EFTA00703491.pdf

From: Neal Berger To: jeevacation@gmail.com Subject: Eagle's View Capital Management, LLC- November 2013 Performance Update... Date: Mon, 09 Dec 2013 02:55:19 +0000 7' Eagles View Capital Management LLC November 2013 Performance Update December 8, 2013 Click here to view our most recent investor tearsheet Eagle's View Offshore Fund, Ltd. launches aggressive share class Dear Partners/Friends, Eagle's View Capital Partners, is estimated at +1.00% for November with YTD performance estimated at +6.51% net of all fees and expenses. As we've noted, we've taken active steps to enhance the return profile of the Fund over these past few months without sacrificing our core tenets of wealth preservation, low volatility, non-correlated returns, all generated through prudent risk taking and broad diversification. We've seen an uptick in our performance these past couple months and we hope and expect this enhanced performance to continue in the months and years ahead. Eagle's View Offshore Fund, Ltd. Class G is estimated at +0.25% for November with YTD performance estimated at +4.82% net of all fees and expenses. As of Dec. 1, 2013, we have revamped Eagle's View Offshore Fund, Ltd. Class A with an extremely aggressive profile both in terms of return targets as well as risk/volatility. Class A will remain specifically for one investor as there are investments in the Class that are closed to further investment. It would not be fair to dilute this investor as a result of additional inflows of capital into the Class. That said, we may launch a sister Class with a similar profile if there is sufficient interest for an aggressive Class offering. We will report the performance of Class A each month within this commentary going forward which we expect will be markedly different in terms of returns and volatility versus our other offerings. We may offer this in a domestic Fund as well if there is sufficient interest for such a product. EFTA00703491 Eagle's View Offshore Fund, Ltd. Class A (Aggressive)will be a highly concentrated portfolio of "highest return opportunities". I dislike the term "best ideas" portfolio as this connotes that a Manager would include ideas that are less than the best within a portfolio, and further, that one has the ability to know in advance which ideas are better than others. The way we think about it, all investments should be best ideas, however, each may play a different role in terms of enhancing returns, reducing risk, reducing correlation, reducing volatility, increasing liquidity, etc. As such, we are calling this a "highest return opportunities" offering rather than a "best ideas" offering. Please bear in mind that when one is investing in a concentrated portfolio of high-octane Funds, despite diversification of strategies, the potential returns could be higher, however, so are the potential risks and volatility. That said, we see a need in the marketplace for a more aggressive product even at the expense of higher risk/volatility. During the month of November, roughly 65% of our Managers were positive. Gains were led by Algorithmic Pattern Recognition and Machine learning Statistical Arbitrage. Short-term Activism was also a positive contributor. Fixed Income Relative Value and Soft Commodities Trading led losses for the month. The Eagle's View Funds seek to provide investors with a truly uncorrelated source of alpha versus the equity markets, bond markets, and other alternative investment products. With the equity markets in the US gaining over 25% YTD, we are pleased that we are largely keeping pace with the hedge fund industry and Fund of Funds industry in terms of our return profile. Broadly speaking, the hedge fund industry and Fund of Funds do have a high correlation to equities. In our view, this reinforces the notion that Eagle's View is able to generate returns without taking on directional equity risk, coupled with substantially lower volatility and drawdowns. As such, we believe the quality of the returns that Eagle's View generates are much more favorable from a risk/adjusted return profile. In an environment when markets are rallying unabated, this fact seems to become lost and dismissed as irrelevant. However, during less heady times, this lack of correlation and more favorable risk/adjusted return profile is highly coveted and desirable. Eagle's View is invested in strategies that attempt to exploit market inefficiencies and maintain a positive expectancy throughout all types of market environments. We strongly believe in the value of providing investors with a return stream that is a unique source of alpha versus their other more traditional investments. We are accepting new clients within our Fund of Funds product as well as within our Advisory business. Please contact me with further interest in our products/services. 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 EFTA00703492 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 Ea les View Capital Management LLC Forward email yr This email was sent to by Instant removal with SafeUnsubsaibem Privacy Policy. Eagles View Capital Management LLC 135 East 57th St. 23rd Floor New York I NY 10022 EFTA00703493