EFTA01426992

Subject: FW: catching up/risk premia investin From: Stewart Oldfield Date: Fri, 21 Apr 2017 13:45:30 -0400 To: Audie Apple ‹ > Cc: Vahe Ste anian <vahe.stepanian@db com> Bcc: Southern Financial as promised. Did Gene ever come back to you? From: Stewart Oldfield Sent: Friday, April 21, 2017 1:45 PM To: Richard Kahn Cc: Vahe Stepanian Subject: catching up/risk premia investing Rich, I'm just back from 10 days in Maui with a whole set of recommendations for you. You're going to have an awesome time. Do you have time to chat next week about risk premia investing? Think of it as systematic trading to extract risk premia (curve structure, volatilit , I etc.) across asset classes. Basically what most hedge funds do, but in more liquid and transparent fashion and with lower fees. It might appeal to JE since he could tailor the investment strategies and employ efficient leverage or portfolio hedging alongside. I would like to get you on the phone with Audie Apple from our team to give you I better overview and see if makes sense to try to advance the discussion on your side. Hope all is well. Stew EFTA01426992 Stewart Oldfield, CFA, CAIA Director Deutsche Deutsche 345 Park Tel. Mobile Email Bank Trust Company Americas Bank Wealth Management Avenue, New York, NY 10154 blackberry Securities offered through Deutsche Bank Securities Inc. EFTA01426993