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COLLABORATIVE INSIGHTS February 25, 2019
document IMAGES-008-HOUSE_OVERSIGHT_024879.txt Feb 25, 2019 House Oversight Committee — Epstein Estate Records (Nov 2025)

COWEN COLLABORATIVE INSIGHTS February 25, 2019 Health Care: Drug Retailer Perspective (Rhyee) 2 CBD Products Gaining Traction With Independent Pharmacies CBD products appear to be gaining traction with independent pharmacies, many of whom are already selling or planning to s...

Important Caveats on F2010 Medicare Liability Improvement
document IMAGES-006-HOUSE_OVERSIGHT_020949.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ithdrawal of providers from the Medicare market and the severe problems with beneficiary access to care that would result. Overriding the productivity adjustments, as Congress has done repeatedly in the case of physician payment rates, would lead to far higher costs for Medicare...

Asian equities (ex-Japan)
document IMAGES-007-HOUSE_OVERSIGHT_024155.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…gic (1 to 2 years) e Rising consumption is the long-term trend in Asia ex-Japan that we expect will continue to play out. e In China, sectors that contribute to improved labor productivity or deliver goods and services for the elderly should benefit from demographic changes (ag...

Chart 53: Data as % of mobile service revenues Chart 54: Household Broadband penetration
document IMAGES-003-HOUSE_OVERSIGHT_016159.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Chart 53: Data as % of mobile service revenues Chart 54: Household Broadband penetration 50,000 ait 50,000 Kuwait 45,000 many 45,000 UAE o 40,000 40,000 w w S 35,000 S 35,000 ae : = # 30,000 8 30,000 a) =) ge 25,000 25,000 20,000 ; 8 Zz" fgentina Chile = mais = 15,000 ey mw Braz...

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

…s have made a substantial contribution to total returns, and we expect this to remain the case in the current environment. e Western winners from emerging market growth (sourced from existing equity holdings) Emerging economies continue to grow faster than developed economies. W...

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)

…rvices 3.9 56 6 BGLP8L IMIAF IMI Industrial Goods & Services 40 40 5 Source: BofA Merrill Lynch Global Research, Factset. The European Quality Yield Screen identified as a screen above Is intended to be an indicative metric only and may not be used for reference purposes or as a...

helped cushion portfolio returns when markets declined. We won’t know until the data comes in, but w
document IMAGES-008-HOUSE_OVERSIGHT_025227.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…of our investment discussions this year focused on the negative real return characteristics of cash, and why to reduce it. In a world of deflation risk on financial assets (rather than of goods and services), cash retains substantial option value at times like these. We could ha...

Emerging market equities
document IMAGES-007-HOUSE_OVERSIGHT_024154.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…dence improves, leading to a better P/E multiple of 12.5x trailing earnings. More cyclical Korea and Taiwan would benefit. & Negative scenario MSCI EM (6-month target): 730 e Serious negative developments (e.g. a further deterioration of the Eurozone crisis, the US fiscal cliff...

Attachments
email TEXT-002-HOUSE_OVERSIGHT_033463.txt Jun 27, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

… and aircraft that are "not published". As of today, there are eight (8) of these aircraft that are not yet on the market. Let me know if you would like to speak with him and by what means (you call him, he call you, call Larry?....whatever). By the way, his company sold Trumps 7...

nanosatelites are getting hot
email IMAGES-010-HOUSE_OVERSIGHT_028508.txt Jun 6, 2014 House Oversight Committee — Epstein Estate Records (Nov 2025)

…frey Epstein ([email protected]) [[email protected]] Subject: nanosatelites are getting hot http://www.economist.com/news/leaders/21603441-where-nanosats-boldly-go-new-businesses-will-followunless-they- are-smothered-excessive Technology — Full text articles Satellite...

Re: AVGO
email IMAGES-011-HOUSE_OVERSIGHT_031809.txt Jul 13, 2018 House Oversight Committee — Epstein Estate Records (Nov 2025)

…makes sense to keep the stock and own protection for the next 35 days until we hopefully get more clarity from management. Paul Barrett Alpha Group Capital LLC 142 W 57" Street, 11" Floor, New York, NY 10019 <image001.jpg> From: jeffrey E. <[email protected]> Sent: Friday,...

Fwd: EUROPEAN MULTI ASSET COVERAGE MEETING IMPRESSIONS: Eyes on Real Money outflows; Christmas comes
email TEXT-001-HOUSE_OVERSIGHT_023635.txt Nov 14, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…elds go up, equities are a sell" fear. Clients are torn, but the former, bullish camp wins for now, my colleagues suggest. There are skeptics though. 2) In Europe, do fears over Renzi losing & Le Pen winning climb over the big momentum behind banks etc. Again, my equity team sugg...

Donald Trump is widely expected to significantly depart
document IMAGES-006-HOUSE_OVERSIGHT_022391.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…o fossil fuel industries and slanted in favor of new administrative initiatives to foster conventional energy development. Specifically, his website calls for the following energy-related initiatives: » Make America energy independent, create millions of new jobs, and protect cl...

in the White House for two years and then leave to run Trump’s reelection campaign. “If
document IMAGES-005-HOUSE_OVERSIGHT_020104.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ed him to see just how ridiculous the White House had become. He could barely hold his tongue—indeed, he couldn’t hold it. Pressed, he could not see the future of the Trump administration. And, while many Bannonites argued the case for Jarvanka ineffectiveness and irrelevance—jus...