It is unclear how quickly the wind-up will occur. There is a suggestion the Swap Leverage Provider will somehow delay the wind-up - can't see why they would do that in this hugely capital constrained environment, when they are getting full repayment!
The management fees would be a lot lover under a wind-up.
Agree with your point though - long delays dimish somewhat the appeal of a wind-up.
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everest babcock & brown alternative inv trust
It is unclear how quickly the wind-up will occur. There is a...
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