I am back. So is SGH, page-709

That research paper is a comparative study of the different types of institutions that are used as a vehicle to invest clients capital, it is claiming in simple terms that the higher regulated institutional investors, particularly through pension and mutual funds, deliver lower returns than the comparatively unregulated hedge funds.

This has absolutely zero bearing on existing SGH shareholders. Anchorage will singularly be looking to deliver returns on the capital it holds for its own clients, which was used to buy SGH debt for 20c in the dollar. To clarify, you are NOT a client of Anchorage, you are a shareholder of SGH, if you put your money into Anchorage and get them to invest it for you, then you will benefit from whatever meat-grinder they put SGH through to flush out a return.

So logically if you believe Anchorage can turn things around for SGH, then why are you holding SGH shares, I would be contacting http://anchoragecap.com/ and finding out how I can sign up. They are a distressed-focused hedge fund, that manages private investment funds in excess of $10 billion.