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e BHC Act and related regulations (known as the "Volcker Rule") restrict the ability of a banking entity,
is urged to consult with its own tax advisor regarding the U.S. and non-U.S. tax treatment of an investment in the AlphaKeys Fund. Implications of Non-U.S. Investments Certain non-U.S. investments of the Underlying Fund and the Underlying Master Fund, including investments in "controlled foreign corporations" and
ank Act, Section 13 of the BHC Act (known as the "Volcker Rule") restricts the ability of banking entities
is urged to consult with its own tax advisor regarding the U.S. and non-U.S. tax treatment of an investment in the AlphaKeys Fund. Implications of Non-U.S. Investments Certain non-U.S. investments of the Underlying Fund and the Underlying Master Fund, including investments in "controlled foreign corporations" and
ank Act, Section 13 of the BHC Act (known as the "Volcker Rule") restricts the ability of banking entities
is urged to consult with its own tax advisor regarding the U.S. and non-U.S. tax treatment of an investment in the AlphaKeys Fund. Implications of Non-U.S. Investments Certain non-U.S. investments of the Underlying Fund and the Underlying Master Fund, including investments in "controlled foreign corporations" and
Entities connected to both Paul Volcker and Non-U.S. Investments

United States
LOCATION
Ghislaine Maxwell
PERSON
U.S. Treasury
ORGANIZATIONCayman
LOCATIONthe District of Columbia
LOCATION
Federal Reserve
ORGANIZATION
New York
LOCATION
Cayman Islands
LOCATIONthe U.S. Investment Company Act
ORGANIZATIONKeogh
ORGANIZATION
Philadelphia
LOCATION
UBS AG
ORGANIZATION
the Internal Revenue Service
ORGANIZATIONNo Assurance of Investment Return
ORGANIZATIONSchulte Roth & Zabel LLP
ORGANIZATIONErnst & Young LLP
ORGANIZATIONthe Underlying Fund Management Fee
ORGANIZATIONBank Holding Company Act Considerations
ORGANIZATIONthe Investor Application
ORGANIZATIONClasses of Interests
ORGANIZATION