Epstein Secrets

s beginning to move out of Mid-Large Caps. Small & Micro Cap valuations remain compelling relative to larger caps which have already recovered to pre-Lehman levels • Markets no longer punishing "bad" news Expect favorable momentum to be supportive for the next 2-4 years EFTA_R1_01947044 EFTA02672828

nancial Engineering a High Growth/ International a Hedges 0 10 20 30 40 so so (months) Investment Horizon • minimum • Maximum Although Deep Value, Turnaround investments will represent the main focus of the portfolio, GP does make shorter-term opportunistic investments Financial Engineering

years 15 EFTA_R1_0 1947049 EFTA02672833 Strategy a Execution Investment Buckets Hedges Ugh Growth/International Financial Engineering Deep, Deep Value "Turnaround" • Deep, Deep Value "Turnaround" • Financial Engineering a High Growth/ International a Hedges 0 10 20 30 40 so so (months)

s beginning to move out of Mid-Large Caps. Small & Micro Cap valuations remain compelling relative to larger caps which have already recovered to pre-Lehman levels Markets no longer punishing "bad" news Expect favorable momentum to be supportive for the next 2-4 years 10 EFTA00505789 Strategy & Exe

al Financial Engineering Deep, Deep Value "Turnaround* 0 10 20 30 40 Investment Horizon • Minimum • Maximum SO 60 (months) • Although Deep Value, Turnaround investments will represent the main focus of the portfolio, GP does make shorter-term opportunistic investments • Financial Engineer

. The typical investment holding period is between 2-4 years 15 EFTA00505794 Strategy & Execution Investment Buckets 10% 8% 2% MIS a Deep, Deep Value "Turnaround" • Financial Engineering - High Growth/ International • Hedges Hedges High Growth/International Financial Engineering Deep, Deep

s beginning to move out of Mid-Large Caps. Small & Micro Cap valuations remain compelling relative to larger caps which have already recovered to pre-Lehman levels Markets no longer punishing "bad" news Expect favorable momentum to be supportive for the next 2-4 years 11 EFTA00505817 Strategy & Exe

. Financial Engineering Deep, Deep Value "Turnaround" Investment Horizon ■ Minimum ■ Maximum 0 10 20 30 40 50 60 (months) • Although Deep Value, Turnaround investments will represent the main focus of the portfolio, GP does make shorter-term opportunistic investments • Financial Engineer

ation. The typical investment holding period is between 2-4 years 18 EFTA00505824 Strategy & Execution Investment Buckets 10% 8% 2% a Deep, Deep Value 'Turnaround" a Financial Engineering High Growth/ International ■ Hedges *II Hedges : High Growth/International . Financial Engineering Dee