[External] Re: Montpelier Trust: Blackrock European L/S
Thanks Sean. Possible to run a quick analysis of the monthly return correlations between the other two funds where we are already invested; Millennium and Graham, over the past few years?
We'll pull the trigger for SIM into this Blackrock alternative if the correlations with these other two fund performances are low.
sgb
On Jul 3, 2019, at 09:38, wrote:
CONFIDENTIAL
UBSTERRAMAR00004409
EFTA00239673
Scott,
As discussed with Lyle, please see attached a factsheet and flipbook for the Blackrock European Long/Short Fund. I have included a small description of the fund below.
Blackrock European Long/Short Fund
AUM: $4.2B Fees: Class E ($1,000,000 minimum) 1.75% mgmt. fee and 20% incentive. Class D ($100,000 minimum) 2.25% mgmt. fee and 20% incentive fee Liquidity: Monthly upon 30 days written notice Drawdown in '08: N/A Annualized Return: 15.5% Standard Deviation: 9.59% Fund Inception: 2011
Fund Description:
The European L/S Hedge Fund is a high conviction portfolio of approximately 100- 180 names across all market capitalizations. The Fund is primarily invested in Pan European companies with a target net exposure of -30% to +40%. BlackRock employs a bottom-up, fundamental approach with a strong macro overlay when constructing the portfolio, complemented by rigorous and sophisticated risk management tools.
Please let us know if you have any questions.
Thank you,
Sean
Sean J. McNamara, CFA
Wealth Strategy Associate
UBS Private Wealth Management
Email:
Please visit our website at http://financialservicesinc.ubs.com/wealth/E-maildisclaimer.html for important disclosures and information about our e-mail policies. For your protection, please do not transmit orders or instructions by e-mail or include account numbers, Social Security numbers, credit card numbers, passwords, or other personal information.
Please visit our website at
http://financialservicesinc.ubs.com/wealth/E-maildisclaimer.html
for important disclosures and information about our e-mail
CONFIDENTIAL
UBSTERRAMAR00004410
EFTA00239674
policies. For your protection, please do not transmit orders or instructions by e-mail or include account numbers, Social Security numbers, credit card numbers, passwords, or other personal information.
Please visit our website at http://financialservicesinc.ubs.com/wealth/E-maildisclaimer.html for important disclosures and information about our e-mail policies. For your protection, please do not transmit orders or instructions by e-mail or include account numbers, Social Security numbers, credit card numbers, passwords, or other personal information.
CONFIDENTIAL
UBSTERRAMAR00004411
EFTA00239675
Thanks Matt. Please send subscription documents for $1M to:
Scott Borgerson
CEO/CargoMetrics
On Jul 5, 2019, at 10:30, wrote:
Scott,
Please see below for the 3, 5, and 7 year correlation analysis on the requested funds.
<image001.png>
<image002.png>
<image003.png>
<image004.png>
<image005.png>
<image006.png>
Thanks,
Matt
Matthew R. Klein, CFA, CFP
UBS Private Wealth Management
Steelman I Casriel Group Barron's Top 50 Private Wealth Management Teams Barron's Top 100 Advisors Financial Times Top 400 Financial Advisors Forbes Best-In-State Wealth Advisors
My Total Picture: A convenient way to view your various accounts – from inside and outside UBS – in one place. Contact me to learn more or visit:
From: Scott Borgerson [REDACTED]
Sent: Friday, July 05, 2019 9:53 AM
CONFIDENTIAL
UBSTERRAMAR00004408
EFTA00239672
To: Klein, Matthew Cc: McNamara, Sean; Casriel, Lyle; Walker, Christopher; GMAX Subject:[External]Re: Montpelier Trust: Blackrock European 1/S
Thanks Matt. No rush. Happy 4th, sgb
On Jul 5, 2019, at 09:47, wrote:
Scott,
We will have the analysis run and send it over once complete.
Have a great weekend,
Matt
Matthew R. Klein, CFA, CFP
The image is a bar chart titled "UBS Private Wealth Management." The bars are blacked out, making it impossible to extract specific data points or labels.
However, based on the accompanying text, the key entities are:
- Matthew R. Klein, CFA, CFP
- Stackman I Casriel Group
- Barron's Top 50 Private Wealth Management Teams
- Barron's Top 100 Advisors
- Financial Times Top 400 Financial Advisors
- Forbes Best-In-State Wealth Advisors
These likely represent recognitions or rankings associated with Matthew R. Klein and his group.
Stackman I Casriel Group Barron's Top 50 Private Wealth Management Teams Barton's Top 100 Advisors Financial Times Top 400 Financial Advisors Forbes Best-In-State Wealth Advisors
My Total Picture: Aconvenient way to view your various accounts — from inside and outside UBS — in one place. Contact me to learn more or visit: www.ubs.com/accountactureuation
From: Scott Borgerson [ Sent: Friday, July 05, 2019 9:27 AM To: McNamara, Sean Cc:Klein, Matthew; Casriel, Lyle; Walker, Christopher; GMAX Subject: [External] Re: Montpelier Trust: Blackrock European L/S
Thanks Sean. Possible to run a quick analysis of the monthly return correlations between the other two funds where we are already invested; Millennium and Graham, over the past few years?
We'll pull the trigger for SIM into this Blackrock alternative if the correlations with these other two fund performances are low.
sgb
On Jul 3, 2019, at 09:38, wrote:
CONFIDENTIAL
UBSTERRAMAR00004409
EFTA00239673
Scott,
As discussed with Lyle, please see attached a factsheet and flipbook for the Blackrock European Long/Short Fund. I have included a small description of the fund below.
Blackrock European Long/Short Fund
AUM: $4.2B Fees: Class E ($1,000,000 minimum) 1.75% mgmt. fee and 20% incentive. Class D ($100,000 minimum) 2.25% mgmt. fee and 20% incentive fee Liquidity: Monthly upon 30 days written notice Drawdown in '08: N/A Annualized Return: 15.5% Standard Deviation: 9.59% Fund Inception: 2011
Fund Description:
The European L/S Hedge Fund is a high conviction portfolio of approximately 100- 180 names across all market capitalizations. The Fund is primarily invested in Pan European companies with a target net exposure of -30% to +40%. BlackRock employs a bottom-up, fundamental approach with a strong macro overlay when constructing the portfolio, complemented by rigorous and sophisticated risk management tools.
Please let us know if you have any questions.
Thank you,
Sean
Sean J. McNamara, CFA
Wealth Strategy Associate
UBS Private Wealth Management
Email:
Please visit our website at http://financialservicesinc.ubs.com/wealth/E-maildisclaimer.html for important disclosures and information about our e-mail policies. For your protection, please do not transmit orders or instructions by e-mail or include account numbers, Social Security numbers, credit card numbers, passwords, or other personal information.
Please visit our website at
http://financialservicesinc.ubs.com/wealth/E-maildisclaimer.html
for important disclosures and information about our e-mail
CONFIDENTIAL
UBSTERRAMAR00004410
EFTA00239674
policies. For your protection, please do not transmit orders or instructions by e-mail or include account numbers, Social Security numbers, credit card numbers, passwords, or other personal information.
Please visit our website at http://financialservicesinc.ubs.com/wealth/E-maildisclaimer.html for important disclosures and information about our e-mail policies. For your protection, please do not transmit orders or instructions by e-mail or include account numbers, Social Security numbers, credit card numbers, passwords, or other personal information.
CONFIDENTIAL
UBSTERRAMAR00004411
EFTA00239675