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sor" or manage hedge funds and private equity funds, such as the AlphaKeys Fund, only if certain conditions are satisfied. Among other things, these Volcker Rule conditions generally prohibit banking entities (including UBS and its affiliates) from engaging in "covered transactions" and certain other tr
de at this time, and upon a particular Member's individual circumstances. No advance rulings have been or will be sought by the AlphaKeys Fund from the Internal Revenue Service (the "IRS") regarding any matter discussed in this Memorandum. IN VIEW OF THE FOREGOING, EACH PROSPECTIVE INVESTOR SHOULD CONSULT ITS OWN TAX ADVI
e BHC Act and related regulations (known as the "Volcker Rule") restrict the ability of a banking entity,
uld result to Investors in the AlphaKeys Fund. The AlphaKeys Fund may, from time to time, report tax positions that may be subject to challenge by the Internal Revenue Service (the "IRS"). If the IRS challenges such a position and is successful, there may be substantial retroactive taxes, plus interest and possibly penalti
ank Act, Section 13 of the BHC Act (known as the "Volcker Rule") restricts the ability of banking entities
of the Administrator's affiliates or employees for tax advice in connection with its investment. To ensure compliance with requirements imposed by the Internal Revenue Service (the "IRS") in Circular 230, you are hereby informed that any tax advice contained in this Memorandum (i) is written in connection with the promoti
ank Act, Section 13 of the BHC Act (known as the "Volcker Rule") restricts the ability of banking entities
of the Administrator's affiliates or employees for tax advice in connection with its investment. To ensure compliance with requirements imposed by the Internal Revenue Service (the "IRS") in Circular 230, you are hereby informed that any tax advice contained in this Memorandum (i) is written in connection with the promoti
Entities connected to both Paul Volcker and the Internal Revenue Service

JPMorgan Chase
ORGANIZATION
Jeffrey Epstein
PERSON
Ghislaine Maxwell
PERSON
Paul Morris
PERSON
FDIC
ORGANIZATIONDarren Indyke
PERSON
Paul Barrett
PERSON
United States
LOCATION
Federal Reserve
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Financial Trust Company
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Prince Andrew
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Deutsche Bank
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Eric Holder
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George W. Bush
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Justin Trudeau
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U.S. Virgin Islands
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Alan Dershowitz
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Bank of America
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Bill Clinton
PERSONLeon Black
PERSON