Epstein File EFTA01451543: Offshore (DS10)

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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01451543: Offshore (DS10)

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This document discusses potential conflicts of interest between Deutsche Bank and investment managers regarding the Onshore Feeder Fund and Offshore Feeder Fund structures. The document notes that Deutsche Bank and its affiliates may take positions and actions potentially adverse to the interests of both feeder funds and are not obligated to account for the interests of either the Onshore or Offshore Feeder Fund.

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offshore Deutsche Bank

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Excerpt 1

Conflicts of interest may also arise between Deutsche Bank and the Investment Manager, on the one hand, and the Onshore Feeder Fund or the **Offshore** Feeder

Excerpt 2

Feeder Fund and may take positions and actions that are potentially contrary or adverse to the interests of the Onshore Feeder Fund and or the **Offshore**

Excerpt 3

In doing so, Deutsche Bank and its affiliates will not be obligated to take into account the interests of the Onshore Feeder Fund, the **Offshore** Feeder