First Reserve is not a hedge fund, but is an energy partnership. FR's partners have sat on TMGs board and still own a lot of shares. These partnerships have an ending date to them so more then likely they had to give the shares back to all of the partners of FR. Its probably a positive rather than a negative because they know that something is going to happen and would rather sell as individuals then as a group. The filings are very difficult I'm sure and this was the easy way to handle it.