EFTA00905603.pdf

From: "Dubin, Glenn" To: "'Jeffrey Epstein"' <jeevacation@gmail.com> Subject: FW: FYI Date: Fri, 25 Feb 2011 18:51:30 +0000 Inline-Images: image001.gif From: Venkataraman, Subu Sent: Friday, February 25, 2011 9:38 AM To: Dubin, Glenn Subject: FYI SEC exonerates hedge fund manager Daniel Zwirn after completing investigation of hedge fund Thursday, February 24, 2011 Share Print Email Track Keywords Opalesque Industry Update - According to documents obtained by Opalesque, the New York office of the Securities and Exchange Commission yesterday decided not to recommend any enforcement action against Daniel Zwirn (Dan Zwirn) after completing their investigation of D.B. Zwim & Co, L.P. According to an 2008 FT article (Source), the SEC started to investigate the valuation process of the hedge funds assets shortly after it informed investors that it would shut down in the face of massive redemptions. The issue was brought up by the firm itself, saying that a manager who had left in 2005 had failed to "follow a systematic pricing methodology" for a portfolio of hard-to-trade assets, which could have resulted in a marginal overvaluing. Besides, the SEC also examined internal fund transfers and billing of expenses to investors. This e-mail message is intended only for the named recipient(s) above. It may contain confidential information. If you are not the intended recipient you are hereby notified that any dissemination, distribution or copying of this e-mail and any attachment(s) is strictly prohibited. If you have received this e-mail in error, please immediately notify the sender by replying to this e-mail and delete the message and any attachment(s) from your system. Thank you. EFTA00905603