EFTA02711200.pdf

Valuation Report 8/31/2014 EIFTA_R1_0212089 EFTA02711200  SUMMARY OF ASSETS - AUGUST 31, 2014 7/31/14 8/31/14 $ Asset Value Value Change Cash 147,030,342 163,437,340 16,406,998 Fixed Income 63,290,970 58,946,877 (4,344,093) Equities 27,739,697 28,132,657 392,960 Equity Options 1,865,000 1,861,000 (4,000) Equity ETF's 2,998,200 2,992,800 (5,400) FX - Options & Derivatives 131,233 549,519 418,286 Currency 390,462 384,391 (6,071) Hedge Funds 118,980,788 105,704,524 (13,276,264) Investments 18,144,898 18,144,898 - 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 404,219,036 403,801,452 -417,584 Cash Activity - Items over 50,000 Tudor Redemption 13,501,622 Dividends, Interest Income & Other Distributions 439,623 HSBC SX5E 8/29/2014 80% Barrier 4% Cpn 17% Redemption 2,313,462 SG Market Plus WTI Crude 8/5/2014 78.75% Barr 10% Redemption 2,200,000 Sale of 7,250 shares of JPM . 416,236 Purchase of 24,830 shares of FMI (577,373) Purchase of Long Put USD vs CNH - Strike 6.16 Exp 8/12/2015 (273,000) Monthly Spending (1,200,000L Stambaugh (727 repairs) (330,000) Miscellaneous (83.573) Total Cash Activity - Items over 50,000 16,406,998 EFTA_R1_02124690 EFTA02711201  Deutsche I First BNP Paribas Wells Asset Description Bank Bank UBS & MJ Escrow Fargo Totals Cash Southern Trust Company 69,921,618 828,457 70,78075 Southern Financial LLC 48,770,025 48,770,025 Jeepers Inc. 22,680,039 372 22,680,411 Haze Trust i 9,864,258 9,864,258 JEE 3,665,440 464,719 1,989,730 6,119.889 Enhanced Education ' 2,342,562 235,311 2.577.873 FT Real Estate 565,326 565,326 JEGE LLC 212.750 212,750 LSJE LLC 544,133 544,133 JEE - Paris (US 5) 105,963 105.963 JEGE Inc. 202,554 202,554 Zorro Development Corp 128,108 145,7771 273,885 NES LLC 504,140 504,140 Nautilus Inc. 92,973 92,973 Hyperion Air LLC 85,680 85.680 Neptune LLC 39,824 39,824 Michelles Transportation Co LLC 18,205 18.205 Plan D LLC 10,400 10.400 Butterfly Trust 8,048 8,048 Thomas World Air LLC 7,715 7,715 Maple Inc. 165 165 Cypress Inc. 1,536 1,538 Laurel Inc. 1,304 1,304 The JEE Life Ins Trust #3 206 206 Total Cash 158,435,653 2,760,216 1,989,730 105,963 145,777 163,437,340 EFTA_R1_02124691 EFTA02711202  Purchase Quantity 7/31/14 8/31/14 Unrealized Asset Description Dab Cost I Value Value Galn (Loss) Haze Trust - FixedIncome Bank of America 8.125% PM 12/29/2049 05116/11 3,000,000 3.386;621 3,172.278 3,401.771 12.150 JP Morgan Chase 7.9% Pfd 4/30/2049 05/10/11 3.000000 3 337 958 3,363,000 3,397.750 59,792 ?sabot/ Ennee Si. Note r719,11/112016 05/10/11 1 re 1Y 1 1 267.7' 306,121 1.327,000 59.216 Ipayment Inc 10.25% 5/11/ Ei• 10/02/12 458,682 438 319 44 .590 - 1,092 JPM Tr Fit Rate Income Fund 01/22/13 211, 7 .136,733 2,119,293 2,12a7 -8.357 GS Mortgage_Loan 2005-5FCCL BI 5.7598% 5/10/13 1 500.000.00 1,170,854 1 176 451 1,174,234 3379 Citibank Preferred SIN K 6.616% 114 79 000.00 XIF 2 131 42Q err 1 Total Haze Trust- Fixed income 13,761,052 13,698,196 14,008,141 247t089 ' outhem Trust Co. - FixedIncome Ally Financial 8.5% Pfd Ser A 11/13 gi,r,. 1 429 4'18 1.546,410 1.554 390 124,973 Nationwide So—riety 6.875% GBP callable 6/20/2019 4/15/14 2,000.000 3,439.193 .136,507 3.419,235 -19 958 Petroles De VenezuelliC10/28/15 9/17/13 2,000,000 1 :72093 903.056 _1 459a82 31790 Total Southern Trust Co. - Fixed income 6,740 704 6,985,972 6,867,514 126,810 ors - FixedIncome JPM Trust FLT RT Income fund 02/13/13 158,644.861 1,597.676 1. 576 1 594,381 -3.296 Total Jeepers - Fl income 1,597,676 1,587,576 1,594,381 -3,295 Southern Financial LW - Fixed income Bank of America 8.125% PM Dec 29 2049 1/10/11 2.000,000 2.015.000 2,248,186 2-.2 7 212, • Barclays Bank PLC 7.75% 4/10/2023 4/3(13 300.000 300,00 341.294 342,856 42,856 Earthlink Inc 8.875% May 15 2019 10/22/12 400.000 410.756 416.494 419.453 8.696 Earthlink Inc 8.875% May 15 2019 10/23/12 600.0004 614,993 624.742 629.179 14,187 General Electric Cap Corp 7.125% Dec 15 2049 6/27/12 2.000,000 2,110,605 2.358.208 2,387.583 273,978 Headwaters Inc 7.625% 4/1/2019 10/22/12 1,000,000 1 022 304 1 075.417 1,086,771 64,466 HSBC SXSE 8/29/2014 60% Barrier 4% Cpn 17% Cap Initial 27 5/24/13 2,00W) if I,000 2,222,600 - 0 JPM Cont Buff SX7P 10/16/2014 85% Cont Barrr 25% Cap In 9/24/13 1,00760 L000,000 1 035,900 1,050,400 50.400 JP Morgan Chase & GolsIdT.146—AFri 30 2049 6/15/11 2.500.000 '2,:: ,500 2 802.500 2.831,458 143.958 JP Morgan Chase & Co Pfd 7.9% April )0 2049 6/15/11 2,500,000 2,111.8 I' 2 .1 Of 2.831.458 156.458 LBG Capital 12/29/49 5/21/13 3,111. 111 3,247356 343,512 3,333.548 86,048 Lloyds Bank 9.875% 12/16/2021 5/10/12 11.811 1,619,167 1527. 2 1859,510 240.344 Paroles De Venezuela 5% 10/28/2015 9/16/13 2, 11 811 2,329.395 • • • 2 367,361 37,966 Servicemaster Company 8% Feb 15 2020 1/24/13 44 , III 460.200 473,464 13,265 Semicemaster Company 8% Feb 15 2020 225/13 811 011 1.051.019 • • 1 076,056 25,037 SG Market Plus WTI Crude 8/5/2014 78.75% Barr 10% Initial 1 7/25/13 1 811 2,000.60 0 Southern Cal Edison 6.25% Dec 31 2049 1/30/12 On 11, 2,994.062 i t,278,125 284,063 MY Financial Pfd Ser A Callable 2/3/12 903,218 • 0270,782 367,565 My Financial Pfd Ser A Callable 2/9/12 1 111 1 11 1 181.600 571,600 GMAC Cap TR I erD Pfd Sec See 2 8 2/22/12 .1 111 O. 2,151,992 269,218 Royal Bank hand Group PIC0- 7.25% Ser T 10/24/12 951 600 1.006,800 1,027.200 75600 IV:lira& Scotland Group PLC 75% Ser T 1/7/13 I II 995.200 1,006 900 1,027,200 32 000 Royal Bank Scotland Group PLC 7.21%—Ser T 1/14/13 O • 77.692„1,006 ...1s1 O2L20b WM Total Southern Financial LLC - Fixed Income 35 897,892 39 239 91 34,921,045 3 023 153 Southein FinancialLLC - FixirdIncome (asset cked secu face veto Countrywide Home loans 2033-1d 815.75%3/25/03 4/16/13 1,043,178 974,083 925,051 9_0 54 s,o 723 li -71, Vtitashingion Mutual S 2004-RAfeltB1 var 7/25/2033 11/19/13 745.322 , 570,314, 651663 6 Total Southern Financial LLC - Fixedincornensse backed securities) 1,544,393 1,579,734 1,555,797 11,404 TOTAL FIXED INCOME , 63,290,970 58,946,877 Note: Accrued Interest has been includedIn month end fixed income values EFTA_R1_02124692 EFTA02711203  Purchase , Quantity , 7/31/14 8/31114 rr iarzed Asset Description Data I Cost "—Tr Value Gain /Gilt) Southern Financial LLC - Equities Awl, Inc 10/28/13 14,000 i 1,058,120 1.338.400 1,435,000 376.880 Apollo Global Management 3/31/11 263,157 4,999,983 6910,503 6.T2701- Wirm8 Mad Pharmaceuticals Inc 2114/12 7,535 114,597 43,402 46.868 47)29 Mad Pharmaceuticals Inc 1/24/13 9,000' 176,400 51,840 55,980 -120,420 Maria Retail Group Inc. (Formerly Dress Barn 1.3.11) 1/16101 70,500 1.500,000 1 132,230 1.225,995 -274005 Bank of New YorkMellon 6/25/14, 250,000 9,078,408 9.760,000 9,795,000 718.594 Biogen Idec Inc 2/14/12j 2,095 250.485 70547 718,669 468.214 Facebook Inc 5n /1 17,500 665,000 1,271.315 1,309.350 644,355 Foundation Medicine Inc 1/16/14 49.830 687,664 563.000 1,159.544 471 W beneral Motors Co 12/9/10' 97.525 3,585,947 3 298,296 3,393.870 -192077 deIiiiirEliclric Co 4123/13 23.000 496,109 578,450 597,540 101,431 Gilead Sciences Inc 2/5/14J 5,000 396,407 457,750 537.800 141.393 Gilead Sciences Inc /14 3.100 246,797 283,805 333,436 86,639 JP Morgan Chu. & Co. (sold 7260 on 6121 it 5401 for 3.150,3149 loss) 7/14/05* 4.353 2,126.373 669 145 258,766 -1,867 587 Mobileye NVArnstelveen Ord Shares 8/1/14 800 20.000 35,544 15 544 Sangamo Biosciences Inc 5/28/13 50,000 422,214 594,000 715,000 292,786 Santander Consumer USA 1/28/14 1,000 24.000 19,170 18,620 -5,380 water Inc 11/1/13 1500 39,000_,Eat a n Total Southern Financial LLC - Equities 25,885,472 27,739,697 28,132,857 2,247,186 Southern Financial LLC - Equity Options Call 103 American AMinces gg 20 Exp 17T/N:115 12/12/13 1,000 803,315 1.810,000 1,864,000 1,060,686 Put 100 American Aldlnes @ 20 Exp 1/17/2016 _i___12/12/13 (1,000), -tri7.Thr 522 mama giaca Total Southern Financial LW - Equity Options 605,613 1,885,000 1,861,000 1,256,388 Southern Financial LLC - Eqully Firs '14-8i&rntree Japan Hedged Eglity 12/16/13 60.000 2,966,099 2,998,2® 2,992,800 28,701 Total Southern Financial LLC - Equities 2,966,099 2 998 200 2,992 800 26,701 unrealized Southern Financial LW - ins & Derivatives tits; Long Put USD vs CNH - Strike $.16 Exp 8/12/2015 8/12/14 75,000,000 273,000 0 243,601 -29,399 Long CO USD vs JPY - Strike 101.00 E 11/20/2014 11/20/13 1,000,000 44,800 24,497 30.973 -13,827 Short USD vs JPY - Barrier 99 Exp 11 14 11/20/13 (21,000) -16 500 -5,743 -2,875 13,625 Short USD vs JPY - Barrier 98 Exp 11/20/2614 11/20/13 (21,000) -15 000 -3 817 -1,854 13,146 Short USD vs JPY - Barrier 97,19 11/20/2014 11/20113 (21,000) -1 S532 -1 2,k1 12,01, 0 12.400 25,030 25030 Long 1.345 strike EUR USD Put E 9/8/2014 6/6/14 10,000,000 0 120,812 280,888 Short 1.36 strike EUR U D Cal Exp wanciir 6/6/14 10,000.000 0 0 0 118 34 280,888 280,888 total unrealized wan (lost ite,sii Total Southern Financial LLC - FX Options 8 Derivatives 273,000 131,233 649,619 Southern Financial LW - Currency Euros (4) 1.3643 291,841 1.3171 390,482 384,391 Total Southern Financial LLC - Currency 390,462 384,391 EFTA_R1_02124693 EFTA02711204  7/31/14 8131114 MTD YTD Asset Description Value Value Return Return Hedge Funds - Southern Financial (SFLLC) Highbridge 20,507,396 20,616,085 0.53% 4.70% Tudor Futures 13,501,622 0 0.00% -2.44% Bruce Galloway 3,893,350 4,412,096 13.32% 10.30% Boothbay Multi-Strategy Fund 10,059,581 10,094,790 0.35% 0.95% Bear Sterns Asset Backed Sec 124.916 124.916 (book carrying value) Total Hedge Funds - SF LLC 48,086,865 35,247,887 Hedge Funds - Haze Highbridge 37,979,331 38,180,622 0.53% 4.70% King Street 27.943.423 27 879 153 -0.23% 6.42% Hedge Funds - Haze 65,922,754 66,059,775 Hedge Funds - Jeepers DB Zwirn - Corbin - est of 5% holdback 20,000 20,000 DO Dubin less WM or 141k. 276k, 144K 6504 4,376 $62 4.376.862 as of 9/30/2014 Hedge Funds - Jeepers 4,396,862 4,396,862 Total Hedge Funds 118,406,481 105,704,524 - SFL Mort Southern FT Asset Description Inc. JEE Trust Real Estate Jeepers Investments SFL Kyara 1 (at cost) 100,000 Kyara II (at cost) 250,000 Jawbone Investment (grat at cost) 10,000,000 AYH Marina (value per jee) 1,000,000 src Adfin Solutions (at cost) 750,000 124 Parc Moceau - Palm Beach (at cost) 4,869,398 21 East 26th Street (repaid 220,500 of 920,500 (220.5 & 700) cost with 1,650,000 proj 920,500 Columbia Holdings (repaid 588,333 + 333,333 of 588,333 cost with 588,333 projected 255,000 Totals 10,000,000 1,000,000 1,100,000 1,175,500 4,869,398 Total Investments 18,144,898 , - Hyperion JEGE JEGE Asset Description Air LLC LLC Inc Various Totals Aviation, Automobiles & Boats 2001 Bell 430 N331JE 3,000,000 3,000,000 1988 Gulfstream 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 EFTA_R1_02124694 EFTA02711205  Asset Description JEE Totals Loans Receivable Adam BV 300,000 300,000 Larry / Eileen Visoski 225,000 225,000 Johnny O'Sullivan 22,446 22,446 Gertrude / Larry Delson 200.000 200,000 Total Loans Receivable 747,446 747,446 Enhanced Asset Description Education JEE JEE Various Totals Fine Arts, Antiques 8 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 EFTA_R1_02124695 EFTA02711206