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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
affiliate may hold a nominal Interest in, and may be an investor of, the AlphaKeys Fund. The Administrator is a direct, wholly owned subsidiary of UBS Americas, Inc. ("UBS Americas") which, in turn, is a wholly owned subsidiary of UBS AG, a Swiss bank. The Placement Agent, a wholly owned subsidiary of UBS Americ
ank Act, Section 13 of the BHC Act (known as the "Volcker Rule") restricts the ability of banking entities
, the Underlying Fund Manager or any affiliate, officer, director, member or partner or other affiliate of any of them. None of the AlphaKeys Fund, UBS Americas, Inc. or any of its affiliates has the right to participate in the control, management or operations of the Underlying Fund, nor has any discretion over
ank Act, Section 13 of the BHC Act (known as the "Volcker Rule") restricts the ability of banking entities
, the Underlying Fund Manager or any affiliate, officer, director, member or partner or other affiliate of any of them. None of the AlphaKeys Fund, UBS Americas, Inc. or any of its affiliates has the right to participate in the control, management or operations of the Underlying Fund, nor has any discretion over
Entities connected to both Paul Volcker and UBS Americas, Inc.

United States
LOCATION
Ghislaine Maxwell
PERSON
U.S. Treasury
ORGANIZATION
Federal Reserve
ORGANIZATIONCayman
LOCATIONthe District of Columbia
LOCATIONKeogh
ORGANIZATION
New York
LOCATION
Cayman Islands
LOCATIONthe U.S. Investment Company Act
ORGANIZATION
Philadelphia
LOCATION
UBS AG
ORGANIZATIONNo Assurance of Investment Return
ORGANIZATIONBank Holding Company Act Considerations
ORGANIZATIONthe New York Stock Exchange
ORGANIZATIONthe Investor Application
ORGANIZATION
the Internal Revenue Service
ORGANIZATION
FDIC
ORGANIZATIONErnst & Young LLP
ORGANIZATIONClasses of Interests
ORGANIZATION