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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (37881)	5/13/2010 12:45:57 PM
From: Madharry	Read Replies (1) \| Respond to of 78670

I listened to the conference call. they are integrating and building a business that is in transition. they eventually will increase their AUM as they focus on where the demand for specific types of hedge funds are. The guy who is running it is I believe an ex Lehman CEO. He says he is excited about the company. thats good enough for me at this juncture. Rome was not built in a day. I suppose if in 12 months they dont show any more improvement I might get nervous, but when I buy into something like this at under book value im willing to give a year or two to see if things happen. I dont think this this CEO is doing this with the goal of managing assets sub $10 billion and he has a lot of skin invested. Perhaps you should listen to the conference call if you have any interest in the company.