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To: Giordano Bruno who wrote (345093)	10/6/2007 1:17:11 PM
From: Terry Maloney	Respond to of 436258

Boolish!

To: Giordano Bruno who wrote (345093)	10/6/2007 2:03:25 PM
From: stan_hughes	Read Replies (1) \| Respond to of 436258

Only a BS hedge fund manager could juxtapose these two statements -- "....redemptions and withdrawals in two of its funds would be suspended because of a sharp decline in the liquidity of certain mortgage- and asset-backed markets..... .....the redemption suspension was not a function of losses or investor withdrawals. The two funds, according to the letter, have a minimal amount of withdrawal requests and any that came in easily could have been handled out of available cash....." So if there isn't a problem, then why are you suspending withdrawals and redemptions, Einstein? Oh yeah, I'm sure they 'could have' handled any existing withdrawal requests before these losses materialized, but that isn't the point now, is it -- what matters now is that the losses HAVE ALREADY occurred (even though they don't want to mark to market), and massive redemption requests are therefore now to be expected in a run on the fund, so they've decided to cut everybody off at the pass before getting a chance to ask for what's left of their money back. But hey, it's not like there's anything wrong at the fund, everything is perfectly normal -- they're just passing the illiquidity on to the unitholders -- yeah, that's the ticket. The chutzpah of these fund manager people as a species continues to astound me