Epstein Secrets

lent Yield assuming federal tax rate of 35% The information contained herein is not intended as a solicitation for any product or service offered by J.P. lAorgan or any of its affiliates. Past performance Is no guarantee of future results and Investors may get back less than the amount Invested. J.P. Morgan

, tax and legal support, and fund administration 2011 Rank Largest Hedge Fund Firms2 Hedge Fund AUM (Sbn) 1 Bridgewater Associates 76.10 2 J.P. Morgan Asset Management3 53.60 3 Man Group° 36.50 4 Brevan Howard Asset Management 34.20 5 Winton Capital Management 29.96 6 Och Ziff Capital Managemen

ource: Institutional Investor magazine. May 2011. 3 Highbridge is 100% coned by J.P. Morgan Asset Management Hollings LLC.. which is a subsidiary of J.P. Morgan Chase & Co. and an aff &ate of J.P. Morgan Securities LLC Highbridge is also an affiliate of J.P. Morgan Chase & Co.: On Oaober27. 2010, Highbridge Capital Mana

n, ongoing due diligence and fund communication for private clients - continuous review and adjustment of hedge fund manager platform - leverages J.P. Morgan's footprint to access a wide manager universe acts as a client advocate throughout ongoing manager relationships • Tax and legal structuring capabili

he management and/or operation of any hedge fund. JPMorgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. Call JPMorgan Distribution Services at 1.800.480.4

s, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. Call JPMorgan Distribution Services at 1.800.480.4111 or visit www.jpmorganfunds.com for the prospectus. Investors should carefully consider the investment objectives, risks, charges

TOP OPPORTUNISTIC INVESTMENT THEMES FOR 1Q 2012 Global Investment Opportunities Group J.P. Morgan Private Bank w O LLz O a cr, This presentation is intended for your personal use only and should not be circulated to any other person without our permissi

e or sale of any financial instrument. The investment strategies and views expressed herein may differ from the opinions expressed by other areas of J.P. Morgan. including research. Past performance is not reliable indicator of future results. Please read the Important Information at the end of this document

is not intended or written to be used, and cannot be used. in connection with the promotion. marketing or recommendation by anyone unaffiliated with JPMorgan Chase & Co. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties. Each recipient of this presentation, and each age

s. Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. Call JPMorgan Distribution Services at or visit www.jpmorganfunds.com for the prospectus. Investors should carefully consider the investment objectives, risks, charges and expenses o

not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with JPMorgan Chase 41 Co. of any of the matte's addressed herein or for the purpose of avoiding U.S. tax-related penalties. Each recipient of this presentation, and each age

re willing to assume the risks associated with it. JPMorgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. Call JPMorgan Distribution Services at 1- 800.480.4

or all investors. The discussion of loans or other extensions of credit in this material is for illustrative purposes only. No commitment to lend by J.P. Morgan should be construed or implied. This material is distributed with the understanding that we are not rendering accounting, legal or tax advice. Estat

s, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. Call JPMorgan Distribution Services at 1- 800.480.4111 or visit www.jpmorganfunds.com for the prospectus. Investors should carefully consider the investment objectives, risks, charges

re willing to assume the risks associated with it. JPMorgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. Call JPMorgan Distribution Services at 1- 800.480.4

or all investors. The discussion of loans or other extensions of credit in this material is for illustrative purposes only. No commitment to lend by J.P. Morgan should be construed or implied. This material is distributed with the understanding that we are not rendering accounting, legal or tax advice. Estat

s, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. Call JPMorgan Distribution Services at 1- 800.480.4111 or visit www.jpmorganfunds.com for the prospectus. Investors should carefully consider the investment objectives, risks, charges

re willing to assume the risks associated with it. JPMorgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. Call JPMorgan Distribution Services at 1- 800.480.4

or all investors. The discussion of loans or other extensions of credit in this material is for illustrative purposes only. No commitment to lend by J.P. Morgan should be construed or implied. This material is distributed with the understanding that we are not rendering accounting, legal or tax advice. Estat

s, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. Call JPMorgan Distribution Services at 1- 800.480.4111 or visit www.jpmorganfunds.com for the prospectus. Investors should carefully consider the investment objectives, risks, charges