EFTA01204597.pdf

Valuation Report 7/31/2014 EFTA01204597  SUMMARY OF ASSETS - JULY 31, 2014 6/30/14 7/31/14 $ Asset Value Value Change Cash 126,202,314 147,030,342 20,828,028 Fixed Income 64,856,286 63,290,970 (1,565,316) Equities 28,284,986 27,739,697 (545,289) Equity Options 2,285,000 1,865,000 (420,000) Equity ETF's 2,961,600 2,998,200 36,600 FX - Options & Derivatives 347,265 131,233 (216,032) Currency 399,538 390,462 (9,076) Hedge Funds 118,767,441 118,980,787 213,346 Investments 18,144,898 18,144,898 - Aviation, Automobiles & Boats 15,400,000 15,400,000 - Loans Receivable 1,447,446 747,446 (700,000) Fine Arts, Antiques & Jewelry 7.500.000 7.500,000 0 Total Assets 386,596,774 404,219,035 17,622,261 Cash Activity - Items over 50,000 Leon Fee 20,000,000 Servicemaster called by lottery - (sold 1,060,000 of 1,500,000 position) 1,144,800 HBRK Loan repayment 700,000 Sale of Copper trade 344,638 Sale of 2900 shares JPM 170,719 Monthly Spending (1,200,000) 2015 Suburban - Zorro (74,609) Rich Joslin Son Education (56,850) Miscellaneous (200.670) Total Cash Activity - Items over 50,000 20,828,028 EFTA01204598  Deutsche First BNP Paribas Welts Asset Description Bank Bank UBS & MJ Escrow Fargo Totals Cash Southern Trust Company 70,343,046 407,362 70,750,408 Southern Financial LLC 30,739,587 30,739,587 Jeepers Inc. 25,179,424 25,179,424 Haze Trust 9,864,258 9.864,258 JEE 3,338,401 381,058 1,989,730 5.709.189 Enhanced Education 2,602,494 127,311 2,729,805 FT Real Estate 572,326 572,326 JEGE LLC 237,349 237,349 LSJE LLC 228,461 228,461 JEE - Paris (US &) 206,017 206,017 JEGE Inc. 202,554 202,554 Zorro Development Corp 63,505 100,838 164,344 NES LLC 131,317 131,317 Nautilus Inc. 92.973 92,973 Hyperion Air LLC 85,680 85,680 Neptune LLC 83,870 83,870 Michelles Transportation Co LW 18.205 18,205 Plan D LW 10,400 10,400 Butterfly Trust 8,048 8,048 Thomas World Air LLC 7,715 7,715 Maple Inc. 5,365 5,365 Cypress Inc. 1,538 1,536 Laurel Inc. 1,304 1,304 The JEE Life Ins Trust #3 206 206 Total Cash 142,890,140 1,843,617 1,989,730 206,017 100,838 147,030,342 EFTA01204599  Purchase Quantity j 6130114 7/31114 Unrealized Asset Dncrlption Date Cost Value Value Gain (Loss) Haze Trust - Fixecalie7— ne Bank of America 8.125% Pk112/29/2049 05/10111 3600,000 3,389,621 3,392.000 3,372,278 -17,343 iridh a se , Jai/30/3049 Wan uocoto ! 3.337,958 3.495,469 3363,000 25.042 Peabody Ennergar Corp Sr Notes 7.375%11/1 /2016 05/10111 1,200,000 c. 1272.330 1.333,004 1,306,125 33.795 ipayment Inc 10:25% 5/10bir 10/02/12 500,000 458.682 456.406 41019 -20,21 JPM Tr Flt Rate Income Fund 01/22/13 211.084.912 . 2129,768 2,128,916 2,119,293 -10 475 WS Mortgage Loan kliorgi 1 5.7 5/10/13 1,5110,000.00 173,487 1.178.921 , 2,964 Citibank Preferred Sec K 6.875% 213114 79,000.00 1.999"419 9 144 088_ Z12273/4 123 111 Total Han Trust - FIxed income 13,761,264 14,036,780 13,898,196 136 932 Southern Trust to7Thxedinconn Ally Financial 8.5% Pfd Ser A 6/11/13 57,000 . 1.429.418 1,574,340 1,548,410 118,993 Naiion —Vde Society 6.87Nrimable 6/20/2019 4 15/14 2.000,000 . 3.439.193 3,518,625 3,536,507 97,313 Petroles De Venezuela 5% 10/28/15 9/17/13 2,000,000 1 863 511 SO 1,993.056 Ea Total Southern Trust Ca - FindIncome 6,732,127 7,003,948 6,986,972 253,548 Jaspers - FixedIncome JPM Must FLY RT Income fund 02/13/13 158,125.127 1,592.458 1.593 287 1,687,576 -4 882 Total Japan - FixedIncome 1,592,468 1,593,257 1,587,576 -4,682 Southern FinancialLIS - Fixed Income bank c4America 8.125% Pfd Dec 29 2049 1/10111 2.000,000 2.055.000 2,270.313 2.248,186 193,186 Barclays Bank PLC 7.75% 4/10/2023 4/3/13 300,000 300.000 339,067 341,294 41 294 Eirthink Inc 8.87591May 15 201r 10/22/12 400,000 410.913 404.438 416,494 e;682 Earthlink Inc 8.875% May 15 2019 10/23/12 600,000 615,210 806,656 624,742 9,531 General Electric Cap Corp 7.125% Dec 15 2049 6/27/12 2.000,000 2,110,805 2,386,338 2,B1:208 247,603 Headwaters Inc 7.625% 4/1/2019 10/22/12 1.000,000 1,022.304 1,086,351 1,075417 53,112 USG SX5E 8129/2014 80% Balder 4% Con 17% Cap hal 271 M4/13 2.000,000 _ 2,000600 2,260,200 2,222600 222,600 JPM Cont Buff SX7P 10/16/2014 85% Cont Barrier 25% Cap kik 9/24/13r 1 000 000 1000,000 1,029,200 1,035,900 35,900 TrP, Morgan Chase 8 Co PId 7.9% April 30 2049 6/15/11 .500.000 2,687.500 2626,667 2,t;2,6or 115,W JP Morgan Chase 8 Co Pfd 7.9% April 30 2049 6/55/11 2 500 000 2 675 000 2 828 667 2 802_,500 127,500 USG Capital 12/29/49 5/21/1 3,000,000 , 47,500 3,3677P— 3,545,512 96,012 Lloyds Bank 9.875%12/162021 5/10/12 1,500,000 1,620,150 1,859,273 1852792 232,641 Petrol's De Venezuela 5% 10/28/2015 9/16/13 2,500,000 2,329,395 2,373.118 2,378;8-1-9 - 49,424 Servicemaster Company 8% Feb 15 2020 1/24/13 440.000 460.633 1.661,250 481,531 20,899 &rvicemaster Company 8% Peb 15 2020 2/25/13 1.000.000 1,052.117 1,107,500 1,094,389 42,272 SG Market Plus WTI Crude 8/5/2014 78.75% Barr 10% Initial 1t. 7/25/13 2,000.000 2,000,000 2,178,200 2,182,400 182,400 Southern Cal Edison 6.25% Dec 31 2049 1/30/12 3.000,000 2.994,009 3,332,604 3348,750 354,741 My Financial Pld Ser A Callable 2/3/12 46,600 903,218 1.287.092 1,264.258 361,041 My Financial Pfd Set A Callable 2/9/12 80.000 1.610,000 2,209,6110 2,170,400 560,400 GMAC Cap m I GTD Pfd Sec Ser 2 8 227/12 80,000 1,882,774 2,164,000 2,174,400 291,628 Royal Bank Scotland Group PLC 7.25% Ser T 10/24/12 40.000 951,600 1,010,000 1,006,800 55,200 'Royal Bank Scotland Group PLC 7.25% Seri' 1/7/13 40,000 995,200 1 010 000 1,008.800 11,600 Royal Bank Scotland Group PLC 7.25% Ser T 1/14/13 40,000 977.600 _A,010,01)0 Sag 29.200 Total Southern Financial LLC - Fixed income 35 900,729 40 597 873 39,239 491 3 338 762 Southern Financial LLC- Axedincome (asset backed securities) factmake Countrywide Home Loans 2003-1d 815.75%3/25/03 4/16/13 1,064,147 993,663 935,563 925,051 -68,612 Washington Mutual lAt12-61W-RAI-d-CM‘I ar izst2o3a- 11/19/13 747.841 872.23r 688.836 SO 02,446 Total Southern financialUC - Find income (asset Staidsecurities) 1,565,900 1,624,399 1,876,134 13,834 TOTAL FIXED INCOME 64,856,286 63,290,970 Note: Accrued intent has been Included In month end fixed income va es EFTA01204600  Purchase Quantity 6/30/14 7/31/14 Unrealized Asset DesotoUon Date Cost Value Value W Fr ross) Southern FinancialLLC • Equities APO! Inc ,_, 10/28113 14,000 1,058,120 1 301.020 1 338 400 280 280 Apollo Glob) management 3/31111 263,157 4,999.983- 7. 9471 W03 1, 10.5Z Mad Pharmaceuticab Inc 2/14/12 7,535 114,597 47,998 43 402 -71195 Mad Pharmaceuticals Inc 1/24/13 k000 175,400 57.330 1 -124 sso Ascena Retail Group Inc. (Formerly Dress Barn 1.3.11) 1116/01 70300 1,500,000 1 205,550 1,1 , 467,770 Bank of New York Meion 6/25/14 250,000 0 076,406 9 370 000 9,760,000 683,594 Bingen Inc Inc 2/14/12 2.095 250.455 660,574 700.947 450,092 ricebook Inc 5/17/12 17.500 665.000 1,177,575 1,271,375 606 375 Foundation Medicine Inc 1116/14 25.000 687.684 674 000 563,000 •124.664 General Motors Co 12/9110 97.525 3 585 947 3 540 158 3,298,296 -287,652 General Electric Co 4/23/13 23,000 496,109 604.440 578,450 82,341 Gilead Sciences Inc 2/5/14 5,000 396.407 414,5W 457,750 61,343 Gilead Sciences Inc 3/7/14 3,100 246,797 257.021 283,805 37,008 A Moran Chase a Co. taold 7350 an 5121 at 64.01la 3,150,351less) 7/14105 11,603 5,667,885 835.663 669,145 4,998,740 Sangemo Boeciences Inc 5/28/13 50.000 422,214 763,5iTtO 594,000 171,788 Santander Consumer USA 1/28/14 1,000 24,000 19,440 19170 , -4 830 Twitter Inc 11/7/13 1500 atlf& MAW 67.785 211).t5 Total Southern Financial LLC - Equities 29,406,984 28,284,986 27,739,697 -1,887,287 Southern Financial LLC - Equity Options Call 100 Arnerkan Airiness@ 20 Exii/17/2015 12/12/13 1,000 803,315 2,290,000 1,870,000 .O68,886 Put 100 American Airlines 0 20 Exp 1/17/2015 12/12/13 (1,000) -197202 -59K Tag( 142222 Total Southern Financial LLC - Equity Options 605,813 2,285,000 1,865,000 1,259,388 louden'? Financial LLC - Eqtety ETF's VVIsdomtree Japan Fledged Equity 12/16113 60.000 2.966.099 2,961,600 2,998,200 32,101 Total Southern Financial LW - Equities 2,966,099 2,961,600 2,998,200 32,101 unrealized Southern FinancialLLC - EX Options & Derivatives salnat(s Long Call 7000 USDIMT Copper- Eurpean Exp ¶2/5/2014 4/3/14 5Q_Iols 331,250 375,981 0 Long Call USD vs JPY - Strike 101.00E 11/20/2014 11/20/13 1,000,000 44,800 18,455 24 497 -20,304 Shod USD vs JPY - Barrier §VEip 11 0 4 11/20113 21. ) -16,500 -10, 42 -5,743 10,757 Short USD vs JPY - Ranier Ba 98 Exp 11/20/2014 11/20113 (21,000) -15.000 -7,759 4,817 11,183 Short USD vs JPY - Barrier 97 Exp 11/20/2014 11/20113 (21,000) - DI= -2.537 10.763 0 -5,547 12,400 12,400 Long 1.345 strike EUR USD Put Exp 9/8/2014 8/6/14 10,000,000 0 39,565 120,812 Shod 1.38 strike EUR USD Call Exp 9/8/2014 615114 10,000,000 Q -82134 -1971 0 -23,159 118,034 118,834 total unrealized gain (Ion) 131,233 Total Southern Financial LW - FX Options & Derivatives 0 347,265 131,233 Southern Financial /IC - Currency S EI 1.3643 291,647 1.3379 399,538 390,462 Total Southern Financial LW - Currency 399,638 390,462 EFTA01204601  8/30/14 7131/14 MTD YTD Asset Description Value Value Return Return Hedge Funds - Southern Financial (SFLLC) Highbridge 20,536,148 20,723,027 0.91% 4.19% Tudor Futures 13,332,931 13,501.622 1.27% -2.44% Bruce Galloway 4,375,365 3,893,350 -11.02% -2.67% Boothbay Multi-Strategy Fund 10,079,740 10,059,581 -0.20% 0.60% Bear Sterns Asset Backed Sec 124.916 124,916 (book carryin value) Total Hedge Funds - SF LLC 48,449,100 48,302,496 Hedge Funds - Haze Highbridge 38,021,996 38,367,996 0.91% 4.19% King Street 27.899.483 ;7.913.43k 0.05% 6.66% Hedge Funds - Haze 65,921,479 86,281,429 Hedge Funds - Jeepers DB Zwim - Corbin - est of 5% holdback 20,000 20,000 ce Dubin less pymbi 0144t, 278044K &Mk 4 376 862 4.376.862 as of 9/30/2014 Hedge Funds - Jeepers 4,396,862 4,396,862 Total Hedge Funds 118,767,4411118,980,787 SFL Mort Southern FT Asset Description Inc. JEE Trust Real Estate Jeepers Investments am Kyara I (at cost) 100,000 Kyara II (at cost) 250,000 Jawbone Investment (grat at cost) 10,000,000 AYH Marina (value per jee) 1.000,000 SIC Adfin Solutions (at cost) 750,000 124 Parc Moceau - Palm Beach (at cost) 4,869,398 21 East 26th Street (repaid 220,500 of 920,500 (220.5 & 700) cost with .650,000 put 920,500 Columbia Holdings (repaid 588,333 + 333,333 of 588,333 cost with 588,333 projected 255,000 Totals 10,000,000 1,000,000 1,1001000 1,175,500 4,869,398 Total Investments 18,144,898 Hyperion JEGE JEGE Asset Description Air LLC LLC Inc Various Totals - Aviation, Automobiles & Boats 2001 Bell 430 N331JE 3,000,000 3,000,000 1988 Gulfstream G-IV N212JE 8,000,000 8,000,000 1968 Boeing 727 N908JE 3,000,000 3,000,000 Automobiles 700,000 700,000 Boats 700,000 700,000 Total Aviation, Automobile & 3,000,000 8,000,000 3,000,000 1,400,000 15,400,000 Boats I EFTA01204602  Asset Description JEE Totals Loans Receivable Adam Bly 300,000 300,000 Larry / Eileen VisasId 225,000 225,000 Johnn O'Sullivan 22,446 22,446 200.000 200,000 Total Loans Receivable 747,446 747,446 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 EFTA01204603