rg headlines were filled with unyielding forecasts of bear markets, Al Qaeda manufacture of biological weapons, Spitzer lawsuits against the banks, PIMCO's description of the U.S. being perched on a deflationary cliff, weakening job markets, and skepticism about fiscal and monetary stimulus. I don't

: RE: PIMCO Thank you. From: G Maxwell [mailto: Sent: Friday, September 26, 2014 11:18 AM To: Casriel, Lyle Subject: Re: PIMCO Lets get out of PIMCO Ok on black rock THE TERRAMAR PROJECT FACEBOOK TWITTER G+ PINTEREST INSTAGRAM PLEDGE THE DAILY CATCH I; Shkreli, Juliana 1; Waldron, Chels

4% sees completion by early Oct (had 1,229 employees at yr end) • The SEC is investigating whether returns were artificially inflated for an ETF at PIMCO (WSJ) EFTA00361841 • Maple Leaf Foods (MFI CN): activist holder West Face Capital out of the name (Globe & Mail) • TNT Express overall condition

gain access to cash you can. The illustrations attached give detailed information on each strategy. Here's a brief description of each fund and of PIMCO: PIMCO Total Return Fund: Aims to provide a combination of income, capital preservation and capital appreciation. This is PIMCO's anchor strategy m

ETIONARY MACRO FUND 41 PHARO TRADING FUND 38 RENAISSANCE INSTITUTIONAL EQUI 27 SR GLOBAL FUND INC G - GLOBA 21 TULIP TREND FUND. LTD - A 44 PIMCO ABSOLUTE RETURN STRATEGY 33 RENAISSANCE INSTITUTIONAL FUTU 44 SR PHOENICIA INC CLASS -A- SER 21 TWO SIGMA ABSOLUTE RETURN FUND 46 PIMCO GLOBA

hua University YANG Aimin General Manger, Financial Market Department, China Construction Bank Bill GROSS Founder, Managing Director and CO-CIO, PIMCO CHEN Geng President & Vice Chairman, Guotai Junan Securities Co., Ltd. ZHU Changhong Chief Investment Officer, Reserves Management Department,

ED • PSF FLEXIBLE MANAGED FIXED-INCOME PORTFOLIOS F AST••• PIMCO LIMITED MATURITY BOND PORTFOLIO AST••• BLACKROCK/LOOMIS SAYLES BOND PORTFOLIO r PIMCO VIT REAL RETURN PORTFOLIO PSF DIVERSIFIED BOND r PSF GOVERNMENT INCOME PSF HIGH YIELD BOND ASSET ALLOCATION PORTFOLIO • PIMCO VIT ALL ASSET PORT

Offerings as of 05/01/2015 Single Manager Insurance-Dedicated Funds Investment Subadvisor 31. PIMCO Absolute Return Strategy Fund (PARS) IV IDF PIMCO 32. Providence Insurance Fund Providence Investment Management, LLC 33. Rand Advisors Series I Insurance Fund Rand Advisors, LLC 34. Rimrock

cash you can. EFTA00656051 The illustrations attached give detailed information on each strategy. Here's a brief description of each fund and of PIMCO: PIMCO Total Return Fund: Aims to provide a combination of income, capital preservation and capital appreciation. This is PIMCO's anchor strategy m

ets Detail Estimated Price Ouantiy Value Cost Hedge Funds HSBC FDS TOTAL RETURN I 40428X-154 HTRI X 10.25 4,824.198 49,448.03 49,841.00 PIMCO FDS UNCONSTR BD 72201M-45-3 PUCP X 11.57 17,107.485 197,933.37 197,078.00 PRUDENTIAL INVT PORTFOLIOS 9 PRU ABRTN FD 2 74441.1.82-9 PAOZ X 1

ited States of America 0/0/00 0/0/00 Unspecified C.H. Kevin Sedwick If 3819 Maple Avenue Normal False Normal Dallas TX "Ashish Malhotra PIMCO Newport Beach CA 92660 United States of America 0/0/00 0/0/00 Unspecified P. ■ "Ben Emons, SVP Portfolio Management Matt Dorsten Multi-a

0% 381,860,089 1% 3,001,445 3% WASSERMAN ALAN 1 0% 381,060,929 1% 1,463,492 2% APOLLO INVESTMENT F 1 0% 375,113,433 1% 774,322 1% PIMCO 1 0% 352,492,236 1% 1,664,451 2% ELLISON J 1 0% 345.915.299 1% (290.684) 0% BLACKSTONE GROUP 1 0% 337,076,672 1% 519,260 1% ASHK

Terrence Tangney FIRST RESERVE Rosemary Vrablic 2127936. LONE STAR FUNDS Rosemary Vrablic 2000136. WOLFSON Joanne Jensen 1843629.5981899993 PIMCO Rosemary Vrablic WASSERMAN ALAN Joanne Jensen 1. 2. 3. 5. 3254561.67709 3. 2624999.9976500003 2330636.933040002 0459600003 1. 46775 3.1

rs A ARTISAN FUNDS GIFFORD — Calvert - INVESTMENTS FIDUCIARY EAGLE MANAGEMENT. INC. Instslawne Camel NIalthews Asia %%%%%%% f MARI all•If PIMCO Seix Investment Advisors ur• 1.7iliori_ol(sj MAMMAMINI Apar PARINERS APOLLO NMI IDGEWATER I COON. MII.4.1.nol • KKR PAULSON & CO. INC.

hua University YANG Aimin General Manger, Financial Market Department, China Construction Bank Bill GROSS Founder, Managing Director and CO-CIO, PIMCO CHEN Geng President & Vice Chairman, Guotai Junan Securities Co., Ltd. ZHU Changhong Chief Investment Officer, Reserves Management Department,

at sustainable rates: by the time Greece turned to the IMF and its EU partners for help, its short- term bond yields were nearly 20%. Ramin Toloui of PIMCO, a fund-management group, explains the process this way: "When government debt reaches extreme levels, concerns about government creditworthiness be