EFTA01037855.pdf

From: "Jeffrey E." <jeevacation®gmail.com> To: Paul Barrett < , Richard Kahn Subject: Re: Date: Fri, 08 Jun 2018 09:32:21 +0000 Attachments: image002.jpg Inline-Images: image002(1)jpg lets talk about it. your compensation must reducethe return. ? the positions are silly . . I want to clean it up today or monday. . I take some responsibliyt for not monitoring you most lclosely the ge position was an amateur play very . On Thu, Jun 7, 2018 at 9:36 PM Paul Barrett wrote: As of today this is where we stand: Since Inception (10/17): +$4.015MM (+2.47%) 2018 YTD: +$1.196MM (+0.72%) Of the $4.015MM gain since inception, —$1.6MM has come from your stocks (mostly FMI), $620K from my trades and the balance from interest received on bonds I recommended prior to joining plus any equity dividends. Trades Initiated by me: - Equities: $780,249 - FICC: $-238,953 — excludes interest on bonds I recommended prior to starting (—$1.6MM). Lost $1.2MM on Argy FX and bonds. - Loan Funds: $76,892 I am also unhappy with the performance. Mistakes I have made: • Not sizing my highest conviction ideas correctly • Not keeping tight enough stops on my big losers (GE, Argentina). 3 worst trades down around $3MM total (GE still open). • Deviating from my core themes • Not owning enough of the market leaders (why have only a 1% position in AMZN??) EFTA01037855 Changes I have recently implemented: • Fewer positions going forward • Size positions in % terms rather than USD amounts • If it does not fit within a core theme then it is either in cash or ETF placeholder. I still think Q4 will see most of the returns for this year and plan to ramp up my equity exposure going into Q4. Paul Consolidated Portfolio F1CC $71,864,748 43% Equities $84,436,847 51% Cash $14,568,547 9% $166,149,139 Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 11th Floor, New York, NY 10019 From: Jeffrey E. <[email protected]> Sent: Thursday, June 07, 2018 7:40 PM To: Paul Barrett >; Richard Kahn < Subject: EFTA01037856  i have gone through lots of the trades. not very good at all 11111 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 JEE 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], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 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 JEE 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], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01037857