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  • DONEDEALER DONEDEALER Feb 8, 2008 10:26 AM Flag

    Questions for jan814_199

    Thank you for internet address.

    Further, comment on BDC attributes. Note that ACAS is aggressively expanding advisory service for investments not on its balance sheet. It appears that externally managed BDCs have less incentive to do this. They want assets on their balance sheet in order to increase their fees.

    ACAS appears to be more internationally oriented than the other BDCs, which are heavily concentrated in U.S. investments.

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    • "ACAS appears to be more internationally oriented than the other BDCs, which are heavily concentrated in U.S. investments."

      Yes. On the other hand the motivating factor behind the laws which permitted BDCs was that they would invest in middle-sized US firms. They have to stay close to that objective, or lose their BDC designation/privileges...

      ACAS split off ECAS as an independent entity - and is (potentially) experiencing a decline in NAV, (or in credibility with analysts because they "marked up" their investment in ECAS because of the "Control Prerogative")...

      BTW we could continue this discussion off-line, if you send me a "Private Message" on the InvestorVillage board. I post on the IV ACAS board and have the same ID..."andydee"...

 
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