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Epstein File EFTA01355090: Professional (DS10)

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This document contains a confidential investment communication marked 'STRICTLY CONFIDENTIAL FOR INVESTMENT PROFESSIONAL,' discussing portfolio risk management and investor losses. The excerpt references iCapital and discusses managers who took on excessive portfolio risk resulting in substantial investor losses.

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managers took on too much risk in their portfolio and lost a substantial amount of their investors' money. iCapital STRICTLY CONFIDENTIAL FOR INVESTMENT **PROFESSIONAL**

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