From: Neal Berger To: [email protected] Subject: Eagle's View Capital Management, LLC- April 2015 Performance Update... Date: Mon, 18 May 2015 01:26:42 +0000 Eagles View Capital Management. LLC April 2015 Performance Update May 17, 2015 April is the cruelest month- T.S. Eliot Click here to view our most recent monthly investor tearsheet Dear Partners/Friends, Performance of Eagle's View Capital Partners, IN is estimated at -1.75% for April with YTD performance estimated at -0.38% net of all fees and expenses. Performance of Eagle's View Offshore Fund, Ltd. Class G is estimated at -0.70% for April with YTD performance estimated at -1.65% net of all fees and expenses. Performance of Eagle's View Offshore Fund, Ltd. Class B ("High Alpha") is estimated at -1.15% for April with YID performance estimated at -1.86% 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. April was the worst monthly performance on record for Eagle's View Capital Partners, at -1.75%, although, our largest peak to trough drawdown of -3.13% remains intact. I suppose many of our competitors would scoff at -1% handle as being the worst monthly performance since inception, however, we take any losses very seriously. We are pleased that our losses remained within expectations and within reasonable tolerance levels as a result of our highly diversified portfolio and solid risk management. That said, we will continue to state that our best and worst months are likely ahead of us. At the mid-month April, our Funds were tracking "normally" positive. Unfortunately, the last 10 days of the month saw chaotic and dislocated trading in a number of major markets leading to losses within some of our underlying