EFTA Document EFTA01384523

HOBUS133 Alpha Group Capital Hudson Bay Fund LP Hudson Bay International Fund Ltd. Fin» Overview H..I&3on B.3/ (.3artst Mw..4jernent LP is a manager Ot s;ternstive oppo, ;n the global markets targeting traditional and non-tracktion sources of alpIia by employing a diverse set of catalyst-driven absolute return strategies that are intended to be uncorrelated to each other and to the mar indices. Our multiple portfolio teams invest across the corporate capital structure and often trade around or in conjunction with an event or catalyst in an effort to exploit market inefficiencies. Founded in December 2005, with Sander Gerber æ Chief Investment Officer, the firm has 73 employees, inducing 39 investment/risk professionals, who seek to achieve persistently Dositive returns while maintaining a focus on risk management and capital preservation. Investment Profile • Catalyst driven tracing-oriented firm that invests across multiple strategies. irxiudng convent* arbitrage, merger and event-driven arbitrage, longIshort equity, volatility tradng and credit • Diversrfied portfolio conxirised of a series of independent investment ideas that are designed to be uncorrelated to each other and market indices • Disciplined investment process which generally seeks to hedge at the position level to minimize risk. • Integrated risk management throughout the entirety of the portfclio constrt;ction press and at &l levels of the Firm. • Dynamo allocation of capitS across multiple strategies based on the bottom-up evaluator- of specific trade opportunities within the context of the overall macro environment. • Collaborative culture that allrors for Alpha generation at the intersection of stiateges • Focused on achieving persistent profitability and preservation of capital. Performa nce listory Hudson Bay Fund LP — Net Monthly Performance 2018 Jan 0.88% Feb 1.01% Mar 0 23% Apr 0 529, May 1 15% Jun 060% Jul 0.17%, Aug Sep Oct Nov Dec Year 4 86% 2017' 1.33% 0.200002% , 17-9 -047% 0.05%1..38% 018•:. 04% 1 15% 24Y8 027•,: 0 26-; zow B.67%. -Or: 0 6 0 19%, 0 49% 24% 0 3E% 0 44', c 49v, -0 10% 0.26% 2 C45'. tow -084% 1.44'1 0.99% -020% -0.325 -0 57% -049% 035% -060'5 -0 74% -1 0691 0.10% •165% 2014 026": 1 65,, -1.04,4 -1 10% 0 12% 1.301, 023% 012% -009-5 -304%, 0.15% -0:37% 'S5'> 2013 -053% 0.26% 009% 0.90% 1 77% 1.2859. -0 14s9 0.25% -0.13% 0.06% 1.77% 2.15% 861% 2012 066b 116%, I.014%. 1.72% 074% 140V, 074'.M 105%. 0.7.3% 0 17,, 012•, 0.02% 10.63% 2011 1.44% 0.72% 0.59% 049% 0.56% -028% -008% -004% 0.391E 0.50% 0.18% -002% 4.54°F3 2010 04m% 0 46% 2.97% 1.47% •1.31% 6 629- 1^5., 2.33t., 0.33% 10Y* 0 13% 0.28% 9.03% 20311 8.10% i21% -087% -018% 5.59% 2 90% 260% 3.08% 2.94% 1.77% 1.01% 3.1X1% 3551% 2008 ! 00% 133`:, 0.53% -042% 2.03'<:. 1 34% 016'.r, 661% 0.13% 094'55 2 34% 0.06% 11 01, 2007 1.02% 0.85% 2.59% -0.96% 0.94% 0.64% 0.21% 109% -0.09% 1.37% 0.95% -3 53% 5.71% 2006 4'2% 2 92n 4.06c: 4.97,‹ 132% 23% 2 00% 13.10% 1.33% e 79% 0 79%, 1.05% 45 68%3 Hudson Bay International Fund Ltd. - Net Monthly Performance Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Year 2018 1 GP 1.03% 0.35% 0% 144% 0.91% 023-, 562'` 201% 1.14% 040% 020`.'. 123'% -0 56%. 015'‘ 142% 0.23'4. 1,179, 1,31% 2 0334c. 1022% 2016' 056% .05E'% 062"• 016'- 050% 026:% 3 37./.;• 45 '•• 046"t -047"; 03i': 1.2u':. 403'v 201r -0.58% 145% 1104b -0 26^ -0.32% -058•% -0 53% 0.30% -0.55% -0.98'S -1.15% 0.21% -1.92% 2014 0.47'* -1 W.-, -3 C.1;^.; 77r'. 0.18% -0 32% -215% -2 96% 0.15 % -068% -2.05%: 2013 -0.6495 030'1^ 0.59% 0.81% 1.29% 1.15% -0.04% 0.24% 4.16% 0.03% 1.82% 2.28% 7.919k 2012 063•", 136<= 121% 133n 062i% 1.33%. 052'S 107`3 071i:'<, 0.11 0.16'^ 0 524 11.36% 2011 132% 027% 0.55% 029•4 0.57% -0.36% -0.05% -0.28% 0.49% 0.61% 0.18% 012% 4..41% 2010 0 36% (3.23% 2.94% 1 29,9 -1 11-9 .0.52% 1 13, 2 2599 0.24% 0.45% 0. 10%b 030'5 2009 7.48% 0.30% 4.91% 135% 4.80% 3 31% 2 45% 225% 2.70% 1.33% 0.534A 330% 31.71% 2008 O.Ev.% 131, 077% 0.4r 2.01% 103'S 27t;.. -0 97s0 0.73-:3 073,244V. 0.1574 1014'6 2007 1.02% 0.77% 2.33% -0.74% 0.76% 007% 0.39% 1.71% -0.21% 1.24% 0.85% -3.92% 4.94% , 2006 081% 2.%)% 6.60% 08.2% 154y 0.53% 0.88'7.. 14244+. July 2018 Finn AI E $2,792,771,135 Hudson Bay Fund LP AVM: $617,783,224 Since 1~N» Nee cl Pees Heal ' funeLP 5Cre" HFAIF1M- Coretootinel fronuaein Re4- C-terefiebvt.R•Ibin 0: •;11. iReeetlattot VAL, (14 Nee«, Manes RISK ISU/staid Desletton T. 1397% ' I 553% Snaut , 0.56 E 056 0d0 ; 092 PERFORMANCE CHARACTERISTICS e'rrt:i 0.0f 0.20 Alcha 10.96% I 10.03% P4,1 000 02 GROWTH OF INITIAL $IMI» si(416 Jx....1r-Ar-4.b.. Jon. atn. 7.rt. Jan. 4un. 4n• 0e1 07 CN 0,1 10 11 1i 14 19 15 17 1›, Hudson Bay International Fund Ltd. AUM: 81,918,090,63(1 SErat frotteton seet ot Foos RETURNS HuOiontsy intlfuna Lid 17S 6% ?4% I 52,76168 S2.Ø523 70.45% 8514111. 457% i5 PERFORMANCE CHARACTERISTICS CO:fl Annueltzed Mons Bau GROWN OF raiTrAi.111.003 1.11IP $22S6 31 SQ) SI fin :co $711,i 51.627 40 657% 550500 14 16% 5 V% 151 i 54 03 or, or: B.o7% 001 015 HFR•va IVu Jun . .hun. i1N. Jun. jutr ihn• lute. Jun .:VT .ase. Jun. 06 07 04 :10 03 It 12 n t• ir 10 17 i9 oat oeffertnar,e tt. net netetssfely ~mot t4 %btu. tetas • sn•ca.r...imers :..(x-44ineey4 ateoteboe ye cewfogroseen Ete-soerboo " 11,0 SW Sill arri IITRIPtt tan %tei.fre eareie0! te im01255.1 in eirecty. See the knorettettn :tad Meetoottl DOc ~bog Ethenntaxxt ccoe.ton3 Vt9 conttat-ton ,4 to Fbeelt Eett54 tote:re& EaCtonS CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) CONFIDENTIAL SDNY_GM_00230966 Rer DB-SDNY-0084782 EFTA01384523