Epstein Files Search

EFTA01388559Dataset 10

1p368w

…An economy not yet fully developed in terms of, amongst others, market efficiency and liquidity. Liquidity — Liquidity refers to the ability to sell securities quickly without having to significantly reduce the price. Risk-on/ risk-off — Risk-on/ risk-off decribes an investment behaviour that is only based on a changed risk perception. Developed Markets (DM) — Developed Markets (DM) is an economy fully developed in terms of, amongst others, market efficiency and liquidity. U.S. Federal Reserve Board (Fed) — The…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01388559.pdf

EFTA01942913Dataset 10

2014-01-073p436w

Subject: FW: Trade Details and Research

From: Boris NikolicTo: Jeffrey epstein ([email protected])[jeffrey epstein (jeeyacation©gmail.com)];

…brokerage and $12k in IRA • Nasdaa 100 ETF (000. U.S. Technoloav): +$200k in brokerage and $12k in IRA • MSCI EAFE ETF (EFA. Developed International): +$400k in brokerage and $25k in IRA o This is our first purchase of this ETF — We are becoming increasingly convicted in the strength of the European recovery and feel strongly in a core allocation to developed markets outside of the US. "EFA" is a broadly diversified, low cost ETF offering exposure to Europe, Japan…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01942913.pdf

EFTA01382696Dataset 10

1p747w

…In addition, we are leveraging the advanced features and functionality of the solutions we have created for our clients in developed markets to offer new commerce-enabling solutions to our clients in emerging markets that empower them with next-generation technology and capabilities to grow their businesses. We believe these imported capabilities are highly differentiated versus the often less-advanced offerings of local competitors. We employ a variety of go-to-market strategies across all of ow geographic regions basal…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01382696.pdf

EFTA01377071Dataset 10

1p404w

…Strategic asset allocation A strategic asset allocation process involves setting MSCI ACWI ex U.S. Index preferred allocations for asset classes on a medium to The MSCI ACWI ex U.S. Index captures large and mid long-term time horizon. cap representation across 22 of 23 Developed Markets (DM) countries (excluding the U.S.) and 23 Emerging Style investing Markets (EM) countries. With 1,859 constituents, the Style investing refers to an investor's overall investment index covers approximately 85…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01377071.pdf

EFTA01459678Dataset 10

1p983w

Investment Strategy Group Larry Adam. CFA =. CIMA , ategisr Megan Homeman nv Matt Barry Important Information Emerging markets may be in transitional or formative stages and thus may be significantly less stable than developed markets. Changes in emerging markets govemment structures or other political instability may result in nationalization, expropriation, ad hoc regulation, or foreign investment restrictions. Emerging market investments are at risk for currency devaluation, as well as convertibility, liquidity and transparency constraints. The high volatility and speculative nature…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01459678.pdf

EFTA01374085Dataset 10

1p787w

…benChmarked to any index, comparisons to certain indices are useful in evaluating the performance of the Alkeon Funds. The MSCI World Index captures large and mid cap representation across 23 developed markets countries. With 1,652 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country. The MSCI AC World Index captures large and mid cop representation across 23 developed markets and 23 emerging markets countries. With 2.491 constituents, the index covers approximately…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01374085.pdf

EFTA01474962Dataset 10

2p508w

…Reserve Board postpones rate hike and the pace of subsequent increases will be slow. The Fed and low inflation may force the European Central Bank to continue easing beyond September 2016. Private equity and hedge funds should benefit from the capital market environment. Oil prices climb as slowly as output capacity contracts. Earnings forecasts revised down slightly for developed markets and significantly for emerging markets. Asset allocation of our balanced model portfolio for clients based in the Americas: Equities: 50%…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01474962.pdf

EFTA01386173Dataset 10

1p787w

…benChmarked to any index, comparisons to certain indices are useful in evaluating the performance of the Alkeon Funds. The MSCI World Index captures large and mid cap representation across 23 developed markets countries. With 1,652 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country. The MSCI AC World Index captures large and mid cop representation across 23 developed markets and 23 emerging markets countries. With 2.491 constituents, the index covers approximately…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01386173.pdf

EFTA01361150Dataset 10

1p563w

…tax- tree and municipal retail and institutional money funds. It consists of funds in the National-Tax-Free Retail, National Tax-Free Institutional, State- Specific Retail, and State-Specific Institutional Categories. Emerging markets may be in transitional or formative stages and thus may be significantly less stable than developed markets. Changes in emerging markets gpvernment structures or other political instability may result in nationalization, expropriation, ad hoc regulation, or foreign investmenl restrictions. Emerging market investments are at risk for currency…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01361150.pdf

EFTA01386287Dataset 10

1p787w

…benChmarked to any index, comparisons to certain indices are useful in evaluating the performance of the Alkeon Funds. The MSCI World Index captures large and mid cap representation across 23 developed markets countries. With 1,652 constituents, the index covers approximately 85% of the free float-adjusted market capitalization in each country. The MSCI AC World Index captures large and mid cop representation across 23 developed markets and 23 emerging markets countries. With 2.491 constituents, the index covers approximately…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01386287.pdf

EFTA01367869Dataset 10

1p563w

…tax- tree and municipal retail and institutional money funds. It consists of funds in the National-Tax-Free Retail, National Tax-Free Institutional, State- Specific Retail, and State-Specific Institutional Categories. Emerging markets may be in transitional or formative stages and thus may be significantly less stable than developed markets. Changes in emerging markets gpvernment structures or other political instability may result in nationalization, expropriation, ad hoc regulation, or foreign investmenl restrictions. Emerging market investments are at risk for currency…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01367869.pdf

EFTA01451138Dataset 10

2014-01-091p853w

…end of the wedge over view Sticking to regime change; dollar uptrend A neat way of playing the lead-lag between different 2013 marked a fundamental regime change from the segments of the market to the normalization in crisis-prone 2008-2012 period. The dollar's correlation developed markets is to buy the Norwegian krone and to equities flipped, the euro-area avoided a crisis and sell the Swiss franc. The former saw a large unwind of the Fed announced…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01451138.pdf

EFTA01384486Dataset 10

1p605w

…we had reliable data through the hyperinflation period in the 1920s. So this shows that negative real returns in bonds are a real possibility over even very long periods of time. For equities we only really have comprehensive returns data for a critical mass of countries post WWII and if we look at returns over the last 50 years most developed markets see real annualised returns between +5-6% p.a. The only real notable laggard has been Italy (+1…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01384486.pdf

EFTA01458600Dataset 10

1p508w

…we cover traditional liquid assets such as equities, fixed income and commodities. The chart shows how we would currently design a balanced portfolio, including Fixed income alternative asset classes.' Equities EagritfAi might Developed markets 460% ■ Equities ▪ United States 26.5% We stay generally positive on developed market equities, where Europe 12.0% returns could reach low double-digit levels one 12-month horizon. However, we are now in a mature market phase II Japan 5.6% and periods…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01458600.pdf

EFTA01383699Dataset 10

1p563w

…tax- tree and municipal retail and institutional money funds. It consists of funds in the National-Tax-Free Retail, National Tax-Free Institutional, State- Specific Retail, and State-Specific Institutional Categories. Emerging markets may be in transitional or formative stages and thus may be significantly less stable than developed markets. Changes in emerging markets gpvernment structures or other political instability may result in nationalization, expropriation, ad hoc regulation, or foreign investmenl restrictions. Emerging market investments are at risk for currency…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01383699.pdf

EFTA01459579Dataset 10

1p1,013w

…CFAS, CIMAS C/O t Chief Invesbnent Strategist Megan Horneman Investment Strategist Matt Barry Investment Strategy Analyst Telephone (410) 895-4135 Telephone (410) 895-4148 Telephone (410) 895-4282 Facsimile (410) 895-4250 Facsimile (410) 895-4250 Facsimile (410) 895-4250 Important Information larw,v,adamettdb,com meoan.hornemantedb.com metbarrvedb.com Emerging markets may be in transitional or formative stages and thus may be significantly less stable than developed markets. Changes in emerging markets govemment structures or other political…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01459579.pdf

EFTA01451184Dataset 10

2014-01-091p858w

…end of the wedge over view Sticking to regime change; dollar uptrend A neat way of playing the lead-lag between different 2013 marked a fundamental regime change from the segments of the market to the normalization in crisis-prone 2008-2012 period. The dollar's correlation developed markets is to buy the Norwegian krone and to equities flipped, the euro-area avoided a crisis and sell the Swiss franc. The former saw a large unwind of the Fed announced…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01451184.pdf

EFTA01458634Dataset 10

2015-09-111p227w

…i.e., adjusted for the impacts of oil price declines and the dollar up cycle are robust across the developed markets 02 2015 Earnings growth yoy exci crude and currency Impacts US EMU Japan a companies reported 487 132 168 Proportion of companies beating estimates (%) 73.1 60.6 68.5 Initial headline growth expectation (%) -5.1 10.7 14.5 Size of beat (blended. pp) 4.9 05 18.8 Final headline growth (%) -02 112 332 Energy sector impact…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01458634.pdf

EFTA01457962Dataset 10

2015-07-211p532w

…Within the core part of our balanced portfolio, we cover traditional liquid assets such as equities, fixed 2.544 income and commodities. The chart shows how we would currently design a balanced portfolio, including 41,Q% alternative asset classes.' Fixed income Equities Equities sowyrst(s1 weight Although there was significant progress on dealing with Developed markets 430% Greece's problems in July, we believe that periods of uncertainty are likely and, as a result, further bouts of volatility. We maintain …

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01457962.pdf

EFTA01459554Dataset 10

1p582w

…For emerging markets as a whole, the sell-off on the back of falling oil prices does not reflect deteriorating macro-economic fundamentals. Most emerging markets are net importers of oil. The same basic logic holds as for developed markets: lower oil prices should be a net plus for net importers. The problem is that the costs of oil-price declines are immediate and concentrated for producers. The benefits to consumers and corporates occur with often long and variable delays…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01459554.pdf