EBI everest babcock & brown alternative inv trust

concern over laxey option, page-2

  1. 1,561 Posts.
    lightbulb Created with Sketch. 2
    I think Everest (the manager) indicated that they would stay on and wind up even if Laxey & Permanent were not appointed, but will have to have another look at the fine print. Also, redemptions of US$400m have been requested from underlying funds to pay off debt, but company could not indicate how long that would take. BTW, don't see it ending up as a cash box, hedge funds globally are suffering redemptions and also deleveraging, thus expect they need the cash like everyone else.

    However, I totally understand your sentiment.
 
watchlist Created with Sketch. Add EBI (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.