To: Jeffrey Epstein[jeevacation@gmail.com] From: Bruce Jaeger Sent: Tue 4/14/2009 10:25:16 PM Subject: Monthly Update Letter, March 2009 Unnamed Monthly Update March 2009.pdf Title: Monthly Update Letter, March 2009 JeffreyI will contact you tomorrow as you suggested but in the meantime, I thought you would be interested in the first monthly correspondence to our managed account customer for the vol arb strategy. The investor is an asset manager that controls approximately $47B of institutional money and initially invested $5mm for one of their large Pension Fund clients. Hopefully, with strong performance, they will invest another $10-15mm shortly. I hope you are managing well and I look forward to sitting across from you soon and talking about shop and life. Best RegardsBruce W. Jaeger Managing Member Chatfield Capital Group, LLC 160 Central Park South Suite 1903 New York, N.Y. 10019 work cell EFTA_R1_01474534 EFTA02412788