To: Jeffrey Epstein[[email protected]] From: Bruce Jaeger Sent: Tue 4/14/2009 10:25:16 PM Subject: Monthly Update Letter, March 2009 Unnamed Monthly Update March 2009.pdf Title: Monthly Update Letter, March 2009 Jeffrey- I will contact you tomorrow as you suggested but in the meantime, I thought you would be interested in the first monthly correspondence to our managed account customer for the vol arb strategy. The investor is an asset manager that controls approximately $47B of institutional money and initially invested $5mm for one of their large Pension Fund clients. Hopefully, with strong performance, they will invest another $10-15mm shortly. I hope you are managing well and I look forward to sitting across from you soon and talking about shop and life. Best Regards- Bruce W. Jaeger Managing Member Chatfield Capital Group, LLC 160 Central Park South Suite 1903 New York, N.Y. 10019 work cell EFTA_R1_01474534 EFTA02412788