Re:

be done with KBL and rothschild

wondering with the eventual move to lux of banks,&nb=p; is there anything to

We could look at it as long as Rothschild is willing to meet our price=expectations.

I think JV will be difficult as we would rather not be in a non contro= situation and too many other complications to deal with.

ok. whatis your view of the markets here. = ? currency? realestate?

understood. or should we begin in some sort of=joint venture. ?

Didn't realize this got left in my inbox.

For whatever it is worth from 2 months ago;

• Currencies; would short Euro and Sterling against Dollar

• Commodities; bullish on oil. Should hit $ 60 by year end.

• Equities; generally very cautious except European Banks, US Banks =nd Selected Emerging Market names.

• Fixed Income; very cautious. Risk/reward trade off very skewed

• Real Estate; quite cautious unless meets our return hurdles which =s minimum 5%. More emphasis on mezz debt with conservative LTV ratios.&nbs=;

• Other; generally more focused on structured transactions offering =urrent cash pay with downside protection and some equity upside.

Current views not very different from above.