From: Neal Berger To: [email protected] Subject: Eagle's View Capital Management, LLC- May 2014 Performance Update... Date: Thu, 12 Jun 2014 08:02:41 +0000 Eagles View Capital Management LLC May 2014 Performance Update June 12. 2014 Delivering upon expectations Dear Partners/Friends, Eagle's View Capital Partners, L.P. is estimated at +0.86% for May with YTD 2014 estimated at +6.52% net of all fees and expenses. Eagle's View Offshore Fund, Ltd. Class G is estimated at +0.50% for May with YTD 2014 performance estimated at +5.93% net of all fees and expenses. Eagle's View Offshore Fund, Ltd. Class B ("High Alpha") is estimated at +2.73% for May with YTD (April - May '14) estimated at +1.32% net of all fees and expenses. May was the second month of live performance for this Share Class which seeks to generate more substantial returns through a concentrated portfolio of some of our historically higher return opportunities. We informed investors within Eagle's View Capital Partners, L.P. toward mid-2013 that we were planning to make a concerted effort to enhance the return profile of the Fund. We felt that we had always delivered a very favorable risk/adjusted return profile, with low volatility and a high Sharpe Ratio. However, we have a desire to enhance the returns such that there should be an expectation of double digit returns even during these lower volatility environments. On Sept. I, 2013, we initiated a liquidity facility in an effort to enhance our returns and better manage the liquidity of our Fund. I'm pleased to report that since Sept., 2013, Eagle's View Capital Partners, L.P. has generated returns of approximately +9.12% during the 9-month period from Sept, 2013 through May 31, 2014. Furthermore, we managed to reduce our annualized volatility down to 2.70% and increase our Sharpe Ratio to 2.79 for the Fund since its inception. In addition, we've articulated the fact that we believe Eagle's View would provide a truly uncorr