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permitted to do so. II-12 CONFIDENTIAL UBSTERRAMAR00004015 EFTA00239347 FOR EXISTING INVESTOR USE ONLY Business Dependent on Key Individuals; Reliance on Portfolio Managers The success of the Fund is significantly dependent upon the expertise of a number of individuals including certain of those i
by reducing the amount of short-term capital loss recognized during the tax year in which it receives its liquidating distribution upon withdrawal. Distributions of Property. A partner's receipt of a distribution of property from a partnership is generally not taxable. However, under Section 731 of the Code, a distribut
s from the other Feeder Funds' investors, which could adversely affect the value of an investor's interests. Business Dependent on Key Individuals; Reliance on Portfolio Managers The success of the Fund is significantly dependent upon the expertise of a number of individuals, including, Israel A. Englan
by reducing the amount of short-term capital loss recognized during the tax year in which it receives its liquidating distribution upon withdrawal. Distributions of Property. A partner's receipt of a distribution of property from a partnership is generally not taxable. However, under Section 731 of the Code, a distributi
s from the other Feeder Funds' investors, which could adversely affect the value of an investor's interests. Business Dependent on Key Individuals; Reliance on Portfolio Managers The success of the Fund is significantly dependent upon the expertise of a number of individuals, including, Israel A. Englan
by reducing the amount of short-term capital loss recognized during the tax year in which it receives its liquidating distribution upon withdrawal. Distributions of Property. A partner's receipt of a distribution of property from a partnership is generally not taxable. However, under Section 731 of the Code, a distributi
Entities connected to both Reliance and Distributions of Property

United Kingdom
LOCATION
United States
LOCATION
New York
LOCATION
the Cayman Islands
LOCATIONthe U.S. Investment Company Act
ORGANIZATION
New York State
LOCATIONSpecial Limited
ORGANIZATIONCayman
LOCATIONAccounting Period
ORGANIZATIONAllocation of Profits and Losses
ORGANIZATIONthe Cayman Islands Monetary Authority
ORGANIZATION
George W. Bush
PERSONthe U.S. Investment Advisers Act
ORGANIZATIONthe Offered Interests
ORGANIZATION
U.S. Treasury
ORGANIZATIONthe State of New York
LOCATION
Occidental College
ORGANIZATION
Luxembourg
LOCATION
Ghislaine Maxwell
PERSON
JPMorgan Chase
ORGANIZATION