Greenwich Asset Management

Firm Established in 2001

Firm 100% Employee Owned

Peter Lundstedt
Global Equity Strategy
Separately Managed Account
A Proprietary Process
(203) 622-1305
Institutional Use Only

2 Greenwich Office Park, Suite 300, Greenwich CT 06831 DOES NOT IMPLY FUTURE PERFORMANCE
Quote

"Not yet have I found any better method

to prosper during the future financial
chaos, which is likely to last many years,
than to keep your net worth in shares of
those corporations that have proven to
have the widest profit margins and the
most rapidly increasing profits. Earning
power is likely to continue to be valuable,
especially if diversified among many
nations." - John Templeton
 Awareness

2 Greenwich Office Park, Suite 300, Greenwich CT 06831 DOES NOT IMPLY FUTURE PERFORMANCE
2 Greenwich Office Park, Suite 300, Greenwich CT 06831 DOES NOT IMPLY FUTURE PERFORMANCE
2 Greenwich Office Park, Suite 300, Greenwich CT 06831 DOES NOT IMPLY FUTURE PERFORMANCE
 Proprietary Process

2 Greenwich Office Park, Suite 300, Greenwich CT 06831 DOES NOT IMPLY FUTURE PERFORMANCE
 The Technical Filter

The companies that are able to make it

through the first three steps are then
evaluated based on a core group of
technical indicators. Those companies
that pass Step IV, are then considered
as an investment candidate to one of 30
or 40 portfolio slots.
2 Greenwich Office Park, Suite 300, Greenwich CT 06831 DOES NOT IMPLY FUTURE PERFORMANCE
 Buy Strategy

Source: Greenwich Asset Management Group Research, Market Browser 8/2009 DOES NOT IMPLY FUTURE
PERFORMANCE

2 Greenwich Office Park, Suite 300, Greenwich CT 06831

 Sell Strategy

Source: Greenwich Asset Management Group Research, Market Browser 8/2009 DOES NOT IMPLY FUTURE
PERFORMANCE

2 Greenwich Office Park, Suite 300, Greenwich CT 06831

 Global Diversification
If the U.S. happens to be suffering from an economic downturn or
high inflation, there may
be some better investment opportunities abroad. Those investments
abroad could help boost a portfolio weighted heavily in US equities
when the U.S. stock market is not performing well.

There are a number of different risks associated with foreign stocks.

There is, for example, country risk. There is also currency risk.
Investors can expect occasional losses depending on market volatility.
The manager will recognize losses in the portfolio when appropriate.

While U.S. markets have performed well over the very long run, this
is not necessarily the case with all foreign countries. Many countries
suffer from political, social, and/or economic instability that makes
investing in those countries less likely. Furthermore, foreign
governments have different rules regarding the regulation and taxation
of securities that could be at odds with your investment objectives. We
only invest in Foreign ADR's listed on a U.S. Exchange because of the
the stringent accounting rules required to gain entrance, which allow us
to measure those stocks using our proprietary formula.

2 Greenwich Office Park, Suite 300, Greenwich CT 06831 DOES NOT IMPLY FUTURE PERFORMANCE
 Diversification Strategy
Imagine owning a portfolio of 30 – 40 equal weighted stocks similar to
the ones below... We do. This is what we want a stock portfolio to look
like, minus the last two.

Source: Greenwich Asset Management Group Research, Market Browser 8/2009

Goal of 30 - 40 Equal Weighted Up-trending stocks

Re-balance quarterly
2 Greenwich Office Park, Suite 300, Greenwich CT 06831 DOES NOT IMPLY FUTURE PERFORMANCE
 Managing Risk

Global Equity Risk

2 Greenwich Office Park, Suite 300, Greenwich CT 06831 DOES NOT IMPLY FUTURE PERFORMANCE
 Global Equity Risk
• Liquidity risk: The risk that arises from the difficulty of selling an asset. An
investment may sometimes need to be sold quickly. Unfortunately, an insufficient
secondary market may prevent the liquidation or limit the funds that can be generated
from the asset. Some assets are highly liquid and have low liquidity risk (such as stock
of a publicly traded company), while other assets are highly illiquid and have high
liquidity risk (such as a house).

• Country, Political and Economic Risk: The potential volatility of foreign stocks or
the potential default of foreign government bonds, due to political and/or financial
events in the given country.

• Market risk: Risk which is common to an entire class of assets or liabilities. The
value of investments may decline over a given time period simply because of
economic changes or other events that impact large portions of the market. Asset
allocation and diversification can help protect the investor’s overall portfolio against
market risk because different portions of the market tend to under perform at different
times, also called systematic risk. Investors can expect occasional losses depending
on market volatility. The manager will recognize losses in the portfolio when
appropriate.

• Unsystematic risk: The risk of price change due to the unique circumstances of a
specific security, as opposed to the overall market. Diversification can also help
reduce this risk.

• Event risk: The likelihood that the rating of a bond will drop due to an event, such as
the taking on of additional debt or a recapitalization by a company.

• Regulatory risk: The risk associated with the potential for laws related to a given
industry, country, or type of security to change and impact relevant investments.

• 2Legislative risk:
Greenwich Office Park,The
Suiterisk
300, that a new
Greenwich CT law or a change
06831 inIMPLY
DOES NOT an existing law could have a
FUTURE PERFORMANCE
significant impact on an investment.
Research: Simulated Model Performance

Source: Greenwich Asset Management Group Research, informa.com 4/2010 DOES NOT IMPLY FUTURE
PERFORMANCE
Source: Greenwich Asset Management Group Research, informa.com 4/2010 DOES NOT IMPLY FUTURE
PERFORMANCE (= one simulated account)

Source: Greenwich Asset Management Group Research, informa.com 4/2010 DOES NOT IMPLY FUTURE
PERFORMANCE
 Live Performance 2008 - 2009

Source: Greenwich Asset Management Group Research, informa.com 4/2010 DOES NOT IMPLY FUTURE
PERFORMANCE (= one real account)

Source: Greenwich Asset Management Group Research, informa.com 4/2010 DOES NOT IMPLY
FUTURE PERFORMANCE
 Performance
This powerful process was successfully run for five years on fully invested equity
portfolio's whose performance was reported to Indata, averaging 25% with assets over
$70 million run in collaboration with a former $30 billion manager of the NYS Common
Retirement Plan.

The program is designed specifically for multi- $million stock portfolios where a
stocks liquidity plays a major role.

The manager currently has less than $100 million under management.

Turnover and Trading fees are kept as low as possible.

Management fee, excluding IRA's and non-accredited investors, of 1% and

performance fee of 1% for every 10% earned with high water mark is available.

In addition to running actual accounts for 5 years, the program was back tested for 5
years with large hypothetical accounts which were 62% ahead of the S&P 500 after five
years.

Mr. Lundstedt did 16+% better than the market in 2008 with real money and made
the Informais.com's IIS PSN Top Guns quarterly list, twice in 2008 and again in 2009.
Benefits: The program combines two disciplines of finding companies with
extraordinary fundamentals while using technical timing analysis to buy or sell them
2with the objective
Greenwich Office Park,of, Better
Suite potential
300, Greenwich CTequity returns,
06831 DOES Greater
NOT IMPLY diversification, Greater
FUTURE PERFORMANCE

confidence in moving forward, created by holding higher graded equity positions, an

Independent Custodian and No surrender fee or lock up period.
 Bio
In 2001 Mr. Lundstedt incorporated Greenwich Asset Management Group, LLC in
Delaware as an Independent Registered Investment Adviser GAMG, LLC designs and
implements strategies based on a growth investment philosophy determined by a
proprietary system, developed and refined over the past twenty four years by CEO and
Portfolio Strategist, Peter Lundstedt.

Experience: Over 24 Years in the investment management business, 15 years at

several prestigious brokerage firms on Wall Street, promoted to Vice President and Senior
Vice President of Investments. Five years portfolio trading with former manager of $30
billion NY State Common Retirement Fund. Has retained many of the same clients for over
15 years.

Education: Bachelor of Science Degree in International Business, Fischer School of

Business, The Ohio State University; U.S. Army, West Point Military Academy Staff.

Organizations: Member: Knights Templar; The Order of St. Lazarus; Royal Arch
Masons, 32nd Degree; Veteran Corp of Artillery, NYC; Squadron A Association, NYC; Safari
Club International; National Rifle Association; CT Coalition of Sportsmen; Greenwich
Chamber of Commerce; Young Grand Old Party, Greenwich, CT; Greenwich Historical
Society; International Exchange Club; Dutch Reformed Church.

Mr. Lundstedt was born in Princeton, NJ in 1958 to Jean Lundstedt and Dr. Sven B.
Lundstedt, Public Policy and Public Administration Professor and resided in Cambridge, MA;
Ann Arbor, MI; Cleveland and Columbus, Ohio; and on his family's dairy farm in upstate
New York. Mr. Lundstedt lives and works in Greenwich, CT.
2 Greenwich Office Park, Suite 300, Greenwich CT 06831 DOES NOT IMPLY FUTURE PERFORMANCE
2 Greenwich Office Park, Suite 300, Greenwich CT 06831 DOES NOT IMPLY FUTURE PERFORMANCE
For further consideration email peter.lundstedt@gamgllc.com
 Disclaimer
PAST RESULTS ARE NOT INDICATIVE OF FUTURE RETURNS.
THERE IS RISK OF LOSS AS WELL AS THE OPPORTUNITY
FOR GAIN WHEN INVESTING IN SEPARATELY
MANAGED STOCK ACCOUNTS.

Peter Lundstedt
Greenwich Asset Management Group, LLC
CEO, Equity Portfolio Strategist and Equity Portfolio Advisers
2 Greenwich Office Park, Suite 300, Greenwich, CT 06831 USA
(203) 622-1305
(203) 495-7590 Fax
Web site: www.gamgllc.com
Email: peter.lundstedt@gamgllc.com
FOR INSTITUTIONAL USE ONLY

Disclaimer… Peter Lundstedt is president of Greenwich Asset Management Group, LLC, (GAMGLLC), a registered
investment adviser All material presented herein is believed to be reliable but we cannot attest to its accuracy.
Investment recommendations may change and readers are urged to check with their investment counselors
before making any investment decisions. Opinions expressed in these reports may change without prior notice.
Peter Lundstedt and/or the staff at GAMGLLC may or may not have investments in any funds cited above.

PAST RESULTS ARE NOT INDICATIVE OF FUTURE RESULTS. THERE IS RISK OF LOSS AS WELL AS THE
OPPORTUNITY FOR GAIN WHEN INVESTING IN MANAGED ACCOUNTS. WHEN CONSIDERING ALTERNATIVE
INVESTMENTS, INCLUDING HEDGE FUNDS, YOU SHOULD CONSIDER VARIOUS RISKS INCLUDING THE FACT THAT
SOME PRODUCTS: OFTEN ENGAGE IN LEVERAGING AND OTHER SPECULATIVE INVESTMENT PRACTICES THAT MAY
INCREASE THE RISK OF INVESTMENT LOSS, CAN BE ILLIQUID, ARE NOT REQUIRED TO PROVIDE PERIODIC
PRICING OR VALUATION INFORMATION TO INVESTORS, MAY INVOLVE COMPLEX TAX STRUCTURES AND DELAYS
IN DISTRIBUTING IMPORTANT TAX INFORMATION, ARE NOT SUBJECT TO THE SAME REGULATORY REQUIREMENTS
AS MUTUAL FUNDS, OFTEN CHARGE HIGH FEES, AND IN MANY CASES THE UNDERLYING INVESTMENTS ARE NOT
TRANSPARENT AND ARE KNOWN ONLY TO THE INVESTMENT MANAGER.