Message-ID: <13579522.1075857603561.JavaMail.evans@thyme> Date: Mon, 14 May 2001 06:50:00 -0700 (PDT) From: michael.gapinski@ubspainewebber.com To: john.arnold@enron.com Subject: Additional offerings to round out your portfolio Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit X-From: "Gapinski, Michael" X-To: "Arnold John (E-mail)" X-cc: X-bcc: X-Folder: \John_Arnold_Jun2001\Notes Folders\All documents X-Origin: Arnold-J X-FileName: Jarnold.nsf John - I left a message about this last week, but wanted to follow-up with additional information for your review. We have three offerings currently available (or coming soon) that I feel would compliment the small/mid cap and fixed income exposure you already have through Redwood, Sequoia, and Willow. Quantitative Allocation, LLC: Integrates four quantitative investment models to drive aggressive (and potentially leveraged) asset allocation decisions. Generates exposure to stock and bond markets through indexing techniques and futures transactions. Portfolio market exposures can range from +325% to -175% of net assets. This is clearly different from the largely non-leveraged stock-picker funds you already own. I would consider this to be a predominately large-cap investment (I think of it as an index fund with a brain and on steroids - call me and I'll explain that comment in more detail). Juniper Crossover Fund, LLC: Managed by OrbiMed Advisors, and focused on global biotech and pharma. Up to 30% participation in private equity. This could be a way to get you some private equity exposure with a world-class manager. Tamarack International Fund, LLC: Long/short stock-picker fund focused on the international mid-cap market. I feel this fund is very similar in style to the managers you already own, but would give you exposure to the international markets that you currently lack. This is a new fund and the first closing will probably be in June. Of course, the summaries above are for information purposes only and do not constitute an offer to sell or solicitation of an offer to buy interests in these funds. Please call me if you're interested in any of the strategies outlined above, and I'll have the appropriate offering memorandum sent to you. Thanks, > Michael Gapinski > Account Vice President > Emery Financial Group > PaineWebber, Inc. > 713-654-0365 > 800-553-3119 x365 > Fax: 713-654-1281 > Cell: 281-435-0295 > Notice Regarding Entry of Orders and Instructions: Please do not transmit orders and/or instructions regarding your PaineWebber account(s) by e-mail. Orders and/or instructions transmitted by e-mail will not be accepted by PaineWebber and PaineWebber will not be responsible for carrying out such orders and/or instructions. Notice Regarding Privacy and Confidentiality: PaineWebber reserves the right to monitor and review the content of all e-mail communications sent and/or received by its employees.