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March 24, 2010

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John Hempton

By that measure we are seriously not risky. Our clients could take a cash withdrawal of 50 percent of funds under management and still leave us with margin capacity.

John

Nick Gogerty

it is a truism of the b-model, that liquidity in hedge funds needs to be in place. Buffett has structured himself intelligently as a public vehicle with no redemption issues.

Thanks for the post.

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