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6. Interest Rate Risk —-A Common Misperception
document IMAGES-007-HOUSE_OVERSIGHT_024220.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… defensive fully-regulated utilities can be found in all regions, however the highest concentration is found in the US. European, Asian and Latam utilities are more levered to economic growth and therefore tend to be no more interest rate-sensitive than broad market equities. Ev...

7/22/2016 In the shadow of quantitative easing, party like it is 1788 - FT.com
document IMAGES-007-HOUSE_OVERSIGHT_023567.txt Nov 27, 2015 House Oversight Committee — Epstein Estate Records (Nov 2025)

…immigration and customs barriers, and financial markets are assuming ever-ballooning asset purchase programmes by the , European Central Bank that stretch into an indefinite future. Oh, and a president of the European Commission who says the single currency makes no sense when th...

The BRIDGE platform currently comprises investments of between €20-120 million each, in 17 European
document IMAGES-008-HOUSE_OVERSIGHT_026062.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

The BRIDGE platform currently comprises investments of between €20-120 million each, in 17 European infrastructure transactions. In 2016 alone, the BRIDGE team has achieved financial close for 11 infrastructure deals in Europe aggregating ca. €390m. When benchmarked against other...

Key financial market driver 1 - Eurozone crisis
document IMAGES-007-HOUSE_OVERSIGHT_024143.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…tical agenda item, and the request for external support for Spanish banks can be seen as the starting point for greater European support and oversight for banks, to be discussed at the upcoming European Council. ¢ Greece's debt remains unsustainable, but the risk of a euro exit...

Attachments
email TEXT-001-HOUSE_OVERSIGHT_022272.txt Mar 13, 2014 House Oversight Committee — Epstein Estate Records (Nov 2025)

…nse is the Obama 5m of 696m SPR release is to show Merkel and co he will step in. He needs to because there are 8 small European and Baltic countries that rec 70%+ of their gas from Russia. Germany gets 30%. Cross asset correlations outside of the US are increasing past few days...

The Scowcroft Group
email IMAGES-009-HOUSE_OVERSIGHT_026827.txt Nov 14, 2015 House Oversight Committee — Epstein Estate Records (Nov 2025)

…eirut, and yesterday atrocities in Paris all demonstrate an unexpected level of sophistication and effort. As a result, European countries and the US are likely to see an increase in incidents and threats that harken back to Al Qaeda's early agenda or are comparable to the Black...

Exhibit 91: EM Local Debt Currencies and
document IMAGES-003-HOUSE_OVERSIGHT_014606.txt Dec 31, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…ports from the modest pickup in global growth we expect is likely to be dwarfed by ongoing US trade policy uncertainty, European political risk and China fears. Lastly, an acceleration of recent outflows from EMLD markets could magnify these risks, particularly since 60% of the c...

Refining the reflation rotation
document IMAGES-002-HOUSE_OVERSIGHT_014461.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ut tapering because the ability or willingness to do QE fades would likely cause a setback. Relief or Revolt relates to European politics. Will Europe follow the route to populism (revolt from the voters) or will we find relief for the markets by the end of 2017 from a Fillon/Mer...

Table 10: Summary of closed trades as of 19-Jun-17
document IMAGES-003-HOUSE_OVERSIGHT_014996.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…l vs call relative value trade is now riskier given the potential reversal in US reflation trades and the potential for European equities to rally in a French election market-favourable outcome. Unwind the position for the Tencent earnings Option expired; HSCEI was up 5.1% but t...

e High quality dividend yields (sourced from existing European ®
document IMAGES-007-HOUSE_OVERSIGHT_024141.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Preferred themes e High quality dividend yields (sourced from existing European ® and UK equities) High quality companies with geographically diversified business models that pay sustainable dividends offer an attractive income stream in a low yield world. Historically, dividend...

defensive dividend stocks to take advantage of the improving cyclical backdrop and
document IMAGES-002-HOUSE_OVERSIGHT_014449.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…rom our fundamental analysts. The yield on the basket is 5% with an average DPS CAGR of 7% and 1.8x covered. Table 3: European Yield Screen —- December 2016 Sedol BofAML ticker Company name Sector Divi Yield (>4%) DPS 2Y CAGR _Div'd Cover 426330 DNBHF DNB ASA Banks 42 23.9 20...

Eurozone political calendar 2017
document IMAGES-002-HOUSE_OVERSIGHT_014474.txt Mar 15, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

…date only received 18% of the vote. Nevertheless, we see a potential Le Pen win as the biggest political risk event for European (and possibly global) equity markets in 2017. By 22 October 2017: German Federal elections Current Chancellor Angela Merkel has announced that she in...

Re: Oil options [C]
email IMAGES-006-HOUSE_OVERSIGHT_022346.txt Mar 14, 2014 House Oversight Committee — Epstein Estate Records (Nov 2025)

…nse is the Obama 5m of 696m SPR release is to show Merkel and co he will step in. He needs to because there are 8 small European and Baltic countries that rec 70%+ of their gas from Russia. Germany gets 30%. Cross asset correlations outside of the US are increasing past few days...

clairebotai RT @Spock_Capt: In the Science of Civilizations, Brexit | 23 Jun 2016, 1 | neutral
document IMAGES-001-HOUSE_OVERSIGHT_011175.txt Jun 23, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

clairebotai RT @Spock_Capt: In the Science of Civilizations, Brexit | 23 Jun 2016, 1 | neutral Is the European Uniona€™s Reckoning 02:20 - CEST https://t.co/HxTKQiV2cw #geek #tech PapaSonsFil | If this storm isn't telling you that Brexit is doomed 23 Jun 2016, | London 0 | negati...

Manfredi Lefebvre d'Ovidio
document IMAGES-004-HOUSE_OVERSIGHT_017087.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…d Chief Executive Officer Chief Risk Officer President and Chief Executive Officer General Secretary Deputy Chairman, European Cruise Council, and Chairman Head of Marketing Chairman, Federal Trade Commission, USA Partner Chairman of the Executive Board Editorial Director...