Denali Asset Mgt. Mar. 09 ROR -2.11% MTD, -3.22% YTD
Megan Arias
megan@denalifunds.com
Tue, 21 Apr 2009 17:26:40 -0500
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Please see the chart below which shows the March 2009 ending rates of
return, and our firm assets under management:
March-09
Firm Assets Under Management:
$143,702,035.21
MTD
YTD
Denali Partners, LP
-2.11%
-3.22%
Denali Offshore Partners, Ltd.
-2.32%
-3.66%
Attached, please find our Denali Partners, LP March 2009 Performance Record.
Kind regards,
Megan Arias
Director of Investor Services
Denali Investment Group, LLC
a subsidiary of Denali Asset Management, LLLP
P (773) 685-1733
F (773) 685-1734
megan@denalifunds.com
DISCLAIMER: An investment with Denali Asset Management, LLLP is risky and
only risk capital should be used. Past performance should not be viewed as
an indication of future results.
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<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>Please see the chart below which shows the March 2009 =
ending
rates of return, and our firm assets under =
management:<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
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<p class=3DMsoNormal><b><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
=
font-family:Arial;font-weight:bold'>March-09<o:p></o:p></span></font></b>=
</p>
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<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>Firm Assets Under =
Management:<o:p></o:p></span></font></p>
</td>
<td width=3D123 nowrap colspan=3D2 height=3D15 valign=3Dbottom =
style=3D'width:92.25pt;
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height:11.3pt' x:num=3D"143702035.21000001">
<p class=3DMsoNormal align=3Dcenter style=3D'text-align:center'><font =
size=3D2
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'>$143,702,035.21 =
<o:p></o:p></span></font></p>
</td>
</tr>
<tr height=3D15 style=3D'height:11.3pt'>
<td width=3D331 nowrap height=3D15 valign=3Dbottom =
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face=3DArial><span
=
style=3D'font-size:10.0pt;font-family:Arial;font-weight:bold'> <o:p>=
</o:p></span></font></u></b></p>
</td>
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<p class=3DMsoNormal align=3Dcenter style=3D'text-align:center'><font =
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nt></p>
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5.4pt;
height:11.3pt'>
<p class=3DMsoNormal><u style=3D'visibility:hidden'><font size=3D2 =
face=3DArial><span
=
style=3D'font-size:10.0pt;font-family:Arial'> <o:p></o:p></span></fo=
nt></u></p>
</td>
<td width=3D63 nowrap height=3D15 valign=3Dbottom =
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<p class=3DMsoNormal align=3Dcenter style=3D'text-align:center'><font =
size=3D2
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'>MTD<o:p></o:p></span></font>=
</p>
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<td width=3D60 nowrap height=3D15 valign=3Dbottom =
style=3D'width:45.0pt;border-top:
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padding:0in 5.4pt 0in 5.4pt;height:11.3pt' x:str=3D"YTD">
<p class=3DMsoNormal align=3Dcenter style=3D'text-align:center'><font =
size=3D2
face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> YTD =
<o:p></o:p></span></font></p>
</td>
</tr>
<tr height=3D15 style=3D'height:11.3pt'>
<td width=3D331 nowrap height=3D15 valign=3Dbottom =
style=3D'width:248.15pt;
border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in =
5.4pt;
height:11.3pt'>
<p class=3DMsoNormal><st1:place w:st=3D"on"><font size=3D2 =
face=3DArial><span
=
style=3D'font-size:10.0pt;font-family:Arial'>Denali</span></font></st1:pl=
ace><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> Partners,
LP<o:p></o:p></span></font></p>
</td>
<td width=3D63 nowrap height=3D15 valign=3Dbottom =
style=3D'width:47.2pt;border-top:
none;border-left:none;border-bottom:solid windowtext =
1.0pt;border-right:solid windowtext 1.0pt;
padding:0in 5.4pt 0in 5.4pt;height:11.3pt' =
x:num=3D"-2.1100000000000001E-2">
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>-2.11%<o:p></o:p></span></font></p>
</td>
<td width=3D60 nowrap height=3D15 valign=3Dbottom =
style=3D'width:45.0pt;border-top:
none;border-left:none;border-bottom:solid windowtext =
1.0pt;border-right:solid windowtext 1.0pt;
padding:0in 5.4pt 0in 5.4pt;height:11.3pt' =
x:num=3D"-3.2199999999999999E-2">
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>-3.22%<o:p></o:p></span></font></p>
</td>
</tr>
<tr height=3D15 style=3D'height:11.3pt'>
<td width=3D331 nowrap height=3D15 valign=3Dbottom =
style=3D'width:248.15pt;
border:solid windowtext 1.0pt;border-top:none;padding:0in 5.4pt 0in =
5.4pt;
height:11.3pt'>
<p class=3DMsoNormal><st1:place w:st=3D"on"><font size=3D2 =
face=3DArial><span
=
style=3D'font-size:10.0pt;font-family:Arial'>Denali</span></font></st1:pl=
ace><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> Offshore
Partners, Ltd.<o:p></o:p></span></font></p>
</td>
<td width=3D63 nowrap height=3D15 valign=3Dbottom =
style=3D'width:47.2pt;border-top:
none;border-left:none;border-bottom:solid windowtext =
1.0pt;border-right:solid windowtext 1.0pt;
padding:0in 5.4pt 0in 5.4pt;height:11.3pt' =
x:num=3D"-2.3199999999999998E-2">
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>-2.32%<o:p></o:p></span></font></p>
</td>
<td width=3D60 nowrap height=3D15 valign=3Dbottom =
style=3D'width:45.0pt;border-top:
none;border-left:none;border-bottom:solid windowtext =
1.0pt;border-right:solid windowtext 1.0pt;
padding:0in 5.4pt 0in 5.4pt;height:11.3pt' =
x:num=3D"-3.6600000000000001E-2">
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>-3.66%<o:p></o:p></span></font></p>
</td>
</tr>
</table>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>Attached, please find our Denali Partners, LP March =
2009
Performance Record.<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'>Kind regards,<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=3DMsoNormal><font size=3D3 face=3D"Arial Narrow"><span =
style=3D'font-size:
12.0pt;font-family:"Arial Narrow"'>Megan =
Arias</span></font><o:p></o:p></p>
<p class=3DMsoNormal><font size=3D3 face=3D"Arial Narrow"><span =
style=3D'font-size:
12.0pt;font-family:"Arial Narrow"'>Director of Investor =
Services<o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D3 face=3D"Arial Narrow"><span =
style=3D'font-size:
12.0pt;font-family:"Arial Narrow"'>Denali Investment Group, =
LLC</span></font><o:p></o:p></p>
<p class=3DMsoNormal><font size=3D3 face=3D"Arial Narrow"><span =
style=3D'font-size:
12.0pt;font-family:"Arial Narrow"'>a subsidiary of Denali Asset
Management, LLLP</span></font><o:p></o:p></p>
<p class=3DMsoNormal><font size=3D3 face=3D"Arial Narrow"><span =
style=3D'font-size:
12.0pt;font-family:"Arial Narrow"'>P <U1:PHONE o_x003a_ls=3D"trans" =
phonenumber=3D"$6685$$$"><U1:PHONE o_x003a_ls=3D"trans" =
phonenumber=3D"$6685$$$">(773)
<U1:PHONE o_x003a_ls=3D"trans" phonenumber=3D"$6685$$$"><U1:PHONE =
o_x003a_ls=3D"trans" =
phonenumber=3D"$6685$$$">685-1733</span></font></U1:PHONE></U1:PHONE></U1=
:PHONE></U1:PHONE><font
size=3D4 color=3Dmaroon face=3D"Wingdings 2"><span =
style=3D'font-size:13.5pt;
font-family:"Wingdings 2";color:maroon'> <o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D3 color=3Dblack face=3D"Arial =
Narrow"><span
style=3D'font-size:12.0pt;font-family:"Arial =
Narrow";color:black'>F</span></font><font
size=3D2 color=3Dblack face=3D"Arial Narrow"><span =
style=3D'font-size:10.0pt;
font-family:"Arial Narrow";color:black'> </span></font><font
face=3D"Arial Narrow"><span style=3D'font-family:"Arial =
Narrow"'><U1:PHONE o_x003a_ls=3D"trans" =
phonenumber=3D"$6685$$$"><U1:PHONE o_x003a_ls=3D"trans" =
phonenumber=3D"$6685$$$">(773)
<U1:PHONE o_x003a_ls=3D"trans" phonenumber=3D"$6685$$$"><U1:PHONE =
o_x003a_ls=3D"trans" =
phonenumber=3D"$6685$$$">685-1734</span></font></U1:PHONE></U1:PHONE></U1=
:PHONE></U1:PHONE><font
size=3D4 color=3Dmaroon face=3D"Wingdings 2"><span =
style=3D'font-size:13.5pt;
font-family:"Wingdings 2";color:maroon'> </span></font><font size=3D2
color=3Dblack face=3D"Arial Narrow"><span =
style=3D'font-size:10.0pt;font-family:"Arial Narrow";
color:black'><o:p></o:p></span></font></p>
<p class=3DMsoNormal><font size=3D3 face=3D"Arial Narrow"><span =
style=3D'font-size:
12.0pt;font-family:"Arial Narrow"'><a =
href=3D"mailto:megan@denalifunds.com"
title=3D"mailto:megan@denalifunds.com">megan@denalifunds.com</a></span></=
font><o:p></o:p></p>
<p class=3DMsoNormal><u><font size=3D3 face=3D"Times New Roman"><span
style=3D'font-size:12.0pt'> &nbs=
p;  =
; =
&=
nbsp; &n=
bsp; &nb=
sp;
<o:p></o:p></span></font></u></p>
<p class=3DMsoNormal =
style=3D'mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=3D3 face=3D"Times New Roman"><span =
style=3D'font-size:12.0pt'> <strong><b><font
face=3D"Times New =
Roman">DISCLAIMER:</font></b></strong></span></font><font
size=3D2 face=3DArial><span =
style=3D'font-size:10.0pt;font-family:Arial'> An
investment with Denali Asset Management, LLLP is risky and only risk =
capital
should be used. Past performance should not be viewed as an =
indication of
future results. </span></font><o:p></o:p></p>
<p class=3DMsoNormal><font size=3D3 face=3D"Times New Roman"><span =
style=3D'font-size:
12.0pt'><o:p> </o:p></span></font></p>
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