EFTA01118143.pdf

Valuation Report 10/31/2014 EFTA01118143  SUMMARY OF ASSETS - OCTOBER 31, 2014 9/30/14 10/31/14 $ Asset Value Value Change Cash 144,227,202 233,514,622 89,287,420 Fixed Income 57,864,373 57,800,676 (63,697) Equities 43,011,160 44,109,757 1,098,597 Equity Options 1,542,000 0 (1,542,000) Equity ETF's 3,139,200 3,229,200 90,000 FX - Options & Derivatives 262,918 398,286 135,368 Currency 368,632 0 (368,632) Hedge Funds 105,406,519 41,297,708 (64,108,811) Investments 18,865,998 18,319,398 (546,600) Aviation, Automobiles & Boats 15,400,000 15,400,000 Loans Receivable 747,446 747,446 - Fine Arts, Antiques & Jewelry 7,500,000 7 500 000 0 Total Assets 398,335,448 422,317,092 23,981,644 Cash Activity - Items over 50,000 Highbridge redemption - Haze 38,485,360 ridge redemption - SFL 20,785,189 a - DB Zwirn payment Leon Fee 4,375,302 25,000,000 Dividends, interest Income & Other Distributions - per SFL stmt 515,475 Kyara I return of proceeds (100k return of cost basis + 201k profit) 301,100 Sale of ML options I 1,078,463 Euros from brokerage to custody account 368,632 Redemption of JPM Contingent Buffered Equity 1,012,047 Purchase of 49,033 shares of Citibank Preferred Ser C 5.8% (1,188,315) Monthly Spending (1,350,000) Miscellaneous (95,832) Total Cash Activity - Items over 50,000 89,287,420 EFTA01118144  Deutsche First BNP Paribas Wells Asset Description Bank Bank UBS & MJ Escrow Fargo Totals Cash Southern Trust Company 93,550,306 555,199 94,105.505 Southern Financial LLC 56,774,825 56,774,825 Haze Trust 47,348,340 47,348.340 Jaspers Inc. 24,556,507 372 24.556,879 JEE 2,972,090 491,719 1,979,584 5,443,394 Enhanced Education 2,026,044 308,311 2,332.355 FT Real Estate 1,348,380 1,346,380 NES LLC 278,432 278.432 LSJE LLC 246,736 246.736 JEGE LLC 215,779 215 779 Zorro Development Corp 71,007 140,935 211,942 JEGE Inc. 203,308 203,308 Cypress Inc. 125,206 125,206 Hyperion Air LLC 82,930 82,930 JEE - Paris (US $) 80,934 80,934 Nautilus Inc. 88,670 68,070 Thomas World Air LLC 39,757 39,757 Neptune—LLC 15,773 15,773 Plan D LW 10,400 10,400 Maple Inc. 10,155 10,155 Butterfly Trust 8,055 8,055 Michelles Transportation Co LLC 7,357 7,357 Laurel Inc. 1,304 1,304 The JEE Life Ins Trust #3 206 206 Total Cash 228,114,002 3,199,167 1,979,584 80,934 140,935 233,514,6= EFTA01118145  Purchase Quantity 9/30/14 10/31/14 Unrealized Asset Description Date Cost Value Gslue Gain (Loaf Haze Trust - Fixed incoliie Bank of America 8.125% PM 12/29/2049 05/10/11 3000,000 , 3389,621 3,338,906 3,381396 -2225 inioigeri-eiriasTA t Oki 4/30040 —iitilbifi 1000200 3237.958 3,346.250 3,25U80 -862-C1 6- Peabody Ennergy Corp Sr Notes 7.375% 11/1/2016 05/10111 1200,000 1.264.664 1,308,629 1,280,250 15,586 'payment Inc 10.25% 5/15/2018 10/02/12 500.000 —7675:62t 460,469 443,632 -17,195 JPM Tr Fit Rate Income Fund 01/22/13 213.308.357 2,152.009 2,110,078 2118,152 43,857 GS Mortgage Loan 20054FCCL B1 5.739596 3W3M-7,1067600.00 1,185165 1,171,514 1169,061 3,496 Citibank Preferred Set C 5.8% 10/28/14 49,033.00 1,180,739 - 1 188 315 7.576 Citibank I ftirred Sew K 6.875% — 213/14 79,000.00 1.999.419 j180.860 2, 4. 114.621 total Haze Trust-Fixed Income 14,656:66ra3.7 -ff 14.932,096 -18,706 Southern Trust Co. - FindIncome My PinancalTA Pfd erA 6/11113 57,030 1,429,418 1,535,010 1.509,360 . 79943 Nationwide SoZely 6.875% GBP callable 8120/2019 4/15/14 2,000,000 3,439.193 3,258,138 3,285,143 - - -154, 60 Petioles De Venezuela 5% 10/26/15 9/17/13 1,000,000 1189.481. L767.222 M„Re6 -118.925 Total Southern Trust Co. -Fixed Income 6,758.092 6,550,370 6,565,059 -193,033 ampere - FixedIncome JPM Trust Fr RT Income fund 02/13/13 159.790.724 1,609,119 1,580,673 1,586,722 -22,397 Total.leepers - Fixed income 1.609.119 1,580,673 1,586,722 -22,397 rn Sout ern Mandel LLC • FredIncome Bank of America 8.125% Pfd Dec 29 2049 1/10111 2,000,000 2,065,000 2,225,938 2, 442,931 189,931 Barclays Bank PLC 7.75% 4/10/2023 4/3113 300.000 300,000 335229 330.231 30,231 Earlhink Inc 8.875% May 16 2019 10/22/12 400 000 410,444 411 313 405 369 -5 074 Earthtlnk Inc 075% May 15 2019 10/23/12 60000 814.557 61069 --- ilIMI,Cn General Electric C C 7.125% Dec 15 2049 _13/27rg 2 000II00 10p,I32 2,356,563 2 383 833 283 202 Headwaters Inc 7. 4/1 19 - 1=1/ --- 1.MOD, Gl'i,W381 1,080.413 14,63in JPM Cont Buff SX7P 10/16/2014 85% Cont Barrier 25% Cap Intl 9124/13 1,000,000 0 1,061,600 - 0 irrURsimi J organ - mfmsAwinnel49 6/15/11 2,500.000 2,887.500 2,788.542 22-0,375 21,875 JP Morgan Chase & Co Pid 7.9% April 302049 6/15/11 2500000 2,675,000 2 788.542 2.709375 34 375 LBG Capital 12/29/49 5/21/13 3.000,000 3,247.500 3,285.519 3,316,203 67,703 Lloyds Bank 9.875%12/16/2021 5/10/12 1.500 000 1 617,178 1858,729 1,854,198 237,020 Petroles De Venezuela 5% 10/28/2015 9/16/13 2.500:000 361.851 2.196.528 2,213.194 -148,656 Servicemaster Company 8% Feb 15 2020 1/24/13 440.000 459.327 469,700 477,131 17,804 Servicemaster Company 8% Feb 15 2020 2/25/13 1000,800 T,0487804 1.067,500 1.084.389 3631% Southern Cal Edison 6.25% Osc 31 2049 1/30/12 3.000.000 2,994.167 3,297,000 3,302.490 308,323 AllyrEln&I Pfd Ser A Callable 9/3/12 46.600 903.218 1.254.938 1,233068 330,731 My Finanoal Pfd Ser ACallable 2/9/12 80.000 1,610.000 2 154 400 2,118,400 106,400 GMAC Cap TR I GTD PM Sec Ser 2 8 2/22/12 80.000 1,M1,774 2.128.800 2,138.400 255,626 Royal Bank Scotland Group PLC 7.25% Ser T 10/24/12 40.000 951.600 1,010,000 1,014.000 62 400 Royal Bank Scotland Group PLC 7.2.55‘ Ser r 1/7/13 40,000 995,200 1.010.000 1.014,030 1400 'loyal Bank Scotland Group PLC 7.25% Ser T 1/14/13 40.000 linfififl 1.2122:81 1.014.000 WE total Southern Financial LLC - Fixed Income 30,912,732 34,408,721 33,221,896 009,185 Southern Financial LLC • Fixed Income (asset backed securities) fignAbs• Countrywide Home Loans MOH d 81 5.75% V25/03 4/18/13 978,691 913,887 857,165 846,224 47,643 Washington Mutual Mig 2004-RA2 d CBI var 7/26/2033 11/19/13 739,242 W, Total Southern FinancialLLC • FixedIncome (asset backed securities PM 1 507 902 1,494,903 16 378 TOTAL FIXED INCOME 57,864,373 57,800,676 Note: Accrued Interest has been Included in month end fixed Income values EFTA01118146  Purchase Quantity 9/30/14 10/31/14 Unrealized Asset Dais on Date Cost 1/abie Value Gain (Loss) Southern Financial LW - Eireities ,&ple Inc 10128/13 ____,_ 14 000 1 058 121 1,410400 1,612.000 453 _879 Apple Inc 978/14 1-50;10 14.842,508 it -n2.500 18,200,a0 1.357741 Apollo Global Man nt 3131/11 263,157 4.999,1183 6,273,663 5,986,822 98839 Arlad Pharmaceuticals Inc 2/14/12 7,535 11(597 40.689 44,909 -69.688 Mad Pharmaceuticab Inc 1/24/13 9,000 176,400 48,1100 53,640 -122.760 Ascena Retail Group inc. (Formerly Dress Barn 1.3.11) 1/16/01 70,500 1.500030 917A30- 877,725 -622,275 Bank of New York Melon 8raii4 .290000 9 076,406 9 682.500 9 680.000 603,594 Biogen ldec Inc 2/14/12 2,095 250,455 693.047 672,663 422,208 Facebook Inc 5/17/12 17,500 665 000 1,383,200 1,312.325 647.325 Foundation Medicine Inc 1/16/14 49,830 1,265,037 944,777 1,289,600 24,W Generai-Motors Co 12/9/10 97,525 3,586,947 3.114,949 3,062,285 -523,662 General Electric Co 4/23/13 23,000 496,109 589.260 593,630 97,521 Gilead Sciences Inc 2/5/14 5,000 396,407 532,250 660,000 163,593 Gilead Sciences Inc 317114 3.100 246,797 329,995 347,200 100403 Waal Net Inc 0/8/14 2500 1.174,506 1.152,750 1,187,750 13,244 JP Morgan Ons & Co. 1114/05 1,453 0 87,529 - 0 Mobileye NV Arnstetveen (3 -ffilartts 91711 800 20,000 42,872 71.104 21,504 Sa_rigamo Biosciences Inc 928/13 50 000 422,214 539,250 607 000 184 786 SentatiTT Consumer USA 1/28/14 1.000 24,000 17,610 184,600 -4003 Twitter Inc 1117/13 1600 ak Total Southern Financial LLC - Equities 40 353 484 43 011 160 44,109,757 3,756,273 Southern Financial LLC - E. .br Options Call 100 American Afton.., 20Exp 1/17/2015 12/1 /13 1,000 803,315 1 550 000 Put 100 American Airlines - I Exp 1/17/2015 12/12(13 (1,000) -197.702 1.1® Q 4 Total Southern Financial LW - Equity Options 605,613 1,542,000 Southern Financial LLC - EquityEtre WIsdomIree Japan Hedged Equity 12/18/13 60,000 2,966,099 3,139,200, 3.229 200 263 101 Total Southern Financial LW - Equities 2,986,099 3,139,200 3,229,200 263,101 unrested Southern FinancialLLC - FX Options di Derivatives salotius_ Long Pul USD vs CNN - Strike 6.16 Exp 8/12/2015 8/12/14 75,000,000 273,000 184.139 299A40 26,440 Long Call USD vs JPY - Strike 101.00 Exp 11/20/2014 11/20/13 1,000,000 44,800 79 247 98,852 54,052 Short USD vs JPY - Barrier 90 Exp 11/20/2014 11120/13 (21,0001 -16.500 5227 -4 18,498 Short USD vs JPY • Barrier 98 Exp 11/20/2014 11/20/13 (21,000 -15,000 -147 -2 14,998 Short USD vs JPY - Barrier 97 Exp 4 11/20/13 (21,000 -13,300 45 Q AIN 0 78,779 96,846 9%846 Long 1.345 strike EUR USD Put Exp 9/8/2014 6/6/14 10 boo 000 0 320.000 0 sae en Short 1.38 strike EUR USD Cal Exp 91812014 er6/14 10,000,000 Q Q 0 remitted gain 0 320.000 0 320A00 total unrealized gain (loss) 125,288 Total Southern Financial LLC - FX Options 44 Derivatives 273,000 262,918 398,286 Southern FinancialLa - Cuneng Euros 42 1.2831 (transferred to JEE Custody account) 291,847 0.0000 368,632 Total Southern Financial LLC - Currency 388,832 EFTA01118147  9/30/14 10131114 MTD YTD Asset Description Value Value Return Return Hedge Funds - Southern Financla (SFLLC) Highbridge 20,785,189 44,549 0.00% 4.70% Bruce Galloway 3,631,734 3,333,393 -8.21% -16.67% Boothbay Multi-Strategy Fund 10,051,474 9,991,165 -0.60% -0.09% Bear Sterns Asset Backed Sec 124,91.0 124.916 (book carryinc value) Total Hedge Funds - SF LLC 34,593,313 13,494,023 Hedge Funds - Haze Highbridge 38,485,360 80,188 0.00% 4.70% King Street 27 932 544 27,703.497 -0.82% 5.82% Hedge Funds - Haze 66,417,904 27,783,685 Hedge Funds - Jeepers DB Zwim - Corbin - est of 5% holdback 20,000 20.000 Cie lessoymtiornik.rnis H a& ss 4.375.302 Q paid 101612014 Hedge Funds - Jeepers 4,395,302 20,000 Total Hedge Funds 105,406,519 41,297,708 SFL Mort Southern FT Asset Description Inc. JEE Trust Real Estate Jeepers investments SFL Kyara I (at cost) 0 Kyara II (at cost) 250,000 Kyara III (at cost) 500,000 Jawbone Investment (grat at cost) 10,000,000 AYH Marina (value per jee) 1,000,000 STC Adfin Solutions (at cost) 875,000 124 Parc Moceau - Palm Beach (at cost) 4,869,398 21 East 26th Street (repaid 220,500 of 920,500 cost (220.5 & 700) 800,000 proj profit) 800,000 Columbia Holdings (repaid 588,333 + 333,333 profit to date) 25,000 Totals 10,000,000 1,000,000 1,625,000 825,000 4,869,398 Total Investments 18,319,398 Hyperion JEGE JEGE Asset Description Air LLC LLC Inc Various Totals Aviation, Automobiles & Boats 2001 BeN 430 N331JE 3,000,000 3,000,000 1988 Guifstream G-IV N212JE 8,000,000 8,000,000 1968 Boeing 727 N908JE 3,000,000 3,000,000 Automobiles 700,000 700,000 Boats 700,000 700,000 Total Aviation, Automobile & 3,000,000 8,000,000 3,000,000 1,400,000 15,400,000 Boats I EFTA01118148  Asset Description JEE Totals Loans Receivable Adam Bly 300,000 300,000 Larry / Eileen Visosld 225,000 225,000 Johnn O'Sullivan 22,446 22,446 200,000 200,000 Total Loans Receivable 747,446 747,446 Enhanced • Asset Description Education JEE JEE Various Totals Fine Arts, Antiques & Jewelry Cello 175,000 175,000 32.73 Carrot Emerald Cut Diamond - D 3,500,000 3,500,000 Watches. Earring & Other - see attached 775,000 775,000 Fine Art Schedule - see attached 3,050,000 3,050,000 Total Fine Arts, Antiques & 175,000 3,500,000 775,000 3,050,000 7,500,000 Jewelry EFTA01118149