EFTA01121574.pdf

Global Investment Opportunities Group LP, Morgan Securities LLC. GI Global imammeat ounerturvit Account Position and MTM Summary (Open Positions) Prepared for Southern Financial LIC as of April 30. 2013 Current Mt & Commodity rates USI)MXN 12.1378 XAUUSD 1476.89 GRUSD 1.5533 USDIPY 97.440 USDARS 5.1875 USDKRW 1101.28 EURUSD 1.3167 USDEIRL 2.0013 USEICHF 0.9295 USDC-AD 1.0072 USDTRY 1.792 USONOit 53696 • Intrad via Womb. trade Date Symbol Company Dividend Entry Price Current Price Shares Currency Industry Cost Basis (5) Market Value (S) MTM Yield (Local) (Local) 11.0ct.11 TEF (1.5001 Telefonica Sa-Spon Mr Communications 0.00% $30.000 ($21.855) 20.05 14.57 5%225 15-Jun.12 TEF (39) Telefonica Sa-Silon Mr USD Communications 0.00% $488 (5568) 12.52 14.57 (580) 24-3an.13 ARIA 9,000 Ariad Pharmaceuticals Inc USD 'mum«, Non.cydic 0.00% (5176.400) 5160.830 19.60 17.87 (515,570) 14.Feb-12 ARIA 7,535 Ariad Pharmaceuticals Inc USD 'mum«, Non.cydic 0.00% (5114.600) 5134450 1521 17.87 520,051 24-Oct-12 Df 25,000 Dean Feeds Co USD 'mum«, Non.cydic 0.00% (5470.4501 5478300 11382 19.14 5(.050 12-Jul-10 DAG 50,000 Pvvrilis Db Agri Double Long USD Funds 0.00% (5352.550) 5499.450 7.05 9.99 5146,900 17-May-12 FB 17,500 Facebook Inc-A USD Communications 0.00% (5665.000) 5485.958 38.00 27.77 ($179,043) 14.Feb-12 BUB 2,095 Biogen Idea Inc USD 'mum«, Norpcydir 0.00% (5250.455) 5458,658 119.55 218.93 5208,203 23-Apr-13 GE 23,000 General Electric Co USD Industrial 3.41% (5495.1901 5512,670 21.53 22-29 $17,480 truchsred Nota Manual Pricing via .IPMorgan Investment Bank as of day trade Date Maturity Face Amount Long Description Cost Basis (5) Market value (5) Interest Entry Price (5) Current Price (5) MTM Received 8-Nov-12 22-Nov-13 1.000.000 Gs Note 11/22)13 Lnkd To Man Vs Usd 85%tlarriee 5% Atrnfpn-22.9%Martin (51.030,000) $1,137,180 $0 $100.00 $113.72 $137,180 9-Jan-13 24-Jan-14 1.000,000 Ilsbc RenInked To Cnh Vs Usd Skiev. 500%Maxrtrn 01/09/13 Initial Strate26.1995 ($1,000,000) 51.010,800 $0 5100.00 $101.08 $10,800 14-Feb-13 20.Aug-14 1,000,000 MS Market Plus MRK 08420x1480% EKO Barrier 3.5% CPN, Uncapped Initial Level (51,000.000) $1,120,350 $0 5100.00 $112.04 $120,350 5-Apr-12 16-Apr-15 1,500000 Meritor CLN 6200% CPN 04/16/2015 Dtd 04/1612012 (51500.000) $1,573,800 $69.1388 5100.00 $104.92 $143,688 U.S. Fixed Income • Conrad •• via Bloom Trade Data Maturity Mat Amount Issuer 58.P Rating Nest Call Date Coupon Peirdipal Cast Market Value Total In! Thad to Worst Entry Price Current Price MIM Accrued 22-Feb-12 15-lan-2018 1,000,000 Nrg Energy Inc BB- WA 7.625% (51,C0 ,560, $90,653 39'% 100.15 $115.88 5347,913 22-Oct-12 01-Apr-2019 1,000,000 Headnaters Inc 8+ Y1/2015 7.625% (51,035,000) 51.097,500 $39,819 4.71% $103.50 5108.75 $92.319 22-Oct-12 15.May.2019 400,000 Earthlink Inc B- 5/192015 8.875% (5414.000) $425,300 $18.539 7.04% $103.50 510623 529,839 23-Oct-12 15.May.2019 600,000 Earthlink Inc B- 5/192015 8.875% (5619,500) $637,950 $27,660 7.04% $103.25 510623 $46,110 1.Oct-12 01-Jun-2019 1,000,000 Kindred Healthcare Inc B- 6/1/2010 8250% (5996.250) $1,037,500 $47,896 6.96% $99.63 $10335 689,146 8-Nov-12 01-Jun-2019 1,000,000 Kindred Healthcare Inc B- 61112014 8250% (5970,000) $1,037,500 $39,417 6.96% $97.00 $10335 $106,917 24-Jan-13 15-Feb-2020 1,500000 Servicemaster Company B- 2/15..2015 8000% (51,595.625) $1.616,250 $32,000 6.10% $106.38 $107.75 $52,625 25.Feb.13 15-Feb-2020 1,000.000 Servicemaster Company B- 2/15..2015 8000% (51,070.003) $1,077,500 $14444 6.10% $107.00 $107.75 $21,944 3-Apr-13 10-Apr-2023 300,000 Barclays Bank Plc 888- 4/1012018 7.750% (5300,000) $308,550 $1,744 7.05% $100.00 $102.85 $10,294 15-Jun.11 Perpetual 2,500000 1pinorgan Chase 8 Co 88B 4/30/2018 7.900% (52,702.425) $2,910,500 $370,313 422% $108.10 $116.42 $578,388 1i-Jump Perpetual 2.500.000 1pinorgan Chase 8 Co BBB 4/30/2018 7.900% (52,702.425) $2,910,500 $370,313 422% $108.10 $116.42 $578,388 10-lan.11 Perpetual 2.000.000 Bank Of America Corp BB. 5/15/2018 8125% (52,081.180) $2,280,000 $374,653 4.95% $104.06 $114.00 $573,073 30-lan.12 Perpetual 1000000 Southern Cal Edison BBB- 2/1/2022 6250% (52,999.970) 53.383,370 $234,375 4-47% $100.00 $112.78 5617,775 27-Jun.12 Perpetual 2.000,000 General Dec Cap Carp 645/2022 7.125% (52,122.920) $2,313,000 $119,938 4.97% $106.15 $115.65 5310,018 EFTA01121574  Global Investment Opportunities Group LP. Morgan SetaeMet LLC. GIO Global intammeni fitsnorimaltin Account Position and MTM Summary (Open Positions) Prepared for Southern Financial LLC as of April 30, 2013 Current EX & Commodity rates USOMXII 12.1378 KAUUSID 1476.89 GBPUSD 1.5533 USDIPY 97.440 USDARS 5.1875 USDKRW 1101.28 EURUSD 1.3167 USORRL 2.0013 USOCSIF 0.9295 USDCAD 1.0072 USDTRY 1.792 USONOX 53694 nternatIonal Fixed Income • Intrad via Leconte Trade Date Maturity Face Amount Issue S&P Rating Total Int. Entry Price Current Price Currency Coupon Principal Cost (Si Market value (5) Yield to Worst MTM Accived (S) (Local) (Local) 9-Ort-12 02-Nov-2017 500,000 Pevoleos De Venezuela r USD 8300% (5440.250) 5483,750 $23,729 9.40 88.05 96.75 ,229 11-Oct-12 02-Nov-2017 1,000.000 Penises De Venezuela S 8* USD 8300% ($897.500) $967,500 $46,986 9.40% 89.75 96.75 $116,986 10-May-12 16.Dec-2021 1,500.000 Lloyds7,6 Bank Plc 888- USD 9.875% (51,627,500) 51815,000 $141010 3.57% 108.50 121.00 $331,510 26-Jan-12 15.Dec-2035 7,500.000 Republic Of Argentina WA USD 0.000% (51,038.750) 5406,200 5469.920 1385 5.42 ($162,630) 13-Oct-10 15.Dec-2035 10,000,000 Republic Of Argentina WA ARS 0.000% (5318.000) 515,455 5326.246 1236 0.130 5.23,701 Mortgage and Asset Backed • Manual Pricing via .IPMorgan Investment Bank trade Date Maturity Original Face Issue S&P Rating Next Call Date Coupon Principal Cost (Si Total Princ,lnt Entry Price Current Price Market value (5) MThl (Si (Local) (Local) 24-lan-13 25-Aug-2029 9,551,000 Nmbt 2004-1 IMI CCC 525/2013 1.100% (5562.273) 5555,653 $14,400 5625 • $ 6-Feb-13 20.Dec-2032 5,701,000 Semt 11 81 CCC WA 1.654% (5781.919) 5804802 $17394 7175 76.55 $36,276 5.Nov-12 25-Nov-2032 1,750.000 Gms1 2004-A 83 CCC WA 5.250% (5583.601) 5531,834 $82,116 8030 80.90 $30,349 El-Aug-12 25-Aug-2033 3,325.000 Cythl 2003-26 81 525/2013 5337% ($1,231,222) 51,067,279 $201,167 77.00 73.82 537,224 14-Nov.12 25-Apr-2035 10,000,000 lam 2005-2 1M1 CCC 525/2013 0.845% ($1,1658%) 51,211,671 566.308 70.00 75.48 5112,098 28-Nov-12 25-Feb-2037 8,180,000 Chase 2007-A1 2A4 CCC 82512024 2.990% (52,042.809) $2.016,660 5209,828 8830 95.82 5183.679 16-Apr-13 25-Mar-2033 4,500,000 Cwhl 2003181 52502013 5.750% (51,448.803) 51,321,144 570,100 9530 91.12 (557.559) 30-Apc-13 25-Apr-2033 2,726,000 Sax 2003-10 82 CCC 1125/2013 6.000% (51,076.783) $1.076,783 ($359) 100.00 100.00 ($359) EFTA01121575  Global Investment Opportunities Group LP. Morgan Securities LLC, Account Position and MTM Summary (Open Positions) C CO Ghana I ownsat CIPOCIIIMigiel• Prepared for Southern Financial LLC as of April 30, 2013 Current FX • Commodity rates USOMXII 12.1378 KAUUSD 1976.89 GBPUSD 1.5533 USLUPY 97.440 USDARS 5.1875 USDKRW 1101.28 EURUSD 13167 US0B11L 2.0013 USOCIIF 0.9295 USDCAD 1.0072 USDTRY 1.792 USONOIC 5.7694 Listed Preferreds Trade Date Maturity Dividends Entry Prite Current Price Share, Company S&P Rating Par Amount Coupon Principal Cost (1) Market Value (5) Received Yield to worst MTM 151 (Local) (Local) ov 0000 General Motors Co WA $50.00 4.75% (5400.000) $371,840 545,499 19.21% 50h* 46.48 517,339 9-Dec.10 12/1/2013 63,000 General Motors Co WA $50.00 4.75% (53,185373) $2,928,290 $399,541 19.21% 50.57 46.48 $91,808 15-Feb-13 2/1/2016 6,000 Cliffs Natural Resources WA $25.00 7.00% (5150300) $122,820 $1,021 15.27% 2300 20.47 (526.159) 22-Feb-12 2/15/2040 80,000 Gmac Capital Trust I CCC. $25.00 8.13% (51•82303) $2,191,200 $166,111 5.07% 2334 27.39 $474,511 15-an-13 1/15/2073 25,000 Nextera Energy Capital BBB $25.00 5.00% (5625,000) $619,750 $5,122 5.04% 2300 24.79 ($128) 3-Feb-12 Perpetual 46,600 Albr Financial inc CCCr $25.00 8.50% (51,002,226) 11,297,482 $117,730 5.86% 2131 26.77 $362,986 9-Feb-12 Perpetual 80,000 Albr Financial Inc CCCr $25.00 8.50% (51,780.000) 52,191,600 $199,278 5.86% 2225 26.77 $560,878 17-Jan-13 Perpetual 27,000 Yamada Realty Trust 888- $25.00 540% (5673000) $672,570 $3.843 SAS% 25.O0 24.91 $1,013 29-Oct-12 Perpetual 90,000 Royal Elk Scotlnd Grp Pk 88 $25.00 7.25% (5951.600) $1,006,800 $24,569 SAO% 23.79 25.17 $79,769 7-Jan-13 Perpetual 90,000 Royal Elk Scotlnd Grp Plc 88 $25.00 7.25% (5977,600) $1,006,800 $9368 SAO% 24AM 25.17 $39,068 14-lan-13 Perpetual 90,000 Royal Bk Scotlnd Grp Plc 88 $25.00 7.25% (5993200) $1,006,800 $8458 5.40% 2988 25.17 520,058 2-Apr-13 Perpetual 35,000 Digital Realty Trust Inc BB. $25.00 5.88% (5875,000) 5870,300 $0 5.90% 25.00 24.98 (5700 16-Ape-13 Perpetual 12,000 First Republic Bank/5f WA $25.00 5.50% (5300.0001 $298,320 $0 25.00 2486 (51.680) Mutual funds and Mono Market Trade Date Symbol Units Company Currtmcy Dividends Entry NAv Current NAV Initial Cost (S) MartaValue (V) MTM Received (S) (Local) (Local) 25-Apr-13 JLTSX 49.504.95 *Morgan Lat. (I 000 000.00) $1 005 446 20.2000 20.31 55,446 EFTA01121576  Global Investment Opportunities Group J.P. Morgen Secunikies LLC. G I0 otobat invenrarer otmormeitir. Account Position and MTM Summary (Open Prepared lor Southern Financial LLC aa et April 30, 2013 Positions) Current FX & Commodity rotes USOMXN 12.1378 KAUUSO 147619 GBPUSD 1.5533 USCUPY 97.440 USOARS 5.1875 USDKRVY 1101.28 EURUSD 1.3167 USO8RL 2.0013 USOCHF 0.9295 USDCAD 1.0072 USDTRY 1.792 USONOR 5.7694 Forward Contraeis • Rates sourced intraday from Bloomberg Current Spot Current Alenin Trade Date Kahle Date Bought Notional Sold Notional Fix Date Contract Spot Contract Forward Rate Forward 1-Feb.13 644ay-13 CHF 6,190,500 EUR 5,000,000 Mn. 1.2391 1.2381 1.22387 1.22386 $76,609 14.Mar.13 18-Jun.13 USD 5,000,000 KRW 5,581,750,000 15.1un-13 1116.35 1116.35 1101.08000 1,103.00500 (560,494) 23.Ape-13 28-May-13 JPY 967,400,000 CAD 10,000,000 21-May-13 96.74 96.74 96.68900 96.63410 $10,870 Forward Contracts MTM $26,984 FX Optima • MTM Modelled via Blocenberg Currency 2 Original Cunrent Premium Trade Date Expiration Dinection Currency 1 Type Strikt Currency 2 Type Barrier Type MTM Notional Premium (5) (5) 8'Aug'12 0B.0ct.13 JPY Put 10,000,000 80.90 CAD Call (S347.809) 51,610,178 51,262,369 8'Aug'12 08.0ct-13 JPY Call 10,000,000 76.90 CAD Put Exp KI 0 69.65 5343809 SO 5347.809 FX Options MIM 50 51,610,178 51.610,178 Cornmodity Option, • MTM Modelled via Blocenberg Original Cunrent Premium Trade Date Expiration Direction Commodity Type Notional loz) Strikt Currency Notional Typt MTM Premium (S) (5) 19.Ape-13 11-Jul-13 Boten COM3 Call 100,000 111 11,193,000 3 IS90 CO2) 576,367 (59,633.34) 19.Ape-13 11-Jul-13 Sold COM3 Put 100,000 87.5 8,750,000 Call 113u1.13 586,000 (557.909) 528,091.26 Commodity Options MTM SO 518.458 r818.418 Total Return Sw Effective Maturity Accrued intereat Entry Price Dividends Current Price Trade Date Underlying Shares Rate Spread (bps) Notional I ' t_)I Date Date Paid (Lotet) Eamed (Local) 31-Jan.13 3-Feb.13 5-feb'14 Apple Inc 4,430 3mL 1.00% 52,017,023.30 (56.134) 5455.31 SO 442.78 18.2Mr.13 18.Mar-13 20-Mar'14 ((mal Transport Equipmt 888,972 3mL 0.70% 51,999,999.37 (52,325) 2504.92 SO 2.27926 Total Return Swaps MTM 54.017.023 (58.459) so (11124.1091) 8,21L0 5214.216 5211,558 5425,774 PI/ SP $6,112.197 $1,063,396 57,175,593 2012 LOY Opcn 55.685,137 Repo 50 50 50 Current Open MTM 57,763,369 MF IST $5,446 50 $5,446 Derivative 51,431,511 (51,935,203) (5503.692) YTD Change in Opcn MTM 52,078,232 Alternative 50 $0 50 2013 Closed P/1 ($660.249) Other IMIscollaneous 50 $0 50 pals ($660.249) 13 Hat PMomwlce $1.817,983 (0 2013 JPlbreal O,ese 6 Co EFTA01121577  Global Investment Opportunities Group J.P. Morgan Securities LLC. CIO Global Investment 00001101•1002 Account Position and MTM Summary (2013 Closed Positions) Prepared for Southern Financial LLC as of April 30, 2013 Dividend Entry Price Closing Price Trade Date Symbol Shares Company Currency Industry Cost Basis IS) Market Value (5) Closing Date P11. Yield (Local) (La call 8-Jan-13 CLMT 4,400 Calumet Specialty Product USD Energy 720% 1513%964) 5137,452 8-Jan-13 31.81 31.24 (52,512) 8-Jan-13 SLRC 4,400 Solar Capital Ltd USD Financial 10.03% 11107.360) 5105,688 8-Jan-13 24.40 29.02 (51,672) 8-Jan-13 TI.LP 3.200 Tesoro Logistics Lp USD Energy 328% (1133,440) 5134,909 9-Jan-13 41.70 42.16 S11169 15-Jan-13 USAC 6,000 Usa Compression Partners Lp USD Industrial 6.46% (1108.000) 5106,260 15./an-13 18.00 17.71 ($1,740) 16-Jan-13 ALNY 2,400 Alnylam Pharmaceuticals Inc USD onsunwr, Non-cyclic 0.00% 1$48.312) 150,040 16./an-13 20.13 20.85 51,728 16-Jan-13 TAN 6,600 Intermune Inc USD or/sumer, Non-cyclic 0.00% 1$65.340) 546,125 16./an-13 9.90 10.02 $785 17-Jan-13 AVEC 2,400 Aveo Pharmaceuticals Inc USD Hawser, Nort.cyclic 0.00% 1$19.000) 117,899 17./an-13 730 7.46 (1101) 17-Jan-13 CVRR 1,800 Cyr Refining Lp USD Energy 0.00% 1$45.1:00) 14%871 17./an-13 25.00 25.48 $871 18-Jan-13 MO 6,000 Molycorp Inc USD Basic Materials 0.00% (II14.000) 5111,358 18./an-13 19.00 18.56 (52,643) 18-Jan-13 NCLH 1,600 Norwegian Cruise Line 14oldin USD Consumer, Cyclical 0.00% 1530,400) 139,328 18-lan-13 19.00 2938 $8,928 18-Jan-13 Nn 5.200 Northern Tier Energy Lp USD Energy 1926% (S122,192) 5126,149 18-lan-13 24.46 29.26 (51,043) 14-Feb-13 ARIA 9,000 Ariad Pharmaceuticals Inc USD snsunwr, Non-cyclic 0.00% (1134878) $174,408 24-Jan-13 1521 19.38 537,530 24 -Jan-13 BPL 4,000 Buckeye Partners Lp USD Energy 6.71% ($210.160) 5208,523 24-Jan-13 52.54 52.13 (51,637) 25-Jan-13 BFAM 500 Bright Horizons Family Solut USD snsunwr, Non-cyclic 0.00% 1511,000) 113,758 25-lan.13 22.00 27.52 $2,758 25-Jan-13 MO 2300 Molycorp Inc USD Basic Materials 0.00% 1515000) $17,400 25-lan.13 6.00 6.96 S2A00 29-Jan-13 PNY 6300 Piedmont Natural Gas Co USD Utilities 3.60% (520&000) 5207,410 30-lan.13 32.00 31.91 (1590) 31-Jan-13 KERX 1,500 Keryx Biopharmaceuticals USD snsunwr, Non-cyclic 0.00% (512.731) $14,190 31-Jan-13 8.49 9.46 S1,455 31-Jan-13 VIM 3,500 Vanguard Natural Resources USD Energy 8.62% (197.475) 196,983 31-lan.13 27.85 27.71 (5492) 31-Jan-13 275 25,003 2oefis Inc USD snsumer. Non-cyclic 0.79% (5650.000) 5786.492 1-Feb-13 26.00 31.46 $136,482 14eb-13 CHSP 1,500 Chesapeake Lodging Trust USD Financial 4.06% (531.121) 131,559 1-Feb-13 20.75 21.04 $434 1-feb-13 NMM 3,500 Navios Maritime Partners Lp USD Industrial 1130% ($449.521) 548.859 1-Feb-13 14.15 13.96 (5666) 5-feb-13 EPD 4,000 Enterprise Products Partners USD Energy 4.42% (5218.240) 5218,072 5-Feb-13 54.56 54.52 (1168) 5-feb-13 BCC 1,000 Boise Cascade Ca USD Industrial 0.00% 1521,000) $25,269 6-Feb-13 21.00 25.27 $4,269 7-feb-13 BCC 3,500 Boise Cascade Co USD Industrial 0.00% (569.510) $69,263 7-Feb-13 19.86 19.79 11247) 14-Feb-13 MR 29,000 Armour Residential Reit Inc USD Financial 12.94% (1198.360) 1193,1,11 14-Feb-13 684 6.66 (55,219) 15-Feb-13 CIF 3,000 Cliffs Natural Resources Inc USD Basic Materials 181% ($87,000) 189,148 IS-Feb.13 29.00 29.72 $2,149 15-Feb-13 NUN 8.000 Nielsen Hokfings Mr USD Communications 1.85% (5260,400) 5260,6$44 15-Feb-13 3235 32.58 5254 15-Feb-13 PXD 1,000 Pioneer Natural Resources Co USD Energy 0.07% (5128.000) 5130,328 15-Feb-13 128.00 130.33 $2,378 21-Feb-13 KOPS 20,000 Michael Kors Holdings Ltd USD Consumer, Cyclical 0.00% (51,230,000) $1,201,181 21-Feb-13 6130 60.06 (128,819) 21-Feb-13 KMP 3,000 Kinder Morgan Energy Prtnrs USD Energy 5.88% (5259,050) 5259,377 21-Feb-13 86.35 86.46 5327 27-Feb-13 AGNC 15,003 American Capital Agency Corp USD Financial 15.02% (5474,450) $473,839 27-Feb-13 31.63 31.59 41611) 27-Feb-13 MPW 1,210 Medical Properties Trust Inc USD Financial 4.97% 1517.813) 117087 27-Feb-13 14.25 14.31 S75 28-Feb-13 DO 3,500 Oyncorp International Inc-A USD onsurner, Non-cyclic 0.00% (1142.205) 1143,357 1-Mar-13 40.63 40.96 $1,152 5-Mar-13 WP2 2,750 Williams Partners Lp USD Energy 6.20% (1135.135) 5134,362 5-Mar-13 49.14 48.86 41773) 6-Mar-13 ARI 4,000 Apollo Commercial Real Estat USD Financial 9.02% 1568.200) 548,238 6-Mar-13 17 OS 17.06 $38 6-Mar-13 MHO 500 MA Homes Inc USD Consumer, Cyclical 0.00% 1511.750) 112,210 6-Mar-13 23.50 24.42 5460 6-Mar-13 0 2,000 Realty Income Corp USD Financial 4.27% 1591,030) 191,078 6-Mar-13 45.90 45.54 41722) 7-Mar-13 DISCK 1,500 Discovery Communication{ USD Communications 0.00% (597.121) 5100,438 7-Mar-13 64.75 66.96 $3,313 7-Mar-13 KM 1,500 Kar Auction Services Inc USD Hamner, Non-cyclic 3.40% 1528,875) 129,234 7-Mar-13 1925 19.49 5359 7-Mar-13 BKU 500 Bankunited Inc USD Financial 3.31% (512.621) 112,755 8-Mar-13 2525 25.51 5130 8-Mar-13 PCYC 2300 Pharmacyclics Inc USD Hamner. Non-cyclic 0.00% (5235.000) 5235,330 8-Mar-13 94.00 44.13 5330 12-Mar-13 LXP 2,000 Lexington Realty Trust USD Financial 4.68% 1523,400) 123,339 12-Mar-13 11.70 11.67 (161) 13-Mar-13 BNNY 1250 Annie'S Inc USD Hamner. Non-cyclic 0.00% (550.000) 149,949 IlMar-13 40.00 39.96 (151) 13-Mar-13 HTVVR 600 Heartware International Inc USD Hamner. Non-cyclic 0.00% (551.870) 152.055 13Mar-13 86.45 86.76 5185 14-Mar-13 VIPS 1,000 Vipshop Headings Ltd Ms USD Communications 0.00% (524.000) 124,609 14-Mar-13 24.00 24.61 5609 15-Mar-13 TRU 1,000 Trulia Inc USD Communications 0.00% 1529.750) 131,009 15 -Mar -13 29.75 31.01 51,299 3-Apr-13 ARCC 3300 Ares Capital Corp USD Financial 8.37% 1561,635) 161,344 3.4.p.-13 17.61 17.53 ($291) 9 Apr-13 0)2 4,000 Cousins Properties Inc USD financial 1.65% 1$41.800) $42,359 9-Ape-13 10.45 10.59 5559 10-Apr-13 TMHC 1300 Taylor Morrison Home Corp-A USD Consumer, Cyclical 0.00% 1$33.1:00) 134,754 10-Apr-13 22.00 23.17 51,754 11-Apr-13 RLGY 9,000 Realogy Holdings Corp USD Financial 0.00% (1396.000) 5401,119 11-Apr-13 44.00 44.57 $5,119 11-Apr-13 INFI 7,500 Infinity Pharmaceuticals Inc USD Hawser, Non-cyclic 0.00% (5300.000) 5308,768 11-Apr-13 40.00 41.17 Sit.768 12-Apr-13 EVfC 4,000 Evertec Inc USD snsunwr, Non-cyclic 0.00% 1$80.1:00) 185,430 12-Apr-13 20.00 21.36 55,493 12-Apr-13 CIE 1,500 C.sesarstone Sdot-Yam Ltd USD Industrial 0.00% ($34,875) 135,639 12-Apr-13 2325 23.76 5764 18-Apr-13 API. 21,000 Atlas Pipeline Partners Lp USD Energy 6.50% (5714.000) 5723,644 18-Apr-13 34.00 34.06 $9,644 18-Apr-13 2,000 Intelsat Sa USD Communications 0.00% 1$36.1:00) 133,919 18-Apr-13 18.00 16.96 (52,081) 18-Apr-13 0.05E 1,000 Rosetta Resources Inc USD Energy 0.00% 1$42.500) $42459 18-Apr-13 42.50 42.46 4541) 18-Apr-13 TAM 1,000 Taminco Corp USD Basic Materials 0.00% 15151001 114,080 18-Apr-13 15.00 14.08 (5920) 11.0ct-11 TEF (1300) Telefonica Sa-Spon Mr USD Communications 0.00% 130,080 ($20.700) 113-Apr-13 20.05 13.93 $9,390 15.lun-12 TEF 139) Telefonica Sa-Spon Adr USD Communications 0.00% 5488 3 S313) 113-Apr-13 12.52 13.93 (150) 19-Apr-13 SEAS 2,000 Seaworld Entertainment Inc USD Consumer, Cyclical 0.00% 1$54,000) 541,419 19-Apr-13 27.00 30.71 $7,419 25-Apr-13 PLD 15,000 Prologb Inc USD Financial 2.67% (1624.000) 5624,136 25-Apr-13 41.60 41.61 5136 26-Apr-13 RESI 4,000 Altisource Residential Corp USD Financial 0.00% 1575.0001 178.238 26-Apr-13 18.75 19.56 $3,238 EFTA01121578  Global Investment Opportunities Group J.P. Morgan Securities LLC. Account Position and MTM Summary (2013 Closed Positions) I 0 CaroO•1 investment Onnoreursiria Prepared for Southern Financial LLC as of April 30, 2013 26.Apr-13 SPNC 600 Spectranetics Corp USD 'retailer, Non-cyclic 0.00% ($10.800) $11,220 26.4pr-13 la co 'S 70 $420 Equity M. 5211.558 Equity Syndicate M. 5191.016 U.S. Fixed Income Trade Date Maturity Faye Amount Total Int. issuer S&P Rating Newt Call Cate Coupon Principal Cost Market Value Closing Date Entry Price Closing Price PIE Accrued 24.0ct-11 15-Feb-2016 1.500,000 Hca Inc WA 6.500% ($1,530,000) $1450,000 1122.417 24lan.13 $102.00 5110.00 $242,417 13.Mar-11 01-Mar-2017 2.500,000 American Aide 8 Mfg Inc 8 WA 7.875% ($2,615,625) $2,575,000 $289,844 1.Mar-13 $104.63 5103.00 $249,219 17-Apr-13 Perpetual 3.000,000 1prnorgan Chase 8 Co 888 5/1/2023 5.150% ($3,000,000) $3,015,000 $289,844 17-Apr-13 $100.00 5103.50 $304,844 Irrtemationel Fixed Income Trade Date Maturity Face Amount Issue S&P Rating Currency Coupon Principal Cost (S) Market Value (5) Total Int. Entry Price Closing Price Closing Date Accrued (S) (Local) (Local) -tan-13 12. .000 America McnnISab De Cy M)0,1 6.450% ($1,004,417) $1,041,054 $15,705 19.Apr.13 105.75 106.325 552,343 EFTA01121579  Global Investment Opportunities Group LP. Morgan Securities LLC. GI0 Account Position and MTM Summary (2013 Closed Positions) Prepared for Southern Financial LLC as of April 30. 2013 Mo e and A B eked Total Int. Entry Price Closing Price Trade Date Maturity Original race Issue 58,P Rating Next Call Date Coupon Principal Cost (5) Market Value (5)