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Morgan Stanley | RESEARCH
document IMAGES-008-HOUSE_OVERSIGHT_025568.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…on: What Is the Market Paying? We deconstruct the various pieces of a SOTP for the alts in order to determine our best guess on how much the market is valuing future performance fees. We then divide that implied value by future performance fee earn- ings, to determine the implie...

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

Asian equities (ex-Japan) MSCI Asia ex-Japan (27 June): 469 (last month: 466) UBS View MSCI Asia ex-Japan (6-month target): 515 ¢ The region continued to show high volatility last month, with its P/BV temporarily close to 2008 lows. ¢ Hong Kong and Singapore markets’ domestic fu...

The combination of these factors suggest Japanese equities have further to run. We also
document IMAGES-002-HOUSE_OVERSIGHT_014448.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

The combination of these factors suggest Japanese equities have further to run. We also see the position as being complementary to our EM position since whereas a stronger USD is a drag on EM performance, it is beneficial for the NKY position. Chart 31: Japan equities have outpe...

Reference portfolio
document IMAGES-007-HOUSE_OVERSIGHT_024140.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Reference portfolio Tactical asset allocation deviations from benchmark* Currency allocation underweight neutral overweight underweight neutral overweight a a a a a a aT Cash USD 7 | Equities total EUR — ae | UT”t”t~(‘(<(Cséi<‘i;*;é‘CSé@Y!COC;*d?#SC*CO*éirCSCS”~*dY US GBP Eur...

I said earlier that | wanted to lay the Seventh Sense onto the problems of war and
document IMAGES-004-HOUSE_OVERSIGHT_018401.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…storic age might mean for us. The surprises in our news every day. The creaking of our old institutions. What do they augur? The political scientists Charles S. Gochman and Zeev Maoz once made a survey of history to see if they could spot just when the world slipped from calm mom...

Basic Policy Plan of Hosting the Convention
document IMAGES-011-HOUSE_OVERSIGHT_031362.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Basic Policy Plan of Hosting the Convention NOBEL CHARITABLE TRUST Points to Keep In Mind in Hosting the Convention ( Direction of Hosting the Convention) 1 .Host Country #ln the future we will construct a framework where different countries will rotate to host and support th...

pharmaceutical company engaged in a hostile takeover of a smaller
document IMAGES-007-HOUSE_OVERSIGHT_023808.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

&2 Teaching Minds pharmaceutical company engaged in a hostile takeover of a smaller, but highly successful, competitor. Students experience the tough ne- gotiations, the elimination of dedicated and talented individuals, and the painful shuffling of roles and responsibilities th...

{mobile apps, premium nanny, date night payment services etc.) may not see much
document IMAGES-003-HOUSE_OVERSIGHT_014940.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

{mobile apps, premium nanny, date night payment services etc.) may not see much traction, 4) lower conversion rates on mobile, 5) mobile conversions with 30% fee to Apple and Google Play marketplaces could negatively impact margins, and 6) international expansion may not be succe...

In re Terrorist Attacks on September 11, 2001, 392 F.Supp.2d 539 (2005)
document IMAGES-004-HOUSE_OVERSIGHT_017929.txt Sep 11, 2001 House Oversight Committee — Epstein Estate Records (Nov 2025)

…s personal jurisdiction over them. Although each of these moving Defendants filed a separate motion to dismiss, their arguments in favor of dismissal are similar.’ They argue that, even “assum[ing] that plaintiffs have stated a claim against the ‘SAAR Network,’ ” (see, e.g., Afri...

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)

…The last one, EM, is the big loser out of Trump Reflation Theme. DM over EM and divergence within DM are very much in vogue. All gains of EMBI since March are gone! For Rates & FX, it does feel like early days of Taper Tantrum trade of 3 years ago. Both dominated by US price acti...

Re: Fw: The new iterations of Ghislaine Maxwell
email TEXT-001-HOUSE_OVERSIGHT_017590.txt Jul 4, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

…he group also attempted to hijack a jet over London belonging to the Israeli airline El Al but was thwarted by security guards on board. The Pan Am seizure ended quickly, but the passengers on the TWA and Swissair jets were diverted to a British air base in Jordan and the drama o...

We do not believe this tightening cycle will lead to a US recession in 2017
document IMAGES-003-HOUSE_OVERSIGHT_014559.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…bit 23, the difference between the Federal Reserve dots, the view implied by the bond market, the forecast by our colleagues in GIR and our view is negligible. The bond market has priced two hikes, the Federal Reserve and GIR expect three hikes, and we think two or three hikes ar...

Conclusion: The Future of Freedom of Speech
document IMAGES-004-HOUSE_OVERSIGHT_017242.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… readers to see whether you qualify to join “the First Amendment Club.” Do you really believe in the freedom of speech guaranteed by our First Amendment? Or do you just support the speech of those with whom you agree? Nearly two hundred years ago, the French philosopher Voltaire...

reports, but these do not appear in filings detected by Bloomberg. Similarly, General Motors reports
document IMAGES-006-HOUSE_OVERSIGHT_020579.txt Jan 22, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…s and sent back to China. O’Keeffe, Kate, Aruna Viswanatha, and Cezary Podkul. “China’s Pursuit of Fugitive Businessman Guo Wengui Kicks Off Manhattan Caper Worthy of Spy Thriller.” Wall Street Journal. October 23, 2017. https://www.wsj.com/articles/chinas-hunt-for-guo-wengui-a-f...