The Price Disparity Between Rates and Global Rates

There is no other exit with a closed-in fund. You're going to get paid out by the board or you're not getting out. So you've only got selling. And if the world is doesn't want to buy, that can create very big discounts. How much does that mean the price discrepancy between rates and global rates? The closed-in funds might be down 35-40%, 50% even. But how much of the rates down in comparison? It will absolutely vary.