To: jeevacation@gmail.com[jeevacation@gmail.com];
jeevacation@gmail.com[jeevacation@gmail.com]
From: Barren, Paul S
Sent: Mon 1/24/2011 6:35:52 PM
Subject: HI
Hi Jeffrey
A couple of things:
1. AMR Convert back down to 113.00. We have $1MM. I think we should buy another $1MM.
2. We are launching a Digital Growth Fund — I think you should sign a NDA and see which names the fund
has committed to.
3. We are going to offer separately managed accounts focusing on a) Internet Mobility b) Converts. These
will be daily liquidity with a 35bp management fee and 15% performance fee. Let me know if this is of
interest.
4. The Turkish Lira is down 11% since November. There was some technical selling by local banks which
we think is overdone. I think we should buy a 6 month 1.5250 TRY call for 6 months and finance it with a
3 month 1.5600 TRY put with a 1.7000 Knock-In. This will pay us a small net credit.
Let me know
Paul
Paul Barrett, CFA
Managing Director
Global Investment Opportunities Group
JPMorgan Private Bank
EFTA_R1_00543225
EFTA02032494
EFTA_R1_00543226
EFTA02032495