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Deposition Transcripts · Segments · #10097
id
10097
deposition id
17
segment index
17
speaker
Page 18
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was a supporter of the transaction. And when the transaction was consummated, J.P. Morgan, we paid an advisory fee for the acquisition to Goldman Sachs, and Glenn paid an -- or Highbridge, I should say, not Glenn -- Highbridge paid an advisory fee to Jeffrey Epstein. Q And that -- A An important note, Highbridge was owned half by Glenn Dubin and half by a gentleman by the name of Henry Swieca. Again, who paid the fee to Jeffrey was Highbridge, neither Glenn nor Henry Swieca. Q Did this acquisition benefit your career? A Yes. Q How? A As I said, you had the traditional asset management industry, and you had the alternative asset management industry. And really up until the Highbridge acquisition by J.P. Morgan, the two industries had never really partnered or -- Q I'm sorry, do you understand my question? How did that benefit your career? A Because it was a very successful transaction for J.P. Morgan, it was very novel, and I was seen as the leader of that transaction inside of J.P. Morgan. Q So Mr. Epstein benefited from the transaction and you benefited from the transaction. What year did this transaction take place? A I believe it was closed in 2004. Q Okay. So by this point you've referenced a significant transaction between you and Mr. Epstein. We've covered years -- A Excuse me. Say that again? It was not a transaction between me and Jeffrey Epstein. Q Okay. So by this point in 2004 you've referenced a significant event. We've covered years of your relationship with Mr. Epstein. Did you develop a friendship over these years? A Again, it was always a business relationship, but he gave advice and had good insights