EBI everest babcock & brown alternative inv trust

Ann: Settlement of Proceedings , page-7

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  1. 1,548 Posts.
    "But Everest Management can hardly be expected to provide details on wind-up cost, since they will not be responsible for winding up any vehicle."

    They will need to provide more detail than previously eg cash can be obtained from some hedge funds, but will incur break-fees or redemption penalties, whilst others wont. Whilst they are RE, they must act in the interest of all unitholders and thus provide necessary information to facilitate a decision.

    "Maybe, but these investors will not impact the price, since they hold so few of the shares by number."

    There were a lot of share bought this way...at a guess a couple of million...which is a lot in a thinly traded stock.

 
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