From: Neal Berger To: [email protected] Subject: Eagle's View Capital Management, LLC- March 2016 Performance Update... Date: Fri, 22 Apr 2016 20:04:12 +0000 Eagles View Capital Management, LLC March 2016 Performance Update April 22, 2016 Eagle's View enters Insurance Dedicated Space Dear Partners/Friends, Click here to view our most recent monthly investor tearsheet Performance of Eagle's View Capital Partners, L.P. is estimated at -0.90% for March with YTD performance estimated at -3.16% net of all fees and expenses. Performance of Eagle's View Offshore Fund, Ltd. Class G is estimated at -0.20% for March with YTD performance estimated at -3.64% net of all fees and expenses. Performance of Eagle's View Offshore Fund, Ltd. Class B ("High Alpha") is estimated at +0.50% for March with YTD performance estimated at -3.09% 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. The IQ was our most challenging quarter since inception. A combination of hedge fund deleveraging and whipsawing markets due to confusing signals from the Fed caused substantial and dislocated flows within a variety of markets. Equities suffered some of the most pronounced dislocated activity as some of the most widely owned hedge fund stocks were severely punished while some of the least owned names hardly budged. According to a March 15 Bloomberg article, "Since July 2015, Russell 3000 Index companies in which hedge funds have the highest ownership percentage have plunged 31% compared with a 2.8% decline in the Standard & Poor's 500 Index...". Marshall Front, CEO and Chairman of Front Barnett Associates, LLC in Chicago summed it up nicely, "When this kind of volatility takes place, you become host