This document is a brokerage statement from J.P. Morgan for the period of May 1, 2013, to May 31, 2013. It provides information on the management of margin accounts, including the use of free credit balances and the holding of securities by JPMCC. The statement includes disclosures about alternative investments such as private equity, hedge funds, and real estate, highlighting their illiquid nature and the estimation of their values. It also discusses the calculation of Net Asset Value (NAV) for hedge funds and the process for subscriptions and redemptions. The document emphasizes the importance of consulting the General Partner or Manager for tax reporting and valuation methodologies.
documents/vol00010-efta01518552-pdf.pdf
{"document_date":"2013-05","document_type":"financial","document_subtype":"brokerage statement","key_organizations":["J.P. Morgan","JPMCC"],"reference_numbers":["JPM-SDNY-00045787","SDNY_GM_00314985","EFTA01518552"]}