EASTERN CAPITAL MANAGEMENT, LLC'

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EASTERN CAPITAL MANAGEMENT, LLC.
EASTERN CAPITAL MANAGEMENT
ECM

• PERSUANT TO AN EXEMPTION FROM THE COMMODITY
  FUTURES TRADING COMMISSION IN CONNECTION WITH
  ACCOUNTS OF QUALIFIED ELIGIBLE PERSONS, THIS
  DOCUMENT IS NOT REQUIRED TO BE, AND HAS NOT BEEN,
  FILED WITH THE COMMISSION. THE COMMODITY FUTURES
  TRADING COMMISSION DOES NOT PASS UPON THE MERITS
  OF PARTICIPATING IN A TRADING PROGRAM OR UPON THE
  ADQUACY OR ACCURACY OF COMMODITY TRADING ADVISOR
  DISCLOSURE. CONSEQUENTLY, THE COMMODITY FUTURES
  TRADING COMMISSION HAS NOT REVIEWED OR APPROVED
  THIS TRADING PROGRAM OR THIS BROCHURE OR ACCOUNT
  DOCUMENT.

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EASTERN CAPITAL MANAGEMENT
ECM
Disclaimer

• The information contained in this
  presentation is intended only for those persons
  who qualify as qualified eligible persons as
  defined by the CFTC regulations or who have
  received a copy of the disclosure document of
  Eastern Capital Management, LLC. The information
  included in this presentation cannot be saved,
  copied or redistributed without the express
  permission of Eastern Capital Management, LLC.
  No information in this presentation should be
  construed as an offer to buy or sell securities,
  options, futures, or any other investment
  vehicle. An investment in any program managed by
  Eastern Capital Management, LLC can only be done
  after a complete review of all salient risk
  factors, including the risk of substantial loss.
• If you have any questions, please contact
  Eastern Capital Management, LLC.

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EASTERN CAPITAL MANAGEMENT
ECM
Our Vision

• To be a premier investment management firm by
  helping clients reach their financial goals
  through quality investment solutions. ECM will
  pursue this vision by delivering strong and
  consistent investment performance along with a
  commitment to high-quality service and integrity
  to clients.

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EASTERN CAPITAL MANAGEMENT
ECM
Overview

• Global Macro-Styled Managed Futures
• Discretionary
• Short-term trade horizon
• Financial Futures, Foreign Exchange, Equity
  Index Futures
• Low correlation to equity and bond market
  indexes, as well as, other hedge funds
• Robust Risk Management
• Access to investment funds (no lockup)

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EASTERN CAPITAL MANAGEMENT
ECM
Trader Background

• Shawn Noh
• Founded Eastern Capital Management in 2007 and
  registered as CTA on January 22, 2008 with the
  CFTC and became a member of NFA as of the same
  date.
• Since 1990, Mr. Shawn Noh has been trading
  financial futures, foreign exchange, and equities
• Proprietary Trader at Citigroup in Tokyo (five
  years) then in London (six years) and Bank of
  Tokyo Mitsubishi UFJ in New York (five years)
• Washington University, Olin School of Business
  MBA, St. Louis, MO
• Shawn Noh is one of a few elite group of traders
  who was chosen to trade institutional capital
  while working at Citigroup and Bank Tokyo
  Mitsubishi. His performance during these periods
  was stellar, and he brings the same ideology and
  trading framework to ECM.

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EASTERN CAPITAL MANAGEMENT
ECM
Why Invest with ECM

• Eastern Capital Management provides a Global
  Macro Style of Trading that has been extremely
  successful at Hedge Funds for more than 25 years.
  Investment Banks have used these strategies to
  increase profits by using expert traders who can
  identify anomalies and trends in the markets and
  take advantage of these opportunities using
  regulated securities.
• Eastern Capital Management provides the
  opportunity to invest in the tried and true macro
  style using a robust risk management framework
  that has provided Shawn Noh with decades of
  success.
• By concentrating on global economies as a
  backdrop, ECM will find multiple opportunities to
  make money during any type of historical equity
  or fixed income investment environment.
• Eastern Capital Management is dedicated to a
  robust risk management strategy that avoids large
  losses, but will capture significant gains. By
  focusing on highly liquid products, ECM avoid
  liquidity crisis that can occur with illiquid
  products.
• The products used to express the view of Shawn
  Noh are mark to market daily by a regulated
  exchange.

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EASTERN CAPITAL MANAGEMENT
ECM
Objective

• To generate average annual returns of 25 net
  of management and
• incentive fees regardless of market conditions.
  A strong commitment to risk management and
  liquidity provides an excellent platform in
  difficult market conditions.

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EASTERN CAPITAL MANAGEMENT
ECM
Strategy Focus

• Discretionary, based upon Chief Traders 18
  years of extensive experience in market behavior
• Considers technical, fundamental, and
  statistical factors to identify and confirm
  opportunities
• Takes directional and spread positions over
  short-term and medium term time horizons
• Dynamic Risk Reward profile
• Continuously evolves and adapts to changing
  market conditions
• Integrity and commitment to excellence

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EASTERN CAPITAL MANAGEMENT
ECM
Factors Considered for Analysis

• Price Trends
• Market Patterns
• Technical Indicators
• Government Central Bank Policy
• Economic Announcements
• Fundamental Commentary
• Inter-Market Analysis
• Shawn Noh years in the market have allowed him
  to develop an intricate knowledge of how market
  prices will fluctuate in any market condition.
  Part of his analysis is determining if the market
  has created a outlying condition that he can
  exploit to generate income.

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EASTERN CAPITAL MANAGEMENT
ECM
Trade Management

• Trades are initiated after careful
  consideration of risk and reward and probability
  of successful outcome
• Initial risk per trade is limited to 0.25
  0.5 of account equity
• Position size is increased or decreased as
  trade demonstrates profitability
• Stop loss placement is dynamic, responsive to
  market conditions
• Winning trade is constantly examined and
  reexamined so as to protect profit

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EASTERN CAPITAL MANAGEMENT
ECM
Performance

• Annualized Return of 26.86 since inception in
  May 2007 through December 2008.
• One Year Rolling Return of 9.18
• Sharpe Ration 0.74
• Sorintino Ratio 1.58
• The return figures on this page are calculated
  after deducting fees disclosed
• in this document.

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EASTERN CAPITAL MANAGEMENT
ECM
Risk Management

• Position limits are critical and determined
  by the perceived probability of successful
  outcome
• Initial specific stop points for every trade
• Stops tightened on signs of trend exhaustion
  and possible reversal
• Trading size and frequency are reduced during
  periods of inadequate performance
• Patience to wait for above average profitable
  opportunities are religiously practiced
• Liquidity in the market is constantly being
  measured

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EASTERN CAPITAL MANAGEMENT
ECM
Investment Terms

• Eastern Absolute Return Program, LP
• Minimum Investment 250,000
• Management Fee 2 annually
• Performance Fee 20 paid quarterly
• Liquidity Daily
• High water mark Yes
• Lock-up None

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EASTERN CAPITAL MANAGEMENT
ECM
Professional Support

• Brokers MF Global
• www.mfglobal.com
• Contact Paul
  Rieger
• [phone]
• Newedge Financial
  (formally, Fimat)
• www.fimat.com
• Contact Robert
  Smearman
• [phone]

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EASTERN CAPITAL MANAGEMENT
ECM
Contact For More Information

• Eastern Capital Management, LLC.
• 220 E 42nd St., Suite 407
• New York, NY 10017
• [phone] (office)
• [phone] (cell)
• info_at_easterncapitalmanagement.com
• www.easterncapitalmanagement.com