<table><tr><th>From:</th><th>Barrett, Paul S</th></tr><tr><td>Sent:</td><td>Friday, May 10, 2013 8:42 PM</td></tr><tr><td>To:</td><td>Epstein, Jeffrey (eevacation@gmail.com)</td></tr><tr><td>Cc:</td><td>Barrett Pod; Nelson, Justin D</td></tr><tr><td>Subject:</td><td>Spectrum of different funds on the platform</td></tr></table>

=OD =td nowrap="" valign="bottom" style="padding:0in 5.4pt Oin 5.4pt=eight:14.6pt"> </=d> Expected Returns of Selected Yield Strategie=

0-5%<=pan style="font-size:10.0pt;font-family:"Arial","sans-s=ri"">

5-1=%

10-=5%

=PM High Yield Fund

6% from carry

=OA ICE Global Credit Fund

10-13%, 6% vol<=o:p>

Bl=eMountain L/S=/p> 6=8%

<=d style="border:none;border-left:solid #C00000 1.0pt;background:#FDE9D=;padding:0in 5.4pt 0in 5.4pt;height:29.2pt">

Highbridge Lev Loan

10-12%

B=ackstone GS0<=p>
JPM Floating Rate Income

Mariner Partners

10%+

Traditional PE Funds<=b>

<=tr>
=/o:p>

JPM Leveraged Loan<=span>

6-8%

</=d> =

<=span>

=span style="font-size:10.0pt;font-family:"Arial","sans-=erif";color:black">Highbridge Credit Opps

9-10%

=0A

<=pan style="font-size:10.0pt;font-family:"Arial","sans-s=rif";color:black">

=0A
=0D

=/span>

&n=sp;

=td nowrap="" valign="bottom" style="border-top:none;border-left:none=border-bottom:solid #C00000 1.0pt;border-
right:solid #C00000 1.0pt;pad=ing:0in 5.4pt 0in 5.4pt;height:18.65pt">

=/span>

Paul Barrett | Managin= Director | Global Investment Opportunities Group | J.P. Morg=n Private Bank |

320 Park Avenue, 14th Floor, New York, NY 10022 | T: (21=) 622-2770 | F: (212) 310-0108 |
paul.s.barrett@jpmorgan.c=m <mailto:paul.s.barrett=jpmorgan.com> | NMLS ID# 853441

=0D This email is confidential and subject to important disclaimers and c=nditions including on offers for the purchase or
sale of securities, accur=cy and completeness of information, viruses, confidentiality, legal privil=ge, and legal entity
disclaimers, available at http://www.jpmorgan.com=pages/disclosures/email.