Subject: RE: IPS Follow Up Meeting Today
From: "Neil Callahan" <[email-masked]>
To: "'Eric Schwerin'" <[email-masked]>, "'Hunter Biden'" <[email-masked]>, <[email-masked]>, "'Chris Heinz'" <[email-masked]>
Date: Wed, 12 May 2010 13:18:25 -0400

This is great - do we know when they are going / will be back from
Australia?  Want to understand the critical path of what we need to work
through by the next meeting with them, which ideally is very soon after they
get back from down under.

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Neil Callahan

Rosemont Seneca

401 Greenwich Street, Suite 400 | New York NY 10013 | 212-933-9965

1010 Wisconsin Avenue, Suite 705 | Washington DC 20007 | 202-333-1880

917-945-9516 (mobile) 

866-749-8879  (fax) 

From: Eric Schwerin [mailto:[email-masked]] 
Sent: Thursday, May 06, 2010 6:07 PM
To: Hunter Biden; [email-masked] Archer; Neil Callahan; Chris
Heinz
Subject: IPS Follow Up Meeting Today

Great follow up meeting with Michael.   A few take aways.

1) He and Thad are going to Australia from the 17th to the 27th and meeting
primarily with two funds.  The Queensland Fund which partners with a Korean
SWF and a Malaysian SWF to make investments and together they have about
$200B AUM.  Also the Australian Futures Fund which has an AUM of about $70B.

 

2) The primary pitch is political risk mitigation, but the Queensland Fund
may do some trading on its own. 

3) Also potentially meeting with very large Australian
corporations/investors who do some investing in China and would likely want
their product to help evaluate that.

4) I told them we'd have them a deck (which Neil is working on) by tomorrow
as he wants to send info on RSP in advance of the meetings.   They were
going to do soft pitches to the potentials and gauge the interest.  They
were going to say that they would partner on these projects with a firm such
as RSP and share our deck.

5) Michael and Thad hadn't gotten into a lot of detail but Michael thought
the JV model was what might work best.  We talked about just white-labeling
and sub-contracting and he said he thought it better to have a little more
formal a structure and I said that I thought we agreed.  Something like RSP
Analytics where we would be the public face, but Michael and Thad would be
available to go on pitches with us.  Michael has already identified one
hedge fund quant guy who may work on this project for IPS part-time at least
initially and they'd think of bringing on one or two others potentially.
They think they need an additional quant or two with knowledge of the
industry to help supervise the other quants at IPS on this type of thing.
None of their quants would go out in public.

6) I told him that we would talk to a couple of our clients and that we'd
talk when they got back from Australia and we could give each other the
download from our respective surveys.

7) He'll send me what he sends to Australia on IPS so we can have the
language they are using.

All good.  Thoughts?

 

Eric D. Schwerin

Rosemont Seneca Partners, LLC

1010 Wisconsin Ave., NW

Suite 705

Washington, DC 20007

(202) 333-1880

[email-masked] <x-msg://59/[email-masked]> 

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