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Restructuring the University 167
document IMAGES-007-HOUSE_OVERSIGHT_023907.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Restructuring the University 167 Where is causation worried about? Nearly everywhere. Anyone in the social sciences or in any practical discipline worries about causation. So, should departments be organized around the twelve cognitive processes? Probably not. It would be diff...

Table 6: Summary of open trades as of 5-Jun-17
document IMAGES-007-HOUSE_OVERSIGHT_023598.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…tal case to be long EU equities remains intact but stretched bullish positioning could lead to near-term consolidation BofAML Equity & Credit strategists highlight they favour equities over HY credit as div yields have surpassed HY credit yield & equities offer more gearing to r...

Volatility in Numbers (05-Aug-16)
document IMAGES-008-HOUSE_OVERSIGHT_025998.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…36 1Wk Change 0.43% -0.57% 1.03% 0.29% -1.90% 1.16% 0.35% 1Mth Change 452% 5.12% 3.79% 8.76% 3.13% 6.72% 2.21% Source: BofA Merrill Lynch Global Research Table 10: Statistics on implied, realised, skew and term structure for 3-month and 12-month vols (emerging markets) 3-month...

Best Technical Trades
document IMAGES-003-HOUSE_OVERSIGHT_014777.txt Nov 16, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…A +100 Breakout Be of USD crosses RSI>70 a0 ig eg Rising bullish momentum iF 10 ro 2013 2014 2015 2016 2017 Source: BofA Merrill Lynch Global Research, Bloomberg Bankof America Global Rates, FX & EM 2017 Year Ahead | 16 November 2016 47 Merrill Lynch HOUSE_OVERSIGHT_014777

Table 9: Summary of open trades as of 19-Jun-17
document IMAGES-003-HOUSE_OVERSIGHT_014993.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…Jun-17 0.93% Sep-17 expiry NKY put spread may offer even better value in hedging against a "mini TARP moment" Source: BofA Merrill Lynch Global Research. Prices reflective of most recently available data which may be delayed in some cases. “Trade Value” represents current valua...

European volatility: Sector snapshot
document IMAGES-003-HOUSE_OVERSIGHT_014986.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

….5% 14 10% 40 -0.1% -10 = 78% = -3.3% SXTP (Trvl&Lsre) 44% 0.0% 7% 1.6% 0% 7% 9.9 2./% 0 8% 37 -0.3% 1 41% 05% Source: BofA Merrill Lynch Global Research *Real vol = EWMA (Exponentially Weighted Moving Average) volatility, which measures historical price volatility but assigns g...

Stress testing CNY
document IMAGES-003-HOUSE_OVERSIGHT_014762.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…11 2012 2013 2014 2015 2016 === China FX reserves, USDbn === USDICNY 1Y rolling standard deviation, pips (RHS) Source: BofA Merrill Lynch Global Research, Bloomberg 32 Global Rates, FX & EM 2017 Year Ahead | 16 November 2016 Bankof America Merrill Lynch HOUSE_OVERSIGHT_014762

Tail risk 4: Bo) triggers curve steepening and vol rise
document IMAGES-003-HOUSE_OVERSIGHT_014776.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…p 20y ———‘y20y Volatility (RHS) (bp}y 1 50 08 40 06 30 04 02 ad 0 10 -0.2 0 Nov-15 Feb-16 May-16 Aug-16 Nov-16 Source: BofA Merrill Lynch Global Research BankofAmerica <2” 46 Global Rates, FX & EM 2017 Year Ahead | 16 November 2016 . Merrill Lynch HOUSE_OVERSIGHT_014776

¢ Another topic which AB elaborated on was fees/pricing particularly in the US retail
document IMAGES-002-HOUSE_OVERSIGHT_014355.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ased visibility on reduced tax complexity attractive credit return the business model the distribution outlook Source: BofA Merrill Lynch Global Research ¢ — If comprehensive tax reform includes an elimination of carried interest tax, potentially moving to an ordinary income ra...

Table 1: Current cross asset trades
document IMAGES-002-HOUSE_OVERSIGHT_014433.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…l spreads Hans Mikkelsen Credit Buy basket of Euro AT1s Barnaby Martin Long Xover short Main loannis Angelakis Source: BofA Merrill Lynch Global Research. For the full methodology and reference pricing please see Appendices. New trades in bold. Themes Long Cyclicality « Long A...

ane Group (CG), C-2-8, Neutral
document IMAGES-002-HOUSE_OVERSIGHT_014357.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…eased contribution Increased float and earnings the distribution from RA and GMS _ reduced complexity segments Source: BofA Merrill Lynch Global Research « — If comprehensive tax reform includes an elimination of carried interest tax, potentially moving to an ordinary income ra...

Re: for your reading pleasure.. though maybe not
email IMAGES-008-HOUSE_OVERSIGHT_026049.txt Dec 24, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: Lawrence Krauss |S | Sent: 12/24/2016 7:37:57 PM To: jeffrey E. [[email protected]] cc: Lawrence Krauss x Subject: Re: for your reading pleasure.. though maybe not Attachments: DA866543-7401-4A5A-8E50-FD32E33A50EC.png Importance: — High I was in antarctica. The we...