Epstein Secrets

1/ % of Total Possible 2/ C8 Portfolio CB Reserves 3/ Top-8 All EUR Total 11,321 100% 1,550 3,000 GER 1,508 13.3% 35.0% 543 1,050 PIIGS Total 3,909 34.5% 30.0% 465 900 POR 182 1.6% 1.4% 22 42 IRE 135 1.2% 1.0% 16 31 ITA 2,567 22.7% 19.7% 305 591 GRE 428 3.8% 3.3%

Funds IN 2.0 SWF IME 3.6 CB Reserves 9.0 Insurance 17.0 Mutual Funds 18.9 Pension Funds 30.0 0 5 10 15 20 25 30 Sources :Mckinsey, Bluegold, IFSL Research The big sellers of EURs so far have been the CTAs and hedge funds, which, as the chart above shows, together control `only' US$2.1 t

1/ % of Total Possible 2/ C8 Portfolio CB Reserves 3/ Top-8 All EUR Total 11,321 100% 1,550 3,000 GER 1,508 13.3% 35.0% 543 1,050 PIIGS Total 3,909 34.5% 30.0% 465 900 POR 182 1.6% 1.4% 22 42 IRE 135 1.2% 1.0% 16 31 ITA 2,567 22.7% 19.7% 305 591 GRE 428 3.8% 3.3%

Funds IN 2.0 SWF IME 3.6 CB Reserves 9.0 Insurance 17.0 Mutual Funds 18.9 Pension Funds 30.0 0 5 10 15 20 25 30 Sources :Mckinsey, Bluegold, IFSL Research The big sellers of EURs so far have been the CTAs and hedge funds, which, as the chart above shows, together control `only' US$2.1 t

t 1/ % of Total Possible 2/ CB Portfolio CB Reserves 3/ Top-8 All EUR Total 11,321 100% 1,550 3,000 GER 1,508 13.3% 35.0% 543 1,050 PIIGS Total 3,909 34.5% 30.0% 465 900 POR 182 1.6% 1.4% 22 42 IRE 135 1.2% 1.0% 16 31 ITA 2,567 22.7% 19.7% 305 591 GRE 428 3.8% 3.3%

nsurance Mutual Funds Pension Funds IIIIIIIIIIII 3.6 Assets under Management 9.0 17.0 18.9 30.0 0 5 10 15 20 25 30 Sources: Mckinsey, Bluegold, IFSL Research The big sellers of EURs so far have been the CTAs and hedge funds, which, as the chart above shows, together control `only' US$2.1 t