Brad Pacheco
Brad Pacheco
firm overhead pay placement tough
We are pretty tough on fees. We are not going to pay a firm more because they have some overhead with a placement agent.
attempt corporate disclosure failed lack oversight practice responsibility threat
We really feel there was a lack of oversight and failed responsibility for disclosure of compensation practices. There was an eleventh-hour attempt to come up with corporate practice guidelines, but, in our view, it shouldn't take a proxy threat to get action.
assets bonds buy run
Our assets are run to (match) the Lehman Bros. Long Liabilities Index. The new bonds will be part of the index. We will have to buy them at some point.