EMAIL DETAILS

To the Staff:

Please see attached update letter regarding the ongoing orderly liquidation
of the Paradigm hedge funds.

Best regards,

Marc X. LoPresti, Esq.

Tagliaferro & LoPresti, LLP

New York Office:
45 Broadway, Suite 2200
New York, New York 10006
(212) 732-4029
(212) 232-2398 (fax)

Los Angeles Office:
12400 Wilshire Boulevard, Suite 820
Los Angeles, California 90025
(310) 312-1860
(310) 445-1866

CONFIDENTIALITY NOTICE:

The information contained in this electronic mail message is private and
confidential and may contain Attorney-Client privileged information. It is
intended only for the use of the individual or entity to whom it is
addressed. The information may be privileged, proprietary and exempt from
disclosure under applicable federal, state or other law. Any recipient of
this electronic mail message other than the intended recipient is hereby
notified not to disclose, distribute or copy this electronic mail message,
or take or refrain from taking any action in response to this message.