From: Jeffrey Epstein <jeevacationggmail.com> To: Jeffrey Epstein <jeevacationggmail.com> Subject: Fwd: percentages get a read from your team [C] Date: Wed, 05 Feb 2014 21:38:37 +0000 Inline-Images: unnamed; unnamed(1); unnamed(2); unnamed(3); unnamed(4) Forwarded message From: Tazia Smith cj Date: Tue, Feb 4, 2014 at 3:25 PM Subject: Re: percentages get a read from your team [C] To: jeevacation(i4 mail.com Cc: Paul Morris , Vinit Sahni cj >, Nay 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 1O mortgages with rates where they are. EFTA01177139