AceOunt 1,536,411 1,546,379 Asern EDIMIn INVESTMENT ATheflatn YUJI Hortc• 1,000,000 160E060 FT Real Enna. Inveslmort in ptshp itt cost 1,600137 +Awn CHECKING/SAVINGS ACCOUNTS 1,251,425 1.037.441 LOANS DUE FROM INDVICUALS 2,201,161 2.45Z1155 CCIIE CLUB NOTE 10040) 14010) BROKERAGE ACCOUNTS JP/4 (Baer Sloane) 41700 207,020 Mal tnc Antcorn (M an Isnb) 1403%020 10000003 (1,260,233 shins Mammon. 645,301 Mom of Set 5 PM. 00714 abet EWA 41.3) BSd1y TrS 6,044 4044 RUE Trust HICSHBRIOGE CAPITAL 36.030,147 35.315.225 34,404,368 465% 085% KIN3 STREET 26.250,04 20,44001 23.276473 9.49% 0.70% Carl 004427 0.007045 Saturnia 15,607,904 15,780654 Amu' a 303,436 223.723 JP Mapanmaega0 necrant TOTAL 314445,105 330,123,122 THESE AMOUNTS DO NOT INCLUDE HOUSES, AIRFIANE.FI)TURES ► OTHER ASSETS EFTA01119263  Reconciliation of large items Value 9T30/13 319,845,195 Partnerships 788,489 see below JPM Trading account- SFLLC (FTC) 1073,617 L Cameron Managed Account 258,206 Securities Southern Financial LLC 1,323,742 Southern Trust Company 115,640 HAZE Trust 163,879 Jeepers 4,621 DividendsAnterest 249,027 Change in loan account 201,5® cash spent : JEE (2,313,937) STC (99,056) L Black Fee 8,503,0C° cash received BSABS 12,199 miscellaneous total 330,123,122 Value 10/31/13 330,123 122 Partnerships SFLLC TUDOR FUTURES 89,901 SFLLC HIGHBRIDGE CAPITAL 165,183 Haze HIGHBRIDGE CAPITAL 306,078 Haze KING STREET 227,327 788,489 EFTA01119264  JEE and Related Enttes Cash Summary 10/3103 Saw Daytona Bank 14.507.868 14,507,868 JEE Bank accounet 1.937.488 2,036,564 JPM (Bear Steams) 667.020 Butterfly 1us1 (Bear Steams) 8.044 2,612,552 JEEPERS Deutche Bank 38873.178 36 873 178 HAZE Trutt Daytona Bank 6)300545 6 803 545 Southern Twat Company DWG. Bank 29,047.180 Bank accounts 161.076 29 208256 Enhanced Eck:can JP1A (Bear Steams) 4,466.826 Bank amours 185,565 4,652,391 Total Caen 04,657 810 91 657.810 tM does nct include wan in JP Morgan tradang account EFTA01119265  JEE end Related DOW Anruble Equity for lnvstnMts 1001113 tmestmeats Ye 10/31/17 at Fee Market Wm SFLLC TUDOR FUTURES 13,213,598 SFLLC HIGHBRIDGE CAPITAL 19.598.506 SFLLC ASS Trust (lest wb•don 7/31,09 FTC races month4 clu.thh-hcri 331,882 HAZE HIGHBRIOGE CAPITAL 36.315.225 RAZE KING STREET 25.485.891 FT Real Estate 21 East 261/1 SSW (at card 920,503 FT Real Estate Columbia Kolchngyat cost) 588.333 STC Adfin Solutions (et costK1.714.285 an of Ser A PM 31) A375 per sh) 750,003 Mod Inc Alrecorn (coat base) (1,260,333 ter common, 695,301 sh Ser 5 Od, 265.714 sh Sr A PM 10,000.000 lOr 203 935 Df3Z- seWimeM This Is based on see blowing assumptions the fund we recognize a vdthdrawel amount payable to Jeerers totaling $70 mtllen 70,04,00) Joap•rs mosived en Wrest of G arms !Wu interest valued at armor 83.8 million vet a 5.x0300 Spatz payment Nan G Dylan equal to the excess of $5 millet) over the aggregate value of all castnartors iscOnd with respect to its investment as of Sept 30. 2014 Japers will rotund OW the IITKIld of any cfseibubobs received by Jeerers after that date until Du tin receives back any payments ma to Wpm. ASsf (Nen is made *tole, Joggers will have no oblgabon to repay OW JEE eel pay 31 million for Zen' Interest in G&W JEE will meow all distnbutens unto 32 million 1.000.003 and the remaining IselbutIons will be derided 50/50 teMeen JEE end Wm This agwnent has not been finagted 76 000 000 The value of Jaspers Ortrershe Interest (Rom G Dubin catiOn Is 31 788 759 • of 8/31113 end $1,801,218 es of 9/30/13) EFTA01119266  Souttenn ffinancial LLC Analysis c4 Mrs aments irreestraint FMV unreaIto.] 10/31/13 Gain(loss) Mk Hertz 12/15/05 5.103.000 distntutons 8111/06 (.160.021) distritutions 12/11/06 (560006) distributons 7/26/07 (440.806) disbibuborts 4/20/11 (1,297.352) dstnbubons 12/12/12 11,3013 9780 88726I) 3.673.663 6 340 949 final ctistntuton MASS 11/29/36 10.004000 distrtunons (3 9792001 6,420,003 331 882 (5 688,918) Habit/162e Cabral Corp 1/11/01 25.800.503 distntutens 2/28/06 (25 CO0 OCO) 19,598,506 19,5965% The reprnerter the bib of Ficintndge Cams Corp and 116 MulinSbalsoy Ho n%% Ltd Tudor 1/3001 5.030.003 1/14/13 distribution (4 193,300) 606.700 13 213,596 12 406 898 4/29102 emoted 10000.000 8/30432 rented 10.000000 12/2/02 invested 33.030.1:00 &VW rivet/ea 10.000,000 1/105 )lre1100 20,30:03 12121/12 dstrturron (6.541.292) 4/12113 dsolitnion (9.811,936) 8/25/13 astrini.1ton (26.185,169) 9/23/13 datrzoincn (16.353231) 21,12(370 Balance morn-able from Fortress 111 70 O62-astSwina4 The te •on the fol •a the fund eel recognize a withdrawn amour: payable to -teepees totaling 370 mPion 70,000000 Jeerers motived an interest of G Dubns Ptah') htersst Willed at OW= 13.8 ma% south a 5.000000 backslap payment /torn G. Dubin fatal to the excess of $5 Sinn user the aggregate statue of all datilasitune waived nab respect to this investment as of Sept 30. 2014.Je•pars will refund Dubin tM amount of any chstnbubons maned by Jeerers after that dab until Dubin tennis back a ry payments made to Jeepers. Alter Cubn is made Ve1010, Joinders it/di have no Obrealion tl lonif Du5n JEE via Ply 31 melon for &erns interest in Cabin. JEE we rerceree all de/Auto/is urea S2 million 1.000,000 and Ina ruining distntutona will be tided 50/50 %twee JEE and Nen The aprieunent has not been limhzed The vette of ts rniershi int from G Dubin run 16 1 789 104 sof 8/31/13 and 1 EFTA01119267  Haze Tunt Analysis of Investments Investment FMV unmated 10/31/13 Gain(lose) Highbndge Capital 4/2099 10,041,666 36,315225 26273.559 This represents the total of Highbridge Capital Corp. and HB Multi-Strategy Holdings ltd. King Street 11/1/99 10,000,000 7/2610 50% redemption (20,090,787) (10,090,787) 25.485,891 35,578,678 EFTA01119268  ENHANCED EDUCATION 10/31/13 PARTNERSHIPS& TOTAL CASH SECURITIES JP Morgan (Formerly Boar Stearns) 4281263 4,281,263 BANK 185,565 185,565 TOTAL 4,466,828 4,466,828 EFTA01119269 EFTA01119270 idMolvand w auswiSte Wan :1 awn MOP° handl iod woven eq....idol' vs nom nom Nonni too pase. M 1.00nt 93/6C/II U.tWwni9$ Wad PM stunts MO $21COYCCOVIS Onomn Oa rS85 Sl Mt niIf Trrt ion COWLS IOW LT 11/1/0t 5.1001T $010011 WOINS IteStZT TellSrLI WM SMELT wttret Cl//L 6'9MT Ittrett II/049 101COTI 1071017 MK stunt wizen It/Stit WIRE( IZISCht tIME Want ECLWET WM CO'NOT 0014SIT ti/t/[ mont inont tvoutt 101tOSI POSIVSI MOM n -twit MOINE IffiliOt aunt OEtt/f.t Ilitt/S WCOM ittOVIn ti/Wt 0619flt %In WM WW1' %IWO ti/E/9 ItiCOWU Groom ZTAIS Watt! WWI! ittl/P l'Araal Orate WWI %MVOS %tat MIA W10011 tenni it/E/[ *TWO Willa I MU IX'li nt Kara I Vent SCOWLS 9['HIM TEAVOI trOltIn trOtal WWI 6TVWSI ITOOTSt WINI SMCI SCOIYIn ti//L %C51911 .11111II IUS/t OF/SSIZ Want ti/fa stunt srant gimp COMM OCCTE9I Wen TS9961it UNICE TIM /I'M'S! [flint I PON WWI [Mtn Is (15t: WOVE airing trItTSZ main SSVEM STOCCU OVOttt IFIZVOt Want OIM/OT MIME tonal OT//d 1011011 IWZIOtt NAHA WHICII SEIKO °MIL WPCSt tents: OK/d9 'lila/ Inlit92 OVOIX Tint! ICETVIZ Win tflOVILI COlOrtt °WE WEI.Ott Klatt OIMZ OCUOtt OF EttYSI Mit 0015t11 0011INS liWint COITLIt CatteSt SOIttill 00ittit 0011(LP KIWI 00'llall 001104 v non WOW ovens COOKS 10/a/g 001.0). 031W9f WON 001019 Catft7, SWUM WHO( OrPTIltf 60/OZA 000011 0700IL IWti/i OCCOLVEL 030014 IlOatitt 0754-51 0015011 IKI/Sint warts Ceratlf NAVIN °Matti 031ISIM SAM OYSTWOTT oolwott 'MO OOitLOtt Cal (Mt lOtIth Onaltt OcUrStt 10/91/9 0010C1.1 OCriatila OOtot/S OCrUital 07LOCOZ SOMA 0711030 OTStlintt 110ftlit OrWeLVOrt 00162%101 Mit anus dvismand Mg Oillanad RR 3.13 06 430.11nomn41490 snoirooS Pont men. nap  mCaI L LC lostobs Date Cluny Secunty 1091/13 9/3003 October purchased Value Value Unmanned 2/3/12 DB 46,600 ALLY FINANCIAL INC 812% PFD 1,258,200.01 1,247,948.00 10,252.01 2/W12 DB 80,000 ALLY FINANCIAL INC 812% PFD 2,159,999.99 2,142,400.00 17,599.99 2/14/12 DB 7.535 ARIAD PHARMACEUTICALS INC 16,577.00 138,644.00 (122,067.00) 124/13 DB 9,000 ARIAD PHARMACEUTICALS INC 19,800.00 165,600.00 (145,800.00) 10/28/13 DB 20:00 Apple, INC 1,c68.120 CO 1,045,404.00 (12,716.00) 1/16/01 D8 70,500 Assn Retail Group inc. (Formerly Dress Barn 1.3.11) 1,305,195.00 1,405,055.00 (9,870.00) 1/10/11 DB 2,000,000 BANK OF AMERICA 81/8% pfd STK DEC 29, 2049 2235,000.03 2,208,740.00 26,280.03 4/3/13 DB 300,000 BARCLAYS BANK PLC 7.750%04/102023 DT 316,875.00 308,712.00 8,163.00 2/14/12 DB 2,095 BIOGEN IDEC INC 511,578.05 504,392.20 7,185.85 7/1007 DB 20,000 Bonslarder 90,917.74 93,199.72 (2,281.96) 7/12/10 DB 50,000 Deutsche Bk Ag LDN BRH 415,500.00 418,500.00 (3,000.00) 10/23/12 DB 930,003 EARTHUNK INC 8 7/8% MAY 15 2019 522,503.00 580,272.00 12,228.00 10/22/12 DB 400,000 EARTHLINK INC 8 7/8% MAY 15 2019 395,003.00 386,848.00 8,152.00 5/17/12 DB 17,500 FACEBOOK INCA 878,587.50 879,025.00 (437.50) 6/27/12 DB 2,000,000 GENERAL ELEC CAP CORP 7.125% DEC 15 2049 2,230,003.00 2,194,180.00 35,840.00 5/29/13 DB 1,400,000 General electric capital corp 5.25% 12/31/2049 1,337,000.00 1.288.336.00 48,864.00 4/23/13 DB 23000 GENERAL ELECTRIC CO 801,220.00 549,470.00 51,750.00 12/9/10 DB 63,000 General Motors Co CV PFD 3,233,159.99 3,159,450.00 73,709.99 11/18110 DB 8,000 General Motors Co CV PFD 410,560.01 401,200.00 9,360.01 2/22/12 DB 80,000 GMAC CAPITAL TRUST I PFD STK 81/8% 2,148,800.00 2,140,030.00 8,800.00 10/22/12 DB 1,000003 HEADWATERS INC 7.62504/01/2019 DTD 03/11/2011 1,065,000.00 1,050,033.00 15,80300 7/14/05 DB 21,753 JP Morgan Chase 8 Co. 1,121,149.62 1,124,412.57 (3,282.95) 4/25/13 DB 49,505 JPM LATIN AMERICA FD 922277.22 903,465.34 18,811.88 7/9/13 DB 78,709 JPM VALUE ADVANTAGE FD 2,099,173.56 2,017,316.03 81,857.53 7/22/13 DB 750,000 JPMORGAN CHASE S CO VAR RT 07/24/2013 DTD 07/29/2013 725,625.00 705,900.00 19,725.00 8/15/11 DB 2,500,000 JPMORGAN CHASE S CO 7.9% PFD STK APR 30 2049 2,758,250.03 2,757,950.00 (1,400.00) 6/15/11 08 2,500,000 JPMORGAN CHASE & CO 7.9% PFO STK APR 30 2049 2,756,250.00 2,757,650.00 (1,400.00) 10/24/12 DB 40,000 ROYAL BANK SCOTLAND GROUP PLC 962,799.99 939,930.00 23,199.99 1/14/13 DB 40,030 ROYAL BANK SCOTLAND GROUP PLC 962,799.99 939.800.00 23,199.99 1/7/13 DB 40,000 ROYAL BANK SCOTLAND GROUP PLC 962,800.02 939,600.00 23,200.02 5/28/13 DB 50900 SANGAMO BIOSCIENCES INC 469,003.00 524,500.00 (56,500.00) 1/24/13 DB 1,500,000 SERVICEMASTER COMPANY 8% FEB 15 2020 1,537,500.00 1,492,500.00 45,000.00 225%3 DB 1,000,000 SERVICEMASTER COMPANY 8% FEB 15 2020 1,025,000.00 995,030.30 30,000.00 1/30/12 DB 3,080,000 SOUTHERN CAL EDISON 61/4% DEC 31 2049 3,135,000.00 3,103,110.00 31,893.00 3/31/11 DB 267.157 Applea:Cal Wanacemerc LLC 8,489,444.82 7,436,816.82 1,052,628.00 50.280,944 51 47,899,082.68 1,323,741.83 EFTA01119271  Southern Trusl Company security positions Date Quantity Security 10/31/13 9(30/13 October Value Value Unrealized 6/11/13 DB 57.003 AN Financial 8.5% Pld SPA 1839600.00 1,528480.00 12,540.00 3/13/13 DB 1.000,000 HSBC BRL Step-Up 3/271465% Barner-S% coupon -28.5%(initial fx ale 1.9819) 888,500.00 822,00000 66,503.00 45/13 DB 1.070,000 HSBC BRL Step-Up 4/21/14 85%Banier-S% coupon -28.5% bulbul its rate 2.0335) 908,030.03 848,400.00 61,600.00 9/17/13 JPM 2.000,030 Polities De Venezuela 5% 1026/15 incomoo 1,755,000.00 (25,000.00) 5,065,503.00 4.9419.860.00 115,64000 Jaspers, Inc security positions Dale Quantity Security 70/31/13 000.'13 October Purchases Value Value Unrealized 02/13/13 DB 153,304 811 JPM Trust FLT RT Income fund 5.347.00 1,548.3/9 C 1 5:8,4'1 00 4 621 00 EFTA01119272  HAZE Trust security positions Date Quantity Security Purchase (sales) 10,31/13 9130113 October Purchases Value Value Unrealized 05/10/11 DB 3.000.000 Bank of America 8.125% Pfd 12/29/2049 3,352,500.00 3,313,110.00 39,390.00 05/10/11 DB 3,000,000 JP Morgan Chase 7.9% Pfd 4/302049 3,307,500.00 3,309,180.00 (1.680.00) 05/10/11 DB 1,200,000 Peabody Ennergy Corp Sr Notes 7.375% 11/1/2016 1,350,000.00 1.344,000.00 6,000.00 10/02/12 DB 500,000 'payment Inc 10.25% 5/15/2018 385,000.00 350,100.00 34,900.00 10/02/12 DB 1,000,000 Kindered Healthcare Inc 8.25%6/1/19 1,075,000.00 1,060,000.00 15,000.00 5/10/11 DB 328,409.870 JPM High Yield @8.41 12,421.09 2.699.529.00 2,637,847.00 49,260.91 01/22/13 DB 204,649.713 JPM Tr Flt Rate 4.24% @10.09 7,137.85 2,066,967.00 2,045,503.00 14,326.15 5/10/13 JPM 1,229,477.00 GSR Mortgage Loan 2005-5FCCL B1 5.7598% (7,933.43) 1.013.667.07 1,010,915.00 10,685.50 5/10/12 JPM 681,547.00 Chase Mtg Fin Corp Ser 2007-A1 d 12A3 5.5595% 3/25/37 (2,654.57) 530,590.91 537,249.00 (4,003.52) Total Securities 15,780,753.98 15,607,904.00 163,879.04 EFTA01119273  For the Period 10/1/13 lo 10/31/13 Equity Detail ~sted, Celt Unrealized Est. Annual Inc. Price Quantity Value ina Gain/Loss Acaued Div. Yield Non-US Equity ACCOR SA 44.88 8,750.000 392,734.06 337,612.87 55,121.19 ISIN FR0000120404 SEDOL 5852842 F00189-90-6 UR ADECCO SA-REG 73.93 4,800.000 362,271.54 339,22024 23,051.30 MIN CH0012138605 SEDC1. 7110720 HC0392-920 HF AUTCIGRILL SA 9.00 21,400.000 192,597.62 V- 150,262.96 42,334.66 ISIN R000113734 SEDOL 5258206 16347V-91-5 UR BNP PARIBAS 74.15 5,000.000 370,735.65 329,132.36 41,603.29 ISIN FR0000131104 SEDOL 7309681 F07875-90-3 UR CARREFOUR SUPERB/Inge 36.68 10,500.000 365,132.74 329,19698 55,935.76 ISIN FA0000120172 SEDOL 5641587 F13923-90-3 UR COCA-COLA HOC AG 28.95 11,300.000 327,145.52 331,777.88 (4,632.36) ISIN CH0198251305 SEDOL 8989587 588874-91-7 BP COMPAGNIE DE SARIT•GOBAIN 52.67 8,750.000 rt. 355,548.33 319,967.65 35,580.68 ISIN FR0000125007 SEDOL 7380482 F80343-95-1 UR LA T FlIAPORT AG 77.73 5,000.000 388,647.06 327,646.17 81,000.89 ISIN DE0005773303 SEDOL 7107551 1338.56U-90-0 UR S A JP Morgan aP rroHlia Consolidated on Statement Page 8 EFTA01119274  &Waled Cost Unrealized Est Annual Inc. Price Quantity Value anginal Cost Gainitoss Accrued ON. Yield Non-US Equity INTESA SANPAOLO SPA 2.49 152,000.000 378365.09 386204.45 (7,839.36) MIN 80000072818 SEDOL 4076836 T1700N-90.1 UR LLOYDS BANKING GROUP PLC 1.25 291,000.000 362,468.44 343600.28 18,868.16 ISIN GB0006706128 SEDOL 0870612 691101-10-8 BP RENAULT SA 67.70 4,000.000 350,805.38 317,870.23 32.935.15 ISIN FRC000131906/SEDOL 4712798 759994-90-8 UR WORLD DUTY FREE SPA 11.09 21,400.000 237,40121 183,560 52 53,840.79 ISIN r10004954662 SEDOL BDSV5Z5 45545W.91.6 UR Total Non-US Equity 84,103,652.74 33,696,052.59 $407,800.15 $0.00 0.00% European Large Cap Equity HSBC CONT BUFF EC) SXSE 08/29.14 106.43 2,000,000.000 2,128,600.00 2,000,000.00 128,600.00 80% EKO BARRIER- 4%CPN 17% CAP INITIAL LEVEL-0924/13 SX5E:276429 404.32X-FP-1 JPIA CONT BUFF ECI SX7P 10116/14 101.00 1,000,000.000 1,010,000.00 1,000,000.00 10,000.00 85% CONTIN BARRIER- 01.CPN 25% CAP INITIAL LEVEL-09/24/13 SX7P:186.77 48126N-VE-4 Total European Late, Cap Equity $3,138.1300.00 33,000,000.00 $138,600.00 $0.00 0.00% J.P.Morgan Page 6 of 30 Consolidated Statement Page 9 EFTA01119275  For the Period 1011(13 to 10/31/13 Adjusted Cost Unrealized Est. Annual Inc. r Value Dogma] Cost GainA-oss Accrued Dee. Yield Preferred Stocks VOLKSWAGEN AG PFD 253.55 1,400.000 354,965.45 340,287.60 14,677.85 {SIN DE0007864039 SEDOL 5497160 928662-92.3 UR Page 7 of 30 Consolidated Statement Page 10 J.P.Morgan EFTA01119276  Alternative Assets Summary Beginning Encino Change Current Asset Categories Estimated Value Estimated Value in Value Allocation Had Assets 1,792.473 02 1.648.916.88 (143,856 14) 5% Alternative Assets Detail Estimated Price Quantity Value Cost Hard Assets SG MARKET PLUS WTI CRUDE 0625/14 98.55 2,000,030.000 1,991830.00 2008000.00 LNKD TO CL1 76.75% BARRIER• 10%CPN ,UNCAPPED INRIAL LEVEL-07/25/13 CLI:105.66 78423E-HS-6 WTI CALL OPTION 1.00 250600 95,171.84 562,500.00 USD PUT OPTION STRIKE 110.00 EXPIRING 02/142014 250,000 BARRELS OTCBDC•PH4K J.P.Morgan Page 8 0130 Consolidated Statement Page 11 EFTA01119277  .49 For the Period 10/1/13 to 10131/13 Estimated Pose Gunn t, value Cost Hard Assets WT1 PUT OPTION I 00 (2500O'0) (437,256 96: (562,500 00) USD CALL OPTION STRIKE 93.50,10 ( EXP 83.50 EXPIRING 02/14/2014 250,000 BARRELS OTCBOP•KG-F Total Hard Assets $1,648,916.88 $2,000000.00 Page 9 at 30 Consolidated Statement Page 12 J.P.Morgan EFTA01119278  -C” Adjusted Cost Unrealized Est. Annual Income Price Quantity Value anginal Cost Gaintora Accrued Interest Yield US Fixed Income LLOYDS BANK PLC 119.69 1,500,000.00 1,795,290.00 1,627,500.00 167,790.00 148,125.00 6.66% MTN 97/8% DEC 16 2021 129,609.00 DID 12/16/2011 HELD BY EUROCLEAR ISIN XS0717735822 SEDOL B7FOXT1 G47153-90-3 BBB /BA1 GLOBAL MORTGAGE SECURITCCATION 94.47 3,127,10592 2,954,063.15 2,876,937.44 77,145.71 164,173.06 6.44% 2005•A CL B2 5250%04/25/2032 13,681.08 DTD 04/28/2005 378961-AV-8 S. CPA SEQUOIA MORTGAGE TRUST 78.03 1,017,216.18 773,399.63 750,196.94 23,202.69 18,616.61 5.51% 11 CL B1 VAR RT 1220/2032 DTO 10/30/2002 91,54 81744A-AB-4 CCC /CAA COUNTRYWIDE HOME LOANS 94.18 1,234,236.35 1,162,132.26 1,178,695.71 (16.563 45) 70,968.59 599% 2003-1 CL 81 5.750% 03022033 DID 01/01/2003 5,913.22 12669D-YS-1 STRUCTURED ASSET SECURITIES CO 94.38 893,188.44 842,803.68 893,188.44 (50,384.78) 53,591.30 7.57% 2003-10 CI. B2 6.000%04/292033 DTO 0308/2003 4,485.94 88359A-OW-6 CCC / COUNTRYWIDE HOME LOANS 2003-26 CL 81 64.97 1,310,426.81 851,410.51 1,009,026.64 (157,618.13) 6,995.42 6.44% 5.33884% 08/25/2033 OTD 06/01/2003 12669E-RR-9 581.82 1MPAC CIAO TRUST 82.92 1,511,00791 1,259942 87 1,053,928.02 199,014.85 14,0