Epstein Files Search

EFTA00404168Dataset 9

2012-09-261p52w

Subject: W.A.M. Brief Portfolio Update

From: Evan Wax <=lTo: Evan Wax <1

From: Evan Wax <=l To: Evan Wax <1 Bcc: ' Subject: W.A.M. Brief Portfolio Update Date: Wed, 26 Sep 2012 17:10:10 +0000 Attachments: W.A.M._KSW_and_HMG_update(current_clients_only).pdf Clients, Please see the attached PDF for a brief update on two recent portfolio events. Thanks, Evan Evan Wax Founder and Portfolio Manager Wax Asset Mana ement EFTA00404168

https://www.justice.gov/epstein/files/DataSet%209/EFTA00404168.pdf

EFTA00620140Dataset 9

2015-12-084p1,449w

…capital in a tax-efficient manner over an extended period of time. While this strategy may yield lumpy results, we believe it limits idea dilution and protects the Fund's returns from Uncle Sam and Wall Street. Portfolio Update: 2014 was an interesting year for the stock market to say the least. While the broader large capitalization indices would indicate the "market(s)" yielded an above average return, a deeper look into the data would render a very uneven distribution…

https://www.justice.gov/epstein/files/DataSet%209/EFTA00620140.pdf

EFTA00605855Dataset 9

2015-08-084p1,601w

…stock jockeys. We are investors who look for opportunities to return multiples on the Fund's capital in a tax-efficient manner over an extended period of time. While this strategy may yield lumpy results, we believe it limits idea dilution and protects the Fund's returns from Uncle Sam and Wall Street. Portfolio Update: As many of you know, I was fortunate enough to attend the Wharton School at the University of Pennsylvania for my undergraduate studies. As sophomores, …

https://www.justice.gov/epstein/files/DataSet%209/EFTA00605855.pdf

EFTA00748357Dataset 9

2010-06-156p2,943w

Subject: Eye on the Market, June 15, 2010

From: Justin X GratzTo: Undisclosed recipients:;

…particular, which creates upside potential above the EFTA00748358 "return of capital" scenario. As the jobless recovery in the U.S. enters its post-stimulus phase, the LBO Composite will face its next test: staying power. Market and portfolio update: China, and US equities-housing-spending-employment * After P/E multiples peaked near 45x in 2007 and 25x in 2009, the reality of Chinese stimulus withdrawal appears closer to being priced in, as forward P/E multiples have fallen to 15x…

https://www.justice.gov/epstein/files/DataSet%209/EFTA00748357.pdf

EFTA00287283Dataset 9

2015-11-044p1,573w

…While this strategy may yield lumpy results, we believe it limits idea dilution and protects the Fund's returns from Uncle Sam and Wall Street. Portfolio Update -- Our Patient Approach at Work: While the Fund is not always in a position to discuss names in the portfolio because we are actively adding or subtracting to a position, we do like to update our partners on certain situations when we feel it is appropriate and not detrimental to the Fund's…

https://www.justice.gov/epstein/files/DataSet%209/EFTA00287283.pdf

EFTA00287307Dataset 9

2015-02-084p1,641w

…capital in a tax-efficient manner over an extended period of time. While this strategy may yield lumpy results, we believe it limits idea dilution and protects the Fund's returns from Uncle Sam and Wall Street. Portfolio Update: 2014 was an interesting year for the stock market to say the least. While the broader large capitalization indices would indicate the "market(s)" yielded an above average return, a deeper look into the data would render a very uneven distribution…

https://www.justice.gov/epstein/files/DataSet%209/EFTA00287307.pdf

EFTA01089500Dataset 9

6p2,032w

…Blockchain operating executives. The partners have a laser focus on helping our portfolio companies grow and thrive. We want to co-invest alongside leading venture capitalists, not compete with them. We continue to see excellent deal flow and have more deal access and investment opportunities than capital. Portfolio Update CCP puts its money and time where its mouth is. The general partners of CCP: Bart, Brad and Brock have contributed capital and stock (at cost) to start CCP2. The Stephens…

https://www.justice.gov/epstein/files/DataSet%209/EFTA01089500.pdf

EFTA00287279Dataset 9

2015-08-084p1,595w

…stock jockeys. We are investors who look for opportunities to return multiples on the Fund's capital in a tax-efficient manner over an extended period of time. While this strategy may yield lumpy results, we believe it limits idea dilution and protects the Fund's returns from Uncle Sam and Wall Street. Portfolio Update: As many of you know, I was fortunate enough to attend the Wharton School at the University of Pennsylvania for my undergraduate studies. As sophomores, …

https://www.justice.gov/epstein/files/DataSet%209/EFTA00287279.pdf

EFTA00287303Dataset 9

2014-11-044p1,492w

…While this strategy may yield lumpy results, we believe it limits idea dilution and protects the Fund's returns from Uncle Sam and Wall Street. Portfolio Update: The path that the stook market has taken this year has been anything but up and to the right. While the prevailing larger capitalization indices -- S&P 500 and DJIA -- would imply that 2014 has been an "average" year for equities, a deeper look into the data tells a largely different and perhaps…

https://www.justice.gov/epstein/files/DataSet%209/EFTA00287303.pdf

EFTA00605968Dataset 9

6p2,419w

…opportunities to return multiples on the Fund's capital tax-efficiently over an extended period of time. While this strategy may yield lumpy results, we believe it limits idea dilution and protects the Fund's returns from Uncle Sam and Wall Street. Portfolio Update: I want to take this opportunity to update you on our portfolio. While 2013 and the first quarter of 2014 drove many momentum chasers into the milieu of high growth companies like Facebook, Netflix, and Tesla…

https://www.justice.gov/epstein/files/DataSet%209/EFTA00605968.pdf

EFTA00620144Dataset 9

2015-02-084p1,641w

…capital in a tax-efficient manner over an extended period of time. While this strategy may yield lumpy results, we believe it limits idea dilution and protects the Fund's returns from Uncle Sam and Wall Street. Portfolio Update: 2014 was an interesting year for the stock market to say the least. While the broader large capitalization indices would indicate the "market(s)" yielded an above average return, a deeper look into the data would render a very uneven distribution…

https://www.justice.gov/epstein/files/DataSet%209/EFTA00620144.pdf

EFTA00810510Dataset 9

2017-06-3035p10,753w

VALAR Summer 2017 Update EFTA00810510 VALAR SUMMER 2017 UPDATE Fund 1 Review FUND I PORTFOLIO UPDATE Fund 1 continues to perform well, with a 3.5x net multiple and 34.4% net IRR as of sheet to raise $65M led by Institutional Venture Partners (IVP) at a $1.6 billion pre- June 30, 2017. As is our practice, the best investments - Transfenvise and Xero - money valuation. The purpose of this fundraise is to bring the company's balance account for…

https://www.justice.gov/epstein/files/DataSet%209/EFTA00810510.pdf

EFTA01389063Dataset 10

2016-10-061p270w

…Wan Arne/ And Paid Pm 30 Oin Post 30 we. We Update on redevelopment opportunities within the portfolio Update on plans to reduce single asset markets which total over 90 Update on Sports Authority releasing at 5 remaining locations • Update on plans to improve small shop occupancy, outparcel leasing and entertainment and restaurant use. • Update on strategy to get stabilized occupancy up to the mid 90's from 90.6% at 2Q end. • Update on changes or plans to change…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01389063.pdf

EFTA01388950Dataset 10

2016-10-061p270w

…Wan Arne/ And Paid Pm 30 Oin Post 30 we. We Update on redevelopment opportunities within the portfolio Update on plans to reduce single asset markets which total over 90 Update on Sports Authority releasing at 5 remaining locations • Update on plans to improve small shop occupancy, outparcel leasing and entertainment and restaurant use. • Update on strategy to get stabilized occupancy up to the mid 90's from 90.6% at 2Q end. • Update on changes or plans to change…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01388950.pdf

EFTA00616095Dataset 9

2p729w

…BBARS"). We have been working hard for a long time to prepare for this launch and appreciate the vote of confidence. We launched with approximately $83M. We asked a couple of you to delay your investment to accommodate the process of onboarding managers during our transition. This helped us optimize portfolio structuring. Portfolio update July started with approximately 24 managers on the Multi-Manager Multi-Strategy side of the business. Of those, 12 are quantitative strategies, (8 in equities, 3…

https://www.justice.gov/epstein/files/DataSet%209/EFTA00616095.pdf

EFTA01197592Dataset 9

2p739w

…BBARS"). We have been working hard for a long time to prepare for this launch and appreciate the vote of confidence. We launched with approximately $83M. We asked a couple of you to delay your investment to accommodate the process of onboarding managers during our transition. This helped us optimize portfolio structuring. Portfolio update July started with approximately 24 managers on the Multi-Manager Multi-Strategy side of the business. Of those, 12 are quantitative strategies, (8 in equities, 3…

https://www.justice.gov/epstein/files/DataSet%209/EFTA01197592.pdf

EFTA01388602Dataset 10

2016-10-181p312w

…structure and policies, and strategic vision. Timing and update on CFO search • Update on re/development opportunities with commentary in 2Q of potentially more available in the portfolio Update on additional sales from unwinding JVs and potential opportunities to purchase select assets Cap rate on the recently closed 16 property portfolio largely in Upstate NY for $390M Proforma the Upstate NY sale and 1H dispositions, DDR will have disposed of close to $700M YTD (FY guidance S600.800M). • Update on…

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01388602.pdf

EFTA00287292Dataset 9

6p2,419w

…opportunities to return multiples on the Fund's capital tax-efficiently over an extended period of time. While this strategy may yield lumpy results, we believe it limits idea dilution and protects the Fund's returns from Uncle Sam and Wall Street. Portfolio Update: I want to take this opportunity to update you on our portfolio. While 2013 and the first quarter of 2014 drove many momentum chasers into the milieu of high growth companies like Facebook, Netflix, and Tesla…

https://www.justice.gov/epstein/files/DataSet%209/EFTA00287292.pdf

EFTA00593688Dataset 9

2015-11-044p1,573w

…While this strategy may yield lumpy results, we believe it limits idea dilution and protects the Fund's returns from Uncle Sam and Wall Street. Portfolio Update -- Our Patient Approach at Work: While the Fund is not always in a position to discuss names in the portfolio because we are actively adding or subtracting to a position, we do like to update our partners on certain situations when we feel it is appropriate and not detrimental to the Fund's…

https://www.justice.gov/epstein/files/DataSet%209/EFTA00593688.pdf

EFTA00605924Dataset 9

2015-04-206p2,721w

…capital in a tax-efficient manner over an extended period of time. While this strategy may yield lumpy results, we believe it limits idea dilution and protects the Fund's returns from Uncle Sam and Wall Street. Portfolio Update: The Fund is off to a great start in 2015. We produced respectable results in the 1s' quarter and have since experienced additional gains compounding our year to date results. Our performance was reasonably distributed with Diamond Resorts and Graphic Packaging…

https://www.justice.gov/epstein/files/DataSet%209/EFTA00605924.pdf