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S NOT HAVE A GUARANTEED PERFORMANCE AND PAST RETURNS DO NOT GUARANTEE FUTURE ONES. NOTICE TO RESIDENTS OF HONG KONG: NO PERSON MAY OFFER OR SELL IN HONG KONG, BY MEANS OF ANY DOCUMENT, ANY INTERESTS OTHER THAN (A) TO "PROFESSIONAL INVESTORS" AS DEFINED IN THE SECURITIES AND FUTURES ORDINANCE (CAP. 571) O
Francisco to Berlin, and there are no flights under 10 hours from San Francisco to anywhere in Europe), and (c) the simple realities of time zones (Continental Europe is +9.10 hours ahead of California, making scheduling board calls and informal check-ins very difficult). As a result, many of the most prestigious
ontents of which are likely to be accessed or read by, the public in Hong Kong (except if permitted to do so under the applicable securities laws of Hong Kong) other than with respect to debentures which are or arc intended to be disposed of only to persons outside Hong Kong or only to "professional invest
insurance- primarily commercial insurance business, including excess and surplus lines and admitted lines, in the United States, the United Kingdom, Continental Europe, South America, Canada. Scandinavia. Asia and Australia; and • Reinsurance- reinsurance business on a facultative and treaty basis, primarily in th
lization (large caps) over ones with a small one (small caps) in the current very challenging economic environment. Small caps generate more sales in Continental Europe than large caps. Thus, they are more negatively affected by weak domestic demand. Small caps also have a more cyclical earnings exposure than large c
Page: HOUSE_OVERSIGHT_025268 →. real estate recommending to have Asia has been the strongest performer and Europe has outperformed the US year-to-date as tail risk was exposure to the Hong Kong, Singapore reduced by the ECB launching the OMT. QE3 is not an imminent performance driver but provides a support and Australia markets. The asset cl
Page: HOUSE_OVERSIGHT_025286 →Entities connected to both Hong Kong and Continental Europe

United States
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Malaysia
LOCATION
New Zealand
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United Arab Emirates
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Vietnam
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Norway
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Federal Reserve
ORGANIZATION
North America
LOCATIONthe Securities and Exchange Commission
ORGANIZATION
Toronto
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Bahamas
LOCATION
Belgium
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Western Europe
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Panama
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North
LOCATION
Ontario
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Target
ORGANIZATION
Amsterdam
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Stockholm
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Luxembourg
LOCATION