Epstein Secrets

Inc 345 Park Avenue. New York, NY. 10154-0004 Office +1 212 454 2892 Mobile +1 917 854 1256 Email xavier.avila(adb.com Key Client Partners (KCP) Americas does not provide investment advice and the products. investment ideas and solutions and related matters discussed herein are provided for discussion

Historical Performance vs MSCI World and Barclays Agg 160% 160% 140% 1.20% 100% SO% 60% millimiliRisk Pre= Poetfoato 40% MSC World - Excess Ream 20% ---- Hadar Agg • Excess R

Wealth Management Americas Deutsche Bank Securities Inc 345 Park Avenue. New York, NY. 10154-0004 Office Mobil Email Key Client Partners (KCP) Americas does not provide investment advice and the products. investment ideas and solutions and related matters discussed herein are provided for discussion

Historical Performance vs MSCI World and Barclays Agg 1S0% 160% 1404 1.20% 100% 10% 60% 4e44 20% 0% 'ft t• t• X Xavier Avila Managing Director I Key Clients Partners Wea

A, ova. prenous prod. say Consumer prices N wet a )ea• ago 2011 2012 2013 2012 3012 4012 1013 2013 3Q13 4013 2012 4012 2013 4013 The Americas United States 1.8 2.3 1.8 1.3 3.1 1.5 1.0 1.5 2.5 3.0 1.9 1.9 1.6 1.4 Canada 2.6 2.0 1.7 1.7 0.6 1.5 1.7 2.0 2.2 2.5 1.6

asset class %. U Is unItedged into USD. H means hedged 2013E 2012 MSCI EM 15.0 17.4 EM Local Fl (U) 10.0 8.9 EMFX 10.0 7.5 GSCI 10.0 0.1 MSCI World 10.0 16.0 US HY 7.5 16.2 CEMBI 7.0 16.7 EMBIG 7.0 18.5 JACI 6.5 14.3 EU HY 6.0 25.0 US HY Loans 5.5 9.7 US KG 5.4 9.9 Gold 5.0 6.

untant (ACMA). Prior to Glendower, Adam spent 10 years at Deutsche Bank where he was responsible for the secondary private equity business in the Americas and led the implementation and management of secondary transactions. Prior to joining Deutsche Bank, Adam led private equity secondary and co-inve

Glendower SOF Team and there can be no assurance that SOF IV will achieve comparable results or that any target results will be achieved. See (2) MSCI World Index and Russell 2000 Index returns are based on total return. Thomson Reuters Private Equity Buyout Index returns are based on price. These bench

untant (ACMA). Prior to Glendower, Adam spent 10 years at Deutsche Bank where he was responsible for the secondary private equity business in the Americas and led the implementation and management of secondary transactions. Prior to joining Deutsche Bank, Adam led private equity secondary and co-inve

Glendower SOF Team and there can be no assurance that SOF IV will achieve comparable results or that any target results will be achieved. See (2) MSCI World Index and Russell 2000 Index returns are based on total return. Thomson Reuters Private Equity Buyout Index returns are based on price. These bench

untant (ACMA). Prior to Glendower, Adam spent 10 years at Deutsche Bank where he was responsible for the secondary private equity business in the Americas and led the implementation and management of secondary transactions. Prior to joining Deutsche Bank, Adam led private equity secondary and co-inve

Glendower SOF Team and there can be no assurance that SOF IV will achieve comparable results or that any target results will be achieved. See (2) MSCI World Index and Russell 2000 Index returns are based on total return. Thomson Reuters Private Equity Buyout Index returns are based on price. These bench

untant (ACMA). Prior to Glendower, Adam spent 10 years at Deutsche Bank where he was responsible for the secondary private equity business in the Americas and led the implementation and management of secondary transactions. Prior to joining Deutsche Bank, Adam led private equity secondary and co-inve

Glendower SOF Team and there can be no assurance that SOF IV will achieve comparable results or that any target results will be achieved. See (2) MSCI World Index and Russell 2000 Index returns are based on total return. Thomson Reuters Private Equity Buyout Index returns are based on price. These bench