<table><tr><th>From:</th><th>Jeevacation &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Tuesday, September 14, 2010 2:39 PM</td></tr><tr><td>To:</td><td>David Stern</td></tr><tr><td>Subject:</td><td>Re:</td></tr></table>

Yes

Sent from my iPhone

On Sep 14, 2010, at 10:20AM, David Stern wr=te:

> The head of Ernesto Bertarelli's family office has asked me for ideas on Fu=d of Hedge Funds managers to allocate

capital to managers operating in Chin=.

> They usually do quite big tickets.

> Not my area especially since those are usually based in Hong Kong or Sing=pore.

> Therefore, maybe we can ask JPM ?

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