EMAIL DETAILS

And Swiss Re is writing “Reputation Risk” re-insurance policies on publically trading firms. So if Citibank suffers reputational damage, I can collect on my policy. Clients are buying as a hedge to their equity position.


Again - similar to AON, Munich RE and others who are writing “Political Risk” re-insurance contracts for clients.


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Neil Callahan

Rosemont Seneca

401 Greenwich Street, Suite 400 | New York NY 10013 | 212-933-9965 | 212-796-4037

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

917-945-9516 (mobile)

866-749-8879 (fax)


From: Neil Callahan [mailto:ncallahan@rosemontseneca.com]
Sent: Friday, October 29, 2010 11:23 PM
To: 'Hunter Biden'
Cc: 'Eric Schwerin'; 'Devon Archer'
Subject: RE: EnTrust Capital


http://www.steelcityre.com/index.shtml


These guys are experts in “Reputation Risk”. Their lead guy Dr. Nir Kossovsky – he is their version on Thad Brown. They have a Reputation Index for publically traded companies. They are launching an ETF product and a Hedge Fund where you can buy and sell the “reputation” of a company – i.e., BP or IBM. Plan is to sell it as a hedging product to large portfolios that have large exposure to large publically traded companies, like Pensions, Hedge Funds, SWFs, etc.


I see this as a similar concept to “Political Risk” and it’s interesting to see how they have taken a similar concept and commercialized it to this point


Ticonderoga is the securities firm that is creating the index and forming the hedge fund around this.


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Neil Callahan

Rosemont Seneca

401 Greenwich Street, Suite 400 | New York NY 10013 | 212-933-9965 | 212-796-4037

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

917-945-9516 (mobile)

866-749-8879 (fax)


From: Hunter Biden [mailto:hbiden@rosemontseneca.com]
Sent: Friday, October 29, 2010 10:44 PM
To: <ncallahan@rosemontseneca.com>
Cc: Eric Schwerin; Devon Archer
Subject: Re: EnTrust Capital


I know them both very well. Nathan is Sen. Daschle's son and Jill is his wife. She has been working with Entrust for years. Nathan is the exec dir of the Democratic Governors Assoc- Jill is not someone that would be looking for partners and would view us very much as direct competition.

R. Hunter Biden

202-333-1880


On Oct 29, 2010, at 10:39 PM, "Neil Callahan" <ncallahan@rosemontseneca.com> wrote:

Do you guys know Jill Daschle? She’s at a Fund of Fund / Advisory business called EnTrust Capital. The guys at Ticonderoga have worked with her on placing product into the pensions. They are working with Public Pension plans on investment allocations / strategy. It looks like she has some real pros from Goldman on her team. Not sure if she joined them, of if she pulled them in. Her husband runs some sort of Democratic Governor thing. It seems like they have some good traction in this space. Is she/he someone we’d approach to learn from / partner with?


------------------------------------------------------------------------------------------

Neil Callahan

Rosemont Seneca

401 Greenwich Street, Suite 400 | New York NY 10013 | 212-933-9965 | 212-796-4037

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

917-945-9516 (mobile)

866-749-8879 (fax)