EFTA01452551.pdf

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]> Forward me e From: Tazia Smith Date: -rue, Feb 4, a : PM Subject: Re: percentages get a read from your team [C] To: jeevacation Cc: Paul Morris Vinit Sahni Nay Gupta a e 5 epanian 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. (Embedded image moved to file: pic26576.gif) - NOt a typo on Proposed total of 105; original just didn't include the single names in Japan (Embedded image moved to file: pic02321.gif) (Embedded image moved to file: pic06893.gif) Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & wealth Management 345 Park Avenue, 26th Floor CONFIDENTIAL — PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0 109652 CONFIDENTIAL SDNY_GM_00255836 EFTA01452551