Epstein Secrets

ctor two times greater than our volatility adjusted position sizing. Leverage levels can be customized to eac h investor. T24M Sharpe Ratio: 1.18 Sharpe Since 1/1/12: 1.28 Historical Sharpe & Notes: Historical sharpe ratio is in excess of 2.0X (backtest from 1995, see Investor Presentation). Our s

59.51) 7201 JP Equity (84) (2,999) (3,742.97) 9.10 -3.22 0.87% (53.54) 7203 JP Equity 34 (4,207) (5,259.85) 55.63 1.18 0.69% (35.10) Sharpe Since 1/1/11 1.281 (4.72) 7267 JP Equity 21.57 762 HK Equity 2.69 7751 JP Equity 8.72 8031 JP Equity (21.25) 8058 JP Equity 2.65 8106 JP

4.03 53.33 -1.37 0.96% 14.81 ROG VX Equity 6,612 17,035 /*A N/A 66.18 0.59% RY CN Equity 470 11,337 66.05 68.79 8.96 0.46% (25.50) SAS LN Equity 1,310 11,420 49.47 55.15 14.24 0.81% 58.02 SAN FP Equity (27) (4,530) 105.52 106.14 -0.87 0.68% (12.38) SAN SM Equity 1,639 9,357

Equities Target Vol-Adj. Risk Global Macro Targeted Max Loss (ex•Leverage) Leverage Target At Inception: Notes on Leverage: T24M Sharpe Ratio: Sharpe Since 1/1/12: Historical Sharpe & Notes: Historically 2.25X • 3.25X, depending on measurement Interval 40% - 50% histor tally 52% 0.99% .0.90%

-4.22 1.10% 3.49 ROG VX Equity 6,696 17,035 212.78 296.42 70.79 0.56% 73.96 RY CN Equity 588 12,925 66.40 69.42 10.51 0.43% 35.26 SAS LN Equity 1,974 12,190 49.91 57.99 20.60 0.79% 143.38 SAN FP Equity (39) (4,572) 106.54 107.46 -1.86 0.46% (7.99) SAN SM Equity 2,038 9,840

Equities Target Vol-Adj. Risk Global Macro Targeted Max Loss (ex-Leverage) Leverage Target At Inception: Notes on Leverage: T24M Sharpe Ratio: Sharpe Since 1/1/12: Historical Sharpe & Notes: Historically 2.25X • 3.25X, depending on measurement Interval 40% - 50% histor tally 53% 0.98% 0.90%

34 54.34 57.24 5.10 1.04% 52.76 ROG VX Equity 6,130 17,035 212.78 289.35 65.17 0.55% RY CN Equity 1,246 15,531 OVA N/A 17.25 0.46% SAS LN Equity 929 13,023 50.36 53.95 8.88 0.80% (1.68) SAN FP Equity 111 5,571 104.49 106.57 3.60 0.55% 16.62 SAN SM Equity 1,401 9,880 8.73 9.

Equities Target Vol-Adj. Risk Global Macro Targeted Max Loss (ex-Leverage) Leverage Target At Inception: Notes on Leverage: T24M Sharpe Ratio: Sharpe Since 1/1/12: Historical Sharpe & Notes: Historically 2.25X • 3.25X, depending on measurement Interval 40%- 50% histor tally 53% 0.98% -0.89%

1.02% (57.12) ROG VX Equity 6,588 17,035 212.78 295.07 69.10 0.56% (244.92) RY CN Equity 1,572 15,233 67.29 74.23 23.03 0.45% 13.53 SAS LN Equity 1,668 12,639 50.16 56.79 17.12 0.77% 33.06 SAN FP Equity (196) 5,211 106.56 102.69 -8.46 0.45% (30.01) SAN SM Equity 1,345 9,880 8