dge to the attention of Jes Staley, then the CEO of J.P. Morgan Asset Management, and helped 6 EFTA00613913 facilitate J.P. Morgan's purchase of Highbridge. The deal made Mr. Dubin a billionaire. Mr. Dubin paid Mr. Epstein a $20 million finder's fee for facilitating the transaction. D. FTC's Investmen

r. Dubin's wife, and the godfather to their children. He speaks to them and sees them regularly. Mr. Epstein invested approximately $300 million in Highbridge and made other investments based on Mr. Dubin's recommendations. In 2004, Mr. Epstein brought Highbridge to the attention of Jes Staley, then the C

tart and serve as the portfolio manager of its Special Opportunities Group. In 2001, Glenn Dubin, the co-founder of Highbridge Capital Management ("Highbridge"), recruited Mr. Zwim to serve as a managing director and the senior portfolio manager of the Special Opportunities Group at Highbridge. B. DBZ B

Eva Andersson, before she married Mr. Dubin. A few years later, in 2004, Mr. Staley orchestrated a deal in which JPMorgan bought a majority stake in Highbridge. Mr. Dubin, and the Highbridge co-founder Henry Swieca, became JPMorgan employees. It is not clear whether or how Mr. Epstein was compensated for h

dge of the relationship. One introduction proved especially valuable: Mr. Epstein connected Mr. Staley with Mr. Dubin, who at the time was running Highbridge, one of the country's largest hedge funds, according to people familiar with the relationship. Mr. Epstein knew Mr. Dubin because he had once dated

e fund Highbridge Capital Management. has described Mr. Eµstein as a friend and has provided him with financial advice. Michael Atle/Bloomberg The Highbridge deal helped elevate JPMorgan's asset-management division — which at the time was under Mr. Staley's leadership — into a major player in the fast-gro

dents, their agents, and attorneys notify Highbridge of the production of any such documents immediately upon discovery of such documents so that Highbridge may demand the return and/or destruction of such documents. 5 Highbridge objects to the Subpoena to the extent that it seeks information or the pr

secret or proprietary information, the disclosure of which would or could adversely affect 3 EFTA01592054 Highbridge or customers or clients of Highbridge or its legal or financial advisers, or containing information subject to the privacy rights of employees or other persons. Highbridge objects to

OF NON-PARTY HIGHBRIDGE CAPITAL MANAGEMENT, LLC TO THE SUBPOENA DUCES TECUM DATED NOVEMBER 9, 2010 Non-party Highbridge Capital Management, LLC ("Highbridge") hereby objects and responds as follows to Third-Party Respondents' subpoena dated November 9,2010 (the "Subpoena"). Highbridge makes this respon

investment in the D.B. Zwirn Special Opportunities Fund, L.P. ("Fund"), when the Fund was under Highbridge's management and Zwim was an employee of Highbridge. 5. During the Fall of 2006, I learned that certain accounting irregularities were uncovered at D.B. Zwim & Co. The irregularities impacted both t

Each of the facts and statements is true and correct. 2. In May 2005, I became the Chief Operating Officer of Highbridge Capital Management, LLC ("Highbridge"). I reported to Glenn Dubin ("Dubin"), the Chief Executive Officer of Highbridge. 3. Highbridge had a significant amount of money that was manage

e Chief Operating Officer of Highbridge Capital Management, LLC ("Highbridge"). I reported to Glenn Dubin ("Dubin"), the Chief Executive Officer of Highbridge. 3. Highbridge had a significant amount of money that was managed by Daniel B. Zwim ("Zwim") and his investment management company, D.B. Zwirn & C

. Zwirn probably is one of three or four 5 different pockets. 11:06:13 6 Q. When you say "allocate," were you 7 allocating to pockets of the Highbridge funds? 8 A. As well as other hedge funds. 9 Q. And you were asking his general advice 10 on what he thought might be a good place to put 11:

under 9 management. 10 So one of the great -- the biggest 11:13:30 11 pieces was the fact that it already had 500 or so 12 or 600 million of Highbridge's money being managed 13 by Dan. 14 Q. Let me be clear about what I'm asking. 15 I'm -- 11:13:42 16 A. You're asking about investment 17

fused to share the vast majority of documents that Kirkland asked for, and that Mike has put forth, to the best of his ability, an argument for why Highbridge was not responsible for the return of my investment. I understand that Mike stated several times his position that neither Highbridge nor you nor H

ocated or transferred investments among the Funds and its managed accounts or how such investments were liquidated or transferred in order to cover Highbridge's redemptions. I EFTA00729347 understood from our last conversation that Zwirn had previously refused to give you an accounting even though you a

ondents, their agents, and attorneys notify Highbridge of the production of any such documents immediately upon discovery of such documents so that Highbridge may demand the return and/or destruction of such documents. 5. Highbridge objects to the Subpoena to the extent that it seeks information or the p

2. Highbridge objects to the Subpoena to the extent that it calls for the production of information that is not "material" within the scope of 9 U.S.C. § 7, rele

tive assets under management' • Extensive global network from which to source new managers early and exclusively • Valuable industry insight from Highbridge multi-strategy hedge fund platform3 • Dedicated team of over 100 professionals based in New York, Hong Kong, London and Geneva focused on manager

. real estate and private equity. Based upon assets under management (AUM) as of January 2012. Source: 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 Securiti

ement to buy out for $30 Million Mr. interest (i.e., the interest of Dubin & Swieca Asset Management) in Mr. Zwirn's company that was managing the Highbridge managed account and used management and incentive fees paid by Highbridge in respect of its managed account to pay for a the initial portion ( 12.

1. Jeffrey Epstein and Financial Trust Company, Inc. invested hundreds of millions of dollars with Highbridge as an investment manager with its many sub-advisors from 2001 to the present. 2. Daniel B. Zwim had been one of those sub-advisors beginning in 20

red Mr. Dubin's fund to manage assets tied to offshore reinsurance products that helped private-banking clients minimize taxes, said people close to Highbridge. Mr. Staley was impressed with the performance and started funneling private-banking clients' money directly into Highbridge's growing hedge fund.

ce and started funneling private-banking clients' money directly into Highbridge's growing hedge fund. A $10 million investment Mr. Epstein made in Highbridge in 1999 turned into roughly $29 million, the people said. He also pitched tax strategies to managers of the firm, said someone familiar with those

agents, parents, subsidiaries, predecessors, affiliates, divisions, and anyone else acting on behalf of the forgoing entities. EFTA00791900 7. "Highbridge Managed Account" means the account owned by HCM/Z Special Opportunities LLC that was managed by D.B. Zwim & Co., L.P. 8. "Highbridge" means Highbr

. 16. All document concerning the events described the Epstein's Claim. 17. All documents concerning the acquisition of any ownership interest in Highbridge by You. 18. All documents concerning payments made by You to EFTA00791904

Page 76 1 Epstein 2 Zwirn; he's been managing the money since 2002. I 3 said I have no interest in meeting Dan Zwirn; he's 4 an employee of Highbridge. Dubin asked me to meet 5 Dan Zwirn. I said fine. 10:36:28 6 Q. And where did you meet him? 7 A. He came to my office. 8 Q. With anybody

rn. 8 Q. It's the Highbridge/Zwirn? 9 A. Would you repeat your question? 10 Q. What did you understand lockup to be? 09:11:13 11 A. With Highbridge I? 12 Q. Yes. 13 A. My understanding was a two-year lockup. 14 Q. From when to when? 15 A. From 2002 until 2004. 09:11:31 16 Q. And w

ares of the firm -- a transaction that remains at the vanguard of the institutionalization of the hedge fund industry. Following the success of the Highbridge / Morgan strategic partnership, Highbridge announced in October 2010 the purchase of a majority interest in Gavea Investimentos, one of Brazil's le

e ideal. Can we base this model on JPM / Highbridge strategic partnership ? In late 2004, Morgan Asset Management purchased a majority interest in Highbridge, creating one of the first and most significant strategic alliances in the hedge fund industry to-date. In July 2009, J. P. Morgan Asset Management

Highbridge or customers or clients of Highbridge or its legal or financial advisers, or containing information subject to the privacy rights of employees or ot

Highbridge or customers or clients of Highbridge or its legal or financial advisers, or containing information subject to the privacy rights of employees or other persons. Highbridge objects to th

, 2003 Agreement - relating to Zwirn's transition out of direct employment by Highbridge to serving as investment advisor of all of the Funds and a Highbridge managed account. See Harry Susman's brief Memo regarding this agreement which is attached. • As of January 1, 2004 Advisory Agreement, effectuatin

ii) retain brokers and borrow money on behalf of the Fund. • August 1, 2003 Agreement - relating to Zwirn's transition out of direct employment by Highbridge to serving as investment advisor of all of the Funds and a Highbridge managed account. See Harry Susman's brief Memo regarding this agreement which

m. Epstein had a long-standing relationship with Dubin and Higbridge, who provided investment advisory services to Epstein. 24. After working for Highbridge, in 2002, Zwim started a hedge fund with Highbridge's sponsorship and assistance. Initially, the Fund was called the Highbridge/Zwim Special Opport

HPS has assembled an experienced credit team of 17 professionals, led by Scott Kapnick and Scot French. Fund II is expected to be a continuation of Highbridge's successful strategy in Highbridge Mezzanine Fund I, which has invested in 24 portfolio companies since 2008. Fund II will seek to lend approximate

and Glenn. Glenn was unequivocal., adamant ,and loud in front of them both - that had he known about ziwm taking money for the airplane ( form the Highbridge acct no less , in dec of 04 ).. he would have immediatley told me to take all my money out . He said he would have taken all his money out .. We onl

ortunities Fund II( ASSIGNED FROM FTC) 2. DB Zwim Special Opportunities Funds Investor Communication 3. Bear Steams Bank Account EFTA00300521 4. Highbridge DB Zwim Miscellaneous a. DRAFT of Settlement Agreement b. Fund Organization 2002 and 2005 c. Zwim Article November 2008 Zwirn Miscellaneous -Hig

0218:00:32 PM Attachments: 1MG 2690 MOM One of my favorites!!!..,After all my research, conspiracy theories... remember what got my attention was Highbridge name because it reminded me of my neighborhood Highbridge Pool in Washington Heights ... which after JE came the "Joe Podesta's pool art" then of co