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Transcript: Ted Seides

Barry Ritholtz

Was that the plan or was he just going to announce it? That was never part of the plan, didn’t happen. The challenge is unlike the S&P 500, hedge funds sit in a box that has underlying credit risk from prime brokers. So the credit markets froze. It’s part of their own tax planning.

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Transcript: Rick Rieder

Barry Ritholtz

Was that something you were planning on doing or — RIEDER: No. ADVERTISEMENT) RITHOLTZ: So you’ve been with BlackRock since the financial crisis. And how do you make the decision, I’m not comfortable with this credit risk relative to the return it’s going to throw off? I don’t think so.