Epstein Secrets

ategy up to —4x on a given amount of collateral. Of course, this would increase the potential return and risk, but would also maintain the favorable Sharpe ratio and low correlation to equities. As an example, on a given amount of collateral, 3x exposure would result in 210bps of incremental return over

risk adjusted return. Please let me know if you'd like to discuss further. From: Paul Barrett (mailto Sent: Monday, October 16, 2017 9:55 PM To: Andrew King < Cc: Stewart Oldfield < Subject: RE: DB - Harvest Collateral Yield Enhancement Strategy Hi Andrew I reviewed the returns over the past 4 years a

ategy up to —4x on a given amount of collateral. Of course, this would increase the potential return and risk, but would also maintain the favorable Sharpe ratio and low correlation to equities. As an example, on a given amount of collateral, 3x exposure would result in 210bps of incremental return over

From: Vahe Stepanian Sent: 2/22/2018 4:09:09 PM To: Stewart Oldfield 1; Andrew King (la CC: Martin Zeman Subject: RE: DB - Harvest Collateral Yield Enhancement Strategy II] Classification: For internal use only Stew/Andrew — wa

ategy up to 'Mx on a given amount of collateral. Of course, this would increase the potential return and risk, but would also maintain the favorable Sharpe ratio and low correlation to equities. As an example, on a given amount of collateral, 3x exposure would result in 210bps of incremental return over

From: Stewart Oldfield Sent: 1/26/2018 1:52:55 PM To: Andrew King Subject: RE: DB - Harvest Collateral Yield Enhancement Strategy Did anything happen with this? Thanks From: Andrew King Sent: Wednesday, October

ategy up to —4x on a given amount of collateral. Of course, this would increase the potential return and risk, but would also maintain the favorable Sharpe ratio and low correlation to equities. As an example, on a given amount of collateral, 3x exposure would result in 210bps of incremental return over

From: Stewart Oldfield Sent: 1/29/2018 5:39:59 PM To: Paul Barrett CC: Andrew King BCC: Subject: RE: DB - Harvest Collateral Yield Enhancement Strategy Paul, Given the recent uptick in vol, does it make sense to discuss this in

ategy up to -4x on a given amount of collateral. Of course, this would increase the potential return and risk, but would also maintain the favorable Sharpe ratio and low correlation to equities. As an example, on a given amount of collateral, 3x exposure would result in 210bps of incremental return over

Let's chat tomorrow Paul Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 111h Floor, New York, NY 10019 at ALPHA GROUP CAPITAL From: Andrew King ( Sent: Tuesday, October 17, 2017 12:25 PM To: Paul Barrett •> Cc: Stewart Oldfield Subject: RE: DB - Harvest Collateral Yield Enhancement Strate