EFTA01089722Set 9
2012-06-2944p20,625w
earnings outlook compared to other European
markets. Moreover, the valuation is attractive at a trailing P/E ratio close to 10. Australia
Hong Kong
• We keep our negative stance on Eurozone ... expect earnings to grow by around 10% in the next 12 months, and the trailing P/E
multiple to expand to around 15x.
Our sector stance in the US
11 Negative ... Eurozone debt crisis, we would expect the PIE multiple to contract
towards 12.0x trailing earnings. Consumer Staples
Note: Scenarios refer to global economic scenarios (see slide 7) Energy
Financials
https://www.justice.gov/epstein/files/DataSet%209/EFTA01089722.pdf
EFTA00315784Set 9
65p37,280w
null directory name may appear as two adjacent
colons, or as an initial or trailing colon. The default path is system-dependent, and is set by the
administrator who installs ... nsys%31S'. If the value is null, no timing information is displayed.
A trailing newline is added when the format string is displayed.
TMOUT
If set to a value greater ... produce a pattern just as in pathname expansion. If the pattern matches a
trailing portion of the expanded value of parameter, then the result of the expansion is the
expanded
https://www.justice.gov/epstein/files/DataSet%209/EFTA00315784.pdf
EFTA01478313Set 10
2016-03-3112p6,071w
FAMILY OFFICE RELATIONSHIP Falcon Trail Capital, LLC 3/31/2016 75 Deri
vatives (Equity - Swap) 5000000 BPS 200 100000 Morris 0 0 J14=100000
CLO 5K FAMILY OFFICE RELATIONSHIP Falcon Trail Capital ... Equities/Balanced 25000000 BPS 35 87500 Paul Morris
CLO 2 SK FAMILY OFFICE RELATIONSHIP Falcon Trail Capital, LLC 3/31/2016 75 Deri
vatives (Equity - Swap) 5000000 BPS 200 100000 Paul Morris ... FAMILY OFFICE RELATIONSHIP Falcon Trail Capital, LLC 3/31/2016 75 Deri
vatives (Equity - Swap) 5000000 BPS 200 100000 Paul Morris
Structured Notes SK FAMILY OFFICE RELATIONSHIP SK Family Office 3/31/2016
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01478313.pdf