great....we also have a video
conference set up.
I made clear to them, that we
don't make concessions on fees or terms or do managed accounts.
From: Arlene Busch
[mailto:abusch@rosemontseneca.com]
Sent: Friday, April 30, 2010 10:42 AM
To: Daniel Loeb; Josh Targoff; Marc Zwebner
Cc: Hunter Biden
Subject: RE: China trip
Dan,
Some background info.
Monday starts the May Day holiday in China. I would expect
all of the senior people at the funds we visited to be away for the week.
We are working with Marc (and Josh) regarding China and they
are up to date with what we are doing on behalf of our clients there.
We have people on the ground through our relationship with
the Thornton Group and Jonathan Li (you met Jim Bulger Chairman of the Thornton
Group and Jonathan Li in your office a few months ago) who have great
relationships with the funds we visited in China .
For now, only CIC has the ability to invest overseas.
However, both the Social Security Fund and China Life expect to get approval in
the fall. They want investments teed up prior to getting their approval so they
are ready to make allocations “on day one”.
We spoke about all of our clients to the different groups,
but Third Point is the fund CIC wants to move forward with first. I don’t know
if it’s the strategy, performance, or you (or a combination of everything). I
have requested more information.
I believe CIC is coming to the US sometime in May however I
don’t know which group, the hedge fund group or private equity group. If
appropriate, CIC will see you on that trip.
For now, I would suggest that Marc has his call with Roslyn.
I will contact Jim Bulger today and get an answer to your question below. I
trust his advice.
Arlene
From: Daniel Loeb
[mailto:DLoeb@thirdpoint.com]
Sent: Thursday, April 29, 2010 10:06 PM
To: Arlene Busch; Josh Targoff; Marc Zwebner
Cc: Hunter Biden
Subject: RE: China trip
Would it make sense to set up
conference calls or video conference calls with any of these peeps so that they
can be introduced to us?
DL
From: Arlene Busch
[mailto:abusch@rosemontseneca.com]
Sent: Wednesday, April 14, 2010 5:40 PM
To: Daniel Loeb; Josh Targoff; Marc Zwebner
Cc: Hunter Biden
Subject: China trip
As you are aware, we just returned from China. Attached is a
sample of the meetings we attended. Please contact me with any questions.
Best,
Arlene
Arlene Busch
202-333-1880
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