EFTA Document EFTA01438047

Subject: RE: DB - Harvest Collateral Yield Enhancement Strategy From: Paul Barrett ‹ > Date: Mon, 16 Oct 2017 21:54:58 -0400 To: Andrew King < Cc: Stewart Oldfield Hi Andrew I reviewed the returns over the past 4 years and they are not that exciting. It has averaged around 70bps return over that time period. I like the concept but not sure the strategy generates enough returns. Happy to discuss more if you think I missed something. Paul Paul Barrett Alpha Group Capital LLC 142 W 57t