Chavanne, Klaus

Tannin, Matthew

Yale University

Yale University EliScholar – A Digital Platform for Scholarly Publishing at Yale YPFS Documents Browse by Media Type 3-1-2007 Bear Stearns Email from Matthew Tannin to Klaus Chavanne MEAG New York Corporation Klaus Chavanne Matthew Tannin Follow this and additional works at: https://elischolar.library.yale.edu/ypfs-documents Recommended Citation Chavanne, Klaus and Tannin, Matthew, "Bear Stearns Email from Matthew Tannin to Klaus Chavanne MEAG New York Corporation" (2007). YPFS Documents. 4186. https://elischolar.library.yale.edu/ypfs-documents/4186 This Document is brought to you for free and open access by the Browse by Media Type at EliScholar – A Digital Platform for Scholarly Publishing at Yale. It has been accepted for inclusion in YPFS Documents by an authorized administrator of EliScholar – A Digital Platform for Scholarly Publishing at Yale. For more information, please contact elischolar@yale.edu. ---_.-~From: Tannin, Matthew (Exchange)Sent: Wednesday, March 07, 2007 4:49 PMTo: 'Chavanne Klaus - NewYork-MEAG-NY'Subject: RE: Return estimate for February for BSHGSCSOk, looking forward.~----Original Message-----From: Chavanne Klaus - NewYork~MEAG~NY [maiJlO:kchm anne;c/"meat?·nv .com1Sent: Wednesday, March 07, 2007 4:27 PMTo: Tannin, Matthew (Exchange)Subject: RE: Return estimate for February for BSHGSCSThanks. I think that's what we'll do: listen in to the call, ask some questions, and follow up later ifneeded or to get morespecifics about opportunities going forward.Klaus ChavanneManaging DirectorMEAG New York CorporationTelephone: (212) 583-4833Fax: (646) 521-7933E·mail: kchavanne@meag-ny.comThis e-mail and any files transmitted with it are confidential and arcintended solely for the: addressee. It may contain legally privileged-information. If you are not the intended recipient, you are herebynotified that any use, disclosure, copying, printing, forwarding ordissemination of this e~l1lail is strictly prohibited. If you havereceived this e·mall in error, please notify the sender by reply e-mail,collect telephone, or facsimile and immediately delete it from yoursystem.----Original Message----From: Tannin, Matthew (Exchange) [nu:liltl):mtlnnin;ii:bcar.com1Sent: Wednesday, March 07, 200711:52 AMTo: Chavanne Klaus - NewYork-MEAG-NYSubject: RE: Return estimate for February for BSHGSCSWe are happy to do whatever you would like. My first suggestion would beto listen to the call and then follow~up with additional questions.We are quite content with what has happened ~ a bit nervewracking - butsolid performance by the hedge book. We see opportunity here - not crazyopportunity - but prudent opportunity ~ I am puuting in additionalcapital ~ I think you guys should us well.-----Original Message-R ---From: Chavanne Klaus· NewYork-MEAG·NY rmailto:b.:hl;]\'<mnc(il'mcat?~llv.com]Sent: Wednesday, March 07, 2007 10:15 AM Eastern Standard Time184092 BS-SEC0547999SEC_ENF_FCIC_019185184092To: Tannin, Matthew (Exchange)Cc: Ricci David - NewYork-MEAG-NY; Rieger Arndt- NewYork-MEAG-NY;Bernstein Jeff - NewYork-MEAG-NYSUbject: RE: Return estimate for February for BSHGSCSThanks. David Ricci (our structured product PM, I believe you have methim or at least talked to him) would like to have a conference call withyou (or Ralph, or Ray, whoever you think might be appropriate) todiscuss the state of the market and in particular how you managed tostay above water with the spread widening we've seen recently. Do youthink that is something that will be addressed in the conference callyou've scheduled for March 12th, and would there be an opportunity toask questions then? Or maybe we could first attend that call and then,if we have further things we'd like to discuss, we could schedulesomething further? What do you think? And we certainly would like totouch .also on the opportunities you see.Thanks,KlausKlaus ChavanneManaging DirectorMEAG New York CorporationTelephone: (212) 583-4833Fax: (646) 521-7933E-mail: kchavanne@meag-ny.comThis e-mail and any files transmitted with it are confidential and areintended solely for the addressee. It may contain legally privilegedinformation. If you are not the intended recipient, you are herebynotified that any use, disclosure, copying, printing, forwarding ordissemination of this e-mail is strictly prohibited. Ifyou havereceived this e-mail in error, please notify the sender by reply e-mail,collect telephone, or facsimile and immediately delete it from yoursystem.From: Tannin, Matthew (Exchange) [mo.ilto:mlannint(7,bear.com]Sent: Tuesday, March 06, 2007 10:09 AMTo: Chavanne Klaus - NewYork-MEAG-NYSubject: RE: Return estimate for February for BSHGSCSI did send it to them.The estimate I sent them was 1.86 net.As of more updated marks I would adjust this down to 1%BS-SEC054800DSEC_ENF_FCIC_019186184092As you can imagine - the month end marks from the dealers have beensloppy.We are very excited and comfortable with our performance. There was alot of volatility in February. Our hedges and funding relationshipsworked as we had planned.We are in a great position. I think you guys should add some money herefor April 1st. We arc seeing a lot of very good opportunities.From: Chavanne Klaus ~ NewYork~MEAG-NY [mailto:kchavannerahnca!l-nv.comlSent: Tuesday, MaceD 06, 2007 9:34 AMTo: Tannin, Matthew (Exchange)Subject~ Return estimate for February for BSHGSCSHi Matthew,Jeffery Bernstein is currently out, which explains why he didn't ask youfor the preliminary return estimate for BSHGSCS for February. Could youprovide me with an estimate? I assume you have already sent the info toMRAm since they need it on the second business day.Thanks,KlausKlaus ChavanneManaging DirectorMEAG New York CorporationTelephone: (212) 583-4833Fax: (646) 521-7933E-mail: kchavanne@meag-ny.comThis e-mail and any files lransmitted with it are confidential and areintended solely for the addressee. It may contain legally privilegedinformation. If you are not the intended recipient, you are herebynotified that any use, disclosure, copying, printing, fonvarding ordissemination of this e-mail is slrictly prohibited. If you havereceived this e~mail in error, please notify the sender by reply e~mail,collect telephone, or facsimile and immediately delete it from yoursystem.Bear Stearns is not responsible for any recommendation, solicitation,offer or agreement or any information about any lransaction, customer...---.-~BS-SEC0548001SEC_ENF_FCIC_019187

Bear Stearns Email from Matthew Tannin to Klaus Chavanne MEAG New York Corporation

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Bear Stearns Email from Matthew Tannin to Klaus Chavanne MEAG New York Corporation

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