Epstein Secrets

ctor two times greater than our volatility adjusted position sizing. Leverage levels can be customized to eac h investor. T24M Sharpe Ratio: 1.19 Sharpe Since 1/1/12: 1.29 Historical Sharpe & Notes: Historical sharpe ratio is in excess of 2.0X (backtest from 1995, see Investor Presentation). Our s

1 —Series2 Rolling 30 Day Realized Volatility - EFTA00288419 Atorus, LLC 5/30/2010 Percentile Distribution of Current MTM Gains in Vol Days by Position (ex-99pct & ex-lst percentiles) 70.00 60.00 50.00 40.00 30.00 20.00 10.00 0.410 10.0P 4 4 # SP dr. 4 # _# 4 4 4., dr. dr. 4 # VP 'JCS _IrSa # _

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% 1.00% -0.91%

1.00% 0.80% 0.60% 0.40% 0.20% 0.00% Series1 EFTA00288483 Atorus, LLC 6/9/2010 Percentile Distribution of Current MTM Gains in Vol Days by Position (ex-99pct & ex-lst percentiles) 8000 7000 6000 5000 4000 3000 2000 1000 003 1000 1 nitania, q> 05 Percentile No. Vol Days 0.00% -19.92 5.00% -3.36

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: 2,000,0130.00 1,800,000.00 1600,000.00 1,400,000.00 1,200,000.00 1,000,000.00 800,000.00 600 00000

rits2 Rolling 30 Day Realized Volatility - Atorus EFTA00288451 Atorus, LLC 6/5/2014 Percentile Distribution of Current MTM Gains in Vol Days by Position (ex-99pct & ex-lst percentiles) MOO 7000 60.00 50.00 40.00 30.00 2000 1000 °CO . / . . ./ ./ " . . ..' M. Vol Days by Position Percentile No. Vol D

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%

Acytteet Al Rolling 30 Day Realized Volatility - EFTA00288659 Atorus, LLC 8/4/2014 Percentile Distribution of Current MTM Gains In Vol Days by Position (ex-99pct & ex-lst percentiles) MAO €OAO 5000 4000 2000 2000 10.00 °CO 10.00.0 . . % % % % 1* h 'h h •X 'X In nn Percentile No. Vol Da 0.00% -11.

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: 7/10/2014 101.96% 46.30% 15.82% 3.93% 6,544,026 (565,615) 5,978,411 1,000,000 2,019,604 Change o

e Al Rolling 30 Day Realized Volatility - Atorus EFTA00288579 Atorus, LLC 7/10/2014 Percentile Distribution of Current MTM Gains in Vol Days by Position (ex-99pct & ex-lst percentiles) 80.00 MOO 80.00 50.00 40.00 30.00 20.00 10.00 «CO 1040 ,,,+b # 0 49 l t. atsztatitztrafte , % % 4, % /1 of P/I. Vo