EFTA01452439.pdf

From: Tazia Smith [[email protected]] Sent: 2/4/2014 3:25:42 PM To: [email protected] CC: Paul Morris Vinit Sahni Nay Gupta Vahe Stepanian Subject: Re: percentages get a read from your team [C) Attachments: pic03695.gif; pic03349.gif; pic26784.gif; pic20926.gif classification: confidential Jeffrey - summary below takes into account the DE team's feedback. we agree with overall themes. commentary here, further implementation detail below and to follow: - specific recommendations for modifications to the thematic baskets (Please see Healthcare detailed below -back with specifics on each level) - Propose allocation to us Tech equity (cognizant though that you have private equity investments) - Propose additional opportunistic FX exposure (trades like your short CAD) - Energy renaissance will include trades on crude, in addition to equities that are beneficiaries of secular shift in underlying energy supply, and supply chains (not just the nat gas theme in the US, but also companies like Hannon Armstrong (HASI) that finance energy efficiency) - We are reviewing PO v IC) mortgages with rates where they are. (Embedded image moved to file: pic03695.gif) - NOt a typo on Proposed total of 105; original just didn't include the single names in Japan (Embedded image moved to file: pic03349.gif) (Embedded image moved to file: pic26784.gif) Tazia Smith Director I Key Client Partners - US Deutsche Sank Securities Inc Deutsche Asset & wealth Management 345 Park Avenue, 26th Floor New York NY 10154 Tel. +1 Fax +1 Mobile +1 Email (Embedded image moved to file: pic20926tgif) From: Jeffrey Epstein <jeevacationalgmai 1 .cont> To: Tazia Smith/db/dbcomODBAMERICAS, Paul Morris/db/dbcomODBAMERICAS, Date: 02/02/2014 08:59 PM Subject: percentages get a read from your team CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 109446 CONFIDENTIAL SDNY_GM_00255630 EFTA01452439