EFTA00375299.pdf

From: Jeffrey Epstein <jeevacation@gmail.com> To: Lesley Groff Subject: Fwd: Jeffrey - turkey. more than expected. Massive rally in the TRL and EM risk Date: Wed, 29 Jan 2014 11:41:32 +0000 Forwarde From: Vinit Sahni Date: Wed, Jan 29, 2014 at 5:59 AM Subject: Re: Jeffrey - turkey. more than expected. Massive rally in the TRL and EM risk To: Jeffrey Epstein <jeevacation@gmail.com> Cc: Tazia Smith Super will have Tazia hook us up. Vinit On 29 Jan 2014, at 10:58, Jeffrey Epstein <jeevacation@gmail.com> wrote: 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 60%+, 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? 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, andit was at 7.75% until now, so a 4.25% increase,far greater than the 2.50% EFTA00375299  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 jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 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 jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00375300 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 jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00375301