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Morgan Stanley | RESEARCH
document IMAGES-008-HOUSE_OVERSIGHT_025556.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Morgan Stanley | RESEARCH For Ares, we believe conversion makes sense, given the company is largely a play on fee related earnings from draw down funds, separately managed accounts, and their relationship with ARCC, the publicly traded business development company. Earnings from...

EMEA - Telecoms Coverage Cluster
document IMAGES-007-HOUSE_OVERSIGHT_023604.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

EMEA - Telecoms Coverage Cluster BofA Merrill Lynch Investment rating Company ticker Bloomberg symbol Analyst BUY BT BT BT US Sunil P. Pate BT BIGOF BT/A LN Sunil P. Pate’ DNA Oyj XDNAF DNA FH Sunil P. Pate lliad ILIAF ILD FP Frederic Boulan, CFA Inwit XISWF INW IM Parin Shah, C...

Restructure Medicare & Medicaid: Economic Factors—
document IMAGES-006-HOUSE_OVERSIGHT_020988.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Restructure Medicare & Medicaid: Economic Factors— Rise in Usage of “Open Access” Healthcare Plans Makes It Harder to Control Patient Choices...Subsequently, Cost of Care Increases Societal demand for less restrictive health insurance has driven a gradual switch to open access...

understanding depended entirely on past
document IMAGES-006-HOUSE_OVERSIGHT_021328.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

understanding depended entirely on past experiences of our own intentions and actions, there might be much more misunderstanding and cynicism in the world. However, the capacity to reason, hypothesize, and model possible futures may increase social understanding beyond the anchor...

firms can be naturally slowed by internal directives. Bad outflow such falling CNY
document IMAGES-003-HOUSE_OVERSIGHT_014764.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

firms can be naturally slowed by internal directives. Bad outflow such falling CNY deposits among foreign subsidiaries of China banks can also be managed. However, it is the inherent speculative and unstable nature of domestic capital flight that we characterize as ugly flows tha...

Summary of Closed Trades (19-Jun-17)
document IMAGES-003-HOUSE_OVERSIGHT_014994.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Summary of Closed Trades (19-Jun-17) Table 10: Summary of closed trades as of 19-Jun-17 Trade Description Buy NKY Aug-16 105%-110% call spreads & sell 90% puts Replace FB long positions via Oct-16 ATM calls Replace AMZN long positions via Oct-16 ATM calls Buy AAPL Oct-16 ATM...

connected, and by the speed and thickness of that connection. The topology of Wall
document IMAGES-004-HOUSE_OVERSIGHT_018370.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

connected, and by the speed and thickness of that connection. The topology of Wall Street in the 1920s, for instance, was largely defined by who happened to come to the trading floor on a given day; today it is a global landscape, influenced by news, rumors and real-time profit t...

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document IMAGES-009-HOUSE_OVERSIGHT_028361.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

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Volatility in Europe
document IMAGES-003-HOUSE_OVERSIGHT_014980.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Volatility in Europe Buy EU banks dispersion: (+) basket call, (-) worst-of calls Trade: Long Dec17 105% call on an equally weighted basket of SAN, BNP, ING, ISP & DBK*, short Dec17 ATM worst-of call on the same basket for 1.8% indic. (correl bid: 81%). * We pick the top 5 stoc...

The information contained in this communication is
document IMAGES-010-HOUSE_OVERSIGHT_029601.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

=) N — Go oo please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of...

Morgan Stanley | RESEARCH
document IMAGES-008-HOUSE_OVERSIGHT_025581.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Morgan Stanley | RESEARCH Valuation and Risks NORTH AMERICA INSIGHT ~~ Alternative Asset Managers: We value the stocks using a sum of the parts valuation and discounted cash flow as well as price/earnings and price/cash earnings multiples. Our DCF (COE of 12+15%, free cash flo...

TED2017: The future you
document IMAGES-003-HOUSE_OVERSIGHT_014957.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

TED2017: The future you https://ted2017.ted.com/program 4/20/17, 12:07 PM LARL VUUL UL LD POLL, LALUALLL OUULULU Lo UaLULA Go d PUY OIMIAL, UUL aL We Agu UL SU, IU UCKLUUU LU PUL UL LLUdIe LUM, Le Leacaoe UL his fifth album, Frontera, caught the attention of Brazilian director...

Fwd: ATTORNEY- CLIENT PRIVILEGE
email TEXT-001-HOUSE_OVERSIGHT_022931.txt Apr 22, 2015 House Oversight Committee — Epstein Estate Records (Nov 2025)

Date: Wednesday, April 22 2015 07:34 PM Subject: Fwd: ATTORNEY- CLIENT PRIVILEGE From: jeffrey E. <[email protected]> To: Alan Dershowitz • >; Privileged - Redacted ----------Forwarded message---------- From: Martin Weinberg < Date: Wed, Apr 22, 2015 at 3:03 PM Subject: ATT...