Epstein Files Search

EFTA01475132Set 10

2015-09-2151p11,994w

Deutsche Asset & Wealth Management Americas Edition October 2015 CIO View Global economic landscape Coping with emerging-market tremors EFTA01475132 Nine positions Focus The big picture Investment traffic lights Asset-class ... incorrect. Source: Deutsche Asset & Wealth Management Investment GmbH, as of 9/24/15 2 CIO View I Americas Edition I October 2015 EFTA01475134 Nine positions Focus Letter to investors Investing in binary ... assumptions, estimates, opinions and hypothetical models or analyses that may prove to be incorrect. CIO View I Americas Edition I October 2015 3 EFTA01475137 Nine positions Focus The big picture

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01475132.pdf

EFTA01477352Set 10

2016-02-1011p2,263w

internal use only Since we came out with a WM Approved version of the CIO View Special on oil last night, I revised the research email introduction. Please see below ... Melinda Roy; Paul Morris Subject: RE: COMPLIANCE COMMENT: Deutsche AM CIO View Special: "Beyond the oil bust: Are markets right to worry?" (client-ready english versions - german version will follow ... Stewart Oldfield; Paul Morris Subject: RE: COMPLIANCE COMMENT: Deutsche AM CIO View Special: "Beyond the oil bust: Are markets right to worry?" (client-ready english versions - german version will follow

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01477352.pdf

EFTA01474522Set 10

2015-09-088p1,247w

attached two reports as well perhaps. Could also include the brief summary of the CIO view EFTA01474523 His nine positions are: - U.S. labor market continues to develop positively. - Increasing labor ... position my portfolio in light of increasing uncertainty?" If this edition of our CIO View, Asoka Wohrmann explores the impact of recent global growth woes. Specifically, he takes ... Litchford; Paul Morris Subject: RE: Deutsche AWM CIO View: Rate hike ahead - Federal Reserve slows the engines /// Zinswende voraus - Federal Reserve drosselt die Maschinen (September 2015 EXTERNAL version) Classification: Public

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01474522.pdf

EFTA01458244Set 10

2015-09-031p354w

CIO Office Sent: Thursday, September 03, 2015 3:56 AM Subject: Deutsche AWM CIO View: Rate hike ahead - Federal Reserve stows the engines /// Zinswende voraus - Federal Reserve drosselt die Maschinen ... Asset & Wealth Management Dear colleagues, Will she or won't she? In our current CIO View we explain why the Fed is still likely to raise rates this year ... leaders that worries us more. Find out in the latest Deutsche AWM CIO View, the market outlook of our CIO Asoka Woehrmann. We proudly launched our new CIO View WEBSITE

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01458244.pdf

EFTA01459652Set 10

2016-02-051p384w

Paul Morris; Stewart Oldfield Subject: FW: COMPLIANCE COMMENT: Deutsche AM CIO View Special: "Beyond the oil bust: Are markets right to worry?" (client-ready english versions - german version will follow ... Classification: For Internal use only I was preparing a research email using the CIO View Special but then got this email it's too bad because the piece is very ... good. Would you like me to prepare a research distribution email without the CIO view? Or wait until next month? From: Deutsche AM CIO Office [mailt Sent: Friday, February

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01459652.pdf

EFTA01459546Set 10

2016-02-051p382w

preparing a research email using the CIO View Special but then got this email it's too bad because the piece is very good. Would you like me to prepare ... research distribution email without the CIO view? Or wait until next month? From: Deutsche AM CIO Office Sent: Friday, February 05, 2016 10:16 AM Subject: COMPLIANCE COMMENT: Deutsche ... CIO View Special: "Beyond the oil bust: Are markets right to worry?" (client-ready english versions - german version will follow soon) Dear colleagues. please note that in the United States

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01459546.pdf

EFTA01387359Set 10

1p308w

proudly launched our new CIO View WEBSITE in December. You can use this to download the new September issue of the CIO View as a conventional PDF or just read ... online. A new digital CIO View structure also helps you to navigate individual sections: All documents are compliance-approved for distribution in the respective region. Should you have any questions ... geehrte Kolleginnen und Kollegen, tut sie's oder tut sie's nicht? Im aktuellen CIO View erklären wir, warum wir noch dieses Jahr mit einer Zinserhöhung der Fed rechnen

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01387359.pdf

EFTA01477939Set 10

2015-12-3162p10,734w

Investment Process A global, consistent and transparent process Multi Asset Investment Process Portfolio Construction CIO View Global Asset Research Allocation MIC1 Regional Asset Allocation RIC2 Security Selection PIC3 Portfolio Management ... reviewed and challenged. The decisions taken at the CIO Day are presented in our CIO View which includes: Macro-economic environment Single asset class outlook Financial market forecasts and high ... conviction ideas Risks to the main scenario Strategic CIO View is the starting point for our multi asset investment process 1 Chief Investment Officer (CIO) Source: Deutsche Bank Wealth Management

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01477939.pdf

EFTA01478009Set 10

2015-12-3162p10,740w

Investment Process A global, consistent and transparent process Multi Asset Investment Process Portfolio Construction CIO View Global Asset Research Allocation MIC1 Regional Asset Allocation RIC2 Security Selection PIC3 Portfolio Management ... reviewed and challenged. The decisions taken at the CIO Day are presented in our CIO View which includes: Macro-economic environment Single asset class outlook Financial market forecasts and high ... conviction ideas Risks to the main scenario Strategic CIO View is the starting point for our multi asset investment process 1 Chief Investment Officer (CIO) Source: Deutsche Bank Wealth Management

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01478009.pdf

EFTA01089722Set 9

2012-06-2944p20,625w

Allaolractik Japan 2.5 2.0 -0.3 0.2 05 CIO View (Probability: 60%*) alraI 2.1 3.7 3.5 3.4 1.6 25 Dina 92 8.2 0.5 5.4 3.0 4.0 • Global economic activity remains moderate ... Portugal? 65 • In what direction will the economy and the ECB go? 60 CIO View (Probability: 65%•) Austerity and weak growth 55 • Support for the banking sector is a major ... agreement to avoid sharp fiscal contraction in early 2013 ("fiscal cliff")? 8% 6% CIO View (Probability: 65%*) No QE3, political gridlock and some fiscal tightening 4% • The economy stays

https://www.justice.gov/epstein/files/DataSet%209/EFTA01089722.pdf

EFTA01474153Set 10

2015-08-039p1,300w

Subject: RE: DB market outlook research and client conference call details I tweaked the CIO View ghostwritten email.. let me know what you think. From: Paul Morris Sent: Monday ... intro email should be rewritten. If we are primarily focused on the new CIO view given lack of any other recent good pieces, perhaps we just outline what ... there. Please find attached the August issue of The CIO View which contain the views of Chief Investment Officer Asoka Wihrmann. His nine positions are: Central bankers warn against overheated

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01474153.pdf

EFTA01380808Set 10

1p144w

Multi Asset Investment Process Deutsche Bank Wealth Management's CIO' View and Research is the starting point View Generation The decisions taken at the CIO Day are A quarterly CIO ... gathers tn.. I 'IF,t senior professionals in presented in our CIO View which includes: • • InIn■ NM MI Deutsche Bank WM responsible for asset classes and research. Macro-economic ... Alternatives and Multi Assets is reviewed and challenge Risks to the main scenario Strategic CIO View is the starting point for our multi asset investment process ' Chief Investment Officer (CIO

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01380808.pdf

EFTA01458948Set 10

2015-12-101p415w

research email Attachments: World Outlook 2016.pdf; China Monthly.pdf; CIO Flash CNY.pdf; CIO Flash ECB.pdf; CIO View December 2015.pdf; DB Special Report Euroglut.pdf; Monthly Email Intro December.docx; The House View.pdf ... face of the first rate increase since 2006? In this edition of CIO View, our new CIO Stefan Kreuzkamp explores these topics in-depth and proposes that, while

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01458948.pdf

EFTA01089619Set 9

2013-04-2546p24,794w

AllaiPaCIIIC oDWI 20 10 In 00 01 III CIO view (Probability: 70%*) Sluggish expansion antInDs 36 10 10 III )a 14 China /II •0 50 ) 7 15 a0 • We expect ... Italy will likely call early elections in late 2013 or early 2014. 55 50 CIO view (Probability: 70%*) Austerity and weak growth 45 • Economic data so far suggests that ... dampened the risk to growth but has not dramatically boosted activity. 8% 6% CIO view (Probability: 70%*) Moderate expansion 4% • We expect the economy to stay on a moderate growth

https://www.justice.gov/epstein/files/DataSet%209/EFTA01089619.pdf

EFTA01089574Set 9

2013-02-2145p23,567w

Asia/Pacific Lain .0.6 2.1 1.3 .0.3 0.0 0.3 CIO View (Probability: 75%*) Sluggish expansion A62443 2A 3.6 3.0 3.3 1.8 2.4 Chna 93 72 8.0 541 2.7 3.5 • We expect ... junk, and general elections in Italy could further exacerbate the situation. 55 50 CIO View (Probability: 70%• ) Austerity and weak growth 45 • The Eurozone economy is expected to leave recession ... downside growth risk but hasn't dramatically boosted activity. annualized in % 8% qfq annudized CIO View (Probability: 70%*) Moderate expansion osa • We expect the economy to stay on a moderate

https://www.justice.gov/epstein/files/DataSet%209/EFTA01089574.pdf

EFTA01433097Set 10

2016-07-155p836w

Updated CIO Strategic Forecasts, Asset Class Views and Asset Allocations: DB WM — Strategic CIO View — July 2016 o Outlines the recently updated (post-Brexit) WM CIO strategic forecasts and asset

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01433097.pdf

EFTA01385679Set 10

2016-07-151p306w

Updated CIO Strategic Forecasts, Asset Class Views and Asset Allocations: • DB WM — Strategic CIO View — July 2016 o Outlines the recently updated (post-Brexit) WM CIO strategic forecasts and asset

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01385679.pdf

EFTA01382203Set 10

2016-07-151p304w

Updated CIO Strategic Forecasts, Asset Class Views and Asset Allocations: • DB WM — Strategic CIO View — July 2016 o Outlines the recently updated (post-Brexit) WM CIO strategic forecasts and asset

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01382203.pdf

EFTA01428694Set 10

2016-07-154p720w

EFTA01428694 Updated CIO Strategic Forecasts, Asset Class Views and Asset Allocations: DB WM — Strategic CIO View — July 2016 o Outlines the recently updated (post-Brexit) WM CIO strategic forecasts

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01428694.pdf

EFTA01457991Set 10

2015-08-031p435w

intro email should be rewritten. If we are primarily focused on the new CIO view given lack of any other recent good pieces, perhaps we just outline what ... there. Please find attached the August issue of The CIO View which contain the views of Chief Investment Officer Asoka W6hrmann. His nine positions are: Central bankers warn against overheated ... follows: fixed income, 41%; equities, 48%; alternatives, 10%; commodities, 1% Also in the August CIO View: Focus: The limits to monetary policy - The big picture: Crises create opportunities Investment traffic

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01457991.pdf