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From: Neal Berger .5 To: jeevacation@gmail.com Subject: Eagle's View Capital Management, LLC- July 2015 Performance Update... Date: Sun, 09 Aug 2015 23:01:57 +0000 Eagles View Capital Management, LLC July 2015 Performance Update Aug 9. 2015 Aug. 9, 2015 Broad based gains and market dislocations contribute to best month yet for Eagle's View Funds Click here to view our most recent monthly investor tearsheet Dear Partners/Friends, Performance of Eagle's View Capital Partners, L.P. is estimated at +3.25% for July with YTD performance estimated at +4.73% net of all fees and expenses. 80% of the Managers within Eagle's View Capital Partners, L.P. were positive during July, highlighting the broad-based gains we experienced during the month. Performance of Eagle's View Offshore Fund, Ltd. Class G is estimated at +3.30% for July with YTD performance estimated at +1.04% net of all fees and expenses. Approximately 85% of our Managers for this Class were positive during the month of July. Performance of Eagle's View Offshore Fund, Ltd. Class B ("High Alpha") is estimated at +2.80% for July with YTD performance estimated at +0.23% net of all fees and expenses. This Share Class seeks to generate substantially higher returns through a more concentrated portfolio of some of our historically higher return opportunities. Investors in this Class should have a willingness to accept increased volatility and risk in exchange for the potential of higher returns. Over 90% of our Managers for this Class were positive during the month of July. As stated in our prior commentary (Click here to view), broadly speaking, Eagle's View is in the business of seeking to invest in strategies and Managers who capitalize upon inefficiencies in the market whether they be structural or otherwise. Also as stated, the EFTA00635837 chaotic trading at the very end of June created market dislocations (and hence market inefficiencies became more pronounced). It is precisely this type of environment that allowed for the strategies we invest in to experience outsized gains during July, regardless of the overall level that the markets ultimately traded. We did not make bets on the Greek outcome, or, other discrete bets on market movements. Rather, our Managers took advantage of the inefficient trading that occurred due to chaotic trading environment, particularly toward the end of June. Based upon Manager estimates, we had made back any June losses within the first few days of the month, long before the Greek situation played out. Furthermore, as indicated above, the gains amongst our Managers were widespread, highlighting the fact that our gains were not attributable to any particular bets on the Greek outcome, or, otherwise. In effect, we believe our Managers are "indifferent" to such events/outcomes. During less chaotic environments, our Managers have historically been able to put up smooth and solid returns as there have historically been market inefficiencies to be capitalized upon, even if to a more or lesser extent. We do not expect 3% months with regularity. We do expect our average monthly return profile to be more line the +/- 1-2% range, with a positive skew, meaning we expect our winning months to exceed any losing months on a % basis. Historically, Eagle's View Capital Partners, has been profitable in more than 80% of all months since inception more than 5 years ago. As market activity and volatility seems to be picking up as of late, we believe this is an excellent time to consider our strategy for investment. Although we are not in the prediction business with respect to market direction, based upon the predictions of some market observers and participants, we may be at a point in the market cycle for equities and fixed income where investors may find it attractive to incorporate strategies that do not rely on the direction of stocks or bonds to generate returns. Historically, Eagle's View has shown little/no correlation to the direction of Equities, Fixed Income, or Commodity markets. Rather, we believe we do have some correlation to the availability of market inefficiencies which have historically have been more modest due to the lower volatility environment we've experienced these past few years. If increased volatility and dislocated trading continue to occur, we expect the volatility of our own returns to increase (currently, Eagle's View Capital Partners, L.P. runs at a 3.40% annualized volatility of our own return stream). However, we also believe this will likely come with an increased nominal return profile due to the increased availability of market dislocations to be capitalized upon. As of July 31, Eagle's View Capital Partners, L.P. is handily beating the HFRI Fund of Funds Composite index by 175 bps (+2.98% as of July 31) , and we are also beating other major markets indices as of July 31. That said, we really don't consider either index a good benchmark for our unique absolute return and non-correlated source of alpha. Should robust opportunities continue along this trajectory, we believe our offshore Funds will soon experience similar outperformance, although, that is unknown at this juncture. We are accepting new investment within our Fund of Funds products as well as within our Advisory business. Please contact me with further interest in our products/services. EFTA00635838 Disclaimer: Past performance is not indicative of future results. This newsletter is provided for informational uses only and should not be used or considered an offer to sell, buy or subscribe for securities, or other financial instruments. Prospective investors may not construe the contents of this newsletter or any prior or subsequent communication from us, as legal, tax or investment advice. Each prospective investor should consult his/her personal Counsel, Accountant, and other Advisors as to the legal, tax, economic and other consequences of hedge fund investing and the suitability of such investing for him/her. Further, the contents of this newsletter should not be relied upon in substitution of the exercise of independent judgment. The information contained herein has been obtained from sources generally deemed by us to be reliable, however, all or portions of such information may be uniquely within the knowledge of parties which are unaffiliated with us or our affiliates and, therefore, may not be amenable to independent investigation or confirmation. In such cases, we have not undertaken to independently investigate or confirm the accuracy or adequacy of such information, but we have no reason to believe that such information was not accurate and adequate, to the best of our knowledge, when given. The index comparisons herein are provided for informational purposes only and should not be used as the basis for making an investment decision. There are significant differences between client accounts and the indices referenced including, but not limited to, risk profile, liquidity, volatility and asset composition. Funds included in the HFRI Monthly Indices must report monthly returns; report net of all fees retums; report assets in US Dollars, and have at least $50 million under management or have been actively trading for at least twelve (12) months. Fund of Funds invest with multiple managers through funds or managed accounts. The strategy designs a diversified portfolio of managers with the objective of significantly lowering the risk (volatility) of investing with an individual manager. The Fund of Funds manager has discretion in choosing which strategies to invest in for the portfolio. A manager may allocate funds to numerous managers within a single strategy, or with numerous managers in multiple strategies. The minimum investment in a Fund of Funds may be lower than an investment in an individual hedge fund or managed account. The investor has the advantage of diversification among managers and styles with significantly less capital than investing with separate managers. PLEASE NOTE: The HFRI Fund of Funds Index is not included in the HFRI Fund Weighted Composite Index. It is important to note that investing in hedge funds involves risks. Please request and read the Private Placement Memorandum for a complete description of the risks of hedge fund investing. Hedge fund investing may involve, in addition to others, the following risks: the vehicles often engage in leveraging and other speculative investments which may increase the risk of investment loss; they can be highly illiquid; hedge funds are not required to provide periodic pricing or valuation information to investors; they may involve complex tax structures and thus delays in distributing important tax information may occur; hedge funds are not subject to the same regulatory requirements as mutual funds and they often charge high fees. Opinions contained in this Newsletter reflect the judgment as of the day and time of the publication and are subject to change without notice. Eagle's View Capital Management, LLC provides investment advisory services to clients other than the Funds, and results between clients may differ materially. Eagle's View Capital Management, LLC believes that such differences are attributable to different investment objectives and strategies between clients. Past performance is not a guarantee of future results. If you are not the intended recipient or have received this communication in error please notify the sender immediately and destroy this communication. Any unauthorized copying, disclosure or distribution of the material in this communication is strictly forbidden. Kindest regards, Neal Berger President Eagles View Capital Management LLC 212.421.7300 Forward email This email was sent to jeevacation@gmail.com by Rapid removal with SafeUnsubscriberm About our service provider. EFTA00635839 Eagles View Capital Management LLC I 135 East 57th St. 123rd Floor I New York I NY 10022 EFTA00635840