From: Gianni Serazzi Sent: Monday, June 1, 2015 3:21 PM To: Jeffrey Epstein Subject: Spoke with a couple of friends In 2 HF where some friends work and that I spoke to this w=ekend, the main expectation is for a significant correction in the next we=ks. Both have approved a reduction in long positions for the month. I am i=plementing a very defensive portfolio Ciao G </=iv> 1 EFTA_R1_01367119 EFTA02368232