EFTA01466890

Subject: Fw: Jeffrey - turkey. more than expected. Massive rally in the TRL and EM risk [I] From: Tazia Smith ‹ > Date: Wed, 29 Jan 2014 21:17:56 -0500 To: Paul Morris Classification: For internal use only Hi Paul - been one of those days (and still going), so apologies for my delayed update. Vanit/Nav and I spoke with JE this morning at 11am. Was a good call. We are coming back tomorrow with a senario analysis on the long dated yen call. He focused on it and got it this conversation. He understood the overlay to owning real assets in Japan too. JE re-stated for Vinite that all he wants is the trade (he did not sound annoyed) he just stated that he does not want market updates just the trade Vinit repeated, for the record!, "we will from here on forward assume that you already have the information." Aside: I've taken to updating Harry more, he likes the updates and I feel better knowing we have communicated that to the client! That's the update! Please call me tomorrow if you want to discuss further, we'll clearly cc you on the USDJPY option email. TDS (Embedded image moved to file: pic04535.gif) Tazia Smith Director I Key Client Partners - US Deutsche Bank Securities Inc Deutsche Asset & Wealth Management 345 Park Avenue, 26th Floor New York, NY 10154 Tel. Fax Mobile Email (Embedded image moved to file: pic15084.gif) EFTA01466890 Forwarded by Tazia Smith/db/dbcom on 01/29/2014 09:12 PM From: Jeffrey Epstein <[email protected]> To: vsahni <a, Tazia Smith/db/- Date: AM 01/29/2014 05:58 Subject: Re: Jeffrey - turkey. more than expected. Massive rally in the TRL and EM risk today or tomorow lets speak On Wed, Jan 29, 2014 at 4:19 AM, vsahni < > wrote: don't like the entry points here, looked at all my sharpe ratios not great. there is a china trade which I like, needs to be managed and u also need to know the market a bit, trying to fine tune for u. Focus on USD EM bonds, trying to see if any really stand out. Also looking at a couple of interesting fund trades for u (being long a long/short equity fund w/an embedded put option -> this year is a year of stock selection and portable alpha) On another note, we need to look at Japan closer. I like real assets there, as inflation is showing some signs of picking up and despite REITS rallying 6096+, physical real estate is cheap and easy to manage. I just bot an apartment in prime tokyo in December and net yields are very attractive. Asian investors are quite bullish and are looking to diversify away from expensive singapore and HK. Tokyo Olympics are 2020. When u have time lets discuss. Long real estate + a long USDJPY position (natural hedge). On Jan 28, 2014, at 11:59 PM, Jeffrey Epstein wrote: trade? EFTA01466891 On Tue, Jan 28, 2014 at 5:24 PM, Vinit Sahni < > wrote: TURKEY'S CENTRAL BANK RAISES OVERNIGHT LENDING RATE TO 12.00% - this is the key rate, and it was at 7.75% until now, so a 4.25% increase, far greater than the 2.50% expected. TURKEY'S CENTRAL BANK RAISES BENCHMARK REPO RATE TO 10.00% - from 4.50% TURKEY'S CENTRAL BANK RAISES OVERNIGHT BORROWING RATE TO 8.00% from 3.50% TURKEY CENTRAL BANK RAISES LATE LIQUIDITY WINDOW RATE TO 15% This e-mail may contain confidential and/or privileged information. If you are not the intended recipient (or have received this e-mail in error) please notify the sender immediately and delete this e-mail. Any unauthorized copying, disclosure or distribution of the material in this e-mail is strictly forbidden. Please refer tohttp://www.db.com/en/content/eu_disclosures.htm for additional EU corporate and regulatory disclosures. Vinit *********************************************************** The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved #********************************************************** The information contained in this communication is EFTA01466892 confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA01466893