Parsad Posted January 28, 2011 Share Posted January 28, 2011 Steak'n Shake continues to do well. Investment gains and incentive fees boosted earnings for the quarter. Balance sheet remains solid. Cheers! http://www.sec.gov/Archives/edgar/data/93859/000092189511000161/form10q07428_12222010.htm Cheers! Link to comment Share on other sites More sharing options...
OracleofCarolina Posted January 28, 2011 Share Posted January 28, 2011 During the first quarter of fiscal year 2011, Mustang Capital Partners I, L.P. and Mustang Capital Partners II, L.P. were liquidated and the funds were distributed to the partners, which are now managed as separate accounts by Mustang Capital Advisors, L.P. The distribution of $15,660, including $1,421 of noncash distributions, is included in the Distributions to noncontrolling interests line in the above reconciliation. Is Mustang Capital no longer part of BH? Link to comment Share on other sites More sharing options...
Parsad Posted January 29, 2011 Author Share Posted January 29, 2011 No, it just looks like they converted the partnerships to an advisory firm. Looks like it was to simplify the structure and have all of those partners operating solely under one firm with managed accounts, rather than Fund I, Fund II, etc. Cheers! Link to comment Share on other sites More sharing options...
shalab Posted January 29, 2011 Share Posted January 29, 2011 Looks like book value increased by 2.01% for the quarter, it will be interesting to see how this metric does now the compensation scheme is in place ;D Link to comment Share on other sites More sharing options...
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