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efta-01364394DOJ Data Set 10Other

EFTA01364394

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DOJ Data Set 10
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efta-01364394
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EFTA Disclosure
Text extracted via OCR from the original document. May contain errors from the scanning process.
Risk Premia Correlation Analysis Correlations Through Time • Risk Premia research has focused on the superiority of Risk Premia compared to asset classes as diversifiers during periods of market stress. Correlation 3Y Rolling Average Correlation to Equities 100% 80%• 60% • 40% 20% t eleayirbolikadv iskit, 0% 92 93 97 98 99 00 01 02 I I 06 07 08 09 10 11 12 13 14 15 -20% • -40% -60% -80% -100% Risk Premia Cross-Asset Traditional Asset Classes 'TraditionalAsset Classes refers to Equity, Bonds, Commodities, Hedge Funds, Private Equity and REITs. Source: Deutsche Bank. Bloomberg. Past performance is no indicator of future returns. 8 CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) CONFIDENTIAL DB-SDNY-0054927 SDNY_GM_00201111 EFTA01364394

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