http://www.nakedcapitalism.com/2007/08/new-flavor-of-credit-market-fallout.html Sun, 22 Nov 2009 07:56:24 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://www.nakedcapitalism.com/2007/08/new-flavor-of-credit-market-fallout.html#comment-307 Anonymous Sat, 04 Aug 2007 05:26:00 +0000 http://www.nakedcapitalism.com/2007/08/new-flavor-of-credit-market-fallout/#comment-307 Most limited partnership offering documents that I've read allow the partnership to make "in-kind" payouts. Assuming that the margin debt has been paid off, the general partner can pay the withdrawing limited partners with their pro-rata percentages of investment positions. Of course, the GP would then lose the 2 of the 2 and 20. Most limited partnership offering documents that I’ve read allow the partnership to make “in-kind” payouts. Assuming that the margin debt has been paid off, the general partner can pay the withdrawing limited partners with their pro-rata percentages of investment positions. Of course, the GP would then lose the 2 of the 2 and 20.

]]> http://www.nakedcapitalism.com/2007/08/new-flavor-of-credit-market-fallout.html#comment-302 a Thu, 02 Aug 2007 16:01:00 +0000 http://www.nakedcapitalism.com/2007/08/new-flavor-of-credit-market-fallout/#comment-302 Here of course it's the lack of transparency of the hedge funds that will do them in. They want to keep their positions super-secret for proprietary reasons; but then investors can't know what's in the damn things, so (naturally in these times) they assume the worse. Here of course it’s the lack of transparency of the hedge funds that will do them in. They want to keep their positions super-secret for proprietary reasons; but then investors can’t know what’s in the damn things, so (naturally in these times) they assume the worse.

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