Epstein Secrets

,539 135,309 (9,229) 2.59% Deutche Telekom 145,332 133,279 116,541 (16,738) 2.23% Vodafone 140,171 157,656 142,213 (15,443) 2.72% 0ao Gazprom-spon Ads 122,533 70,480 57,671 (12,809) 1.10% Citigroup Inc 106,350 21,129 19,616 (1,513) 0.38% France Telecom 80,583 72,928 53,263 (

274,547 217,526 (57,021) 4.16% Allianz Ag-reg 222,760 160,616 127,738 (32,878) 2.44% Bayer AG 215,297 235,194 194,966 (40,228) 3.73% Telefonica 207,123 207,104 163,141 (43,964) 3.12% BP Plc 181,363 195,927 98,722 (97,205) 1.89% RWE Ag 173,984 151,009 112,273 (38,736) 2.15% P

a is one of the =orst performing markets in 2017. Under-positioning and fundamentals =etting better Long equal =eighted basket of Russian Oil names: Gazprom, Lukoil, Rosneft 07/11/2017 22/02/2018 98.95 113.04 4 EFTA_R1_01638131 EFTA02507468 We think we are entering a period of =ncreasing volatili

sitioning short/underweight. Positive =ews flow for Italy and Spain causing a squeeze in peripheral bonds and =quities Long equal =eighted basket of Telefonica; lberdrola; Enel; Unicredit & Santander 26/10/2017 15/02/2018 97.8 92.9 X Rates market =ontinues to re-price ECB. lyly Eonia is almost back at

a is one of the =orst performing markets in 2017. Under-positioning and fundamentals =etting better Long equal =eighted basket of Russian Oil names: Gazprom, Lukoil, Rosneft 07/11/2017 22/02/2018 98.95 113.04 We think we are entering a period of =ncreasing volatility into the Italian Elections (4th M

sitioning short/underweight. Positive =ews flow for Italy and Spain causing a squeeze in peripheral bonds and =quities Long equal =eighted basket of Telefonica; lberdrola; Enel; Unicredit & Santander 26/10/2017 15/02/2018 97.8 92.9 X Rates market =ontinues to re-price ECB. lyly Eonia is almost back at