EX-1 3 longtermmatrix.txt FBRG LONG-TERM MATRIX Friedman, Billings, Ramsey Group, Inc. Long-Term Investment Matrix (1) As of June 30, 2001 (Dollars in thousands) The following chart shows the allocation of Friedman, Billings, Ramsey Group, Inc.'s long-term investments, as stated on the June 30, 2001 balance sheet, by sector and by managed fund and also shows the allocation of long-term investments in publicly traded and private securities. Managed funds are categorized by the value of the majority of their investments. In addition, from time to time, FBR Group implements risk management strategies, the value of which may not be included in the balance sheet line for long-term investments.
Financial Public Private Total ------------- ------------- ------------- FBR Ashton, LP $ 18,504 $ - $ 18,504 15.2% FBR Private Equity Fund, LP 284 3,628 3,912 3.2% FBR Future Financial Fund, LP - 2,428 2,428 2.0% FBR Financial Services Partners, LP 354 1,664 2,018 1.7% Direct investment 3,203 - 3,203 2.6% ------------- ------------- ------------- --------- 22,345 7,720 30,065 24.7% Real Estate/Mortgage FBR Asset Investment Corporation 31,216 4,846 36,062 29.6% Direct investment 5,537 243 5,780 4.8% ------------- ------------- ------------- --------- 36,753 5,089 41,842 34.4% ------------- ------------- ------------- --------- Subtotal 59,098 12,809 71,907 59.1% ------------- ------------- ------------- --------- Technology FBR Technology Venture Partners, LP (2) 633 5,036 5,669 4.6% FBR Technology Venture Partners II, LP 1,411 3,620 5,031 4.1% FBR CoMotion Venture Capital I, LP (3) - 1,923 1,923 1.6% Capital Crossover Partners - 3,000 3,000 2.5% DDL and related direct investments - 5,427 5,427 4.5% Direct investment 239 - 239 0.2% ------------- ------------- ------------- --------- 2,283 19,006 21,289 17.5% ------------- ------------- ------------- --------- Debt ------------- ------------- ------------- --------- Direct investment (4) - 7,500 7,500 6.2% ------------- ------------- ------------- --------- Other Braddock Partners, LP 4,920 - 4,920 4.0% FBR Arbitrage, LLC 11,108 - 11,108 9.1% FBR Weston, LP 1,510 147 1,657 1.4% Third-party partnerships - 1,983 1,983 1.6% Other 447 915 1,362 1.1% ------------- ------------- ------------- --------- 17,985 3,045 21,030 17.2% ------------- ------------- ------------- --------- ------------- ------------- ------------- --------- TOTALS $ 79,366 $ 42,360 $ 121,726 100.0% ============= ============= ============= =========
(1) Excludes trading securities inventory. (2) Amount is net of accrued Fund Manager Compensation expense ("FMC") of $562. Asset value before before FMC as of June 30, 2001 was $6,231. (3) Amount is net of loans of $1,369 made by FBR Group to FBR CoMotion Venture Capital I, LP. (4) Represents private debt of one issuer with a face amount of $7,500.