Epstein Secrets

ities & differentiated offering Key Client Partners point of access: Deutsche Asset & Wealth Management (DeAWM) London New York Geneva / Zurich Frankfurt Corporate Banking & Securities (CB&S) Global Transaction Banking (GTB) Singapore 3rd Party KCP capabilities KCP clients Specialty and boutique

UM as of May 5th, 2014 — Investing in the LiquidAlts H2O Force 10 Fund presents several benefits and features: — Style: Global Macro, Multi-Asset, Active, Top-Down, Value and Diversified — unlike traditional global-macro, the fund takes a collective approach across non-siloed asset classes — Fully D

1 EFTA01477940 Discretionary Portfolio Management At a glance Assets entrusted to us AuM € billion Global Regions 20 Americas 17 EM EA Frankfurt Zurich, Geneva Luxembourg Boston Chicago San Francisco Los Angeles Baltimore London Madrid New York Hong Kong Singapore Retail 2% UHNW

t outperforms sovereigns in tightening cycles. — Cautious on EM debt due to the uncertain growth outlook but looking for opportunities to add. — Active management advised, especially in high yield. Footnotes: Outlook as of March 21, 2016 Multi-Asset Investment Committee Meeting and March 22, 2016

1 EFTA01478010 Discretionary Portfolio Management At a glance Assets entrusted to us AuM € billion Global Regions 20 Americas 17 EM EA Frankfurt Zurich, Geneva Luxembourg Boston Chicago San Francisco Los Angeles Baltimore London Madrid New York Hong Kong Singapore Retail 2% UHNW

t outperforms sovereigns in tightening cycles. — Cautious on EM debt due to the uncertain growth outlook but looking for opportunities to add. — Active management advised, especially in high yield. Footnotes: Outlook as of March 21, 2016 Multi-Asset Investment Committee Meeting and March 22, 2016

rme GmbH Hanau 100.00 CyPlus GmbH Hanau 100.00 DeAM Treasury 1 Spezlalfoads der Evonik Industries AG Essen b 0.00 Evonik Betelligungs-GmbH Frankfurt am Main • 100.00 Evonlk Catering Semites GmbH Marl • 100.00 Evonlk Creavls GmbH Essen • 100.00 Evonlk Dahlenbum GmbH Dahlenburg • 100.0

s as a result of the specific demand/supply situation and political events. These entail both opportunities and risks. 9. Mergers £7 acquisitions Active portfolio management has high priority for Evonik as part of our value-based management approach. We have set out clear procedures for preparing, a