Subject: Update
From: "Schwerin, Eric" <[email-masked]>
To: "Godfrey, Andrew" <[email-masked]>
Cc: "Archer, Devon" <[email-masked]>, "Hunter Biden" <[email-masked]>
Date: Fri, 25 Sep 2015 18:02:45 +0000

Andrew-

I know we didn’t get a lot of time to catch up when I was last in New York and given the Jewish holidays, the Pope, UN General Assembly, etc. making travel to and from NYC difficult I wanted to at least give you an email update on some things we are focused on.

Trading

1) Made an introduction for Mike Earlywine to Donnie Storino in Chicago, who is going to be helpful in sourcing some business on the trading side with the hedge fund, Achievement Capital, and on a potential bond offering by the City of Chicago for Bonwick.   Donnie has a lot of good contacts in Chicago and now that he and Mike have met I believe he can be very helpful sourcing a wide range of clients there.

2) Met with Marc Zwebner at York Capital who said he’d introduce us to York’s trading team with the idea that we could get some trading business from them.  Hunter, Arlene and I will follow up with Marc and get that meeting set up.

3) I have set up a call for Mike, Arlene and me to get Arlene up to speed on the institutional trading offering so she can follow up with York and also take it to groups like Third Point.  Between Hunter and Arlene we will be able to go to a few groups like these over the next 4-6 weeks.

4) On Transition management, we are focused on taking this offering to three consulting firms - SegalRogersCasey, Marquette and NEPC. Once they complete their vetting we will then take it to their Taft-Hartley pension fund clients.

5) Mike is meeting on Tuesday in the office with Caryn Suffredini, a registered rep from our BD.  Caryn has some good contacts in the investment banking and fund world and I wanted her to understand some of Burnham’s offerings so she can source some clients.

Bonwick

1) Working with Tony Stovall and Mike Murray on a potential entree into a Department of Education bond offering.

2) Looking at some opportunities for a minority broker dealer with a list of targets provided by Bonwick and will likely focus first on the University of California System.

3) The Housing NPL’s are on the back burner for now - but may come up again soon.

4) In the near future I hope to organize a meeting with the Bonwick team and two of our registered reps, Mike Mathis and Chuck Harple, who have some good contact in the municipal world.

Washington Memo

1) We are now sending out our Washington update the first and third Tuesdays of each month and have been talking with Mike about how to monetize it once we get some feedback from clients on it.

2) Incidentally, in our memo Tuesday we had a section on the potential threats to Speaker Boehner so hopefully people will have looked at that today as ahead of the curve.

Emerging Managers

1) Working with Stefan and Rich on a potential briefing and reception in NYC in mid-November for emerging managers and allocators to expose the Burnham platform to a new group of people.  We want to try and invite a bunch of our contacts to that.

Investment Banking

1) The national telecom privatization deal I told you about is proceeding and we will have a little more information by the end of next week.  Devon, Hunter and I are thinking about some structures on how to position Burnham as the Investment Banker for this deal should it get that far.  (Please keep this on a close hold as it far from done but I am feeling more bullish about it.)

Burnham Kodem Fund

1) Avi is putting together an event for potential investors next month in New York which we plan to participate in.

2) Lauder is on hold for the moment as we are just vetting some potential political issues as it relates to that.

Administrative

1) Now that the Burnham/RSA agreement is signed, we need to now get the revenue sharing agreement between Burnham Securities and RSPI drafted and signed.  Cliff has a draft that our FinOp is looking at and we need to provide some edits.  Also, need to do something similar with Bonwick.

There are a lot of other smaller things but just wanted to give you an idea of some of the prospects and activity. Let me know if you want to set up a call to discuss.  I won’t be up in NYC next week but hope to be up the week after that.

Best,

Eric

Eric D. Schwerin
1010 Wisconsin Avenue NW
Suite 705
Washington, DC 20007
(202) 333-1880
[email-masked]<mailto:[email-masked]>