EFTA01118166.pdf

Valuation Report 11/30/2014 EFTA01118166  SUMMARY OF ASSETS - NOVEMBER 30, 2014 10/31/14 11/30/14 $ Asset Value Value Change Cash 233,514,622 229,960,468 (3,554,154) Fixed Income 57,800,676 61,274,744 3,474,068 Equities 44,109,757 46,873,384 2,763,627 Equity ETF's 3,229,200 3,324,000 94,800 FX - Options & Derivatives 398,286 144,640 (253,646) Hedge Funds 41,373,584 41,473,894 100,310 Investments 18,319,398 17,565,911 (753,487) Aviation, Automobiles & Boats 13,400,000 13,400,000 Loans Receivable 747,446 647,446 (100,000) Fine Arts, Antiques & Jewelry 7.500.000 7 500 000 0 Total Assets 420,392,969 422,164,488 1,771,519 Cash Activity - Items over 50,000 26th Street - Butterfly Trust (1,282,000) & FTRE Brooklyn Deal (25,000) 1,307,000 Long USD vs JPY - exp 11/20/2014 143,705 Purchase of 150,967 shares of Citibank Preferred Ser C 5.8% (3,670,430) Dividends, Interest Income & Other Distributions - per SFL stmt 363,139 Dividends, Interest Income & Other Distributions - per Haze stmt 243,165 Artefacto Order - 50% of Order 1 (200,400) 124 Parc Moceau RE Taxes (71,513) Adam Bly Loan repayment 100,000 Monthly Spending (1,500,000) Miscellaneous (268.821) Total Cash Activity - Items over 50,000 (3,554,154) EFTA01118167  Deutsche First BNP Paribas Wells Asset Description Bank Bank & MJ Escrow Fargo Totals Cash Southern Trust Company 92,815,677 338,630 93,154.208 Southern Financial LLC 67,299,250 57,299,250 Haze Trust 43,910,441 43,910.441 Jeepers Inc. 24,493,658 372 24.494.030 JEE 3,382,365 497,357 3.879 722 Enhanced Education 1,865,040 331,685 2,196,725 FT Real Estate 1,869,033 1,869,033 Butterfly Trust 1,290,749 1,290.749 JEE - Paris (US 5) 424,870 424,870 LSJE LLC 316,642 316.642 JEGE LLC 213,976 213,976 JEGE Inc. 202,318 202,318 NES LLC 191,164 191,164 Zorro Development Corp 65,953 114,137 180,090 Hyperion Alr LLC 82,930 82,930 Nautilus Inc. 72,920 72.920 Cypress Inc. 58,694 58,694 Thomas World Air LLC 34,906 34.906 Maple Inc. 26,366 25.355 Freedom Air Petroleum Tsci 23,742 Plan D LLC 10,400 10,400 The JEE Life Ins Trust #3 9,606 9,606 Laurel Inc. 8,489 8,489 Michelles Transportation Co LLC 7,091 7.091 FSF LLC 1,537 1,537 IGO Company LLC 1,376 1,375 Neptune LLC 207 207 Total Cash 225,833,734 3,587,728 424,870 114,137 229,960,468 EFTA01118168  Purchase Quantity 10/31/14 11/30114 Unrealized Asset Deecrlptlon Date Cost Value Value Gain (Loss) Haze rivet • MedIncome Bank olAmerice 8.125% Pfd 12/29/2049 05/10111 3.000 000 3,389 621 3 362.366 3.242,666 -146 96g JP-Morgan Chase 7.9161nd 4/30/2049 01 /10/11 3.000,000 3.337A8 3.251,250 3,278,580 41,378 Peabody Energy Sr Notes 7.375% 11/1/2016 05/10/14 1,200,000 1,262,089 1,280,250 1,252129 4 960 (payment Inc 10.25M- 5/15/2018 10102/1 500,000 461,557 443,632 417.1I1Th4,4 JPM Tr Fit Rate income Fund 01/22/13 214103.162 2,159,901 2 118,152 2,123,903 -35,998 -GS Mortgage Loan 2005.51 CL 81 5.7598% 5/10/13 1,5O.00 1.162,900 1,169,061 1,166,592 3,692 Citibank Preferred Ser C 5.8% 10/28/14 49.03100 1 180.739 1.188,315 1,204,250 23,511 -Citibank Preferred -613A 10/29/14 150.967.00 3,670,430 - 3.707.750 37,319 Citibank Preferred Ser K 6.875% 1 2/3/14 79 000 00 1409,419 2411.0.2 _24293..1.14 91 71) Total Hake Trust • FixedIncome I 1324.816 14,933,096 18 482,126 -142.489 Southern Trust Co. - FixedIncome AlfraWircialiTSWRIer A 6/11/13 57,000 1.429 41a 1,509,360 1,512,780 63,383 Nationwide S • 6.875% GBP cabbie 6/20/2019 4/15/14 2,000 000 3 439 193 3285.143 3236,190 -203,004 Petrol's De Venez 59iCafFilf3 1 . , 1 TOT I:706.889 AgagA1 Total Southern Trust Co. - Fixed mom* 066.904 8,565,059 6,455.853" 411,045 Jivers - FixedIncome 3PM TrusiWi. RT Income fund 02/13/13 160,386.116 1,809.119 1,588,722 1,591,030 -18,089 Total Jeepers - Fixed income 1,609.119 1,586,722 1,591,030 -18,089 Southern Financial LLC - Fixed Income Bank of America 8.125% PM Dec 29 2049 1/10/11 2,000,000 2,055,000 2,244,931 2,161,771 106,771 Barclays Bank PLC 7.75% 4/10/2023 4/3/13 300.000 300.000 330.231 330.793 30,793 Earthink Inc 15 1022/12 400,000 410)64 405,369 408,979 -1 305 Earth&lc IncM5igr5l iay 1 6F19 10/23112 600.000 814,335 608.054 613,481- 491 General Electric Cap Co 7.125% Dec 15 2049 6/27112 2,000,000 2,099,772 2,383833 2 4011313 300 541 Headwaters Inc 7.625,6- 41/2019 ri&22/12 1,000,000 1.019.732 1,051)94 - 1,069:99-7 46:264 JP Morgan Chase i .O Pfd 7.9% . • eil 30 2049 6/15/11 2,500,000 2,687,500 2,7_0_,L375 2,730483 42,983 JP-Mon i tue&G7̀ 33 VAApti 30 2049 8/15/11 2,500.000 2.675.000 2.7073W 2.730.483 587iff , LBG Capital 12/29/49 5/21/13 3,000,000 3,247,500 3,315,203 3,312,389 64 689 Lloyds Bank 9.875% 12/16/2021 5/10/12 1.500.000 1,616,174 1,854,198 1,870,292 254.118 Petrol's De Venezuela 5% 10/28/2015 9/18/13 2,500,000 2,372.886 2,213,194 2,133,611 -239,255 Seivicemaster Company 8% Feb 15 2020 1 24/13 440,01R/ 458,887 477,131 476,667 17,780 Servicemaster Company 8% Feb 15 2020 2/25/13 1.000,000 1,047.688 1.084.389 1,083,333 35,648 Southern Cal Edison 6.25% Dec 31 2049 1/30/12 3,000,000 2,994.220 3.302,490 3376,979 382,759 my panda le e 2/3/12 46.800 903,218 1.233.968 1, Y38,764 333,546 Ally Financial PM Ser A Calable 2/9/12 80.000 1,610,000 2,118,400 2,123,200 513,200 GMACWR i GrPld Sec Ser 2 8 2/22/12 80.000 1,882.774 2,138.400 2,115,20 2527H l . fal Bank Scotland Group PLC 7.25% Ser T 10/24/12 40.000 951.600 1,014,000 1,030,400 78 800 Royal Bank Scotland Group PW—f.gfSe6 r T 1/1/13 40.000 995,200 1,014,000 1,030,400 36:260 Royal Bank Scotland Group PLC 7.25% Ser T 1/14113 40.000 /MEN —1.2.11222 1.221.4211 352aM Total Southern Financial LLC • FixedIncome 30,919)49 33,221,898 33,255,923 2,338,574 SouthenThnancial LLC - Fixed Income (asset backed secur flea face value Countrywide Home Loans 2003.1d 81 5.75% 3/25/03 4/16/13 976,002 911,356 846,224 844,071 47,265 Washington Mutual Mtg 2004-RA2 d CBI var 7/25/2033 11/19/13 735,802 563.026 648..11 645.7,V 82110 Total Southern FinancialLLC - Fixed income (asset backed securities) 1,474,382 1,494,903 1,489,806 15,424 TOTAL FIXED INCOME 67,800,676 61,274,744 Note: Accrued Internet hes been included In month end fixed income values EFTA01118169  Purchase Quantity 10/31/14 11130114 Unrealized --- AtThflet c p on Data -Coat Vilue Value Gain (Loss) Southern FinancialU.0 - Equities Apple Inc 10/28/13 14.000 1.058121, , 1.512.000 1 665 020 606,900 Apple inc 9/5/14 150.000 14442,506 10200,000 17,839,500 2,996.994 Apollo Global Management 3/31/11 263,157 4.99%983 5,986.822 6_431557_ 1 431 674 Mad Pharmaceuticals Inc — 117O12 7.53$ 114.597 44,909 53.574 41.023 Mad Pharmaceuticals Inc 1/24/13 9'°°0L 176,400 63,640 63,990 -112,410 Mans Retail Group Inc._(formerly Dress Barn 1.3.11) 1/16/01 70,500 1,500,000 877,725 943,995 -556 005 Bank of New-York Mellon 6/25/14 250,000 9,078,406 9,880,000 10,007,500 931,094 Biogen 1 ec Inc 2/14/12 2,095 250,455 672,663 644,611 394.156 Facebook Inc 5/17/12 17,500 685,000 1,312,325 1,359,750 6947756 Foundation Medicine Inc 1/16114 49,830 1,265,037 1,289,600 1,176,985 48,052 General Motors Co 12/9110 97,525 3,68047 3,062.285 3.260.261 -3-23,W General Electric Co 4/23/13 23,000 496,109 593,630 609,270 113,161 Gilead Sciences Inc 2/5/14 5.000 396.407 660. •' 501,600 105,193 Gilead Sciences Inc 317114 3,100 246,797 347,200 310SL92 64 195 Health Net Inc 9/6/14 25,000 1,174,506 1,187,750 1,284.54roo 109,994 Mobileye NVAmstelveen Ord Shares 8/1114 800 20.000 41.504 35 080 15,080 Singamo Biosciences Inc 5/28/11 50,000 422,214 607,000 so4:tto 181,786 Santander Consumer USA 1/28/14 1,000 24.000 18.500 18,590 -5.410 Twitter Inc 11/7113 1500 ..---119291 62.610 23.610 Total Southern Financial LLC - Equities 40,363,484 44,109,757 46,873,384 6,5191900 Southern Financial LLC - Equity EYE Vtiadomtree Japan Hedged Equity 12/16/13 60,000 2,966.099 3,229,200 3 324,000 357,901 Total Southern Financial LLC - Equities 2,986,099 3,229,200 3,324,000 357,901 unman/al Southern Financial!LC - FX Options 4 Derivatives i alto_se Long Put USD vs CNH - Stake 6.16 gap B/12/2015 8/12/14 75,0 07OW 273.000 299,441 144,640 -128.360 Long Cali USD vs JPY - Strike 101.00 Eical1/20/2014 11/20/13 1,000000, 44,800 98,852 0 0 Short USD vs .IPY - Aarrier 99 Exp 11/20W4 Short USD vs JPY - Barrier 98 Exp 11/20/2014 Short USD vs JPY - Barrier 97 Exp 11/20/2014 11/20113 11/20113 11/20/13 (21,000i (21 000 01:000 licit -1003 -4 -2 0 0 0 2 0 0 0 98,846 0 Total Southern Financial LLC - FX Options 8 Derivatives 273,000 398,286 144,640 EFTA01118170  1 10/31/14 11/30/14 MTD YTD Asset Description Value Value Return Return Hedge Funds - Southern Financial (SFLLC) Highbridge Multi Strategy 64,532 64,035 -0.77% 60.30% Bruce Galloway 3,333,393 3,120,471 -6.39% -21.99% Boothbay Multi-Strategy Fund 10,001,743 10,121,764 1.20% 1.22% Bear Stems Asset Backed Sec 124.91§ 24 916 (book carrying value) Total Hedge Funds - SF LLC 13,524,584 13,431,187 Hedge Funds - Haze Highbridge Multi Strategy 80,188 79,570 0.77% 60.30% King Street 27.760.752 6.61% Hedge Funds - Haze 27,840,940 28,034,848 Hedge Funds - Jeepers DB Zwim - Corbin - est of 5% holdback 8 060 060 8 final pa mint Hedge Funds - Jeepers 8,060 8,060 Total Hedge Funds 41,373,584 41,473,894 SFL Mort Southern FT Asset Description Inc. JEE Trust Real Estate Jeepers Investments SR. Kyara I (repaid 100 cost + 201k proft) 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 Inc Adfin Solutions (at cost) 875,000 124 Parc Moceau - Palm Beach (at cost + 71,513 re taxes) 4,940,911 21 East 26th Street (920,500 cost + 582,695 profit) 0 Columbia Holdings (cost 588,333 + 358,333 profit) 0 Totals 10,000,000 1,000,000 1,625,000 0 4,940,911 Total Investments 17,565,911 Hyperion JEGE JEGE Asset Description Air LLC LLC Inc Various Totals Aviation, Automobiles & Boats 2001 Bell 430 N331JE (ins value) 2,500,000 2,500,000 1988 Gulfstream G-IV N212JE (insurance value) 6,500,000 6.500 000 1968 Boeing 727 N908JE (insurance value) 3,000,000 3.000,000 Automobiles 700,000 700,000 Boats 700,000 700,000 Total Aviation, Automobile IL 2,500,000 6,500,000 3,000,000 1,400,000 13,400,000 Boats EFTA01118171  I - —- Asset Description JEE Totals Loans Receivable j I Adam Bly 200,000 200,000 Larry / Eileen Visoski 225,000 ;i 225,000 Johnny O'Sullivan 22,446 22,446 Gertrude / Larry Delson 200.000 200,000 Total Loans Receivable 647,446 647,446 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 EFTA01118172