EFTA01452511.pdf

To: Tazia Smit Date: 02/14/2014 10:20 AM Subject: Fwd: percentages get a read from your team [c] Forwarded message From: Jeffrey Epstein <[email protected]> Date: Fri, Feb 14, 2014 at 4:13 PM subject: Re: percentages get a read from your team [c] To: Jeffrey Epstein <[email protected]> agree with your changes lets look at 50 million dollars to start on Fri, Feb 14, 2014 at 1:26 Am, Jeffrey Epstein <[email protected]> wrote: Forwarded message From: Jeffrey Epstein <[email protected]> Date: Fri, Feb 7, 2014 at 6:04 PM Subject: Fwd: percentages get a read from your team [C] To: Jeffrey Epstein <[email protected]> Forwarded message From: Jeffrey Epstein <[email protected]> Date: wed, Feb 5, 2014 at 4:38 PM Subject: Fwd: percentages get a read from your team [C] To: Jeffrey Epstein <[email protected]> Forwar From: Tazia smith Date: rue, Feb 4, 2014 at 3:25 PM subject: Re: percentages get a read from your team (c] To: jeevacation mail.com cc: Pa vi May Gupta vahe stepanian Classification: confidential Jeffrey - summary below takes into account the DB 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 ID mortgages with rates where they are. CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 109587 CONFIDENTIAL SDNY_GM_00255771 EFTA01452511