Melua,I don't want to return the schadenfreude that satellite...

Melua,

I don't want to return the schadenfreude that satellite investors were expressing on news of BNB's misfortunes. However, I do need to get the bottom of the management contract point. It has been formally expressed that BBI asset managers were seconded from BNB - this is the executive management of BBI - not the low level administrators ...

The Alinta documentation makes reference to the nature of the management contract between BNB and BBI (page 158):

9.1 a) Summary of relationship between B&B and the B&B Funds
... each b&b Fund’s executive management team is employed by b&b and seconded to the relevant manager to provide the services under the management Agreements.

9.1 b) One of the key strengths of the business model is each of the b&b Funds’ strategic relationship with b&b, which provides:
- breadth of access to more than 390 dedicated infrastructure professionals in 2 offices worldwide