id	sid	tid	token	lemma	pos
cblr-2952	1	1	black	black	ADJ
cblr-2952	1	2	market	market	NOUN
cblr-2952	1	3	capital	capital	NOUN
cblr-2952	1	4	black	black	ADJ
cblr-2952	1	5	market	market	NOUN
cblr-2952	1	6	capital	capital	NOUN
cblr-2952	1	7	steven	steven	PROPN
cblr-2952	1	8	m.	m.	PROPN
cblr-2952	1	9	davidoff	davidoff	PROPN
cblr-2952	1	10	*	*	PROPN
cblr-2952	1	11	introduction	introduction	NOUN
cblr-2952	1	12	..........................................................................	..........................................................................	PUNCT
cblr-2952	1	13	175	175	NUM
cblr-2952	1	14	i.	i.	NOUN
cblr-2952	1	15	the	the	DET
cblr-2952	1	16	rise	rise	NOUN
cblr-2952	1	17	of	of	ADP
cblr-2952	1	18	private	private	ADJ
cblr-2952	1	19	equity	equity	NOUN
cblr-2952	1	20	and	and	CCONJ
cblr-2952	1	21	hedge	hedge	NOUN
cblr-2952	1	22	funds	fund	NOUN
cblr-2952	1	23	..........	..........	PUNCT
cblr-2952	2	1	183	183	NUM
cblr-2952	2	2	a	a	PRON
cblr-2952	2	3	.	.	PUNCT
cblr-2952	3	1	private	private	ADJ
cblr-2952	3	2	equity	equity	NOUN
cblr-2952	3	3	......................................................	......................................................	PUNCT
cblr-2952	4	1	183	183	NUM
cblr-2952	4	2	b	b	NOUN
cblr-2952	4	3	.	.	PUNCT
cblr-2952	5	1	h	h	PROPN
cblr-2952	5	2	edge	edge	NOUN
cblr-2952	5	3	funds	fund	NOUN
cblr-2952	5	4	........................................................	........................................................	PUNCT
cblr-2952	5	5	191	191	NUM
cblr-2952	5	6	ii	ii	NOUN
cblr-2952	5	7	.	.	PUNCT
cblr-2952	6	1	the	the	DET
cblr-2952	6	2	regulation	regulation	NOUN
cblr-2952	6	3	of	of	ADP
cblr-2952	6	4	private	private	ADJ
cblr-2952	6	5	equity	equity	NOUN
cblr-2952	6	6	and	and	CCONJ
cblr-2952	6	7	hedge	hedge	PROPN
cblr-2952	6	8	f	f	PROPN
cblr-2952	6	9	u	u	PROPN
cblr-2952	6	10	nd	nd	NOUN
cblr-2952	6	11	s	s	PART
cblr-2952	6	12	..........................................................................	..........................................................................	PUNCT
cblr-2952	6	13	20	20	NUM
cblr-2952	6	14	1	1	NUM
cblr-2952	6	15	a.	a.	NOUN
cblr-2952	6	16	the	the	DET
cblr-2952	6	17	investment	investment	NOUN
cblr-2952	6	18	company	company	NOUN
cblr-2952	6	19	act	act	VERB
cblr-2952	6	20	............................	............................	PUNCT
cblr-2952	6	21	201	201	NUM
cblr-2952	6	22	b.	b.	NOUN
cblr-2952	6	23	the	the	DET
cblr-2952	6	24	investment	investment	NOUN
cblr-2952	6	25	advisers	adviser	NOUN
cblr-2952	6	26	act	act	VERB
cblr-2952	6	27	..............................	..............................	PUNCT
cblr-2952	6	28	206	206	NUM
cblr-2952	6	29	iii	iii	NOUN
cblr-2952	6	30	.	.	PUNCT
cblr-2952	7	1	the	the	DET
cblr-2952	7	2	sec	sec	PROPN
cblr-2952	7	3	,	,	PUNCT
cblr-2952	7	4	private	private	ADJ
cblr-2952	7	5	equity	equity	NOUN
cblr-2952	7	6	,	,	PUNCT
cblr-2952	7	7	and	and	CCONJ
cblr-2952	7	8	hedge	hedge	NOUN
cblr-2952	7	9	funds	fund	NOUN
cblr-2952	7	10	............	............	PUNCT
cblr-2952	7	11	211	211	NUM
cblr-2952	7	12	a.	a.	NOUN
cblr-2952	7	13	sec	sec	PROPN
cblr-2952	7	14	regulation	regulation	NOUN
cblr-2952	7	15	of	of	ADP
cblr-2952	7	16	hedge	hedge	NOUN
cblr-2952	7	17	funds	fund	NOUN
cblr-2952	7	18	........................	........................	PUNCT
cblr-2952	7	19	211	211	NUM
cblr-2952	7	20	b.	b.	PROPN
cblr-2952	7	21	sec	sec	PROPN
cblr-2952	7	22	regulation	regulation	NOUN
cblr-2952	7	23	of	of	ADP
cblr-2952	7	24	private	private	ADJ
cblr-2952	7	25	equity	equity	NOUN
cblr-2952	7	26	......................	......................	PUNCT
cblr-2952	7	27	216	216	NUM
cblr-2952	7	28	iv	iv	NOUN
cblr-2952	7	29	.	.	PUNCT
cblr-2952	8	1	on	on	ADP
cblr-2952	8	2	black	black	ADJ
cblr-2952	8	3	market	market	NOUN
cblr-2952	8	4	capital	capital	NOUN
cblr-2952	8	5	...........................................	...........................................	PUNCT
cblr-2952	8	6	217	217	NUM
cblr-2952	8	7	a.	a.	NOUN
cblr-2952	8	8	the	the	DET
cblr-2952	8	9	economics	economic	NOUN
cblr-2952	8	10	of	of	ADP
cblr-2952	8	11	black	black	ADJ
cblr-2952	8	12	market	market	NOUN
cblr-2952	8	13	capital	capital	NOUN
cblr-2952	8	14	............	............	PUNCT
cblr-2952	8	15	217	217	NUM
cblr-2952	8	16	b.	b.	PROPN
cblr-2952	8	17	a	a	DET
cblr-2952	8	18	black	black	ADJ
cblr-2952	8	19	market	market	NOUN
cblr-2952	8	20	for	for	ADP
cblr-2952	8	21	alternative	alternative	ADJ
cblr-2952	8	22	investments	investment	NOUN
cblr-2952	8	23	and	and	CCONJ
cblr-2952	8	24	m	m	NOUN
cblr-2952	8	25	arkets	arket	NOUN
cblr-2952	8	26	.........................................................	.........................................................	PUNCT
cblr-2952	9	1	219	219	NUM
cblr-2952	9	2	1	1	NUM
cblr-2952	9	3	.	.	PUNCT
cblr-2952	9	4	fund	fund	VERB
cblr-2952	9	5	a	a	DET
cblr-2952	9	6	dvisers	dviser	NOUN
cblr-2952	9	7	.................................................	.................................................	PUNCT
cblr-2952	10	1	219	219	NUM
cblr-2952	10	2	2	2	NUM
cblr-2952	10	3	.	.	PUNCT
cblr-2952	10	4	sp	sp	ADP
cblr-2952	10	5	a	a	DET
cblr-2952	10	6	c	c	NOUN
cblr-2952	10	7	s	s	NOUN
cblr-2952	10	8	.............................................................	.............................................................	PUNCT
cblr-2952	10	9	224	224	NUM
cblr-2952	10	10	3	3	NUM
cblr-2952	10	11	.	.	PUNCT
cblr-2952	10	12	alternative	alternative	ADJ
cblr-2952	10	13	markets	market	NOUN
cblr-2952	10	14	.......................................	.......................................	PUNCT
cblr-2952	11	1	228	228	NUM
cblr-2952	11	2	4	4	NUM
cblr-2952	11	3	.	.	PUNCT
cblr-2952	11	4	bdcs	bdcs	PROPN
cblr-2952	11	5	,	,	PUNCT
cblr-2952	11	6	stacs	stac	NOUN
cblr-2952	11	7	,	,	PUNCT
cblr-2952	11	8	etfs	etfs	NOUN
cblr-2952	11	9	and	and	CCONJ
cblr-2952	11	10	indexes	index	NOUN
cblr-2952	11	11	..................	..................	PUNCT
cblr-2952	12	1	231	231	NUM
cblr-2952	12	2	v.	v.	CCONJ
cblr-2952	12	3	on	on	ADP
cblr-2952	12	4	irrationality	irrationality	NOUN
cblr-2952	12	5	,	,	PUNCT
cblr-2952	12	6	distortion	distortion	NOUN
cblr-2952	12	7	,	,	PUNCT
cblr-2952	12	8	and	and	CCONJ
cblr-2952	12	9	anticom	anticom	PROPN
cblr-2952	12	10	petitiveness	petitiveness	PROPN
cblr-2952	12	11	.........................................................	.........................................................	PUNCT
cblr-2952	12	12	236	236	NUM
cblr-2952	12	13	a.	a.	NOUN
cblr-2952	12	14	black	black	ADJ
cblr-2952	12	15	market	market	NOUN
cblr-2952	12	16	capital	capital	NOUN
cblr-2952	12	17	's	's	PART
cblr-2952	12	18	irrational	irrational	ADJ
cblr-2952	12	19	and	and	CCONJ
cblr-2952	12	20	distortive	distortive	ADJ
cblr-2952	12	21	effects	effect	NOUN
cblr-2952	12	22	.................................................	.................................................	PUNCT
cblr-2952	12	23	236	236	NUM
cblr-2952	12	24	1	1	NUM
cblr-2952	12	25	.	.	PUNCT
cblr-2952	12	26	black	black	ADJ
cblr-2952	12	27	market	market	NOUN
cblr-2952	12	28	investments	investment	NOUN
cblr-2952	12	29	............................	............................	PUNCT
cblr-2952	12	30	236	236	NUM
cblr-2952	12	31	2	2	NUM
cblr-2952	12	32	.	.	PUNCT
cblr-2952	12	33	black	black	ADJ
cblr-2952	12	34	market	market	NOUN
cblr-2952	12	35	markets	market	NOUN
cblr-2952	12	36	...................................	...................................	PUNCT
cblr-2952	12	37	241	241	NUM
cblr-2952	12	38	3	3	X
cblr-2952	12	39	.	.	X
cblr-2952	12	40	black	black	ADJ
cblr-2952	12	41	market	market	NOUN
cblr-2952	12	42	capital	capital	NOUN
cblr-2952	12	43	's	's	PART
cblr-2952	12	44	competitive	competitive	ADJ
cblr-2952	12	45	harm	harm	NOUN
cblr-2952	12	46	..	..	PUNCT
cblr-2952	13	1	243	243	NUM
cblr-2952	13	2	*	*	PUNCT
cblr-2952	13	3	assistant	assistant	NOUN
cblr-2952	13	4	professor	professor	NOUN
cblr-2952	13	5	of	of	ADP
cblr-2952	13	6	law	law	PROPN
cblr-2952	13	7	,	,	PUNCT
cblr-2952	13	8	wayne	wayne	PROPN
cblr-2952	13	9	state	state	PROPN
cblr-2952	13	10	university	university	PROPN
cblr-2952	13	11	law	law	NOUN
cblr-2952	13	12	school	school	NOUN
cblr-2952	13	13	.	.	PUNCT
cblr-2952	14	1	b.a	b.a	PROPN
cblr-2952	14	2	.	.	PROPN
cblr-2952	14	3	,	,	PUNCT
cblr-2952	14	4	university	university	PROPN
cblr-2952	14	5	of	of	ADP
cblr-2952	14	6	pennsylvania	pennsylvania	PROPN
cblr-2952	14	7	;	;	PUNCT
cblr-2952	14	8	j.d	j.d	PROPN
cblr-2952	14	9	.	.	PROPN
cblr-2952	14	10	,	,	PUNCT
cblr-2952	14	11	columbia	columbia	PROPN
cblr-2952	14	12	university	university	PROPN
cblr-2952	14	13	school	school	NOUN
cblr-2952	14	14	of	of	ADP
cblr-2952	14	15	law	law	NOUN
cblr-2952	14	16	;	;	PUNCT
cblr-2952	14	17	m.s	m.s	PROPN
cblr-2952	14	18	.	.	PROPN
cblr-2952	14	19	,	,	PUNCT
cblr-2952	14	20	finance	finance	PROPN
cblr-2952	14	21	,	,	PUNCT
cblr-2952	14	22	london	london	PROPN
cblr-2952	14	23	business	business	NOUN
cblr-2952	14	24	school	school	NOUN
cblr-2952	14	25	.	.	PUNCT
cblr-2952	15	1	the	the	DET
cblr-2952	15	2	author	author	NOUN
cblr-2952	15	3	would	would	AUX
cblr-2952	15	4	like	like	VERB
cblr-2952	15	5	to	to	PART
cblr-2952	15	6	thank	thank	VERB
cblr-2952	15	7	erica	erica	PROPN
cblr-2952	15	8	beecher	beecher	PROPN
cblr-2952	15	9	-	-	PUNCT
cblr-2952	15	10	monas	mona	NOUN
cblr-2952	15	11	,	,	PUNCT
cblr-2952	15	12	peter	peter	PROPN
cblr-2952	15	13	henning	henning	PROPN
cblr-2952	15	14	,	,	PUNCT
cblr-2952	15	15	roberta	roberta	PROPN
cblr-2952	15	16	karmel	karmel	PROPN
cblr-2952	15	17	,	,	PUNCT
cblr-2952	15	18	troy	troy	PROPN
cblr-2952	15	19	paredes	paredes	PROPN
cblr-2952	15	20	,	,	PUNCT
cblr-2952	15	21	and	and	CCONJ
cblr-2952	15	22	houman	houman	NOUN
cblr-2952	15	23	shadab	shadab	ADV
cblr-2952	15	24	and	and	CCONJ
cblr-2952	15	25	the	the	DET
cblr-2952	15	26	faculty	faculty	NOUN
cblr-2952	15	27	work	work	NOUN
cblr-2952	15	28	-	-	PUNCT
cblr-2952	15	29	shop	shop	NOUN
cblr-2952	15	30	attendees	attendee	NOUN
cblr-2952	15	31	at	at	ADP
cblr-2952	15	32	brooklyn	brooklyn	PROPN
cblr-2952	15	33	law	law	PROPN
cblr-2952	15	34	school	school	NOUN
cblr-2952	15	35	for	for	ADP
cblr-2952	15	36	their	their	PRON
cblr-2952	15	37	helpful	helpful	ADJ
cblr-2952	15	38	comments	comment	NOUN
cblr-2952	15	39	and	and	CCONJ
cblr-2952	15	40	suggestions	suggestion	NOUN
cblr-2952	15	41	as	as	ADV
cblr-2952	15	42	well	well	ADV
cblr-2952	15	43	as	as	ADP
cblr-2952	15	44	laura	laura	PROPN
cblr-2952	15	45	berdish	berdish	PROPN
cblr-2952	15	46	at	at	ADP
cblr-2952	15	47	the	the	DET
cblr-2952	15	48	university	university	PROPN
cblr-2952	15	49	of	of	ADP
cblr-2952	15	50	michigan	michigan	PROPN
cblr-2952	15	51	business	business	PROPN
cblr-2952	15	52	school	school	NOUN
cblr-2952	15	53	library	library	NOUN
cblr-2952	15	54	and	and	CCONJ
cblr-2952	15	55	stefanie	stefanie	PROPN
cblr-2952	15	56	schiffer	schiffer	PROPN
cblr-2952	15	57	and	and	CCONJ
cblr-2952	15	58	neil	neil	PROPN
cblr-2952	15	59	williams	williams	PROPN
cblr-2952	15	60	for	for	ADP
cblr-2952	15	61	their	their	PRON
cblr-2952	15	62	invaluable	invaluable	ADJ
cblr-2952	15	63	research	research	NOUN
cblr-2952	15	64	assistance	assistance	NOUN
cblr-2952	15	65	.	.	PUNCT
cblr-2952	16	1	black	black	ADJ
cblr-2952	16	2	market	market	NOUN
cblr-2952	16	3	capital	capital	NOUN
cblr-2952	16	4	vi	vi	PROPN
cblr-2952	16	5	.	.	PROPN
cblr-2952	17	1	toward	toward	ADP
cblr-2952	17	2	retail	retail	ADJ
cblr-2952	17	3	capital	capital	NOUN
cblr-2952	17	4	................................................	................................................	PUNCT
cblr-2952	18	1	246	246	NUM
cblr-2952	18	2	a.	a.	NOUN
cblr-2952	18	3	the	the	DET
cblr-2952	18	4	open	open	ADJ
cblr-2952	18	5	market	market	NOUN
cblr-2952	18	6	solution	solution	NOUN
cblr-2952	18	7	's	's	PART
cblr-2952	18	8	benefits	benefit	NOUN
cblr-2952	18	9	.................	.................	PUNCT
cblr-2952	18	10	247	247	NUM
cblr-2952	18	11	b.	b.	NOUN
cblr-2952	18	12	the	the	DET
cblr-2952	18	13	open	open	ADJ
cblr-2952	18	14	market	market	NOUN
cblr-2952	18	15	solution	solution	NOUN
cblr-2952	18	16	's	's	PART
cblr-2952	18	17	costs	cost	NOUN
cblr-2952	18	18	.....................	.....................	PUNCT
cblr-2952	19	1	250	250	NUM
cblr-2952	19	2	c	c	NOUN
cblr-2952	19	3	.	.	PUNCT
cblr-2952	20	1	investor	investor	NOUN
cblr-2952	20	2	risk	risk	NOUN
cblr-2952	20	3	........................................................	........................................................	PUNCT
cblr-2952	21	1	250	250	NUM
cblr-2952	21	2	d	d	NOUN
cblr-2952	21	3	.	.	PUNCT
cblr-2952	22	1	system	system	NOUN
cblr-2952	22	2	ic	ic	PRON
cblr-2952	22	3	risk	risk	VERB
cblr-2952	22	4	.......................................................	.......................................................	PUNCT
cblr-2952	23	1	257	257	NUM
cblr-2952	23	2	e.	e.	PROPN
cblr-2952	23	3	cyclicality	cyclicality	PROPN
cblr-2952	23	4	and	and	CCONJ
cblr-2952	23	5	the	the	DET
cblr-2952	23	6	relevance	relevance	NOUN
cblr-2952	23	7	of	of	ADP
cblr-2952	23	8	investment	investment	NOUN
cblr-2952	23	9	perform	perform	VERB
cblr-2952	23	10	ance	ance	ADV
cblr-2952	23	11	.........................................................	.........................................................	PUNCT
cblr-2952	24	1	259	259	NUM
cblr-2952	24	2	f.	f.	PROPN
cblr-2952	24	3	sec	sec	PROPN
cblr-2952	24	4	imprimatur	imprimatur	NOUN
cblr-2952	24	5	and	and	CCONJ
cblr-2952	24	6	distraction	distraction	NOUN
cblr-2952	24	7	.......................	.......................	PUNCT
cblr-2952	24	8	260	260	NUM
cblr-2952	24	9	g.	g.	NOUN
cblr-2952	24	10	the	the	DET
cblr-2952	24	11	open	open	ADJ
cblr-2952	24	12	market	market	NOUN
cblr-2952	24	13	solution	solution	NOUN
cblr-2952	24	14	's	's	PART
cblr-2952	24	15	structure	structure	NOUN
cblr-2952	24	16	..............	..............	PUNCT
cblr-2952	24	17	261	261	NUM
cblr-2952	24	18	v	v	NUM
cblr-2952	24	19	ii	ii	NOUN
cblr-2952	24	20	.	.	PUNCT
cblr-2952	25	1	c	c	PROPN
cblr-2952	25	2	onclusion	onclusion	NOUN
cblr-2952	25	3	..................................................................	..................................................................	PUNCT
cblr-2952	25	4	265	265	NUM
cblr-2952	25	5	hedge	hedge	NOUN
cblr-2952	25	6	funds	fund	NOUN
cblr-2952	25	7	and	and	CCONJ
cblr-2952	25	8	private	private	ADJ
cblr-2952	25	9	equity	equity	NOUN
cblr-2952	25	10	offer	offer	VERB
cblr-2952	25	11	unique	unique	ADJ
cblr-2952	25	12	investing	investing	NOUN
cblr-2952	25	13	opportunities	opportunity	NOUN
cblr-2952	25	14	,	,	PUNCT
cblr-2952	25	15	including	include	VERB
cblr-2952	25	16	the	the	DET
cblr-2952	25	17	possibility	possibility	NOUN
cblr-2952	25	18	for	for	ADP
cblr-2952	25	19	diversified	diversified	ADJ
cblr-2952	25	20	and	and	CCONJ
cblr-2952	25	21	excess	excess	ADJ
cblr-2952	25	22	returns	return	NOUN
cblr-2952	25	23	.	.	PUNCT
cblr-2952	26	1	yet	yet	ADV
cblr-2952	26	2	,	,	PUNCT
cblr-2952	26	3	current	current	ADJ
cblr-2952	26	4	federal	federal	ADJ
cblr-2952	26	5	securities	security	NOUN
cblr-2952	26	6	regulation	regulation	NOUN
cblr-2952	26	7	effectively	effectively	ADV
cblr-2952	26	8	prohibits	prohibit	VERB
cblr-2952	26	9	the	the	DET
cblr-2952	26	10	public	public	ADJ
cblr-2952	26	11	offer	offer	NOUN
cblr-2952	26	12	and	and	CCONJ
cblr-2952	26	13	purchase	purchase	NOUN
cblr-2952	26	14	in	in	ADP
cblr-2952	26	15	the	the	DET
cblr-2952	26	16	united	united	PROPN
cblr-2952	26	17	states	states	PROPN
cblr-2952	26	18	of	of	ADP
cblr-2952	26	19	these	these	DET
cblr-2952	26	20	hedge	hedge	NOUN
cblr-2952	26	21	fund	fund	NOUN
cblr-2952	26	22	and	and	CCONJ
cblr-2952	26	23	private	private	ADJ
cblr-2952	26	24	equity	equity	NOUN
cblr-2952	26	25	investments	investment	NOUN
cblr-2952	26	26	.	.	PUNCT
cblr-2952	27	1	public	public	ADJ
cblr-2952	27	2	investors	investor	NOUN
cblr-2952	27	3	,	,	PUNCT
cblr-2952	27	4	foreclosed	foreclose	VERB
cblr-2952	27	5	from	from	ADP
cblr-2952	27	6	purchasing	purchase	VERB
cblr-2952	27	7	hedge	hedge	NOUN
cblr-2952	27	8	funds	fund	NOUN
cblr-2952	27	9	and	and	CCONJ
cblr-2952	27	10	private	private	ADJ
cblr-2952	27	11	equity	equity	NOUN
cblr-2952	27	12	,	,	PUNCT
cblr-2952	27	13	instead	instead	ADV
cblr-2952	27	14	seek	seek	VERB
cblr-2952	27	15	to	to	PART
cblr-2952	27	16	replicate	replicate	VERB
cblr-2952	27	17	their	their	PRON
cblr-2952	27	18	benefits	benefit	NOUN
cblr-2952	27	19	.	.	PUNCT
cblr-2952	28	1	this	this	DET
cblr-2952	28	2	demand	demand	NOUN
cblr-2952	28	3	drives	drive	VERB
cblr-2952	28	4	public	public	ADJ
cblr-2952	28	5	investors	investor	NOUN
cblr-2952	28	6	to	to	PART
cblr-2952	28	7	substitute	substitute	VERB
cblr-2952	28	8	less	less	ADV
cblr-2952	28	9	-	-	PUNCT
cblr-2952	28	10	suitable	suitable	ADJ
cblr-2952	28	11	,	,	PUNCT
cblr-2952	28	12	publicly	publicly	ADV
cblr-2952	28	13	available	available	ADJ
cblr-2952	28	14	investments	investment	NOUN
cblr-2952	28	15	which	which	PRON
cblr-2952	28	16	attempt	attempt	VERB
cblr-2952	28	17	to	to	PART
cblr-2952	28	18	mimic	mimic	VERB
cblr-2952	28	19	the	the	DET
cblr-2952	28	20	characteristics	characteristic	NOUN
cblr-2952	28	21	of	of	ADP
cblr-2952	28	22	hedge	hedge	NOUN
cblr-2952	28	23	funds	fund	NOUN
cblr-2952	28	24	or	or	CCONJ
cblr-2952	28	25	private	private	ADJ
cblr-2952	28	26	equity	equity	NOUN
cblr-2952	28	27	.	.	PUNCT
cblr-2952	29	1	this	this	DET
cblr-2952	29	2	effect	effect	NOUN
cblr-2952	29	3	,	,	PUNCT
cblr-2952	29	4	which	which	PRON
cblr-2952	29	5	this	this	DET
cblr-2952	29	6	article	article	NOUN
cblr-2952	29	7	terms	term	VERB
cblr-2952	29	8	black	black	ADJ
cblr-2952	29	9	market	market	NOUN
cblr-2952	29	10	capital	capital	NOUN
cblr-2952	29	11	,	,	PUNCT
cblr-2952	29	12	is	be	AUX
cblr-2952	29	13	an	an	DET
cblr-2952	29	14	economic	economic	ADJ
cblr-2952	29	15	spur	spur	NOUN
cblr-2952	29	16	for	for	ADP
cblr-2952	29	17	a	a	DET
cblr-2952	29	18	number	number	NOUN
cblr-2952	29	19	of	of	ADP
cblr-2952	29	20	recent	recent	ADJ
cblr-2952	29	21	capital	capital	NOUN
cblr-2952	29	22	markets	market	NOUN
cblr-2952	29	23	phenomena	phenomenon	NOUN
cblr-2952	29	24	,	,	PUNCT
cblr-2952	29	25	including	include	VERB
cblr-2952	29	26	fund	fund	NOUN
cblr-2952	29	27	adviser	adviser	NOUN
cblr-2952	29	28	ipos	ipos	NOUN
cblr-2952	29	29	,	,	PUNCT
cblr-2952	29	30	special	special	ADJ
cblr-2952	29	31	purpose	purpose	NOUN
cblr-2952	29	32	acquisition	acquisition	NOUN
cblr-2952	29	33	companies	company	NOUN
cblr-2952	29	34	,	,	PUNCT
cblr-2952	29	35	hedged	hedge	VERB
cblr-2952	29	36	mutual	mutual	ADJ
cblr-2952	29	37	funds	fund	NOUN
cblr-2952	29	38	and	and	CCONJ
cblr-2952	29	39	specialized	specialized	ADJ
cblr-2952	29	40	exchange	exchange	NOUN
cblr-2952	29	41	traded	trade	VERB
cblr-2952	29	42	funds	fund	NOUN
cblr-2952	29	43	,	,	PUNCT
cblr-2952	29	44	all	all	PRON
cblr-2952	29	45	of	of	ADP
cblr-2952	29	46	which	which	PRON
cblr-2952	29	47	largely	largely	ADV
cblr-2952	29	48	attempt	attempt	VERB
cblr-2952	29	49	to	to	PART
cblr-2952	29	50	replicate	replicate	VERB
cblr-2952	29	51	private	private	ADJ
cblr-2952	29	52	equity	equity	NOUN
cblr-2952	29	53	or	or	CCONJ
cblr-2952	29	54	hedge	hedge	NOUN
cblr-2952	29	55	fund	fund	NOUN
cblr-2952	29	56	returns	return	NOUN
cblr-2952	29	57	and	and	CCONJ
cblr-2952	29	58	have	have	AUX
cblr-2952	29	59	been	be	AUX
cblr-2952	29	60	marketed	market	VERB
cblr-2952	29	61	to	to	ADP
cblr-2952	29	62	public	public	ADJ
cblr-2952	29	63	investors	investor	NOUN
cblr-2952	29	64	on	on	ADP
cblr-2952	29	65	this	this	DET
cblr-2952	29	66	basis	basis	NOUN
cblr-2952	29	67	.	.	PUNCT
cblr-2952	30	1	black	black	ADJ
cblr-2952	30	2	market	market	NOUN
cblr-2952	30	3	capital	capital	NOUN
cblr-2952	30	4	has	have	AUX
cblr-2952	30	5	not	not	PART
cblr-2952	30	6	only	only	ADV
cblr-2952	30	7	altered	alter	VERB
cblr-2952	30	8	the	the	DET
cblr-2952	30	9	structure	structure	NOUN
cblr-2952	30	10	of	of	ADP
cblr-2952	30	11	the	the	DET
cblr-2952	30	12	u.s	u.s	PROPN
cblr-2952	30	13	.	.	PROPN
cblr-2952	30	14	capital	capital	NOUN
cblr-2952	30	15	market	market	NOUN
cblr-2952	30	16	but	but	CCONJ
cblr-2952	30	17	has	have	AUX
cblr-2952	30	18	shifted	shift	VERB
cblr-2952	30	19	capital	capital	NOUN
cblr-2952	30	20	flows	flow	NOUN
cblr-2952	30	21	to	to	ADP
cblr-2952	30	22	non	non	ADJ
cblr-2952	30	23	-	-	ADJ
cblr-2952	30	24	u.s	u.s	ADJ
cblr-2952	30	25	.	.	PROPN
cblr-2952	30	26	markets	market	NOUN
cblr-2952	30	27	and	and	CCONJ
cblr-2952	30	28	engendered	engender	VERB
cblr-2952	30	29	the	the	DET
cblr-2952	30	30	creation	creation	NOUN
cblr-2952	30	31	of	of	ADP
cblr-2952	30	32	u.s	u.s	PROPN
cblr-2952	30	33	.	.	PROPN
cblr-2952	30	34	private	private	ADJ
cblr-2952	30	35	markets	market	NOUN
cblr-2952	30	36	.	.	PUNCT
cblr-2952	31	1	this	this	DET
cblr-2952	31	2	article	article	NOUN
cblr-2952	31	3	identifies	identify	VERB
cblr-2952	31	4	and	and	CCONJ
cblr-2952	31	5	examines	examine	VERB
cblr-2952	31	6	the	the	DET
cblr-2952	31	7	ramifications	ramification	NOUN
cblr-2952	31	8	of	of	ADP
cblr-2952	31	9	black	black	ADJ
cblr-2952	31	10	market	market	NOUN
cblr-2952	31	11	capital	capital	NOUN
cblr-2952	31	12	.	.	PUNCT
cblr-2952	32	1	it	it	PRON
cblr-2952	32	2	finds	find	VERB
cblr-2952	32	3	this	this	DET
cblr-2952	32	4	effect	effect	NOUN
cblr-2952	32	5	to	to	PART
cblr-2952	32	6	be	be	AUX
cblr-2952	32	7	an	an	DET
cblr-2952	32	8	irrational	irrational	ADJ
cblr-2952	32	9	by	by	ADP
cblr-2952	32	10	-	-	PUNCT
cblr-2952	32	11	product	product	NOUN
cblr-2952	32	12	of	of	ADP
cblr-2952	32	13	current	current	ADJ
cblr-2952	32	14	hedge	hedge	NOUN
cblr-2952	32	15	fund	fund	NOUN
cblr-2952	32	16	and	and	CCONJ
cblr-2952	32	17	private	private	ADJ
cblr-2952	32	18	equity	equity	NOUN
cblr-2952	32	19	regulation	regulation	NOUN
cblr-2952	32	20	,	,	PUNCT
cblr-2952	32	21	one	one	NUM
cblr-2952	32	22	likely	likely	ADV
cblr-2952	32	23	harmful	harmful	ADJ
cblr-2952	32	24	to	to	ADP
cblr-2952	32	25	u.s	u.s	PROPN
cblr-2952	32	26	.	.	PROPN
cblr-2952	32	27	capital	capital	NOUN
cblr-2952	32	28	markets	market	NOUN
cblr-2952	32	29	.	.	PUNCT
cblr-2952	33	1	these	these	PRON
cblr-2952	33	2	are	be	AUX
cblr-2952	33	3	external	external	ADJ
cblr-2952	33	4	costs	cost	NOUN
cblr-2952	33	5	inherent	inherent	ADJ
cblr-2952	33	6	in	in	ADP
cblr-2952	33	7	the	the	DET
cblr-2952	33	8	current	current	ADJ
cblr-2952	33	9	regulatory	regulatory	ADJ
cblr-2952	33	10	scheme	scheme	NOUN
cblr-2952	33	11	which	which	PRON
cblr-2952	33	12	the	the	DET
cblr-2952	33	13	sec	sec	PROPN
cblr-2952	33	14	has	have	AUX
cblr-2952	33	15	not	not	PART
cblr-2952	33	16	recognized	recognize	VERB
cblr-2952	33	17	.	.	PUNCT
cblr-2952	34	1	the	the	DET
cblr-2952	34	2	sec	sec	PROPN
cblr-2952	34	3	should	should	AUX
cblr-2952	34	4	consequently	consequently	ADV
cblr-2952	34	5	undertake	undertake	VERB
cblr-2952	34	6	a	a	DET
cblr-2952	34	7	thorough	thorough	ADJ
cblr-2952	34	8	costbenefit	costbenefit	NOUN
cblr-2952	34	9	analysis	analysis	NOUN
cblr-2952	34	10	of	of	ADP
cblr-2952	34	11	its	its	PRON
cblr-2952	34	12	hedge	hedge	NOUN
cblr-2952	34	13	fund	fund	NOUN
cblr-2952	34	14	and	and	CCONJ
cblr-2952	34	15	private	private	ADJ
cblr-2952	34	16	equity	equity	NOUN
cblr-2952	34	17	regulation	regulation	NOUN
cblr-2952	34	18	.	.	PUNCT
cblr-2952	35	1	based	base	VERB
cblr-2952	35	2	on	on	ADP
cblr-2952	35	3	the	the	DET
cblr-2952	35	4	available	available	ADJ
cblr-2952	35	5	evidence	evidence	NOUN
cblr-2952	35	6	,	,	PUNCT
cblr-2952	35	7	such	such	DET
cblr-2952	35	8	an	an	DET
cblr-2952	35	9	analysis	analysis	NOUN
cblr-2952	35	10	is	be	AUX
cblr-2952	35	11	no	no	PRON
cblr-2952	35	12	.	.	PUNCT
cblr-2952	36	1	1:172	1:172	NUM
cblr-2952	36	2	]	]	SYM
cblr-2952	36	3	174	174	NUM
cblr-2952	36	4	columbia	columbia	PROPN
cblr-2952	36	5	b	b	PROPN
cblr-2952	36	6	usiness	usiness	PROPN
cblr-2952	36	7	law	law	PROPN
cblr-2952	36	8	re	re	PROPN
cblr-2952	36	9	vie	vie	PROPN
cblr-2952	36	10	w	w	PROPN
cblr-2952	37	1	[	[	X
cblr-2952	37	2	vol	vol	NOUN
cblr-2952	37	3	.	.	PUNCT
cblr-2952	37	4	2008	2008	NUM
cblr-2952	37	5	likely	likely	ADJ
cblr-2952	37	6	to	to	PART
cblr-2952	37	7	conclude	conclude	VERB
cblr-2952	37	8	that	that	SCONJ
cblr-2952	37	9	the	the	DET
cblr-2952	37	10	benefits	benefit	NOUN
cblr-2952	37	11	of	of	ADP
cblr-2952	37	12	a	a	DET
cblr-2952	37	13	regulatory	regulatory	ADJ
cblr-2952	37	14	scheme	scheme	NOUN
cblr-2952	37	15	permitting	permit	VERB
cblr-2952	37	16	the	the	DET
cblr-2952	37	17	public	public	ADJ
cblr-2952	37	18	offer	offer	NOUN
cblr-2952	37	19	of	of	ADP
cblr-2952	37	20	hedge	hedge	NOUN
cblr-2952	37	21	funds	fund	NOUN
cblr-2952	37	22	and	and	CCONJ
cblr-2952	37	23	private	private	ADJ
cblr-2952	37	24	equity	equity	NOUN
cblr-2952	37	25	funds	fund	NOUN
cblr-2952	37	26	as	as	ADP
cblr-2952	37	27	a	a	DET
cblr-2952	37	28	component	component	NOUN
cblr-2952	37	29	investment	investment	NOUN
cblr-2952	37	30	of	of	ADP
cblr-2952	37	31	a	a	DET
cblr-2952	37	32	diversified	diversified	ADJ
cblr-2952	37	33	portfolio	portfolio	NOUN
cblr-2952	37	34	not	not	PART
cblr-2952	37	35	only	only	ADV
cblr-2952	37	36	exceed	exceed	VERB
cblr-2952	37	37	its	its	PRON
cblr-2952	37	38	costs	cost	NOUN
cblr-2952	37	39	but	but	CCONJ
cblr-2952	37	40	is	be	AUX
cblr-2952	37	41	superior	superior	ADJ
cblr-2952	37	42	to	to	ADP
cblr-2952	37	43	current	current	ADJ
cblr-2952	37	44	regulation	regulation	NOUN
cblr-2952	37	45	.	.	PUNCT
cblr-2952	38	1	no	no	INTJ
cblr-2952	38	2	.	.	PUNCT
cblr-2952	39	1	1:172	1:172	NUM
cblr-2952	39	2	]	]	X
cblr-2952	39	3	black	black	ADJ
cblr-2952	39	4	market	market	NOUN
cblr-2952	39	5	capital	capital	NOUN
cblr-2952	39	6	introduction	introduction	NOUN
cblr-2952	39	7	hedge	hedge	NOUN
cblr-2952	39	8	funds	fund	NOUN
cblr-2952	39	9	and	and	CCONJ
cblr-2952	39	10	private	private	ADJ
cblr-2952	39	11	equity	equity	NOUN
cblr-2952	39	12	have	have	AUX
cblr-2952	39	13	become	become	VERB
cblr-2952	39	14	influential	influential	ADJ
cblr-2952	39	15	forces	force	NOUN
cblr-2952	39	16	in	in	ADP
cblr-2952	39	17	american	american	ADJ
cblr-2952	39	18	capital	capital	NOUN
cblr-2952	39	19	markets	market	NOUN
cblr-2952	39	20	.	.	PUNCT
cblr-2952	39	21	'	'	PUNCT
cblr-2952	40	1	they	they	PRON
cblr-2952	40	2	are	be	AUX
cblr-2952	40	3	also	also	ADV
cblr-2952	40	4	controversial	controversial	ADJ
cblr-2952	40	5	.	.	PUNCT
cblr-2952	41	1	both	both	DET
cblr-2952	41	2	hedge	hedge	NOUN
cblr-2952	41	3	funds	fund	NOUN
cblr-2952	41	4	and	and	CCONJ
cblr-2952	41	5	private	private	ADJ
cblr-2952	41	6	equity	equity	NOUN
cblr-2952	41	7	have	have	AUX
cblr-2952	41	8	been	be	AUX
cblr-2952	41	9	stridently	stridently	ADV
cblr-2952	41	10	criticized	criticize	VERB
cblr-2952	41	11	for	for	ADP
cblr-2952	41	12	their	their	PRON
cblr-2952	41	13	exorbitant	exorbitant	ADJ
cblr-2952	41	14	fees	fee	NOUN
cblr-2952	41	15	and	and	CCONJ
cblr-2952	41	16	the	the	DET
cblr-2952	41	17	spectacular	spectacular	ADJ
cblr-2952	41	18	profits	profit	NOUN
cblr-2952	41	19	of	of	ADP
cblr-2952	41	20	some	some	PRON
cblr-2952	41	21	of	of	ADP
cblr-2952	41	22	their	their	PRON
cblr-2952	41	23	managers	manager	NOUN
cblr-2952	41	24	,	,	PUNCT
cblr-2952	41	25	their	their	PRON
cblr-2952	41	26	involvement	involvement	NOUN
cblr-2952	41	27	in	in	ADP
cblr-2952	41	28	a	a	DET
cblr-2952	41	29	number	number	NOUN
cblr-2952	41	30	of	of	ADP
cblr-2952	41	31	high	high	ADJ
cblr-2952	41	32	-	-	PUNCT
cblr-2952	41	33	profile	profile	NOUN
cblr-2952	41	34	,	,	PUNCT
cblr-2952	41	35	controversial	controversial	ADJ
cblr-2952	41	36	transactions	transaction	NOUN
cblr-2952	41	37	and	and	CCONJ
cblr-2952	41	38	investment	investment	NOUN
cblr-2952	41	39	scandals	scandal	NOUN
cblr-2952	41	40	,	,	PUNCT
cblr-2952	41	41	and	and	CCONJ
cblr-2952	41	42	the	the	DET
cblr-2952	41	43	systemic	systemic	ADJ
cblr-2952	41	44	and	and	CCONJ
cblr-2952	41	45	idiosyncratic	idiosyncratic	ADJ
cblr-2952	41	46	risks	risk	NOUN
cblr-2952	41	47	these	these	DET
cblr-2952	41	48	investments	investment	NOUN
cblr-2952	42	1	pose.2	pose.2	PROPN
cblr-2952	42	2	yet	yet	ADV
cblr-2952	42	3	,	,	PUNCT
cblr-2952	42	4	their	their	PRON
cblr-2952	42	5	out	out	ADJ
cblr-2952	42	6	-	-	PUNCT
cblr-2952	42	7	size	size	NOUN
cblr-2952	42	8	presence	presence	NOUN
cblr-2952	42	9	has	have	AUX
cblr-2952	42	10	undoubtedly	undoubtedly	ADV
cblr-2952	42	11	altered	alter	VERB
cblr-2952	42	12	the	the	DET
cblr-2952	42	13	structure	structure	NOUN
cblr-2952	42	14	of	of	ADP
cblr-2952	42	15	u.s	u.s	PROPN
cblr-2952	42	16	.	.	PROPN
cblr-2952	42	17	capital	capital	NOUN
cblr-2952	42	18	markets	market	NOUN
cblr-2952	42	19	:	:	PUNCT
cblr-2952	42	20	twenty	twenty	NUM
cblr-2952	42	21	-	-	PUNCT
cblr-2952	42	22	eight	eight	NUM
cblr-2952	42	23	percent	percent	NOUN
cblr-2952	42	24	of	of	ADP
cblr-2952	42	25	the	the	DET
cblr-2952	42	26	aggregate	aggregate	ADJ
cblr-2952	42	27	amount	amount	NOUN
cblr-2952	42	28	of	of	ADP
cblr-2952	42	29	announced	announce	VERB
cblr-2952	42	30	domestic	domestic	ADJ
cblr-2952	42	31	takeovers	takeover	NOUN
cblr-2952	42	32	in	in	ADP
cblr-2952	42	33	2007	2007	NUM
cblr-2952	42	34	involved	involve	VERB
cblr-2952	42	35	private	private	ADJ
cblr-2952	42	36	equity	equity	NOUN
cblr-2952	42	37	'	'	PUNCT
cblr-2952	42	38	while	while	SCONJ
cblr-2952	42	39	hedge	hedge	NOUN
cblr-2952	42	40	funds	fund	NOUN
cblr-2952	42	41	have	have	AUX
cblr-2952	42	42	emerged	emerge	VERB
cblr-2952	42	43	as	as	ADP
cblr-2952	42	44	vocal	vocal	ADJ
cblr-2952	42	45	public	public	ADJ
cblr-2952	42	46	company	company	NOUN
cblr-2952	42	47	shareholder	shareholder	NOUN
cblr-2952	42	48	activists	activist	NOUN
cblr-2952	42	49	and	and	CCONJ
cblr-2952	42	50	a	a	DET
cblr-2952	42	51	source	source	NOUN
cblr-2952	42	52	of	of	ADP
cblr-2952	42	53	market	market	NOUN
cblr-2952	42	54	liquidity	liquidity	NOUN
cblr-2952	42	55	,	,	PUNCT
cblr-2952	42	56	diversification	diversification	NOUN
cblr-2952	42	57	,	,	PUNCT
cblr-2952	42	58	and	and	CCONJ
cblr-2952	42	59	risk	risk	NOUN
cblr-2952	42	60	-	-	PUNCT
cblr-2952	42	61	management.4	management.4	VERB
cblr-2952	42	62	the	the	DET
cblr-2952	42	63	influence	influence	NOUN
cblr-2952	42	64	of	of	ADP
cblr-2952	42	65	these	these	DET
cblr-2952	42	66	two	two	NUM
cblr-2952	42	67	investment	investment	NOUN
cblr-2952	42	68	classes	class	NOUN
cblr-2952	42	69	is	be	AUX
cblr-2952	42	70	only	only	ADV
cblr-2952	42	71	likely	likely	ADJ
cblr-2952	42	72	to	to	PART
cblr-2952	42	73	increase	increase	VERB
cblr-2952	42	74	.	.	PUNCT
cblr-2952	43	1	hedge	hedge	NOUN
cblr-2952	43	2	funds	fund	NOUN
cblr-2952	43	3	held	hold	VERB
cblr-2952	43	4	an	an	DET
cblr-2952	43	5	estimated	estimate	VERB
cblr-2952	43	6	$	$	SYM
cblr-2952	43	7	2.79	2.79	NUM
cblr-2952	43	8	trillion	trillion	NUM
cblr-2952	43	9	in	in	ADP
cblr-2952	43	10	assets	asset	NOUN
cblr-2952	43	11	as	as	ADP
cblr-2952	43	12	of	of	ADP
cblr-2952	43	13	the	the	DET
cblr-2952	43	14	close	close	NOUN
cblr-2952	43	15	of	of	ADP
cblr-2952	43	16	2007	2007	NUM
cblr-2952	43	17	,	,	PUNCT
cblr-2952	43	18	a	a	DET
cblr-2952	43	19	16.95	16.95	NUM
cblr-2952	43	20	%	%	NOUN
cblr-2952	43	21	increase	increase	NOUN
cblr-2952	43	22	over	over	ADP
cblr-2952	43	23	the	the	DET
cblr-2952	43	24	previous	previous	ADJ
cblr-2952	43	25	year.5	year.5	NOUN
cblr-2952	43	26	meanwhile	meanwhile	ADV
cblr-2952	43	27	,	,	PUNCT
cblr-2952	43	28	private	private	ADJ
cblr-2952	43	29	equity	equity	NOUN
cblr-2952	43	30	domestically	domestically	ADV
cblr-2952	43	31	raised	raise	VERB
cblr-2952	43	32	an	an	DET
cblr-2952	43	33	estimated	estimate	VERB
cblr-2952	43	34	$	$	SYM
cblr-2952	43	35	302	302	NUM
cblr-2952	43	36	billion	billion	NUM
cblr-2952	43	37	in	in	ADP
cblr-2952	43	38	equity	equity	NOUN
cblr-2952	43	39	commitments	commitment	NOUN
cblr-2952	43	40	in	in	ADP
cblr-2952	43	41	2007	2007	NUM
cblr-2952	43	42	,	,	PUNCT
cblr-2952	43	43	a	a	DET
cblr-2952	43	44	nineteen	nineteen	NUM
cblr-2952	43	45	percent	percent	NOUN
cblr-2952	43	46	increase	increase	NOUN
cblr-2952	43	47	over	over	ADP
cblr-2952	43	48	the	the	DET
cblr-2952	43	49	prior	prior	ADJ
cblr-2952	43	50	year	year	NOUN
cblr-2952	43	51	when	when	SCONJ
cblr-2952	43	52	$	$	SYM
cblr-2952	43	53	255	255	NUM
cblr-2952	43	54	billion	billion	NUM
cblr-2952	43	55	was	be	AUX
cblr-2952	43	56	raised	raise	VERB
cblr-2952	43	57	,	,	PUNCT
cblr-2952	43	58	and	and	CCONJ
cblr-2952	43	59	an	an	DET
cblr-2952	43	60	amount	amount	NOUN
cblr-2952	43	61	'	'	PUNCT
cblr-2952	43	62	i	i	PRON
cblr-2952	43	63	define	define	VERB
cblr-2952	43	64	the	the	DET
cblr-2952	43	65	terms	term	NOUN
cblr-2952	43	66	hedge	hedge	VERB
cblr-2952	43	67	funds	fund	NOUN
cblr-2952	43	68	and	and	CCONJ
cblr-2952	43	69	private	private	ADJ
cblr-2952	43	70	equity	equity	NOUN
cblr-2952	43	71	infra	infra	NOUN
cblr-2952	43	72	parts	part	NOUN
cblr-2952	43	73	i.b	i.b	PROPN
cblr-2952	43	74	and	and	CCONJ
cblr-2952	43	75	i.a	i.a	PROPN
cblr-2952	43	76	,	,	PUNCT
cblr-2952	43	77	respectively	respectively	ADV
cblr-2952	43	78	.	.	PUNCT
cblr-2952	44	1	2	2	NUM
cblr-2952	44	2	see	see	VERB
cblr-2952	44	3	jonathan	jonathan	PROPN
cblr-2952	44	4	h.	h.	PROPN
cblr-2952	44	5	gatsik	gatsik	PROPN
cblr-2952	44	6	,	,	PUNCT
cblr-2952	44	7	hedge	hedge	NOUN
cblr-2952	44	8	funds	fund	NOUN
cblr-2952	44	9	:	:	PUNCT
cblr-2952	44	10	the	the	DET
cblr-2952	44	11	ultimate	ultimate	ADJ
cblr-2952	44	12	game	game	NOUN
cblr-2952	44	13	of	of	ADP
cblr-2952	44	14	liar	liar	PROPN
cblr-2952	44	15	's	's	PART
cblr-2952	44	16	poker	poker	NOUN
cblr-2952	44	17	,	,	PUNCT
cblr-2952	44	18	35	35	NUM
cblr-2952	44	19	suffolk	suffolk	PROPN
cblr-2952	44	20	u.	u.	PROPN
cblr-2952	44	21	l.	l.	PROPN
cblr-2952	44	22	rev	rev	PROPN
cblr-2952	44	23	.	.	PROPN
cblr-2952	44	24	591	591	NUM
cblr-2952	44	25	(	(	PUNCT
cblr-2952	44	26	2001	2001	NUM
cblr-2952	44	27	)	)	PUNCT
cblr-2952	44	28	;	;	PUNCT
cblr-2952	44	29	jenny	jenny	PROPN
cblr-2952	44	30	anderson	anderson	PROPN
cblr-2952	44	31	,	,	PUNCT
cblr-2952	44	32	like	like	ADP
cblr-2952	44	33	them	they	PRON
cblr-2952	44	34	or	or	CCONJ
cblr-2952	44	35	loathe	loathe	VERB
cblr-2952	44	36	them	they	PRON
cblr-2952	44	37	,	,	PUNCT
cblr-2952	44	38	hedge	hedge	NOUN
cblr-2952	44	39	funds	fund	NOUN
cblr-2952	44	40	are	be	AUX
cblr-2952	44	41	n't	not	PART
cblr-2952	44	42	going	go	VERB
cblr-2952	44	43	away	away	ADV
cblr-2952	44	44	,	,	PUNCT
cblr-2952	44	45	n.y	n.y	PROPN
cblr-2952	44	46	.	.	PROPN
cblr-2952	44	47	times	times	PROPN
cblr-2952	44	48	,	,	PUNCT
cblr-2952	44	49	jan	jan	PROPN
cblr-2952	44	50	.	.	PROPN
cblr-2952	44	51	12	12	NUM
cblr-2952	44	52	,	,	PUNCT
cblr-2952	44	53	2007	2007	NUM
cblr-2952	44	54	,	,	PUNCT
cblr-2952	44	55	at	at	ADP
cblr-2952	44	56	c5	c5	PROPN
cblr-2952	44	57	;	;	PUNCT
cblr-2952	44	58	andrew	andrew	PROPN
cblr-2952	44	59	ross	ross	PROPN
cblr-2952	44	60	sorkin	sorkin	PROPN
cblr-2952	44	61	,	,	PUNCT
cblr-2952	44	62	of	of	ADP
cblr-2952	44	63	private	private	ADJ
cblr-2952	44	64	equity	equity	NOUN
cblr-2952	44	65	,	,	PUNCT
cblr-2952	44	66	politics	politic	NOUN
cblr-2952	44	67	and	and	CCONJ
cblr-2952	44	68	income	income	NOUN
cblr-2952	44	69	taxes	taxis	NOUN
cblr-2952	44	70	,	,	PUNCT
cblr-2952	44	71	n.y	n.y	PROPN
cblr-2952	44	72	.	.	PROPN
cblr-2952	44	73	times	times	PROPN
cblr-2952	44	74	,	,	PUNCT
cblr-2952	44	75	mar	mar	PROPN
cblr-2952	44	76	.	.	PROPN
cblr-2952	44	77	11	11	NUM
cblr-2952	44	78	,	,	PUNCT
cblr-2952	44	79	2007	2007	NUM
cblr-2952	44	80	,	,	PUNCT
cblr-2952	44	81	at	at	ADP
cblr-2952	44	82	37	37	NUM
cblr-2952	44	83	;	;	PUNCT
cblr-2952	44	84	jenny	jenny	PROPN
cblr-2952	44	85	anderson	anderson	PROPN
cblr-2952	44	86	,	,	PUNCT
cblr-2952	44	87	the	the	DET
cblr-2952	44	88	private	private	ADJ
cblr-2952	44	89	lives	life	NOUN
cblr-2952	44	90	of	of	ADP
cblr-2952	44	91	hedge	hedge	NOUN
cblr-2952	44	92	funds	fund	NOUN
cblr-2952	44	93	,	,	PUNCT
cblr-2952	44	94	n.y	n.y	PROPN
cblr-2952	44	95	.	.	PROPN
cblr-2952	44	96	times	times	PROPN
cblr-2952	44	97	,	,	PUNCT
cblr-2952	44	98	dec	dec	PROPN
cblr-2952	44	99	.	.	PROPN
cblr-2952	44	100	29	29	NUM
cblr-2952	44	101	,	,	PUNCT
cblr-2952	44	102	2006	2006	NUM
cblr-2952	44	103	,	,	PUNCT
cblr-2952	44	104	at	at	ADP
cblr-2952	44	105	c1	c1	NOUN
cblr-2952	44	106	;	;	PUNCT
cblr-2952	44	107	david	david	PROPN
cblr-2952	44	108	f.	f.	PROPN
cblr-2952	44	109	swensen	swensen	PROPN
cblr-2952	44	110	,	,	PUNCT
cblr-2952	44	111	op	op	NOUN
cblr-2952	44	112	-	-	PUNCT
cblr-2952	44	113	ed	ed	NOUN
cblr-2952	44	114	.	.	PROPN
cblr-2952	44	115	,	,	PUNCT
cblr-2952	44	116	invest	invest	VERB
cblr-2952	44	117	at	at	ADP
cblr-2952	44	118	your	your	PRON
cblr-2952	44	119	own	own	ADJ
cblr-2952	44	120	risk	risk	NOUN
cblr-2952	44	121	,	,	PUNCT
cblr-2952	44	122	n.y	n.y	PROPN
cblr-2952	44	123	.	.	PROPN
cblr-2952	44	124	times	times	PROPN
cblr-2952	44	125	,	,	PUNCT
cblr-2952	44	126	oct	oct	PROPN
cblr-2952	44	127	.	.	PROPN
cblr-2952	44	128	19	19	NUM
cblr-2952	44	129	,	,	PUNCT
cblr-2952	44	130	2005	2005	NUM
cblr-2952	44	131	,	,	PUNCT
cblr-2952	44	132	at	at	ADP
cblr-2952	44	133	a21	a21	NOUN
cblr-2952	44	134	.	.	PUNCT
cblr-2952	45	1	3	3	NUM
cblr-2952	45	2	dealogic	dealogic	NOUN
cblr-2952	45	3	database	database	NOUN
cblr-2952	45	4	(	(	PUNCT
cblr-2952	45	5	search	search	NOUN
cblr-2952	45	6	data	datum	NOUN
cblr-2952	45	7	on	on	ADP
cblr-2952	45	8	file	file	NOUN
cblr-2952	45	9	with	with	ADP
cblr-2952	45	10	author	author	NOUN
cblr-2952	45	11	)	)	PUNCT
cblr-2952	45	12	.	.	PUNCT
cblr-2952	46	1	see	see	VERB
cblr-2952	46	2	infra	infra	NOUN
cblr-2952	46	3	notes	note	VERB
cblr-2952	46	4	83	83	NUM
cblr-2952	46	5	-	-	SYM
cblr-2952	46	6	85	85	NUM
cblr-2952	46	7	and	and	CCONJ
cblr-2952	46	8	accompanying	accompany	VERB
cblr-2952	46	9	text	text	NOUN
cblr-2952	46	10	.	.	PUNCT
cblr-2952	47	1	see	see	VERB
cblr-2952	47	2	hedge	hedge	NOUN
cblr-2952	47	3	fund	fund	NOUN
cblr-2952	47	4	assets	asset	NOUN
cblr-2952	47	5	rise	rise	VERB
cblr-2952	47	6	to	to	ADP
cblr-2952	47	7	usd2.8trn	usd2.8trn	NOUN
cblr-2952	47	8	,	,	PUNCT
cblr-2952	47	9	says	say	VERB
cblr-2952	47	10	asset	asset	NOUN
cblr-2952	47	11	flows	flow	VERB
cblr-2952	47	12	report	report	NOUN
cblr-2952	47	13	,	,	PUNCT
cblr-2952	47	14	www.hedgeweek.com	www.hedgeweek.com	PROPN
cblr-2952	47	15	,	,	PUNCT
cblr-2952	47	16	feb	feb	PROPN
cblr-2952	47	17	.	.	PROPN
cblr-2952	47	18	12	12	NUM
cblr-2952	47	19	,	,	PUNCT
cblr-2952	47	20	2008	2008	NUM
cblr-2952	47	21	.	.	PUNCT
cblr-2952	48	1	http://www.hedgeweek.com/articles/detail.jsp?contentid=243020	http://www.hedgeweek.com/articles/detail.jsp?contentid=243020	PROPN
cblr-2952	48	2	(	(	PUNCT
cblr-2952	48	3	last	last	ADJ
cblr-2952	48	4	visited	visit	VERB
cblr-2952	48	5	feb	feb	PROPN
cblr-2952	48	6	.	.	PROPN
cblr-2952	48	7	17	17	NUM
cblr-2952	48	8	,	,	PUNCT
cblr-2952	48	9	2008	2008	NUM
cblr-2952	48	10	)	)	PUNCT
cblr-2952	48	11	.	.	PUNCT
cblr-2952	49	1	no	no	INTJ
cblr-2952	49	2	.	.	PUNCT
cblr-2952	50	1	1:172	1:172	NUM
cblr-2952	50	2	]	]	X
cblr-2952	50	3	black	black	ADJ
cblr-2952	50	4	market	market	NOUN
cblr-2952	50	5	capital	capital	PROPN
cblr-2952	50	6	columbia	columbia	PROPN
cblr-2952	50	7	business	business	PROPN
cblr-2952	50	8	law	law	PROPN
cblr-2952	50	9	review	review	NOUN
cblr-2952	50	10	which	which	PRON
cblr-2952	50	11	will	will	AUX
cblr-2952	50	12	likely	likely	ADV
cblr-2952	50	13	sustain	sustain	VERB
cblr-2952	50	14	well	well	ADV
cblr-2952	50	15	over	over	ADP
cblr-2952	50	16	a	a	DET
cblr-2952	50	17	trillion	trillion	NUM
cblr-2952	50	18	dollars	dollar	NOUN
cblr-2952	50	19	in	in	ADP
cblr-2952	50	20	new	new	ADJ
cblr-2952	50	21	corporate	corporate	ADJ
cblr-2952	50	22	acquisitions	acquisition	NOUN
cblr-2952	50	23	.	.	PUNCT
cblr-2952	51	1	private	private	ADJ
cblr-2952	51	2	equity	equity	NOUN
cblr-2952	51	3	and	and	CCONJ
cblr-2952	51	4	hedge	hedge	NOUN
cblr-2952	51	5	funds	fund	NOUN
cblr-2952	51	6	,	,	PUNCT
cblr-2952	51	7	in	in	ADP
cblr-2952	51	8	particular	particular	ADJ
cblr-2952	51	9	,	,	PUNCT
cblr-2952	51	10	are	be	AUX
cblr-2952	51	11	capital	capital	NOUN
cblr-2952	51	12	markets	market	NOUN
cblr-2952	51	13	phenomena	phenomenon	NOUN
cblr-2952	51	14	which	which	PRON
cblr-2952	51	15	have	have	AUX
cblr-2952	51	16	achieved	achieve	VERB
cblr-2952	51	17	significance	significance	NOUN
cblr-2952	51	18	only	only	ADV
cblr-2952	51	19	in	in	ADP
cblr-2952	51	20	recent	recent	ADJ
cblr-2952	51	21	decades	decade	NOUN
cblr-2952	51	22	.	.	PUNCT
cblr-2952	52	1	yet	yet	ADV
cblr-2952	52	2	,	,	PUNCT
cblr-2952	52	3	the	the	DET
cblr-2952	52	4	primary	primary	ADJ
cblr-2952	52	5	regulatory	regulatory	ADJ
cblr-2952	52	6	law	law	NOUN
cblr-2952	52	7	which	which	PRON
cblr-2952	52	8	purports	purport	VERB
cblr-2952	52	9	to	to	PART
cblr-2952	52	10	govern	govern	VERB
cblr-2952	52	11	them	they	PRON
cblr-2952	52	12	,	,	PUNCT
cblr-2952	52	13	the	the	DET
cblr-2952	52	14	investment	investment	NOUN
cblr-2952	52	15	company	company	NOUN
cblr-2952	52	16	act,7	act,7	PROPN
cblr-2952	52	17	dates	date	VERB
cblr-2952	52	18	to	to	ADP
cblr-2952	52	19	1940	1940	NUM
cblr-2952	52	20	,	,	PUNCT
cblr-2952	52	21	and	and	CCONJ
cblr-2952	52	22	the	the	DET
cblr-2952	52	23	regulations	regulation	NOUN
cblr-2952	52	24	thereunder	thereunder	VERB
cblr-2952	52	25	governing	govern	VERB
cblr-2952	52	26	open	open	ADJ
cblr-2952	52	27	-	-	PUNCT
cblr-2952	52	28	end	end	NOUN
cblr-2952	52	29	investment	investment	NOUN
cblr-2952	52	30	companies	company	NOUN
cblr-2952	52	31	have	have	AUX
cblr-2952	52	32	largely	largely	ADV
cblr-2952	52	33	been	be	AUX
cblr-2952	52	34	promulgated	promulgate	VERB
cblr-2952	52	35	to	to	PART
cblr-2952	52	36	regulate	regulate	VERB
cblr-2952	52	37	the	the	DET
cblr-2952	52	38	mutual	mutual	ADJ
cblr-2952	52	39	fund	fund	NOUN
cblr-2952	52	40	industry.8	industry.8	PROPN
cblr-2952	52	41	the	the	DET
cblr-2952	52	42	securities	securities	PROPN
cblr-2952	52	43	and	and	CCONJ
cblr-2952	52	44	exchange	exchange	PROPN
cblr-2952	52	45	commission	commission	PROPN
cblr-2952	52	46	(	(	PUNCT
cblr-2952	52	47	"	"	PUNCT
cblr-2952	52	48	sec	sec	PROPN
cblr-2952	52	49	"	"	PUNCT
cblr-2952	52	50	)	)	PUNCT
cblr-2952	52	51	has	have	AUX
cblr-2952	52	52	refused	refuse	VERB
cblr-2952	52	53	to	to	PART
cblr-2952	52	54	accommodate	accommodate	VERB
cblr-2952	52	55	the	the	DET
cblr-2952	52	56	differing	differ	VERB
cblr-2952	52	57	structure	structure	NOUN
cblr-2952	52	58	and	and	CCONJ
cblr-2952	52	59	operation	operation	NOUN
cblr-2952	52	60	of	of	ADP
cblr-2952	52	61	hedge	hedge	NOUN
cblr-2952	52	62	funds	fund	NOUN
cblr-2952	52	63	and	and	CCONJ
cblr-2952	52	64	private	private	ADJ
cblr-2952	52	65	equity	equity	NOUN
cblr-2952	52	66	.	.	PUNCT
cblr-2952	53	1	instead	instead	ADV
cblr-2952	53	2	,	,	PUNCT
cblr-2952	53	3	the	the	DET
cblr-2952	53	4	investment	investment	NOUN
cblr-2952	53	5	company	company	NOUN
cblr-2952	53	6	act	act	VERB
cblr-2952	53	7	and	and	CCONJ
cblr-2952	53	8	its	its	PRON
cblr-2952	53	9	related	relate	VERB
cblr-2952	53	10	regulation	regulation	NOUN
cblr-2952	53	11	effectively	effectively	ADV
cblr-2952	53	12	prevent	prevent	VERB
cblr-2952	53	13	hedge	hedge	NOUN
cblr-2952	53	14	funds	fund	NOUN
cblr-2952	53	15	and	and	CCONJ
cblr-2952	53	16	private	private	ADJ
cblr-2952	53	17	equity	equity	NOUN
cblr-2952	53	18	from	from	ADP
cblr-2952	53	19	accessing	access	VERB
cblr-2952	53	20	the	the	DET
cblr-2952	53	21	public	public	ADJ
cblr-2952	53	22	market	market	NOUN
cblr-2952	53	23	for	for	ADP
cblr-2952	53	24	investors.9	investors.9	ADJ
cblr-2952	53	25	hedge	hedge	NOUN
cblr-2952	53	26	funds	fund	NOUN
cblr-2952	53	27	and	and	CCONJ
cblr-2952	53	28	private	private	ADJ
cblr-2952	53	29	equity	equity	NOUN
cblr-2952	53	30	consequently	consequently	ADV
cblr-2952	53	31	avoid	avoid	VERB
cblr-2952	53	32	application	application	NOUN
cblr-2952	53	33	of	of	ADP
cblr-2952	53	34	the	the	DET
cblr-2952	53	35	investment	investment	NOUN
cblr-2952	53	36	company	company	NOUN
cblr-2952	53	37	act	act	VERB
cblr-2952	53	38	by	by	ADP
cblr-2952	53	39	forgoing	forgo	VERB
cblr-2952	53	40	public	public	ADJ
cblr-2952	53	41	capital	capital	NOUN
cblr-2952	53	42	-	-	PUNCT
cblr-2952	53	43	raising	raising	NOUN
cblr-2952	53	44	;	;	PUNCT
cblr-2952	53	45	they	they	PRON
cblr-2952	53	46	alternatively	alternatively	ADV
cblr-2952	53	47	raise	raise	VERB
cblr-2952	53	48	capital	capital	NOUN
cblr-2952	53	49	from	from	ADP
cblr-2952	53	50	high	high	ADJ
cblr-2952	53	51	networth	networth	NOUN
cblr-2952	53	52	investors	investor	NOUN
cblr-2952	53	53	and	and	CCONJ
cblr-2952	53	54	pension	pension	NOUN
cblr-2952	53	55	and	and	CCONJ
cblr-2952	53	56	other	other	ADJ
cblr-2952	53	57	investment	investment	NOUN
cblr-2952	53	58	funds	fund	NOUN
cblr-2952	53	59	in	in	ADP
cblr-2952	53	60	the	the	DET
cblr-2952	53	61	u.s	u.s	PROPN
cblr-2952	53	62	.	.	PROPN
cblr-2952	53	63	private	private	ADJ
cblr-2952	53	64	market	market	NOUN
cblr-2952	53	65	or	or	CCONJ
cblr-2952	53	66	otherwise	otherwise	ADV
cblr-2952	53	67	in	in	ADP
cblr-2952	53	68	foreign	foreign	ADJ
cblr-2952	53	69	fund	fund	NOUN
cblr-2952	53	70	-	-	PUNCT
cblr-2952	53	71	raising	raising	NOUN
cblr-2952	53	72	which	which	PRON
cblr-2952	53	73	excludes	exclude	VERB
cblr-2952	53	74	u.s	u.s	PROPN
cblr-2952	53	75	.	.	PROPN
cblr-2952	53	76	investors	investor	NOUN
cblr-2952	53	77	altogether	altogether	ADV
cblr-2952	53	78	.	.	PUNCT
cblr-2952	54	1	in	in	ADP
cblr-2952	54	2	either	either	DET
cblr-2952	54	3	case	case	NOUN
cblr-2952	54	4	,	,	PUNCT
cblr-2952	54	5	the	the	DET
cblr-2952	54	6	6	6	NUM
cblr-2952	54	7	see	see	VERB
cblr-2952	54	8	private	private	ADJ
cblr-2952	54	9	equity	equity	NOUN
cblr-2952	54	10	enjoys	enjoy	VERB
cblr-2952	54	11	record	record	NOUN
cblr-2952	54	12	fund	fund	NOUN
cblr-2952	54	13	-	-	PUNCT
cblr-2952	54	14	raising	raising	NOUN
cblr-2952	54	15	in	in	ADP
cblr-2952	54	16	2007	2007	NUM
cblr-2952	54	17	,	,	PUNCT
cblr-2952	54	18	s.f	s.f	PROPN
cblr-2952	54	19	.	.	PROPN
cblr-2952	54	20	bus	bus	PROPN
cblr-2952	54	21	.	.	PUNCT
cblr-2952	55	1	times	times	PROPN
cblr-2952	55	2	,	,	PUNCT
cblr-2952	55	3	jan	jan	PROPN
cblr-2952	55	4	.	.	PROPN
cblr-2952	55	5	8	8	NUM
cblr-2952	55	6	,	,	PUNCT
cblr-2952	55	7	2008	2008	NUM
cblr-2952	55	8	,	,	PUNCT
cblr-2952	55	9	available	available	ADJ
cblr-2952	55	10	at	at	ADP
cblr-2952	55	11	http://www.bizjournals.com/sanfrancisco/stories/2008/01/07/daily2l.html	http://www.bizjournals.com/sanfrancisco/stories/2008/01/07/daily2l.html	ADJ
cblr-2952	55	12	.	.	PUNCT
cblr-2952	56	1	hedge	hedge	NOUN
cblr-2952	56	2	funds	fund	NOUN
cblr-2952	56	3	and	and	CCONJ
cblr-2952	56	4	private	private	ADJ
cblr-2952	56	5	equity	equity	NOUN
cblr-2952	56	6	are	be	AUX
cblr-2952	56	7	generally	generally	ADV
cblr-2952	56	8	not	not	PART
cblr-2952	56	9	required	require	VERB
cblr-2952	56	10	to	to	PART
cblr-2952	56	11	publicly	publicly	ADV
cblr-2952	56	12	disclose	disclose	VERB
cblr-2952	56	13	their	their	PRON
cblr-2952	56	14	performance	performance	NOUN
cblr-2952	56	15	,	,	PUNCT
cblr-2952	56	16	assets	asset	NOUN
cblr-2952	56	17	under	under	ADP
cblr-2952	56	18	management	management	NOUN
cblr-2952	56	19	,	,	PUNCT
cblr-2952	56	20	or	or	CCONJ
cblr-2952	56	21	capital	capital	NOUN
cblr-2952	56	22	raised	raise	VERB
cblr-2952	56	23	;	;	PUNCT
cblr-2952	56	24	the	the	DET
cblr-2952	56	25	figures	figure	NOUN
cblr-2952	56	26	for	for	ADP
cblr-2952	56	27	these	these	DET
cblr-2952	56	28	measures	measure	NOUN
cblr-2952	56	29	cited	cite	VERB
cblr-2952	56	30	throughout	throughout	ADP
cblr-2952	56	31	this	this	DET
cblr-2952	56	32	article	article	NOUN
cblr-2952	56	33	are	be	AUX
cblr-2952	56	34	thus	thus	ADV
cblr-2952	56	35	estimates	estimate	NOUN
cblr-2952	56	36	based	base	VERB
cblr-2952	56	37	on	on	ADP
cblr-2952	56	38	publicly	publicly	ADV
cblr-2952	56	39	available	available	ADJ
cblr-2952	56	40	information	information	NOUN
cblr-2952	56	41	and	and	CCONJ
cblr-2952	56	42	voluntary	voluntary	ADJ
cblr-2952	56	43	disclosure	disclosure	NOUN
cblr-2952	56	44	made	make	VERB
cblr-2952	56	45	to	to	ADP
cblr-2952	56	46	private	private	ADJ
cblr-2952	56	47	database	database	NOUN
cblr-2952	56	48	services	service	NOUN
cblr-2952	56	49	.	.	PUNCT
cblr-2952	57	1	7	7	NUM
cblr-2952	57	2	15	15	NUM
cblr-2952	57	3	u.s.c	u.s.c	NOUN
cblr-2952	57	4	.	.	PUNCT
cblr-2952	58	1	§	§	PROPN
cblr-2952	58	2	§	§	PROPN
cblr-2952	58	3	80a-1	80a-1	PROPN
cblr-2952	58	4	to	to	ADP
cblr-2952	58	5	80a-64	80a-64	PROPN
cblr-2952	58	6	(	(	PUNCT
cblr-2952	58	7	2007	2007	NUM
cblr-2952	58	8	)	)	PUNCT
cblr-2952	58	9	.	.	PUNCT
cblr-2952	58	10	'	'	PUNCT
cblr-2952	59	1	the	the	DET
cblr-2952	59	2	investment	investment	NOUN
cblr-2952	59	3	company	company	NOUN
cblr-2952	59	4	act	act	NOUN
cblr-2952	59	5	defines	define	VERB
cblr-2952	59	6	an	an	DET
cblr-2952	59	7	open	open	ADJ
cblr-2952	59	8	-	-	PUNCT
cblr-2952	59	9	end	end	NOUN
cblr-2952	59	10	investment	investment	NOUN
cblr-2952	59	11	company	company	NOUN
cblr-2952	59	12	as	as	ADP
cblr-2952	59	13	"	"	PUNCT
cblr-2952	59	14	a	a	DET
cblr-2952	59	15	management	management	NOUN
cblr-2952	59	16	company	company	NOUN
cblr-2952	59	17	which	which	PRON
cblr-2952	59	18	is	be	AUX
cblr-2952	59	19	offering	offer	VERB
cblr-2952	59	20	for	for	ADP
cblr-2952	59	21	sale	sale	NOUN
cblr-2952	59	22	or	or	CCONJ
cblr-2952	59	23	has	have	AUX
cblr-2952	59	24	outstanding	outstande	VERB
cblr-2952	59	25	any	any	DET
cblr-2952	59	26	redeemable	redeemable	ADJ
cblr-2952	59	27	security	security	NOUN
cblr-2952	59	28	of	of	ADP
cblr-2952	59	29	which	which	PRON
cblr-2952	59	30	it	it	PRON
cblr-2952	59	31	is	be	AUX
cblr-2952	59	32	the	the	DET
cblr-2952	59	33	issuer	issuer	NOUN
cblr-2952	59	34	.	.	PUNCT
cblr-2952	59	35	"	"	PUNCT
cblr-2952	60	1	a	a	DET
cblr-2952	60	2	closed	close	VERB
cblr-2952	60	3	-	-	PUNCT
cblr-2952	60	4	end	end	NOUN
cblr-2952	60	5	investment	investment	NOUN
cblr-2952	60	6	company	company	NOUN
cblr-2952	60	7	is	be	AUX
cblr-2952	60	8	defined	define	VERB
cblr-2952	60	9	as	as	ADP
cblr-2952	60	10	"	"	PUNCT
cblr-2952	60	11	any	any	DET
cblr-2952	60	12	management	management	NOUN
cblr-2952	60	13	company	company	NOUN
cblr-2952	60	14	other	other	ADJ
cblr-2952	60	15	than	than	ADP
cblr-2952	60	16	an	an	DET
cblr-2952	60	17	open	open	ADJ
cblr-2952	60	18	-	-	PUNCT
cblr-2952	60	19	end	end	NOUN
cblr-2952	60	20	company	company	NOUN
cblr-2952	60	21	.	.	PUNCT
cblr-2952	60	22	"	"	PUNCT
cblr-2952	61	1	i	i	PRON
cblr-2952	61	2	d.	d.	PROPN
cblr-2952	61	3	§	§	PROPN
cblr-2952	61	4	80a-5(a	80a-5(a	NUM
cblr-2952	61	5	)	)	PUNCT
cblr-2952	61	6	.	.	PUNCT
cblr-2952	62	1	because	because	SCONJ
cblr-2952	62	2	they	they	PRON
cblr-2952	62	3	permit	permit	VERB
cblr-2952	62	4	redemptions	redemption	NOUN
cblr-2952	62	5	,	,	PUNCT
cblr-2952	62	6	hedge	hedge	NOUN
cblr-2952	62	7	funds	fund	NOUN
cblr-2952	62	8	and	and	CCONJ
cblr-2952	62	9	private	private	ADJ
cblr-2952	62	10	equity	equity	NOUN
cblr-2952	62	11	funds	fund	NOUN
cblr-2952	62	12	are	be	AUX
cblr-2952	62	13	classified	classify	VERB
cblr-2952	62	14	as	as	SCONJ
cblr-2952	62	15	open	open	ADJ
cblr-2952	62	16	-	-	PUNCT
cblr-2952	62	17	end	end	NOUN
cblr-2952	62	18	investment	investment	NOUN
cblr-2952	62	19	companies	company	NOUN
cblr-2952	62	20	under	under	ADP
cblr-2952	62	21	the	the	DET
cblr-2952	62	22	investment	investment	NOUN
cblr-2952	62	23	company	company	NOUN
cblr-2952	62	24	act	act	VERB
cblr-2952	62	25	.	.	PUNCT
cblr-2952	62	26	'	'	PUNCT
cblr-2952	63	1	see	see	VERB
cblr-2952	63	2	generally	generally	ADV
cblr-2952	63	3	roberta	roberta	PROPN
cblr-2952	63	4	s.	s.	PROPN
cblr-2952	63	5	karmel	karmel	PROPN
cblr-2952	63	6	,	,	PUNCT
cblr-2952	63	7	mutual	mutual	ADJ
cblr-2952	63	8	funds	fund	NOUN
cblr-2952	63	9	,	,	PUNCT
cblr-2952	63	10	pension	pension	NOUN
cblr-2952	63	11	funds	fund	NOUN
cblr-2952	63	12	,	,	PUNCT
cblr-2952	63	13	hedge	hedge	NOUN
cblr-2952	63	14	funds	fund	NOUN
cblr-2952	63	15	and	and	CCONJ
cblr-2952	63	16	stock	stock	NOUN
cblr-2952	63	17	market	market	NOUN
cblr-2952	63	18	volatility	volatility	NOUN
cblr-2952	63	19	-	-	PUNCT
cblr-2952	63	20	what	what	PRON
cblr-2952	63	21	regulation	regulation	NOUN
cblr-2952	63	22	by	by	ADP
cblr-2952	63	23	the	the	DET
cblr-2952	63	24	securities	securities	PROPN
cblr-2952	63	25	and	and	CCONJ
cblr-2952	63	26	exchange	exchange	PROPN
cblr-2952	63	27	commission	commission	NOUN
cblr-2952	63	28	is	be	AUX
cblr-2952	63	29	appropriate	appropriate	ADJ
cblr-2952	63	30	?	?	PUNCT
cblr-2952	64	1	80	80	NUM
cblr-2952	64	2	notre	notre	PROPN
cblr-2952	64	3	dame	dame	PROPN
cblr-2952	64	4	l.	l.	PROPN
cblr-2952	64	5	rev	rev	PROPN
cblr-2952	64	6	.	.	PROPN
cblr-2952	64	7	909	909	NUM
cblr-2952	64	8	(	(	PUNCT
cblr-2952	64	9	2005	2005	NUM
cblr-2952	64	10	)	)	PUNCT
cblr-2952	64	11	(	(	PUNCT
cblr-2952	64	12	discussing	discuss	VERB
cblr-2952	64	13	sec	sec	PROPN
cblr-2952	64	14	attitude	attitude	NOUN
cblr-2952	64	15	towards	towards	ADP
cblr-2952	64	16	,	,	PUNCT
cblr-2952	64	17	and	and	CCONJ
cblr-2952	64	18	political	political	ADJ
cblr-2952	64	19	forces	force	NOUN
cblr-2952	64	20	driving	drive	VERB
cblr-2952	64	21	,	,	PUNCT
cblr-2952	64	22	regulation	regulation	NOUN
cblr-2952	64	23	of	of	ADP
cblr-2952	64	24	hedge	hedge	NOUN
cblr-2952	64	25	funds	fund	NOUN
cblr-2952	64	26	and	and	CCONJ
cblr-2952	64	27	other	other	ADJ
cblr-2952	64	28	investment	investment	NOUN
cblr-2952	64	29	funds	fund	NOUN
cblr-2952	64	30	)	)	PUNCT
cblr-2952	64	31	.	.	PUNCT
cblr-2952	65	1	[	[	X
cblr-2952	65	2	vol	vol	NOUN
cblr-2952	65	3	.	.	NOUN
cblr-2952	65	4	2008	2008	NUM
cblr-2952	65	5	black	black	ADJ
cblr-2952	65	6	market	market	NOUN
cblr-2952	65	7	capital	capital	NOUN
cblr-2952	65	8	ordinary	ordinary	ADJ
cblr-2952	65	9	,	,	PUNCT
cblr-2952	65	10	retail	retail	ADJ
cblr-2952	65	11	u.s	u.s	PROPN
cblr-2952	65	12	.	.	PROPN
cblr-2952	65	13	shareholder	shareholder	NOUN
cblr-2952	65	14	is	be	AUX
cblr-2952	65	15	effectively	effectively	ADV
cblr-2952	65	16	precluded	preclude	VERB
cblr-2952	65	17	by	by	ADP
cblr-2952	65	18	sec	sec	PROPN
cblr-2952	65	19	rules	rule	NOUN
cblr-2952	65	20	from	from	ADP
cblr-2952	65	21	investing	invest	VERB
cblr-2952	65	22	in	in	ADP
cblr-2952	65	23	these	these	DET
cblr-2952	65	24	opportunities	opportunity	NOUN
cblr-2952	65	25	.	.	PUNCT
cblr-2952	66	1	°	°	NOUN
cblr-2952	66	2	this	this	PRON
cblr-2952	66	3	is	be	AUX
cblr-2952	66	4	a	a	DET
cblr-2952	66	5	historically	historically	ADV
cblr-2952	66	6	unintended	unintended	ADJ
cblr-2952	66	7	by	by	ADP
cblr-2952	66	8	-	-	PUNCT
cblr-2952	66	9	product	product	NOUN
cblr-2952	66	10	of	of	ADP
cblr-2952	66	11	regulation	regulation	NOUN
cblr-2952	66	12	promulgated	promulgate	VERB
cblr-2952	66	13	when	when	SCONJ
cblr-2952	66	14	hedge	hedge	NOUN
cblr-2952	66	15	funds	fund	NOUN
cblr-2952	66	16	and	and	CCONJ
cblr-2952	66	17	private	private	ADJ
cblr-2952	66	18	equity	equity	NOUN
cblr-2952	66	19	in	in	ADP
cblr-2952	66	20	their	their	PRON
cblr-2952	66	21	current	current	ADJ
cblr-2952	66	22	form	form	NOUN
cblr-2952	66	23	were	be	AUX
cblr-2952	66	24	largely	largely	ADV
cblr-2952	66	25	non	non	ADJ
cblr-2952	66	26	-	-	ADJ
cblr-2952	66	27	existent	existent	ADJ
cblr-2952	66	28	.	.	PUNCT
cblr-2952	67	1	however	however	ADV
cblr-2952	67	2	,	,	PUNCT
cblr-2952	67	3	the	the	DET
cblr-2952	67	4	sec	sec	PROPN
cblr-2952	67	5	and	and	CCONJ
cblr-2952	67	6	other	other	ADJ
cblr-2952	67	7	federal	federal	ADJ
cblr-2952	67	8	regulators	regulator	NOUN
cblr-2952	67	9	,	,	PUNCT
cblr-2952	67	10	namely	namely	ADV
cblr-2952	67	11	the	the	DET
cblr-2952	67	12	federal	federal	PROPN
cblr-2952	67	13	reserve	reserve	NOUN
cblr-2952	67	14	system	system	PROPN
cblr-2952	67	15	and	and	CCONJ
cblr-2952	67	16	treasury	treasury	PROPN
cblr-2952	67	17	department	department	PROPN
cblr-2952	67	18	,	,	PUNCT
cblr-2952	67	19	have	have	AUX
cblr-2952	67	20	been	be	AUX
cblr-2952	67	21	content	content	ADJ
cblr-2952	67	22	to	to	PART
cblr-2952	67	23	preserve	preserve	VERB
cblr-2952	67	24	and	and	CCONJ
cblr-2952	67	25	even	even	ADV
cblr-2952	67	26	firm	firm	VERB
cblr-2952	67	27	up	up	ADP
cblr-2952	67	28	these	these	DET
cblr-2952	67	29	barriers	barrier	NOUN
cblr-2952	67	30	.	.	PUNCT
cblr-2952	68	1	in	in	ADP
cblr-2952	68	2	public	public	ADJ
cblr-2952	68	3	comments	comment	NOUN
cblr-2952	68	4	,	,	PUNCT
cblr-2952	68	5	officials	official	NOUN
cblr-2952	68	6	of	of	ADP
cblr-2952	68	7	all	all	PRON
cblr-2952	68	8	of	of	ADP
cblr-2952	68	9	these	these	DET
cblr-2952	68	10	agencies	agency	NOUN
cblr-2952	68	11	have	have	AUX
cblr-2952	68	12	repeatedly	repeatedly	ADV
cblr-2952	68	13	asserted	assert	VERB
cblr-2952	68	14	that	that	SCONJ
cblr-2952	68	15	hedge	hedge	NOUN
cblr-2952	68	16	funds	fund	NOUN
cblr-2952	68	17	should	should	AUX
cblr-2952	68	18	remain	remain	VERB
cblr-2952	68	19	outside	outside	ADP
cblr-2952	68	20	the	the	DET
cblr-2952	68	21	public	public	ADJ
cblr-2952	68	22	markets	market	NOUN
cblr-2952	68	23	,	,	PUNCT
cblr-2952	68	24	closed	close	VERB
cblr-2952	68	25	off	off	ADP
cblr-2952	68	26	to	to	ADP
cblr-2952	68	27	the	the	DET
cblr-2952	68	28	average	average	ADJ
cblr-2952	68	29	investor	investor	NOUN
cblr-2952	68	30	.	.	PUNCT
cblr-2952	69	1	these	these	DET
cblr-2952	69	2	officials	official	NOUN
cblr-2952	69	3	justify	justify	VERB
cblr-2952	69	4	this	this	DET
cblr-2952	69	5	exclusion	exclusion	NOUN
cblr-2952	69	6	largely	largely	ADV
cblr-2952	69	7	due	due	ADJ
cblr-2952	69	8	to	to	ADP
cblr-2952	69	9	the	the	DET
cblr-2952	69	10	alleged	allege	VERB
cblr-2952	69	11	risk	risk	NOUN
cblr-2952	69	12	involved	involve	VERB
cblr-2952	69	13	in	in	ADP
cblr-2952	69	14	these	these	DET
cblr-2952	69	15	investments	investment	NOUN
cblr-2952	69	16	and	and	CCONJ
cblr-2952	69	17	the	the	DET
cblr-2952	69	18	perceived	perceive	VERB
cblr-2952	69	19	inability	inability	NOUN
cblr-2952	69	20	of	of	ADP
cblr-2952	69	21	the	the	DET
cblr-2952	69	22	average	average	ADJ
cblr-2952	69	23	investor	investor	NOUN
cblr-2952	69	24	to	to	PART
cblr-2952	69	25	prudently	prudently	ADV
cblr-2952	69	26	judge	judge	VERB
cblr-2952	69	27	such	such	ADJ
cblr-2952	69	28	risk	risk	NOUN
cblr-2952	69	29	.	.	PUNCT
cblr-2952	69	30	"	"	PUNCT
cblr-2952	70	1	they	they	PRON
cblr-2952	70	2	do	do	AUX
cblr-2952	70	3	not	not	PART
cblr-2952	70	4	often	often	ADV
cblr-2952	70	5	mention	mention	VERB
cblr-2952	70	6	private	private	ADJ
cblr-2952	70	7	equity	equity	NOUN
cblr-2952	70	8	in	in	ADP
cblr-2952	70	9	these	these	DET
cblr-2952	70	10	comments	comment	NOUN
cblr-2952	70	11	but	but	CCONJ
cblr-2952	70	12	impliedly	impliedly	ADV
cblr-2952	70	13	group	group	NOUN
cblr-2952	70	14	private	private	ADJ
cblr-2952	70	15	equity	equity	NOUN
cblr-2952	70	16	,	,	PUNCT
cblr-2952	70	17	with	with	ADP
cblr-2952	70	18	hedge	hedge	NOUN
cblr-2952	70	19	funds	fund	NOUN
cblr-2952	70	20	by	by	ADP
cblr-2952	70	21	association	association	NOUN
cblr-2952	70	22	,	,	PUNCT
cblr-2952	70	23	as	as	SCONJ
cblr-2952	70	24	equally	equally	ADV
cblr-2952	70	25	inappropriate.12	inappropriate.12	VERB
cblr-2952	70	26	the	the	DET
cblr-2952	70	27	sec	sec	PROPN
cblr-2952	70	28	in	in	ADP
cblr-2952	70	29	particular	particular	ADJ
cblr-2952	70	30	is	be	AUX
cblr-2952	70	31	active	active	ADJ
cblr-2952	70	32	in	in	ADP
cblr-2952	70	33	this	this	DET
cblr-2952	70	34	crusade	crusade	NOUN
cblr-2952	70	35	,	,	PUNCT
cblr-2952	70	36	and	and	CCONJ
cblr-2952	70	37	is	be	AUX
cblr-2952	70	38	currently	currently	ADV
cblr-2952	70	39	in	in	ADP
cblr-2952	70	40	the	the	DET
cblr-2952	70	41	rule	rule	NOUN
cblr-2952	70	42	-	-	PUNCT
cblr-2952	70	43	making	make	VERB
cblr-2952	70	44	process	process	NOUN
cblr-2952	70	45	to	to	PART
cblr-2952	70	46	further	further	VERB
cblr-2952	70	47	10	10	NUM
cblr-2952	70	48	for	for	ADP
cblr-2952	70	49	a	a	DET
cblr-2952	70	50	further	further	ADJ
cblr-2952	70	51	discussion	discussion	NOUN
cblr-2952	70	52	of	of	ADP
cblr-2952	70	53	these	these	DET
cblr-2952	70	54	laws	law	NOUN
cblr-2952	70	55	and	and	CCONJ
cblr-2952	70	56	the	the	DET
cblr-2952	70	57	regulation	regulation	NOUN
cblr-2952	70	58	of	of	ADP
cblr-2952	70	59	hedge	hedge	NOUN
cblr-2952	70	60	funds	fund	NOUN
cblr-2952	70	61	and	and	CCONJ
cblr-2952	70	62	private	private	ADJ
cblr-2952	70	63	equity	equity	NOUN
cblr-2952	70	64	,	,	PUNCT
cblr-2952	70	65	see	see	VERB
cblr-2952	70	66	infra	infra	NOUN
cblr-2952	70	67	part	part	PROPN
cblr-2952	70	68	ii	ii	PROPN
cblr-2952	70	69	.	.	PROPN
cblr-2952	70	70	11	11	NUM
cblr-2952	70	71	see	see	VERB
cblr-2952	70	72	,	,	PUNCT
cblr-2952	70	73	e.g.	e.g.	ADV
cblr-2952	70	74	,	,	PUNCT
cblr-2952	70	75	anthony	anthony	PROPN
cblr-2952	70	76	ryan	ryan	PROPN
cblr-2952	70	77	,	,	PUNCT
cblr-2952	70	78	remarks	remark	NOUN
cblr-2952	70	79	of	of	ADP
cblr-2952	70	80	assistant	assistant	ADJ
cblr-2952	70	81	secretary	secretary	NOUN
cblr-2952	70	82	for	for	ADP
cblr-2952	70	83	financial	financial	ADJ
cblr-2952	70	84	markets	market	NOUN
cblr-2952	70	85	,	,	PUNCT
cblr-2952	70	86	on	on	ADP
cblr-2952	70	87	hedge	hedge	NOUN
cblr-2952	70	88	funds	fund	NOUN
cblr-2952	70	89	,	,	PUNCT
cblr-2952	70	90	world	world	NOUN
cblr-2952	70	91	hedge	hedge	PROPN
cblr-2952	70	92	fund	fund	PROPN
cblr-2952	70	93	forum	forum	PROPN
cblr-2952	70	94	(	(	PUNCT
cblr-2952	70	95	mar	mar	PROPN
cblr-2952	70	96	.	.	PROPN
cblr-2952	70	97	6	6	NUM
cblr-2952	70	98	,	,	PUNCT
cblr-2952	70	99	2007	2007	NUM
cblr-2952	70	100	)	)	PUNCT
cblr-2952	70	101	available	available	ADJ
cblr-2952	70	102	at	at	ADP
cblr-2952	70	103	http://www.ustreas.gov/press/releases/hp296.htm	http://www.ustreas.gov/press/releases/hp296.htm	PROPN
cblr-2952	70	104	(	(	PUNCT
cblr-2952	70	105	"	"	PUNCT
cblr-2952	70	106	the	the	DET
cblr-2952	70	107	risks	risk	NOUN
cblr-2952	70	108	associated	associate	VERB
cblr-2952	70	109	with	with	ADP
cblr-2952	70	110	direct	direct	ADJ
cblr-2952	70	111	investment	investment	NOUN
cblr-2952	70	112	in	in	ADP
cblr-2952	70	113	[	[	PUNCT
cblr-2952	70	114	hedge	hedge	NOUN
cblr-2952	70	115	]	]	X
cblr-2952	70	116	funds	fund	NOUN
cblr-2952	70	117	are	be	AUX
cblr-2952	70	118	most	most	ADV
cblr-2952	70	119	appropriately	appropriately	ADV
cblr-2952	70	120	borne	bear	VERB
cblr-2952	70	121	by	by	ADP
cblr-2952	70	122	investors	investor	NOUN
cblr-2952	70	123	with	with	ADP
cblr-2952	70	124	...	...	PUNCT
cblr-2952	70	125	sophistication	sophistication	NOUN
cblr-2952	70	126	..	..	PUNCT
cblr-2952	70	127	.	.	PUNCT
cblr-2952	71	1	"	"	PUNCT
cblr-2952	71	2	)	)	PUNCT
cblr-2952	71	3	;	;	PUNCT
cblr-2952	71	4	testimony	testimony	NOUN
cblr-2952	71	5	concerning	concern	VERB
cblr-2952	71	6	the	the	DET
cblr-2952	71	7	regulation	regulation	NOUN
cblr-2952	71	8	of	of	ADP
cblr-2952	71	9	hedge	hedge	NOUN
cblr-2952	71	10	funds	fund	NOUN
cblr-2952	71	11	by	by	ADP
cblr-2952	71	12	chairman	chairman	PROPN
cblr-2952	71	13	christopher	christopher	PROPN
cblr-2952	71	14	cox	cox	PROPN
cblr-2952	71	15	,	,	PUNCT
cblr-2952	71	16	u.s	u.s	PROPN
cblr-2952	71	17	.	.	PROPN
cblr-2952	71	18	securities	securities	PROPN
cblr-2952	71	19	&	&	CCONJ
cblr-2952	71	20	exchange	exchange	PROPN
cblr-2952	71	21	commission	commission	PROPN
cblr-2952	71	22	,	,	PUNCT
cblr-2952	71	23	before	before	ADP
cblr-2952	71	24	the	the	DET
cblr-2952	71	25	u.s	u.s	PROPN
cblr-2952	71	26	.	.	PROPN
cblr-2952	71	27	senate	senate	PROPN
cblr-2952	71	28	committee	committee	PROPN
cblr-2952	71	29	on	on	ADP
cblr-2952	71	30	banking	banking	NOUN
cblr-2952	71	31	,	,	PUNCT
cblr-2952	71	32	housing	housing	NOUN
cblr-2952	71	33	and	and	CCONJ
cblr-2952	71	34	urban	urban	PROPN
cblr-2952	71	35	affairs	affair	NOUN
cblr-2952	71	36	(	(	PUNCT
cblr-2952	71	37	july	july	PROPN
cblr-2952	71	38	25	25	NUM
cblr-2952	71	39	,	,	PUNCT
cblr-2952	71	40	2006	2006	NUM
cblr-2952	71	41	)	)	PUNCT
cblr-2952	71	42	,	,	PUNCT
cblr-2952	71	43	available	available	ADJ
cblr-2952	71	44	at	at	ADP
cblr-2952	71	45	http://www.sec.gov/news/testimony/2006/ts072506cc.htm	http://www.sec.gov/news/testimony/2006/ts072506cc.htm	PROPN
cblr-2952	71	46	(	(	PUNCT
cblr-2952	71	47	hedge	hedge	NOUN
cblr-2952	71	48	funds	fund	NOUN
cblr-2952	71	49	"	"	PUNCT
cblr-2952	71	50	are	be	AUX
cblr-2952	71	51	not	not	PART
cblr-2952	71	52	investments	investment	NOUN
cblr-2952	71	53	for	for	ADP
cblr-2952	71	54	mom	mom	NOUN
cblr-2952	71	55	and	and	CCONJ
cblr-2952	71	56	pop	pop	NOUN
cblr-2952	71	57	.	.	PUNCT
cblr-2952	72	1	they	they	PRON
cblr-2952	72	2	are	be	AUX
cblr-2952	72	3	generally	generally	ADV
cblr-2952	72	4	risky	risky	ADJ
cblr-2952	72	5	ventures	venture	NOUN
cblr-2952	72	6	that	that	PRON
cblr-2952	72	7	simply	simply	ADV
cblr-2952	72	8	do	do	AUX
cblr-2952	72	9	n't	not	PART
cblr-2952	72	10	make	make	VERB
cblr-2952	72	11	sense	sense	NOUN
cblr-2952	72	12	for	for	ADP
cblr-2952	72	13	most	most	ADJ
cblr-2952	72	14	retail	retail	ADJ
cblr-2952	72	15	investors	investor	NOUN
cblr-2952	72	16	.	.	PUNCT
cblr-2952	72	17	"	"	PUNCT
cblr-2952	72	18	)	)	PUNCT
cblr-2952	73	1	[	[	X
cblr-2952	73	2	hereinafter	hereinafter	NOUN
cblr-2952	73	3	cox	cox	PROPN
cblr-2952	73	4	senate	senate	PROPN
cblr-2952	73	5	testimony	testimony	NOUN
cblr-2952	73	6	]	]	PUNCT
cblr-2952	73	7	;	;	PUNCT
cblr-2952	73	8	testimony	testimony	NOUN
cblr-2952	73	9	of	of	ADP
cblr-2952	73	10	patrick	patrick	PROPN
cblr-2952	73	11	m.	m.	PROPN
cblr-2952	73	12	parkinson	parkinson	PROPN
cblr-2952	73	13	deputy	deputy	NOUN
cblr-2952	73	14	director	director	NOUN
cblr-2952	73	15	,	,	PUNCT
cblr-2952	73	16	federal	federal	PROPN
cblr-2952	73	17	reserve	reserve	PROPN
cblr-2952	73	18	board	board	PROPN
cblr-2952	73	19	division	division	NOUN
cblr-2952	73	20	of	of	ADP
cblr-2952	73	21	research	research	NOUN
cblr-2952	73	22	and	and	CCONJ
cblr-2952	73	23	statistics	statistic	NOUN
cblr-2952	73	24	before	before	ADP
cblr-2952	73	25	the	the	DET
cblr-2952	73	26	subcommittee	subcommittee	NOUN
cblr-2952	73	27	on	on	ADP
cblr-2952	73	28	securities	security	NOUN
cblr-2952	73	29	and	and	CCONJ
cblr-2952	73	30	investment	investment	NOUN
cblr-2952	73	31	,	,	PUNCT
cblr-2952	73	32	committee	committee	NOUN
cblr-2952	73	33	on	on	ADP
cblr-2952	73	34	banking	banking	NOUN
cblr-2952	73	35	,	,	PUNCT
cblr-2952	73	36	housing	housing	NOUN
cblr-2952	73	37	,	,	PUNCT
cblr-2952	73	38	and	and	CCONJ
cblr-2952	73	39	urban	urban	PROPN
cblr-2952	73	40	affairs	affairs	PROPN
cblr-2952	73	41	,	,	PUNCT
cblr-2952	73	42	u.s	u.s	PROPN
cblr-2952	73	43	.	.	PROPN
cblr-2952	73	44	senate	senate	PROPN
cblr-2952	73	45	(	(	PUNCT
cblr-2952	73	46	may	may	PROPN
cblr-2952	73	47	16	16	NUM
cblr-2952	73	48	,	,	PUNCT
cblr-2952	73	49	2006	2006	NUM
cblr-2952	73	50	)	)	PUNCT
cblr-2952	73	51	available	available	ADJ
cblr-2952	73	52	at	at	ADP
cblr-2952	73	53	http://federalreserve.gov/boarddocs/testimony/2006/20060516/default.htm	http://federalreserve.gov/boarddocs/testimony/2006/20060516/default.htm	PROPN
cblr-2952	73	54	(	(	PUNCT
cblr-2952	73	55	the	the	DET
cblr-2952	73	56	federal	federal	ADJ
cblr-2952	73	57	securities	security	NOUN
cblr-2952	73	58	laws	law	NOUN
cblr-2952	73	59	"	"	PUNCT
cblr-2952	73	60	effectively	effectively	ADV
cblr-2952	73	61	allow	allow	VERB
cblr-2952	73	62	only	only	ADJ
cblr-2952	73	63	institutions	institution	NOUN
cblr-2952	73	64	and	and	CCONJ
cblr-2952	73	65	relatively	relatively	ADV
cblr-2952	73	66	wealthy	wealthy	ADJ
cblr-2952	73	67	individuals	individual	NOUN
cblr-2952	73	68	to	to	PART
cblr-2952	73	69	invest	invest	VERB
cblr-2952	73	70	in	in	ADP
cblr-2952	73	71	hedge	hedge	NOUN
cblr-2952	73	72	funds	fund	NOUN
cblr-2952	73	73	.	.	PUNCT
cblr-2952	74	1	such	such	ADJ
cblr-2952	74	2	investors	investor	NOUN
cblr-2952	74	3	arguably	arguably	ADV
cblr-2952	74	4	are	be	AUX
cblr-2952	74	5	in	in	ADP
cblr-2952	74	6	a	a	DET
cblr-2952	74	7	position	position	NOUN
cblr-2952	74	8	to	to	PART
cblr-2952	74	9	protect	protect	VERB
cblr-2952	74	10	themselves	themselves	PRON
cblr-2952	74	11	from	from	ADP
cblr-2952	74	12	the	the	DET
cblr-2952	74	13	risks	risk	NOUN
cblr-2952	74	14	associated	associate	VERB
cblr-2952	74	15	with	with	ADP
cblr-2952	74	16	hedge	hedge	NOUN
cblr-2952	74	17	funds	fund	NOUN
cblr-2952	74	18	"	"	PUNCT
cblr-2952	74	19	)	)	PUNCT
cblr-2952	75	1	[	[	X
cblr-2952	75	2	hereinafter	hereinafter	NOUN
cblr-2952	75	3	parkinson	parkinson	NOUN
cblr-2952	75	4	testimony	testimony	NOUN
cblr-2952	75	5	]	]	PUNCT
cblr-2952	75	6	.	.	PUNCT
cblr-2952	76	1	1	1	NUM
cblr-2952	76	2	see	see	VERB
cblr-2952	76	3	infra	infra	NOUN
cblr-2952	76	4	notes	note	VERB
cblr-2952	76	5	154	154	NUM
cblr-2952	76	6	-	-	SYM
cblr-2952	76	7	155	155	NUM
cblr-2952	76	8	and	and	CCONJ
cblr-2952	76	9	accompanying	accompany	VERB
cblr-2952	76	10	text	text	NOUN
cblr-2952	76	11	for	for	ADP
cblr-2952	76	12	a	a	DET
cblr-2952	76	13	discussion	discussion	NOUN
cblr-2952	76	14	of	of	ADP
cblr-2952	76	15	this	this	DET
cblr-2952	76	16	practice	practice	NOUN
cblr-2952	76	17	in	in	ADP
cblr-2952	76	18	the	the	DET
cblr-2952	76	19	context	context	NOUN
cblr-2952	76	20	of	of	ADP
cblr-2952	76	21	sec	sec	PROPN
cblr-2952	76	22	rule	rule	NOUN
cblr-2952	76	23	-	-	PUNCT
cblr-2952	76	24	making	making	NOUN
cblr-2952	76	25	.	.	PUNCT
cblr-2952	77	1	no	no	INTJ
cblr-2952	77	2	.	.	NOUN
cblr-2952	78	1	1	1	NUM
cblr-2952	78	2	:	:	SYM
cblr-2952	78	3	172	172	NUM
cblr-2952	78	4	]	]	X
cblr-2952	78	5	columbia	columbia	PROPN
cblr-2952	78	6	business	business	PROPN
cblr-2952	78	7	la	la	PROPN
cblr-2952	78	8	w	w	PROPN
cblr-2952	78	9	review	review	NOUN
cblr-2952	78	10	place	place	NOUN
cblr-2952	78	11	both	both	PRON
cblr-2952	78	12	hedge	hedge	NOUN
cblr-2952	78	13	fund	fund	NOUN
cblr-2952	78	14	and	and	CCONJ
cblr-2952	78	15	private	private	ADJ
cblr-2952	78	16	equity	equity	NOUN
cblr-2952	78	17	investments	investment	NOUN
cblr-2952	78	18	effectively	effectively	ADV
cblr-2952	78	19	outside	outside	ADP
cblr-2952	78	20	the	the	DET
cblr-2952	78	21	investing	investing	NOUN
cblr-2952	78	22	reach	reach	NOUN
cblr-2952	78	23	of	of	ADP
cblr-2952	78	24	individuals.13	individuals.13	NOUN
cblr-2952	78	25	ordinary	ordinary	ADJ
cblr-2952	78	26	investors	investor	NOUN
cblr-2952	78	27	may	may	AUX
cblr-2952	78	28	not	not	PART
cblr-2952	78	29	necessarily	necessarily	ADV
cblr-2952	78	30	agree	agree	VERB
cblr-2952	78	31	with	with	ADP
cblr-2952	78	32	the	the	DET
cblr-2952	78	33	judgment	judgment	NOUN
cblr-2952	78	34	of	of	ADP
cblr-2952	78	35	their	their	PRON
cblr-2952	78	36	government	government	NOUN
cblr-2952	78	37	officials	official	NOUN
cblr-2952	78	38	.	.	PUNCT
cblr-2952	79	1	4	4	NUM
cblr-2952	79	2	there	there	PRON
cblr-2952	79	3	are	be	VERB
cblr-2952	79	4	benefits	benefit	NOUN
cblr-2952	79	5	to	to	ADP
cblr-2952	79	6	investing	invest	VERB
cblr-2952	79	7	in	in	ADP
cblr-2952	79	8	hedge	hedge	NOUN
cblr-2952	79	9	funds	fund	NOUN
cblr-2952	79	10	and	and	CCONJ
cblr-2952	79	11	private	private	ADJ
cblr-2952	79	12	equity	equity	NOUN
cblr-2952	79	13	that	that	PRON
cblr-2952	79	14	are	be	AUX
cblr-2952	79	15	not	not	PART
cblr-2952	79	16	available	available	ADJ
cblr-2952	79	17	with	with	ADP
cblr-2952	79	18	traditional	traditional	ADJ
cblr-2952	79	19	investments	investment	NOUN
cblr-2952	79	20	.	.	PUNCT
cblr-2952	80	1	indeed	indeed	ADV
cblr-2952	80	2	,	,	PUNCT
cblr-2952	80	3	the	the	DET
cblr-2952	80	4	success	success	NOUN
cblr-2952	80	5	of	of	ADP
cblr-2952	80	6	hedge	hedge	NOUN
cblr-2952	80	7	funds	fund	NOUN
cblr-2952	80	8	and	and	CCONJ
cblr-2952	80	9	private	private	ADJ
cblr-2952	80	10	equity	equity	NOUN
cblr-2952	80	11	is	be	AUX
cblr-2952	80	12	partly	partly	ADV
cblr-2952	80	13	attributable	attributable	ADJ
cblr-2952	80	14	to	to	ADP
cblr-2952	80	15	the	the	DET
cblr-2952	80	16	historical	historical	ADJ
cblr-2952	80	17	ability	ability	NOUN
cblr-2952	80	18	of	of	ADP
cblr-2952	80	19	some	some	PRON
cblr-2952	80	20	of	of	ADP
cblr-2952	80	21	these	these	DET
cblr-2952	80	22	funds	fund	NOUN
cblr-2952	80	23	to	to	PART
cblr-2952	80	24	earn	earn	VERB
cblr-2952	80	25	extraordinary	extraordinary	ADJ
cblr-2952	80	26	risk	risk	NOUN
cblr-2952	80	27	-	-	PUNCT
cblr-2952	80	28	adjusted	adjust	VERB
cblr-2952	80	29	positive	positive	ADJ
cblr-2952	80	30	returns	return	NOUN
cblr-2952	80	31	over	over	ADP
cblr-2952	80	32	other	other	ADJ
cblr-2952	80	33	investment	investment	NOUN
cblr-2952	80	34	classes	class	NOUN
cblr-2952	80	35	and	and	CCONJ
cblr-2952	80	36	strategies	strategy	NOUN
cblr-2952	80	37	.	.	PUNCT
cblr-2952	81	1	hedge	hedge	NOUN
cblr-2952	81	2	fund	fund	PROPN
cblr-2952	81	3	and	and	CCONJ
cblr-2952	81	4	private	private	ADJ
cblr-2952	81	5	equity	equity	NOUN
cblr-2952	81	6	investments	investment	NOUN
cblr-2952	81	7	include	include	VERB
cblr-2952	81	8	other	other	ADJ
cblr-2952	81	9	ostensible	ostensible	ADJ
cblr-2952	81	10	benefits	benefit	NOUN
cblr-2952	81	11	,	,	PUNCT
cblr-2952	81	12	such	such	ADJ
cblr-2952	81	13	as	as	ADP
cblr-2952	81	14	diversification	diversification	NOUN
cblr-2952	81	15	,	,	PUNCT
cblr-2952	81	16	more	more	ADV
cblr-2952	81	17	managed	manage	VERB
cblr-2952	81	18	risk	risk	NOUN
cblr-2952	81	19	,	,	PUNCT
cblr-2952	81	20	and	and	CCONJ
cblr-2952	81	21	the	the	DET
cblr-2952	81	22	ability	ability	NOUN
cblr-2952	81	23	to	to	PART
cblr-2952	81	24	leverage	leverage	VERB
cblr-2952	81	25	capital	capital	NOUN
cblr-2952	81	26	at	at	ADP
cblr-2952	81	27	a	a	DET
cblr-2952	81	28	lower	low	ADJ
cblr-2952	81	29	interest	interest	NOUN
cblr-2952	81	30	rate	rate	NOUN
cblr-2952	81	31	than	than	SCONJ
cblr-2952	81	32	the	the	DET
cblr-2952	81	33	average	average	ADJ
cblr-2952	81	34	investor	investor	NOUN
cblr-2952	81	35	would	would	AUX
cblr-2952	81	36	otherwise	otherwise	ADV
cblr-2952	81	37	be	be	AUX
cblr-2952	81	38	capable	capable	ADJ
cblr-2952	81	39	of	of	ADP
cblr-2952	81	40	or	or	CCONJ
cblr-2952	81	41	have	have	VERB
cblr-2952	81	42	access	access	NOUN
cblr-2952	81	43	to	to	ADP
cblr-2952	81	44	.	.	PUNCT
cblr-2952	81	45	"	"	PUNCT
cblr-2952	82	1	likely	likely	ADV
cblr-2952	82	2	because	because	SCONJ
cblr-2952	82	3	of	of	ADP
cblr-2952	82	4	these	these	DET
cblr-2952	82	5	perceived	perceive	VERB
cblr-2952	82	6	benefits	benefit	NOUN
cblr-2952	82	7	,	,	PUNCT
cblr-2952	82	8	this	this	DET
cblr-2952	82	9	article	article	NOUN
cblr-2952	82	10	finds	find	VERB
cblr-2952	82	11	evidence	evidence	NOUN
cblr-2952	82	12	of	of	ADP
cblr-2952	82	13	high	high	ADJ
cblr-2952	82	14	demand	demand	NOUN
cblr-2952	82	15	among	among	ADP
cblr-2952	82	16	individual	individual	ADJ
cblr-2952	82	17	investors	investor	NOUN
cblr-2952	82	18	for	for	ADP
cblr-2952	82	19	hedge	hedge	NOUN
cblr-2952	82	20	fund	fund	NOUN
cblr-2952	82	21	and	and	CCONJ
cblr-2952	82	22	private	private	ADJ
cblr-2952	82	23	equity	equity	NOUN
cblr-2952	82	24	investments	investment	NOUN
cblr-2952	82	25	.	.	PUNCT
cblr-2952	83	1	but	but	CCONJ
cblr-2952	83	2	there	there	PRON
cblr-2952	83	3	is	be	VERB
cblr-2952	83	4	no	no	DET
cblr-2952	83	5	supply	supply	NOUN
cblr-2952	83	6	for	for	ADP
cblr-2952	83	7	most	most	ADJ
cblr-2952	83	8	;	;	PUNCT
cblr-2952	83	9	it	it	PRON
cblr-2952	83	10	is	be	AUX
cblr-2952	83	11	effectively	effectively	ADV
cblr-2952	83	12	foreclosed	foreclose	VERB
cblr-2952	83	13	by	by	ADP
cblr-2952	83	14	u.s	u.s	PROPN
cblr-2952	83	15	.	.	PROPN
cblr-2952	83	16	regulation	regulation	NOUN
cblr-2952	83	17	.	.	PUNCT
cblr-2952	84	1	the	the	DET
cblr-2952	84	2	regulatorily	regulatorily	ADV
cblr-2952	84	3	created	create	VERB
cblr-2952	84	4	imbalance	imbalance	NOUN
cblr-2952	84	5	between	between	ADP
cblr-2952	84	6	supply	supply	NOUN
cblr-2952	84	7	and	and	CCONJ
cblr-2952	84	8	demand	demand	NOUN
cblr-2952	84	9	for	for	ADP
cblr-2952	84	10	these	these	DET
cblr-2952	84	11	investments	investment	NOUN
cblr-2952	84	12	has	have	AUX
cblr-2952	84	13	resulted	result	VERB
cblr-2952	84	14	in	in	ADP
cblr-2952	84	15	a	a	DET
cblr-2952	84	16	predicted	predict	VERB
cblr-2952	84	17	economic	economic	ADJ
cblr-2952	84	18	effect	effect	NOUN
cblr-2952	84	19	arising	arise	VERB
cblr-2952	84	20	upon	upon	SCONJ
cblr-2952	84	21	the	the	DET
cblr-2952	84	22	prohibition	prohibition	NOUN
cblr-2952	84	23	of	of	ADP
cblr-2952	84	24	a	a	DET
cblr-2952	84	25	desired	desire	VERB
cblr-2952	84	26	good	good	NOUN
cblr-2952	84	27	.	.	PUNCT
cblr-2952	85	1	average	average	ADJ
cblr-2952	85	2	investors	investor	NOUN
cblr-2952	85	3	substitute	substitute	VERB
cblr-2952	85	4	a	a	DET
cblr-2952	85	5	permitted	permit	VERB
cblr-2952	85	6	investment	investment	NOUN
cblr-2952	85	7	with	with	ADP
cblr-2952	85	8	characteristics	characteristic	NOUN
cblr-2952	85	9	as	as	ADV
cblr-2952	85	10	close	close	ADJ
cblr-2952	85	11	as	as	ADP
cblr-2952	85	12	possible	possible	ADJ
cblr-2952	85	13	to	to	PART
cblr-2952	85	14	hedge	hedge	VERB
cblr-2952	85	15	funds	fund	NOUN
cblr-2952	85	16	or	or	CCONJ
cblr-2952	85	17	private	private	ADJ
cblr-2952	85	18	equity	equity	NOUN
cblr-2952	85	19	.	.	PUNCT
cblr-2952	86	1	6	6	NUM
cblr-2952	86	2	this	this	PRON
cblr-2952	86	3	is	be	AUX
cblr-2952	86	4	an	an	DET
cblr-2952	86	5	effect	effect	NOUN
cblr-2952	86	6	this	this	DET
cblr-2952	86	7	article	article	NOUN
cblr-2952	86	8	terms	term	VERB
cblr-2952	86	9	black	black	ADJ
cblr-2952	86	10	"	"	PUNCT
cblr-2952	86	11	see	see	VERB
cblr-2952	86	12	prohibition	prohibition	NOUN
cblr-2952	86	13	of	of	ADP
cblr-2952	86	14	fraud	fraud	NOUN
cblr-2952	86	15	by	by	ADP
cblr-2952	86	16	advisers	adviser	NOUN
cblr-2952	86	17	to	to	ADP
cblr-2952	86	18	certain	certain	ADJ
cblr-2952	86	19	pooled	pool	VERB
cblr-2952	86	20	investment	investment	NOUN
cblr-2952	86	21	vehicles	vehicle	NOUN
cblr-2952	86	22	;	;	PUNCT
cblr-2952	86	23	accredited	accredit	VERB
cblr-2952	86	24	investors	investor	NOUN
cblr-2952	86	25	in	in	ADP
cblr-2952	86	26	certain	certain	ADJ
cblr-2952	86	27	private	private	ADJ
cblr-2952	86	28	investment	investment	NOUN
cblr-2952	86	29	vehicles	vehicle	NOUN
cblr-2952	86	30	,	,	PUNCT
cblr-2952	86	31	release	release	VERB
cblr-2952	86	32	no	no	NOUN
cblr-2952	86	33	.	.	NOUN
cblr-2952	86	34	33	33	NUM
cblr-2952	86	35	-	-	SYM
cblr-2952	86	36	8766	8766	NUM
cblr-2952	86	37	,	,	PUNCT
cblr-2952	86	38	%	%	INTJ
cblr-2952	86	39	87,736	87,736	NUM
cblr-2952	86	40	(	(	PUNCT
cblr-2952	86	41	dec	dec	PROPN
cblr-2952	86	42	.	.	PROPN
cblr-2952	86	43	27	27	NUM
cblr-2952	86	44	,	,	PUNCT
cblr-2952	86	45	2006	2006	NUM
cblr-2952	86	46	)	)	PUNCT
cblr-2952	87	1	[	[	X
cblr-2952	87	2	hereinafter	hereinafter	NOUN
cblr-2952	87	3	accredited	accredit	VERB
cblr-2952	87	4	investor	investor	NOUN
cblr-2952	87	5	proposing	propose	VERB
cblr-2952	87	6	release	release	NOUN
cblr-2952	87	7	]	]	PUNCT
cblr-2952	87	8	.	.	PUNCT
cblr-2952	88	1	i	i	PRON
cblr-2952	88	2	discuss	discuss	VERB
cblr-2952	88	3	this	this	DET
cblr-2952	88	4	regulatory	regulatory	ADJ
cblr-2952	88	5	proposal	proposal	NOUN
cblr-2952	88	6	infra	infra	NOUN
cblr-2952	88	7	notes	note	VERB
cblr-2952	88	8	141	141	NUM
cblr-2952	88	9	-	-	SYM
cblr-2952	88	10	143	143	NUM
cblr-2952	88	11	and	and	CCONJ
cblr-2952	88	12	accompanying	accompany	VERB
cblr-2952	88	13	text	text	NOUN
cblr-2952	88	14	.	.	PUNCT
cblr-2952	89	1	14	14	NUM
cblr-2952	89	2	for	for	ADP
cblr-2952	89	3	example	example	NOUN
cblr-2952	89	4	,	,	PUNCT
cblr-2952	89	5	the	the	DET
cblr-2952	89	6	sec	sec	PROPN
cblr-2952	89	7	recently	recently	ADV
cblr-2952	89	8	received	receive	VERB
cblr-2952	89	9	hundreds	hundred	NOUN
cblr-2952	89	10	of	of	ADP
cblr-2952	89	11	comment	comment	NOUN
cblr-2952	89	12	letters	letter	NOUN
cblr-2952	89	13	from	from	ADP
cblr-2952	89	14	individual	individual	ADJ
cblr-2952	89	15	investors	investor	NOUN
cblr-2952	89	16	objecting	object	VERB
cblr-2952	89	17	to	to	ADP
cblr-2952	89	18	the	the	DET
cblr-2952	89	19	sec	sec	PROPN
cblr-2952	89	20	's	's	PART
cblr-2952	89	21	proposal	proposal	NOUN
cblr-2952	89	22	to	to	PART
cblr-2952	89	23	raise	raise	VERB
cblr-2952	89	24	the	the	DET
cblr-2952	89	25	minimum	minimum	ADJ
cblr-2952	89	26	wealth	wealth	NOUN
cblr-2952	89	27	thresholds	threshold	NOUN
cblr-2952	89	28	for	for	ADP
cblr-2952	89	29	investment	investment	NOUN
cblr-2952	89	30	in	in	ADP
cblr-2952	89	31	hedge	hedge	NOUN
cblr-2952	89	32	funds	fund	NOUN
cblr-2952	89	33	and	and	CCONJ
cblr-2952	89	34	private	private	ADJ
cblr-2952	89	35	equity	equity	NOUN
cblr-2952	89	36	over	over	ADP
cblr-2952	89	37	and	and	CCONJ
cblr-2952	89	38	above	above	ADP
cblr-2952	89	39	the	the	DET
cblr-2952	89	40	traditional	traditional	ADJ
cblr-2952	89	41	accredited	accredit	VERB
cblr-2952	89	42	investor	investor	NOUN
cblr-2952	89	43	limitations	limitation	NOUN
cblr-2952	89	44	.	.	PUNCT
cblr-2952	90	1	see	see	VERB
cblr-2952	90	2	kara	kara	PROPN
cblr-2952	90	3	schnell	schnell	PROPN
cblr-2952	90	4	,	,	PUNCT
cblr-2952	90	5	on	on	ADP
cblr-2952	90	6	the	the	DET
cblr-2952	90	7	outside	outside	NOUN
cblr-2952	90	8	of	of	ADP
cblr-2952	90	9	hedge	hedge	NOUN
cblr-2952	90	10	funds	fund	NOUN
cblr-2952	90	11	looking	look	VERB
cblr-2952	90	12	in	in	ADP
cblr-2952	90	13	,	,	PUNCT
cblr-2952	90	14	wall	wall	PROPN
cblr-2952	90	15	st	st	PROPN
cblr-2952	90	16	.	.	PROPN
cblr-2952	90	17	j.	j.	PROPN
cblr-2952	90	18	,	,	PUNCT
cblr-2952	90	19	sept	sept	PROPN
cblr-2952	90	20	.	.	PROPN
cblr-2952	90	21	1	1	NUM
cblr-2952	90	22	,	,	PUNCT
cblr-2952	90	23	2007	2007	NUM
cblr-2952	90	24	,	,	PUNCT
cblr-2952	90	25	at	at	ADP
cblr-2952	90	26	b1	b1	NOUN
cblr-2952	90	27	.	.	PUNCT
cblr-2952	91	1	'	'	NUM
cblr-2952	91	2	5	5	NUM
cblr-2952	91	3	for	for	ADP
cblr-2952	91	4	a	a	DET
cblr-2952	91	5	further	further	ADJ
cblr-2952	91	6	discussion	discussion	NOUN
cblr-2952	91	7	of	of	ADP
cblr-2952	91	8	these	these	DET
cblr-2952	91	9	benefits	benefit	NOUN
cblr-2952	91	10	,	,	PUNCT
cblr-2952	91	11	see	see	VERB
cblr-2952	91	12	infra	infra	NOUN
cblr-2952	91	13	part	part	NOUN
cblr-2952	91	14	i.	i.	PROPN
cblr-2952	91	15	16	16	NUM
cblr-2952	91	16	investors	investor	NOUN
cblr-2952	91	17	also	also	ADV
cblr-2952	91	18	purchase	purchase	VERB
cblr-2952	91	19	these	these	DET
cblr-2952	91	20	investments	investment	NOUN
cblr-2952	91	21	through	through	ADP
cblr-2952	91	22	surreptitious	surreptitious	ADJ
cblr-2952	91	23	means	mean	NOUN
cblr-2952	91	24	on	on	ADP
cblr-2952	91	25	a	a	DET
cblr-2952	91	26	true	true	ADJ
cblr-2952	91	27	black	black	ADJ
cblr-2952	91	28	market	market	NOUN
cblr-2952	91	29	.	.	PUNCT
cblr-2952	92	1	they	they	PRON
cblr-2952	92	2	alternatively	alternatively	ADV
cblr-2952	92	3	make	make	VERB
cblr-2952	92	4	foreign	foreign	ADJ
cblr-2952	92	5	purchases	purchase	NOUN
cblr-2952	92	6	where	where	SCONJ
cblr-2952	92	7	these	these	DET
cblr-2952	92	8	public	public	ADJ
cblr-2952	92	9	investments	investment	NOUN
cblr-2952	92	10	are	be	AUX
cblr-2952	92	11	legally	legally	ADV
cblr-2952	92	12	permitted	permit	VERB
cblr-2952	92	13	.	.	PUNCT
cblr-2952	93	1	[	[	X
cblr-2952	93	2	vol	vol	NOUN
cblr-2952	93	3	.	.	NOUN
cblr-2952	93	4	2008	2008	NUM
cblr-2952	93	5	market	market	NOUN
cblr-2952	93	6	capital	capital	NOUN
cblr-2952	93	7	.	.	PUNCT
cblr-2952	94	1	17	17	NUM
cblr-2952	94	2	for	for	ADP
cblr-2952	94	3	example	example	NOUN
cblr-2952	94	4	,	,	PUNCT
cblr-2952	94	5	public	public	ADJ
cblr-2952	94	6	investors	investor	NOUN
cblr-2952	94	7	have	have	AUX
cblr-2952	94	8	eagerly	eagerly	ADV
cblr-2952	94	9	invested	invest	VERB
cblr-2952	94	10	in	in	ADP
cblr-2952	94	11	initial	initial	ADJ
cblr-2952	94	12	public	public	ADJ
cblr-2952	94	13	offerings	offering	NOUN
cblr-2952	94	14	of	of	ADP
cblr-2952	94	15	hedge	hedge	NOUN
cblr-2952	94	16	fund	fund	NOUN
cblr-2952	94	17	and	and	CCONJ
cblr-2952	94	18	private	private	ADJ
cblr-2952	94	19	equity	equity	NOUN
cblr-2952	94	20	advisers	adviser	NOUN
cblr-2952	94	21	,	,	PUNCT
cblr-2952	94	22	both	both	CCONJ
cblr-2952	94	23	permissible	permissible	ADJ
cblr-2952	94	24	public	public	ADJ
cblr-2952	94	25	investments	investment	NOUN
cblr-2952	94	26	which	which	PRON
cblr-2952	94	27	have	have	AUX
cblr-2952	94	28	been	be	AUX
cblr-2952	94	29	marketed	market	VERB
cblr-2952	94	30	as	as	ADP
cblr-2952	94	31	hedge	hedge	NOUN
cblr-2952	94	32	fund	fund	NOUN
cblr-2952	94	33	or	or	CCONJ
cblr-2952	94	34	private	private	ADJ
cblr-2952	94	35	equity	equity	NOUN
cblr-2952	94	36	substitutes.18	substitutes.18	NOUN
cblr-2952	94	37	this	this	PRON
cblr-2952	94	38	is	be	AUX
cblr-2952	94	39	not	not	PART
cblr-2952	94	40	only	only	ADJ
cblr-2952	94	41	evidence	evidence	NOUN
cblr-2952	94	42	of	of	ADP
cblr-2952	94	43	black	black	ADJ
cblr-2952	94	44	market	market	NOUN
cblr-2952	94	45	capital	capital	NOUN
cblr-2952	94	46	,	,	PUNCT
cblr-2952	94	47	but	but	CCONJ
cblr-2952	94	48	it	it	PRON
cblr-2952	94	49	is	be	AUX
cblr-2952	94	50	an	an	DET
cblr-2952	94	51	irrational	irrational	ADJ
cblr-2952	94	52	effect	effect	NOUN
cblr-2952	94	53	of	of	ADP
cblr-2952	94	54	sec	sec	PROPN
cblr-2952	94	55	regulation	regulation	NOUN
cblr-2952	94	56	.	.	PUNCT
cblr-2952	95	1	hedge	hedge	NOUN
cblr-2952	95	2	fund	fund	PROPN
cblr-2952	95	3	and	and	CCONJ
cblr-2952	95	4	private	private	ADJ
cblr-2952	95	5	equity	equity	NOUN
cblr-2952	95	6	advisers	adviser	NOUN
cblr-2952	95	7	appear	appear	VERB
cblr-2952	95	8	to	to	PART
cblr-2952	95	9	be	be	AUX
cblr-2952	95	10	riskier	risky	ADJ
cblr-2952	95	11	and	and	CCONJ
cblr-2952	95	12	less	less	ADV
cblr-2952	95	13	-	-	PUNCT
cblr-2952	95	14	suitable	suitable	ADJ
cblr-2952	95	15	investments	investment	NOUN
cblr-2952	95	16	than	than	ADP
cblr-2952	95	17	an	an	DET
cblr-2952	95	18	investment	investment	NOUN
cblr-2952	95	19	in	in	ADP
cblr-2952	95	20	the	the	DET
cblr-2952	95	21	funds	fund	NOUN
cblr-2952	95	22	of	of	ADP
cblr-2952	95	23	these	these	DET
cblr-2952	95	24	managers	manager	NOUN
cblr-2952	95	25	themselves.19	themselves.19	VERB
cblr-2952	95	26	the	the	DET
cblr-2952	95	27	result	result	NOUN
cblr-2952	95	28	is	be	AUX
cblr-2952	95	29	an	an	DET
cblr-2952	95	30	unwelcome	unwelcome	ADJ
cblr-2952	95	31	distortion	distortion	NOUN
cblr-2952	95	32	to	to	ADP
cblr-2952	95	33	the	the	DET
cblr-2952	95	34	structure	structure	NOUN
cblr-2952	95	35	of	of	ADP
cblr-2952	95	36	our	our	PRON
cblr-2952	95	37	capital	capital	NOUN
cblr-2952	95	38	markets	market	NOUN
cblr-2952	95	39	.	.	PUNCT
cblr-2952	96	1	another	another	DET
cblr-2952	96	2	example	example	NOUN
cblr-2952	96	3	of	of	ADP
cblr-2952	96	4	this	this	PRON
cblr-2952	96	5	comes	come	VERB
cblr-2952	96	6	from	from	ADP
cblr-2952	96	7	special	special	ADJ
cblr-2952	96	8	purpose	purpose	NOUN
cblr-2952	96	9	acquisition	acquisition	NOUN
cblr-2952	96	10	companies	company	NOUN
cblr-2952	96	11	(	(	PUNCT
cblr-2952	96	12	"	"	PUNCT
cblr-2952	96	13	spacs	spac	NOUN
cblr-2952	96	14	"	"	PUNCT
cblr-2952	96	15	)	)	PUNCT
cblr-2952	96	16	.	.	PUNCT
cblr-2952	97	1	a	a	DET
cblr-2952	97	2	spac	spac	NOUN
cblr-2952	97	3	is	be	AUX
cblr-2952	97	4	a	a	DET
cblr-2952	97	5	public	public	ADJ
cblr-2952	97	6	derivative	derivative	ADJ
cblr-2952	97	7	form	form	NOUN
cblr-2952	97	8	of	of	ADP
cblr-2952	97	9	private	private	ADJ
cblr-2952	97	10	equity	equity	NOUN
cblr-2952	97	11	which	which	PRON
cblr-2952	97	12	has	have	AUX
cblr-2952	97	13	been	be	AUX
cblr-2952	97	14	touted	tout	VERB
cblr-2952	97	15	to	to	ADP
cblr-2952	97	16	investors	investor	NOUN
cblr-2952	97	17	on	on	ADP
cblr-2952	97	18	this	this	DET
cblr-2952	97	19	basis	basis	NOUN
cblr-2952	97	20	.	.	PUNCT
cblr-2952	98	1	°	°	ADP
cblr-2952	98	2	in	in	ADP
cblr-2952	98	3	2007	2007	NUM
cblr-2952	98	4	,	,	PUNCT
cblr-2952	98	5	there	there	PRON
cblr-2952	98	6	were	be	VERB
cblr-2952	98	7	sixty	sixty	NUM
cblr-2952	98	8	-	-	PUNCT
cblr-2952	98	9	six	six	NUM
cblr-2952	98	10	initial	initial	ADJ
cblr-2952	98	11	public	public	ADJ
cblr-2952	98	12	offerings	offering	NOUN
cblr-2952	98	13	raising	raise	VERB
cblr-2952	98	14	$	$	SYM
cblr-2952	98	15	12.02	12.02	NUM
cblr-2952	98	16	billion	billion	NUM
cblr-2952	98	17	by	by	ADP
cblr-2952	98	18	spacs	spac	NOUN
cblr-2952	98	19	comprising	comprise	VERB
cblr-2952	98	20	twenty	twenty	NUM
cblr-2952	98	21	-	-	PUNCT
cblr-2952	98	22	five	five	NUM
cblr-2952	98	23	percent	percent	NOUN
cblr-2952	98	24	of	of	ADP
cblr-2952	98	25	all	all	DET
cblr-2952	98	26	u.s	u.s	PROPN
cblr-2952	98	27	.	.	PROPN
cblr-2952	98	28	initial	initial	ADJ
cblr-2952	98	29	public	public	ADJ
cblr-2952	98	30	offerings	offering	NOUN
cblr-2952	98	31	for	for	ADP
cblr-2952	98	32	that	that	DET
cblr-2952	98	33	year	year	NOUN
cblr-2952	98	34	and	and	CCONJ
cblr-2952	98	35	twenty	twenty	NUM
cblr-2952	98	36	percent	percent	NOUN
cblr-2952	98	37	of	of	ADP
cblr-2952	98	38	the	the	DET
cblr-2952	98	39	aggregate	aggregate	ADJ
cblr-2952	98	40	money	money	NOUN
cblr-2952	98	41	raised.2	raised.2	ADP
cblr-2952	98	42	the	the	DET
cblr-2952	98	43	recent	recent	ADJ
cblr-2952	98	44	popularity	popularity	NOUN
cblr-2952	98	45	of	of	ADP
cblr-2952	98	46	spacs	spac	NOUN
cblr-2952	98	47	,	,	PUNCT
cblr-2952	98	48	which	which	PRON
cblr-2952	98	49	are	be	AUX
cblr-2952	98	50	a	a	DET
cblr-2952	98	51	controversial	controversial	ADJ
cblr-2952	98	52	investment	investment	NOUN
cblr-2952	98	53	class	class	NOUN
cblr-2952	98	54	due	due	ADP
cblr-2952	98	55	to	to	ADP
cblr-2952	98	56	their	their	PRON
cblr-2952	98	57	high	high	ADJ
cblr-2952	98	58	risk	risk	NOUN
cblr-2952	98	59	characteristics	characteristic	NOUN
cblr-2952	98	60	,	,	PUNCT
cblr-2952	98	61	again	again	ADV
cblr-2952	98	62	appears	appear	VERB
cblr-2952	98	63	due	due	ADJ
cblr-2952	98	64	almost	almost	ADV
cblr-2952	98	65	wholly	wholly	ADV
cblr-2952	98	66	to	to	ADP
cblr-2952	98	67	investor	investor	NOUN
cblr-2952	98	68	demand	demand	NOUN
cblr-2952	98	69	for	for	ADP
cblr-2952	98	70	"	"	PUNCT
cblr-2952	98	71	private	private	ADJ
cblr-2952	98	72	equity	equity	NOUN
cblr-2952	98	73	-	-	PUNCT
cblr-2952	98	74	type	type	NOUN
cblr-2952	98	75	"	"	PUNCT
cblr-2952	98	76	investment.2	investment.2	NOUN
cblr-2952	98	77	'	'	PUNCT
cblr-2952	98	78	these	these	PRON
cblr-2952	98	79	and	and	CCONJ
cblr-2952	98	80	other	other	ADJ
cblr-2952	98	81	illustrations	illustration	NOUN
cblr-2952	98	82	will	will	AUX
cblr-2952	98	83	be	be	AUX
cblr-2952	98	84	detailed	detail	VERB
cblr-2952	98	85	in	in	ADP
cblr-2952	98	86	this	this	DET
cblr-2952	98	87	article	article	NOUN
cblr-2952	98	88	to	to	PART
cblr-2952	98	89	reveal	reveal	VERB
cblr-2952	98	90	the	the	DET
cblr-2952	98	91	apparent	apparent	ADJ
cblr-2952	98	92	irrationality	irrationality	NOUN
cblr-2952	98	93	,	,	PUNCT
cblr-2952	98	94	out	out	ADV
cblr-2952	98	95	-	-	PUNCT
cblr-2952	98	96	datedness	datedness	PROPN
cblr-2952	98	97	and	and	CCONJ
cblr-2952	98	98	possible	possible	ADJ
cblr-2952	98	99	adverse	adverse	ADJ
cblr-2952	98	100	market	market	NOUN
cblr-2952	98	101	effects	effect	NOUN
cblr-2952	98	102	engendered	engender	VERB
cblr-2952	98	103	by	by	ADP
cblr-2952	98	104	current	current	ADJ
cblr-2952	98	105	sec	sec	PROPN
cblr-2952	98	106	investment	investment	NOUN
cblr-2952	98	107	company	company	NOUN
cblr-2952	98	108	regulation	regulation	NOUN
cblr-2952	98	109	.	.	PUNCT
cblr-2952	99	1	a	a	DET
cblr-2952	99	2	secondary	secondary	ADJ
cblr-2952	99	3	or	or	CCONJ
cblr-2952	99	4	"	"	PUNCT
cblr-2952	99	5	gray	gray	ADJ
cblr-2952	99	6	"	"	PUNCT
cblr-2952	99	7	market	market	NOUN
cblr-2952	99	8	is	be	AUX
cblr-2952	99	9	an	an	DET
cblr-2952	99	10	inevitable	inevitable	ADJ
cblr-2952	99	11	consequence	consequence	NOUN
cblr-2952	99	12	of	of	ADP
cblr-2952	99	13	any	any	DET
cblr-2952	99	14	prohibitory	prohibitory	NOUN
cblr-2952	99	15	or	or	CCONJ
cblr-2952	99	16	burdensome	burdensome	ADJ
cblr-2952	99	17	regulation	regulation	NOUN
cblr-2952	99	18	.	.	PUNCT
cblr-2952	100	1	yet	yet	ADV
cblr-2952	100	2	,	,	PUNCT
cblr-2952	100	3	the	the	DET
cblr-2952	100	4	sec	sec	PROPN
cblr-2952	100	5	has	have	AUX
cblr-2952	100	6	failed	fail	VERB
cblr-2952	100	7	to	to	PART
cblr-2952	100	8	wholly	wholly	ADV
cblr-2952	100	9	acknowledge	acknowledge	VERB
cblr-2952	100	10	the	the	DET
cblr-2952	100	11	negative	negative	ADJ
cblr-2952	100	12	social	social	ADJ
cblr-2952	100	13	costs	cost	NOUN
cblr-2952	100	14	of	of	ADP
cblr-2952	100	15	black	black	ADJ
cblr-2952	100	16	market	market	NOUN
cblr-2952	100	17	capital	capital	NOUN
cblr-2952	100	18	.	.	PUNCT
cblr-2952	101	1	in	in	ADP
cblr-2952	101	2	this	this	DET
cblr-2952	101	3	vein	vein	NOUN
cblr-2952	101	4	,	,	PUNCT
cblr-2952	101	5	the	the	DET
cblr-2952	101	6	sec	sec	PROPN
cblr-2952	101	7	has	have	VERB
cblr-2952	101	8	yet	yet	ADV
cblr-2952	101	9	to	to	PART
cblr-2952	101	10	undertake	undertake	VERB
cblr-2952	101	11	any	any	DET
cblr-2952	101	12	cost	cost	NOUN
cblr-2952	101	13	-	-	PUNCT
cblr-2952	101	14	benefit	benefit	NOUN
cblr-2952	101	15	analysis	analysis	NOUN
cblr-2952	101	16	of	of	ADP
cblr-2952	101	17	its	its	PRON
cblr-2952	101	18	effective	effective	ADJ
cblr-2952	101	19	prohibi12	prohibi12	NOUN
cblr-2952	101	20	however	however	ADV
cblr-2952	101	21	,	,	PUNCT
cblr-2952	101	22	unlike	unlike	ADP
cblr-2952	101	23	a	a	DET
cblr-2952	101	24	true	true	ADJ
cblr-2952	101	25	black	black	ADJ
cblr-2952	101	26	market	market	NOUN
cblr-2952	101	27	,	,	PUNCT
cblr-2952	101	28	these	these	DET
cblr-2952	101	29	substitute	substitute	NOUN
cblr-2952	101	30	investments	investment	NOUN
cblr-2952	101	31	are	be	AUX
cblr-2952	101	32	legal	legal	ADJ
cblr-2952	101	33	.	.	PUNCT
cblr-2952	102	1	"	"	PUNCT
cblr-2952	102	2	8	8	NUM
cblr-2952	102	3	see	see	VERB
cblr-2952	102	4	infra	infra	NOUN
cblr-2952	102	5	notes	note	VERB
cblr-2952	102	6	161	161	NUM
cblr-2952	102	7	-	-	SYM
cblr-2952	102	8	165	165	NUM
cblr-2952	102	9	and	and	CCONJ
cblr-2952	102	10	accompanying	accompany	VERB
cblr-2952	102	11	text	text	NOUN
cblr-2952	102	12	.	.	PUNCT
cblr-2952	103	1	hedge	hedge	NOUN
cblr-2952	103	2	fund	fund	PROPN
cblr-2952	103	3	and	and	CCONJ
cblr-2952	103	4	private	private	ADJ
cblr-2952	103	5	equity	equity	NOUN
cblr-2952	103	6	advisers	adviser	NOUN
cblr-2952	103	7	are	be	AUX
cblr-2952	103	8	the	the	DET
cblr-2952	103	9	managers	manager	NOUN
cblr-2952	103	10	of	of	ADP
cblr-2952	103	11	hedge	hedge	NOUN
cblr-2952	103	12	funds	fund	NOUN
cblr-2952	103	13	and	and	CCONJ
cblr-2952	103	14	private	private	ADJ
cblr-2952	103	15	equity	equity	NOUN
cblr-2952	103	16	funds	fund	NOUN
cblr-2952	103	17	;	;	PUNCT
cblr-2952	103	18	they	they	PRON
cblr-2952	103	19	establish	establish	VERB
cblr-2952	103	20	,	,	PUNCT
cblr-2952	103	21	administer	administer	NOUN
cblr-2952	103	22	and	and	CCONJ
cblr-2952	103	23	invest	invest	VERB
cblr-2952	103	24	these	these	DET
cblr-2952	103	25	funds	fund	NOUN
cblr-2952	103	26	.	.	PUNCT
cblr-2952	104	1	i	i	PRON
cblr-2952	104	2	further	far	ADV
cblr-2952	104	3	discuss	discuss	VERB
cblr-2952	104	4	their	their	PRON
cblr-2952	104	5	role	role	NOUN
cblr-2952	104	6	infra	infra	NOUN
cblr-2952	104	7	at	at	ADP
cblr-2952	104	8	part	part	NOUN
cblr-2952	104	9	iv.a	iv.a	NOUN
cblr-2952	104	10	.	.	PUNCT
cblr-2952	105	1	'	'	PUNCT
cblr-2952	106	1	9	9	NUM
cblr-2952	106	2	i	i	PRON
cblr-2952	106	3	discuss	discuss	VERB
cblr-2952	106	4	this	this	DET
cblr-2952	106	5	further	further	ADJ
cblr-2952	106	6	infra	infra	NOUN
cblr-2952	106	7	at	at	ADP
cblr-2952	106	8	part	part	NOUN
cblr-2952	106	9	v.a	v.a	PROPN
cblr-2952	106	10	.	.	PROPN
cblr-2952	106	11	2o	2o	NOUN
cblr-2952	106	12	for	for	ADP
cblr-2952	106	13	a	a	DET
cblr-2952	106	14	discussion	discussion	NOUN
cblr-2952	106	15	of	of	ADP
cblr-2952	106	16	the	the	DET
cblr-2952	106	17	organizational	organizational	ADJ
cblr-2952	106	18	structure	structure	NOUN
cblr-2952	106	19	of	of	ADP
cblr-2952	106	20	spacs	spac	NOUN
cblr-2952	106	21	,	,	PUNCT
cblr-2952	106	22	see	see	VERB
cblr-2952	106	23	infra	infra	NOUN
cblr-2952	106	24	notes	note	VERB
cblr-2952	106	25	170	170	NUM
cblr-2952	106	26	-	-	SYM
cblr-2952	106	27	177	177	NUM
cblr-2952	106	28	and	and	CCONJ
cblr-2952	106	29	accompanying	accompany	VERB
cblr-2952	106	30	text	text	NOUN
cblr-2952	106	31	.	.	PUNCT
cblr-2952	107	1	21	21	NUM
cblr-2952	107	2	dealogic	dealogic	ADJ
cblr-2952	107	3	database	database	NOUN
cblr-2952	107	4	(	(	PUNCT
cblr-2952	107	5	search	search	NOUN
cblr-2952	107	6	data	datum	NOUN
cblr-2952	107	7	on	on	ADP
cblr-2952	107	8	file	file	NOUN
cblr-2952	107	9	with	with	ADP
cblr-2952	107	10	author	author	NOUN
cblr-2952	107	11	)	)	PUNCT
cblr-2952	107	12	.	.	PUNCT
cblr-2952	108	1	22	22	NUM
cblr-2952	108	2	see	see	VERB
cblr-2952	108	3	infra	infra	NOUN
cblr-2952	108	4	at	at	ADP
cblr-2952	108	5	part	part	NOUN
cblr-2952	108	6	iv.a	iv.a	NOUN
cblr-2952	108	7	.	.	PUNCT
cblr-2952	109	1	no	no	INTJ
cblr-2952	109	2	.	.	NOUN
cblr-2952	110	1	1	1	NUM
cblr-2952	110	2	:	:	SYM
cblr-2952	110	3	172	172	NUM
cblr-2952	110	4	]	]	X
cblr-2952	110	5	black	black	ADJ
cblr-2952	110	6	market	market	NOUN
cblr-2952	110	7	capital	capital	PROPN
cblr-2952	110	8	columbia	columbia	PROPN
cblr-2952	110	9	business	business	PROPN
cblr-2952	110	10	law	law	PROPN
cblr-2952	110	11	review	review	NOUN
cblr-2952	110	12	tion	tion	NOUN
cblr-2952	110	13	on	on	ADP
cblr-2952	110	14	the	the	DET
cblr-2952	110	15	public	public	ADJ
cblr-2952	110	16	offering	offering	NOUN
cblr-2952	110	17	of	of	ADP
cblr-2952	110	18	hedge	hedge	NOUN
cblr-2952	110	19	funds	fund	NOUN
cblr-2952	110	20	and	and	CCONJ
cblr-2952	110	21	private	private	ADJ
cblr-2952	110	22	equity	equity	NOUN
cblr-2952	110	23	funds.23	funds.23	NOUN
cblr-2952	110	24	by	by	ADP
cblr-2952	110	25	highlighting	highlight	VERB
cblr-2952	110	26	the	the	DET
cblr-2952	110	27	problem	problem	NOUN
cblr-2952	110	28	of	of	ADP
cblr-2952	110	29	black	black	ADJ
cblr-2952	110	30	market	market	NOUN
cblr-2952	110	31	capital	capital	NOUN
cblr-2952	110	32	,	,	PUNCT
cblr-2952	110	33	this	this	DET
cblr-2952	110	34	article	article	NOUN
cblr-2952	110	35	exposes	expose	VERB
cblr-2952	110	36	this	this	DET
cblr-2952	110	37	sec	sec	PROPN
cblr-2952	110	38	regulatory	regulatory	ADJ
cblr-2952	110	39	failure	failure	NOUN
cblr-2952	110	40	.	.	PUNCT
cblr-2952	111	1	all	all	DET
cblr-2952	111	2	regulation	regulation	NOUN
cblr-2952	111	3	has	have	VERB
cblr-2952	111	4	costs	cost	NOUN
cblr-2952	111	5	.	.	PUNCT
cblr-2952	112	1	this	this	DET
cblr-2952	112	2	axiom	axiom	NOUN
cblr-2952	112	3	applies	apply	VERB
cblr-2952	112	4	to	to	ADP
cblr-2952	112	5	the	the	DET
cblr-2952	112	6	sec	sec	PROPN
cblr-2952	112	7	's	's	PART
cblr-2952	112	8	current	current	ADJ
cblr-2952	112	9	regulatory	regulatory	ADJ
cblr-2952	112	10	scheme	scheme	NOUN
cblr-2952	112	11	for	for	ADP
cblr-2952	112	12	both	both	DET
cblr-2952	112	13	hedge	hedge	NOUN
cblr-2952	112	14	funds	fund	NOUN
cblr-2952	112	15	and	and	CCONJ
cblr-2952	112	16	private	private	ADJ
cblr-2952	112	17	equity	equity	NOUN
cblr-2952	112	18	.	.	PUNCT
cblr-2952	113	1	accordingly	accordingly	ADV
cblr-2952	113	2	,	,	PUNCT
cblr-2952	113	3	if	if	SCONJ
cblr-2952	113	4	it	it	PRON
cblr-2952	113	5	is	be	AUX
cblr-2952	113	6	to	to	PART
cblr-2952	113	7	remain	remain	VERB
cblr-2952	113	8	,	,	PUNCT
cblr-2952	113	9	the	the	DET
cblr-2952	113	10	sec	sec	PROPN
cblr-2952	113	11	should	should	AUX
cblr-2952	113	12	justify	justify	VERB
cblr-2952	113	13	it	it	PRON
cblr-2952	113	14	by	by	ADP
cblr-2952	113	15	conducting	conduct	VERB
cblr-2952	113	16	a	a	DET
cblr-2952	113	17	thorough	thorough	ADJ
cblr-2952	113	18	cost	cost	NOUN
cblr-2952	113	19	-	-	PUNCT
cblr-2952	113	20	benefit	benefit	NOUN
cblr-2952	113	21	study	study	NOUN
cblr-2952	113	22	of	of	ADP
cblr-2952	113	23	public	public	ADJ
cblr-2952	113	24	investment	investment	NOUN
cblr-2952	113	25	in	in	ADP
cblr-2952	113	26	hedge	hedge	NOUN
cblr-2952	113	27	funds	fund	NOUN
cblr-2952	113	28	and	and	CCONJ
cblr-2952	113	29	private	private	ADJ
cblr-2952	113	30	equity	equity	NOUN
cblr-2952	113	31	as	as	ADV
cblr-2952	113	32	well	well	ADV
cblr-2952	113	33	as	as	ADP
cblr-2952	113	34	black	black	ADJ
cblr-2952	113	35	market	market	NOUN
cblr-2952	113	36	capital	capital	NOUN
cblr-2952	113	37	investments.24	investments.24	NOUN
cblr-2952	113	38	in	in	ADP
cblr-2952	113	39	the	the	DET
cblr-2952	113	40	final	final	ADJ
cblr-2952	113	41	part	part	NOUN
cblr-2952	113	42	of	of	ADP
cblr-2952	113	43	this	this	DET
cblr-2952	113	44	article	article	NOUN
cblr-2952	113	45	,	,	PUNCT
cblr-2952	113	46	i	i	PRON
cblr-2952	113	47	survey	survey	VERB
cblr-2952	113	48	the	the	DET
cblr-2952	113	49	available	available	ADJ
cblr-2952	113	50	evidence	evidence	NOUN
cblr-2952	113	51	informing	inform	VERB
cblr-2952	113	52	this	this	DET
cblr-2952	113	53	question	question	NOUN
cblr-2952	113	54	,	,	PUNCT
cblr-2952	113	55	rephrasing	rephrase	VERB
cblr-2952	113	56	it	it	PRON
cblr-2952	113	57	as	as	ADP
cblr-2952	113	58	one	one	PRON
cblr-2952	113	59	going	go	VERB
cblr-2952	113	60	to	to	ADP
cblr-2952	113	61	whether	whether	SCONJ
cblr-2952	113	62	the	the	DET
cblr-2952	113	63	sec	sec	PROPN
cblr-2952	113	64	should	should	AUX
cblr-2952	113	65	adopt	adopt	VERB
cblr-2952	113	66	an	an	DET
cblr-2952	113	67	open	open	ADJ
cblr-2952	113	68	market	market	NOUN
cblr-2952	113	69	solutionregulation	solutionregulation	NOUN
cblr-2952	113	70	permissive	permissive	ADJ
cblr-2952	113	71	of	of	ADP
cblr-2952	113	72	the	the	DET
cblr-2952	113	73	public	public	ADJ
cblr-2952	113	74	offer	offer	NOUN
cblr-2952	113	75	of	of	ADP
cblr-2952	113	76	,	,	PUNCT
cblr-2952	113	77	and	and	CCONJ
cblr-2952	113	78	investment	investment	NOUN
cblr-2952	113	79	in	in	ADP
cblr-2952	113	80	,	,	PUNCT
cblr-2952	113	81	hedge	hedge	NOUN
cblr-2952	113	82	funds	fund	NOUN
cblr-2952	113	83	and	and	CCONJ
cblr-2952	113	84	private	private	ADJ
cblr-2952	113	85	equity	equity	NOUN
cblr-2952	113	86	.	.	PUNCT
cblr-2952	114	1	i	i	PRON
cblr-2952	114	2	find	find	VERB
cblr-2952	114	3	that	that	SCONJ
cblr-2952	114	4	the	the	DET
cblr-2952	114	5	benefits	benefit	NOUN
cblr-2952	114	6	of	of	ADP
cblr-2952	114	7	adopting	adopt	VERB
cblr-2952	114	8	an	an	DET
cblr-2952	114	9	open	open	ADJ
cblr-2952	114	10	market	market	NOUN
cblr-2952	114	11	solution	solution	NOUN
cblr-2952	114	12	appear	appear	VERB
cblr-2952	114	13	to	to	PART
cblr-2952	114	14	prospectively	prospectively	ADV
cblr-2952	114	15	outweigh	outweigh	VERB
cblr-2952	114	16	the	the	DET
cblr-2952	114	17	possible	possible	ADJ
cblr-2952	114	18	costs	cost	NOUN
cblr-2952	114	19	and	and	CCONJ
cblr-2952	114	20	other	other	ADJ
cblr-2952	114	21	objections	objection	NOUN
cblr-2952	114	22	.	.	PUNCT
cblr-2952	115	1	moreover	moreover	ADV
cblr-2952	115	2	,	,	PUNCT
cblr-2952	115	3	this	this	DET
cblr-2952	115	4	weighing	weigh	VERB
cblr-2952	115	5	highlights	highlight	NOUN
cblr-2952	115	6	the	the	DET
cblr-2952	115	7	apparent	apparent	ADJ
cblr-2952	115	8	superiority	superiority	NOUN
cblr-2952	115	9	of	of	ADP
cblr-2952	115	10	the	the	DET
cblr-2952	115	11	open	open	ADJ
cblr-2952	115	12	market	market	NOUN
cblr-2952	115	13	solution	solution	NOUN
cblr-2952	115	14	to	to	ADP
cblr-2952	115	15	the	the	DET
cblr-2952	115	16	current	current	ADJ
cblr-2952	115	17	regime	regime	NOUN
cblr-2952	115	18	.	.	PUNCT
cblr-2952	116	1	this	this	DET
cblr-2952	116	2	solution	solution	NOUN
cblr-2952	116	3	would	would	AUX
cblr-2952	116	4	not	not	PART
cblr-2952	116	5	only	only	ADV
cblr-2952	116	6	end	end	VERB
cblr-2952	116	7	a	a	DET
cblr-2952	116	8	primary	primary	ADJ
cblr-2952	116	9	force	force	NOUN
cblr-2952	116	10	driving	drive	VERB
cblr-2952	116	11	black	black	ADJ
cblr-2952	116	12	market	market	NOUN
cblr-2952	116	13	capital	capital	NOUN
cblr-2952	116	14	,	,	PUNCT
cblr-2952	116	15	but	but	CCONJ
cblr-2952	116	16	would	would	AUX
cblr-2952	116	17	also	also	ADV
cblr-2952	116	18	permit	permit	VERB
cblr-2952	116	19	average	average	ADJ
cblr-2952	116	20	investors	investor	NOUN
cblr-2952	116	21	to	to	PART
cblr-2952	116	22	benefit	benefit	VERB
cblr-2952	116	23	from	from	ADP
cblr-2952	116	24	possible	possible	ADJ
cblr-2952	116	25	extraordinary	extraordinary	ADJ
cblr-2952	116	26	returns	return	NOUN
cblr-2952	116	27	,	,	PUNCT
cblr-2952	116	28	reduced	reduce	VERB
cblr-2952	116	29	risk	risk	NOUN
cblr-2952	116	30	and	and	CCONJ
cblr-2952	116	31	increased	increase	VERB
cblr-2952	116	32	diversification	diversification	NOUN
cblr-2952	116	33	provided	provide	VERB
cblr-2952	116	34	by	by	ADP
cblr-2952	116	35	these	these	DET
cblr-2952	116	36	investments	investment	NOUN
cblr-2952	116	37	.	.	PUNCT
cblr-2952	117	1	reform	reform	NOUN
cblr-2952	117	2	is	be	AUX
cblr-2952	117	3	also	also	ADV
cblr-2952	117	4	23	23	NUM
cblr-2952	117	5	nor	nor	CCONJ
cblr-2952	117	6	has	have	AUX
cblr-2952	117	7	the	the	DET
cblr-2952	117	8	sec	sec	PROPN
cblr-2952	117	9	relied	rely	VERB
cblr-2952	117	10	upon	upon	SCONJ
cblr-2952	117	11	such	such	ADJ
cblr-2952	117	12	tools	tool	NOUN
cblr-2952	117	13	for	for	ADP
cblr-2952	117	14	its	its	PRON
cblr-2952	117	15	other	other	ADJ
cblr-2952	117	16	hedge	hedge	NOUN
cblr-2952	117	17	fund	fund	NOUN
cblr-2952	117	18	and	and	CCONJ
cblr-2952	117	19	private	private	ADJ
cblr-2952	117	20	equity	equity	NOUN
cblr-2952	117	21	regulation	regulation	NOUN
cblr-2952	117	22	.	.	PUNCT
cblr-2952	118	1	this	this	PRON
cblr-2952	118	2	is	be	AUX
cblr-2952	118	3	a	a	DET
cblr-2952	118	4	recurring	recur	VERB
cblr-2952	118	5	problem	problem	NOUN
cblr-2952	118	6	with	with	ADP
cblr-2952	118	7	sec	sec	PROPN
cblr-2952	118	8	rulemaking	rulemaking	NOUN
cblr-2952	118	9	,	,	PUNCT
cblr-2952	118	10	which	which	PRON
cblr-2952	118	11	often	often	ADV
cblr-2952	118	12	fails	fail	VERB
cblr-2952	118	13	to	to	PART
cblr-2952	118	14	comprehensively	comprehensively	ADV
cblr-2952	118	15	undertake	undertake	VERB
cblr-2952	118	16	cost	cost	NOUN
cblr-2952	118	17	-	-	PUNCT
cblr-2952	118	18	benefit	benefit	NOUN
cblr-2952	118	19	analysis	analysis	NOUN
cblr-2952	118	20	during	during	ADP
cblr-2952	118	21	the	the	DET
cblr-2952	118	22	rule	rule	NOUN
cblr-2952	118	23	-	-	PUNCT
cblr-2952	118	24	making	make	VERB
cblr-2952	118	25	process	process	NOUN
cblr-2952	118	26	.	.	PUNCT
cblr-2952	119	1	see	see	VERB
cblr-2952	119	2	generally	generally	ADV
cblr-2952	119	3	edward	edward	PROPN
cblr-2952	119	4	sherwin	sherwin	PROPN
cblr-2952	119	5	,	,	PUNCT
cblr-2952	119	6	the	the	DET
cblr-2952	119	7	cost	cost	NOUN
cblr-2952	119	8	-	-	PUNCT
cblr-2952	119	9	benefit	benefit	NOUN
cblr-2952	119	10	analysis	analysis	NOUN
cblr-2952	119	11	of	of	ADP
cblr-2952	119	12	financial	financial	ADJ
cblr-2952	119	13	regulation	regulation	NOUN
cblr-2952	119	14	:	:	PUNCT
cblr-2952	119	15	lessons	lesson	NOUN
cblr-2952	119	16	from	from	ADP
cblr-2952	119	17	the	the	DET
cblr-2952	119	18	sec	sec	PROPN
cblr-2952	119	19	's	's	PART
cblr-2952	119	20	stalled	stall	VERB
cblr-2952	119	21	mutual	mutual	ADJ
cblr-2952	119	22	fund	fund	NOUN
cblr-2952	119	23	reform	reform	NOUN
cblr-2952	119	24	effort	effort	NOUN
cblr-2952	119	25	,	,	PUNCT
cblr-2952	119	26	12	12	NUM
cblr-2952	119	27	stan	stan	NOUN
cblr-2952	119	28	.	.	PUNCT
cblr-2952	120	1	j.l	j.l	PROPN
cblr-2952	120	2	.	.	PROPN
cblr-2952	120	3	bus	bus	PROPN
cblr-2952	120	4	.	.	PUNCT
cblr-2952	120	5	&	&	CCONJ
cblr-2952	120	6	fin	fin	PROPN
cblr-2952	120	7	.	.	PROPN
cblr-2952	121	1	1	1	NUM
cblr-2952	121	2	(	(	PUNCT
cblr-2952	121	3	2006	2006	NUM
cblr-2952	121	4	)	)	PUNCT
cblr-2952	122	1	(	(	PUNCT
cblr-2952	122	2	discussing	discuss	VERB
cblr-2952	122	3	the	the	DET
cblr-2952	122	4	failure	failure	NOUN
cblr-2952	122	5	of	of	ADP
cblr-2952	122	6	the	the	DET
cblr-2952	122	7	sec	sec	PROPN
cblr-2952	122	8	to	to	PART
cblr-2952	122	9	employ	employ	VERB
cblr-2952	122	10	cost	cost	NOUN
cblr-2952	122	11	-	-	PUNCT
cblr-2952	122	12	benefit	benefit	NOUN
cblr-2952	122	13	analysis	analysis	NOUN
cblr-2952	122	14	in	in	ADP
cblr-2952	122	15	its	its	PRON
cblr-2952	122	16	rule	rule	NOUN
cblr-2952	122	17	-	-	PUNCT
cblr-2952	122	18	making	making	NOUN
cblr-2952	122	19	)	)	PUNCT
cblr-2952	122	20	.	.	PUNCT
cblr-2952	123	1	for	for	ADP
cblr-2952	123	2	a	a	DET
cblr-2952	123	3	discussion	discussion	NOUN
cblr-2952	123	4	of	of	ADP
cblr-2952	123	5	the	the	DET
cblr-2952	123	6	difficulties	difficulty	NOUN
cblr-2952	123	7	of	of	ADP
cblr-2952	123	8	financial	financial	ADJ
cblr-2952	123	9	regulation	regulation	NOUN
cblr-2952	123	10	cost	cost	NOUN
cblr-2952	123	11	-	-	PUNCT
cblr-2952	123	12	benefit	benefit	NOUN
cblr-2952	123	13	analysis	analysis	NOUN
cblr-2952	123	14	,	,	PUNCT
cblr-2952	123	15	see	see	VERB
cblr-2952	123	16	howell	howell	PROPN
cblr-2952	123	17	e.	e.	PROPN
cblr-2952	123	18	jackson	jackson	PROPN
cblr-2952	123	19	,	,	PUNCT
cblr-2952	123	20	variation	variation	NOUN
cblr-2952	123	21	in	in	ADP
cblr-2952	123	22	the	the	DET
cblr-2952	123	23	intensity	intensity	NOUN
cblr-2952	123	24	of	of	ADP
cblr-2952	123	25	financial	financial	ADJ
cblr-2952	123	26	regulation	regulation	NOUN
cblr-2952	123	27	:	:	PUNCT
cblr-2952	123	28	preliminary	preliminary	ADJ
cblr-2952	123	29	evidence	evidence	NOUN
cblr-2952	123	30	and	and	CCONJ
cblr-2952	123	31	potential	potential	ADJ
cblr-2952	123	32	implications	implication	NOUN
cblr-2952	123	33	,	,	PUNCT
cblr-2952	123	34	24	24	NUM
cblr-2952	123	35	yale	yale	PROPN
cblr-2952	123	36	j.	j.	PROPN
cblr-2952	123	37	reg	reg	PROPN
cblr-2952	123	38	.	.	PROPN
cblr-2952	123	39	253	253	NUM
cblr-2952	123	40	,	,	PUNCT
cblr-2952	123	41	257	257	NUM
cblr-2952	123	42	-	-	SYM
cblr-2952	123	43	65	65	NUM
cblr-2952	123	44	(	(	PUNCT
cblr-2952	123	45	2007	2007	NUM
cblr-2952	123	46	)	)	PUNCT
cblr-2952	123	47	.	.	PUNCT
cblr-2952	124	1	24	24	NUM
cblr-2952	124	2	the	the	DET
cblr-2952	124	3	sec	sec	PROPN
cblr-2952	124	4	has	have	AUX
cblr-2952	124	5	at	at	ADV
cblr-2952	124	6	least	least	ADJ
cblr-2952	124	7	publicly	publicly	ADV
cblr-2952	124	8	recognized	recognize	VERB
cblr-2952	124	9	the	the	DET
cblr-2952	124	10	rise	rise	NOUN
cblr-2952	124	11	of	of	ADP
cblr-2952	124	12	hedged	hedge	VERB
cblr-2952	124	13	mutual	mutual	ADJ
cblr-2952	124	14	funds	fund	NOUN
cblr-2952	124	15	,	,	PUNCT
cblr-2952	124	16	a	a	DET
cblr-2952	124	17	new	new	ADJ
cblr-2952	124	18	investment	investment	NOUN
cblr-2952	124	19	product	product	NOUN
cblr-2952	124	20	designed	design	VERB
cblr-2952	124	21	to	to	PART
cblr-2952	124	22	partially	partially	ADV
cblr-2952	124	23	mimic	mimic	VERB
cblr-2952	124	24	hedge	hedge	NOUN
cblr-2952	124	25	fund	fund	NOUN
cblr-2952	124	26	trading	trading	NOUN
cblr-2952	124	27	strategies	strategy	NOUN
cblr-2952	124	28	through	through	ADP
cblr-2952	124	29	use	use	NOUN
cblr-2952	124	30	of	of	ADP
cblr-2952	124	31	leverage	leverage	NOUN
cblr-2952	124	32	within	within	ADP
cblr-2952	124	33	the	the	DET
cblr-2952	124	34	limits	limit	NOUN
cblr-2952	124	35	of	of	ADP
cblr-2952	124	36	the	the	DET
cblr-2952	124	37	investment	investment	NOUN
cblr-2952	124	38	company	company	NOUN
cblr-2952	124	39	act	act	PROPN
cblr-2952	124	40	.	.	PUNCT
cblr-2952	125	1	see	see	VERB
cblr-2952	125	2	andrew	andrew	PROPN
cblr-2952	125	3	j.	j.	PROPN
cblr-2952	125	4	donohue	donohue	PROPN
cblr-2952	125	5	,	,	PUNCT
cblr-2952	125	6	director	director	NOUN
cblr-2952	125	7	,	,	PUNCT
cblr-2952	125	8	division	division	NOUN
cblr-2952	125	9	of	of	ADP
cblr-2952	125	10	investment	investment	NOUN
cblr-2952	125	11	management	management	NOUN
cblr-2952	125	12	,	,	PUNCT
cblr-2952	125	13	u.s	u.s	PROPN
cblr-2952	125	14	.	.	PROPN
cblr-2952	125	15	securities	securities	PROPN
cblr-2952	125	16	&	&	CCONJ
cblr-2952	125	17	exchange	exchange	PROPN
cblr-2952	125	18	commission	commission	PROPN
cblr-2952	125	19	,	,	PUNCT
cblr-2952	125	20	remarks	remark	NOUN
cblr-2952	125	21	before	before	ADP
cblr-2952	125	22	the	the	DET
cblr-2952	125	23	fourth	fourth	ADJ
cblr-2952	125	24	annual	annual	ADJ
cblr-2952	125	25	hedge	hedge	NOUN
cblr-2952	125	26	funds	fund	NOUN
cblr-2952	125	27	and	and	CCONJ
cblr-2952	125	28	alternative	alternative	ADJ
cblr-2952	125	29	investments	investment	NOUN
cblr-2952	125	30	conference	conference	NOUN
cblr-2952	125	31	,	,	PUNCT
cblr-2952	125	32	may	may	AUX
cblr-2952	125	33	23	23	NUM
cblr-2952	125	34	,	,	PUNCT
cblr-2952	125	35	2007	2007	NUM
cblr-2952	125	36	,	,	PUNCT
cblr-2952	125	37	available	available	ADJ
cblr-2952	125	38	at	at	ADP
cblr-2952	125	39	http://sec.gov/news/speech/2007/	http://sec.gov/news/speech/2007/	PROPN
cblr-2952	125	40	spch052307ajd.htm	spch052307ajd.htm	PUNCT
cblr-2952	126	1	[	[	X
cblr-2952	126	2	hereinafter	hereinafter	NOUN
cblr-2952	126	3	donohue	donohue	PROPN
cblr-2952	126	4	speech	speech	PROPN
cblr-2952	126	5	]	]	PUNCT
cblr-2952	126	6	.	.	PUNCT
cblr-2952	127	1	[	[	X
cblr-2952	127	2	vol	vol	NOUN
cblr-2952	127	3	.	.	PUNCT
cblr-2952	127	4	2008	2008	NUM
cblr-2952	127	5	likely	likely	ADJ
cblr-2952	127	6	to	to	PART
cblr-2952	127	7	bring	bring	VERB
cblr-2952	127	8	systemic	systemic	ADJ
cblr-2952	127	9	benefits	benefit	NOUN
cblr-2952	127	10	.	.	PUNCT
cblr-2952	128	1	the	the	DET
cblr-2952	128	2	public	public	ADJ
cblr-2952	128	3	offerings	offering	NOUN
cblr-2952	128	4	fostered	foster	VERB
cblr-2952	128	5	by	by	ADP
cblr-2952	128	6	these	these	DET
cblr-2952	128	7	reforms	reform	NOUN
cblr-2952	128	8	would	would	AUX
cblr-2952	128	9	cast	cast	VERB
cblr-2952	128	10	more	more	ADJ
cblr-2952	128	11	light	light	NOUN
cblr-2952	128	12	on	on	ADP
cblr-2952	128	13	the	the	DET
cblr-2952	128	14	presently	presently	ADV
cblr-2952	128	15	secretive	secretive	ADJ
cblr-2952	128	16	practices	practice	NOUN
cblr-2952	128	17	of	of	ADP
cblr-2952	128	18	hedge	hedge	NOUN
cblr-2952	128	19	funds	fund	NOUN
cblr-2952	128	20	and	and	CCONJ
cblr-2952	128	21	private	private	ADJ
cblr-2952	128	22	equity	equity	NOUN
cblr-2952	128	23	.	.	PUNCT
cblr-2952	129	1	this	this	PRON
cblr-2952	129	2	should	should	AUX
cblr-2952	129	3	assist	assist	VERB
cblr-2952	129	4	regulators	regulator	NOUN
cblr-2952	129	5	in	in	ADP
cblr-2952	129	6	monitoring	monitor	VERB
cblr-2952	129	7	system	system	NOUN
cblr-2952	129	8	-	-	PUNCT
cblr-2952	129	9	wide	wide	ADJ
cblr-2952	129	10	effects	effect	NOUN
cblr-2952	129	11	of	of	ADP
cblr-2952	129	12	these	these	DET
cblr-2952	129	13	investments	investment	NOUN
cblr-2952	129	14	and	and	CCONJ
cblr-2952	129	15	aid	aid	NOUN
cblr-2952	129	16	in	in	ADP
cblr-2952	129	17	preventing	prevent	VERB
cblr-2952	129	18	market	market	NOUN
cblr-2952	129	19	-	-	PUNCT
cblr-2952	129	20	wide	wide	ADJ
cblr-2952	129	21	failures	failure	NOUN
cblr-2952	129	22	such	such	ADJ
cblr-2952	129	23	as	as	ADP
cblr-2952	129	24	the	the	DET
cblr-2952	129	25	collapse	collapse	NOUN
cblr-2952	129	26	of	of	ADP
cblr-2952	129	27	long	long	ADJ
cblr-2952	129	28	-	-	PUNCT
cblr-2952	129	29	term	term	NOUN
cblr-2952	129	30	capital	capital	NOUN
cblr-2952	129	31	management	management	NOUN
cblr-2952	129	32	.	.	PUNCT
cblr-2952	129	33	"	"	PUNCT
cblr-2952	130	1	ultimately	ultimately	ADV
cblr-2952	130	2	,	,	PUNCT
cblr-2952	130	3	allowing	allow	VERB
cblr-2952	130	4	these	these	DET
cblr-2952	130	5	funds	fund	NOUN
cblr-2952	130	6	to	to	PART
cblr-2952	130	7	publicly	publicly	ADV
cblr-2952	130	8	offer	offer	VERB
cblr-2952	130	9	securities	security	NOUN
cblr-2952	130	10	and	and	CCONJ
cblr-2952	130	11	list	list	NOUN
cblr-2952	130	12	will	will	AUX
cblr-2952	130	13	also	also	ADV
cblr-2952	130	14	place	place	VERB
cblr-2952	130	15	the	the	DET
cblr-2952	130	16	u.s	u.s	PROPN
cblr-2952	130	17	.	.	PROPN
cblr-2952	130	18	capital	capital	NOUN
cblr-2952	130	19	market	market	NOUN
cblr-2952	130	20	on	on	ADP
cblr-2952	130	21	more	more	ADV
cblr-2952	130	22	competitive	competitive	ADJ
cblr-2952	130	23	footing	footing	NOUN
cblr-2952	130	24	,	,	PUNCT
cblr-2952	130	25	allowing	allow	VERB
cblr-2952	130	26	it	it	PRON
cblr-2952	130	27	to	to	PART
cblr-2952	130	28	contend	contend	VERB
cblr-2952	130	29	with	with	ADP
cblr-2952	130	30	foreign	foreign	ADJ
cblr-2952	130	31	markets	market	NOUN
cblr-2952	130	32	which	which	PRON
cblr-2952	130	33	now	now	ADV
cblr-2952	130	34	freely	freely	ADV
cblr-2952	130	35	permit	permit	VERB
cblr-2952	130	36	and	and	CCONJ
cblr-2952	130	37	compete	compete	VERB
cblr-2952	130	38	for	for	ADP
cblr-2952	130	39	such	such	ADJ
cblr-2952	130	40	offerings	offering	NOUN
cblr-2952	130	41	and	and	CCONJ
cblr-2952	130	42	listings	listing	NOUN
cblr-2952	130	43	.	.	PUNCT
cblr-2952	131	1	possible	possible	ADJ
cblr-2952	131	2	objections	objection	NOUN
cblr-2952	131	3	or	or	CCONJ
cblr-2952	131	4	costs	cost	NOUN
cblr-2952	131	5	to	to	ADP
cblr-2952	131	6	such	such	DET
cblr-2952	131	7	a	a	DET
cblr-2952	131	8	regime	regime	NOUN
cblr-2952	131	9	include	include	VERB
cblr-2952	131	10	the	the	DET
cblr-2952	131	11	inability	inability	NOUN
cblr-2952	131	12	of	of	ADP
cblr-2952	131	13	the	the	DET
cblr-2952	131	14	common	common	ADJ
cblr-2952	131	15	investor	investor	NOUN
cblr-2952	131	16	to	to	PART
cblr-2952	131	17	comprehend	comprehend	VERB
cblr-2952	131	18	these	these	DET
cblr-2952	131	19	investments	investment	NOUN
cblr-2952	131	20	and	and	CCONJ
cblr-2952	131	21	their	their	PRON
cblr-2952	131	22	sometimes	sometimes	ADV
cblr-2952	131	23	cyclical	cyclical	ADJ
cblr-2952	131	24	nature	nature	NOUN
cblr-2952	131	25	,	,	PUNCT
cblr-2952	131	26	possible	possible	ADJ
cblr-2952	131	27	undue	undue	ADJ
cblr-2952	131	28	risk	risk	NOUN
cblr-2952	131	29	of	of	ADP
cblr-2952	131	30	these	these	DET
cblr-2952	131	31	investments	investment	NOUN
cblr-2952	131	32	,	,	PUNCT
cblr-2952	131	33	administrative	administrative	ADJ
cblr-2952	131	34	burden	burden	NOUN
cblr-2952	131	35	of	of	ADP
cblr-2952	131	36	sec	sec	PROPN
cblr-2952	131	37	regulation	regulation	NOUN
cblr-2952	131	38	,	,	PUNCT
cblr-2952	131	39	and	and	CCONJ
cblr-2952	131	40	the	the	DET
cblr-2952	131	41	problem	problem	NOUN
cblr-2952	131	42	of	of	ADP
cblr-2952	131	43	placing	place	VERB
cblr-2952	131	44	an	an	DET
cblr-2952	131	45	sec	sec	PROPN
cblr-2952	131	46	imprimatur	imprimatur	NOUN
cblr-2952	131	47	on	on	ADP
cblr-2952	131	48	hedge	hedge	NOUN
cblr-2952	131	49	fund	fund	NOUN
cblr-2952	131	50	and	and	CCONJ
cblr-2952	131	51	private	private	ADJ
cblr-2952	131	52	equity	equity	NOUN
cblr-2952	131	53	investment	investment	NOUN
cblr-2952	131	54	.	.	PUNCT
cblr-2952	132	1	this	this	DET
cblr-2952	132	2	article	article	NOUN
cblr-2952	132	3	finds	find	VERB
cblr-2952	132	4	that	that	SCONJ
cblr-2952	132	5	these	these	PRON
cblr-2952	132	6	and	and	CCONJ
cblr-2952	132	7	other	other	ADJ
cblr-2952	132	8	arguments	argument	NOUN
cblr-2952	132	9	are	be	AUX
cblr-2952	132	10	either	either	CCONJ
cblr-2952	132	11	not	not	PART
cblr-2952	132	12	compelling	compelling	ADJ
cblr-2952	132	13	or	or	CCONJ
cblr-2952	132	14	require	require	VERB
cblr-2952	132	15	further	further	ADJ
cblr-2952	132	16	study	study	NOUN
cblr-2952	132	17	.	.	PUNCT
cblr-2952	133	1	in	in	ADP
cblr-2952	133	2	particular	particular	ADJ
cblr-2952	133	3	,	,	PUNCT
cblr-2952	133	4	the	the	DET
cblr-2952	133	5	oft	oft	ADV
cblr-2952	133	6	-	-	PUNCT
cblr-2952	133	7	cited	cite	VERB
cblr-2952	133	8	argument	argument	NOUN
cblr-2952	133	9	that	that	SCONJ
cblr-2952	133	10	these	these	DET
cblr-2952	133	11	investments	investment	NOUN
cblr-2952	133	12	are	be	AUX
cblr-2952	133	13	too	too	ADV
cblr-2952	133	14	"	"	PUNCT
cblr-2952	133	15	risky	risky	ADJ
cblr-2952	133	16	"	"	PUNCT
cblr-2952	133	17	often	often	ADV
cblr-2952	133	18	rests	rest	VERB
cblr-2952	133	19	on	on	ADP
cblr-2952	133	20	possible	possible	ADJ
cblr-2952	133	21	systemic	systemic	ADJ
cblr-2952	133	22	risk	risk	NOUN
cblr-2952	133	23	created	create	VERB
cblr-2952	133	24	by	by	ADP
cblr-2952	133	25	these	these	DET
cblr-2952	133	26	investments	investment	NOUN
cblr-2952	133	27	,	,	PUNCT
cblr-2952	133	28	particularly	particularly	ADV
cblr-2952	133	29	hedge	hedge	ADJ
cblr-2952	133	30	funds	fund	NOUN
cblr-2952	133	31	.	.	PUNCT
cblr-2952	134	1	this	this	PRON
cblr-2952	134	2	conflates	conflate	VERB
cblr-2952	134	3	legitimate	legitimate	ADJ
cblr-2952	134	4	concerns	concern	NOUN
cblr-2952	134	5	over	over	ADP
cblr-2952	134	6	the	the	DET
cblr-2952	134	7	systemic	systemic	ADJ
cblr-2952	134	8	risk	risk	NOUN
cblr-2952	134	9	of	of	ADP
cblr-2952	134	10	these	these	DET
cblr-2952	134	11	investments	investment	NOUN
cblr-2952	134	12	with	with	ADP
cblr-2952	134	13	their	their	PRON
cblr-2952	134	14	individualized	individualized	ADJ
cblr-2952	134	15	or	or	CCONJ
cblr-2952	134	16	idiosyncratic	idiosyncratic	ADJ
cblr-2952	134	17	risk	risk	NOUN
cblr-2952	134	18	.	.	PUNCT
cblr-2952	135	1	the	the	DET
cblr-2952	135	2	systemic	systemic	ADJ
cblr-2952	135	3	risk	risk	NOUN
cblr-2952	135	4	of	of	ADP
cblr-2952	135	5	these	these	DET
cblr-2952	135	6	investments	investment	NOUN
cblr-2952	135	7	is	be	AUX
cblr-2952	135	8	the	the	DET
cblr-2952	135	9	potential	potential	ADJ
cblr-2952	135	10	and	and	CCONJ
cblr-2952	135	11	actual	actual	ADJ
cblr-2952	135	12	risk	risk	NOUN
cblr-2952	135	13	that	that	SCONJ
cblr-2952	135	14	they	they	PRON
cblr-2952	135	15	inflict	inflict	VERB
cblr-2952	135	16	on	on	ADP
cblr-2952	135	17	the	the	DET
cblr-2952	135	18	system	system	NOUN
cblr-2952	135	19	itself	itself	PRON
cblr-2952	135	20	,	,	PUNCT
cblr-2952	135	21	the	the	DET
cblr-2952	135	22	u.s	u.s	PROPN
cblr-2952	135	23	.	.	PROPN
cblr-2952	135	24	capital	capital	NOUN
cblr-2952	135	25	market	market	NOUN
cblr-2952	135	26	.	.	PUNCT
cblr-2952	136	1	examples	example	NOUN
cblr-2952	136	2	of	of	ADP
cblr-2952	136	3	this	this	DET
cblr-2952	136	4	type	type	NOUN
cblr-2952	136	5	of	of	ADP
cblr-2952	136	6	risk	risk	NOUN
cblr-2952	136	7	include	include	VERB
cblr-2952	136	8	increased	increase	VERB
cblr-2952	136	9	market	market	NOUN
cblr-2952	136	10	volatility	volatility	NOUN
cblr-2952	136	11	as	as	ADP
cblr-2952	136	12	a	a	DET
cblr-2952	136	13	consequence	consequence	NOUN
cblr-2952	136	14	of	of	ADP
cblr-2952	136	15	hedge	hedge	NOUN
cblr-2952	136	16	fund	fund	NOUN
cblr-2952	136	17	market	market	NOUN
cblr-2952	136	18	trading	trading	NOUN
cblr-2952	136	19	,	,	PUNCT
cblr-2952	136	20	adverse	adverse	ADJ
cblr-2952	136	21	market	market	NOUN
cblr-2952	136	22	fluctuations	fluctuation	NOUN
cblr-2952	136	23	due	due	ADJ
cblr-2952	136	24	to	to	ADP
cblr-2952	136	25	hedge	hedge	NOUN
cblr-2952	136	26	fund	fund	NOUN
cblr-2952	136	27	or	or	CCONJ
cblr-2952	136	28	private	private	ADJ
cblr-2952	136	29	equity	equity	NOUN
cblr-2952	136	30	over	over	ADP
cblr-2952	136	31	-	-	PUNCT
cblr-2952	136	32	leverage	leverage	NOUN
cblr-2952	136	33	,	,	PUNCT
cblr-2952	136	34	and	and	CCONJ
cblr-2952	136	35	the	the	DET
cblr-2952	136	36	extreme	extreme	ADJ
cblr-2952	136	37	case	case	NOUN
cblr-2952	136	38	of	of	ADP
cblr-2952	136	39	fund	fund	NOUN
cblr-2952	136	40	collapse	collapse	NOUN
cblr-2952	136	41	with	with	ADP
cblr-2952	136	42	adverse	adverse	ADJ
cblr-2952	136	43	effects	effect	NOUN
cblr-2952	136	44	on	on	ADP
cblr-2952	136	45	the	the	DET
cblr-2952	136	46	national	national	ADJ
cblr-2952	136	47	or	or	CCONJ
cblr-2952	136	48	global	global	ADJ
cblr-2952	136	49	financial	financial	ADJ
cblr-2952	136	50	system	system	NOUN
cblr-2952	136	51	.	.	PUNCT
cblr-2952	136	52	"	"	PUNCT
cblr-2952	137	1	conversely	conversely	ADV
cblr-2952	137	2	,	,	PUNCT
cblr-2952	137	3	individual25	individual25	NOUN
cblr-2952	137	4	i	i	PRON
cblr-2952	137	5	briefly	briefly	ADV
cblr-2952	137	6	discuss	discuss	VERB
cblr-2952	137	7	the	the	DET
cblr-2952	137	8	implosion	implosion	NOUN
cblr-2952	137	9	of	of	ADP
cblr-2952	137	10	long	long	ADJ
cblr-2952	137	11	-	-	PUNCT
cblr-2952	137	12	term	term	NOUN
cblr-2952	137	13	capital	capital	NOUN
cblr-2952	137	14	management	management	NOUN
cblr-2952	137	15	's	's	PART
cblr-2952	137	16	hedge	hedge	NOUN
cblr-2952	137	17	fund	fund	NOUN
cblr-2952	137	18	and	and	CCONJ
cblr-2952	137	19	the	the	DET
cblr-2952	137	20	regulatory	regulatory	ADJ
cblr-2952	137	21	response	response	NOUN
cblr-2952	137	22	infra	infra	NOUN
cblr-2952	137	23	at	at	ADP
cblr-2952	137	24	notes	note	NOUN
cblr-2952	137	25	133	133	NUM
cblr-2952	137	26	-	-	SYM
cblr-2952	137	27	135	135	NUM
cblr-2952	137	28	and	and	CCONJ
cblr-2952	137	29	accompanying	accompany	VERB
cblr-2952	137	30	text	text	NOUN
cblr-2952	137	31	.	.	PUNCT
cblr-2952	138	1	26	26	NUM
cblr-2952	138	2	for	for	ADP
cblr-2952	138	3	a	a	DET
cblr-2952	138	4	discussion	discussion	NOUN
cblr-2952	138	5	of	of	ADP
cblr-2952	138	6	the	the	DET
cblr-2952	138	7	systemic	systemic	ADJ
cblr-2952	138	8	risks	risk	NOUN
cblr-2952	138	9	associated	associate	VERB
cblr-2952	138	10	with	with	ADP
cblr-2952	138	11	hedge	hedge	NOUN
cblr-2952	138	12	funds	fund	NOUN
cblr-2952	138	13	,	,	PUNCT
cblr-2952	138	14	see	see	VERB
cblr-2952	138	15	nicholas	nicholas	PROPN
cblr-2952	138	16	chan	chan	PROPN
cblr-2952	138	17	et	et	PROPN
cblr-2952	138	18	al	al	PROPN
cblr-2952	138	19	.	.	PROPN
cblr-2952	138	20	,	,	PUNCT
cblr-2952	138	21	do	do	AUX
cblr-2952	138	22	hedge	hedge	NOUN
cblr-2952	138	23	funds	fund	NOUN
cblr-2952	138	24	increase	increase	VERB
cblr-2952	138	25	systemic	systemic	ADJ
cblr-2952	138	26	risk	risk	NOUN
cblr-2952	138	27	?	?	PUNCT
cblr-2952	138	28	,	,	PUNCT
cblr-2952	138	29	91(4	91(4	X
cblr-2952	138	30	)	)	PUNCT
cblr-2952	138	31	econ	econ	NOUN
cblr-2952	138	32	.	.	PUNCT
cblr-2952	139	1	rev	rev	PROPN
cblr-2952	139	2	.	.	PROPN
cblr-2952	139	3	49	49	NUM
cblr-2952	139	4	(	(	PUNCT
cblr-2952	139	5	2006	2006	NUM
cblr-2952	139	6	)	)	PUNCT
cblr-2952	139	7	.	.	PUNCT
cblr-2952	140	1	for	for	ADP
cblr-2952	140	2	a	a	DET
cblr-2952	140	3	thorough	thorough	ADJ
cblr-2952	140	4	description	description	NOUN
cblr-2952	140	5	of	of	ADP
cblr-2952	140	6	systemic	systemic	ADJ
cblr-2952	140	7	risk	risk	NOUN
cblr-2952	140	8	in	in	ADP
cblr-2952	140	9	the	the	DET
cblr-2952	140	10	context	context	NOUN
cblr-2952	140	11	of	of	ADP
cblr-2952	140	12	hedge	hedge	NOUN
cblr-2952	140	13	fund	fund	NOUN
cblr-2952	140	14	regulation	regulation	NOUN
cblr-2952	140	15	see	see	VERB
cblr-2952	140	16	troy	troy	PROPN
cblr-2952	140	17	a.	a.	PROPN
cblr-2952	140	18	paredes	paredes	PROPN
cblr-2952	140	19	,	,	PUNCT
cblr-2952	140	20	on	on	ADP
cblr-2952	140	21	the	the	DET
cblr-2952	140	22	decision	decision	NOUN
cblr-2952	140	23	to	to	PART
cblr-2952	140	24	regulate	regulate	VERB
cblr-2952	140	25	hedge	hedge	ADJ
cblr-2952	140	26	funds	fund	NOUN
cblr-2952	140	27	:	:	PUNCT
cblr-2952	140	28	the	the	DET
cblr-2952	140	29	sec	sec	PROPN
cblr-2952	140	30	's	's	PART
cblr-2952	140	31	regulatory	regulatory	ADJ
cblr-2952	140	32	philosophy	philosophy	NOUN
cblr-2952	140	33	,	,	PUNCT
cblr-2952	140	34	style	style	NOUN
cblr-2952	140	35	,	,	PUNCT
cblr-2952	140	36	and	and	CCONJ
cblr-2952	140	37	mission	mission	NOUN
cblr-2952	140	38	,	,	PUNCT
cblr-2952	140	39	2006	2006	NUM
cblr-2952	140	40	u.	u.	PROPN
cblr-2952	140	41	ill	ill	PROPN
cblr-2952	140	42	.	.	PUNCT
cblr-2952	141	1	l.	l.	PROPN
cblr-2952	141	2	rev	rev	PROPN
cblr-2952	141	3	.	.	PROPN
cblr-2952	141	4	975	975	NUM
cblr-2952	141	5	,	,	PUNCT
cblr-2952	141	6	983	983	NUM
cblr-2952	141	7	-	-	SYM
cblr-2952	141	8	87	87	NUM
cblr-2952	141	9	.	.	PUNCT
cblr-2952	142	1	there	there	PRON
cblr-2952	142	2	is	be	VERB
cblr-2952	142	3	no	no	DET
cblr-2952	142	4	agreement	agreement	NOUN
cblr-2952	142	5	over	over	ADP
cblr-2952	142	6	the	the	DET
cblr-2952	142	7	exno	exno	NOUN
cblr-2952	142	8	.	.	PUNCT
cblr-2952	143	1	1:172	1:172	NUM
cblr-2952	143	2	]	]	X
cblr-2952	143	3	black	black	ADJ
cblr-2952	143	4	market	market	NOUN
cblr-2952	143	5	capital	capital	PROPN
cblr-2952	143	6	columbia	columbia	PROPN
cblr-2952	143	7	business	business	PROPN
cblr-2952	143	8	law	law	PROPN
cblr-2952	143	9	review	review	VERB
cblr-2952	143	10	ized	ize	VERB
cblr-2952	143	11	risk	risk	NOUN
cblr-2952	143	12	is	be	AUX
cblr-2952	143	13	unique	unique	ADJ
cblr-2952	143	14	:	:	PUNCT
cblr-2952	143	15	it	it	PRON
cblr-2952	143	16	is	be	AUX
cblr-2952	143	17	the	the	DET
cblr-2952	143	18	risk	risk	NOUN
cblr-2952	143	19	to	to	ADP
cblr-2952	143	20	particular	particular	ADJ
cblr-2952	143	21	investors	investor	NOUN
cblr-2952	143	22	specific	specific	ADJ
cblr-2952	143	23	to	to	ADP
cblr-2952	143	24	their	their	PRON
cblr-2952	143	25	investment	investment	NOUN
cblr-2952	143	26	in	in	ADP
cblr-2952	143	27	hedge	hedge	NOUN
cblr-2952	143	28	funds	fund	NOUN
cblr-2952	143	29	or	or	CCONJ
cblr-2952	143	30	private	private	ADJ
cblr-2952	143	31	equity	equity	NOUN
cblr-2952	143	32	funds	fund	NOUN
cblr-2952	143	33	without	without	ADP
cblr-2952	143	34	regard	regard	NOUN
cblr-2952	143	35	to	to	ADP
cblr-2952	143	36	any	any	DET
cblr-2952	143	37	systemic	systemic	ADJ
cblr-2952	143	38	or	or	CCONJ
cblr-2952	143	39	systematic	systematic	ADJ
cblr-2952	143	40	market	market	NOUN
cblr-2952	143	41	risk.27	risk.27	ADV
cblr-2952	143	42	there	there	PRON
cblr-2952	143	43	is	be	VERB
cblr-2952	143	44	an	an	DET
cblr-2952	143	45	important	important	ADJ
cblr-2952	143	46	distinction	distinction	NOUN
cblr-2952	143	47	between	between	ADP
cblr-2952	143	48	regulation	regulation	NOUN
cblr-2952	143	49	of	of	ADP
cblr-2952	143	50	the	the	DET
cblr-2952	143	51	investing	investing	NOUN
cblr-2952	143	52	activities	activity	NOUN
cblr-2952	143	53	of	of	ADP
cblr-2952	143	54	hedge	hedge	NOUN
cblr-2952	143	55	funds	fund	NOUN
cblr-2952	143	56	and	and	CCONJ
cblr-2952	143	57	private	private	ADJ
cblr-2952	143	58	equity	equity	NOUN
cblr-2952	143	59	,	,	PUNCT
cblr-2952	143	60	i.e.	i.e.	X
cblr-2952	143	61	,	,	PUNCT
cblr-2952	143	62	regulating	regulate	VERB
cblr-2952	143	63	systemic	systemic	ADJ
cblr-2952	143	64	risk	risk	NOUN
cblr-2952	143	65	,	,	PUNCT
cblr-2952	143	66	and	and	CCONJ
cblr-2952	143	67	the	the	DET
cblr-2952	143	68	ability	ability	NOUN
cblr-2952	143	69	of	of	ADP
cblr-2952	143	70	public	public	ADJ
cblr-2952	143	71	investors	investor	NOUN
cblr-2952	143	72	to	to	PART
cblr-2952	143	73	access	access	VERB
cblr-2952	143	74	these	these	DET
cblr-2952	143	75	investments	investment	NOUN
cblr-2952	143	76	,	,	PUNCT
cblr-2952	143	77	which	which	PRON
cblr-2952	143	78	mainly	mainly	ADV
cblr-2952	143	79	raises	raise	VERB
cblr-2952	143	80	issues	issue	NOUN
cblr-2952	143	81	of	of	ADP
cblr-2952	143	82	individualized	individualized	ADJ
cblr-2952	143	83	or	or	CCONJ
cblr-2952	143	84	localized	localized	ADJ
cblr-2952	143	85	risk	risk	NOUN
cblr-2952	143	86	.	.	PUNCT
cblr-2952	144	1	if	if	SCONJ
cblr-2952	144	2	viewed	view	VERB
cblr-2952	144	3	through	through	ADP
cblr-2952	144	4	this	this	DET
cblr-2952	144	5	lens	len	NOUN
cblr-2952	144	6	,	,	PUNCT
cblr-2952	144	7	the	the	DET
cblr-2952	144	8	beneficial	beneficial	ADJ
cblr-2952	144	9	properties	property	NOUN
cblr-2952	144	10	of	of	ADP
cblr-2952	144	11	these	these	DET
cblr-2952	144	12	investments	investment	NOUN
cblr-2952	144	13	,	,	PUNCT
cblr-2952	144	14	including	include	VERB
cblr-2952	144	15	lower	low	ADJ
cblr-2952	144	16	potential	potential	ADJ
cblr-2952	144	17	volatility	volatility	NOUN
cblr-2952	144	18	and	and	CCONJ
cblr-2952	144	19	diversification	diversification	NOUN
cblr-2952	144	20	,	,	PUNCT
cblr-2952	144	21	mitigate	mitigate	VERB
cblr-2952	144	22	this	this	DET
cblr-2952	144	23	particular	particular	ADJ
cblr-2952	144	24	concern.28	concern.28	NOUN
cblr-2952	144	25	this	this	DET
cblr-2952	144	26	article	article	NOUN
cblr-2952	144	27	is	be	AUX
cblr-2952	144	28	organized	organize	VERB
cblr-2952	144	29	as	as	SCONJ
cblr-2952	144	30	follows	follow	VERB
cblr-2952	144	31	.	.	PUNCT
cblr-2952	145	1	part	part	NOUN
cblr-2952	145	2	i	i	PRON
cblr-2952	145	3	details	detail	VERB
cblr-2952	145	4	the	the	DET
cblr-2952	145	5	historical	historical	ADJ
cblr-2952	145	6	development	development	NOUN
cblr-2952	145	7	of	of	ADP
cblr-2952	145	8	hedge	hedge	NOUN
cblr-2952	145	9	funds	fund	NOUN
cblr-2952	145	10	and	and	CCONJ
cblr-2952	145	11	private	private	ADJ
cblr-2952	145	12	equity	equity	NOUN
cblr-2952	145	13	.	.	PUNCT
cblr-2952	146	1	part	part	PROPN
cblr-2952	146	2	ii	ii	PROPN
cblr-2952	146	3	sets	set	VERB
cblr-2952	146	4	forth	forth	ADP
cblr-2952	146	5	the	the	DET
cblr-2952	146	6	current	current	ADJ
cblr-2952	146	7	federal	federal	ADJ
cblr-2952	146	8	regulatory	regulatory	ADJ
cblr-2952	146	9	scheme	scheme	NOUN
cblr-2952	146	10	for	for	ADP
cblr-2952	146	11	these	these	DET
cblr-2952	146	12	act	act	NOUN
cblr-2952	146	13	definitional	definitional	ADJ
cblr-2952	146	14	scope	scope	NOUN
cblr-2952	146	15	of	of	ADP
cblr-2952	146	16	systemic	systemic	ADJ
cblr-2952	146	17	risk	risk	NOUN
cblr-2952	146	18	.	.	PUNCT
cblr-2952	147	1	see	see	VERB
cblr-2952	147	2	steven	steven	PROPN
cblr-2952	147	3	l.	l.	PROPN
cblr-2952	147	4	schwarcz	schwarcz	PROPN
cblr-2952	147	5	,	,	PUNCT
cblr-2952	147	6	systemic	systemic	ADJ
cblr-2952	147	7	risk	risk	NOUN
cblr-2952	147	8	,	,	PUNCT
cblr-2952	147	9	duke	duke	PROPN
cblr-2952	147	10	law	law	PROPN
cblr-2952	147	11	school	school	NOUN
cblr-2952	147	12	legal	legal	ADJ
cblr-2952	147	13	studies	study	NOUN
cblr-2952	147	14	paper	paper	VERB
cblr-2952	147	15	no	no	NOUN
cblr-2952	147	16	.	.	PROPN
cblr-2952	147	17	163	163	NUM
cblr-2952	147	18	,	,	PUNCT
cblr-2952	147	19	6	6	NUM
cblr-2952	147	20	-	-	SYM
cblr-2952	147	21	15	15	NUM
cblr-2952	147	22	(	(	PUNCT
cblr-2952	147	23	aug	aug	PROPN
cblr-2952	147	24	.	.	NOUN
cblr-2952	147	25	2007	2007	NUM
cblr-2952	147	26	)	)	PUNCT
cblr-2952	147	27	available	available	ADJ
cblr-2952	147	28	at	at	ADP
cblr-2952	147	29	ssrn	ssrn	NOUN
cblr-2952	147	30	:	:	PUNCT
cblr-2952	148	1	http://ssrn.com/abstract=1008326	http://ssrn.com/abstract=1008326	NOUN
cblr-2952	148	2	.	.	NOUN
cblr-2952	148	3	27	27	NUM
cblr-2952	148	4	prof	prof	NOUN
cblr-2952	148	5	.	.	PUNCT
cblr-2952	149	1	steven	steven	PROPN
cblr-2952	149	2	schwarcz	schwarcz	PROPN
cblr-2952	149	3	defines	define	VERB
cblr-2952	149	4	systemic	systemic	ADJ
cblr-2952	149	5	risk	risk	NOUN
cblr-2952	149	6	as	as	ADP
cblr-2952	149	7	"	"	PUNCT
cblr-2952	149	8	the	the	DET
cblr-2952	149	9	risk	risk	NOUN
cblr-2952	149	10	that	that	SCONJ
cblr-2952	149	11	(	(	PUNCT
cblr-2952	149	12	i	i	NOUN
cblr-2952	149	13	)	)	PUNCT
cblr-2952	149	14	an	an	DET
cblr-2952	149	15	economic	economic	ADJ
cblr-2952	149	16	shock	shock	NOUN
cblr-2952	149	17	such	such	ADJ
cblr-2952	149	18	as	as	ADP
cblr-2952	149	19	market	market	NOUN
cblr-2952	149	20	or	or	CCONJ
cblr-2952	149	21	institutional	institutional	ADJ
cblr-2952	149	22	failure	failure	NOUN
cblr-2952	149	23	triggers	trigger	NOUN
cblr-2952	149	24	(	(	PUNCT
cblr-2952	149	25	through	through	ADP
cblr-2952	149	26	a	a	DET
cblr-2952	149	27	panic	panic	NOUN
cblr-2952	149	28	or	or	CCONJ
cblr-2952	149	29	otherwise	otherwise	ADV
cblr-2952	149	30	)	)	PUNCT
cblr-2952	149	31	either	either	CCONJ
cblr-2952	149	32	(	(	PUNCT
cblr-2952	149	33	x	x	X
cblr-2952	149	34	)	)	PUNCT
cblr-2952	149	35	the	the	DET
cblr-2952	149	36	failure	failure	NOUN
cblr-2952	149	37	of	of	ADP
cblr-2952	149	38	a	a	DET
cblr-2952	149	39	chain	chain	NOUN
cblr-2952	149	40	of	of	ADP
cblr-2952	149	41	markets	market	NOUN
cblr-2952	149	42	or	or	CCONJ
cblr-2952	149	43	institutions	institution	NOUN
cblr-2952	149	44	or	or	CCONJ
cblr-2952	149	45	(	(	PUNCT
cblr-2952	149	46	y	y	NOUN
cblr-2952	149	47	)	)	PUNCT
cblr-2952	149	48	a	a	DET
cblr-2952	149	49	chain	chain	NOUN
cblr-2952	149	50	of	of	ADP
cblr-2952	149	51	significant	significant	ADJ
cblr-2952	149	52	losses	loss	NOUN
cblr-2952	149	53	to	to	ADP
cblr-2952	149	54	financial	financial	ADJ
cblr-2952	149	55	institutions	institution	NOUN
cblr-2952	149	56	,	,	PUNCT
cblr-2952	149	57	(	(	PUNCT
cblr-2952	149	58	ii	ii	NOUN
cblr-2952	149	59	)	)	PUNCT
cblr-2952	149	60	resulting	result	VERB
cblr-2952	149	61	in	in	ADP
cblr-2952	149	62	increases	increase	NOUN
cblr-2952	149	63	in	in	ADP
cblr-2952	149	64	the	the	DET
cblr-2952	149	65	cost	cost	NOUN
cblr-2952	149	66	of	of	ADP
cblr-2952	149	67	capital	capital	NOUN
cblr-2952	149	68	or	or	CCONJ
cblr-2952	149	69	decreases	decrease	NOUN
cblr-2952	149	70	in	in	ADP
cblr-2952	149	71	its	its	PRON
cblr-2952	149	72	availability	availability	NOUN
cblr-2952	149	73	,	,	PUNCT
cblr-2952	149	74	often	often	ADV
cblr-2952	149	75	evidenced	evidence	VERB
cblr-2952	149	76	by	by	ADP
cblr-2952	149	77	substantial	substantial	ADJ
cblr-2952	149	78	financial	financial	ADJ
cblr-2952	149	79	-	-	PUNCT
cblr-2952	149	80	market	market	NOUN
cblr-2952	149	81	price	price	NOUN
cblr-2952	149	82	volatility	volatility	NOUN
cblr-2952	149	83	.	.	PUNCT
cblr-2952	149	84	"	"	PUNCT
cblr-2952	150	1	i	i	PRON
cblr-2952	150	2	d.	d.	PROPN
cblr-2952	150	3	at	at	ADP
cblr-2952	150	4	14	14	NUM
cblr-2952	150	5	-	-	SYM
cblr-2952	150	6	15	15	NUM
cblr-2952	150	7	.	.	PUNCT
cblr-2952	151	1	in	in	ADP
cblr-2952	151	2	contrast	contrast	NOUN
cblr-2952	151	3	,	,	PUNCT
cblr-2952	151	4	systematic	systematic	ADJ
cblr-2952	151	5	risk	risk	NOUN
cblr-2952	151	6	is	be	AUX
cblr-2952	151	7	generally	generally	ADV
cblr-2952	151	8	undiversifiable	undiversifiable	ADJ
cblr-2952	151	9	risk	risk	NOUN
cblr-2952	151	10	.	.	PUNCT
cblr-2952	152	1	28	28	NUM
cblr-2952	153	1	because	because	SCONJ
cblr-2952	153	2	this	this	DET
cblr-2952	153	3	article	article	NOUN
cblr-2952	153	4	-	-	PUNCT
cblr-2952	153	5	focuses	focus	VERB
cblr-2952	153	6	on	on	ADP
cblr-2952	153	7	the	the	DET
cblr-2952	153	8	black	black	ADJ
cblr-2952	153	9	market	market	NOUN
cblr-2952	153	10	capital	capital	NOUN
cblr-2952	153	11	effect	effect	NOUN
cblr-2952	153	12	and	and	CCONJ
cblr-2952	153	13	the	the	DET
cblr-2952	153	14	appropriateness	appropriateness	NOUN
cblr-2952	153	15	of	of	ADP
cblr-2952	153	16	investor	investor	NOUN
cblr-2952	153	17	access	access	NOUN
cblr-2952	153	18	to	to	ADP
cblr-2952	153	19	hedge	hedge	NOUN
cblr-2952	153	20	funds	fund	NOUN
cblr-2952	153	21	and	and	CCONJ
cblr-2952	153	22	private	private	ADJ
cblr-2952	153	23	equity	equity	NOUN
cblr-2952	153	24	,	,	PUNCT
cblr-2952	153	25	it	it	PRON
cblr-2952	153	26	concentrates	concentrate	VERB
cblr-2952	153	27	primarily	primarily	ADV
cblr-2952	153	28	on	on	ADP
cblr-2952	153	29	the	the	DET
cblr-2952	153	30	sec	sec	PROPN
cblr-2952	153	31	regulation	regulation	NOUN
cblr-2952	153	32	of	of	ADP
cblr-2952	153	33	these	these	DET
cblr-2952	153	34	investments	investment	NOUN
cblr-2952	153	35	.	.	PUNCT
cblr-2952	154	1	the	the	DET
cblr-2952	154	2	commodities	commodity	NOUN
cblr-2952	154	3	futures	futures	PROPN
cblr-2952	154	4	trading	trading	NOUN
cblr-2952	154	5	commission	commission	NOUN
cblr-2952	154	6	(	(	PUNCT
cblr-2952	154	7	"	"	PUNCT
cblr-2952	154	8	cftc	cftc	PROPN
cblr-2952	154	9	"	"	PUNCT
cblr-2952	154	10	)	)	PUNCT
cblr-2952	154	11	,	,	PUNCT
cblr-2952	154	12	board	board	NOUN
cblr-2952	154	13	of	of	ADP
cblr-2952	154	14	governors	governor	NOUN
cblr-2952	154	15	of	of	ADP
cblr-2952	154	16	the	the	DET
cblr-2952	154	17	federal	federal	PROPN
cblr-2952	154	18	reserve	reserve	PROPN
cblr-2952	154	19	system	system	NOUN
cblr-2952	154	20	,	,	PUNCT
cblr-2952	154	21	and	and	CCONJ
cblr-2952	154	22	treasury	treasury	PROPN
cblr-2952	154	23	department	department	PROPN
cblr-2952	154	24	all	all	PRON
cblr-2952	154	25	share	share	VERB
cblr-2952	154	26	regulatory	regulatory	ADJ
cblr-2952	154	27	responsibility	responsibility	NOUN
cblr-2952	154	28	with	with	ADP
cblr-2952	154	29	the	the	DET
cblr-2952	154	30	sec	sec	PROPN
cblr-2952	154	31	for	for	ADP
cblr-2952	154	32	regulation	regulation	NOUN
cblr-2952	154	33	of	of	ADP
cblr-2952	154	34	hedge	hedge	NOUN
cblr-2952	154	35	funds	fund	NOUN
cblr-2952	154	36	and	and	CCONJ
cblr-2952	154	37	private	private	ADJ
cblr-2952	154	38	equity	equity	NOUN
cblr-2952	154	39	.	.	PUNCT
cblr-2952	155	1	the	the	DET
cblr-2952	155	2	sec	sec	PROPN
cblr-2952	155	3	,	,	PUNCT
cblr-2952	155	4	though	though	ADV
cblr-2952	155	5	,	,	PUNCT
cblr-2952	155	6	has	have	VERB
cblr-2952	155	7	only	only	ADV
cblr-2952	155	8	limited	limited	ADJ
cblr-2952	155	9	jurisdiction	jurisdiction	NOUN
cblr-2952	155	10	over	over	ADP
cblr-2952	155	11	the	the	DET
cblr-2952	155	12	systemic	systemic	ADJ
cblr-2952	155	13	risks	risk	NOUN
cblr-2952	155	14	posed	pose	VERB
cblr-2952	155	15	by	by	ADP
cblr-2952	155	16	these	these	DET
cblr-2952	155	17	investments	investment	NOUN
cblr-2952	155	18	.	.	PUNCT
cblr-2952	156	1	this	this	PRON
cblr-2952	156	2	is	be	AUX
cblr-2952	156	3	primarily	primarily	ADV
cblr-2952	156	4	confined	confine	VERB
cblr-2952	156	5	to	to	ADP
cblr-2952	156	6	the	the	DET
cblr-2952	156	7	sec	sec	PROPN
cblr-2952	156	8	's	's	PART
cblr-2952	156	9	membership	membership	NOUN
cblr-2952	156	10	on	on	ADP
cblr-2952	156	11	the	the	DET
cblr-2952	156	12	president	president	NOUN
cblr-2952	156	13	's	's	PART
cblr-2952	156	14	working	working	NOUN
cblr-2952	156	15	group	group	NOUN
cblr-2952	156	16	on	on	ADP
cblr-2952	156	17	financial	financial	ADJ
cblr-2952	156	18	markets	market	NOUN
cblr-2952	156	19	,	,	PUNCT
cblr-2952	156	20	regulatory	regulatory	ADJ
cblr-2952	156	21	supervision	supervision	NOUN
cblr-2952	156	22	of	of	ADP
cblr-2952	156	23	investment	investment	NOUN
cblr-2952	156	24	bank	bank	NOUN
cblr-2952	156	25	holding	hold	VERB
cblr-2952	156	26	companies	company	NOUN
cblr-2952	156	27	,	,	PUNCT
cblr-2952	156	28	see	see	VERB
cblr-2952	156	29	15	15	NUM
cblr-2952	156	30	u.s.c	u.s.c	ADJ
cblr-2952	156	31	.	.	PUNCT
cblr-2952	157	1	§	§	PROPN
cblr-2952	157	2	78q(i	78q(i	NUM
cblr-2952	157	3	)	)	PUNCT
cblr-2952	157	4	(	(	PUNCT
cblr-2952	157	5	2006	2006	NUM
cblr-2952	157	6	)	)	PUNCT
cblr-2952	157	7	,	,	PUNCT
cblr-2952	157	8	responsibility	responsibility	NOUN
cblr-2952	157	9	for	for	ADP
cblr-2952	157	10	preserving	preserve	VERB
cblr-2952	157	11	the	the	DET
cblr-2952	157	12	integrity	integrity	NOUN
cblr-2952	157	13	of	of	ADP
cblr-2952	157	14	the	the	DET
cblr-2952	157	15	investing	investing	NOUN
cblr-2952	157	16	markets	market	NOUN
cblr-2952	157	17	,	,	PUNCT
cblr-2952	157	18	and	and	CCONJ
cblr-2952	157	19	public	public	ADJ
cblr-2952	157	20	-	-	PUNCT
cblr-2952	157	21	profile	profile	NOUN
cblr-2952	157	22	as	as	ADP
cblr-2952	157	23	a	a	DET
cblr-2952	157	24	market	market	NOUN
cblr-2952	157	25	regulator	regulator	NOUN
cblr-2952	157	26	and	and	CCONJ
cblr-2952	157	27	consequent	consequent	ADJ
cblr-2952	157	28	ability	ability	NOUN
cblr-2952	157	29	to	to	PART
cblr-2952	157	30	affect	affect	VERB
cblr-2952	157	31	congressional	congressional	ADJ
cblr-2952	157	32	lawmaking	lawmaking	NOUN
cblr-2952	157	33	.	.	PUNCT
cblr-2952	158	1	the	the	DET
cblr-2952	158	2	sec	sec	PROPN
cblr-2952	158	3	,	,	PUNCT
cblr-2952	158	4	though	though	ADV
cblr-2952	158	5	,	,	PUNCT
cblr-2952	158	6	is	be	AUX
cblr-2952	158	7	the	the	DET
cblr-2952	158	8	primary	primary	ADJ
cblr-2952	158	9	regulator	regulator	NOUN
cblr-2952	158	10	of	of	ADP
cblr-2952	158	11	hedge	hedge	NOUN
cblr-2952	158	12	fund	fund	NOUN
cblr-2952	158	13	and	and	CCONJ
cblr-2952	158	14	private	private	ADJ
cblr-2952	158	15	equity	equity	NOUN
cblr-2952	158	16	access	access	NOUN
cblr-2952	158	17	to	to	ADP
cblr-2952	158	18	the	the	DET
cblr-2952	158	19	public	public	ADJ
cblr-2952	158	20	and	and	CCONJ
cblr-2952	158	21	private	private	ADJ
cblr-2952	158	22	securities	security	NOUN
cblr-2952	158	23	markets	market	NOUN
cblr-2952	158	24	for	for	ADP
cblr-2952	158	25	investors	investor	NOUN
cblr-2952	158	26	.	.	PUNCT
cblr-2952	159	1	as	as	SCONJ
cblr-2952	159	2	this	this	DET
cblr-2952	159	3	article	article	NOUN
cblr-2952	159	4	will	will	AUX
cblr-2952	159	5	later	later	ADV
cblr-2952	159	6	highlight	highlight	VERB
cblr-2952	159	7	,	,	PUNCT
cblr-2952	159	8	this	this	DET
cblr-2952	159	9	jurisdictional	jurisdictional	ADJ
cblr-2952	159	10	parsing	parsing	NOUN
cblr-2952	159	11	is	be	AUX
cblr-2952	159	12	one	one	NUM
cblr-2952	159	13	that	that	PRON
cblr-2952	159	14	the	the	DET
cblr-2952	159	15	sec	sec	PROPN
cblr-2952	159	16	itself	itself	PRON
cblr-2952	159	17	has	have	AUX
cblr-2952	159	18	often	often	ADV
cblr-2952	159	19	failed	fail	VERB
cblr-2952	159	20	to	to	PART
cblr-2952	159	21	engage	engage	VERB
cblr-2952	159	22	in	in	ADP
cblr-2952	159	23	when	when	SCONJ
cblr-2952	159	24	considering	consider	VERB
cblr-2952	159	25	regulation	regulation	NOUN
cblr-2952	159	26	of	of	ADP
cblr-2952	159	27	hedge	hedge	NOUN
cblr-2952	159	28	funds	fund	NOUN
cblr-2952	159	29	and	and	CCONJ
cblr-2952	159	30	private	private	ADJ
cblr-2952	159	31	equity	equity	NOUN
cblr-2952	159	32	.	.	PUNCT
cblr-2952	160	1	[	[	X
cblr-2952	160	2	vol	vol	NOUN
cblr-2952	160	3	.	.	NOUN
cblr-2952	160	4	2008	2008	NUM
cblr-2952	160	5	no	no	NOUN
cblr-2952	160	6	.	.	PUNCT
cblr-2952	161	1	1:172	1:172	NUM
cblr-2952	161	2	]	]	X
cblr-2952	161	3	black	black	ADJ
cblr-2952	161	4	market	market	NOUN
cblr-2952	161	5	capital	capital	NOUN
cblr-2952	161	6	183	183	NUM
cblr-2952	161	7	investments	investment	NOUN
cblr-2952	161	8	.	.	PUNCT
cblr-2952	162	1	part	part	NOUN
cblr-2952	162	2	iii	iii	NOUN
cblr-2952	162	3	discusses	discusse	NOUN
cblr-2952	162	4	and	and	CCONJ
cblr-2952	162	5	traces	trace	VERB
cblr-2952	162	6	the	the	DET
cblr-2952	162	7	history	history	NOUN
cblr-2952	162	8	of	of	ADP
cblr-2952	162	9	sec	sec	PROPN
cblr-2952	162	10	regulation	regulation	NOUN
cblr-2952	162	11	of	of	ADP
cblr-2952	162	12	these	these	DET
cblr-2952	162	13	investments	investment	NOUN
cblr-2952	162	14	.	.	PUNCT
cblr-2952	163	1	part	part	NOUN
cblr-2952	163	2	iv	iv	NUM
cblr-2952	163	3	introduces	introduce	VERB
cblr-2952	163	4	the	the	DET
cblr-2952	163	5	economics	economic	NOUN
cblr-2952	163	6	of	of	ADP
cblr-2952	163	7	black	black	ADJ
cblr-2952	163	8	market	market	NOUN
cblr-2952	163	9	capital	capital	NOUN
cblr-2952	163	10	and	and	CCONJ
cblr-2952	163	11	puts	put	VERB
cblr-2952	163	12	forth	forth	ADP
cblr-2952	163	13	a	a	DET
cblr-2952	163	14	number	number	NOUN
cblr-2952	163	15	of	of	ADP
cblr-2952	163	16	illustrative	illustrative	ADJ
cblr-2952	163	17	examples	example	NOUN
cblr-2952	163	18	of	of	ADP
cblr-2952	163	19	the	the	DET
cblr-2952	163	20	distortive	distortive	ADJ
cblr-2952	163	21	effects	effect	NOUN
cblr-2952	163	22	of	of	ADP
cblr-2952	163	23	today	today	NOUN
cblr-2952	163	24	's	's	PART
cblr-2952	163	25	sec	sec	PROPN
cblr-2952	163	26	hedge	hedge	NOUN
cblr-2952	163	27	fund	fund	NOUN
cblr-2952	163	28	and	and	CCONJ
cblr-2952	163	29	private	private	ADJ
cblr-2952	163	30	equity	equity	NOUN
cblr-2952	163	31	regulation	regulation	NOUN
cblr-2952	163	32	.	.	PUNCT
cblr-2952	164	1	part	part	NOUN
cblr-2952	164	2	v	v	ADP
cblr-2952	164	3	highlights	highlight	NOUN
cblr-2952	164	4	the	the	DET
cblr-2952	164	5	apparently	apparently	ADV
cblr-2952	164	6	irrational	irrational	ADJ
cblr-2952	164	7	and	and	CCONJ
cblr-2952	164	8	anti	anti	ADJ
cblr-2952	164	9	-	-	ADJ
cblr-2952	164	10	competitive	competitive	ADJ
cblr-2952	164	11	consequences	consequence	NOUN
cblr-2952	164	12	as	as	ADV
cblr-2952	164	13	well	well	ADV
cblr-2952	164	14	as	as	ADP
cblr-2952	164	15	the	the	DET
cblr-2952	164	16	adverse	adverse	ADJ
cblr-2952	164	17	market	market	NOUN
cblr-2952	164	18	effects	effect	NOUN
cblr-2952	164	19	of	of	ADP
cblr-2952	164	20	black	black	ADJ
cblr-2952	164	21	market	market	NOUN
cblr-2952	164	22	capital	capital	NOUN
cblr-2952	164	23	.	.	PUNCT
cblr-2952	165	1	having	having	AUX
cblr-2952	165	2	recognized	recognize	VERB
cblr-2952	165	3	the	the	DET
cblr-2952	165	4	costs	cost	NOUN
cblr-2952	165	5	associated	associate	VERB
cblr-2952	165	6	with	with	ADP
cblr-2952	165	7	the	the	DET
cblr-2952	165	8	current	current	ADJ
cblr-2952	165	9	regime	regime	NOUN
cblr-2952	165	10	,	,	PUNCT
cblr-2952	165	11	part	part	NOUN
cblr-2952	165	12	vi	vi	PROPN
cblr-2952	165	13	assesses	assess	VERB
cblr-2952	165	14	the	the	DET
cblr-2952	165	15	costs	cost	NOUN
cblr-2952	165	16	and	and	CCONJ
cblr-2952	165	17	benefits	benefit	NOUN
cblr-2952	165	18	associated	associate	VERB
cblr-2952	165	19	with	with	ADP
cblr-2952	165	20	a	a	DET
cblr-2952	165	21	new	new	ADJ
cblr-2952	165	22	,	,	PUNCT
cblr-2952	165	23	modern	modern	ADJ
cblr-2952	165	24	regulatory	regulatory	ADJ
cblr-2952	165	25	scheme	scheme	NOUN
cblr-2952	165	26	for	for	ADP
cblr-2952	165	27	hedge	hedge	NOUN
cblr-2952	165	28	funds	fund	NOUN
cblr-2952	165	29	and	and	CCONJ
cblr-2952	165	30	private	private	ADJ
cblr-2952	165	31	equity	equity	NOUN
cblr-2952	165	32	,	,	PUNCT
cblr-2952	165	33	one	one	NUM
cblr-2952	165	34	which	which	PRON
cblr-2952	165	35	would	would	AUX
cblr-2952	165	36	permit	permit	VERB
cblr-2952	165	37	the	the	DET
cblr-2952	165	38	public	public	ADJ
cblr-2952	165	39	offer	offer	NOUN
cblr-2952	165	40	and	and	CCONJ
cblr-2952	165	41	purchase	purchase	NOUN
cblr-2952	165	42	of	of	ADP
cblr-2952	165	43	these	these	DET
cblr-2952	165	44	investments	investment	NOUN
cblr-2952	165	45	.	.	PUNCT
cblr-2952	166	1	that	that	DET
cblr-2952	166	2	part	part	NOUN
cblr-2952	166	3	also	also	ADV
cblr-2952	166	4	proposes	propose	VERB
cblr-2952	166	5	one	one	NUM
cblr-2952	166	6	possible	possible	ADJ
cblr-2952	166	7	regulatory	regulatory	ADJ
cblr-2952	166	8	infrastructure	infrastructure	NOUN
cblr-2952	166	9	for	for	ADP
cblr-2952	166	10	an	an	DET
cblr-2952	166	11	open	open	ADJ
cblr-2952	166	12	market	market	NOUN
cblr-2952	166	13	solution	solution	NOUN
cblr-2952	166	14	.	.	PUNCT
cblr-2952	167	1	i	i	PRON
cblr-2952	167	2	conclude	conclude	VERB
cblr-2952	167	3	by	by	ADP
cblr-2952	167	4	highlighting	highlight	VERB
cblr-2952	167	5	some	some	PRON
cblr-2952	167	6	of	of	ADP
cblr-2952	167	7	the	the	DET
cblr-2952	167	8	regulatory	regulatory	ADJ
cblr-2952	167	9	lessons	lesson	NOUN
cblr-2952	167	10	drawn	draw	VERB
cblr-2952	167	11	from	from	ADP
cblr-2952	167	12	this	this	DET
cblr-2952	167	13	article	article	NOUN
cblr-2952	167	14	's	's	PART
cblr-2952	167	15	discussion	discussion	NOUN
cblr-2952	167	16	of	of	ADP
cblr-2952	167	17	black	black	ADJ
cblr-2952	167	18	market	market	NOUN
cblr-2952	167	19	capital	capital	NOUN
cblr-2952	167	20	,	,	PUNCT
cblr-2952	167	21	including	include	VERB
cblr-2952	167	22	the	the	DET
cblr-2952	167	23	need	need	NOUN
cblr-2952	167	24	for	for	ADP
cblr-2952	167	25	economic	economic	ADJ
cblr-2952	167	26	cost	cost	NOUN
cblr-2952	167	27	-	-	PUNCT
cblr-2952	167	28	benefit	benefit	NOUN
cblr-2952	167	29	analysis	analysis	NOUN
cblr-2952	167	30	in	in	ADP
cblr-2952	167	31	regulation	regulation	NOUN
cblr-2952	167	32	,	,	PUNCT
cblr-2952	167	33	the	the	DET
cblr-2952	167	34	sometimes	sometimes	ADV
cblr-2952	167	35	unintended	unintended	ADJ
cblr-2952	167	36	effects	effect	NOUN
cblr-2952	167	37	of	of	ADP
cblr-2952	167	38	regulating	regulate	VERB
cblr-2952	167	39	with	with	ADP
cblr-2952	167	40	regard	regard	NOUN
cblr-2952	167	41	to	to	ADP
cblr-2952	167	42	the	the	DET
cblr-2952	167	43	precautionary	precautionary	ADJ
cblr-2952	167	44	principle	principle	NOUN
cblr-2952	167	45	,	,	PUNCT
cblr-2952	167	46	and	and	CCONJ
cblr-2952	167	47	the	the	DET
cblr-2952	167	48	difficulty	difficulty	NOUN
cblr-2952	167	49	of	of	ADP
cblr-2952	167	50	regulating	regulate	VERB
cblr-2952	167	51	in	in	ADP
cblr-2952	167	52	an	an	DET
cblr-2952	167	53	era	era	NOUN
cblr-2952	167	54	of	of	ADP
cblr-2952	167	55	alternative	alternative	ADJ
cblr-2952	167	56	market	market	NOUN
cblr-2952	167	57	proliferation	proliferation	NOUN
cblr-2952	167	58	.	.	PUNCT
cblr-2952	168	1	i.	i.	PROPN
cblr-2952	168	2	the	the	DET
cblr-2952	168	3	rise	rise	NOUN
cblr-2952	168	4	of	of	ADP
cblr-2952	168	5	private	private	ADJ
cblr-2952	168	6	equity	equity	NOUN
cblr-2952	168	7	and	and	CCONJ
cblr-2952	168	8	hedge	hedge	NOUN
cblr-2952	168	9	funds	fund	NOUN
cblr-2952	168	10	this	this	DET
cblr-2952	168	11	part	part	NOUN
cblr-2952	168	12	briefly	briefly	ADV
cblr-2952	168	13	outlines	outline	VERB
cblr-2952	168	14	the	the	DET
cblr-2952	168	15	place	place	NOUN
cblr-2952	168	16	of	of	ADP
cblr-2952	168	17	hedge	hedge	NOUN
cblr-2952	168	18	funds	fund	NOUN
cblr-2952	168	19	and	and	CCONJ
cblr-2952	168	20	private	private	ADJ
cblr-2952	168	21	equity	equity	NOUN
cblr-2952	168	22	in	in	ADP
cblr-2952	168	23	today	today	NOUN
cblr-2952	168	24	's	's	PART
cblr-2952	168	25	u.s	u.s	PROPN
cblr-2952	168	26	.	.	PROPN
cblr-2952	168	27	capital	capital	NOUN
cblr-2952	168	28	market	market	NOUN
cblr-2952	168	29	.	.	PUNCT
cblr-2952	169	1	each	each	PRON
cblr-2952	169	2	of	of	ADP
cblr-2952	169	3	these	these	DET
cblr-2952	169	4	investments	investment	NOUN
cblr-2952	169	5	has	have	AUX
cblr-2952	169	6	increasingly	increasingly	ADV
cblr-2952	169	7	become	become	VERB
cblr-2952	169	8	a	a	DET
cblr-2952	169	9	force	force	NOUN
cblr-2952	169	10	in	in	ADP
cblr-2952	169	11	this	this	DET
cblr-2952	169	12	market	market	NOUN
cblr-2952	169	13	.	.	PUNCT
cblr-2952	170	1	moreover	moreover	ADV
cblr-2952	170	2	,	,	PUNCT
cblr-2952	170	3	beyond	beyond	ADP
cblr-2952	170	4	their	their	PRON
cblr-2952	170	5	externalized	externalize	VERB
cblr-2952	170	6	effect	effect	NOUN
cblr-2952	170	7	,	,	PUNCT
cblr-2952	170	8	hedge	hedge	NOUN
cblr-2952	170	9	funds	fund	NOUN
cblr-2952	170	10	and	and	CCONJ
cblr-2952	170	11	private	private	ADJ
cblr-2952	170	12	equity	equity	NOUN
cblr-2952	170	13	have	have	AUX
cblr-2952	170	14	each	each	PRON
cblr-2952	170	15	historically	historically	ADV
cblr-2952	170	16	provided	provide	VERB
cblr-2952	170	17	unique	unique	ADJ
cblr-2952	170	18	and	and	CCONJ
cblr-2952	170	19	valued	value	VERB
cblr-2952	170	20	benefits	benefit	NOUN
cblr-2952	170	21	to	to	ADP
cblr-2952	170	22	their	their	PRON
cblr-2952	170	23	investors	investor	NOUN
cblr-2952	170	24	,	,	PUNCT
cblr-2952	170	25	a	a	DET
cblr-2952	170	26	key	key	NOUN
cblr-2952	170	27	to	to	ADP
cblr-2952	170	28	their	their	PRON
cblr-2952	170	29	rise	rise	NOUN
cblr-2952	170	30	and	and	CCONJ
cblr-2952	170	31	importance	importance	NOUN
cblr-2952	170	32	.	.	PUNCT
cblr-2952	171	1	it	it	PRON
cblr-2952	171	2	is	be	AUX
cblr-2952	171	3	the	the	DET
cblr-2952	171	4	investor	investor	NOUN
cblr-2952	171	5	demand	demand	NOUN
cblr-2952	171	6	for	for	ADP
cblr-2952	171	7	these	these	DET
cblr-2952	171	8	benefits	benefit	NOUN
cblr-2952	171	9	which	which	PRON
cblr-2952	171	10	create	create	VERB
cblr-2952	171	11	the	the	DET
cblr-2952	171	12	impetus	impetus	NOUN
cblr-2952	171	13	for	for	ADP
cblr-2952	171	14	black	black	ADJ
cblr-2952	171	15	market	market	NOUN
cblr-2952	171	16	capital	capital	NOUN
cblr-2952	171	17	.	.	PUNCT
cblr-2952	172	1	a.	a.	PROPN
cblr-2952	172	2	private	private	PROPN
cblr-2952	172	3	equity	equity	PROPN
cblr-2952	172	4	private	private	ADJ
cblr-2952	172	5	equity	equity	NOUN
cblr-2952	172	6	is	be	AUX
cblr-2952	172	7	a	a	DET
cblr-2952	172	8	generalized	generalized	ADJ
cblr-2952	172	9	term	term	NOUN
cblr-2952	172	10	used	use	VERB
cblr-2952	172	11	to	to	PART
cblr-2952	172	12	refer	refer	VERB
cblr-2952	172	13	to	to	ADP
cblr-2952	172	14	the	the	DET
cblr-2952	172	15	acquisition	acquisition	NOUN
cblr-2952	172	16	of	of	ADP
cblr-2952	172	17	both	both	CCONJ
cblr-2952	172	18	public	public	ADJ
cblr-2952	172	19	and	and	CCONJ
cblr-2952	172	20	private	private	ADJ
cblr-2952	172	21	companies	company	NOUN
cblr-2952	172	22	by	by	ADP
cblr-2952	172	23	private	private	ADJ
cblr-2952	172	24	corporate	corporate	ADJ
cblr-2952	172	25	investment	investment	NOUN
cblr-2952	172	26	entities	entity	NOUN
cblr-2952	172	27	utilizing	utilize	VERB
cblr-2952	172	28	a	a	DET
cblr-2952	172	29	leveraged	leverage	VERB
cblr-2952	172	30	financing	financing	NOUN
cblr-2952	172	31	columbia	columbia	PROPN
cblr-2952	172	32	business	business	PROPN
cblr-2952	172	33	law	law	PROPN
cblr-2952	172	34	review	review	NOUN
cblr-2952	172	35	structure	structure	NOUN
cblr-2952	172	36	.	.	PUNCT
cblr-2952	173	1	9	9	NUM
cblr-2952	173	2	private	private	ADJ
cblr-2952	173	3	equity	equity	NOUN
cblr-2952	173	4	in	in	ADP
cblr-2952	173	5	its	its	PRON
cblr-2952	173	6	current	current	ADJ
cblr-2952	173	7	form	form	NOUN
cblr-2952	173	8	largely	largely	ADV
cblr-2952	173	9	had	have	VERB
cblr-2952	173	10	its	its	PRON
cblr-2952	173	11	origins	origin	NOUN
cblr-2952	173	12	in	in	ADP
cblr-2952	173	13	the	the	DET
cblr-2952	173	14	1950s	1950	NOUN
cblr-2952	173	15	and	and	CCONJ
cblr-2952	173	16	1960s	1960	NOUN
cblr-2952	173	17	with	with	ADP
cblr-2952	173	18	individual	individual	ADJ
cblr-2952	173	19	and	and	CCONJ
cblr-2952	173	20	family	family	NOUN
cblr-2952	173	21	investors	investor	NOUN
cblr-2952	173	22	.	.	PUNCT
cblr-2952	174	1	30	30	NUM
cblr-2952	175	1	it	it	PRON
cblr-2952	175	2	was	be	AUX
cblr-2952	175	3	not	not	PART
cblr-2952	175	4	until	until	SCONJ
cblr-2952	175	5	the	the	DET
cblr-2952	175	6	mid-1970s	mid-1970	NOUN
cblr-2952	175	7	that	that	PRON
cblr-2952	175	8	private	private	ADJ
cblr-2952	175	9	equity	equity	NOUN
cblr-2952	175	10	as	as	SCONJ
cblr-2952	175	11	practiced	practice	VERB
cblr-2952	175	12	today	today	NOUN
cblr-2952	175	13	by	by	ADP
cblr-2952	175	14	investment	investment	NOUN
cblr-2952	175	15	partnerships	partnership	NOUN
cblr-2952	175	16	emerged	emerge	VERB
cblr-2952	175	17	.	.	PUNCT
cblr-2952	175	18	"	"	PUNCT
cblr-2952	176	1	thereafter	thereafter	ADV
cblr-2952	176	2	,	,	PUNCT
cblr-2952	176	3	private	private	ADJ
cblr-2952	176	4	equity	equity	NOUN
cblr-2952	176	5	rapidly	rapidly	ADV
cblr-2952	176	6	grew	grow	VERB
cblr-2952	176	7	in	in	ADP
cblr-2952	176	8	prominence	prominence	NOUN
cblr-2952	176	9	during	during	ADP
cblr-2952	176	10	the	the	DET
cblr-2952	176	11	1980s	1980s	NUM
cblr-2952	176	12	;	;	PUNCT
cblr-2952	176	13	the	the	DET
cblr-2952	176	14	creation	creation	NOUN
cblr-2952	176	15	of	of	ADP
cblr-2952	176	16	a	a	DET
cblr-2952	176	17	high	high	ADJ
cblr-2952	176	18	yield	yield	NOUN
cblr-2952	176	19	credit	credit	NOUN
cblr-2952	176	20	market	market	NOUN
cblr-2952	176	21	by	by	ADP
cblr-2952	176	22	michael	michael	PROPN
cblr-2952	176	23	milken	milken	PROPN
cblr-2952	176	24	and	and	CCONJ
cblr-2952	176	25	the	the	DET
cblr-2952	176	26	development	development	NOUN
cblr-2952	176	27	of	of	ADP
cblr-2952	176	28	a	a	DET
cblr-2952	176	29	thick	thick	ADJ
cblr-2952	176	30	takeover	takeover	NOUN
cblr-2952	176	31	market	market	NOUN
cblr-2952	176	32	created	create	VERB
cblr-2952	176	33	the	the	DET
cblr-2952	176	34	infrastructure	infrastructure	NOUN
cblr-2952	176	35	to	to	PART
cblr-2952	176	36	support	support	VERB
cblr-2952	176	37	sizable	sizable	ADJ
cblr-2952	176	38	private	private	ADJ
cblr-2952	176	39	equity	equity	NOUN
cblr-2952	176	40	activity.32	activity.32	PROPN
cblr-2952	176	41	in	in	ADP
cblr-2952	176	42	recent	recent	ADJ
cblr-2952	176	43	years	year	NOUN
cblr-2952	176	44	,	,	PUNCT
cblr-2952	176	45	private	private	ADJ
cblr-2952	176	46	equity	equity	NOUN
cblr-2952	176	47	has	have	AUX
cblr-2952	176	48	achieved	achieve	VERB
cblr-2952	176	49	unparalleled	unparalleled	ADJ
cblr-2952	176	50	influence	influence	NOUN
cblr-2952	176	51	illustrated	illustrate	VERB
cblr-2952	176	52	by	by	ADP
cblr-2952	176	53	the	the	DET
cblr-2952	176	54	following	follow	VERB
cblr-2952	176	55	chart	chart	NOUN
cblr-2952	176	56	which	which	PRON
cblr-2952	176	57	sets	set	VERB
cblr-2952	176	58	forth	forth	ADP
cblr-2952	176	59	the	the	DET
cblr-2952	176	60	number	number	NOUN
cblr-2952	176	61	of	of	ADP
cblr-2952	176	62	domestic	domestic	ADJ
cblr-2952	176	63	takeovers	takeover	NOUN
cblr-2952	176	64	involving	involve	VERB
cblr-2952	176	65	private	private	ADJ
cblr-2952	176	66	equity	equity	NOUN
cblr-2952	176	67	from	from	ADP
cblr-2952	176	68	1999	1999	NUM
cblr-2952	176	69	through	through	ADP
cblr-2952	176	70	2006	2006	NUM
cblr-2952	176	71	:	:	PUNCT
cblr-2952	176	72	29	29	NUM
cblr-2952	176	73	the	the	DET
cblr-2952	176	74	term	term	NOUN
cblr-2952	176	75	is	be	AUX
cblr-2952	176	76	sometimes	sometimes	ADV
cblr-2952	176	77	used	use	VERB
cblr-2952	176	78	on	on	ADP
cblr-2952	176	79	a	a	DET
cblr-2952	176	80	more	more	ADV
cblr-2952	176	81	general	general	ADJ
cblr-2952	176	82	basis	basis	NOUN
cblr-2952	176	83	to	to	PART
cblr-2952	176	84	include	include	VERB
cblr-2952	176	85	investment	investment	NOUN
cblr-2952	176	86	in	in	ADP
cblr-2952	176	87	any	any	DET
cblr-2952	176	88	private	private	ADJ
cblr-2952	176	89	company	company	NOUN
cblr-2952	176	90	including	include	VERB
cblr-2952	176	91	venture	venture	NOUN
cblr-2952	176	92	capital	capital	NOUN
cblr-2952	176	93	investments	investment	NOUN
cblr-2952	176	94	.	.	PUNCT
cblr-2952	177	1	this	this	DET
cblr-2952	177	2	article	article	NOUN
cblr-2952	177	3	specifically	specifically	ADV
cblr-2952	177	4	avoids	avoid	VERB
cblr-2952	177	5	the	the	DET
cblr-2952	177	6	question	question	NOUN
cblr-2952	177	7	of	of	ADP
cblr-2952	177	8	venture	venture	NOUN
cblr-2952	177	9	capital	capital	NOUN
cblr-2952	177	10	and	and	CCONJ
cblr-2952	177	11	other	other	ADJ
cblr-2952	177	12	such	such	ADJ
cblr-2952	177	13	"	"	PUNCT
cblr-2952	177	14	private	private	ADJ
cblr-2952	177	15	"	"	PUNCT
cblr-2952	177	16	investments	investment	NOUN
cblr-2952	177	17	due	due	ADP
cblr-2952	177	18	to	to	ADP
cblr-2952	177	19	their	their	PRON
cblr-2952	177	20	own	own	ADJ
cblr-2952	177	21	unique	unique	ADJ
cblr-2952	177	22	attributes	attribute	NOUN
cblr-2952	177	23	,	,	PUNCT
cblr-2952	177	24	though	though	SCONJ
cblr-2952	177	25	logically	logically	ADV
cblr-2952	177	26	this	this	DET
cblr-2952	177	27	article	article	NOUN
cblr-2952	177	28	's	's	PART
cblr-2952	177	29	ultimate	ultimate	ADJ
cblr-2952	177	30	proposal	proposal	NOUN
cblr-2952	177	31	and	and	CCONJ
cblr-2952	177	32	observations	observation	NOUN
cblr-2952	177	33	are	be	AUX
cblr-2952	177	34	applicable	applicable	ADJ
cblr-2952	177	35	to	to	PART
cblr-2952	177	36	venture	venture	VERB
cblr-2952	177	37	capital	capital	NOUN
cblr-2952	177	38	funds	fund	NOUN
cblr-2952	177	39	.	.	PUNCT
cblr-2952	178	1	30	30	NUM
cblr-2952	178	2	see	see	VERB
cblr-2952	178	3	katherine	katherine	PROPN
cblr-2952	178	4	a.	a.	PROPN
cblr-2952	178	5	cattanach	cattanach	PROPN
cblr-2952	178	6	et	et	PROPN
cblr-2952	178	7	al	al	PROPN
cblr-2952	178	8	.	.	PROPN
cblr-2952	178	9	,	,	PUNCT
cblr-2952	178	10	hidden	hide	VERB
cblr-2952	178	11	treasure	treasure	NOUN
cblr-2952	178	12	:	:	PUNCT
cblr-2952	178	13	a	a	DET
cblr-2952	178	14	look	look	NOUN
cblr-2952	178	15	into	into	ADP
cblr-2952	178	16	private	private	ADJ
cblr-2952	178	17	equity	equity	NOUN
cblr-2952	178	18	's	's	PART
cblr-2952	178	19	history	history	NOUN
cblr-2952	178	20	,	,	PUNCT
cblr-2952	178	21	future	future	NOUN
cblr-2952	178	22	,	,	PUNCT
cblr-2952	178	23	and	and	CCONJ
cblr-2952	178	24	lure	lure	VERB
cblr-2952	178	25	,	,	PUNCT
cblr-2952	178	26	j.	j.	PROPN
cblr-2952	178	27	wealth	wealth	PROPN
cblr-2952	178	28	mgmt	mgmt	PROPN
cblr-2952	178	29	.	.	PROPN
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cblr-2952	178	31	27	27	NUM
cblr-2952	178	32	,	,	PUNCT
cblr-2952	178	33	28	28	NUM
cblr-2952	178	34	(	(	PUNCT
cblr-2952	178	35	summer	summer	NOUN
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cblr-2952	178	38	,	,	PUNCT
cblr-2952	178	39	available	available	ADJ
cblr-2952	178	40	at	at	ADP
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cblr-2952	178	42	"	"	PUNCT
cblr-2952	178	43	'	'	PUNCT
cblr-2952	178	44	for	for	ADP
cblr-2952	178	45	those	those	PRON
cblr-2952	178	46	wanting	want	VERB
cblr-2952	178	47	to	to	PART
cblr-2952	178	48	date	date	VERB
cblr-2952	178	49	its	its	PRON
cblr-2952	178	50	birth	birth	NOUN
cblr-2952	178	51	,	,	PUNCT
cblr-2952	178	52	it	it	PRON
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cblr-2952	178	55	best	well	ADV
cblr-2952	178	56	sited	site	VERB
cblr-2952	178	57	on	on	ADP
cblr-2952	178	58	the	the	DET
cblr-2952	178	59	date	date	NOUN
cblr-2952	178	60	of	of	ADP
cblr-2952	178	61	formation	formation	NOUN
cblr-2952	178	62	of	of	ADP
cblr-2952	178	63	the	the	DET
cblr-2952	178	64	buy	buy	VERB
cblr-2952	178	65	-	-	PUNCT
cblr-2952	178	66	out	out	ADP
cblr-2952	178	67	firm	firm	ADJ
cblr-2952	178	68	kohlberg	kohlberg	PROPN
cblr-2952	178	69	,	,	PUNCT
cblr-2952	178	70	kravis	kravis	PROPN
cblr-2952	178	71	&	&	CCONJ
cblr-2952	178	72	roberts	roberts	PROPN
cblr-2952	178	73	(	(	PUNCT
cblr-2952	178	74	"	"	PUNCT
cblr-2952	178	75	kkr	kkr	PROPN
cblr-2952	178	76	"	"	PUNCT
cblr-2952	178	77	)	)	PUNCT
cblr-2952	178	78	in	in	ADP
cblr-2952	178	79	1976	1976	NUM
cblr-2952	178	80	.	.	PUNCT
cblr-2952	179	1	see	see	VERB
cblr-2952	179	2	allen	allen	PROPN
cblr-2952	179	3	kaufman	kaufman	PROPN
cblr-2952	179	4	and	and	CCONJ
cblr-2952	179	5	ernest	ernest	PROPN
cblr-2952	179	6	j.	j.	PROPN
cblr-2952	179	7	englander	englander	PROPN
cblr-2952	179	8	,	,	PUNCT
cblr-2952	179	9	kohlberg	kohlberg	PROPN
cblr-2952	179	10	kravis	kravis	PROPN
cblr-2952	179	11	roberts	roberts	PROPN
cblr-2952	179	12	&	&	CCONJ
cblr-2952	179	13	co.	co.	PROPN
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cblr-2952	179	15	the	the	DET
cblr-2952	179	16	restructuring	restructuring	NOUN
cblr-2952	179	17	of	of	ADP
cblr-2952	179	18	american	american	ADJ
cblr-2952	179	19	capitalism	capitalism	NOUN
cblr-2952	179	20	,	,	PUNCT
cblr-2952	179	21	67	67	NUM
cblr-2952	179	22	bus	bus	NOUN
cblr-2952	179	23	.	.	PUNCT
cblr-2952	180	1	hist	hist	PROPN
cblr-2952	180	2	.	.	PUNCT
cblr-2952	181	1	rev	rev	PROPN
cblr-2952	181	2	.	.	PROPN
cblr-2952	181	3	52	52	NUM
cblr-2952	181	4	,	,	PUNCT
cblr-2952	181	5	67	67	NUM
cblr-2952	181	6	-	-	SYM
cblr-2952	181	7	68	68	NUM
cblr-2952	181	8	(	(	PUNCT
cblr-2952	181	9	1993	1993	NUM
cblr-2952	181	10	)	)	PUNCT
cblr-2952	181	11	.	.	PUNCT
cblr-2952	182	1	2	2	NUM
cblr-2952	182	2	see	see	VERB
cblr-2952	182	3	brian	brian	PROPN
cblr-2952	182	4	cheffins	cheffins	PROPN
cblr-2952	182	5	&	&	CCONJ
cblr-2952	182	6	john	john	PROPN
cblr-2952	182	7	armour	armour	PROPN
cblr-2952	182	8	,	,	PUNCT
cblr-2952	182	9	the	the	DET
cblr-2952	182	10	eclipse	eclipse	NOUN
cblr-2952	182	11	of	of	ADP
cblr-2952	182	12	private	private	ADJ
cblr-2952	182	13	equity	equity	NOUN
cblr-2952	182	14	,	,	PUNCT
cblr-2952	182	15	at	at	ADP
cblr-2952	182	16	14	14	NUM
cblr-2952	182	17	-	-	SYM
cblr-2952	182	18	18	18	NUM
cblr-2952	182	19	(	(	PUNCT
cblr-2952	182	20	apr	apr	PROPN
cblr-2952	182	21	.	.	PROPN
cblr-2952	182	22	2007	2007	NUM
cblr-2952	182	23	)	)	PUNCT
cblr-2952	182	24	,	,	PUNCT
cblr-2952	182	25	available	available	ADJ
cblr-2952	182	26	at	at	ADP
cblr-2952	182	27	http://ssrn.com/abstract=982114	http://ssrn.com/abstract=982114	NOUN
cblr-2952	182	28	.	.	PUNCT
cblr-2952	183	1	[	[	X
cblr-2952	183	2	vol	vol	NOUN
cblr-2952	183	3	.	.	PUNCT
cblr-2952	183	4	2008	2008	NUM
cblr-2952	183	5	chart	chart	NOUN
cblr-2952	183	6	1a	1a	PROPN
cblr-2952	183	7	private	private	ADJ
cblr-2952	183	8	equity	equity	NOUN
cblr-2952	183	9	m&a	m&a	PROPN
cblr-2952	183	10	activity	activity	NOUN
cblr-2952	183	11	1999	1999	NUM
cblr-2952	183	12	through	through	ADP
cblr-2952	183	13	2006	2006	NUM
cblr-2952	183	14	25	25	NUM
cblr-2952	183	15	-	-	SYM
cblr-2952	183	16	0	0	NUM
cblr-2952	183	17	800	800	NUM
cblr-2952	183	18	i	i	PRON
cblr-2952	183	19	~caoft	~caoft	ADP
cblr-2952	183	20	2s%	2s%	NUM
cblr-2952	183	21	2	2	NUM
cblr-2952	183	22	.	.	PUNCT
cblr-2952	184	1	s400	s400	PROPN
cblr-2952	184	2	sllob	sllob	VERB
cblr-2952	184	3	s200	s200	NUM
cblr-2952	184	4	55	55	NUM
cblr-2952	184	5	$	$	SYM
cblr-2952	184	6	108	108	NUM
cblr-2952	184	7	-5.0	-5.0	SYM
cblr-2952	184	8	000	000	NUM
cblr-2952	185	1	im90	im90	PROPN
cblr-2952	185	2	200	200	NUM
cblr-2952	185	3	201	201	NUM
cblr-2952	185	4	21102	21102	NUM
cblr-2952	185	5	2d	2d	NOUN
cblr-2952	185	6	004	004	NUM
cblr-2952	185	7	2005	2005	NUM
cblr-2952	185	8	2=	2=	NUM
cblr-2952	185	9	pd1vteo	pd1vteo	PROPN
cblr-2952	185	10	e±	e±	PROPN
cblr-2952	185	11	lia	lia	PROPN
cblr-2952	185	12	vcljrns	vcljrns	PROPN
cblr-2952	185	13	$	$	SYM
cblr-2952	185	14	bn	bn	NOUN
cblr-2952	185	15	)	)	PUNCT
cblr-2952	185	16	'	'	PUNCT
cblr-2952	185	17	of	of	ADP
cblr-2952	185	18	tou	tou	PROPN
cblr-2952	185	19	lisa	lisa	PROPN
cblr-2952	185	20	33	33	NUM
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cblr-2952	185	22	:	:	PUNCT
cblr-2952	185	23	thomson	thomson	PROPN
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cblr-2952	185	25	private	private	ADJ
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cblr-2952	185	28	historically	historically	ADV
cblr-2952	185	29	been	be	AUX
cblr-2952	185	30	a	a	DET
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cblr-2952	185	32	asset	asset	NOUN
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cblr-2952	185	34	;	;	PUNCT
cblr-2952	185	35	it	it	PRON
cblr-2952	185	36	has	have	AUX
cblr-2952	185	37	largely	largely	ADV
cblr-2952	185	38	exhibited	exhibit	VERB
cblr-2952	185	39	correlative	correlative	ADJ
cblr-2952	185	40	properties	property	NOUN
cblr-2952	185	41	with	with	ADP
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cblr-2952	185	43	domestic	domestic	ADJ
cblr-2952	185	44	credit	credit	NOUN
cblr-2952	185	45	and	and	CCONJ
cblr-2952	185	46	takeover	takeover	NOUN
cblr-2952	185	47	markets	market	NOUN
cblr-2952	185	48	4	4	NUM
cblr-2952	185	49	as	as	SCONJ
cblr-2952	185	50	chart	chart	NOUN
cblr-2952	185	51	1a	1a	PROPN
cblr-2952	185	52	shows	show	NOUN
cblr-2952	185	53	,	,	PUNCT
cblr-2952	185	54	in	in	ADP
cblr-2952	185	55	recent	recent	ADJ
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cblr-2952	185	57	private	private	ADJ
cblr-2952	185	58	equity	equity	NOUN
cblr-2952	185	59	reached	reach	VERB
cblr-2952	185	60	a	a	DET
cblr-2952	185	61	high	high	ADJ
cblr-2952	185	62	tide	tide	NOUN
cblr-2952	185	63	.	.	PUNCT
cblr-2952	186	1	according	accord	VERB
cblr-2952	186	2	to	to	ADP
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cblr-2952	186	5	,	,	PUNCT
cblr-2952	186	6	as	as	ADP
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cblr-2952	186	10	of	of	ADP
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cblr-2952	186	12	there	there	PRON
cblr-2952	186	13	were	be	VERB
cblr-2952	186	14	approximately	approximately	ADV
cblr-2952	186	15	2700	2700	NUM
cblr-2952	186	16	private	private	ADJ
cblr-2952	186	17	equity	equity	NOUN
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cblr-2952	186	19	.	.	PUNCT
cblr-2952	187	1	5	5	NUM
cblr-2952	187	2	in	in	ADP
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cblr-2952	187	4	,	,	PUNCT
cblr-2952	187	5	these	these	DET
cblr-2952	187	6	funds	fund	NOUN
cblr-2952	187	7	represented	represent	VERB
cblr-2952	187	8	twenty	twenty	NUM
cblr-2952	187	9	-	-	PUNCT
cblr-2952	187	10	eight	eight	NUM
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cblr-2952	187	12	of	of	ADP
cblr-2952	187	13	announced	announce	VERB
cblr-2952	187	14	domestic	domestic	ADJ
cblr-2952	187	15	takeover	takeover	NOUN
cblr-2952	187	16	activity	activity	NOUN
cblr-2952	187	17	or	or	CCONJ
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cblr-2952	187	25	,	,	PUNCT
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cblr-2952	187	27	-	-	PUNCT
cblr-2952	187	28	one	one	NUM
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cblr-2952	187	35	,	,	PUNCT
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cblr-2952	187	38	-	-	PUNCT
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cblr-2952	187	40	"	"	PUNCT
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cblr-2952	187	50	on	on	ADP
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cblr-2952	187	53	,	,	PUNCT
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cblr-2952	187	55	-	-	PUNCT
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cblr-2952	187	58	at	at	ADP
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cblr-2952	187	61	filed	file	VERB
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cblr-2952	188	1	[	[	X
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cblr-2952	188	6	]	]	X
cblr-2952	188	7	.	.	PUNCT
cblr-2952	189	1	the	the	DET
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cblr-2952	189	3	"	"	PUNCT
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cblr-2952	189	5	"	"	PUNCT
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cblr-2952	189	14	a	a	DET
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cblr-2952	189	16	rate	rate	NOUN
cblr-2952	189	17	of	of	ADP
cblr-2952	189	18	growth	growth	NOUN
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cblr-2952	189	23	.	.	PUNCT
cblr-2952	189	24	"	"	PUNCT
cblr-2952	190	1	see	see	VERB
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cblr-2952	190	19	&	&	CCONJ
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cblr-2952	190	29	:	:	PUNCT
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cblr-2952	190	34	financial	financial	ADJ
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cblr-2952	190	37	,	,	PUNCT
cblr-2952	190	38	48(5	48(5	NUM
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cblr-2952	190	42	.	.	PUNCT
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cblr-2952	191	2	(	(	PUNCT
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cblr-2952	191	4	.	.	PROPN
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cblr-2952	192	1	(	(	PUNCT
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cblr-2952	192	6	leveraged	leveraged	ADJ
cblr-2952	192	7	buyout	buyout	NOUN
cblr-2952	192	8	activity	activity	NOUN
cblr-2952	192	9	and	and	CCONJ
cblr-2952	192	10	finding	find	VERB
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cblr-2952	192	13	among	among	ADP
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cblr-2952	192	15	of	of	ADP
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cblr-2952	192	17	activity	activity	NOUN
cblr-2952	192	18	)	)	PUNCT
cblr-2952	192	19	.	.	PUNCT
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cblr-2952	192	28	and	and	CCONJ
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cblr-2952	192	31	for	for	ADP
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cblr-2952	192	34	,	,	PUNCT
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cblr-2952	192	42	.	.	PUNCT
cblr-2952	193	1	3	3	NUM
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cblr-2952	193	4	(	(	PUNCT
cblr-2952	193	5	summer	summer	NOUN
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cblr-2952	193	8	.	.	PUNCT
cblr-2952	194	1	black	black	ADJ
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cblr-2952	195	3	columbia	columbia	PROPN
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cblr-2952	195	6	w	w	PROPN
cblr-2952	195	7	review	review	PROPN
cblr-2952	195	8	percent	percent	NOUN
cblr-2952	195	9	of	of	ADP
cblr-2952	195	10	the	the	DET
cblr-2952	195	11	domestic	domestic	ADJ
cblr-2952	195	12	high	high	ADJ
cblr-2952	195	13	yield	yield	NOUN
cblr-2952	195	14	market.36	market.36	NOUN
cblr-2952	195	15	in	in	ADP
cblr-2952	195	16	that	that	DET
cblr-2952	195	17	year	year	NOUN
cblr-2952	195	18	private	private	ADJ
cblr-2952	195	19	equity	equity	NOUN
cblr-2952	195	20	funds	fund	NOUN
cblr-2952	195	21	also	also	ADV
cblr-2952	195	22	accounted	account	VERB
cblr-2952	195	23	for	for	ADP
cblr-2952	195	24	thirty	thirty	NUM
cblr-2952	195	25	-	-	PUNCT
cblr-2952	195	26	one	one	NUM
cblr-2952	195	27	percent	percent	NOUN
cblr-2952	195	28	of	of	ADP
cblr-2952	195	29	total	total	ADJ
cblr-2952	195	30	domestic	domestic	ADJ
cblr-2952	195	31	initial	initial	ADJ
cblr-2952	195	32	public	public	ADJ
cblr-2952	195	33	offering	offering	NOUN
cblr-2952	195	34	volume	volume	NOUN
cblr-2952	195	35	and	and	CCONJ
cblr-2952	195	36	thirty	thirty	NUM
cblr-2952	195	37	-	-	PUNCT
cblr-2952	195	38	two	two	NUM
cblr-2952	195	39	percent	percent	NOUN
cblr-2952	195	40	of	of	ADP
cblr-2952	195	41	offering	offer	VERB
cblr-2952	195	42	proceeds	proceed	NOUN
cblr-2952	195	43	.	.	PUNCT
cblr-2952	196	1	7	7	NUM
cblr-2952	196	2	these	these	DET
cblr-2952	196	3	statistics	statistic	NOUN
cblr-2952	196	4	evidence	evidence	VERB
cblr-2952	196	5	the	the	DET
cblr-2952	196	6	importance	importance	NOUN
cblr-2952	196	7	and	and	CCONJ
cblr-2952	196	8	relevance	relevance	NOUN
cblr-2952	196	9	during	during	ADP
cblr-2952	196	10	this	this	DET
cblr-2952	196	11	time	time	NOUN
cblr-2952	196	12	period	period	NOUN
cblr-2952	196	13	of	of	ADP
cblr-2952	196	14	the	the	DET
cblr-2952	196	15	private	private	ADJ
cblr-2952	196	16	equity	equity	NOUN
cblr-2952	196	17	cycle	cycle	NOUN
cblr-2952	196	18	to	to	ADP
cblr-2952	196	19	the	the	DET
cblr-2952	196	20	u.s	u.s	PROPN
cblr-2952	196	21	.	.	PROPN
cblr-2952	196	22	capital	capital	PROPN
cblr-2952	196	23	market.38	market.38	PROPN
cblr-2952	196	24	private	private	ADJ
cblr-2952	196	25	equity	equity	NOUN
cblr-2952	196	26	not	not	PART
cblr-2952	196	27	only	only	ADV
cblr-2952	196	28	fuels	fuel	NOUN
cblr-2952	196	29	the	the	DET
cblr-2952	196	30	takeover	takeover	NOUN
cblr-2952	196	31	and	and	CCONJ
cblr-2952	196	32	credit	credit	NOUN
cblr-2952	196	33	markets	market	NOUN
cblr-2952	196	34	,	,	PUNCT
cblr-2952	196	35	but	but	CCONJ
cblr-2952	196	36	also	also	ADV
cblr-2952	196	37	the	the	DET
cblr-2952	196	38	initial	initial	ADJ
cblr-2952	196	39	public	public	ADJ
cblr-2952	196	40	offering	offering	NOUN
cblr-2952	196	41	market	market	NOUN
cblr-2952	196	42	through	through	ADP
cblr-2952	196	43	private	private	ADJ
cblr-2952	196	44	equity	equity	NOUN
cblr-2952	196	45	's	's	PART
cblr-2952	196	46	ultimate	ultimate	ADJ
cblr-2952	196	47	need	need	NOUN
cblr-2952	196	48	to	to	PART
cblr-2952	196	49	realize	realize	VERB
cblr-2952	196	50	a	a	DET
cblr-2952	196	51	sale	sale	NOUN
cblr-2952	196	52	.	.	PUNCT
cblr-2952	197	1	private	private	ADJ
cblr-2952	197	2	equity	equity	NOUN
cblr-2952	197	3	's	's	PART
cblr-2952	197	4	current	current	ADJ
cblr-2952	197	5	prominence	prominence	NOUN
cblr-2952	197	6	is	be	AUX
cblr-2952	197	7	ultimately	ultimately	ADV
cblr-2952	197	8	attributable	attributable	ADJ
cblr-2952	197	9	to	to	ADP
cblr-2952	197	10	its	its	PRON
cblr-2952	197	11	remarkable	remarkable	ADJ
cblr-2952	197	12	ability	ability	NOUN
cblr-2952	197	13	to	to	PART
cblr-2952	197	14	raise	raise	VERB
cblr-2952	197	15	large	large	ADJ
cblr-2952	197	16	sums	sum	NOUN
cblr-2952	197	17	of	of	ADP
cblr-2952	197	18	equity	equity	NOUN
cblr-2952	197	19	capital	capital	NOUN
cblr-2952	197	20	to	to	PART
cblr-2952	197	21	make	make	VERB
cblr-2952	197	22	and	and	CCONJ
cblr-2952	197	23	finance	finance	VERB
cblr-2952	197	24	these	these	DET
cblr-2952	197	25	acquisitions	acquisition	NOUN
cblr-2952	197	26	.	.	PUNCT
cblr-2952	198	1	the	the	DET
cblr-2952	198	2	following	follow	VERB
cblr-2952	198	3	chart	chart	NOUN
cblr-2952	198	4	sets	set	VERB
cblr-2952	198	5	forth	forth	ADP
cblr-2952	198	6	private	private	ADJ
cblr-2952	198	7	equity	equity	NOUN
cblr-2952	198	8	's	's	PART
cblr-2952	198	9	new	new	ADJ
cblr-2952	198	10	equity	equity	NOUN
cblr-2952	198	11	capital	capital	NOUN
cblr-2952	198	12	raised	raise	VERB
cblr-2952	198	13	in	in	ADP
cblr-2952	198	14	the	the	DET
cblr-2952	198	15	united	united	PROPN
cblr-2952	198	16	states	states	PROPN
cblr-2952	198	17	during	during	ADP
cblr-2952	198	18	the	the	DET
cblr-2952	198	19	same	same	ADJ
cblr-2952	198	20	period	period	NOUN
cblr-2952	198	21	,	,	PUNCT
cblr-2952	198	22	1999	1999	NUM
cblr-2952	198	23	through	through	ADP
cblr-2952	198	24	2006	2006	NUM
cblr-2952	198	25	:	:	PUNCT
cblr-2952	198	26	chart	chart	VERB
cblr-2952	198	27	1b	1b	NUM
cblr-2952	198	28	u.s	u.s	PROPN
cblr-2952	198	29	.	.	PROPN
cblr-2952	198	30	corporate	corporate	ADJ
cblr-2952	198	31	private	private	ADJ
cblr-2952	198	32	equity	equity	NOUN
cblr-2952	198	33	funds	fund	NOUN
cblr-2952	198	34	raised	raise	VERB
cblr-2952	198	35	$	$	SYM
cblr-2952	198	36	200	200	NUM
cblr-2952	198	37	$	$	SYM
cblr-2952	198	38	180	180	NUM
cblr-2952	198	39	$	$	SYM
cblr-2952	198	40	*	*	NUM
cblr-2952	198	41	173	173	NUM
cblr-2952	198	42	$	$	SYM
cblr-2952	198	43	160	160	NUM
cblr-2952	198	44	$	$	SYM
cblr-2952	198	45	140	140	NUM
cblr-2952	198	46	$	$	SYM
cblr-2952	198	47	120	120	NUM
cblr-2952	198	48	''	''	SYM
cblr-2952	198	49	$	$	SYM
cblr-2952	198	50	113	113	NUM
cblr-2952	198	51	$	$	SYM
cblr-2952	198	52	100	100	NUM
cblr-2952	198	53	"	"	PUNCT
cblr-2952	198	54	a	a	DET
cblr-2952	198	55	$	$	SYM
cblr-2952	198	56	80	80	NUM
cblr-2952	198	57	,	,	PUNCT
cblr-2952	198	58	01$80	01$80	NUM
cblr-2952	198	59	/	/	SYM
cblr-2952	198	60	$	$	SYM
cblr-2952	198	61	60	60	NUM
cblr-2952	198	62	$	$	SYM
cblr-2952	198	63	50	50	NUM
cblr-2952	198	64	$	$	SYM
cblr-2952	198	65	43	43	NUM
cblr-2952	198	66	$	$	SYM
cblr-2952	198	67	59	59	NUM
cblr-2952	198	68	$	$	SYM
cblr-2952	198	69	40	40	NUM
cblr-2952	198	70	'	'	NUM
cblr-2952	198	71	$	$	SYM
cblr-2952	198	72	41	41	NUM
cblr-2952	198	73	z	z	NOUN
cblr-2952	198	74	$	$	SYM
cblr-2952	198	75	20	20	NUM
cblr-2952	198	76	"	"	PUNCT
cblr-2952	198	77	$	$	SYM
cblr-2952	198	78	28	28	NUM
cblr-2952	198	79	$	$	SYM
cblr-2952	198	80	0	0	NUM
cblr-2952	198	81	1999	1999	NUM
cblr-2952	198	82	2000	2000	NUM
cblr-2952	198	83	2001	2001	NUM
cblr-2952	198	84	2002	2002	NUM
cblr-2952	198	85	2003	2003	NUM
cblr-2952	198	86	2004	2004	NUM
cblr-2952	198	87	2005	2005	NUM
cblr-2952	198	88	2006	2006	NUM
cblr-2952	198	89	39	39	NUM
cblr-2952	199	1	source	source	NOUN
cblr-2952	199	2	:	:	PUNCT
cblr-2952	199	3	private	private	ADJ
cblr-2952	199	4	equity	equity	NOUN
cblr-2952	199	5	analyst	analyst	NOUN
cblr-2952	199	6	plus	plus	CCONJ
cblr-2952	199	7	36	36	NUM
cblr-2952	199	8	dealogic	dealogic	ADJ
cblr-2952	199	9	database	database	NOUN
cblr-2952	199	10	(	(	PUNCT
cblr-2952	199	11	search	search	NOUN
cblr-2952	199	12	data	datum	NOUN
cblr-2952	199	13	on	on	ADP
cblr-2952	199	14	file	file	NOUN
cblr-2952	199	15	with	with	ADP
cblr-2952	199	16	author	author	NOUN
cblr-2952	199	17	)	)	PUNCT
cblr-2952	199	18	.	.	PUNCT
cblr-2952	200	1	37	37	NUM
cblr-2952	201	1	i	i	PROPN
cblr-2952	201	2	d.	d.	PROPN
cblr-2952	201	3	"	"	PUNCT
cblr-2952	201	4	see	see	VERB
cblr-2952	201	5	imf	imf	PROPN
cblr-2952	201	6	,	,	PUNCT
cblr-2952	201	7	global	global	ADJ
cblr-2952	201	8	financial	financial	ADJ
cblr-2952	201	9	stability	stability	NOUN
cblr-2952	201	10	report	report	NOUN
cblr-2952	201	11	,	,	PUNCT
cblr-2952	201	12	at	at	ADP
cblr-2952	201	13	11	11	NUM
cblr-2952	201	14	-	-	SYM
cblr-2952	201	15	15	15	NUM
cblr-2952	201	16	(	(	PUNCT
cblr-2952	201	17	apr	apr	NOUN
cblr-2952	201	18	.	.	PROPN
cblr-2952	201	19	2007	2007	NUM
cblr-2952	201	20	)	)	PUNCT
cblr-2952	201	21	,	,	PUNCT
cblr-2952	201	22	available	available	ADJ
cblr-2952	201	23	at	at	ADP
cblr-2952	201	24	http://www.imf.orgfexternallpubs/ft/gfsr/2007/01/pdf/	http://www.imf.orgfexternallpubs/ft/gfsr/2007/01/pdf/	PROPN
cblr-2952	201	25	chapl.pdf	chapl.pdf	X
cblr-2952	201	26	(	(	PUNCT
cblr-2952	201	27	discussing	discuss	VERB
cblr-2952	201	28	the	the	DET
cblr-2952	201	29	influence	influence	NOUN
cblr-2952	201	30	of	of	ADP
cblr-2952	201	31	private	private	ADJ
cblr-2952	201	32	equity	equity	NOUN
cblr-2952	201	33	in	in	ADP
cblr-2952	201	34	driving	drive	VERB
cblr-2952	201	35	global	global	ADJ
cblr-2952	201	36	capital	capital	NOUN
cblr-2952	201	37	markets	market	NOUN
cblr-2952	201	38	activity	activity	NOUN
cblr-2952	201	39	)	)	PUNCT
cblr-2952	201	40	.	.	PUNCT
cblr-2952	202	1	"	"	PUNCT
cblr-2952	203	1	this	this	DET
cblr-2952	203	2	chart	chart	NOUN
cblr-2952	203	3	was	be	AUX
cblr-2952	203	4	taken	take	VERB
cblr-2952	203	5	from	from	ADP
cblr-2952	203	6	the	the	DET
cblr-2952	203	7	kkr	kkr	PROPN
cblr-2952	203	8	registration	registration	NOUN
cblr-2952	203	9	statement	statement	NOUN
cblr-2952	203	10	,	,	PUNCT
cblr-2952	203	11	supra	supra	PROPN
cblr-2952	203	12	note	note	PROPN
cblr-2952	203	13	33	33	NUM
cblr-2952	203	14	,	,	PUNCT
cblr-2952	203	15	at	at	ADP
cblr-2952	203	16	112	112	NUM
cblr-2952	203	17	.	.	PUNCT
cblr-2952	204	1	[	[	X
cblr-2952	204	2	vol	vol	NOUN
cblr-2952	204	3	.	.	NOUN
cblr-2952	204	4	2008	2008	NUM
cblr-2952	204	5	black	black	ADJ
cblr-2952	204	6	market	market	NOUN
cblr-2952	204	7	capital	capital	NOUN
cblr-2952	204	8	chart	chart	PROPN
cblr-2952	204	9	1b	1b	NUM
cblr-2952	204	10	shows	show	VERB
cblr-2952	204	11	a	a	DET
cblr-2952	204	12	sharp	sharp	ADJ
cblr-2952	204	13	upward	upward	ADJ
cblr-2952	204	14	trend	trend	NOUN
cblr-2952	204	15	in	in	ADP
cblr-2952	204	16	private	private	ADJ
cblr-2952	204	17	equity	equity	NOUN
cblr-2952	204	18	fundraising	fundraising	NOUN
cblr-2952	204	19	for	for	ADP
cblr-2952	204	20	the	the	DET
cblr-2952	204	21	last	last	ADJ
cblr-2952	204	22	eight	eight	NUM
cblr-2952	204	23	years	year	NOUN
cblr-2952	204	24	,	,	PUNCT
cblr-2952	204	25	a	a	DET
cblr-2952	204	26	trend	trend	NOUN
cblr-2952	204	27	which	which	PRON
cblr-2952	204	28	continued	continue	VERB
cblr-2952	204	29	in	in	ADP
cblr-2952	204	30	2007	2007	NUM
cblr-2952	204	31	,	,	PUNCT
cblr-2952	204	32	when	when	SCONJ
cblr-2952	204	33	private	private	ADJ
cblr-2952	204	34	equity	equity	NOUN
cblr-2952	204	35	domestically	domestically	ADV
cblr-2952	204	36	raised	raise	VERB
cblr-2952	204	37	an	an	DET
cblr-2952	204	38	estimated	estimate	VERB
cblr-2952	204	39	$	$	SYM
cblr-2952	204	40	302	302	NUM
cblr-2952	204	41	billion	billion	NUM
cblr-2952	204	42	in	in	ADP
cblr-2952	204	43	new	new	ADJ
cblr-2952	204	44	equity	equity	NOUN
cblr-2952	204	45	capital	capital	NOUN
cblr-2952	204	46	,	,	PUNCT
cblr-2952	204	47	a	a	DET
cblr-2952	204	48	nineteen	nineteen	NUM
cblr-2952	204	49	percent	percent	NOUN
cblr-2952	204	50	increase	increase	NOUN
cblr-2952	204	51	over	over	ADP
cblr-2952	204	52	the	the	DET
cblr-2952	204	53	prior	prior	ADJ
cblr-2952	204	54	year	year	NOUN
cblr-2952	204	55	.	.	PUNCT
cblr-2952	205	1	"	"	PUNCT
cblr-2952	205	2	°	°	CCONJ
cblr-2952	205	3	the	the	DET
cblr-2952	205	4	reasons	reason	NOUN
cblr-2952	205	5	for	for	ADP
cblr-2952	205	6	private	private	ADJ
cblr-2952	205	7	equity	equity	NOUN
cblr-2952	205	8	's	's	PART
cblr-2952	205	9	accelerating	accelerate	VERB
cblr-2952	205	10	success	success	NOUN
cblr-2952	205	11	in	in	ADP
cblr-2952	205	12	attracting	attract	VERB
cblr-2952	205	13	capital	capital	NOUN
cblr-2952	205	14	and	and	CCONJ
cblr-2952	205	15	investors	investor	NOUN
cblr-2952	205	16	is	be	AUX
cblr-2952	205	17	uncertain	uncertain	ADJ
cblr-2952	205	18	but	but	CCONJ
cblr-2952	205	19	has	have	AUX
cblr-2952	205	20	been	be	AUX
cblr-2952	205	21	attributed	attribute	VERB
cblr-2952	205	22	to	to	ADP
cblr-2952	205	23	its	its	PRON
cblr-2952	205	24	unique	unique	ADJ
cblr-2952	205	25	characteristics	characteristic	NOUN
cblr-2952	205	26	and	and	CCONJ
cblr-2952	205	27	performance	performance	NOUN
cblr-2952	205	28	.	.	PUNCT
cblr-2952	206	1	the	the	DET
cblr-2952	206	2	foremost	foremost	ADJ
cblr-2952	206	3	reason	reason	NOUN
cblr-2952	206	4	postulated	postulate	VERB
cblr-2952	206	5	for	for	ADP
cblr-2952	206	6	private	private	ADJ
cblr-2952	206	7	equity	equity	NOUN
cblr-2952	206	8	's	's	PART
cblr-2952	206	9	recent	recent	ADJ
cblr-2952	206	10	fundraising	fundraising	NOUN
cblr-2952	206	11	success	success	NOUN
cblr-2952	206	12	is	be	AUX
cblr-2952	206	13	the	the	DET
cblr-2952	206	14	extraordinary	extraordinary	ADJ
cblr-2952	206	15	absolute	absolute	ADJ
cblr-2952	206	16	return	return	NOUN
cblr-2952	206	17	it	it	PRON
cblr-2952	206	18	has	have	AUX
cblr-2952	206	19	engendered	engender	VERB
cblr-2952	206	20	.	.	PUNCT
cblr-2952	207	1	while	while	SCONJ
cblr-2952	207	2	the	the	DET
cblr-2952	207	3	leading	lead	VERB
cblr-2952	207	4	studies	study	NOUN
cblr-2952	207	5	on	on	ADP
cblr-2952	207	6	the	the	DET
cblr-2952	207	7	issue	issue	NOUN
cblr-2952	207	8	are	be	AUX
cblr-2952	207	9	divided	divide	VERB
cblr-2952	207	10	over	over	ADP
cblr-2952	207	11	whether	whether	SCONJ
cblr-2952	207	12	private	private	ADJ
cblr-2952	207	13	equity	equity	NOUN
cblr-2952	207	14	has	have	AUX
cblr-2952	207	15	historically	historically	ADV
cblr-2952	207	16	beaten	beat	VERB
cblr-2952	207	17	the	the	DET
cblr-2952	207	18	return	return	NOUN
cblr-2952	207	19	of	of	ADP
cblr-2952	207	20	the	the	DET
cblr-2952	207	21	s&p	s&p	PROPN
cblr-2952	207	22	500	500	NUM
cblr-2952	207	23	net	net	NOUN
cblr-2952	207	24	of	of	ADP
cblr-2952	207	25	fees	fee	NOUN
cblr-2952	207	26	,	,	PUNCT
cblr-2952	207	27	the	the	DET
cblr-2952	207	28	majority	majority	NOUN
cblr-2952	207	29	have	have	AUX
cblr-2952	207	30	found	find	VERB
cblr-2952	207	31	that	that	SCONJ
cblr-2952	207	32	thus	thus	ADV
cblr-2952	207	33	far	far	ADV
cblr-2952	207	34	private	private	ADJ
cblr-2952	207	35	equity	equity	NOUN
cblr-2952	207	36	has	have	AUX
cblr-2952	207	37	returned	return	VERB
cblr-2952	207	38	more	more	ADJ
cblr-2952	207	39	than	than	ADP
cblr-2952	207	40	the	the	DET
cblr-2952	207	41	benchmark	benchmark	NOUN
cblr-2952	207	42	index	index	NOUN
cblr-2952	207	43	based	base	VERB
cblr-2952	207	44	on	on	ADP
cblr-2952	207	45	gross	gross	ADJ
cblr-2952	207	46	returns	return	NOUN
cblr-2952	207	47	.	.	PUNCT
cblr-2952	207	48	'	'	PUNCT
cblr-2952	208	1	of	of	ADP
cblr-2952	208	2	more	more	ADJ
cblr-2952	208	3	relevance	relevance	NOUN
cblr-2952	208	4	,	,	PUNCT
cblr-2952	208	5	studies	study	NOUN
cblr-2952	208	6	have	have	AUX
cblr-2952	208	7	found	find	VERB
cblr-2952	208	8	great	great	ADJ
cblr-2952	208	9	heterogeneity	heterogeneity	NOUN
cblr-2952	208	10	in	in	ADP
cblr-2952	208	11	private	private	ADJ
cblr-2952	208	12	equity	equity	NOUN
cblr-2952	208	13	returns	return	NOUN
cblr-2952	208	14	with	with	ADP
cblr-2952	208	15	a	a	DET
cblr-2952	208	16	survivorship	survivorship	NOUN
cblr-2952	208	17	and	and	CCONJ
cblr-2952	208	18	persistence	persistence	NOUN
cblr-2952	208	19	bias.42	bias.42	NOUN
cblr-2952	208	20	here	here	ADV
cblr-2952	208	21	may	may	AUX
cblr-2952	208	22	lie	lie	VERB
cblr-2952	208	23	a	a	DET
cblr-2952	208	24	key	key	NOUN
cblr-2952	208	25	to	to	ADP
cblr-2952	208	26	private	private	ADJ
cblr-2952	208	27	equity	equity	NOUN
cblr-2952	208	28	's	's	PART
cblr-2952	208	29	success	success	NOUN
cblr-2952	208	30	.	.	PUNCT
cblr-2952	209	1	unlike	unlike	ADP
cblr-2952	209	2	the	the	DET
cblr-2952	209	3	mutual	mutual	ADJ
cblr-2952	209	4	fund	fund	NOUN
cblr-2952	209	5	industry	industry	NOUN
cblr-2952	209	6	,	,	PUNCT
cblr-2952	209	7	private	private	ADJ
cblr-2952	209	8	equity	equity	NOUN
cblr-2952	209	9	funds	fund	NOUN
cblr-2952	209	10	that	that	PRON
cblr-2952	209	11	beat	beat	VERB
cblr-2952	209	12	their	their	PRON
cblr-2952	209	13	relevant	relevant	ADJ
cblr-2952	209	14	benchmark	benchmark	NOUN
cblr-2952	209	15	market	market	NOUN
cblr-2952	209	16	index	index	NOUN
cblr-2952	209	17	have	have	AUX
cblr-2952	209	18	been	be	AUX
cblr-2952	209	19	found	find	VERB
cblr-2952	209	20	likely	likely	ADJ
cblr-2952	209	21	to	to	PART
cblr-2952	209	22	repeat	repeat	VERB
cblr-2952	209	23	these	these	DET
cblr-2952	209	24	results	result	NOUN
cblr-2952	209	25	in	in	ADP
cblr-2952	209	26	subsequent	subsequent	ADJ
cblr-2952	209	27	fundraisings.43	fundraisings.43	NOUN
cblr-2952	209	28	this	this	PRON
cblr-2952	209	29	is	be	AUX
cblr-2952	209	30	illus40	illus40	NOUN
cblr-2952	209	31	see	see	VERB
cblr-2952	209	32	supra	supra	PROPN
cblr-2952	209	33	note	note	PROPN
cblr-2952	209	34	6	6	NUM
cblr-2952	209	35	.	.	NOUN
cblr-2952	209	36	4	4	NUM
cblr-2952	209	37	'	'	PUNCT
cblr-2952	209	38	see	see	VERB
cblr-2952	209	39	steven	steven	PROPN
cblr-2952	209	40	n.	n.	PROPN
cblr-2952	209	41	kaplan	kaplan	PROPN
cblr-2952	209	42	&	&	CCONJ
cblr-2952	209	43	antoinette	antoinette	PROPN
cblr-2952	209	44	schoar	schoar	PROPN
cblr-2952	209	45	,	,	PUNCT
cblr-2952	209	46	private	private	ADJ
cblr-2952	209	47	equity	equity	NOUN
cblr-2952	209	48	performance	performance	NOUN
cblr-2952	209	49	:	:	PUNCT
cblr-2952	209	50	returns	return	NOUN
cblr-2952	209	51	,	,	PUNCT
cblr-2952	209	52	persistence	persistence	NOUN
cblr-2952	209	53	and	and	CCONJ
cblr-2952	209	54	capital	capital	NOUN
cblr-2952	209	55	flows	flow	NOUN
cblr-2952	209	56	,	,	PUNCT
cblr-2952	209	57	60	60	NUM
cblr-2952	209	58	j.	j.	PROPN
cblr-2952	209	59	fin	fin	PROPN
cblr-2952	209	60	.	.	PUNCT
cblr-2952	210	1	1791	1791	NUM
cblr-2952	210	2	,	,	PUNCT
cblr-2952	210	3	1797	1797	NUM
cblr-2952	210	4	-	-	SYM
cblr-2952	210	5	99	99	NUM
cblr-2952	210	6	(	(	PUNCT
cblr-2952	210	7	2005	2005	NUM
cblr-2952	210	8	)	)	PUNCT
cblr-2952	211	1	(	(	PUNCT
cblr-2952	211	2	finding	find	VERB
cblr-2952	211	3	excess	excess	ADJ
cblr-2952	211	4	returns	return	NOUN
cblr-2952	211	5	for	for	ADP
cblr-2952	211	6	a	a	DET
cblr-2952	211	7	dataset	dataset	NOUN
cblr-2952	211	8	of	of	ADP
cblr-2952	211	9	private	private	ADJ
cblr-2952	211	10	equity	equity	NOUN
cblr-2952	211	11	funds	fund	NOUN
cblr-2952	211	12	maintained	maintain	VERB
cblr-2952	211	13	by	by	ADP
cblr-2952	211	14	venture	venture	NOUN
cblr-2952	211	15	economics	economic	NOUN
cblr-2952	211	16	over	over	ADP
cblr-2952	211	17	the	the	DET
cblr-2952	211	18	s&p	s&p	PROPN
cblr-2952	211	19	500	500	NUM
cblr-2952	211	20	gross	gross	ADJ
cblr-2952	211	21	-	-	PUNCT
cblr-2952	211	22	of	of	ADP
cblr-2952	211	23	-	-	PUNCT
cblr-2952	211	24	fees	fee	NOUN
cblr-2952	211	25	for	for	ADP
cblr-2952	211	26	the	the	DET
cblr-2952	211	27	period	period	NOUN
cblr-2952	211	28	1980	1980	NUM
cblr-2952	211	29	-	-	SYM
cblr-2952	211	30	1997	1997	NUM
cblr-2952	211	31	)	)	PUNCT
cblr-2952	211	32	;	;	PUNCT
cblr-2952	211	33	alexander	alexander	PROPN
cblr-2952	211	34	ljungqvist	ljungqvist	PROPN
cblr-2952	211	35	&	&	CCONJ
cblr-2952	211	36	matthew	matthew	PROPN
cblr-2952	211	37	richardson	richardson	PROPN
cblr-2952	211	38	,	,	PUNCT
cblr-2952	211	39	the	the	DET
cblr-2952	211	40	cash	cash	NOUN
cblr-2952	211	41	flow	flow	NOUN
cblr-2952	211	42	,	,	PUNCT
cblr-2952	211	43	return	return	NOUN
cblr-2952	211	44	and	and	CCONJ
cblr-2952	211	45	risk	risk	NOUN
cblr-2952	211	46	characteristics	characteristic	NOUN
cblr-2952	211	47	of	of	ADP
cblr-2952	211	48	private	private	ADJ
cblr-2952	211	49	equity	equity	NOUN
cblr-2952	211	50	(	(	PUNCT
cblr-2952	211	51	jan	jan	PROPN
cblr-2952	211	52	.	.	PROPN
cblr-2952	211	53	9	9	NUM
cblr-2952	211	54	,	,	PUNCT
cblr-2952	211	55	2003	2003	NUM
cblr-2952	211	56	)	)	PUNCT
cblr-2952	211	57	,	,	PUNCT
cblr-2952	211	58	available	available	ADJ
cblr-2952	211	59	at	at	ADP
cblr-2952	211	60	http://ssrn.com/abstract=369600	http://ssrn.com/abstract=369600	CCONJ
cblr-2952	211	61	(	(	PUNCT
cblr-2952	211	62	finding	find	VERB
cblr-2952	211	63	excess	excess	ADJ
cblr-2952	211	64	returns	return	NOUN
cblr-2952	211	65	of	of	ADP
cblr-2952	211	66	six	six	NUM
cblr-2952	211	67	percent	percent	NOUN
cblr-2952	211	68	for	for	ADP
cblr-2952	211	69	a	a	DET
cblr-2952	211	70	dataset	dataset	NOUN
cblr-2952	211	71	of	of	ADP
cblr-2952	211	72	mature	mature	ADJ
cblr-2952	211	73	private	private	ADJ
cblr-2952	211	74	equity	equity	NOUN
cblr-2952	211	75	funds	fund	NOUN
cblr-2952	211	76	over	over	ADP
cblr-2952	211	77	the	the	DET
cblr-2952	211	78	s&p	s&p	PROPN
cblr-2952	211	79	500	500	NUM
cblr-2952	211	80	index	index	NOUN
cblr-2952	211	81	during	during	ADP
cblr-2952	211	82	the	the	DET
cblr-2952	211	83	period	period	NOUN
cblr-2952	211	84	1981	1981	NUM
cblr-2952	211	85	to	to	ADP
cblr-2952	211	86	2001	2001	NUM
cblr-2952	211	87	)	)	PUNCT
cblr-2952	211	88	;	;	PUNCT
cblr-2952	211	89	ludovic	ludovic	PROPN
cblr-2952	211	90	phalippou	phalippou	PROPN
cblr-2952	211	91	&	&	CCONJ
cblr-2952	211	92	oliver	oliver	PROPN
cblr-2952	211	93	gottschalg	gottschalg	PROPN
cblr-2952	211	94	,	,	PUNCT
cblr-2952	211	95	performance	performance	NOUN
cblr-2952	211	96	of	of	ADP
cblr-2952	211	97	private	private	ADJ
cblr-2952	211	98	equity	equity	NOUN
cblr-2952	211	99	funds	fund	NOUN
cblr-2952	211	100	(	(	PUNCT
cblr-2952	211	101	apr	apr	PROPN
cblr-2952	211	102	.	.	PROPN
cblr-2952	211	103	2007	2007	NUM
cblr-2952	211	104	)	)	PUNCT
cblr-2952	211	105	,	,	PUNCT
cblr-2952	211	106	available	available	ADJ
cblr-2952	211	107	at	at	ADP
cblr-2952	211	108	http://ssrn.com/abstract=473221	http://ssrn.com/abstract=473221	PROPN
cblr-2952	211	109	(	(	PUNCT
cblr-2952	211	110	finding	find	VERB
cblr-2952	211	111	excess	excess	ADJ
cblr-2952	211	112	returns	return	NOUN
cblr-2952	211	113	of	of	ADP
cblr-2952	211	114	three	three	NUM
cblr-2952	211	115	percent	percent	NOUN
cblr-2952	211	116	for	for	ADP
cblr-2952	211	117	a	a	DET
cblr-2952	211	118	dataset	dataset	NOUN
cblr-2952	211	119	of	of	ADP
cblr-2952	211	120	mature	mature	ADJ
cblr-2952	211	121	private	private	ADJ
cblr-2952	211	122	equity	equity	NOUN
cblr-2952	211	123	funds	fund	NOUN
cblr-2952	211	124	,	,	PUNCT
cblr-2952	211	125	including	include	VERB
cblr-2952	211	126	venture	venture	NOUN
cblr-2952	211	127	capital	capital	NOUN
cblr-2952	211	128	funds	fund	NOUN
cblr-2952	211	129	,	,	PUNCT
cblr-2952	211	130	over	over	ADP
cblr-2952	211	131	the	the	DET
cblr-2952	211	132	s&p	s&p	PROPN
cblr-2952	211	133	500	500	NUM
cblr-2952	211	134	gross	gross	ADJ
cblr-2952	211	135	-	-	PUNCT
cblr-2952	211	136	of	of	ADP
cblr-2952	211	137	-	-	PUNCT
cblr-2952	211	138	fees	fee	NOUN
cblr-2952	211	139	for	for	ADP
cblr-2952	211	140	the	the	DET
cblr-2952	211	141	period	period	NOUN
cblr-2952	211	142	1980	1980	NUM
cblr-2952	211	143	to	to	ADP
cblr-2952	211	144	1997	1997	NUM
cblr-2952	211	145	)	)	PUNCT
cblr-2952	211	146	;	;	PUNCT
cblr-2952	211	147	see	see	VERB
cblr-2952	211	148	generally	generally	ADV
cblr-2952	211	149	josh	josh	PROPN
cblr-2952	211	150	lerner	lerner	PROPN
cblr-2952	211	151	,	,	PUNCT
cblr-2952	211	152	performance	performance	NOUN
cblr-2952	211	153	:	:	PUNCT
cblr-2952	211	154	the	the	DET
cblr-2952	211	155	private	private	ADJ
cblr-2952	211	156	equity	equity	NOUN
cblr-2952	211	157	enigma	enigma	NOUN
cblr-2952	211	158	,	,	PUNCT
cblr-2952	211	159	fin	fin	NOUN
cblr-2952	211	160	.	.	PUNCT
cblr-2952	211	161	times	times	PROPN
cblr-2952	211	162	,	,	PUNCT
cblr-2952	211	163	apr	apr	PROPN
cblr-2952	211	164	.	.	PROPN
cblr-2952	211	165	24	24	NUM
cblr-2952	211	166	,	,	PUNCT
cblr-2952	211	167	2007	2007	NUM
cblr-2952	211	168	(	(	PUNCT
cblr-2952	211	169	reviewing	review	VERB
cblr-2952	211	170	the	the	DET
cblr-2952	211	171	literature	literature	NOUN
cblr-2952	211	172	on	on	ADP
cblr-2952	211	173	private	private	ADJ
cblr-2952	211	174	equity	equity	NOUN
cblr-2952	211	175	returns	return	NOUN
cblr-2952	211	176	)	)	PUNCT
cblr-2952	211	177	.	.	PUNCT
cblr-2952	212	1	42	42	NUM
cblr-2952	212	2	see	see	VERB
cblr-2952	212	3	kaplan	kaplan	PROPN
cblr-2952	212	4	&	&	CCONJ
cblr-2952	212	5	schoar	schoar	PROPN
cblr-2952	212	6	,	,	PUNCT
cblr-2952	212	7	supra	supra	PROPN
cblr-2952	212	8	note	note	NOUN
cblr-2952	212	9	41	41	NUM
cblr-2952	212	10	,	,	PUNCT
cblr-2952	212	11	at	at	ADP
cblr-2952	212	12	1792	1792	NUM
cblr-2952	212	13	,	,	PUNCT
cblr-2952	212	14	1812	1812	NUM
cblr-2952	212	15	.	.	PUNCT
cblr-2952	213	1	42	42	NUM
cblr-2952	214	1	i	i	PRON
cblr-2952	214	2	d.	d.	VERB
cblr-2952	214	3	this	this	PRON
cblr-2952	214	4	has	have	AUX
cblr-2952	214	5	been	be	AUX
cblr-2952	214	6	attributed	attribute	VERB
cblr-2952	214	7	to	to	ADP
cblr-2952	214	8	the	the	DET
cblr-2952	214	9	learned	learn	VERB
cblr-2952	214	10	skill	skill	NOUN
cblr-2952	214	11	of	of	ADP
cblr-2952	214	12	private	private	ADJ
cblr-2952	214	13	equity	equity	NOUN
cblr-2952	214	14	investing	investing	NOUN
cblr-2952	214	15	.	.	PUNCT
cblr-2952	215	1	see	see	VERB
cblr-2952	215	2	,	,	PUNCT
cblr-2952	215	3	e.g.	e.g.	ADV
cblr-2952	215	4	,	,	PUNCT
cblr-2952	215	5	josh	josh	PROPN
cblr-2952	215	6	lerner	lerner	PROPN
cblr-2952	215	7	et	et	PROPN
cblr-2952	215	8	al	al	PROPN
cblr-2952	215	9	.	.	PROPN
cblr-2952	215	10	,	,	PUNCT
cblr-2952	215	11	smart	smart	ADJ
cblr-2952	215	12	institutions	institution	NOUN
cblr-2952	215	13	,	,	PUNCT
cblr-2952	215	14	foolish	foolish	ADJ
cblr-2952	215	15	choices	choice	NOUN
cblr-2952	215	16	?	?	PUNCT
cblr-2952	215	17	:	:	PUNCT
cblr-2952	216	1	the	the	DET
cblr-2952	216	2	limited	limited	ADJ
cblr-2952	216	3	partner	partner	NOUN
cblr-2952	216	4	performance	performance	NOUN
cblr-2952	216	5	puzzle	puzzle	NOUN
cblr-2952	216	6	,	,	PUNCT
cblr-2952	216	7	62(2	62(2	NUM
cblr-2952	216	8	)	)	PUNCT
cblr-2952	216	9	j.	j.	PROPN
cblr-2952	216	10	fin	fin	PROPN
cblr-2952	216	11	.	.	PUNCT
cblr-2952	217	1	731	731	NUM
cblr-2952	217	2	,	,	PUNCT
cblr-2952	217	3	733	733	NUM
cblr-2952	217	4	no	no	NOUN
cblr-2952	217	5	.	.	PUNCT
cblr-2952	218	1	1:172	1:172	NUM
cblr-2952	218	2	]	]	PUNCT
cblr-2952	218	3	trated	trate	VERB
cblr-2952	218	4	in	in	ADP
cblr-2952	218	5	the	the	DET
cblr-2952	218	6	recent	recent	ADJ
cblr-2952	218	7	disclosures	disclosure	NOUN
cblr-2952	218	8	made	make	VERB
cblr-2952	218	9	by	by	ADP
cblr-2952	218	10	the	the	DET
cblr-2952	218	11	blackstone	blackstone	NOUN
cblr-2952	218	12	group	group	NOUN
cblr-2952	218	13	(	(	PUNCT
cblr-2952	218	14	"	"	PUNCT
cblr-2952	218	15	blackstone	blackstone	NOUN
cblr-2952	218	16	"	"	PUNCT
cblr-2952	218	17	)	)	PUNCT
cblr-2952	218	18	,	,	PUNCT
cblr-2952	218	19	one	one	NUM
cblr-2952	218	20	of	of	ADP
cblr-2952	218	21	the	the	DET
cblr-2952	218	22	largest	large	ADJ
cblr-2952	218	23	private	private	ADJ
cblr-2952	218	24	equity	equity	NOUN
cblr-2952	218	25	fund	fund	NOUN
cblr-2952	218	26	advisers	adviser	NOUN
cblr-2952	218	27	,	,	PUNCT
cblr-2952	218	28	in	in	ADP
cblr-2952	218	29	connection	connection	NOUN
cblr-2952	218	30	with	with	ADP
cblr-2952	218	31	its	its	PRON
cblr-2952	218	32	pending	pende	VERB
cblr-2952	218	33	initial	initial	ADJ
cblr-2952	218	34	public	public	ADJ
cblr-2952	218	35	offering	offering	NOUN
cblr-2952	218	36	.	.	PUNCT
cblr-2952	219	1	according	accord	VERB
cblr-2952	219	2	to	to	ADP
cblr-2952	219	3	its	its	PRON
cblr-2952	219	4	public	public	ADJ
cblr-2952	219	5	filings	filing	NOUN
cblr-2952	219	6	,	,	PUNCT
cblr-2952	219	7	blackstone	blackstone	NOUN
cblr-2952	219	8	,	,	PUNCT
cblr-2952	219	9	which	which	PRON
cblr-2952	219	10	had	have	VERB
cblr-2952	219	11	approximately	approximately	ADV
cblr-2952	219	12	thirty	thirty	NUM
cblr-2952	219	13	-	-	PUNCT
cblr-2952	219	14	one	one	NUM
cblr-2952	219	15	billion	billion	NUM
cblr-2952	219	16	dollars	dollar	NOUN
cblr-2952	219	17	in	in	ADP
cblr-2952	219	18	assets	asset	NOUN
cblr-2952	219	19	under	under	ADP
cblr-2952	219	20	management	management	NOUN
cblr-2952	219	21	at	at	ADP
cblr-2952	219	22	the	the	DET
cblr-2952	219	23	time	time	NOUN
cblr-2952	219	24	of	of	ADP
cblr-2952	219	25	its	its	PRON
cblr-2952	219	26	filing	filing	NOUN
cblr-2952	219	27	in	in	ADP
cblr-2952	219	28	march	march	PROPN
cblr-2952	219	29	2007	2007	NUM
cblr-2952	219	30	,	,	PUNCT
cblr-2952	219	31	has	have	AUX
cblr-2952	219	32	earned	earn	VERB
cblr-2952	219	33	an	an	DET
cblr-2952	219	34	annual	annual	ADJ
cblr-2952	219	35	return	return	NOUN
cblr-2952	219	36	of	of	ADP
cblr-2952	219	37	30.8	30.8	NUM
cblr-2952	219	38	%	%	NOUN
cblr-2952	219	39	on	on	ADP
cblr-2952	219	40	investments	investment	NOUN
cblr-2952	219	41	gross	gross	ADJ
cblr-2952	219	42	of	of	ADP
cblr-2952	219	43	fees	fee	NOUN
cblr-2952	219	44	since	since	SCONJ
cblr-2952	219	45	the	the	DET
cblr-2952	219	46	firm	firm	NOUN
cblr-2952	219	47	began	begin	VERB
cblr-2952	219	48	in	in	ADP
cblr-2952	219	49	1987	1987	NUM
cblr-2952	219	50	,	,	PUNCT
cblr-2952	219	51	and	and	CCONJ
cblr-2952	219	52	an	an	DET
cblr-2952	219	53	annual	annual	ADJ
cblr-2952	219	54	return	return	NOUN
cblr-2952	219	55	of	of	ADP
cblr-2952	219	56	22.8	22.8	NUM
cblr-2952	219	57	%	%	NOUN
cblr-2952	219	58	net	net	NOUN
cblr-2952	219	59	of	of	ADP
cblr-2952	219	60	fees	fee	NOUN
cblr-2952	219	61	.	.	PUNCT
cblr-2952	219	62	"	"	PUNCT
cblr-2952	220	1	investors	investor	NOUN
cblr-2952	220	2	in	in	ADP
cblr-2952	220	3	private	private	ADJ
cblr-2952	220	4	equity	equity	NOUN
cblr-2952	220	5	have	have	AUX
cblr-2952	220	6	therefore	therefore	ADV
cblr-2952	220	7	historically	historically	ADV
cblr-2952	220	8	had	have	VERB
cblr-2952	220	9	greater	great	ADJ
cblr-2952	220	10	certainty	certainty	NOUN
cblr-2952	220	11	of	of	ADP
cblr-2952	220	12	extraordinary	extraordinary	ADJ
cblr-2952	220	13	returns	return	NOUN
cblr-2952	220	14	by	by	ADP
cblr-2952	220	15	investing	invest	VERB
cblr-2952	220	16	in	in	ADP
cblr-2952	220	17	pre	pre	ADJ
cblr-2952	220	18	-	-	ADJ
cblr-2952	220	19	established	established	ADJ
cblr-2952	220	20	,	,	PUNCT
cblr-2952	220	21	successful	successful	ADJ
cblr-2952	220	22	private	private	ADJ
cblr-2952	220	23	equity	equity	NOUN
cblr-2952	220	24	funds	fund	NOUN
cblr-2952	220	25	.	.	PUNCT
cblr-2952	221	1	second	second	ADJ
cblr-2952	221	2	and	and	CCONJ
cblr-2952	221	3	relatedly	relatedly	ADV
cblr-2952	221	4	,	,	PUNCT
cblr-2952	221	5	private	private	ADJ
cblr-2952	221	6	equity	equity	NOUN
cblr-2952	221	7	has	have	AUX
cblr-2952	221	8	historically	historically	ADV
cblr-2952	221	9	provided	provide	VERB
cblr-2952	221	10	a	a	DET
cblr-2952	221	11	statistically	statistically	ADV
cblr-2952	221	12	significant	significant	ADJ
cblr-2952	221	13	"	"	PUNCT
cblr-2952	221	14	alpha	alpha	NOUN
cblr-2952	221	15	.	.	PUNCT
cblr-2952	221	16	"	"	PUNCT
cblr-2952	222	1	alpha	alpha	NOUN
cblr-2952	222	2	is	be	AUX
cblr-2952	222	3	an	an	DET
cblr-2952	222	4	investment	investment	NOUN
cblr-2952	222	5	management	management	NOUN
cblr-2952	222	6	term	term	NOUN
cblr-2952	222	7	that	that	PRON
cblr-2952	222	8	refers	refer	VERB
cblr-2952	222	9	to	to	ADP
cblr-2952	222	10	the	the	DET
cblr-2952	222	11	ability	ability	NOUN
cblr-2952	222	12	of	of	ADP
cblr-2952	222	13	an	an	DET
cblr-2952	222	14	investment	investment	NOUN
cblr-2952	222	15	manager	manager	NOUN
cblr-2952	222	16	to	to	PART
cblr-2952	222	17	earn	earn	VERB
cblr-2952	222	18	excess	excess	ADJ
cblr-2952	222	19	returns	return	NOUN
cblr-2952	222	20	over	over	ADP
cblr-2952	222	21	those	those	PRON
cblr-2952	222	22	predicted	predict	VERB
cblr-2952	222	23	for	for	ADP
cblr-2952	222	24	an	an	DET
cblr-2952	222	25	investment	investment	NOUN
cblr-2952	222	26	based	base	VERB
cblr-2952	222	27	on	on	ADP
cblr-2952	222	28	its	its	PRON
cblr-2952	222	29	prior	prior	ADJ
cblr-2952	222	30	response	response	NOUN
cblr-2952	222	31	to	to	ADP
cblr-2952	222	32	market	market	NOUN
cblr-2952	222	33	movements	movement	NOUN
cblr-2952	222	34	,	,	PUNCT
cblr-2952	222	35	or	or	CCONJ
cblr-2952	222	36	"	"	PUNCT
cblr-2952	222	37	beta	beta	NOUN
cblr-2952	222	38	.	.	PUNCT
cblr-2952	223	1	"45	"45	NOUN
cblr-2952	223	2	eliminating	eliminate	VERB
cblr-2952	223	3	beta	beta	NOUN
cblr-2952	223	4	permits	permit	VERB
cblr-2952	223	5	the	the	DET
cblr-2952	223	6	manager	manager	NOUN
cblr-2952	223	7	's	's	PART
cblr-2952	223	8	performance	performance	NOUN
cblr-2952	223	9	to	to	PART
cblr-2952	223	10	be	be	AUX
cblr-2952	223	11	evaluated	evaluate	VERB
cblr-2952	223	12	based	base	VERB
cblr-2952	223	13	upon	upon	SCONJ
cblr-2952	223	14	the	the	DET
cblr-2952	223	15	quality	quality	NOUN
cblr-2952	223	16	of	of	ADP
cblr-2952	223	17	their	their	PRON
cblr-2952	223	18	investment	investment	NOUN
cblr-2952	223	19	selections	selection	NOUN
cblr-2952	223	20	and	and	CCONJ
cblr-2952	223	21	not	not	PART
cblr-2952	223	22	on	on	ADP
cblr-2952	223	23	market	market	NOUN
cblr-2952	223	24	movements.46	movements.46	PROPN
cblr-2952	223	25	private	private	ADJ
cblr-2952	223	26	equity	equity	NOUN
cblr-2952	223	27	funds	fund	NOUN
cblr-2952	223	28	have	have	AUX
cblr-2952	223	29	been	be	AUX
cblr-2952	223	30	found	find	VERB
cblr-2952	223	31	to	to	PART
cblr-2952	223	32	historically	historically	ADV
cblr-2952	223	33	provide	provide	VERB
cblr-2952	223	34	superior	superior	ADJ
cblr-2952	223	35	risk	risk	NOUN
cblr-2952	223	36	-	-	PUNCT
cblr-2952	223	37	adjusted	adjust	VERB
cblr-2952	223	38	performance	performance	NOUN
cblr-2952	223	39	,	,	PUNCT
cblr-2952	223	40	or	or	CCONJ
cblr-2952	223	41	positive	positive	ADJ
cblr-2952	223	42	alpha	alpha	NOUN
cblr-2952	223	43	,	,	PUNCT
cblr-2952	223	44	higher	high	ADJ
cblr-2952	223	45	than	than	ADP
cblr-2952	223	46	that	that	PRON
cblr-2952	223	47	of	of	ADP
cblr-2952	223	48	matching	match	VERB
cblr-2952	223	49	levered	lever	VERB
cblr-2952	223	50	investments	investment	NOUN
cblr-2952	223	51	in	in	ADP
cblr-2952	223	52	the	the	DET
cblr-2952	223	53	s&p	s&p	PROPN
cblr-2952	223	54	500	500	NUM
cblr-2952	223	55	index.47	index.47	NOUN
cblr-2952	223	56	in	in	ADP
cblr-2952	223	57	this	this	DET
cblr-2952	223	58	regard	regard	NOUN
cblr-2952	223	59	,	,	PUNCT
cblr-2952	223	60	these	these	DET
cblr-2952	223	61	assets	asset	NOUN
cblr-2952	223	62	have	have	VERB
cblr-2952	223	63	additional	additional	ADJ
cblr-2952	223	64	(	(	PUNCT
cblr-2952	223	65	2007	2007	NUM
cblr-2952	223	66	)	)	PUNCT
cblr-2952	223	67	(	(	PUNCT
cblr-2952	223	68	"	"	PUNCT
cblr-2952	223	69	we	we	PRON
cblr-2952	223	70	also	also	ADV
cblr-2952	223	71	find	find	VERB
cblr-2952	223	72	that	that	SCONJ
cblr-2952	223	73	across	across	ADP
cblr-2952	223	74	the	the	DET
cblr-2952	223	75	different	different	ADJ
cblr-2952	223	76	groups	group	NOUN
cblr-2952	223	77	,	,	PUNCT
cblr-2952	223	78	older	old	ADJ
cblr-2952	223	79	lps	lps	PROPN
cblr-2952	223	80	tend	tend	VERB
cblr-2952	223	81	to	to	PART
cblr-2952	223	82	realize	realize	VERB
cblr-2952	223	83	better	well	ADJ
cblr-2952	223	84	performance	performance	NOUN
cblr-2952	223	85	than	than	SCONJ
cblr-2952	223	86	do	do	VERB
cblr-2952	223	87	newer	new	ADJ
cblr-2952	223	88	lps	lps	PROPN
cblr-2952	223	89	,	,	PUNCT
cblr-2952	223	90	which	which	PRON
cblr-2952	223	91	indicates	indicate	VERB
cblr-2952	223	92	that	that	SCONJ
cblr-2952	223	93	lps	lps	PROPN
cblr-2952	223	94	'	'	PART
cblr-2952	223	95	investment	investment	NOUN
cblr-2952	223	96	decisions	decision	NOUN
cblr-2952	223	97	may	may	AUX
cblr-2952	223	98	improve	improve	VERB
cblr-2952	223	99	with	with	ADP
cblr-2952	223	100	experience	experience	NOUN
cblr-2952	223	101	.	.	PUNCT
cblr-2952	223	102	"	"	PUNCT
cblr-2952	223	103	)	)	PUNCT
cblr-2952	223	104	.	.	PUNCT
cblr-2952	224	1	see	see	VERB
cblr-2952	224	2	blackstone	blackstone	NOUN
cblr-2952	224	3	group	group	PROPN
cblr-2952	224	4	l.p	l.p	PROPN
cblr-2952	224	5	.	.	PROPN
cblr-2952	224	6	,	,	PUNCT
cblr-2952	224	7	registration	registration	NOUN
cblr-2952	224	8	statement	statement	NOUN
cblr-2952	224	9	on	on	ADP
cblr-2952	224	10	form	form	NOUN
cblr-2952	224	11	s-1	s-1	NOUN
cblr-2952	224	12	,	,	PUNCT
cblr-2952	224	13	no.333	no.333	NOUN
cblr-2952	224	14	-	-	PUNCT
cblr-2952	224	15	141504	141504	NUM
cblr-2952	224	16	,	,	PUNCT
cblr-2952	224	17	at	at	ADP
cblr-2952	224	18	5	5	NUM
cblr-2952	224	19	(	(	PUNCT
cblr-2952	224	20	filed	file	VERB
cblr-2952	224	21	mar	mar	PROPN
cblr-2952	224	22	22	22	NUM
cblr-2952	224	23	,	,	PUNCT
cblr-2952	224	24	2007	2007	NUM
cblr-2952	224	25	)	)	PUNCT
cblr-2952	224	26	.	.	PUNCT
cblr-2952	225	1	similarly	similarly	ADV
cblr-2952	225	2	,	,	PUNCT
cblr-2952	225	3	kkr	kkr	PROPN
cblr-2952	225	4	,	,	PUNCT
cblr-2952	225	5	another	another	DET
cblr-2952	225	6	prominent	prominent	ADJ
cblr-2952	225	7	private	private	ADJ
cblr-2952	225	8	equity	equity	NOUN
cblr-2952	225	9	adviser	adviser	NOUN
cblr-2952	225	10	,	,	PUNCT
cblr-2952	225	11	had	have	VERB
cblr-2952	225	12	an	an	DET
cblr-2952	225	13	annual	annual	ADJ
cblr-2952	225	14	average	average	ADJ
cblr-2952	225	15	return	return	NOUN
cblr-2952	225	16	of	of	ADP
cblr-2952	225	17	20.2	20.2	NUM
cblr-2952	225	18	%	%	NOUN
cblr-2952	225	19	net	net	NOUN
cblr-2952	225	20	of	of	ADP
cblr-2952	225	21	fee	fee	NOUN
cblr-2952	225	22	on	on	ADP
cblr-2952	225	23	its	its	PRON
cblr-2952	225	24	first	first	ADJ
cblr-2952	225	25	ten	ten	NUM
cblr-2952	225	26	private	private	ADJ
cblr-2952	225	27	equity	equity	NOUN
cblr-2952	225	28	funds	fund	NOUN
cblr-2952	225	29	during	during	ADP
cblr-2952	225	30	a	a	DET
cblr-2952	225	31	period	period	NOUN
cblr-2952	225	32	spanning	span	VERB
cblr-2952	225	33	over	over	ADP
cblr-2952	225	34	thirty	thirty	NUM
cblr-2952	225	35	years	year	NOUN
cblr-2952	225	36	.	.	PUNCT
cblr-2952	226	1	see	see	VERB
cblr-2952	226	2	kkr	kkr	PROPN
cblr-2952	226	3	registration	registration	NOUN
cblr-2952	226	4	statement	statement	NOUN
cblr-2952	226	5	,	,	PUNCT
cblr-2952	226	6	supra	supra	PROPN
cblr-2952	226	7	note	note	PROPN
cblr-2952	226	8	33	33	NUM
cblr-2952	226	9	,	,	PUNCT
cblr-2952	226	10	at	at	ADP
cblr-2952	226	11	4	4	NUM
cblr-2952	226	12	.	.	NOUN
cblr-2952	226	13	45	45	NUM
cblr-2952	226	14	see	see	VERB
cblr-2952	226	15	zvi	zvi	PROPN
cblr-2952	226	16	bodie	bodie	PROPN
cblr-2952	226	17	et	et	PROPN
cblr-2952	226	18	al	al	PROPN
cblr-2952	226	19	.	.	PROPN
cblr-2952	226	20	,	,	PUNCT
cblr-2952	226	21	investments	investment	NOUN
cblr-2952	226	22	,	,	PUNCT
cblr-2952	226	23	273	273	NUM
cblr-2952	226	24	(	(	PUNCT
cblr-2952	226	25	5th	5th	ADJ
cblr-2952	226	26	ed	ed	NOUN
cblr-2952	226	27	.	.	PUNCT
cblr-2952	226	28	2002	2002	NUM
cblr-2952	226	29	)	)	PUNCT
cblr-2952	226	30	.	.	PUNCT
cblr-2952	227	1	46	46	NUM
cblr-2952	228	1	i	i	PRON
cblr-2952	228	2	d.	d.	PROPN
cblr-2952	228	3	41	41	NUM
cblr-2952	228	4	see	see	VERB
cblr-2952	228	5	alexander	alexander	PROPN
cblr-2952	228	6	peter	peter	PROPN
cblr-2952	228	7	groh	groh	PROPN
cblr-2952	228	8	&	&	CCONJ
cblr-2952	228	9	oliver	oliver	PROPN
cblr-2952	228	10	gottschalg	gottschalg	PROPN
cblr-2952	228	11	,	,	PUNCT
cblr-2952	228	12	the	the	DET
cblr-2952	228	13	risk	risk	NOUN
cblr-2952	228	14	-	-	PUNCT
cblr-2952	228	15	adjusted	adjust	VERB
cblr-2952	228	16	performance	performance	NOUN
cblr-2952	228	17	of	of	ADP
cblr-2952	228	18	u.s	u.s	PROPN
cblr-2952	228	19	.	.	PROPN
cblr-2952	228	20	buyouts	buyout	NOUN
cblr-2952	228	21	(	(	PUNCT
cblr-2952	228	22	nov	nov	PROPN
cblr-2952	228	23	.	.	PROPN
cblr-2952	228	24	14	14	NUM
cblr-2952	228	25	,	,	PUNCT
cblr-2952	228	26	2006	2006	NUM
cblr-2952	228	27	)	)	PUNCT
cblr-2952	228	28	,	,	PUNCT
cblr-2952	228	29	available	available	ADJ
cblr-2952	228	30	at	at	ADP
cblr-2952	228	31	http://ssrn.com/abstract=876273	http://ssrn.com/abstract=876273	PROPN
cblr-2952	228	32	.	.	PUNCT
cblr-2952	229	1	this	this	PRON
cblr-2952	229	2	is	be	AUX
cblr-2952	229	3	particularly	particularly	ADV
cblr-2952	229	4	popular	popular	ADJ
cblr-2952	229	5	with	with	ADP
cblr-2952	229	6	investment	investment	NOUN
cblr-2952	229	7	managers	manager	NOUN
cblr-2952	229	8	who	who	PRON
cblr-2952	229	9	adopt	adopt	VERB
cblr-2952	229	10	a	a	DET
cblr-2952	229	11	portable	portable	ADJ
cblr-2952	229	12	alpha	alpha	NOUN
cblr-2952	229	13	strategy	strategy	NOUN
cblr-2952	229	14	,	,	PUNCT
cblr-2952	229	15	adjusting	adjust	VERB
cblr-2952	229	16	the	the	DET
cblr-2952	229	17	beta	beta	NOUN
cblr-2952	229	18	of	of	ADP
cblr-2952	229	19	their	their	PRON
cblr-2952	229	20	investment	investment	NOUN
cblr-2952	229	21	through	through	ADP
cblr-2952	229	22	leverage	leverage	NOUN
cblr-2952	229	23	in	in	ADP
cblr-2952	229	24	order	order	NOUN
cblr-2952	229	25	to	to	PART
cblr-2952	229	26	concentrate	concentrate	VERB
cblr-2952	229	27	on	on	ADP
cblr-2952	229	28	obtaining	obtain	VERB
cblr-2952	229	29	an	an	DET
cblr-2952	229	30	alpha	alpha	ADJ
cblr-2952	229	31	return	return	NOUN
cblr-2952	229	32	.	.	PUNCT
cblr-2952	230	1	columbia	columbia	PROPN
cblr-2952	230	2	business	business	PROPN
cblr-2952	230	3	la	la	PROPN
cblr-2952	230	4	w	w	PROPN
cblr-2952	230	5	review	review	NOUN
cblr-2952	230	6	[	[	X
cblr-2952	230	7	vol	vol	NOUN
cblr-2952	230	8	.	.	NOUN
cblr-2952	230	9	2008	2008	NUM
cblr-2952	230	10	black	black	ADJ
cblr-2952	230	11	market	market	NOUN
cblr-2952	230	12	capital	capital	NOUN
cblr-2952	230	13	diversification	diversification	NOUN
cblr-2952	230	14	and	and	CCONJ
cblr-2952	230	15	risk	risk	NOUN
cblr-2952	230	16	-	-	PUNCT
cblr-2952	230	17	management	management	NOUN
cblr-2952	230	18	properties	property	NOUN
cblr-2952	230	19	.	.	PUNCT
cblr-2952	231	1	private	private	ADJ
cblr-2952	231	2	equity	equity	NOUN
cblr-2952	231	3	generally	generally	ADV
cblr-2952	231	4	has	have	VERB
cblr-2952	231	5	only	only	ADV
cblr-2952	231	6	moderate	moderate	ADJ
cblr-2952	231	7	correlation	correlation	NOUN
cblr-2952	231	8	with	with	ADP
cblr-2952	231	9	the	the	DET
cblr-2952	231	10	public	public	ADJ
cblr-2952	231	11	equity	equity	NOUN
cblr-2952	231	12	and	and	CCONJ
cblr-2952	231	13	debt	debt	NOUN
cblr-2952	231	14	markets	market	NOUN
cblr-2952	231	15	,	,	PUNCT
cblr-2952	231	16	giving	give	VERB
cblr-2952	231	17	investors	investor	NOUN
cblr-2952	231	18	a	a	DET
cblr-2952	231	19	needed	need	VERB
cblr-2952	231	20	diversification	diversification	NOUN
cblr-2952	231	21	element.4	element.4	PROPN
cblr-2952	231	22	private	private	ADJ
cblr-2952	231	23	equity	equity	NOUN
cblr-2952	231	24	's	's	PART
cblr-2952	231	25	risk	risk	NOUN
cblr-2952	231	26	-	-	PUNCT
cblr-2952	231	27	ameliorating	ameliorate	VERB
cblr-2952	231	28	potential	potential	NOUN
cblr-2952	231	29	is	be	AUX
cblr-2952	231	30	also	also	ADV
cblr-2952	231	31	self	self	NOUN
cblr-2952	231	32	-	-	PUNCT
cblr-2952	231	33	apparent	apparent	ADJ
cblr-2952	231	34	;	;	PUNCT
cblr-2952	231	35	it	it	PRON
cblr-2952	231	36	is	be	AUX
cblr-2952	231	37	an	an	DET
cblr-2952	231	38	investment	investment	NOUN
cblr-2952	231	39	in	in	ADP
cblr-2952	231	40	multiple	multiple	ADJ
cblr-2952	231	41	private	private	ADJ
cblr-2952	231	42	companies	company	NOUN
cblr-2952	231	43	,	,	PUNCT
cblr-2952	231	44	diversifying	diversify	VERB
cblr-2952	231	45	away	away	ADP
cblr-2952	231	46	the	the	DET
cblr-2952	231	47	high	high	ADJ
cblr-2952	231	48	risk	risk	NOUN
cblr-2952	231	49	of	of	ADP
cblr-2952	231	50	a	a	DET
cblr-2952	231	51	single	single	ADJ
cblr-2952	231	52	private	private	ADJ
cblr-2952	231	53	acquisition	acquisition	NOUN
cblr-2952	231	54	.	.	PUNCT
cblr-2952	232	1	finally	finally	ADV
cblr-2952	232	2	,	,	PUNCT
cblr-2952	232	3	these	these	DET
cblr-2952	232	4	funds	fund	NOUN
cblr-2952	232	5	provide	provide	VERB
cblr-2952	232	6	a	a	DET
cblr-2952	232	7	vehicle	vehicle	NOUN
cblr-2952	232	8	for	for	SCONJ
cblr-2952	232	9	investors	investor	NOUN
cblr-2952	232	10	to	to	PART
cblr-2952	232	11	manage	manage	VERB
cblr-2952	232	12	their	their	PRON
cblr-2952	232	13	finance	finance	NOUN
cblr-2952	232	14	and	and	CCONJ
cblr-2952	232	15	leverage	leverage	NOUN
cblr-2952	232	16	.	.	PUNCT
cblr-2952	233	1	inexperienced	inexperienced	ADJ
cblr-2952	233	2	investors	investor	NOUN
cblr-2952	233	3	can	can	AUX
cblr-2952	233	4	invest	invest	VERB
cblr-2952	233	5	in	in	ADP
cblr-2952	233	6	private	private	ADJ
cblr-2952	233	7	equity	equity	NOUN
cblr-2952	233	8	,	,	PUNCT
cblr-2952	233	9	hiring	hire	VERB
cblr-2952	233	10	the	the	DET
cblr-2952	233	11	managers	manager	NOUN
cblr-2952	233	12	'	'	PART
cblr-2952	233	13	expertise	expertise	NOUN
cblr-2952	233	14	to	to	PART
cblr-2952	233	15	negotiate	negotiate	VERB
cblr-2952	233	16	,	,	PUNCT
cblr-2952	233	17	pick	pick	VERB
cblr-2952	233	18	,	,	PUNCT
cblr-2952	233	19	and	and	CCONJ
cblr-2952	233	20	operate	operate	VERB
cblr-2952	233	21	these	these	DET
cblr-2952	233	22	acquisitions.49	acquisitions.49	NOUN
cblr-2952	233	23	moreover	moreover	ADV
cblr-2952	233	24	,	,	PUNCT
cblr-2952	233	25	the	the	DET
cblr-2952	233	26	financing	financing	NOUN
cblr-2952	233	27	that	that	PRON
cblr-2952	233	28	these	these	DET
cblr-2952	233	29	funds	fund	NOUN
cblr-2952	233	30	incur	incur	VERB
cblr-2952	233	31	to	to	PART
cblr-2952	233	32	make	make	VERB
cblr-2952	233	33	these	these	DET
cblr-2952	233	34	investments	investment	NOUN
cblr-2952	233	35	are	be	AUX
cblr-2952	233	36	on	on	ADP
cblr-2952	233	37	more	more	ADV
cblr-2952	233	38	beneficial	beneficial	ADJ
cblr-2952	233	39	terms	term	NOUN
cblr-2952	233	40	and	and	CCONJ
cblr-2952	233	41	at	at	ADP
cblr-2952	233	42	a	a	DET
cblr-2952	233	43	lower	low	ADJ
cblr-2952	233	44	rate	rate	NOUN
cblr-2952	233	45	than	than	ADP
cblr-2952	233	46	an	an	DET
cblr-2952	233	47	investor	investor	NOUN
cblr-2952	233	48	can	can	AUX
cblr-2952	233	49	otherwise	otherwise	ADV
cblr-2952	233	50	typically	typically	ADV
cblr-2952	233	51	negotiate	negotiate	VERB
cblr-2952	233	52	for	for	ADP
cblr-2952	233	53	themselves.5	themselves.5	PROPN
cblr-2952	233	54	°	°	PROPN
cblr-2952	233	55	these	these	PRON
cblr-2952	233	56	are	be	AUX
cblr-2952	233	57	but	but	CCONJ
cblr-2952	233	58	a	a	DET
cblr-2952	233	59	few	few	ADJ
cblr-2952	233	60	examples	example	NOUN
cblr-2952	233	61	of	of	ADP
cblr-2952	233	62	the	the	DET
cblr-2952	233	63	expertise	expertise	NOUN
cblr-2952	233	64	and	and	CCONJ
cblr-2952	233	65	benefits	benefit	NOUN
cblr-2952	233	66	that	that	PRON
cblr-2952	233	67	these	these	DET
cblr-2952	233	68	capital	capital	NOUN
cblr-2952	233	69	funds	fund	NOUN
cblr-2952	233	70	provide	provide	VERB
cblr-2952	233	71	to	to	ADP
cblr-2952	233	72	investors	investor	NOUN
cblr-2952	233	73	.	.	PUNCT
cblr-2952	234	1	private	private	ADJ
cblr-2952	234	2	equity	equity	NOUN
cblr-2952	234	3	's	's	PART
cblr-2952	234	4	rise	rise	NOUN
cblr-2952	234	5	has	have	AUX
cblr-2952	234	6	changed	change	VERB
cblr-2952	234	7	the	the	DET
cblr-2952	234	8	architecture	architecture	NOUN
cblr-2952	234	9	of	of	ADP
cblr-2952	234	10	the	the	DET
cblr-2952	234	11	u.s	u.s	PROPN
cblr-2952	234	12	.	.	PROPN
cblr-2952	234	13	capital	capital	NOUN
cblr-2952	234	14	markets	market	NOUN
cblr-2952	234	15	by	by	ADP
cblr-2952	234	16	offering	offer	VERB
cblr-2952	234	17	an	an	DET
cblr-2952	234	18	economically	economically	ADV
cblr-2952	234	19	viable	viable	ADJ
cblr-2952	234	20	private	private	ADJ
cblr-2952	234	21	,	,	PUNCT
cblr-2952	234	22	rather	rather	ADV
cblr-2952	234	23	than	than	ADP
cblr-2952	234	24	public	public	ADJ
cblr-2952	234	25	,	,	PUNCT
cblr-2952	234	26	haven	haven	NOUN
cblr-2952	234	27	for	for	ADP
cblr-2952	234	28	companies	company	NOUN
cblr-2952	234	29	.	.	PUNCT
cblr-2952	235	1	the	the	DET
cblr-2952	235	2	creation	creation	NOUN
cblr-2952	235	3	of	of	ADP
cblr-2952	235	4	this	this	DET
cblr-2952	235	5	market	market	NOUN
cblr-2952	235	6	led	lead	VERB
cblr-2952	235	7	the	the	DET
cblr-2952	235	8	economist	economist	NOUN
cblr-2952	235	9	michael	michael	PROPN
cblr-2952	235	10	jensen	jensen	PROPN
cblr-2952	235	11	to	to	PART
cblr-2952	235	12	predict	predict	VERB
cblr-2952	235	13	in	in	ADP
cblr-2952	235	14	1989	1989	NUM
cblr-2952	235	15	that	that	SCONJ
cblr-2952	235	16	these	these	DET
cblr-2952	235	17	investments	investment	NOUN
cblr-2952	235	18	could	could	AUX
cblr-2952	235	19	engender	engender	VERB
cblr-2952	235	20	an	an	DET
cblr-2952	235	21	"	"	PUNCT
cblr-2952	235	22	eclipse	eclipse	NOUN
cblr-2952	235	23	of	of	ADP
cblr-2952	235	24	4	4	NUM
cblr-2952	235	25	see	see	NOUN
cblr-2952	235	26	center	center	NOUN
cblr-2952	235	27	for	for	ADP
cblr-2952	235	28	international	international	ADJ
cblr-2952	235	29	securities	security	NOUN
cblr-2952	235	30	and	and	CCONJ
cblr-2952	235	31	derivatives	derivative	NOUN
cblr-2952	235	32	markets	market	NOUN
cblr-2952	235	33	,	,	PUNCT
cblr-2952	235	34	the	the	DET
cblr-2952	235	35	benefits	benefit	NOUN
cblr-2952	235	36	of	of	ADP
cblr-2952	235	37	private	private	ADJ
cblr-2952	235	38	equity	equity	NOUN
cblr-2952	235	39	:	:	PUNCT
cblr-2952	235	40	2006	2006	NUM
cblr-2952	235	41	update	update	NOUN
cblr-2952	235	42	,	,	PUNCT
cblr-2952	235	43	7	7	NUM
cblr-2952	235	44	(	(	PUNCT
cblr-2952	235	45	may	may	NOUN
cblr-2952	235	46	2006	2006	NUM
cblr-2952	235	47	)	)	PUNCT
cblr-2952	235	48	,	,	PUNCT
cblr-2952	235	49	available	available	ADJ
cblr-2952	235	50	at	at	ADP
cblr-2952	235	51	http://cisdm.som.umass.edu/research/pdffiles/benefitsofprivateinvestment	http://cisdm.som.umass.edu/research/pdffiles/benefitsofprivateinvestment	PROPN
cblr-2952	235	52	.	.	PROPN
cblr-2952	235	53	pdf	pdf	PROPN
cblr-2952	235	54	(	(	PUNCT
cblr-2952	235	55	asserting	assert	VERB
cblr-2952	235	56	that	that	SCONJ
cblr-2952	235	57	since	since	SCONJ
cblr-2952	235	58	private	private	ADJ
cblr-2952	235	59	equity	equity	NOUN
cblr-2952	235	60	"	"	PUNCT
cblr-2952	235	61	is	be	AUX
cblr-2952	235	62	only	only	ADV
cblr-2952	235	63	moderately	moderately	ADV
cblr-2952	235	64	correlated	correlate	VERB
cblr-2952	235	65	"	"	PUNCT
cblr-2952	235	66	with	with	ADP
cblr-2952	235	67	the	the	DET
cblr-2952	235	68	s&p	s&p	PROPN
cblr-2952	235	69	500	500	NUM
cblr-2952	235	70	and	and	CCONJ
cblr-2952	235	71	a	a	DET
cblr-2952	235	72	number	number	NOUN
cblr-2952	235	73	of	of	ADP
cblr-2952	235	74	bond	bond	NOUN
cblr-2952	235	75	indexes	index	NOUN
cblr-2952	235	76	"	"	PUNCT
cblr-2952	235	77	it	it	PRON
cblr-2952	235	78	provides	provide	VERB
cblr-2952	235	79	diversification	diversification	NOUN
cblr-2952	235	80	benefits	benefit	NOUN
cblr-2952	235	81	"	"	PUNCT
cblr-2952	235	82	)	)	PUNCT
cblr-2952	236	1	[	[	X
cblr-2952	236	2	hereinafter	hereinafter	NOUN
cblr-2952	236	3	center	center	NOUN
cblr-2952	236	4	for	for	ADP
cblr-2952	236	5	international	international	ADJ
cblr-2952	236	6	securities	security	NOUN
cblr-2952	236	7	report	report	NOUN
cblr-2952	236	8	]	]	X
cblr-2952	236	9	;	;	PUNCT
cblr-2952	236	10	ludovic	ludovic	PROPN
cblr-2952	236	11	phalippou	phalippou	PROPN
cblr-2952	236	12	et	et	PROPN
cblr-2952	236	13	al	al	PROPN
cblr-2952	236	14	.	.	PROPN
cblr-2952	236	15	,	,	PUNCT
cblr-2952	236	16	performance	performance	NOUN
cblr-2952	236	17	of	of	ADP
cblr-2952	236	18	private	private	ADJ
cblr-2952	236	19	equity	equity	NOUN
cblr-2952	236	20	funds	fund	NOUN
cblr-2952	236	21	:	:	PUNCT
cblr-2952	236	22	another	another	DET
cblr-2952	236	23	puzzle	puzzle	NOUN
cblr-2952	236	24	?	?	PUNCT
cblr-2952	236	25	,	,	PUNCT
cblr-2952	236	26	28	28	NUM
cblr-2952	236	27	(	(	PUNCT
cblr-2952	236	28	2007	2007	NUM
cblr-2952	236	29	)	)	PUNCT
cblr-2952	236	30	(	(	PUNCT
cblr-2952	236	31	unpublished	unpublished	ADJ
cblr-2952	236	32	manuscript	manuscript	NOUN
cblr-2952	236	33	on	on	ADP
cblr-2952	236	34	file	file	NOUN
cblr-2952	236	35	with	with	ADP
cblr-2952	236	36	author	author	NOUN
cblr-2952	236	37	)	)	PUNCT
cblr-2952	236	38	.	.	PUNCT
cblr-2952	237	1	4	4	X
cblr-2952	237	2	"	"	PUNCT
cblr-2952	237	3	this	this	DET
cblr-2952	237	4	need	need	NOUN
cblr-2952	237	5	for	for	ADP
cblr-2952	237	6	expertise	expertise	NOUN
cblr-2952	237	7	is	be	AUX
cblr-2952	237	8	also	also	ADV
cblr-2952	237	9	one	one	NUM
cblr-2952	237	10	reason	reason	NOUN
cblr-2952	237	11	for	for	ADP
cblr-2952	237	12	the	the	DET
cblr-2952	237	13	popularity	popularity	NOUN
cblr-2952	237	14	of	of	ADP
cblr-2952	237	15	funds	fund	NOUN
cblr-2952	237	16	of	of	ADP
cblr-2952	237	17	funds	fund	NOUN
cblr-2952	237	18	,	,	PUNCT
cblr-2952	237	19	funds	fund	NOUN
cblr-2952	237	20	which	which	PRON
cblr-2952	237	21	invest	invest	VERB
cblr-2952	237	22	in	in	ADP
cblr-2952	237	23	other	other	ADJ
cblr-2952	237	24	hedge	hedge	NOUN
cblr-2952	237	25	funds	fund	NOUN
cblr-2952	237	26	and	and	CCONJ
cblr-2952	237	27	private	private	ADJ
cblr-2952	237	28	equity	equity	NOUN
cblr-2952	237	29	funds	fund	NOUN
cblr-2952	237	30	.	.	PUNCT
cblr-2952	238	1	see	see	VERB
cblr-2952	238	2	generally	generally	ADV
cblr-2952	238	3	richard	richard	PROPN
cblr-2952	238	4	k.	k.	PROPN
cblr-2952	238	5	lai	lai	PROPN
cblr-2952	238	6	,	,	PUNCT
cblr-2952	238	7	why	why	SCONJ
cblr-2952	238	8	funds	fund	NOUN
cblr-2952	238	9	of	of	ADP
cblr-2952	238	10	funds	fund	NOUN
cblr-2952	238	11	?	?	PUNCT
cblr-2952	238	12	,	,	PUNCT
cblr-2952	238	13	5	5	NUM
cblr-2952	238	14	-	-	SYM
cblr-2952	238	15	8	8	NUM
cblr-2952	238	16	(	(	PUNCT
cblr-2952	238	17	feb	feb	X
cblr-2952	238	18	.	.	PROPN
cblr-2952	238	19	15	15	NUM
cblr-2952	238	20	,	,	PUNCT
cblr-2952	238	21	2006	2006	NUM
cblr-2952	238	22	)	)	PUNCT
cblr-2952	238	23	,	,	PUNCT
cblr-2952	238	24	available	available	ADJ
cblr-2952	238	25	at	at	ADP
cblr-2952	238	26	http://ssrn.com/abstract=676999	http://ssrn.com/abstract=676999	NOUN
cblr-2952	238	27	(	(	PUNCT
cblr-2952	238	28	examining	examine	VERB
cblr-2952	238	29	the	the	DET
cblr-2952	238	30	financial	financial	ADJ
cblr-2952	238	31	and	and	CCONJ
cblr-2952	238	32	economic	economic	ADJ
cblr-2952	238	33	incentives	incentive	NOUN
cblr-2952	238	34	engendering	engender	VERB
cblr-2952	238	35	the	the	DET
cblr-2952	238	36	utilization	utilization	NOUN
cblr-2952	238	37	of	of	ADP
cblr-2952	238	38	funds	fund	NOUN
cblr-2952	238	39	of	of	ADP
cblr-2952	238	40	funds	fund	NOUN
cblr-2952	238	41	)	)	PUNCT
cblr-2952	238	42	.	.	PUNCT
cblr-2952	239	1	50	50	NUM
cblr-2952	239	2	private	private	ADJ
cblr-2952	239	3	equity	equity	NOUN
cblr-2952	239	4	leverage	leverage	NOUN
cblr-2952	239	5	and	and	CCONJ
cblr-2952	239	6	the	the	DET
cblr-2952	239	7	largely	largely	ADV
cblr-2952	239	8	debt	debt	NOUN
cblr-2952	239	9	as	as	SCONJ
cblr-2952	239	10	opposed	oppose	VERB
cblr-2952	239	11	to	to	ADP
cblr-2952	239	12	equity	equity	NOUN
cblr-2952	239	13	capital	capital	NOUN
cblr-2952	239	14	structure	structure	NOUN
cblr-2952	239	15	it	it	PRON
cblr-2952	239	16	creates	create	VERB
cblr-2952	239	17	is	be	AUX
cblr-2952	239	18	one	one	NUM
cblr-2952	239	19	reason	reason	NOUN
cblr-2952	239	20	for	for	ADP
cblr-2952	239	21	the	the	DET
cblr-2952	239	22	positive	positive	ADJ
cblr-2952	239	23	returns	return	NOUN
cblr-2952	239	24	of	of	ADP
cblr-2952	239	25	these	these	DET
cblr-2952	239	26	transactions	transaction	NOUN
cblr-2952	239	27	.	.	PUNCT
cblr-2952	240	1	see	see	VERB
cblr-2952	240	2	generally	generally	ADV
cblr-2952	240	3	ulf	ulf	PROPN
cblr-2952	240	4	axelson	axelson	PROPN
cblr-2952	240	5	et	et	PROPN
cblr-2952	240	6	al	al	PROPN
cblr-2952	240	7	.	.	PROPN
cblr-2952	240	8	,	,	PUNCT
cblr-2952	240	9	why	why	SCONJ
cblr-2952	240	10	are	be	AUX
cblr-2952	240	11	buyouts	buyout	NOUN
cblr-2952	240	12	levered	lever	VERB
cblr-2952	240	13	?	?	PUNCT
cblr-2952	241	1	the	the	DET
cblr-2952	241	2	financial	financial	ADJ
cblr-2952	241	3	structure	structure	NOUN
cblr-2952	241	4	of	of	ADP
cblr-2952	241	5	private	private	ADJ
cblr-2952	241	6	equity	equity	NOUN
cblr-2952	241	7	funds	fund	NOUN
cblr-2952	241	8	(	(	PUNCT
cblr-2952	241	9	jan	jan	PROPN
cblr-2952	241	10	,	,	PUNCT
cblr-2952	241	11	4	4	NUM
cblr-2952	241	12	,	,	PUNCT
cblr-2952	241	13	2007	2007	NUM
cblr-2952	241	14	)	)	PUNCT
cblr-2952	241	15	,	,	PUNCT
cblr-2952	241	16	available	available	ADJ
cblr-2952	241	17	at	at	ADP
cblr-2952	241	18	http://www.business.uiuc.edu/weisbach/lbo%20funds%20final%20version%20jan2007.pdf	http://www.business.uiuc.edu/weisbach/lbo%20funds%20final%20version%20jan2007.pdf	PROPN
cblr-2952	241	19	.	.	PUNCT
cblr-2952	242	1	no	no	INTJ
cblr-2952	242	2	.	.	NOUN
cblr-2952	243	1	1	1	NUM
cblr-2952	243	2	:	:	SYM
cblr-2952	243	3	172	172	NUM
cblr-2952	243	4	]	]	PUNCT
cblr-2952	243	5	the	the	DET
cblr-2952	243	6	public	public	ADJ
cblr-2952	243	7	corporation	corporation	NOUN
cblr-2952	243	8	.	.	PUNCT
cblr-2952	244	1	"	"	PUNCT
cblr-2952	244	2	'	'	PUNCT
cblr-2952	244	3	he	he	PRON
cblr-2952	244	4	based	base	VERB
cblr-2952	244	5	this	this	DET
cblr-2952	244	6	prediction	prediction	NOUN
cblr-2952	244	7	upon	upon	SCONJ
cblr-2952	244	8	his	his	PRON
cblr-2952	244	9	perceived	perceive	VERB
cblr-2952	244	10	superiority	superiority	NOUN
cblr-2952	244	11	of	of	ADP
cblr-2952	244	12	the	the	DET
cblr-2952	244	13	private	private	ADJ
cblr-2952	244	14	company	company	NOUN
cblr-2952	244	15	over	over	ADP
cblr-2952	244	16	the	the	DET
cblr-2952	244	17	public	public	ADJ
cblr-2952	244	18	company	company	NOUN
cblr-2952	244	19	due	due	ADP
cblr-2952	244	20	to	to	ADP
cblr-2952	244	21	the	the	DET
cblr-2952	244	22	reduction	reduction	NOUN
cblr-2952	244	23	in	in	ADP
cblr-2952	244	24	agency	agency	NOUN
cblr-2952	244	25	and	and	CCONJ
cblr-2952	244	26	regulatory	regulatory	ADJ
cblr-2952	244	27	costs	cost	NOUN
cblr-2952	244	28	a	a	DET
cblr-2952	244	29	private	private	ADJ
cblr-2952	244	30	company	company	NOUN
cblr-2952	244	31	could	could	AUX
cblr-2952	244	32	achieve	achieve	VERB
cblr-2952	244	33	.	.	PUNCT
cblr-2952	245	1	the	the	DET
cblr-2952	245	2	high	high	ADJ
cblr-2952	245	3	number	number	NOUN
cblr-2952	245	4	of	of	ADP
cblr-2952	245	5	initial	initial	ADJ
cblr-2952	245	6	public	public	ADJ
cblr-2952	245	7	offerings	offering	NOUN
cblr-2952	245	8	of	of	ADP
cblr-2952	245	9	companies	company	NOUN
cblr-2952	245	10	previously	previously	ADV
cblr-2952	245	11	acquired	acquire	VERB
cblr-2952	245	12	by	by	ADP
cblr-2952	245	13	private	private	ADJ
cblr-2952	245	14	equity	equity	NOUN
cblr-2952	245	15	show	show	NOUN
cblr-2952	245	16	that	that	SCONJ
cblr-2952	245	17	jensen	jensen	PROPN
cblr-2952	245	18	's	's	PART
cblr-2952	245	19	prediction	prediction	NOUN
cblr-2952	245	20	has	have	AUX
cblr-2952	245	21	not	not	PART
cblr-2952	245	22	yet	yet	ADV
cblr-2952	245	23	fully	fully	ADV
cblr-2952	245	24	come	come	VERB
cblr-2952	245	25	to	to	PART
cblr-2952	245	26	pass	pass	VERB
cblr-2952	245	27	;	;	PUNCT
cblr-2952	245	28	value	value	NOUN
cblr-2952	245	29	is	be	AUX
cblr-2952	245	30	still	still	ADV
cblr-2952	245	31	present	present	ADJ
cblr-2952	245	32	in	in	ADP
cblr-2952	245	33	the	the	DET
cblr-2952	245	34	public	public	ADJ
cblr-2952	245	35	markets.52	markets.52	NOUN
cblr-2952	245	36	still	still	ADV
cblr-2952	245	37	,	,	PUNCT
cblr-2952	245	38	it	it	PRON
cblr-2952	245	39	can	can	AUX
cblr-2952	245	40	not	not	PART
cblr-2952	245	41	be	be	AUX
cblr-2952	245	42	denied	deny	VERB
cblr-2952	245	43	that	that	SCONJ
cblr-2952	245	44	private	private	ADJ
cblr-2952	245	45	equity	equity	NOUN
cblr-2952	245	46	has	have	AUX
cblr-2952	245	47	provided	provide	VERB
cblr-2952	245	48	an	an	DET
cblr-2952	245	49	increasingly	increasingly	ADV
cblr-2952	245	50	available	available	ADJ
cblr-2952	245	51	private	private	ADJ
cblr-2952	245	52	alternative	alternative	NOUN
cblr-2952	245	53	for	for	ADP
cblr-2952	245	54	companies	company	NOUN
cblr-2952	245	55	.	.	PUNCT
cblr-2952	246	1	it	it	PRON
cblr-2952	246	2	has	have	AUX
cblr-2952	246	3	also	also	ADV
cblr-2952	246	4	benefited	benefit	VERB
cblr-2952	246	5	target	target	NOUN
cblr-2952	246	6	shareholders	shareholder	NOUN
cblr-2952	246	7	by	by	ADP
cblr-2952	246	8	paying	pay	VERB
cblr-2952	246	9	them	they	PRON
cblr-2952	246	10	change	change	VERB
cblr-2952	246	11	-	-	PUNCT
cblr-2952	246	12	of	of	ADP
cblr-2952	246	13	-	-	PUNCT
cblr-2952	246	14	control	control	NOUN
cblr-2952	246	15	premiums	premium	NOUN
cblr-2952	246	16	,	,	PUNCT
cblr-2952	246	17	unlocking	unlock	VERB
cblr-2952	246	18	shareholder	shareholder	NOUN
cblr-2952	246	19	value	value	NOUN
cblr-2952	246	20	for	for	ADP
cblr-2952	246	21	this	this	DET
cblr-2952	246	22	widespread	widespread	ADJ
cblr-2952	246	23	group	group	NOUN
cblr-2952	246	24	.	.	PUNCT
cblr-2952	247	1	private	private	ADJ
cblr-2952	247	2	equity	equity	NOUN
cblr-2952	247	3	,	,	PUNCT
cblr-2952	247	4	though	though	ADV
cblr-2952	247	5	,	,	PUNCT
cblr-2952	247	6	has	have	AUX
cblr-2952	247	7	raised	raise	VERB
cblr-2952	247	8	system	system	NOUN
cblr-2952	247	9	-	-	PUNCT
cblr-2952	247	10	wide	wide	ADJ
cblr-2952	247	11	market	market	NOUN
cblr-2952	247	12	issues	issue	NOUN
cblr-2952	247	13	.	.	PUNCT
cblr-2952	248	1	private	private	ADJ
cblr-2952	248	2	equity	equity	NOUN
cblr-2952	248	3	often	often	ADV
cblr-2952	248	4	partners	partner	VERB
cblr-2952	248	5	with	with	ADP
cblr-2952	248	6	target	target	NOUN
cblr-2952	248	7	company	company	NOUN
cblr-2952	248	8	management	management	NOUN
cblr-2952	248	9	or	or	CCONJ
cblr-2952	248	10	affiliated	affiliated	ADJ
cblr-2952	248	11	shareholders	shareholder	NOUN
cblr-2952	248	12	in	in	ADP
cblr-2952	248	13	their	their	PRON
cblr-2952	248	14	acquisitions	acquisition	NOUN
cblr-2952	248	15	;	;	PUNCT
cblr-2952	248	16	this	this	PRON
cblr-2952	248	17	has	have	AUX
cblr-2952	248	18	led	lead	VERB
cblr-2952	248	19	to	to	ADP
cblr-2952	248	20	complaints	complaint	NOUN
cblr-2952	248	21	by	by	ADP
cblr-2952	248	22	unaffiliated	unaffiliated	ADJ
cblr-2952	248	23	shareholders	shareholder	NOUN
cblr-2952	248	24	of	of	ADP
cblr-2952	248	25	insider	insider	NOUN
cblr-2952	248	26	dealing	dealing	NOUN
cblr-2952	248	27	and	and	CCONJ
cblr-2952	248	28	buy	buy	NOUN
cblr-2952	248	29	-	-	PUNCT
cblr-2952	248	30	outs	out	NOUN
cblr-2952	248	31	at	at	ADP
cblr-2952	248	32	unduly	unduly	ADV
cblr-2952	248	33	low	low	ADJ
cblr-2952	248	34	consideration	consideration	NOUN
cblr-2952	248	35	to	to	ADP
cblr-2952	248	36	the	the	DET
cblr-2952	248	37	detriment	detriment	NOUN
cblr-2952	248	38	of	of	ADP
cblr-2952	248	39	these	these	DET
cblr-2952	248	40	unaffiliated	unaffiliated	ADJ
cblr-2952	248	41	shareholders.53	shareholders.53	PROPN
cblr-2952	248	42	moreover	moreover	ADV
cblr-2952	248	43	,	,	PUNCT
cblr-2952	248	44	the	the	DET
cblr-2952	248	45	leverage	leverage	NOUN
cblr-2952	248	46	utilized	utilize	VERB
cblr-2952	248	47	by	by	ADP
cblr-2952	248	48	private	private	ADJ
cblr-2952	248	49	equity	equity	NOUN
cblr-2952	248	50	creates	create	VERB
cblr-2952	248	51	greater	great	ADJ
cblr-2952	248	52	individualized	individualized	ADJ
cblr-2952	248	53	corporate	corporate	ADJ
cblr-2952	248	54	and	and	CCONJ
cblr-2952	248	55	systemic	systemic	ADJ
cblr-2952	248	56	risk	risk	NOUN
cblr-2952	248	57	.	.	PUNCT
cblr-2952	249	1	the	the	DET
cblr-2952	249	2	bankruptcies	bankruptcy	NOUN
cblr-2952	249	3	in	in	ADP
cblr-2952	249	4	the	the	DET
cblr-2952	249	5	late	late	ADJ
cblr-2952	249	6	1980s	1980	NOUN
cblr-2952	249	7	of	of	ADP
cblr-2952	249	8	a	a	DET
cblr-2952	249	9	number	number	NOUN
cblr-2952	249	10	of	of	ADP
cblr-2952	249	11	private	private	ADJ
cblr-2952	249	12	equity	equity	NOUN
cblr-2952	249	13	companies	company	NOUN
cblr-2952	249	14	due	due	ADJ
cblr-2952	249	15	to	to	ADP
cblr-2952	249	16	"	"	PUNCT
cblr-2952	249	17	'	'	PUNCT
cblr-2952	249	18	michael	michael	PROPN
cblr-2952	249	19	c.	c.	PROPN
cblr-2952	249	20	jensen	jensen	PROPN
cblr-2952	249	21	,	,	PUNCT
cblr-2952	249	22	eclipse	eclipse	NOUN
cblr-2952	249	23	of	of	ADP
cblr-2952	249	24	the	the	DET
cblr-2952	249	25	public	public	ADJ
cblr-2952	249	26	corporation	corporation	NOUN
cblr-2952	249	27	,	,	PUNCT
cblr-2952	249	28	harv	harv	PROPN
cblr-2952	249	29	.	.	PUNCT
cblr-2952	250	1	bus	bus	NOUN
cblr-2952	250	2	.	.	PUNCT
cblr-2952	251	1	rev	rev	PROPN
cblr-2952	251	2	.	.	PUNCT
cblr-2952	252	1	(	(	PUNCT
cblr-2952	252	2	sept.-oct	sept.-oct	PROPN
cblr-2952	252	3	.	.	PUNCT
cblr-2952	252	4	1989	1989	NUM
cblr-2952	252	5	)	)	PUNCT
cblr-2952	252	6	.	.	PUNCT
cblr-2952	253	1	52	52	NUM
cblr-2952	253	2	for	for	ADP
cblr-2952	253	3	example	example	NOUN
cblr-2952	253	4	,	,	PUNCT
cblr-2952	253	5	in	in	ADP
cblr-2952	253	6	one	one	NUM
cblr-2952	253	7	5.5	5.5	NUM
cblr-2952	253	8	month	month	NOUN
cblr-2952	253	9	period	period	NOUN
cblr-2952	253	10	alone	alone	ADV
cblr-2952	253	11	,	,	PUNCT
cblr-2952	253	12	from	from	ADP
cblr-2952	253	13	january	january	PROPN
cblr-2952	253	14	1	1	NUM
cblr-2952	253	15	,	,	PUNCT
cblr-2952	253	16	2007	2007	NUM
cblr-2952	253	17	to	to	ADP
cblr-2952	253	18	may	may	PROPN
cblr-2952	253	19	14	14	NUM
cblr-2952	253	20	,	,	PUNCT
cblr-2952	253	21	2007	2007	NUM
cblr-2952	253	22	,	,	PUNCT
cblr-2952	253	23	sixty	sixty	NUM
cblr-2952	253	24	-	-	PUNCT
cblr-2952	253	25	nine	nine	NUM
cblr-2952	253	26	companies	company	NOUN
cblr-2952	253	27	had	have	VERB
cblr-2952	253	28	initial	initial	ADJ
cblr-2952	253	29	public	public	ADJ
cblr-2952	253	30	offerings	offering	NOUN
cblr-2952	253	31	raising	raise	VERB
cblr-2952	253	32	$	$	SYM
cblr-2952	253	33	15.4	15.4	NUM
cblr-2952	253	34	billion	billion	NUM
cblr-2952	253	35	in	in	ADP
cblr-2952	253	36	aggregate	aggregate	ADJ
cblr-2952	253	37	proceeds	proceed	NOUN
cblr-2952	253	38	.	.	PUNCT
cblr-2952	254	1	twenty	twenty	NUM
cblr-2952	254	2	-	-	PUNCT
cblr-2952	254	3	three	three	NUM
cblr-2952	254	4	of	of	ADP
cblr-2952	254	5	these	these	DET
cblr-2952	254	6	initial	initial	ADJ
cblr-2952	254	7	public	public	ADJ
cblr-2952	254	8	offerings	offering	NOUN
cblr-2952	254	9	were	be	AUX
cblr-2952	254	10	private	private	ADJ
cblr-2952	254	11	equity	equity	NOUN
cblr-2952	254	12	sponsored	sponsor	VERB
cblr-2952	254	13	,	,	PUNCT
cblr-2952	254	14	raising	raise	VERB
cblr-2952	254	15	$	$	SYM
cblr-2952	254	16	6.6	6.6	NUM
cblr-2952	254	17	billion	billion	NUM
cblr-2952	254	18	in	in	ADP
cblr-2952	254	19	aggregate	aggregate	ADJ
cblr-2952	254	20	proceeds	proceed	NOUN
cblr-2952	254	21	.	.	PUNCT
cblr-2952	255	1	these	these	DET
cblr-2952	255	2	figures	figure	NOUN
cblr-2952	255	3	do	do	AUX
cblr-2952	255	4	not	not	PART
cblr-2952	255	5	include	include	VERB
cblr-2952	255	6	initial	initial	ADJ
cblr-2952	255	7	public	public	ADJ
cblr-2952	255	8	offerings	offering	NOUN
cblr-2952	255	9	by	by	ADP
cblr-2952	255	10	spacs	spac	NOUN
cblr-2952	255	11	and	and	CCONJ
cblr-2952	255	12	real	real	ADJ
cblr-2952	255	13	estate	estate	NOUN
cblr-2952	255	14	investment	investment	NOUN
cblr-2952	255	15	trusts	trust	NOUN
cblr-2952	255	16	.	.	PUNCT
cblr-2952	256	1	see	see	VERB
cblr-2952	256	2	yvonne	yvonne	PROPN
cblr-2952	256	3	ball	ball	PROPN
cblr-2952	256	4	,	,	PUNCT
cblr-2952	256	5	private	private	ADJ
cblr-2952	256	6	equity	equity	NOUN
cblr-2952	256	7	seeks	seek	VERB
cblr-2952	256	8	ipo	ipo	NOUN
cblr-2952	256	9	exits	exit	NOUN
cblr-2952	256	10	,	,	PUNCT
cblr-2952	256	11	wall	wall	PROPN
cblr-2952	256	12	st	st	PROPN
cblr-2952	256	13	.	.	PROPN
cblr-2952	256	14	j.	j.	PROPN
cblr-2952	256	15	,	,	PUNCT
cblr-2952	256	16	may	may	AUX
cblr-2952	256	17	14	14	NUM
cblr-2952	256	18	,	,	PUNCT
cblr-2952	256	19	2007	2007	NUM
cblr-2952	256	20	,	,	PUNCT
cblr-2952	256	21	at	at	ADP
cblr-2952	256	22	c5	c5	PROPN
cblr-2952	256	23	;	;	PUNCT
cblr-2952	256	24	see	see	VERB
cblr-2952	256	25	generally	generally	ADV
cblr-2952	256	26	jerry	jerry	PROPN
cblr-2952	256	27	x.	x.	PROPN
cblr-2952	256	28	cao	cao	PROPN
cblr-2952	256	29	&	&	CCONJ
cblr-2952	256	30	josh	josh	PROPN
cblr-2952	256	31	lerner	lerner	PROPN
cblr-2952	256	32	,	,	PUNCT
cblr-2952	256	33	the	the	DET
cblr-2952	256	34	performance	performance	NOUN
cblr-2952	256	35	of	of	ADP
cblr-2952	256	36	reverse	reverse	ADJ
cblr-2952	256	37	leveraged	leveraged	ADJ
cblr-2952	256	38	buyouts	buyout	NOUN
cblr-2952	256	39	,	,	PUNCT
cblr-2952	256	40	at	at	ADP
cblr-2952	256	41	3	3	NUM
cblr-2952	256	42	(	(	PUNCT
cblr-2952	256	43	oct	oct	PROPN
cblr-2952	256	44	.	.	PROPN
cblr-2952	256	45	15	15	NUM
cblr-2952	256	46	,	,	PUNCT
cblr-2952	256	47	2006	2006	NUM
cblr-2952	256	48	)	)	PUNCT
cblr-2952	256	49	,	,	PUNCT
cblr-2952	256	50	available	available	ADJ
cblr-2952	256	51	at	at	ADP
cblr-2952	256	52	http://ssr.com/abstract=937801	http://ssr.com/abstract=937801	PROPN
cblr-2952	256	53	(	(	PUNCT
cblr-2952	256	54	reviewing	review	VERB
cblr-2952	256	55	previous	previous	ADJ
cblr-2952	256	56	academic	academic	ADJ
cblr-2952	256	57	studies	study	NOUN
cblr-2952	256	58	of	of	ADP
cblr-2952	256	59	private	private	ADJ
cblr-2952	256	60	equity	equity	NOUN
cblr-2952	256	61	sponsored	sponsor	VERB
cblr-2952	256	62	initial	initial	ADJ
cblr-2952	256	63	public	public	ADJ
cblr-2952	256	64	offerings	offering	NOUN
cblr-2952	256	65	)	)	PUNCT
cblr-2952	256	66	.	.	PUNCT
cblr-2952	256	67	'	'	PUNCT
cblr-2952	257	1	see	see	VERB
cblr-2952	257	2	,	,	PUNCT
cblr-2952	257	3	e.g.	e.g.	ADV
cblr-2952	257	4	,	,	PUNCT
cblr-2952	257	5	gretchen	gretchen	PROPN
cblr-2952	257	6	morgenson	morgenson	PROPN
cblr-2952	257	7	,	,	PUNCT
cblr-2952	257	8	just	just	ADV
cblr-2952	257	9	saying	say	VERB
cblr-2952	257	10	no	no	INTJ
cblr-2952	257	11	to	to	PART
cblr-2952	257	12	lowball	lowball	VERB
cblr-2952	257	13	buyout	buyout	NOUN
cblr-2952	257	14	offers	offer	NOUN
cblr-2952	257	15	,	,	PUNCT
cblr-2952	257	16	n.y	n.y	PROPN
cblr-2952	257	17	.	.	PROPN
cblr-2952	257	18	times	times	PROPN
cblr-2952	257	19	,	,	PUNCT
cblr-2952	257	20	may	may	AUX
cblr-2952	257	21	20	20	NUM
cblr-2952	257	22	,	,	PUNCT
cblr-2952	257	23	2007	2007	NUM
cblr-2952	257	24	,	,	PUNCT
cblr-2952	257	25	at	at	ADP
cblr-2952	257	26	c1	c1	PROPN
cblr-2952	257	27	(	(	PUNCT
cblr-2952	257	28	reporting	report	VERB
cblr-2952	257	29	on	on	ADP
cblr-2952	257	30	institutional	institutional	ADJ
cblr-2952	257	31	shareholder	shareholder	NOUN
cblr-2952	257	32	protests	protest	NOUN
cblr-2952	257	33	at	at	ADP
cblr-2952	257	34	private	private	ADJ
cblr-2952	257	35	equity	equity	NOUN
cblr-2952	257	36	and	and	CCONJ
cblr-2952	257	37	management	management	NOUN
cblr-2952	257	38	co	co	VERB
cblr-2952	257	39	-	-	ADJ
cblr-2952	257	40	sponsored	sponsor	VERB
cblr-2952	257	41	acquisition	acquisition	NOUN
cblr-2952	257	42	proposals	proposal	NOUN
cblr-2952	257	43	)	)	PUNCT
cblr-2952	257	44	.	.	PUNCT
cblr-2952	258	1	for	for	ADP
cblr-2952	258	2	a	a	DET
cblr-2952	258	3	review	review	NOUN
cblr-2952	258	4	of	of	ADP
cblr-2952	258	5	the	the	DET
cblr-2952	258	6	problems	problem	NOUN
cblr-2952	258	7	with	with	ADP
cblr-2952	258	8	management	management	NOUN
cblr-2952	258	9	buy	buy	NOUN
cblr-2952	258	10	-	-	PUNCT
cblr-2952	258	11	outs	out	NOUN
cblr-2952	258	12	,	,	PUNCT
cblr-2952	258	13	see	see	VERB
cblr-2952	258	14	louis	louis	PROPN
cblr-2952	258	15	lowenstein	lowenstein	PROPN
cblr-2952	258	16	,	,	PUNCT
cblr-2952	258	17	management	management	NOUN
cblr-2952	258	18	buyouts	buyout	NOUN
cblr-2952	258	19	,	,	PUNCT
cblr-2952	258	20	85	85	NUM
cblr-2952	258	21	colum	colum	NOUN
cblr-2952	258	22	.	.	PUNCT
cblr-2952	259	1	l.	l.	PROPN
cblr-2952	259	2	rev	rev	PROPN
cblr-2952	259	3	.	.	PROPN
cblr-2952	260	1	730	730	NUM
cblr-2952	260	2	,	,	PUNCT
cblr-2952	260	3	73254	73254	NUM
cblr-2952	260	4	(	(	PUNCT
cblr-2952	260	5	1985	1985	NUM
cblr-2952	260	6	)	)	PUNCT
cblr-2952	260	7	;	;	PUNCT
cblr-2952	260	8	dale	dale	PROPN
cblr-2952	260	9	a.	a.	NOUN
cblr-2952	260	10	oesterle	oesterle	PROPN
cblr-2952	260	11	&	&	CCONJ
cblr-2952	260	12	jon	jon	PROPN
cblr-2952	260	13	r.	r.	PROPN
cblr-2952	260	14	norberg	norberg	PROPN
cblr-2952	260	15	,	,	PUNCT
cblr-2952	260	16	management	management	NOUN
cblr-2952	260	17	buyouts	buyout	NOUN
cblr-2952	260	18	:	:	PUNCT
cblr-2952	260	19	creating	create	VERB
cblr-2952	260	20	or	or	CCONJ
cblr-2952	260	21	appropriating	appropriate	VERB
cblr-2952	260	22	shareholder	shareholder	NOUN
cblr-2952	260	23	wealth	wealth	NOUN
cblr-2952	260	24	?	?	PUNCT
cblr-2952	260	25	,	,	PUNCT
cblr-2952	260	26	41	41	NUM
cblr-2952	260	27	vand	vand	NOUN
cblr-2952	260	28	.	.	PUNCT
cblr-2952	261	1	l.	l.	PROPN
cblr-2952	261	2	rev	rev	PROPN
cblr-2952	261	3	.	.	PROPN
cblr-2952	261	4	207	207	NUM
cblr-2952	261	5	,	,	PUNCT
cblr-2952	261	6	215	215	NUM
cblr-2952	261	7	-	-	SYM
cblr-2952	261	8	33	33	NUM
cblr-2952	261	9	(	(	PUNCT
cblr-2952	261	10	1988	1988	NUM
cblr-2952	261	11	)	)	PUNCT
cblr-2952	261	12	.	.	PUNCT
cblr-2952	262	1	col	col	PROPN
cblr-2952	262	2	umbia	umbia	PROPN
cblr-2952	262	3	b	b	PROPN
cblr-2952	262	4	usiness	usiness	PROPN
cblr-2952	262	5	la	la	PROPN
cblr-2952	262	6	w	w	PROPN
cblr-2952	262	7	re	re	PROPN
cblr-2952	262	8	vie	vie	PROPN
cblr-2952	262	9	w	w	PROPN
cblr-2952	263	1	[	[	X
cblr-2952	263	2	vol	vol	NOUN
cblr-2952	263	3	.	.	NOUN
cblr-2952	263	4	2008	2008	NUM
cblr-2952	263	5	over	over	ADP
cblr-2952	263	6	-	-	PUNCT
cblr-2952	263	7	leverage	leverage	NOUN
cblr-2952	263	8	led	lead	VERB
cblr-2952	263	9	in	in	ADP
cblr-2952	263	10	part	part	NOUN
cblr-2952	263	11	to	to	ADP
cblr-2952	263	12	the	the	DET
cblr-2952	263	13	1989	1989	NUM
cblr-2952	263	14	collapse	collapse	NOUN
cblr-2952	263	15	of	of	ADP
cblr-2952	263	16	the	the	DET
cblr-2952	263	17	high	high	ADJ
cblr-2952	263	18	yield	yield	NOUN
cblr-2952	263	19	market	market	NOUN
cblr-2952	263	20	and	and	CCONJ
cblr-2952	263	21	were	be	AUX
cblr-2952	263	22	one	one	NUM
cblr-2952	263	23	cause	cause	NOUN
cblr-2952	263	24	of	of	ADP
cblr-2952	263	25	the	the	DET
cblr-2952	263	26	subsequent	subsequent	ADJ
cblr-2952	263	27	bear	bear	NOUN
cblr-2952	263	28	stock	stock	NOUN
cblr-2952	263	29	market	market	NOUN
cblr-2952	263	30	.	.	PUNCT
cblr-2952	263	31	'	'	PUNCT
cblr-2952	264	1	concerns	concern	NOUN
cblr-2952	264	2	of	of	ADP
cblr-2952	264	3	over	over	ADP
cblr-2952	264	4	-	-	PUNCT
cblr-2952	264	5	leverage	leverage	NOUN
cblr-2952	264	6	in	in	ADP
cblr-2952	264	7	private	private	ADJ
cblr-2952	264	8	equity	equity	NOUN
cblr-2952	264	9	and	and	CCONJ
cblr-2952	264	10	possible	possible	ADJ
cblr-2952	264	11	system	system	NOUN
cblr-2952	264	12	-	-	PUNCT
cblr-2952	264	13	wide	wide	ADJ
cblr-2952	264	14	distortion	distortion	NOUN
cblr-2952	264	15	still	still	ADV
cblr-2952	264	16	exist.55	exist.55	VERB
cblr-2952	264	17	the	the	DET
cblr-2952	264	18	high	high	ADJ
cblr-2952	264	19	number	number	NOUN
cblr-2952	264	20	of	of	ADP
cblr-2952	264	21	private	private	ADJ
cblr-2952	264	22	equity	equity	NOUN
cblr-2952	264	23	firms	firm	NOUN
cblr-2952	264	24	flush	flush	ADJ
cblr-2952	264	25	with	with	ADP
cblr-2952	264	26	capital	capital	NOUN
cblr-2952	264	27	chasing	chasing	NOUN
cblr-2952	264	28	acquisitions	acquisition	NOUN
cblr-2952	264	29	has	have	AUX
cblr-2952	264	30	at	at	ADP
cblr-2952	264	31	times	time	NOUN
cblr-2952	264	32	created	create	VERB
cblr-2952	264	33	talk	talk	NOUN
cblr-2952	264	34	of	of	ADP
cblr-2952	264	35	a	a	DET
cblr-2952	264	36	private	private	ADJ
cblr-2952	264	37	equity	equity	NOUN
cblr-2952	264	38	bubble	bubble	NOUN
cblr-2952	264	39	driving	drive	VERB
cblr-2952	264	40	stock	stock	NOUN
cblr-2952	264	41	market	market	NOUN
cblr-2952	264	42	prices	price	NOUN
cblr-2952	264	43	to	to	PART
cblr-2952	264	44	heights	height	NOUN
cblr-2952	264	45	possibly	possibly	ADV
cblr-2952	264	46	divorced	divorce	VERB
cblr-2952	264	47	from	from	ADP
cblr-2952	264	48	their	their	PRON
cblr-2952	264	49	appropriate	appropriate	ADJ
cblr-2952	264	50	valuation	valuation	NOUN
cblr-2952	264	51	.	.	PUNCT
cblr-2952	265	1	6	6	NUM
cblr-2952	265	2	finally	finally	ADV
cblr-2952	265	3	,	,	PUNCT
cblr-2952	265	4	the	the	DET
cblr-2952	265	5	recent	recent	ADJ
cblr-2952	265	6	wave	wave	NOUN
cblr-2952	265	7	of	of	ADP
cblr-2952	265	8	private	private	ADJ
cblr-2952	265	9	equity	equity	NOUN
cblr-2952	265	10	firms	firm	NOUN
cblr-2952	265	11	exercising	exercise	VERB
cblr-2952	265	12	termination	termination	NOUN
cblr-2952	265	13	rights	right	NOUN
cblr-2952	265	14	or	or	CCONJ
cblr-2952	265	15	invoking	invoke	VERB
cblr-2952	265	16	material	material	ADJ
cblr-2952	265	17	adverse	adverse	ADJ
cblr-2952	265	18	change	change	NOUN
cblr-2952	265	19	or	or	CCONJ
cblr-2952	265	20	other	other	ADJ
cblr-2952	265	21	clauses	clause	NOUN
cblr-2952	265	22	in	in	ADP
cblr-2952	265	23	their	their	PRON
cblr-2952	265	24	agreements	agreement	NOUN
cblr-2952	265	25	to	to	PART
cblr-2952	265	26	"	"	PUNCT
cblr-2952	265	27	walk	walk	VERB
cblr-2952	265	28	"	"	PUNCT
cblr-2952	265	29	from	from	ADP
cblr-2952	265	30	transactions	transaction	NOUN
cblr-2952	265	31	has	have	AUX
cblr-2952	265	32	tarnished	tarnish	VERB
cblr-2952	265	33	the	the	DET
cblr-2952	265	34	reputation	reputation	NOUN
cblr-2952	265	35	of	of	ADP
cblr-2952	265	36	this	this	DET
cblr-2952	265	37	industry	industry	NOUN
cblr-2952	265	38	and	and	CCONJ
cblr-2952	265	39	possibly	possibly	ADV
cblr-2952	265	40	made	make	VERB
cblr-2952	265	41	sellers	seller	NOUN
cblr-2952	265	42	more	more	ADV
cblr-2952	265	43	wary	wary	ADJ
cblr-2952	265	44	of	of	ADP
cblr-2952	265	45	entering	enter	VERB
cblr-2952	265	46	into	into	ADP
cblr-2952	265	47	transactions	transaction	NOUN
cblr-2952	265	48	with	with	ADP
cblr-2952	265	49	private	private	ADJ
cblr-2952	265	50	equity	equity	NOUN
cblr-2952	265	51	firms.57	firms.57	PROPN
cblr-2952	265	52	despite	despite	SCONJ
cblr-2952	265	53	these	these	DET
cblr-2952	265	54	issues	issue	NOUN
cblr-2952	265	55	,	,	PUNCT
cblr-2952	265	56	as	as	ADV
cblr-2952	265	57	well	well	ADV
cblr-2952	265	58	as	as	ADP
cblr-2952	265	59	recent	recent	ADJ
cblr-2952	265	60	market	market	NOUN
cblr-2952	265	61	volatility	volatility	NOUN
cblr-2952	265	62	and	and	CCONJ
cblr-2952	265	63	a	a	DET
cblr-2952	265	64	market	market	NOUN
cblr-2952	265	65	-	-	PUNCT
cblr-2952	265	66	wide	wide	ADJ
cblr-2952	265	67	credit	credit	NOUN
cblr-2952	265	68	liquidity	liquidity	NOUN
cblr-2952	265	69	crunch	crunch	NOUN
cblr-2952	265	70	which	which	PRON
cblr-2952	265	71	have	have	AUX
cblr-2952	265	72	diminished	diminish	VERB
cblr-2952	265	73	private	private	ADJ
cblr-2952	265	74	equity	equity	NOUN
cblr-2952	265	75	activity	activity	NOUN
cblr-2952	265	76	,	,	PUNCT
cblr-2952	265	77	there	there	PRON
cblr-2952	265	78	is	be	VERB
cblr-2952	265	79	no	no	DET
cblr-2952	265	80	doubt	doubt	NOUN
cblr-2952	265	81	that	that	SCONJ
cblr-2952	265	82	private	private	ADJ
cblr-2952	265	83	equity	equity	NOUN
cblr-2952	265	84	will	will	AUX
cblr-2952	265	85	likely	likely	ADV
cblr-2952	265	86	remain	remain	VERB
cblr-2952	265	87	an	an	DET
cblr-2952	265	88	important	important	ADJ
cblr-2952	265	89	driver	driver	NOUN
cblr-2952	265	90	in	in	ADP
cblr-2952	265	91	our	our	PRON
cblr-2952	265	92	capital	capital	NOUN
cblr-2952	265	93	markets	market	NOUN
cblr-2952	265	94	,	,	PUNCT
cblr-2952	265	95	attracting	attract	VERB
cblr-2952	265	96	widespread	widespread	ADJ
cblr-2952	265	97	attention	attention	NOUN
cblr-2952	265	98	and	and	CCONJ
cblr-2952	265	99	providing	provide	VERB
cblr-2952	265	100	investors	investor	NOUN
cblr-2952	265	101	unique	unique	ADJ
cblr-2952	265	102	and	and	CCONJ
cblr-2952	265	103	desired	desire	VERB
cblr-2952	265	104	historical	historical	ADJ
cblr-2952	265	105	benefits	benefit	NOUN
cblr-2952	265	106	,	,	PUNCT
cblr-2952	265	107	particularly	particularly	ADV
cblr-2952	265	108	the	the	DET
cblr-2952	265	109	opportunity	opportunity	NOUN
cblr-2952	265	110	for	for	SCONJ
cblr-2952	265	111	investors	investor	NOUN
cblr-2952	265	112	to	to	PART
cblr-2952	265	113	yield	yield	VERB
cblr-2952	265	114	excess	excess	ADJ
cblr-2952	265	115	returns	return	NOUN
cblr-2952	265	116	.	.	PUNCT
cblr-2952	266	1	b.	b.	PROPN
cblr-2952	266	2	hedge	hedge	PROPN
cblr-2952	266	3	funds	funds	PROPN
cblr-2952	266	4	hedge	hedge	NOUN
cblr-2952	266	5	funds	fund	NOUN
cblr-2952	266	6	differ	differ	VERB
cblr-2952	266	7	from	from	ADP
cblr-2952	266	8	private	private	ADJ
cblr-2952	266	9	equity	equity	NOUN
cblr-2952	266	10	in	in	ADP
cblr-2952	266	11	that	that	DET
cblr-2952	266	12	hedge	hedge	NOUN
cblr-2952	266	13	funds	fund	NOUN
cblr-2952	266	14	implement	implement	VERB
cblr-2952	266	15	investment	investment	NOUN
cblr-2952	266	16	strategies	strategy	NOUN
cblr-2952	266	17	while	while	SCONJ
cblr-2952	266	18	private	private	ADJ
cblr-2952	266	19	equity	equity	NOUN
cblr-2952	266	20	is	be	AUX
cblr-2952	266	21	an	an	DET
cblr-2952	266	22	asset	asset	NOUN
cblr-2952	266	23	class	class	NOUN
cblr-2952	266	24	unto	unto	ADP
cblr-2952	266	25	itself	itself	PRON
cblr-2952	266	26	.	.	PUNCT
cblr-2952	267	1	the	the	DET
cblr-2952	267	2	term	term	NOUN
cblr-2952	267	3	hedge	hedge	NOUN
cblr-2952	267	4	fund	fund	NOUN
cblr-2952	267	5	can	can	AUX
cblr-2952	267	6	be	be	AUX
cblr-2952	267	7	"	"	PUNCT
cblr-2952	267	8	'	'	PUNCT
cblr-2952	267	9	see	see	VERB
cblr-2952	267	10	richard	richard	PROPN
cblr-2952	267	11	lieb	lieb	PROPN
cblr-2952	267	12	&	&	CCONJ
cblr-2952	267	13	robert	robert	PROPN
cblr-2952	267	14	feinstein	feinstein	PROPN
cblr-2952	267	15	,	,	PUNCT
cblr-2952	267	16	lbo	lbo	PROPN
cblr-2952	267	17	litigation	litigation	PROPN
cblr-2952	267	18	,	,	PUNCT
cblr-2952	267	19	financial	financial	ADJ
cblr-2952	267	20	projections	projection	NOUN
cblr-2952	267	21	and	and	CCONJ
cblr-2952	267	22	the	the	DET
cblr-2952	267	23	chapter	chapter	NOUN
cblr-2952	267	24	11	11	NUM
cblr-2952	267	25	process	process	NOUN
cblr-2952	267	26	,	,	PUNCT
cblr-2952	267	27	21	21	NUM
cblr-2952	267	28	seton	seton	PROPN
cblr-2952	267	29	hall	hall	PROPN
cblr-2952	267	30	l.	l.	PROPN
cblr-2952	267	31	rev	rev	PROPN
cblr-2952	267	32	.	.	PROPN
cblr-2952	267	33	598	598	NUM
cblr-2952	267	34	,	,	PUNCT
cblr-2952	267	35	601	601	NUM
cblr-2952	267	36	(	(	PUNCT
cblr-2952	267	37	1991	1991	NUM
cblr-2952	267	38	)	)	PUNCT
cblr-2952	267	39	.	.	PUNCT
cblr-2952	268	1	"	"	PUNCT
cblr-2952	268	2	see	see	VERB
cblr-2952	268	3	hedge	hedge	NOUN
cblr-2952	268	4	funds	fund	NOUN
cblr-2952	268	5	before	before	ADP
cblr-2952	268	6	the	the	DET
cblr-2952	268	7	h.	h.	PROPN
cblr-2952	268	8	comm	comm	NOUN
cblr-2952	268	9	.	.	PUNCT
cblr-2952	269	1	on	on	ADP
cblr-2952	269	2	finance	finance	NOUN
cblr-2952	269	3	(	(	PUNCT
cblr-2952	269	4	july	july	PROPN
cblr-2952	269	5	11	11	NUM
cblr-2952	269	6	,	,	PUNCT
cblr-2952	269	7	2007	2007	NUM
cblr-2952	269	8	)	)	PUNCT
cblr-2952	269	9	(	(	PUNCT
cblr-2952	269	10	statement	statement	NOUN
cblr-2952	269	11	of	of	ADP
cblr-2952	269	12	governor	governor	PROPN
cblr-2952	269	13	kevin	kevin	PROPN
cblr-2952	269	14	warsh	warsh	PROPN
cblr-2952	269	15	)	)	PUNCT
cblr-2952	269	16	,	,	PUNCT
cblr-2952	269	17	available	available	ADJ
cblr-2952	269	18	at	at	ADP
cblr-2952	269	19	http://www.federalreserve.govboarddocs/testimony/2007/20070711/default	http://www.federalreserve.govboarddocs/testimony/2007/20070711/default	NOUN
cblr-2952	269	20	.htm	.htm	PUNCT
cblr-2952	269	21	.	.	PUNCT
cblr-2952	269	22	'	'	PUNCT
cblr-2952	270	1	see	see	VERB
cblr-2952	270	2	,	,	PUNCT
cblr-2952	270	3	e.g.	e.g.	ADV
cblr-2952	270	4	,	,	PUNCT
cblr-2952	270	5	andrew	andrew	PROPN
cblr-2952	270	6	r.	r.	PROPN
cblr-2952	270	7	sorkin	sorkin	PROPN
cblr-2952	270	8	,	,	PUNCT
cblr-2952	270	9	the	the	DET
cblr-2952	270	10	great	great	ADJ
cblr-2952	270	11	global	global	ADJ
cblr-2952	270	12	buyout	buyout	NOUN
cblr-2952	270	13	bubble	bubble	NOUN
cblr-2952	270	14	,	,	PUNCT
cblr-2952	270	15	n.y	n.y	PROPN
cblr-2952	270	16	.	.	PROPN
cblr-2952	270	17	times	times	PROPN
cblr-2952	270	18	,	,	PUNCT
cblr-2952	270	19	nov	nov	PROPN
cblr-2952	270	20	.	.	PROPN
cblr-2952	270	21	13	13	NUM
cblr-2952	270	22	,	,	PUNCT
cblr-2952	270	23	2005	2005	NUM
cblr-2952	270	24	,	,	PUNCT
cblr-2952	270	25	at	at	ADP
cblr-2952	270	26	c1	c1	PROPN
cblr-2952	270	27	(	(	PUNCT
cblr-2952	270	28	reporting	report	VERB
cblr-2952	270	29	on	on	ADP
cblr-2952	270	30	the	the	DET
cblr-2952	270	31	question	question	NOUN
cblr-2952	270	32	of	of	ADP
cblr-2952	270	33	whether	whether	SCONJ
cblr-2952	270	34	a	a	DET
cblr-2952	270	35	"	"	PUNCT
cblr-2952	270	36	bubble	bubble	NOUN
cblr-2952	270	37	in	in	ADP
cblr-2952	270	38	private	private	ADJ
cblr-2952	270	39	equity	equity	NOUN
cblr-2952	270	40	industry	industry	NOUN
cblr-2952	270	41	is	be	AUX
cblr-2952	270	42	about	about	ADJ
cblr-2952	270	43	to	to	PART
cblr-2952	270	44	bust	bust	VERB
cblr-2952	270	45	"	"	PUNCT
cblr-2952	270	46	)	)	PUNCT
cblr-2952	270	47	.	.	PUNCT
cblr-2952	271	1	17	17	NUM
cblr-2952	271	2	see	see	VERB
cblr-2952	271	3	andrew	andrew	PROPN
cblr-2952	271	4	r.	r.	PROPN
cblr-2952	271	5	sorkin	sorkin	PROPN
cblr-2952	271	6	,	,	PUNCT
cblr-2952	271	7	if	if	SCONJ
cblr-2952	271	8	buyout	buyout	NOUN
cblr-2952	271	9	firms	firm	NOUN
cblr-2952	271	10	are	be	AUX
cblr-2952	271	11	so	so	ADV
cblr-2952	271	12	smart	smart	ADJ
cblr-2952	271	13	,	,	PUNCT
cblr-2952	271	14	why	why	SCONJ
cblr-2952	271	15	are	be	AUX
cblr-2952	271	16	they	they	PRON
cblr-2952	271	17	so	so	ADV
cblr-2952	271	18	wrong	wrong	ADJ
cblr-2952	271	19	?	?	PUNCT
cblr-2952	271	20	,	,	PUNCT
cblr-2952	271	21	n.y	n.y	PROPN
cblr-2952	271	22	.	.	PROPN
cblr-2952	271	23	times	times	PROPN
cblr-2952	271	24	,	,	PUNCT
cblr-2952	271	25	nov	nov	PROPN
cblr-2952	271	26	.	.	PROPN
cblr-2952	271	27	18	18	NUM
cblr-2952	271	28	,	,	PUNCT
cblr-2952	271	29	2007	2007	NUM
cblr-2952	271	30	,	,	PUNCT
cblr-2952	271	31	at	at	ADP
cblr-2952	271	32	c1	c1	PROPN
cblr-2952	271	33	(	(	PUNCT
cblr-2952	271	34	"	"	PUNCT
cblr-2952	271	35	private	private	ADJ
cblr-2952	271	36	equity	equity	NOUN
cblr-2952	271	37	firms	firm	NOUN
cblr-2952	271	38	have	have	AUX
cblr-2952	271	39	recently	recently	ADV
cblr-2952	271	40	been	be	AUX
cblr-2952	271	41	reneging	renege	VERB
cblr-2952	271	42	on	on	ADP
cblr-2952	271	43	their	their	PRON
cblr-2952	271	44	billion	billion	NUM
cblr-2952	271	45	-	-	PUNCT
cblr-2952	271	46	dollar	dollar	NOUN
cblr-2952	271	47	buyouts	buyout	NOUN
cblr-2952	271	48	as	as	SCONJ
cblr-2952	271	49	if	if	SCONJ
cblr-2952	271	50	the	the	DET
cblr-2952	271	51	deals	deal	NOUN
cblr-2952	271	52	came	come	VERB
cblr-2952	271	53	with	with	ADP
cblr-2952	271	54	a	a	DET
cblr-2952	271	55	30	30	NUM
cblr-2952	271	56	-	-	PUNCT
cblr-2952	271	57	day	day	NOUN
cblr-2952	271	58	money	money	NOUN
cblr-2952	271	59	-	-	PUNCT
cblr-2952	271	60	back	back	NOUN
cblr-2952	271	61	guarantee	guarantee	NOUN
cblr-2952	271	62	.	.	PUNCT
cblr-2952	271	63	"	"	PUNCT
cblr-2952	271	64	)	)	PUNCT
cblr-2952	271	65	.	.	PUNCT
cblr-2952	272	1	no	no	INTJ
cblr-2952	272	2	.	.	PUNCT
cblr-2952	273	1	1:172	1:172	NUM
cblr-2952	273	2	]	]	X
cblr-2952	273	3	black	black	ADJ
cblr-2952	273	4	market	market	NOUN
cblr-2952	273	5	capital	capital	NOUN
cblr-2952	273	6	traced	trace	VERB
cblr-2952	273	7	to	to	ADP
cblr-2952	273	8	a	a	DET
cblr-2952	273	9	1949	1949	NUM
cblr-2952	273	10	fund	fund	NOUN
cblr-2952	273	11	founded	found	VERB
cblr-2952	273	12	by	by	ADP
cblr-2952	273	13	alfred	alfred	PROPN
cblr-2952	273	14	winslow	winslow	PROPN
cblr-2952	273	15	jones	jones	PROPN
cblr-2952	273	16	dedicated	dedicate	VERB
cblr-2952	273	17	to	to	ADP
cblr-2952	273	18	selling	sell	VERB
cblr-2952	273	19	stock	stock	NOUN
cblr-2952	273	20	simultaneously	simultaneously	ADV
cblr-2952	273	21	short	short	ADJ
cblr-2952	273	22	and	and	CCONJ
cblr-2952	273	23	long	long	ADJ
cblr-2952	273	24	to	to	PART
cblr-2952	273	25	hedge	hedge	VERB
cblr-2952	273	26	risk	risk	NOUN
cblr-2952	273	27	;	;	PUNCT
cblr-2952	273	28	the	the	DET
cblr-2952	273	29	term	term	NOUN
cblr-2952	273	30	"	"	PUNCT
cblr-2952	273	31	hedge	hedge	NOUN
cblr-2952	273	32	fund	fund	NOUN
cblr-2952	273	33	"	"	PUNCT
cblr-2952	273	34	was	be	AUX
cblr-2952	273	35	naturally	naturally	ADV
cblr-2952	273	36	applied	apply	VERB
cblr-2952	273	37	to	to	PART
cblr-2952	273	38	describe	describe	VERB
cblr-2952	273	39	it.58	it.58	NOUN
cblr-2952	273	40	today	today	NOUN
cblr-2952	273	41	,	,	PUNCT
cblr-2952	273	42	although	although	SCONJ
cblr-2952	273	43	there	there	PRON
cblr-2952	273	44	is	be	VERB
cblr-2952	273	45	no	no	DET
cblr-2952	273	46	agreed	agree	VERB
cblr-2952	273	47	singular	singular	ADJ
cblr-2952	273	48	definition	definition	NOUN
cblr-2952	273	49	for	for	ADP
cblr-2952	273	50	hedge	hedge	NOUN
cblr-2952	273	51	fund	fund	NOUN
cblr-2952	273	52	,	,	PUNCT
cblr-2952	273	53	the	the	DET
cblr-2952	273	54	term	term	NOUN
cblr-2952	273	55	is	be	AUX
cblr-2952	273	56	used	use	VERB
cblr-2952	273	57	to	to	PART
cblr-2952	273	58	refer	refer	VERB
cblr-2952	273	59	to	to	ADP
cblr-2952	273	60	a	a	DET
cblr-2952	273	61	much	much	ADV
cblr-2952	273	62	broader	broad	ADJ
cblr-2952	273	63	array	array	NOUN
cblr-2952	273	64	of	of	ADP
cblr-2952	273	65	investment	investment	NOUN
cblr-2952	273	66	strategies	strategy	NOUN
cblr-2952	273	67	than	than	ADP
cblr-2952	273	68	the	the	DET
cblr-2952	273	69	singular	singular	ADJ
cblr-2952	273	70	one	one	NUM
cblr-2952	273	71	employed	employ	VERB
cblr-2952	273	72	by	by	ADP
cblr-2952	273	73	winslow	winslow	PROPN
cblr-2952	273	74	jones	jones	PROPN
cblr-2952	273	75	.	.	PUNCT
cblr-2952	274	1	in	in	ADP
cblr-2952	274	2	its	its	PRON
cblr-2952	274	3	broadest	broad	ADJ
cblr-2952	274	4	sense	sense	NOUN
cblr-2952	274	5	the	the	DET
cblr-2952	274	6	term	term	NOUN
cblr-2952	274	7	now	now	ADV
cblr-2952	274	8	refers	refer	VERB
cblr-2952	274	9	to	to	ADP
cblr-2952	274	10	actively	actively	ADV
cblr-2952	274	11	managed	manage	VERB
cblr-2952	274	12	investment	investment	NOUN
cblr-2952	274	13	pools	pool	NOUN
cblr-2952	274	14	which	which	PRON
cblr-2952	274	15	invest	invest	VERB
cblr-2952	274	16	in	in	ADP
cblr-2952	274	17	market	market	NOUN
cblr-2952	274	18	opportunities	opportunity	NOUN
cblr-2952	274	19	to	to	PART
cblr-2952	274	20	produce	produce	VERB
cblr-2952	274	21	risk	risk	NOUN
cblr-2952	274	22	-	-	PUNCT
cblr-2952	274	23	adjusted	adjust	VERB
cblr-2952	274	24	positive	positive	ADJ
cblr-2952	274	25	returns.5	returns.5	NOUN
cblr-2952	274	26	9	9	NUM
cblr-2952	274	27	while	while	SCONJ
cblr-2952	274	28	the	the	DET
cblr-2952	274	29	term	term	NOUN
cblr-2952	274	30	hedge	hedge	NOUN
cblr-2952	274	31	fund	fund	NOUN
cblr-2952	274	32	is	be	AUX
cblr-2952	274	33	dated	date	VERB
cblr-2952	274	34	to	to	ADP
cblr-2952	274	35	a	a	DET
cblr-2952	274	36	1949	1949	NUM
cblr-2952	274	37	fund	fund	NOUN
cblr-2952	274	38	,	,	PUNCT
cblr-2952	274	39	hedge	hedge	NOUN
cblr-2952	274	40	funds	fund	NOUN
cblr-2952	274	41	have	have	AUX
cblr-2952	274	42	existed	exist	VERB
cblr-2952	274	43	in	in	ADP
cblr-2952	274	44	some	some	DET
cblr-2952	274	45	form	form	NOUN
cblr-2952	274	46	since	since	SCONJ
cblr-2952	274	47	the	the	DET
cblr-2952	274	48	eighteenth	eighteenth	ADJ
cblr-2952	274	49	century	century	NOUN
cblr-2952	274	50	origins	origin	NOUN
cblr-2952	274	51	of	of	ADP
cblr-2952	274	52	the	the	DET
cblr-2952	274	53	u.s	u.s	PROPN
cblr-2952	274	54	.	.	PROPN
cblr-2952	274	55	capital	capital	NOUN
cblr-2952	274	56	market	market	NOUN
cblr-2952	274	57	itself	itself	PRON
cblr-2952	274	58	.	.	PUNCT
cblr-2952	275	1	°	°	PRON
cblr-2952	276	1	like	like	ADP
cblr-2952	276	2	private	private	ADJ
cblr-2952	276	3	equity	equity	NOUN
cblr-2952	276	4	,	,	PUNCT
cblr-2952	276	5	hedge	hedge	NOUN
cblr-2952	276	6	funds	fund	NOUN
cblr-2952	276	7	have	have	AUX
cblr-2952	276	8	only	only	ADV
cblr-2952	276	9	recently	recently	ADV
cblr-2952	276	10	achieved	achieve	VERB
cblr-2952	276	11	prominence	prominence	NOUN
cblr-2952	276	12	.	.	PUNCT
cblr-2952	277	1	the	the	DET
cblr-2952	277	2	modern	modern	ADJ
cblr-2952	277	3	-	-	PUNCT
cblr-2952	277	4	day	day	NOUN
cblr-2952	277	5	emergence	emergence	NOUN
cblr-2952	277	6	of	of	ADP
cblr-2952	277	7	hedge	hedge	NOUN
cblr-2952	277	8	funds	fund	NOUN
cblr-2952	277	9	can	can	AUX
cblr-2952	277	10	be	be	AUX
cblr-2952	277	11	attributed	attribute	VERB
cblr-2952	277	12	to	to	ADP
cblr-2952	277	13	a	a	DET
cblr-2952	277	14	1986	1986	NUM
cblr-2952	277	15	article	article	NOUN
cblr-2952	277	16	in	in	ADP
cblr-2952	277	17	institutional	institutional	ADJ
cblr-2952	277	18	investor	investor	NOUN
cblr-2952	277	19	highlighting	highlight	VERB
cblr-2952	277	20	the	the	DET
cblr-2952	277	21	extraordinary	extraordinary	ADJ
cblr-2952	277	22	returns	return	NOUN
cblr-2952	277	23	of	of	ADP
cblr-2952	277	24	the	the	DET
cblr-2952	277	25	tiger	tiger	NOUN
cblr-2952	277	26	fund	fund	NOUN
cblr-2952	277	27	.	.	PUNCT
cblr-2952	278	1	"	"	PUNCT
cblr-2952	278	2	'	'	PUNCT
cblr-2952	278	3	the	the	DET
cblr-2952	278	4	article	article	NOUN
cblr-2952	278	5	spurred	spur	VERB
cblr-2952	278	6	investor	investor	NOUN
cblr-2952	278	7	interest	interest	NOUN
cblr-2952	278	8	and	and	CCONJ
cblr-2952	278	9	financing	financing	NOUN
cblr-2952	278	10	;	;	PUNCT
cblr-2952	278	11	since	since	SCONJ
cblr-2952	278	12	that	that	DET
cblr-2952	278	13	time	time	NOUN
cblr-2952	278	14	hedge	hedge	NOUN
cblr-2952	278	15	funds	fund	NOUN
cblr-2952	278	16	have	have	AUX
cblr-2952	278	17	increasingly	increasingly	ADV
cblr-2952	278	18	attracted	attract	VERB
cblr-2952	278	19	investment	investment	NOUN
cblr-2952	278	20	and	and	CCONJ
cblr-2952	278	21	human	human	ADJ
cblr-2952	278	22	capital	capital	NOUN
cblr-2952	278	23	.	.	PUNCT
cblr-2952	279	1	the	the	DET
cblr-2952	279	2	following	follow	VERB
cblr-2952	279	3	chart	chart	NOUN
cblr-2952	279	4	sets	set	VERB
cblr-2952	279	5	forth	forth	ADP
cblr-2952	279	6	the	the	DET
cblr-2952	279	7	aggregate	aggregate	ADJ
cblr-2952	279	8	capital	capital	NOUN
cblr-2952	279	9	invested	invest	VERB
cblr-2952	279	10	in	in	ADP
cblr-2952	279	11	,	,	PUNCT
cblr-2952	279	12	and	and	CCONJ
cblr-2952	279	13	new	new	ADJ
cblr-2952	279	14	capital	capital	NOUN
cblr-2952	279	15	raised	raise	VERB
cblr-2952	279	16	by	by	ADP
cblr-2952	279	17	,	,	PUNCT
cblr-2952	279	18	hedge	hedge	NOUN
cblr-2952	279	19	funds	fund	NOUN
cblr-2952	279	20	in	in	ADP
cblr-2952	279	21	the	the	DET
cblr-2952	279	22	period	period	NOUN
cblr-2952	279	23	1990	1990	NUM
cblr-2952	279	24	through	through	ADP
cblr-2952	279	25	2006	2006	NUM
cblr-2952	279	26	:	:	PUNCT
cblr-2952	279	27	5	5	NUM
cblr-2952	279	28	see	see	VERB
cblr-2952	279	29	carol	carol	PROPN
cblr-2952	279	30	loomis	loomis	PROPN
cblr-2952	279	31	,	,	PUNCT
cblr-2952	279	32	the	the	DET
cblr-2952	279	33	jones	jones	PROPN
cblr-2952	279	34	nobody	nobody	PRON
cblr-2952	279	35	keeps	keep	VERB
cblr-2952	279	36	up	up	ADP
cblr-2952	279	37	with	with	ADP
cblr-2952	279	38	,	,	PUNCT
cblr-2952	279	39	fortune	fortune	NOUN
cblr-2952	279	40	,	,	PUNCT
cblr-2952	279	41	apr	apr	PROPN
cblr-2952	279	42	.	.	PROPN
cblr-2952	279	43	1966	1966	NUM
cblr-2952	279	44	,	,	PUNCT
cblr-2952	279	45	at	at	ADP
cblr-2952	279	46	237	237	NUM
cblr-2952	279	47	-	-	SYM
cblr-2952	279	48	47	47	NUM
cblr-2952	279	49	.	.	PUNCT
cblr-2952	280	1	59	59	NUM
cblr-2952	280	2	see	see	VERB
cblr-2952	280	3	robert	robert	PROPN
cblr-2952	280	4	a.	a.	PROPN
cblr-2952	280	5	jaeger	jaeger	PROPN
cblr-2952	280	6	,	,	PUNCT
cblr-2952	280	7	all	all	PRON
cblr-2952	280	8	about	about	ADP
cblr-2952	280	9	hedge	hedge	NOUN
cblr-2952	280	10	funds	fund	NOUN
cblr-2952	280	11	,	,	PUNCT
cblr-2952	280	12	1	1	NUM
cblr-2952	280	13	-	-	SYM
cblr-2952	280	14	4	4	NUM
cblr-2952	280	15	(	(	PUNCT
cblr-2952	280	16	mcgraw	mcgraw	NOUN
cblr-2952	280	17	-	-	PUNCT
cblr-2952	280	18	hill	hill	NOUN
cblr-2952	280	19	2003	2003	NUM
cblr-2952	280	20	)	)	PUNCT
cblr-2952	280	21	.	.	PUNCT
cblr-2952	281	1	for	for	ADP
cblr-2952	281	2	a	a	DET
cblr-2952	281	3	number	number	NOUN
cblr-2952	281	4	of	of	ADP
cblr-2952	281	5	other	other	ADJ
cblr-2952	281	6	definitions	definition	NOUN
cblr-2952	281	7	of	of	ADP
cblr-2952	281	8	hedge	hedge	NOUN
cblr-2952	281	9	fund	fund	NOUN
cblr-2952	281	10	,	,	PUNCT
cblr-2952	281	11	regulatory	regulatory	ADJ
cblr-2952	281	12	and	and	CCONJ
cblr-2952	281	13	otherwise	otherwise	ADV
cblr-2952	281	14	,	,	PUNCT
cblr-2952	281	15	see	see	VERB
cblr-2952	281	16	comments	comment	NOUN
cblr-2952	281	17	submitted	submit	VERB
cblr-2952	281	18	by	by	ADP
cblr-2952	281	19	david	david	PROPN
cblr-2952	281	20	a.	a.	PROPN
cblr-2952	281	21	vaughan	vaughan	PROPN
cblr-2952	281	22	for	for	ADP
cblr-2952	281	23	the	the	DET
cblr-2952	281	24	u.s	u.s	PROPN
cblr-2952	281	25	.	.	PROPN
cblr-2952	281	26	securities	securities	PROPN
cblr-2952	281	27	and	and	CCONJ
cblr-2952	281	28	exchange	exchange	PROPN
cblr-2952	281	29	commission	commission	PROPN
cblr-2952	281	30	roundtable	roundtable	ADJ
cblr-2952	281	31	on	on	ADP
cblr-2952	281	32	hedge	hedge	NOUN
cblr-2952	281	33	funds	fund	NOUN
cblr-2952	281	34	(	(	PUNCT
cblr-2952	281	35	may	may	PROPN
cblr-2952	281	36	1415	1415	NUM
cblr-2952	281	37	,	,	PUNCT
cblr-2952	281	38	2003	2003	NUM
cblr-2952	281	39	)	)	PUNCT
cblr-2952	281	40	,	,	PUNCT
cblr-2952	281	41	available	available	ADJ
cblr-2952	281	42	at	at	ADP
cblr-2952	281	43	http://www.sec.gov/spotlight/hedgefunds/hedgevaughn.htm	http://www.sec.gov/spotlight/hedgefunds/hedgevaughn.htm	PROPN
cblr-2952	281	44	.	.	PROPN
cblr-2952	281	45	0	0	PUNCT
cblr-2952	282	1	indeed	indeed	ADV
cblr-2952	282	2	many	many	ADJ
cblr-2952	282	3	of	of	ADP
cblr-2952	282	4	the	the	DET
cblr-2952	282	5	funds	fund	NOUN
cblr-2952	282	6	existent	existent	ADJ
cblr-2952	282	7	in	in	ADP
cblr-2952	282	8	the	the	DET
cblr-2952	282	9	1920s	1920s	NUM
cblr-2952	282	10	,	,	PUNCT
cblr-2952	282	11	the	the	DET
cblr-2952	282	12	failure	failure	NOUN
cblr-2952	282	13	of	of	ADP
cblr-2952	282	14	which	which	PRON
cblr-2952	282	15	were	be	AUX
cblr-2952	282	16	the	the	DET
cblr-2952	282	17	impetus	impetus	NOUN
cblr-2952	282	18	for	for	ADP
cblr-2952	282	19	the	the	DET
cblr-2952	282	20	investment	investment	NOUN
cblr-2952	282	21	company	company	NOUN
cblr-2952	282	22	act	act	NOUN
cblr-2952	282	23	,	,	PUNCT
cblr-2952	282	24	adopted	adopt	VERB
cblr-2952	282	25	investing	investing	NOUN
cblr-2952	282	26	practices	practice	NOUN
cblr-2952	282	27	associated	associate	VERB
cblr-2952	282	28	with	with	ADP
cblr-2952	282	29	those	those	PRON
cblr-2952	282	30	employed	employ	VERB
cblr-2952	282	31	by	by	ADP
cblr-2952	282	32	today	today	NOUN
cblr-2952	282	33	's	's	PART
cblr-2952	282	34	hedge	hedge	NOUN
cblr-2952	282	35	funds	fund	NOUN
cblr-2952	282	36	.	.	PUNCT
cblr-2952	283	1	see	see	VERB
cblr-2952	283	2	hugh	hugh	PROPN
cblr-2952	283	3	bullock	bullock	PROPN
cblr-2952	283	4	,	,	PUNCT
cblr-2952	283	5	the	the	DET
cblr-2952	283	6	story	story	NOUN
cblr-2952	283	7	of	of	ADP
cblr-2952	283	8	investment	investment	NOUN
cblr-2952	283	9	companies	company	NOUN
cblr-2952	283	10	,	,	PUNCT
cblr-2952	283	11	14	14	NUM
cblr-2952	283	12	-	-	SYM
cblr-2952	283	13	42	42	NUM
cblr-2952	283	14	(	(	PUNCT
cblr-2952	283	15	columbia	columbia	PROPN
cblr-2952	283	16	univ	univ	PROPN
cblr-2952	283	17	.	.	PUNCT
cblr-2952	284	1	press	press	PROPN
cblr-2952	284	2	1959	1959	NUM
cblr-2952	284	3	)	)	PUNCT
cblr-2952	284	4	.	.	PUNCT
cblr-2952	285	1	61	61	NUM
cblr-2952	285	2	julie	julie	PROPN
cblr-2952	285	3	rohrer	rohrer	PROPN
cblr-2952	285	4	,	,	PUNCT
cblr-2952	285	5	the	the	DET
cblr-2952	285	6	red	red	ADJ
cblr-2952	285	7	-	-	PUNCT
cblr-2952	285	8	hot	hot	ADJ
cblr-2952	285	9	world	world	NOUN
cblr-2952	285	10	of	of	ADP
cblr-2952	285	11	julian	julian	PROPN
cblr-2952	285	12	robertson	robertson	PROPN
cblr-2952	285	13	,	,	PUNCT
cblr-2952	285	14	inst	inst	PROPN
cblr-2952	285	15	.	.	PUNCT
cblr-2952	286	1	inv	inv	PROPN
cblr-2952	286	2	.	.	PUNCT
cblr-2952	287	1	8692	8692	NUM
cblr-2952	287	2	(	(	PUNCT
cblr-2952	287	3	may	may	PROPN
cblr-2952	287	4	1986	1986	NUM
cblr-2952	287	5	)	)	PUNCT
cblr-2952	287	6	.	.	PUNCT
cblr-2952	288	1	col	col	PROPN
cblr-2952	288	2	umbia	umbia	PROPN
cblr-2952	288	3	b	b	PROPN
cblr-2952	288	4	usiness	usiness	PROPN
cblr-2952	288	5	la	la	PROPN
cblr-2952	288	6	w	w	PROPN
cblr-2952	288	7	re	re	PROPN
cblr-2952	288	8	vie	vie	PROPN
cblr-2952	288	9	w	w	PROPN
cblr-2952	289	1	[	[	X
cblr-2952	289	2	vol	vol	NOUN
cblr-2952	289	3	.	.	NOUN
cblr-2952	289	4	2008	2008	NUM
cblr-2952	289	5	chart	chart	NOUN
cblr-2952	289	6	1c	1c	NUM
cblr-2952	289	7	historical	historical	ADJ
cblr-2952	289	8	hedge	hedge	NOUN
cblr-2952	289	9	fund	fund	NOUN
cblr-2952	289	10	assets	asset	NOUN
cblr-2952	289	11	under	under	ADP
cblr-2952	289	12	management	management	NOUN
cblr-2952	289	13	and	and	CCONJ
cblr-2952	289	14	net	net	ADJ
cblr-2952	289	15	asset	asset	NOUN
cblr-2952	289	16	flows	flow	NOUN
cblr-2952	289	17	(	(	PUNCT
cblr-2952	289	18	$	$	SYM
cblr-2952	289	19	billions	billion	NOUN
cblr-2952	289	20	)	)	PUNCT
cblr-2952	289	21	0	0	NUM
cblr-2952	290	1	net	net	ADJ
cblr-2952	290	2	inflow	inflow	NOUN
cblr-2952	290	3	u	u	PROPN
cblr-2952	290	4	net	net	ADJ
cblr-2952	290	5	inflow	inflow	NOUN
cblr-2952	290	6	$	$	SYM
cblr-2952	290	7	1,500	1,500	NUM
cblr-2952	290	8	.	.	PUNCT
cblr-2952	291	1	$	$	SYM
cblr-2952	291	2	1,250$1,000a	1,250$1,000a	NUM
cblr-2952	291	3	$	$	SYM
cblr-2952	291	4	750	750	NUM
cblr-2952	291	5	$	$	SYM
cblr-2952	291	6	500	500	NUM
cblr-2952	291	7	$	$	SYM
cblr-2952	291	8	250	250	NUM
cblr-2952	291	9	$	$	SYM
cblr-2952	291	10	0	0	NUM
cblr-2952	291	11	.	.	PUNCT
cblr-2952	292	1	o	o	NOUN
cblr-2952	292	2	>	>	X
cblr-2952	292	3	q	q	PUNCT
cblr-2952	292	4	o	o	X
cblr-2952	292	5	te.0	te.0	PROPN
cblr-2952	292	6	ma	ma	PROPN
cblr-2952	292	7	m	m	PROPN
cblr-2952	292	8	0	0	NUM
cblr-2952	292	9	'	'	PUNCT
cblr-2952	293	1	ma	ma	PROPN
cblr-2952	293	2	'	'	PUNCT
cblr-2952	293	3	v	v	ADJ
cblr-2952	293	4	'	'	PUNCT
cblr-2952	293	5	0ma	0ma	ADJ
cblr-2952	293	6	c)m	c)m	NOUN
cblr-2952	293	7	c	c	NOUN
cblr-2952	293	8	,	,	PUNCT
cblr-2952	293	9	c	c	PROPN
cblr-2952	293	10	d	d	X
cblr-2952	293	11	'	'	PUNCT
cblr-2952	293	12	ma	ma	PROPN
cblr-2952	293	13	w	w	PROPN
cblr-2952	293	14	cd	cd	PROPN
cblr-2952	293	15	m	m	PROPN
cblr-2952	293	16	)	)	PUNCT
cblr-2952	293	17	m	m	PROPN
cblr-2952	293	18	)	)	PUNCT
cblr-2952	293	19	ma	ma	PROPN
cblr-2952	293	20	0	0	NUM
cblr-2952	293	21	m	m	PROPN
cblr-2952	293	22	m2	m2	PROPN
cblr-2952	293	23	0	0	NUM
cblr-2952	293	24	0	0	NUM
cblr-2952	293	25	)	)	PUNCT
cblr-2952	294	1	m2	m2	PROPN
cblr-2952	294	2	0q	0q	VERB
cblr-2952	294	3	0	0	NUM
cblr-2952	294	4	0	0	NUM
cblr-2952	294	5	0	0	NUM
cblr-2952	295	1	q	q	NOUN
cblr-2952	295	2	0d	0d	NUM
cblr-2952	295	3	0	0	NUM
cblr-2952	295	4	62	62	NUM
cblr-2952	295	5	source	source	NOUN
cblr-2952	295	6	:	:	PUNCT
cblr-2952	295	7	hfr	hfr	PROPN
cblr-2952	295	8	industry	industry	PROPN
cblr-2952	295	9	reports	report	VERB
cblr-2952	295	10	hfr	hfr	PROPN
cblr-2952	295	11	inc	inc	PROPN
cblr-2952	295	12	.	.	PROPN
cblr-2952	295	13	2007	2007	NUM
cblr-2952	296	1	this	this	DET
cblr-2952	296	2	chart	chart	NOUN
cblr-2952	296	3	reveals	reveal	VERB
cblr-2952	296	4	the	the	DET
cblr-2952	296	5	tremendous	tremendous	ADJ
cblr-2952	296	6	growth	growth	NOUN
cblr-2952	296	7	in	in	ADP
cblr-2952	296	8	hedge	hedge	NOUN
cblr-2952	296	9	fund	fund	NOUN
cblr-2952	296	10	assets	asset	NOUN
cblr-2952	296	11	under	under	ADP
cblr-2952	296	12	management.63	management.63	PROPN
cblr-2952	296	13	this	this	DET
cblr-2952	296	14	growth	growth	NOUN
cblr-2952	296	15	continued	continue	VERB
cblr-2952	296	16	into	into	ADP
cblr-2952	296	17	2007	2007	NUM
cblr-2952	296	18	;	;	PUNCT
cblr-2952	296	19	as	as	ADP
cblr-2952	296	20	of	of	ADP
cblr-2952	296	21	the	the	DET
cblr-2952	296	22	end	end	NOUN
cblr-2952	296	23	of	of	ADP
cblr-2952	296	24	this	this	DET
cblr-2952	296	25	year	year	NOUN
cblr-2952	296	26	hedge	hedge	NOUN
cblr-2952	296	27	funds	fund	NOUN
cblr-2952	296	28	held	hold	VERB
cblr-2952	296	29	an	an	DET
cblr-2952	296	30	estimated	estimate	VERB
cblr-2952	296	31	$	$	SYM
cblr-2952	296	32	2.79	2.79	NUM
cblr-2952	296	33	trillion	trillion	NUM
cblr-2952	296	34	in	in	ADP
cblr-2952	296	35	assets	asset	NOUN
cblr-2952	296	36	.	.	PUNCT
cblr-2952	297	1	64	64	NUM
cblr-2952	297	2	the	the	DET
cblr-2952	297	3	number	number	NOUN
cblr-2952	297	4	of	of	ADP
cblr-2952	297	5	hedge	hedge	NOUN
cblr-2952	297	6	funds	fund	NOUN
cblr-2952	297	7	has	have	AUX
cblr-2952	297	8	increased	increase	VERB
cblr-2952	297	9	exponentially	exponentially	ADV
cblr-2952	297	10	with	with	ADP
cblr-2952	297	11	this	this	DET
cblr-2952	297	12	additional	additional	ADJ
cblr-2952	297	13	capital	capital	NOUN
cblr-2952	297	14	.	.	PUNCT
cblr-2952	298	1	estimates	estimate	NOUN
cblr-2952	298	2	put	put	VERB
cblr-2952	298	3	at	at	ADP
cblr-2952	298	4	9462	9462	NUM
cblr-2952	298	5	the	the	DET
cblr-2952	298	6	number	number	NOUN
cblr-2952	298	7	of	of	ADP
cblr-2952	298	8	hedge	hedge	NOUN
cblr-2952	298	9	funds	fund	NOUN
cblr-2952	298	10	as	as	ADP
cblr-2952	298	11	of	of	ADP
cblr-2952	298	12	the	the	DET
cblr-2952	298	13	year	year	NOUN
cblr-2952	298	14	2006	2006	NUM
cblr-2952	298	15	compared	compare	VERB
cblr-2952	298	16	to	to	ADP
cblr-2952	298	17	an	an	DET
cblr-2952	298	18	estimate	estimate	NOUN
cblr-2952	298	19	of	of	ADP
cblr-2952	298	20	sixty	sixty	NUM
cblr-2952	298	21	-	-	PUNCT
cblr-2952	298	22	eight	eight	NUM
cblr-2952	298	23	active	active	ADJ
cblr-2952	298	24	hedge	hedge	NOUN
cblr-2952	298	25	funds	fund	NOUN
cblr-2952	298	26	in	in	ADP
cblr-2952	298	27	1984.65	1984.65	NUM
cblr-2952	298	28	with	with	ADP
cblr-2952	298	29	their	their	PRON
cblr-2952	298	30	number	number	NOUN
cblr-2952	298	31	,	,	PUNCT
cblr-2952	298	32	size	size	NOUN
cblr-2952	298	33	,	,	PUNCT
cblr-2952	298	34	and	and	CCONJ
cblr-2952	298	35	free	free	ADJ
cblr-2952	298	36	access	access	NOUN
cblr-2952	298	37	to	to	ADP
cblr-2952	298	38	leveraging	leverage	VERB
cblr-2952	298	39	credit	credit	NOUN
cblr-2952	298	40	,	,	PUNCT
cblr-2952	298	41	hedge	hedge	NOUN
cblr-2952	298	42	funds	fund	NOUN
cblr-2952	298	43	have	have	AUX
cblr-2952	298	44	come	come	VERB
cblr-2952	298	45	to	to	PART
cblr-2952	298	46	dominate	dominate	VERB
cblr-2952	298	47	trading	trading	NOUN
cblr-2952	298	48	in	in	ADP
cblr-2952	298	49	the	the	DET
cblr-2952	298	50	u.s	u.s	PROPN
cblr-2952	298	51	.	.	PROPN
cblr-2952	298	52	markets	market	NOUN
cblr-2952	298	53	;	;	PUNCT
cblr-2952	298	54	in	in	ADP
cblr-2952	298	55	2006	2006	NUM
cblr-2952	298	56	these	these	DET
cblr-2952	298	57	investment	investment	NOUN
cblr-2952	298	58	vehicles	vehicle	NOUN
cblr-2952	298	59	accounted	account	VERB
cblr-2952	298	60	for	for	ADP
cblr-2952	298	61	approximately	approximately	ADV
cblr-2952	298	62	twenty	twenty	NUM
cblr-2952	298	63	to	to	PART
cblr-2952	298	64	fifty	fifty	NUM
cblr-2952	298	65	percent	percent	NOUN
cblr-2952	298	66	of	of	ADP
cblr-2952	298	67	the	the	DET
cblr-2952	298	68	liquidity	liquidity	NOUN
cblr-2952	298	69	in	in	ADP
cblr-2952	298	70	equity	equity	NOUN
cblr-2952	298	71	markets	market	NOUN
cblr-2952	298	72	,	,	PUNCT
cblr-2952	298	73	twenty	twenty	NUM
cblr-2952	298	74	-	-	PUNCT
cblr-2952	298	75	five	five	NUM
cblr-2952	298	76	percent	percent	NOUN
cblr-2952	298	77	of	of	ADP
cblr-2952	298	78	the	the	DET
cblr-2952	298	79	trading	trading	NOUN
cblr-2952	298	80	volume	volume	NOUN
cblr-2952	298	81	for	for	ADP
cblr-2952	298	82	below	below	ADP
cblr-2952	298	83	investment	investment	NOUN
cblr-2952	298	84	-	-	PUNCT
cblr-2952	298	85	grade	grade	NOUN
cblr-2952	298	86	debt	debt	NOUN
cblr-2952	298	87	,	,	PUNCT
cblr-2952	298	88	fifty	fifty	NUM
cblr-2952	298	89	-	-	PUNCT
cblr-2952	298	90	eight	eight	NUM
cblr-2952	298	91	percent	percent	NOUN
cblr-2952	298	92	6	6	NUM
cblr-2952	298	93	'	'	PUNCT
cblr-2952	298	94	this	this	DET
cblr-2952	298	95	chart	chart	NOUN
cblr-2952	298	96	was	be	AUX
cblr-2952	298	97	taken	take	VERB
cblr-2952	298	98	from	from	ADP
cblr-2952	298	99	the	the	DET
cblr-2952	298	100	och	och	PROPN
cblr-2952	298	101	-	-	PUNCT
cblr-2952	298	102	ziff	ziff	NOUN
cblr-2952	298	103	capital	capital	PROPN
cblr-2952	298	104	management	management	PROPN
cblr-2952	298	105	group	group	PROPN
cblr-2952	298	106	llc	llc	PROPN
cblr-2952	298	107	,	,	PUNCT
cblr-2952	298	108	registration	registration	NOUN
cblr-2952	298	109	statement	statement	NOUN
cblr-2952	298	110	on	on	ADP
cblr-2952	298	111	form	form	NOUN
cblr-2952	298	112	s-1	s-1	NOUN
cblr-2952	298	113	,	,	PUNCT
cblr-2952	298	114	no.333	no.333	NOUN
cblr-2952	298	115	-	-	SYM
cblr-2952	298	116	144256	144256	NUM
cblr-2952	298	117	,	,	PUNCT
cblr-2952	298	118	at	at	ADP
cblr-2952	298	119	123	123	NUM
cblr-2952	298	120	(	(	PUNCT
cblr-2952	298	121	filed	file	VERB
cblr-2952	298	122	july	july	PROPN
cblr-2952	298	123	2	2	NUM
cblr-2952	298	124	,	,	PUNCT
cblr-2952	298	125	2007	2007	NUM
cblr-2952	298	126	)	)	PUNCT
cblr-2952	299	1	[	[	X
cblr-2952	299	2	hereinafter	hereinafter	NOUN
cblr-2952	299	3	och	och	PROPN
cblr-2952	299	4	-	-	PUNCT
cblr-2952	299	5	ziff	ziff	NOUN
cblr-2952	299	6	registration	registration	NOUN
cblr-2952	299	7	statement	statement	NOUN
cblr-2952	299	8	]	]	PUNCT
cblr-2952	299	9	.	.	PUNCT
cblr-2952	299	10	'	'	PUNCT
cblr-2952	300	1	assets	asset	NOUN
cblr-2952	300	2	under	under	ADP
cblr-2952	300	3	management	management	NOUN
cblr-2952	300	4	in	in	ADP
cblr-2952	300	5	this	this	DET
cblr-2952	300	6	chart	chart	NOUN
cblr-2952	300	7	includes	include	VERB
cblr-2952	300	8	sums	sum	NOUN
cblr-2952	300	9	added	add	VERB
cblr-2952	300	10	through	through	ADP
cblr-2952	300	11	positive	positive	ADJ
cblr-2952	300	12	returns	return	NOUN
cblr-2952	300	13	.	.	PUNCT
cblr-2952	301	1	4	4	NUM
cblr-2952	301	2	see	see	VERB
cblr-2952	301	3	supra	supra	PROPN
cblr-2952	301	4	note	note	PROPN
cblr-2952	301	5	5	5	NUM
cblr-2952	301	6	.	.	SYM
cblr-2952	301	7	65	65	NUM
cblr-2952	301	8	see	see	VERB
cblr-2952	301	9	och	och	PROPN
cblr-2952	301	10	-	-	PUNCT
cblr-2952	301	11	ziff	ziff	NOUN
cblr-2952	301	12	registration	registration	NOUN
cblr-2952	301	13	statement	statement	NOUN
cblr-2952	301	14	,	,	PUNCT
cblr-2952	301	15	supra	supra	PROPN
cblr-2952	301	16	note	note	PROPN
cblr-2952	301	17	62	62	NUM
cblr-2952	301	18	,	,	PUNCT
cblr-2952	301	19	at	at	ADP
cblr-2952	301	20	122	122	NUM
cblr-2952	301	21	(	(	PUNCT
cblr-2952	301	22	citing	cite	VERB
cblr-2952	301	23	hedge	hedge	NOUN
cblr-2952	301	24	fund	fund	PROPN
cblr-2952	301	25	research	research	NOUN
cblr-2952	301	26	,	,	PUNCT
cblr-2952	301	27	available	available	ADJ
cblr-2952	301	28	at	at	ADP
cblr-2952	301	29	http://www.hedgefundresearch.com/	http://www.hedgefundresearch.com/	PROPN
cblr-2952	301	30	)	)	PUNCT
cblr-2952	301	31	;	;	PUNCT
cblr-2952	301	32	see	see	VERB
cblr-2952	301	33	also	also	ADV
cblr-2952	301	34	fran(ois	fran(ois	ADJ
cblr-2952	301	35	-	-	PUNCT
cblr-2952	301	36	serge	serge	NOUN
cblr-2952	301	37	lhabitant	lhabitant	PROPN
cblr-2952	301	38	,	,	PUNCT
cblr-2952	301	39	hedge	hedge	NOUN
cblr-2952	301	40	funds	fund	NOUN
cblr-2952	301	41	:	:	PUNCT
cblr-2952	301	42	myths	myth	NOUN
cblr-2952	301	43	and	and	CCONJ
cblr-2952	301	44	limits	limit	NOUN
cblr-2952	301	45	,	,	PUNCT
cblr-2952	302	1	7-	7-	X
cblr-2952	302	2	.	.	NOUN
cblr-2952	302	3	11	11	NUM
cblr-2952	302	4	(	(	PUNCT
cblr-2952	302	5	john	john	PROPN
cblr-2952	302	6	wiley	wiley	PROPN
cblr-2952	302	7	&	&	CCONJ
cblr-2952	302	8	sons	sons	PROPN
cblr-2952	302	9	ltd	ltd	PROPN
cblr-2952	302	10	.	.	PROPN
cblr-2952	302	11	2002	2002	NUM
cblr-2952	302	12	)	)	PUNCT
cblr-2952	302	13	(	(	PUNCT
cblr-2952	302	14	detailing	detail	VERB
cblr-2952	302	15	the	the	DET
cblr-2952	302	16	history	history	NOUN
cblr-2952	302	17	of	of	ADP
cblr-2952	302	18	hedge	hedge	NOUN
cblr-2952	302	19	funds	fund	NOUN
cblr-2952	302	20	in	in	ADP
cblr-2952	302	21	the	the	DET
cblr-2952	302	22	united	united	PROPN
cblr-2952	302	23	states	states	PROPN
cblr-2952	302	24	)	)	PUNCT
cblr-2952	302	25	.	.	PUNCT
cblr-2952	303	1	no	no	INTJ
cblr-2952	303	2	.	.	PUNCT
cblr-2952	304	1	1:172	1:172	NUM
cblr-2952	304	2	]	]	X
cblr-2952	304	3	black	black	ADJ
cblr-2952	304	4	market	market	NOUN
cblr-2952	304	5	capital	capital	NOUN
cblr-2952	304	6	of	of	ADP
cblr-2952	304	7	the	the	DET
cblr-2952	304	8	trading	trading	NOUN
cblr-2952	304	9	volume	volume	NOUN
cblr-2952	304	10	for	for	ADP
cblr-2952	304	11	credit	credit	NOUN
cblr-2952	304	12	derivatives	derivative	NOUN
cblr-2952	304	13	and	and	CCONJ
cblr-2952	304	14	forty	forty	NUM
cblr-2952	304	15	-	-	PUNCT
cblr-2952	304	16	seven	seven	NUM
cblr-2952	304	17	percent	percent	NOUN
cblr-2952	304	18	of	of	ADP
cblr-2952	304	19	the	the	DET
cblr-2952	304	20	trading	trading	NOUN
cblr-2952	304	21	volume	volume	NOUN
cblr-2952	304	22	for	for	ADP
cblr-2952	304	23	distressed	distressed	ADJ
cblr-2952	304	24	debt.66	debt.66	PROPN
cblr-2952	304	25	moreover	moreover	ADV
cblr-2952	304	26	,	,	PUNCT
cblr-2952	304	27	in	in	ADP
cblr-2952	304	28	their	their	PRON
cblr-2952	304	29	pursuit	pursuit	NOUN
cblr-2952	304	30	of	of	ADP
cblr-2952	304	31	extraordinary	extraordinary	ADJ
cblr-2952	304	32	positive	positive	ADJ
cblr-2952	304	33	returns	return	NOUN
cblr-2952	304	34	,	,	PUNCT
cblr-2952	304	35	hedge	hedge	NOUN
cblr-2952	304	36	funds	fund	NOUN
cblr-2952	304	37	are	be	AUX
cblr-2952	304	38	increasingly	increasingly	ADV
cblr-2952	304	39	adopting	adopt	VERB
cblr-2952	304	40	innovative	innovative	ADJ
cblr-2952	304	41	investment	investment	NOUN
cblr-2952	304	42	strategies	strategy	NOUN
cblr-2952	304	43	,	,	PUNCT
cblr-2952	304	44	including	include	VERB
cblr-2952	304	45	activist	activist	ADJ
cblr-2952	304	46	investor	investor	NOUN
cblr-2952	304	47	positions	position	NOUN
cblr-2952	304	48	in	in	ADP
cblr-2952	304	49	public	public	ADJ
cblr-2952	304	50	companies.6	companies.6	NOUN
cblr-2952	304	51	7	7	NUM
cblr-2952	304	52	this	this	PRON
cblr-2952	304	53	and	and	CCONJ
cblr-2952	304	54	other	other	ADJ
cblr-2952	304	55	hedge	hedge	NOUN
cblr-2952	304	56	fund	fund	NOUN
cblr-2952	304	57	investing	investing	NOUN
cblr-2952	304	58	strategies	strategy	NOUN
cblr-2952	304	59	,	,	PUNCT
cblr-2952	304	60	such	such	ADJ
cblr-2952	304	61	as	as	ADP
cblr-2952	304	62	their	their	PRON
cblr-2952	304	63	widespread	widespread	ADJ
cblr-2952	304	64	involvement	involvement	NOUN
cblr-2952	304	65	in	in	ADP
cblr-2952	304	66	corporate	corporate	ADJ
cblr-2952	304	67	restructurings	restructuring	NOUN
cblr-2952	304	68	,	,	PUNCT
cblr-2952	304	69	are	be	AUX
cblr-2952	304	70	altering	alter	VERB
cblr-2952	304	71	the	the	DET
cblr-2952	304	72	structure	structure	NOUN
cblr-2952	304	73	of	of	ADP
cblr-2952	304	74	our	our	PRON
cblr-2952	304	75	capital	capital	NOUN
cblr-2952	304	76	markets	market	NOUN
cblr-2952	304	77	.	.	PUNCT
cblr-2952	305	1	the	the	DET
cblr-2952	305	2	remarkable	remarkable	ADJ
cblr-2952	305	3	rise	rise	NOUN
cblr-2952	305	4	of	of	ADP
cblr-2952	305	5	hedge	hedge	NOUN
cblr-2952	305	6	funds	fund	NOUN
cblr-2952	305	7	,	,	PUNCT
cblr-2952	305	8	like	like	ADP
cblr-2952	305	9	private	private	ADJ
cblr-2952	305	10	equity	equity	NOUN
cblr-2952	305	11	,	,	PUNCT
cblr-2952	305	12	can	can	AUX
cblr-2952	305	13	be	be	AUX
cblr-2952	305	14	attributed	attribute	VERB
cblr-2952	305	15	to	to	ADP
cblr-2952	305	16	the	the	DET
cblr-2952	305	17	unique	unique	ADJ
cblr-2952	305	18	and	and	CCONJ
cblr-2952	305	19	compelling	compelling	ADJ
cblr-2952	305	20	characteristics	characteristic	NOUN
cblr-2952	305	21	of	of	ADP
cblr-2952	305	22	hedge	hedge	NOUN
cblr-2952	305	23	fund	fund	NOUN
cblr-2952	305	24	investments.68	investments.68	PROPN
cblr-2952	305	25	as	as	ADP
cblr-2952	305	26	in	in	ADP
cblr-2952	305	27	the	the	DET
cblr-2952	305	28	case	case	NOUN
cblr-2952	305	29	of	of	ADP
cblr-2952	305	30	private	private	ADJ
cblr-2952	305	31	equity	equity	NOUN
cblr-2952	305	32	,	,	PUNCT
cblr-2952	305	33	foremost	foremost	ADV
cblr-2952	305	34	is	be	AUX
cblr-2952	305	35	the	the	DET
cblr-2952	305	36	historical	historical	ADJ
cblr-2952	305	37	ability	ability	NOUN
cblr-2952	305	38	of	of	ADP
cblr-2952	305	39	hedge	hedge	NOUN
cblr-2952	305	40	funds	fund	NOUN
cblr-2952	305	41	to	to	PART
cblr-2952	305	42	earn	earn	VERB
cblr-2952	305	43	extraordinary	extraordinary	ADJ
cblr-2952	305	44	returns	return	NOUN
cblr-2952	305	45	.	.	PUNCT
cblr-2952	306	1	measuring	measure	VERB
cblr-2952	306	2	returns	return	NOUN
cblr-2952	306	3	in	in	ADP
cblr-2952	306	4	the	the	DET
cblr-2952	306	5	hedge	hedge	NOUN
cblr-2952	306	6	fund	fund	NOUN
cblr-2952	306	7	universe	universe	NOUN
cblr-2952	306	8	is	be	AUX
cblr-2952	306	9	more	more	ADV
cblr-2952	306	10	difficult	difficult	ADJ
cblr-2952	306	11	than	than	ADP
cblr-2952	306	12	for	for	ADP
cblr-2952	306	13	private	private	ADJ
cblr-2952	306	14	equity	equity	NOUN
cblr-2952	306	15	due	due	ADP
cblr-2952	306	16	to	to	ADP
cblr-2952	306	17	the	the	DET
cblr-2952	306	18	larger	large	ADJ
cblr-2952	306	19	number	number	NOUN
cblr-2952	306	20	of	of	ADP
cblr-2952	306	21	hedge	hedge	NOUN
cblr-2952	306	22	funds	fund	NOUN
cblr-2952	306	23	,	,	PUNCT
cblr-2952	306	24	their	their	PRON
cblr-2952	306	25	diversity	diversity	NOUN
cblr-2952	306	26	of	of	ADP
cblr-2952	306	27	strategy	strategy	NOUN
cblr-2952	306	28	,	,	PUNCT
cblr-2952	306	29	survivorship	survivorship	NOUN
cblr-2952	306	30	,	,	PUNCT
cblr-2952	306	31	backfill	backfill	NOUN
cblr-2952	306	32	,	,	PUNCT
cblr-2952	306	33	and	and	CCONJ
cblr-2952	306	34	liquidation	liquidation	NOUN
cblr-2952	306	35	biases	bias	NOUN
cblr-2952	306	36	,	,	PUNCT
cblr-2952	306	37	and	and	CCONJ
cblr-2952	306	38	inadequacy	inadequacy	NOUN
cblr-2952	306	39	of	of	ADP
cblr-2952	306	40	data	datum	NOUN
cblr-2952	306	41	measurement	measurement	NOUN
cblr-2952	306	42	and	and	CCONJ
cblr-2952	306	43	data	datum	NOUN
cblr-2952	306	44	reporting.69	reporting.69	NOUN
cblr-2952	306	45	studies	study	NOUN
cblr-2952	306	46	,	,	PUNCT
cblr-2952	306	47	66	66	NUM
cblr-2952	306	48	see	see	VERB
cblr-2952	306	49	remarks	remark	NOUN
cblr-2952	306	50	before	before	ADP
cblr-2952	306	51	the	the	DET
cblr-2952	306	52	pli	pli	PROPN
cblr-2952	306	53	hedge	hedge	PROPN
cblr-2952	306	54	fund	fund	PROPN
cblr-2952	306	55	conference	conference	PROPN
cblr-2952	306	56	by	by	ADP
cblr-2952	306	57	commissioner	commissioner	PROPN
cblr-2952	306	58	annette	annette	PROPN
cblr-2952	306	59	l.	l.	PROPN
cblr-2952	306	60	nazareth	nazareth	PROPN
cblr-2952	306	61	,	,	PUNCT
cblr-2952	306	62	u.s	u.s	PROPN
cblr-2952	306	63	.	.	PROPN
cblr-2952	306	64	securities	securities	PROPN
cblr-2952	306	65	and	and	CCONJ
cblr-2952	306	66	exchange	exchange	PROPN
cblr-2952	306	67	commission	commission	PROPN
cblr-2952	306	68	(	(	PUNCT
cblr-2952	306	69	june	june	PROPN
cblr-2952	306	70	6	6	NUM
cblr-2952	306	71	,	,	PUNCT
cblr-2952	306	72	2007	2007	NUM
cblr-2952	306	73	)	)	PUNCT
cblr-2952	306	74	,	,	PUNCT
cblr-2952	306	75	available	available	ADJ
cblr-2952	306	76	at	at	ADP
cblr-2952	306	77	http://www.sec.gov/news/speech/2007/spch	http://www.sec.gov/news/speech/2007/spch	ADJ
cblr-2952	306	78	060607aln.htm	060607aln.htm	NUM
cblr-2952	306	79	;	;	PUNCT
cblr-2952	306	80	christopher	christopher	PROPN
cblr-2952	306	81	o'leary	o'leary	PROPN
cblr-2952	306	82	,	,	PUNCT
cblr-2952	306	83	investors	investor	NOUN
cblr-2952	306	84	:	:	PUNCT
cblr-2952	306	85	hedge	hedge	NOUN
cblr-2952	306	86	funds	fund	NOUN
cblr-2952	306	87	play	play	VERB
cblr-2952	306	88	leading	lead	VERB
cblr-2952	306	89	role	role	NOUN
cblr-2952	306	90	,	,	PUNCT
cblr-2952	306	91	high	high	ADJ
cblr-2952	306	92	yield	yield	NOUN
cblr-2952	306	93	rep	rep	PROPN
cblr-2952	306	94	.	.	PROPN
cblr-2952	306	95	,	,	PUNCT
cblr-2952	306	96	oct	oct	PROPN
cblr-2952	306	97	.	.	PROPN
cblr-2952	306	98	2	2	NUM
cblr-2952	306	99	,	,	PUNCT
cblr-2952	306	100	2006	2006	NUM
cblr-2952	306	101	;	;	PUNCT
cblr-2952	306	102	see	see	VERB
cblr-2952	306	103	generally	generally	ADV
cblr-2952	306	104	parkinson	parkinson	NOUN
cblr-2952	306	105	testimony	testimony	NOUN
cblr-2952	306	106	,	,	PUNCT
cblr-2952	306	107	supra	supra	PROPN
cblr-2952	306	108	note	note	NOUN
cblr-2952	306	109	11	11	NUM
cblr-2952	306	110	(	(	PUNCT
cblr-2952	306	111	recounting	recount	VERB
cblr-2952	306	112	several	several	ADJ
cblr-2952	306	113	examples	example	NOUN
cblr-2952	306	114	of	of	ADP
cblr-2952	306	115	hedge	hedge	NOUN
cblr-2952	306	116	funds	fund	NOUN
cblr-2952	306	117	providing	provide	VERB
cblr-2952	306	118	needed	need	VERB
cblr-2952	306	119	liquidity	liquidity	NOUN
cblr-2952	306	120	to	to	PART
cblr-2952	306	121	avoid	avoid	VERB
cblr-2952	306	122	capital	capital	NOUN
cblr-2952	306	123	market	market	NOUN
cblr-2952	306	124	disruptions	disruption	NOUN
cblr-2952	306	125	)	)	PUNCT
cblr-2952	306	126	.	.	PUNCT
cblr-2952	307	1	another	another	DET
cblr-2952	307	2	recent	recent	ADJ
cblr-2952	307	3	study	study	NOUN
cblr-2952	307	4	found	find	VERB
cblr-2952	307	5	that	that	SCONJ
cblr-2952	307	6	over	over	ADP
cblr-2952	307	7	a	a	DET
cblr-2952	307	8	one	one	NUM
cblr-2952	307	9	-	-	PUNCT
cblr-2952	307	10	year	year	NOUN
cblr-2952	307	11	period	period	NOUN
cblr-2952	307	12	from	from	ADP
cblr-2952	307	13	april	april	PROPN
cblr-2952	307	14	2006	2006	NUM
cblr-2952	307	15	to	to	ADP
cblr-2952	307	16	april	april	PROPN
cblr-2952	307	17	2007	2007	NUM
cblr-2952	307	18	,	,	PUNCT
cblr-2952	307	19	hedge	hedge	NOUN
cblr-2952	307	20	funds	fund	NOUN
cblr-2952	307	21	were	be	AUX
cblr-2952	307	22	responsible	responsible	ADJ
cblr-2952	307	23	for	for	ADP
cblr-2952	307	24	approximately	approximately	ADV
cblr-2952	307	25	thirty	thirty	NUM
cblr-2952	307	26	percent	percent	NOUN
cblr-2952	307	27	of	of	ADP
cblr-2952	307	28	u.s	u.s	PROPN
cblr-2952	307	29	.	.	PROPN
cblr-2952	307	30	fixed	fix	VERB
cblr-2952	307	31	-	-	PUNCT
cblr-2952	307	32	income	income	NOUN
cblr-2952	307	33	trades	trade	NOUN
cblr-2952	307	34	,	,	PUNCT
cblr-2952	307	35	fifty	fifty	NUM
cblr-2952	307	36	-	-	PUNCT
cblr-2952	307	37	five	five	NUM
cblr-2952	307	38	percent	percent	NOUN
cblr-2952	307	39	of	of	ADP
cblr-2952	307	40	u.s	u.s	PROPN
cblr-2952	307	41	.	.	PROPN
cblr-2952	307	42	investment	investment	NOUN
cblr-2952	307	43	-	-	PUNCT
cblr-2952	307	44	grade	grade	NOUN
cblr-2952	307	45	derivatives	derivative	NOUN
cblr-2952	307	46	trades	trade	NOUN
cblr-2952	307	47	,	,	PUNCT
cblr-2952	307	48	and	and	CCONJ
cblr-2952	307	49	fifty	fifty	NUM
cblr-2952	307	50	-	-	PUNCT
cblr-2952	307	51	five	five	NUM
cblr-2952	307	52	percent	percent	NOUN
cblr-2952	307	53	emerging	emerge	VERB
cblr-2952	307	54	-	-	PUNCT
cblr-2952	307	55	market	market	NOUN
cblr-2952	307	56	bond	bond	NOUN
cblr-2952	307	57	trades	trade	NOUN
cblr-2952	307	58	.	.	PUNCT
cblr-2952	308	1	see	see	VERB
cblr-2952	308	2	craig	craig	PROPN
cblr-2952	308	3	karmin	karmin	PROPN
cblr-2952	308	4	,	,	PUNCT
cblr-2952	308	5	hedge	hedge	NOUN
cblr-2952	308	6	funds	fund	NOUN
cblr-2952	308	7	do	do	VERB
cblr-2952	308	8	about	about	ADV
cblr-2952	308	9	30	30	NUM
cblr-2952	308	10	%	%	NOUN
cblr-2952	308	11	of	of	ADP
cblr-2952	308	12	bond	bond	NOUN
cblr-2952	308	13	trading	trading	NOUN
cblr-2952	308	14	,	,	PUNCT
cblr-2952	308	15	study	study	NOUN
cblr-2952	308	16	says	say	VERB
cblr-2952	308	17	,	,	PUNCT
cblr-2952	309	1	wall	wall	PROPN
cblr-2952	309	2	st	st	PROPN
cblr-2952	309	3	.	.	PROPN
cblr-2952	309	4	j.	j.	PROPN
cblr-2952	309	5	,	,	PUNCT
cblr-2952	309	6	aug	aug	PROPN
cblr-2952	309	7	.	.	PROPN
cblr-2952	309	8	30	30	NUM
cblr-2952	309	9	,	,	PUNCT
cblr-2952	309	10	2007	2007	NUM
cblr-2952	309	11	,	,	PUNCT
cblr-2952	309	12	at	at	ADP
cblr-2952	309	13	c3	c3	PROPN
cblr-2952	309	14	.	.	PROPN
cblr-2952	310	1	67	67	NUM
cblr-2952	310	2	see	see	VERB
cblr-2952	310	3	marcel	marcel	PROPN
cblr-2952	310	4	kahan	kahan	PROPN
cblr-2952	310	5	&	&	CCONJ
cblr-2952	310	6	edward	edward	PROPN
cblr-2952	310	7	b.	b.	PROPN
cblr-2952	310	8	rock	rock	PROPN
cblr-2952	310	9	,	,	PUNCT
cblr-2952	310	10	hedge	hedge	NOUN
cblr-2952	310	11	funds	fund	NOUN
cblr-2952	310	12	in	in	ADP
cblr-2952	310	13	corporate	corporate	ADJ
cblr-2952	310	14	governance	governance	NOUN
cblr-2952	310	15	and	and	CCONJ
cblr-2952	310	16	corporate	corporate	ADJ
cblr-2952	310	17	control	control	NOUN
cblr-2952	310	18	155	155	NUM
cblr-2952	310	19	u.	u.	PROPN
cblr-2952	310	20	pa	pa	PROPN
cblr-2952	310	21	.	.	PUNCT
cblr-2952	310	22	l.	l.	PROPN
cblr-2952	310	23	rev	rev	PROPN
cblr-2952	310	24	.	.	PROPN
cblr-2952	310	25	1021	1021	NUM
cblr-2952	310	26	,	,	PUNCT
cblr-2952	310	27	1029	1029	NUM
cblr-2952	310	28	-	-	SYM
cblr-2952	310	29	41	41	NUM
cblr-2952	310	30	(	(	PUNCT
cblr-2952	310	31	2007	2007	NUM
cblr-2952	310	32	)	)	PUNCT
cblr-2952	310	33	.	.	PUNCT
cblr-2952	311	1	see	see	VERB
cblr-2952	311	2	,	,	PUNCT
cblr-2952	311	3	e.g.	e.g.	ADV
cblr-2952	311	4	,	,	PUNCT
cblr-2952	311	5	roger	roger	PROPN
cblr-2952	311	6	g.	g.	PROPN
cblr-2952	311	7	ibbotson	ibbotson	PROPN
cblr-2952	311	8	&	&	CCONJ
cblr-2952	311	9	peng	peng	PROPN
cblr-2952	311	10	chen	chen	PROPN
cblr-2952	311	11	,	,	PUNCT
cblr-2952	311	12	sources	source	NOUN
cblr-2952	311	13	of	of	ADP
cblr-2952	311	14	hedge	hedge	NOUN
cblr-2952	311	15	fund	fund	NOUN
cblr-2952	311	16	returns	return	NOUN
cblr-2952	311	17	:	:	PUNCT
cblr-2952	311	18	alphas	alpha	NOUN
cblr-2952	311	19	,	,	PUNCT
cblr-2952	311	20	betas	beta	NOUN
cblr-2952	311	21	,	,	PUNCT
cblr-2952	311	22	and	and	CCONJ
cblr-2952	311	23	costs	cost	NOUN
cblr-2952	311	24	(	(	PUNCT
cblr-2952	311	25	sept	sept	PROPN
cblr-2952	311	26	.	.	PROPN
cblr-2952	311	27	2006	2006	NUM
cblr-2952	311	28	)	)	PUNCT
cblr-2952	311	29	,	,	PUNCT
cblr-2952	311	30	available	available	ADJ
cblr-2952	311	31	at	at	ADP
cblr-2952	311	32	http://ssrn.com/abstract=733264	http://ssrn.com/abstract=733264	NOUN
cblr-2952	311	33	(	(	PUNCT
cblr-2952	311	34	finding	find	VERB
cblr-2952	311	35	that	that	DET
cblr-2952	311	36	hedge	hedge	NOUN
cblr-2952	311	37	fund	fund	NOUN
cblr-2952	311	38	alphas	alpha	NOUN
cblr-2952	311	39	were	be	AUX
cblr-2952	311	40	significantly	significantly	ADV
cblr-2952	311	41	positive	positive	ADJ
cblr-2952	311	42	at	at	ADP
cblr-2952	311	43	3.04	3.04	NUM
cblr-2952	311	44	%	%	NOUN
cblr-2952	311	45	in	in	ADP
cblr-2952	311	46	a	a	DET
cblr-2952	311	47	sample	sample	NOUN
cblr-2952	311	48	of	of	ADP
cblr-2952	311	49	3500	3500	NUM
cblr-2952	311	50	hedge	hedge	NOUN
cblr-2952	311	51	funds	fund	NOUN
cblr-2952	311	52	from	from	ADP
cblr-2952	311	53	the	the	DET
cblr-2952	311	54	tass	tass	PROPN
cblr-2952	311	55	database	database	NOUN
cblr-2952	311	56	during	during	ADP
cblr-2952	311	57	the	the	DET
cblr-2952	311	58	period	period	NOUN
cblr-2952	311	59	january	january	PROPN
cblr-2952	311	60	1995	1995	NUM
cblr-2952	311	61	through	through	ADP
cblr-2952	311	62	april	april	PROPN
cblr-2952	311	63	2006	2006	NUM
cblr-2952	311	64	)	)	PUNCT
cblr-2952	311	65	.	.	PUNCT
cblr-2952	312	1	69	69	NUM
cblr-2952	312	2	survivorship	survivorship	NOUN
cblr-2952	312	3	bias	bias	NOUN
cblr-2952	312	4	is	be	AUX
cblr-2952	312	5	the	the	DET
cblr-2952	312	6	tendency	tendency	NOUN
cblr-2952	312	7	to	to	PART
cblr-2952	312	8	exclude	exclude	VERB
cblr-2952	312	9	from	from	ADP
cblr-2952	312	10	a	a	DET
cblr-2952	312	11	performance	performance	NOUN
cblr-2952	312	12	study	study	NOUN
cblr-2952	312	13	funds	fund	NOUN
cblr-2952	312	14	which	which	PRON
cblr-2952	312	15	are	be	AUX
cblr-2952	312	16	no	no	ADV
cblr-2952	312	17	longer	long	ADV
cblr-2952	312	18	operating	operate	VERB
cblr-2952	312	19	;	;	PUNCT
cblr-2952	312	20	since	since	SCONJ
cblr-2952	312	21	these	these	DET
cblr-2952	312	22	funds	fund	NOUN
cblr-2952	312	23	likely	likely	ADJ
cblr-2952	312	24	no	no	ADV
cblr-2952	312	25	longer	long	ADV
cblr-2952	312	26	exist	exist	VERB
cblr-2952	312	27	because	because	SCONJ
cblr-2952	312	28	of	of	ADP
cblr-2952	312	29	poor	poor	ADJ
cblr-2952	312	30	performance	performance	NOUN
cblr-2952	312	31	,	,	PUNCT
cblr-2952	312	32	the	the	DET
cblr-2952	312	33	result	result	NOUN
cblr-2952	312	34	is	be	AUX
cblr-2952	312	35	to	to	PART
cblr-2952	312	36	bias	bias	VERB
cblr-2952	312	37	the	the	DET
cblr-2952	312	38	performance	performance	NOUN
cblr-2952	312	39	results	result	VERB
cblr-2952	312	40	upwards	upwards	ADV
cblr-2952	312	41	.	.	PUNCT
cblr-2952	313	1	backfill	backfill	NOUN
cblr-2952	313	2	bias	bias	NOUN
cblr-2952	313	3	is	be	AUX
cblr-2952	313	4	caused	cause	VERB
cblr-2952	313	5	by	by	ADP
cblr-2952	313	6	the	the	DET
cblr-2952	313	7	tendency	tendency	NOUN
cblr-2952	313	8	of	of	ADP
cblr-2952	313	9	fund	fund	NOUN
cblr-2952	313	10	ad[vol	ad[vol	NOUN
cblr-2952	313	11	.	.	PUNCT
cblr-2952	314	1	2008col	2008col	NUM
cblr-2952	314	2	umbia	umbia	NOUN
cblr-2952	314	3	b	b	PROPN
cblr-2952	314	4	usiness	usiness	PROPN
cblr-2952	314	5	la	la	PROPN
cblr-2952	314	6	w	w	PROPN
cblr-2952	314	7	re	re	PROPN
cblr-2952	314	8	vie	vie	PROPN
cblr-2952	314	9	w	w	PROPN
cblr-2952	314	10	black	black	ADJ
cblr-2952	314	11	market	market	NOUN
cblr-2952	314	12	capital	capital	NOUN
cblr-2952	314	13	though	though	ADV
cblr-2952	314	14	,	,	PUNCT
cblr-2952	314	15	have	have	AUX
cblr-2952	314	16	found	find	VERB
cblr-2952	314	17	that	that	SCONJ
cblr-2952	314	18	aggregate	aggregate	ADJ
cblr-2952	314	19	hedge	hedge	NOUN
cblr-2952	314	20	fund	fund	NOUN
cblr-2952	314	21	returns	return	NOUN
cblr-2952	314	22	gross	gross	ADJ
cblr-2952	314	23	of	of	ADP
cblr-2952	314	24	fees	fee	NOUN
cblr-2952	314	25	are	be	AUX
cblr-2952	314	26	superior	superior	ADJ
cblr-2952	314	27	to	to	ADP
cblr-2952	314	28	those	those	PRON
cblr-2952	314	29	of	of	ADP
cblr-2952	314	30	the	the	DET
cblr-2952	314	31	s&p	s&p	PROPN
cblr-2952	314	32	500	500	NUM
cblr-2952	314	33	albeit	albeit	SCONJ
cblr-2952	314	34	with	with	ADP
cblr-2952	314	35	strong	strong	ADJ
cblr-2952	314	36	caveats	caveat	NOUN
cblr-2952	314	37	about	about	ADP
cblr-2952	314	38	the	the	DET
cblr-2952	314	39	quality	quality	NOUN
cblr-2952	314	40	of	of	ADP
cblr-2952	314	41	the	the	DET
cblr-2952	314	42	data	datum	NOUN
cblr-2952	314	43	and	and	CCONJ
cblr-2952	314	44	adjustments	adjustment	NOUN
cblr-2952	314	45	for	for	ADP
cblr-2952	314	46	size	size	NOUN
cblr-2952	314	47	,	,	PUNCT
cblr-2952	314	48	longevity	longevity	NOUN
cblr-2952	314	49	,	,	PUNCT
cblr-2952	314	50	and	and	CCONJ
cblr-2952	314	51	investment	investment	NOUN
cblr-2952	314	52	strategy	strategy	NOUN
cblr-2952	314	53	.	.	PUNCT
cblr-2952	315	1	"0	"0	VERB
cblr-2952	315	2	these	these	DET
cblr-2952	315	3	findings	finding	NOUN
cblr-2952	315	4	are	be	AUX
cblr-2952	315	5	supported	support	VERB
cblr-2952	315	6	by	by	ADP
cblr-2952	315	7	the	the	DET
cblr-2952	315	8	performance	performance	NOUN
cblr-2952	315	9	of	of	ADP
cblr-2952	315	10	the	the	DET
cblr-2952	315	11	credit	credit	NOUN
cblr-2952	315	12	suisse	suisse	PROPN
cblr-2952	315	13	/	/	SYM
cblr-2952	315	14	tremont	tremont	PROPN
cblr-2952	315	15	hedge	hedge	NOUN
cblr-2952	315	16	fund	fund	PROPN
cblr-2952	315	17	index.7	index.7	PROPN
cblr-2952	315	18	this	this	DET
cblr-2952	315	19	asset	asset	NOUN
cblr-2952	315	20	-	-	PUNCT
cblr-2952	315	21	weighted	weight	VERB
cblr-2952	315	22	index	index	NOUN
cblr-2952	315	23	tracks	track	VERB
cblr-2952	315	24	the	the	DET
cblr-2952	315	25	returns	return	NOUN
cblr-2952	315	26	of	of	ADP
cblr-2952	315	27	more	more	ADJ
cblr-2952	315	28	than	than	ADP
cblr-2952	315	29	4500	4500	NUM
cblr-2952	315	30	hedge	hedge	NOUN
cblr-2952	315	31	funds	fund	NOUN
cblr-2952	315	32	;	;	PUNCT
cblr-2952	315	33	it	it	PRON
cblr-2952	315	34	has	have	AUX
cblr-2952	315	35	outperformed	outperform	VERB
cblr-2952	315	36	the	the	DET
cblr-2952	315	37	s&p	s&p	PROPN
cblr-2952	315	38	500	500	NUM
cblr-2952	315	39	by	by	ADP
cblr-2952	315	40	36.5	36.5	NUM
cblr-2952	315	41	%	%	NOUN
cblr-2952	315	42	during	during	ADP
cblr-2952	315	43	the	the	DET
cblr-2952	315	44	period	period	NOUN
cblr-2952	315	45	1994	1994	NUM
cblr-2952	315	46	to	to	ADP
cblr-2952	315	47	2007.72	2007.72	NUM
cblr-2952	315	48	these	these	DET
cblr-2952	315	49	findings	finding	NOUN
cblr-2952	315	50	may	may	AUX
cblr-2952	315	51	understate	understate	VERB
cblr-2952	315	52	real	real	ADJ
cblr-2952	315	53	hedge	hedge	NOUN
cblr-2952	315	54	fund	fund	NOUN
cblr-2952	315	55	performance	performance	NOUN
cblr-2952	315	56	given	give	VERB
cblr-2952	315	57	that	that	PRON
cblr-2952	315	58	numerous	numerous	ADJ
cblr-2952	315	59	hedge	hedge	NOUN
cblr-2952	315	60	funds	fund	NOUN
cblr-2952	315	61	included	include	VERB
cblr-2952	315	62	in	in	ADP
cblr-2952	315	63	these	these	DET
cblr-2952	315	64	studies	study	NOUN
cblr-2952	315	65	and	and	CCONJ
cblr-2952	315	66	the	the	DET
cblr-2952	315	67	credit	credit	NOUN
cblr-2952	315	68	suisse	suisse	PROPN
cblr-2952	315	69	/	/	SYM
cblr-2952	315	70	tremont	tremont	PROPN
cblr-2952	315	71	index	index	NOUN
cblr-2952	315	72	target	target	VERB
cblr-2952	315	73	other	other	ADJ
cblr-2952	315	74	lower	low	ADJ
cblr-2952	315	75	benchmarks	benchmark	NOUN
cblr-2952	315	76	and	and	CCONJ
cblr-2952	315	77	aim	aim	VERB
cblr-2952	315	78	for	for	ADP
cblr-2952	315	79	lower	low	ADJ
cblr-2952	315	80	but	but	CCONJ
cblr-2952	315	81	less	less	ADV
cblr-2952	315	82	volatile	volatile	ADJ
cblr-2952	315	83	and	and	CCONJ
cblr-2952	315	84	more	more	ADV
cblr-2952	315	85	certain	certain	ADJ
cblr-2952	315	86	returns.73	returns.73	NOUN
cblr-2952	315	87	moreover	moreover	ADV
cblr-2952	315	88	,	,	PUNCT
cblr-2952	315	89	hedge	hedge	NOUN
cblr-2952	315	90	fund	fund	NOUN
cblr-2952	315	91	returns	return	NOUN
cblr-2952	315	92	have	have	AUX
cblr-2952	315	93	been	be	AUX
cblr-2952	315	94	found	find	VERB
cblr-2952	315	95	to	to	PART
cblr-2952	315	96	have	have	VERB
cblr-2952	315	97	significant	significant	ADJ
cblr-2952	315	98	heterogeneity	heterogeneity	NOUN
cblr-2952	315	99	;	;	PUNCT
cblr-2952	315	100	more	more	ADV
cblr-2952	315	101	sizable	sizable	ADJ
cblr-2952	315	102	funds	fund	NOUN
cblr-2952	315	103	have	have	AUX
cblr-2952	315	104	tended	tend	VERB
cblr-2952	315	105	to	to	PART
cblr-2952	315	106	deliver	deliver	VERB
cblr-2952	315	107	higher	high	ADJ
cblr-2952	315	108	extraordinary	extraordinary	ADJ
cblr-2952	315	109	returns,74	returns,74	NOUN
cblr-2952	315	110	while	while	SCONJ
cblr-2952	315	111	certain	certain	ADJ
cblr-2952	315	112	well	well	ADV
cblr-2952	315	113	-	-	PUNCT
cblr-2952	315	114	known	know	VERB
cblr-2952	315	115	hedge	hedge	NOUN
cblr-2952	315	116	funds	fund	NOUN
cblr-2952	315	117	have	have	VERB
cblr-2952	315	118	consisvisers	consisviser	NOUN
cblr-2952	315	119	to	to	PART
cblr-2952	315	120	report	report	VERB
cblr-2952	315	121	returns	return	NOUN
cblr-2952	315	122	to	to	ADP
cblr-2952	315	123	databases	database	NOUN
cblr-2952	315	124	only	only	ADV
cblr-2952	315	125	after	after	ADP
cblr-2952	315	126	a	a	DET
cblr-2952	315	127	few	few	ADJ
cblr-2952	315	128	years	year	NOUN
cblr-2952	315	129	of	of	ADP
cblr-2952	315	130	operation	operation	NOUN
cblr-2952	315	131	and	and	CCONJ
cblr-2952	315	132	only	only	ADV
cblr-2952	315	133	then	then	ADV
cblr-2952	315	134	if	if	SCONJ
cblr-2952	315	135	their	their	PRON
cblr-2952	315	136	returns	return	NOUN
cblr-2952	315	137	are	be	AUX
cblr-2952	315	138	superior	superior	ADJ
cblr-2952	315	139	;	;	PUNCT
cblr-2952	315	140	poor	poor	ADJ
cblr-2952	315	141	performing	performing	NOUN
cblr-2952	315	142	funds	fund	NOUN
cblr-2952	315	143	might	might	AUX
cblr-2952	315	144	never	never	ADV
cblr-2952	315	145	be	be	AUX
cblr-2952	315	146	reported	report	VERB
cblr-2952	315	147	.	.	PUNCT
cblr-2952	316	1	these	these	DET
cblr-2952	316	2	poor	poor	ADJ
cblr-2952	316	3	performing	performing	NOUN
cblr-2952	316	4	funds	fund	NOUN
cblr-2952	316	5	are	be	AUX
cblr-2952	316	6	therefore	therefore	ADV
cblr-2952	316	7	excluded	exclude	VERB
cblr-2952	316	8	from	from	ADP
cblr-2952	316	9	performance	performance	NOUN
cblr-2952	316	10	studies	study	NOUN
cblr-2952	316	11	.	.	PUNCT
cblr-2952	317	1	finally	finally	ADV
cblr-2952	317	2	,	,	PUNCT
cblr-2952	317	3	liquidation	liquidation	NOUN
cblr-2952	317	4	bias	bias	NOUN
cblr-2952	317	5	is	be	AUX
cblr-2952	317	6	the	the	DET
cblr-2952	317	7	tendency	tendency	NOUN
cblr-2952	317	8	of	of	ADP
cblr-2952	317	9	fund	fund	NOUN
cblr-2952	317	10	advisers	adviser	NOUN
cblr-2952	317	11	of	of	ADP
cblr-2952	317	12	failing	fail	VERB
cblr-2952	317	13	funds	fund	NOUN
cblr-2952	317	14	to	to	PART
cblr-2952	317	15	simply	simply	ADV
cblr-2952	317	16	stop	stop	VERB
cblr-2952	317	17	reporting	report	VERB
cblr-2952	317	18	returns	return	NOUN
cblr-2952	317	19	to	to	ADP
cblr-2952	317	20	databases	database	NOUN
cblr-2952	317	21	at	at	ADP
cblr-2952	317	22	some	some	DET
cblr-2952	317	23	point	point	NOUN
cblr-2952	317	24	during	during	ADP
cblr-2952	317	25	the	the	DET
cblr-2952	317	26	fund	fund	NOUN
cblr-2952	317	27	decline	decline	NOUN
cblr-2952	317	28	.	.	PUNCT
cblr-2952	318	1	consequently	consequently	ADV
cblr-2952	318	2	,	,	PUNCT
cblr-2952	318	3	the	the	DET
cblr-2952	318	4	full	full	ADJ
cblr-2952	318	5	losses	loss	NOUN
cblr-2952	318	6	of	of	ADP
cblr-2952	318	7	a	a	DET
cblr-2952	318	8	hedge	hedge	NOUN
cblr-2952	318	9	fund	fund	NOUN
cblr-2952	318	10	in	in	ADP
cblr-2952	318	11	such	such	DET
cblr-2952	318	12	a	a	DET
cblr-2952	318	13	situation	situation	NOUN
cblr-2952	318	14	are	be	AUX
cblr-2952	318	15	often	often	ADV
cblr-2952	318	16	not	not	PART
cblr-2952	318	17	included	include	VERB
cblr-2952	318	18	in	in	ADP
cblr-2952	318	19	performance	performance	NOUN
cblr-2952	318	20	studies	study	NOUN
cblr-2952	318	21	.	.	PUNCT
cblr-2952	319	1	other	other	ADJ
cblr-2952	319	2	biases	bias	NOUN
cblr-2952	319	3	also	also	ADV
cblr-2952	319	4	affect	affect	VERB
cblr-2952	319	5	performance	performance	NOUN
cblr-2952	319	6	studies	study	NOUN
cblr-2952	319	7	,	,	PUNCT
cblr-2952	319	8	such	such	ADJ
cblr-2952	319	9	as	as	ADP
cblr-2952	319	10	fraudulent	fraudulent	ADJ
cblr-2952	319	11	reporting	reporting	NOUN
cblr-2952	319	12	and	and	CCONJ
cblr-2952	319	13	the	the	DET
cblr-2952	319	14	difficulty	difficulty	NOUN
cblr-2952	319	15	of	of	ADP
cblr-2952	319	16	assessing	assess	VERB
cblr-2952	319	17	the	the	DET
cblr-2952	319	18	value	value	NOUN
cblr-2952	319	19	of	of	ADP
cblr-2952	319	20	hedge	hedge	NOUN
cblr-2952	319	21	fund	fund	NOUN
cblr-2952	319	22	's	's	PART
cblr-2952	319	23	often	often	ADV
cblr-2952	319	24	illiquid	illiquid	ADJ
cblr-2952	319	25	investments	investment	NOUN
cblr-2952	319	26	.	.	PUNCT
cblr-2952	320	1	see	see	AUX
cblr-2952	320	2	generally	generally	ADV
cblr-2952	320	3	bing	bing	VERB
cblr-2952	320	4	liang	liang	PROPN
cblr-2952	320	5	,	,	PUNCT
cblr-2952	320	6	hedge	hedge	NOUN
cblr-2952	320	7	funds	fund	NOUN
cblr-2952	320	8	:	:	PUNCT
cblr-2952	320	9	the	the	DET
cblr-2952	320	10	living	living	NOUN
cblr-2952	320	11	and	and	CCONJ
cblr-2952	320	12	the	the	DET
cblr-2952	320	13	dead	dead	ADJ
cblr-2952	320	14	,	,	PUNCT
cblr-2952	320	15	35(3	35(3	NUM
cblr-2952	320	16	)	)	PUNCT
cblr-2952	320	17	j.	j.	PROPN
cblr-2952	320	18	fin	fin	PROPN
cblr-2952	320	19	.	.	PUNCT
cblr-2952	321	1	quant	quant	PROPN
cblr-2952	321	2	.	.	PUNCT
cblr-2952	322	1	anal	anal	PROPN
cblr-2952	322	2	.	.	PUNCT
cblr-2952	323	1	309	309	NUM
cblr-2952	323	2	(	(	PUNCT
cblr-2952	323	3	sept	sept	PROPN
cblr-2952	323	4	.	.	PROPN
cblr-2952	323	5	2000	2000	NUM
cblr-2952	323	6	)	)	PUNCT
cblr-2952	324	1	(	(	PUNCT
cblr-2952	324	2	analyzing	analyze	VERB
cblr-2952	324	3	various	various	ADJ
cblr-2952	324	4	survivorship	survivorship	NOUN
cblr-2952	324	5	and	and	CCONJ
cblr-2952	324	6	reporting	report	VERB
cblr-2952	324	7	biases	bias	NOUN
cblr-2952	324	8	in	in	ADP
cblr-2952	324	9	prior	prior	ADJ
cblr-2952	324	10	hedge	hedge	NOUN
cblr-2952	324	11	fund	fund	NOUN
cblr-2952	324	12	empirical	empirical	ADJ
cblr-2952	324	13	analysis	analysis	NOUN
cblr-2952	324	14	)	)	PUNCT
cblr-2952	324	15	.	.	PUNCT
cblr-2952	325	1	70	70	NUM
cblr-2952	325	2	see	see	VERB
cblr-2952	325	3	ibbotson	ibbotson	PROPN
cblr-2952	325	4	&	&	CCONJ
cblr-2952	325	5	chen	chen	PROPN
cblr-2952	325	6	,	,	PUNCT
cblr-2952	325	7	supra	supra	PROPN
cblr-2952	325	8	note	note	PROPN
cblr-2952	325	9	68	68	NUM
cblr-2952	325	10	,	,	PUNCT
cblr-2952	325	11	at	at	ADP
cblr-2952	325	12	15	15	NUM
cblr-2952	325	13	-	-	SYM
cblr-2952	325	14	17	17	NUM
cblr-2952	325	15	;	;	PUNCT
cblr-2952	325	16	see	see	VERB
cblr-2952	325	17	also	also	ADV
cblr-2952	325	18	burton	burton	PROPN
cblr-2952	325	19	malkiel	malkiel	PROPN
cblr-2952	325	20	&	&	CCONJ
cblr-2952	325	21	atanu	atanu	PROPN
cblr-2952	325	22	saha	saha	PROPN
cblr-2952	325	23	,	,	PUNCT
cblr-2952	325	24	hedge	hedge	NOUN
cblr-2952	325	25	funds	fund	NOUN
cblr-2952	325	26	:	:	PUNCT
cblr-2952	325	27	risk	risk	NOUN
cblr-2952	325	28	and	and	CCONJ
cblr-2952	325	29	return	return	NOUN
cblr-2952	325	30	,	,	PUNCT
cblr-2952	325	31	61	61	NUM
cblr-2952	325	32	fin	fin	NOUN
cblr-2952	325	33	.	.	PUNCT
cblr-2952	326	1	anal	anal	PROPN
cblr-2952	326	2	.	.	PUNCT
cblr-2952	327	1	j.	j.	PROPN
cblr-2952	327	2	80	80	NUM
cblr-2952	327	3	(	(	PUNCT
cblr-2952	327	4	2005	2005	NUM
cblr-2952	327	5	)	)	PUNCT
cblr-2952	327	6	.	.	PUNCT
cblr-2952	328	1	71	71	NUM
cblr-2952	328	2	for	for	ADP
cblr-2952	328	3	an	an	DET
cblr-2952	328	4	overview	overview	NOUN
cblr-2952	328	5	of	of	ADP
cblr-2952	328	6	the	the	DET
cblr-2952	328	7	credit	credit	NOUN
cblr-2952	328	8	suisse	suisse	PROPN
cblr-2952	328	9	/	/	SYM
cblr-2952	328	10	tremont	tremont	PROPN
cblr-2952	328	11	hedge	hedge	PROPN
cblr-2952	328	12	fund	fund	PROPN
cblr-2952	328	13	index	index	PROPN
cblr-2952	328	14	,	,	PUNCT
cblr-2952	328	15	see	see	VERB
cblr-2952	328	16	http://www.hedgeindex.com/hedgeindex/en/faq.aspx?indexname=	http://www.hedgeindex.com/hedgeindex/en/faq.aspx?indexname=	PROPN
cblr-2952	328	17	hedg&cy	hedg&cy	PROPN
cblr-2952	328	18	=	=	SYM
cblr-2952	328	19	usd	usd	NOUN
cblr-2952	328	20	(	(	PUNCT
cblr-2952	328	21	last	last	ADV
cblr-2952	328	22	visited	visit	VERB
cblr-2952	328	23	feb	feb	PROPN
cblr-2952	328	24	.	.	PROPN
cblr-2952	328	25	4	4	NUM
cblr-2952	328	26	,	,	PUNCT
cblr-2952	328	27	2008	2008	NUM
cblr-2952	328	28	)	)	PUNCT
cblr-2952	328	29	.	.	PUNCT
cblr-2952	329	1	72	72	NUM
cblr-2952	329	2	bloomberg	bloomberg	PROPN
cblr-2952	329	3	data	datum	NOUN
cblr-2952	329	4	terminal	terminal	NOUN
cblr-2952	329	5	(	(	PUNCT
cblr-2952	329	6	search	search	NOUN
cblr-2952	329	7	data	datum	NOUN
cblr-2952	329	8	on	on	ADP
cblr-2952	329	9	file	file	NOUN
cblr-2952	329	10	with	with	ADP
cblr-2952	329	11	author	author	NOUN
cblr-2952	329	12	)	)	PUNCT
cblr-2952	329	13	.	.	PUNCT
cblr-2952	329	14	"	"	PUNCT
cblr-2952	329	15	see	see	VERB
cblr-2952	329	16	credit	credit	NOUN
cblr-2952	329	17	suisse	suisse	PROPN
cblr-2952	329	18	/	/	SYM
cblr-2952	329	19	tremont	tremont	PROPN
cblr-2952	329	20	hedge	hedge	PROPN
cblr-2952	329	21	fund	fund	PROPN
cblr-2952	329	22	index	index	PROPN
cblr-2952	329	23	,	,	PUNCT
cblr-2952	329	24	monthly	monthly	ADJ
cblr-2952	329	25	performance	performance	NOUN
cblr-2952	329	26	overview	overview	NOUN
cblr-2952	329	27	,	,	PUNCT
cblr-2952	329	28	http://www.hedgeindex.com/hedgeindex/en/dfault.aspx?cy=	http://www.hedgeindex.com/hedgeindex/en/dfault.aspx?cy=	AUX
cblr-2952	329	29	usd	usd	NOUN
cblr-2952	330	1	(	(	PUNCT
cblr-2952	330	2	last	last	ADV
cblr-2952	330	3	visited	visit	VERB
cblr-2952	330	4	feb	feb	PROPN
cblr-2952	330	5	.	.	PROPN
cblr-2952	330	6	4	4	NUM
cblr-2952	330	7	,	,	PUNCT
cblr-2952	330	8	2008	2008	NUM
cblr-2952	330	9	)	)	PUNCT
cblr-2952	330	10	.	.	PUNCT
cblr-2952	331	1	"	"	PUNCT
cblr-2952	331	2	see	see	VERB
cblr-2952	331	3	fung	fung	PROPN
cblr-2952	331	4	et	et	PROPN
cblr-2952	331	5	al	al	PROPN
cblr-2952	331	6	.	.	PROPN
cblr-2952	331	7	,	,	PUNCT
cblr-2952	331	8	hedge	hedge	NOUN
cblr-2952	331	9	funds	fund	NOUN
cblr-2952	331	10	:	:	PUNCT
cblr-2952	331	11	performance	performance	NOUN
cblr-2952	331	12	,	,	PUNCT
cblr-2952	331	13	risk	risk	NOUN
cblr-2952	331	14	and	and	CCONJ
cblr-2952	331	15	capital	capital	NOUN
cblr-2952	331	16	formation	formation	NOUN
cblr-2952	331	17	(	(	PUNCT
cblr-2952	331	18	july	july	PROPN
cblr-2952	331	19	2006	2006	NUM
cblr-2952	331	20	)	)	PUNCT
cblr-2952	331	21	,	,	PUNCT
cblr-2952	331	22	available	available	ADJ
cblr-2952	331	23	at	at	ADP
cblr-2952	331	24	http://papers.ssrn.com/sol3/papers	http://papers.ssrn.com/sol3/paper	NOUN
cblr-2952	331	25	.	.	PUNCT
cblr-2952	332	1	cfm?abstractid=778124	cfm?abstractid=778124	NOUN
cblr-2952	332	2	(	(	PUNCT
cblr-2952	332	3	finding	find	VERB
cblr-2952	332	4	that	that	SCONJ
cblr-2952	332	5	capital	capital	NOUN
cblr-2952	332	6	flows	flow	VERB
cblr-2952	332	7	into	into	ADP
cblr-2952	332	8	alpha	alpha	NOUN
cblr-2952	332	9	producing	produce	VERB
cblr-2952	332	10	hedge	hedge	NOUN
cblr-2952	332	11	funds	fund	NOUN
cblr-2952	332	12	have	have	VERB
cblr-2952	332	13	an	an	DET
cblr-2952	332	14	adverse	adverse	ADJ
cblr-2952	332	15	effect	effect	NOUN
cblr-2952	332	16	on	on	ADP
cblr-2952	332	17	their	their	PRON
cblr-2952	332	18	risk	risk	NOUN
cblr-2952	332	19	-	-	PUNCT
cblr-2952	332	20	adjusted	adjust	VERB
cblr-2952	332	21	future	future	ADJ
cblr-2952	332	22	performno	performno	NOUN
cblr-2952	332	23	.	.	PUNCT
cblr-2952	333	1	1	1	NUM
cblr-2952	333	2	:	:	SYM
cblr-2952	333	3	172	172	NUM
cblr-2952	333	4	]	]	SYM
cblr-2952	333	5	195	195	NUM
cblr-2952	333	6	tently	tently	ADV
cblr-2952	333	7	delivered	deliver	VERB
cblr-2952	333	8	superior	superior	ADJ
cblr-2952	333	9	returns	return	NOUN
cblr-2952	333	10	over	over	ADP
cblr-2952	333	11	extended	extended	ADJ
cblr-2952	333	12	periods	period	NOUN
cblr-2952	333	13	of	of	ADP
cblr-2952	333	14	time	time	NOUN
cblr-2952	333	15	.	.	PUNCT
cblr-2952	334	1	5	5	NUM
cblr-2952	334	2	studies	study	NOUN
cblr-2952	334	3	have	have	AUX
cblr-2952	334	4	also	also	ADV
cblr-2952	334	5	found	find	VERB
cblr-2952	334	6	that	that	SCONJ
cblr-2952	334	7	hedge	hedge	NOUN
cblr-2952	334	8	fund	fund	NOUN
cblr-2952	334	9	returns	return	NOUN
cblr-2952	334	10	in	in	ADP
cblr-2952	334	11	the	the	DET
cblr-2952	334	12	aggregate	aggregate	NOUN
cblr-2952	334	13	have	have	VERB
cblr-2952	334	14	a	a	DET
cblr-2952	334	15	much	much	ADV
cblr-2952	334	16	-	-	PUNCT
cblr-2952	334	17	valued	value	VERB
cblr-2952	334	18	estimated	estimate	VERB
cblr-2952	334	19	high	high	ADJ
cblr-2952	334	20	alpha	alpha	NOUN
cblr-2952	334	21	of	of	ADP
cblr-2952	334	22	approximately	approximately	ADV
cblr-2952	334	23	three	three	NUM
cblr-2952	334	24	percent	percent	NOUN
cblr-2952	334	25	,	,	PUNCT
cblr-2952	334	26	albeit	albeit	SCONJ
cblr-2952	334	27	with	with	ADP
cblr-2952	334	28	the	the	DET
cblr-2952	334	29	same	same	ADJ
cblr-2952	334	30	caveats	caveat	NOUN
cblr-2952	334	31	about	about	ADP
cblr-2952	334	32	the	the	DET
cblr-2952	334	33	quality	quality	NOUN
cblr-2952	334	34	of	of	ADP
cblr-2952	334	35	the	the	DET
cblr-2952	334	36	data	datum	NOUN
cblr-2952	334	37	.	.	PUNCT
cblr-2952	334	38	"	"	PUNCT
cblr-2952	335	1	this	this	PRON
cblr-2952	335	2	is	be	AUX
cblr-2952	335	3	likely	likely	ADJ
cblr-2952	335	4	a	a	DET
cblr-2952	335	5	strong	strong	ADJ
cblr-2952	335	6	reason	reason	NOUN
cblr-2952	335	7	for	for	ADP
cblr-2952	335	8	the	the	DET
cblr-2952	335	9	success	success	NOUN
cblr-2952	335	10	of	of	ADP
cblr-2952	335	11	hedge	hedge	NOUN
cblr-2952	335	12	funds	fund	NOUN
cblr-2952	335	13	,	,	PUNCT
cblr-2952	335	14	their	their	PRON
cblr-2952	335	15	demonstrated	demonstrate	VERB
cblr-2952	335	16	ability	ability	NOUN
cblr-2952	335	17	to	to	PART
cblr-2952	335	18	provide	provide	VERB
cblr-2952	335	19	positive	positive	ADJ
cblr-2952	335	20	risk	risk	NOUN
cblr-2952	335	21	-	-	PUNCT
cblr-2952	335	22	adjusted	adjust	VERB
cblr-2952	335	23	returns	return	NOUN
cblr-2952	335	24	over	over	ADP
cblr-2952	335	25	time	time	NOUN
cblr-2952	335	26	,	,	PUNCT
cblr-2952	335	27	and	and	CCONJ
cblr-2952	335	28	the	the	DET
cblr-2952	335	29	increasing	increase	VERB
cblr-2952	335	30	amount	amount	NOUN
cblr-2952	335	31	of	of	ADP
cblr-2952	335	32	capital	capital	NOUN
cblr-2952	335	33	this	this	PRON
cblr-2952	335	34	has	have	AUX
cblr-2952	335	35	attracted	attract	VERB
cblr-2952	335	36	.	.	PUNCT
cblr-2952	336	1	moreover	moreover	ADV
cblr-2952	336	2	,	,	PUNCT
cblr-2952	336	3	many	many	ADJ
cblr-2952	336	4	hedge	hedge	NOUN
cblr-2952	336	5	funds	fund	NOUN
cblr-2952	336	6	have	have	VERB
cblr-2952	336	7	strong	strong	ADJ
cblr-2952	336	8	diversification	diversification	NOUN
cblr-2952	336	9	properties	property	NOUN
cblr-2952	336	10	due	due	ADJ
cblr-2952	336	11	to	to	ADP
cblr-2952	336	12	their	their	PRON
cblr-2952	336	13	low	low	ADJ
cblr-2952	336	14	correlation	correlation	NOUN
cblr-2952	336	15	with	with	ADP
cblr-2952	336	16	the	the	DET
cblr-2952	336	17	u.s	u.s	PROPN
cblr-2952	336	18	.	.	PROPN
cblr-2952	336	19	equity	equity	NOUN
cblr-2952	336	20	market	market	NOUN
cblr-2952	336	21	and	and	CCONJ
cblr-2952	336	22	other	other	ADJ
cblr-2952	336	23	market	market	NOUN
cblr-2952	336	24	benchmarks.7	benchmarks.7	NOUN
cblr-2952	336	25	this	this	PRON
cblr-2952	336	26	is	be	AUX
cblr-2952	336	27	aptly	aptly	ADV
cblr-2952	336	28	illustrated	illustrate	VERB
cblr-2952	336	29	by	by	ADP
cblr-2952	336	30	the	the	DET
cblr-2952	336	31	ance	ance	NOUN
cblr-2952	336	32	but	but	CCONJ
cblr-2952	336	33	that	that	SCONJ
cblr-2952	336	34	alpha	alpha	NOUN
cblr-2952	336	35	funds	fund	NOUN
cblr-2952	336	36	have	have	VERB
cblr-2952	336	37	a	a	DET
cblr-2952	336	38	higher	high	ADJ
cblr-2952	336	39	probability	probability	NOUN
cblr-2952	336	40	of	of	ADP
cblr-2952	336	41	remaining	remain	VERB
cblr-2952	336	42	alpha	alpha	ADJ
cblr-2952	336	43	funds	fund	NOUN
cblr-2952	336	44	)	)	PUNCT
cblr-2952	336	45	;	;	PUNCT
cblr-2952	336	46	ibbotson	ibbotson	PROPN
cblr-2952	336	47	&	&	CCONJ
cblr-2952	336	48	chen	chen	PROPN
cblr-2952	336	49	,	,	PUNCT
cblr-2952	336	50	supra	supra	PROPN
cblr-2952	336	51	note	note	PROPN
cblr-2952	336	52	68	68	NUM
cblr-2952	336	53	,	,	PUNCT
cblr-2952	336	54	at	at	ADP
cblr-2952	336	55	9	9	NUM
cblr-2952	336	56	(	(	PUNCT
cblr-2952	336	57	finding	find	VERB
cblr-2952	336	58	significant	significant	ADJ
cblr-2952	336	59	,	,	PUNCT
cblr-2952	336	60	positive	positive	ADJ
cblr-2952	336	61	alpha	alpha	NOUN
cblr-2952	336	62	in	in	ADP
cblr-2952	336	63	a	a	DET
cblr-2952	336	64	sample	sample	NOUN
cblr-2952	336	65	of	of	ADP
cblr-2952	336	66	3500	3500	NUM
cblr-2952	336	67	hedge	hedge	NOUN
cblr-2952	336	68	funds	fund	NOUN
cblr-2952	336	69	)	)	PUNCT
cblr-2952	336	70	.	.	PUNCT
cblr-2952	337	1	"	"	PUNCT
cblr-2952	337	2	for	for	ADP
cblr-2952	337	3	example	example	NOUN
cblr-2952	337	4	,	,	PUNCT
cblr-2952	337	5	the	the	DET
cblr-2952	337	6	primary	primary	ADJ
cblr-2952	337	7	fund	fund	NOUN
cblr-2952	337	8	of	of	ADP
cblr-2952	337	9	och	och	PROPN
cblr-2952	337	10	-	-	PUNCT
cblr-2952	337	11	ziff	ziff	NOUN
cblr-2952	337	12	capital	capital	PROPN
cblr-2952	337	13	management	management	PROPN
cblr-2952	337	14	group	group	PROPN
cblr-2952	337	15	llc	llc	PROPN
cblr-2952	337	16	,	,	PUNCT
cblr-2952	337	17	oz	oz	PROPN
cblr-2952	337	18	master	master	PROPN
cblr-2952	337	19	fund	fund	PROPN
cblr-2952	337	20	ltd	ltd	PROPN
cblr-2952	337	21	.	.	PROPN
cblr-2952	337	22	,	,	PUNCT
cblr-2952	337	23	which	which	PRON
cblr-2952	337	24	had	have	VERB
cblr-2952	337	25	approximately	approximately	ADV
cblr-2952	337	26	$	$	SYM
cblr-2952	337	27	17.6	17.6	NUM
cblr-2952	337	28	billion	billion	NUM
cblr-2952	337	29	in	in	ADP
cblr-2952	337	30	assets	asset	NOUN
cblr-2952	337	31	under	under	ADP
cblr-2952	337	32	management	management	NOUN
cblr-2952	337	33	as	as	ADP
cblr-2952	337	34	of	of	ADP
cblr-2952	337	35	april	april	PROPN
cblr-2952	337	36	30	30	NUM
cblr-2952	337	37	,	,	PUNCT
cblr-2952	337	38	2007	2007	NUM
cblr-2952	337	39	,	,	PUNCT
cblr-2952	337	40	returned	return	VERB
cblr-2952	337	41	12.2	12.2	NUM
cblr-2952	337	42	%	%	NOUN
cblr-2952	337	43	net	net	NOUN
cblr-2952	337	44	of	of	ADP
cblr-2952	337	45	fees	fee	NOUN
cblr-2952	337	46	in	in	ADP
cblr-2952	337	47	a	a	DET
cblr-2952	337	48	recent	recent	ADJ
cblr-2952	337	49	five	five	NUM
cblr-2952	337	50	-	-	PUNCT
cblr-2952	337	51	year	year	NOUN
cblr-2952	337	52	period	period	NOUN
cblr-2952	337	53	compared	compare	VERB
cblr-2952	337	54	with	with	ADP
cblr-2952	337	55	8.5	8.5	NUM
cblr-2952	337	56	%	%	NOUN
cblr-2952	337	57	for	for	ADP
cblr-2952	337	58	the	the	DET
cblr-2952	337	59	s&p	s&p	PROPN
cblr-2952	337	60	500	500	NUM
cblr-2952	337	61	,	,	PUNCT
cblr-2952	337	62	and	and	CCONJ
cblr-2952	337	63	in	in	ADP
cblr-2952	337	64	the	the	DET
cblr-2952	337	65	approximate	approximate	ADJ
cblr-2952	337	66	thirteen	thirteen	NUM
cblr-2952	337	67	-	-	PUNCT
cblr-2952	337	68	year	year	NOUN
cblr-2952	337	69	lifetime	lifetime	NOUN
cblr-2952	337	70	of	of	ADP
cblr-2952	337	71	the	the	DET
cblr-2952	337	72	fund	fund	NOUN
cblr-2952	337	73	has	have	AUX
cblr-2952	337	74	returned	return	VERB
cblr-2952	337	75	seventeen	seventeen	NUM
cblr-2952	337	76	percent	percent	NOUN
cblr-2952	337	77	compared	compare	VERB
cblr-2952	337	78	to	to	ADP
cblr-2952	337	79	11.5	11.5	NUM
cblr-2952	337	80	%	%	NOUN
cblr-2952	337	81	for	for	ADP
cblr-2952	337	82	the	the	DET
cblr-2952	337	83	s&p	s&p	PROPN
cblr-2952	337	84	500	500	NUM
cblr-2952	337	85	during	during	ADP
cblr-2952	337	86	the	the	DET
cblr-2952	337	87	same	same	ADJ
cblr-2952	337	88	time	time	NOUN
cblr-2952	337	89	period	period	NOUN
cblr-2952	337	90	.	.	PUNCT
cblr-2952	338	1	och	och	PROPN
cblr-2952	338	2	-	-	PUNCT
cblr-2952	338	3	ziff	ziff	NOUN
cblr-2952	338	4	registration	registration	NOUN
cblr-2952	338	5	statement	statement	NOUN
cblr-2952	338	6	,	,	PUNCT
cblr-2952	338	7	supra	supra	PROPN
cblr-2952	338	8	note	note	PROPN
cblr-2952	338	9	62	62	NUM
cblr-2952	338	10	,	,	PUNCT
cblr-2952	338	11	at	at	ADP
cblr-2952	338	12	6	6	NUM
cblr-2952	338	13	.	.	SYM
cblr-2952	338	14	76	76	NUM
cblr-2952	338	15	ibbotson	ibbotson	PROPN
cblr-2952	338	16	&	&	CCONJ
cblr-2952	338	17	chen	chen	PROPN
cblr-2952	338	18	,	,	PUNCT
cblr-2952	338	19	supra	supra	PROPN
cblr-2952	338	20	note	note	PROPN
cblr-2952	338	21	68	68	NUM
cblr-2952	338	22	,	,	PUNCT
cblr-2952	338	23	at	at	ADP
cblr-2952	338	24	17	17	NUM
cblr-2952	338	25	;	;	PUNCT
cblr-2952	338	26	see	see	VERB
cblr-2952	338	27	also	also	ADV
cblr-2952	338	28	daniel	daniel	PROPN
cblr-2952	338	29	capocci	capocci	PROPN
cblr-2952	338	30	&	&	CCONJ
cblr-2952	338	31	georges	georges	PROPN
cblr-2952	338	32	hibner	hibner	NOUN
cblr-2952	338	33	,	,	PUNCT
cblr-2952	338	34	analysis	analysis	NOUN
cblr-2952	338	35	of	of	ADP
cblr-2952	338	36	hedge	hedge	NOUN
cblr-2952	338	37	fund	fund	NOUN
cblr-2952	338	38	performance	performance	NOUN
cblr-2952	338	39	,	,	PUNCT
cblr-2952	338	40	11	11	NUM
cblr-2952	338	41	j.	j.	PROPN
cblr-2952	338	42	empirical	empirical	ADJ
cblr-2952	338	43	fin	fin	NOUN
cblr-2952	338	44	.	.	PUNCT
cblr-2952	339	1	55	55	NUM
cblr-2952	339	2	(	(	PUNCT
cblr-2952	339	3	2004	2004	NUM
cblr-2952	339	4	)	)	PUNCT
cblr-2952	339	5	;	;	PUNCT
cblr-2952	339	6	fung	fung	PROPN
cblr-2952	339	7	et	et	PROPN
cblr-2952	339	8	al	al	PROPN
cblr-2952	339	9	.	.	PROPN
cblr-2952	339	10	,	,	PUNCT
cblr-2952	339	11	supra	supra	PROPN
cblr-2952	339	12	note	note	NOUN
cblr-2952	339	13	74	74	NUM
cblr-2952	339	14	,	,	PUNCT
cblr-2952	339	15	at	at	ADP
cblr-2952	339	16	3	3	NUM
cblr-2952	339	17	;	;	PUNCT
cblr-2952	339	18	narayan	narayan	PROPN
cblr-2952	339	19	kosowski	kosowski	PROPN
cblr-2952	339	20	et	et	PROPN
cblr-2952	339	21	al	al	PROPN
cblr-2952	339	22	.	.	PROPN
cblr-2952	339	23	,	,	PUNCT
cblr-2952	339	24	do	do	AUX
cblr-2952	339	25	hedge	hedge	NOUN
cblr-2952	339	26	funds	fund	NOUN
cblr-2952	339	27	deliver	deliver	VERB
cblr-2952	339	28	alpha	alpha	NOUN
cblr-2952	339	29	?	?	PUNCT
cblr-2952	340	1	a	a	DET
cblr-2952	340	2	bayesian	bayesian	NOUN
cblr-2952	340	3	and	and	CCONJ
cblr-2952	340	4	bootstrap	bootstrap	NOUN
cblr-2952	340	5	analysis	analysis	NOUN
cblr-2952	340	6	,	,	PUNCT
cblr-2952	340	7	84	84	NUM
cblr-2952	340	8	j.	j.	PROPN
cblr-2952	340	9	fin	fin	PROPN
cblr-2952	340	10	.	.	PUNCT
cblr-2952	340	11	econ	econ	PROPN
cblr-2952	340	12	.	.	PUNCT
cblr-2952	341	1	229	229	NUM
cblr-2952	341	2	(	(	PUNCT
cblr-2952	341	3	2007	2007	NUM
cblr-2952	341	4	)	)	PUNCT
cblr-2952	341	5	.	.	PUNCT
cblr-2952	342	1	but	but	CCONJ
cblr-2952	342	2	see	see	VERB
cblr-2952	342	3	henry	henry	PROPN
cblr-2952	342	4	m.	m.	PROPN
cblr-2952	342	5	kat	kat	PROPN
cblr-2952	342	6	&	&	CCONJ
cblr-2952	342	7	joelle	joelle	PROPN
cblr-2952	342	8	miffre	miffre	PROPN
cblr-2952	342	9	,	,	PUNCT
cblr-2952	342	10	the	the	DET
cblr-2952	342	11	impact	impact	NOUN
cblr-2952	342	12	of	of	ADP
cblr-2952	342	13	non	non	ADJ
cblr-2952	342	14	-	-	ADJ
cblr-2952	342	15	normality	normality	ADJ
cblr-2952	342	16	risks	risk	NOUN
cblr-2952	342	17	and	and	CCONJ
cblr-2952	342	18	tactical	tactical	ADJ
cblr-2952	342	19	trading	trading	NOUN
cblr-2952	342	20	on	on	ADP
cblr-2952	342	21	hedge	hedge	NOUN
cblr-2952	342	22	fund	fund	NOUN
cblr-2952	342	23	alphas	alpha	NOUN
cblr-2952	342	24	(	(	PUNCT
cblr-2952	342	25	may	may	PROPN
cblr-2952	342	26	24	24	NUM
cblr-2952	342	27	,	,	PUNCT
cblr-2952	342	28	2006	2006	NUM
cblr-2952	342	29	)	)	PUNCT
cblr-2952	342	30	(	(	PUNCT
cblr-2952	342	31	analyzing	analyze	VERB
cblr-2952	342	32	prior	prior	ADJ
cblr-2952	342	33	studies	study	NOUN
cblr-2952	342	34	of	of	ADP
cblr-2952	342	35	hedge	hedge	NOUN
cblr-2952	342	36	fund	fund	NOUN
cblr-2952	342	37	performance	performance	NOUN
cblr-2952	342	38	and	and	CCONJ
cblr-2952	342	39	finding	find	VERB
cblr-2952	342	40	that	that	SCONJ
cblr-2952	342	41	they	they	PRON
cblr-2952	342	42	overstate	overstate	VERB
cblr-2952	342	43	hedge	hedge	NOUN
cblr-2952	342	44	fund	fund	NOUN
cblr-2952	342	45	alpha	alpha	NOUN
cblr-2952	342	46	on	on	ADP
cblr-2952	342	47	average	average	ADJ
cblr-2952	342	48	by	by	ADP
cblr-2952	342	49	1.54	1.54	NUM
cblr-2952	342	50	%	%	NOUN
cblr-2952	342	51	)	)	PUNCT
cblr-2952	342	52	,	,	PUNCT
cblr-2952	342	53	available	available	ADJ
cblr-2952	342	54	at	at	ADP
cblr-2952	342	55	http://papers.ssrn.com/sol3/papers.cfm?abstractid=424368	http://papers.ssrn.com/sol3/papers.cfm?abstractid=424368	PROPN
cblr-2952	342	56	.	.	PUNCT
cblr-2952	343	1	"	"	PUNCT
cblr-2952	343	2	'	'	PUNCT
cblr-2952	343	3	see	see	VERB
cblr-2952	343	4	jean	jean	PROPN
cblr-2952	343	5	-	-	PUNCT
cblr-2952	343	6	francois	francois	PROPN
cblr-2952	343	7	&	&	CCONJ
cblr-2952	343	8	gregor	gregor	PROPN
cblr-2952	343	9	gawron	gawron	PROPN
cblr-2952	343	10	,	,	PUNCT
cblr-2952	343	11	fat	fat	ADJ
cblr-2952	343	12	-	-	PUNCT
cblr-2952	343	13	tail	tail	NOUN
cblr-2952	343	14	risk	risk	NOUN
cblr-2952	343	15	in	in	ADP
cblr-2952	343	16	portfolio	portfolio	NOUN
cblr-2952	343	17	of	of	ADP
cblr-2952	343	18	hedge	hedge	NOUN
cblr-2952	343	19	funds	fund	NOUN
cblr-2952	343	20	and	and	CCONJ
cblr-2952	343	21	traditional	traditional	ADJ
cblr-2952	343	22	investment	investment	NOUN
cblr-2952	343	23	,	,	PUNCT
cblr-2952	343	24	in	in	ADP
cblr-2952	343	25	hedge	hedge	NOUN
cblr-2952	343	26	funds	fund	NOUN
cblr-2952	343	27	:	:	PUNCT
cblr-2952	343	28	insights	insight	NOUN
cblr-2952	343	29	in	in	ADP
cblr-2952	343	30	performance	performance	NOUN
cblr-2952	343	31	measurement	measurement	NOUN
cblr-2952	343	32	,	,	PUNCT
cblr-2952	343	33	risk	risk	VERB
cblr-2952	343	34	analysis	analysis	NOUN
cblr-2952	343	35	and	and	CCONJ
cblr-2952	343	36	portfolio	portfolio	NOUN
cblr-2952	343	37	allocation	allocation	NOUN
cblr-2952	343	38	491	491	NUM
cblr-2952	343	39	(	(	PUNCT
cblr-2952	343	40	greg	greg	PROPN
cblr-2952	343	41	n.	n.	PROPN
cblr-2952	343	42	gregoriou	gregoriou	PROPN
cblr-2952	343	43	et	et	PROPN
cblr-2952	343	44	al	al	PROPN
cblr-2952	343	45	.	.	PROPN
cblr-2952	343	46	,	,	PUNCT
cblr-2952	343	47	eds	eds	PROPN
cblr-2952	343	48	.	.	PROPN
cblr-2952	343	49	,	,	PUNCT
cblr-2952	343	50	2005	2005	NUM
cblr-2952	343	51	)	)	PUNCT
cblr-2952	343	52	;	;	PUNCT
cblr-2952	343	53	william	william	PROPN
cblr-2952	343	54	k.h	k.h	PROPN
cblr-2952	343	55	.	.	PROPN
cblr-2952	343	56	fung	fung	PROPN
cblr-2952	343	57	&	&	CCONJ
cblr-2952	343	58	david	david	PROPN
cblr-2952	343	59	hsieh	hsieh	PROPN
cblr-2952	343	60	,	,	PUNCT
cblr-2952	343	61	hedge	hedge	NOUN
cblr-2952	343	62	funds	fund	NOUN
cblr-2952	343	63	:	:	PUNCT
cblr-2952	343	64	an	an	DET
cblr-2952	343	65	industry	industry	NOUN
cblr-2952	343	66	in	in	ADP
cblr-2952	343	67	adolescence	adolescence	NOUN
cblr-2952	343	68	,	,	PUNCT
cblr-2952	343	69	fed	fed	PROPN
cblr-2952	343	70	.	.	PROPN
cblr-2952	343	71	reserve	reserve	PROPN
cblr-2952	343	72	bank	bank	PROPN
cblr-2952	343	73	of	of	ADP
cblr-2952	343	74	atlanta	atlanta	PROPN
cblr-2952	343	75	econ	econ	PROPN
cblr-2952	343	76	.	.	PUNCT
cblr-2952	344	1	rev	rev	PROPN
cblr-2952	344	2	.	.	PROPN
cblr-2952	344	3	,	,	PUNCT
cblr-2952	344	4	at	at	ADP
cblr-2952	344	5	7	7	NUM
cblr-2952	344	6	-	-	SYM
cblr-2952	344	7	8	8	NUM
cblr-2952	344	8	(	(	PUNCT
cblr-2952	344	9	2006	2006	NUM
cblr-2952	344	10	)	)	PUNCT
cblr-2952	344	11	;	;	PUNCT
cblr-2952	344	12	william	william	PROPN
cblr-2952	344	13	k.h	k.h	PROPN
cblr-2952	344	14	.	.	PROPN
cblr-2952	344	15	fung	fung	PROPN
cblr-2952	344	16	&	&	CCONJ
cblr-2952	344	17	david	david	PROPN
cblr-2952	344	18	hsieh	hsieh	PROPN
cblr-2952	344	19	,	,	PUNCT
cblr-2952	344	20	empirical	empirical	ADJ
cblr-2952	344	21	characteristics	characteristic	NOUN
cblr-2952	344	22	of	of	ADP
cblr-2952	344	23	dynamic	dynamic	ADJ
cblr-2952	344	24	trading	trading	NOUN
cblr-2952	344	25	strategies	strategy	NOUN
cblr-2952	344	26	:	:	PUNCT
cblr-2952	344	27	the	the	DET
cblr-2952	344	28	case	case	NOUN
cblr-2952	344	29	of	of	ADP
cblr-2952	344	30	hedge	hedge	NOUN
cblr-2952	344	31	funds	fund	NOUN
cblr-2952	344	32	,	,	PUNCT
cblr-2952	344	33	10	10	NUM
cblr-2952	344	34	rev	rev	X
cblr-2952	344	35	.	.	PROPN
cblr-2952	344	36	of	of	ADP
cblr-2952	344	37	fin	fin	NOUN
cblr-2952	344	38	.	.	PUNCT
cblr-2952	345	1	studies	study	NOUN
cblr-2952	345	2	279	279	NUM
cblr-2952	345	3	-	-	SYM
cblr-2952	345	4	82	82	NUM
cblr-2952	345	5	(	(	PUNCT
cblr-2952	345	6	1997	1997	NUM
cblr-2952	345	7	)	)	PUNCT
cblr-2952	345	8	;	;	PUNCT
cblr-2952	345	9	see	see	VERB
cblr-2952	345	10	generally	generally	ADV
cblr-2952	345	11	houman	houman	PROPN
cblr-2952	345	12	b.	b.	PROPN
cblr-2952	345	13	shadab	shadab	PROPN
cblr-2952	345	14	,	,	PUNCT
cblr-2952	345	15	public	public	ADJ
cblr-2952	345	16	interest	interest	NOUN
cblr-2952	345	17	comment	comment	NOUN
cblr-2952	345	18	on	on	ADP
cblr-2952	345	19	hedge	hedge	NOUN
cblr-2952	345	20	fund	fund	NOUN
cblr-2952	345	21	investor	investor	NOUN
cblr-2952	345	22	qualifications	qualification	NOUN
cblr-2952	345	23	the	the	DET
cblr-2952	345	24	definition	definition	NOUN
cblr-2952	345	25	of	of	ADP
cblr-2952	345	26	accredited	accredited	ADJ
cblr-2952	345	27	investor	investor	NOUN
cblr-2952	345	28	in	in	ADP
cblr-2952	345	29	certain	certain	ADJ
cblr-2952	345	30	private	private	ADJ
cblr-2952	345	31	investment	investment	NOUN
cblr-2952	345	32	vehicles	vehicle	NOUN
cblr-2952	345	33	,	,	PUNCT
cblr-2952	345	34	8	8	NUM
cblr-2952	345	35	-	-	SYM
cblr-2952	345	36	13	13	NUM
cblr-2952	345	37	(	(	PUNCT
cblr-2952	345	38	march	march	PROPN
cblr-2952	345	39	9	9	NUM
cblr-2952	345	40	,	,	PUNCT
cblr-2952	345	41	2007	2007	NUM
cblr-2952	345	42	)	)	PUNCT
cblr-2952	345	43	,	,	PUNCT
cblr-2952	345	44	available	available	ADJ
cblr-2952	345	45	at	at	ADP
cblr-2952	345	46	http://ssrn.com/abstract=980751	http://ssrn.com/abstract=980751	PROPN
cblr-2952	345	47	(	(	PUNCT
cblr-2952	345	48	reviewing	review	VERB
cblr-2952	345	49	the	the	DET
cblr-2952	345	50	academic	academic	ADJ
cblr-2952	345	51	literature	literature	NOUN
cblr-2952	345	52	with	with	ADP
cblr-2952	345	53	[	[	X
cblr-2952	345	54	vol	vol	NOUN
cblr-2952	345	55	.	.	PUNCT
cblr-2952	346	1	2008col	2008col	NUM
cblr-2952	346	2	umbia	umbia	NOUN
cblr-2952	346	3	b	b	PROPN
cblr-2952	346	4	usiness	usiness	NOUN
cblr-2952	346	5	l4aw	l4aw	PUNCT
cblr-2952	346	6	re	re	X
cblr-2952	346	7	vie	vie	PROPN
cblr-2952	346	8	w	w	PROPN
cblr-2952	346	9	black	black	ADJ
cblr-2952	346	10	market	market	NOUN
cblr-2952	346	11	capital	capital	NOUN
cblr-2952	346	12	following	follow	VERB
cblr-2952	346	13	chart	chart	NOUN
cblr-2952	346	14	which	which	PRON
cblr-2952	346	15	compares	compare	VERB
cblr-2952	346	16	the	the	DET
cblr-2952	346	17	performance	performance	NOUN
cblr-2952	346	18	of	of	ADP
cblr-2952	346	19	the	the	DET
cblr-2952	346	20	s&p	s&p	PROPN
cblr-2952	346	21	500	500	NUM
cblr-2952	346	22	to	to	ADP
cblr-2952	346	23	the	the	DET
cblr-2952	346	24	credit	credit	NOUN
cblr-2952	346	25	suisse	suisse	PROPN
cblr-2952	346	26	/	/	SYM
cblr-2952	346	27	tremont	tremont	PROPN
cblr-2952	346	28	index	index	NOUN
cblr-2952	346	29	for	for	ADP
cblr-2952	346	30	the	the	DET
cblr-2952	346	31	period	period	NOUN
cblr-2952	346	32	from	from	ADP
cblr-2952	346	33	1994	1994	NUM
cblr-2952	346	34	to	to	ADP
cblr-2952	346	35	2007	2007	NUM
cblr-2952	346	36	:	:	PUNCT
cblr-2952	346	37	chart	chart	PROPN
cblr-2952	346	38	1d	1d	NUM
cblr-2952	346	39	s&p	s&p	PROPN
cblr-2952	346	40	500	500	NUM
cblr-2952	346	41	%	%	NOUN
cblr-2952	346	42	s.	s.	PROPN
cblr-2952	346	43	credit	credit	PROPN
cblr-2952	346	44	suisse	suisse	PROPN
cblr-2952	346	45	/	/	SYM
cblr-2952	346	46	tremont	tremont	PROPN
cblr-2952	346	47	hedge	hedge	PROPN
cblr-2952	346	48	fund	fund	PROPN
cblr-2952	346	49	index	index	NOUN
cblr-2952	346	50	performance	performance	NOUN
cblr-2952	346	51	40/6	40/6	NOUN
cblr-2952	347	1	r-30	r-30	NOUN
cblr-2952	347	2	%	%	NOUN
cblr-2952	347	3	u	u	NOUN
cblr-2952	347	4	20	20	NUM
cblr-2952	347	5	%	%	NOUN
cblr-2952	347	6	20	20	NUM
cblr-2952	347	7	%	%	NOUN
cblr-2952	347	8	(	(	PUNCT
cblr-2952	347	9	10	10	NUM
cblr-2952	347	10	/	/	SYM
cblr-2952	347	11	o-10%/	o-10%/	NUM
cblr-2952	347	12	_	_	NOUN
cblr-2952	347	13	20	20	NUM
cblr-2952	347	14	/	/	SYM
cblr-2952	347	15	o	o	NOUN
cblr-2952	347	16	-300/0	-300/0	NUM
cblr-2952	347	17	1994	1994	NUM
cblr-2952	347	18	1996	1996	NUM
cblr-2952	347	19	1998	1998	NUM
cblr-2952	347	20	2000	2000	NUM
cblr-2952	347	21	2002	2002	NUM
cblr-2952	347	22	2004	2004	NUM
cblr-2952	347	23	2006	2006	NUM
cblr-2952	347	24	-s&p	-s&p	PROPN
cblr-2952	347	25	500	500	NUM
cblr-2952	347	26	credit	credit	NOUN
cblr-2952	347	27	suisse	suisse	PROPN
cblr-2952	347	28	/	/	SYM
cblr-2952	347	29	tremont	tremont	PROPN
cblr-2952	347	30	hedge	hedge	PROPN
cblr-2952	347	31	fund	fund	PROPN
cblr-2952	347	32	index	index	PROPN
cblr-2952	347	33	]	]	PUNCT
cblr-2952	347	34	source	source	NOUN
cblr-2952	347	35	:	:	PUNCT
cblr-2952	347	36	bloomberg	bloomberg	PROPN
cblr-2952	347	37	chart	chart	PROPN
cblr-2952	347	38	1d	1d	NUM
cblr-2952	347	39	shows	show	VERB
cblr-2952	347	40	the	the	DET
cblr-2952	347	41	low	low	ADJ
cblr-2952	347	42	co	co	NOUN
cblr-2952	347	43	-	-	NOUN
cblr-2952	347	44	movement	movement	NOUN
cblr-2952	347	45	of	of	ADP
cblr-2952	347	46	the	the	DET
cblr-2952	347	47	two	two	NUM
cblr-2952	347	48	indexes	index	NOUN
cblr-2952	347	49	and	and	CCONJ
cblr-2952	347	50	the	the	DET
cblr-2952	347	51	diversification	diversification	NOUN
cblr-2952	347	52	that	that	PRON
cblr-2952	347	53	hedge	hedge	NOUN
cblr-2952	347	54	funds	fund	NOUN
cblr-2952	347	55	can	can	AUX
cblr-2952	347	56	provide	provide	VERB
cblr-2952	347	57	against	against	ADP
cblr-2952	347	58	market	market	NOUN
cblr-2952	347	59	-	-	PUNCT
cblr-2952	347	60	wide	wide	ADJ
cblr-2952	347	61	down	down	ADJ
cblr-2952	347	62	-	-	PUNCT
cblr-2952	347	63	turns	turn	NOUN
cblr-2952	347	64	;	;	PUNCT
cblr-2952	347	65	indeed	indeed	ADV
cblr-2952	347	66	the	the	DET
cblr-2952	347	67	two	two	NUM
cblr-2952	347	68	indexes	index	NOUN
cblr-2952	347	69	have	have	AUX
cblr-2952	347	70	historically	historically	ADV
cblr-2952	347	71	had	have	VERB
cblr-2952	347	72	counter	counter	ADJ
cblr-2952	347	73	-	-	ADJ
cblr-2952	347	74	cyclical	cyclical	ADJ
cblr-2952	347	75	tendencies	tendency	NOUN
cblr-2952	347	76	.	.	PUNCT
cblr-2952	348	1	moreover	moreover	ADV
cblr-2952	348	2	,	,	PUNCT
cblr-2952	348	3	the	the	DET
cblr-2952	348	4	multitude	multitude	NOUN
cblr-2952	348	5	of	of	ADP
cblr-2952	348	6	different	different	ADJ
cblr-2952	348	7	hedge	hedge	NOUN
cblr-2952	348	8	fund	fund	NOUN
cblr-2952	348	9	strategies	strategy	NOUN
cblr-2952	348	10	provides	provide	VERB
cblr-2952	348	11	investors	investor	NOUN
cblr-2952	348	12	with	with	ADP
cblr-2952	348	13	a	a	DET
cblr-2952	348	14	menu	menu	NOUN
cblr-2952	348	15	of	of	ADP
cblr-2952	348	16	options	option	NOUN
cblr-2952	348	17	for	for	ADP
cblr-2952	348	18	further	further	ADJ
cblr-2952	348	19	diversification	diversification	NOUN
cblr-2952	348	20	as	as	ADV
cblr-2952	348	21	well	well	ADV
cblr-2952	348	22	as	as	ADP
cblr-2952	348	23	risk	risk	NOUN
cblr-2952	348	24	-	-	PUNCT
cblr-2952	348	25	management	management	NOUN
cblr-2952	348	26	.	.	PUNCT
cblr-2952	349	1	8	8	NUM
cblr-2952	349	2	for	for	ADP
cblr-2952	349	3	example	example	NOUN
cblr-2952	349	4	,	,	PUNCT
cblr-2952	349	5	a	a	DET
cblr-2952	349	6	hedge	hedge	NOUN
cblr-2952	349	7	fund	fund	NOUN
cblr-2952	349	8	can	can	AUX
cblr-2952	349	9	itself	itself	PRON
cblr-2952	349	10	respect	respect	VERB
cblr-2952	349	11	to	to	ADP
cblr-2952	349	12	the	the	DET
cblr-2952	349	13	correlation	correlation	NOUN
cblr-2952	349	14	between	between	ADP
cblr-2952	349	15	hedge	hedge	NOUN
cblr-2952	349	16	funds	fund	NOUN
cblr-2952	349	17	and	and	CCONJ
cblr-2952	349	18	equity	equity	NOUN
cblr-2952	349	19	markets	market	NOUN
cblr-2952	349	20	)	)	PUNCT
cblr-2952	349	21	.	.	PUNCT
cblr-2952	350	1	but	but	CCONJ
cblr-2952	350	2	see	see	VERB
cblr-2952	350	3	chris	chris	PROPN
cblr-2952	350	4	brooks	brooks	PROPN
cblr-2952	350	5	,	,	PUNCT
cblr-2952	350	6	&	&	CCONJ
cblr-2952	350	7	harry	harry	PROPN
cblr-2952	350	8	m.	m.	PROPN
cblr-2952	350	9	kat	kat	PROPN
cblr-2952	350	10	,	,	PUNCT
cblr-2952	350	11	the	the	DET
cblr-2952	350	12	statistical	statistical	ADJ
cblr-2952	350	13	properties	property	NOUN
cblr-2952	350	14	of	of	ADP
cblr-2952	350	15	hedge	hedge	NOUN
cblr-2952	350	16	fund	fund	NOUN
cblr-2952	350	17	index	index	NOUN
cblr-2952	350	18	returns	return	NOUN
cblr-2952	350	19	and	and	CCONJ
cblr-2952	350	20	their	their	PRON
cblr-2952	350	21	implications	implication	NOUN
cblr-2952	350	22	for	for	ADP
cblr-2952	350	23	investors	investor	NOUN
cblr-2952	350	24	,	,	PUNCT
cblr-2952	350	25	5	5	NUM
cblr-2952	350	26	j.	j.	PROPN
cblr-2952	350	27	alt	alt	PROPN
cblr-2952	350	28	.	.	PUNCT
cblr-2952	351	1	inv	inv	VERB
cblr-2952	351	2	.	.	PUNCT
cblr-2952	352	1	(	(	PUNCT
cblr-2952	352	2	2002	2002	NUM
cblr-2952	352	3	)	)	PUNCT
cblr-2952	352	4	(	(	PUNCT
cblr-2952	352	5	finding	find	VERB
cblr-2952	352	6	high	high	ADJ
cblr-2952	352	7	positive	positive	ADJ
cblr-2952	352	8	correlation	correlation	NOUN
cblr-2952	352	9	between	between	ADP
cblr-2952	352	10	hedge	hedge	NOUN
cblr-2952	352	11	fund	fund	NOUN
cblr-2952	352	12	indecies	indecie	NOUN
cblr-2952	352	13	and	and	CCONJ
cblr-2952	352	14	equity	equity	NOUN
cblr-2952	352	15	markets	market	NOUN
cblr-2952	352	16	)	)	PUNCT
cblr-2952	352	17	.	.	PUNCT
cblr-2952	353	1	hedge	hedge	NOUN
cblr-2952	353	2	fund	fund	NOUN
cblr-2952	353	3	returns	return	NOUN
cblr-2952	353	4	may	may	AUX
cblr-2952	353	5	be	be	AUX
cblr-2952	353	6	trending	trend	VERB
cblr-2952	353	7	down	down	ADP
cblr-2952	353	8	,	,	PUNCT
cblr-2952	353	9	though	though	ADV
cblr-2952	353	10	,	,	PUNCT
cblr-2952	353	11	as	as	SCONJ
cblr-2952	353	12	additional	additional	ADJ
cblr-2952	353	13	funds	fund	NOUN
cblr-2952	353	14	enter	enter	VERB
cblr-2952	353	15	the	the	DET
cblr-2952	353	16	market	market	NOUN
cblr-2952	353	17	.	.	PUNCT
cblr-2952	354	1	see	see	VERB
cblr-2952	354	2	robert	robert	PROPN
cblr-2952	354	3	whitelaw	whitelaw	PROPN
cblr-2952	354	4	&	&	CCONJ
cblr-2952	354	5	sujeet	sujeet	PROPN
cblr-2952	354	6	banerjee	banerjee	PROPN
cblr-2952	354	7	,	,	PUNCT
cblr-2952	354	8	hedge	hedge	NOUN
cblr-2952	354	9	funds	fund	NOUN
cblr-2952	354	10	for	for	ADP
cblr-2952	354	11	the	the	DET
cblr-2952	354	12	rest	rest	NOUN
cblr-2952	354	13	of	of	ADP
cblr-2952	354	14	us	we	PRON
cblr-2952	354	15	,	,	PUNCT
cblr-2952	354	16	j.	j.	PROPN
cblr-2952	354	17	indexes	indexes	PROPN
cblr-2952	354	18	(	(	PUNCT
cblr-2952	354	19	2007	2007	NUM
cblr-2952	354	20	)	)	PUNCT
cblr-2952	354	21	(	(	PUNCT
cblr-2952	354	22	"	"	PUNCT
cblr-2952	354	23	with	with	ADP
cblr-2952	354	24	a	a	DET
cblr-2952	354	25	huge	huge	ADJ
cblr-2952	354	26	increase	increase	NOUN
cblr-2952	354	27	in	in	ADP
cblr-2952	354	28	both	both	DET
cblr-2952	354	29	assets	asset	NOUN
cblr-2952	354	30	under	under	ADP
cblr-2952	354	31	management	management	NOUN
cblr-2952	354	32	and	and	CCONJ
cblr-2952	354	33	the	the	DET
cblr-2952	354	34	sheer	sheer	ADJ
cblr-2952	354	35	number	number	NOUN
cblr-2952	354	36	of	of	ADP
cblr-2952	354	37	funds	fund	NOUN
cblr-2952	354	38	,	,	PUNCT
cblr-2952	354	39	it	it	PRON
cblr-2952	354	40	is	be	AUX
cblr-2952	354	41	becoming	become	VERB
cblr-2952	354	42	increasingly	increasingly	ADV
cblr-2952	354	43	difficult	difficult	ADJ
cblr-2952	354	44	for	for	SCONJ
cblr-2952	354	45	hedge	hedge	NOUN
cblr-2952	354	46	funds	fund	NOUN
cblr-2952	354	47	to	to	PART
cblr-2952	354	48	realize	realize	VERB
cblr-2952	354	49	the	the	DET
cblr-2952	354	50	necessary	necessary	ADJ
cblr-2952	354	51	alpha	alpha	NOUN
cblr-2952	354	52	to	to	PART
cblr-2952	354	53	support	support	VERB
cblr-2952	354	54	their	their	PRON
cblr-2952	354	55	high	high	ADJ
cblr-2952	354	56	relative	relative	ADJ
cblr-2952	354	57	fee	fee	NOUN
cblr-2952	354	58	structure	structure	NOUN
cblr-2952	354	59	.	.	PUNCT
cblr-2952	355	1	"	"	PUNCT
cblr-2952	355	2	)	)	PUNCT
cblr-2952	355	3	.	.	PUNCT
cblr-2952	356	1	78	78	NUM
cblr-2952	356	2	for	for	ADP
cblr-2952	356	3	example	example	NOUN
cblr-2952	356	4	,	,	PUNCT
cblr-2952	356	5	the	the	DET
cblr-2952	356	6	credit	credit	NOUN
cblr-2952	356	7	suisse	suisse	PROPN
cblr-2952	356	8	/	/	SYM
cblr-2952	356	9	tremont	tremont	PROPN
cblr-2952	356	10	hedge	hedge	PROPN
cblr-2952	356	11	fund	fund	PROPN
cblr-2952	356	12	index	index	NOUN
cblr-2952	356	13	divides	divide	VERB
cblr-2952	356	14	funds	fund	NOUN
cblr-2952	356	15	into	into	ADP
cblr-2952	356	16	ten	ten	NUM
cblr-2952	356	17	primary	primary	ADJ
cblr-2952	356	18	subcategories	subcategorie	NOUN
cblr-2952	356	19	based	base	VERB
cblr-2952	356	20	on	on	ADP
cblr-2952	356	21	their	their	PRON
cblr-2952	356	22	investment	investment	NOUN
cblr-2952	356	23	strategy	strategy	NOUN
cblr-2952	356	24	.	.	PUNCT
cblr-2952	357	1	see	see	VERB
cblr-2952	357	2	credit	credit	NOUN
cblr-2952	357	3	suisse	suisse	PROPN
cblr-2952	357	4	/	/	SYM
cblr-2952	357	5	tremont	tremont	PROPN
cblr-2952	357	6	hedge	hedge	PROPN
cblr-2952	357	7	fund	fund	PROPN
cblr-2952	357	8	index	index	PROPN
cblr-2952	357	9	,	,	PUNCT
cblr-2952	357	10	monthly	monthly	ADJ
cblr-2952	357	11	performance	performance	NOUN
cblr-2952	357	12	overview	overview	NOUN
cblr-2952	357	13	,	,	PUNCT
cblr-2952	357	14	available	available	ADJ
cblr-2952	357	15	at	at	ADP
cblr-2952	357	16	http://www.hedgeindex.com/hedgeindex/endefault	http://www.hedgeindex.com/hedgeindex/endefault	PROPN
cblr-2952	357	17	.	.	PUNCT
cblr-2952	358	1	no	no	INTJ
cblr-2952	358	2	.	.	PUNCT
cblr-2952	359	1	1:172	1:172	NUM
cblr-2952	359	2	]	]	SYM
cblr-2952	359	3	198	198	NUM
cblr-2952	359	4	columbia	columbia	PROPN
cblr-2952	359	5	business	business	NOUN
cblr-2952	359	6	law	law	PROPN
cblr-2952	359	7	re	re	PROPN
cblr-2952	359	8	vie	vie	PROPN
cblr-2952	359	9	w	w	PROPN
cblr-2952	360	1	[	[	X
cblr-2952	360	2	vol	vol	NOUN
cblr-2952	360	3	.	.	NOUN
cblr-2952	360	4	2008	2008	NUM
cblr-2952	360	5	take	take	VERB
cblr-2952	360	6	hedging	hedging	NOUN
cblr-2952	360	7	positions	position	NOUN
cblr-2952	360	8	as	as	ADP
cblr-2952	360	9	part	part	NOUN
cblr-2952	360	10	of	of	ADP
cblr-2952	360	11	its	its	PRON
cblr-2952	360	12	investment	investment	NOUN
cblr-2952	360	13	strategy	strategy	NOUN
cblr-2952	360	14	,	,	PUNCT
cblr-2952	360	15	which	which	PRON
cblr-2952	360	16	an	an	DET
cblr-2952	360	17	individual	individual	ADJ
cblr-2952	360	18	investor	investor	NOUN
cblr-2952	360	19	might	might	AUX
cblr-2952	360	20	not	not	PART
cblr-2952	360	21	be	be	AUX
cblr-2952	360	22	able	able	ADJ
cblr-2952	360	23	to	to	PART
cblr-2952	360	24	do	do	VERB
cblr-2952	360	25	,	,	PUNCT
cblr-2952	360	26	thereby	thereby	ADV
cblr-2952	360	27	providing	provide	VERB
cblr-2952	360	28	the	the	DET
cblr-2952	360	29	investor	investor	NOUN
cblr-2952	360	30	with	with	ADP
cblr-2952	360	31	previously	previously	ADV
cblr-2952	360	32	unobtainable	unobtainable	ADJ
cblr-2952	360	33	riskadjusted	riskadjuste	VERB
cblr-2952	360	34	returns	return	NOUN
cblr-2952	360	35	in	in	ADP
cblr-2952	360	36	the	the	DET
cblr-2952	360	37	underlying	underlie	VERB
cblr-2952	360	38	investments	investment	NOUN
cblr-2952	360	39	.	.	PUNCT
cblr-2952	361	1	in	in	ADP
cblr-2952	361	2	addition	addition	NOUN
cblr-2952	361	3	,	,	PUNCT
cblr-2952	361	4	hedge	hedge	NOUN
cblr-2952	361	5	funds	fund	NOUN
cblr-2952	361	6	can	can	AUX
cblr-2952	361	7	relatively	relatively	ADV
cblr-2952	361	8	quickly	quickly	ADV
cblr-2952	361	9	alter	alter	VERB
cblr-2952	361	10	investment	investment	NOUN
cblr-2952	361	11	strategies	strategy	NOUN
cblr-2952	361	12	to	to	PART
cblr-2952	361	13	be	be	AUX
cblr-2952	361	14	strongly	strongly	ADV
cblr-2952	361	15	responsive	responsive	ADJ
cblr-2952	361	16	to	to	ADP
cblr-2952	361	17	market	market	NOUN
cblr-2952	361	18	forces	force	NOUN
cblr-2952	361	19	and	and	CCONJ
cblr-2952	361	20	opportunities	opportunity	NOUN
cblr-2952	361	21	.	.	PUNCT
cblr-2952	362	1	9	9	NUM
cblr-2952	362	2	finally	finally	ADV
cblr-2952	362	3	,	,	PUNCT
cblr-2952	362	4	hedge	hedge	NOUN
cblr-2952	362	5	funds	fund	NOUN
cblr-2952	362	6	allow	allow	VERB
cblr-2952	362	7	for	for	ADP
cblr-2952	362	8	dynamic	dynamic	ADJ
cblr-2952	362	9	market	market	NOUN
cblr-2952	362	10	investment	investment	NOUN
cblr-2952	362	11	.	.	PUNCT
cblr-2952	363	1	the	the	DET
cblr-2952	363	2	vast	vast	ADJ
cblr-2952	363	3	experience	experience	NOUN
cblr-2952	363	4	of	of	ADP
cblr-2952	363	5	hedge	hedge	NOUN
cblr-2952	363	6	fund	fund	NOUN
cblr-2952	363	7	managers	manager	NOUN
cblr-2952	363	8	and	and	CCONJ
cblr-2952	363	9	their	their	PRON
cblr-2952	363	10	strong	strong	ADJ
cblr-2952	363	11	incentive	incentive	NOUN
cblr-2952	363	12	-	-	PUNCT
cblr-2952	363	13	based	base	VERB
cblr-2952	363	14	fee	fee	NOUN
cblr-2952	363	15	system	system	NOUN
cblr-2952	363	16	,	,	PUNCT
cblr-2952	363	17	provide	provide	VERB
cblr-2952	363	18	desired	desire	VERB
cblr-2952	363	19	investment	investment	NOUN
cblr-2952	363	20	assistance	assistance	NOUN
cblr-2952	363	21	to	to	PART
cblr-2952	363	22	investors.0	investors.0	VERB
cblr-2952	363	23	this	this	DET
cblr-2952	363	24	desire	desire	NOUN
cblr-2952	363	25	partly	partly	ADV
cblr-2952	363	26	explains	explain	VERB
cblr-2952	363	27	the	the	DET
cblr-2952	363	28	rise	rise	NOUN
cblr-2952	363	29	of	of	ADP
cblr-2952	363	30	hedge	hedge	NOUN
cblr-2952	363	31	funds	fund	NOUN
cblr-2952	363	32	of	of	ADP
cblr-2952	363	33	funds	fund	NOUN
cblr-2952	363	34	-	-	PUNCT
cblr-2952	363	35	funds	fund	NOUN
cblr-2952	363	36	that	that	PRON
cblr-2952	363	37	invest	invest	VERB
cblr-2952	363	38	in	in	ADP
cblr-2952	363	39	multiple	multiple	ADJ
cblr-2952	363	40	hedge	hedge	NOUN
cblr-2952	363	41	funds	fund	NOUN
cblr-2952	363	42	thereby	thereby	ADV
cblr-2952	363	43	providing	provide	VERB
cblr-2952	363	44	investors	investor	NOUN
cblr-2952	363	45	technical	technical	ADJ
cblr-2952	363	46	expertise	expertise	NOUN
cblr-2952	363	47	in	in	ADP
cblr-2952	363	48	these	these	DET
cblr-2952	363	49	investments	investment	NOUN
cblr-2952	363	50	and	and	CCONJ
cblr-2952	363	51	unobtainable	unobtainable	ADJ
cblr-2952	363	52	access	access	NOUN
cblr-2952	363	53	to	to	ADP
cblr-2952	363	54	industry	industry	NOUN
cblr-2952	363	55	information	information	NOUN
cblr-2952	363	56	as	as	ADV
cblr-2952	363	57	well	well	ADV
cblr-2952	363	58	as	as	ADP
cblr-2952	363	59	a	a	DET
cblr-2952	363	60	more	more	ADV
cblr-2952	363	61	diversified	diversified	ADJ
cblr-2952	363	62	hedge	hedge	NOUN
cblr-2952	363	63	fund	fund	PROPN
cblr-2952	363	64	investment	investment	PROPN
cblr-2952	363	65	portfolio.8	portfolio.8	PROPN
cblr-2952	363	66	'	'	PART
cblr-2952	363	67	the	the	DET
cblr-2952	363	68	rise	rise	NOUN
cblr-2952	363	69	of	of	ADP
cblr-2952	363	70	hedge	hedge	NOUN
cblr-2952	363	71	funds	fund	NOUN
cblr-2952	363	72	has	have	AUX
cblr-2952	363	73	significantly	significantly	ADV
cblr-2952	363	74	altered	alter	VERB
cblr-2952	363	75	the	the	DET
cblr-2952	363	76	structure	structure	NOUN
cblr-2952	363	77	of	of	ADP
cblr-2952	363	78	the	the	DET
cblr-2952	363	79	u.s	u.s	PROPN
cblr-2952	363	80	.	.	PROPN
cblr-2952	363	81	and	and	CCONJ
cblr-2952	363	82	global	global	ADJ
cblr-2952	363	83	markets	market	NOUN
cblr-2952	363	84	.	.	PUNCT
cblr-2952	364	1	hedge	hedge	NOUN
cblr-2952	364	2	fund	fund	PROPN
cblr-2952	364	3	trading	trading	NOUN
cblr-2952	364	4	activity	activity	NOUN
cblr-2952	364	5	now	now	ADV
cblr-2952	364	6	provides	provide	VERB
cblr-2952	364	7	deep	deep	ADJ
cblr-2952	364	8	liquidity	liquidity	NOUN
cblr-2952	364	9	to	to	ADP
cblr-2952	364	10	both	both	CCONJ
cblr-2952	364	11	the	the	DET
cblr-2952	364	12	equity	equity	NOUN
cblr-2952	364	13	and	and	CCONJ
cblr-2952	364	14	derivatives	derivative	NOUN
cblr-2952	364	15	markets	market	NOUN
cblr-2952	364	16	.	.	PUNCT
cblr-2952	364	17	"	"	PUNCT
cblr-2952	365	1	and	and	CCONJ
cblr-2952	365	2	the	the	DET
cblr-2952	365	3	spectacular	spectacular	ADJ
cblr-2952	365	4	rise	rise	NOUN
cblr-2952	365	5	of	of	ADP
cblr-2952	365	6	the	the	DET
cblr-2952	365	7	worldwide	worldwide	ADJ
cblr-2952	365	8	$	$	SYM
cblr-2952	365	9	347	347	NUM
cblr-2952	365	10	trillion	trillion	NUM
cblr-2952	365	11	notional	notional	ADJ
cblr-2952	365	12	derivatives	derivative	NOUN
cblr-2952	365	13	market	market	NOUN
cblr-2952	365	14	is	be	AUX
cblr-2952	365	15	,	,	PUNCT
cblr-2952	365	16	in	in	ADP
cblr-2952	365	17	fact	fact	NOUN
cblr-2952	365	18	,	,	PUNCT
cblr-2952	365	19	attributable	attributable	ADJ
cblr-2952	365	20	largely	largely	ADV
cblr-2952	365	21	to	to	ADP
cblr-2952	365	22	hedge	hedge	VERB
cblr-2952	365	23	funds	fund	NOUN
cblr-2952	365	24	and	and	CCONJ
cblr-2952	365	25	their	their	PRON
cblr-2952	365	26	willingness	willingness	NOUN
cblr-2952	365	27	to	to	PART
cblr-2952	365	28	take	take	VERB
cblr-2952	365	29	counter	counter	ADJ
cblr-2952	365	30	-	-	ADJ
cblr-2952	365	31	party	party	ADJ
cblr-2952	365	32	risk	risk	NOUN
cblr-2952	365	33	hedging	hedge	VERB
cblr-2952	365	34	on	on	ADP
cblr-2952	365	35	virtually	virtually	ADV
cblr-2952	365	36	any	any	DET
cblr-2952	365	37	type	type	NOUN
cblr-2952	365	38	of	of	ADP
cblr-2952	365	39	investment	investment	NOUN
cblr-2952	365	40	.	.	PUNCT
cblr-2952	366	1	3	3	NUM
cblr-2952	366	2	hedge	hedge	NOUN
cblr-2952	366	3	funds	fund	NOUN
cblr-2952	366	4	also	also	ADV
cblr-2952	366	5	theoretically	theoretically	ADV
cblr-2952	366	6	can	can	AUX
cblr-2952	366	7	reduce	reduce	VERB
cblr-2952	366	8	aspx?cy	aspx?cy	NOUN
cblr-2952	366	9	=	=	NOUN
cblr-2952	366	10	usd	usd	NOUN
cblr-2952	366	11	(	(	PUNCT
cblr-2952	366	12	last	last	ADV
cblr-2952	366	13	visited	visit	VERB
cblr-2952	366	14	feb	feb	PROPN
cblr-2952	366	15	.	.	PROPN
cblr-2952	366	16	4	4	NUM
cblr-2952	366	17	,	,	PUNCT
cblr-2952	366	18	2008	2008	NUM
cblr-2952	366	19	)	)	PUNCT
cblr-2952	366	20	;	;	PUNCT
cblr-2952	366	21	see	see	VERB
cblr-2952	366	22	also	also	ADV
cblr-2952	366	23	fung	fung	PROPN
cblr-2952	366	24	&	&	CCONJ
cblr-2952	366	25	hsieh	hsieh	PROPN
cblr-2952	366	26	,	,	PUNCT
cblr-2952	366	27	supra	supra	PROPN
cblr-2952	366	28	note	note	PROPN
cblr-2952	366	29	77	77	NUM
cblr-2952	366	30	,	,	PUNCT
cblr-2952	366	31	at	at	ADP
cblr-2952	366	32	11	11	NUM
cblr-2952	366	33	-	-	SYM
cblr-2952	366	34	12	12	NUM
cblr-2952	366	35	(	(	PUNCT
cblr-2952	366	36	defining	define	VERB
cblr-2952	366	37	various	various	ADJ
cblr-2952	366	38	categories	category	NOUN
cblr-2952	366	39	of	of	ADP
cblr-2952	366	40	hedge	hedge	NOUN
cblr-2952	366	41	fund	fund	PROPN
cblr-2952	366	42	investing	investing	PROPN
cblr-2952	366	43	)	)	PUNCT
cblr-2952	366	44	.	.	PUNCT
cblr-2952	367	1	71	71	NUM
cblr-2952	367	2	cf	cf	NOUN
cblr-2952	367	3	ramin	ramin	NOUN
cblr-2952	367	4	baghai	baghai	ADJ
cblr-2952	367	5	-	-	PUNCT
cblr-2952	367	6	wadji	wadji	NOUN
cblr-2952	367	7	&	&	CCONJ
cblr-2952	367	8	stefan	stefan	PROPN
cblr-2952	367	9	klocker	klocker	PROPN
cblr-2952	367	10	,	,	PUNCT
cblr-2952	367	11	performance	performance	NOUN
cblr-2952	367	12	and	and	CCONJ
cblr-2952	367	13	style	style	NOUN
cblr-2952	367	14	shifts	shift	NOUN
cblr-2952	367	15	in	in	ADP
cblr-2952	367	16	the	the	DET
cblr-2952	367	17	hedge	hedge	NOUN
cblr-2952	367	18	fund	fund	NOUN
cblr-2952	367	19	industry	industry	NOUN
cblr-2952	367	20	3	3	NUM
cblr-2952	367	21	-	-	SYM
cblr-2952	367	22	4	4	NUM
cblr-2952	367	23	(	(	PUNCT
cblr-2952	367	24	feb	feb	PROPN
cblr-2952	367	25	.	.	PROPN
cblr-2952	367	26	27	27	NUM
cblr-2952	367	27	,	,	PUNCT
cblr-2952	367	28	2007	2007	NUM
cblr-2952	367	29	)	)	PUNCT
cblr-2952	367	30	(	(	PUNCT
cblr-2952	367	31	stating	state	VERB
cblr-2952	367	32	"	"	PUNCT
cblr-2952	367	33	we	we	PRON
cblr-2952	367	34	also	also	ADV
cblr-2952	367	35	demonstrate	demonstrate	VERB
cblr-2952	367	36	that	that	SCONJ
cblr-2952	367	37	funds	fund	NOUN
cblr-2952	367	38	with	with	ADP
cblr-2952	367	39	bad	bad	ADJ
cblr-2952	367	40	performance	performance	NOUN
cblr-2952	367	41	which	which	PRON
cblr-2952	367	42	change	change	NOUN
cblr-2952	367	43	style	style	NOUN
cblr-2952	367	44	can	can	AUX
cblr-2952	367	45	expect	expect	VERB
cblr-2952	367	46	a	a	DET
cblr-2952	367	47	performance	performance	NOUN
cblr-2952	367	48	improvement	improvement	NOUN
cblr-2952	367	49	in	in	ADP
cblr-2952	367	50	the	the	DET
cblr-2952	367	51	period	period	NOUN
cblr-2952	367	52	following	follow	VERB
cblr-2952	367	53	the	the	DET
cblr-2952	367	54	strategy	strategy	NOUN
cblr-2952	367	55	change	change	NOUN
cblr-2952	367	56	,	,	PUNCT
cblr-2952	367	57	whereas	whereas	SCONJ
cblr-2952	367	58	top	top	ADJ
cblr-2952	367	59	performers	performer	NOUN
cblr-2952	367	60	which	which	PRON
cblr-2952	367	61	alter	alter	VERB
cblr-2952	367	62	their	their	PRON
cblr-2952	367	63	strategy	strategy	NOUN
cblr-2952	367	64	are	be	AUX
cblr-2952	367	65	more	more	ADV
cblr-2952	367	66	likely	likely	ADJ
cblr-2952	367	67	not	not	PART
cblr-2952	367	68	to	to	PART
cblr-2952	367	69	benefit	benefit	VERB
cblr-2952	367	70	from	from	ADP
cblr-2952	367	71	the	the	DET
cblr-2952	367	72	style	style	NOUN
cblr-2952	367	73	shift	shift	NOUN
cblr-2952	367	74	"	"	PUNCT
cblr-2952	367	75	)	)	PUNCT
cblr-2952	367	76	,	,	PUNCT
cblr-2952	367	77	available	available	ADJ
cblr-2952	367	78	at	at	ADP
cblr-2952	367	79	http://papers.ssrn.com/sol3/papers.cfm?abstract-id=920444	http://papers.ssrn.com/sol3/papers.cfm?abstract-id=920444	PROPN
cblr-2952	367	80	.	.	PROPN
cblr-2952	367	81	80	80	NUM
cblr-2952	367	82	this	this	DET
cblr-2952	367	83	fee	fee	NOUN
cblr-2952	367	84	system	system	NOUN
cblr-2952	367	85	is	be	AUX
cblr-2952	367	86	discussed	discuss	VERB
cblr-2952	367	87	infra	infra	NOUN
cblr-2952	367	88	at	at	ADP
cblr-2952	367	89	notes	note	NOUN
cblr-2952	367	90	117	117	NUM
cblr-2952	367	91	-	-	SYM
cblr-2952	367	92	124	124	NUM
cblr-2952	367	93	and	and	CCONJ
cblr-2952	367	94	accompanying	accompany	VERB
cblr-2952	367	95	text	text	NOUN
cblr-2952	367	96	.	.	PUNCT
cblr-2952	368	1	81	81	NUM
cblr-2952	368	2	see	see	VERB
cblr-2952	368	3	lai	lai	PROPN
cblr-2952	368	4	,	,	PUNCT
cblr-2952	368	5	supra	supra	PROPN
cblr-2952	368	6	note	note	PROPN
cblr-2952	368	7	49	49	NUM
cblr-2952	368	8	,	,	PUNCT
cblr-2952	368	9	at	at	ADP
cblr-2952	368	10	3	3	NUM
cblr-2952	368	11	-	-	SYM
cblr-2952	368	12	8	8	NUM
cblr-2952	368	13	.	.	X
cblr-2952	368	14	82	82	NUM
cblr-2952	368	15	see	see	VERB
cblr-2952	368	16	timothy	timothy	PROPN
cblr-2952	368	17	f.	f.	PROPN
cblr-2952	368	18	geithner	geithner	PROPN
cblr-2952	368	19	,	,	PUNCT
cblr-2952	368	20	keynote	keynote	ADJ
cblr-2952	368	21	address	address	NOUN
cblr-2952	368	22	at	at	ADP
cblr-2952	368	23	the	the	DET
cblr-2952	368	24	national	national	ADJ
cblr-2952	368	25	conference	conference	NOUN
cblr-2952	368	26	on	on	ADP
cblr-2952	368	27	the	the	DET
cblr-2952	368	28	securities	security	NOUN
cblr-2952	368	29	industry	industry	NOUN
cblr-2952	368	30	:	:	PUNCT
cblr-2952	368	31	hedge	hedge	NOUN
cblr-2952	368	32	funds	fund	NOUN
cblr-2952	368	33	and	and	CCONJ
cblr-2952	368	34	their	their	PRON
cblr-2952	368	35	implications	implication	NOUN
cblr-2952	368	36	for	for	ADP
cblr-2952	368	37	the	the	DET
cblr-2952	368	38	financial	financial	ADJ
cblr-2952	368	39	system	system	NOUN
cblr-2952	368	40	(	(	PUNCT
cblr-2952	368	41	nov	nov	PROPN
cblr-2952	368	42	.	.	PROPN
cblr-2952	368	43	17	17	NUM
cblr-2952	368	44	,	,	PUNCT
cblr-2952	368	45	2004	2004	NUM
cblr-2952	368	46	)	)	PUNCT
cblr-2952	368	47	,	,	PUNCT
cblr-2952	368	48	available	available	ADJ
cblr-2952	368	49	at	at	ADP
cblr-2952	368	50	http://www.ny.frb.org/nesevents/speeches/2004/gei041117.html	http://www.ny.frb.org/nesevents/speeches/2004/gei041117.html	NUM
cblr-2952	368	51	.	.	PUNCT
cblr-2952	369	1	83	83	NUM
cblr-2952	369	2	isda	isda	NOUN
cblr-2952	369	3	market	market	NOUN
cblr-2952	369	4	survey	survey	NOUN
cblr-2952	369	5	results	result	NOUN
cblr-2952	369	6	,	,	PUNCT
cblr-2952	369	7	available	available	ADJ
cblr-2952	369	8	at	at	ADP
cblr-2952	369	9	http://www.isda.org/statistics/pdf/isda-market-survey-historical-data.pdf	http://www.isda.org/statistics/pdf/isda-market-survey-historical-data.pdf	PROPN
cblr-2952	369	10	.	.	PUNCT
cblr-2952	370	1	systemic	systemic	ADJ
cblr-2952	370	2	and	and	CCONJ
cblr-2952	370	3	specific	specific	ADJ
cblr-2952	370	4	investment	investment	NOUN
cblr-2952	370	5	risk	risk	NOUN
cblr-2952	370	6	through	through	ADP
cblr-2952	370	7	their	their	PRON
cblr-2952	370	8	use	use	NOUN
cblr-2952	370	9	of	of	ADP
cblr-2952	370	10	derivatives	derivative	NOUN
cblr-2952	370	11	and	and	CCONJ
cblr-2952	370	12	hedging	hedging	NOUN
cblr-2952	370	13	.	.	PUNCT
cblr-2952	370	14	'	'	PUNCT
cblr-2952	371	1	finally	finally	ADV
cblr-2952	371	2	,	,	PUNCT
cblr-2952	371	3	hedge	hedge	NOUN
cblr-2952	371	4	funds	fund	NOUN
cblr-2952	371	5	have	have	AUX
cblr-2952	371	6	served	serve	VERB
cblr-2952	371	7	valuable	valuable	ADJ
cblr-2952	371	8	roles	role	NOUN
cblr-2952	371	9	in	in	ADP
cblr-2952	371	10	our	our	PRON
cblr-2952	371	11	capital	capital	NOUN
cblr-2952	371	12	markets	market	NOUN
cblr-2952	371	13	,	,	PUNCT
cblr-2952	371	14	such	such	ADJ
cblr-2952	371	15	as	as	ADP
cblr-2952	371	16	providing	provide	VERB
cblr-2952	371	17	an	an	DET
cblr-2952	371	18	influential	influential	ADJ
cblr-2952	371	19	activist	activist	ADJ
cblr-2952	371	20	investor	investor	NOUN
cblr-2952	371	21	voice	voice	NOUN
cblr-2952	371	22	in	in	ADP
cblr-2952	371	23	both	both	DET
cblr-2952	371	24	restructurings	restructuring	NOUN
cblr-2952	371	25	and	and	CCONJ
cblr-2952	371	26	public	public	ADJ
cblr-2952	371	27	company	company	NOUN
cblr-2952	371	28	governance	governance	NOUN
cblr-2952	371	29	as	as	ADV
cblr-2952	371	30	well	well	ADV
cblr-2952	371	31	as	as	ADP
cblr-2952	371	32	serving	serve	VERB
cblr-2952	371	33	as	as	ADP
cblr-2952	371	34	counterparties	counterpartie	NOUN
cblr-2952	371	35	in	in	ADP
cblr-2952	371	36	highly	highly	ADV
cblr-2952	371	37	complex	complex	ADJ
cblr-2952	371	38	financial	financial	ADJ
cblr-2952	371	39	transactions	transaction	NOUN
cblr-2952	371	40	that	that	PRON
cblr-2952	371	41	other	other	ADJ
cblr-2952	371	42	regulated	regulated	ADJ
cblr-2952	371	43	entities	entity	NOUN
cblr-2952	371	44	such	such	ADJ
cblr-2952	371	45	as	as	ADP
cblr-2952	371	46	banks	bank	NOUN
cblr-2952	371	47	may	may	AUX
cblr-2952	371	48	not	not	PART
cblr-2952	371	49	be	be	AUX
cblr-2952	371	50	able	able	ADJ
cblr-2952	371	51	to.85	to.85	NOUN
cblr-2952	371	52	hedge	hedge	NOUN
cblr-2952	371	53	funds	fund	NOUN
cblr-2952	371	54	have	have	AUX
cblr-2952	371	55	also	also	ADV
cblr-2952	371	56	raised	raise	VERB
cblr-2952	371	57	significant	significant	ADJ
cblr-2952	371	58	concern	concern	NOUN
cblr-2952	371	59	among	among	ADP
cblr-2952	371	60	investors	investor	NOUN
cblr-2952	371	61	and	and	CCONJ
cblr-2952	371	62	regulators	regulator	NOUN
cblr-2952	371	63	.	.	PUNCT
cblr-2952	372	1	hedge	hedge	NOUN
cblr-2952	372	2	fund	fund	NOUN
cblr-2952	372	3	trading	trading	NOUN
cblr-2952	372	4	strategies	strategy	NOUN
cblr-2952	372	5	and	and	CCONJ
cblr-2952	372	6	their	their	PRON
cblr-2952	372	7	leveraging	leveraging	NOUN
cblr-2952	372	8	of	of	ADP
cblr-2952	372	9	investments	investment	NOUN
cblr-2952	372	10	conceivably	conceivably	ADV
cblr-2952	372	11	create	create	VERB
cblr-2952	372	12	undue	undue	ADJ
cblr-2952	372	13	individualized	individualized	ADJ
cblr-2952	372	14	and	and	CCONJ
cblr-2952	372	15	systemic	systemic	ADJ
cblr-2952	372	16	risk.8	risk.8	NOUN
cblr-2952	372	17	the	the	DET
cblr-2952	372	18	$	$	SYM
cblr-2952	372	19	4.6	4.6	NUM
cblr-2952	372	20	billion	billion	NUM
cblr-2952	372	21	implosion	implosion	NOUN
cblr-2952	372	22	of	of	ADP
cblr-2952	372	23	the	the	DET
cblr-2952	372	24	hedge	hedge	NOUN
cblr-2952	372	25	fund	fund	NOUN
cblr-2952	372	26	run	run	VERB
cblr-2952	372	27	by	by	ADP
cblr-2952	372	28	long	long	ADJ
cblr-2952	372	29	-	-	PUNCT
cblr-2952	372	30	term	term	NOUN
cblr-2952	372	31	capital	capital	NOUN
cblr-2952	372	32	management	management	NOUN
cblr-2952	372	33	in	in	ADP
cblr-2952	372	34	in	in	ADP
cblr-2952	372	35	comparison	comparison	NOUN
cblr-2952	372	36	,	,	PUNCT
cblr-2952	372	37	in	in	ADP
cblr-2952	372	38	1987	1987	NUM
cblr-2952	372	39	only	only	ADV
cblr-2952	372	40	$	$	SYM
cblr-2952	372	41	867.6	867.6	NUM
cblr-2952	372	42	billion	billion	NUM
cblr-2952	372	43	in	in	ADP
cblr-2952	372	44	notional	notional	ADJ
cblr-2952	372	45	interest	interest	NOUN
cblr-2952	372	46	rate	rate	NOUN
cblr-2952	372	47	and	and	CCONJ
cblr-2952	372	48	currency	currency	NOUN
cblr-2952	372	49	derivatives	derivative	NOUN
cblr-2952	372	50	were	be	AUX
cblr-2952	372	51	outstanding	outstanding	ADJ
cblr-2952	372	52	compared	compare	VERB
cblr-2952	372	53	to	to	ADP
cblr-2952	372	54	$	$	SYM
cblr-2952	372	55	285.7	285.7	NUM
cblr-2952	372	56	trillion	trillion	NUM
cblr-2952	372	57	as	as	ADP
cblr-2952	372	58	of	of	ADP
cblr-2952	372	59	year	year	NOUN
cblr-2952	372	60	-	-	PUNCT
cblr-2952	372	61	end	end	NOUN
cblr-2952	372	62	2006	2006	NUM
cblr-2952	372	63	.	.	PUNCT
cblr-2952	373	1	i	i	PRON
cblr-2952	373	2	d.	d.	PROPN
cblr-2952	373	3	'	'	PUNCT
cblr-2952	373	4	but	but	CCONJ
cblr-2952	373	5	see	see	VERB
cblr-2952	373	6	nicole	nicole	PROPN
cblr-2952	373	7	m.	m.	PROPN
cblr-2952	373	8	boyson	boyson	PROPN
cblr-2952	373	9	et	et	PROPN
cblr-2952	373	10	al	al	PROPN
cblr-2952	373	11	.	.	PROPN
cblr-2952	373	12	,	,	PUNCT
cblr-2952	373	13	is	be	AUX
cblr-2952	373	14	there	there	PRON
cblr-2952	373	15	hedge	hedge	NOUN
cblr-2952	373	16	fund	fund	NOUN
cblr-2952	373	17	contagion	contagion	NOUN
cblr-2952	373	18	?	?	PUNCT
cblr-2952	374	1	(	(	PUNCT
cblr-2952	374	2	mar	mar	PROPN
cblr-2952	374	3	.	.	PROPN
cblr-2952	374	4	13	13	NUM
cblr-2952	374	5	,	,	PUNCT
cblr-2952	374	6	2007	2007	NUM
cblr-2952	374	7	)	)	PUNCT
cblr-2952	374	8	,	,	PUNCT
cblr-2952	374	9	available	available	ADJ
cblr-2952	374	10	at	at	ADP
cblr-2952	374	11	http://ssrn.com/abstract=884202	http://ssrn.com/abstract=884202	PROPN
cblr-2952	374	12	(	(	PUNCT
cblr-2952	374	13	finding	find	VERB
cblr-2952	374	14	systemic	systemic	ADJ
cblr-2952	374	15	evidence	evidence	NOUN
cblr-2952	374	16	of	of	ADP
cblr-2952	374	17	contagion	contagion	NOUN
cblr-2952	374	18	among	among	ADP
cblr-2952	374	19	hedge	hedge	NOUN
cblr-2952	374	20	funds	fund	NOUN
cblr-2952	374	21	with	with	ADP
cblr-2952	374	22	differing	differ	VERB
cblr-2952	374	23	investment	investment	NOUN
cblr-2952	374	24	strategies	strategy	NOUN
cblr-2952	374	25	over	over	ADP
cblr-2952	374	26	extended	extended	ADJ
cblr-2952	374	27	periods	period	NOUN
cblr-2952	374	28	of	of	ADP
cblr-2952	374	29	time	time	NOUN
cblr-2952	374	30	)	)	PUNCT
cblr-2952	374	31	.	.	PUNCT
cblr-2952	375	1	85	85	NUM
cblr-2952	375	2	see	see	VERB
cblr-2952	375	3	e.g.	e.g.	ADV
cblr-2952	375	4	,	,	PUNCT
cblr-2952	375	5	william	william	PROPN
cblr-2952	375	6	w.	w.	PROPN
cblr-2952	375	7	bratton	bratton	PROPN
cblr-2952	375	8	,	,	PUNCT
cblr-2952	375	9	hedge	hedge	NOUN
cblr-2952	375	10	funds	fund	NOUN
cblr-2952	375	11	and	and	CCONJ
cblr-2952	375	12	governance	governance	NOUN
cblr-2952	375	13	targets	target	NOUN
cblr-2952	375	14	,	,	PUNCT
cblr-2952	375	15	95	95	NUM
cblr-2952	375	16	geo	geo	PROPN
cblr-2952	375	17	.	.	PUNCT
cblr-2952	375	18	l.j	l.j	PROPN
cblr-2952	375	19	.	.	PROPN
cblr-2952	375	20	1375	1375	NUM
cblr-2952	375	21	,	,	PUNCT
cblr-2952	375	22	1427	1427	NUM
cblr-2952	375	23	(	(	PUNCT
cblr-2952	375	24	2007	2007	NUM
cblr-2952	375	25	)	)	PUNCT
cblr-2952	375	26	(	(	PUNCT
cblr-2952	375	27	finding	find	VERB
cblr-2952	375	28	that	that	DET
cblr-2952	375	29	hedge	hedge	NOUN
cblr-2952	375	30	fund	fund	NOUN
cblr-2952	375	31	shareholder	shareholder	NOUN
cblr-2952	375	32	interventions	intervention	NOUN
cblr-2952	375	33	"	"	PUNCT
cblr-2952	375	34	neither	neither	CCONJ
cblr-2952	375	35	amount	amount	NOUN
cblr-2952	375	36	to	to	ADP
cblr-2952	375	37	near	near	ADJ
cblr-2952	375	38	-	-	PUNCT
cblr-2952	375	39	term	term	NOUN
cblr-2952	375	40	holdups	holdup	NOUN
cblr-2952	375	41	nor	nor	CCONJ
cblr-2952	375	42	revive	revive	VERB
cblr-2952	375	43	the	the	DET
cblr-2952	375	44	1980s	1980	NOUN
cblr-2952	375	45	leveraged	leveraged	ADJ
cblr-2952	375	46	restructuring	restructuring	NOUN
cblr-2952	375	47	"	"	PUNCT
cblr-2952	375	48	)	)	PUNCT
cblr-2952	375	49	;	;	PUNCT
cblr-2952	375	50	alon	alon	PROPN
cblr-2952	375	51	brav	brav	PROPN
cblr-2952	375	52	et	et	PROPN
cblr-2952	375	53	al	al	PROPN
cblr-2952	375	54	.	.	PROPN
cblr-2952	375	55	,	,	PUNCT
cblr-2952	375	56	hedge	hedge	NOUN
cblr-2952	375	57	fund	fund	NOUN
cblr-2952	375	58	activism	activism	NOUN
cblr-2952	375	59	,	,	PUNCT
cblr-2952	375	60	corporate	corporate	ADJ
cblr-2952	375	61	governance	governance	NOUN
cblr-2952	375	62	,	,	PUNCT
cblr-2952	375	63	and	and	CCONJ
cblr-2952	375	64	firm	firm	ADJ
cblr-2952	375	65	performance	performance	NOUN
cblr-2952	375	66	(	(	PUNCT
cblr-2952	375	67	nov	nov	PROPN
cblr-2952	375	68	.	.	PROPN
cblr-2952	375	69	2006	2006	NUM
cblr-2952	375	70	)	)	PUNCT
cblr-2952	375	71	,	,	PUNCT
cblr-2952	375	72	available	available	ADJ
cblr-2952	375	73	at	at	ADP
cblr-2952	375	74	http://ssrn.com/abstract=948907	http://ssrn.com/abstract=948907	PROPN
cblr-2952	375	75	(	(	PUNCT
cblr-2952	375	76	examining	examine	VERB
cblr-2952	375	77	a	a	DET
cblr-2952	375	78	dataset	dataset	NOUN
cblr-2952	375	79	of	of	ADP
cblr-2952	375	80	hedge	hedge	NOUN
cblr-2952	375	81	fund	fund	NOUN
cblr-2952	375	82	activism	activism	NOUN
cblr-2952	375	83	in	in	ADP
cblr-2952	375	84	the	the	DET
cblr-2952	375	85	united	united	PROPN
cblr-2952	375	86	states	states	PROPN
cblr-2952	375	87	during	during	ADP
cblr-2952	375	88	the	the	DET
cblr-2952	375	89	period	period	NOUN
cblr-2952	375	90	2001	2001	NUM
cblr-2952	375	91	through	through	ADP
cblr-2952	375	92	2005	2005	NUM
cblr-2952	375	93	and	and	CCONJ
cblr-2952	375	94	finding	find	VERB
cblr-2952	375	95	that	that	DET
cblr-2952	375	96	hedge	hedge	NOUN
cblr-2952	375	97	funds	fund	NOUN
cblr-2952	375	98	acting	act	VERB
cblr-2952	375	99	as	as	ADP
cblr-2952	375	100	value	value	NOUN
cblr-2952	375	101	investors	investor	NOUN
cblr-2952	375	102	and	and	CCONJ
cblr-2952	375	103	shareholder	shareholder	NOUN
cblr-2952	375	104	advocates	advocate	NOUN
cblr-2952	375	105	)	)	PUNCT
cblr-2952	375	106	.	.	PUNCT
cblr-2952	376	1	hedge	hedge	PROPN
cblr-2952	376	2	fund	fund	PROPN
cblr-2952	376	3	innovation	innovation	NOUN
cblr-2952	376	4	may	may	AUX
cblr-2952	376	5	have	have	VERB
cblr-2952	376	6	a	a	DET
cblr-2952	376	7	down	down	ADJ
cblr-2952	376	8	-	-	PUNCT
cblr-2952	376	9	side	side	NOUN
cblr-2952	376	10	though	though	ADV
cblr-2952	376	11	,	,	PUNCT
cblr-2952	376	12	increasing	increase	VERB
cblr-2952	376	13	complexity	complexity	NOUN
cblr-2952	376	14	and	and	CCONJ
cblr-2952	376	15	systemic	systemic	ADJ
cblr-2952	376	16	risk	risk	NOUN
cblr-2952	376	17	.	.	PUNCT
cblr-2952	377	1	see	see	VERB
cblr-2952	377	2	generally	generally	ADV
cblr-2952	377	3	richard	richard	PROPN
cblr-2952	377	4	bookstaber	bookstaber	PROPN
cblr-2952	377	5	,	,	PUNCT
cblr-2952	377	6	a	a	DET
cblr-2952	377	7	demon	demon	NOUN
cblr-2952	377	8	of	of	ADP
cblr-2952	377	9	our	our	PRON
cblr-2952	377	10	own	own	ADJ
cblr-2952	377	11	design	design	NOUN
cblr-2952	377	12	:	:	PUNCT
cblr-2952	377	13	markets	market	NOUN
cblr-2952	377	14	,	,	PUNCT
cblr-2952	377	15	hedge	hedge	NOUN
cblr-2952	377	16	funds	fund	NOUN
cblr-2952	377	17	and	and	CCONJ
cblr-2952	377	18	the	the	DET
cblr-2952	377	19	perils	peril	NOUN
cblr-2952	377	20	of	of	ADP
cblr-2952	377	21	financial	financial	ADJ
cblr-2952	377	22	innovation	innovation	NOUN
cblr-2952	377	23	(	(	PUNCT
cblr-2952	377	24	john	john	PROPN
cblr-2952	377	25	wiley	wiley	PROPN
cblr-2952	377	26	&	&	CCONJ
cblr-2952	377	27	sons	sons	PROPN
cblr-2952	377	28	,	,	PUNCT
cblr-2952	377	29	inc	inc	PROPN
cblr-2952	377	30	.	.	PROPN
cblr-2952	377	31	2007	2007	NUM
cblr-2952	377	32	)	)	PUNCT
cblr-2952	377	33	(	(	PUNCT
cblr-2952	377	34	arguing	argue	VERB
cblr-2952	377	35	that	that	SCONJ
cblr-2952	377	36	financial	financial	ADJ
cblr-2952	377	37	innovation	innovation	NOUN
cblr-2952	377	38	and	and	CCONJ
cblr-2952	377	39	widespread	widespread	ADJ
cblr-2952	377	40	use	use	NOUN
cblr-2952	377	41	of	of	ADP
cblr-2952	377	42	derivatives	derivative	NOUN
cblr-2952	377	43	has	have	AUX
cblr-2952	377	44	increased	increase	VERB
cblr-2952	377	45	market	market	NOUN
cblr-2952	377	46	instability	instability	NOUN
cblr-2952	377	47	and	and	CCONJ
cblr-2952	377	48	systemic	systemic	ADJ
cblr-2952	377	49	risk	risk	NOUN
cblr-2952	377	50	)	)	PUNCT
cblr-2952	377	51	.	.	PUNCT
cblr-2952	377	52	'	'	PUNCT
cblr-2952	378	1	see	see	VERB
cblr-2952	378	2	ben	ben	PROPN
cblr-2952	378	3	s.	s.	PROPN
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cblr-2952	378	5	,	,	PUNCT
cblr-2952	378	6	chairman	chairman	NOUN
cblr-2952	378	7	of	of	ADP
cblr-2952	378	8	the	the	DET
cblr-2952	378	9	board	board	NOUN
cblr-2952	378	10	of	of	ADP
cblr-2952	378	11	governors	governor	NOUN
cblr-2952	378	12	,	,	PUNCT
cblr-2952	378	13	u.s	u.s	PROPN
cblr-2952	378	14	.	.	PROPN
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cblr-2952	378	16	.	.	PUNCT
cblr-2952	379	1	reserve	reserve	PROPN
cblr-2952	379	2	,	,	PUNCT
cblr-2952	379	3	remarks	remark	VERB
cblr-2952	379	4	at	at	ADP
cblr-2952	379	5	the	the	DET
cblr-2952	379	6	federal	federal	PROPN
cblr-2952	379	7	reserve	reserve	PROPN
cblr-2952	379	8	bank	bank	PROPN
cblr-2952	379	9	of	of	ADP
cblr-2952	379	10	atlanta	atlanta	PROPN
cblr-2952	379	11	's	's	PART
cblr-2952	379	12	2006	2006	NUM
cblr-2952	379	13	financial	financial	ADJ
cblr-2952	379	14	market	market	NOUN
cblr-2952	379	15	conference	conference	NOUN
cblr-2952	379	16	(	(	PUNCT
cblr-2952	379	17	may	may	PROPN
cblr-2952	379	18	16	16	NUM
cblr-2952	379	19	,	,	PUNCT
cblr-2952	379	20	2006	2006	NUM
cblr-2952	379	21	)	)	PUNCT
cblr-2952	379	22	,	,	PUNCT
cblr-2952	379	23	available	available	ADJ
cblr-2952	379	24	at	at	ADP
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cblr-2952	379	26	.htm	.htm	PUNCT
cblr-2952	379	27	;	;	PUNCT
cblr-2952	379	28	see	see	VERB
cblr-2952	379	29	also	also	ADV
cblr-2952	379	30	landon	landon	PROPN
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cblr-2952	379	32	,	,	PUNCT
cblr-2952	379	33	jr	jr	PROPN
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cblr-2952	379	35	,	,	PUNCT
cblr-2952	379	36	pack	pack	VERB
cblr-2952	379	37	mentality	mentality	NOUN
cblr-2952	379	38	among	among	ADP
cblr-2952	379	39	hedge	hedge	NOUN
cblr-2952	379	40	funds	fund	NOUN
cblr-2952	379	41	fuels	fuel	VERB
cblr-2952	379	42	market	market	NOUN
cblr-2952	379	43	volatility	volatility	NOUN
cblr-2952	379	44	,	,	PUNCT
cblr-2952	379	45	n.y	n.y	PROPN
cblr-2952	379	46	.	.	PROPN
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cblr-2952	379	48	,	,	PUNCT
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cblr-2952	379	50	.	.	PROPN
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cblr-2952	379	52	,	,	PUNCT
cblr-2952	379	53	2007	2007	NUM
cblr-2952	379	54	(	(	PUNCT
cblr-2952	379	55	reporting	report	VERB
cblr-2952	379	56	on	on	ADP
cblr-2952	379	57	replicated	replicate	VERB
cblr-2952	379	58	hedge	hedge	NOUN
cblr-2952	379	59	fund	fund	NOUN
cblr-2952	379	60	trading	trading	NOUN
cblr-2952	379	61	strategies	strategy	NOUN
cblr-2952	379	62	and	and	CCONJ
cblr-2952	379	63	their	their	PRON
cblr-2952	379	64	potential	potential	NOUN
cblr-2952	379	65	to	to	PART
cblr-2952	379	66	exacerbate	exacerbate	VERB
cblr-2952	379	67	market	market	NOUN
cblr-2952	379	68	volatility	volatility	NOUN
cblr-2952	379	69	)	)	PUNCT
cblr-2952	379	70	.	.	PUNCT
cblr-2952	380	1	no	no	INTJ
cblr-2952	380	2	.	.	NOUN
cblr-2952	381	1	1	1	NUM
cblr-2952	381	2	:	:	SYM
cblr-2952	381	3	1721	1721	NUM
cblr-2952	381	4	black	black	ADJ
cblr-2952	381	5	market	market	NOUN
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cblr-2952	381	7	pital	pital	PROPN
cblr-2952	381	8	columbia	columbia	PROPN
cblr-2952	381	9	business	business	PROPN
cblr-2952	381	10	law	law	PROPN
cblr-2952	381	11	review	review	VERB
cblr-2952	381	12	1998	1998	NUM
cblr-2952	381	13	aptly	aptly	ADV
cblr-2952	381	14	illustrated	illustrate	VERB
cblr-2952	381	15	both	both	PRON
cblr-2952	381	16	of	of	ADP
cblr-2952	381	17	these	these	DET
cblr-2952	381	18	possibilities	possibility	NOUN
cblr-2952	381	19	.	.	PUNCT
cblr-2952	381	20	"	"	PUNCT
cblr-2952	382	1	these	these	DET
cblr-2952	382	2	funds	fund	NOUN
cblr-2952	382	3	have	have	AUX
cblr-2952	382	4	also	also	ADV
cblr-2952	382	5	been	be	AUX
cblr-2952	382	6	accused	accuse	VERB
cblr-2952	382	7	of	of	ADP
cblr-2952	382	8	taking	take	VERB
cblr-2952	382	9	aggressive	aggressive	ADJ
cblr-2952	382	10	steps	step	NOUN
cblr-2952	382	11	to	to	PART
cblr-2952	382	12	arbitrage	arbitrage	NOUN
cblr-2952	382	13	regulation	regulation	NOUN
cblr-2952	382	14	and	and	CCONJ
cblr-2952	382	15	game	game	NOUN
cblr-2952	382	16	market	market	NOUN
cblr-2952	382	17	systems	system	NOUN
cblr-2952	382	18	as	as	ADV
cblr-2952	382	19	well	well	ADV
cblr-2952	382	20	as	as	ADP
cblr-2952	382	21	having	have	VERB
cblr-2952	382	22	undue	undue	ADJ
cblr-2952	382	23	involvement	involvement	NOUN
cblr-2952	382	24	in	in	ADP
cblr-2952	382	25	insider	insider	NOUN
cblr-2952	382	26	trading	trading	NOUN
cblr-2952	382	27	schemes	scheme	NOUN
cblr-2952	382	28	.	.	PUNCT
cblr-2952	382	29	'	'	PUNCT
cblr-2952	383	1	lately	lately	ADV
cblr-2952	383	2	,	,	PUNCT
cblr-2952	383	3	hedge	hedge	NOUN
cblr-2952	383	4	funds	fund	NOUN
cblr-2952	383	5	have	have	AUX
cblr-2952	383	6	also	also	ADV
cblr-2952	383	7	come	come	VERB
cblr-2952	383	8	under	under	ADP
cblr-2952	383	9	fire	fire	NOUN
cblr-2952	383	10	for	for	ADP
cblr-2952	383	11	short	short	ADJ
cblr-2952	383	12	-	-	PUNCT
cblr-2952	383	13	term	term	NOUN
cblr-2952	383	14	corporate	corporate	ADJ
cblr-2952	383	15	activism	activism	NOUN
cblr-2952	383	16	,	,	PUNCT
cblr-2952	383	17	which	which	PRON
cblr-2952	383	18	detractors	detractor	NOUN
cblr-2952	383	19	charge	charge	VERB
cblr-2952	383	20	is	be	AUX
cblr-2952	383	21	debilitating	debilitate	VERB
cblr-2952	383	22	to	to	ADP
cblr-2952	383	23	public	public	ADJ
cblr-2952	383	24	companies.89	companies.89	ADJ
cblr-2952	383	25	hedge	hedge	NOUN
cblr-2952	383	26	funds	fund	NOUN
cblr-2952	383	27	have	have	AUX
cblr-2952	383	28	also	also	ADV
cblr-2952	383	29	been	be	AUX
cblr-2952	383	30	accused	accuse	VERB
cblr-2952	383	31	of	of	ADP
cblr-2952	383	32	decoupling	decouple	VERB
cblr-2952	383	33	voting	voting	NOUN
cblr-2952	383	34	rights	right	NOUN
cblr-2952	383	35	from	from	ADP
cblr-2952	383	36	equity	equity	NOUN
cblr-2952	383	37	shares	share	NOUN
cblr-2952	383	38	to	to	PART
cblr-2952	383	39	inappropriately	inappropriately	ADV
cblr-2952	383	40	influence	influence	VERB
cblr-2952	383	41	shareholder	shareholder	NOUN
cblr-2952	383	42	votes	vote	NOUN
cblr-2952	383	43	inversely	inversely	ADV
cblr-2952	383	44	to	to	ADP
cblr-2952	383	45	their	their	PRON
cblr-2952	383	46	economic	economic	ADJ
cblr-2952	383	47	stakes	stake	NOUN
cblr-2952	383	48	.	.	PUNCT
cblr-2952	383	49	"	"	PUNCT
cblr-2952	384	1	finally	finally	ADV
cblr-2952	384	2	,	,	PUNCT
cblr-2952	384	3	their	their	PRON
cblr-2952	384	4	increasing	increase	VERB
cblr-2952	384	5	status	status	NOUN
cblr-2952	384	6	and	and	CCONJ
cblr-2952	384	7	the	the	DET
cblr-2952	384	8	phenomenal	phenomenal	ADJ
cblr-2952	384	9	wealth	wealth	NOUN
cblr-2952	384	10	earned	earn	VERB
cblr-2952	384	11	by	by	ADP
cblr-2952	384	12	their	their	PRON
cblr-2952	384	13	managers	manager	NOUN
cblr-2952	384	14	has	have	AUX
cblr-2952	384	15	caused	cause	VERB
cblr-2952	384	16	worry	worry	NOUN
cblr-2952	384	17	about	about	ADP
cblr-2952	384	18	the	the	DET
cblr-2952	384	19	creation	creation	NOUN
cblr-2952	384	20	of	of	ADP
cblr-2952	384	21	system	system	NOUN
cblr-2952	384	22	-	-	PUNCT
cblr-2952	384	23	wide	wide	ADJ
cblr-2952	384	24	inequality	inequality	NOUN
cblr-2952	384	25	and	and	CCONJ
cblr-2952	384	26	issues	issue	NOUN
cblr-2952	384	27	of	of	ADP
cblr-2952	384	28	distributive	distributive	ADJ
cblr-2952	384	29	justice.9	justice.9	NOUN
cblr-2952	384	30	'	'	PUNCT
cblr-2952	384	31	as	as	ADP
cblr-2952	384	32	with	with	ADP
cblr-2952	384	33	private	private	ADJ
cblr-2952	384	34	equity	equity	NOUN
cblr-2952	384	35	,	,	PUNCT
cblr-2952	384	36	though	though	ADV
cblr-2952	384	37	,	,	PUNCT
cblr-2952	384	38	hedge	hedge	NOUN
cblr-2952	384	39	funds	fund	NOUN
cblr-2952	384	40	have	have	AUX
cblr-2952	384	41	become	become	VERB
cblr-2952	384	42	an	an	DET
cblr-2952	384	43	integral	integral	ADJ
cblr-2952	384	44	and	and	CCONJ
cblr-2952	384	45	important	important	ADJ
cblr-2952	384	46	driver	driver	NOUN
cblr-2952	384	47	to	to	ADP
cblr-2952	384	48	our	our	PRON
cblr-2952	384	49	capital	capital	NOUN
cblr-2952	384	50	market	market	NOUN
cblr-2952	384	51	,	,	PUNCT
cblr-2952	384	52	providing	provide	VERB
cblr-2952	384	53	investors	investor	NOUN
cblr-2952	384	54	distinctive	distinctive	ADJ
cblr-2952	384	55	and	and	CCONJ
cblr-2952	384	56	sought	seek	VERB
cblr-2952	384	57	after	after	ADP
cblr-2952	384	58	historical	historical	ADJ
cblr-2952	384	59	benefits	benefit	NOUN
cblr-2952	384	60	,	,	PUNCT
cblr-2952	384	61	particularly	particularly	ADV
cblr-2952	384	62	the	the	DET
cblr-2952	384	63	chance	chance	NOUN
cblr-2952	384	64	to	to	PART
cblr-2952	384	65	earn	earn	VERB
cblr-2952	384	66	excess	excess	ADJ
cblr-2952	384	67	positive	positive	ADJ
cblr-2952	384	68	returns	return	NOUN
cblr-2952	384	69	.	.	PUNCT
cblr-2952	385	1	87	87	NUM
cblr-2952	385	2	for	for	ADP
cblr-2952	385	3	a	a	DET
cblr-2952	385	4	history	history	NOUN
cblr-2952	385	5	of	of	ADP
cblr-2952	385	6	this	this	DET
cblr-2952	385	7	financial	financial	ADJ
cblr-2952	385	8	calamity	calamity	NOUN
cblr-2952	385	9	,	,	PUNCT
cblr-2952	385	10	see	see	VERB
cblr-2952	385	11	roger	roger	PROPN
cblr-2952	385	12	lowenstein	lowenstein	PROPN
cblr-2952	385	13	,	,	PUNCT
cblr-2952	385	14	when	when	SCONJ
cblr-2952	385	15	genius	genius	NOUN
cblr-2952	385	16	failed	fail	VERB
cblr-2952	385	17	:	:	PUNCT
cblr-2952	385	18	the	the	DET
cblr-2952	385	19	rise	rise	NOUN
cblr-2952	385	20	and	and	CCONJ
cblr-2952	385	21	fall	fall	NOUN
cblr-2952	385	22	of	of	ADP
cblr-2952	385	23	long	long	ADJ
cblr-2952	385	24	-	-	PUNCT
cblr-2952	385	25	term	term	NOUN
cblr-2952	385	26	capital	capital	NOUN
cblr-2952	385	27	management	management	NOUN
cblr-2952	385	28	(	(	PUNCT
cblr-2952	385	29	random	random	ADJ
cblr-2952	385	30	house	house	NOUN
cblr-2952	385	31	trade	trade	NOUN
cblr-2952	385	32	paperbacks	paperback	NOUN
cblr-2952	385	33	2000	2000	NUM
cblr-2952	385	34	)	)	PUNCT
cblr-2952	385	35	.	.	PUNCT
cblr-2952	385	36	'	'	PUNCT
cblr-2952	386	1	see	see	VERB
cblr-2952	386	2	jenny	jenny	PROPN
cblr-2952	386	3	anderson	anderson	PROPN
cblr-2952	386	4	,	,	PUNCT
cblr-2952	386	5	s.e.c	s.e.c	PROPN
cblr-2952	386	6	.	.	PUNCT
cblr-2952	387	1	is	be	AUX
cblr-2952	387	2	looking	look	VERB
cblr-2952	387	3	at	at	ADP
cblr-2952	387	4	stock	stock	NOUN
cblr-2952	387	5	trading	trading	NOUN
cblr-2952	387	6	,	,	PUNCT
cblr-2952	387	7	n.y	n.y	PROPN
cblr-2952	387	8	.	.	PROPN
cblr-2952	387	9	times	times	PROPN
cblr-2952	387	10	,	,	PUNCT
cblr-2952	387	11	feb	feb	PROPN
cblr-2952	387	12	.	.	PROPN
cblr-2952	387	13	6	6	NUM
cblr-2952	387	14	,	,	PUNCT
cblr-2952	387	15	2007	2007	NUM
cblr-2952	387	16	,	,	PUNCT
cblr-2952	387	17	at	at	ADP
cblr-2952	387	18	al	al	PROPN
cblr-2952	387	19	(	(	PUNCT
cblr-2952	387	20	reporting	report	VERB
cblr-2952	387	21	on	on	ADP
cblr-2952	387	22	increased	increase	VERB
cblr-2952	387	23	sec	sec	PROPN
cblr-2952	387	24	scrutiny	scrutiny	NOUN
cblr-2952	387	25	of	of	ADP
cblr-2952	387	26	insider	insider	NOUN
cblr-2952	387	27	trading	trading	NOUN
cblr-2952	387	28	and	and	CCONJ
cblr-2952	387	29	the	the	DET
cblr-2952	387	30	involvement	involvement	NOUN
cblr-2952	387	31	of	of	ADP
cblr-2952	387	32	hedge	hedge	NOUN
cblr-2952	387	33	funds	fund	NOUN
cblr-2952	387	34	)	)	PUNCT
cblr-2952	387	35	.	.	PUNCT
cblr-2952	388	1	8	8	NUM
cblr-2952	388	2	for	for	ADP
cblr-2952	388	3	example	example	NOUN
cblr-2952	388	4	,	,	PUNCT
cblr-2952	388	5	in	in	ADP
cblr-2952	388	6	april	april	PROPN
cblr-2952	388	7	2005	2005	NUM
cblr-2952	388	8	,	,	PUNCT
cblr-2952	388	9	german	german	ADJ
cblr-2952	388	10	vice	vice	NOUN
cblr-2952	388	11	chancellor	chancellor	NOUN
cblr-2952	388	12	franz	franz	NOUN
cblr-2952	388	13	muntefering	muntefere	VERB
cblr-2952	388	14	called	call	VERB
cblr-2952	388	15	hedge	hedge	NOUN
cblr-2952	388	16	funds	fund	NOUN
cblr-2952	388	17	"	"	PUNCT
cblr-2952	388	18	locusts	locust	NOUN
cblr-2952	388	19	"	"	PUNCT
cblr-2952	388	20	due	due	ADP
cblr-2952	388	21	to	to	ADP
cblr-2952	388	22	their	their	PRON
cblr-2952	388	23	shareholder	shareholder	NOUN
cblr-2952	388	24	activism	activism	NOUN
cblr-2952	388	25	with	with	ADP
cblr-2952	388	26	respect	respect	NOUN
cblr-2952	388	27	to	to	ADP
cblr-2952	388	28	deutsche	deutsche	PROPN
cblr-2952	388	29	borse	borse	PROPN
cblr-2952	388	30	.	.	PUNCT
cblr-2952	389	1	see	see	VERB
cblr-2952	389	2	mark	mark	PROPN
cblr-2952	389	3	landler	landler	PROPN
cblr-2952	389	4	,	,	PUNCT
cblr-2952	389	5	international	international	ADJ
cblr-2952	389	6	business	business	NOUN
cblr-2952	389	7	;	;	PUNCT
cblr-2952	389	8	blaming	blame	VERB
cblr-2952	389	9	the	the	DET
cblr-2952	389	10	foreigners	foreigner	NOUN
cblr-2952	389	11	,	,	PUNCT
cblr-2952	389	12	n.y	n.y	PROPN
cblr-2952	389	13	.	.	PROPN
cblr-2952	389	14	times	times	PROPN
cblr-2952	389	15	,	,	PUNCT
cblr-2952	389	16	may	may	AUX
cblr-2952	389	17	5	5	NUM
cblr-2952	389	18	,	,	PUNCT
cblr-2952	389	19	2005	2005	NUM
cblr-2952	389	20	,	,	PUNCT
cblr-2952	389	21	at	at	ADP
cblr-2952	389	22	c1	c1	PROPN
cblr-2952	389	23	.	.	PUNCT
cblr-2952	390	1	80	80	NUM
cblr-2952	390	2	see	see	VERB
cblr-2952	390	3	bernard	bernard	PROPN
cblr-2952	390	4	s.	s.	PROPN
cblr-2952	390	5	black	black	PROPN
cblr-2952	390	6	&	&	CCONJ
cblr-2952	390	7	henry	henry	PROPN
cblr-2952	390	8	t.c	t.c	PROPN
cblr-2952	390	9	.	.	PROPN
cblr-2952	390	10	hu	hu	PROPN
cblr-2952	390	11	,	,	PUNCT
cblr-2952	390	12	hedge	hedge	NOUN
cblr-2952	390	13	funds	fund	NOUN
cblr-2952	390	14	,	,	PUNCT
cblr-2952	390	15	insiders	insider	NOUN
cblr-2952	390	16	,	,	PUNCT
cblr-2952	390	17	and	and	CCONJ
cblr-2952	390	18	the	the	DET
cblr-2952	390	19	decoupling	decoupling	NOUN
cblr-2952	390	20	of	of	ADP
cblr-2952	390	21	economic	economic	ADJ
cblr-2952	390	22	and	and	CCONJ
cblr-2952	390	23	voting	voting	NOUN
cblr-2952	390	24	ownership	ownership	NOUN
cblr-2952	390	25	:	:	PUNCT
cblr-2952	390	26	empty	empty	ADJ
cblr-2952	390	27	voting	voting	NOUN
cblr-2952	390	28	and	and	CCONJ
cblr-2952	390	29	hidden	hide	VERB
cblr-2952	390	30	(	(	PUNCT
cblr-2952	390	31	morphable	morphable	NUM
cblr-2952	390	32	)	)	PUNCT
cblr-2952	390	33	ownership	ownership	NOUN
cblr-2952	390	34	,	,	PUNCT
cblr-2952	390	35	113	113	NUM
cblr-2952	390	36	j.	j.	PROPN
cblr-2952	390	37	corp	corp	PROPN
cblr-2952	390	38	.	.	PROPN
cblr-2952	390	39	fin	fin	PROPN
cblr-2952	390	40	.	.	PUNCT
cblr-2952	391	1	343	343	NUM
cblr-2952	391	2	(	(	PUNCT
cblr-2952	391	3	2007	2007	NUM
cblr-2952	391	4	)	)	PUNCT
cblr-2952	391	5	(	(	PUNCT
cblr-2952	391	6	finding	find	VERB
cblr-2952	391	7	hedge	hedge	NOUN
cblr-2952	391	8	funds	fund	NOUN
cblr-2952	391	9	to	to	PART
cblr-2952	391	10	actively	actively	ADV
cblr-2952	391	11	practice	practice	VERB
cblr-2952	391	12	decoupling	decoupling	NOUN
cblr-2952	391	13	of	of	ADP
cblr-2952	391	14	voting	voting	NOUN
cblr-2952	391	15	rights	right	NOUN
cblr-2952	391	16	from	from	ADP
cblr-2952	391	17	equity	equity	NOUN
cblr-2952	391	18	shares	share	NOUN
cblr-2952	391	19	)	)	PUNCT
cblr-2952	391	20	.	.	PUNCT
cblr-2952	392	1	the	the	DET
cblr-2952	392	2	extent	extent	NOUN
cblr-2952	392	3	of	of	ADP
cblr-2952	392	4	this	this	DET
cblr-2952	392	5	problem	problem	NOUN
cblr-2952	392	6	has	have	AUX
cblr-2952	392	7	been	be	AUX
cblr-2952	392	8	disputed	dispute	VERB
cblr-2952	392	9	.	.	PUNCT
cblr-2952	393	1	see	see	VERB
cblr-2952	393	2	dale	dale	PROPN
cblr-2952	393	3	a.	a.	NOUN
cblr-2952	393	4	oesterle	oesterle	NOUN
cblr-2952	393	5	,	,	PUNCT
cblr-2952	393	6	regulating	regulate	VERB
cblr-2952	393	7	hedge	hedge	NOUN
cblr-2952	393	8	funds	fund	NOUN
cblr-2952	393	9	,	,	PUNCT
cblr-2952	393	10	n.	n.	NOUN
cblr-2952	393	11	160	160	NUM
cblr-2952	393	12	(	(	PUNCT
cblr-2952	393	13	june	june	PROPN
cblr-2952	393	14	2006	2006	NUM
cblr-2952	393	15	)	)	PUNCT
cblr-2952	393	16	,	,	PUNCT
cblr-2952	393	17	available	available	ADJ
cblr-2952	393	18	at	at	ADP
cblr-2952	393	19	http://ssrn.com/abstract=913045	http://ssrn.com/abstract=913045	NOUN
cblr-2952	393	20	.	.	PUNCT
cblr-2952	394	1	91	91	NUM
cblr-2952	394	2	see	see	VERB
cblr-2952	394	3	victor	victor	NOUN
cblr-2952	394	4	fleischer	fleischer	PROPN
cblr-2952	394	5	,	,	PUNCT
cblr-2952	394	6	two	two	NUM
cblr-2952	394	7	and	and	CCONJ
cblr-2952	394	8	twenty	twenty	NUM
cblr-2952	394	9	:	:	PUNCT
cblr-2952	394	10	taxing	tax	VERB
cblr-2952	394	11	partnership	partnership	NOUN
cblr-2952	394	12	profits	profit	NOUN
cblr-2952	394	13	in	in	ADP
cblr-2952	394	14	private	private	ADJ
cblr-2952	394	15	equity	equity	NOUN
cblr-2952	394	16	funds	fund	NOUN
cblr-2952	394	17	,	,	PUNCT
cblr-2952	394	18	(	(	PUNCT
cblr-2952	394	19	forthcoming	forthcoming	ADJ
cblr-2952	394	20	2008	2008	NUM
cblr-2952	394	21	)	)	PUNCT
cblr-2952	394	22	(	(	PUNCT
cblr-2952	394	23	examining	examine	VERB
cblr-2952	394	24	the	the	DET
cblr-2952	394	25	taxation	taxation	NOUN
cblr-2952	394	26	of	of	ADP
cblr-2952	394	27	hedge	hedge	NOUN
cblr-2952	394	28	fund	fund	NOUN
cblr-2952	394	29	and	and	CCONJ
cblr-2952	394	30	private	private	ADJ
cblr-2952	394	31	equity	equity	NOUN
cblr-2952	394	32	profits	profit	NOUN
cblr-2952	394	33	within	within	ADP
cblr-2952	394	34	a	a	DET
cblr-2952	394	35	variety	variety	NOUN
cblr-2952	394	36	of	of	ADP
cblr-2952	394	37	contexts	contexts	NOUN
cblr-2952	394	38	,	,	PUNCT
cblr-2952	394	39	including	include	VERB
cblr-2952	394	40	distributive	distributive	ADJ
cblr-2952	394	41	justice	justice	NOUN
cblr-2952	394	42	and	and	CCONJ
cblr-2952	394	43	regulatory	regulatory	ADJ
cblr-2952	394	44	gamesmanship	gamesmanship	NOUN
cblr-2952	394	45	grounds	ground	NOUN
cblr-2952	394	46	)	)	PUNCT
cblr-2952	394	47	.	.	PUNCT
cblr-2952	395	1	[	[	X
cblr-2952	395	2	vol	vol	NOUN
cblr-2952	395	3	.	.	PROPN
cblr-2952	395	4	2008	2008	NUM
cblr-2952	395	5	ii	ii	PROPN
cblr-2952	395	6	.	.	PUNCT
cblr-2952	396	1	the	the	DET
cblr-2952	396	2	regulation	regulation	NOUN
cblr-2952	396	3	of	of	ADP
cblr-2952	396	4	private	private	ADJ
cblr-2952	396	5	equity	equity	NOUN
cblr-2952	396	6	and	and	CCONJ
cblr-2952	396	7	hedge	hedge	NOUN
cblr-2952	396	8	funds	fund	NOUN
cblr-2952	396	9	the	the	DET
cblr-2952	396	10	public	public	ADJ
cblr-2952	396	11	profile	profile	NOUN
cblr-2952	396	12	of	of	ADP
cblr-2952	396	13	hedge	hedge	NOUN
cblr-2952	396	14	funds	fund	NOUN
cblr-2952	396	15	and	and	CCONJ
cblr-2952	396	16	private	private	ADJ
cblr-2952	396	17	equity	equity	NOUN
cblr-2952	396	18	in	in	ADP
cblr-2952	396	19	the	the	DET
cblr-2952	396	20	united	united	PROPN
cblr-2952	396	21	states	states	PROPN
cblr-2952	396	22	has	have	AUX
cblr-2952	396	23	been	be	AUX
cblr-2952	396	24	shaped	shape	VERB
cblr-2952	396	25	by	by	ADP
cblr-2952	396	26	two	two	NUM
cblr-2952	396	27	statutes	statute	NOUN
cblr-2952	396	28	enacted	enact	VERB
cblr-2952	396	29	in	in	ADP
cblr-2952	396	30	1940	1940	NUM
cblr-2952	396	31	:	:	PUNCT
cblr-2952	396	32	the	the	DET
cblr-2952	396	33	investment	investment	NOUN
cblr-2952	396	34	company	company	NOUN
cblr-2952	396	35	act	act	VERB
cblr-2952	396	36	and	and	CCONJ
cblr-2952	396	37	the	the	DET
cblr-2952	396	38	investment	investment	NOUN
cblr-2952	396	39	advisers	adviser	NOUN
cblr-2952	396	40	act	act	VERB
cblr-2952	396	41	(	(	PUNCT
cblr-2952	396	42	"	"	PUNCT
cblr-2952	396	43	advisers	adviser	NOUN
cblr-2952	396	44	act").92	act").92	PROPN
cblr-2952	396	45	this	this	DET
cblr-2952	396	46	part	part	NOUN
cblr-2952	396	47	discusses	discuss	VERB
cblr-2952	396	48	the	the	DET
cblr-2952	396	49	architecture	architecture	NOUN
cblr-2952	396	50	of	of	ADP
cblr-2952	396	51	these	these	DET
cblr-2952	396	52	acts	act	NOUN
cblr-2952	396	53	,	,	PUNCT
cblr-2952	396	54	highlighting	highlight	VERB
cblr-2952	396	55	in	in	ADP
cblr-2952	396	56	particular	particular	ADJ
cblr-2952	396	57	their	their	PRON
cblr-2952	396	58	fundamental	fundamental	ADJ
cblr-2952	396	59	incompatibility	incompatibility	NOUN
cblr-2952	396	60	with	with	ADP
cblr-2952	396	61	the	the	DET
cblr-2952	396	62	structure	structure	NOUN
cblr-2952	396	63	of	of	ADP
cblr-2952	396	64	today	today	NOUN
cblr-2952	396	65	's	's	PART
cblr-2952	396	66	hedge	hedge	NOUN
cblr-2952	396	67	funds	fund	NOUN
cblr-2952	396	68	and	and	CCONJ
cblr-2952	396	69	private	private	ADJ
cblr-2952	396	70	equity	equity	NOUN
cblr-2952	396	71	funds	fund	NOUN
cblr-2952	396	72	.	.	PUNCT
cblr-2952	397	1	the	the	DET
cblr-2952	397	2	effect	effect	NOUN
cblr-2952	397	3	is	be	AUX
cblr-2952	397	4	a	a	DET
cblr-2952	397	5	de	de	X
cblr-2952	397	6	facto	facto	X
cblr-2952	397	7	bar	bar	NOUN
cblr-2952	397	8	on	on	ADP
cblr-2952	397	9	hedge	hedge	NOUN
cblr-2952	397	10	funds	fund	NOUN
cblr-2952	397	11	and	and	CCONJ
cblr-2952	397	12	private	private	ADJ
cblr-2952	397	13	equity	equity	NOUN
cblr-2952	397	14	funds	fund	NOUN
cblr-2952	397	15	publicly	publicly	ADV
cblr-2952	397	16	accessing	access	VERB
cblr-2952	397	17	the	the	DET
cblr-2952	397	18	u.s	u.s	PROPN
cblr-2952	397	19	.	.	PROPN
cblr-2952	397	20	capital	capital	NOUN
cblr-2952	397	21	markets	market	NOUN
cblr-2952	397	22	so	so	SCONJ
cblr-2952	397	23	as	as	SCONJ
cblr-2952	397	24	to	to	PART
cblr-2952	397	25	avoid	avoid	VERB
cblr-2952	397	26	the	the	DET
cblr-2952	397	27	full	full	ADJ
cblr-2952	397	28	application	application	NOUN
cblr-2952	397	29	of	of	ADP
cblr-2952	397	30	these	these	DET
cblr-2952	397	31	acts	act	NOUN
cblr-2952	397	32	.	.	PUNCT
cblr-2952	398	1	in	in	ADP
cblr-2952	398	2	this	this	DET
cblr-2952	398	3	prohibition	prohibition	NOUN
cblr-2952	398	4	lies	lie	VERB
cblr-2952	398	5	the	the	DET
cblr-2952	398	6	regulatory	regulatory	ADJ
cblr-2952	398	7	foundation	foundation	NOUN
cblr-2952	398	8	for	for	ADP
cblr-2952	398	9	black	black	ADJ
cblr-2952	398	10	market	market	NOUN
cblr-2952	398	11	capital	capital	NOUN
cblr-2952	398	12	.	.	PUNCT
cblr-2952	399	1	a.	a.	NOUN
cblr-2952	400	1	the	the	DET
cblr-2952	400	2	investment	investment	NOUN
cblr-2952	400	3	company	company	NOUN
cblr-2952	400	4	act	act	VERB
cblr-2952	400	5	the	the	DET
cblr-2952	400	6	investment	investment	NOUN
cblr-2952	400	7	company	company	NOUN
cblr-2952	400	8	act	act	NOUN
cblr-2952	400	9	was	be	AUX
cblr-2952	400	10	adopted	adopt	VERB
cblr-2952	400	11	in	in	ADP
cblr-2952	400	12	1940	1940	NUM
cblr-2952	400	13	to	to	PART
cblr-2952	400	14	regulate	regulate	VERB
cblr-2952	400	15	investment	investment	NOUN
cblr-2952	400	16	fund	fund	NOUN
cblr-2952	400	17	practices	practice	NOUN
cblr-2952	400	18	.	.	PUNCT
cblr-2952	401	1	it	it	PRON
cblr-2952	401	2	is	be	AUX
cblr-2952	401	3	and	and	CCONJ
cblr-2952	401	4	was	be	AUX
cblr-2952	401	5	a	a	DET
cblr-2952	401	6	creature	creature	NOUN
cblr-2952	401	7	of	of	ADP
cblr-2952	401	8	that	that	DET
cblr-2952	401	9	time	time	NOUN
cblr-2952	401	10	,	,	PUNCT
cblr-2952	401	11	enacted	enact	VERB
cblr-2952	401	12	to	to	AUX
cblr-2952	401	13	reform	reform	VERB
cblr-2952	401	14	inappropriate	inappropriate	ADJ
cblr-2952	401	15	1920s	1920	NOUN
cblr-2952	401	16	investment	investment	NOUN
cblr-2952	401	17	fund	fund	NOUN
cblr-2952	401	18	practices	practice	NOUN
cblr-2952	401	19	which	which	PRON
cblr-2952	401	20	came	come	VERB
cblr-2952	401	21	to	to	ADP
cblr-2952	401	22	light	light	NOUN
cblr-2952	401	23	in	in	ADP
cblr-2952	401	24	the	the	DET
cblr-2952	401	25	wake	wake	NOUN
cblr-2952	401	26	of	of	ADP
cblr-2952	401	27	the	the	DET
cblr-2952	401	28	stock	stock	NOUN
cblr-2952	401	29	market	market	NOUN
cblr-2952	401	30	crash	crash	NOUN
cblr-2952	401	31	of	of	ADP
cblr-2952	401	32	1929	1929	NUM
cblr-2952	401	33	.	.	PUNCT
cblr-2952	402	1	93	93	NUM
cblr-2952	402	2	the	the	DET
cblr-2952	402	3	act	act	NOUN
cblr-2952	402	4	applies	apply	VERB
cblr-2952	402	5	to	to	ADP
cblr-2952	402	6	any	any	DET
cblr-2952	402	7	entity	entity	NOUN
cblr-2952	402	8	deemed	deem	VERB
cblr-2952	402	9	to	to	PART
cblr-2952	402	10	be	be	AUX
cblr-2952	402	11	an	an	DET
cblr-2952	402	12	investment	investment	NOUN
cblr-2952	402	13	company	company	NOUN
cblr-2952	402	14	.	.	PUNCT
cblr-2952	403	1	the	the	DET
cblr-2952	403	2	act	act	NOUN
cblr-2952	403	3	's	's	PART
cblr-2952	403	4	definition	definition	NOUN
cblr-2952	403	5	of	of	ADP
cblr-2952	403	6	an	an	DET
cblr-2952	403	7	investment	investment	NOUN
cblr-2952	403	8	company	company	NOUN
cblr-2952	403	9	encompasses	encompass	VERB
cblr-2952	403	10	any	any	DET
cblr-2952	403	11	corporate	corporate	ADJ
cblr-2952	403	12	entity	entity	NOUN
cblr-2952	403	13	which	which	PRON
cblr-2952	403	14	is	be	AUX
cblr-2952	403	15	or	or	CCONJ
cblr-2952	403	16	holds	hold	VERB
cblr-2952	403	17	itself	itself	PRON
cblr-2952	403	18	out	out	ADP
cblr-2952	403	19	as	as	ADP
cblr-2952	403	20	being	be	AUX
cblr-2952	403	21	engaged	engage	VERB
cblr-2952	403	22	primarily	primarily	ADV
cblr-2952	403	23	in	in	ADP
cblr-2952	403	24	the	the	DET
cblr-2952	403	25	business	business	NOUN
cblr-2952	403	26	of	of	ADP
cblr-2952	403	27	investing	investing	NOUN
cblr-2952	403	28	,	,	PUNCT
cblr-2952	403	29	reinvesting	reinveste	VERB
cblr-2952	403	30	,	,	PUNCT
cblr-2952	403	31	or	or	CCONJ
cblr-2952	403	32	trading	trading	NOUN
cblr-2952	403	33	in	in	ADP
cblr-2952	403	34	securities	security	NOUN
cblr-2952	403	35	.	.	PUNCT
cblr-2952	404	1	9	9	NUM
cblr-2952	404	2	'	'	PUNCT
cblr-2952	404	3	this	this	DET
cblr-2952	404	4	definition	definition	NOUN
cblr-2952	404	5	is	be	AUX
cblr-2952	404	6	exceedingly	exceedingly	ADV
cblr-2952	404	7	broad	broad	ADJ
cblr-2952	404	8	,	,	PUNCT
cblr-2952	404	9	but	but	CCONJ
cblr-2952	404	10	there	there	PRON
cblr-2952	404	11	are	be	VERB
cblr-2952	404	12	a	a	DET
cblr-2952	404	13	multi92	multi92	ADJ
cblr-2952	404	14	15	15	NUM
cblr-2952	404	15	u.s.c	u.s.c	NOUN
cblr-2952	404	16	.	.	PUNCT
cblr-2952	405	1	§	§	PROPN
cblr-2952	405	2	§	§	PROPN
cblr-2952	405	3	80b-1	80b-1	PROPN
cblr-2952	405	4	to	to	ADP
cblr-2952	405	5	80b-21	80b-21	NUM
cblr-2952	405	6	(	(	PUNCT
cblr-2952	405	7	2000	2000	NUM
cblr-2952	405	8	)	)	PUNCT
cblr-2952	405	9	.	.	PUNCT
cblr-2952	406	1	93	93	NUM
cblr-2952	406	2	for	for	ADP
cblr-2952	406	3	a	a	DET
cblr-2952	406	4	brief	brief	ADJ
cblr-2952	406	5	history	history	NOUN
cblr-2952	406	6	of	of	ADP
cblr-2952	406	7	the	the	DET
cblr-2952	406	8	investment	investment	NOUN
cblr-2952	406	9	company	company	NOUN
cblr-2952	406	10	act	act	NOUN
cblr-2952	406	11	,	,	PUNCT
cblr-2952	406	12	see	see	VERB
cblr-2952	406	13	a	a	DET
cblr-2952	406	14	celebration	celebration	NOUN
cblr-2952	406	15	of	of	ADP
cblr-2952	406	16	the	the	DET
cblr-2952	406	17	60th	60th	ADJ
cblr-2952	406	18	anniversary	anniversary	NOUN
cblr-2952	406	19	of	of	ADP
cblr-2952	406	20	the	the	DET
cblr-2952	406	21	investment	investment	NOUN
cblr-2952	406	22	company	company	NOUN
cblr-2952	406	23	act	act	VERB
cblr-2952	406	24	opening	opening	NOUN
cblr-2952	406	25	remarks	remark	NOUN
cblr-2952	406	26	by	by	ADP
cblr-2952	406	27	paul	paul	PROPN
cblr-2952	406	28	roye	roye	NOUN
cblr-2952	406	29	director	director	NOUN
cblr-2952	406	30	,	,	PUNCT
cblr-2952	406	31	division	division	NOUN
cblr-2952	406	32	of	of	ADP
cblr-2952	406	33	investment	investment	NOUN
cblr-2952	406	34	management	management	NOUN
cblr-2952	406	35	u.s	u.s	PROPN
cblr-2952	406	36	.	.	PROPN
cblr-2952	406	37	securities	securities	PROPN
cblr-2952	406	38	&	&	CCONJ
cblr-2952	406	39	exchange	exchange	PROPN
cblr-2952	406	40	commission	commission	PROPN
cblr-2952	406	41	(	(	PUNCT
cblr-2952	406	42	oct	oct	PROPN
cblr-2952	406	43	.	.	PROPN
cblr-2952	406	44	4	4	NUM
cblr-2952	406	45	,	,	PUNCT
cblr-2952	406	46	2000	2000	NUM
cblr-2952	406	47	)	)	PUNCT
cblr-2952	406	48	,	,	PUNCT
cblr-2952	406	49	available	available	ADJ
cblr-2952	406	50	at	at	ADP
cblr-2952	406	51	http://sec.gov/news/speech/spch405.htm	http://sec.gov/news/speech/spch405.htm	PROPN
cblr-2952	406	52	.	.	PROPN
cblr-2952	407	1	4	4	NUM
cblr-2952	407	2	15	15	NUM
cblr-2952	407	3	u.s.c	u.s.c	NOUN
cblr-2952	407	4	.	.	PUNCT
cblr-2952	408	1	§	§	PROPN
cblr-2952	408	2	80a-3(a)(1)(a	80a-3(a)(1)(a	NUM
cblr-2952	408	3	)	)	PUNCT
cblr-2952	408	4	(	(	PUNCT
cblr-2952	408	5	2007	2007	NUM
cblr-2952	408	6	)	)	PUNCT
cblr-2952	408	7	.	.	PUNCT
cblr-2952	409	1	the	the	DET
cblr-2952	409	2	definition	definition	NOUN
cblr-2952	409	3	also	also	ADV
cblr-2952	409	4	encompasses	encompass	VERB
cblr-2952	409	5	any	any	DET
cblr-2952	409	6	issuer	issuer	NOUN
cblr-2952	409	7	which	which	PRON
cblr-2952	409	8	"	"	PUNCT
cblr-2952	409	9	is	be	AUX
cblr-2952	409	10	engaged	engage	VERB
cblr-2952	409	11	or	or	CCONJ
cblr-2952	409	12	proposes	propose	VERB
cblr-2952	409	13	to	to	PART
cblr-2952	409	14	engage	engage	VERB
cblr-2952	409	15	in	in	ADP
cblr-2952	409	16	the	the	DET
cblr-2952	409	17	business	business	NOUN
cblr-2952	409	18	of	of	ADP
cblr-2952	409	19	investing	investing	NOUN
cblr-2952	409	20	,	,	PUNCT
cblr-2952	409	21	reinvesting	reinveste	VERB
cblr-2952	409	22	,	,	PUNCT
cblr-2952	409	23	owning	owning	NOUN
cblr-2952	409	24	,	,	PUNCT
cblr-2952	409	25	holding	holding	NOUN
cblr-2952	409	26	,	,	PUNCT
cblr-2952	409	27	or	or	CCONJ
cblr-2952	409	28	trading	trading	NOUN
cblr-2952	409	29	in	in	ADP
cblr-2952	409	30	securities	security	NOUN
cblr-2952	409	31	,	,	PUNCT
cblr-2952	409	32	and	and	CCONJ
cblr-2952	409	33	owns	own	VERB
cblr-2952	409	34	or	or	CCONJ
cblr-2952	409	35	proposes	propose	VERB
cblr-2952	409	36	to	to	PART
cblr-2952	409	37	acquire	acquire	VERB
cblr-2952	409	38	investment	investment	NOUN
cblr-2952	409	39	securities	security	NOUN
cblr-2952	409	40	having	have	VERB
cblr-2952	409	41	a	a	DET
cblr-2952	409	42	value	value	NOUN
cblr-2952	409	43	exceeding	exceed	VERB
cblr-2952	409	44	40	40	NUM
cblr-2952	409	45	percentum	percentum	NOUN
cblr-2952	409	46	of	of	ADP
cblr-2952	409	47	the	the	DET
cblr-2952	409	48	value	value	NOUN
cblr-2952	409	49	of	of	ADP
cblr-2952	409	50	such	such	ADJ
cblr-2952	409	51	issuer	issuer	NOUN
cblr-2952	409	52	's	's	PART
cblr-2952	409	53	total	total	ADJ
cblr-2952	409	54	assets	asset	NOUN
cblr-2952	409	55	(	(	PUNCT
cblr-2952	409	56	exclusive	exclusive	ADJ
cblr-2952	409	57	of	of	ADP
cblr-2952	409	58	government	government	NOUN
cblr-2952	409	59	securities	security	NOUN
cblr-2952	409	60	and	and	CCONJ
cblr-2952	409	61	cash	cash	NOUN
cblr-2952	409	62	items	item	NOUN
cblr-2952	409	63	)	)	PUNCT
cblr-2952	409	64	on	on	ADP
cblr-2952	409	65	an	an	DET
cblr-2952	409	66	unconsolidated	unconsolidated	ADJ
cblr-2952	409	67	basis	basis	NOUN
cblr-2952	409	68	.	.	PUNCT
cblr-2952	409	69	"	"	PUNCT
cblr-2952	410	1	i	i	PRON
cblr-2952	410	2	d.	d.	PROPN
cblr-2952	410	3	§	§	PROPN
cblr-2952	410	4	80a3(a)(1)(c	80a3(a)(1)(c	PROPN
cblr-2952	410	5	)	)	PUNCT
cblr-2952	410	6	.	.	PUNCT
cblr-2952	411	1	no	no	INTJ
cblr-2952	411	2	.	.	PUNCT
cblr-2952	412	1	1:1721	1:1721	NUM
cblr-2952	412	2	black	black	ADJ
cblr-2952	412	3	market	market	NOUN
cblr-2952	412	4	capital	capital	NOUN
cblr-2952	412	5	tude	tude	NOUN
cblr-2952	412	6	of	of	ADP
cblr-2952	412	7	complex	complex	ADJ
cblr-2952	412	8	exemptions	exemption	NOUN
cblr-2952	412	9	to	to	ADP
cblr-2952	412	10	the	the	DET
cblr-2952	412	11	definition	definition	NOUN
cblr-2952	412	12	.	.	PUNCT
cblr-2952	413	1	5	5	NUM
cblr-2952	413	2	if	if	SCONJ
cblr-2952	413	3	an	an	DET
cblr-2952	413	4	entity	entity	NOUN
cblr-2952	413	5	meets	meet	VERB
cblr-2952	413	6	the	the	DET
cblr-2952	413	7	definition	definition	NOUN
cblr-2952	413	8	and	and	CCONJ
cblr-2952	413	9	can	can	AUX
cblr-2952	413	10	not	not	PART
cblr-2952	413	11	otherwise	otherwise	ADV
cblr-2952	413	12	find	find	VERB
cblr-2952	413	13	an	an	DET
cblr-2952	413	14	exemption	exemption	NOUN
cblr-2952	413	15	it	it	PRON
cblr-2952	413	16	must	must	AUX
cblr-2952	413	17	then	then	ADV
cblr-2952	413	18	register	register	VERB
cblr-2952	413	19	with	with	ADP
cblr-2952	413	20	the	the	DET
cblr-2952	413	21	sec	sec	PROPN
cblr-2952	413	22	as	as	ADP
cblr-2952	413	23	an	an	DET
cblr-2952	413	24	investment	investment	NOUN
cblr-2952	413	25	company	company	NOUN
cblr-2952	413	26	.	.	PUNCT
cblr-2952	413	27	"	"	PUNCT
cblr-2952	414	1	a	a	DET
cblr-2952	414	2	registered	register	VERB
cblr-2952	414	3	investment	investment	NOUN
cblr-2952	414	4	company	company	NOUN
cblr-2952	414	5	then	then	ADV
cblr-2952	414	6	comes	come	VERB
cblr-2952	414	7	under	under	ADP
cblr-2952	414	8	the	the	DET
cblr-2952	414	9	full	full	ADJ
cblr-2952	414	10	aegis	aegis	NOUN
cblr-2952	414	11	of	of	ADP
cblr-2952	414	12	the	the	DET
cblr-2952	414	13	act	act	NOUN
cblr-2952	414	14	and	and	CCONJ
cblr-2952	414	15	its	its	PRON
cblr-2952	414	16	promulgated	promulgate	VERB
cblr-2952	414	17	rules	rule	NOUN
cblr-2952	414	18	as	as	ADV
cblr-2952	414	19	well	well	ADV
cblr-2952	414	20	as	as	ADP
cblr-2952	414	21	the	the	DET
cblr-2952	414	22	regulatory	regulatory	ADJ
cblr-2952	414	23	supervision	supervision	NOUN
cblr-2952	414	24	of	of	ADP
cblr-2952	414	25	the	the	DET
cblr-2952	414	26	sec	sec	PROPN
cblr-2952	414	27	.	.	PUNCT
cblr-2952	415	1	the	the	DET
cblr-2952	415	2	investment	investment	NOUN
cblr-2952	415	3	company	company	NOUN
cblr-2952	415	4	act	act	VERB
cblr-2952	415	5	and	and	CCONJ
cblr-2952	415	6	its	its	PRON
cblr-2952	415	7	related	related	ADJ
cblr-2952	415	8	rules	rule	NOUN
cblr-2952	415	9	are	be	AUX
cblr-2952	415	10	in	in	ADP
cblr-2952	415	11	large	large	ADJ
cblr-2952	415	12	part	part	NOUN
cblr-2952	415	13	designed	design	VERB
cblr-2952	415	14	to	to	PART
cblr-2952	415	15	regulate	regulate	VERB
cblr-2952	415	16	modern	modern	ADJ
cblr-2952	415	17	day	day	NOUN
cblr-2952	415	18	investment	investment	NOUN
cblr-2952	415	19	companies	company	NOUN
cblr-2952	415	20	now	now	ADV
cblr-2952	415	21	commonly	commonly	ADV
cblr-2952	415	22	known	know	VERB
cblr-2952	415	23	as	as	ADP
cblr-2952	415	24	mutual	mutual	ADJ
cblr-2952	415	25	funds.97	funds.97	NOUN
cblr-2952	415	26	more	more	ADV
cblr-2952	415	27	specifically	specifically	ADV
cblr-2952	415	28	,	,	PUNCT
cblr-2952	415	29	the	the	DET
cblr-2952	415	30	act	act	NOUN
cblr-2952	415	31	and	and	CCONJ
cblr-2952	415	32	its	its	PRON
cblr-2952	415	33	rules	rule	NOUN
cblr-2952	415	34	have	have	AUX
cblr-2952	415	35	been	be	AUX
cblr-2952	415	36	promulgated	promulgate	VERB
cblr-2952	415	37	by	by	ADP
cblr-2952	415	38	the	the	DET
cblr-2952	415	39	sec	sec	PROPN
cblr-2952	415	40	to	to	PART
cblr-2952	415	41	accommodate	accommodate	VERB
cblr-2952	415	42	and	and	CCONJ
cblr-2952	415	43	regulate	regulate	VERB
cblr-2952	415	44	the	the	DET
cblr-2952	415	45	current	current	ADJ
cblr-2952	415	46	and	and	CCONJ
cblr-2952	415	47	specific	specific	ADJ
cblr-2952	415	48	structure	structure	NOUN
cblr-2952	415	49	of	of	ADP
cblr-2952	415	50	mutual	mutual	ADJ
cblr-2952	415	51	fund	fund	NOUN
cblr-2952	415	52	investments	investment	NOUN
cblr-2952	415	53	without	without	ADP
cblr-2952	415	54	real	real	ADJ
cblr-2952	415	55	regard	regard	NOUN
cblr-2952	415	56	to	to	ADP
cblr-2952	415	57	the	the	DET
cblr-2952	415	58	effect	effect	NOUN
cblr-2952	415	59	of	of	ADP
cblr-2952	415	60	these	these	DET
cblr-2952	415	61	laws	law	NOUN
cblr-2952	415	62	on	on	ADP
cblr-2952	415	63	many	many	ADJ
cblr-2952	415	64	other	other	ADJ
cblr-2952	415	65	species	specie	NOUN
cblr-2952	415	66	of	of	ADP
cblr-2952	415	67	open	open	ADJ
cblr-2952	415	68	-	-	PUNCT
cblr-2952	415	69	end	end	NOUN
cblr-2952	415	70	investment	investment	NOUN
cblr-2952	415	71	companies	company	NOUN
cblr-2952	415	72	otherwise	otherwise	ADV
cblr-2952	415	73	potentially	potentially	ADV
cblr-2952	415	74	subject	subject	ADJ
cblr-2952	415	75	to	to	ADP
cblr-2952	415	76	the	the	DET
cblr-2952	415	77	act	act	NOUN
cblr-2952	415	78	.	.	PUNCT
cblr-2952	416	1	a	a	DET
cblr-2952	416	2	consequence	consequence	NOUN
cblr-2952	416	3	is	be	AUX
cblr-2952	416	4	that	that	SCONJ
cblr-2952	416	5	the	the	DET
cblr-2952	416	6	typical	typical	ADJ
cblr-2952	416	7	hedge	hedge	NOUN
cblr-2952	416	8	fund	fund	NOUN
cblr-2952	416	9	or	or	CCONJ
cblr-2952	416	10	private	private	ADJ
cblr-2952	416	11	equity	equity	NOUN
cblr-2952	416	12	fund	fund	NOUN
cblr-2952	416	13	operates	operate	VERB
cblr-2952	416	14	in	in	ADP
cblr-2952	416	15	conflict	conflict	NOUN
cblr-2952	416	16	with	with	ADP
cblr-2952	416	17	this	this	DET
cblr-2952	416	18	regulatory	regulatory	ADJ
cblr-2952	416	19	regime	regime	NOUN
cblr-2952	416	20	.	.	PUNCT
cblr-2952	417	1	these	these	DET
cblr-2952	417	2	conflicts	conflict	NOUN
cblr-2952	417	3	are	be	AUX
cblr-2952	417	4	pervasive	pervasive	ADJ
cblr-2952	417	5	,	,	PUNCT
cblr-2952	417	6	and	and	CCONJ
cblr-2952	417	7	if	if	SCONJ
cblr-2952	417	8	the	the	DET
cblr-2952	417	9	act	act	NOUN
cblr-2952	417	10	and	and	CCONJ
cblr-2952	417	11	its	its	PRON
cblr-2952	417	12	related	related	ADJ
cblr-2952	417	13	rules	rule	NOUN
cblr-2952	417	14	fully	fully	ADV
cblr-2952	417	15	applied	apply	VERB
cblr-2952	417	16	to	to	ADP
cblr-2952	417	17	hedge	hedge	VERB
cblr-2952	417	18	funds	fund	NOUN
cblr-2952	417	19	or	or	CCONJ
cblr-2952	417	20	private	private	ADJ
cblr-2952	417	21	equity	equity	NOUN
cblr-2952	417	22	funds	fund	NOUN
cblr-2952	417	23	,	,	PUNCT
cblr-2952	417	24	it	it	PRON
cblr-2952	417	25	would	would	AUX
cblr-2952	417	26	end	end	VERB
cblr-2952	417	27	the	the	DET
cblr-2952	417	28	ability	ability	NOUN
cblr-2952	417	29	of	of	ADP
cblr-2952	417	30	these	these	DET
cblr-2952	417	31	funds	fund	NOUN
cblr-2952	417	32	to	to	PART
cblr-2952	417	33	exist	exist	VERB
cblr-2952	417	34	in	in	ADP
cblr-2952	417	35	their	their	PRON
cblr-2952	417	36	current	current	ADJ
cblr-2952	417	37	form	form	NOUN
cblr-2952	417	38	and	and	CCONJ
cblr-2952	417	39	maintain	maintain	VERB
cblr-2952	417	40	their	their	PRON
cblr-2952	417	41	unique	unique	ADJ
cblr-2952	417	42	investment	investment	NOUN
cblr-2952	417	43	attributes	attribute	NOUN
cblr-2952	417	44	.	.	PUNCT
cblr-2952	418	1	first	first	ADV
cblr-2952	418	2	,	,	PUNCT
cblr-2952	418	3	private	private	ADJ
cblr-2952	418	4	equity	equity	NOUN
cblr-2952	418	5	by	by	ADP
cblr-2952	418	6	its	its	PRON
cblr-2952	418	7	very	very	ADJ
cblr-2952	418	8	nature	nature	NOUN
cblr-2952	418	9	requires	require	VERB
cblr-2952	418	10	leverage	leverage	NOUN
cblr-2952	418	11	and	and	CCONJ
cblr-2952	418	12	borrowing	borrowing	NOUN
cblr-2952	418	13	.	.	PUNCT
cblr-2952	419	1	a	a	DET
cblr-2952	419	2	private	private	ADJ
cblr-2952	419	3	equity	equity	NOUN
cblr-2952	419	4	acquisition	acquisition	NOUN
cblr-2952	419	5	is	be	AUX
cblr-2952	419	6	typically	typically	ADV
cblr-2952	419	7	twenty	twenty	NUM
cblr-2952	419	8	to	to	PART
cblr-2952	419	9	thirty	thirty	NUM
cblr-2952	419	10	percent	percent	NOUN
cblr-2952	419	11	equity	equity	NOUN
cblr-2952	419	12	financed	finance	VERB
cblr-2952	419	13	;	;	PUNCT
cblr-2952	419	14	the	the	DET
cblr-2952	419	15	remainder	remainder	NOUN
cblr-2952	419	16	is	be	AUX
cblr-2952	419	17	debt.9	debt.9	ADJ
cblr-2952	419	18	"	"	PUNCT
cblr-2952	419	19	hedge	hedge	NOUN
cblr-2952	419	20	funds	fund	NOUN
cblr-2952	419	21	also	also	ADV
cblr-2952	419	22	employ	employ	VERB
cblr-2952	419	23	leverage	leverage	NOUN
cblr-2952	419	24	and	and	CCONJ
cblr-2952	419	25	borrowing	borrowing	NOUN
cblr-2952	419	26	in	in	ADP
cblr-2952	419	27	order	order	NOUN
cblr-2952	419	28	to	to	PART
cblr-2952	419	29	boost	boost	VERB
cblr-2952	419	30	returns	return	NOUN
cblr-2952	419	31	and	and	CCONJ
cblr-2952	419	32	adjust	adjust	VERB
cblr-2952	419	33	their	their	PRON
cblr-2952	419	34	risk	risk	NOUN
cblr-2952	419	35	-	-	PUNCT
cblr-2952	419	36	profile.99	profile.99	NOUN
cblr-2952	419	37	but	but	CCONJ
cblr-2952	419	38	the	the	DET
cblr-2952	419	39	investment	investment	NOUN
cblr-2952	419	40	company	company	NOUN
cblr-2952	419	41	act	act	VERB
cblr-2952	419	42	limits	limit	VERB
cblr-2952	419	43	leverage	leverage	NOUN
cblr-2952	419	44	and	and	CCONJ
cblr-2952	419	45	borrowing	borrowing	NOUN
cblr-2952	419	46	by	by	ADP
cblr-2952	419	47	generally	generally	ADV
cblr-2952	419	48	requiring	require	VERB
cblr-2952	419	49	that	that	SCONJ
cblr-2952	419	50	an	an	DET
cblr-2952	419	51	investment	investment	NOUN
cblr-2952	419	52	company	company	NOUN
cblr-2952	419	53	maintain	maintain	VERB
cblr-2952	419	54	"	"	PUNCT
cblr-2952	419	55	determining	determine	VERB
cblr-2952	419	56	if	if	SCONJ
cblr-2952	419	57	an	an	DET
cblr-2952	419	58	entity	entity	NOUN
cblr-2952	419	59	qualifies	qualify	VERB
cblr-2952	419	60	for	for	ADP
cblr-2952	419	61	such	such	DET
cblr-2952	419	62	an	an	DET
cblr-2952	419	63	exemption	exemption	NOUN
cblr-2952	419	64	can	can	AUX
cblr-2952	419	65	be	be	AUX
cblr-2952	419	66	a	a	DET
cblr-2952	419	67	difficult	difficult	ADJ
cblr-2952	419	68	,	,	PUNCT
cblr-2952	419	69	intricate	intricate	ADJ
cblr-2952	419	70	task	task	NOUN
cblr-2952	419	71	and	and	CCONJ
cblr-2952	419	72	,	,	PUNCT
cblr-2952	419	73	in	in	ADP
cblr-2952	419	74	fact	fact	NOUN
cblr-2952	419	75	,	,	PUNCT
cblr-2952	419	76	there	there	PRON
cblr-2952	419	77	is	be	VERB
cblr-2952	419	78	an	an	DET
cblr-2952	419	79	entire	entire	ADJ
cblr-2952	419	80	treatise	treatise	NOUN
cblr-2952	419	81	on	on	ADP
cblr-2952	419	82	the	the	DET
cblr-2952	419	83	definitional	definitional	ADJ
cblr-2952	419	84	scope	scope	NOUN
cblr-2952	419	85	of	of	ADP
cblr-2952	419	86	an	an	DET
cblr-2952	419	87	investment	investment	NOUN
cblr-2952	419	88	company	company	NOUN
cblr-2952	419	89	and	and	CCONJ
cblr-2952	419	90	its	its	PRON
cblr-2952	419	91	exemptions	exemption	NOUN
cblr-2952	419	92	.	.	PUNCT
cblr-2952	420	1	see	see	VERB
cblr-2952	420	2	robert	robert	PROPN
cblr-2952	420	3	h.	h.	PROPN
cblr-2952	420	4	rosenblum	rosenblum	PROPN
cblr-2952	420	5	,	,	PUNCT
cblr-2952	420	6	investment	investment	NOUN
cblr-2952	420	7	company	company	NOUN
cblr-2952	420	8	determination	determination	NOUN
cblr-2952	420	9	under	under	ADP
cblr-2952	420	10	the	the	DET
cblr-2952	420	11	1940	1940	NUM
cblr-2952	420	12	act	act	NOUN
cblr-2952	420	13	:	:	PUNCT
cblr-2952	420	14	exemptions	exemption	NOUN
cblr-2952	420	15	and	and	CCONJ
cblr-2952	420	16	exemptions	exemption	NOUN
cblr-2952	420	17	(	(	PUNCT
cblr-2952	420	18	2003	2003	NUM
cblr-2952	420	19	)	)	PUNCT
cblr-2952	420	20	.	.	PUNCT
cblr-2952	421	1	9	9	NUM
cblr-2952	421	2	15	15	NUM
cblr-2952	421	3	u.s.c	u.s.c	ADJ
cblr-2952	421	4	§	§	PROPN
cblr-2952	421	5	80a-7(a	80a-7(a	NUM
cblr-2952	421	6	)	)	PUNCT
cblr-2952	421	7	(	(	PUNCT
cblr-2952	421	8	2007	2007	NUM
cblr-2952	421	9	)	)	PUNCT
cblr-2952	421	10	.	.	PUNCT
cblr-2952	422	1	97	97	NUM
cblr-2952	422	2	there	there	PRON
cblr-2952	422	3	are	be	VERB
cblr-2952	422	4	also	also	ADV
cblr-2952	422	5	specialized	specialized	ADJ
cblr-2952	422	6	rules	rule	NOUN
cblr-2952	422	7	under	under	ADP
cblr-2952	422	8	the	the	DET
cblr-2952	422	9	investment	investment	NOUN
cblr-2952	422	10	company	company	NOUN
cblr-2952	422	11	act	act	VERB
cblr-2952	422	12	for	for	ADP
cblr-2952	422	13	closed	closed	ADJ
cblr-2952	422	14	-	-	PUNCT
cblr-2952	422	15	end	end	NOUN
cblr-2952	422	16	investment	investment	NOUN
cblr-2952	422	17	companies	company	NOUN
cblr-2952	422	18	and	and	CCONJ
cblr-2952	422	19	business	business	NOUN
cblr-2952	422	20	development	development	NOUN
cblr-2952	422	21	companies	company	NOUN
cblr-2952	422	22	(	(	PUNCT
cblr-2952	422	23	"	"	PUNCT
cblr-2952	422	24	bdcs	bdcs	ADJ
cblr-2952	422	25	"	"	PUNCT
cblr-2952	422	26	)	)	PUNCT
cblr-2952	422	27	.	.	PUNCT
cblr-2952	423	1	98	98	NUM
cblr-2952	423	2	see	see	VERB
cblr-2952	423	3	harold	harold	PROPN
cblr-2952	423	4	bierman	bierman	PROPN
cblr-2952	423	5	,	,	PUNCT
cblr-2952	423	6	jr	jr	PROPN
cblr-2952	423	7	.	.	PROPN
cblr-2952	423	8	,	,	PUNCT
cblr-2952	423	9	private	private	ADJ
cblr-2952	423	10	equity	equity	NOUN
cblr-2952	423	11	:	:	PUNCT
cblr-2952	423	12	transforming	transform	VERB
cblr-2952	423	13	public	public	ADJ
cblr-2952	423	14	stock	stock	NOUN
cblr-2952	423	15	to	to	PART
cblr-2952	423	16	create	create	VERB
cblr-2952	423	17	value	value	NOUN
cblr-2952	423	18	4	4	NUM
cblr-2952	423	19	(	(	PUNCT
cblr-2952	423	20	john	john	PROPN
cblr-2952	423	21	wiley	wiley	PROPN
cblr-2952	423	22	&	&	CCONJ
cblr-2952	423	23	sons	sons	PROPN
cblr-2952	423	24	,	,	PUNCT
cblr-2952	423	25	inc	inc	PROPN
cblr-2952	423	26	.	.	PROPN
cblr-2952	423	27	2003	2003	NUM
cblr-2952	423	28	)	)	PUNCT
cblr-2952	423	29	.	.	PUNCT
cblr-2952	424	1	99	99	NUM
cblr-2952	424	2	see	see	VERB
cblr-2952	424	3	robert	robert	PROPN
cblr-2952	424	4	a.	a.	PROPN
cblr-2952	424	5	jaeger	jaeger	PROPN
cblr-2952	424	6	,	,	PUNCT
cblr-2952	424	7	all	all	PRON
cblr-2952	424	8	about	about	ADP
cblr-2952	424	9	hedge	hedge	NOUN
cblr-2952	424	10	funds	fund	NOUN
cblr-2952	424	11	4	4	NUM
cblr-2952	424	12	-	-	SYM
cblr-2952	424	13	5	5	NUM
cblr-2952	424	14	(	(	PUNCT
cblr-2952	424	15	mcgraw	mcgraw	NOUN
cblr-2952	424	16	-	-	PUNCT
cblr-2952	424	17	hill	hill	NOUN
cblr-2952	424	18	2003	2003	NUM
cblr-2952	424	19	)	)	PUNCT
cblr-2952	424	20	.	.	PUNCT
cblr-2952	425	1	col	col	PROPN
cblr-2952	425	2	umbia	umbia	PROPN
cblr-2952	425	3	b	b	PROPN
cblr-2952	425	4	usiness	usiness	PROPN
cblr-2952	425	5	la	la	PROPN
cblr-2952	425	6	w	w	PROPN
cblr-2952	425	7	re	re	PROPN
cblr-2952	425	8	vie	vie	PROPN
cblr-2952	425	9	w	w	PROPN
cblr-2952	426	1	[	[	X
cblr-2952	426	2	vol	vol	NOUN
cblr-2952	426	3	.	.	NOUN
cblr-2952	426	4	2008	2008	NUM
cblr-2952	426	5	an	an	DET
cblr-2952	426	6	asset	asset	NOUN
cblr-2952	426	7	coverage	coverage	NOUN
cblr-2952	426	8	of	of	ADP
cblr-2952	426	9	at	at	ADV
cblr-2952	426	10	least	least	ADV
cblr-2952	426	11	three	three	NUM
cblr-2952	426	12	hundred	hundred	NUM
cblr-2952	426	13	percent	percent	NOUN
cblr-2952	426	14	.	.	PUNCT
cblr-2952	426	15	'	'	PUNCT
cblr-2952	427	1	moreover	moreover	ADV
cblr-2952	427	2	,	,	PUNCT
cblr-2952	427	3	the	the	DET
cblr-2952	427	4	hedging	hedging	NOUN
cblr-2952	427	5	typically	typically	ADV
cblr-2952	427	6	utilized	utilize	VERB
cblr-2952	427	7	by	by	ADP
cblr-2952	427	8	hedge	hedge	NOUN
cblr-2952	427	9	funds	fund	NOUN
cblr-2952	427	10	is	be	AUX
cblr-2952	427	11	generally	generally	ADV
cblr-2952	427	12	restricted	restrict	VERB
cblr-2952	427	13	for	for	ADP
cblr-2952	427	14	investment	investment	NOUN
cblr-2952	427	15	companies	company	NOUN
cblr-2952	427	16	by	by	ADP
cblr-2952	427	17	the	the	DET
cblr-2952	427	18	investment	investment	NOUN
cblr-2952	427	19	company	company	NOUN
cblr-2952	427	20	act	act	VERB
cblr-2952	427	21	limitations	limitation	NOUN
cblr-2952	427	22	on	on	ADP
cblr-2952	427	23	shorting	shorting	NOUN
cblr-2952	427	24	and	and	CCONJ
cblr-2952	427	25	purchasing	purchase	VERB
cblr-2952	427	26	securities	security	NOUN
cblr-2952	427	27	on	on	ADP
cblr-2952	427	28	margin	margin	NOUN
cblr-2952	427	29	.	.	PUNCT
cblr-2952	427	30	'	'	PUNCT
cblr-2952	428	1	both	both	DET
cblr-2952	428	2	private	private	ADJ
cblr-2952	428	3	equity	equity	NOUN
cblr-2952	428	4	and	and	CCONJ
cblr-2952	428	5	hedge	hedge	NOUN
cblr-2952	428	6	funds	fund	NOUN
cblr-2952	428	7	often	often	ADV
cblr-2952	428	8	also	also	ADV
cblr-2952	428	9	concentrate	concentrate	VERB
cblr-2952	428	10	their	their	PRON
cblr-2952	428	11	investments	investment	NOUN
cblr-2952	428	12	and	and	CCONJ
cblr-2952	428	13	invest	invest	VERB
cblr-2952	428	14	in	in	ADP
cblr-2952	428	15	illiquid	illiquid	ADJ
cblr-2952	428	16	investments	investment	NOUN
cblr-2952	428	17	and	and	CCONJ
cblr-2952	428	18	restricted	restricted	ADJ
cblr-2952	428	19	securities	security	NOUN
cblr-2952	428	20	,	,	PUNCT
cblr-2952	428	21	thereby	thereby	ADV
cblr-2952	428	22	decreasing	decrease	VERB
cblr-2952	428	23	diversification	diversification	NOUN
cblr-2952	428	24	and	and	CCONJ
cblr-2952	428	25	potentially	potentially	ADV
cblr-2952	428	26	increasing	increase	VERB
cblr-2952	428	27	alpha	alpha	NOUN
cblr-2952	428	28	.	.	PUNCT
cblr-2952	429	1	these	these	DET
cblr-2952	429	2	practices	practice	NOUN
cblr-2952	429	3	are	be	AUX
cblr-2952	429	4	also	also	ADV
cblr-2952	429	5	restricted	restrict	VERB
cblr-2952	429	6	by	by	ADP
cblr-2952	429	7	the	the	DET
cblr-2952	429	8	investment	investment	NOUN
cblr-2952	429	9	company	company	NOUN
cblr-2952	429	10	act	act	VERB
cblr-2952	429	11	.	.	PUNCT
cblr-2952	430	1	0	0	NUM
cblr-2952	430	2	2	2	NUM
cblr-2952	430	3	moreover	moreover	ADV
cblr-2952	430	4	,	,	PUNCT
cblr-2952	430	5	hedge	hedge	NOUN
cblr-2952	430	6	funds	fund	NOUN
cblr-2952	430	7	and	and	CCONJ
cblr-2952	430	8	private	private	ADJ
cblr-2952	430	9	equity	equity	NOUN
cblr-2952	430	10	funds	fund	NOUN
cblr-2952	430	11	typically	typically	ADV
cblr-2952	430	12	have	have	AUX
cblr-2952	430	13	contractually	contractually	ADV
cblr-2952	430	14	created	create	VERB
cblr-2952	430	15	lock	lock	NOUN
cblr-2952	430	16	-	-	PUNCT
cblr-2952	430	17	up	up	ADP
cblr-2952	430	18	periods	period	NOUN
cblr-2952	430	19	for	for	ADP
cblr-2952	430	20	invested	invest	VERB
cblr-2952	430	21	and	and	CCONJ
cblr-2952	430	22	committed	committed	ADJ
cblr-2952	430	23	capital	capital	NOUN
cblr-2952	430	24	.	.	PUNCT
cblr-2952	431	1	private	private	ADJ
cblr-2952	431	2	equity	equity	NOUN
cblr-2952	431	3	is	be	AUX
cblr-2952	431	4	generally	generally	ADV
cblr-2952	431	5	the	the	DET
cblr-2952	431	6	stricter	strict	ADJ
cblr-2952	431	7	of	of	ADP
cblr-2952	431	8	the	the	DET
cblr-2952	431	9	two	two	NUM
cblr-2952	431	10	and	and	CCONJ
cblr-2952	431	11	requires	require	VERB
cblr-2952	431	12	up	up	ADP
cblr-2952	431	13	to	to	ADP
cblr-2952	431	14	a	a	DET
cblr-2952	431	15	ten	ten	NUM
cblr-2952	431	16	-	-	PUNCT
cblr-2952	431	17	year	year	NOUN
cblr-2952	431	18	commitment	commitment	NOUN
cblr-2952	431	19	whereas	whereas	SCONJ
cblr-2952	431	20	capital	capital	NOUN
cblr-2952	431	21	invested	invest	VERB
cblr-2952	431	22	with	with	ADP
cblr-2952	431	23	hedge	hedge	NOUN
cblr-2952	431	24	funds	fund	NOUN
cblr-2952	431	25	has	have	VERB
cblr-2952	431	26	an	an	DET
cblr-2952	431	27	initial	initial	ADJ
cblr-2952	431	28	lock	lock	NOUN
cblr-2952	431	29	-	-	PUNCT
cblr-2952	431	30	up	up	NOUN
cblr-2952	431	31	of	of	ADP
cblr-2952	431	32	six	six	NUM
cblr-2952	431	33	to	to	PART
cblr-2952	431	34	eighteen	eighteen	NUM
cblr-2952	431	35	months	month	NOUN
cblr-2952	431	36	and	and	CCONJ
cblr-2952	431	37	thereafter	thereafter	ADV
cblr-2952	431	38	can	can	AUX
cblr-2952	431	39	typically	typically	ADV
cblr-2952	431	40	be	be	AUX
cblr-2952	431	41	redeemed	redeem	VERB
cblr-2952	431	42	at	at	ADP
cblr-2952	431	43	periodic	periodic	ADJ
cblr-2952	431	44	times	time	NOUN
cblr-2952	431	45	during	during	ADP
cblr-2952	431	46	the	the	DET
cblr-2952	431	47	year	year	NOUN
cblr-2952	431	48	subject	subject	NOUN
cblr-2952	431	49	to	to	ADP
cblr-2952	431	50	early	early	ADJ
cblr-2952	431	51	redemption	redemption	NOUN
cblr-2952	431	52	penalties	penalty	NOUN
cblr-2952	431	53	if	if	SCONJ
cblr-2952	431	54	withdrawn	withdraw	VERB
cblr-2952	431	55	at	at	ADP
cblr-2952	431	56	other	other	ADJ
cblr-2952	431	57	times.10	times.10	PROPN
cblr-2952	431	58	3	3	NUM
cblr-2952	431	59	the	the	DET
cblr-2952	431	60	structure	structure	NOUN
cblr-2952	431	61	of	of	ADP
cblr-2952	431	62	these	these	DET
cblr-2952	431	63	commitment	commitment	NOUN
cblr-2952	431	64	and	and	CCONJ
cblr-2952	431	65	redemption	redemption	NOUN
cblr-2952	431	66	provisions	provision	NOUN
cblr-2952	431	67	are	be	AUX
cblr-2952	431	68	in	in	ADP
cblr-2952	431	69	conflict	conflict	NOUN
cblr-2952	431	70	with	with	ADP
cblr-2952	431	71	the	the	DET
cblr-2952	431	72	general	general	ADJ
cblr-2952	431	73	investment	investment	NOUN
cblr-2952	431	74	company	company	NOUN
cblr-2952	431	75	act	act	NOUN
cblr-2952	431	76	requirement	requirement	NOUN
cblr-2952	431	77	that	that	SCONJ
cblr-2952	431	78	100	100	NUM
cblr-2952	431	79	15	15	NUM
cblr-2952	431	80	u.s.c	u.s.c	NOUN
cblr-2952	431	81	.	.	PUNCT
cblr-2952	432	1	§	§	PROPN
cblr-2952	432	2	§	§	PROPN
cblr-2952	432	3	80a-18(a)(1)(a	80a-18(a)(1)(a	NUM
cblr-2952	432	4	)	)	PUNCT
cblr-2952	432	5	,	,	PUNCT
cblr-2952	432	6	(	(	PUNCT
cblr-2952	432	7	f)(1	f)(1	NOUN
cblr-2952	432	8	)	)	PUNCT
cblr-2952	432	9	(	(	PUNCT
cblr-2952	432	10	2004	2004	NUM
cblr-2952	432	11	)	)	PUNCT
cblr-2952	432	12	.	.	PUNCT
cblr-2952	433	1	101	101	NUM
cblr-2952	434	1	i	i	PROPN
cblr-2952	434	2	d.	d.	PROPN
cblr-2952	434	3	§	§	PROPN
cblr-2952	434	4	§	§	PROPN
cblr-2952	434	5	80a-12(a)(1	80a-12(a)(1	NUM
cblr-2952	434	6	)	)	PUNCT
cblr-2952	434	7	,	,	PUNCT
cblr-2952	434	8	(	(	PUNCT
cblr-2952	434	9	3	3	X
cblr-2952	434	10	)	)	PUNCT
cblr-2952	434	11	(	(	PUNCT
cblr-2952	434	12	1998	1998	NUM
cblr-2952	434	13	)	)	PUNCT
cblr-2952	434	14	.	.	PUNCT
cblr-2952	435	1	102	102	NUM
cblr-2952	435	2	see	see	VERB
cblr-2952	435	3	i	i	PRON
cblr-2952	435	4	d.	d.	PROPN
cblr-2952	435	5	§	§	PROPN
cblr-2952	435	6	§	§	PROPN
cblr-2952	435	7	80a-5(b)(1	80a-5(b)(1	NOUN
cblr-2952	435	8	)	)	PUNCT
cblr-2952	435	9	,	,	PUNCT
cblr-2952	435	10	13(a)(3	13(a)(3	NUM
cblr-2952	435	11	)	)	PUNCT
cblr-2952	435	12	.	.	PUNCT
cblr-2952	436	1	the	the	DET
cblr-2952	436	2	investment	investment	NOUN
cblr-2952	436	3	company	company	NOUN
cblr-2952	436	4	act	act	NOUN
cblr-2952	436	5	stipulates	stipulate	VERB
cblr-2952	436	6	that	that	SCONJ
cblr-2952	436	7	generally	generally	ADV
cblr-2952	436	8	an	an	DET
cblr-2952	436	9	open	open	ADV
cblr-2952	436	10	-	-	PUNCT
cblr-2952	436	11	ended	end	VERB
cblr-2952	436	12	investment	investment	NOUN
cblr-2952	436	13	company	company	NOUN
cblr-2952	436	14	may	may	AUX
cblr-2952	436	15	not	not	PART
cblr-2952	436	16	hold	hold	VERB
cblr-2952	436	17	fifteen	fifteen	NUM
cblr-2952	436	18	percent	percent	NOUN
cblr-2952	436	19	or	or	CCONJ
cblr-2952	436	20	more	more	ADJ
cblr-2952	436	21	of	of	ADP
cblr-2952	436	22	its	its	PRON
cblr-2952	436	23	assets	asset	NOUN
cblr-2952	436	24	in	in	ADP
cblr-2952	436	25	illiquid	illiquid	ADJ
cblr-2952	436	26	securities	security	NOUN
cblr-2952	436	27	.	.	PUNCT
cblr-2952	437	1	see	see	VERB
cblr-2952	437	2	revisions	revision	NOUN
cblr-2952	437	3	of	of	ADP
cblr-2952	437	4	guidelines	guideline	NOUN
cblr-2952	437	5	to	to	PART
cblr-2952	437	6	form	form	VERB
cblr-2952	437	7	n-1a	n-1a	PROPN
cblr-2952	437	8	,	,	PUNCT
cblr-2952	437	9	investment	investment	NOUN
cblr-2952	437	10	company	company	NOUN
cblr-2952	437	11	act	act	VERB
cblr-2952	437	12	release	release	VERB
cblr-2952	437	13	no	no	NOUN
cblr-2952	437	14	.	.	NOUN
cblr-2952	437	15	18,612	18,612	NUM
cblr-2952	437	16	,	,	PUNCT
cblr-2952	437	17	[	[	X
cblr-2952	437	18	1991	1991	NUM
cblr-2952	437	19	-	-	SYM
cblr-2952	437	20	1992	1992	NUM
cblr-2952	437	21	transfer	transfer	NOUN
cblr-2952	437	22	binder	binder	NOUN
cblr-2952	437	23	]	]	PUNCT
cblr-2952	437	24	fed	fed	PROPN
cblr-2952	437	25	.	.	PUNCT
cblr-2952	438	1	sec	sec	PROPN
cblr-2952	438	2	.	.	PROPN
cblr-2952	438	3	l.	l.	PROPN
cblr-2952	438	4	rep	rep	PROPN
cblr-2952	438	5	.	.	PROPN
cblr-2952	438	6	(	(	PUNCT
cblr-2952	438	7	cch	cch	PROPN
cblr-2952	438	8	)	)	PUNCT
cblr-2952	438	9	84,930	84,930	NUM
cblr-2952	438	10	,	,	PUNCT
cblr-2952	438	11	at	at	ADP
cblr-2952	438	12	82,477	82,477	NUM
cblr-2952	438	13	(	(	PUNCT
cblr-2952	438	14	mar	mar	PROPN
cblr-2952	438	15	.	.	PROPN
cblr-2952	438	16	12	12	NUM
cblr-2952	438	17	,	,	PUNCT
cblr-2952	438	18	1992	1992	NUM
cblr-2952	438	19	)	)	PUNCT
cblr-2952	438	20	.	.	PUNCT
cblr-2952	439	1	a	a	DET
cblr-2952	439	2	security	security	NOUN
cblr-2952	439	3	is	be	AUX
cblr-2952	439	4	considered	consider	VERB
cblr-2952	439	5	"	"	PUNCT
cblr-2952	439	6	illiquid	illiquid	ADJ
cblr-2952	439	7	"	"	PUNCT
cblr-2952	439	8	if	if	SCONJ
cblr-2952	439	9	a	a	DET
cblr-2952	439	10	fund	fund	NOUN
cblr-2952	439	11	is	be	AUX
cblr-2952	439	12	unable	unable	ADJ
cblr-2952	439	13	to	to	PART
cblr-2952	439	14	promptly	promptly	ADV
cblr-2952	439	15	sell	sell	VERB
cblr-2952	439	16	or	or	CCONJ
cblr-2952	439	17	dispose	dispose	NOUN
cblr-2952	439	18	of	of	ADP
cblr-2952	439	19	the	the	DET
cblr-2952	439	20	security	security	NOUN
cblr-2952	439	21	in	in	ADP
cblr-2952	439	22	the	the	DET
cblr-2952	439	23	ordinary	ordinary	ADJ
cblr-2952	439	24	course	course	NOUN
cblr-2952	439	25	of	of	ADP
cblr-2952	439	26	business	business	NOUN
cblr-2952	439	27	at	at	ADP
cblr-2952	439	28	its	its	PRON
cblr-2952	439	29	current	current	ADJ
cblr-2952	439	30	value	value	NOUN
cblr-2952	439	31	within	within	ADP
cblr-2952	439	32	seven	seven	NUM
cblr-2952	439	33	days	day	NOUN
cblr-2952	439	34	.	.	PUNCT
cblr-2952	440	1	see	see	VERB
cblr-2952	440	2	acquisition	acquisition	NOUN
cblr-2952	440	3	and	and	CCONJ
cblr-2952	440	4	valuation	valuation	NOUN
cblr-2952	440	5	of	of	ADP
cblr-2952	440	6	certain	certain	ADJ
cblr-2952	440	7	portfolio	portfolio	NOUN
cblr-2952	440	8	instruments	instrument	NOUN
cblr-2952	440	9	by	by	ADP
cblr-2952	440	10	registered	register	VERB
cblr-2952	440	11	investment	investment	NOUN
cblr-2952	440	12	companies	company	NOUN
cblr-2952	440	13	,	,	PUNCT
cblr-2952	440	14	release	release	VERB
cblr-2952	440	15	no	no	NOUN
cblr-2952	440	16	.	.	NOUN
cblr-2952	440	17	14,983	14,983	NUM
cblr-2952	441	1	[	[	X
cblr-2952	441	2	1985	1985	NUM
cblr-2952	441	3	-	-	SYM
cblr-2952	441	4	1986	1986	NUM
cblr-2952	441	5	transfer	transfer	NOUN
cblr-2952	441	6	binder	binder	NOUN
cblr-2952	441	7	]	]	PUNCT
cblr-2952	441	8	fed	fed	PROPN
cblr-2952	441	9	.	.	PUNCT
cblr-2952	442	1	sec	sec	PROPN
cblr-2952	442	2	.	.	PROPN
cblr-2952	442	3	l.	l.	PROPN
cblr-2952	442	4	rep	rep	PROPN
cblr-2952	442	5	.	.	PROPN
cblr-2952	442	6	(	(	PUNCT
cblr-2952	442	7	cch	cch	PROPN
cblr-2952	442	8	)	)	PUNCT
cblr-2952	442	9	83,972	83,972	NUM
cblr-2952	442	10	(	(	PUNCT
cblr-2952	442	11	march	march	PROPN
cblr-2952	442	12	12	12	NUM
cblr-2952	442	13	,	,	PUNCT
cblr-2952	442	14	1986	1986	NUM
cblr-2952	442	15	)	)	PUNCT
cblr-2952	442	16	.	.	PUNCT
cblr-2952	443	1	in	in	ADP
cblr-2952	443	2	addition	addition	NOUN
cblr-2952	443	3	,	,	PUNCT
cblr-2952	443	4	an	an	DET
cblr-2952	443	5	open	open	ADV
cblr-2952	443	6	-	-	PUNCT
cblr-2952	443	7	ended	end	VERB
cblr-2952	443	8	investment	investment	NOUN
cblr-2952	443	9	company	company	NOUN
cblr-2952	443	10	electing	elect	VERB
cblr-2952	443	11	to	to	PART
cblr-2952	443	12	be	be	AUX
cblr-2952	443	13	treated	treat	VERB
cblr-2952	443	14	as	as	ADP
cblr-2952	443	15	a	a	DET
cblr-2952	443	16	"	"	PUNCT
cblr-2952	443	17	diversified	diversified	ADJ
cblr-2952	443	18	"	"	PUNCT
cblr-2952	443	19	fund	fund	NOUN
cblr-2952	443	20	may	may	AUX
cblr-2952	443	21	not	not	PART
cblr-2952	443	22	hold	hold	VERB
cblr-2952	443	23	the	the	DET
cblr-2952	443	24	securities	security	NOUN
cblr-2952	443	25	of	of	ADP
cblr-2952	443	26	any	any	DET
cblr-2952	443	27	one	one	NUM
cblr-2952	443	28	issuer	issuer	NOUN
cblr-2952	443	29	in	in	ADP
cblr-2952	443	30	an	an	DET
cblr-2952	443	31	amount	amount	NOUN
cblr-2952	443	32	greater	great	ADJ
cblr-2952	443	33	in	in	ADP
cblr-2952	443	34	value	value	NOUN
cblr-2952	443	35	than	than	ADP
cblr-2952	443	36	five	five	NUM
cblr-2952	443	37	percent	percent	NOUN
cblr-2952	443	38	of	of	ADP
cblr-2952	443	39	the	the	DET
cblr-2952	443	40	value	value	NOUN
cblr-2952	443	41	of	of	ADP
cblr-2952	443	42	the	the	DET
cblr-2952	443	43	total	total	ADJ
cblr-2952	443	44	assets	asset	NOUN
cblr-2952	443	45	of	of	ADP
cblr-2952	443	46	such	such	ADJ
cblr-2952	443	47	management	management	NOUN
cblr-2952	443	48	company	company	NOUN
cblr-2952	443	49	and	and	CCONJ
cblr-2952	443	50	no	no	DET
cblr-2952	443	51	more	more	ADJ
cblr-2952	443	52	than	than	ADP
cblr-2952	443	53	ten	ten	NUM
cblr-2952	443	54	percent	percent	NOUN
cblr-2952	443	55	of	of	ADP
cblr-2952	443	56	the	the	DET
cblr-2952	443	57	outstanding	outstanding	ADJ
cblr-2952	443	58	voting	voting	NOUN
cblr-2952	443	59	securities	security	NOUN
cblr-2952	443	60	of	of	ADP
cblr-2952	443	61	such	such	ADJ
cblr-2952	443	62	issuer	issuer	NOUN
cblr-2952	443	63	.	.	PUNCT
cblr-2952	444	1	15	15	NUM
cblr-2952	444	2	u.s.c	u.s.c	NOUN
cblr-2952	444	3	.	.	PUNCT
cblr-2952	445	1	§	§	PROPN
cblr-2952	445	2	80a-5(b)(1	80a-5(b)(1	PROPN
cblr-2952	445	3	)	)	PUNCT
cblr-2952	445	4	(	(	PUNCT
cblr-2952	445	5	2004	2004	NUM
cblr-2952	445	6	)	)	PUNCT
cblr-2952	445	7	.	.	PUNCT
cblr-2952	446	1	"	"	PUNCT
cblr-2952	446	2	'	'	PUNCT
cblr-2952	446	3	see	see	VERB
cblr-2952	446	4	jonathan	jonathan	PROPN
cblr-2952	446	5	bevilacqua	bevilacqua	NOUN
cblr-2952	446	6	,	,	PUNCT
cblr-2952	446	7	convergence	convergence	NOUN
cblr-2952	446	8	and	and	CCONJ
cblr-2952	446	9	divergence	divergence	NOUN
cblr-2952	446	10	:	:	PUNCT
cblr-2952	446	11	blurring	blur	VERB
cblr-2952	446	12	the	the	DET
cblr-2952	446	13	lines	line	NOUN
cblr-2952	446	14	between	between	ADP
cblr-2952	446	15	hedge	hedge	NOUN
cblr-2952	446	16	funds	fund	NOUN
cblr-2952	446	17	and	and	CCONJ
cblr-2952	446	18	private	private	ADJ
cblr-2952	446	19	equity	equity	NOUN
cblr-2952	446	20	funds	fund	NOUN
cblr-2952	446	21	,	,	PUNCT
cblr-2952	446	22	54	54	NUM
cblr-2952	446	23	buff	buff	PROPN
cblr-2952	446	24	.	.	PUNCT
cblr-2952	446	25	l.	l.	PROPN
cblr-2952	446	26	rev	rev	PROPN
cblr-2952	446	27	.	.	PROPN
cblr-2952	446	28	251	251	NUM
cblr-2952	446	29	,	,	PUNCT
cblr-2952	446	30	260	260	NUM
cblr-2952	446	31	-	-	SYM
cblr-2952	446	32	61	61	NUM
cblr-2952	446	33	(	(	PUNCT
cblr-2952	446	34	2006	2006	NUM
cblr-2952	446	35	)	)	PUNCT
cblr-2952	446	36	.	.	PUNCT
cblr-2952	447	1	no	no	INTJ
cblr-2952	447	2	.	.	PUNCT
cblr-2952	448	1	1:172	1:172	NUM
cblr-2952	448	2	]	]	X
cblr-2952	448	3	black	black	ADJ
cblr-2952	448	4	market	market	NOUN
cblr-2952	448	5	capital	capital	PROPN
cblr-2952	448	6	columbia	columbia	PROPN
cblr-2952	448	7	business	business	PROPN
cblr-2952	448	8	law	law	PROPN
cblr-2952	448	9	review	review	VERB
cblr-2952	448	10	open	open	ADV
cblr-2952	448	11	-	-	PUNCT
cblr-2952	448	12	ended	end	VERB
cblr-2952	448	13	investment	investment	NOUN
cblr-2952	448	14	companies	company	NOUN
cblr-2952	448	15	permit	permit	VERB
cblr-2952	448	16	redemptions	redemption	NOUN
cblr-2952	448	17	at	at	ADP
cblr-2952	448	18	the	the	DET
cblr-2952	448	19	current	current	ADJ
cblr-2952	448	20	net	net	ADJ
cblr-2952	448	21	asset	asset	NOUN
cblr-2952	448	22	value	value	NOUN
cblr-2952	448	23	of	of	ADP
cblr-2952	448	24	such	such	ADJ
cblr-2952	448	25	security	security	NOUN
cblr-2952	448	26	computed	compute	VERB
cblr-2952	448	27	daily	daily	ADV
cblr-2952	448	28	.	.	PUNCT
cblr-2952	448	29	'	'	PUNCT
cblr-2952	449	1	the	the	DET
cblr-2952	449	2	incompatibility	incompatibility	NOUN
cblr-2952	449	3	of	of	ADP
cblr-2952	449	4	these	these	DET
cblr-2952	449	5	restrictions	restriction	NOUN
cblr-2952	449	6	is	be	AUX
cblr-2952	449	7	not	not	PART
cblr-2952	449	8	just	just	ADV
cblr-2952	449	9	one	one	NUM
cblr-2952	449	10	of	of	ADP
cblr-2952	449	11	governance	governance	NOUN
cblr-2952	449	12	:	:	PUNCT
cblr-2952	449	13	as	as	ADP
cblr-2952	449	14	detailed	detailed	ADJ
cblr-2952	449	15	supra	supra	NOUN
cblr-2952	449	16	,	,	PUNCT
cblr-2952	449	17	keystone	keystone	PROPN
cblr-2952	449	18	attributes	attribute	NOUN
cblr-2952	449	19	of	of	ADP
cblr-2952	449	20	both	both	CCONJ
cblr-2952	449	21	private	private	ADJ
cblr-2952	449	22	equity	equity	NOUN
cblr-2952	449	23	and	and	CCONJ
cblr-2952	449	24	hedge	hedge	NOUN
cblr-2952	449	25	funds	fund	NOUN
cblr-2952	449	26	are	be	AUX
cblr-2952	449	27	restricted	restrict	VERB
cblr-2952	449	28	or	or	CCONJ
cblr-2952	449	29	prohibited	prohibit	VERB
cblr-2952	449	30	by	by	ADP
cblr-2952	449	31	the	the	DET
cblr-2952	449	32	investment	investment	NOUN
cblr-2952	449	33	company	company	NOUN
cblr-2952	449	34	act	act	VERB
cblr-2952	449	35	.	.	PUNCT
cblr-2952	450	1	in	in	ADP
cblr-2952	450	2	either	either	DET
cblr-2952	450	3	case	case	NOUN
cblr-2952	450	4	,	,	PUNCT
cblr-2952	450	5	application	application	NOUN
cblr-2952	450	6	of	of	ADP
cblr-2952	450	7	the	the	DET
cblr-2952	450	8	act	act	NOUN
cblr-2952	450	9	's	's	PART
cblr-2952	450	10	requirements	requirement	NOUN
cblr-2952	450	11	places	place	VERB
cblr-2952	450	12	severe	severe	ADJ
cblr-2952	450	13	limitations	limitation	NOUN
cblr-2952	450	14	on	on	ADP
cblr-2952	450	15	the	the	DET
cblr-2952	450	16	investing	investing	NOUN
cblr-2952	450	17	ability	ability	NOUN
cblr-2952	450	18	of	of	ADP
cblr-2952	450	19	these	these	DET
cblr-2952	450	20	funds	fund	NOUN
cblr-2952	450	21	,	,	PUNCT
cblr-2952	450	22	hampering	hamper	VERB
cblr-2952	450	23	their	their	PRON
cblr-2952	450	24	capacity	capacity	NOUN
cblr-2952	450	25	to	to	PART
cblr-2952	450	26	earn	earn	VERB
cblr-2952	450	27	extraordinary	extraordinary	ADJ
cblr-2952	450	28	positive	positive	ADJ
cblr-2952	450	29	returns	return	NOUN
cblr-2952	450	30	and	and	CCONJ
cblr-2952	450	31	attract	attract	VERB
cblr-2952	450	32	capital	capital	NOUN
cblr-2952	450	33	.	.	PUNCT
cblr-2952	451	1	for	for	ADP
cblr-2952	451	2	example	example	NOUN
cblr-2952	451	3	,	,	PUNCT
cblr-2952	451	4	the	the	DET
cblr-2952	451	5	limitations	limitation	NOUN
cblr-2952	451	6	on	on	ADP
cblr-2952	451	7	leverage	leverage	NOUN
cblr-2952	451	8	imposed	impose	VERB
cblr-2952	451	9	by	by	ADP
cblr-2952	451	10	the	the	DET
cblr-2952	451	11	investment	investment	NOUN
cblr-2952	451	12	company	company	NOUN
cblr-2952	451	13	act	act	NOUN
cblr-2952	451	14	would	would	AUX
cblr-2952	451	15	make	make	VERB
cblr-2952	451	16	it	it	PRON
cblr-2952	451	17	impossible	impossible	ADJ
cblr-2952	451	18	for	for	ADP
cblr-2952	451	19	a	a	DET
cblr-2952	451	20	private	private	ADJ
cblr-2952	451	21	equity	equity	NOUN
cblr-2952	451	22	fund	fund	NOUN
cblr-2952	451	23	to	to	PART
cblr-2952	451	24	function	function	NOUN
cblr-2952	451	25	-	-	PUNCT
cblr-2952	451	26	leverage	leverage	NOUN
cblr-2952	451	27	is	be	AUX
cblr-2952	451	28	the	the	DET
cblr-2952	451	29	keystone	keystone	NOUN
cblr-2952	451	30	to	to	ADP
cblr-2952	451	31	their	their	PRON
cblr-2952	451	32	ability	ability	NOUN
cblr-2952	451	33	to	to	PART
cblr-2952	451	34	acquire	acquire	VERB
cblr-2952	451	35	corporate	corporate	ADJ
cblr-2952	451	36	entities	entity	NOUN
cblr-2952	451	37	.	.	PUNCT
cblr-2952	452	1	5	5	NUM
cblr-2952	452	2	it	it	PRON
cblr-2952	452	3	would	would	AUX
cblr-2952	452	4	likely	likely	ADV
cblr-2952	452	5	also	also	ADV
cblr-2952	452	6	reduce	reduce	VERB
cblr-2952	452	7	the	the	DET
cblr-2952	452	8	ability	ability	NOUN
cblr-2952	452	9	of	of	ADP
cblr-2952	452	10	hedge	hedge	NOUN
cblr-2952	452	11	funds	fund	NOUN
cblr-2952	452	12	to	to	PART
cblr-2952	452	13	earn	earn	VERB
cblr-2952	452	14	superior	superior	ADJ
cblr-2952	452	15	returns	return	NOUN
cblr-2952	452	16	.	.	PUNCT
cblr-2952	453	1	6	6	NUM
cblr-2952	453	2	this	this	DET
cblr-2952	453	3	effect	effect	NOUN
cblr-2952	453	4	would	would	AUX
cblr-2952	453	5	be	be	AUX
cblr-2952	453	6	compounded	compound	VERB
cblr-2952	453	7	by	by	ADP
cblr-2952	453	8	the	the	DET
cblr-2952	453	9	reduced	reduce	VERB
cblr-2952	453	10	ability	ability	NOUN
cblr-2952	453	11	of	of	ADP
cblr-2952	453	12	these	these	DET
cblr-2952	453	13	funds	fund	NOUN
cblr-2952	453	14	to	to	PART
cblr-2952	453	15	attract	attract	VERB
cblr-2952	453	16	human	human	ADJ
cblr-2952	453	17	capital	capital	NOUN
cblr-2952	453	18	due	due	ADP
cblr-2952	453	19	to	to	ADP
cblr-2952	453	20	the	the	DET
cblr-2952	453	21	reduced	reduce	VERB
cblr-2952	453	22	fees	fee	NOUN
cblr-2952	453	23	that	that	PRON
cblr-2952	453	24	could	could	AUX
cblr-2952	453	25	be	be	AUX
cblr-2952	453	26	earned	earn	VERB
cblr-2952	453	27	under	under	ADP
cblr-2952	453	28	the	the	DET
cblr-2952	453	29	advisers	adviser	NOUN
cblr-2952	453	30	act	act	VERB
cblr-2952	453	31	and	and	CCONJ
cblr-2952	453	32	other	other	ADJ
cblr-2952	453	33	requirements	requirement	NOUN
cblr-2952	453	34	if	if	SCONJ
cblr-2952	453	35	the	the	DET
cblr-2952	453	36	fund	fund	NOUN
cblr-2952	453	37	were	be	AUX
cblr-2952	453	38	public.0	public.0	PROPN
cblr-2952	453	39	7	7	NUM
cblr-2952	453	40	the	the	DET
cblr-2952	453	41	overall	overall	ADJ
cblr-2952	453	42	result	result	NOUN
cblr-2952	453	43	is	be	AUX
cblr-2952	453	44	that	that	SCONJ
cblr-2952	453	45	if	if	SCONJ
cblr-2952	453	46	the	the	DET
cblr-2952	453	47	investment	investment	NOUN
cblr-2952	453	48	company	company	NOUN
cblr-2952	453	49	act	act	NOUN
cblr-2952	453	50	were	be	AUX
cblr-2952	453	51	fully	fully	ADV
cblr-2952	453	52	applied	apply	VERB
cblr-2952	453	53	,	,	PUNCT
cblr-2952	453	54	a	a	DET
cblr-2952	453	55	private	private	ADJ
cblr-2952	453	56	equity	equity	NOUN
cblr-2952	453	57	or	or	CCONJ
cblr-2952	453	58	hedge	hedge	NOUN
cblr-2952	453	59	fund	fund	NOUN
cblr-2952	453	60	could	could	AUX
cblr-2952	453	61	not	not	PART
cblr-2952	453	62	maintain	maintain	VERB
cblr-2952	453	63	the	the	DET
cblr-2952	453	64	characteristics	characteristic	NOUN
cblr-2952	453	65	that	that	PRON
cblr-2952	453	66	likely	likely	ADV
cblr-2952	453	67	underpinned	underpin	VERB
cblr-2952	453	68	their	their	PRON
cblr-2952	453	69	previous	previous	ADJ
cblr-2952	453	70	success	success	NOUN
cblr-2952	453	71	.	.	PUNCT
cblr-2952	454	1	"	"	PUNCT
cblr-2952	454	2	'	'	PUNCT
cblr-2952	454	3	104	104	NUM
cblr-2952	454	4	see	see	VERB
cblr-2952	454	5	17	17	NUM
cblr-2952	454	6	c.f.r	c.f.r	NOUN
cblr-2952	454	7	.	.	PUNCT
cblr-2952	455	1	§	§	PROPN
cblr-2952	455	2	270.22c	270.22c	PROPN
cblr-2952	455	3	-	-	PUNCT
cblr-2952	455	4	l(b)(1	l(b)(1	NOUN
cblr-2952	455	5	)	)	PUNCT
cblr-2952	455	6	(	(	PUNCT
cblr-2952	455	7	2006	2006	NUM
cblr-2952	455	8	)	)	PUNCT
cblr-2952	455	9	.	.	PUNCT
cblr-2952	456	1	moreover	moreover	ADV
cblr-2952	456	2	,	,	PUNCT
cblr-2952	456	3	closed	closed	ADJ
cblr-2952	456	4	-	-	PUNCT
cblr-2952	456	5	end	end	NOUN
cblr-2952	456	6	funds	fund	NOUN
cblr-2952	456	7	can	can	AUX
cblr-2952	456	8	not	not	PART
cblr-2952	456	9	provide	provide	VERB
cblr-2952	456	10	for	for	ADP
cblr-2952	456	11	redemptions	redemption	NOUN
cblr-2952	456	12	.	.	PUNCT
cblr-2952	457	1	15	15	NUM
cblr-2952	457	2	u.s.c	u.s.c	ADJ
cblr-2952	457	3	§	§	NOUN
cblr-2952	457	4	80a-5(a	80a-5(a	NUM
cblr-2952	457	5	)	)	PUNCT
cblr-2952	457	6	(	(	PUNCT
cblr-2952	457	7	2007	2007	NUM
cblr-2952	457	8	)	)	PUNCT
cblr-2952	457	9	.	.	PUNCT
cblr-2952	458	1	1o	1o	NUM
cblr-2952	458	2	'	'	PART
cblr-2952	458	3	see	see	VERB
cblr-2952	458	4	robert	robert	PROPN
cblr-2952	458	5	p.	p.	PROPN
cblr-2952	458	6	bartlett	bartlett	PROPN
cblr-2952	458	7	iii	iii	PROPN
cblr-2952	458	8	,	,	PUNCT
cblr-2952	458	9	taking	take	VERB
cblr-2952	458	10	finance	finance	NOUN
cblr-2952	458	11	seriously	seriously	ADV
cblr-2952	458	12	:	:	PUNCT
cblr-2952	458	13	how	how	SCONJ
cblr-2952	458	14	debtfinancing	debtfinancing	NOUN
cblr-2952	458	15	distorts	distort	VERB
cblr-2952	458	16	bidding	bid	VERB
cblr-2952	458	17	outcomes	outcome	NOUN
cblr-2952	458	18	in	in	ADP
cblr-2952	458	19	corporate	corporate	ADJ
cblr-2952	458	20	takeovers	takeover	NOUN
cblr-2952	458	21	,	,	PUNCT
cblr-2952	458	22	76	76	NUM
cblr-2952	458	23	fordham	fordham	PROPN
cblr-2952	458	24	l.	l.	PROPN
cblr-2952	458	25	rev	rev	PROPN
cblr-2952	458	26	.	.	PUNCT
cblr-2952	459	1	(	(	PUNCT
cblr-2952	459	2	forthcoming	forthcoming	ADJ
cblr-2952	459	3	2008	2008	NUM
cblr-2952	459	4	)	)	PUNCT
cblr-2952	459	5	(	(	PUNCT
cblr-2952	459	6	examining	examine	VERB
cblr-2952	459	7	the	the	DET
cblr-2952	459	8	critical	critical	ADJ
cblr-2952	459	9	role	role	NOUN
cblr-2952	459	10	of	of	ADP
cblr-2952	459	11	financing	financing	NOUN
cblr-2952	459	12	and	and	CCONJ
cblr-2952	459	13	leverage	leverage	NOUN
cblr-2952	459	14	in	in	ADP
cblr-2952	459	15	private	private	ADJ
cblr-2952	459	16	equity	equity	NOUN
cblr-2952	459	17	returns	return	NOUN
cblr-2952	459	18	)	)	PUNCT
cblr-2952	459	19	.	.	PUNCT
cblr-2952	460	1	106	106	NUM
cblr-2952	460	2	see	see	VERB
cblr-2952	460	3	bing	bing	VERB
cblr-2952	460	4	liang	liang	PROPN
cblr-2952	460	5	,	,	PUNCT
cblr-2952	460	6	on	on	ADP
cblr-2952	460	7	the	the	DET
cblr-2952	460	8	performance	performance	NOUN
cblr-2952	460	9	of	of	ADP
cblr-2952	460	10	hedge	hedge	NOUN
cblr-2952	460	11	funds	fund	NOUN
cblr-2952	460	12	,	,	PUNCT
cblr-2952	460	13	55	55	NUM
cblr-2952	460	14	fin	fin	NOUN
cblr-2952	460	15	.	.	PUNCT
cblr-2952	461	1	analysts	analyst	NOUN
cblr-2952	461	2	j.	j.	PROPN
cblr-2952	461	3	72	72	PROPN
cblr-2952	461	4	,	,	PUNCT
cblr-2952	461	5	74	74	NUM
cblr-2952	461	6	(	(	PUNCT
cblr-2952	461	7	1999	1999	NUM
cblr-2952	461	8	)	)	PUNCT
cblr-2952	461	9	(	(	PUNCT
cblr-2952	461	10	finding	find	VERB
cblr-2952	461	11	that	that	SCONJ
cblr-2952	461	12	"	"	PUNCT
cblr-2952	461	13	leverage	leverage	NOUN
cblr-2952	461	14	benefits	benefit	VERB
cblr-2952	461	15	some	some	DET
cblr-2952	461	16	[	[	X
cblr-2952	461	17	hedge	hedge	NOUN
cblr-2952	461	18	]	]	PUNCT
cblr-2952	461	19	funds	fund	NOUN
cblr-2952	461	20	such	such	ADJ
cblr-2952	461	21	as	as	ADP
cblr-2952	461	22	convertible	convertible	ADJ
cblr-2952	461	23	arbitrage	arbitrage	NOUN
cblr-2952	461	24	and	and	CCONJ
cblr-2952	461	25	merger	merger	NOUN
cblr-2952	461	26	arbitrage	arbitrage	NOUN
cblr-2952	461	27	funds	fund	NOUN
cblr-2952	461	28	"	"	PUNCT
cblr-2952	461	29	by	by	ADP
cblr-2952	461	30	increasing	increase	VERB
cblr-2952	461	31	fund	fund	NOUN
cblr-2952	461	32	performance	performance	NOUN
cblr-2952	461	33	)	)	PUNCT
cblr-2952	461	34	.	.	PUNCT
cblr-2952	462	1	107	107	NUM
cblr-2952	462	2	see	see	VERB
cblr-2952	462	3	infra	infra	NOUN
cblr-2952	462	4	notes	note	VERB
cblr-2952	462	5	117	117	NUM
cblr-2952	462	6	-	-	SYM
cblr-2952	462	7	124	124	NUM
cblr-2952	462	8	and	and	CCONJ
cblr-2952	462	9	accompanying	accompany	VERB
cblr-2952	462	10	text	text	NOUN
cblr-2952	462	11	.	.	PUNCT
cblr-2952	463	1	for	for	ADP
cblr-2952	463	2	studies	study	NOUN
cblr-2952	463	3	finding	find	VERB
cblr-2952	463	4	a	a	DET
cblr-2952	463	5	correlation	correlation	NOUN
cblr-2952	463	6	between	between	ADP
cblr-2952	463	7	incentive	incentive	NOUN
cblr-2952	463	8	fees	fee	NOUN
cblr-2952	463	9	and	and	CCONJ
cblr-2952	463	10	superior	superior	ADJ
cblr-2952	463	11	fund	fund	NOUN
cblr-2952	463	12	adviser	adviser	NOUN
cblr-2952	463	13	performance	performance	NOUN
cblr-2952	463	14	in	in	ADP
cblr-2952	463	15	the	the	DET
cblr-2952	463	16	hedge	hedge	NOUN
cblr-2952	463	17	fund	fund	NOUN
cblr-2952	463	18	context	context	NOUN
cblr-2952	463	19	,	,	PUNCT
cblr-2952	463	20	see	see	VERB
cblr-2952	463	21	infra	infra	NOUN
cblr-2952	463	22	note	note	VERB
cblr-2952	463	23	120	120	NUM
cblr-2952	463	24	.	.	PUNCT
cblr-2952	463	25	"	"	PUNCT
cblr-2952	464	1	for	for	ADP
cblr-2952	464	2	example	example	NOUN
cblr-2952	464	3	,	,	PUNCT
cblr-2952	464	4	the	the	DET
cblr-2952	464	5	capital	capital	NOUN
cblr-2952	464	6	lock	lock	NOUN
cblr-2952	464	7	-	-	PUNCT
cblr-2952	464	8	up	up	ADP
cblr-2952	464	9	requirements	requirement	NOUN
cblr-2952	464	10	of	of	ADP
cblr-2952	464	11	hedge	hedge	NOUN
cblr-2952	464	12	funds	fund	NOUN
cblr-2952	464	13	and	and	CCONJ
cblr-2952	464	14	private	private	ADJ
cblr-2952	464	15	equity	equity	NOUN
cblr-2952	464	16	,	,	PUNCT
cblr-2952	464	17	in	in	ADP
cblr-2952	464	18	particular	particular	ADJ
cblr-2952	464	19	,	,	PUNCT
cblr-2952	464	20	have	have	AUX
cblr-2952	464	21	been	be	AUX
cblr-2952	464	22	found	find	VERB
cblr-2952	464	23	to	to	PART
cblr-2952	464	24	be	be	AUX
cblr-2952	464	25	related	relate	VERB
cblr-2952	464	26	to	to	ADP
cblr-2952	464	27	their	their	PRON
cblr-2952	464	28	ability	ability	NOUN
cblr-2952	464	29	to	to	PART
cblr-2952	464	30	earn	earn	VERB
cblr-2952	464	31	excess	excess	ADJ
cblr-2952	464	32	returns	return	NOUN
cblr-2952	464	33	.	.	PUNCT
cblr-2952	465	1	see	see	VERB
cblr-2952	465	2	vikas	vikas	PROPN
cblr-2952	465	3	agarwal	agarwal	PROPN
cblr-2952	465	4	et	et	PROPN
cblr-2952	465	5	al	al	PROPN
cblr-2952	465	6	.	.	PROPN
cblr-2952	465	7	,	,	PUNCT
cblr-2952	465	8	role	role	NOUN
cblr-2952	465	9	of	of	ADP
cblr-2952	465	10	managerial	managerial	ADJ
cblr-2952	465	11	incentives	incentive	NOUN
cblr-2952	465	12	and	and	CCONJ
cblr-2952	465	13	discretion	discretion	NOUN
cblr-2952	465	14	in	in	ADP
cblr-2952	465	15	hedge	hedge	NOUN
cblr-2952	465	16	fund	fund	NOUN
cblr-2952	465	17	performance	performance	NOUN
cblr-2952	465	18	,	,	PUNCT
cblr-2952	465	19	17	17	NUM
cblr-2952	465	20	(	(	PUNCT
cblr-2952	465	21	mar	mar	PROPN
cblr-2952	465	22	.	.	PROPN
cblr-2952	465	23	1	1	NUM
cblr-2952	465	24	,	,	PUNCT
cblr-2952	465	25	2007	2007	NUM
cblr-2952	465	26	)	)	PUNCT
cblr-2952	465	27	(	(	PUNCT
cblr-2952	465	28	finding	find	VERB
cblr-2952	465	29	"	"	PUNCT
cblr-2952	465	30	a	a	DET
cblr-2952	465	31	one	one	NUM
cblr-2952	465	32	-	-	PUNCT
cblr-2952	465	33	standard	standard	ADJ
cblr-2952	465	34	-	-	PUNCT
cblr-2952	465	35	deviation	deviation	NOUN
cblr-2952	465	36	increase	increase	NOUN
cblr-2952	465	37	in	in	ADP
cblr-2952	465	38	lockup	lockup	NOUN
cblr-2952	465	39	period	period	NOUN
cblr-2952	465	40	increases	increase	VERB
cblr-2952	465	41	returns	return	NOUN
cblr-2952	465	42	by	by	ADP
cblr-2952	465	43	0.9	0.9	NUM
cblr-2952	465	44	%	%	NOUN
cblr-2952	465	45	relative	relative	ADJ
cblr-2952	465	46	to	to	ADP
cblr-2952	465	47	a	a	DET
cblr-2952	465	48	mean	mean	NOUN
cblr-2952	465	49	of	of	ADP
cblr-2952	465	50	12.2	12.2	NUM
cblr-2952	465	51	%	%	NOUN
cblr-2952	465	52	(	(	PUNCT
cblr-2952	465	53	a	a	DET
cblr-2952	465	54	performance	performance	NOUN
cblr-2952	465	55	improvement	improvement	NOUN
cblr-2952	465	56	of	of	ADP
cblr-2952	465	57	7.4	7.4	NUM
cblr-2952	465	58	%	%	NOUN
cblr-2952	465	59	)	)	PUNCT
cblr-2952	465	60	"	"	PUNCT
cblr-2952	465	61	)	)	PUNCT
cblr-2952	465	62	;	;	PUNCT
cblr-2952	465	63	ljungqvist	ljungqvist	NOUN
cblr-2952	465	64	&	&	CCONJ
cblr-2952	465	65	richardson	richardson	PROPN
cblr-2952	465	66	,	,	PUNCT
cblr-2952	465	67	supra	supra	PROPN
cblr-2952	465	68	note	note	PROPN
cblr-2952	465	69	41	41	NUM
cblr-2952	465	70	,	,	PUNCT
cblr-2952	465	71	at	at	ADP
cblr-2952	465	72	28	28	NUM
cblr-2952	465	73	(	(	PUNCT
cblr-2952	465	74	hypothesizing	hypothesize	VERB
cblr-2952	465	75	that	that	SCONJ
cblr-2952	465	76	[	[	X
cblr-2952	465	77	vol	vol	NOUN
cblr-2952	465	78	.	.	NOUN
cblr-2952	465	79	2008	2008	NUM
cblr-2952	465	80	black	black	ADJ
cblr-2952	465	81	market	market	NOUN
cblr-2952	465	82	capital	capital	NOUN
cblr-2952	465	83	accordingly	accordingly	ADV
cblr-2952	465	84	,	,	PUNCT
cblr-2952	465	85	hedge	hedge	NOUN
cblr-2952	465	86	funds	fund	NOUN
cblr-2952	465	87	and	and	CCONJ
cblr-2952	465	88	private	private	ADJ
cblr-2952	465	89	equity	equity	NOUN
cblr-2952	465	90	funds	fund	NOUN
cblr-2952	465	91	avoid	avoid	VERB
cblr-2952	465	92	registration	registration	NOUN
cblr-2952	465	93	as	as	SCONJ
cblr-2952	465	94	investment	investment	NOUN
cblr-2952	465	95	companies	company	NOUN
cblr-2952	465	96	under	under	ADP
cblr-2952	465	97	the	the	DET
cblr-2952	465	98	investment	investment	NOUN
cblr-2952	465	99	company	company	NOUN
cblr-2952	465	100	act	act	VERB
cblr-2952	465	101	by	by	ADP
cblr-2952	465	102	availing	avail	VERB
cblr-2952	465	103	themselves	themselves	PRON
cblr-2952	465	104	of	of	ADP
cblr-2952	465	105	one	one	NUM
cblr-2952	465	106	of	of	ADP
cblr-2952	465	107	two	two	NUM
cblr-2952	465	108	exclusions	exclusion	NOUN
cblr-2952	465	109	.	.	PUNCT
cblr-2952	466	1	the	the	DET
cblr-2952	466	2	first	first	ADJ
cblr-2952	466	3	is	be	AUX
cblr-2952	466	4	under	under	ADP
cblr-2952	466	5	section	section	NOUN
cblr-2952	466	6	3(c)(1	3(c)(1	NUM
cblr-2952	466	7	)	)	PUNCT
cblr-2952	466	8	of	of	ADP
cblr-2952	466	9	the	the	DET
cblr-2952	466	10	investment	investment	NOUN
cblr-2952	466	11	company	company	NOUN
cblr-2952	466	12	act	act	VERB
cblr-2952	466	13	which	which	PRON
cblr-2952	466	14	excludes	exclude	VERB
cblr-2952	466	15	from	from	ADP
cblr-2952	466	16	the	the	DET
cblr-2952	466	17	definition	definition	NOUN
cblr-2952	466	18	of	of	ADP
cblr-2952	466	19	investment	investment	NOUN
cblr-2952	466	20	company	company	NOUN
cblr-2952	466	21	any	any	DET
cblr-2952	466	22	fund	fund	NOUN
cblr-2952	466	23	whose	whose	DET
cblr-2952	466	24	outstanding	outstanding	ADJ
cblr-2952	466	25	securities	security	NOUN
cblr-2952	466	26	are	be	AUX
cblr-2952	466	27	beneficially	beneficially	ADV
cblr-2952	466	28	owned	own	VERB
cblr-2952	466	29	by	by	ADP
cblr-2952	466	30	not	not	PART
cblr-2952	466	31	more	more	ADJ
cblr-2952	466	32	than	than	ADP
cblr-2952	466	33	one	one	NUM
cblr-2952	466	34	hundred	hundred	NUM
cblr-2952	466	35	persons	person	NOUN
cblr-2952	466	36	and	and	CCONJ
cblr-2952	466	37	which	which	PRON
cblr-2952	466	38	is	be	AUX
cblr-2952	466	39	not	not	PART
cblr-2952	466	40	making	make	VERB
cblr-2952	466	41	a	a	DET
cblr-2952	466	42	public	public	ADJ
cblr-2952	466	43	offering	offering	NOUN
cblr-2952	466	44	of	of	ADP
cblr-2952	466	45	its	its	PRON
cblr-2952	466	46	securities	security	NOUN
cblr-2952	466	47	.	.	PUNCT
cblr-2952	466	48	'	'	PUNCT
cblr-2952	467	1	°	°	ADP
cblr-2952	467	2	9	9	NUM
cblr-2952	467	3	the	the	DET
cblr-2952	467	4	second	second	NOUN
cblr-2952	467	5	is	be	AUX
cblr-2952	467	6	under	under	ADP
cblr-2952	467	7	section	section	NOUN
cblr-2952	467	8	3(c)(7	3(c)(7	NUM
cblr-2952	467	9	)	)	PUNCT
cblr-2952	467	10	of	of	ADP
cblr-2952	467	11	the	the	DET
cblr-2952	467	12	investment	investment	NOUN
cblr-2952	467	13	company	company	NOUN
cblr-2952	467	14	act	act	VERB
cblr-2952	467	15	which	which	PRON
cblr-2952	467	16	excludes	exclude	VERB
cblr-2952	467	17	from	from	ADP
cblr-2952	467	18	the	the	DET
cblr-2952	467	19	definition	definition	NOUN
cblr-2952	467	20	of	of	ADP
cblr-2952	467	21	investment	investment	NOUN
cblr-2952	467	22	company	company	NOUN
cblr-2952	467	23	any	any	DET
cblr-2952	467	24	fund	fund	NOUN
cblr-2952	467	25	whose	whose	DET
cblr-2952	467	26	outstanding	outstanding	ADJ
cblr-2952	467	27	securities	security	NOUN
cblr-2952	467	28	are	be	AUX
cblr-2952	467	29	owned	own	VERB
cblr-2952	467	30	exclusively	exclusively	ADV
cblr-2952	467	31	by	by	ADP
cblr-2952	467	32	qualified	qualified	ADJ
cblr-2952	467	33	purchasers	purchaser	NOUN
cblr-2952	467	34	.	.	PUNCT
cblr-2952	468	1	"	"	PUNCT
cblr-2952	468	2	'	'	PUNCT
cblr-2952	468	3	a	a	DET
cblr-2952	468	4	qualified	qualified	ADJ
cblr-2952	468	5	purchaser	purchaser	NOUN
cblr-2952	468	6	includes	include	VERB
cblr-2952	468	7	an	an	DET
cblr-2952	468	8	individual	individual	NOUN
cblr-2952	468	9	who	who	PRON
cblr-2952	468	10	owns	own	VERB
cblr-2952	468	11	not	not	PART
cblr-2952	468	12	less	less	ADJ
cblr-2952	468	13	than	than	ADP
cblr-2952	468	14	five	five	NUM
cblr-2952	468	15	million	million	NUM
cblr-2952	468	16	dollars	dollar	NOUN
cblr-2952	468	17	in	in	ADP
cblr-2952	468	18	investments	investment	NOUN
cblr-2952	468	19	or	or	CCONJ
cblr-2952	468	20	any	any	DET
cblr-2952	468	21	person	person	NOUN
cblr-2952	468	22	,	,	PUNCT
cblr-2952	468	23	acting	act	VERB
cblr-2952	468	24	for	for	ADP
cblr-2952	468	25	its	its	PRON
cblr-2952	468	26	own	own	ADJ
cblr-2952	468	27	account	account	NOUN
cblr-2952	468	28	or	or	CCONJ
cblr-2952	468	29	the	the	DET
cblr-2952	468	30	accounts	account	NOUN
cblr-2952	468	31	of	of	ADP
cblr-2952	468	32	other	other	ADJ
cblr-2952	468	33	qualified	qualified	ADJ
cblr-2952	468	34	purchasers	purchaser	NOUN
cblr-2952	468	35	,	,	PUNCT
cblr-2952	468	36	who	who	PRON
cblr-2952	468	37	in	in	ADP
cblr-2952	468	38	the	the	DET
cblr-2952	468	39	aggregate	aggregate	NOUN
cblr-2952	468	40	owns	own	NOUN
cblr-2952	468	41	and	and	CCONJ
cblr-2952	468	42	invests	invest	NOUN
cblr-2952	468	43	on	on	ADP
cblr-2952	468	44	a	a	DET
cblr-2952	468	45	discretionary	discretionary	ADJ
cblr-2952	468	46	basis	basis	NOUN
cblr-2952	468	47	,	,	PUNCT
cblr-2952	468	48	not	not	PART
cblr-2952	468	49	less	less	ADJ
cblr-2952	468	50	than	than	ADP
cblr-2952	468	51	twenty	twenty	NUM
cblr-2952	468	52	-	-	PUNCT
cblr-2952	468	53	five	five	NUM
cblr-2952	468	54	million	million	NUM
cblr-2952	468	55	dollars	dollar	NOUN
cblr-2952	468	56	in	in	ADP
cblr-2952	468	57	investments	investment	NOUN
cblr-2952	468	58	.	.	PUNCT
cblr-2952	469	1	"	"	PUNCT
cblr-2952	469	2	'	'	PUNCT
cblr-2952	469	3	thus	thus	ADV
cblr-2952	469	4	,	,	PUNCT
cblr-2952	469	5	the	the	DET
cblr-2952	469	6	difference	difference	NOUN
cblr-2952	469	7	between	between	ADP
cblr-2952	469	8	the	the	DET
cblr-2952	469	9	two	two	NUM
cblr-2952	469	10	is	be	AUX
cblr-2952	469	11	that	that	SCONJ
cblr-2952	469	12	the	the	DET
cblr-2952	469	13	section	section	NOUN
cblr-2952	469	14	3(c)(7	3(c)(7	NUM
cblr-2952	469	15	)	)	PUNCT
cblr-2952	469	16	exemption	exemption	NOUN
cblr-2952	469	17	permits	permit	VERB
cblr-2952	469	18	fundraising	fundraise	VERB
cblr-2952	469	19	from	from	ADP
cblr-2952	469	20	an	an	DET
cblr-2952	469	21	unlimited	unlimited	ADJ
cblr-2952	469	22	number	number	NOUN
cblr-2952	469	23	of	of	ADP
cblr-2952	469	24	investors	investor	NOUN
cblr-2952	469	25	provided	provide	VERB
cblr-2952	469	26	that	that	SCONJ
cblr-2952	469	27	they	they	PRON
cblr-2952	469	28	are	be	AUX
cblr-2952	469	29	qualified	qualified	ADJ
cblr-2952	469	30	purchasers	purchaser	NOUN
cblr-2952	469	31	.	.	PUNCT
cblr-2952	470	1	"2	"2	VERB
cblr-2952	470	2	the	the	DET
cblr-2952	470	3	source	source	NOUN
cblr-2952	470	4	of	of	ADP
cblr-2952	470	5	private	private	ADJ
cblr-2952	470	6	equity	equity	NOUN
cblr-2952	470	7	's	's	PART
cblr-2952	470	8	excess	excess	ADJ
cblr-2952	470	9	returns	return	NOUN
cblr-2952	470	10	is	be	AUX
cblr-2952	470	11	attributable	attributable	ADJ
cblr-2952	470	12	to	to	ADP
cblr-2952	470	13	the	the	DET
cblr-2952	470	14	compensation	compensation	NOUN
cblr-2952	470	15	required	require	VERB
cblr-2952	470	16	by	by	ADP
cblr-2952	470	17	investors	investor	NOUN
cblr-2952	470	18	for	for	ADP
cblr-2952	470	19	holding	hold	VERB
cblr-2952	470	20	"	"	PUNCT
cblr-2952	470	21	a	a	DET
cblr-2952	470	22	10	10	NUM
cblr-2952	470	23	-	-	PUNCT
cblr-2952	470	24	year	year	NOUN
cblr-2952	470	25	illiquid	illiquid	ADJ
cblr-2952	470	26	investment	investment	NOUN
cblr-2952	470	27	"	"	PUNCT
cblr-2952	470	28	)	)	PUNCT
cblr-2952	470	29	.	.	PUNCT
cblr-2952	471	1	in	in	ADP
cblr-2952	471	2	the	the	DET
cblr-2952	471	3	hedge	hedge	NOUN
cblr-2952	471	4	fund	fund	NOUN
cblr-2952	471	5	context	context	NOUN
cblr-2952	471	6	,	,	PUNCT
cblr-2952	471	7	at	at	ADP
cblr-2952	471	8	least	least	ADJ
cblr-2952	471	9	,	,	PUNCT
cblr-2952	471	10	incentive	incentive	NOUN
cblr-2952	471	11	fees	fee	NOUN
cblr-2952	471	12	have	have	AUX
cblr-2952	471	13	been	be	AUX
cblr-2952	471	14	found	find	VERB
cblr-2952	471	15	by	by	ADP
cblr-2952	471	16	one	one	NUM
cblr-2952	471	17	study	study	NOUN
cblr-2952	471	18	to	to	PART
cblr-2952	471	19	put	put	VERB
cblr-2952	471	20	a	a	DET
cblr-2952	471	21	hedge	hedge	NOUN
cblr-2952	471	22	fund	fund	NOUN
cblr-2952	471	23	at	at	ADP
cblr-2952	471	24	a	a	DET
cblr-2952	471	25	higher	high	ADJ
cblr-2952	471	26	risk	risk	NOUN
cblr-2952	471	27	of	of	ADP
cblr-2952	471	28	failure	failure	NOUN
cblr-2952	471	29	due	due	ADP
cblr-2952	471	30	to	to	ADP
cblr-2952	471	31	the	the	DET
cblr-2952	471	32	managerial	managerial	ADJ
cblr-2952	471	33	risk	risk	NOUN
cblr-2952	471	34	-	-	PUNCT
cblr-2952	471	35	seeking	seek	VERB
cblr-2952	471	36	behavior	behavior	NOUN
cblr-2952	471	37	they	they	PRON
cblr-2952	471	38	engender	engender	VERB
cblr-2952	471	39	.	.	PUNCT
cblr-2952	472	1	see	see	VERB
cblr-2952	472	2	guillermo	guillermo	PROPN
cblr-2952	472	3	baquero	baquero	PROPN
cblr-2952	472	4	et	et	PROPN
cblr-2952	472	5	al	al	PROPN
cblr-2952	472	6	.	.	PROPN
cblr-2952	472	7	,	,	PUNCT
cblr-2952	472	8	survival	survival	NOUN
cblr-2952	472	9	,	,	PUNCT
cblr-2952	472	10	look	look	VERB
cblr-2952	472	11	-	-	PUNCT
cblr-2952	472	12	ahead	ahead	NOUN
cblr-2952	472	13	bias	bias	NOUN
cblr-2952	472	14	and	and	CCONJ
cblr-2952	472	15	the	the	DET
cblr-2952	472	16	performance	performance	NOUN
cblr-2952	472	17	of	of	ADP
cblr-2952	472	18	hedge	hedge	NOUN
cblr-2952	472	19	funds	fund	NOUN
cblr-2952	472	20	,	,	PUNCT
cblr-2952	472	21	40	40	NUM
cblr-2952	472	22	j.	j.	PROPN
cblr-2952	472	23	fin	fin	PROPN
cblr-2952	472	24	.	.	PUNCT
cblr-2952	473	1	quant	quant	PROPN
cblr-2952	473	2	.	.	PUNCT
cblr-2952	474	1	anal	anal	PROPN
cblr-2952	474	2	.	.	PUNCT
cblr-2952	475	1	493	493	NUM
cblr-2952	475	2	,	,	PUNCT
cblr-2952	475	3	504	504	NUM
cblr-2952	475	4	(	(	PUNCT
cblr-2952	475	5	2005	2005	NUM
cblr-2952	475	6	)	)	PUNCT
cblr-2952	475	7	(	(	PUNCT
cblr-2952	475	8	"	"	PUNCT
cblr-2952	475	9	the	the	PRON
cblr-2952	475	10	higher	high	ADJ
cblr-2952	475	11	the	the	DET
cblr-2952	475	12	incentive	incentive	NOUN
cblr-2952	475	13	fee	fee	NOUN
cblr-2952	475	14	...	...	PUNCT
cblr-2952	476	1	the	the	DET
cblr-2952	476	2	more	more	ADV
cblr-2952	476	3	likely	likely	ADJ
cblr-2952	476	4	it	it	PRON
cblr-2952	476	5	is	be	AUX
cblr-2952	476	6	that	that	SCONJ
cblr-2952	476	7	the	the	DET
cblr-2952	476	8	fund	fund	NOUN
cblr-2952	476	9	will	will	AUX
cblr-2952	476	10	liquidate	liquidate	VERB
cblr-2952	476	11	in	in	ADP
cblr-2952	476	12	the	the	DET
cblr-2952	476	13	next	next	ADJ
cblr-2952	476	14	quarter	quarter	NOUN
cblr-2952	476	15	"	"	PUNCT
cblr-2952	476	16	)	)	PUNCT
cblr-2952	476	17	.	.	PUNCT
cblr-2952	477	1	109	109	NUM
cblr-2952	477	2	15	15	NUM
cblr-2952	477	3	u.s.c	u.s.c	NOUN
cblr-2952	477	4	.	.	PUNCT
cblr-2952	478	1	§	§	PROPN
cblr-2952	478	2	80a-3(c)(1	80a-3(c)(1	NOUN
cblr-2952	478	3	)	)	PUNCT
cblr-2952	478	4	(	(	PUNCT
cblr-2952	478	5	2004	2004	NUM
cblr-2952	478	6	)	)	PUNCT
cblr-2952	478	7	.	.	PUNCT
cblr-2952	479	1	11	11	NUM
cblr-2952	480	1	i	i	PRON
cblr-2952	480	2	d.	d.	PROPN
cblr-2952	480	3	§	§	PROPN
cblr-2952	480	4	80a-3(c)(7	80a-3(c)(7	PROPN
cblr-2952	480	5	)	)	PUNCT
cblr-2952	480	6	.	.	PUNCT
cblr-2952	481	1	i	i	PRON
cblr-2952	481	2	d.	d.	PROPN
cblr-2952	481	3	§	§	PROPN
cblr-2952	481	4	80a-2(a)(51)(a	80a-2(a)(51)(a	NUM
cblr-2952	481	5	)	)	PUNCT
cblr-2952	481	6	.	.	PUNCT
cblr-2952	482	1	1	1	NUM
cblr-2952	482	2	see	see	VERB
cblr-2952	482	3	generally	generally	ADV
cblr-2952	482	4	douglas	douglas	PROPN
cblr-2952	482	5	l.	l.	PROPN
cblr-2952	482	6	hammer	hammer	PROPN
cblr-2952	482	7	et	et	PROPN
cblr-2952	482	8	al	al	PROPN
cblr-2952	482	9	.	.	PROPN
cblr-2952	482	10	,	,	PUNCT
cblr-2952	482	11	u.s	u.s	PROPN
cblr-2952	482	12	.	.	PROPN
cblr-2952	482	13	regulation	regulation	NOUN
cblr-2952	482	14	of	of	ADP
cblr-2952	482	15	hedge	hedge	NOUN
cblr-2952	482	16	funds	fund	NOUN
cblr-2952	482	17	§	§	PROPN
cblr-2952	482	18	3	3	NUM
cblr-2952	482	19	(	(	PUNCT
cblr-2952	482	20	american	american	PROPN
cblr-2952	482	21	bar	bar	PROPN
cblr-2952	482	22	association	association	NOUN
cblr-2952	482	23	2005	2005	NUM
cblr-2952	482	24	)	)	PUNCT
cblr-2952	482	25	(	(	PUNCT
cblr-2952	482	26	outlining	outline	VERB
cblr-2952	482	27	the	the	DET
cblr-2952	482	28	differences	difference	NOUN
cblr-2952	482	29	between	between	ADP
cblr-2952	482	30	the	the	DET
cblr-2952	482	31	§	§	PROPN
cblr-2952	482	32	3(c)(1	3(c)(1	NUM
cblr-2952	482	33	)	)	PUNCT
cblr-2952	482	34	and	and	CCONJ
cblr-2952	482	35	§	§	PROPN
cblr-2952	482	36	3(c)(7	3(c)(7	NUM
cblr-2952	482	37	)	)	PUNCT
cblr-2952	482	38	exemptions	exemption	NOUN
cblr-2952	482	39	)	)	PUNCT
cblr-2952	482	40	.	.	PUNCT
cblr-2952	483	1	to	to	PART
cblr-2952	483	2	avoid	avoid	VERB
cblr-2952	483	3	the	the	DET
cblr-2952	483	4	registration	registration	NOUN
cblr-2952	483	5	requirements	requirement	NOUN
cblr-2952	483	6	under	under	ADP
cblr-2952	483	7	the	the	DET
cblr-2952	483	8	securities	security	NOUN
cblr-2952	483	9	exchange	exchange	PROPN
cblr-2952	483	10	act	act	NOUN
cblr-2952	483	11	of	of	ADP
cblr-2952	483	12	1934	1934	NUM
cblr-2952	483	13	,	,	PUNCT
cblr-2952	483	14	as	as	SCONJ
cblr-2952	483	15	amended	amend	VERB
cblr-2952	483	16	,	,	PUNCT
cblr-2952	483	17	a	a	DET
cblr-2952	483	18	u.s.-based	u.s.-based	ADJ
cblr-2952	483	19	hedge	hedge	NOUN
cblr-2952	483	20	fund	fund	NOUN
cblr-2952	483	21	or	or	CCONJ
cblr-2952	483	22	private	private	ADJ
cblr-2952	483	23	equity	equity	NOUN
cblr-2952	483	24	fund	fund	NOUN
cblr-2952	483	25	will	will	AUX
cblr-2952	483	26	still	still	ADV
cblr-2952	483	27	cap	cap	VERB
cblr-2952	483	28	the	the	DET
cblr-2952	483	29	number	number	NOUN
cblr-2952	483	30	of	of	ADP
cblr-2952	483	31	fund	fund	NOUN
cblr-2952	483	32	investors	investor	NOUN
cblr-2952	483	33	at	at	ADP
cblr-2952	483	34	500	500	NUM
cblr-2952	483	35	.	.	NOUN
cblr-2952	483	36	15	15	NUM
cblr-2952	483	37	u.s.c	u.s.c	NOUN
cblr-2952	483	38	.	.	PUNCT
cblr-2952	484	1	§	§	PROPN
cblr-2952	484	2	781(g	781(g	PROPN
cblr-2952	484	3	)	)	PUNCT
cblr-2952	484	4	(	(	PUNCT
cblr-2952	484	5	2007	2007	NUM
cblr-2952	484	6	)	)	PUNCT
cblr-2952	484	7	.	.	PUNCT
cblr-2952	485	1	no	no	INTJ
cblr-2952	485	2	.	.	PUNCT
cblr-2952	486	1	1:172	1:172	NUM
cblr-2952	486	2	]	]	X
cblr-2952	486	3	col	col	PROPN
cblr-2952	486	4	umbia	umbia	PROPN
cblr-2952	486	5	b	b	PROPN
cblr-2952	486	6	usiness	usiness	PROPN
cblr-2952	486	7	law	law	PROPN
cblr-2952	486	8	review	review	NOUN
cblr-2952	486	9	b.	b.	PROPN
cblr-2952	487	1	the	the	DET
cblr-2952	487	2	investment	investment	NOUN
cblr-2952	487	3	advisers	adviser	NOUN
cblr-2952	487	4	act	act	VERB
cblr-2952	487	5	the	the	DET
cblr-2952	487	6	advisers	adviser	NOUN
cblr-2952	487	7	act	act	NOUN
cblr-2952	487	8	was	be	AUX
cblr-2952	487	9	also	also	ADV
cblr-2952	487	10	adopted	adopt	VERB
cblr-2952	487	11	by	by	ADP
cblr-2952	487	12	congress	congress	PROPN
cblr-2952	487	13	in	in	ADP
cblr-2952	487	14	1940	1940	NUM
cblr-2952	487	15	to	to	PART
cblr-2952	487	16	"	"	PUNCT
cblr-2952	487	17	'	'	PUNCT
cblr-2952	487	18	substitute	substitute	VERB
cblr-2952	487	19	a	a	DET
cblr-2952	487	20	philosophy	philosophy	NOUN
cblr-2952	487	21	of	of	ADP
cblr-2952	487	22	full	full	ADJ
cblr-2952	487	23	disclosure	disclosure	NOUN
cblr-2952	487	24	for	for	ADP
cblr-2952	487	25	the	the	DET
cblr-2952	487	26	philosophy	philosophy	NOUN
cblr-2952	487	27	of	of	ADP
cblr-2952	487	28	caveat	caveat	PROPN
cblr-2952	487	29	emptor	emptor	NOUN
cblr-2952	487	30	'	'	PUNCT
cblr-2952	487	31	in	in	ADP
cblr-2952	487	32	the	the	DET
cblr-2952	487	33	investment	investment	NOUN
cblr-2952	487	34	advisery	advisery	NOUN
cblr-2952	487	35	profession	profession	NOUN
cblr-2952	487	36	.	.	PUNCT
cblr-2952	488	1	""3	""3	VERB
cblr-2952	488	2	under	under	ADP
cblr-2952	488	3	the	the	DET
cblr-2952	488	4	advisers	adviser	NOUN
cblr-2952	488	5	act	act	PROPN
cblr-2952	488	6	,	,	PUNCT
cblr-2952	488	7	investment	investment	NOUN
cblr-2952	488	8	advisers	adviser	NOUN
cblr-2952	488	9	are	be	AUX
cblr-2952	488	10	required	require	VERB
cblr-2952	488	11	to	to	PART
cblr-2952	488	12	register	register	VERB
cblr-2952	488	13	with	with	ADP
cblr-2952	488	14	the	the	DET
cblr-2952	488	15	sec	sec	PROPN
cblr-2952	488	16	.	.	PUNCT
cblr-2952	489	1	"	"	PUNCT
cblr-2952	489	2	'	'	PUNCT
cblr-2952	489	3	an	an	DET
cblr-2952	489	4	investment	investment	NOUN
cblr-2952	489	5	adviser	adviser	NOUN
cblr-2952	489	6	is	be	AUX
cblr-2952	489	7	any	any	DET
cblr-2952	489	8	person	person	NOUN
cblr-2952	489	9	who	who	PRON
cblr-2952	489	10	engages	engage	VERB
cblr-2952	489	11	in	in	ADP
cblr-2952	489	12	the	the	DET
cblr-2952	489	13	business	business	NOUN
cblr-2952	489	14	of	of	ADP
cblr-2952	489	15	advising	advise	VERB
cblr-2952	489	16	others	other	NOUN
cblr-2952	489	17	as	as	ADP
cblr-2952	489	18	to	to	ADP
cblr-2952	489	19	the	the	DET
cblr-2952	489	20	value	value	NOUN
cblr-2952	489	21	of	of	ADP
cblr-2952	489	22	securities	security	NOUN
cblr-2952	489	23	or	or	CCONJ
cblr-2952	489	24	as	as	ADP
cblr-2952	489	25	to	to	ADP
cblr-2952	489	26	the	the	DET
cblr-2952	489	27	advisability	advisability	NOUN
cblr-2952	489	28	of	of	ADP
cblr-2952	489	29	investing	invest	VERB
cblr-2952	489	30	in	in	ADP
cblr-2952	489	31	securities	security	NOUN
cblr-2952	489	32	.	.	PUNCT
cblr-2952	490	1	"	"	PUNCT
cblr-2952	490	2	'	'	PUNCT
cblr-2952	490	3	investment	investment	NOUN
cblr-2952	490	4	advisers	adviser	NOUN
cblr-2952	490	5	are	be	AUX
cblr-2952	490	6	required	require	VERB
cblr-2952	490	7	to	to	PART
cblr-2952	490	8	register	register	VERB
cblr-2952	490	9	with	with	ADP
cblr-2952	490	10	the	the	DET
cblr-2952	490	11	sec	sec	PROPN
cblr-2952	490	12	on	on	ADP
cblr-2952	490	13	form	form	PROPN
cblr-2952	490	14	adv	adv	PROPN
cblr-2952	490	15	,	,	PUNCT
cblr-2952	490	16	disclose	disclose	VERB
cblr-2952	490	17	their	their	PRON
cblr-2952	490	18	investment	investment	NOUN
cblr-2952	490	19	strategy	strategy	NOUN
cblr-2952	490	20	,	,	PUNCT
cblr-2952	490	21	managers	manager	NOUN
cblr-2952	490	22	'	'	PART
cblr-2952	490	23	background	background	NOUN
cblr-2952	490	24	and	and	CCONJ
cblr-2952	490	25	financial	financial	ADJ
cblr-2952	490	26	condition	condition	NOUN
cblr-2952	490	27	,	,	PUNCT
cblr-2952	490	28	keep	keep	VERB
cblr-2952	490	29	records	record	NOUN
cblr-2952	490	30	in	in	ADP
cblr-2952	490	31	accordance	accordance	NOUN
cblr-2952	490	32	with	with	ADP
cblr-2952	490	33	sec	sec	PROPN
cblr-2952	490	34	rules	rule	NOUN
cblr-2952	490	35	,	,	PUNCT
cblr-2952	490	36	adopt	adopt	VERB
cblr-2952	490	37	compliance	compliance	NOUN
cblr-2952	490	38	programs	program	NOUN
cblr-2952	490	39	and	and	CCONJ
cblr-2952	490	40	a	a	DET
cblr-2952	490	41	code	code	NOUN
cblr-2952	490	42	of	of	ADP
cblr-2952	490	43	ethics	ethic	NOUN
cblr-2952	490	44	,	,	PUNCT
cblr-2952	490	45	supply	supply	VERB
cblr-2952	490	46	information	information	NOUN
cblr-2952	490	47	to	to	ADP
cblr-2952	490	48	investors	investor	NOUN
cblr-2952	490	49	concerning	concern	VERB
cblr-2952	490	50	their	their	PRON
cblr-2952	490	51	results	result	NOUN
cblr-2952	490	52	of	of	ADP
cblr-2952	490	53	operations	operation	NOUN
cblr-2952	490	54	,	,	PUNCT
cblr-2952	490	55	and	and	CCONJ
cblr-2952	490	56	adopt	adopt	VERB
cblr-2952	490	57	proxy	proxy	ADJ
cblr-2952	490	58	voting	voting	NOUN
cblr-2952	490	59	procedures	procedure	NOUN
cblr-2952	490	60	.	.	PUNCT
cblr-2952	490	61	"	"	PUNCT
cblr-2952	491	1	'	'	PUNCT
cblr-2952	491	2	registered	register	VERB
cblr-2952	491	3	investment	investment	NOUN
cblr-2952	491	4	advisers	adviser	NOUN
cblr-2952	491	5	are	be	AUX
cblr-2952	491	6	also	also	ADV
cblr-2952	491	7	subject	subject	ADJ
cblr-2952	491	8	to	to	ADP
cblr-2952	491	9	sec	sec	PROPN
cblr-2952	491	10	supervision	supervision	NOUN
cblr-2952	491	11	and	and	CCONJ
cblr-2952	491	12	inspection	inspection	NOUN
cblr-2952	491	13	.	.	PUNCT
cblr-2952	492	1	these	these	DET
cblr-2952	492	2	rules	rule	NOUN
cblr-2952	492	3	are	be	AUX
cblr-2952	492	4	largely	largely	ADV
cblr-2952	492	5	disclosure	disclosure	NOUN
cblr-2952	492	6	-	-	PUNCT
cblr-2952	492	7	based	base	VERB
cblr-2952	492	8	and	and	CCONJ
cblr-2952	492	9	unlike	unlike	ADP
cblr-2952	492	10	the	the	DET
cblr-2952	492	11	case	case	NOUN
cblr-2952	492	12	of	of	ADP
cblr-2952	492	13	investment	investment	NOUN
cblr-2952	492	14	company	company	NOUN
cblr-2952	492	15	act	act	NOUN
cblr-2952	492	16	strictures	stricture	NOUN
cblr-2952	492	17	,	,	PUNCT
cblr-2952	492	18	hedge	hedge	NOUN
cblr-2952	492	19	fund	fund	NOUN
cblr-2952	492	20	and	and	CCONJ
cblr-2952	492	21	private	private	ADJ
cblr-2952	492	22	equity	equity	NOUN
cblr-2952	492	23	advisers	adviser	NOUN
cblr-2952	492	24	could	could	AUX
cblr-2952	492	25	comply	comply	VERB
cblr-2952	492	26	with	with	ADP
cblr-2952	492	27	these	these	DET
cblr-2952	492	28	rules	rule	NOUN
cblr-2952	492	29	without	without	ADP
cblr-2952	492	30	conflict	conflict	NOUN
cblr-2952	492	31	to	to	ADP
cblr-2952	492	32	their	their	PRON
cblr-2952	492	33	core	core	NOUN
cblr-2952	492	34	investing	investing	NOUN
cblr-2952	492	35	functions	function	NOUN
cblr-2952	492	36	.	.	PUNCT
cblr-2952	493	1	"	"	PUNCT
cblr-2952	493	2	'	'	PUNCT
cblr-2952	493	3	this	this	PRON
cblr-2952	493	4	is	be	AUX
cblr-2952	493	5	not	not	PART
cblr-2952	493	6	the	the	DET
cblr-2952	493	7	case	case	NOUN
cblr-2952	493	8	with	with	ADP
cblr-2952	493	9	respect	respect	NOUN
cblr-2952	493	10	to	to	ADP
cblr-2952	493	11	the	the	DET
cblr-2952	493	12	advisers	adviser	NOUN
cblr-2952	493	13	act	act	VERB
cblr-2952	493	14	restrictions	restriction	NOUN
cblr-2952	493	15	on	on	ADP
cblr-2952	493	16	fees	fee	NOUN
cblr-2952	493	17	typically	typically	ADV
cblr-2952	493	18	charged	charge	VERB
cblr-2952	493	19	by	by	ADP
cblr-2952	493	20	hedge	hedge	NOUN
cblr-2952	493	21	funds	fund	NOUN
cblr-2952	493	22	and	and	CCONJ
cblr-2952	493	23	private	private	ADJ
cblr-2952	493	24	equity	equity	NOUN
cblr-2952	493	25	.	.	PUNCT
cblr-2952	493	26	...	...	PUNCT
cblr-2952	494	1	goldstein	goldstein	PROPN
cblr-2952	494	2	v.	v.	PROPN
cblr-2952	494	3	s.e.c	s.e.c	PROPN
cblr-2952	494	4	.	.	PUNCT
cblr-2952	494	5	,	,	PUNCT
cblr-2952	494	6	451	451	NUM
cblr-2952	494	7	f.3d	f.3d	NUM
cblr-2952	494	8	873	873	NUM
cblr-2952	494	9	,	,	PUNCT
cblr-2952	494	10	876	876	NUM
cblr-2952	494	11	(	(	PUNCT
cblr-2952	494	12	d.c	d.c	PROPN
cblr-2952	494	13	.	.	PROPN
cblr-2952	494	14	cir	cir	PROPN
cblr-2952	494	15	.	.	PROPN
cblr-2952	494	16	2006	2006	NUM
cblr-2952	494	17	)	)	PUNCT
cblr-2952	494	18	(	(	PUNCT
cblr-2952	494	19	quoting	quote	VERB
cblr-2952	494	20	s.e.c	s.e.c	NOUN
cblr-2952	494	21	.	.	PUNCT
cblr-2952	495	1	v.	v.	ADP
cblr-2952	495	2	capital	capital	NOUN
cblr-2952	495	3	gains	gain	NOUN
cblr-2952	495	4	research	research	PROPN
cblr-2952	495	5	bureau	bureau	PROPN
cblr-2952	495	6	,	,	PUNCT
cblr-2952	495	7	inc	inc	PROPN
cblr-2952	495	8	.	.	PROPN
cblr-2952	495	9	,	,	PUNCT
cblr-2952	495	10	375	375	NUM
cblr-2952	495	11	u.s	u.s	PROPN
cblr-2952	495	12	.	.	PROPN
cblr-2952	495	13	180	180	NUM
cblr-2952	495	14	,	,	PUNCT
cblr-2952	495	15	186	186	NUM
cblr-2952	495	16	(	(	PUNCT
cblr-2952	495	17	1963	1963	NUM
cblr-2952	495	18	)	)	PUNCT
cblr-2952	495	19	)	)	PUNCT
cblr-2952	495	20	.	.	PUNCT
cblr-2952	496	1	114	114	NUM
cblr-2952	496	2	15	15	NUM
cblr-2952	496	3	u.s.c	u.s.c	NOUN
cblr-2952	496	4	.	.	PUNCT
cblr-2952	497	1	§	§	PROPN
cblr-2952	497	2	80b-3(a	80b-3(a	NUM
cblr-2952	497	3	)	)	PUNCT
cblr-2952	497	4	(	(	PUNCT
cblr-2952	497	5	2006	2006	NUM
cblr-2952	497	6	)	)	PUNCT
cblr-2952	497	7	.	.	PUNCT
cblr-2952	498	1	"	"	PUNCT
cblr-2952	498	2	5	5	NUM
cblr-2952	498	3	i	i	PROPN
cblr-2952	498	4	d.	d.	PROPN
cblr-2952	498	5	§	§	PROPN
cblr-2952	498	6	80b-2(a)(11	80b-2(a)(11	NUM
cblr-2952	498	7	)	)	PUNCT
cblr-2952	498	8	.	.	PUNCT
cblr-2952	499	1	116	116	NUM
cblr-2952	499	2	17	17	NUM
cblr-2952	499	3	c.f.r	c.f.r	NOUN
cblr-2952	499	4	.	.	PUNCT
cblr-2952	500	1	§	§	PROPN
cblr-2952	500	2	§	§	PROPN
cblr-2952	500	3	275.204	275.204	NUM
cblr-2952	500	4	-	-	SYM
cblr-2952	500	5	2	2	NUM
cblr-2952	500	6	,	,	PUNCT
cblr-2952	500	7	204	204	NUM
cblr-2952	500	8	-	-	SYM
cblr-2952	500	9	3	3	NUM
cblr-2952	500	10	,	,	PUNCT
cblr-2952	500	11	204a-1	204a-1	NUM
cblr-2952	500	12	,	,	PUNCT
cblr-2952	500	13	206(4)-2	206(4)-2	NUM
cblr-2952	500	14	,	,	PUNCT
cblr-2952	500	15	206(4)-3	206(4)-3	NUM
cblr-2952	500	16	,	,	PUNCT
cblr-2952	500	17	206(4)-4	206(4)-4	NUM
cblr-2952	500	18	,	,	PUNCT
cblr-2952	500	19	206(4)-6	206(4)-6	NUM
cblr-2952	500	20	,	,	PUNCT
cblr-2952	500	21	206(4)-7	206(4)-7	NUM
cblr-2952	500	22	(	(	PUNCT
cblr-2952	500	23	2005	2005	NUM
cblr-2952	500	24	)	)	PUNCT
cblr-2952	500	25	(	(	PUNCT
cblr-2952	500	26	setting	set	VERB
cblr-2952	500	27	forth	forth	ADP
cblr-2952	500	28	book	book	NOUN
cblr-2952	500	29	-	-	PUNCT
cblr-2952	500	30	keeping	keeping	NOUN
cblr-2952	500	31	,	,	PUNCT
cblr-2952	500	32	disclosure	disclosure	NOUN
cblr-2952	500	33	,	,	PUNCT
cblr-2952	500	34	ethics	ethic	NOUN
cblr-2952	500	35	,	,	PUNCT
cblr-2952	500	36	safekeeping	safekeeping	NOUN
cblr-2952	500	37	,	,	PUNCT
cblr-2952	500	38	solicitation	solicitation	NOUN
cblr-2952	500	39	,	,	PUNCT
cblr-2952	500	40	managers	manager	NOUN
cblr-2952	500	41	'	'	PART
cblr-2952	500	42	financial	financial	ADJ
cblr-2952	500	43	condition	condition	NOUN
cblr-2952	500	44	,	,	PUNCT
cblr-2952	500	45	and	and	CCONJ
cblr-2952	500	46	proxy	proxy	NOUN
cblr-2952	500	47	voting	voting	NOUN
cblr-2952	500	48	regulations	regulation	NOUN
cblr-2952	500	49	under	under	ADP
cblr-2952	500	50	the	the	DET
cblr-2952	500	51	advisers	adviser	NOUN
cblr-2952	500	52	act	act	PROPN
cblr-2952	500	53	,	,	PUNCT
cblr-2952	500	54	respectively	respectively	ADV
cblr-2952	500	55	)	)	PUNCT
cblr-2952	500	56	.	.	PUNCT
cblr-2952	501	1	"	"	PUNCT
cblr-2952	501	2	'	'	PUNCT
cblr-2952	501	3	this	this	PRON
cblr-2952	501	4	is	be	AUX
cblr-2952	501	5	distinct	distinct	ADJ
cblr-2952	501	6	from	from	ADP
cblr-2952	501	7	the	the	DET
cblr-2952	501	8	oft	oft	ADV
cblr-2952	501	9	-	-	PUNCT
cblr-2952	501	10	expressed	express	VERB
cblr-2952	501	11	view	view	NOUN
cblr-2952	501	12	of	of	ADP
cblr-2952	501	13	hedge	hedge	NOUN
cblr-2952	501	14	fund	fund	NOUN
cblr-2952	501	15	and	and	CCONJ
cblr-2952	501	16	private	private	ADJ
cblr-2952	501	17	equity	equity	NOUN
cblr-2952	501	18	advisers	adviser	NOUN
cblr-2952	501	19	that	that	SCONJ
cblr-2952	501	20	they	they	PRON
cblr-2952	501	21	would	would	AUX
cblr-2952	501	22	prefer	prefer	VERB
cblr-2952	501	23	to	to	PART
cblr-2952	501	24	keep	keep	VERB
cblr-2952	501	25	this	this	DET
cblr-2952	501	26	information	information	NOUN
cblr-2952	501	27	private	private	ADJ
cblr-2952	501	28	for	for	ADP
cblr-2952	501	29	proprietary	proprietary	ADJ
cblr-2952	501	30	and	and	CCONJ
cblr-2952	501	31	other	other	ADJ
cblr-2952	501	32	reasons	reason	NOUN
cblr-2952	501	33	.	.	PUNCT
cblr-2952	502	1	see	see	VERB
cblr-2952	502	2	implications	implication	NOUN
cblr-2952	502	3	of	of	ADP
cblr-2952	502	4	the	the	DET
cblr-2952	502	5	growth	growth	NOUN
cblr-2952	502	6	of	of	ADP
cblr-2952	502	7	hedge	hedge	NOUN
cblr-2952	502	8	funds	fund	NOUN
cblr-2952	502	9	,	,	PUNCT
cblr-2952	502	10	sec	sec	PROPN
cblr-2952	502	11	staff	staff	NOUN
cblr-2952	502	12	report	report	NOUN
cblr-2952	502	13	,	,	PUNCT
cblr-2952	502	14	at	at	ADP
cblr-2952	502	15	46	46	NUM
cblr-2952	502	16	-	-	SYM
cblr-2952	502	17	48	48	NUM
cblr-2952	502	18	(	(	PUNCT
cblr-2952	502	19	sept	sept	PROPN
cblr-2952	502	20	.	.	PROPN
cblr-2952	502	21	2003	2003	NUM
cblr-2952	502	22	)	)	PUNCT
cblr-2952	502	23	,	,	PUNCT
cblr-2952	502	24	available	available	ADJ
cblr-2952	502	25	at	at	ADP
cblr-2952	502	26	http://www.sec.gov/news/studies/hedgefunds0903.pdf	http://www.sec.gov/news/studies/hedgefunds0903.pdf	PROPN
cblr-2952	502	27	[	[	X
cblr-2952	502	28	hereinafter	hereinafter	NOUN
cblr-2952	502	29	hedge	hedge	NOUN
cblr-2952	502	30	fund	fund	PROPN
cblr-2952	502	31	staff	staff	NOUN
cblr-2952	502	32	report	report	NOUN
cblr-2952	502	33	]	]	X
cblr-2952	502	34	;	;	PUNCT
cblr-2952	502	35	investor	investor	NOUN
cblr-2952	502	36	risk	risk	NOUN
cblr-2952	502	37	committee	committee	NOUN
cblr-2952	502	38	,	,	PUNCT
cblr-2952	502	39	hedge	hedge	NOUN
cblr-2952	502	40	fund	fund	NOUN
cblr-2952	502	41	disclosure	disclosure	NOUN
cblr-2952	502	42	for	for	ADP
cblr-2952	502	43	institutional	institutional	ADJ
cblr-2952	502	44	investors	investor	NOUN
cblr-2952	502	45	(	(	PUNCT
cblr-2952	502	46	oct	oct	PROPN
cblr-2952	502	47	.	.	PROPN
cblr-2952	502	48	12	12	NUM
cblr-2952	502	49	,	,	PUNCT
cblr-2952	502	50	2000	2000	NUM
cblr-2952	502	51	)	)	PUNCT
cblr-2952	502	52	,	,	PUNCT
cblr-2952	502	53	available	available	ADJ
cblr-2952	502	54	at	at	ADP
cblr-2952	502	55	https://www.iafe.org/upload/ircconsensusdocumentoctoberl22000.pdf	https://www.iafe.org/upload/ircconsensusdocumentoctoberl22000.pdf	NOUN
cblr-2952	502	56	.	.	PUNCT
cblr-2952	503	1	[	[	X
cblr-2952	503	2	vol	vol	NOUN
cblr-2952	503	3	.	.	NOUN
cblr-2952	503	4	2008	2008	NUM
cblr-2952	503	5	black	black	ADJ
cblr-2952	503	6	market	market	NOUN
cblr-2952	503	7	capital	capital	NOUN
cblr-2952	503	8	a	a	DET
cblr-2952	503	9	hedge	hedge	NOUN
cblr-2952	503	10	fund	fund	NOUN
cblr-2952	503	11	or	or	CCONJ
cblr-2952	503	12	private	private	ADJ
cblr-2952	503	13	equity	equity	NOUN
cblr-2952	503	14	adviser	adviser	NOUN
cblr-2952	503	15	usually	usually	ADV
cblr-2952	503	16	charges	charge	VERB
cblr-2952	503	17	a	a	DET
cblr-2952	503	18	fee	fee	NOUN
cblr-2952	503	19	known	know	VERB
cblr-2952	503	20	as	as	ADP
cblr-2952	503	21	the	the	DET
cblr-2952	503	22	"	"	PUNCT
cblr-2952	503	23	two	two	NUM
cblr-2952	503	24	-	-	PUNCT
cblr-2952	503	25	and	and	CCONJ
cblr-2952	503	26	-	-	PUNCT
cblr-2952	503	27	twenty	twenty	NUM
cblr-2952	503	28	.	.	PUNCT
cblr-2952	504	1	"	"	PUNCT
cblr-2952	504	2	"	"	PUNCT
cblr-2952	504	3	this	this	PRON
cblr-2952	504	4	is	be	AUX
cblr-2952	504	5	a	a	DET
cblr-2952	504	6	two	two	NUM
cblr-2952	504	7	percent	percent	NOUN
cblr-2952	504	8	annual	annual	ADJ
cblr-2952	504	9	management	management	NOUN
cblr-2952	504	10	fee	fee	NOUN
cblr-2952	504	11	imposed	impose	VERB
cblr-2952	504	12	on	on	ADP
cblr-2952	504	13	assets	asset	NOUN
cblr-2952	504	14	under	under	ADP
cblr-2952	504	15	management	management	NOUN
cblr-2952	504	16	;	;	PUNCT
cblr-2952	504	17	in	in	ADP
cblr-2952	504	18	addition	addition	NOUN
cblr-2952	504	19	,	,	PUNCT
cblr-2952	504	20	the	the	DET
cblr-2952	504	21	adviser	adviser	NOUN
cblr-2952	504	22	is	be	AUX
cblr-2952	504	23	usually	usually	ADV
cblr-2952	504	24	remunerated	remunerate	VERB
cblr-2952	504	25	with	with	ADP
cblr-2952	504	26	twenty	twenty	NUM
cblr-2952	504	27	percent	percent	NOUN
cblr-2952	504	28	of	of	ADP
cblr-2952	504	29	the	the	DET
cblr-2952	504	30	fund	fund	NOUN
cblr-2952	504	31	's	's	PART
cblr-2952	504	32	positive	positive	ADJ
cblr-2952	504	33	investment	investment	NOUN
cblr-2952	504	34	returns	return	NOUN
cblr-2952	504	35	.	.	PUNCT
cblr-2952	505	1	"9	"9	VERB
cblr-2952	505	2	this	this	DET
cblr-2952	505	3	high	high	ADJ
cblr-2952	505	4	performance	performance	NOUN
cblr-2952	505	5	fee	fee	NOUN
cblr-2952	505	6	has	have	AUX
cblr-2952	505	7	been	be	AUX
cblr-2952	505	8	found	find	VERB
cblr-2952	505	9	to	to	PART
cblr-2952	505	10	be	be	AUX
cblr-2952	505	11	one	one	NUM
cblr-2952	505	12	of	of	ADP
cblr-2952	505	13	the	the	DET
cblr-2952	505	14	keys	key	NOUN
cblr-2952	505	15	to	to	ADP
cblr-2952	505	16	the	the	DET
cblr-2952	505	17	excess	excess	ADJ
cblr-2952	505	18	returns	return	NOUN
cblr-2952	505	19	and	and	CCONJ
cblr-2952	505	20	superior	superior	ADJ
cblr-2952	505	21	performance	performance	NOUN
cblr-2952	505	22	of	of	ADP
cblr-2952	505	23	hedge	hedge	NOUN
cblr-2952	505	24	funds.2	funds.2	PROPN
cblr-2952	505	25	°	°	NOUN
cblr-2952	506	1	but	but	CCONJ
cblr-2952	506	2	this	this	DET
cblr-2952	506	3	performance	performance	NOUN
cblr-2952	506	4	fee	fee	NOUN
cblr-2952	506	5	is	be	AUX
cblr-2952	506	6	effectively	effectively	ADV
cblr-2952	506	7	prohibited	prohibit	VERB
cblr-2952	506	8	11	11	NUM
cblr-2952	506	9	in	in	ADP
cblr-2952	506	10	addition	addition	NOUN
cblr-2952	506	11	,	,	PUNCT
cblr-2952	506	12	private	private	ADJ
cblr-2952	506	13	equity	equity	NOUN
cblr-2952	506	14	funds	fund	NOUN
cblr-2952	506	15	also	also	ADV
cblr-2952	506	16	often	often	ADV
cblr-2952	506	17	charge	charge	VERB
cblr-2952	506	18	transaction	transaction	NOUN
cblr-2952	506	19	and	and	CCONJ
cblr-2952	506	20	monitoring	monitoring	NOUN
cblr-2952	506	21	fees	fee	NOUN
cblr-2952	506	22	.	.	PUNCT
cblr-2952	507	1	see	see	VERB
cblr-2952	507	2	andrew	andrew	PROPN
cblr-2952	507	3	metrick	metrick	PROPN
cblr-2952	507	4	&	&	CCONJ
cblr-2952	507	5	ayako	ayako	PROPN
cblr-2952	507	6	yasuda	yasuda	PROPN
cblr-2952	507	7	,	,	PUNCT
cblr-2952	507	8	the	the	DET
cblr-2952	507	9	economics	economic	NOUN
cblr-2952	507	10	of	of	ADP
cblr-2952	507	11	private	private	ADJ
cblr-2952	507	12	equity	equity	NOUN
cblr-2952	507	13	funds	fund	NOUN
cblr-2952	507	14	,	,	PUNCT
cblr-2952	507	15	9	9	NUM
cblr-2952	507	16	(	(	PUNCT
cblr-2952	507	17	sept	sept	PROPN
cblr-2952	507	18	.	.	PROPN
cblr-2952	507	19	9	9	NUM
cblr-2952	507	20	,	,	PUNCT
cblr-2952	507	21	2007	2007	NUM
cblr-2952	507	22	)	)	PUNCT
cblr-2952	507	23	,	,	PUNCT
cblr-2952	507	24	available	available	ADJ
cblr-2952	507	25	at	at	ADP
cblr-2952	507	26	http://ssrn.com/abstract=996334	http://ssrn.com/abstract=996334	PROPN
cblr-2952	507	27	.	.	PUNCT
cblr-2952	508	1	119	119	NUM
cblr-2952	508	2	see	see	VERB
cblr-2952	508	3	hammer	hammer	NOUN
cblr-2952	508	4	et	et	PROPN
cblr-2952	508	5	al	al	PROPN
cblr-2952	508	6	.	.	PROPN
cblr-2952	508	7	,	,	PUNCT
cblr-2952	508	8	supra	supra	PROPN
cblr-2952	508	9	note	note	PROPN
cblr-2952	508	10	112	112	NUM
cblr-2952	508	11	,	,	PUNCT
cblr-2952	508	12	§	§	PROPN
cblr-2952	508	13	15.1	15.1	NUM
cblr-2952	508	14	;	;	PUNCT
cblr-2952	508	15	george	george	PROPN
cblr-2952	508	16	w.	w.	PROPN
cblr-2952	508	17	fenn	fenn	PROPN
cblr-2952	508	18	et	et	PROPN
cblr-2952	508	19	al	al	PROPN
cblr-2952	508	20	.	.	PROPN
cblr-2952	508	21	,	,	PUNCT
cblr-2952	508	22	the	the	DET
cblr-2952	508	23	private	private	ADJ
cblr-2952	508	24	equity	equity	NOUN
cblr-2952	508	25	market	market	NOUN
cblr-2952	508	26	:	:	PUNCT
cblr-2952	508	27	an	an	DET
cblr-2952	508	28	overview	overview	NOUN
cblr-2952	508	29	,	,	PUNCT
cblr-2952	508	30	6	6	NUM
cblr-2952	508	31	fin	fin	NOUN
cblr-2952	508	32	.	.	PUNCT
cblr-2952	509	1	mkts.instit	mkts.instit	PROPN
cblr-2952	509	2	.	.	PROPN
cblr-2952	509	3	&	&	CCONJ
cblr-2952	509	4	instr	instr	PROPN
cblr-2952	509	5	.	.	PROPN
cblr-2952	509	6	1	1	NUM
cblr-2952	509	7	,	,	PUNCT
cblr-2952	509	8	63	63	NUM
cblr-2952	509	9	-	-	SYM
cblr-2952	509	10	64	64	NUM
cblr-2952	509	11	(	(	PUNCT
cblr-2952	509	12	1997	1997	NUM
cblr-2952	509	13	)	)	PUNCT
cblr-2952	509	14	.	.	PUNCT
cblr-2952	510	1	fees	fee	NOUN
cblr-2952	510	2	here	here	ADV
cblr-2952	510	3	can	can	AUX
cblr-2952	510	4	vary	vary	VERB
cblr-2952	510	5	widely	widely	ADV
cblr-2952	510	6	,	,	PUNCT
cblr-2952	510	7	and	and	CCONJ
cblr-2952	510	8	certain	certain	ADJ
cblr-2952	510	9	funds	fund	NOUN
cblr-2952	510	10	have	have	AUX
cblr-2952	510	11	been	be	AUX
cblr-2952	510	12	known	know	VERB
cblr-2952	510	13	to	to	PART
cblr-2952	510	14	charge	charge	VERB
cblr-2952	510	15	up	up	ADP
cblr-2952	510	16	to	to	ADP
cblr-2952	510	17	a	a	DET
cblr-2952	510	18	four	four	NUM
cblr-2952	510	19	percent	percent	NOUN
cblr-2952	510	20	management	management	NOUN
cblr-2952	510	21	fee	fee	NOUN
cblr-2952	510	22	and	and	CCONJ
cblr-2952	510	23	up	up	ADP
cblr-2952	510	24	to	to	ADP
cblr-2952	510	25	a	a	DET
cblr-2952	510	26	forty	forty	NUM
cblr-2952	510	27	percent	percent	NOUN
cblr-2952	510	28	performance	performance	NOUN
cblr-2952	510	29	fee	fee	NOUN
cblr-2952	510	30	.	.	PUNCT
cblr-2952	511	1	other	other	ADJ
cblr-2952	511	2	newer	new	ADJ
cblr-2952	511	3	funds	fund	NOUN
cblr-2952	511	4	will	will	AUX
cblr-2952	511	5	charge	charge	VERB
cblr-2952	511	6	fees	fee	NOUN
cblr-2952	511	7	below	below	ADP
cblr-2952	511	8	the	the	DET
cblr-2952	511	9	two	two	NUM
cblr-2952	511	10	-	-	PUNCT
cblr-2952	511	11	and	and	CCONJ
cblr-2952	511	12	-	-	PUNCT
cblr-2952	511	13	twenty	twenty	NUM
cblr-2952	511	14	standard	standard	NOUN
cblr-2952	511	15	.	.	PUNCT
cblr-2952	512	1	in	in	ADP
cblr-2952	512	2	addition	addition	NOUN
cblr-2952	512	3	,	,	PUNCT
cblr-2952	512	4	fees	fee	NOUN
cblr-2952	512	5	are	be	AUX
cblr-2952	512	6	often	often	ADV
cblr-2952	512	7	subject	subject	ADJ
cblr-2952	512	8	to	to	ADP
cblr-2952	512	9	hurdle	hurdle	NOUN
cblr-2952	512	10	rates	rate	NOUN
cblr-2952	512	11	,	,	PUNCT
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cblr-2952	512	13	require	require	VERB
cblr-2952	512	14	a	a	DET
cblr-2952	512	15	minimum	minimum	ADJ
cblr-2952	512	16	return	return	NOUN
cblr-2952	512	17	before	before	SCONJ
cblr-2952	512	18	the	the	DET
cblr-2952	512	19	performance	performance	NOUN
cblr-2952	512	20	fee	fee	NOUN
cblr-2952	512	21	is	be	AUX
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cblr-2952	512	23	,	,	PUNCT
cblr-2952	512	24	and	and	CCONJ
cblr-2952	512	25	high	high	ADJ
cblr-2952	512	26	watermark	watermark	NOUN
cblr-2952	512	27	provisions	provision	NOUN
cblr-2952	512	28	which	which	PRON
cblr-2952	512	29	require	require	VERB
cblr-2952	512	30	that	that	SCONJ
cblr-2952	512	31	previous	previous	ADJ
cblr-2952	512	32	losses	loss	NOUN
cblr-2952	512	33	in	in	ADP
cblr-2952	512	34	prior	prior	ADJ
cblr-2952	512	35	periods	period	NOUN
cblr-2952	512	36	be	be	AUX
cblr-2952	512	37	recouped	recoup	VERB
cblr-2952	512	38	before	before	SCONJ
cblr-2952	512	39	the	the	DET
cblr-2952	512	40	performance	performance	NOUN
cblr-2952	512	41	fee	fee	NOUN
cblr-2952	512	42	is	be	AUX
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cblr-2952	512	44	.	.	PUNCT
cblr-2952	513	1	see	see	VERB
cblr-2952	513	2	,	,	PUNCT
cblr-2952	513	3	e.g.	e.g.	ADV
cblr-2952	513	4	,	,	PUNCT
cblr-2952	513	5	agarwal	agarwal	PROPN
cblr-2952	513	6	et	et	PROPN
cblr-2952	513	7	al	al	PROPN
cblr-2952	513	8	.	.	PROPN
cblr-2952	513	9	,	,	PUNCT
cblr-2952	513	10	supra	supra	PROPN
cblr-2952	513	11	note	note	PROPN
cblr-2952	513	12	108	108	NUM
cblr-2952	513	13	,	,	PUNCT
cblr-2952	513	14	at	at	ADP
cblr-2952	513	15	13	13	NUM
cblr-2952	513	16	(	(	PUNCT
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cblr-2952	513	18	a	a	DET
cblr-2952	513	19	comprehensive	comprehensive	ADJ
cblr-2952	513	20	hedge	hedge	NOUN
cblr-2952	513	21	fund	fund	NOUN
cblr-2952	513	22	database	database	NOUN
cblr-2952	513	23	to	to	PART
cblr-2952	513	24	"	"	PUNCT
cblr-2952	513	25	find	find	VERB
cblr-2952	513	26	that	that	SCONJ
cblr-2952	513	27	61	61	NUM
cblr-2952	513	28	%	%	NOUN
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cblr-2952	513	31	[	[	X
cblr-2952	513	32	hedge	hedge	NOUN
cblr-2952	513	33	]	]	X
cblr-2952	513	34	funds	fund	NOUN
cblr-2952	513	35	have	have	VERB
cblr-2952	513	36	a	a	DET
cblr-2952	513	37	hurdle	hurdle	NOUN
cblr-2952	513	38	rate	rate	NOUN
cblr-2952	513	39	provision	provision	NOUN
cblr-2952	513	40	,	,	PUNCT
cblr-2952	513	41	and	and	CCONJ
cblr-2952	513	42	80	80	NUM
cblr-2952	513	43	%	%	NOUN
cblr-2952	513	44	of	of	ADP
cblr-2952	513	45	the	the	DET
cblr-2952	513	46	[	[	X
cblr-2952	513	47	hedge	hedge	NOUN
cblr-2952	513	48	]	]	X
cblr-2952	513	49	funds	fund	NOUN
cblr-2952	513	50	have	have	VERB
cblr-2952	513	51	high	high	ADJ
cblr-2952	513	52	-	-	PUNCT
cblr-2952	513	53	water	water	NOUN
cblr-2952	513	54	mark	mark	NOUN
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cblr-2952	513	56	"	"	PUNCT
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cblr-2952	513	58	.	.	PUNCT
cblr-2952	514	1	120	120	NUM
cblr-2952	514	2	see	see	VERB
cblr-2952	514	3	franklin	franklin	PROPN
cblr-2952	514	4	r.	r.	PROPN
cblr-2952	514	5	edwards	edwards	PROPN
cblr-2952	514	6	&	&	CCONJ
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cblr-2952	514	8	0	0	PROPN
cblr-2952	514	9	.	.	PUNCT
cblr-2952	514	10	caglayan	caglayan	NOUN
cblr-2952	514	11	,	,	PUNCT
cblr-2952	514	12	hedge	hedge	NOUN
cblr-2952	514	13	fund	fund	NOUN
cblr-2952	514	14	performance	performance	NOUN
cblr-2952	514	15	and	and	CCONJ
cblr-2952	514	16	manager	manager	NOUN
cblr-2952	514	17	skill	skill	NOUN
cblr-2952	514	18	,	,	PUNCT
cblr-2952	514	19	21	21	NUM
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cblr-2952	514	21	futures	futures	PROPN
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cblr-2952	514	24	,	,	PUNCT
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cblr-2952	514	26	(	(	PUNCT
cblr-2952	514	27	2001	2001	NUM
cblr-2952	514	28	)	)	PUNCT
cblr-2952	514	29	(	(	PUNCT
cblr-2952	514	30	finding	find	VERB
cblr-2952	514	31	that	that	SCONJ
cblr-2952	514	32	"	"	PUNCT
cblr-2952	514	33	the	the	PRON
cblr-2952	514	34	higher	high	ADJ
cblr-2952	514	35	the	the	DET
cblr-2952	514	36	incentive	incentive	NOUN
cblr-2952	514	37	fee	fee	NOUN
cblr-2952	514	38	....	....	PUNCT
cblr-2952	515	1	the	the	PRON
cblr-2952	515	2	better	well	ADJ
cblr-2952	515	3	a	a	DET
cblr-2952	515	4	[	[	X
cblr-2952	515	5	hedge	hedge	NOUN
cblr-2952	515	6	]	]	PUNCT
cblr-2952	515	7	fund	fund	NOUN
cblr-2952	515	8	's	's	PART
cblr-2952	515	9	after	after	ADP
cblr-2952	515	10	-	-	PUNCT
cblr-2952	515	11	fee	fee	NOUN
cblr-2952	515	12	performance	performance	NOUN
cblr-2952	515	13	"	"	PUNCT
cblr-2952	515	14	)	)	PUNCT
cblr-2952	515	15	;	;	PUNCT
cblr-2952	515	16	hung	hung	ADJ
cblr-2952	515	17	-	-	PUNCT
cblr-2952	515	18	gay	gay	NOUN
cblr-2952	515	19	fung	fung	PROPN
cblr-2952	515	20	et	et	PROPN
cblr-2952	515	21	al	al	PROPN
cblr-2952	515	22	.	.	PROPN
cblr-2952	515	23	,	,	PUNCT
cblr-2952	515	24	global	global	ADJ
cblr-2952	515	25	hedge	hedge	NOUN
cblr-2952	515	26	funds	fund	NOUN
cblr-2952	515	27	:	:	PUNCT
cblr-2952	515	28	risk	risk	NOUN
cblr-2952	515	29	,	,	PUNCT
cblr-2952	515	30	return	return	NOUN
cblr-2952	515	31	,	,	PUNCT
cblr-2952	515	32	and	and	CCONJ
cblr-2952	515	33	market	market	NOUN
cblr-2952	515	34	timing	timing	NOUN
cblr-2952	515	35	,	,	PUNCT
cblr-2952	515	36	58	58	NUM
cblr-2952	515	37	fin	fin	NOUN
cblr-2952	515	38	.	.	PUNCT
cblr-2952	516	1	analysts	analyst	NOUN
cblr-2952	516	2	j.	j.	PROPN
cblr-2952	516	3	19	19	NUM
cblr-2952	516	4	,	,	PUNCT
cblr-2952	516	5	28	28	NUM
cblr-2952	516	6	(	(	PUNCT
cblr-2952	516	7	2002	2002	NUM
cblr-2952	516	8	)	)	PUNCT
cblr-2952	516	9	;	;	PUNCT
cblr-2952	516	10	liang	liang	PROPN
cblr-2952	516	11	,	,	PUNCT
cblr-2952	516	12	supra	supra	PROPN
cblr-2952	516	13	note	note	PROPN
cblr-2952	516	14	106	106	NUM
cblr-2952	516	15	,	,	PUNCT
cblr-2952	516	16	at	at	ADP
cblr-2952	516	17	83	83	NUM
cblr-2952	516	18	(	(	PUNCT
cblr-2952	516	19	finding	find	VERB
cblr-2952	516	20	that	that	SCONJ
cblr-2952	516	21	the	the	DET
cblr-2952	516	22	hedge	hedge	NOUN
cblr-2952	516	23	fund	fund	NOUN
cblr-2952	516	24	"	"	PUNCT
cblr-2952	516	25	incentive	incentive	NOUN
cblr-2952	516	26	fee	fee	NOUN
cblr-2952	516	27	structure	structure	NOUN
cblr-2952	516	28	does	do	AUX
cblr-2952	516	29	align	align	VERB
cblr-2952	516	30	manager	manager	NOUN
cblr-2952	516	31	and	and	CCONJ
cblr-2952	516	32	investor	investor	NOUN
cblr-2952	516	33	interests	interest	NOUN
cblr-2952	516	34	"	"	PUNCT
cblr-2952	516	35	)	)	PUNCT
cblr-2952	516	36	;	;	PUNCT
cblr-2952	516	37	see	see	VERB
cblr-2952	516	38	also	also	ADV
cblr-2952	516	39	vikas	vikas	PROPN
cblr-2952	516	40	agarwal	agarwal	PROPN
cblr-2952	516	41	et	et	PROPN
cblr-2952	516	42	al	al	PROPN
cblr-2952	516	43	.	.	PROPN
cblr-2952	516	44	,	,	PUNCT
cblr-2952	516	45	supra	supra	PROPN
cblr-2952	516	46	note	note	PROPN
cblr-2952	516	47	108	108	NUM
cblr-2952	516	48	,	,	PUNCT
cblr-2952	516	49	at	at	ADP
cblr-2952	516	50	5	5	NUM
cblr-2952	516	51	(	(	PUNCT
cblr-2952	516	52	examining	examine	VERB
cblr-2952	516	53	the	the	DET
cblr-2952	516	54	compensation	compensation	NOUN
cblr-2952	516	55	structure	structure	NOUN
cblr-2952	516	56	of	of	ADP
cblr-2952	516	57	hedge	hedge	NOUN
cblr-2952	516	58	fund	fund	NOUN
cblr-2952	516	59	advisers	adviser	NOUN
cblr-2952	516	60	and	and	CCONJ
cblr-2952	516	61	concluding	conclude	VERB
cblr-2952	516	62	"	"	PUNCT
cblr-2952	516	63	that	that	SCONJ
cblr-2952	516	64	greater	great	ADJ
cblr-2952	516	65	managerial	managerial	ADJ
cblr-2952	516	66	incentives	incentive	NOUN
cblr-2952	516	67	are	be	AUX
cblr-2952	516	68	associated	associate	VERB
cblr-2952	516	69	with	with	ADP
cblr-2952	516	70	higher	high	ADJ
cblr-2952	516	71	returns	return	NOUN
cblr-2952	516	72	"	"	PUNCT
cblr-2952	516	73	)	)	PUNCT
cblr-2952	516	74	;	;	PUNCT
cblr-2952	516	75	h.	h.	PROPN
cblr-2952	516	76	kazemi	kazemi	PROPN
cblr-2952	516	77	et	et	PROPN
cblr-2952	516	78	al	al	PROPN
cblr-2952	516	79	.	.	PROPN
cblr-2952	516	80	,	,	PUNCT
cblr-2952	516	81	understanding	understand	VERB
cblr-2952	516	82	hedge	hedge	NOUN
cblr-2952	516	83	fund	fund	NOUN
cblr-2952	516	84	performance	performance	NOUN
cblr-2952	516	85	:	:	PUNCT
cblr-2952	516	86	research	research	NOUN
cblr-2952	516	87	issues	issue	NOUN
cblr-2952	516	88	revisited	revisit	VERB
cblr-2952	516	89	-	-	PUNCT
cblr-2952	516	90	part	part	NOUN
cblr-2952	516	91	i	i	PROPN
cblr-2952	516	92	,	,	PUNCT
cblr-2952	516	93	j.	j.	PROPN
cblr-2952	516	94	alt	alt	PROPN
cblr-2952	516	95	.	.	PUNCT
cblr-2952	517	1	inv	inv	VERB
cblr-2952	517	2	.	.	PUNCT
cblr-2952	518	1	(	(	PUNCT
cblr-2952	518	2	winter	winter	NOUN
cblr-2952	518	3	2002	2002	NUM
cblr-2952	518	4	)	)	PUNCT
cblr-2952	518	5	(	(	PUNCT
cblr-2952	518	6	finding	find	VERB
cblr-2952	518	7	that	that	SCONJ
cblr-2952	518	8	performance	performance	NOUN
cblr-2952	518	9	fees	fee	NOUN
cblr-2952	518	10	do	do	AUX
cblr-2952	518	11	not	not	PART
cblr-2952	518	12	have	have	VERB
cblr-2952	518	13	a	a	DET
cblr-2952	518	14	significant	significant	ADJ
cblr-2952	518	15	effect	effect	NOUN
cblr-2952	518	16	on	on	ADP
cblr-2952	518	17	hedge	hedge	NOUN
cblr-2952	518	18	fund	fund	NOUN
cblr-2952	518	19	returns	return	NOUN
cblr-2952	518	20	)	)	PUNCT
cblr-2952	518	21	;	;	PUNCT
cblr-2952	518	22	phalippou	phalippou	PROPN
cblr-2952	518	23	&	&	CCONJ
cblr-2952	518	24	gottschalg	gottschalg	PROPN
cblr-2952	518	25	,	,	PUNCT
cblr-2952	518	26	supra	supra	PROPN
cblr-2952	518	27	note	note	PROPN
cblr-2952	518	28	41	41	NUM
cblr-2952	518	29	,	,	PUNCT
cblr-2952	518	30	at	at	ADP
cblr-2952	518	31	4	4	NUM
cblr-2952	518	32	(	(	PUNCT
cblr-2952	518	33	finding	find	VERB
cblr-2952	518	34	a	a	DET
cblr-2952	518	35	typical	typical	ADJ
cblr-2952	518	36	fee	fee	NOUN
cblr-2952	518	37	structure	structure	NOUN
cblr-2952	518	38	produces	produce	VERB
cblr-2952	518	39	gross	gross	ADJ
cblr-2952	518	40	alpha	alpha	NOUN
cblr-2952	518	41	of	of	ADP
cblr-2952	518	42	3.5	3.5	NUM
cblr-2952	518	43	%	%	NOUN
cblr-2952	518	44	and	and	CCONJ
cblr-2952	518	45	that	that	SCONJ
cblr-2952	518	46	management	management	NOUN
cblr-2952	518	47	fees	fee	NOUN
cblr-2952	518	48	have	have	VERB
cblr-2952	518	49	a	a	DET
cblr-2952	518	50	larger	large	ADJ
cblr-2952	518	51	impact	impact	NOUN
cblr-2952	518	52	on	on	ADP
cblr-2952	518	53	performance	performance	NOUN
cblr-2952	518	54	than	than	ADP
cblr-2952	518	55	incentive	incentive	NOUN
cblr-2952	518	56	fees	fee	NOUN
cblr-2952	518	57	)	)	PUNCT
cblr-2952	518	58	.	.	PUNCT
cblr-2952	519	1	but	but	CCONJ
cblr-2952	519	2	see	see	VERB
cblr-2952	519	3	james	james	PROPN
cblr-2952	519	4	r.	r.	PROPN
cblr-2952	519	5	barth	barth	PROPN
cblr-2952	519	6	et	et	PROPN
cblr-2952	519	7	al	al	PROPN
cblr-2952	519	8	.	.	PROPN
cblr-2952	519	9	,	,	PUNCT
cblr-2952	519	10	hedge	hedge	NOUN
cblr-2952	519	11	funds	fund	NOUN
cblr-2952	519	12	:	:	PUNCT
cblr-2952	519	13	risks	risk	NOUN
cblr-2952	519	14	and	and	CCONJ
cblr-2952	519	15	returns	return	NOUN
cblr-2952	519	16	in	in	ADP
cblr-2952	519	17	global	global	ADJ
cblr-2952	519	18	capital	capital	NOUN
cblr-2952	519	19	markets	market	NOUN
cblr-2952	519	20	,	,	PUNCT
cblr-2952	519	21	60	60	NUM
cblr-2952	519	22	(	(	PUNCT
cblr-2952	519	23	dec	dec	PROPN
cblr-2952	519	24	.	.	PROPN
cblr-2952	519	25	2006	2006	NUM
cblr-2952	519	26	)	)	PUNCT
cblr-2952	519	27	,	,	PUNCT
cblr-2952	519	28	available	available	ADJ
cblr-2952	519	29	at	at	ADP
cblr-2952	519	30	http://www.milkeninstitute.org/publictions/publications.taf?function=detai	http://www.milkeninstitute.org/publictions/publications.taf?function=detai	PUNCT
cblr-2952	519	31	l&id=590&cat	l&id=590&cat	X
cblr-2952	519	32	=	=	SYM
cblr-2952	519	33	resrep	resrep	NOUN
cblr-2952	519	34	.	.	PUNCT
cblr-2952	520	1	cf	cf	PROPN
cblr-2952	520	2	.	.	PUNCT
cblr-2952	521	1	paul	paul	PROPN
cblr-2952	521	2	gompers	gompers	PROPN
cblr-2952	521	3	&	&	CCONJ
cblr-2952	521	4	josh	josh	PROPN
cblr-2952	521	5	lerner	lerner	PROPN
cblr-2952	521	6	,	,	PUNCT
cblr-2952	521	7	an	an	DET
cblr-2952	521	8	analysis	analysis	NOUN
cblr-2952	521	9	of	of	ADP
cblr-2952	521	10	compensation	compensation	NOUN
cblr-2952	521	11	in	in	ADP
cblr-2952	521	12	the	the	DET
cblr-2952	521	13	u.s	u.s	PROPN
cblr-2952	521	14	.	.	PROPN
cblr-2952	521	15	venture	venture	PROPN
cblr-2952	521	16	capital	capital	PROPN
cblr-2952	521	17	partnership	partnership	PROPN
cblr-2952	521	18	,	,	PUNCT
cblr-2952	521	19	51(1	51(1	NUM
cblr-2952	521	20	)	)	PUNCT
cblr-2952	521	21	j.	j.	PROPN
cblr-2952	521	22	fin	fin	PROPN
cblr-2952	521	23	.	.	PUNCT
cblr-2952	521	24	econ	econ	PROPN
cblr-2952	521	25	.	.	PUNCT
cblr-2952	522	1	3	3	NUM
cblr-2952	522	2	no	no	NOUN
cblr-2952	522	3	.	.	PUNCT
cblr-2952	523	1	1:172	1:172	NUM
cblr-2952	523	2	]	]	PUNCT
cblr-2952	523	3	for	for	ADP
cblr-2952	523	4	publicly	publicly	ADV
cblr-2952	523	5	-	-	PUNCT
cblr-2952	523	6	traded	trade	VERB
cblr-2952	523	7	registered	registered	ADJ
cblr-2952	523	8	investment	investment	NOUN
cblr-2952	523	9	companies	company	NOUN
cblr-2952	523	10	under	under	ADP
cblr-2952	523	11	the	the	DET
cblr-2952	523	12	advisers	adviser	NOUN
cblr-2952	523	13	act	act	PROPN
cblr-2952	523	14	.	.	PUNCT
cblr-2952	524	1	121	121	NUM
cblr-2952	524	2	moreover	moreover	ADV
cblr-2952	524	3	,	,	PUNCT
cblr-2952	524	4	fund	fund	NOUN
cblr-2952	524	5	fees	fee	NOUN
cblr-2952	524	6	in	in	ADP
cblr-2952	524	7	general	general	ADJ
cblr-2952	524	8	are	be	AUX
cblr-2952	524	9	limited	limit	VERB
cblr-2952	524	10	by	by	ADP
cblr-2952	524	11	the	the	DET
cblr-2952	524	12	fiduciary	fiduciary	ADJ
cblr-2952	524	13	duties	duty	NOUN
cblr-2952	524	14	of	of	ADP
cblr-2952	524	15	the	the	DET
cblr-2952	524	16	fund	fund	NOUN
cblr-2952	524	17	adviser	adviser	NOUN
cblr-2952	524	18	imposed	impose	VERB
cblr-2952	524	19	by	by	ADP
cblr-2952	524	20	federal	federal	ADJ
cblr-2952	524	21	law	law	NOUN
cblr-2952	524	22	and	and	CCONJ
cblr-2952	524	23	rules	rule	NOUN
cblr-2952	524	24	promulgated	promulgate	VERB
cblr-2952	524	25	by	by	ADP
cblr-2952	524	26	the	the	DET
cblr-2952	524	27	financial	financial	ADJ
cblr-2952	524	28	industry	industry	NOUN
cblr-2952	524	29	regulatory	regulatory	ADJ
cblr-2952	524	30	authority	authority	NOUN
cblr-2952	524	31	(	(	PUNCT
cblr-2952	524	32	formerly	formerly	ADV
cblr-2952	524	33	the	the	DET
cblr-2952	524	34	national	national	PROPN
cblr-2952	524	35	association	association	PROPN
cblr-2952	524	36	of	of	ADP
cblr-2952	524	37	securities	securities	PROPN
cblr-2952	524	38	dealers).122	dealers).122	PROPN
cblr-2952	524	39	accordingly	accordingly	ADV
cblr-2952	524	40	,	,	PUNCT
cblr-2952	524	41	a	a	DET
cblr-2952	524	42	publicly	publicly	ADV
cblr-2952	524	43	traded	trade	VERB
cblr-2952	524	44	investment	investment	NOUN
cblr-2952	524	45	company	company	NOUN
cblr-2952	524	46	has	have	VERB
cblr-2952	524	47	an	an	DET
cblr-2952	524	48	effective	effective	ADJ
cblr-2952	524	49	fee	fee	NOUN
cblr-2952	524	50	cap	cap	NOUN
cblr-2952	524	51	and	and	CCONJ
cblr-2952	524	52	the	the	DET
cblr-2952	524	53	fee	fee	NOUN
cblr-2952	524	54	can	can	AUX
cblr-2952	524	55	not	not	PART
cblr-2952	524	56	be	be	AUX
cblr-2952	524	57	a	a	DET
cblr-2952	524	58	percentage	percentage	NOUN
cblr-2952	524	59	of	of	ADP
cblr-2952	524	60	absolute	absolute	ADJ
cblr-2952	524	61	investment	investment	NOUN
cblr-2952	524	62	performance	performance	NOUN
cblr-2952	524	63	-	-	PUNCT
cblr-2952	524	64	the	the	DET
cblr-2952	524	65	result	result	NOUN
cblr-2952	524	66	is	be	AUX
cblr-2952	524	67	that	that	SCONJ
cblr-2952	524	68	the	the	DET
cblr-2952	524	69	total	total	ADJ
cblr-2952	524	70	fee	fee	NOUN
cblr-2952	524	71	is	be	AUX
cblr-2952	524	72	lower	low	ADJ
cblr-2952	524	73	than	than	ADP
cblr-2952	524	74	the	the	DET
cblr-2952	524	75	industry	industry	NOUN
cblr-2952	524	76	norm	norm	NOUN
cblr-2952	524	77	for	for	ADP
cblr-2952	524	78	hedge	hedge	NOUN
cblr-2952	524	79	funds	fund	NOUN
cblr-2952	524	80	and	and	CCONJ
cblr-2952	524	81	private	private	ADJ
cblr-2952	524	82	equity.13	equity.13	NOUN
cblr-2952	524	83	notably	notably	ADV
cblr-2952	524	84	,	,	PUNCT
cblr-2952	524	85	this	this	DET
cblr-2952	524	86	fee	fee	NOUN
cblr-2952	524	87	cap	cap	NOUN
cblr-2952	524	88	does	do	AUX
cblr-2952	524	89	not	not	PART
cblr-2952	524	90	apply	apply	VERB
cblr-2952	524	91	if	if	SCONJ
cblr-2952	524	92	the	the	DET
cblr-2952	524	93	investment	investment	NOUN
cblr-2952	524	94	adviser	adviser	NOUN
cblr-2952	524	95	limits	limit	VERB
cblr-2952	524	96	its	its	PRON
cblr-2952	524	97	advised	advise	VERB
cblr-2952	524	98	funds	fund	NOUN
cblr-2952	524	99	to	to	ADP
cblr-2952	524	100	investors	investor	NOUN
cblr-2952	524	101	with	with	ADP
cblr-2952	524	102	a	a	DET
cblr-2952	524	103	net	net	ADJ
cblr-2952	524	104	worth	worth	NOUN
cblr-2952	524	105	at	at	ADP
cblr-2952	524	106	or	or	CCONJ
cblr-2952	524	107	in	in	ADP
cblr-2952	524	108	excess	excess	NOUN
cblr-2952	524	109	of	of	ADP
cblr-2952	524	110	$	$	SYM
cblr-2952	524	111	1.5	1.5	NUM
cblr-2952	524	112	million	million	NUM
cblr-2952	524	113	or	or	CCONJ
cblr-2952	524	114	(	(	PUNCT
cblr-2952	524	115	1999	1999	NUM
cblr-2952	524	116	)	)	PUNCT
cblr-2952	524	117	.	.	PUNCT
cblr-2952	525	1	notably	notably	ADV
cblr-2952	525	2	,	,	PUNCT
cblr-2952	525	3	both	both	DET
cblr-2952	525	4	private	private	ADJ
cblr-2952	525	5	equity	equity	NOUN
cblr-2952	525	6	and	and	CCONJ
cblr-2952	525	7	hedge	hedge	PROPN
cblr-2952	525	8	fund	fund	PROPN
cblr-2952	525	9	advisers	adviser	NOUN
cblr-2952	525	10	co	co	VERB
cblr-2952	525	11	-	-	VERB
cblr-2952	525	12	invest	invest	VERB
cblr-2952	525	13	significantly	significantly	ADV
cblr-2952	525	14	in	in	ADP
cblr-2952	525	15	their	their	PRON
cblr-2952	525	16	funds	fund	NOUN
cblr-2952	525	17	.	.	PUNCT
cblr-2952	526	1	this	this	PRON
cblr-2952	526	2	has	have	AUX
cblr-2952	526	3	also	also	ADV
cblr-2952	526	4	been	be	AUX
cblr-2952	526	5	found	find	VERB
cblr-2952	526	6	to	to	PART
cblr-2952	526	7	be	be	AUX
cblr-2952	526	8	a	a	DET
cblr-2952	526	9	factor	factor	NOUN
cblr-2952	526	10	in	in	ADP
cblr-2952	526	11	the	the	DET
cblr-2952	526	12	superior	superior	ADJ
cblr-2952	526	13	performance	performance	NOUN
cblr-2952	526	14	of	of	ADP
cblr-2952	526	15	hedge	hedge	NOUN
cblr-2952	526	16	funds	fund	NOUN
cblr-2952	526	17	.	.	PUNCT
cblr-2952	527	1	see	see	VERB
cblr-2952	527	2	vikas	vikas	PROPN
cblr-2952	527	3	agarwal	agarwal	PROPN
cblr-2952	527	4	et	et	PROPN
cblr-2952	527	5	al	al	PROPN
cblr-2952	527	6	.	.	PROPN
cblr-2952	527	7	,	,	PUNCT
cblr-2952	527	8	supra	supra	PROPN
cblr-2952	527	9	note	note	PROPN
cblr-2952	527	10	108	108	NUM
cblr-2952	527	11	,	,	PUNCT
cblr-2952	527	12	at	at	ADP
cblr-2952	527	13	17	17	NUM
cblr-2952	527	14	(	(	PUNCT
cblr-2952	527	15	finding	find	VERB
cblr-2952	527	16	that	that	SCONJ
cblr-2952	527	17	"	"	PUNCT
cblr-2952	527	18	[	[	X
cblr-2952	527	19	a	a	X
cblr-2952	527	20	]	]	X
cblr-2952	527	21	one	one	NUM
cblr-2952	527	22	-	-	PUNCT
cblr-2952	527	23	standard	standard	NOUN
cblr-2952	527	24	deviation	deviation	NOUN
cblr-2952	527	25	increase	increase	NOUN
cblr-2952	527	26	in	in	ADP
cblr-2952	527	27	managerial	managerial	ADJ
cblr-2952	527	28	ownership	ownership	NOUN
cblr-2952	527	29	increases	increase	VERB
cblr-2952	527	30	returns	return	NOUN
cblr-2952	527	31	by	by	ADP
cblr-2952	527	32	1.5	1.5	NUM
cblr-2952	527	33	%	%	NOUN
cblr-2952	527	34	relative	relative	ADJ
cblr-2952	527	35	to	to	ADP
cblr-2952	527	36	a	a	DET
cblr-2952	527	37	mean	mean	NOUN
cblr-2952	527	38	of	of	ADP
cblr-2952	527	39	12.2	12.2	NUM
cblr-2952	527	40	%	%	NOUN
cblr-2952	527	41	(	(	PUNCT
cblr-2952	527	42	a	a	DET
cblr-2952	527	43	performance	performance	NOUN
cblr-2952	527	44	improvement	improvement	NOUN
cblr-2952	527	45	of	of	ADP
cblr-2952	527	46	12	12	NUM
cblr-2952	527	47	%	%	NOUN
cblr-2952	527	48	)	)	PUNCT
cblr-2952	527	49	"	"	PUNCT
cblr-2952	527	50	)	)	PUNCT
cblr-2952	527	51	.	.	PUNCT
cblr-2952	528	1	121	121	NUM
cblr-2952	528	2	a	a	DET
cblr-2952	528	3	performance	performance	NOUN
cblr-2952	528	4	fee	fee	NOUN
cblr-2952	528	5	can	can	AUX
cblr-2952	528	6	not	not	PART
cblr-2952	528	7	be	be	AUX
cblr-2952	528	8	charged	charge	VERB
cblr-2952	528	9	by	by	ADP
cblr-2952	528	10	a	a	DET
cblr-2952	528	11	registered	register	VERB
cblr-2952	528	12	investment	investment	NOUN
cblr-2952	528	13	adviser	adviser	NOUN
cblr-2952	528	14	unless	unless	SCONJ
cblr-2952	528	15	all	all	PRON
cblr-2952	528	16	of	of	ADP
cblr-2952	528	17	its	its	PRON
cblr-2952	528	18	clients	client	NOUN
cblr-2952	528	19	have	have	VERB
cblr-2952	528	20	a	a	DET
cblr-2952	528	21	net	net	ADJ
cblr-2952	528	22	worth	worth	NOUN
cblr-2952	528	23	at	at	ADP
cblr-2952	528	24	or	or	CCONJ
cblr-2952	528	25	in	in	ADP
cblr-2952	528	26	excess	excess	NOUN
cblr-2952	528	27	of	of	ADP
cblr-2952	528	28	$	$	SYM
cblr-2952	528	29	1.5	1.5	NUM
cblr-2952	528	30	million	million	NUM
cblr-2952	528	31	or	or	CCONJ
cblr-2952	528	32	$	$	SYM
cblr-2952	528	33	750,000	750,000	NUM
cblr-2952	528	34	or	or	CCONJ
cblr-2952	528	35	more	more	ADJ
cblr-2952	528	36	in	in	ADP
cblr-2952	528	37	assets	asset	NOUN
cblr-2952	528	38	under	under	ADP
cblr-2952	528	39	management	management	NOUN
cblr-2952	528	40	with	with	ADP
cblr-2952	528	41	the	the	DET
cblr-2952	528	42	adviser	adviser	NOUN
cblr-2952	528	43	.	.	PUNCT
cblr-2952	529	1	15	15	NUM
cblr-2952	529	2	u.s.c	u.s.c	NOUN
cblr-2952	529	3	.	.	PUNCT
cblr-2952	530	1	§	§	PROPN
cblr-2952	530	2	80b-5(a)(1	80b-5(a)(1	NOUN
cblr-2952	530	3	)	)	PUNCT
cblr-2952	530	4	(	(	PUNCT
cblr-2952	530	5	2007	2007	NUM
cblr-2952	530	6	)	)	PUNCT
cblr-2952	530	7	.	.	PUNCT
cblr-2952	531	1	advisers	adviser	NOUN
cblr-2952	531	2	to	to	PART
cblr-2952	531	3	hedge	hedge	VERB
cblr-2952	531	4	funds	fund	NOUN
cblr-2952	531	5	and	and	CCONJ
cblr-2952	531	6	private	private	ADJ
cblr-2952	531	7	equity	equity	NOUN
cblr-2952	531	8	funds	fund	NOUN
cblr-2952	531	9	which	which	PRON
cblr-2952	531	10	are	be	AUX
cblr-2952	531	11	exempt	exempt	ADJ
cblr-2952	531	12	from	from	ADP
cblr-2952	531	13	registration	registration	NOUN
cblr-2952	531	14	under	under	ADP
cblr-2952	531	15	§	§	PROPN
cblr-2952	531	16	§	§	PROPN
cblr-2952	531	17	3(c)(1	3(c)(1	NUM
cblr-2952	531	18	)	)	PUNCT
cblr-2952	531	19	or	or	CCONJ
cblr-2952	531	20	3(c)(7	3(c)(7	NUM
cblr-2952	531	21	)	)	PUNCT
cblr-2952	531	22	of	of	ADP
cblr-2952	531	23	the	the	DET
cblr-2952	531	24	investment	investment	NOUN
cblr-2952	531	25	company	company	NOUN
cblr-2952	531	26	act	act	NOUN
cblr-2952	531	27	are	be	AUX
cblr-2952	531	28	similarly	similarly	ADV
cblr-2952	531	29	exempted	exempt	VERB
cblr-2952	531	30	under	under	ADP
cblr-2952	531	31	rule	rule	NOUN
cblr-2952	531	32	205	205	NUM
cblr-2952	531	33	-	-	SYM
cblr-2952	531	34	3	3	NUM
cblr-2952	531	35	of	of	ADP
cblr-2952	531	36	the	the	DET
cblr-2952	531	37	advisers	adviser	NOUN
cblr-2952	531	38	act	act	VERB
cblr-2952	531	39	from	from	ADP
cblr-2952	531	40	the	the	DET
cblr-2952	531	41	limitations	limitation	NOUN
cblr-2952	531	42	on	on	ADP
cblr-2952	531	43	performance	performance	NOUN
cblr-2952	531	44	fees	fee	NOUN
cblr-2952	531	45	.	.	PUNCT
cblr-2952	532	1	see	see	VERB
cblr-2952	532	2	17	17	NUM
cblr-2952	532	3	c.f.r	c.f.r	NOUN
cblr-2952	532	4	.	.	PUNCT
cblr-2952	533	1	§	§	PROPN
cblr-2952	533	2	275.205	275.205	NUM
cblr-2952	533	3	-	-	SYM
cblr-2952	533	4	3	3	NUM
cblr-2952	533	5	(	(	PUNCT
cblr-2952	533	6	2007	2007	NUM
cblr-2952	533	7	)	)	PUNCT
cblr-2952	533	8	;	;	PUNCT
cblr-2952	533	9	see	see	VERB
cblr-2952	533	10	also	also	ADV
cblr-2952	533	11	john	john	PROPN
cblr-2952	533	12	c.	c.	PROPN
cblr-2952	533	13	coates	coates	PROPN
cblr-2952	533	14	,	,	PUNCT
cblr-2952	533	15	iv	iv	PROPN
cblr-2952	533	16	&	&	CCONJ
cblr-2952	533	17	glenn	glenn	PROPN
cblr-2952	533	18	r.	r.	PROPN
cblr-2952	533	19	hubbard	hubbard	PROPN
cblr-2952	533	20	,	,	PUNCT
cblr-2952	533	21	competition	competition	NOUN
cblr-2952	533	22	in	in	ADP
cblr-2952	533	23	the	the	DET
cblr-2952	533	24	mutual	mutual	ADJ
cblr-2952	533	25	fund	fund	NOUN
cblr-2952	533	26	industry	industry	NOUN
cblr-2952	533	27	:	:	PUNCT
cblr-2952	533	28	evidence	evidence	NOUN
cblr-2952	533	29	and	and	CCONJ
cblr-2952	533	30	implications	implication	NOUN
cblr-2952	533	31	for	for	ADP
cblr-2952	533	32	policy	policy	NOUN
cblr-2952	533	33	(	(	PUNCT
cblr-2952	533	34	aug	aug	PROPN
cblr-2952	533	35	.	.	PROPN
cblr-2952	533	36	2007	2007	NUM
cblr-2952	533	37	)	)	PUNCT
cblr-2952	533	38	,	,	PUNCT
cblr-2952	533	39	available	available	ADJ
cblr-2952	533	40	at	at	ADP
cblr-2952	533	41	http://ssrn.com/abstract=1005426	http://ssrn.com/abstract=1005426	NOUN
cblr-2952	533	42	(	(	PUNCT
cblr-2952	533	43	discussing	discuss	VERB
cblr-2952	533	44	the	the	DET
cblr-2952	533	45	advisers	adviser	NOUN
cblr-2952	533	46	act	act	VERB
cblr-2952	533	47	general	general	ADJ
cblr-2952	533	48	restrictions	restriction	NOUN
cblr-2952	533	49	on	on	ADP
cblr-2952	533	50	"	"	PUNCT
cblr-2952	533	51	excessive	excessive	ADJ
cblr-2952	533	52	"	"	PUNCT
cblr-2952	533	53	investment	investment	NOUN
cblr-2952	533	54	adviser	adviser	NOUN
cblr-2952	533	55	fees	fee	NOUN
cblr-2952	533	56	)	)	PUNCT
cblr-2952	533	57	.	.	PUNCT
cblr-2952	534	1	122	122	NUM
cblr-2952	534	2	see	see	VERB
cblr-2952	534	3	15	15	NUM
cblr-2952	534	4	u.s.c	u.s.c	ADJ
cblr-2952	534	5	.	.	PUNCT
cblr-2952	535	1	§	§	PROPN
cblr-2952	535	2	80b-6(2	80b-6(2	NUM
cblr-2952	535	3	)	)	PUNCT
cblr-2952	535	4	;	;	PUNCT
cblr-2952	535	5	finra	finra	NOUN
cblr-2952	535	6	rule	rule	NOUN
cblr-2952	535	7	2110	2110	NUM
cblr-2952	535	8	,	,	PUNCT
cblr-2952	535	9	im-2110	im-2110	NOUN
cblr-2952	535	10	-	-	PUNCT
cblr-2952	535	11	1	1	NUM
cblr-2952	535	12	,	,	PUNCT
cblr-2952	535	13	finra	finra	NOUN
cblr-2952	535	14	manual	manual	NOUN
cblr-2952	535	15	(	(	PUNCT
cblr-2952	535	16	cch	cch	PROPN
cblr-2952	535	17	)	)	PUNCT
cblr-2952	535	18	,	,	PUNCT
cblr-2952	535	19	at	at	ADP
cblr-2952	535	20	4111.51	4111.51	PROPN
cblr-2952	535	21	article	article	PROPN
cblr-2952	535	22	iii	iii	PROPN
cblr-2952	535	23	,	,	PUNCT
cblr-2952	535	24	§	§	PROPN
cblr-2952	535	25	1	1	NUM
cblr-2952	535	26	.	.	PUNCT
cblr-2952	536	1	in	in	ADP
cblr-2952	536	2	addition	addition	NOUN
cblr-2952	536	3	,	,	PUNCT
cblr-2952	536	4	the	the	DET
cblr-2952	536	5	fund	fund	NOUN
cblr-2952	536	6	adviser	adviser	NOUN
cblr-2952	536	7	must	must	AUX
cblr-2952	536	8	have	have	VERB
cblr-2952	536	9	a	a	DET
cblr-2952	536	10	reasonable	reasonable	ADJ
cblr-2952	536	11	belief	belief	NOUN
cblr-2952	536	12	that	that	SCONJ
cblr-2952	536	13	it	it	PRON
cblr-2952	536	14	can	can	AUX
cblr-2952	536	15	provide	provide	VERB
cblr-2952	536	16	gains	gain	NOUN
cblr-2952	536	17	in	in	ADP
cblr-2952	536	18	excess	excess	NOUN
cblr-2952	536	19	of	of	ADP
cblr-2952	536	20	any	any	DET
cblr-2952	536	21	administrative	administrative	ADJ
cblr-2952	536	22	fee	fee	NOUN
cblr-2952	536	23	charged	charge	VERB
cblr-2952	536	24	.	.	PUNCT
cblr-2952	537	1	see	see	VERB
cblr-2952	537	2	h	h	PROPN
cblr-2952	537	3	&	&	CCONJ
cblr-2952	537	4	h	h	PROPN
cblr-2952	537	5	investments	investment	NOUN
cblr-2952	537	6	,	,	PUNCT
cblr-2952	537	7	sec	sec	PROPN
cblr-2952	537	8	no	no	DET
cblr-2952	537	9	action	action	NOUN
cblr-2952	537	10	letter	letter	NOUN
cblr-2952	537	11	,	,	PUNCT
cblr-2952	537	12	1981	1981	NUM
cblr-2952	537	13	wl	wl	NOUN
cblr-2952	537	14	25244	25244	NUM
cblr-2952	537	15	,	,	PUNCT
cblr-2952	537	16	*	*	PROPN
cblr-2952	537	17	1	1	NUM
cblr-2952	537	18	(	(	PUNCT
cblr-2952	537	19	sept	sept	PROPN
cblr-2952	537	20	.	.	PROPN
cblr-2952	537	21	17	17	NUM
cblr-2952	537	22	,	,	PUNCT
cblr-2952	537	23	1981	1981	NUM
cblr-2952	537	24	)	)	PUNCT
cblr-2952	537	25	(	(	PUNCT
cblr-2952	537	26	finding	find	VERB
cblr-2952	537	27	that	that	SCONJ
cblr-2952	537	28	a	a	DET
cblr-2952	537	29	six	six	NUM
cblr-2952	537	30	percent	percent	NOUN
cblr-2952	537	31	adviser	adviser	NOUN
cblr-2952	537	32	fee	fee	NOUN
cblr-2952	537	33	per	per	ADP
cblr-2952	537	34	month	month	NOUN
cblr-2952	537	35	violates	violate	VERB
cblr-2952	537	36	section	section	NOUN
cblr-2952	537	37	206	206	NUM
cblr-2952	537	38	of	of	ADP
cblr-2952	537	39	the	the	DET
cblr-2952	537	40	advisers	adviser	NOUN
cblr-2952	537	41	act	act	VERB
cblr-2952	537	42	unless	unless	SCONJ
cblr-2952	537	43	the	the	DET
cblr-2952	537	44	adviser	adviser	NOUN
cblr-2952	537	45	has	have	VERB
cblr-2952	537	46	a	a	DET
cblr-2952	537	47	reasonable	reasonable	ADJ
cblr-2952	537	48	belief	belief	NOUN
cblr-2952	537	49	that	that	SCONJ
cblr-2952	537	50	it	it	PRON
cblr-2952	537	51	can	can	AUX
cblr-2952	537	52	produce	produce	VERB
cblr-2952	537	53	gains	gain	NOUN
cblr-2952	537	54	in	in	ADP
cblr-2952	537	55	excess	excess	NOUN
cblr-2952	537	56	of	of	ADP
cblr-2952	537	57	such	such	ADJ
cblr-2952	537	58	charge	charge	NOUN
cblr-2952	537	59	)	)	PUNCT
cblr-2952	537	60	.	.	PUNCT
cblr-2952	537	61	"	"	PUNCT
cblr-2952	538	1	the	the	DET
cblr-2952	538	2	advisers	adviser	NOUN
cblr-2952	538	3	act	act	VERB
cblr-2952	538	4	does	do	AUX
cblr-2952	538	5	permit	permit	VERB
cblr-2952	538	6	investment	investment	NOUN
cblr-2952	538	7	advisers	adviser	NOUN
cblr-2952	538	8	to	to	PART
cblr-2952	538	9	charge	charge	VERB
cblr-2952	538	10	"	"	PUNCT
cblr-2952	538	11	fulcrum	fulcrum	NOUN
cblr-2952	538	12	fees	fee	NOUN
cblr-2952	538	13	.	.	PUNCT
cblr-2952	538	14	"	"	PUNCT
cblr-2952	539	1	a	a	DET
cblr-2952	539	2	fulcrum	fulcrum	NOUN
cblr-2952	539	3	fee	fee	NOUN
cblr-2952	539	4	provides	provide	VERB
cblr-2952	539	5	that	that	SCONJ
cblr-2952	539	6	an	an	DET
cblr-2952	539	7	investment	investment	NOUN
cblr-2952	539	8	adviser	adviser	NOUN
cblr-2952	539	9	can	can	AUX
cblr-2952	539	10	be	be	AUX
cblr-2952	539	11	compensated	compensate	VERB
cblr-2952	539	12	a	a	DET
cblr-2952	539	13	fee	fee	NOUN
cblr-2952	539	14	that	that	PRON
cblr-2952	539	15	is	be	AUX
cblr-2952	539	16	paid	pay	VERB
cblr-2952	539	17	or	or	CCONJ
cblr-2952	539	18	earned	earn	VERB
cblr-2952	539	19	when	when	SCONJ
cblr-2952	539	20	the	the	DET
cblr-2952	539	21	investment	investment	NOUN
cblr-2952	539	22	company	company	NOUN
cblr-2952	539	23	's	's	PART
cblr-2952	539	24	performance	performance	NOUN
cblr-2952	539	25	is	be	AUX
cblr-2952	539	26	equivalent	equivalent	ADJ
cblr-2952	539	27	to	to	ADP
cblr-2952	539	28	that	that	PRON
cblr-2952	539	29	of	of	ADP
cblr-2952	539	30	the	the	DET
cblr-2952	539	31	index	index	NOUN
cblr-2952	539	32	or	or	CCONJ
cblr-2952	539	33	other	other	ADJ
cblr-2952	539	34	measure	measure	NOUN
cblr-2952	539	35	of	of	ADP
cblr-2952	539	36	performance	performance	NOUN
cblr-2952	539	37	.	.	PUNCT
cblr-2952	540	1	see	see	VERB
cblr-2952	540	2	15	15	NUM
cblr-2952	540	3	u.s.c	u.s.c	ADJ
cblr-2952	540	4	.	.	PUNCT
cblr-2952	541	1	§	§	PROPN
cblr-2952	541	2	80b-5(b	80b-5(b	NUM
cblr-2952	541	3	)	)	PUNCT
cblr-2952	541	4	(	(	PUNCT
cblr-2952	541	5	2007	2007	NUM
cblr-2952	541	6	)	)	PUNCT
cblr-2952	541	7	;	;	PUNCT
cblr-2952	541	8	17	17	NUM
cblr-2952	541	9	c.f.r	c.f.r	NOUN
cblr-2952	541	10	.	.	PUNCT
cblr-2952	542	1	§	§	PROPN
cblr-2952	542	2	275.205	275.205	NUM
cblr-2952	542	3	-	-	SYM
cblr-2952	542	4	2	2	NUM
cblr-2952	542	5	(	(	PUNCT
cblr-2952	542	6	2007	2007	NUM
cblr-2952	542	7	)	)	PUNCT
cblr-2952	542	8	.	.	PUNCT
cblr-2952	543	1	col	col	PROPN
cblr-2952	543	2	umbia	umbia	PROPN
cblr-2952	543	3	b	b	PROPN
cblr-2952	543	4	usiness	usiness	PROPN
cblr-2952	543	5	1la	1la	NOUN
cblr-2952	543	6	,	,	PUNCT
cblr-2952	543	7	w	w	PROPN
cblr-2952	543	8	re	re	X
cblr-2952	543	9	vie	vie	PROPN
cblr-2952	543	10	w	w	PROPN
cblr-2952	544	1	[	[	X
cblr-2952	544	2	vol	vol	NOUN
cblr-2952	544	3	.	.	NOUN
cblr-2952	544	4	2008	2008	NUM
cblr-2952	544	5	black	black	ADJ
cblr-2952	544	6	market	market	NOUN
cblr-2952	544	7	capital	capital	NOUN
cblr-2952	544	8	$	$	SYM
cblr-2952	544	9	750	750	NUM
cblr-2952	544	10	thousand	thousand	NUM
cblr-2952	544	11	or	or	CCONJ
cblr-2952	544	12	more	more	ADJ
cblr-2952	544	13	in	in	ADP
cblr-2952	544	14	assets	asset	NOUN
cblr-2952	544	15	under	under	ADP
cblr-2952	544	16	management	management	NOUN
cblr-2952	544	17	with	with	ADP
cblr-2952	544	18	the	the	DET
cblr-2952	544	19	adviser	adviser	NOUN
cblr-2952	544	20	.	.	PUNCT
cblr-2952	545	1	1	1	NUM
cblr-2952	545	2	2	2	NUM
cblr-2952	545	3	1	1	NUM
cblr-2952	545	4	advisers	adviser	NOUN
cblr-2952	545	5	to	to	PART
cblr-2952	545	6	hedge	hedge	VERB
cblr-2952	545	7	funds	fund	NOUN
cblr-2952	545	8	and	and	CCONJ
cblr-2952	545	9	private	private	ADJ
cblr-2952	545	10	equity	equity	NOUN
cblr-2952	545	11	funds	fund	NOUN
cblr-2952	545	12	fall	fall	VERB
cblr-2952	545	13	squarely	squarely	ADV
cblr-2952	545	14	within	within	ADP
cblr-2952	545	15	the	the	DET
cblr-2952	545	16	definition	definition	NOUN
cblr-2952	545	17	of	of	ADP
cblr-2952	545	18	investment	investment	NOUN
cblr-2952	545	19	adviser	adviser	NOUN
cblr-2952	545	20	under	under	ADP
cblr-2952	545	21	the	the	DET
cblr-2952	545	22	advisers	adviser	NOUN
cblr-2952	545	23	act	act	PROPN
cblr-2952	545	24	.	.	PUNCT
cblr-2952	546	1	125	125	NUM
cblr-2952	546	2	however	however	ADV
cblr-2952	546	3	,	,	PUNCT
cblr-2952	546	4	there	there	PRON
cblr-2952	546	5	is	be	VERB
cblr-2952	546	6	an	an	DET
cblr-2952	546	7	exemption	exemption	NOUN
cblr-2952	546	8	under	under	ADP
cblr-2952	546	9	section	section	NOUN
cblr-2952	546	10	203(b)(3	203(b)(3	NUM
cblr-2952	546	11	)	)	PUNCT
cblr-2952	546	12	of	of	ADP
cblr-2952	546	13	the	the	DET
cblr-2952	546	14	act	act	NOUN
cblr-2952	546	15	to	to	PART
cblr-2952	546	16	permit	permit	VERB
cblr-2952	546	17	them	they	PRON
cblr-2952	546	18	to	to	PART
cblr-2952	546	19	avoid	avoid	VERB
cblr-2952	546	20	registration	registration	NOUN
cblr-2952	546	21	.	.	PUNCT
cblr-2952	547	1	'26	'26	NUM
cblr-2952	547	2	this	this	PRON
cblr-2952	547	3	exempts	exempt	VERB
cblr-2952	547	4	an	an	DET
cblr-2952	547	5	adviser	adviser	NOUN
cblr-2952	547	6	from	from	ADP
cblr-2952	547	7	registration	registration	NOUN
cblr-2952	547	8	"	"	PUNCT
cblr-2952	547	9	who	who	PRON
cblr-2952	547	10	during	during	ADP
cblr-2952	547	11	the	the	DET
cblr-2952	547	12	course	course	NOUN
cblr-2952	547	13	of	of	ADP
cblr-2952	547	14	the	the	DET
cblr-2952	547	15	preceding	precede	VERB
cblr-2952	547	16	twelve	twelve	NUM
cblr-2952	547	17	months	month	NOUN
cblr-2952	547	18	has	have	AUX
cblr-2952	547	19	had	have	VERB
cblr-2952	547	20	fewer	few	ADJ
cblr-2952	547	21	than	than	ADP
cblr-2952	547	22	fifteen	fifteen	NUM
cblr-2952	547	23	clients	client	NOUN
cblr-2952	547	24	and	and	CCONJ
cblr-2952	547	25	who	who	PRON
cblr-2952	547	26	neither	neither	CCONJ
cblr-2952	547	27	holds	hold	VERB
cblr-2952	547	28	himself	himself	PRON
cblr-2952	547	29	out	out	ADP
cblr-2952	547	30	generally	generally	ADV
cblr-2952	547	31	to	to	ADP
cblr-2952	547	32	the	the	DET
cblr-2952	547	33	public	public	NOUN
cblr-2952	547	34	as	as	ADP
cblr-2952	547	35	an	an	DET
cblr-2952	547	36	investment	investment	NOUN
cblr-2952	547	37	adviser	adviser	NOUN
cblr-2952	547	38	nor	nor	CCONJ
cblr-2952	547	39	acts	act	NOUN
cblr-2952	547	40	as	as	ADP
cblr-2952	547	41	an	an	DET
cblr-2952	547	42	investment	investment	NOUN
cblr-2952	547	43	adviser	adviser	NOUN
cblr-2952	547	44	to	to	ADP
cblr-2952	547	45	any	any	DET
cblr-2952	547	46	investment	investment	NOUN
cblr-2952	547	47	company	company	NOUN
cblr-2952	547	48	.	.	PUNCT
cblr-2952	548	1	"127	"127	NOUN
cblr-2952	548	2	sec	sec	PROPN
cblr-2952	548	3	rules	rule	NOUN
cblr-2952	548	4	permit	permit	VERB
cblr-2952	548	5	an	an	DET
cblr-2952	548	6	adviser	adviser	NOUN
cblr-2952	548	7	to	to	PART
cblr-2952	548	8	count	count	VERB
cblr-2952	548	9	each	each	DET
cblr-2952	548	10	fund	fund	NOUN
cblr-2952	548	11	,	,	PUNCT
cblr-2952	548	12	rather	rather	ADV
cblr-2952	548	13	than	than	ADP
cblr-2952	548	14	investor	investor	NOUN
cblr-2952	548	15	of	of	ADP
cblr-2952	548	16	a	a	DET
cblr-2952	548	17	fund	fund	NOUN
cblr-2952	548	18	,	,	PUNCT
cblr-2952	548	19	as	as	ADP
cblr-2952	548	20	a	a	DET
cblr-2952	548	21	client.2	client.2	NOUN
cblr-2952	548	22	8	8	NUM
cblr-2952	548	23	consequently	consequently	ADV
cblr-2952	548	24	,	,	PUNCT
cblr-2952	548	25	many	many	ADJ
cblr-2952	548	26	u.s.-based	u.s.-based	ADJ
cblr-2952	548	27	private	private	ADJ
cblr-2952	548	28	equity	equity	NOUN
cblr-2952	548	29	and	and	CCONJ
cblr-2952	548	30	hedge	hedge	NOUN
cblr-2952	548	31	funds	fund	NOUN
cblr-2952	548	32	could	could	AUX
cblr-2952	548	33	avoid	avoid	VERB
cblr-2952	548	34	registration	registration	NOUN
cblr-2952	548	35	as	as	ADP
cblr-2952	548	36	advisers	adviser	NOUN
cblr-2952	548	37	by	by	ADP
cblr-2952	548	38	advising	advise	VERB
cblr-2952	548	39	no	no	DET
cblr-2952	548	40	more	more	ADJ
cblr-2952	548	41	than	than	ADP
cblr-2952	548	42	fifteen	fifteen	NUM
cblr-2952	548	43	funds	fund	NOUN
cblr-2952	548	44	.	.	PUNCT
cblr-2952	549	1	'29	'29	NUM
cblr-2952	549	2	however	however	ADV
cblr-2952	549	3	,	,	PUNCT
cblr-2952	549	4	the	the	DET
cblr-2952	549	5	sec	sec	PROPN
cblr-2952	549	6	124	124	NUM
cblr-2952	549	7	see	see	NOUN
cblr-2952	549	8	supra	supra	PROPN
cblr-2952	549	9	note	note	PROPN
cblr-2952	549	10	121	121	NUM
cblr-2952	549	11	.	.	PUNCT
cblr-2952	550	1	an	an	DET
cblr-2952	550	2	adviser	adviser	NOUN
cblr-2952	550	3	to	to	ADP
cblr-2952	550	4	a	a	DET
cblr-2952	550	5	bdc	bdc	NOUN
cblr-2952	550	6	can	can	AUX
cblr-2952	550	7	charge	charge	VERB
cblr-2952	550	8	a	a	DET
cblr-2952	550	9	limited	limited	ADJ
cblr-2952	550	10	fee	fee	NOUN
cblr-2952	550	11	based	base	VERB
cblr-2952	550	12	on	on	ADP
cblr-2952	550	13	absolute	absolute	ADJ
cblr-2952	550	14	investment	investment	NOUN
cblr-2952	550	15	performance	performance	NOUN
cblr-2952	550	16	.	.	PUNCT
cblr-2952	551	1	a	a	DET
cblr-2952	551	2	bdc	bdc	NOUN
cblr-2952	551	3	can	can	AUX
cblr-2952	551	4	also	also	ADV
cblr-2952	551	5	issue	issue	VERB
cblr-2952	551	6	stock	stock	NOUN
cblr-2952	551	7	options	option	NOUN
cblr-2952	551	8	,	,	PUNCT
cblr-2952	551	9	another	another	DET
cblr-2952	551	10	form	form	NOUN
cblr-2952	551	11	of	of	ADP
cblr-2952	551	12	incentive	incentive	NOUN
cblr-2952	551	13	-	-	PUNCT
cblr-2952	551	14	based	base	VERB
cblr-2952	551	15	compensation	compensation	NOUN
cblr-2952	551	16	,	,	PUNCT
cblr-2952	551	17	to	to	ADP
cblr-2952	551	18	its	its	PRON
cblr-2952	551	19	adviser	adviser	NOUN
cblr-2952	551	20	.	.	PUNCT
cblr-2952	552	1	see	see	VERB
cblr-2952	552	2	15	15	NUM
cblr-2952	552	3	usca	usca	NOUN
cblr-2952	552	4	§	§	PROPN
cblr-2952	552	5	§	§	PROPN
cblr-2952	552	6	80b-5(a)(1	80b-5(a)(1	NOUN
cblr-2952	552	7	)	)	PUNCT
cblr-2952	552	8	,	,	PUNCT
cblr-2952	552	9	(	(	PUNCT
cblr-2952	552	10	b)(3	b)(3	NOUN
cblr-2952	552	11	)	)	PUNCT
cblr-2952	552	12	(	(	PUNCT
cblr-2952	552	13	1996	1996	NUM
cblr-2952	552	14	)	)	PUNCT
cblr-2952	552	15	.	.	PUNCT
cblr-2952	553	1	125	125	NUM
cblr-2952	553	2	see	see	VERB
cblr-2952	553	3	,	,	PUNCT
cblr-2952	553	4	e.g.	e.g.	ADV
cblr-2952	553	5	,	,	PUNCT
cblr-2952	553	6	abrahamson	abrahamson	PROPN
cblr-2952	553	7	v.	v.	PROPN
cblr-2952	553	8	fleschner	fleschner	NOUN
cblr-2952	553	9	,	,	PUNCT
cblr-2952	553	10	568	568	NUM
cblr-2952	553	11	f.2d	f.2d	NOUN
cblr-2952	553	12	862	862	NUM
cblr-2952	553	13	,	,	PUNCT
cblr-2952	553	14	869	869	NUM
cblr-2952	553	15	-	-	SYM
cblr-2952	553	16	71	71	NUM
cblr-2952	553	17	(	(	PUNCT
cblr-2952	553	18	2d	2d	NUM
cblr-2952	553	19	cir	cir	NOUN
cblr-2952	553	20	.	.	PUNCT
cblr-2952	553	21	1977	1977	NUM
cblr-2952	553	22	)	)	PUNCT
cblr-2952	553	23	(	(	PUNCT
cblr-2952	553	24	holding	hold	VERB
cblr-2952	553	25	that	that	DET
cblr-2952	553	26	hedge	hedge	NOUN
cblr-2952	553	27	fund	fund	PROPN
cblr-2952	553	28	general	general	ADJ
cblr-2952	553	29	partners	partner	NOUN
cblr-2952	553	30	are	be	AUX
cblr-2952	553	31	"	"	PUNCT
cblr-2952	553	32	investment	investment	NOUN
cblr-2952	553	33	advisers	adviser	NOUN
cblr-2952	553	34	"	"	PUNCT
cblr-2952	553	35	under	under	ADP
cblr-2952	553	36	the	the	DET
cblr-2952	553	37	advisers	adviser	NOUN
cblr-2952	553	38	act	act	PROPN
cblr-2952	553	39	)	)	PUNCT
cblr-2952	553	40	,	,	PUNCT
cblr-2952	553	41	overruled	overrule	VERB
cblr-2952	553	42	in	in	ADP
cblr-2952	553	43	part	part	NOUN
cblr-2952	553	44	on	on	ADP
cblr-2952	553	45	other	other	ADJ
cblr-2952	553	46	grounds	ground	NOUN
cblr-2952	553	47	by	by	ADP
cblr-2952	553	48	transamerica	transamerica	PROPN
cblr-2952	553	49	mortgage	mortgage	NOUN
cblr-2952	553	50	advisers	advisers	PROPN
cblr-2952	553	51	,	,	PUNCT
cblr-2952	553	52	inc	inc	PROPN
cblr-2952	553	53	.	.	PROPN
cblr-2952	554	1	v.	v.	PROPN
cblr-2952	554	2	lewis	lewis	PROPN
cblr-2952	554	3	,	,	PUNCT
cblr-2952	554	4	444	444	NUM
cblr-2952	554	5	u.s	u.s	PROPN
cblr-2952	554	6	.	.	PROPN
cblr-2952	554	7	11	11	NUM
cblr-2952	554	8	(	(	PUNCT
cblr-2952	554	9	1979	1979	NUM
cblr-2952	554	10	)	)	PUNCT
cblr-2952	554	11	.	.	PUNCT
cblr-2952	555	1	126	126	NUM
cblr-2952	555	2	even	even	ADV
cblr-2952	555	3	if	if	SCONJ
cblr-2952	555	4	they	they	PRON
cblr-2952	555	5	avail	avail	VERB
cblr-2952	555	6	themselves	themselves	PRON
cblr-2952	555	7	of	of	ADP
cblr-2952	555	8	this	this	DET
cblr-2952	555	9	exemption	exemption	NOUN
cblr-2952	555	10	,	,	PUNCT
cblr-2952	555	11	these	these	DET
cblr-2952	555	12	advisers	adviser	NOUN
cblr-2952	555	13	are	be	AUX
cblr-2952	555	14	still	still	ADV
cblr-2952	555	15	subject	subject	ADJ
cblr-2952	555	16	to	to	ADP
cblr-2952	555	17	the	the	DET
cblr-2952	555	18	strictures	stricture	NOUN
cblr-2952	555	19	of	of	ADP
cblr-2952	555	20	the	the	DET
cblr-2952	555	21	antifraud	antifraud	PROPN
cblr-2952	555	22	provisions	provision	NOUN
cblr-2952	555	23	of	of	ADP
cblr-2952	555	24	the	the	DET
cblr-2952	555	25	advisers	adviser	NOUN
cblr-2952	555	26	act	act	PROPN
cblr-2952	555	27	.	.	PUNCT
cblr-2952	556	1	see	see	VERB
cblr-2952	556	2	17	17	NUM
cblr-2952	556	3	c.f.r	c.f.r	NOUN
cblr-2952	556	4	.	.	PUNCT
cblr-2952	557	1	§	§	PROPN
cblr-2952	557	2	275.206(4)-i	275.206(4)-i	NUM
cblr-2952	557	3	(	(	PUNCT
cblr-2952	557	4	2006	2006	NUM
cblr-2952	557	5	)	)	PUNCT
cblr-2952	557	6	.	.	PUNCT
cblr-2952	558	1	127	127	NUM
cblr-2952	558	2	15	15	NUM
cblr-2952	558	3	u.s.c	u.s.c	NOUN
cblr-2952	558	4	.	.	PUNCT
cblr-2952	559	1	§	§	PROPN
cblr-2952	559	2	80b-3(b)(3)-2	80b-3(b)(3)-2	PROPN
cblr-2952	559	3	(	(	PUNCT
cblr-2952	559	4	2006	2006	NUM
cblr-2952	559	5	)	)	PUNCT
cblr-2952	559	6	.	.	PUNCT
cblr-2952	560	1	other	other	ADJ
cblr-2952	560	2	exemptions	exemption	NOUN
cblr-2952	560	3	from	from	ADP
cblr-2952	560	4	registration	registration	NOUN
cblr-2952	560	5	are	be	AUX
cblr-2952	560	6	available	available	ADJ
cblr-2952	560	7	to	to	ADP
cblr-2952	560	8	investment	investment	NOUN
cblr-2952	560	9	advisers	adviser	NOUN
cblr-2952	560	10	who	who	PRON
cblr-2952	560	11	do	do	VERB
cblr-2952	560	12	business	business	NOUN
cblr-2952	560	13	only	only	ADV
cblr-2952	560	14	with	with	ADP
cblr-2952	560	15	their	their	PRON
cblr-2952	560	16	state	state	NOUN
cblr-2952	560	17	and	and	CCONJ
cblr-2952	560	18	do	do	AUX
cblr-2952	560	19	not	not	PART
cblr-2952	560	20	advise	advise	VERB
cblr-2952	560	21	on	on	ADP
cblr-2952	560	22	exchange	exchange	NOUN
cblr-2952	560	23	-	-	PUNCT
cblr-2952	560	24	listed	list	VERB
cblr-2952	560	25	securities	security	NOUN
cblr-2952	560	26	,	,	PUNCT
cblr-2952	560	27	i	i	PROPN
cblr-2952	560	28	d.	d.	PROPN
cblr-2952	560	29	§	§	PROPN
cblr-2952	560	30	80b-3(b)(1	80b-3(b)(1	PROPN
cblr-2952	560	31	)	)	PUNCT
cblr-2952	560	32	;	;	PUNCT
cblr-2952	560	33	only	only	ADV
cblr-2952	560	34	advise	advise	VERB
cblr-2952	560	35	insurance	insurance	NOUN
cblr-2952	560	36	companies	company	NOUN
cblr-2952	560	37	,	,	PUNCT
cblr-2952	560	38	i	i	PROPN
cblr-2952	560	39	d.	d.	PROPN
cblr-2952	560	40	§	§	PROPN
cblr-2952	560	41	80b-3(b)(2	80b-3(b)(2	NUM
cblr-2952	560	42	)	)	PUNCT
cblr-2952	560	43	;	;	PUNCT
cblr-2952	560	44	are	be	AUX
cblr-2952	560	45	charitable	charitable	ADJ
cblr-2952	560	46	organizations	organization	NOUN
cblr-2952	560	47	,	,	PUNCT
cblr-2952	560	48	i	i	PROPN
cblr-2952	560	49	d.	d.	PROPN
cblr-2952	560	50	§	§	PROPN
cblr-2952	560	51	80b-3(b)(4	80b-3(b)(4	NOUN
cblr-2952	560	52	)	)	PUNCT
cblr-2952	560	53	;	;	PUNCT
cblr-2952	561	1	to	to	PART
cblr-2952	561	2	church	church	NOUN
cblr-2952	561	3	plans	plan	NOUN
cblr-2952	561	4	,	,	PUNCT
cblr-2952	561	5	i	i	PROPN
cblr-2952	561	6	d.	d.	PROPN
cblr-2952	561	7	§	§	PROPN
cblr-2952	561	8	80b-3(b)(5	80b-3(b)(5	NUM
cblr-2952	561	9	)	)	PUNCT
cblr-2952	561	10	;	;	PUNCT
cblr-2952	561	11	and	and	CCONJ
cblr-2952	561	12	commodity	commodity	NOUN
cblr-2952	561	13	trading	trading	NOUN
cblr-2952	561	14	advisers	adviser	NOUN
cblr-2952	561	15	registered	register	VERB
cblr-2952	561	16	with	with	ADP
cblr-2952	561	17	the	the	DET
cblr-2952	561	18	cftc	cftc	PROPN
cblr-2952	561	19	who	who	PRON
cblr-2952	561	20	do	do	AUX
cblr-2952	561	21	not	not	PART
cblr-2952	561	22	primarily	primarily	ADV
cblr-2952	561	23	act	act	VERB
cblr-2952	561	24	as	as	ADP
cblr-2952	561	25	investment	investment	NOUN
cblr-2952	561	26	advisers	adviser	NOUN
cblr-2952	561	27	,	,	PUNCT
cblr-2952	561	28	i	i	PROPN
cblr-2952	561	29	d.	d.	PROPN
cblr-2952	561	30	§	§	PROPN
cblr-2952	561	31	80b-3(b)(6	80b-3(b)(6	NUM
cblr-2952	561	32	)	)	PUNCT
cblr-2952	561	33	.	.	PUNCT
cblr-2952	562	1	128	128	NUM
cblr-2952	562	2	17	17	NUM
cblr-2952	562	3	c.f.r	c.f.r	NOUN
cblr-2952	562	4	.	.	PUNCT
cblr-2952	563	1	§	§	PROPN
cblr-2952	563	2	275.203(b)(3)-2	275.203(b)(3)-2	PROPN
cblr-2952	563	3	(	(	PUNCT
cblr-2952	563	4	2004	2004	NUM
cblr-2952	563	5	)	)	PUNCT
cblr-2952	563	6	.	.	PUNCT
cblr-2952	564	1	see	see	VERB
cblr-2952	564	2	also	also	ADV
cblr-2952	564	3	registration	registration	NOUN
cblr-2952	564	4	under	under	ADP
cblr-2952	564	5	the	the	DET
cblr-2952	564	6	advisers	adviser	NOUN
cblr-2952	564	7	act	act	VERB
cblr-2952	564	8	of	of	ADP
cblr-2952	564	9	certain	certain	ADJ
cblr-2952	564	10	hedge	hedge	NOUN
cblr-2952	564	11	fund	fund	NOUN
cblr-2952	564	12	advisers	adviser	NOUN
cblr-2952	564	13	,	,	PUNCT
cblr-2952	564	14	i	i	PRON
cblr-2952	564	15	m	m	VERB
cblr-2952	564	16	release	release	VERB
cblr-2952	564	17	no	no	PRON
cblr-2952	564	18	.	.	NOUN
cblr-2952	564	19	2333	2333	NUM
cblr-2952	564	20	,	,	PUNCT
cblr-2952	564	21	[	[	X
cblr-2952	564	22	20042005	20042005	NUM
cblr-2952	564	23	transfer	transfer	NOUN
cblr-2952	564	24	binder	binder	NOUN
cblr-2952	564	25	]	]	PUNCT
cblr-2952	564	26	fed	fed	PROPN
cblr-2952	564	27	.	.	PUNCT
cblr-2952	565	1	sec	sec	PROPN
cblr-2952	565	2	.	.	PROPN
cblr-2952	565	3	l.	l.	PROPN
cblr-2952	565	4	rep	rep	PROPN
cblr-2952	565	5	.	.	PROPN
cblr-2952	565	6	(	(	PUNCT
cblr-2952	565	7	cch	cch	PROPN
cblr-2952	565	8	)	)	PUNCT
cblr-2952	565	9	81,485	81,485	NUM
cblr-2952	565	10	(	(	PUNCT
cblr-2952	565	11	dec	dec	PROPN
cblr-2952	565	12	.	.	PROPN
cblr-2952	565	13	10	10	NUM
cblr-2952	565	14	,	,	PUNCT
cblr-2952	565	15	2004	2004	NUM
cblr-2952	565	16	)	)	PUNCT
cblr-2952	566	1	[	[	X
cblr-2952	566	2	hereinafter	hereinafter	NOUN
cblr-2952	566	3	adviser	adviser	NOUN
cblr-2952	566	4	registration	registration	NOUN
cblr-2952	566	5	adopting	adopt	VERB
cblr-2952	566	6	release	release	NOUN
cblr-2952	566	7	]	]	PUNCT
cblr-2952	566	8	.	.	PUNCT
cblr-2952	567	1	129	129	NUM
cblr-2952	567	2	many	many	ADJ
cblr-2952	567	3	of	of	ADP
cblr-2952	567	4	these	these	DET
cblr-2952	567	5	advisers	adviser	NOUN
cblr-2952	567	6	also	also	ADV
cblr-2952	567	7	advise	advise	VERB
cblr-2952	567	8	funds	fund	NOUN
cblr-2952	567	9	which	which	PRON
cblr-2952	567	10	trade	trade	VERB
cblr-2952	567	11	in	in	ADP
cblr-2952	567	12	commodity	commodity	NOUN
cblr-2952	567	13	futures	future	NOUN
cblr-2952	567	14	and	and	CCONJ
cblr-2952	567	15	are	be	AUX
cblr-2952	567	16	consequently	consequently	ADV
cblr-2952	567	17	deemed	deem	VERB
cblr-2952	567	18	to	to	PART
cblr-2952	567	19	be	be	AUX
cblr-2952	567	20	"	"	PUNCT
cblr-2952	567	21	commodity	commodity	NOUN
cblr-2952	567	22	pools	pool	NOUN
cblr-2952	567	23	"	"	PUNCT
cblr-2952	567	24	by	by	ADP
cblr-2952	567	25	the	the	DET
cblr-2952	567	26	cftc	cftc	PROPN
cblr-2952	567	27	;	;	PUNCT
cblr-2952	567	28	this	this	PRON
cblr-2952	567	29	places	place	VERB
cblr-2952	567	30	them	they	PRON
cblr-2952	567	31	in	in	ADP
cblr-2952	567	32	the	the	DET
cblr-2952	567	33	statutory	statutory	ADJ
cblr-2952	567	34	definitions	definition	NOUN
cblr-2952	567	35	of	of	ADP
cblr-2952	567	36	"	"	PUNCT
cblr-2952	567	37	commodity	commodity	NOUN
cblr-2952	567	38	pool	pool	NOUN
cblr-2952	567	39	operators	operator	NOUN
cblr-2952	567	40	"	"	PUNCT
cblr-2952	567	41	(	(	PUNCT
cblr-2952	567	42	"	"	PUNCT
cblr-2952	567	43	cpos	cpos	PROPN
cblr-2952	567	44	"	"	PUNCT
cblr-2952	567	45	)	)	PUNCT
cblr-2952	567	46	and	and	CCONJ
cblr-2952	567	47	"	"	PUNCT
cblr-2952	567	48	commodity	commodity	NOUN
cblr-2952	567	49	trading	trading	NOUN
cblr-2952	567	50	advisers	adviser	NOUN
cblr-2952	567	51	"	"	PUNCT
cblr-2952	567	52	(	(	PUNCT
cblr-2952	567	53	"	"	PUNCT
cblr-2952	567	54	ctos	ctos	NOUN
cblr-2952	567	55	"	"	PUNCT
cblr-2952	567	56	)	)	PUNCT
cblr-2952	567	57	,	,	PUNCT
cblr-2952	567	58	respectively	respectively	ADV
cblr-2952	567	59	,	,	PUNCT
cblr-2952	567	60	under	under	ADP
cblr-2952	567	61	the	the	DET
cblr-2952	567	62	commodity	commodity	NOUN
cblr-2952	567	63	exchange	exchange	PROPN
cblr-2952	567	64	act	act	PROPN
cblr-2952	567	65	.	.	PUNCT
cblr-2952	568	1	see	see	VERB
cblr-2952	568	2	7	7	NUM
cblr-2952	568	3	u.s.c	u.s.c	ADJ
cblr-2952	568	4	.	.	PUNCT
cblr-2952	569	1	§	§	PROPN
cblr-2952	569	2	la(5	la(5	PROPN
cblr-2952	569	3	)	)	PUNCT
cblr-2952	569	4	(	(	PUNCT
cblr-2952	569	5	2000	2000	NUM
cblr-2952	569	6	)	)	PUNCT
cblr-2952	570	1	no	no	INTJ
cblr-2952	570	2	.	.	NOUN
cblr-2952	571	1	1	1	NUM
cblr-2952	571	2	:	:	SYM
cblr-2952	571	3	172	172	NUM
cblr-2952	571	4	]	]	PUNCT
cblr-2952	571	5	columbia	columbia	PROPN
cblr-2952	571	6	business	business	PROPN
cblr-2952	571	7	law	law	PROPN
cblr-2952	571	8	review	review	NOUN
cblr-2952	571	9	cited	cite	VERB
cblr-2952	571	10	figures	figure	NOUN
cblr-2952	571	11	in	in	ADP
cblr-2952	571	12	2004	2004	NUM
cblr-2952	571	13	indicating	indicate	VERB
cblr-2952	571	14	that	that	SCONJ
cblr-2952	571	15	up	up	ADP
cblr-2952	571	16	to	to	PART
cblr-2952	571	17	fifty	fifty	NUM
cblr-2952	571	18	percent	percent	NOUN
cblr-2952	571	19	of	of	ADP
cblr-2952	571	20	hedge	hedge	NOUN
cblr-2952	571	21	funds	fund	NOUN
cblr-2952	571	22	still	still	ADV
cblr-2952	571	23	voluntarily	voluntarily	ADV
cblr-2952	571	24	register	register	VERB
cblr-2952	571	25	under	under	ADP
cblr-2952	571	26	the	the	DET
cblr-2952	571	27	advisers	adviser	NOUN
cblr-2952	571	28	act	act	NOUN
cblr-2952	571	29	;	;	PUNCT
cblr-2952	571	30	there	there	PRON
cblr-2952	571	31	are	be	VERB
cblr-2952	571	32	no	no	DET
cblr-2952	571	33	compiled	compiled	ADJ
cblr-2952	571	34	public	public	ADJ
cblr-2952	571	35	figures	figure	NOUN
cblr-2952	571	36	for	for	ADP
cblr-2952	571	37	private	private	ADJ
cblr-2952	571	38	equity	equity	NOUN
cblr-2952	571	39	funds	fund	NOUN
cblr-2952	571	40	.	.	PUNCT
cblr-2952	572	1	"	"	PUNCT
cblr-2952	572	2	'	'	PUNCT
cblr-2952	572	3	advisers	adviser	NOUN
cblr-2952	572	4	to	to	PART
cblr-2952	572	5	hedge	hedge	VERB
cblr-2952	572	6	funds	fund	NOUN
cblr-2952	572	7	and	and	CCONJ
cblr-2952	572	8	private	private	ADJ
cblr-2952	572	9	equity	equity	NOUN
cblr-2952	572	10	funds	fund	NOUN
cblr-2952	572	11	presumably	presumably	ADV
cblr-2952	572	12	so	so	ADV
cblr-2952	572	13	register	register	VERB
cblr-2952	572	14	in	in	ADP
cblr-2952	572	15	order	order	NOUN
cblr-2952	572	16	to	to	PART
cblr-2952	572	17	signal	signal	VERB
cblr-2952	572	18	higher	high	ADJ
cblr-2952	572	19	quality	quality	NOUN
cblr-2952	572	20	that	that	PRON
cblr-2952	572	21	comes	come	VERB
cblr-2952	572	22	with	with	ADP
cblr-2952	572	23	sec	sec	PROPN
cblr-2952	572	24	supervision	supervision	NOUN
cblr-2952	572	25	,	,	PUNCT
cblr-2952	572	26	to	to	PART
cblr-2952	572	27	reduce	reduce	VERB
cblr-2952	572	28	the	the	DET
cblr-2952	572	29	due	due	ADJ
cblr-2952	572	30	diligence	diligence	NOUN
cblr-2952	572	31	transaction	transaction	NOUN
cblr-2952	572	32	costs	cost	NOUN
cblr-2952	572	33	of	of	ADP
cblr-2952	572	34	their	their	PRON
cblr-2952	572	35	investors	investor	NOUN
cblr-2952	572	36	,	,	PUNCT
cblr-2952	572	37	and	and	CCONJ
cblr-2952	572	38	to	to	PART
cblr-2952	572	39	attract	attract	VERB
cblr-2952	572	40	investment	investment	NOUN
cblr-2952	572	41	by	by	ADP
cblr-2952	572	42	pension	pension	NOUN
cblr-2952	572	43	and	and	CCONJ
cblr-2952	572	44	other	other	ADJ
cblr-2952	572	45	investment	investment	NOUN
cblr-2952	572	46	funds	fund	NOUN
cblr-2952	572	47	.	.	PUNCT
cblr-2952	572	48	'	'	PUNCT
cblr-2952	573	1	(	(	PUNCT
cblr-2952	573	2	defining	define	VERB
cblr-2952	573	3	cpo	cpo	NOUN
cblr-2952	573	4	)	)	PUNCT
cblr-2952	573	5	;	;	PUNCT
cblr-2952	573	6	see	see	VERB
cblr-2952	573	7	also	also	ADV
cblr-2952	573	8	i	i	PROPN
cblr-2952	573	9	d.	d.	PROPN
cblr-2952	573	10	§	§	PROPN
cblr-2952	573	11	la(6)(a	la(6)(a	PROPN
cblr-2952	573	12	)	)	PUNCT
cblr-2952	573	13	(	(	PUNCT
cblr-2952	573	14	defining	define	VERB
cblr-2952	573	15	cta	cta	NOUN
cblr-2952	573	16	)	)	PUNCT
cblr-2952	573	17	.	.	PUNCT
cblr-2952	574	1	this	this	PRON
cblr-2952	574	2	historically	historically	ADV
cblr-2952	574	3	required	require	VERB
cblr-2952	574	4	them	they	PRON
cblr-2952	574	5	to	to	PART
cblr-2952	574	6	register	register	VERB
cblr-2952	574	7	with	with	ADP
cblr-2952	574	8	the	the	DET
cblr-2952	574	9	cftc	cftc	PROPN
cblr-2952	574	10	and	and	CCONJ
cblr-2952	574	11	subjected	subject	VERB
cblr-2952	574	12	them	they	PRON
cblr-2952	574	13	to	to	ADP
cblr-2952	574	14	similar	similar	ADJ
cblr-2952	574	15	requirements	requirement	NOUN
cblr-2952	574	16	as	as	ADP
cblr-2952	574	17	registered	register	VERB
cblr-2952	574	18	advisers	adviser	NOUN
cblr-2952	574	19	under	under	ADP
cblr-2952	574	20	the	the	DET
cblr-2952	574	21	advisers	adviser	NOUN
cblr-2952	574	22	act	act	PROPN
cblr-2952	574	23	.	.	PUNCT
cblr-2952	575	1	see	see	VERB
cblr-2952	575	2	i	i	PRON
cblr-2952	575	3	d.	d.	PROPN
cblr-2952	575	4	§	§	PROPN
cblr-2952	575	5	6(m	6(m	NUM
cblr-2952	575	6	)	)	PUNCT
cblr-2952	575	7	(	(	PUNCT
cblr-2952	575	8	2000	2000	NUM
cblr-2952	575	9	)	)	PUNCT
cblr-2952	575	10	.	.	PUNCT
cblr-2952	576	1	however	however	ADV
cblr-2952	576	2	,	,	PUNCT
cblr-2952	576	3	an	an	DET
cblr-2952	576	4	exemption	exemption	NOUN
cblr-2952	576	5	to	to	ADP
cblr-2952	576	6	this	this	DET
cblr-2952	576	7	registration	registration	NOUN
cblr-2952	576	8	requirement	requirement	NOUN
cblr-2952	576	9	for	for	ADP
cblr-2952	576	10	both	both	DET
cblr-2952	576	11	cpos	cpos	PROPN
cblr-2952	576	12	and	and	CCONJ
cblr-2952	576	13	ctas	cta	NOUN
cblr-2952	576	14	was	be	AUX
cblr-2952	576	15	promulgated	promulgate	VERB
cblr-2952	576	16	in	in	ADP
cblr-2952	576	17	2003	2003	NUM
cblr-2952	576	18	which	which	PRON
cblr-2952	576	19	permits	permit	VERB
cblr-2952	576	20	these	these	DET
cblr-2952	576	21	entities	entity	NOUN
cblr-2952	576	22	to	to	PART
cblr-2952	576	23	avoid	avoid	VERB
cblr-2952	576	24	registration	registration	NOUN
cblr-2952	576	25	so	so	ADV
cblr-2952	576	26	long	long	ADV
cblr-2952	576	27	as	as	SCONJ
cblr-2952	576	28	their	their	PRON
cblr-2952	576	29	funds	fund	NOUN
cblr-2952	576	30	are	be	AUX
cblr-2952	576	31	not	not	PART
cblr-2952	576	32	public	public	ADJ
cblr-2952	576	33	and	and	CCONJ
cblr-2952	576	34	all	all	PRON
cblr-2952	576	35	of	of	ADP
cblr-2952	576	36	their	their	PRON
cblr-2952	576	37	investors	investor	NOUN
cblr-2952	576	38	are	be	AUX
cblr-2952	576	39	sophisticated	sophisticated	ADJ
cblr-2952	576	40	,	,	PUNCT
cblr-2952	576	41	or	or	CCONJ
cblr-2952	576	42	"	"	PUNCT
cblr-2952	576	43	qualified	qualified	ADJ
cblr-2952	576	44	eligible	eligible	ADJ
cblr-2952	576	45	persons	person	NOUN
cblr-2952	576	46	.	.	PUNCT
cblr-2952	576	47	"	"	PUNCT
cblr-2952	577	1	see	see	VERB
cblr-2952	577	2	17	17	NUM
cblr-2952	577	3	c.f.r	c.f.r	NOUN
cblr-2952	577	4	.	.	PUNCT
cblr-2952	578	1	§	§	PROPN
cblr-2952	578	2	§	§	PROPN
cblr-2952	578	3	3.13(a)(4	3.13(a)(4	NUM
cblr-2952	578	4	)	)	PUNCT
cblr-2952	578	5	,	,	PUNCT
cblr-2952	578	6	4.14(a)(8)(1	4.14(a)(8)(1	NUM
cblr-2952	578	7	)	)	PUNCT
cblr-2952	578	8	(	(	PUNCT
cblr-2952	578	9	2007	2007	NUM
cblr-2952	578	10	)	)	PUNCT
cblr-2952	578	11	;	;	PUNCT
cblr-2952	578	12	see	see	VERB
cblr-2952	578	13	generally	generally	ADV
cblr-2952	578	14	philip	philip	PROPN
cblr-2952	578	15	mcbride	mcbride	PROPN
cblr-2952	578	16	johnson	johnson	PROPN
cblr-2952	578	17	&	&	CCONJ
cblr-2952	578	18	thomas	thomas	PROPN
cblr-2952	578	19	lee	lee	PROPN
cblr-2952	578	20	hazen	hazen	PROPN
cblr-2952	578	21	,	,	PUNCT
cblr-2952	578	22	commodities	commodity	NOUN
cblr-2952	578	23	regulation	regulation	NOUN
cblr-2952	578	24	,	,	PUNCT
cblr-2952	578	25	§	§	PROPN
cblr-2952	578	26	1.02[8	1.02[8	NUM
cblr-2952	578	27	]	]	X
cblr-2952	578	28	(	(	PUNCT
cblr-2952	578	29	2003	2003	NUM
cblr-2952	578	30	)	)	PUNCT
cblr-2952	578	31	(	(	PUNCT
cblr-2952	578	32	outlining	outline	VERB
cblr-2952	578	33	the	the	DET
cblr-2952	578	34	registration	registration	NOUN
cblr-2952	578	35	requirements	requirement	NOUN
cblr-2952	578	36	for	for	ADP
cblr-2952	578	37	cpos	cpos	PROPN
cblr-2952	578	38	and	and	CCONJ
cblr-2952	578	39	ctas	cta	NOUN
cblr-2952	578	40	under	under	ADP
cblr-2952	578	41	the	the	DET
cblr-2952	578	42	cea	cea	PROPN
cblr-2952	578	43	)	)	PUNCT
cblr-2952	578	44	.	.	PUNCT
cblr-2952	579	1	130	130	NUM
cblr-2952	579	2	see	see	VERB
cblr-2952	579	3	registration	registration	NOUN
cblr-2952	579	4	under	under	ADP
cblr-2952	579	5	the	the	DET
cblr-2952	579	6	advisers	adviser	NOUN
cblr-2952	579	7	act	act	VERB
cblr-2952	579	8	of	of	ADP
cblr-2952	579	9	certain	certain	ADJ
cblr-2952	579	10	hedge	hedge	NOUN
cblr-2952	579	11	fund	fund	NOUN
cblr-2952	579	12	advisers	adviser	NOUN
cblr-2952	579	13	,	,	PUNCT
cblr-2952	579	14	ia	ia	PROPN
cblr-2952	579	15	release	release	VERB
cblr-2952	579	16	no	no	PRON
cblr-2952	579	17	.	.	PUNCT
cblr-2952	579	18	2266	2266	NUM
cblr-2952	580	1	[	[	PUNCT
cblr-2952	580	2	2004	2004	NUM
cblr-2952	580	3	transfer	transfer	NOUN
cblr-2952	580	4	binder	binder	NOUN
cblr-2952	580	5	]	]	PUNCT
cblr-2952	580	6	fed	fed	PROPN
cblr-2952	580	7	.	.	PUNCT
cblr-2952	581	1	sec	sec	PROPN
cblr-2952	581	2	.	.	PROPN
cblr-2952	581	3	l.	l.	PROPN
cblr-2952	581	4	rep	rep	PROPN
cblr-2952	581	5	.	.	PROPN
cblr-2952	581	6	(	(	PUNCT
cblr-2952	581	7	cch	cch	PROPN
cblr-2952	581	8	)	)	PUNCT
cblr-2952	581	9	87,240	87,240	NUM
cblr-2952	581	10	,	,	PUNCT
cblr-2952	581	11	at	at	ADP
cblr-2952	581	12	80,758	80,758	NUM
cblr-2952	581	13	-	-	SYM
cblr-2952	581	14	59	59	NUM
cblr-2952	581	15	(	(	PUNCT
cblr-2952	581	16	july	july	PROPN
cblr-2952	581	17	20	20	NUM
cblr-2952	581	18	,	,	PUNCT
cblr-2952	581	19	2004	2004	NUM
cblr-2952	581	20	)	)	PUNCT
cblr-2952	581	21	.	.	PUNCT
cblr-2952	582	1	131	131	NUM
cblr-2952	582	2	this	this	PRON
cblr-2952	582	3	is	be	AUX
cblr-2952	582	4	exemplified	exemplify	VERB
cblr-2952	582	5	by	by	ADP
cblr-2952	582	6	one	one	NUM
cblr-2952	582	7	survey	survey	NOUN
cblr-2952	582	8	in	in	ADP
cblr-2952	582	9	2004	2004	NUM
cblr-2952	582	10	which	which	PRON
cblr-2952	582	11	found	find	VERB
cblr-2952	582	12	that	that	SCONJ
cblr-2952	582	13	fifteen	fifteen	NUM
cblr-2952	582	14	percent	percent	NOUN
cblr-2952	582	15	of	of	ADP
cblr-2952	582	16	those	those	PRON
cblr-2952	582	17	surveyed	survey	VERB
cblr-2952	582	18	would	would	AUX
cblr-2952	582	19	limit	limit	VERB
cblr-2952	582	20	their	their	PRON
cblr-2952	582	21	investments	investment	NOUN
cblr-2952	582	22	to	to	ADP
cblr-2952	582	23	funds	fund	NOUN
cblr-2952	582	24	whose	whose	DET
cblr-2952	582	25	advisers	adviser	NOUN
cblr-2952	582	26	registered	register	VERB
cblr-2952	582	27	under	under	ADP
cblr-2952	582	28	the	the	DET
cblr-2952	582	29	advisers	adviser	NOUN
cblr-2952	582	30	act	act	PROPN
cblr-2952	582	31	.	.	PUNCT
cblr-2952	583	1	see	see	VERB
cblr-2952	583	2	deutsche	deutsche	PROPN
cblr-2952	583	3	bank	bank	PROPN
cblr-2952	583	4	equity	equity	PROPN
cblr-2952	583	5	prime	prime	PROPN
cblr-2952	583	6	services	services	PROPN
cblr-2952	583	7	group	group	NOUN
cblr-2952	583	8	,	,	PUNCT
cblr-2952	583	9	2004	2004	NUM
cblr-2952	583	10	alternative	alternative	ADJ
cblr-2952	583	11	investment	investment	NOUN
cblr-2952	583	12	survey	survey	NOUN
cblr-2952	583	13	(	(	PUNCT
cblr-2952	583	14	2004	2004	NUM
cblr-2952	583	15	)	)	PUNCT
cblr-2952	583	16	(	(	PUNCT
cblr-2952	583	17	copy	copy	VERB
cblr-2952	583	18	on	on	ADP
cblr-2952	583	19	file	file	NOUN
cblr-2952	583	20	with	with	ADP
cblr-2952	583	21	author	author	NOUN
cblr-2952	583	22	)	)	PUNCT
cblr-2952	583	23	;	;	PUNCT
cblr-2952	583	24	see	see	VERB
cblr-2952	583	25	generally	generally	ADV
cblr-2952	583	26	stephen	stephen	PROPN
cblr-2952	583	27	j.	j.	PROPN
cblr-2952	583	28	brown	brown	PROPN
cblr-2952	583	29	et	et	PROPN
cblr-2952	583	30	al	al	PROPN
cblr-2952	583	31	.	.	PROPN
cblr-2952	583	32	,	,	PUNCT
cblr-2952	583	33	optimal	optimal	ADJ
cblr-2952	583	34	disclosure	disclosure	NOUN
cblr-2952	583	35	and	and	CCONJ
cblr-2952	583	36	operational	operational	ADJ
cblr-2952	583	37	risk	risk	NOUN
cblr-2952	583	38	:	:	PUNCT
cblr-2952	583	39	evidence	evidence	NOUN
cblr-2952	583	40	from	from	ADP
cblr-2952	583	41	hedge	hedge	NOUN
cblr-2952	583	42	fund	fund	NOUN
cblr-2952	583	43	registration	registration	NOUN
cblr-2952	583	44	(	(	PUNCT
cblr-2952	583	45	jan	jan	PROPN
cblr-2952	583	46	.	.	PROPN
cblr-2952	583	47	7	7	NUM
cblr-2952	583	48	,	,	PUNCT
cblr-2952	583	49	2007	2007	NUM
cblr-2952	583	50	)	)	PUNCT
cblr-2952	583	51	,	,	PUNCT
cblr-2952	583	52	available	available	ADJ
cblr-2952	583	53	at	at	ADP
cblr-2952	583	54	http://ssrn.com/abstract=918461	http://ssrn.com/abstract=918461	PROPN
cblr-2952	583	55	(	(	PUNCT
cblr-2952	583	56	examining	examine	VERB
cblr-2952	583	57	hedge	hedge	NOUN
cblr-2952	583	58	fund	fund	NOUN
cblr-2952	583	59	adviser	adviser	NOUN
cblr-2952	583	60	filings	filing	NOUN
cblr-2952	583	61	with	with	ADP
cblr-2952	583	62	the	the	DET
cblr-2952	583	63	sec	sec	PROPN
cblr-2952	583	64	and	and	CCONJ
cblr-2952	583	65	finding	find	VERB
cblr-2952	583	66	that	that	SCONJ
cblr-2952	583	67	these	these	DET
cblr-2952	583	68	filings	filing	NOUN
cblr-2952	583	69	likely	likely	ADV
cblr-2952	583	70	disclose	disclose	VERB
cblr-2952	583	71	material	material	NOUN
cblr-2952	583	72	information	information	NOUN
cblr-2952	583	73	concerning	concern	VERB
cblr-2952	583	74	hedge	hedge	NOUN
cblr-2952	583	75	fund	fund	NOUN
cblr-2952	583	76	operational	operational	ADJ
cblr-2952	583	77	risk	risk	NOUN
cblr-2952	583	78	)	)	PUNCT
cblr-2952	583	79	.	.	PUNCT
cblr-2952	584	1	the	the	DET
cblr-2952	584	2	employee	employee	NOUN
cblr-2952	584	3	retirement	retirement	PROPN
cblr-2952	584	4	income	income	PROPN
cblr-2952	584	5	security	security	PROPN
cblr-2952	584	6	act	act	NOUN
cblr-2952	584	7	of	of	ADP
cblr-2952	584	8	1974	1974	NUM
cblr-2952	584	9	,	,	PUNCT
cblr-2952	584	10	as	as	SCONJ
cblr-2952	584	11	amended	amend	VERB
cblr-2952	584	12	(	(	PUNCT
cblr-2952	584	13	"	"	PUNCT
cblr-2952	584	14	erisa	erisa	NOUN
cblr-2952	584	15	"	"	PUNCT
cblr-2952	584	16	)	)	PUNCT
cblr-2952	584	17	and	and	CCONJ
cblr-2952	584	18	the	the	DET
cblr-2952	584	19	rules	rule	NOUN
cblr-2952	584	20	promulgated	promulgate	VERB
cblr-2952	584	21	thereunder	thereunder	ADV
cblr-2952	584	22	,	,	PUNCT
cblr-2952	584	23	generally	generally	ADV
cblr-2952	584	24	deem	deem	VERB
cblr-2952	584	25	fund	fund	NOUN
cblr-2952	584	26	advisers	adviser	NOUN
cblr-2952	584	27	who	who	PRON
cblr-2952	584	28	advise	advise	VERB
cblr-2952	584	29	a	a	DET
cblr-2952	584	30	fund	fund	NOUN
cblr-2952	584	31	with	with	ADP
cblr-2952	584	32	twenty	twenty	NUM
cblr-2952	584	33	-	-	PUNCT
cblr-2952	584	34	five	five	NUM
cblr-2952	584	35	percent	percent	NOUN
cblr-2952	584	36	or	or	CCONJ
cblr-2952	584	37	greater	great	ADJ
cblr-2952	584	38	investment	investment	NOUN
cblr-2952	584	39	by	by	ADP
cblr-2952	584	40	erisaregulated	erisaregulated	ADJ
cblr-2952	584	41	benefits	benefit	NOUN
cblr-2952	584	42	plans	plan	NOUN
cblr-2952	584	43	to	to	PART
cblr-2952	584	44	be	be	AUX
cblr-2952	584	45	managing	manage	VERB
cblr-2952	584	46	"	"	PUNCT
cblr-2952	584	47	plan	plan	NOUN
cblr-2952	584	48	assets	asset	NOUN
cblr-2952	584	49	"	"	PUNCT
cblr-2952	584	50	and	and	CCONJ
cblr-2952	584	51	subject	subject	VERB
cblr-2952	584	52	them	they	PRON
cblr-2952	584	53	to	to	ADP
cblr-2952	584	54	certain	certain	ADJ
cblr-2952	584	55	requirements	requirement	NOUN
cblr-2952	584	56	of	of	ADP
cblr-2952	584	57	erisa	erisa	NOUN
cblr-2952	584	58	and	and	CCONJ
cblr-2952	584	59	the	the	DET
cblr-2952	584	60	federal	federal	ADJ
cblr-2952	584	61	tax	tax	NOUN
cblr-2952	584	62	code	code	PROPN
cblr-2952	584	63	.	.	PUNCT
cblr-2952	585	1	see	see	VERB
cblr-2952	585	2	29	29	NUM
cblr-2952	585	3	c.f.r	c.f.r	NOUN
cblr-2952	585	4	.	.	PUNCT
cblr-2952	586	1	§	§	PROPN
cblr-2952	586	2	2510.3	2510.3	NUM
cblr-2952	586	3	-	-	SYM
cblr-2952	586	4	101	101	NUM
cblr-2952	586	5	(	(	PUNCT
cblr-2952	586	6	2007	2007	NUM
cblr-2952	586	7	)	)	PUNCT
cblr-2952	586	8	.	.	PUNCT
cblr-2952	587	1	fund	fund	NOUN
cblr-2952	587	2	advisers	adviser	NOUN
cblr-2952	587	3	who	who	PRON
cblr-2952	587	4	are	be	AUX
cblr-2952	587	5	subject	subject	ADJ
cblr-2952	587	6	to	to	ADP
cblr-2952	587	7	these	these	DET
cblr-2952	587	8	erisa	erisa	NOUN
cblr-2952	587	9	obligations	obligation	NOUN
cblr-2952	587	10	generally	generally	ADV
cblr-2952	587	11	also	also	ADV
cblr-2952	587	12	register	register	VERB
cblr-2952	587	13	under	under	ADP
cblr-2952	587	14	the	the	DET
cblr-2952	587	15	advisers	adviser	NOUN
cblr-2952	587	16	act	act	VERB
cblr-2952	587	17	due	due	ADP
cblr-2952	587	18	to	to	ADP
cblr-2952	587	19	the	the	DET
cblr-2952	587	20	overlapping	overlap	VERB
cblr-2952	587	21	nature	nature	NOUN
cblr-2952	587	22	of	of	ADP
cblr-2952	587	23	these	these	DET
cblr-2952	587	24	provisions	provision	NOUN
cblr-2952	587	25	and	and	CCONJ
cblr-2952	587	26	consequent	consequent	ADJ
cblr-2952	587	27	low	low	ADJ
cblr-2952	587	28	transaction	transaction	NOUN
cblr-2952	587	29	costs	cost	NOUN
cblr-2952	587	30	for	for	ADP
cblr-2952	587	31	such	such	DET
cblr-2952	587	32	a	a	DET
cblr-2952	587	33	registration	registration	NOUN
cblr-2952	587	34	.	.	PUNCT
cblr-2952	588	1	[	[	X
cblr-2952	588	2	vol	vol	NOUN
cblr-2952	588	3	.	.	NOUN
cblr-2952	588	4	2008	2008	NUM
cblr-2952	588	5	black	black	ADJ
cblr-2952	588	6	market	market	NOUN
cblr-2952	588	7	capital	capital	PROPN
cblr-2952	588	8	iii	iii	PROPN
cblr-2952	588	9	.	.	PUNCT
cblr-2952	589	1	the	the	DET
cblr-2952	589	2	sec	sec	PROPN
cblr-2952	589	3	,	,	PUNCT
cblr-2952	589	4	private	private	ADJ
cblr-2952	589	5	equity	equity	NOUN
cblr-2952	589	6	,	,	PUNCT
cblr-2952	589	7	and	and	CCONJ
cblr-2952	589	8	hedge	hedge	NOUN
cblr-2952	589	9	funds	fund	NOUN
cblr-2952	589	10	the	the	DET
cblr-2952	589	11	investment	investment	NOUN
cblr-2952	589	12	company	company	NOUN
cblr-2952	589	13	act	act	VERB
cblr-2952	589	14	and	and	CCONJ
cblr-2952	589	15	the	the	DET
cblr-2952	589	16	advisers	adviser	NOUN
cblr-2952	589	17	act	act	VERB
cblr-2952	589	18	forcefully	forcefully	ADV
cblr-2952	589	19	confine	confine	VERB
cblr-2952	589	20	hedge	hedge	NOUN
cblr-2952	589	21	funds	fund	NOUN
cblr-2952	589	22	and	and	CCONJ
cblr-2952	589	23	private	private	ADJ
cblr-2952	589	24	equity	equity	NOUN
cblr-2952	589	25	to	to	ADP
cblr-2952	589	26	capitalraising	capitalraise	VERB
cblr-2952	589	27	in	in	ADP
cblr-2952	589	28	the	the	DET
cblr-2952	589	29	private	private	ADJ
cblr-2952	589	30	market	market	NOUN
cblr-2952	589	31	.	.	PUNCT
cblr-2952	590	1	the	the	DET
cblr-2952	590	2	sec	sec	PROPN
cblr-2952	590	3	has	have	AUX
cblr-2952	590	4	historically	historically	ADV
cblr-2952	590	5	been	be	AUX
cblr-2952	590	6	content	content	ADJ
cblr-2952	590	7	to	to	PART
cblr-2952	590	8	preserve	preserve	VERB
cblr-2952	590	9	this	this	DET
cblr-2952	590	10	effective	effective	ADJ
cblr-2952	590	11	barrier	barrier	NOUN
cblr-2952	590	12	,	,	PUNCT
cblr-2952	590	13	leaving	leave	VERB
cblr-2952	590	14	these	these	DET
cblr-2952	590	15	investments	investment	NOUN
cblr-2952	590	16	largely	largely	ADV
cblr-2952	590	17	unregulated	unregulated	ADJ
cblr-2952	590	18	and	and	CCONJ
cblr-2952	590	19	unsupervised	unsupervised	ADJ
cblr-2952	590	20	.	.	PUNCT
cblr-2952	591	1	but	but	CCONJ
cblr-2952	591	2	,	,	PUNCT
cblr-2952	591	3	as	as	SCONJ
cblr-2952	591	4	hedge	hedge	NOUN
cblr-2952	591	5	funds	fund	NOUN
cblr-2952	591	6	and	and	CCONJ
cblr-2952	591	7	private	private	ADJ
cblr-2952	591	8	equity	equity	NOUN
cblr-2952	591	9	achieve	achieve	VERB
cblr-2952	591	10	increasing	increase	VERB
cblr-2952	591	11	prominence	prominence	NOUN
cblr-2952	591	12	,	,	PUNCT
cblr-2952	591	13	the	the	DET
cblr-2952	591	14	sec	sec	PROPN
cblr-2952	591	15	attitude	attitude	NOUN
cblr-2952	591	16	toward	toward	ADP
cblr-2952	591	17	these	these	DET
cblr-2952	591	18	investments	investment	NOUN
cblr-2952	591	19	has	have	AUX
cblr-2952	591	20	changed	change	VERB
cblr-2952	591	21	.	.	PUNCT
cblr-2952	592	1	in	in	ADP
cblr-2952	592	2	the	the	DET
cblr-2952	592	3	new	new	ADJ
cblr-2952	592	4	millennium	millennium	NOUN
cblr-2952	592	5	,	,	PUNCT
cblr-2952	592	6	the	the	DET
cblr-2952	592	7	sec	sec	PROPN
cblr-2952	592	8	has	have	AUX
cblr-2952	592	9	increasingly	increasingly	ADV
cblr-2952	592	10	cast	cast	VERB
cblr-2952	592	11	a	a	DET
cblr-2952	592	12	wary	wary	ADJ
cblr-2952	592	13	eye	eye	NOUN
cblr-2952	592	14	on	on	ADP
cblr-2952	592	15	these	these	DET
cblr-2952	592	16	investments	investment	NOUN
cblr-2952	592	17	,	,	PUNCT
cblr-2952	592	18	embarking	embark	VERB
cblr-2952	592	19	on	on	ADP
cblr-2952	592	20	a	a	DET
cblr-2952	592	21	campaign	campaign	NOUN
cblr-2952	592	22	to	to	PART
cblr-2952	592	23	regulate	regulate	VERB
cblr-2952	592	24	hedge	hedge	NOUN
cblr-2952	592	25	fund	fund	NOUN
cblr-2952	592	26	advisers	adviser	NOUN
cblr-2952	592	27	and	and	CCONJ
cblr-2952	592	28	further	far	ADV
cblr-2952	592	29	restrict	restrict	VERB
cblr-2952	592	30	investors	investor	NOUN
cblr-2952	592	31	from	from	ADP
cblr-2952	592	32	investing	invest	VERB
cblr-2952	592	33	in	in	ADP
cblr-2952	592	34	both	both	DET
cblr-2952	592	35	hedge	hedge	NOUN
cblr-2952	592	36	funds	fund	NOUN
cblr-2952	592	37	and	and	CCONJ
cblr-2952	592	38	private	private	ADJ
cblr-2952	592	39	equity	equity	NOUN
cblr-2952	592	40	.	.	PUNCT
cblr-2952	593	1	a.	a.	PROPN
cblr-2952	593	2	sec	sec	PROPN
cblr-2952	593	3	regulation	regulation	NOUN
cblr-2952	593	4	of	of	ADP
cblr-2952	593	5	hedge	hedge	NOUN
cblr-2952	593	6	funds	fund	NOUN
cblr-2952	593	7	during	during	ADP
cblr-2952	593	8	the	the	DET
cblr-2952	593	9	first	first	ADJ
cblr-2952	593	10	forty	forty	NUM
cblr-2952	593	11	years	year	NOUN
cblr-2952	593	12	of	of	ADP
cblr-2952	593	13	the	the	DET
cblr-2952	593	14	modern	modern	ADJ
cblr-2952	593	15	day	day	NOUN
cblr-2952	593	16	existence	existence	NOUN
cblr-2952	593	17	of	of	ADP
cblr-2952	593	18	hedge	hedge	NOUN
cblr-2952	593	19	funds	fund	NOUN
cblr-2952	593	20	,	,	PUNCT
cblr-2952	593	21	the	the	DET
cblr-2952	593	22	sec	sec	PROPN
cblr-2952	593	23	only	only	ADV
cblr-2952	593	24	sporadically	sporadically	ADV
cblr-2952	593	25	publicly	publicly	ADV
cblr-2952	593	26	directed	direct	VERB
cblr-2952	593	27	its	its	PRON
cblr-2952	593	28	attention	attention	NOUN
cblr-2952	593	29	to	to	ADP
cblr-2952	593	30	them.132	them.132	PROPN
cblr-2952	593	31	moreover	moreover	ADV
cblr-2952	593	32	,	,	PUNCT
cblr-2952	593	33	on	on	ADP
cblr-2952	593	34	those	those	DET
cblr-2952	593	35	occasions	occasion	NOUN
cblr-2952	593	36	when	when	SCONJ
cblr-2952	593	37	it	it	PRON
cblr-2952	593	38	did	do	AUX
cblr-2952	593	39	publicly	publicly	ADV
cblr-2952	593	40	examine	examine	VERB
cblr-2952	593	41	these	these	DET
cblr-2952	593	42	investments	investment	NOUN
cblr-2952	593	43	,	,	PUNCT
cblr-2952	593	44	the	the	DET
cblr-2952	593	45	sec	sec	PROPN
cblr-2952	593	46	focused	focus	VERB
cblr-2952	593	47	on	on	ADP
cblr-2952	593	48	system	system	NOUN
cblr-2952	593	49	-	-	PUNCT
cblr-2952	593	50	wide	wide	ADJ
cblr-2952	593	51	ramifications	ramification	NOUN
cblr-2952	593	52	of	of	ADP
cblr-2952	593	53	hedge	hedge	NOUN
cblr-2952	593	54	funds	fund	NOUN
cblr-2952	593	55	.	.	PUNCT
cblr-2952	594	1	at	at	ADP
cblr-2952	594	2	no	no	DET
cblr-2952	594	3	time	time	NOUN
cblr-2952	594	4	did	do	AUX
cblr-2952	594	5	the	the	DET
cblr-2952	594	6	sec	sec	PROPN
cblr-2952	594	7	,	,	PUNCT
cblr-2952	594	8	at	at	ADP
cblr-2952	594	9	least	least	ADJ
cblr-2952	594	10	publicly	publicly	ADV
cblr-2952	594	11	,	,	PUNCT
cblr-2952	594	12	address	address	VERB
cblr-2952	594	13	the	the	DET
cblr-2952	594	14	general	general	ADJ
cblr-2952	594	15	application	application	NOUN
cblr-2952	594	16	of	of	ADP
cblr-2952	594	17	the	the	DET
cblr-2952	594	18	investment	investment	NOUN
cblr-2952	594	19	company	company	NOUN
cblr-2952	594	20	act	act	VERB
cblr-2952	594	21	and	and	CCONJ
cblr-2952	594	22	the	the	DET
cblr-2952	594	23	advisers	adviser	NOUN
cblr-2952	594	24	act	act	VERB
cblr-2952	594	25	to	to	PART
cblr-2952	594	26	hedge	hedge	VERB
cblr-2952	594	27	funds	fund	NOUN
cblr-2952	594	28	nor	nor	CCONJ
cblr-2952	594	29	did	do	AUX
cblr-2952	594	30	it	it	PRON
cblr-2952	594	31	examine	examine	VERB
cblr-2952	594	32	the	the	DET
cblr-2952	594	33	general	general	ADJ
cblr-2952	594	34	regulation	regulation	NOUN
cblr-2952	594	35	of	of	ADP
cblr-2952	594	36	these	these	DET
cblr-2952	594	37	investments	investment	NOUN
cblr-2952	594	38	or	or	CCONJ
cblr-2952	594	39	their	their	PRON
cblr-2952	594	40	advisers	adviser	NOUN
cblr-2952	594	41	.	.	PUNCT
cblr-2952	595	1	this	this	PRON
cblr-2952	595	2	changed	change	VERB
cblr-2952	595	3	in	in	ADP
cblr-2952	595	4	2002	2002	NUM
cblr-2952	595	5	as	as	SCONJ
cblr-2952	595	6	public	public	ADJ
cblr-2952	595	7	wariness	wariness	NOUN
cblr-2952	595	8	of	of	ADP
cblr-2952	595	9	hedge	hedge	NOUN
cblr-2952	595	10	funds	fund	NOUN
cblr-2952	595	11	and	and	CCONJ
cblr-2952	595	12	outcry	outcry	NOUN
cblr-2952	595	13	over	over	ADP
cblr-2952	595	14	their	their	PRON
cblr-2952	595	15	perceived	perceive	VERB
cblr-2952	595	16	risk	risk	NOUN
cblr-2952	595	17	grew	grow	VERB
cblr-2952	595	18	,	,	PUNCT
cblr-2952	595	19	mainly	mainly	ADV
cblr-2952	595	20	in	in	ADP
cblr-2952	595	21	response	response	NOUN
cblr-2952	595	22	to	to	ADP
cblr-2952	595	23	the	the	DET
cblr-2952	595	24	1998	1998	NUM
cblr-2952	595	25	implosion	implosion	NOUN
cblr-2952	595	26	of	of	ADP
cblr-2952	595	27	the	the	DET
cblr-2952	595	28	global	global	PROPN
cblr-2952	595	29	macro	macro	PROPN
cblr-2952	595	30	hedge	hedge	PROPN
cblr-2952	595	31	fund	fund	PROPN
cblr-2952	595	32	long	long	ADJ
cblr-2952	595	33	-	-	PUNCT
cblr-2952	595	34	term	term	NOUN
cblr-2952	595	35	capital	capital	NOUN
cblr-2952	595	36	management	management	NOUN
cblr-2952	595	37	.	.	PUNCT
cblr-2952	596	1	3	3	NUM
cblr-2952	596	2	3	3	NUM
cblr-2952	596	3	in	in	ADP
cblr-2952	596	4	that	that	DET
cblr-2952	596	5	year	year	NOUN
cblr-2952	596	6	,	,	PUNCT
cblr-2952	596	7	the	the	DET
cblr-2952	596	8	sec	sec	PROPN
cblr-2952	596	9	's	's	PART
cblr-2952	596	10	division	division	NOUN
cblr-2952	596	11	of	of	ADP
cblr-2952	596	12	investment	investment	NOUN
cblr-2952	596	13	management	management	NOUN
cblr-2952	596	14	(	(	PUNCT
cblr-2952	596	15	"	"	PUNCT
cblr-2952	596	16	i	i	PRON
cblr-2952	596	17	m	m	VERB
cblr-2952	596	18	"	"	PUNCT
cblr-2952	596	19	)	)	PUNCT
cblr-2952	596	20	initiated	initiate	VERB
cblr-2952	596	21	an	an	DET
cblr-2952	596	22	informational	informational	ADJ
cblr-2952	596	23	inquiry	inquiry	NOUN
cblr-2952	596	24	into	into	ADP
cblr-2952	596	25	hedge	hedge	PROPN
cblr-2952	596	26	fund	fund	PROPN
cblr-2952	596	27	ac	ac	PROPN
cblr-2952	596	28	'	'	PUNCT
cblr-2952	596	29	the	the	DET
cblr-2952	596	30	history	history	NOUN
cblr-2952	596	31	of	of	ADP
cblr-2952	596	32	sec	sec	PROPN
cblr-2952	596	33	review	review	NOUN
cblr-2952	596	34	and	and	CCONJ
cblr-2952	596	35	regulation	regulation	NOUN
cblr-2952	596	36	of	of	ADP
cblr-2952	596	37	hedge	hedge	NOUN
cblr-2952	596	38	funds	fund	NOUN
cblr-2952	596	39	is	be	AUX
cblr-2952	596	40	detailed	detail	VERB
cblr-2952	596	41	in	in	ADP
cblr-2952	596	42	hedge	hedge	NOUN
cblr-2952	596	43	fund	fund	NOUN
cblr-2952	596	44	staff	staff	NOUN
cblr-2952	596	45	report	report	NOUN
cblr-2952	596	46	,	,	PUNCT
cblr-2952	596	47	supra	supra	PROPN
cblr-2952	596	48	note	note	PROPN
cblr-2952	596	49	117	117	NUM
cblr-2952	596	50	,	,	PUNCT
cblr-2952	596	51	at	at	ADP
cblr-2952	596	52	app	app	PROPN
cblr-2952	596	53	.	.	PUNCT
cblr-2952	597	1	a.	a.	PROPN
cblr-2952	597	2	.3	.3	NUM
cblr-2952	597	3	see	see	VERB
cblr-2952	597	4	,	,	PUNCT
cblr-2952	597	5	e.g.	e.g.	ADV
cblr-2952	597	6	,	,	PUNCT
cblr-2952	597	7	william	william	PROPN
cblr-2952	597	8	safire	safire	PROPN
cblr-2952	597	9	,	,	PUNCT
cblr-2952	597	10	beware	beware	VERB
cblr-2952	597	11	the	the	DET
cblr-2952	597	12	hedgehogs	hedgehog	NOUN
cblr-2952	597	13	,	,	PUNCT
cblr-2952	597	14	n.y	n.y	PROPN
cblr-2952	597	15	.	.	PROPN
cblr-2952	597	16	times	times	PROPN
cblr-2952	597	17	,	,	PUNCT
cblr-2952	597	18	sept	sept	PROPN
cblr-2952	597	19	.	.	PROPN
cblr-2952	597	20	5	5	NUM
cblr-2952	597	21	,	,	PUNCT
cblr-2952	597	22	2002	2002	NUM
cblr-2952	597	23	,	,	PUNCT
cblr-2952	597	24	at	at	ADP
cblr-2952	597	25	a23	a23	PROPN
cblr-2952	597	26	(	(	PUNCT
cblr-2952	597	27	arguing	argue	VERB
cblr-2952	597	28	that	that	SCONJ
cblr-2952	597	29	"	"	PUNCT
cblr-2952	597	30	[	[	PUNCT
cblr-2952	597	31	olne	olne	NOUN
cblr-2952	597	32	cause	cause	NOUN
cblr-2952	597	33	of	of	ADP
cblr-2952	597	34	the	the	DET
cblr-2952	597	35	unusual	unusual	ADJ
cblr-2952	597	36	,	,	PUNCT
cblr-2952	597	37	unstable	unstable	ADJ
cblr-2952	597	38	jerking	jerk	VERB
cblr-2952	597	39	around	around	ADV
cblr-2952	597	40	of	of	ADP
cblr-2952	597	41	the	the	DET
cblr-2952	597	42	stock	stock	NOUN
cblr-2952	597	43	markets	market	NOUN
cblr-2952	597	44	..	..	PUNCT
cblr-2952	597	45	,	,	PUNCT
cblr-2952	597	46	is	be	AUX
cblr-2952	597	47	the	the	DET
cblr-2952	597	48	kudzu	kudzu	NOUN
cblr-2952	597	49	-	-	PUNCT
cblr-2952	597	50	like	like	ADJ
cblr-2952	597	51	growth	growth	NOUN
cblr-2952	597	52	of	of	ADP
cblr-2952	597	53	hedge	hedge	NOUN
cblr-2952	597	54	funds	fund	NOUN
cblr-2952	597	55	.	.	PUNCT
cblr-2952	598	1	no	no	INTJ
cblr-2952	598	2	.	.	NOUN
cblr-2952	599	1	1	1	NUM
cblr-2952	599	2	:	:	SYM
cblr-2952	599	3	1721	1721	NUM
cblr-2952	599	4	tivities	tivitie	NOUN
cblr-2952	599	5	.	.	PUNCT
cblr-2952	599	6	'	'	PUNCT
cblr-2952	599	7	"	"	PUNCT
cblr-2952	599	8	in	in	ADP
cblr-2952	599	9	september	september	PROPN
cblr-2952	599	10	2003	2003	NUM
cblr-2952	599	11	,	,	PUNCT
cblr-2952	599	12	i	i	PRON
cblr-2952	599	13	m	m	AUX
cblr-2952	599	14	issued	issue	VERB
cblr-2952	599	15	its	its	PRON
cblr-2952	599	16	report	report	NOUN
cblr-2952	599	17	on	on	ADP
cblr-2952	599	18	its	its	PRON
cblr-2952	599	19	fact	fact	NOUN
cblr-2952	599	20	-	-	PUNCT
cblr-2952	599	21	finding	find	VERB
cblr-2952	599	22	investigation	investigation	NOUN
cblr-2952	599	23	and	and	CCONJ
cblr-2952	599	24	recommended	recommend	VERB
cblr-2952	599	25	a	a	DET
cblr-2952	599	26	number	number	NOUN
cblr-2952	599	27	of	of	ADP
cblr-2952	599	28	rule	rule	NOUN
cblr-2952	599	29	-	-	PUNCT
cblr-2952	599	30	making	make	VERB
cblr-2952	599	31	initiatives	initiative	NOUN
cblr-2952	599	32	with	with	ADP
cblr-2952	599	33	respect	respect	NOUN
cblr-2952	599	34	to	to	ADP
cblr-2952	599	35	hedge	hedge	NOUN
cblr-2952	599	36	funds	fund	NOUN
cblr-2952	599	37	,	,	PUNCT
cblr-2952	599	38	including	include	VERB
cblr-2952	599	39	registration	registration	NOUN
cblr-2952	599	40	of	of	ADP
cblr-2952	599	41	hedge	hedge	NOUN
cblr-2952	599	42	fund	fund	NOUN
cblr-2952	599	43	advisers	adviser	NOUN
cblr-2952	599	44	under	under	ADP
cblr-2952	599	45	the	the	DET
cblr-2952	599	46	advisers	adviser	NOUN
cblr-2952	599	47	act	act	PROPN
cblr-2952	599	48	.	.	PUNCT
cblr-2952	600	1	135	135	NUM
cblr-2952	600	2	in	in	ADP
cblr-2952	600	3	2004	2004	NUM
cblr-2952	600	4	,	,	PUNCT
cblr-2952	600	5	the	the	DET
cblr-2952	600	6	sec	sec	PROPN
cblr-2952	600	7	commission	commission	NOUN
cblr-2952	600	8	by	by	ADP
cblr-2952	600	9	a	a	DET
cblr-2952	600	10	three	three	NUM
cblr-2952	600	11	to	to	PART
cblr-2952	600	12	two	two	NUM
cblr-2952	600	13	vote	vote	NOUN
cblr-2952	600	14	adopted	adopt	VERB
cblr-2952	600	15	i	i	PRON
cblr-2952	600	16	m	m	NOUN
cblr-2952	600	17	's	's	PART
cblr-2952	600	18	controversial	controversial	ADJ
cblr-2952	600	19	hedge	hedge	NOUN
cblr-2952	600	20	fund	fund	NOUN
cblr-2952	600	21	adviser	adviser	NOUN
cblr-2952	600	22	registration	registration	NOUN
cblr-2952	600	23	recommendation	recommendation	NOUN
cblr-2952	600	24	by	by	ADP
cblr-2952	600	25	adopting	adopt	VERB
cblr-2952	600	26	new	new	ADJ
cblr-2952	600	27	rule	rule	NOUN
cblr-2952	600	28	203(b)(3)-2	203(b)(3)-2	NOUN
cblr-2952	600	29	under	under	ADP
cblr-2952	600	30	the	the	DET
cblr-2952	600	31	advisers	adviser	NOUN
cblr-2952	600	32	act	act	PROPN
cblr-2952	600	33	.	.	PUNCT
cblr-2952	601	1	136	136	NUM
cblr-2952	601	2	as	as	SCONJ
cblr-2952	601	3	already	already	ADV
cblr-2952	601	4	noted	note	VERB
cblr-2952	601	5	,	,	PUNCT
cblr-2952	601	6	sec	sec	PROPN
cblr-2952	601	7	rules	rule	NOUN
cblr-2952	601	8	require	require	VERB
cblr-2952	601	9	that	that	SCONJ
cblr-2952	601	10	an	an	DET
cblr-2952	601	11	investment	investment	NOUN
cblr-2952	601	12	adviser	adviser	NOUN
cblr-2952	601	13	register	register	VERB
cblr-2952	601	14	under	under	ADP
cblr-2952	601	15	the	the	DET
cblr-2952	601	16	advisers	adviser	NOUN
cblr-2952	601	17	act	act	VERB
cblr-2952	601	18	if	if	SCONJ
cblr-2952	601	19	it	it	PRON
cblr-2952	601	20	has	have	VERB
cblr-2952	601	21	more	more	ADJ
cblr-2952	601	22	than	than	ADP
cblr-2952	601	23	fifteen	fifteen	NUM
cblr-2952	601	24	clients	client	NOUN
cblr-2952	601	25	.	.	PUNCT
cblr-2952	602	1	rule	rule	NOUN
cblr-2952	602	2	203(b)(3)-2	203(b)(3)-2	NOUN
cblr-2952	602	3	changed	change	VERB
cblr-2952	602	4	the	the	DET
cblr-2952	602	5	prior	prior	ADJ
cblr-2952	602	6	sec	sec	PROPN
cblr-2952	602	7	rule	rule	NOUN
cblr-2952	602	8	which	which	PRON
cblr-2952	602	9	had	have	AUX
cblr-2952	602	10	permitted	permit	VERB
cblr-2952	602	11	an	an	DET
cblr-2952	602	12	adviser	adviser	NOUN
cblr-2952	602	13	to	to	PART
cblr-2952	602	14	count	count	VERB
cblr-2952	602	15	each	each	DET
cblr-2952	602	16	fund	fund	NOUN
cblr-2952	602	17	it	it	PRON
cblr-2952	602	18	advised	advise	VERB
cblr-2952	602	19	as	as	ADP
cblr-2952	602	20	a	a	DET
cblr-2952	602	21	client	client	NOUN
cblr-2952	602	22	.	.	PUNCT
cblr-2952	603	1	investment	investment	NOUN
cblr-2952	603	2	advisers	adviser	NOUN
cblr-2952	603	3	meeting	meet	VERB
cblr-2952	603	4	the	the	DET
cblr-2952	603	5	definition	definition	NOUN
cblr-2952	603	6	of	of	ADP
cblr-2952	603	7	"	"	PUNCT
cblr-2952	603	8	private	private	ADJ
cblr-2952	603	9	funds	fund	NOUN
cblr-2952	603	10	"	"	PUNCT
cblr-2952	603	11	would	would	AUX
cblr-2952	603	12	henceforth	henceforth	ADV
cblr-2952	603	13	generally	generally	ADV
cblr-2952	603	14	be	be	AUX
cblr-2952	603	15	required	require	VERB
cblr-2952	603	16	under	under	ADP
cblr-2952	603	17	the	the	DET
cblr-2952	603	18	rule	rule	NOUN
cblr-2952	603	19	to	to	PART
cblr-2952	603	20	look	look	VERB
cblr-2952	603	21	through	through	ADP
cblr-2952	603	22	their	their	PRON
cblr-2952	603	23	advised	advise	VERB
cblr-2952	603	24	funds	fund	NOUN
cblr-2952	603	25	and	and	CCONJ
cblr-2952	603	26	count	count	VERB
cblr-2952	603	27	each	each	DET
cblr-2952	603	28	investor	investor	NOUN
cblr-2952	603	29	as	as	SCONJ
cblr-2952	603	30	opposed	oppose	VERB
cblr-2952	603	31	to	to	ADP
cblr-2952	603	32	each	each	DET
cblr-2952	603	33	fund	fund	NOUN
cblr-2952	603	34	as	as	ADP
cblr-2952	603	35	a	a	DET
cblr-2952	603	36	client	client	NOUN
cblr-2952	603	37	to	to	PART
cblr-2952	603	38	determine	determine	VERB
cblr-2952	603	39	whether	whether	SCONJ
cblr-2952	603	40	the	the	DET
cblr-2952	603	41	adviser	adviser	NOUN
cblr-2952	603	42	was	be	AUX
cblr-2952	603	43	required	require	VERB
cblr-2952	603	44	to	to	PART
cblr-2952	603	45	register	register	VERB
cblr-2952	603	46	.	.	PUNCT
cblr-2952	604	1	'37	'37	NUM
cblr-2952	604	2	notably	notably	ADV
cblr-2952	604	3	,	,	PUNCT
cblr-2952	604	4	the	the	DET
cblr-2952	604	5	rule	rule	NOUN
cblr-2952	604	6	deliberately	deliberately	ADV
cblr-2952	604	7	excluded	exclude	VERB
cblr-2952	604	8	without	without	ADP
cblr-2952	604	9	significant	significant	ADJ
cblr-2952	604	10	explanation	explanation	NOUN
cblr-2952	604	11	private	private	ADJ
cblr-2952	604	12	equity	equity	NOUN
cblr-2952	604	13	advisers	adviser	NOUN
cblr-2952	604	14	from	from	ADP
cblr-2952	604	15	this	this	DET
cblr-2952	604	16	requirement	requirement	NOUN
cblr-2952	604	17	.	.	PUNCT
cblr-2952	605	1	'38	'38	NUM
cblr-2952	606	1	the	the	DET
cblr-2952	606	2	rules	rule	NOUN
cblr-2952	606	3	required	require	VERB
cblr-2952	606	4	the	the	DET
cblr-2952	606	5	majority	majority	NOUN
cblr-2952	606	6	of	of	ADP
cblr-2952	606	7	qualifying	qualify	VERB
cblr-2952	606	8	hedge	hedge	NOUN
cblr-2952	606	9	fund	fund	NOUN
cblr-2952	606	10	advisers	adviser	NOUN
cblr-2952	606	11	to	to	PART
cblr-2952	606	12	register	register	VERB
cblr-2952	606	13	by	by	ADP
cblr-2952	606	14	february	february	PROPN
cblr-2952	606	15	1	1	NUM
cblr-2952	606	16	,	,	PUNCT
cblr-2952	606	17	2006	2006	NUM
cblr-2952	606	18	.	.	PUNCT
cblr-2952	606	19	'	'	PUNCT
cblr-2952	607	1	but	but	CCONJ
cblr-2952	607	2	on	on	ADP
cblr-2952	607	3	june	june	PROPN
cblr-2952	607	4	23	23	NUM
cblr-2952	607	5	,	,	PUNCT
cblr-2952	607	6	2006	2006	NUM
cblr-2952	607	7	,	,	PUNCT
cblr-2952	607	8	the	the	DET
cblr-2952	607	9	d.c	d.c	PROPN
cblr-2952	607	10	.	.	PROPN
cblr-2952	607	11	circuit	circuit	PROPN
cblr-2952	607	12	court	court	PROPN
cblr-2952	607	13	of	of	ADP
cblr-2952	607	14	appeals	appeal	NOUN
cblr-2952	607	15	vacated	vacate	VERB
cblr-2952	607	16	and	and	CCONJ
cblr-2952	607	17	remanded	remand	VERB
cblr-2952	607	18	the	the	DET
cblr-2952	607	19	sec	sec	PROPN
cblr-2952	607	20	's	's	PART
cblr-2952	607	21	hedge	hedge	NOUN
cblr-2952	607	22	fund	fund	NOUN
cblr-2952	607	23	rule	rule	NOUN
cblr-2952	607	24	on	on	ADP
cblr-2952	607	25	the	the	DET
cblr-2952	607	26	grounds	ground	NOUN
cblr-2952	607	27	that	that	SCONJ
cblr-2952	607	28	the	the	DET
cblr-2952	607	29	sec	sec	PROPN
cblr-2952	607	30	's	's	PART
cblr-2952	607	31	"	"	PUNCT
cblr-2952	607	32	interpretation	interpretation	NOUN
cblr-2952	607	33	of	of	ADP
cblr-2952	607	34	the	the	DET
cblr-2952	607	35	word	word	NOUN
cblr-2952	607	36	'	'	PUNCT
cblr-2952	607	37	client	client	NOUN
cblr-2952	607	38	'	'	PUNCT
cblr-2952	607	39	comes	come	VERB
cblr-2952	607	40	close	close	ADV
cblr-2952	607	41	to	to	ADP
cblr-2952	607	42	vio134	vio134	PROPN
cblr-2952	607	43	see	see	VERB
cblr-2952	607	44	hedge	hedge	NOUN
cblr-2952	607	45	fund	fund	NOUN
cblr-2952	607	46	staff	staff	NOUN
cblr-2952	607	47	report	report	NOUN
cblr-2952	607	48	,	,	PUNCT
cblr-2952	607	49	supra	supra	PROPN
cblr-2952	607	50	note	note	PROPN
cblr-2952	607	51	117	117	NUM
cblr-2952	607	52	,	,	PUNCT
cblr-2952	607	53	at	at	ADP
cblr-2952	607	54	i.	i.	PROPN
cblr-2952	607	55	135	135	NUM
cblr-2952	608	1	i	i	PROPN
cblr-2952	608	2	d.	d.	PROPN
cblr-2952	608	3	136	136	NUM
cblr-2952	608	4	see	see	VERB
cblr-2952	608	5	adviser	adviser	NOUN
cblr-2952	608	6	registration	registration	NOUN
cblr-2952	608	7	adopting	adopting	NOUN
cblr-2952	608	8	release	release	NOUN
cblr-2952	608	9	,	,	PUNCT
cblr-2952	608	10	supra	supra	PROPN
cblr-2952	608	11	note	note	NOUN
cblr-2952	608	12	128	128	NUM
cblr-2952	608	13	,	,	PUNCT
cblr-2952	608	14	87,316	87,316	NUM
cblr-2952	608	15	;	;	PUNCT
cblr-2952	608	16	see	see	VERB
cblr-2952	608	17	also	also	ADV
cblr-2952	608	18	dissent	dissent	NOUN
cblr-2952	608	19	of	of	ADP
cblr-2952	608	20	commissioners	commissioner	NOUN
cblr-2952	608	21	cynthia	cynthia	PROPN
cblr-2952	608	22	a.	a.	PROPN
cblr-2952	608	23	glassman	glassman	PROPN
cblr-2952	608	24	and	and	CCONJ
cblr-2952	608	25	paul	paul	PROPN
cblr-2952	608	26	s.	s.	PROPN
cblr-2952	608	27	atkins	atkins	PROPN
cblr-2952	608	28	,	,	PUNCT
cblr-2952	608	29	ia	ia	PROPN
cblr-2952	608	30	release	release	VERB
cblr-2952	608	31	no	no	NOUN
cblr-2952	608	32	.	.	NOUN
cblr-2952	609	1	2,333	2,333	NUM
cblr-2952	609	2	,	,	PUNCT
cblr-2952	609	3	[	[	X
cblr-2952	609	4	2004	2004	NUM
cblr-2952	609	5	-	-	SYM
cblr-2952	609	6	2005	2005	NUM
cblr-2952	609	7	transfer	transfer	NOUN
cblr-2952	609	8	binder	binder	NOUN
cblr-2952	609	9	]	]	PUNCT
cblr-2952	609	10	fed	fed	PROPN
cblr-2952	609	11	.	.	PUNCT
cblr-2952	610	1	sec	sec	PROPN
cblr-2952	610	2	.	.	PROPN
cblr-2952	610	3	l.	l.	PROPN
cblr-2952	610	4	rep	rep	PROPN
cblr-2952	610	5	.	.	PROPN
cblr-2952	610	6	(	(	PUNCT
cblr-2952	610	7	cch	cch	PROPN
cblr-2952	610	8	)	)	PUNCT
cblr-2952	610	9	87,316	87,316	NUM
cblr-2952	610	10	,	,	PUNCT
cblr-2952	610	11	at	at	ADP
cblr-2952	610	12	81,530	81,530	NUM
cblr-2952	610	13	(	(	PUNCT
cblr-2952	610	14	dec	dec	PROPN
cblr-2952	610	15	.	.	PROPN
cblr-2952	610	16	10	10	NUM
cblr-2952	610	17	,	,	PUNCT
cblr-2952	610	18	2004	2004	NUM
cblr-2952	610	19	)	)	PUNCT
cblr-2952	611	1	[	[	X
cblr-2952	611	2	hereinafter	hereinafter	NOUN
cblr-2952	611	3	adviser	adviser	NOUN
cblr-2952	611	4	registration	registration	NOUN
cblr-2952	611	5	dissent	dissent	NOUN
cblr-2952	611	6	]	]	X
cblr-2952	611	7	.	.	PUNCT
cblr-2952	612	1	for	for	ADP
cblr-2952	612	2	a	a	DET
cblr-2952	612	3	thorough	thorough	ADJ
cblr-2952	612	4	discussion	discussion	NOUN
cblr-2952	612	5	and	and	CCONJ
cblr-2952	612	6	analysis	analysis	NOUN
cblr-2952	612	7	of	of	ADP
cblr-2952	612	8	this	this	DET
cblr-2952	612	9	rulemaking	rulemaking	NOUN
cblr-2952	612	10	,	,	PUNCT
cblr-2952	612	11	see	see	VERB
cblr-2952	612	12	oesterle	oesterle	NOUN
cblr-2952	612	13	,	,	PUNCT
cblr-2952	612	14	supra	supra	NOUN
cblr-2952	612	15	note	note	NOUN
cblr-2952	612	16	90	90	NUM
cblr-2952	612	17	.	.	SYM
cblr-2952	612	18	137	137	NUM
cblr-2952	612	19	adviser	adviser	NOUN
cblr-2952	612	20	registration	registration	NOUN
cblr-2952	612	21	dissent	dissent	NOUN
cblr-2952	612	22	,	,	PUNCT
cblr-2952	612	23	supra	supra	PROPN
cblr-2952	612	24	note	note	VERB
cblr-2952	612	25	136	136	NUM
cblr-2952	613	1	$	$	SYM
cblr-2952	613	2	81,505	81,505	NUM
cblr-2952	613	3	-	-	SYM
cblr-2952	613	4	06	06	NUM
cblr-2952	613	5	.	.	PUNCT
cblr-2952	613	6	13	13	NUM
cblr-2952	613	7	it	it	PRON
cblr-2952	613	8	did	do	VERB
cblr-2952	613	9	so	so	ADV
cblr-2952	613	10	by	by	ADP
cblr-2952	613	11	excluding	exclude	VERB
cblr-2952	613	12	from	from	ADP
cblr-2952	613	13	the	the	DET
cblr-2952	613	14	definition	definition	NOUN
cblr-2952	613	15	of	of	ADP
cblr-2952	613	16	"	"	PUNCT
cblr-2952	613	17	private	private	ADJ
cblr-2952	613	18	fund	fund	NOUN
cblr-2952	613	19	"	"	PUNCT
cblr-2952	613	20	any	any	DET
cblr-2952	613	21	adviser	adviser	NOUN
cblr-2952	613	22	to	to	ADP
cblr-2952	613	23	a	a	DET
cblr-2952	613	24	fund	fund	NOUN
cblr-2952	613	25	that	that	PRON
cblr-2952	613	26	permitted	permit	VERB
cblr-2952	613	27	its	its	PRON
cblr-2952	613	28	investors	investor	NOUN
cblr-2952	613	29	to	to	PART
cblr-2952	613	30	redeem	redeem	VERB
cblr-2952	613	31	their	their	PRON
cblr-2952	613	32	ownership	ownership	NOUN
cblr-2952	613	33	interests	interest	NOUN
cblr-2952	613	34	in	in	ADP
cblr-2952	613	35	the	the	DET
cblr-2952	613	36	fund	fund	NOUN
cblr-2952	613	37	within	within	ADP
cblr-2952	613	38	two	two	NUM
cblr-2952	613	39	years	year	NOUN
cblr-2952	613	40	of	of	ADP
cblr-2952	613	41	the	the	DET
cblr-2952	613	42	initial	initial	ADJ
cblr-2952	613	43	investment	investment	NOUN
cblr-2952	613	44	.	.	PUNCT
cblr-2952	614	1	see	see	VERB
cblr-2952	614	2	i	i	PRON
cblr-2952	614	3	d.	d.	PROPN
cblr-2952	614	4	81,510	81,510	NUM
cblr-2952	614	5	-	-	SYM
cblr-2952	614	6	81,511	81,511	NUM
cblr-2952	614	7	.	.	PUNCT
cblr-2952	615	1	the	the	DET
cblr-2952	615	2	response	response	NOUN
cblr-2952	615	3	of	of	ADP
cblr-2952	615	4	many	many	ADJ
cblr-2952	615	5	hedge	hedge	NOUN
cblr-2952	615	6	fund	fund	NOUN
cblr-2952	615	7	advisers	adviser	NOUN
cblr-2952	615	8	to	to	ADP
cblr-2952	615	9	this	this	DET
cblr-2952	615	10	exemption	exemption	NOUN
cblr-2952	615	11	was	be	AUX
cblr-2952	615	12	to	to	PART
cblr-2952	615	13	simply	simply	ADV
cblr-2952	615	14	add	add	VERB
cblr-2952	615	15	two	two	NUM
cblr-2952	615	16	-	-	PUNCT
cblr-2952	615	17	year	year	NOUN
cblr-2952	615	18	lock	lock	NOUN
cblr-2952	615	19	-	-	PUNCT
cblr-2952	615	20	ups	up	NOUN
cblr-2952	615	21	to	to	PART
cblr-2952	615	22	avoid	avoid	VERB
cblr-2952	615	23	application	application	NOUN
cblr-2952	615	24	of	of	ADP
cblr-2952	615	25	this	this	DET
cblr-2952	615	26	new	new	ADJ
cblr-2952	615	27	rule	rule	NOUN
cblr-2952	615	28	.	.	PUNCT
cblr-2952	616	1	'	'	NUM
cblr-2952	616	2	39	39	NUM
cblr-2952	617	1	i	i	PRON
cblr-2952	617	2	d.	d.	PROPN
cblr-2952	617	3	81,514	81,514	NUM
cblr-2952	617	4	.	.	PUNCT
cblr-2952	618	1	212	212	NUM
cblr-2952	618	2	col	col	PROPN
cblr-2952	618	3	umbia	umbia	PROPN
cblr-2952	618	4	b	b	PROPN
cblr-2952	618	5	usiness	usiness	PROPN
cblr-2952	618	6	la	la	PROPN
cblr-2952	618	7	w	w	PROPN
cblr-2952	618	8	re	re	PROPN
cblr-2952	618	9	vie	vie	PROPN
cblr-2952	618	10	w	w	PROPN
cblr-2952	619	1	[	[	X
cblr-2952	619	2	vol	vol	NOUN
cblr-2952	619	3	.	.	NOUN
cblr-2952	619	4	2008	2008	NUM
cblr-2952	619	5	black	black	ADJ
cblr-2952	619	6	market	market	NOUN
cblr-2952	619	7	capital	capital	NOUN
cblr-2952	619	8	lating	late	VERB
cblr-2952	619	9	the	the	DET
cblr-2952	619	10	plain	plain	ADJ
cblr-2952	619	11	language	language	NOUN
cblr-2952	619	12	of	of	ADP
cblr-2952	619	13	the	the	DET
cblr-2952	619	14	statute	statute	NOUN
cblr-2952	619	15	,	,	PUNCT
cblr-2952	619	16	"	"	PUNCT
cblr-2952	619	17	and	and	CCONJ
cblr-2952	619	18	was	be	AUX
cblr-2952	619	19	"	"	PUNCT
cblr-2952	619	20	arbitrary	arbitrary	ADJ
cblr-2952	619	21	.	.	PUNCT
cblr-2952	619	22	"	"	PUNCT
cblr-2952	620	1	40	40	NUM
cblr-2952	620	2	in	in	ADP
cblr-2952	620	3	response	response	NOUN
cblr-2952	620	4	to	to	ADP
cblr-2952	620	5	the	the	DET
cblr-2952	620	6	d.c	d.c	PROPN
cblr-2952	620	7	.	.	PROPN
cblr-2952	620	8	circuit	circuit	PROPN
cblr-2952	620	9	decision	decision	NOUN
cblr-2952	620	10	,	,	PUNCT
cblr-2952	620	11	the	the	DET
cblr-2952	620	12	sec	sec	PROPN
cblr-2952	620	13	abandoned	abandon	VERB
cblr-2952	620	14	its	its	PRON
cblr-2952	620	15	attempt	attempt	NOUN
cblr-2952	620	16	to	to	PART
cblr-2952	620	17	require	require	VERB
cblr-2952	620	18	hedge	hedge	NOUN
cblr-2952	620	19	fund	fund	NOUN
cblr-2952	620	20	advisers	adviser	NOUN
cblr-2952	620	21	to	to	PART
cblr-2952	620	22	register	register	VERB
cblr-2952	620	23	under	under	ADP
cblr-2952	620	24	the	the	DET
cblr-2952	620	25	advisers	adviser	NOUN
cblr-2952	620	26	act	act	PROPN
cblr-2952	620	27	.	.	PUNCT
cblr-2952	621	1	instead	instead	ADV
cblr-2952	621	2	,	,	PUNCT
cblr-2952	621	3	in	in	ADP
cblr-2952	621	4	2006	2006	NUM
cblr-2952	621	5	the	the	DET
cblr-2952	621	6	sec	sec	PROPN
cblr-2952	621	7	proposed	propose	VERB
cblr-2952	621	8	to	to	PART
cblr-2952	621	9	further	far	ADV
cblr-2952	621	10	push	push	VERB
cblr-2952	621	11	hedge	hedge	NOUN
cblr-2952	621	12	funds	fund	NOUN
cblr-2952	621	13	into	into	ADP
cblr-2952	621	14	the	the	DET
cblr-2952	621	15	private	private	ADJ
cblr-2952	621	16	sphere	sphere	NOUN
cblr-2952	621	17	by	by	ADP
cblr-2952	621	18	tightening	tighten	VERB
cblr-2952	621	19	the	the	DET
cblr-2952	621	20	restrictions	restriction	NOUN
cblr-2952	621	21	on	on	ADP
cblr-2952	621	22	the	the	DET
cblr-2952	621	23	type	type	NOUN
cblr-2952	621	24	of	of	ADP
cblr-2952	621	25	investors	investor	NOUN
cblr-2952	621	26	who	who	PRON
cblr-2952	621	27	could	could	AUX
cblr-2952	621	28	invest	invest	VERB
cblr-2952	621	29	in	in	ADP
cblr-2952	621	30	hedge	hedge	NOUN
cblr-2952	621	31	funds	fund	NOUN
cblr-2952	621	32	.	.	PUNCT
cblr-2952	622	1	the	the	DET
cblr-2952	622	2	sec	sec	PROPN
cblr-2952	622	3	proposed	propose	VERB
cblr-2952	622	4	that	that	SCONJ
cblr-2952	622	5	the	the	DET
cblr-2952	622	6	definition	definition	NOUN
cblr-2952	622	7	of	of	ADP
cblr-2952	622	8	accredited	accredited	ADJ
cblr-2952	622	9	investor	investor	NOUN
cblr-2952	622	10	under	under	ADP
cblr-2952	622	11	regulation	regulation	NOUN
cblr-2952	622	12	d	d	AUX
cblr-2952	622	13	be	be	AUX
cblr-2952	622	14	amended	amend	VERB
cblr-2952	622	15	for	for	ADP
cblr-2952	622	16	"	"	PUNCT
cblr-2952	622	17	investment	investment	NOUN
cblr-2952	622	18	pools	pool	NOUN
cblr-2952	622	19	"	"	PUNCT
cblr-2952	622	20	(	(	PUNCT
cblr-2952	622	21	i.e.	i.e.	X
cblr-2952	622	22	,	,	PUNCT
cblr-2952	622	23	hedge	hedge	NOUN
cblr-2952	622	24	funds	fund	NOUN
cblr-2952	622	25	and	and	CCONJ
cblr-2952	622	26	private	private	ADJ
cblr-2952	622	27	equity	equity	NOUN
cblr-2952	622	28	)	)	PUNCT
cblr-2952	622	29	which	which	PRON
cblr-2952	622	30	rely	rely	VERB
cblr-2952	622	31	upon	upon	SCONJ
cblr-2952	622	32	the	the	DET
cblr-2952	622	33	rule	rule	NOUN
cblr-2952	622	34	3(c)(1	3(c)(1	NUM
cblr-2952	622	35	)	)	PUNCT
cblr-2952	622	36	exemption	exemption	NOUN
cblr-2952	622	37	from	from	ADP
cblr-2952	622	38	registration	registration	NOUN
cblr-2952	622	39	under	under	ADP
cblr-2952	622	40	the	the	DET
cblr-2952	622	41	investment	investment	NOUN
cblr-2952	622	42	company	company	NOUN
cblr-2952	622	43	act	act	VERB
cblr-2952	622	44	.	.	PUNCT
cblr-2952	623	1	"	"	PUNCT
cblr-2952	623	2	'	'	PUNCT
cblr-2952	623	3	previously	previously	ADV
cblr-2952	623	4	,	,	PUNCT
cblr-2952	623	5	an	an	DET
cblr-2952	623	6	investor	investor	NOUN
cblr-2952	623	7	need	need	AUX
cblr-2952	623	8	only	only	ADV
cblr-2952	623	9	have	have	AUX
cblr-2952	623	10	had	have	VERB
cblr-2952	623	11	an	an	DET
cblr-2952	623	12	aggregate	aggregate	ADJ
cblr-2952	623	13	net	net	ADJ
cblr-2952	623	14	worth	worth	NOUN
cblr-2952	623	15	of	of	ADP
cblr-2952	623	16	$	$	SYM
cblr-2952	623	17	1	1	NUM
cblr-2952	623	18	million	million	NUM
cblr-2952	623	19	,	,	PUNCT
cblr-2952	623	20	or	or	CCONJ
cblr-2952	623	21	an	an	DET
cblr-2952	623	22	individual	individual	ADJ
cblr-2952	623	23	income	income	NOUN
cblr-2952	623	24	that	that	PRON
cblr-2952	623	25	exceeded	exceed	VERB
cblr-2952	623	26	$	$	SYM
cblr-2952	623	27	200,000	200,000	NUM
cblr-2952	623	28	(	(	PUNCT
cblr-2952	623	29	or	or	CCONJ
cblr-2952	623	30	joint	joint	ADJ
cblr-2952	623	31	income	income	NOUN
cblr-2952	623	32	exceeding	exceed	VERB
cblr-2952	623	33	$	$	SYM
cblr-2952	623	34	300,000	300,000	NUM
cblr-2952	623	35	)	)	PUNCT
cblr-2952	623	36	in	in	ADP
cblr-2952	623	37	each	each	PRON
cblr-2952	623	38	of	of	ADP
cblr-2952	623	39	the	the	DET
cblr-2952	623	40	two	two	NUM
cblr-2952	623	41	most	most	ADV
cblr-2952	623	42	recent	recent	ADJ
cblr-2952	623	43	years	year	NOUN
cblr-2952	623	44	to	to	PART
cblr-2952	623	45	qualify	qualify	VERB
cblr-2952	623	46	as	as	ADP
cblr-2952	623	47	an	an	DET
cblr-2952	623	48	accredited	accredited	ADJ
cblr-2952	623	49	investor	investor	NOUN
cblr-2952	623	50	under	under	ADP
cblr-2952	623	51	regulation	regulation	NOUN
cblr-2952	623	52	d	d	NOUN
cblr-2952	623	53	,	,	PUNCT
cblr-2952	623	54	permitting	permit	VERB
cblr-2952	623	55	investment	investment	NOUN
cblr-2952	623	56	in	in	ADP
cblr-2952	623	57	a	a	DET
cblr-2952	623	58	rule	rule	NOUN
cblr-2952	623	59	3(c)(1	3(c)(1	NUM
cblr-2952	623	60	)	)	PUNCT
cblr-2952	623	61	hedge	hedge	NOUN
cblr-2952	623	62	fund	fund	NOUN
cblr-2952	623	63	or	or	CCONJ
cblr-2952	623	64	private	private	ADJ
cblr-2952	623	65	equity	equity	NOUN
cblr-2952	623	66	fund.42	fund.42	NOUN
cblr-2952	623	67	the	the	DET
cblr-2952	623	68	proposed	propose	VERB
cblr-2952	623	69	rule	rule	NOUN
cblr-2952	623	70	would	would	AUX
cblr-2952	623	71	raise	raise	VERB
cblr-2952	623	72	the	the	DET
cblr-2952	623	73	bar	bar	NOUN
cblr-2952	623	74	for	for	ADP
cblr-2952	623	75	investing	invest	VERB
cblr-2952	623	76	in	in	ADP
cblr-2952	623	77	hedge	hedge	NOUN
cblr-2952	623	78	funds	fund	NOUN
cblr-2952	623	79	and	and	CCONJ
cblr-2952	623	80	private	private	ADJ
cblr-2952	623	81	equity	equity	NOUN
cblr-2952	623	82	funds	fund	NOUN
cblr-2952	623	83	by	by	ADP
cblr-2952	623	84	revising	revise	VERB
cblr-2952	623	85	the	the	DET
cblr-2952	623	86	definition	definition	NOUN
cblr-2952	623	87	of	of	ADP
cblr-2952	623	88	accredited	accredited	ADJ
cblr-2952	623	89	investor	investor	NOUN
cblr-2952	623	90	such	such	DET
cblr-2952	623	91	that	that	SCONJ
cblr-2952	623	92	a	a	DET
cblr-2952	623	93	natural	natural	ADJ
cblr-2952	623	94	person	person	NOUN
cblr-2952	623	95	could	could	AUX
cblr-2952	623	96	qualify	qualify	VERB
cblr-2952	623	97	only	only	ADV
cblr-2952	623	98	if	if	SCONJ
cblr-2952	623	99	he	he	PRON
cblr-2952	623	100	or	or	CCONJ
cblr-2952	623	101	she	she	PRON
cblr-2952	623	102	met	meet	VERB
cblr-2952	623	103	the	the	DET
cblr-2952	623	104	previous	previous	ADJ
cblr-2952	623	105	tests	test	NOUN
cblr-2952	623	106	of	of	ADP
cblr-2952	623	107	net	net	ADJ
cblr-2952	623	108	worth	worth	NOUN
cblr-2952	623	109	or	or	CCONJ
cblr-2952	623	110	income	income	NOUN
cblr-2952	623	111	,	,	PUNCT
cblr-2952	623	112	and	and	CCONJ
cblr-2952	623	113	owned	own	VERB
cblr-2952	623	114	at	at	ADP
cblr-2952	623	115	least	least	ADV
cblr-2952	623	116	$	$	SYM
cblr-2952	623	117	2.5	2.5	NUM
cblr-2952	623	118	million	million	NUM
cblr-2952	623	119	in	in	ADP
cblr-2952	623	120	investments	investment	NOUN
cblr-2952	623	121	.	.	PUNCT
cblr-2952	624	1	140	140	NUM
cblr-2952	624	2	goldstein	goldstein	NOUN
cblr-2952	624	3	v.	v.	PROPN
cblr-2952	624	4	s.e.c	s.e.c	PROPN
cblr-2952	624	5	.	.	PUNCT
cblr-2952	624	6	,	,	PUNCT
cblr-2952	624	7	451	451	NUM
cblr-2952	624	8	f.3d	f.3d	NUM
cblr-2952	624	9	873	873	NUM
cblr-2952	624	10	,	,	PUNCT
cblr-2952	624	11	881	881	NUM
cblr-2952	624	12	(	(	PUNCT
cblr-2952	624	13	d.c	d.c	PROPN
cblr-2952	624	14	.	.	PROPN
cblr-2952	624	15	cir	cir	PROPN
cblr-2952	624	16	.	.	PUNCT
cblr-2952	624	17	2006	2006	NUM
cblr-2952	624	18	)	)	PUNCT
cblr-2952	624	19	.	.	PUNCT
cblr-2952	625	1	141	141	NUM
cblr-2952	625	2	see	see	VERB
cblr-2952	625	3	accredited	accredited	ADJ
cblr-2952	625	4	investor	investor	NOUN
cblr-2952	625	5	proposing	proposing	NOUN
cblr-2952	625	6	release	release	NOUN
cblr-2952	625	7	,	,	PUNCT
cblr-2952	625	8	supra	supra	PROPN
cblr-2952	625	9	note	note	NOUN
cblr-2952	625	10	13	13	NUM
cblr-2952	625	11	,	,	PUNCT
cblr-2952	625	12	at	at	ADP
cblr-2952	625	13	84,048	84,048	NUM
cblr-2952	625	14	.	.	PUNCT
cblr-2952	626	1	142	142	NUM
cblr-2952	626	2	individuals	individual	NOUN
cblr-2952	626	3	can	can	AUX
cblr-2952	626	4	also	also	ADV
cblr-2952	626	5	have	have	VERB
cblr-2952	626	6	joint	joint	ADJ
cblr-2952	626	7	income	income	NOUN
cblr-2952	626	8	with	with	ADP
cblr-2952	626	9	their	their	PRON
cblr-2952	626	10	spouses	spouse	NOUN
cblr-2952	626	11	in	in	ADP
cblr-2952	626	12	excess	excess	NOUN
cblr-2952	626	13	of	of	ADP
cblr-2952	626	14	$	$	SYM
cblr-2952	626	15	300,000	300,000	NUM
cblr-2952	626	16	to	to	PART
cblr-2952	626	17	qualify	qualify	VERB
cblr-2952	626	18	.	.	PUNCT
cblr-2952	627	1	an	an	DET
cblr-2952	627	2	individual	individual	NOUN
cblr-2952	627	3	must	must	AUX
cblr-2952	627	4	also	also	ADV
cblr-2952	627	5	have	have	VERB
cblr-2952	627	6	a	a	DET
cblr-2952	627	7	reasonable	reasonable	ADJ
cblr-2952	627	8	expectation	expectation	NOUN
cblr-2952	627	9	of	of	ADP
cblr-2952	627	10	reaching	reach	VERB
cblr-2952	627	11	the	the	DET
cblr-2952	627	12	same	same	ADJ
cblr-2952	627	13	income	income	NOUN
cblr-2952	627	14	level	level	NOUN
cblr-2952	627	15	in	in	ADP
cblr-2952	627	16	the	the	DET
cblr-2952	627	17	current	current	ADJ
cblr-2952	627	18	year	year	NOUN
cblr-2952	627	19	.	.	PUNCT
cblr-2952	628	1	17	17	NUM
cblr-2952	628	2	c.f.r	c.f.r	NOUN
cblr-2952	628	3	.	.	PUNCT
cblr-2952	629	1	§	§	PROPN
cblr-2952	629	2	230.501	230.501	NUM
cblr-2952	629	3	(	(	PUNCT
cblr-2952	629	4	2008	2008	NUM
cblr-2952	629	5	)	)	PUNCT
cblr-2952	629	6	.	.	PUNCT
cblr-2952	630	1	in	in	ADP
cblr-2952	630	2	addition	addition	NOUN
cblr-2952	630	3	to	to	ADP
cblr-2952	630	4	relying	rely	VERB
cblr-2952	630	5	upon	upon	SCONJ
cblr-2952	630	6	the	the	DET
cblr-2952	630	7	rule	rule	NOUN
cblr-2952	630	8	506	506	NUM
cblr-2952	630	9	offering	offer	VERB
cblr-2952	630	10	exemption	exemption	NOUN
cblr-2952	630	11	within	within	ADP
cblr-2952	630	12	regulation	regulation	NOUN
cblr-2952	630	13	d	d	NOUN
cblr-2952	630	14	,	,	PUNCT
cblr-2952	630	15	funds	fund	NOUN
cblr-2952	630	16	also	also	ADV
cblr-2952	630	17	sometimes	sometimes	ADV
cblr-2952	630	18	rely	rely	VERB
cblr-2952	630	19	upon	upon	SCONJ
cblr-2952	630	20	rule	rule	NOUN
cblr-2952	630	21	506	506	NUM
cblr-2952	630	22	's	's	PART
cblr-2952	630	23	statutory	statutory	ADJ
cblr-2952	630	24	foundation	foundation	NOUN
cblr-2952	630	25	,	,	PUNCT
cblr-2952	630	26	section	section	NOUN
cblr-2952	630	27	4(2	4(2	NUM
cblr-2952	630	28	)	)	PUNCT
cblr-2952	630	29	,	,	PUNCT
cblr-2952	630	30	for	for	ADP
cblr-2952	630	31	their	their	PRON
cblr-2952	630	32	securities	security	NOUN
cblr-2952	630	33	act	act	PROPN
cblr-2952	630	34	offering	offer	VERB
cblr-2952	630	35	exemption	exemption	NOUN
cblr-2952	630	36	.	.	PUNCT
cblr-2952	631	1	see	see	VERB
cblr-2952	631	2	generally	generally	ADV
cblr-2952	631	3	c.	c.	PROPN
cblr-2952	631	4	edward	edward	PROPN
cblr-2952	631	5	fletcher	fletcher	PROPN
cblr-2952	631	6	,	,	PUNCT
cblr-2952	631	7	iii	iii	PROPN
cblr-2952	631	8	,	,	PUNCT
cblr-2952	631	9	sophisticated	sophisticated	ADJ
cblr-2952	631	10	investors	investor	NOUN
cblr-2952	631	11	under	under	ADP
cblr-2952	631	12	the	the	DET
cblr-2952	631	13	federal	federal	ADJ
cblr-2952	631	14	securities	security	NOUN
cblr-2952	631	15	laws	law	NOUN
cblr-2952	631	16	,	,	PUNCT
cblr-2952	631	17	1988	1988	NUM
cblr-2952	631	18	duke	duke	PROPN
cblr-2952	631	19	l.j	l.j	PROPN
cblr-2952	631	20	.	.	PROPN
cblr-2952	631	21	1081	1081	NUM
cblr-2952	631	22	,	,	PUNCT
cblr-2952	631	23	1120	1120	NUM
cblr-2952	631	24	-	-	SYM
cblr-2952	631	25	26	26	NUM
cblr-2952	631	26	(	(	PUNCT
cblr-2952	631	27	discussing	discuss	VERB
cblr-2952	631	28	the	the	DET
cblr-2952	631	29	structure	structure	NOUN
cblr-2952	631	30	of	of	ADP
cblr-2952	631	31	securities	security	NOUN
cblr-2952	631	32	registration	registration	NOUN
cblr-2952	631	33	exemptions	exemption	NOUN
cblr-2952	631	34	)	)	PUNCT
cblr-2952	631	35	.	.	PUNCT
cblr-2952	632	1	the	the	DET
cblr-2952	632	2	sec	sec	PROPN
cblr-2952	632	3	is	be	AUX
cblr-2952	632	4	currently	currently	ADV
cblr-2952	632	5	considering	consider	VERB
cblr-2952	632	6	raising	raise	VERB
cblr-2952	632	7	these	these	DET
cblr-2952	632	8	investment	investment	NOUN
cblr-2952	632	9	thresholds	threshold	NOUN
cblr-2952	632	10	.	.	PUNCT
cblr-2952	633	1	see	see	VERB
cblr-2952	633	2	revisions	revision	NOUN
cblr-2952	633	3	of	of	ADP
cblr-2952	633	4	limited	limited	ADJ
cblr-2952	633	5	offering	offering	NOUN
cblr-2952	633	6	exemptions	exemption	NOUN
cblr-2952	633	7	in	in	ADP
cblr-2952	633	8	regulation	regulation	NOUN
cblr-2952	633	9	d	d	NOUN
cblr-2952	633	10	,	,	PUNCT
cblr-2952	633	11	release	release	VERB
cblr-2952	633	12	no	no	NOUN
cblr-2952	633	13	.	.	NOUN
cblr-2952	633	14	33	33	NUM
cblr-2952	633	15	-	-	SYM
cblr-2952	633	16	8828	8828	NUM
cblr-2952	633	17	,	,	PUNCT
cblr-2952	633	18	[	[	X
cblr-2952	633	19	2007	2007	NUM
cblr-2952	633	20	transfer	transfer	NOUN
cblr-2952	633	21	binder	binder	NOUN
cblr-2952	633	22	]	]	PUNCT
cblr-2952	633	23	fed	fed	PROPN
cblr-2952	633	24	.	.	PUNCT
cblr-2952	634	1	sec	sec	PROPN
cblr-2952	634	2	.	.	PROPN
cblr-2952	634	3	l.	l.	PROPN
cblr-2952	634	4	rep	rep	AUX
cblr-2952	634	5	.	.	PROPN
cblr-2952	634	6	(	(	PUNCT
cblr-2952	634	7	cch	cch	PROPN
cblr-2952	634	8	)	)	PUNCT
cblr-2952	634	9	87	87	NUM
cblr-2952	634	10	,	,	PUNCT
cblr-2952	634	11	939	939	NUM
cblr-2952	634	12	(	(	PUNCT
cblr-2952	634	13	aug	aug	PROPN
cblr-2952	634	14	.	.	PROPN
cblr-2952	634	15	3	3	NUM
cblr-2952	634	16	,	,	PUNCT
cblr-2952	634	17	2007	2007	NUM
cblr-2952	634	18	)	)	PUNCT
cblr-2952	634	19	143	143	NUM
cblr-2952	634	20	see	see	VERB
cblr-2952	634	21	accredited	accredited	ADJ
cblr-2952	634	22	investor	investor	NOUN
cblr-2952	634	23	proposing	proposing	NOUN
cblr-2952	634	24	release	release	NOUN
cblr-2952	634	25	,	,	PUNCT
cblr-2952	634	26	supra	supra	PROPN
cblr-2952	634	27	note	note	NOUN
cblr-2952	634	28	13	13	NUM
cblr-2952	634	29	,	,	PUNCT
cblr-2952	634	30	at	at	ADP
cblr-2952	634	31	84,048	84,048	NUM
cblr-2952	634	32	.	.	PUNCT
cblr-2952	635	1	the	the	DET
cblr-2952	635	2	sec	sec	PROPN
cblr-2952	635	3	also	also	ADV
cblr-2952	635	4	proposed	propose	VERB
cblr-2952	635	5	in	in	ADP
cblr-2952	635	6	this	this	DET
cblr-2952	635	7	release	release	NOUN
cblr-2952	635	8	a	a	DET
cblr-2952	635	9	new	new	ADJ
cblr-2952	635	10	antifraud	antifraud	NOUN
cblr-2952	635	11	rule	rule	NOUN
cblr-2952	635	12	under	under	ADP
cblr-2952	635	13	the	the	DET
cblr-2952	635	14	advisers	adviser	NOUN
cblr-2952	635	15	act	act	VERB
cblr-2952	635	16	to	to	PART
cblr-2952	635	17	clarify	clarify	VERB
cblr-2952	635	18	,	,	PUNCT
cblr-2952	635	19	in	in	ADP
cblr-2952	635	20	light	light	NOUN
cblr-2952	635	21	of	of	ADP
cblr-2952	635	22	the	the	DET
cblr-2952	635	23	goldstein	goldstein	PROPN
cblr-2952	635	24	decision	decision	NOUN
cblr-2952	635	25	,	,	PUNCT
cblr-2952	635	26	the	the	DET
cblr-2952	635	27	sec	sec	PROPN
cblr-2952	635	28	's	's	PART
cblr-2952	635	29	no	no	NOUN
cblr-2952	635	30	.	.	PUNCT
cblr-2952	635	31	1:!172	1:!172	NUM
cblr-2952	635	32	]	]	PUNCT
cblr-2952	635	33	this	this	DET
cblr-2952	635	34	recent	recent	ADJ
cblr-2952	635	35	sec	sec	PROPN
cblr-2952	635	36	regulatory	regulatory	ADJ
cblr-2952	635	37	focus	focus	NOUN
cblr-2952	635	38	on	on	ADP
cblr-2952	635	39	hedge	hedge	NOUN
cblr-2952	635	40	funds	fund	NOUN
cblr-2952	635	41	has	have	AUX
cblr-2952	635	42	been	be	AUX
cblr-2952	635	43	criticized	criticize	VERB
cblr-2952	635	44	as	as	ADP
cblr-2952	635	45	both	both	CCONJ
cblr-2952	635	46	schizophrenic	schizophrenic	ADJ
cblr-2952	635	47	and	and	CCONJ
cblr-2952	635	48	irrational	irrational	ADJ
cblr-2952	635	49	.	.	PUNCT
cblr-2952	635	50	"	"	PUNCT
cblr-2952	635	51	'	'	PUNCT
cblr-2952	635	52	in	in	ADP
cblr-2952	635	53	its	its	PRON
cblr-2952	635	54	first	first	ADJ
cblr-2952	635	55	regulatory	regulatory	ADJ
cblr-2952	635	56	foray	foray	NOUN
cblr-2952	635	57	,	,	PUNCT
cblr-2952	635	58	the	the	DET
cblr-2952	635	59	sec	sec	PROPN
cblr-2952	635	60	attempted	attempt	VERB
cblr-2952	635	61	to	to	PART
cblr-2952	635	62	address	address	VERB
cblr-2952	635	63	systemwide	systemwide	ADJ
cblr-2952	635	64	issues	issue	NOUN
cblr-2952	635	65	of	of	ADP
cblr-2952	635	66	risk	risk	NOUN
cblr-2952	635	67	and	and	CCONJ
cblr-2952	635	68	transparency	transparency	NOUN
cblr-2952	635	69	by	by	ADP
cblr-2952	635	70	requiring	require	VERB
cblr-2952	635	71	hedge	hedge	NOUN
cblr-2952	635	72	fund	fund	NOUN
cblr-2952	635	73	advisers	adviser	NOUN
cblr-2952	635	74	to	to	PART
cblr-2952	635	75	submit	submit	VERB
cblr-2952	635	76	to	to	ADP
cblr-2952	635	77	sec	sec	PROPN
cblr-2952	635	78	oversight	oversight	NOUN
cblr-2952	635	79	and	and	CCONJ
cblr-2952	635	80	regulation	regulation	NOUN
cblr-2952	635	81	by	by	ADP
cblr-2952	635	82	registering	register	VERB
cblr-2952	635	83	under	under	ADP
cblr-2952	635	84	the	the	DET
cblr-2952	635	85	advisers	adviser	NOUN
cblr-2952	635	86	act	act	PROPN
cblr-2952	635	87	.	.	PUNCT
cblr-2952	636	1	'45	'45	NUM
cblr-2952	636	2	however	however	ADV
cblr-2952	636	3	,	,	PUNCT
cblr-2952	636	4	systemic	systemic	ADJ
cblr-2952	636	5	risk	risk	NOUN
cblr-2952	636	6	issues	issue	NOUN
cblr-2952	636	7	are	be	AUX
cblr-2952	636	8	largely	largely	ADV
cblr-2952	636	9	the	the	DET
cblr-2952	636	10	regulatory	regulatory	ADJ
cblr-2952	636	11	purview	purview	NOUN
cblr-2952	636	12	of	of	ADP
cblr-2952	636	13	the	the	DET
cblr-2952	636	14	treasury	treasury	PROPN
cblr-2952	636	15	and	and	CCONJ
cblr-2952	636	16	federal	federal	PROPN
cblr-2952	636	17	reserve	reserve	PROPN
cblr-2952	636	18	.	.	PUNCT
cblr-2952	637	1	both	both	PRON
cblr-2952	637	2	notably	notably	ADV
cblr-2952	637	3	opposed	oppose	VERB
cblr-2952	637	4	the	the	DET
cblr-2952	637	5	sec	sec	PROPN
cblr-2952	637	6	's	's	PART
cblr-2952	637	7	proposed	propose	VERB
cblr-2952	637	8	regulation	regulation	NOUN
cblr-2952	637	9	.	.	PUNCT
cblr-2952	638	1	'46	'46	NUM
cblr-2952	638	2	moreover	moreover	ADV
cblr-2952	638	3	,	,	PUNCT
cblr-2952	638	4	the	the	DET
cblr-2952	638	5	registration	registration	NOUN
cblr-2952	638	6	requirements	requirement	NOUN
cblr-2952	638	7	the	the	DET
cblr-2952	638	8	sec	sec	PROPN
cblr-2952	638	9	sought	seek	VERB
cblr-2952	638	10	to	to	PART
cblr-2952	638	11	impose	impose	VERB
cblr-2952	638	12	were	be	AUX
cblr-2952	638	13	equivalent	equivalent	ADJ
cblr-2952	638	14	to	to	ADP
cblr-2952	638	15	commodity	commodity	NOUN
cblr-2952	638	16	futures	future	NOUN
cblr-2952	638	17	trading	trading	NOUN
cblr-2952	638	18	commission	commission	NOUN
cblr-2952	638	19	regulations	regulation	NOUN
cblr-2952	638	20	at	at	ADP
cblr-2952	638	21	the	the	DET
cblr-2952	638	22	time	time	NOUN
cblr-2952	638	23	applicable	applicable	ADJ
cblr-2952	638	24	to	to	ADP
cblr-2952	638	25	a	a	DET
cblr-2952	638	26	majority	majority	NOUN
cblr-2952	638	27	of	of	ADP
cblr-2952	638	28	hedge	hedge	NOUN
cblr-2952	638	29	funds	fund	NOUN
cblr-2952	638	30	.	.	PUNCT
cblr-2952	639	1	'47	'47	PROPN
cblr-2952	639	2	ability	ability	NOUN
cblr-2952	639	3	to	to	PART
cblr-2952	639	4	bring	bring	VERB
cblr-2952	639	5	enforcement	enforcement	NOUN
cblr-2952	639	6	actions	action	NOUN
cblr-2952	639	7	under	under	ADP
cblr-2952	639	8	the	the	DET
cblr-2952	639	9	advisers	adviser	NOUN
cblr-2952	639	10	act	act	VERB
cblr-2952	639	11	against	against	ADP
cblr-2952	639	12	investment	investment	NOUN
cblr-2952	639	13	advisers	adviser	NOUN
cblr-2952	639	14	who	who	PRON
cblr-2952	639	15	defraud	defraud	VERB
cblr-2952	639	16	investors	investor	NOUN
cblr-2952	639	17	or	or	CCONJ
cblr-2952	639	18	prospective	prospective	ADJ
cblr-2952	639	19	investors	investor	NOUN
cblr-2952	639	20	in	in	ADP
cblr-2952	639	21	a	a	DET
cblr-2952	639	22	hedge	hedge	NOUN
cblr-2952	639	23	fund	fund	NOUN
cblr-2952	639	24	or	or	CCONJ
cblr-2952	639	25	other	other	ADJ
cblr-2952	639	26	pooled	pool	VERB
cblr-2952	639	27	investment	investment	NOUN
cblr-2952	639	28	vehicle	vehicle	NOUN
cblr-2952	639	29	.	.	PUNCT
cblr-2952	640	1	i	i	PRON
cblr-2952	640	2	d.	d.	PROPN
cblr-2952	640	3	at	at	ADP
cblr-2952	640	4	84,042	84,042	NUM
cblr-2952	640	5	-	-	SYM
cblr-2952	640	6	84,043	84,043	NUM
cblr-2952	640	7	.	.	PUNCT
cblr-2952	641	1	the	the	DET
cblr-2952	641	2	sec	sec	PROPN
cblr-2952	641	3	adopted	adopt	VERB
cblr-2952	641	4	this	this	DET
cblr-2952	641	5	rule	rule	NOUN
cblr-2952	641	6	on	on	ADP
cblr-2952	641	7	july	july	PROPN
cblr-2952	641	8	11	11	NUM
cblr-2952	641	9	,	,	PUNCT
cblr-2952	641	10	2007	2007	NUM
cblr-2952	641	11	.	.	PUNCT
cblr-2952	642	1	prohibition	prohibition	NOUN
cblr-2952	642	2	of	of	ADP
cblr-2952	642	3	fraud	fraud	NOUN
cblr-2952	642	4	by	by	ADP
cblr-2952	642	5	advisers	adviser	NOUN
cblr-2952	642	6	to	to	ADP
cblr-2952	642	7	certain	certain	ADJ
cblr-2952	642	8	pooled	pool	VERB
cblr-2952	642	9	investment	investment	NOUN
cblr-2952	642	10	vehicles	vehicle	NOUN
cblr-2952	642	11	,	,	PUNCT
cblr-2952	642	12	ia	ia	PROPN
cblr-2952	642	13	release	release	VERB
cblr-2952	642	14	no	no	NOUN
cblr-2952	642	15	.	.	NOUN
cblr-2952	642	16	2628	2628	NUM
cblr-2952	642	17	,	,	PUNCT
cblr-2952	642	18	[	[	X
cblr-2952	642	19	2007	2007	NUM
cblr-2952	642	20	transfer	transfer	NOUN
cblr-2952	642	21	binder	binder	NOUN
cblr-2952	642	22	]	]	PUNCT
cblr-2952	642	23	fed	fed	PROPN
cblr-2952	642	24	.	.	PUNCT
cblr-2952	643	1	sec	sec	PROPN
cblr-2952	643	2	.	.	PROPN
cblr-2952	643	3	l.	l.	PROPN
cblr-2952	643	4	rep	rep	PROPN
cblr-2952	643	5	.	.	PROPN
cblr-2952	643	6	(	(	PUNCT
cblr-2952	643	7	cch	cch	PROPN
cblr-2952	643	8	)	)	PUNCT
cblr-2952	643	9	87	87	NUM
cblr-2952	643	10	,	,	PUNCT
cblr-2952	643	11	937	937	NUM
cblr-2952	643	12	(	(	PUNCT
cblr-2952	643	13	aug	aug	PROPN
cblr-2952	643	14	.	.	PROPN
cblr-2952	643	15	3	3	NUM
cblr-2952	643	16	,	,	PUNCT
cblr-2952	643	17	2007	2007	NUM
cblr-2952	643	18	)	)	PUNCT
cblr-2952	643	19	.	.	PUNCT
cblr-2952	644	1	see	see	VERB
cblr-2952	644	2	generally	generally	ADV
cblr-2952	644	3	troy	troy	PROPN
cblr-2952	644	4	a.	a.	PROPN
cblr-2952	644	5	paredes	paredes	PROPN
cblr-2952	644	6	,	,	PUNCT
cblr-2952	644	7	hedge	hedge	NOUN
cblr-2952	644	8	funds	fund	NOUN
cblr-2952	644	9	and	and	CCONJ
cblr-2952	644	10	the	the	DET
cblr-2952	644	11	sec	sec	PROPN
cblr-2952	644	12	:	:	PUNCT
cblr-2952	644	13	observations	observation	NOUN
cblr-2952	644	14	on	on	ADP
cblr-2952	644	15	the	the	DET
cblr-2952	644	16	how	how	SCONJ
cblr-2952	644	17	and	and	CCONJ
cblr-2952	644	18	why	why	SCONJ
cblr-2952	644	19	of	of	ADP
cblr-2952	644	20	securities	security	NOUN
cblr-2952	644	21	regulation	regulation	NOUN
cblr-2952	644	22	(	(	PUNCT
cblr-2952	644	23	forthcoming	forthcoming	ADJ
cblr-2952	644	24	2008	2008	NUM
cblr-2952	644	25	)	)	PUNCT
cblr-2952	644	26	,	,	PUNCT
cblr-2952	644	27	http://ssrn.com/abstract=984450	http://ssrn.com/abstract=984450	PROPN
cblr-2952	644	28	(	(	PUNCT
cblr-2952	644	29	last	last	ADJ
cblr-2952	644	30	visited	visit	VERB
cblr-2952	644	31	jan	jan	PROPN
cblr-2952	644	32	.	.	PROPN
cblr-2952	644	33	16	16	NUM
cblr-2952	644	34	,	,	PUNCT
cblr-2952	644	35	2008	2008	NUM
cblr-2952	644	36	)	)	PUNCT
cblr-2952	644	37	.	.	PUNCT
cblr-2952	645	1	145	145	NUM
cblr-2952	645	2	the	the	DET
cblr-2952	645	3	sec	sec	PROPN
cblr-2952	645	4	relied	rely	VERB
cblr-2952	645	5	heavily	heavily	ADV
cblr-2952	645	6	on	on	ADP
cblr-2952	645	7	the	the	DET
cblr-2952	645	8	possibility	possibility	NOUN
cblr-2952	645	9	of	of	ADP
cblr-2952	645	10	hedge	hedge	NOUN
cblr-2952	645	11	fund	fund	NOUN
cblr-2952	645	12	adviser	adviser	NOUN
cblr-2952	645	13	fraud	fraud	NOUN
cblr-2952	645	14	to	to	PART
cblr-2952	645	15	justify	justify	VERB
cblr-2952	645	16	its	its	PRON
cblr-2952	645	17	adviser	adviser	NOUN
cblr-2952	645	18	registration	registration	NOUN
cblr-2952	645	19	rule	rule	NOUN
cblr-2952	645	20	.	.	PUNCT
cblr-2952	646	1	however	however	ADV
cblr-2952	646	2	,	,	PUNCT
cblr-2952	646	3	the	the	DET
cblr-2952	646	4	sec	sec	PROPN
cblr-2952	646	5	was	be	AUX
cblr-2952	646	6	only	only	ADV
cblr-2952	646	7	able	able	ADJ
cblr-2952	646	8	to	to	PART
cblr-2952	646	9	cite	cite	VERB
cblr-2952	646	10	fifty	fifty	NUM
cblr-2952	646	11	-	-	PUNCT
cblr-2952	646	12	one	one	NUM
cblr-2952	646	13	enforcement	enforcement	NOUN
cblr-2952	646	14	actions	action	NOUN
cblr-2952	646	15	for	for	ADP
cblr-2952	646	16	hedge	hedge	NOUN
cblr-2952	646	17	fund	fund	NOUN
cblr-2952	646	18	adviser	adviser	NOUN
cblr-2952	646	19	misconduct	misconduct	NOUN
cblr-2952	646	20	.	.	PUNCT
cblr-2952	647	1	see	see	VERB
cblr-2952	647	2	adviser	adviser	NOUN
cblr-2952	647	3	registration	registration	NOUN
cblr-2952	647	4	adopting	adopting	NOUN
cblr-2952	647	5	release	release	NOUN
cblr-2952	647	6	.	.	PUNCT
cblr-2952	648	1	supra	supra	PROPN
cblr-2952	648	2	note	note	PROPN
cblr-2952	648	3	128	128	NUM
cblr-2952	648	4	,	,	PUNCT
cblr-2952	648	5	at	at	ADP
cblr-2952	648	6	81,494	81,494	NUM
cblr-2952	648	7	.	.	PUNCT
cblr-2952	649	1	in	in	ADP
cblr-2952	649	2	2003	2003	NUM
cblr-2952	649	3	,	,	PUNCT
cblr-2952	649	4	the	the	DET
cblr-2952	649	5	year	year	NOUN
cblr-2952	649	6	before	before	ADP
cblr-2952	649	7	adoption	adoption	NOUN
cblr-2952	649	8	of	of	ADP
cblr-2952	649	9	the	the	DET
cblr-2952	649	10	rule	rule	NOUN
cblr-2952	649	11	only	only	ADV
cblr-2952	649	12	three	three	NUM
cblr-2952	649	13	percent	percent	NOUN
cblr-2952	649	14	of	of	ADP
cblr-2952	649	15	combined	combined	ADJ
cblr-2952	649	16	cftc	cftc	PROPN
cblr-2952	649	17	and	and	CCONJ
cblr-2952	649	18	sec	sec	PROPN
cblr-2952	649	19	enforcement	enforcement	NOUN
cblr-2952	649	20	actions	action	NOUN
cblr-2952	649	21	were	be	AUX
cblr-2952	649	22	against	against	ADP
cblr-2952	649	23	hedge	hedge	NOUN
cblr-2952	649	24	fund	fund	NOUN
cblr-2952	649	25	advisers	adviser	NOUN
cblr-2952	649	26	.	.	PUNCT
cblr-2952	650	1	see	see	VERB
cblr-2952	650	2	testimony	testimony	NOUN
cblr-2952	650	3	of	of	ADP
cblr-2952	650	4	patrick	patrick	PROPN
cblr-2952	650	5	j.	j.	PROPN
cblr-2952	650	6	mccarty	mccarty	PROPN
cblr-2952	650	7	,	,	PUNCT
cblr-2952	650	8	general	general	ADJ
cblr-2952	650	9	counsel	counsel	NOUN
cblr-2952	650	10	of	of	ADP
cblr-2952	650	11	the	the	DET
cblr-2952	650	12	cftc	cftc	PROPN
cblr-2952	650	13	,	,	PUNCT
cblr-2952	650	14	before	before	ADP
cblr-2952	650	15	the	the	DET
cblr-2952	650	16	u.s	u.s	PROPN
cblr-2952	650	17	.	.	PROPN
cblr-2952	650	18	senate	senate	PROPN
cblr-2952	650	19	committee	committee	PROPN
cblr-2952	650	20	on	on	ADP
cblr-2952	650	21	banking	banking	NOUN
cblr-2952	650	22	,	,	PUNCT
cblr-2952	650	23	housing	housing	NOUN
cblr-2952	650	24	and	and	CCONJ
cblr-2952	650	25	urban	urban	PROPN
cblr-2952	650	26	affairs	affair	NOUN
cblr-2952	650	27	,	,	PUNCT
cblr-2952	650	28	1	1	NUM
cblr-2952	650	29	(	(	PUNCT
cblr-2952	650	30	july	july	PROPN
cblr-2952	650	31	15	15	NUM
cblr-2952	650	32	,	,	PUNCT
cblr-2952	650	33	2004	2004	NUM
cblr-2952	650	34	)	)	PUNCT
cblr-2952	650	35	,	,	PUNCT
cblr-2952	650	36	http://banking.senate.govlfiles/mccarty.pdf	http://banking.senate.govlfiles/mccarty.pdf	PROPN
cblr-2952	650	37	(	(	PUNCT
cblr-2952	650	38	last	last	ADJ
cblr-2952	650	39	visited	visit	VERB
cblr-2952	650	40	feb	feb	PROPN
cblr-2952	650	41	.	.	PROPN
cblr-2952	650	42	4	4	NUM
cblr-2952	650	43	,	,	PUNCT
cblr-2952	650	44	2008	2008	NUM
cblr-2952	650	45	)	)	PUNCT
cblr-2952	650	46	.	.	PUNCT
cblr-2952	651	1	1'4	1'4	NUM
cblr-2952	651	2	see	see	VERB
cblr-2952	651	3	adviser	adviser	NOUN
cblr-2952	651	4	registration	registration	NOUN
cblr-2952	651	5	adopting	adopting	NOUN
cblr-2952	651	6	release	release	NOUN
cblr-2952	651	7	.	.	PUNCT
cblr-2952	652	1	supra	supra	PROPN
cblr-2952	652	2	note	note	PROPN
cblr-2952	652	3	128	128	NUM
cblr-2952	652	4	,	,	PUNCT
cblr-2952	652	5	at	at	ADP
cblr-2952	652	6	81,494	81,494	NUM
cblr-2952	652	7	n.10	n.10	ADP
cblr-2952	652	8	.	.	PUNCT
cblr-2952	653	1	the	the	DET
cblr-2952	653	2	sec	sec	PROPN
cblr-2952	653	3	has	have	AUX
cblr-2952	653	4	skirted	skirt	VERB
cblr-2952	653	5	this	this	DET
cblr-2952	653	6	bar	bar	NOUN
cblr-2952	653	7	by	by	ADP
cblr-2952	653	8	arguing	argue	VERB
cblr-2952	653	9	that	that	SCONJ
cblr-2952	653	10	small	small	ADJ
cblr-2952	653	11	investors	investor	NOUN
cblr-2952	653	12	are	be	AUX
cblr-2952	653	13	now	now	ADV
cblr-2952	653	14	widely	widely	ADV
cblr-2952	653	15	invested	invest	VERB
cblr-2952	653	16	in	in	ADP
cblr-2952	653	17	hedge	hedge	NOUN
cblr-2952	653	18	funds	fund	NOUN
cblr-2952	653	19	through	through	ADP
cblr-2952	653	20	intermediaries	intermediary	NOUN
cblr-2952	653	21	such	such	ADJ
cblr-2952	653	22	as	as	ADP
cblr-2952	653	23	pension	pension	NOUN
cblr-2952	653	24	funds	fund	NOUN
cblr-2952	653	25	,	,	PUNCT
cblr-2952	653	26	justifying	justify	VERB
cblr-2952	653	27	its	its	PRON
cblr-2952	653	28	regulatory	regulatory	ADJ
cblr-2952	653	29	jurisdiction	jurisdiction	NOUN
cblr-2952	653	30	.	.	PUNCT
cblr-2952	654	1	see	see	VERB
cblr-2952	654	2	speech	speech	NOUN
cblr-2952	654	3	by	by	ADP
cblr-2952	654	4	sec	sec	PROPN
cblr-2952	654	5	chairman	chairman	NOUN
cblr-2952	654	6	:	:	PUNCT
cblr-2952	654	7	remarks	remark	NOUN
cblr-2952	654	8	before	before	ADP
cblr-2952	654	9	the	the	DET
cblr-2952	654	10	investment	investment	NOUN
cblr-2952	654	11	counsel	counsel	NOUN
cblr-2952	654	12	association	association	PROPN
cblr-2952	654	13	of	of	ADP
cblr-2952	654	14	america	america	PROPN
cblr-2952	654	15	(	(	PUNCT
cblr-2952	654	16	apr	apr	PROPN
cblr-2952	654	17	.	.	PROPN
cblr-2952	654	18	22	22	NUM
cblr-2952	654	19	,	,	PUNCT
cblr-2952	654	20	2004	2004	NUM
cblr-2952	654	21	)	)	PUNCT
cblr-2952	654	22	,	,	PUNCT
cblr-2952	654	23	http://www.sec.gov/news/speech/	http://www.sec.gov/news/speech/	PROPN
cblr-2952	654	24	spch042204whdohtm	spch042204whdohtm	PROPN
cblr-2952	654	25	(	(	PUNCT
cblr-2952	654	26	last	last	ADJ
cblr-2952	654	27	visited	visit	VERB
cblr-2952	654	28	feb	feb	PROPN
cblr-2952	654	29	.	.	PROPN
cblr-2952	654	30	4	4	NUM
cblr-2952	654	31	,	,	PUNCT
cblr-2952	654	32	2008	2008	NUM
cblr-2952	654	33	)	)	PUNCT
cblr-2952	654	34	.	.	PUNCT
cblr-2952	655	1	141	141	NUM
cblr-2952	655	2	see	see	VERB
cblr-2952	655	3	adviser	adviser	NOUN
cblr-2952	655	4	registration	registration	NOUN
cblr-2952	655	5	dissent	dissent	NOUN
cblr-2952	655	6	,	,	PUNCT
cblr-2952	655	7	supra	supra	PROPN
cblr-2952	655	8	note	note	NOUN
cblr-2952	655	9	136	136	NUM
cblr-2952	655	10	,	,	PUNCT
cblr-2952	655	11	at	at	ADP
cblr-2952	655	12	81,531	81,531	NUM
cblr-2952	655	13	-	-	SYM
cblr-2952	655	14	32	32	NUM
cblr-2952	655	15	.	.	PUNCT
cblr-2952	656	1	the	the	DET
cblr-2952	656	2	cftc	cftc	PROPN
cblr-2952	656	3	raised	raise	VERB
cblr-2952	656	4	strong	strong	ADJ
cblr-2952	656	5	concerns	concern	NOUN
cblr-2952	656	6	with	with	ADP
cblr-2952	656	7	the	the	DET
cblr-2952	656	8	sec	sec	PROPN
cblr-2952	656	9	's	's	PART
cblr-2952	656	10	proposed	propose	VERB
cblr-2952	656	11	rule	rule	NOUN
cblr-2952	656	12	on	on	ADP
cblr-2952	656	13	this	this	DET
cblr-2952	656	14	and	and	CCONJ
cblr-2952	656	15	other	other	ADJ
cblr-2952	656	16	grounds	ground	NOUN
cblr-2952	656	17	.	.	PUNCT
cblr-2952	657	1	see	see	VERB
cblr-2952	657	2	comment	comment	NOUN
cblr-2952	657	3	letter	letter	NOUN
cblr-2952	657	4	of	of	ADP
cblr-2952	657	5	the	the	DET
cblr-2952	657	6	cftc	cftc	PROPN
cblr-2952	657	7	(	(	PUNCT
cblr-2952	657	8	oct	oct	PROPN
cblr-2952	657	9	.	.	PROPN
cblr-2952	657	10	22	22	NUM
cblr-2952	657	11	,	,	PUNCT
cblr-2952	657	12	2004	2004	NUM
cblr-2952	657	13	)	)	PUNCT
cblr-2952	657	14	,	,	PUNCT
cblr-2952	657	15	http://www.sec.gov/rules/proposed/s73004/sbhruska102204.pdf	http://www.sec.gov/rules/proposed/s73004/sbhruska102204.pdf	X
cblr-2952	657	16	(	(	PUNCT
cblr-2952	657	17	last	last	ADJ
cblr-2952	657	18	visited	visit	VERB
cblr-2952	657	19	feb	feb	PROPN
cblr-2952	657	20	.	.	PROPN
cblr-2952	657	21	4	4	NUM
cblr-2952	657	22	,	,	PUNCT
cblr-2952	657	23	2008	2008	NUM
cblr-2952	657	24	)	)	PUNCT
cblr-2952	657	25	.	.	PUNCT
cblr-2952	658	1	columbia	columbia	PROPN
cblr-2952	658	2	business	business	PROPN
cblr-2952	658	3	la	la	PROPN
cblr-2952	658	4	w	w	PROPN
cblr-2952	658	5	re	re	PROPN
cblr-2952	658	6	vie	vie	PROPN
cblr-2952	658	7	w	w	PROPN
cblr-2952	659	1	[	[	X
cblr-2952	659	2	vol	vol	NOUN
cblr-2952	659	3	.	.	NOUN
cblr-2952	659	4	2008	2008	NUM
cblr-2952	659	5	black	black	ADJ
cblr-2952	659	6	market	market	NOUN
cblr-2952	659	7	capital	capital	NOUN
cblr-2952	659	8	the	the	DET
cblr-2952	659	9	sec	sec	PROPN
cblr-2952	659	10	then	then	ADV
cblr-2952	659	11	abandoned	abandon	VERB
cblr-2952	659	12	these	these	DET
cblr-2952	659	13	concerns	concern	NOUN
cblr-2952	659	14	in	in	ADP
cblr-2952	659	15	its	its	PRON
cblr-2952	659	16	latest	late	ADJ
cblr-2952	659	17	rule	rule	NOUN
cblr-2952	659	18	proposals	proposal	NOUN
cblr-2952	659	19	,	,	PUNCT
cblr-2952	659	20	instead	instead	ADV
cblr-2952	659	21	shifting	shift	VERB
cblr-2952	659	22	its	its	PRON
cblr-2952	659	23	regulatory	regulatory	ADJ
cblr-2952	659	24	focus	focus	NOUN
cblr-2952	659	25	to	to	ADP
cblr-2952	659	26	protection	protection	NOUN
cblr-2952	659	27	of	of	ADP
cblr-2952	659	28	investors	investor	NOUN
cblr-2952	659	29	.	.	PUNCT
cblr-2952	659	30	'	'	PUNCT
cblr-2952	660	1	8	8	NUM
cblr-2952	660	2	yet	yet	ADV
cblr-2952	660	3	the	the	DET
cblr-2952	660	4	rationale	rationale	NOUN
cblr-2952	660	5	of	of	ADP
cblr-2952	660	6	this	this	DET
cblr-2952	660	7	tactical	tactical	ADJ
cblr-2952	660	8	change	change	NOUN
cblr-2952	660	9	is	be	AUX
cblr-2952	660	10	equally	equally	ADV
cblr-2952	660	11	puzzling	puzzling	ADJ
cblr-2952	660	12	.	.	PUNCT
cblr-2952	661	1	to	to	PART
cblr-2952	661	2	justify	justify	VERB
cblr-2952	661	3	placing	place	VERB
cblr-2952	661	4	hedge	hedge	NOUN
cblr-2952	661	5	funds	fund	NOUN
cblr-2952	661	6	further	far	ADV
cblr-2952	661	7	off	off	ADP
cblr-2952	661	8	limits	limit	NOUN
cblr-2952	661	9	to	to	ADP
cblr-2952	661	10	investors	investor	NOUN
cblr-2952	661	11	,	,	PUNCT
cblr-2952	661	12	the	the	DET
cblr-2952	661	13	sec	sec	PROPN
cblr-2952	661	14	asserted	assert	VERB
cblr-2952	661	15	:	:	PUNCT
cblr-2952	661	16	not	not	PART
cblr-2952	661	17	only	only	ADV
cblr-2952	661	18	do	do	AUX
cblr-2952	661	19	private	private	ADJ
cblr-2952	661	20	pools	pool	NOUN
cblr-2952	661	21	often	often	ADV
cblr-2952	661	22	use	use	VERB
cblr-2952	661	23	complicated	complicated	ADJ
cblr-2952	661	24	investment	investment	NOUN
cblr-2952	661	25	strategies	strategy	NOUN
cblr-2952	661	26	,	,	PUNCT
cblr-2952	661	27	but	but	CCONJ
cblr-2952	661	28	there	there	PRON
cblr-2952	661	29	is	be	VERB
cblr-2952	661	30	minimal	minimal	ADJ
cblr-2952	661	31	information	information	NOUN
cblr-2952	661	32	available	available	ADJ
cblr-2952	661	33	about	about	ADP
cblr-2952	661	34	them	they	PRON
cblr-2952	661	35	in	in	ADP
cblr-2952	661	36	the	the	DET
cblr-2952	661	37	public	public	ADJ
cblr-2952	661	38	domain	domain	NOUN
cblr-2952	661	39	.	.	PUNCT
cblr-2952	662	1	accordingly	accordingly	ADV
cblr-2952	662	2	,	,	PUNCT
cblr-2952	662	3	investors	investor	NOUN
cblr-2952	662	4	may	may	AUX
cblr-2952	662	5	not	not	PART
cblr-2952	662	6	have	have	VERB
cblr-2952	662	7	access	access	NOUN
cblr-2952	662	8	to	to	ADP
cblr-2952	662	9	the	the	DET
cblr-2952	662	10	kind	kind	NOUN
cblr-2952	662	11	of	of	ADP
cblr-2952	662	12	information	information	NOUN
cblr-2952	662	13	provided	provide	VERB
cblr-2952	662	14	through	through	ADP
cblr-2952	662	15	our	our	PRON
cblr-2952	662	16	system	system	NOUN
cblr-2952	662	17	of	of	ADP
cblr-2952	662	18	securities	security	NOUN
cblr-2952	662	19	registration	registration	NOUN
cblr-2952	662	20	and	and	CCONJ
cblr-2952	662	21	therefore	therefore	ADV
cblr-2952	662	22	may	may	AUX
cblr-2952	662	23	find	find	VERB
cblr-2952	662	24	it	it	PRON
cblr-2952	662	25	difficult	difficult	ADJ
cblr-2952	662	26	to	to	PART
cblr-2952	662	27	appreciate	appreciate	VERB
cblr-2952	662	28	the	the	DET
cblr-2952	662	29	unique	unique	ADJ
cblr-2952	662	30	risks	risk	NOUN
cblr-2952	662	31	of	of	ADP
cblr-2952	662	32	these	these	DET
cblr-2952	662	33	pools	pool	NOUN
cblr-2952	662	34	....	....	PUNCT
cblr-2952	663	1	149	149	NUM
cblr-2952	663	2	nowhere	nowhere	ADV
cblr-2952	663	3	did	do	AUX
cblr-2952	663	4	the	the	DET
cblr-2952	663	5	sec	sec	PROPN
cblr-2952	663	6	cite	cite	VERB
cblr-2952	663	7	a	a	DET
cblr-2952	663	8	single	single	ADJ
cblr-2952	663	9	financial	financial	ADJ
cblr-2952	663	10	or	or	CCONJ
cblr-2952	663	11	academic	academic	ADJ
cblr-2952	663	12	study	study	NOUN
cblr-2952	663	13	about	about	ADP
cblr-2952	663	14	the	the	DET
cblr-2952	663	15	problems	problem	NOUN
cblr-2952	663	16	or	or	CCONJ
cblr-2952	663	17	financial	financial	ADJ
cblr-2952	663	18	benefits	benefit	NOUN
cblr-2952	663	19	of	of	ADP
cblr-2952	663	20	hedge	hedge	NOUN
cblr-2952	663	21	funds	fund	NOUN
cblr-2952	663	22	to	to	PART
cblr-2952	663	23	justify	justify	VERB
cblr-2952	663	24	this	this	DET
cblr-2952	663	25	statement	statement	NOUN
cblr-2952	663	26	or	or	CCONJ
cblr-2952	663	27	,	,	PUNCT
cblr-2952	663	28	indeed	indeed	ADV
cblr-2952	663	29	,	,	PUNCT
cblr-2952	663	30	the	the	DET
cblr-2952	663	31	rule	rule	NOUN
cblr-2952	663	32	itself	itself	PRON
cblr-2952	663	33	.	.	PUNCT
cblr-2952	663	34	nor	nor	CCONJ
cblr-2952	663	35	does	do	AUX
cblr-2952	663	36	the	the	DET
cblr-2952	663	37	sec	sec	PROPN
cblr-2952	663	38	make	make	VERB
cblr-2952	663	39	any	any	DET
cblr-2952	663	40	cost	cost	NOUN
cblr-2952	663	41	-	-	PUNCT
cblr-2952	663	42	benefit	benefit	NOUN
cblr-2952	663	43	analysis	analysis	NOUN
cblr-2952	663	44	of	of	ADP
cblr-2952	663	45	its	its	PRON
cblr-2952	663	46	proposed	propose	VERB
cblr-2952	663	47	regulation	regulation	NOUN
cblr-2952	663	48	or	or	CCONJ
cblr-2952	663	49	otherwise	otherwise	ADV
cblr-2952	663	50	recognize	recognize	VERB
cblr-2952	663	51	that	that	SCONJ
cblr-2952	663	52	there	there	PRON
cblr-2952	663	53	are	be	VERB
cblr-2952	663	54	any	any	DET
cblr-2952	663	55	costs	cost	NOUN
cblr-2952	663	56	whatsoever	whatsoever	ADV
cblr-2952	663	57	.	.	PUNCT
cblr-2952	664	1	thus	thus	ADV
cblr-2952	664	2	,	,	PUNCT
cblr-2952	664	3	as	as	SCONJ
cblr-2952	664	4	professor	professor	PROPN
cblr-2952	664	5	troy	troy	PROPN
cblr-2952	664	6	paredes	paredes	PROPN
cblr-2952	664	7	has	have	AUX
cblr-2952	664	8	observed	observe	VERB
cblr-2952	664	9	elsewhere	elsewhere	ADV
cblr-2952	664	10	,	,	PUNCT
cblr-2952	664	11	the	the	DET
cblr-2952	664	12	sec	sec	PROPN
cblr-2952	664	13	's	's	PART
cblr-2952	664	14	repeated	repeat	VERB
cblr-2952	664	15	recent	recent	ADJ
cblr-2952	664	16	attempts	attempt	NOUN
cblr-2952	664	17	to	to	PART
cblr-2952	664	18	regulate	regulate	VERB
cblr-2952	664	19	hedge	hedge	NOUN
cblr-2952	664	20	funds	fund	NOUN
cblr-2952	664	21	on	on	ADP
cblr-2952	664	22	"	"	PUNCT
cblr-2952	664	23	risk	risk	NOUN
cblr-2952	664	24	"	"	PUNCT
cblr-2952	664	25	grounds	ground	NOUN
cblr-2952	664	26	appear	appear	VERB
cblr-2952	664	27	more	more	ADV
cblr-2952	664	28	attributable	attributable	ADJ
cblr-2952	664	29	to	to	ADP
cblr-2952	664	30	a	a	DET
cblr-2952	664	31	precautionary	precautionary	ADJ
cblr-2952	664	32	approach	approach	NOUN
cblr-2952	664	33	and	and	CCONJ
cblr-2952	664	34	political	political	ADJ
cblr-2952	664	35	considerations	consideration	NOUN
cblr-2952	664	36	rather	rather	ADV
cblr-2952	664	37	than	than	ADP
cblr-2952	664	38	any	any	DET
cblr-2952	664	39	concrete	concrete	ADJ
cblr-2952	664	40	economic	economic	ADJ
cblr-2952	664	41	or	or	CCONJ
cblr-2952	664	42	financial	financial	ADJ
cblr-2952	664	43	reason.5	reason.5	PROPN
cblr-2952	664	44	°	°	PROPN
cblr-2952	665	1	this	this	DET
cblr-2952	665	2	perception	perception	NOUN
cblr-2952	665	3	has	have	AUX
cblr-2952	665	4	had	have	VERB
cblr-2952	665	5	other	other	ADJ
cblr-2952	665	6	real	real	ADJ
cblr-2952	665	7	consequences	consequence	NOUN
cblr-2952	665	8	;	;	PUNCT
cblr-2952	665	9	the	the	DET
cblr-2952	665	10	sec	sec	PROPN
cblr-2952	665	11	has	have	AUX
cblr-2952	665	12	informally	informally	ADV
cblr-2952	665	13	taken	take	VERB
cblr-2952	665	14	the	the	DET
cblr-2952	665	15	position	position	NOUN
cblr-2952	665	16	that	that	SCONJ
cblr-2952	665	17	funds	fund	NOUN
cblr-2952	665	18	of	of	ADP
cblr-2952	665	19	funds	fund	NOUN
cblr-2952	665	20	-	-	PUNCT
cblr-2952	665	21	which	which	PRON
cblr-2952	665	22	sometimes	sometimes	ADV
cblr-2952	665	23	register	register	VERB
cblr-2952	665	24	under	under	ADP
cblr-2952	665	25	the	the	DET
cblr-2952	665	26	investment	investment	NOUN
cblr-2952	665	27	company	company	NOUN
cblr-2952	665	28	act	act	VERB
cblr-2952	665	29	and	and	CCONJ
cblr-2952	665	30	can	can	AUX
cblr-2952	665	31	feasibly	feasibly	ADV
cblr-2952	665	32	structure	structure	VERB
cblr-2952	665	33	themselves	themselves	PRON
cblr-2952	665	34	to	to	PART
cblr-2952	665	35	sell	sell	VERB
cblr-2952	665	36	securities	security	NOUN
cblr-2952	665	37	publicly	publicly	ADV
cblr-2952	665	38	and	and	CCONJ
cblr-2952	665	39	list	list	VERB
cblr-2952	665	40	on	on	ADP
cblr-2952	665	41	a	a	DET
cblr-2952	665	42	national	national	ADJ
cblr-2952	665	43	exchange	exchange	NOUN
cblr-2952	665	44	-	-	PUNCT
cblr-2952	665	45	would	would	AUX
cblr-2952	665	46	not	not	PART
cblr-2952	665	47	be	be	AUX
cblr-2952	665	48	permitted	permit	VERB
cblr-2952	665	49	to	to	PART
cblr-2952	665	50	do	do	VERB
cblr-2952	665	51	so	so	ADV
cblr-2952	665	52	under	under	ADP
cblr-2952	665	53	the	the	DET
cblr-2952	665	54	investment	investment	NOUN
cblr-2952	665	55	company	company	NOUN
cblr-2952	665	56	act	act	VERB
cblr-2952	665	57	.	.	PUNCT
cblr-2952	666	1	5	5	X
cblr-2952	666	2	'	'	PUNCT
cblr-2952	666	3	this	this	DET
cblr-2952	666	4	approach	approach	NOUN
cblr-2952	666	5	pays	pay	VERB
cblr-2952	666	6	heed	heed	NOUN
cblr-2952	666	7	to	to	ADP
cblr-2952	666	8	the	the	DET
cblr-2952	666	9	general	general	ADJ
cblr-2952	666	10	public	public	NOUN
cblr-2952	666	11	's	's	PART
cblr-2952	666	12	often	often	ADV
cblr-2952	666	13	-	-	PUNCT
cblr-2952	666	14	expressed	express	VERB
cblr-2952	666	15	fear	fear	NOUN
cblr-2952	666	16	that	that	SCONJ
cblr-2952	666	17	these	these	DET
cblr-2952	666	18	investments	investment	NOUN
cblr-2952	666	19	are	be	AUX
cblr-2952	666	20	complex	complex	ADJ
cblr-2952	666	21	,	,	PUNCT
cblr-2952	666	22	high	high	ADJ
cblr-2952	666	23	risk	risk	NOUN
cblr-2952	666	24	,	,	PUNCT
cblr-2952	666	25	and	and	CCONJ
cblr-2952	666	26	disruptive	disruptive	ADJ
cblr-2952	666	27	to	to	ADP
cblr-2952	666	28	the	the	DET
cblr-2952	666	29	u.s	u.s	PROPN
cblr-2952	666	30	.	.	PROPN
cblr-2952	666	31	capital	capital	NOUN
cblr-2952	666	32	market	market	NOUN
cblr-2952	666	33	.	.	PUNCT
cblr-2952	667	1	ultimately	ultimately	ADV
cblr-2952	667	2	,	,	PUNCT
cblr-2952	667	3	the	the	DET
cblr-2952	667	4	organizational	organizational	ADJ
cblr-2952	667	5	motivation	motivation	NOUN
cblr-2952	667	6	behind	behind	ADP
cblr-2952	667	7	the	the	DET
cblr-2952	667	8	sec	sec	PROPN
cblr-2952	667	9	's	's	PART
cblr-2952	667	10	attempted	attempt	VERB
cblr-2952	667	11	regulation	regulation	NOUN
cblr-2952	667	12	of	of	ADP
cblr-2952	667	13	hedge	hedge	NOUN
cblr-2952	667	14	funds	fund	NOUN
cblr-2952	667	15	is	be	AUX
cblr-2952	667	16	beyond	beyond	ADP
cblr-2952	667	17	the	the	DET
cblr-2952	667	18	'	'	NUM
cblr-2952	667	19	15	15	NUM
cblr-2952	667	20	u.s.c	u.s.c	NOUN
cblr-2952	667	21	.	.	PUNCT
cblr-2952	668	1	§	§	PROPN
cblr-2952	668	2	77b(b	77b(b	PROPN
cblr-2952	668	3	)	)	PUNCT
cblr-2952	668	4	(	(	PUNCT
cblr-2952	668	5	2007	2007	NUM
cblr-2952	668	6	)	)	PUNCT
cblr-2952	668	7	.	.	PUNCT
cblr-2952	669	1	see	see	VERB
cblr-2952	669	2	accredited	accredited	ADJ
cblr-2952	669	3	investor	investor	NOUN
cblr-2952	669	4	proposing	proposing	NOUN
cblr-2952	669	5	release	release	NOUN
cblr-2952	669	6	,	,	PUNCT
cblr-2952	669	7	supra	supra	PROPN
cblr-2952	669	8	note	note	NOUN
cblr-2952	669	9	13	13	NUM
cblr-2952	669	10	,	,	PUNCT
cblr-2952	669	11	at	at	ADP
cblr-2952	669	12	84,053	84,053	NUM
cblr-2952	669	13	.	.	PUNCT
cblr-2952	670	1	150	150	NUM
cblr-2952	670	2	see	see	NOUN
cblr-2952	670	3	paredes	parede	NOUN
cblr-2952	670	4	,	,	PUNCT
cblr-2952	670	5	supra	supra	PROPN
cblr-2952	670	6	note	note	PROPN
cblr-2952	670	7	26	26	NUM
cblr-2952	670	8	,	,	PUNCT
cblr-2952	670	9	at	at	ADP
cblr-2952	670	10	1006	1006	NUM
cblr-2952	670	11	-	-	SYM
cblr-2952	670	12	16	16	NUM
cblr-2952	670	13	.	.	PUNCT
cblr-2952	670	14	..	..	PUNCT
cblr-2952	671	1	interview	interview	NOUN
cblr-2952	671	2	with	with	ADP
cblr-2952	671	3	james	james	PROPN
cblr-2952	671	4	silk	silk	PROPN
cblr-2952	671	5	,	,	PUNCT
cblr-2952	671	6	partner	partner	NOUN
cblr-2952	671	7	,	,	PUNCT
cblr-2952	671	8	asset	asset	NOUN
cblr-2952	671	9	management	management	NOUN
cblr-2952	671	10	group	group	NOUN
cblr-2952	671	11	,	,	PUNCT
cblr-2952	671	12	willkie	willkie	PROPN
cblr-2952	671	13	farr	farr	PROPN
cblr-2952	671	14	&	&	CCONJ
cblr-2952	671	15	gallagher	gallagher	PROPN
cblr-2952	671	16	llp	llp	PROPN
cblr-2952	671	17	(	(	PUNCT
cblr-2952	671	18	notes	note	NOUN
cblr-2952	671	19	on	on	ADP
cblr-2952	671	20	file	file	NOUN
cblr-2952	671	21	with	with	ADP
cblr-2952	671	22	author	author	NOUN
cblr-2952	671	23	)	)	PUNCT
cblr-2952	671	24	.	.	PUNCT
cblr-2952	672	1	no	no	INTJ
cblr-2952	672	2	.	.	PUNCT
cblr-2952	673	1	1:172	1:172	NUM
cblr-2952	673	2	]	]	X
cblr-2952	673	3	columbia	columbia	PROPN
cblr-2952	673	4	business	business	PROPN
cblr-2952	673	5	la	la	PROPN
cblr-2952	673	6	w	w	PROPN
cblr-2952	673	7	review	review	NOUN
cblr-2952	673	8	scope	scope	NOUN
cblr-2952	673	9	of	of	ADP
cblr-2952	673	10	this	this	DET
cblr-2952	673	11	article	article	NOUN
cblr-2952	673	12	.	.	PUNCT
cblr-2952	674	1	furthermore	furthermore	ADV
cblr-2952	674	2	,	,	PUNCT
cblr-2952	674	3	the	the	DET
cblr-2952	674	4	pre	pre	NOUN
cblr-2952	674	5	-	-	NOUN
cblr-2952	674	6	clearance	clearance	NOUN
cblr-2952	674	7	of	of	ADP
cblr-2952	674	8	investments	investment	NOUN
cblr-2952	674	9	for	for	ADP
cblr-2952	674	10	risk	risk	NOUN
cblr-2952	674	11	has	have	AUX
cblr-2952	674	12	been	be	AUX
cblr-2952	674	13	a	a	DET
cblr-2952	674	14	concept	concept	NOUN
cblr-2952	674	15	repeatedly	repeatedly	ADV
cblr-2952	674	16	rejected	reject	VERB
cblr-2952	674	17	in	in	ADP
cblr-2952	674	18	national	national	ADJ
cblr-2952	674	19	securities	security	NOUN
cblr-2952	674	20	regulation	regulation	NOUN
cblr-2952	674	21	throughout	throughout	ADP
cblr-2952	674	22	the	the	DET
cblr-2952	674	23	sec	sec	PROPN
cblr-2952	674	24	's	's	PART
cblr-2952	674	25	history	history	NOUN
cblr-2952	674	26	.	.	PUNCT
cblr-2952	675	1	15	15	NUM
cblr-2952	676	1	whatever	whatever	PRON
cblr-2952	676	2	its	its	PRON
cblr-2952	676	3	rationale	rationale	NOUN
cblr-2952	676	4	,	,	PUNCT
cblr-2952	676	5	the	the	DET
cblr-2952	676	6	continued	continue	VERB
cblr-2952	676	7	sec	sec	PROPN
cblr-2952	676	8	foray	foray	NOUN
cblr-2952	676	9	is	be	AUX
cblr-2952	676	10	likely	likely	ADJ
cblr-2952	676	11	to	to	PART
cblr-2952	676	12	further	far	ADV
cblr-2952	676	13	restrict	restrict	VERB
cblr-2952	676	14	investor	investor	NOUN
cblr-2952	676	15	ability	ability	NOUN
cblr-2952	676	16	to	to	PART
cblr-2952	676	17	invest	invest	VERB
cblr-2952	676	18	in	in	ADP
cblr-2952	676	19	hedge	hedge	NOUN
cblr-2952	676	20	funds	fund	NOUN
cblr-2952	676	21	.	.	PUNCT
cblr-2952	677	1	this	this	PRON
cblr-2952	677	2	will	will	AUX
cblr-2952	677	3	only	only	ADV
cblr-2952	677	4	likely	likely	ADV
cblr-2952	677	5	enhance	enhance	VERB
cblr-2952	677	6	the	the	DET
cblr-2952	677	7	black	black	ADJ
cblr-2952	677	8	market	market	NOUN
cblr-2952	677	9	capital	capital	NOUN
cblr-2952	677	10	effect	effect	NOUN
cblr-2952	677	11	.	.	PUNCT
cblr-2952	678	1	b.	b.	PROPN
cblr-2952	678	2	sec	sec	PROPN
cblr-2952	678	3	regulation	regulation	NOUN
cblr-2952	678	4	of	of	ADP
cblr-2952	678	5	private	private	ADJ
cblr-2952	678	6	equity	equity	NOUN
cblr-2952	678	7	since	since	SCONJ
cblr-2952	678	8	its	its	PRON
cblr-2952	678	9	emergence	emergence	NOUN
cblr-2952	678	10	in	in	ADP
cblr-2952	678	11	the	the	DET
cblr-2952	678	12	1970s	1970	NOUN
cblr-2952	678	13	,	,	PUNCT
cblr-2952	678	14	the	the	DET
cblr-2952	678	15	sec	sec	PROPN
cblr-2952	678	16	has	have	AUX
cblr-2952	678	17	never	never	ADV
cblr-2952	678	18	conducted	conduct	VERB
cblr-2952	678	19	an	an	DET
cblr-2952	678	20	extended	extended	ADJ
cblr-2952	678	21	public	public	ADJ
cblr-2952	678	22	inquiry	inquiry	NOUN
cblr-2952	678	23	into	into	ADP
cblr-2952	678	24	its	its	PRON
cblr-2952	678	25	regulation	regulation	NOUN
cblr-2952	678	26	of	of	ADP
cblr-2952	678	27	private	private	ADJ
cblr-2952	678	28	equity	equity	NOUN
cblr-2952	678	29	.	.	PUNCT
cblr-2952	679	1	this	this	PRON
cblr-2952	679	2	is	be	AUX
cblr-2952	679	3	true	true	ADJ
cblr-2952	679	4	even	even	ADV
cblr-2952	679	5	in	in	ADP
cblr-2952	679	6	the	the	DET
cblr-2952	679	7	new	new	ADJ
cblr-2952	679	8	millennium	millennium	NOUN
cblr-2952	679	9	,	,	PUNCT
cblr-2952	679	10	as	as	SCONJ
cblr-2952	679	11	the	the	DET
cblr-2952	679	12	sec	sec	PROPN
cblr-2952	679	13	has	have	AUX
cblr-2952	679	14	preferred	prefer	VERB
cblr-2952	679	15	to	to	PART
cblr-2952	679	16	focus	focus	VERB
cblr-2952	679	17	its	its	PRON
cblr-2952	679	18	regulatory	regulatory	ADJ
cblr-2952	679	19	attention	attention	NOUN
cblr-2952	679	20	upon	upon	SCONJ
cblr-2952	679	21	hedge	hedge	NOUN
cblr-2952	679	22	funds	fund	NOUN
cblr-2952	679	23	,	,	PUNCT
cblr-2952	679	24	maintaining	maintain	VERB
cblr-2952	679	25	its	its	PRON
cblr-2952	679	26	historical	historical	ADJ
cblr-2952	679	27	"	"	PUNCT
cblr-2952	679	28	hands	hand	NOUN
cblr-2952	679	29	-	-	PUNCT
cblr-2952	679	30	off	off	NOUN
cblr-2952	679	31	'	'	PUNCT
cblr-2952	679	32	approach	approach	NOUN
cblr-2952	679	33	towards	towards	ADP
cblr-2952	679	34	private	private	ADJ
cblr-2952	679	35	equity	equity	NOUN
cblr-2952	679	36	.	.	PUNCT
cblr-2952	680	1	the	the	DET
cblr-2952	680	2	sec	sec	PROPN
cblr-2952	680	3	inattention	inattention	NOUN
cblr-2952	680	4	may	may	AUX
cblr-2952	680	5	be	be	AUX
cblr-2952	680	6	justified	justify	VERB
cblr-2952	680	7	,	,	PUNCT
cblr-2952	680	8	but	but	CCONJ
cblr-2952	680	9	many	many	ADJ
cblr-2952	680	10	have	have	AUX
cblr-2952	680	11	noted	note	VERB
cblr-2952	680	12	similar	similar	ADJ
cblr-2952	680	13	characteristics	characteristic	NOUN
cblr-2952	680	14	between	between	ADP
cblr-2952	680	15	hedge	hedge	NOUN
cblr-2952	680	16	funds	fund	NOUN
cblr-2952	680	17	and	and	CCONJ
cblr-2952	680	18	private	private	ADJ
cblr-2952	680	19	equity	equity	NOUN
cblr-2952	680	20	and	and	CCONJ
cblr-2952	680	21	accordingly	accordingly	ADV
cblr-2952	680	22	criticized	criticize	VERB
cblr-2952	680	23	the	the	DET
cblr-2952	680	24	logic	logic	NOUN
cblr-2952	680	25	of	of	ADP
cblr-2952	680	26	the	the	DET
cblr-2952	680	27	sec	sec	PROPN
cblr-2952	680	28	's	's	PART
cblr-2952	680	29	seemingly	seemingly	ADV
cblr-2952	680	30	singular	singular	ADJ
cblr-2952	680	31	focus	focus	NOUN
cblr-2952	680	32	on	on	ADP
cblr-2952	680	33	hedge	hedge	NOUN
cblr-2952	680	34	funds	fund	NOUN
cblr-2952	680	35	.	.	PUNCT
cblr-2952	681	1	for	for	ADP
cblr-2952	681	2	example	example	NOUN
cblr-2952	681	3	,	,	PUNCT
cblr-2952	681	4	the	the	DET
cblr-2952	681	5	sec	sec	PROPN
cblr-2952	681	6	effectively	effectively	ADV
cblr-2952	681	7	exempted	exempt	VERB
cblr-2952	681	8	private	private	ADJ
cblr-2952	681	9	equity	equity	NOUN
cblr-2952	681	10	fund	fund	NOUN
cblr-2952	681	11	advisers	adviser	NOUN
cblr-2952	681	12	from	from	ADP
cblr-2952	681	13	registration	registration	NOUN
cblr-2952	681	14	under	under	ADP
cblr-2952	681	15	its	its	PRON
cblr-2952	681	16	2004	2004	NUM
cblr-2952	681	17	adviser	adviser	NOUN
cblr-2952	681	18	registration	registration	NOUN
cblr-2952	681	19	rule	rule	NOUN
cblr-2952	681	20	.	.	PUNCT
cblr-2952	682	1	as	as	SCONJ
cblr-2952	682	2	the	the	DET
cblr-2952	682	3	dissenting	dissent	VERB
cblr-2952	682	4	commissioners	commissioner	NOUN
cblr-2952	682	5	noted	note	VERB
cblr-2952	682	6	,	,	PUNCT
cblr-2952	682	7	this	this	PRON
cblr-2952	682	8	was	be	AUX
cblr-2952	682	9	an	an	DET
cblr-2952	682	10	illogical	illogical	ADJ
cblr-2952	682	11	distinction	distinction	NOUN
cblr-2952	682	12	.	.	PUNCT
cblr-2952	683	1	the	the	DET
cblr-2952	683	2	same	same	ADJ
cblr-2952	683	3	reasons	reason	NOUN
cblr-2952	683	4	the	the	DET
cblr-2952	683	5	sec	sec	PROPN
cblr-2952	683	6	cited	cite	VERB
cblr-2952	683	7	to	to	PART
cblr-2952	683	8	require	require	VERB
cblr-2952	683	9	hedge	hedge	NOUN
cblr-2952	683	10	fund	fund	NOUN
cblr-2952	683	11	adviser	adviser	NOUN
cblr-2952	683	12	registration	registration	NOUN
cblr-2952	683	13	supported	support	VERB
cblr-2952	683	14	registration	registration	NOUN
cblr-2952	683	15	by	by	ADP
cblr-2952	683	16	private	private	ADJ
cblr-2952	683	17	equity	equity	NOUN
cblr-2952	683	18	fund	fund	NOUN
cblr-2952	683	19	advisers	adviser	NOUN
cblr-2952	683	20	,	,	PUNCT
cblr-2952	683	21	and	and	CCONJ
cblr-2952	683	22	the	the	DET
cblr-2952	683	23	approving	approve	VERB
cblr-2952	683	24	commissioners	commissioner	NOUN
cblr-2952	683	25	had	have	AUX
cblr-2952	683	26	"	"	PUNCT
cblr-2952	683	27	not	not	PART
cblr-2952	683	28	meaningfully	meaningfully	ADV
cblr-2952	683	29	differentiated	differentiate	VERB
cblr-2952	683	30	between	between	ADP
cblr-2952	683	31	hedge	hedge	NOUN
cblr-2952	683	32	funds	fund	NOUN
cblr-2952	683	33	and	and	CCONJ
cblr-2952	683	34	other	other	ADJ
cblr-2952	683	35	private	private	ADJ
cblr-2952	683	36	investment	investment	NOUN
cblr-2952	683	37	funds	fund	NOUN
cblr-2952	683	38	...	...	PUNCT
cblr-2952	683	39	,	,	PUNCT
cblr-2952	683	40	,	,	PUNCT
cblr-2952	683	41	153	153	NUM
cblr-2952	683	42	moreover	moreover	ADV
cblr-2952	683	43	,	,	PUNCT
cblr-2952	683	44	the	the	DET
cblr-2952	683	45	sec	sec	PROPN
cblr-2952	683	46	's	's	PART
cblr-2952	683	47	2006	2006	NUM
cblr-2952	683	48	proposal	proposal	NOUN
cblr-2952	683	49	to	to	PART
cblr-2952	683	50	raise	raise	VERB
cblr-2952	683	51	the	the	DET
cblr-2952	683	52	wealth	wealth	NOUN
cblr-2952	683	53	requirements	requirement	NOUN
cblr-2952	683	54	for	for	ADP
cblr-2952	683	55	natural	natural	ADJ
cblr-2952	683	56	accredited	accredit	VERB
cblr-2952	683	57	investors	investor	NOUN
cblr-2952	683	58	would	would	AUX
cblr-2952	683	59	apply	apply	VERB
cblr-2952	683	60	equally	equally	ADV
cblr-2952	683	61	to	to	ADP
cblr-2952	683	62	fundraising	fundraise	VERB
cblr-2952	683	63	by	by	ADP
cblr-2952	683	64	both	both	DET
cblr-2952	683	65	hedge	hedge	NOUN
cblr-2952	683	66	funds	fund	NOUN
cblr-2952	683	67	and	and	CCONJ
cblr-2952	683	68	private	private	ADJ
cblr-2952	683	69	eq152	eq152	NOUN
cblr-2952	683	70	see	see	VERB
cblr-2952	683	71	william	william	PROPN
cblr-2952	683	72	0	0	PROPN
cblr-2952	683	73	.	.	PUNCT
cblr-2952	684	1	douglas	douglas	PROPN
cblr-2952	684	2	,	,	PUNCT
cblr-2952	684	3	protecting	protect	VERB
cblr-2952	684	4	investors	investor	NOUN
cblr-2952	684	5	,	,	PUNCT
cblr-2952	684	6	23	23	NUM
cblr-2952	684	7	yale	yale	PROPN
cblr-2952	684	8	rev	rev	PROPN
cblr-2952	684	9	.	.	PROPN
cblr-2952	684	10	521	521	NUM
cblr-2952	684	11	,	,	PUNCT
cblr-2952	684	12	524	524	NUM
cblr-2952	684	13	(	(	PUNCT
cblr-2952	684	14	1934	1934	NUM
cblr-2952	684	15	)	)	PUNCT
cblr-2952	684	16	(	(	PUNCT
cblr-2952	684	17	criticizing	criticize	VERB
cblr-2952	684	18	the	the	DET
cblr-2952	684	19	failure	failure	NOUN
cblr-2952	684	20	of	of	ADP
cblr-2952	684	21	the	the	DET
cblr-2952	684	22	recently	recently	ADV
cblr-2952	684	23	adopted	adopt	VERB
cblr-2952	684	24	securities	security	NOUN
cblr-2952	684	25	act	act	NOUN
cblr-2952	684	26	to	to	PART
cblr-2952	684	27	require	require	VERB
cblr-2952	684	28	pre	pre	NOUN
cblr-2952	684	29	-	-	NOUN
cblr-2952	684	30	clearance	clearance	NOUN
cblr-2952	684	31	of	of	ADP
cblr-2952	684	32	investments	investment	NOUN
cblr-2952	684	33	)	)	PUNCT
cblr-2952	684	34	;	;	PUNCT
cblr-2952	684	35	see	see	VERB
cblr-2952	684	36	generally	generally	ADV
cblr-2952	684	37	mark	mark	VERB
cblr-2952	684	38	a.	a.	PROPN
cblr-2952	684	39	sargent	sargent	PROPN
cblr-2952	684	40	,	,	PUNCT
cblr-2952	684	41	a	a	DET
cblr-2952	684	42	future	future	NOUN
cblr-2952	684	43	for	for	ADP
cblr-2952	684	44	blue	blue	ADJ
cblr-2952	684	45	sky	sky	NOUN
cblr-2952	684	46	law	law	NOUN
cblr-2952	684	47	,	,	PUNCT
cblr-2952	684	48	62	62	NUM
cblr-2952	684	49	u.	u.	NOUN
cblr-2952	684	50	cin	cin	PROPN
cblr-2952	684	51	.	.	PUNCT
cblr-2952	685	1	l.	l.	PROPN
cblr-2952	685	2	rev	rev	PROPN
cblr-2952	685	3	.	.	PROPN
cblr-2952	686	1	471	471	NUM
cblr-2952	686	2	(	(	PUNCT
cblr-2952	686	3	1993	1993	NUM
cblr-2952	686	4	)	)	PUNCT
cblr-2952	686	5	(	(	PUNCT
cblr-2952	686	6	discussing	discuss	VERB
cblr-2952	686	7	historical	historical	ADJ
cblr-2952	686	8	pre	pre	NOUN
cblr-2952	686	9	-	-	NOUN
cblr-2952	686	10	clearance	clearance	NOUN
cblr-2952	686	11	of	of	ADP
cblr-2952	686	12	security	security	NOUN
cblr-2952	686	13	issuances	issuance	NOUN
cblr-2952	686	14	under	under	ADP
cblr-2952	686	15	state	state	NOUN
cblr-2952	686	16	blue	blue	ADJ
cblr-2952	686	17	sky	sky	NOUN
cblr-2952	686	18	laws	law	NOUN
cblr-2952	686	19	and	and	CCONJ
cblr-2952	686	20	tracing	trace	VERB
cblr-2952	686	21	the	the	DET
cblr-2952	686	22	abandonment	abandonment	NOUN
cblr-2952	686	23	of	of	ADP
cblr-2952	686	24	such	such	ADJ
cblr-2952	686	25	review	review	NOUN
cblr-2952	686	26	)	)	PUNCT
cblr-2952	686	27	.	.	PUNCT
cblr-2952	687	1	1'3	1'3	NUM
cblr-2952	687	2	adviser	adviser	NOUN
cblr-2952	687	3	registration	registration	NOUN
cblr-2952	687	4	dissent	dissent	NOUN
cblr-2952	687	5	,	,	PUNCT
cblr-2952	687	6	supra	supra	PROPN
cblr-2952	687	7	note	note	NOUN
cblr-2952	687	8	136	136	NUM
cblr-2952	687	9	,	,	PUNCT
cblr-2952	687	10	at	at	ADP
cblr-2952	687	11	81,540	81,540	NUM
cblr-2952	687	12	.	.	PUNCT
cblr-2952	688	1	[	[	X
cblr-2952	688	2	vol	vol	NOUN
cblr-2952	688	3	.	.	NOUN
cblr-2952	688	4	2008	2008	NUM
cblr-2952	688	5	uity	uity	NOUN
cblr-2952	688	6	funds	fund	NOUN
cblr-2952	688	7	relying	rely	VERB
cblr-2952	688	8	upon	upon	SCONJ
cblr-2952	688	9	the	the	DET
cblr-2952	688	10	3(c)(1	3(c)(1	NUM
cblr-2952	688	11	)	)	PUNCT
cblr-2952	688	12	exemption	exemption	NOUN
cblr-2952	688	13	.	.	PUNCT
cblr-2952	688	14	"	"	PUNCT
cblr-2952	689	1	in	in	ADP
cblr-2952	689	2	proposing	propose	VERB
cblr-2952	689	3	this	this	DET
cblr-2952	689	4	rule	rule	NOUN
cblr-2952	689	5	,	,	PUNCT
cblr-2952	689	6	the	the	DET
cblr-2952	689	7	sec	sec	PROPN
cblr-2952	689	8	made	make	VERB
cblr-2952	689	9	no	no	DET
cblr-2952	689	10	distinction	distinction	NOUN
cblr-2952	689	11	between	between	ADP
cblr-2952	689	12	the	the	DET
cblr-2952	689	13	two	two	NUM
cblr-2952	689	14	investments	investment	NOUN
cblr-2952	689	15	.	.	PUNCT
cblr-2952	690	1	instead	instead	ADV
cblr-2952	690	2	,	,	PUNCT
cblr-2952	690	3	the	the	DET
cblr-2952	690	4	sec	sec	PROPN
cblr-2952	690	5	relied	rely	VERB
cblr-2952	690	6	exclusively	exclusively	ADV
cblr-2952	690	7	upon	upon	SCONJ
cblr-2952	690	8	its	its	PRON
cblr-2952	690	9	previously	previously	ADV
cblr-2952	690	10	stated	state	VERB
cblr-2952	690	11	findings	finding	NOUN
cblr-2952	690	12	with	with	ADP
cblr-2952	690	13	respect	respect	NOUN
cblr-2952	690	14	to	to	PART
cblr-2952	690	15	hedge	hedge	VERB
cblr-2952	690	16	funds	fund	NOUN
cblr-2952	690	17	to	to	PART
cblr-2952	690	18	support	support	VERB
cblr-2952	690	19	this	this	DET
cblr-2952	690	20	regulation	regulation	NOUN
cblr-2952	690	21	.	.	PUNCT
cblr-2952	691	1	moreover	moreover	ADV
cblr-2952	691	2	,	,	PUNCT
cblr-2952	691	3	the	the	DET
cblr-2952	691	4	sec	sec	PROPN
cblr-2952	691	5	specifically	specifically	ADV
cblr-2952	691	6	excluded	exclude	VERB
cblr-2952	691	7	from	from	ADP
cblr-2952	691	8	the	the	DET
cblr-2952	691	9	proposed	propose	VERB
cblr-2952	691	10	rules	rule	NOUN
cblr-2952	691	11	venture	venture	VERB
cblr-2952	691	12	capital	capital	NOUN
cblr-2952	691	13	funds	fund	NOUN
cblr-2952	691	14	due	due	ADJ
cblr-2952	691	15	to	to	ADP
cblr-2952	691	16	"	"	PUNCT
cblr-2952	691	17	the	the	DET
cblr-2952	691	18	benefit	benefit	NOUN
cblr-2952	691	19	that	that	PRON
cblr-2952	691	20	venture	venture	NOUN
cblr-2952	691	21	capital	capital	NOUN
cblr-2952	691	22	funds	fund	NOUN
cblr-2952	691	23	play	play	VERB
cblr-2952	691	24	in	in	ADP
cblr-2952	691	25	the	the	DET
cblr-2952	691	26	capital	capital	NOUN
cblr-2952	691	27	formation	formation	NOUN
cblr-2952	691	28	of	of	ADP
cblr-2952	691	29	small	small	ADJ
cblr-2952	691	30	businesses	business	NOUN
cblr-2952	691	31	.	.	PUNCT
cblr-2952	692	1	"'55	"'55	PROPN
cblr-2952	692	2	yet	yet	ADV
cblr-2952	692	3	,	,	PUNCT
cblr-2952	692	4	venture	venture	NOUN
cblr-2952	692	5	capital	capital	NOUN
cblr-2952	692	6	has	have	AUX
cblr-2952	692	7	been	be	AUX
cblr-2952	692	8	found	find	VERB
cblr-2952	692	9	to	to	PART
cblr-2952	692	10	be	be	AUX
cblr-2952	692	11	a	a	DET
cblr-2952	692	12	more	more	ADV
cblr-2952	692	13	risky	risky	ADJ
cblr-2952	692	14	investment	investment	NOUN
cblr-2952	692	15	than	than	ADP
cblr-2952	692	16	private	private	ADJ
cblr-2952	692	17	equity	equity	NOUN
cblr-2952	692	18	,	,	PUNCT
cblr-2952	692	19	which	which	PRON
cblr-2952	692	20	is	be	AUX
cblr-2952	692	21	the	the	DET
cblr-2952	692	22	implicit	implicit	ADJ
cblr-2952	692	23	rationale	rationale	NOUN
cblr-2952	692	24	for	for	ADP
cblr-2952	692	25	including	include	VERB
cblr-2952	692	26	private	private	ADJ
cblr-2952	692	27	equity	equity	NOUN
cblr-2952	692	28	funds	fund	NOUN
cblr-2952	692	29	in	in	ADP
cblr-2952	692	30	these	these	DET
cblr-2952	692	31	revised	revise	VERB
cblr-2952	692	32	rules	rule	NOUN
cblr-2952	692	33	.	.	PUNCT
cblr-2952	693	1	"6	"6	VERB
cblr-2952	693	2	moreover	moreover	ADV
cblr-2952	693	3	,	,	PUNCT
cblr-2952	693	4	the	the	DET
cblr-2952	693	5	sec	sec	PROPN
cblr-2952	693	6	at	at	ADP
cblr-2952	693	7	no	no	DET
cblr-2952	693	8	time	time	NOUN
cblr-2952	693	9	explained	explain	VERB
cblr-2952	693	10	its	its	PRON
cblr-2952	693	11	exclusion	exclusion	NOUN
cblr-2952	693	12	of	of	ADP
cblr-2952	693	13	private	private	ADJ
cblr-2952	693	14	equity	equity	NOUN
cblr-2952	693	15	advisers	adviser	NOUN
cblr-2952	693	16	from	from	ADP
cblr-2952	693	17	the	the	DET
cblr-2952	693	18	2004	2004	NUM
cblr-2952	693	19	rule	rule	NOUN
cblr-2952	693	20	and	and	CCONJ
cblr-2952	693	21	its	its	PRON
cblr-2952	693	22	inclusion	inclusion	NOUN
cblr-2952	693	23	of	of	ADP
cblr-2952	693	24	private	private	ADJ
cblr-2952	693	25	equity	equity	NOUN
cblr-2952	693	26	funds	fund	NOUN
cblr-2952	693	27	in	in	ADP
cblr-2952	693	28	the	the	DET
cblr-2952	693	29	2006	2006	NUM
cblr-2952	693	30	proposal	proposal	NOUN
cblr-2952	693	31	.	.	PUNCT
cblr-2952	694	1	these	these	DET
cblr-2952	694	2	failures	failure	NOUN
cblr-2952	694	3	only	only	ADV
cblr-2952	694	4	further	far	ADV
cblr-2952	694	5	support	support	VERB
cblr-2952	694	6	charges	charge	NOUN
cblr-2952	694	7	of	of	ADP
cblr-2952	694	8	inconsistency	inconsistency	NOUN
cblr-2952	694	9	against	against	ADP
cblr-2952	694	10	the	the	DET
cblr-2952	694	11	sec	sec	PROPN
cblr-2952	694	12	in	in	ADP
cblr-2952	694	13	its	its	PRON
cblr-2952	694	14	rule	rule	NOUN
cblr-2952	694	15	-	-	PUNCT
cblr-2952	694	16	making	making	NOUN
cblr-2952	694	17	in	in	ADP
cblr-2952	694	18	this	this	DET
cblr-2952	694	19	area	area	NOUN
cblr-2952	694	20	.	.	PUNCT
cblr-2952	695	1	the	the	DET
cblr-2952	695	2	sec	sec	PROPN
cblr-2952	695	3	has	have	AUX
cblr-2952	695	4	thus	thus	ADV
cblr-2952	695	5	never	never	ADV
cblr-2952	695	6	explicitly	explicitly	ADV
cblr-2952	695	7	justified	justify	VERB
cblr-2952	695	8	or	or	CCONJ
cblr-2952	695	9	expressed	express	VERB
cblr-2952	695	10	an	an	DET
cblr-2952	695	11	opinion	opinion	NOUN
cblr-2952	695	12	on	on	ADP
cblr-2952	695	13	the	the	DET
cblr-2952	695	14	investment	investment	NOUN
cblr-2952	695	15	company	company	NOUN
cblr-2952	695	16	act	act	VERB
cblr-2952	695	17	or	or	CCONJ
cblr-2952	695	18	the	the	DET
cblr-2952	695	19	advisers	adviser	NOUN
cblr-2952	695	20	act	act	PROPN
cblr-2952	695	21	's	's	PART
cblr-2952	695	22	exclusion	exclusion	NOUN
cblr-2952	695	23	of	of	ADP
cblr-2952	695	24	private	private	ADJ
cblr-2952	695	25	equity	equity	NOUN
cblr-2952	695	26	from	from	ADP
cblr-2952	695	27	public	public	ADJ
cblr-2952	695	28	capital	capital	NOUN
cblr-2952	695	29	-	-	PUNCT
cblr-2952	695	30	raising	raising	NOUN
cblr-2952	695	31	.	.	PUNCT
cblr-2952	696	1	instead	instead	ADV
cblr-2952	696	2	,	,	PUNCT
cblr-2952	696	3	when	when	SCONJ
cblr-2952	696	4	it	it	PRON
cblr-2952	696	5	has	have	AUX
cblr-2952	696	6	addressed	address	VERB
cblr-2952	696	7	this	this	DET
cblr-2952	696	8	issue	issue	NOUN
cblr-2952	696	9	,	,	PUNCT
cblr-2952	696	10	the	the	DET
cblr-2952	696	11	sec	sec	PROPN
cblr-2952	696	12	has	have	AUX
cblr-2952	696	13	implicitly	implicitly	ADV
cblr-2952	696	14	equated	equate	VERB
cblr-2952	696	15	private	private	ADJ
cblr-2952	696	16	equity	equity	NOUN
cblr-2952	696	17	with	with	ADP
cblr-2952	696	18	hedge	hedge	NOUN
cblr-2952	696	19	funds	fund	NOUN
cblr-2952	696	20	,	,	PUNCT
cblr-2952	696	21	seemingly	seemingly	ADV
cblr-2952	696	22	content	content	ADJ
cblr-2952	696	23	with	with	ADP
cblr-2952	696	24	a	a	DET
cblr-2952	696	25	result	result	NOUN
cblr-2952	696	26	that	that	PRON
cblr-2952	696	27	excludes	exclude	VERB
cblr-2952	696	28	both	both	CCONJ
cblr-2952	696	29	from	from	ADP
cblr-2952	696	30	the	the	DET
cblr-2952	696	31	public	public	ADJ
cblr-2952	696	32	sphere	sphere	NOUN
cblr-2952	696	33	.	.	PUNCT
cblr-2952	697	1	iv	iv	X
cblr-2952	697	2	.	.	PUNCT
cblr-2952	698	1	on	on	ADP
cblr-2952	698	2	black	black	ADJ
cblr-2952	698	3	market	market	NOUN
cblr-2952	698	4	capital	capital	NOUN
cblr-2952	698	5	a.	a.	NOUN
cblr-2952	698	6	the	the	DET
cblr-2952	698	7	economics	economic	NOUN
cblr-2952	698	8	of	of	ADP
cblr-2952	698	9	black	black	ADJ
cblr-2952	698	10	market	market	NOUN
cblr-2952	698	11	capital	capital	NOUN
cblr-2952	698	12	a	a	DET
cblr-2952	698	13	black	black	ADJ
cblr-2952	698	14	market	market	NOUN
cblr-2952	698	15	's	's	PART
cblr-2952	698	16	economic	economic	ADJ
cblr-2952	698	17	causes	cause	NOUN
cblr-2952	698	18	and	and	CCONJ
cblr-2952	698	19	effects	effect	NOUN
cblr-2952	698	20	are	be	AUX
cblr-2952	698	21	well	well	ADV
cblr-2952	698	22	documented	document	VERB
cblr-2952	698	23	.	.	PUNCT
cblr-2952	699	1	its	its	PRON
cblr-2952	699	2	cause	cause	NOUN
cblr-2952	699	3	is	be	AUX
cblr-2952	699	4	relatively	relatively	ADV
cblr-2952	699	5	simple	simple	ADJ
cblr-2952	699	6	:	:	PUNCT
cblr-2952	699	7	a	a	DET
cblr-2952	699	8	good	good	NOUN
cblr-2952	699	9	is	be	AUX
cblr-2952	699	10	made	make	VERB
cblr-2952	699	11	scarcer	scarcer	NOUN
cblr-2952	699	12	or	or	CCONJ
cblr-2952	699	13	illegal	illegal	ADJ
cblr-2952	699	14	by	by	ADP
cblr-2952	699	15	governmental	governmental	ADJ
cblr-2952	699	16	action	action	NOUN
cblr-2952	699	17	forbidding	forbid	VERB
cblr-2952	699	18	or	or	CCONJ
cblr-2952	699	19	limiting	limit	VERB
cblr-2952	699	20	its	its	PRON
cblr-2952	699	21	sale	sale	NOUN
cblr-2952	699	22	or	or	CCONJ
cblr-2952	699	23	otherwise	otherwise	ADV
cblr-2952	699	24	imposing	impose	VERB
cblr-2952	699	25	production	production	NOUN
cblr-2952	699	26	or	or	CCONJ
cblr-2952	699	27	sale	sale	NOUN
cblr-2952	699	28	restric'54	restric'54	PROPN
cblr-2952	699	29	see	see	VERB
cblr-2952	699	30	accredited	accredited	ADJ
cblr-2952	699	31	investor	investor	NOUN
cblr-2952	699	32	proposing	proposing	NOUN
cblr-2952	699	33	release	release	NOUN
cblr-2952	699	34	,	,	PUNCT
cblr-2952	699	35	supra	supra	PROPN
cblr-2952	699	36	note	note	NOUN
cblr-2952	699	37	13	13	NUM
cblr-2952	699	38	,	,	PUNCT
cblr-2952	699	39	at	at	ADP
cblr-2952	699	40	84,048	84,048	NUM
cblr-2952	699	41	.	.	PUNCT
cblr-2952	700	1	155	155	NUM
cblr-2952	701	1	i	i	PROPN
cblr-2952	701	2	d.	d.	PROPN
cblr-2952	701	3	at	at	ADP
cblr-2952	701	4	84,051	84,051	NUM
cblr-2952	701	5	.	.	PUNCT
cblr-2952	702	1	15	15	NUM
cblr-2952	702	2	see	see	VERB
cblr-2952	702	3	generally	generally	ADV
cblr-2952	702	4	john	john	PROPN
cblr-2952	702	5	h.	h.	PROPN
cblr-2952	702	6	cochrane	cochrane	PROPN
cblr-2952	702	7	,	,	PUNCT
cblr-2952	702	8	the	the	DET
cblr-2952	702	9	risk	risk	NOUN
cblr-2952	702	10	and	and	CCONJ
cblr-2952	702	11	return	return	NOUN
cblr-2952	702	12	of	of	ADP
cblr-2952	702	13	venture	venture	NOUN
cblr-2952	702	14	capital	capital	NOUN
cblr-2952	702	15	,	,	PUNCT
cblr-2952	702	16	75(1	75(1	NOUN
cblr-2952	702	17	)	)	PUNCT
cblr-2952	702	18	j.	j.	PROPN
cblr-2952	702	19	fin	fin	PROPN
cblr-2952	702	20	.	.	PUNCT
cblr-2952	703	1	econ	econ	PROPN
cblr-2952	703	2	.	.	PUNCT
cblr-2952	704	1	3	3	NUM
cblr-2952	704	2	(	(	PUNCT
cblr-2952	704	3	2005	2005	NUM
cblr-2952	704	4	)	)	PUNCT
cblr-2952	704	5	(	(	PUNCT
cblr-2952	704	6	finding	find	VERB
cblr-2952	704	7	first	first	ADJ
cblr-2952	704	8	round	round	ADJ
cblr-2952	704	9	returns	return	NOUN
cblr-2952	704	10	of	of	ADP
cblr-2952	704	11	venture	venture	NOUN
cblr-2952	704	12	capital	capital	NOUN
cblr-2952	704	13	investments	investment	NOUN
cblr-2952	704	14	to	to	PART
cblr-2952	704	15	be	be	AUX
cblr-2952	704	16	"	"	PUNCT
cblr-2952	704	17	very	very	ADV
cblr-2952	704	18	volatile	volatile	ADJ
cblr-2952	704	19	"	"	PUNCT
cblr-2952	704	20	with	with	ADP
cblr-2952	704	21	a	a	DET
cblr-2952	704	22	standard	standard	ADJ
cblr-2952	704	23	deviation	deviation	NOUN
cblr-2952	704	24	of	of	ADP
cblr-2952	704	25	returns	return	NOUN
cblr-2952	704	26	approaching	approach	VERB
cblr-2952	704	27	100	100	NUM
cblr-2952	704	28	%	%	NOUN
cblr-2952	704	29	)	)	PUNCT
cblr-2952	704	30	.	.	PUNCT
cblr-2952	705	1	no	no	INTJ
cblr-2952	705	2	.	.	PUNCT
cblr-2952	706	1	1:172	1:172	NUM
cblr-2952	706	2	]	]	X
cblr-2952	706	3	black	black	ADJ
cblr-2952	706	4	market	market	NOUN
cblr-2952	706	5	capital	capital	PROPN
cblr-2952	706	6	columbia	columbia	PROPN
cblr-2952	706	7	business	business	PROPN
cblr-2952	706	8	la	la	PROPN
cblr-2952	706	9	w	w	PROPN
cblr-2952	706	10	review	review	NOUN
cblr-2952	706	11	tions	tion	NOUN
cblr-2952	706	12	,	,	PUNCT
cblr-2952	706	13	such	such	ADJ
cblr-2952	706	14	as	as	ADP
cblr-2952	706	15	price	price	NOUN
cblr-2952	706	16	controls	control	NOUN
cblr-2952	706	17	,	,	PUNCT
cblr-2952	706	18	which	which	PRON
cblr-2952	706	19	limit	limit	VERB
cblr-2952	706	20	its	its	PRON
cblr-2952	706	21	availability	availability	NOUN
cblr-2952	706	22	.	.	PUNCT
cblr-2952	707	1	if	if	SCONJ
cblr-2952	707	2	the	the	DET
cblr-2952	707	3	good	good	NOUN
cblr-2952	707	4	is	be	AUX
cblr-2952	707	5	made	make	VERB
cblr-2952	707	6	illegal	illegal	ADJ
cblr-2952	707	7	,	,	PUNCT
cblr-2952	707	8	people	people	NOUN
cblr-2952	707	9	will	will	AUX
cblr-2952	707	10	economically	economically	ADV
cblr-2952	707	11	react	react	VERB
cblr-2952	707	12	in	in	ADP
cblr-2952	707	13	one	one	NUM
cblr-2952	707	14	of	of	ADP
cblr-2952	707	15	two	two	NUM
cblr-2952	707	16	ways	way	NOUN
cblr-2952	707	17	.	.	PUNCT
cblr-2952	708	1	the	the	DET
cblr-2952	708	2	first	first	ADJ
cblr-2952	708	3	is	be	AUX
cblr-2952	708	4	the	the	DET
cblr-2952	708	5	legal	legal	ADJ
cblr-2952	708	6	option	option	NOUN
cblr-2952	708	7	:	:	PUNCT
cblr-2952	708	8	people	people	NOUN
cblr-2952	708	9	still	still	ADV
cblr-2952	708	10	desiring	desire	VERB
cblr-2952	708	11	to	to	PART
cblr-2952	708	12	consume	consume	VERB
cblr-2952	708	13	the	the	DET
cblr-2952	708	14	good	good	ADJ
cblr-2952	708	15	will	will	AUX
cblr-2952	708	16	substitute	substitute	VERB
cblr-2952	708	17	.	.	PUNCT
cblr-2952	709	1	they	they	PRON
cblr-2952	709	2	will	will	AUX
cblr-2952	709	3	locate	locate	VERB
cblr-2952	709	4	and	and	CCONJ
cblr-2952	709	5	purchase	purchase	VERB
cblr-2952	709	6	a	a	DET
cblr-2952	709	7	product	product	NOUN
cblr-2952	709	8	providing	provide	VERB
cblr-2952	709	9	them	they	PRON
cblr-2952	709	10	with	with	ADP
cblr-2952	709	11	the	the	DET
cblr-2952	709	12	next	next	ADJ
cblr-2952	709	13	best	good	ADJ
cblr-2952	709	14	utility	utility	NOUN
cblr-2952	709	15	.	.	PUNCT
cblr-2952	710	1	the	the	DET
cblr-2952	710	2	result	result	NOUN
cblr-2952	710	3	will	will	AUX
cblr-2952	710	4	be	be	AUX
cblr-2952	710	5	to	to	PART
cblr-2952	710	6	create	create	VERB
cblr-2952	710	7	unnatural	unnatural	ADJ
cblr-2952	710	8	demand	demand	NOUN
cblr-2952	710	9	for	for	ADP
cblr-2952	710	10	this	this	DET
cblr-2952	710	11	nextbest	nextb	ADJ
cblr-2952	710	12	good	good	NOUN
cblr-2952	710	13	shifting	shift	VERB
cblr-2952	710	14	the	the	DET
cblr-2952	710	15	demand	demand	NOUN
cblr-2952	710	16	curve	curve	NOUN
cblr-2952	710	17	for	for	ADP
cblr-2952	710	18	it	it	PRON
cblr-2952	710	19	,	,	PUNCT
cblr-2952	710	20	reducing	reduce	VERB
cblr-2952	710	21	its	its	PRON
cblr-2952	710	22	supply	supply	NOUN
cblr-2952	710	23	and	and	CCONJ
cblr-2952	710	24	raising	raise	VERB
cblr-2952	710	25	its	its	PRON
cblr-2952	710	26	cost	cost	NOUN
cblr-2952	710	27	.	.	PUNCT
cblr-2952	711	1	alternatively	alternatively	ADV
cblr-2952	711	2	,	,	PUNCT
cblr-2952	711	3	consumers	consumer	NOUN
cblr-2952	711	4	will	will	AUX
cblr-2952	711	5	search	search	VERB
cblr-2952	711	6	and	and	CCONJ
cblr-2952	711	7	locate	locate	VERB
cblr-2952	711	8	another	another	DET
cblr-2952	711	9	market	market	NOUN
cblr-2952	711	10	in	in	ADP
cblr-2952	711	11	which	which	PRON
cblr-2952	711	12	to	to	PART
cblr-2952	711	13	purchase	purchase	VERB
cblr-2952	711	14	the	the	DET
cblr-2952	711	15	good	good	NOUN
cblr-2952	711	16	.	.	PUNCT
cblr-2952	712	1	this	this	PRON
cblr-2952	712	2	is	be	AUX
cblr-2952	712	3	either	either	CCONJ
cblr-2952	712	4	an	an	DET
cblr-2952	712	5	illicit	illicit	ADJ
cblr-2952	712	6	market	market	NOUN
cblr-2952	712	7	-	-	PUNCT
cblr-2952	712	8	the	the	DET
cblr-2952	712	9	traditional	traditional	ADJ
cblr-2952	712	10	notion	notion	NOUN
cblr-2952	712	11	of	of	ADP
cblr-2952	712	12	a	a	DET
cblr-2952	712	13	black	black	ADJ
cblr-2952	712	14	market	market	NOUN
cblr-2952	712	15	-	-	PUNCT
cblr-2952	712	16	at	at	ADP
cblr-2952	712	17	a	a	DET
cblr-2952	712	18	higher	high	ADJ
cblr-2952	712	19	than	than	ADP
cblr-2952	712	20	normal	normal	ADJ
cblr-2952	712	21	price	price	NOUN
cblr-2952	712	22	,	,	PUNCT
cblr-2952	712	23	or	or	CCONJ
cblr-2952	712	24	a	a	DET
cblr-2952	712	25	legal	legal	ADJ
cblr-2952	712	26	market	market	NOUN
cblr-2952	712	27	in	in	ADP
cblr-2952	712	28	another	another	DET
cblr-2952	712	29	jurisdiction	jurisdiction	NOUN
cblr-2952	712	30	.	.	PUNCT
cblr-2952	713	1	federal	federal	ADJ
cblr-2952	713	2	hedge	hedge	PROPN
cblr-2952	713	3	fund	fund	PROPN
cblr-2952	713	4	and	and	CCONJ
cblr-2952	713	5	private	private	ADJ
cblr-2952	713	6	equity	equity	NOUN
cblr-2952	713	7	regulation	regulation	NOUN
cblr-2952	713	8	and	and	CCONJ
cblr-2952	713	9	increasingly	increasingly	ADV
cblr-2952	713	10	hostile	hostile	ADJ
cblr-2952	713	11	sec	sec	PROPN
cblr-2952	713	12	rule	rule	NOUN
cblr-2952	713	13	-	-	PUNCT
cblr-2952	713	14	making	making	NOUN
cblr-2952	713	15	produce	produce	VERB
cblr-2952	713	16	similar	similar	ADJ
cblr-2952	713	17	black	black	ADJ
cblr-2952	713	18	market	market	NOUN
cblr-2952	713	19	effects	effect	NOUN
cblr-2952	713	20	in	in	ADP
cblr-2952	713	21	capital	capital	NOUN
cblr-2952	713	22	investing	investing	NOUN
cblr-2952	713	23	.	.	PUNCT
cblr-2952	714	1	retail	retail	ADJ
cblr-2952	714	2	consumers	consumer	NOUN
cblr-2952	714	3	desire	desire	VERB
cblr-2952	714	4	to	to	PART
cblr-2952	714	5	purchase	purchase	VERB
cblr-2952	714	6	investments	investment	NOUN
cblr-2952	714	7	in	in	ADP
cblr-2952	714	8	hedge	hedge	NOUN
cblr-2952	714	9	funds	fund	NOUN
cblr-2952	714	10	and	and	CCONJ
cblr-2952	714	11	private	private	ADJ
cblr-2952	714	12	equity	equity	NOUN
cblr-2952	714	13	for	for	ADP
cblr-2952	714	14	the	the	DET
cblr-2952	714	15	particularized	particularize	VERB
cblr-2952	714	16	and	and	CCONJ
cblr-2952	714	17	unique	unique	ADJ
cblr-2952	714	18	benefits	benefit	NOUN
cblr-2952	714	19	they	they	PRON
cblr-2952	714	20	offer	offer	VERB
cblr-2952	714	21	.	.	PUNCT
cblr-2952	715	1	yet	yet	ADV
cblr-2952	715	2	,	,	PUNCT
cblr-2952	715	3	they	they	PRON
cblr-2952	715	4	are	be	AUX
cblr-2952	715	5	increasingly	increasingly	ADV
cblr-2952	715	6	foreclosed	foreclose	VERB
cblr-2952	715	7	from	from	ADP
cblr-2952	715	8	these	these	DET
cblr-2952	715	9	options	option	NOUN
cblr-2952	715	10	by	by	ADP
cblr-2952	715	11	federal	federal	ADJ
cblr-2952	715	12	securities	security	NOUN
cblr-2952	715	13	regulation	regulation	NOUN
cblr-2952	715	14	.	.	PUNCT
cblr-2952	716	1	thus	thus	ADV
cblr-2952	716	2	,	,	PUNCT
cblr-2952	716	3	they	they	PRON
cblr-2952	716	4	substitute	substitute	VERB
cblr-2952	716	5	investments	investment	NOUN
cblr-2952	716	6	that	that	PRON
cblr-2952	716	7	are	be	AUX
cblr-2952	716	8	the	the	DET
cblr-2952	716	9	next	next	ADJ
cblr-2952	716	10	best	good	ADJ
cblr-2952	716	11	equivalent	equivalent	NOUN
cblr-2952	716	12	.	.	PUNCT
cblr-2952	717	1	alternatively	alternatively	ADV
cblr-2952	717	2	,	,	PUNCT
cblr-2952	717	3	investors	investor	NOUN
cblr-2952	717	4	make	make	VERB
cblr-2952	717	5	these	these	DET
cblr-2952	717	6	investments	investment	NOUN
cblr-2952	717	7	illicitly	illicitly	ADV
cblr-2952	717	8	or	or	CCONJ
cblr-2952	717	9	turn	turn	VERB
cblr-2952	717	10	to	to	ADP
cblr-2952	717	11	other	other	ADJ
cblr-2952	717	12	markets	market	NOUN
cblr-2952	717	13	outside	outside	ADP
cblr-2952	717	14	the	the	DET
cblr-2952	717	15	united	united	PROPN
cblr-2952	717	16	states	states	PROPN
cblr-2952	717	17	to	to	PART
cblr-2952	717	18	invest	invest	VERB
cblr-2952	717	19	,	,	PUNCT
cblr-2952	717	20	particularly	particularly	ADV
cblr-2952	717	21	in	in	ADP
cblr-2952	717	22	europe	europe	PROPN
cblr-2952	717	23	.	.	PUNCT
cblr-2952	718	1	this	this	DET
cblr-2952	718	2	article	article	NOUN
cblr-2952	718	3	focuses	focus	VERB
cblr-2952	718	4	on	on	ADP
cblr-2952	718	5	the	the	DET
cblr-2952	718	6	legal	legal	ADJ
cblr-2952	718	7	aspects	aspect	NOUN
cblr-2952	718	8	of	of	ADP
cblr-2952	718	9	this	this	DET
cblr-2952	718	10	capital	capital	NOUN
cblr-2952	718	11	distortion	distortion	NOUN
cblr-2952	718	12	,	,	PUNCT
cblr-2952	718	13	the	the	DET
cblr-2952	718	14	investment	investment	NOUN
cblr-2952	718	15	in	in	ADP
cblr-2952	718	16	alternative	alternative	ADJ
cblr-2952	718	17	investments	investment	NOUN
cblr-2952	718	18	in	in	ADP
cblr-2952	718	19	markets	market	NOUN
cblr-2952	718	20	.	.	PUNCT
cblr-2952	719	1	there	there	PRON
cblr-2952	719	2	is	be	VERB
cblr-2952	719	3	another	another	DET
cblr-2952	719	4	side	side	NOUN
cblr-2952	719	5	to	to	ADP
cblr-2952	719	6	the	the	DET
cblr-2952	719	7	effect	effect	NOUN
cblr-2952	719	8	termed	term	VERB
cblr-2952	719	9	black	black	ADJ
cblr-2952	719	10	market	market	NOUN
cblr-2952	719	11	capital	capital	NOUN
cblr-2952	719	12	.	.	PUNCT
cblr-2952	720	1	hedge	hedge	NOUN
cblr-2952	720	2	funds	fund	NOUN
cblr-2952	720	3	,	,	PUNCT
cblr-2952	720	4	private	private	ADJ
cblr-2952	720	5	equity	equity	NOUN
cblr-2952	720	6	,	,	PUNCT
cblr-2952	720	7	and	and	CCONJ
cblr-2952	720	8	other	other	ADJ
cblr-2952	720	9	financial	financial	ADJ
cblr-2952	720	10	actors	actor	NOUN
cblr-2952	720	11	have	have	VERB
cblr-2952	720	12	their	their	PRON
cblr-2952	720	13	own	own	ADJ
cblr-2952	720	14	economic	economic	ADJ
cblr-2952	720	15	desires	desire	NOUN
cblr-2952	720	16	;	;	PUNCT
cblr-2952	720	17	thus	thus	ADV
cblr-2952	720	18	,	,	PUNCT
cblr-2952	720	19	as	as	ADP
cblr-2952	720	20	suppliers	supplier	NOUN
cblr-2952	720	21	they	they	PRON
cblr-2952	720	22	react	react	VERB
cblr-2952	720	23	to	to	ADP
cblr-2952	720	24	investor	investor	NOUN
cblr-2952	720	25	demand	demand	NOUN
cblr-2952	720	26	by	by	ADP
cblr-2952	720	27	offering	offer	VERB
cblr-2952	720	28	substitute	substitute	NOUN
cblr-2952	720	29	alternative	alternative	ADJ
cblr-2952	720	30	investment	investment	NOUN
cblr-2952	720	31	products	product	NOUN
cblr-2952	720	32	.	.	PUNCT
cblr-2952	721	1	'57	'57	NUM
cblr-2952	721	2	moreover	moreover	ADV
cblr-2952	721	3	,	,	PUNCT
cblr-2952	721	4	the	the	DET
cblr-2952	721	5	fund	fund	NOUN
cblr-2952	721	6	advisers	adviser	NOUN
cblr-2952	721	7	'	'	PART
cblr-2952	721	8	demand	demand	NOUN
cblr-2952	721	9	for	for	ADP
cblr-2952	721	10	investor	investor	NOUN
cblr-2952	721	11	capital	capital	NOUN
cblr-2952	721	12	and	and	CCONJ
cblr-2952	721	13	the	the	DET
cblr-2952	721	14	barriers	barrier	NOUN
cblr-2952	721	15	to	to	ADP
cblr-2952	721	16	this	this	DET
cblr-2952	721	17	fund	fund	NOUN
cblr-2952	721	18	-	-	PUNCT
cblr-2952	721	19	raising	raising	NOUN
cblr-2952	721	20	in	in	ADP
cblr-2952	721	21	the	the	DET
cblr-2952	721	22	public	public	ADJ
cblr-2952	721	23	markets	market	NOUN
cblr-2952	721	24	erected	erect	VERB
cblr-2952	721	25	by	by	ADP
cblr-2952	721	26	current	current	ADJ
cblr-2952	721	27	law	law	NOUN
cblr-2952	721	28	have	have	AUX
cblr-2952	721	29	effected	effect	VERB
cblr-2952	721	30	the	the	DET
cblr-2952	721	31	creation	creation	NOUN
cblr-2952	721	32	of	of	ADP
cblr-2952	721	33	alternative	alternative	ADJ
cblr-2952	721	34	markets	market	NOUN
cblr-2952	721	35	to	to	PART
cblr-2952	721	36	secure	secure	VERB
cblr-2952	721	37	this	this	DET
cblr-2952	721	38	capital	capital	NOUN
cblr-2952	721	39	and	and	CCONJ
cblr-2952	721	40	meet	meet	VERB
cblr-2952	721	41	demand	demand	NOUN
cblr-2952	721	42	for	for	ADP
cblr-2952	721	43	these	these	DET
cblr-2952	721	44	investments	investment	NOUN
cblr-2952	721	45	both	both	CCONJ
cblr-2952	721	46	in	in	ADP
cblr-2952	721	47	the	the	DET
cblr-2952	721	48	united	united	PROPN
cblr-2952	721	49	states	states	PROPN
cblr-2952	721	50	and	and	CCONJ
cblr-2952	721	51	abroad	abroad	ADV
cblr-2952	721	52	.	.	PUNCT
cblr-2952	721	53	"58	"58	PUNCT
cblr-2952	722	1	"	"	PUNCT
cblr-2952	722	2	'	'	PUNCT
cblr-2952	722	3	the	the	DET
cblr-2952	722	4	legal	legal	ADJ
cblr-2952	722	5	structuring	structuring	NOUN
cblr-2952	722	6	of	of	ADP
cblr-2952	722	7	these	these	DET
cblr-2952	722	8	products	product	NOUN
cblr-2952	722	9	would	would	AUX
cblr-2952	722	10	be	be	AUX
cblr-2952	722	11	familiar	familiar	ADJ
cblr-2952	722	12	to	to	ADP
cblr-2952	722	13	any	any	DET
cblr-2952	722	14	tax	tax	NOUN
cblr-2952	722	15	attorney	attorney	NOUN
cblr-2952	722	16	:	:	PUNCT
cblr-2952	722	17	the	the	DET
cblr-2952	722	18	promoters	promoter	NOUN
cblr-2952	722	19	avail	avail	VERB
cblr-2952	722	20	themselves	themselves	PRON
cblr-2952	722	21	of	of	ADP
cblr-2952	722	22	irregularities	irregularity	NOUN
cblr-2952	722	23	or	or	CCONJ
cblr-2952	722	24	loopholes	loophole	NOUN
cblr-2952	722	25	in	in	ADP
cblr-2952	722	26	the	the	DET
cblr-2952	722	27	securities	security	NOUN
cblr-2952	722	28	law	law	NOUN
cblr-2952	722	29	to	to	PART
cblr-2952	722	30	come	come	VERB
cblr-2952	722	31	as	as	ADV
cblr-2952	722	32	close	close	ADJ
cblr-2952	722	33	as	as	ADP
cblr-2952	722	34	possible	possible	ADJ
cblr-2952	722	35	in	in	ADP
cblr-2952	722	36	their	their	PRON
cblr-2952	722	37	substitution	substitution	NOUN
cblr-2952	722	38	.	.	PUNCT
cblr-2952	723	1	1	1	NUM
cblr-2952	723	2	"	"	PUNCT
cblr-2952	723	3	fund	fund	NOUN
cblr-2952	723	4	advisers	adviser	NOUN
cblr-2952	723	5	'	'	PART
cblr-2952	723	6	demand	demand	NOUN
cblr-2952	723	7	for	for	ADP
cblr-2952	723	8	capital	capital	NOUN
cblr-2952	723	9	is	be	AUX
cblr-2952	723	10	low	low	ADJ
cblr-2952	723	11	,	,	PUNCT
cblr-2952	723	12	thus	thus	ADV
cblr-2952	723	13	the	the	DET
cblr-2952	723	14	demand	demand	NOUN
cblr-2952	723	15	for	for	ADP
cblr-2952	723	16	capital	capital	NOUN
cblr-2952	723	17	referred	refer	VERB
cblr-2952	723	18	to	to	ADP
cblr-2952	723	19	here	here	ADV
cblr-2952	723	20	is	be	AUX
cblr-2952	723	21	more	more	ADV
cblr-2952	723	22	often	often	ADV
cblr-2952	723	23	for	for	SCONJ
cblr-2952	723	24	capital	capital	NOUN
cblr-2952	723	25	to	to	PART
cblr-2952	723	26	be	be	AUX
cblr-2952	723	27	paid	pay	VERB
cblr-2952	723	28	directly	directly	ADV
cblr-2952	723	29	to	to	ADP
cblr-2952	723	30	the	the	DET
cblr-2952	723	31	fund	fund	NOUN
cblr-2952	723	32	[	[	X
cblr-2952	723	33	vol	vol	NOUN
cblr-2952	723	34	.	.	NOUN
cblr-2952	723	35	2008	2008	NUM
cblr-2952	723	36	black	black	ADJ
cblr-2952	723	37	market	market	NOUN
cblr-2952	723	38	capital	capital	NOUN
cblr-2952	723	39	these	these	DET
cblr-2952	723	40	substitute	substitute	NOUN
cblr-2952	723	41	and	and	CCONJ
cblr-2952	723	42	off	off	ADP
cblr-2952	723	43	-	-	PUNCT
cblr-2952	723	44	market	market	NOUN
cblr-2952	723	45	investments	investment	NOUN
cblr-2952	723	46	and	and	CCONJ
cblr-2952	723	47	related	related	ADJ
cblr-2952	723	48	market	market	NOUN
cblr-2952	723	49	distortions	distortion	NOUN
cblr-2952	723	50	are	be	AUX
cblr-2952	723	51	a	a	DET
cblr-2952	723	52	capital	capital	NOUN
cblr-2952	723	53	markets	market	NOUN
cblr-2952	723	54	phenomenon	phenomenon	NOUN
cblr-2952	723	55	.	.	PUNCT
cblr-2952	724	1	they	they	PRON
cblr-2952	724	2	have	have	AUX
cblr-2952	724	3	had	have	VERB
cblr-2952	724	4	a	a	DET
cblr-2952	724	5	significant	significant	ADJ
cblr-2952	724	6	distortive	distortive	ADJ
cblr-2952	724	7	effect	effect	NOUN
cblr-2952	724	8	on	on	ADP
cblr-2952	724	9	the	the	DET
cblr-2952	724	10	structure	structure	NOUN
cblr-2952	724	11	and	and	CCONJ
cblr-2952	724	12	course	course	NOUN
cblr-2952	724	13	of	of	ADP
cblr-2952	724	14	the	the	DET
cblr-2952	724	15	u.s	u.s	PROPN
cblr-2952	724	16	.	.	PROPN
cblr-2952	724	17	capital	capital	NOUN
cblr-2952	724	18	market	market	NOUN
cblr-2952	724	19	,	,	PUNCT
cblr-2952	724	20	and	and	CCONJ
cblr-2952	724	21	are	be	AUX
cblr-2952	724	22	causing	cause	VERB
cblr-2952	724	23	a	a	DET
cblr-2952	724	24	fundamental	fundamental	ADJ
cblr-2952	724	25	shift	shift	NOUN
cblr-2952	724	26	in	in	ADP
cblr-2952	724	27	investing	investing	NOUN
cblr-2952	724	28	and	and	CCONJ
cblr-2952	724	29	corporate	corporate	ADJ
cblr-2952	724	30	finance	finance	NOUN
cblr-2952	724	31	with	with	ADP
cblr-2952	724	32	widespread	widespread	ADJ
cblr-2952	724	33	implications	implication	NOUN
cblr-2952	724	34	for	for	ADP
cblr-2952	724	35	the	the	DET
cblr-2952	724	36	u.s	u.s	PROPN
cblr-2952	724	37	.	.	PROPN
cblr-2952	724	38	capital	capital	NOUN
cblr-2952	724	39	market	market	NOUN
cblr-2952	724	40	and	and	CCONJ
cblr-2952	724	41	its	its	PRON
cblr-2952	724	42	competitive	competitive	ADJ
cblr-2952	724	43	status	status	NOUN
cblr-2952	724	44	in	in	ADP
cblr-2952	724	45	the	the	DET
cblr-2952	724	46	global	global	ADJ
cblr-2952	724	47	market	market	NOUN
cblr-2952	724	48	.	.	PUNCT
cblr-2952	725	1	moreover	moreover	ADV
cblr-2952	725	2	,	,	PUNCT
cblr-2952	725	3	black	black	ADJ
cblr-2952	725	4	market	market	NOUN
cblr-2952	725	5	capital	capital	NOUN
cblr-2952	725	6	shows	show	VERB
cblr-2952	725	7	that	that	SCONJ
cblr-2952	725	8	there	there	PRON
cblr-2952	725	9	has	have	AUX
cblr-2952	725	10	been	be	AUX
cblr-2952	725	11	a	a	DET
cblr-2952	725	12	previously	previously	ADV
cblr-2952	725	13	unrecognized	unrecognize	VERB
cblr-2952	725	14	,	,	PUNCT
cblr-2952	725	15	yet	yet	ADV
cblr-2952	725	16	possibly	possibly	ADV
cblr-2952	725	17	significant	significant	ADJ
cblr-2952	725	18	cost	cost	NOUN
cblr-2952	725	19	associated	associate	VERB
cblr-2952	725	20	with	with	ADP
cblr-2952	725	21	the	the	DET
cblr-2952	725	22	sec	sec	PROPN
cblr-2952	725	23	's	's	PART
cblr-2952	725	24	hedge	hedge	NOUN
cblr-2952	725	25	fund	fund	NOUN
cblr-2952	725	26	and	and	CCONJ
cblr-2952	725	27	private	private	ADJ
cblr-2952	725	28	equity	equity	NOUN
cblr-2952	725	29	regulation	regulation	NOUN
cblr-2952	725	30	.	.	PUNCT
cblr-2952	726	1	this	this	DET
cblr-2952	726	2	part	part	NOUN
cblr-2952	726	3	highlights	highlight	VERB
cblr-2952	726	4	the	the	DET
cblr-2952	726	5	more	more	ADV
cblr-2952	726	6	significant	significant	ADJ
cblr-2952	726	7	examples	example	NOUN
cblr-2952	726	8	and	and	CCONJ
cblr-2952	726	9	their	their	PRON
cblr-2952	726	10	impact	impact	NOUN
cblr-2952	726	11	on	on	ADP
cblr-2952	726	12	the	the	DET
cblr-2952	726	13	u.s	u.s	PROPN
cblr-2952	726	14	.	.	PROPN
cblr-2952	726	15	financial	financial	ADJ
cblr-2952	726	16	market	market	NOUN
cblr-2952	726	17	and	and	CCONJ
cblr-2952	726	18	the	the	DET
cblr-2952	726	19	public	public	ADJ
cblr-2952	726	20	sphere	sphere	NOUN
cblr-2952	726	21	.	.	PUNCT
cblr-2952	727	1	b.	b.	PROPN
cblr-2952	728	1	a	a	DET
cblr-2952	728	2	black	black	ADJ
cblr-2952	728	3	market	market	NOUN
cblr-2952	728	4	for	for	ADP
cblr-2952	728	5	alternative	alternative	ADJ
cblr-2952	728	6	investments	investment	NOUN
cblr-2952	728	7	and	and	CCONJ
cblr-2952	728	8	markets	market	NOUN
cblr-2952	728	9	1	1	NUM
cblr-2952	728	10	.	.	PUNCT
cblr-2952	728	11	fund	fund	NOUN
cblr-2952	728	12	advisers	adviser	NOUN
cblr-2952	728	13	recent	recent	ADJ
cblr-2952	728	14	hedge	hedge	NOUN
cblr-2952	728	15	fund	fund	NOUN
cblr-2952	728	16	and	and	CCONJ
cblr-2952	728	17	private	private	ADJ
cblr-2952	728	18	equity	equity	NOUN
cblr-2952	728	19	adviser	adviser	NOUN
cblr-2952	728	20	initial	initial	ADJ
cblr-2952	728	21	public	public	ADJ
cblr-2952	728	22	offerings	offering	NOUN
cblr-2952	728	23	are	be	AUX
cblr-2952	728	24	a	a	DET
cblr-2952	728	25	significant	significant	ADJ
cblr-2952	728	26	example	example	NOUN
cblr-2952	728	27	of	of	ADP
cblr-2952	728	28	black	black	ADJ
cblr-2952	728	29	market	market	NOUN
cblr-2952	728	30	capital	capital	NOUN
cblr-2952	728	31	.	.	PUNCT
cblr-2952	729	1	hedge	hedge	NOUN
cblr-2952	729	2	fund	fund	PROPN
cblr-2952	729	3	and	and	CCONJ
cblr-2952	729	4	private	private	ADJ
cblr-2952	729	5	equity	equity	NOUN
cblr-2952	729	6	advisers	adviser	NOUN
cblr-2952	729	7	are	be	AUX
cblr-2952	729	8	simply	simply	ADV
cblr-2952	729	9	that	that	PRON
cblr-2952	729	10	:	:	PUNCT
cblr-2952	729	11	they	they	PRON
cblr-2952	729	12	are	be	AUX
cblr-2952	729	13	the	the	DET
cblr-2952	729	14	corporate	corporate	ADJ
cblr-2952	729	15	entities	entity	NOUN
cblr-2952	729	16	that	that	PRON
cblr-2952	729	17	create	create	VERB
cblr-2952	729	18	and	and	CCONJ
cblr-2952	729	19	administer	administer	VERB
cblr-2952	729	20	the	the	DET
cblr-2952	729	21	actual	actual	ADJ
cblr-2952	729	22	hedge	hedge	NOUN
cblr-2952	729	23	funds	fund	NOUN
cblr-2952	729	24	and	and	CCONJ
cblr-2952	729	25	private	private	ADJ
cblr-2952	729	26	equity	equity	NOUN
cblr-2952	729	27	funds	fund	NOUN
cblr-2952	729	28	.	.	PUNCT
cblr-2952	730	1	their	their	PRON
cblr-2952	730	2	revenue	revenue	NOUN
cblr-2952	730	3	and	and	CCONJ
cblr-2952	730	4	profit	profit	NOUN
cblr-2952	730	5	is	be	AUX
cblr-2952	730	6	derived	derive	VERB
cblr-2952	730	7	principally	principally	ADV
cblr-2952	730	8	from	from	ADP
cblr-2952	730	9	the	the	DET
cblr-2952	730	10	so	so	ADV
cblr-2952	730	11	-	-	PUNCT
cblr-2952	730	12	called	call	VERB
cblr-2952	730	13	"	"	PUNCT
cblr-2952	730	14	two	two	NUM
cblr-2952	730	15	-	-	PUNCT
cblr-2952	730	16	and	and	CCONJ
cblr-2952	730	17	-	-	PUNCT
cblr-2952	730	18	twenty"-the	twenty"-the	NOUN
cblr-2952	730	19	typical	typical	ADJ
cblr-2952	730	20	two	two	NUM
cblr-2952	730	21	percent	percent	NOUN
cblr-2952	730	22	administrative	administrative	ADJ
cblr-2952	730	23	fee	fee	NOUN
cblr-2952	730	24	that	that	PRON
cblr-2952	730	25	the	the	DET
cblr-2952	730	26	adviser	adviser	NOUN
cblr-2952	730	27	charges	charge	VERB
cblr-2952	730	28	with	with	ADP
cblr-2952	730	29	respect	respect	NOUN
cblr-2952	730	30	to	to	ADP
cblr-2952	730	31	assets	asset	NOUN
cblr-2952	730	32	under	under	ADP
cblr-2952	730	33	management	management	NOUN
cblr-2952	730	34	and	and	CCONJ
cblr-2952	730	35	a	a	DET
cblr-2952	730	36	twenty	twenty	NUM
cblr-2952	730	37	percent	percent	NOUN
cblr-2952	730	38	profit	profit	NOUN
cblr-2952	730	39	-	-	PUNCT
cblr-2952	730	40	sharing	share	VERB
cblr-2952	730	41	fee	fee	NOUN
cblr-2952	730	42	with	with	ADP
cblr-2952	730	43	respect	respect	NOUN
cblr-2952	730	44	to	to	PART
cblr-2952	730	45	fund	fund	VERB
cblr-2952	730	46	profits	profit	NOUN
cblr-2952	730	47	over	over	ADP
cblr-2952	730	48	a	a	DET
cblr-2952	730	49	pre	pre	ADJ
cblr-2952	730	50	-	-	ADJ
cblr-2952	730	51	set	set	ADJ
cblr-2952	730	52	hurdle	hurdle	NOUN
cblr-2952	730	53	rate	rate	NOUN
cblr-2952	730	54	.	.	PUNCT
cblr-2952	731	1	as	as	ADP
cblr-2952	731	2	such	such	ADJ
cblr-2952	731	3	,	,	PUNCT
cblr-2952	731	4	their	their	PRON
cblr-2952	731	5	performance	performance	NOUN
cblr-2952	731	6	is	be	AUX
cblr-2952	731	7	derivative	derivative	ADJ
cblr-2952	731	8	of	of	ADP
cblr-2952	731	9	the	the	DET
cblr-2952	731	10	funds	fund	NOUN
cblr-2952	731	11	they	they	PRON
cblr-2952	731	12	advise	advise	VERB
cblr-2952	731	13	;	;	PUNCT
cblr-2952	731	14	these	these	DET
cblr-2952	731	15	funds	fund	NOUN
cblr-2952	731	16	need	need	VERB
cblr-2952	731	17	to	to	PART
cblr-2952	731	18	grow	grow	VERB
cblr-2952	731	19	in	in	ADP
cblr-2952	731	20	asset	asset	NOUN
cblr-2952	731	21	size	size	NOUN
cblr-2952	731	22	and	and	CCONJ
cblr-2952	731	23	earn	earn	VERB
cblr-2952	731	24	positive	positive	ADJ
cblr-2952	731	25	returns	return	NOUN
cblr-2952	731	26	for	for	ADP
cblr-2952	731	27	the	the	DET
cblr-2952	731	28	advisers	adviser	NOUN
cblr-2952	731	29	themselves	themselves	PRON
cblr-2952	731	30	to	to	PART
cblr-2952	731	31	accrue	accrue	VERB
cblr-2952	731	32	and	and	CCONJ
cblr-2952	731	33	increase	increase	VERB
cblr-2952	731	34	revenue	revenue	NOUN
cblr-2952	731	35	and	and	CCONJ
cblr-2952	731	36	profits.159	profits.159	NOUN
cblr-2952	731	37	adviser	adviser	NOUN
cblr-2952	731	38	's	's	PART
cblr-2952	731	39	owners	owner	NOUN
cblr-2952	731	40	rather	rather	ADV
cblr-2952	731	41	than	than	ADP
cblr-2952	731	42	for	for	ADP
cblr-2952	731	43	investment	investment	NOUN
cblr-2952	731	44	in	in	ADP
cblr-2952	731	45	the	the	DET
cblr-2952	731	46	fund	fund	NOUN
cblr-2952	731	47	adviser	adviser	NOUN
cblr-2952	731	48	itself	itself	PRON
cblr-2952	731	49	.	.	PUNCT
cblr-2952	732	1	i	i	PRON
cblr-2952	732	2	discuss	discuss	VERB
cblr-2952	732	3	fund	fund	NOUN
cblr-2952	732	4	adviser	adviser	NOUN
cblr-2952	732	5	capital	capital	NOUN
cblr-2952	732	6	needs	need	VERB
cblr-2952	732	7	further	further	ADJ
cblr-2952	732	8	infra	infra	NOUN
cblr-2952	732	9	at	at	ADP
cblr-2952	732	10	note	note	NOUN
cblr-2952	732	11	168	168	NUM
cblr-2952	732	12	and	and	CCONJ
cblr-2952	732	13	accompanying	accompany	VERB
cblr-2952	732	14	text	text	NOUN
cblr-2952	732	15	.	.	PUNCT
cblr-2952	732	16	...	...	PUNCT
cblr-2952	733	1	these	these	DET
cblr-2952	733	2	advisers	adviser	NOUN
cblr-2952	733	3	also	also	ADV
cblr-2952	733	4	do	do	AUX
cblr-2952	733	5	earn	earn	VERB
cblr-2952	733	6	revenue	revenue	NOUN
cblr-2952	733	7	through	through	ADP
cblr-2952	733	8	direct	direct	ADJ
cblr-2952	733	9	investment	investment	NOUN
cblr-2952	733	10	in	in	ADP
cblr-2952	733	11	their	their	PRON
cblr-2952	733	12	funds	fund	NOUN
cblr-2952	733	13	themselves	themselves	PRON
cblr-2952	733	14	;	;	PUNCT
cblr-2952	733	15	this	this	PRON
cblr-2952	733	16	is	be	AUX
cblr-2952	733	17	a	a	DET
cblr-2952	733	18	revenue	revenue	NOUN
cblr-2952	733	19	-	-	PUNCT
cblr-2952	733	20	stream	stream	NOUN
cblr-2952	733	21	wholly	wholly	ADV
cblr-2952	733	22	dependent	dependent	ADJ
cblr-2952	733	23	on	on	ADP
cblr-2952	733	24	fund	fund	NOUN
cblr-2952	733	25	performance	performance	NOUN
cblr-2952	733	26	.	.	PUNCT
cblr-2952	734	1	no	no	INTJ
cblr-2952	734	2	.	.	NOUN
cblr-2952	735	1	1	1	NUM
cblr-2952	735	2	:	:	SYM
cblr-2952	735	3	172	172	NUM
cblr-2952	735	4	]	]	PUNCT
cblr-2952	735	5	the	the	DET
cblr-2952	735	6	success	success	NOUN
cblr-2952	735	7	or	or	CCONJ
cblr-2952	735	8	failure	failure	NOUN
cblr-2952	735	9	of	of	ADP
cblr-2952	735	10	a	a	DET
cblr-2952	735	11	fund	fund	NOUN
cblr-2952	735	12	adviser	adviser	NOUN
cblr-2952	735	13	is	be	AUX
cblr-2952	735	14	therefore	therefore	ADV
cblr-2952	735	15	almost	almost	ADV
cblr-2952	735	16	wholly	wholly	ADV
cblr-2952	735	17	dependent	dependent	ADJ
cblr-2952	735	18	upon	upon	SCONJ
cblr-2952	735	19	the	the	DET
cblr-2952	735	20	fortunes	fortune	NOUN
cblr-2952	735	21	of	of	ADP
cblr-2952	735	22	the	the	DET
cblr-2952	735	23	underlying	underlie	VERB
cblr-2952	735	24	funds	fund	NOUN
cblr-2952	735	25	.	.	PUNCT
cblr-2952	736	1	but	but	CCONJ
cblr-2952	736	2	,	,	PUNCT
cblr-2952	736	3	unlike	unlike	ADP
cblr-2952	736	4	the	the	DET
cblr-2952	736	5	funds	fund	NOUN
cblr-2952	736	6	themselves	themselves	PRON
cblr-2952	736	7	,	,	PUNCT
cblr-2952	736	8	these	these	DET
cblr-2952	736	9	corporate	corporate	ADJ
cblr-2952	736	10	advisers	adviser	NOUN
cblr-2952	736	11	do	do	AUX
cblr-2952	736	12	not	not	PART
cblr-2952	736	13	automatically	automatically	ADV
cblr-2952	736	14	come	come	VERB
cblr-2952	736	15	under	under	ADP
cblr-2952	736	16	the	the	DET
cblr-2952	736	17	aegis	aegis	NOUN
cblr-2952	736	18	of	of	ADP
cblr-2952	736	19	the	the	DET
cblr-2952	736	20	investment	investment	NOUN
cblr-2952	736	21	company	company	NOUN
cblr-2952	736	22	act	act	PROPN
cblr-2952	736	23	.	.	PUNCT
cblr-2952	737	1	rather	rather	ADV
cblr-2952	737	2	,	,	PUNCT
cblr-2952	737	3	since	since	SCONJ
cblr-2952	737	4	they	they	PRON
cblr-2952	737	5	are	be	AUX
cblr-2952	737	6	companies	company	NOUN
cblr-2952	737	7	whose	whose	DET
cblr-2952	737	8	business	business	NOUN
cblr-2952	737	9	happens	happen	VERB
cblr-2952	737	10	to	to	PART
cblr-2952	737	11	be	be	AUX
cblr-2952	737	12	advising	advise	VERB
cblr-2952	737	13	hedge	hedge	NOUN
cblr-2952	737	14	funds	fund	NOUN
cblr-2952	737	15	and	and	CCONJ
cblr-2952	737	16	private	private	ADJ
cblr-2952	737	17	equity	equity	NOUN
cblr-2952	737	18	funds	fund	NOUN
cblr-2952	737	19	,	,	PUNCT
cblr-2952	737	20	they	they	PRON
cblr-2952	737	21	are	be	AUX
cblr-2952	737	22	treated	treat	VERB
cblr-2952	737	23	under	under	ADP
cblr-2952	737	24	the	the	DET
cblr-2952	737	25	federal	federal	ADJ
cblr-2952	737	26	securities	security	NOUN
cblr-2952	737	27	laws	law	NOUN
cblr-2952	737	28	as	as	ADP
cblr-2952	737	29	normal	normal	ADJ
cblr-2952	737	30	operating	operating	NOUN
cblr-2952	737	31	companies	company	NOUN
cblr-2952	737	32	.	.	PUNCT
cblr-2952	738	1	consequently	consequently	ADV
cblr-2952	738	2	,	,	PUNCT
cblr-2952	738	3	these	these	DET
cblr-2952	738	4	advisers	adviser	NOUN
cblr-2952	738	5	can	can	AUX
cblr-2952	738	6	publicly	publicly	ADV
cblr-2952	738	7	raise	raise	VERB
cblr-2952	738	8	capital	capital	NOUN
cblr-2952	738	9	without	without	ADP
cblr-2952	738	10	triggering	trigger	VERB
cblr-2952	738	11	the	the	DET
cblr-2952	738	12	investment	investment	NOUN
cblr-2952	738	13	company	company	NOUN
cblr-2952	738	14	act.16	act.16	PROPN
cblr-2952	738	15	°	°	PROPN
cblr-2952	738	16	thus	thus	ADV
cblr-2952	738	17	,	,	PUNCT
cblr-2952	738	18	they	they	PRON
cblr-2952	738	19	are	be	AUX
cblr-2952	738	20	a	a	DET
cblr-2952	738	21	viable	viable	ADJ
cblr-2952	738	22	alternative	alternative	NOUN
cblr-2952	738	23	for	for	SCONJ
cblr-2952	738	24	these	these	DET
cblr-2952	738	25	fund	fund	NOUN
cblr-2952	738	26	managers	manager	NOUN
cblr-2952	738	27	to	to	PART
cblr-2952	738	28	offer	offer	VERB
cblr-2952	738	29	the	the	DET
cblr-2952	738	30	public	public	NOUN
cblr-2952	738	31	an	an	DET
cblr-2952	738	32	opportunity	opportunity	NOUN
cblr-2952	738	33	to	to	PART
cblr-2952	738	34	derivatively	derivatively	ADV
cblr-2952	738	35	invest	invest	VERB
cblr-2952	738	36	in	in	ADP
cblr-2952	738	37	hedge	hedge	NOUN
cblr-2952	738	38	funds	fund	NOUN
cblr-2952	738	39	and	and	CCONJ
cblr-2952	738	40	private	private	ADJ
cblr-2952	738	41	equity	equity	NOUN
cblr-2952	738	42	and	and	CCONJ
cblr-2952	738	43	share	share	NOUN
cblr-2952	738	44	in	in	ADP
cblr-2952	738	45	the	the	DET
cblr-2952	738	46	potential	potential	ADJ
cblr-2952	738	47	returns	return	NOUN
cblr-2952	738	48	of	of	ADP
cblr-2952	738	49	these	these	DET
cblr-2952	738	50	underlying	underlie	VERB
cblr-2952	738	51	investments	investment	NOUN
cblr-2952	738	52	.	.	PUNCT
cblr-2952	739	1	as	as	ADP
cblr-2952	739	2	a	a	DET
cblr-2952	739	3	black	black	ADJ
cblr-2952	739	4	market	market	NOUN
cblr-2952	739	5	capital	capital	NOUN
cblr-2952	739	6	substitute	substitute	NOUN
cblr-2952	739	7	for	for	ADP
cblr-2952	739	8	hedge	hedge	NOUN
cblr-2952	739	9	funds	fund	NOUN
cblr-2952	739	10	and	and	CCONJ
cblr-2952	739	11	private	private	ADJ
cblr-2952	739	12	equity	equity	NOUN
cblr-2952	739	13	,	,	PUNCT
cblr-2952	739	14	demand	demand	NOUN
cblr-2952	739	15	among	among	ADP
cblr-2952	739	16	investors	investor	NOUN
cblr-2952	739	17	to	to	PART
cblr-2952	739	18	invest	invest	VERB
cblr-2952	739	19	in	in	ADP
cblr-2952	739	20	these	these	DET
cblr-2952	739	21	adviser	adviser	NOUN
cblr-2952	739	22	entities	entity	NOUN
cblr-2952	739	23	has	have	AUX
cblr-2952	739	24	been	be	AUX
cblr-2952	739	25	high	high	ADJ
cblr-2952	739	26	.	.	PUNCT
cblr-2952	740	1	it	it	PRON
cblr-2952	740	2	was	be	AUX
cblr-2952	740	3	triggered	trigger	VERB
cblr-2952	740	4	by	by	ADP
cblr-2952	740	5	the	the	DET
cblr-2952	740	6	first	first	ADJ
cblr-2952	740	7	adviser	adviser	NOUN
cblr-2952	740	8	initial	initial	ADJ
cblr-2952	740	9	public	public	ADJ
cblr-2952	740	10	offering	offering	NOUN
cblr-2952	740	11	priced	price	VERB
cblr-2952	740	12	by	by	ADP
cblr-2952	740	13	fortress	fortress	NOUN
cblr-2952	740	14	investment	investment	NOUN
cblr-2952	740	15	group	group	NOUN
cblr-2952	740	16	,	,	PUNCT
cblr-2952	740	17	llc	llc	PROPN
cblr-2952	740	18	(	(	PUNCT
cblr-2952	740	19	"	"	PUNCT
cblr-2952	740	20	fortress	fortress	NOUN
cblr-2952	740	21	"	"	PUNCT
cblr-2952	740	22	)	)	PUNCT
cblr-2952	740	23	on	on	ADP
cblr-2952	740	24	february	february	PROPN
cblr-2952	740	25	8	8	NUM
cblr-2952	740	26	,	,	PUNCT
cblr-2952	740	27	2007	2007	NUM
cblr-2952	740	28	.	.	PUNCT
cblr-2952	741	1	in	in	ADP
cblr-2952	741	2	the	the	DET
cblr-2952	741	3	next	next	ADJ
cblr-2952	741	4	year	year	NOUN
cblr-2952	741	5	,	,	PUNCT
cblr-2952	741	6	fund	fund	NOUN
cblr-2952	741	7	advisers	adviser	NOUN
cblr-2952	741	8	attempted	attempt	VERB
cblr-2952	741	9	to	to	PART
cblr-2952	741	10	meet	meet	VERB
cblr-2952	741	11	investor	investor	NOUN
cblr-2952	741	12	demand	demand	NOUN
cblr-2952	741	13	.	.	PUNCT
cblr-2952	742	1	the	the	DET
cblr-2952	742	2	following	follow	VERB
cblr-2952	742	3	table	table	NOUN
cblr-2952	742	4	sets	set	VERB
cblr-2952	742	5	forth	forth	ADP
cblr-2952	742	6	private	private	ADJ
cblr-2952	742	7	equity	equity	NOUN
cblr-2952	742	8	and	and	CCONJ
cblr-2952	742	9	hedge	hedge	NOUN
cblr-2952	742	10	fund	fund	NOUN
cblr-2952	742	11	adviser	adviser	NOUN
cblr-2952	742	12	initial	initial	ADJ
cblr-2952	742	13	public	public	ADJ
cblr-2952	742	14	offerings	offering	NOUN
cblr-2952	742	15	in	in	ADP
cblr-2952	742	16	the	the	DET
cblr-2952	742	17	united	united	PROPN
cblr-2952	742	18	states	states	PROPN
cblr-2952	742	19	from	from	ADP
cblr-2952	742	20	the	the	DET
cblr-2952	742	21	period	period	NOUN
cblr-2952	742	22	february	february	PROPN
cblr-2952	742	23	8	8	NUM
cblr-2952	742	24	,	,	PUNCT
cblr-2952	742	25	2007	2007	NUM
cblr-2952	742	26	through	through	ADP
cblr-2952	742	27	december	december	PROPN
cblr-2952	742	28	31	31	NUM
cblr-2952	742	29	,	,	PUNCT
cblr-2952	742	30	2007	2007	NUM
cblr-2952	742	31	:	:	PUNCT
cblr-2952	742	32	"	"	PUNCT
cblr-2952	742	33	see	see	VERB
cblr-2952	742	34	generally	generally	ADV
cblr-2952	742	35	andrew	andrew	PROPN
cblr-2952	742	36	j.	j.	PROPN
cblr-2952	742	37	donahue	donahue	PROPN
cblr-2952	742	38	,	,	PUNCT
cblr-2952	742	39	dir	dir	PROPN
cblr-2952	742	40	.	.	PUNCT
cblr-2952	743	1	div	div	PROPN
cblr-2952	743	2	.	.	PUNCT
cblr-2952	744	1	of	of	ADP
cblr-2952	744	2	inv	inv	PROPN
cblr-2952	744	3	.	.	PUNCT
cblr-2952	745	1	mgmt	mgmt	PROPN
cblr-2952	745	2	.	.	PROPN
cblr-2952	745	3	,	,	PUNCT
cblr-2952	745	4	u.s	u.s	PROPN
cblr-2952	745	5	.	.	PROPN
cblr-2952	745	6	securities	securities	PROPN
cblr-2952	745	7	exchange	exchange	PROPN
cblr-2952	745	8	commission	commission	PROPN
cblr-2952	745	9	,	,	PUNCT
cblr-2952	745	10	testimony	testimony	NOUN
cblr-2952	745	11	before	before	ADP
cblr-2952	745	12	the	the	DET
cblr-2952	745	13	domestic	domestic	ADJ
cblr-2952	745	14	policy	policy	NOUN
cblr-2952	745	15	subcommittee	subcommittee	NOUN
cblr-2952	745	16	of	of	ADP
cblr-2952	745	17	the	the	DET
cblr-2952	745	18	oversight	oversight	NOUN
cblr-2952	745	19	and	and	CCONJ
cblr-2952	745	20	government	government	NOUN
cblr-2952	745	21	reform	reform	NOUN
cblr-2952	745	22	committee	committee	NOUN
cblr-2952	745	23	,	,	PUNCT
cblr-2952	745	24	u.s	u.s	PROPN
cblr-2952	745	25	.	.	PROPN
cblr-2952	745	26	house	house	PROPN
cblr-2952	745	27	of	of	ADP
cblr-2952	745	28	representatives	representative	NOUN
cblr-2952	745	29	(	(	PUNCT
cblr-2952	745	30	july	july	PROPN
cblr-2952	745	31	11	11	NUM
cblr-2952	745	32	,	,	PUNCT
cblr-2952	745	33	2007	2007	NUM
cblr-2952	745	34	)	)	PUNCT
cblr-2952	745	35	,	,	PUNCT
cblr-2952	745	36	http://www.sec.gov/news/testimony/2007/ts071107ajd-2.htm	http://www.sec.gov/news/testimony/2007/ts071107ajd-2.htm	X
cblr-2952	745	37	(	(	PUNCT
cblr-2952	745	38	last	last	ADJ
cblr-2952	745	39	visited	visit	VERB
cblr-2952	745	40	feb	feb	PROPN
cblr-2952	745	41	.	.	PROPN
cblr-2952	745	42	4	4	NUM
cblr-2952	745	43	,	,	PUNCT
cblr-2952	745	44	2008	2008	NUM
cblr-2952	745	45	)	)	PUNCT
cblr-2952	745	46	(	(	PUNCT
cblr-2952	745	47	explaining	explain	VERB
cblr-2952	745	48	the	the	DET
cblr-2952	745	49	ability	ability	NOUN
cblr-2952	745	50	of	of	ADP
cblr-2952	745	51	hedge	hedge	NOUN
cblr-2952	745	52	fund	fund	NOUN
cblr-2952	745	53	and	and	CCONJ
cblr-2952	745	54	private	private	ADJ
cblr-2952	745	55	equity	equity	NOUN
cblr-2952	745	56	fund	fund	NOUN
cblr-2952	745	57	advisers	adviser	NOUN
cblr-2952	745	58	to	to	PART
cblr-2952	745	59	raise	raise	VERB
cblr-2952	745	60	public	public	ADJ
cblr-2952	745	61	capital	capital	NOUN
cblr-2952	745	62	without	without	ADP
cblr-2952	745	63	triggering	trigger	VERB
cblr-2952	745	64	the	the	DET
cblr-2952	745	65	application	application	NOUN
cblr-2952	745	66	of	of	ADP
cblr-2952	745	67	the	the	DET
cblr-2952	745	68	investment	investment	NOUN
cblr-2952	745	69	company	company	NOUN
cblr-2952	745	70	act	act	PROPN
cblr-2952	745	71	)	)	PUNCT
cblr-2952	745	72	.	.	PUNCT
cblr-2952	746	1	apparently	apparently	ADV
cblr-2952	746	2	,	,	PUNCT
cblr-2952	746	3	the	the	DET
cblr-2952	746	4	sec	sec	PROPN
cblr-2952	746	5	did	do	AUX
cblr-2952	746	6	conduct	conduct	VERB
cblr-2952	746	7	an	an	DET
cblr-2952	746	8	investigation	investigation	NOUN
cblr-2952	746	9	into	into	ADP
cblr-2952	746	10	the	the	DET
cblr-2952	746	11	fortress	fortress	NOUN
cblr-2952	746	12	initial	initial	ADJ
cblr-2952	746	13	public	public	ADJ
cblr-2952	746	14	offering	offering	NOUN
cblr-2952	746	15	to	to	PART
cblr-2952	746	16	make	make	VERB
cblr-2952	746	17	a	a	DET
cblr-2952	746	18	determination	determination	NOUN
cblr-2952	746	19	as	as	ADP
cblr-2952	746	20	to	to	ADP
cblr-2952	746	21	whether	whether	SCONJ
cblr-2952	746	22	it	it	PRON
cblr-2952	746	23	was	be	AUX
cblr-2952	746	24	in	in	ADP
cblr-2952	746	25	fact	fact	NOUN
cblr-2952	746	26	an	an	DET
cblr-2952	746	27	investment	investment	NOUN
cblr-2952	746	28	company	company	NOUN
cblr-2952	746	29	,	,	PUNCT
cblr-2952	746	30	but	but	CCONJ
cblr-2952	746	31	decided	decide	VERB
cblr-2952	746	32	not	not	PART
cblr-2952	746	33	to	to	PART
cblr-2952	746	34	take	take	VERB
cblr-2952	746	35	action	action	NOUN
cblr-2952	746	36	.	.	PUNCT
cblr-2952	747	1	see	see	VERB
cblr-2952	747	2	susan	susan	PROPN
cblr-2952	747	3	beck	beck	PROPN
cblr-2952	747	4	,	,	PUNCT
cblr-2952	747	5	the	the	DET
cblr-2952	747	6	transformers	transformer	NOUN
cblr-2952	747	7	,	,	PUNCT
cblr-2952	747	8	am	be	AUX
cblr-2952	747	9	.	.	PUNCT
cblr-2952	748	1	lawyer	lawyer	NOUN
cblr-2952	748	2	(	(	PUNCT
cblr-2952	748	3	nov	nov	PROPN
cblr-2952	748	4	.	.	PROPN
cblr-2952	748	5	1	1	NUM
cblr-2952	748	6	,	,	PUNCT
cblr-2952	748	7	2007	2007	NUM
cblr-2952	748	8	)	)	PUNCT
cblr-2952	748	9	.	.	PUNCT
cblr-2952	749	1	notably	notably	ADV
cblr-2952	749	2	,	,	PUNCT
cblr-2952	749	3	the	the	DET
cblr-2952	749	4	afl	afl	PROPN
cblr-2952	749	5	-	-	PUNCT
cblr-2952	749	6	cio	cio	PROPN
cblr-2952	749	7	subsequently	subsequently	ADV
cblr-2952	749	8	initiated	initiate	VERB
cblr-2952	749	9	a	a	DET
cblr-2952	749	10	failed	fail	VERB
cblr-2952	749	11	campaign	campaign	NOUN
cblr-2952	749	12	to	to	PART
cblr-2952	749	13	have	have	AUX
cblr-2952	749	14	blackstone	blackstone	NOUN
cblr-2952	749	15	classified	classify	VERB
cblr-2952	749	16	as	as	ADP
cblr-2952	749	17	an	an	DET
cblr-2952	749	18	investment	investment	NOUN
cblr-2952	749	19	company	company	NOUN
cblr-2952	749	20	.	.	PUNCT
cblr-2952	750	1	see	see	VERB
cblr-2952	750	2	letter	letter	NOUN
cblr-2952	750	3	from	from	ADP
cblr-2952	750	4	richard	richard	PROPN
cblr-2952	750	5	l.	l.	PROPN
cblr-2952	750	6	trumka	trumka	PROPN
cblr-2952	750	7	on	on	ADP
cblr-2952	750	8	behalf	behalf	NOUN
cblr-2952	750	9	of	of	ADP
cblr-2952	750	10	the	the	DET
cblr-2952	750	11	afl	afl	PROPN
cblr-2952	750	12	-	-	PUNCT
cblr-2952	750	13	cio	cio	PROPN
cblr-2952	750	14	to	to	ADP
cblr-2952	750	15	john	john	PROPN
cblr-2952	750	16	white	white	PROPN
cblr-2952	750	17	and	and	CCONJ
cblr-2952	750	18	andrew	andrew	PROPN
cblr-2952	750	19	donohue	donohue	PROPN
cblr-2952	750	20	,	,	PUNCT
cblr-2952	750	21	(	(	PUNCT
cblr-2952	750	22	may	may	PROPN
cblr-2952	750	23	15	15	NUM
cblr-2952	750	24	,	,	PUNCT
cblr-2952	750	25	2007	2007	NUM
cblr-2952	750	26	)	)	PUNCT
cblr-2952	750	27	,	,	PUNCT
cblr-2952	750	28	http://www.aflcio.org/corporatewatchlcapital/upload/blackstone%20sec%2	http://www.aflcio.org/corporatewatchlcapital/upload/blackstone%20sec%2	PROPN
cblr-2952	750	29	oletter%20final.pdf	oletter%20final.pdf	PROPN
cblr-2952	750	30	(	(	PUNCT
cblr-2952	750	31	last	last	ADJ
cblr-2952	750	32	visited	visit	VERB
cblr-2952	750	33	feb	feb	PROPN
cblr-2952	750	34	.	.	PROPN
cblr-2952	750	35	4	4	NUM
cblr-2952	750	36	,	,	PUNCT
cblr-2952	750	37	2008	2008	NUM
cblr-2952	750	38	)	)	PUNCT
cblr-2952	750	39	.	.	PUNCT
cblr-2952	751	1	col	col	PROPN
cblr-2952	751	2	umb	umb	PROPN
cblr-2952	751	3	ia	ia	PROPN
cblr-2952	751	4	b	b	PROPN
cblr-2952	751	5	usiness	usiness	PROPN
cblr-2952	751	6	la	la	PROPN
cblr-2952	751	7	w	w	PROPN
cblr-2952	751	8	re	re	PROPN
cblr-2952	751	9	vie	vie	PROPN
cblr-2952	751	10	w	w	PROPN
cblr-2952	752	1	[	[	X
cblr-2952	752	2	vol	vol	NOUN
cblr-2952	752	3	.	.	NOUN
cblr-2952	752	4	2008	2008	NUM
cblr-2952	752	5	black	black	ADJ
cblr-2952	752	6	market	market	NOUN
cblr-2952	752	7	capital	capital	NOUN
cblr-2952	752	8	table	table	NOUN
cblr-2952	752	9	4a	4a	NOUN
cblr-2952	752	10	adviser	adviser	NOUN
cblr-2952	752	11	date	date	NOUN
cblr-2952	752	12	of	of	ADP
cblr-2952	752	13	amount	amount	NOUN
cblr-2952	752	14	of	of	ADP
cblr-2952	752	15	assets	asset	NOUN
cblr-2952	752	16	under	under	ADP
cblr-2952	752	17	ipo	ipo	NOUN
cblr-2952	752	18	offering	offering	NOUN
cblr-2952	752	19	(	(	PUNCT
cblr-2952	752	20	exmanagement	exmanagement	NOUN
cblr-2952	752	21	cludes	clude	NOUN
cblr-2952	752	22	greenshoe	greenshoe	NOUN
cblr-2952	752	23	)	)	PUNCT
cblr-2952	752	24	fortress	fortress	VERB
cblr-2952	752	25	infebruary	infebruary	ADJ
cblr-2952	752	26	$	$	SYM
cblr-2952	752	27	634.291	634.291	NUM
cblr-2952	752	28	mil$29.9	mil$29.9	NOUN
cblr-2952	752	29	billion	billion	NUM
cblr-2952	752	30	as	as	ADP
cblr-2952	752	31	vestment	vestment	NOUN
cblr-2952	752	32	8	8	NUM
cblr-2952	752	33	,	,	PUNCT
cblr-2952	752	34	2007	2007	NUM
cblr-2952	752	35	lion	lion	NOUN
cblr-2952	752	36	of	of	ADP
cblr-2952	752	37	september	september	PROPN
cblr-2952	752	38	group	group	NOUN
cblr-2952	752	39	,	,	PUNCT
cblr-2952	752	40	llc	llc	PROPN
cblr-2952	752	41	30	30	NUM
cblr-2952	752	42	,	,	PUNCT
cblr-2952	752	43	2006	2006	NUM
cblr-2952	752	44	blackstone	blackstone	NOUN
cblr-2952	752	45	june	june	PROPN
cblr-2952	752	46	21	21	NUM
cblr-2952	752	47	,	,	PUNCT
cblr-2952	752	48	$	$	SYM
cblr-2952	752	49	4.133	4.133	NUM
cblr-2952	752	50	billion	billion	NUM
cblr-2952	752	51	$	$	SYM
cblr-2952	752	52	88.4	88.4	NUM
cblr-2952	752	53	billion	billion	NUM
cblr-2952	752	54	as	as	ADP
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cblr-2952	752	56	l.p	l.p	PROPN
cblr-2952	752	57	.	.	PROPN
cblr-2952	752	58	2007	2007	NUM
cblr-2952	752	59	of	of	ADP
cblr-2952	752	60	may	may	PROPN
cblr-2952	752	61	1	1	NUM
cblr-2952	752	62	,	,	PUNCT
cblr-2952	752	63	2007	2007	NUM
cblr-2952	752	64	glg	glg	NOUN
cblr-2952	752	65	partnovember	partnovember	NOUN
cblr-2952	752	66	$	$	SYM
cblr-2952	752	67	3.4	3.4	NUM
cblr-2952	752	68	billion	billion	NUM
cblr-2952	752	69	>	>	PUNCT
cblr-2952	752	70	$	$	SYM
cblr-2952	752	71	20	20	NUM
cblr-2952	752	72	billion	billion	NUM
cblr-2952	752	73	as	as	ADP
cblr-2952	752	74	ners	ners	PROPN
cblr-2952	752	75	inc	inc	PROPN
cblr-2952	752	76	.	.	PROPN
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cblr-2952	752	78	,	,	PUNCT
cblr-2952	752	79	2007	2007	NUM
cblr-2952	752	80	of	of	ADP
cblr-2952	752	81	june	june	PROPN
cblr-2952	752	82	1	1	NUM
cblr-2952	752	83	,	,	PUNCT
cblr-2952	752	84	2007	2007	NUM
cblr-2952	752	85	och	och	NOUN
cblr-2952	752	86	-	-	PUNCT
cblr-2952	752	87	ziff	ziff	NOUN
cblr-2952	752	88	november	november	PROPN
cblr-2952	752	89	$	$	SYM
cblr-2952	752	90	1.152	1.152	NUM
cblr-2952	752	91	billion	billion	NUM
cblr-2952	752	92	$	$	SYM
cblr-2952	752	93	26.8	26.8	NUM
cblr-2952	752	94	billion	billion	NUM
cblr-2952	752	95	as	as	ADP
cblr-2952	752	96	capital	capital	NOUN
cblr-2952	752	97	13	13	NUM
cblr-2952	752	98	,	,	PUNCT
cblr-2952	752	99	2007	2007	NUM
cblr-2952	752	100	of	of	ADP
cblr-2952	752	101	april	april	PROPN
cblr-2952	752	102	1	1	NUM
cblr-2952	752	103	,	,	PUNCT
cblr-2952	752	104	manage2007161	manage2007161	PROPN
cblr-2952	752	105	ment	ment	PROPN
cblr-2952	752	106	group	group	PROPN
cblr-2952	752	107	llc	llc	PROPN
cblr-2952	752	108	in	in	ADP
cblr-2952	752	109	2007	2007	NUM
cblr-2952	752	110	,	,	PUNCT
cblr-2952	752	111	these	these	DET
cblr-2952	752	112	advisers	adviser	NOUN
cblr-2952	752	113	raised	raise	VERB
cblr-2952	752	114	an	an	DET
cblr-2952	752	115	aggregate	aggregate	NOUN
cblr-2952	752	116	of	of	ADP
cblr-2952	752	117	$	$	SYM
cblr-2952	752	118	9,319	9,319	NUM
cblr-2952	752	119	billion	billion	NUM
cblr-2952	752	120	or	or	CCONJ
cblr-2952	752	121	14.26	14.26	NUM
cblr-2952	752	122	%	%	NOUN
cblr-2952	752	123	of	of	ADP
cblr-2952	752	124	the	the	DET
cblr-2952	752	125	capital	capital	NOUN
cblr-2952	752	126	raised	raise	VERB
cblr-2952	752	127	on	on	ADP
cblr-2952	752	128	the	the	DET
cblr-2952	752	129	u.s	u.s	PROPN
cblr-2952	752	130	.	.	PROPN
cblr-2952	752	131	initial	initial	ADJ
cblr-2952	752	132	public	public	ADJ
cblr-2952	752	133	offering	offering	NOUN
cblr-2952	752	134	market	market	NOUN
cblr-2952	752	135	during	during	ADP
cblr-2952	752	136	this	this	DET
cblr-2952	752	137	time	time	NOUN
cblr-2952	752	138	period	period	NOUN
cblr-2952	752	139	.	.	PUNCT
cblr-2952	753	1	162	162	NUM
cblr-2952	753	2	the	the	DET
cblr-2952	753	3	success	success	NOUN
cblr-2952	753	4	of	of	ADP
cblr-2952	753	5	161	161	NUM
cblr-2952	753	6	see	see	VERB
cblr-2952	753	7	och	och	PROPN
cblr-2952	753	8	-	-	PUNCT
cblr-2952	753	9	ziff	ziff	NOUN
cblr-2952	753	10	capital	capital	PROPN
cblr-2952	753	11	management	management	PROPN
cblr-2952	753	12	group	group	NOUN
cblr-2952	753	13	,	,	PUNCT
cblr-2952	753	14	the	the	DET
cblr-2952	753	15	blackstone	blackstone	NOUN
cblr-2952	753	16	group	group	NOUN
cblr-2952	753	17	,	,	PUNCT
cblr-2952	753	18	(	(	PUNCT
cblr-2952	753	19	prospectus	prospectus	NOUN
cblr-2952	753	20	)	)	PUNCT
cblr-2952	753	21	,	,	PUNCT
cblr-2952	753	22	1	1	NUM
cblr-2952	753	23	(	(	PUNCT
cblr-2952	753	24	nov	nov	PROPN
cblr-2952	753	25	.	.	PROPN
cblr-2952	753	26	13	13	NUM
cblr-2952	753	27	,	,	PUNCT
cblr-2952	753	28	2007	2007	NUM
cblr-2952	753	29	)	)	PUNCT
cblr-2952	753	30	;	;	PUNCT
cblr-2952	753	31	freedom	freedom	PROPN
cblr-2952	753	32	acquisition	acquisition	PROPN
cblr-2952	753	33	corp	corp	PROPN
cblr-2952	753	34	.	.	PROPN
cblr-2952	753	35	,	,	PUNCT
cblr-2952	753	36	definitive	definitive	ADJ
cblr-2952	753	37	proxy	proxy	ADJ
cblr-2952	753	38	statement	statement	NOUN
cblr-2952	753	39	relating	relate	VERB
cblr-2952	753	40	to	to	ADP
cblr-2952	753	41	a	a	DET
cblr-2952	753	42	merger	merger	NOUN
cblr-2952	753	43	or	or	CCONJ
cblr-2952	753	44	acquisition	acquisition	NOUN
cblr-2952	753	45	,	,	PUNCT
cblr-2952	753	46	5	5	NUM
cblr-2952	753	47	(	(	PUNCT
cblr-2952	753	48	oct	oct	PROPN
cblr-2952	753	49	.	.	PROPN
cblr-2952	753	50	11	11	NUM
cblr-2952	753	51	,	,	PUNCT
cblr-2952	753	52	2007	2007	NUM
cblr-2952	753	53	)	)	PUNCT
cblr-2952	753	54	;	;	PUNCT
cblr-2952	753	55	the	the	DET
cblr-2952	753	56	blackstone	blackstone	NOUN
cblr-2952	753	57	group	group	NOUN
cblr-2952	753	58	,	,	PUNCT
cblr-2952	753	59	(	(	PUNCT
cblr-2952	753	60	prospectus	prospectus	NOUN
cblr-2952	753	61	)	)	PUNCT
cblr-2952	753	62	,	,	PUNCT
cblr-2952	753	63	1	1	NUM
cblr-2952	753	64	(	(	PUNCT
cblr-2952	753	65	june	june	PROPN
cblr-2952	753	66	21	21	NUM
cblr-2952	753	67	,	,	PUNCT
cblr-2952	753	68	2007	2007	NUM
cblr-2952	753	69	)	)	PUNCT
cblr-2952	754	1	[	[	X
cblr-2952	754	2	hereinafter	hereinafter	NOUN
cblr-2952	754	3	blackstone	blackstone	NOUN
cblr-2952	754	4	prospectus	prospectus	NOUN
cblr-2952	754	5	]	]	PUNCT
cblr-2952	754	6	;	;	PUNCT
cblr-2952	754	7	fortress	fortress	NOUN
cblr-2952	754	8	investment	investment	NOUN
cblr-2952	754	9	group	group	NOUN
cblr-2952	754	10	llc	llc	PROPN
cblr-2952	754	11	,	,	PUNCT
cblr-2952	754	12	(	(	PUNCT
cblr-2952	754	13	prospectus	prospectus	NOUN
cblr-2952	754	14	)	)	PUNCT
cblr-2952	754	15	,	,	PUNCT
cblr-2952	754	16	1	1	NUM
cblr-2952	754	17	(	(	PUNCT
cblr-2952	754	18	feb	feb	X
cblr-2952	754	19	.	.	PROPN
cblr-2952	754	20	8	8	NUM
cblr-2952	754	21	,	,	PUNCT
cblr-2952	754	22	2007	2007	NUM
cblr-2952	754	23	)	)	PUNCT
cblr-2952	755	1	[	[	X
cblr-2952	755	2	hereinafter	hereinafter	NOUN
cblr-2952	755	3	fortress	fortress	NOUN
cblr-2952	755	4	prospectus	prospectus	NOUN
cblr-2952	755	5	]	]	PUNCT
cblr-2952	755	6	.	.	PUNCT
cblr-2952	756	1	the	the	DET
cblr-2952	756	2	glg	glg	PROPN
cblr-2952	756	3	offering	offering	NOUN
cblr-2952	756	4	was	be	AUX
cblr-2952	756	5	accomplished	accomplish	VERB
cblr-2952	756	6	through	through	ADP
cblr-2952	756	7	a	a	DET
cblr-2952	756	8	merger	merger	NOUN
cblr-2952	756	9	with	with	ADP
cblr-2952	756	10	a	a	DET
cblr-2952	756	11	spac	spac	NOUN
cblr-2952	756	12	,	,	PUNCT
cblr-2952	756	13	freedom	freedom	PROPN
cblr-2952	756	14	acquisition	acquisition	PROPN
cblr-2952	756	15	corp	corp	PROPN
cblr-2952	756	16	.	.	PROPN
cblr-2952	756	17	rather	rather	ADV
cblr-2952	756	18	than	than	ADP
cblr-2952	756	19	a	a	DET
cblr-2952	756	20	direct	direct	ADJ
cblr-2952	756	21	offering	offering	NOUN
cblr-2952	756	22	of	of	ADP
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cblr-2952	756	24	.	.	PUNCT
cblr-2952	757	1	162	162	NUM
cblr-2952	757	2	aggregate	aggregate	ADJ
cblr-2952	757	3	initial	initial	ADJ
cblr-2952	757	4	public	public	ADJ
cblr-2952	757	5	offering	offering	NOUN
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cblr-2952	757	7	for	for	ADP
cblr-2952	757	8	2007	2007	NUM
cblr-2952	757	9	were	be	AUX
cblr-2952	757	10	$	$	SYM
cblr-2952	757	11	65.34	65.34	NUM
cblr-2952	757	12	billion	billion	NUM
cblr-2952	757	13	.	.	PUNCT
cblr-2952	758	1	see	see	VERB
cblr-2952	758	2	dealogic	dealogic	ADJ
cblr-2952	758	3	database	database	NOUN
cblr-2952	758	4	(	(	PUNCT
cblr-2952	758	5	search	search	NOUN
cblr-2952	758	6	data	datum	NOUN
cblr-2952	758	7	on	on	ADP
cblr-2952	758	8	file	file	NOUN
cblr-2952	758	9	with	with	ADP
cblr-2952	758	10	author	author	NOUN
cblr-2952	758	11	)	)	PUNCT
cblr-2952	758	12	.	.	PUNCT
cblr-2952	759	1	if	if	SCONJ
cblr-2952	759	2	glg	glg	PROPN
cblr-2952	759	3	partners	partner	NOUN
cblr-2952	759	4	is	be	AUX
cblr-2952	759	5	excluded	exclude	VERB
cblr-2952	759	6	,	,	PUNCT
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cblr-2952	759	9	fall	fall	VERB
cblr-2952	759	10	to	to	ADP
cblr-2952	759	11	$	$	SYM
cblr-2952	759	12	5.919	5.919	NUM
cblr-2952	759	13	billion	billion	NUM
cblr-2952	759	14	and	and	CCONJ
cblr-2952	759	15	9.1	9.1	NUM
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cblr-2952	759	17	,	,	PUNCT
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cblr-2952	759	19	.	.	PUNCT
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cblr-2952	760	3	do	do	AUX
cblr-2952	760	4	not	not	PART
cblr-2952	760	5	include	include	VERB
cblr-2952	760	6	american	american	ADJ
cblr-2952	760	7	real	real	ADJ
cblr-2952	760	8	estate	estate	NOUN
cblr-2952	760	9	partners	partner	NOUN
cblr-2952	760	10	l.p	l.p	PROPN
cblr-2952	760	11	.	.	PROPN
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cblr-2952	760	14	9	9	NUM
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cblr-2952	760	17	acquisition	acquisition	NOUN
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cblr-2952	760	20	initial	initial	ADJ
cblr-2952	760	21	payment	payment	NOUN
cblr-2952	760	22	of	of	ADP
cblr-2952	760	23	approximately	approximately	ADV
cblr-2952	760	24	$	$	SYM
cblr-2952	760	25	810	810	NUM
cblr-2952	760	26	million	million	NUM
cblr-2952	760	27	of	of	ADP
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cblr-2952	760	31	's	's	PART
cblr-2952	760	32	interests	interest	NOUN
cblr-2952	760	33	in	in	ADP
cblr-2952	760	34	the	the	DET
cblr-2952	760	35	management	management	NOUN
cblr-2952	760	36	company	company	NOUN
cblr-2952	760	37	and	and	CCONJ
cblr-2952	760	38	general	general	ADJ
cblr-2952	760	39	partners	partner	NOUN
cblr-2952	760	40	of	of	ADP
cblr-2952	760	41	the	the	DET
cblr-2952	760	42	icahn	icahn	PROPN
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cblr-2952	760	45	as	as	ADP
cblr-2952	760	46	of	of	ADP
cblr-2952	760	47	june	june	PROPN
cblr-2952	760	48	30	30	NUM
cblr-2952	760	49	,	,	PUNCT
cblr-2952	760	50	2007	2007	NUM
cblr-2952	760	51	had	have	VERB
cblr-2952	760	52	approximately	approximately	ADV
cblr-2952	760	53	$	$	SYM
cblr-2952	760	54	7	7	NUM
cblr-2952	760	55	billion	billion	NUM
cblr-2952	760	56	in	in	ADP
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cblr-2952	760	58	under	under	ADP
cblr-2952	760	59	management	management	NOUN
cblr-2952	760	60	.	.	PUNCT
cblr-2952	761	1	see	see	VERB
cblr-2952	761	2	american	american	ADJ
cblr-2952	761	3	real	real	ADJ
cblr-2952	761	4	estate	estate	NOUN
cblr-2952	761	5	partners	partner	NOUN
cblr-2952	761	6	l.p	l.p	PROPN
cblr-2952	761	7	.	.	PROPN
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cblr-2952	761	9	report	report	NOUN
cblr-2952	761	10	on	on	ADP
cblr-2952	761	11	form	form	NOUN
cblr-2952	761	12	8	8	NUM
cblr-2952	761	13	-	-	SYM
cblr-2952	761	14	k	k	X
cblr-2952	761	15	(	(	PUNCT
cblr-2952	761	16	aug	aug	PROPN
cblr-2952	761	17	.	.	PROPN
cblr-2952	761	18	9	9	NUM
cblr-2952	761	19	,	,	PUNCT
cblr-2952	761	20	2007	2007	NUM
cblr-2952	761	21	)	)	PUNCT
cblr-2952	761	22	.	.	PUNCT
cblr-2952	762	1	the	the	DET
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cblr-2952	762	3	was	be	AUX
cblr-2952	762	4	generally	generally	ADV
cblr-2952	762	5	viewed	view	VERB
cblr-2952	762	6	as	as	ADP
cblr-2952	762	7	an	an	DET
cblr-2952	762	8	alternative	alternative	ADJ
cblr-2952	762	9	way	way	NOUN
cblr-2952	762	10	for	for	SCONJ
cblr-2952	762	11	this	this	DET
cblr-2952	762	12	fund	fund	NOUN
cblr-2952	762	13	adviser	adviser	NOUN
cblr-2952	762	14	to	to	PART
cblr-2952	762	15	go	go	VERB
cblr-2952	762	16	public	public	ADJ
cblr-2952	762	17	.	.	PUNCT
cblr-2952	763	1	no	no	INTJ
cblr-2952	763	2	.	.	PUNCT
cblr-2952	764	1	1:172	1:172	NUM
cblr-2952	764	2	]	]	X
cblr-2952	764	3	columbia	columbia	PROPN
cblr-2952	764	4	business	business	PROPN
cblr-2952	764	5	la	la	PROPN
cblr-2952	764	6	w	w	PROPN
cblr-2952	764	7	re	re	PROPN
cblr-2952	764	8	vie	vie	PROPN
cblr-2952	764	9	w	w	PROPN
cblr-2952	764	10	these	these	DET
cblr-2952	764	11	investments	investment	NOUN
cblr-2952	764	12	is	be	AUX
cblr-2952	764	13	further	far	ADV
cblr-2952	764	14	exemplified	exemplify	VERB
cblr-2952	764	15	by	by	ADP
cblr-2952	764	16	the	the	DET
cblr-2952	764	17	intensity	intensity	NOUN
cblr-2952	764	18	of	of	ADP
cblr-2952	764	19	this	this	DET
cblr-2952	764	20	pent	pen	VERB
cblr-2952	764	21	-	-	PUNCT
cblr-2952	764	22	up	up	ADP
cblr-2952	764	23	demand	demand	NOUN
cblr-2952	764	24	;	;	PUNCT
cblr-2952	764	25	the	the	DET
cblr-2952	764	26	first	first	ADJ
cblr-2952	764	27	offering	offering	NOUN
cblr-2952	764	28	by	by	ADP
cblr-2952	764	29	fortress	fortress	NOUN
cblr-2952	764	30	was	be	AUX
cblr-2952	764	31	twenty	twenty	NUM
cblr-2952	764	32	-	-	PUNCT
cblr-2952	764	33	seven	seven	NUM
cblr-2952	764	34	times	time	NOUN
cblr-2952	764	35	oversubscribed	oversubscribe	VERB
cblr-2952	764	36	while	while	SCONJ
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cblr-2952	764	38	,	,	PUNCT
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cblr-2952	764	40	one	one	NUM
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cblr-2952	764	42	report	report	NOUN
cblr-2952	764	43	described	describe	VERB
cblr-2952	764	44	as	as	ADP
cblr-2952	764	45	"	"	PUNCT
cblr-2952	764	46	wildly	wildly	ADV
cblr-2952	764	47	"	"	PUNCT
cblr-2952	764	48	in	in	ADP
cblr-2952	764	49	demand	demand	NOUN
cblr-2952	764	50	,	,	PUNCT
cblr-2952	764	51	was	be	AUX
cblr-2952	764	52	seven	seven	NUM
cblr-2952	764	53	to	to	PART
cblr-2952	764	54	twelve	twelve	NUM
cblr-2952	764	55	times	time	NOUN
cblr-2952	764	56	oversubscribed	oversubscribed	ADJ
cblr-2952	764	57	.	.	PUNCT
cblr-2952	765	1	63	63	NUM
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cblr-2952	765	3	,	,	PUNCT
cblr-2952	765	4	as	as	ADP
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cblr-2952	765	6	evidence	evidence	NOUN
cblr-2952	765	7	of	of	ADP
cblr-2952	765	8	black	black	ADJ
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cblr-2952	765	10	capital	capital	NOUN
cblr-2952	765	11	,	,	PUNCT
cblr-2952	765	12	this	this	DET
cblr-2952	765	13	demand	demand	NOUN
cblr-2952	765	14	was	be	AUX
cblr-2952	765	15	reported	report	VERB
cblr-2952	765	16	to	to	PART
cblr-2952	765	17	be	be	AUX
cblr-2952	765	18	exceedingly	exceedingly	ADV
cblr-2952	765	19	strong	strong	ADJ
cblr-2952	765	20	among	among	ADP
cblr-2952	765	21	investors	investor	NOUN
cblr-2952	765	22	who	who	PRON
cblr-2952	765	23	were	be	AUX
cblr-2952	765	24	traditionally	traditionally	ADV
cblr-2952	765	25	unable	unable	ADJ
cblr-2952	765	26	163	163	NUM
cblr-2952	765	27	see	see	NOUN
cblr-2952	765	28	ben	ben	PROPN
cblr-2952	765	29	white	white	PROPN
cblr-2952	765	30	,	,	PUNCT
cblr-2952	765	31	retail	retail	ADJ
cblr-2952	765	32	investors	investor	NOUN
cblr-2952	765	33	get	get	VERB
cblr-2952	765	34	fortress	fortress	VERB
cblr-2952	765	35	off	off	ADP
cblr-2952	765	36	to	to	ADP
cblr-2952	765	37	flying	fly	VERB
cblr-2952	765	38	start	start	NOUN
cblr-2952	765	39	on	on	ADP
cblr-2952	765	40	wall	wall	PROPN
cblr-2952	765	41	street	street	PROPN
cblr-2952	765	42	,	,	PUNCT
cblr-2952	765	43	fin	fin	PROPN
cblr-2952	765	44	.	.	PUNCT
cblr-2952	766	1	times	times	PROPN
cblr-2952	766	2	(	(	PUNCT
cblr-2952	766	3	u.k	u.k	PROPN
cblr-2952	766	4	.	.	PROPN
cblr-2952	766	5	)	)	PUNCT
cblr-2952	767	1	(	(	PUNCT
cblr-2952	767	2	feb	feb	PROPN
cblr-2952	767	3	.	.	PROPN
cblr-2952	767	4	10	10	NUM
cblr-2952	767	5	,	,	PUNCT
cblr-2952	767	6	2007	2007	NUM
cblr-2952	767	7	)	)	PUNCT
cblr-2952	767	8	;	;	PUNCT
cblr-2952	767	9	andrew	andrew	PROPN
cblr-2952	767	10	bary	bary	PROPN
cblr-2952	767	11	,	,	PUNCT
cblr-2952	767	12	top	top	NOUN
cblr-2952	767	13	of	of	ADP
cblr-2952	767	14	the	the	DET
cblr-2952	767	15	market	market	NOUN
cblr-2952	767	16	,	,	PUNCT
cblr-2952	767	17	barron	barron	PROPN
cblr-2952	767	18	's	's	PART
cblr-2952	767	19	(	(	PUNCT
cblr-2952	767	20	june	june	PROPN
cblr-2952	767	21	23	23	NUM
cblr-2952	767	22	,	,	PUNCT
cblr-2952	767	23	2007	2007	NUM
cblr-2952	767	24	)	)	PUNCT
cblr-2952	767	25	.	.	PUNCT
cblr-2952	768	1	the	the	DET
cblr-2952	768	2	strength	strength	NOUN
cblr-2952	768	3	of	of	ADP
cblr-2952	768	4	demand	demand	NOUN
cblr-2952	768	5	for	for	ADP
cblr-2952	768	6	these	these	DET
cblr-2952	768	7	offerings	offering	NOUN
cblr-2952	768	8	was	be	AUX
cblr-2952	768	9	also	also	ADV
cblr-2952	768	10	evidenced	evidence	VERB
cblr-2952	768	11	by	by	ADP
cblr-2952	768	12	their	their	PRON
cblr-2952	768	13	aberrational	aberrational	ADJ
cblr-2952	768	14	corporate	corporate	ADJ
cblr-2952	768	15	structures	structure	NOUN
cblr-2952	768	16	.	.	PUNCT
cblr-2952	769	1	each	each	PRON
cblr-2952	769	2	of	of	ADP
cblr-2952	769	3	these	these	DET
cblr-2952	769	4	offerings	offering	NOUN
cblr-2952	769	5	was	be	AUX
cblr-2952	769	6	made	make	VERB
cblr-2952	769	7	on	on	ADP
cblr-2952	769	8	terms	term	NOUN
cblr-2952	769	9	substantially	substantially	ADV
cblr-2952	769	10	different	different	ADJ
cblr-2952	769	11	from	from	ADP
cblr-2952	769	12	those	those	PRON
cblr-2952	769	13	typical	typical	ADJ
cblr-2952	769	14	of	of	ADP
cblr-2952	769	15	initial	initial	ADJ
cblr-2952	769	16	public	public	ADJ
cblr-2952	769	17	offerings	offering	NOUN
cblr-2952	769	18	and	and	CCONJ
cblr-2952	769	19	in	in	ADP
cblr-2952	769	20	a	a	DET
cblr-2952	769	21	manner	manner	NOUN
cblr-2952	769	22	adverse	adverse	ADJ
cblr-2952	769	23	to	to	ADP
cblr-2952	769	24	public	public	ADJ
cblr-2952	769	25	investors	investor	NOUN
cblr-2952	769	26	.	.	PUNCT
cblr-2952	770	1	for	for	ADP
cblr-2952	770	2	example	example	NOUN
cblr-2952	770	3	,	,	PUNCT
cblr-2952	770	4	none	none	NOUN
cblr-2952	770	5	of	of	ADP
cblr-2952	770	6	the	the	DET
cblr-2952	770	7	securities	security	NOUN
cblr-2952	770	8	offered	offer	VERB
cblr-2952	770	9	by	by	ADP
cblr-2952	770	10	these	these	DET
cblr-2952	770	11	entities	entity	NOUN
cblr-2952	770	12	provided	provide	VERB
cblr-2952	770	13	for	for	ADP
cblr-2952	770	14	meaningful	meaningful	ADJ
cblr-2952	770	15	voting	voting	NOUN
cblr-2952	770	16	rights	right	NOUN
cblr-2952	770	17	for	for	ADP
cblr-2952	770	18	public	public	ADJ
cblr-2952	770	19	investors	investor	NOUN
cblr-2952	770	20	,	,	PUNCT
cblr-2952	770	21	instead	instead	ADV
cblr-2952	770	22	leaving	leave	VERB
cblr-2952	770	23	control	control	NOUN
cblr-2952	770	24	entirely	entirely	ADV
cblr-2952	770	25	to	to	ADP
cblr-2952	770	26	the	the	DET
cblr-2952	770	27	current	current	ADJ
cblr-2952	770	28	management	management	NOUN
cblr-2952	770	29	.	.	PUNCT
cblr-2952	771	1	this	this	PRON
cblr-2952	771	2	typically	typically	ADV
cblr-2952	771	3	left	leave	VERB
cblr-2952	771	4	not	not	PART
cblr-2952	771	5	only	only	ADV
cblr-2952	771	6	operational	operational	ADJ
cblr-2952	771	7	matters	matter	NOUN
cblr-2952	771	8	but	but	CCONJ
cblr-2952	771	9	distributions	distribution	NOUN
cblr-2952	771	10	of	of	ADP
cblr-2952	771	11	excess	excess	ADJ
cblr-2952	771	12	profits	profit	NOUN
cblr-2952	771	13	at	at	ADP
cblr-2952	771	14	their	their	PRON
cblr-2952	771	15	sole	sole	ADJ
cblr-2952	771	16	discretion	discretion	NOUN
cblr-2952	771	17	.	.	PUNCT
cblr-2952	772	1	see	see	VERB
cblr-2952	772	2	,	,	PUNCT
cblr-2952	772	3	e.g.	e.g.	ADV
cblr-2952	772	4	,	,	PUNCT
cblr-2952	772	5	blackstone	blackstone	NOUN
cblr-2952	772	6	prospectus	prospectus	NOUN
cblr-2952	772	7	,	,	PUNCT
cblr-2952	772	8	supra	supra	PROPN
cblr-2952	772	9	note	note	NOUN
cblr-2952	772	10	161	161	NUM
cblr-2952	772	11	,	,	PUNCT
cblr-2952	772	12	at	at	ADP
cblr-2952	772	13	24	24	NUM
cblr-2952	772	14	.	.	PUNCT
cblr-2952	773	1	in	in	ADP
cblr-2952	773	2	fact	fact	NOUN
cblr-2952	773	3	,	,	PUNCT
cblr-2952	773	4	the	the	DET
cblr-2952	773	5	limited	limited	ADJ
cblr-2952	773	6	partnership	partnership	NOUN
cblr-2952	773	7	structure	structure	NOUN
cblr-2952	773	8	utilized	utilize	VERB
cblr-2952	773	9	by	by	ADP
cblr-2952	773	10	blackstone	blackstone	NOUN
cblr-2952	773	11	permitted	permit	VERB
cblr-2952	773	12	it	it	PRON
cblr-2952	773	13	to	to	PART
cblr-2952	773	14	sidestep	sidestep	VERB
cblr-2952	773	15	the	the	DET
cblr-2952	773	16	nyse	nyse	PROPN
cblr-2952	773	17	rules	rule	NOUN
cblr-2952	773	18	concerning	concern	VERB
cblr-2952	773	19	independent	independent	ADJ
cblr-2952	773	20	directors	director	NOUN
cblr-2952	773	21	and	and	CCONJ
cblr-2952	773	22	nominating	nominating	NOUN
cblr-2952	773	23	and	and	CCONJ
cblr-2952	773	24	compensation	compensation	NOUN
cblr-2952	773	25	committee	committee	NOUN
cblr-2952	773	26	requirements	requirement	NOUN
cblr-2952	773	27	.	.	PUNCT
cblr-2952	774	1	see	see	VERB
cblr-2952	774	2	nyse	nyse	PROPN
cblr-2952	774	3	listed	list	VERB
cblr-2952	774	4	company	company	NOUN
cblr-2952	774	5	manual	manual	NOUN
cblr-2952	774	6	§	§	PROPN
cblr-2952	774	7	303a	303a	PROPN
cblr-2952	774	8	(	(	PUNCT
cblr-2952	774	9	2007	2007	NUM
cblr-2952	774	10	)	)	PUNCT
cblr-2952	774	11	.	.	PUNCT
cblr-2952	775	1	moreover	moreover	ADV
cblr-2952	775	2	,	,	PUNCT
cblr-2952	775	3	in	in	ADP
cblr-2952	775	4	every	every	DET
cblr-2952	775	5	one	one	NUM
cblr-2952	775	6	of	of	ADP
cblr-2952	775	7	these	these	DET
cblr-2952	775	8	offerings	offering	NOUN
cblr-2952	775	9	,	,	PUNCT
cblr-2952	775	10	the	the	DET
cblr-2952	775	11	adviser	adviser	NOUN
cblr-2952	775	12	's	's	PART
cblr-2952	775	13	management	management	NOUN
cblr-2952	775	14	and	and	CCONJ
cblr-2952	775	15	pre	pre	ADJ
cblr-2952	775	16	-	-	ADJ
cblr-2952	775	17	offer	offer	ADJ
cblr-2952	775	18	owners	owner	NOUN
cblr-2952	775	19	effectively	effectively	ADV
cblr-2952	775	20	sold	sell	VERB
cblr-2952	775	21	a	a	DET
cblr-2952	775	22	portion	portion	NOUN
cblr-2952	775	23	of	of	ADP
cblr-2952	775	24	their	their	PRON
cblr-2952	775	25	interests	interest	NOUN
cblr-2952	775	26	in	in	ADP
cblr-2952	775	27	the	the	DET
cblr-2952	775	28	offering	offering	NOUN
cblr-2952	775	29	.	.	PUNCT
cblr-2952	776	1	these	these	PRON
cblr-2952	776	2	were	be	AUX
cblr-2952	776	3	highly	highly	ADV
cblr-2952	776	4	unusual	unusual	ADJ
cblr-2952	776	5	terms	term	NOUN
cblr-2952	776	6	for	for	ADP
cblr-2952	776	7	a	a	DET
cblr-2952	776	8	u.s	u.s	PROPN
cblr-2952	776	9	.	.	PROPN
cblr-2952	776	10	initial	initial	ADJ
cblr-2952	776	11	public	public	ADJ
cblr-2952	776	12	offering	offering	NOUN
cblr-2952	776	13	.	.	PUNCT
cblr-2952	777	1	typically	typically	ADV
cblr-2952	777	2	,	,	PUNCT
cblr-2952	777	3	in	in	ADP
cblr-2952	777	4	an	an	DET
cblr-2952	777	5	initial	initial	ADJ
cblr-2952	777	6	public	public	ADJ
cblr-2952	777	7	offering	offering	NOUN
cblr-2952	777	8	,	,	PUNCT
cblr-2952	777	9	the	the	DET
cblr-2952	777	10	sold	sell	VERB
cblr-2952	777	11	security	security	NOUN
cblr-2952	777	12	has	have	VERB
cblr-2952	777	13	full	full	ADJ
cblr-2952	777	14	voting	voting	NOUN
cblr-2952	777	15	rights	right	NOUN
cblr-2952	777	16	and	and	CCONJ
cblr-2952	777	17	the	the	DET
cblr-2952	777	18	owners	owner	NOUN
cblr-2952	777	19	agree	agree	VERB
cblr-2952	777	20	not	not	PART
cblr-2952	777	21	to	to	PART
cblr-2952	777	22	sell	sell	VERB
cblr-2952	777	23	in	in	ADP
cblr-2952	777	24	the	the	DET
cblr-2952	777	25	offering	offering	NOUN
cblr-2952	777	26	but	but	CCONJ
cblr-2952	777	27	rather	rather	ADV
cblr-2952	777	28	hold	hold	VERB
cblr-2952	777	29	their	their	PRON
cblr-2952	777	30	shares	share	NOUN
cblr-2952	777	31	for	for	ADP
cblr-2952	777	32	a	a	DET
cblr-2952	777	33	180	180	NUM
cblr-2952	777	34	-	-	PUNCT
cblr-2952	777	35	day	day	NOUN
cblr-2952	777	36	post	post	ADJ
cblr-2952	777	37	-	-	ADJ
cblr-2952	777	38	offering	offering	ADJ
cblr-2952	777	39	lock	lock	NOUN
cblr-2952	777	40	-	-	PUNCT
cblr-2952	777	41	up	up	ADP
cblr-2952	777	42	period	period	NOUN
cblr-2952	777	43	.	.	PUNCT
cblr-2952	778	1	voting	voting	NOUN
cblr-2952	778	2	rights	right	NOUN
cblr-2952	778	3	are	be	AUX
cblr-2952	778	4	also	also	ADV
cblr-2952	778	5	provided	provide	VERB
cblr-2952	778	6	as	as	ADP
cblr-2952	778	7	a	a	DET
cblr-2952	778	8	basic	basic	ADJ
cblr-2952	778	9	corporate	corporate	ADJ
cblr-2952	778	10	governance	governance	NOUN
cblr-2952	778	11	requirement	requirement	NOUN
cblr-2952	778	12	to	to	PART
cblr-2952	778	13	ensure	ensure	VERB
cblr-2952	778	14	proper	proper	ADJ
cblr-2952	778	15	shareholder	shareholder	NOUN
cblr-2952	778	16	monitoring	monitoring	NOUN
cblr-2952	778	17	and	and	CCONJ
cblr-2952	778	18	continued	continued	ADJ
cblr-2952	778	19	viability	viability	NOUN
cblr-2952	778	20	of	of	ADP
cblr-2952	778	21	a	a	DET
cblr-2952	778	22	potentially	potentially	ADV
cblr-2952	778	23	long	long	ADJ
cblr-2952	778	24	-	-	PUNCT
cblr-2952	778	25	term	term	NOUN
cblr-2952	778	26	investment	investment	NOUN
cblr-2952	778	27	.	.	PUNCT
cblr-2952	779	1	the	the	DET
cblr-2952	779	2	only	only	ADJ
cblr-2952	779	3	offerings	offering	NOUN
cblr-2952	779	4	that	that	PRON
cblr-2952	779	5	have	have	AUX
cblr-2952	779	6	successfully	successfully	ADV
cblr-2952	779	7	deviated	deviate	VERB
cblr-2952	779	8	from	from	ADP
cblr-2952	779	9	these	these	DET
cblr-2952	779	10	practices	practice	NOUN
cblr-2952	779	11	are	be	AUX
cblr-2952	779	12	those	those	PRON
cblr-2952	779	13	where	where	SCONJ
cblr-2952	779	14	demand	demand	NOUN
cblr-2952	779	15	is	be	AUX
cblr-2952	779	16	exceedingly	exceedingly	ADV
cblr-2952	779	17	heavy	heavy	ADJ
cblr-2952	779	18	,	,	PUNCT
cblr-2952	779	19	such	such	ADJ
cblr-2952	779	20	as	as	ADP
cblr-2952	779	21	in	in	ADP
cblr-2952	779	22	the	the	DET
cblr-2952	779	23	recent	recent	ADJ
cblr-2952	779	24	offering	offering	NOUN
cblr-2952	779	25	of	of	ADP
cblr-2952	779	26	google	google	PROPN
cblr-2952	779	27	inc	inc	PROPN
cblr-2952	779	28	..	..	PROPN
cblr-2952	779	29	see	see	VERB
cblr-2952	779	30	alex	alex	PROPN
cblr-2952	779	31	berenson	berenson	PROPN
cblr-2952	779	32	,	,	PUNCT
cblr-2952	779	33	google	google	PROPN
cblr-2952	779	34	says	say	VERB
cblr-2952	779	35	to	to	ADP
cblr-2952	779	36	investors	investor	NOUN
cblr-2952	779	37	:	:	PUNCT
cblr-2952	779	38	do	do	AUX
cblr-2952	779	39	n't	not	PART
cblr-2952	779	40	think	think	VERB
cblr-2952	779	41	of	of	ADP
cblr-2952	779	42	flipping	flip	VERB
cblr-2952	779	43	,	,	PUNCT
cblr-2952	779	44	n.y	n.y	PROPN
cblr-2952	779	45	.	.	PROPN
cblr-2952	779	46	times	times	PROPN
cblr-2952	779	47	,	,	PUNCT
cblr-2952	779	48	apr	apr	PROPN
cblr-2952	779	49	.	.	PROPN
cblr-2952	779	50	30	30	NUM
cblr-2952	779	51	,	,	PUNCT
cblr-2952	779	52	2004	2004	NUM
cblr-2952	779	53	,	,	PUNCT
cblr-2952	779	54	at	at	ADP
cblr-2952	779	55	c1	c1	PROPN
cblr-2952	779	56	(	(	PUNCT
cblr-2952	779	57	reporting	report	VERB
cblr-2952	779	58	that	that	SCONJ
cblr-2952	779	59	"	"	PUNCT
cblr-2952	779	60	google	google	PROPN
cblr-2952	779	61	can	can	AUX
cblr-2952	779	62	behave	behave	VERB
cblr-2952	779	63	with	with	ADP
cblr-2952	779	64	so	so	ADV
cblr-2952	779	65	little	little	ADJ
cblr-2952	779	66	regard	regard	NOUN
cblr-2952	779	67	for	for	ADP
cblr-2952	779	68	shareholders	shareholder	NOUN
cblr-2952	779	69	'	'	PART
cblr-2952	779	70	wishes	wish	VERB
cblr-2952	780	1	[	[	X
cblr-2952	780	2	by	by	ADP
cblr-2952	780	3	erecting	erect	VERB
cblr-2952	780	4	a	a	DET
cblr-2952	780	5	dual	dual	ADJ
cblr-2952	780	6	-	-	PUNCT
cblr-2952	780	7	class	class	NOUN
cblr-2952	780	8	structure	structure	NOUN
cblr-2952	780	9	]	]	PUNCT
cblr-2952	780	10	because	because	SCONJ
cblr-2952	780	11	its	its	PRON
cblr-2952	780	12	business	business	NOUN
cblr-2952	780	13	is	be	AUX
cblr-2952	780	14	so	so	ADV
cblr-2952	780	15	attractive	attractive	ADJ
cblr-2952	780	16	that	that	SCONJ
cblr-2952	780	17	investors	investor	NOUN
cblr-2952	780	18	will	will	AUX
cblr-2952	780	19	be	be	AUX
cblr-2952	780	20	clamoring	clamor	VERB
cblr-2952	780	21	to	to	PART
cblr-2952	780	22	buy	buy	VERB
cblr-2952	780	23	stock	stock	NOUN
cblr-2952	780	24	no	no	ADV
cblr-2952	780	25	matter	matter	ADV
cblr-2952	780	26	what	what	DET
cblr-2952	780	27	conditions	condition	NOUN
cblr-2952	780	28	the	the	DET
cblr-2952	780	29	company	company	NOUN
cblr-2952	780	30	sets	set	VERB
cblr-2952	780	31	"	"	PUNCT
cblr-2952	780	32	)	)	PUNCT
cblr-2952	780	33	.	.	PUNCT
cblr-2952	781	1	this	this	PRON
cblr-2952	781	2	is	be	AUX
cblr-2952	781	3	likely	likely	ADJ
cblr-2952	781	4	because	because	SCONJ
cblr-2952	781	5	studies	study	NOUN
cblr-2952	781	6	have	have	AUX
cblr-2952	781	7	found	find	VERB
cblr-2952	781	8	that	that	SCONJ
cblr-2952	781	9	holders	holder	NOUN
cblr-2952	781	10	of	of	ADP
cblr-2952	781	11	dual	dual	ADJ
cblr-2952	781	12	class	class	NOUN
cblr-2952	781	13	stock	stock	NOUN
cblr-2952	781	14	tend	tend	VERB
cblr-2952	781	15	to	to	PART
cblr-2952	781	16	exercise	exercise	VERB
cblr-2952	781	17	their	their	PRON
cblr-2952	781	18	private	private	ADJ
cblr-2952	781	19	benefits	benefit	NOUN
cblr-2952	781	20	of	of	ADP
cblr-2952	781	21	control	control	NOUN
cblr-2952	781	22	in	in	ADP
cblr-2952	781	23	greater	great	ADJ
cblr-2952	781	24	amount	amount	NOUN
cblr-2952	781	25	and	and	CCONJ
cblr-2952	781	26	that	that	SCONJ
cblr-2952	781	27	their	their	PRON
cblr-2952	781	28	reduced	reduce	VERB
cblr-2952	781	29	cash	cash	NOUN
cblr-2952	781	30	flow	flow	NOUN
cblr-2952	781	31	rights	right	NOUN
cblr-2952	781	32	in	in	ADP
cblr-2952	781	33	relation	relation	NOUN
cblr-2952	781	34	to	to	ADP
cblr-2952	781	35	their	their	PRON
cblr-2952	781	36	voting	voting	NOUN
cblr-2952	781	37	control	control	NOUN
cblr-2952	781	38	negatively	negatively	ADV
cblr-2952	781	39	effects	effect	NOUN
cblr-2952	781	40	firm	firm	ADJ
cblr-2952	781	41	value	value	NOUN
cblr-2952	781	42	.	.	PUNCT
cblr-2952	782	1	see	see	VERB
cblr-2952	782	2	paul	paul	PROPN
cblr-2952	782	3	a.	a.	PROPN
cblr-2952	782	4	gompers	gompers	PROPN
cblr-2952	782	5	et	et	PROPN
cblr-2952	782	6	al	al	PROPN
cblr-2952	782	7	.	.	PROPN
cblr-2952	782	8	,	,	PUNCT
cblr-2952	782	9	extreme	extreme	ADJ
cblr-2952	782	10	governance	governance	NOUN
cblr-2952	782	11	:	:	PUNCT
cblr-2952	782	12	an	an	DET
cblr-2952	782	13	analysis	analysis	NOUN
cblr-2952	782	14	of	of	ADP
cblr-2952	782	15	dual	dual	ADJ
cblr-2952	782	16	class	class	NOUN
cblr-2952	782	17	firms	firm	NOUN
cblr-2952	782	18	in	in	ADP
cblr-2952	782	19	the	the	DET
cblr-2952	782	20	united	united	PROPN
cblr-2952	782	21	states	states	PROPN
cblr-2952	782	22	,	,	PUNCT
cblr-2952	782	23	6	6	NUM
cblr-2952	782	24	(	(	PUNCT
cblr-2952	782	25	2007	2007	NUM
cblr-2952	782	26	)	)	PUNCT
cblr-2952	782	27	,	,	PUNCT
cblr-2952	782	28	http://ssrn.com/abstract=562511	http://ssrn.com/abstract=562511	PROPN
cblr-2952	782	29	(	(	PUNCT
cblr-2952	782	30	last	last	ADJ
cblr-2952	782	31	visited	visit	VERB
cblr-2952	782	32	feb	feb	PROPN
cblr-2952	782	33	.	.	PROPN
cblr-2952	782	34	4	4	NUM
cblr-2952	782	35	,	,	PUNCT
cblr-2952	782	36	2008	2008	NUM
cblr-2952	782	37	)	)	PUNCT
cblr-2952	782	38	(	(	PUNCT
cblr-2952	782	39	"	"	PUNCT
cblr-2952	782	40	we	we	PRON
cblr-2952	782	41	find	find	VERB
cblr-2952	782	42	strong	strong	ADJ
cblr-2952	782	43	evidence	evidence	NOUN
cblr-2952	782	44	that	that	SCONJ
cblr-2952	782	45	firm	firm	ADJ
cblr-2952	782	46	value	value	NOUN
cblr-2952	782	47	is	be	AUX
cblr-2952	782	48	positively	positively	ADV
cblr-2952	782	49	associated	associate	VERB
cblr-2952	782	50	with	with	ADP
cblr-2952	782	51	insiders	insider	NOUN
cblr-2952	782	52	'	'	PART
cblr-2952	782	53	cash	cash	NOUN
cblr-2952	782	54	-	-	PUNCT
cblr-2952	782	55	flow	flow	NOUN
cblr-2952	782	56	rights	right	NOUN
cblr-2952	782	57	.	.	PUNCT
cblr-2952	782	58	"	"	PUNCT
cblr-2952	782	59	)	)	PUNCT
cblr-2952	782	60	.	.	PUNCT
cblr-2952	783	1	[	[	X
cblr-2952	783	2	vol	vol	NOUN
cblr-2952	783	3	.	.	NOUN
cblr-2952	783	4	2008	2008	NUM
cblr-2952	783	5	to	to	PART
cblr-2952	783	6	access	access	VERB
cblr-2952	783	7	blackstone	blackstone	NOUN
cblr-2952	783	8	's	's	PART
cblr-2952	783	9	funds	fund	NOUN
cblr-2952	783	10	but	but	CCONJ
cblr-2952	783	11	otherwise	otherwise	ADV
cblr-2952	783	12	had	have	VERB
cblr-2952	783	13	access	access	NOUN
cblr-2952	783	14	to	to	ADP
cblr-2952	783	15	initial	initial	ADJ
cblr-2952	783	16	public	public	ADJ
cblr-2952	783	17	offerings	offering	NOUN
cblr-2952	783	18	:	:	PUNCT
cblr-2952	783	19	investors	investor	NOUN
cblr-2952	783	20	with	with	ADP
cblr-2952	783	21	one	one	NUM
cblr-2952	783	22	million	million	NUM
cblr-2952	783	23	to	to	PART
cblr-2952	783	24	ten	ten	NUM
cblr-2952	783	25	million	million	NUM
cblr-2952	783	26	dollars	dollar	NOUN
cblr-2952	783	27	in	in	ADP
cblr-2952	783	28	investable	investable	ADJ
cblr-2952	783	29	assets	asset	NOUN
cblr-2952	783	30	.	.	PUNCT
cblr-2952	783	31	'	'	PUNCT
cblr-2952	784	1	moreover	moreover	ADV
cblr-2952	784	2	,	,	PUNCT
cblr-2952	784	3	throughout	throughout	ADP
cblr-2952	784	4	the	the	DET
cblr-2952	784	5	news	news	NOUN
cblr-2952	784	6	media	medium	NOUN
cblr-2952	784	7	as	as	ADV
cblr-2952	784	8	well	well	ADV
cblr-2952	784	9	as	as	ADP
cblr-2952	784	10	in	in	ADP
cblr-2952	784	11	industry	industry	NOUN
cblr-2952	784	12	analyst	analyst	NOUN
cblr-2952	784	13	reports	report	VERB
cblr-2952	784	14	,	,	PUNCT
cblr-2952	784	15	the	the	DET
cblr-2952	784	16	reason	reason	NOUN
cblr-2952	784	17	for	for	ADP
cblr-2952	784	18	the	the	DET
cblr-2952	784	19	popularity	popularity	NOUN
cblr-2952	784	20	of	of	ADP
cblr-2952	784	21	these	these	DET
cblr-2952	784	22	offerings	offering	NOUN
cblr-2952	784	23	was	be	AUX
cblr-2952	784	24	attributed	attribute	VERB
cblr-2952	784	25	to	to	ADP
cblr-2952	784	26	the	the	DET
cblr-2952	784	27	opportunity	opportunity	NOUN
cblr-2952	784	28	for	for	SCONJ
cblr-2952	784	29	investors	investor	NOUN
cblr-2952	784	30	traditionally	traditionally	ADV
cblr-2952	784	31	shut	shut	VERB
cblr-2952	784	32	out	out	ADP
cblr-2952	784	33	of	of	ADP
cblr-2952	784	34	hedge	hedge	NOUN
cblr-2952	784	35	fund	fund	NOUN
cblr-2952	784	36	and	and	CCONJ
cblr-2952	784	37	private	private	ADJ
cblr-2952	784	38	equity	equity	NOUN
cblr-2952	784	39	investments	investment	NOUN
cblr-2952	784	40	to	to	PART
cblr-2952	784	41	finally	finally	ADV
cblr-2952	784	42	partcipate.165	partcipate.165	VERB
cblr-2952	784	43	finally	finally	ADV
cblr-2952	784	44	,	,	PUNCT
cblr-2952	784	45	demand	demand	NOUN
cblr-2952	784	46	for	for	ADP
cblr-2952	784	47	these	these	DET
cblr-2952	784	48	investments	investment	NOUN
cblr-2952	784	49	has	have	AUX
cblr-2952	784	50	come	come	VERB
cblr-2952	784	51	almost	almost	ADV
cblr-2952	784	52	solely	solely	ADV
cblr-2952	784	53	from	from	ADP
cblr-2952	784	54	the	the	DET
cblr-2952	784	55	demand	demand	NOUN
cblr-2952	784	56	-	-	PUNCT
cblr-2952	784	57	side	side	NOUN
cblr-2952	784	58	.	.	PUNCT
cblr-2952	785	1	hedge	hedge	NOUN
cblr-2952	785	2	fund	fund	PROPN
cblr-2952	785	3	and	and	CCONJ
cblr-2952	785	4	private	private	ADJ
cblr-2952	785	5	equity	equity	NOUN
cblr-2952	785	6	advisers	adviser	NOUN
cblr-2952	785	7	are	be	AUX
cblr-2952	785	8	relatively	relatively	ADV
cblr-2952	785	9	low	low	ADJ
cblr-2952	785	10	capital	capital	NOUN
cblr-2952	785	11	businesses.166	businesses.166	NOUN
cblr-2952	786	1	these	these	DET
cblr-2952	786	2	offerings	offering	NOUN
cblr-2952	786	3	were	be	AUX
cblr-2952	786	4	thus	thus	ADV
cblr-2952	786	5	not	not	PART
cblr-2952	786	6	a	a	DET
cblr-2952	786	7	product	product	NOUN
cblr-2952	786	8	of	of	ADP
cblr-2952	786	9	these	these	DET
cblr-2952	786	10	fund	fund	NOUN
cblr-2952	786	11	advisers	adviser	NOUN
cblr-2952	786	12	'	'	PART
cblr-2952	786	13	need	need	NOUN
cblr-2952	786	14	for	for	ADP
cblr-2952	786	15	capital	capital	NOUN
cblr-2952	786	16	,	,	PUNCT
cblr-2952	786	17	but	but	CCONJ
cblr-2952	786	18	rather	rather	ADV
cblr-2952	786	19	the	the	DET
cblr-2952	786	20	result	result	NOUN
cblr-2952	786	21	of	of	ADP
cblr-2952	786	22	investor	investor	NOUN
cblr-2952	786	23	demand	demand	NOUN
cblr-2952	786	24	for	for	ADP
cblr-2952	786	25	partici164	partici164	PROPN
cblr-2952	786	26	see	see	VERB
cblr-2952	786	27	joel	joel	PROPN
cblr-2952	786	28	bel	bel	PROPN
cblr-2952	786	29	bruno	bruno	PROPN
cblr-2952	786	30	,	,	PUNCT
cblr-2952	786	31	blackstone	blackstone	NOUN
cblr-2952	786	32	courts	court	NOUN
cblr-2952	786	33	wealthy	wealthy	ADJ
cblr-2952	786	34	buyers	buyer	NOUN
cblr-2952	786	35	in	in	ADP
cblr-2952	786	36	ipo	ipo	PROPN
cblr-2952	786	37	,	,	PUNCT
cblr-2952	786	38	ap	ap	PROPN
cblr-2952	786	39	wires	wire	NOUN
cblr-2952	786	40	,	,	PUNCT
cblr-2952	786	41	june	june	PROPN
cblr-2952	786	42	13	13	NUM
cblr-2952	786	43	,	,	PUNCT
cblr-2952	786	44	2007	2007	NUM
cblr-2952	786	45	,	,	PUNCT
cblr-2952	786	46	http://www.foxnews.conwires/2007jun13/	http://www.foxnews.conwires/2007jun13/	PROPN
cblr-2952	786	47	0,4670,blackstoneipo,00.html	0,4670,blackstoneipo,00.html	PROPN
cblr-2952	787	1	(	(	PUNCT
cblr-2952	787	2	last	last	ADV
cblr-2952	787	3	visited	visit	VERB
cblr-2952	787	4	on	on	ADP
cblr-2952	787	5	jan	jan	PROPN
cblr-2952	787	6	.	.	PROPN
cblr-2952	787	7	23	23	NUM
cblr-2952	787	8	,	,	PUNCT
cblr-2952	787	9	2008	2008	NUM
cblr-2952	787	10	)	)	PUNCT
cblr-2952	787	11	(	(	PUNCT
cblr-2952	787	12	reporting	report	VERB
cblr-2952	787	13	that	that	SCONJ
cblr-2952	787	14	there	there	PRON
cblr-2952	787	15	"	"	PUNCT
cblr-2952	787	16	is	be	AUX
cblr-2952	787	17	expected	expect	VERB
cblr-2952	787	18	to	to	PART
cblr-2952	787	19	be	be	AUX
cblr-2952	787	20	strong	strong	ADJ
cblr-2952	787	21	interest	interest	NOUN
cblr-2952	787	22	in	in	ADP
cblr-2952	787	23	the	the	DET
cblr-2952	787	24	deal	deal	NOUN
cblr-2952	787	25	from	from	ADP
cblr-2952	787	26	those	those	DET
cblr-2952	787	27	institutions	institution	NOUN
cblr-2952	787	28	and	and	CCONJ
cblr-2952	787	29	wealthy	wealthy	ADJ
cblr-2952	787	30	investors	investor	NOUN
cblr-2952	787	31	who	who	PRON
cblr-2952	787	32	have	have	AUX
cblr-2952	787	33	never	never	ADV
cblr-2952	787	34	before	before	ADV
cblr-2952	787	35	had	have	VERB
cblr-2952	787	36	access	access	NOUN
cblr-2952	787	37	to	to	ADP
cblr-2952	787	38	the	the	DET
cblr-2952	787	39	world	world	NOUN
cblr-2952	787	40	of	of	ADP
cblr-2952	787	41	private	private	ADJ
cblr-2952	787	42	equity	equity	NOUN
cblr-2952	787	43	"	"	PUNCT
cblr-2952	787	44	)	)	PUNCT
cblr-2952	787	45	.	.	PUNCT
cblr-2952	788	1	165	165	NUM
cblr-2952	788	2	see	see	VERB
cblr-2952	788	3	,	,	PUNCT
cblr-2952	788	4	e.g.	e.g.	ADV
cblr-2952	788	5	,	,	PUNCT
cblr-2952	788	6	michael	michael	PROPN
cblr-2952	788	7	de	de	PROPN
cblr-2952	788	8	la	la	PROPN
cblr-2952	788	9	merced	merced	PROPN
cblr-2952	788	10	,	,	PUNCT
cblr-2952	788	11	fortress	fortress	NOUN
cblr-2952	788	12	goes	go	VERB
cblr-2952	788	13	public	public	ADJ
cblr-2952	788	14	,	,	PUNCT
cblr-2952	788	15	a	a	DET
cblr-2952	788	16	first	first	ADJ
cblr-2952	788	17	for	for	ADP
cblr-2952	788	18	hedge	hedge	NOUN
cblr-2952	788	19	funds	fund	NOUN
cblr-2952	788	20	inside	inside	ADP
cblr-2952	788	21	u.s	u.s	PROPN
cblr-2952	788	22	.	.	PROPN
cblr-2952	788	23	,	,	PUNCT
cblr-2952	788	24	n.y	n.y	PROPN
cblr-2952	788	25	.	.	PROPN
cblr-2952	788	26	times	times	PROPN
cblr-2952	788	27	,	,	PUNCT
cblr-2952	788	28	feb	feb	PROPN
cblr-2952	788	29	.	.	PROPN
cblr-2952	788	30	9	9	NUM
cblr-2952	788	31	,	,	PUNCT
cblr-2952	788	32	2007	2007	NUM
cblr-2952	788	33	,	,	PUNCT
cblr-2952	788	34	at	at	ADP
cblr-2952	788	35	c2	c2	PROPN
cblr-2952	788	36	(	(	PUNCT
cblr-2952	788	37	reporting	report	VERB
cblr-2952	788	38	that	that	SCONJ
cblr-2952	788	39	the	the	DET
cblr-2952	788	40	fortress	fortress	NOUN
cblr-2952	788	41	initial	initial	ADJ
cblr-2952	788	42	public	public	ADJ
cblr-2952	788	43	offering	offering	NOUN
cblr-2952	788	44	"	"	PUNCT
cblr-2952	788	45	was	be	AUX
cblr-2952	788	46	eagerly	eagerly	ADV
cblr-2952	788	47	anticipated	anticipate	VERB
cblr-2952	788	48	because	because	SCONJ
cblr-2952	788	49	it	it	PRON
cblr-2952	788	50	gives	give	VERB
cblr-2952	788	51	a	a	DET
cblr-2952	788	52	much	much	ADV
cblr-2952	788	53	bigger	big	ADJ
cblr-2952	788	54	pool	pool	NOUN
cblr-2952	788	55	of	of	ADP
cblr-2952	788	56	investors	investor	NOUN
cblr-2952	788	57	the	the	DET
cblr-2952	788	58	opportunity	opportunity	NOUN
cblr-2952	788	59	to	to	PART
cblr-2952	788	60	share	share	VERB
cblr-2952	788	61	in	in	ADP
cblr-2952	788	62	the	the	DET
cblr-2952	788	63	returns	return	NOUN
cblr-2952	788	64	of	of	ADP
cblr-2952	788	65	hedge	hedge	NOUN
cblr-2952	788	66	funds	fund	NOUN
cblr-2952	788	67	and	and	CCONJ
cblr-2952	788	68	private	private	ADJ
cblr-2952	788	69	equity	equity	NOUN
cblr-2952	788	70	"	"	PUNCT
cblr-2952	788	71	)	)	PUNCT
cblr-2952	788	72	;	;	PUNCT
cblr-2952	788	73	yung	yung	PROPN
cblr-2952	788	74	kim	kim	PROPN
cblr-2952	788	75	,	,	PUNCT
cblr-2952	788	76	fortress	fortress	VERB
cblr-2952	788	77	success	success	NOUN
cblr-2952	788	78	to	to	PART
cblr-2952	788	79	spur	spur	VERB
cblr-2952	788	80	followers	follower	NOUN
cblr-2952	788	81	,	,	PUNCT
cblr-2952	788	82	hedgeworld	hedgeworld	NOUN
cblr-2952	788	83	news	news	PROPN
cblr-2952	788	84	,	,	PUNCT
cblr-2952	788	85	feb	feb	PROPN
cblr-2952	788	86	.	.	PROPN
cblr-2952	788	87	12	12	NUM
cblr-2952	788	88	,	,	PUNCT
cblr-2952	788	89	2007	2007	NUM
cblr-2952	788	90	,	,	PUNCT
cblr-2952	788	91	available	available	ADJ
cblr-2952	788	92	at	at	ADP
cblr-2952	788	93	http://www.reuters.com/article/newissuesnews/idusn0943292320070209	http://www.reuters.com/article/newissuesnews/idusn0943292320070209	NOUN
cblr-2952	788	94	(	(	PUNCT
cblr-2952	788	95	last	last	ADV
cblr-2952	788	96	visited	visit	VERB
cblr-2952	788	97	july	july	PROPN
cblr-2952	788	98	31	31	NUM
cblr-2952	788	99	,	,	PUNCT
cblr-2952	788	100	2007	2007	NUM
cblr-2952	788	101	)	)	PUNCT
cblr-2952	788	102	(	(	PUNCT
cblr-2952	788	103	"	"	PUNCT
cblr-2952	788	104	the	the	DET
cblr-2952	788	105	listing	listing	NOUN
cblr-2952	788	106	also	also	ADV
cblr-2952	788	107	gives	give	VERB
cblr-2952	788	108	anyone	anyone	PRON
cblr-2952	788	109	with	with	ADP
cblr-2952	788	110	a	a	DET
cblr-2952	788	111	trading	trading	NOUN
cblr-2952	788	112	account	account	NOUN
cblr-2952	788	113	and	and	CCONJ
cblr-2952	788	114	some	some	DET
cblr-2952	788	115	cash	cash	NOUN
cblr-2952	788	116	the	the	DET
cblr-2952	788	117	opportunity	opportunity	NOUN
cblr-2952	788	118	to	to	PART
cblr-2952	788	119	do	do	AUX
cblr-2952	788	120	an	an	DET
cblr-2952	788	121	end	end	NOUN
cblr-2952	788	122	run	run	VERB
cblr-2952	788	123	around	around	ADP
cblr-2952	788	124	"	"	PUNCT
cblr-2952	788	125	sec	sec	PROPN
cblr-2952	788	126	rules	rule	NOUN
cblr-2952	788	127	prohibiting	prohibit	VERB
cblr-2952	788	128	listing	listing	NOUN
cblr-2952	788	129	of	of	ADP
cblr-2952	788	130	private	private	ADJ
cblr-2952	788	131	equity	equity	NOUN
cblr-2952	788	132	and	and	CCONJ
cblr-2952	788	133	hedge	hedge	NOUN
cblr-2952	788	134	funds	fund	NOUN
cblr-2952	788	135	)	)	PUNCT
cblr-2952	788	136	;	;	PUNCT
cblr-2952	788	137	white	white	ADJ
cblr-2952	788	138	,	,	PUNCT
cblr-2952	788	139	retail	retail	ADJ
cblr-2952	788	140	investors	investor	NOUN
cblr-2952	788	141	,	,	PUNCT
cblr-2952	788	142	supra	supra	PROPN
cblr-2952	788	143	note	note	PROPN
cblr-2952	788	144	163	163	NUM
cblr-2952	788	145	(	(	PUNCT
cblr-2952	788	146	quoting	quote	VERB
cblr-2952	788	147	professor	professor	NOUN
cblr-2952	788	148	jay	jay	PROPN
cblr-2952	788	149	ritter	ritter	PROPN
cblr-2952	788	150	as	as	ADP
cblr-2952	788	151	stating	state	VERB
cblr-2952	788	152	"	"	PUNCT
cblr-2952	788	153	i	i	PRON
cblr-2952	788	154	find	find	VERB
cblr-2952	788	155	the	the	DET
cblr-2952	788	156	valuation	valuation	NOUN
cblr-2952	788	157	[	[	X
cblr-2952	788	158	for	for	ADP
cblr-2952	788	159	fortress	fortress	NOUN
cblr-2952	788	160	]	]	PUNCT
cblr-2952	788	161	amazing	amazing	ADJ
cblr-2952	788	162	....	....	PUNCT
cblr-2952	789	1	apparently	apparently	ADV
cblr-2952	789	2	there	there	PRON
cblr-2952	789	3	is	be	VERB
cblr-2952	789	4	huge	huge	ADJ
cblr-2952	789	5	demand	demand	NOUN
cblr-2952	789	6	from	from	ADP
cblr-2952	789	7	small	small	ADJ
cblr-2952	789	8	investors	investor	NOUN
cblr-2952	789	9	to	to	PART
cblr-2952	789	10	get	get	VERB
cblr-2952	789	11	into	into	ADP
cblr-2952	789	12	hedge	hedge	NOUN
cblr-2952	789	13	funds	fund	NOUN
cblr-2952	789	14	and	and	CCONJ
cblr-2952	789	15	private	private	ADJ
cblr-2952	789	16	equity	equity	NOUN
cblr-2952	789	17	.	.	PUNCT
cblr-2952	790	1	and	and	CCONJ
cblr-2952	790	2	i	i	PRON
cblr-2952	790	3	suspect	suspect	VERB
cblr-2952	790	4	(	(	PUNCT
cblr-2952	790	5	that	that	PRON
cblr-2952	790	6	)	)	PUNCT
cblr-2952	790	7	when	when	SCONJ
cblr-2952	790	8	other	other	ADJ
cblr-2952	790	9	similar	similar	ADJ
cblr-2952	790	10	funds	fund	NOUN
cblr-2952	790	11	see	see	VERB
cblr-2952	790	12	this	this	DET
cblr-2952	790	13	kind	kind	NOUN
cblr-2952	790	14	of	of	ADP
cblr-2952	790	15	valuation	valuation	NOUN
cblr-2952	790	16	,	,	PUNCT
cblr-2952	790	17	there	there	PRON
cblr-2952	790	18	will	will	AUX
cblr-2952	790	19	be	be	AUX
cblr-2952	790	20	a	a	DET
cblr-2952	790	21	rush	rush	NOUN
cblr-2952	790	22	to	to	ADP
cblr-2952	790	23	the	the	DET
cblr-2952	790	24	public	public	ADJ
cblr-2952	790	25	markets	market	NOUN
cblr-2952	790	26	.	.	PUNCT
cblr-2952	791	1	"	"	PUNCT
cblr-2952	791	2	)	)	PUNCT
cblr-2952	791	3	;	;	PUNCT
cblr-2952	791	4	gregory	gregory	PROPN
cblr-2952	791	5	zuckerman	zuckerman	PROPN
cblr-2952	791	6	et	et	PROPN
cblr-2952	791	7	al	al	PROPN
cblr-2952	791	8	.	.	PROPN
cblr-2952	791	9	,	,	PUNCT
cblr-2952	791	10	hedgefund	hedgefund	NOUN
cblr-2952	791	11	crowd	crowd	NOUN
cblr-2952	791	12	sees	see	VERB
cblr-2952	791	13	more	more	ADV
cblr-2952	791	14	green	green	ADJ
cblr-2952	791	15	as	as	SCONJ
cblr-2952	791	16	fortress	fortress	NOUN
cblr-2952	791	17	hits	hit	VERB
cblr-2952	791	18	jackpot	jackpot	NOUN
cblr-2952	791	19	with	with	ADP
cblr-2952	791	20	ipo	ipo	PROPN
cblr-2952	791	21	,	,	PUNCT
cblr-2952	791	22	wall	wall	PROPN
cblr-2952	791	23	st	st	PROPN
cblr-2952	791	24	.	.	PROPN
cblr-2952	791	25	j.	j.	PROPN
cblr-2952	791	26	,	,	PUNCT
cblr-2952	791	27	feb	feb	PROPN
cblr-2952	791	28	.	.	PROPN
cblr-2952	791	29	10	10	NUM
cblr-2952	791	30	,	,	PUNCT
cblr-2952	791	31	2007	2007	NUM
cblr-2952	791	32	,	,	PUNCT
cblr-2952	791	33	at	at	ADP
cblr-2952	791	34	al	al	PROPN
cblr-2952	791	35	(	(	PUNCT
cblr-2952	791	36	"	"	PUNCT
cblr-2952	791	37	by	by	ADP
cblr-2952	791	38	selling	sell	VERB
cblr-2952	791	39	shares	share	NOUN
cblr-2952	791	40	of	of	ADP
cblr-2952	791	41	the	the	DET
cblr-2952	791	42	underlying	underlie	VERB
cblr-2952	791	43	management	management	NOUN
cblr-2952	791	44	company	company	NOUN
cblr-2952	791	45	via	via	ADP
cblr-2952	791	46	a	a	DET
cblr-2952	791	47	public	public	ADJ
cblr-2952	791	48	offering	offering	NOUN
cblr-2952	791	49	,	,	PUNCT
cblr-2952	791	50	fortress	fortress	NOUN
cblr-2952	791	51	gave	give	VERB
cblr-2952	791	52	a	a	DET
cblr-2952	791	53	wider	wide	ADJ
cblr-2952	791	54	swath	swath	NOUN
cblr-2952	791	55	of	of	ADP
cblr-2952	791	56	investors	investor	NOUN
cblr-2952	791	57	a	a	DET
cblr-2952	791	58	way	way	NOUN
cblr-2952	791	59	to	to	PART
cblr-2952	791	60	jump	jump	VERB
cblr-2952	791	61	on	on	ADP
cblr-2952	791	62	the	the	DET
cblr-2952	791	63	so	so	ADV
cblr-2952	791	64	-	-	PUNCT
cblr-2952	791	65	called	call	VERB
cblr-2952	791	66	private	private	ADJ
cblr-2952	791	67	-	-	PUNCT
cblr-2952	791	68	money	money	NOUN
cblr-2952	791	69	bandwagon	bandwagon	NOUN
cblr-2952	791	70	.	.	PUNCT
cblr-2952	792	1	"	"	PUNCT
cblr-2952	792	2	)	)	PUNCT
cblr-2952	792	3	.	.	PUNCT
cblr-2952	793	1	16	16	NUM
cblr-2952	793	2	although	although	SCONJ
cblr-2952	793	3	some	some	PRON
cblr-2952	793	4	have	have	AUX
cblr-2952	793	5	theorized	theorize	VERB
cblr-2952	793	6	that	that	SCONJ
cblr-2952	793	7	there	there	PRON
cblr-2952	793	8	is	be	VERB
cblr-2952	793	9	also	also	ADV
cblr-2952	793	10	a	a	DET
cblr-2952	793	11	demand	demand	NOUN
cblr-2952	793	12	element	element	NOUN
cblr-2952	793	13	in	in	ADP
cblr-2952	793	14	these	these	DET
cblr-2952	793	15	offerings	offering	NOUN
cblr-2952	793	16	in	in	ADP
cblr-2952	793	17	order	order	NOUN
cblr-2952	793	18	to	to	PART
cblr-2952	793	19	provide	provide	VERB
cblr-2952	793	20	these	these	DET
cblr-2952	793	21	advisers	adviser	NOUN
cblr-2952	793	22	with	with	ADP
cblr-2952	793	23	an	an	DET
cblr-2952	793	24	additional	additional	ADJ
cblr-2952	793	25	financing	financing	NOUN
cblr-2952	793	26	source	source	NOUN
cblr-2952	793	27	,	,	PUNCT
cblr-2952	793	28	an	an	DET
cblr-2952	793	29	acquisition	acquisition	NOUN
cblr-2952	793	30	currency	currency	NOUN
cblr-2952	793	31	or	or	CCONJ
cblr-2952	793	32	a	a	DET
cblr-2952	793	33	meaningful	meaningful	ADJ
cblr-2952	793	34	equity	equity	NOUN
cblr-2952	793	35	currency	currency	NOUN
cblr-2952	793	36	to	to	PART
cblr-2952	793	37	award	award	VERB
cblr-2952	793	38	employees	employee	NOUN
cblr-2952	793	39	.	.	PUNCT
cblr-2952	794	1	jenny	jenny	PROPN
cblr-2952	794	2	andersen	andersen	PROPN
cblr-2952	794	3	,	,	PUNCT
cblr-2952	794	4	some	some	DET
cblr-2952	794	5	hedge	hedge	NOUN
cblr-2952	794	6	funds	fund	NOUN
cblr-2952	794	7	decide	decide	VERB
cblr-2952	794	8	that	that	SCONJ
cblr-2952	794	9	relying	rely	VERB
cblr-2952	794	10	on	on	ADP
cblr-2952	794	11	banks	bank	NOUN
cblr-2952	794	12	is	be	AUX
cblr-2952	794	13	just	just	ADV
cblr-2952	794	14	too	too	ADV
cblr-2952	794	15	risky	risky	ADJ
cblr-2952	794	16	,	,	PUNCT
cblr-2952	794	17	n.y	n.y	PROPN
cblr-2952	794	18	.	.	PROPN
cblr-2952	794	19	times	times	PROPN
cblr-2952	794	20	,	,	PUNCT
cblr-2952	794	21	dec	dec	PROPN
cblr-2952	794	22	1	1	NUM
cblr-2952	794	23	,	,	PUNCT
cblr-2952	794	24	2006	2006	NUM
cblr-2952	794	25	,	,	PUNCT
cblr-2952	794	26	at	at	ADP
cblr-2952	794	27	c5	c5	PROPN
cblr-2952	794	28	.	.	PUNCT
cblr-2952	795	1	black	black	ADJ
cblr-2952	795	2	market	market	NOUN
cblr-2952	795	3	capitalno	capitalno	NOUN
cblr-2952	795	4	.	.	PUNCT
cblr-2952	796	1	1:1721	1:1721	NUM
cblr-2952	796	2	columbia	columbia	PROPN
cblr-2952	796	3	business	business	NOUN
cblr-2952	796	4	law	law	PROPN
cblr-2952	796	5	review	review	VERB
cblr-2952	796	6	pation	pation	NOUN
cblr-2952	796	7	in	in	ADP
cblr-2952	796	8	their	their	PRON
cblr-2952	796	9	business.167	business.167	NOUN
cblr-2952	796	10	consequently	consequently	ADV
cblr-2952	796	11	,	,	PUNCT
cblr-2952	796	12	in	in	ADP
cblr-2952	796	13	all	all	PRON
cblr-2952	796	14	of	of	ADP
cblr-2952	796	15	these	these	DET
cblr-2952	796	16	offerings	offering	NOUN
cblr-2952	796	17	the	the	DET
cblr-2952	796	18	bulk	bulk	NOUN
cblr-2952	796	19	of	of	ADP
cblr-2952	796	20	the	the	DET
cblr-2952	796	21	capital	capital	NOUN
cblr-2952	796	22	raised	raise	VERB
cblr-2952	796	23	was	be	AUX
cblr-2952	796	24	not	not	PART
cblr-2952	796	25	invested	invest	VERB
cblr-2952	796	26	into	into	ADP
cblr-2952	796	27	the	the	DET
cblr-2952	796	28	fund	fund	NOUN
cblr-2952	796	29	adviser	adviser	NOUN
cblr-2952	796	30	business	business	NOUN
cblr-2952	796	31	but	but	CCONJ
cblr-2952	796	32	rather	rather	ADV
cblr-2952	796	33	flowed	flow	VERB
cblr-2952	796	34	directly	directly	ADV
cblr-2952	796	35	to	to	ADP
cblr-2952	796	36	the	the	DET
cblr-2952	796	37	advisers	adviser	NOUN
cblr-2952	796	38	'	'	PART
cblr-2952	796	39	pre	pre	ADJ
cblr-2952	796	40	-	-	ADJ
cblr-2952	796	41	offer	offer	ADJ
cblr-2952	796	42	owners	owner	NOUN
cblr-2952	796	43	.	.	PUNCT
cblr-2952	797	1	1	1	NUM
cblr-2952	797	2	"	"	PUNCT
cblr-2952	797	3	in	in	ADP
cblr-2952	797	4	the	the	DET
cblr-2952	797	5	blackstone	blackstone	NOUN
cblr-2952	797	6	offering	offering	NOUN
cblr-2952	797	7	alone	alone	ADV
cblr-2952	797	8	,	,	PUNCT
cblr-2952	797	9	its	its	PRON
cblr-2952	797	10	management	management	NOUN
cblr-2952	797	11	received	receive	VERB
cblr-2952	797	12	proceeds	proceed	NOUN
cblr-2952	797	13	of	of	ADP
cblr-2952	797	14	approximately	approximately	ADV
cblr-2952	797	15	$	$	SYM
cblr-2952	797	16	5.2	5.2	NUM
cblr-2952	797	17	billion	billion	NUM
cblr-2952	797	18	in	in	ADP
cblr-2952	797	19	connection	connection	NOUN
cblr-2952	797	20	with	with	ADP
cblr-2952	797	21	the	the	DET
cblr-2952	797	22	transaction	transaction	NOUN
cblr-2952	797	23	.	.	PUNCT
cblr-2952	798	1	'69	'69	X
cblr-2952	798	2	2	2	NUM
cblr-2952	798	3	.	.	NUM
cblr-2952	798	4	spacs	spac	NOUN
cblr-2952	798	5	a	a	DET
cblr-2952	798	6	similar	similar	ADJ
cblr-2952	798	7	black	black	ADJ
cblr-2952	798	8	market	market	NOUN
cblr-2952	798	9	capital	capital	NOUN
cblr-2952	798	10	effect	effect	NOUN
cblr-2952	798	11	has	have	AUX
cblr-2952	798	12	occurred	occur	VERB
cblr-2952	798	13	with	with	ADP
cblr-2952	798	14	spacs	spac	NOUN
cblr-2952	798	15	.	.	PUNCT
cblr-2952	799	1	spacs	spacs	PROPN
cblr-2952	799	2	are	be	AUX
cblr-2952	799	3	companies	company	NOUN
cblr-2952	799	4	organized	organize	VERB
cblr-2952	799	5	to	to	PART
cblr-2952	799	6	purchase	purchase	VERB
cblr-2952	799	7	one	one	NUM
cblr-2952	799	8	or	or	CCONJ
cblr-2952	799	9	more	more	ADJ
cblr-2952	799	10	operating	operate	VERB
cblr-2952	799	11	businesses	business	NOUN
cblr-2952	799	12	.	.	PUNCT
cblr-2952	800	1	the	the	DET
cblr-2952	800	2	equity	equity	NOUN
cblr-2952	800	3	funds	fund	NOUN
cblr-2952	800	4	to	to	PART
cblr-2952	800	5	acquire	acquire	VERB
cblr-2952	800	6	these	these	DET
cblr-2952	800	7	businesses	business	NOUN
cblr-2952	800	8	come	come	VERB
cblr-2952	800	9	from	from	ADP
cblr-2952	800	10	an	an	DET
cblr-2952	800	11	initial	initial	ADJ
cblr-2952	800	12	public	public	ADJ
cblr-2952	800	13	offering	offering	NOUN
cblr-2952	800	14	by	by	ADP
cblr-2952	800	15	the	the	DET
cblr-2952	800	16	spac	spac	PROPN
cblr-2952	800	17	.	.	PUNCT
cblr-2952	801	1	at	at	ADP
cblr-2952	801	2	the	the	DET
cblr-2952	801	3	time	time	NOUN
cblr-2952	801	4	of	of	ADP
cblr-2952	801	5	the	the	DET
cblr-2952	801	6	offering	offering	NOUN
cblr-2952	801	7	,	,	PUNCT
cblr-2952	801	8	the	the	DET
cblr-2952	801	9	actual	actual	ADJ
cblr-2952	801	10	target	target	NOUN
cblr-2952	801	11	acquisitions	acquisition	NOUN
cblr-2952	801	12	are	be	AUX
cblr-2952	801	13	unknown	unknown	ADJ
cblr-2952	801	14	;	;	PUNCT
cblr-2952	801	15	it	it	PRON
cblr-2952	801	16	is	be	AUX
cblr-2952	801	17	only	only	ADV
cblr-2952	801	18	afterwards	afterwards	ADV
cblr-2952	801	19	that	that	SCONJ
cblr-2952	801	20	the	the	DET
cblr-2952	801	21	spac	spac	PROPN
cblr-2952	801	22	's	's	PART
cblr-2952	801	23	organizers	organizer	NOUN
cblr-2952	801	24	will	will	AUX
cblr-2952	801	25	begin	begin	VERB
cblr-2952	801	26	to	to	PART
cblr-2952	801	27	identify	identify	VERB
cblr-2952	801	28	and	and	CCONJ
cblr-2952	801	29	attempt	attempt	VERB
cblr-2952	801	30	to	to	PART
cblr-2952	801	31	acquire	acquire	VERB
cblr-2952	801	32	these	these	DET
cblr-2952	801	33	businesses.17	businesses.17	NOUN
cblr-2952	801	34	°	°	ADP
cblr-2952	801	35	the	the	DET
cblr-2952	801	36	spac	spac	PROPN
cblr-2952	801	37	's	's	PART
cblr-2952	801	38	organizational	organizational	ADJ
cblr-2952	801	39	documents	document	NOUN
cblr-2952	801	40	will	will	AUX
cblr-2952	801	41	typically	typically	ADV
cblr-2952	801	42	provide	provide	VERB
cblr-2952	801	43	it	it	PRON
cblr-2952	801	44	eighteen	eighteen	NUM
cblr-2952	801	45	to	to	PART
cblr-2952	801	46	twenty	twenty	NUM
cblr-2952	801	47	-	-	PUNCT
cblr-2952	801	48	four	four	NUM
cblr-2952	801	49	months	month	NOUN
cblr-2952	801	50	to	to	PART
cblr-2952	801	51	agree	agree	VERB
cblr-2952	801	52	or	or	CCONJ
cblr-2952	801	53	complete	complete	VERB
cblr-2952	801	54	an	an	DET
cblr-2952	801	55	acquisition	acquisition	NOUN
cblr-2952	801	56	before	before	SCONJ
cblr-2952	801	57	the	the	DET
cblr-2952	801	58	spac	spac	PROPN
cblr-2952	801	59	is	be	AUX
cblr-2952	801	60	required	require	VERB
cblr-2952	801	61	to	to	PART
cblr-2952	801	62	liquidate	liquidate	VERB
cblr-2952	801	63	and	and	CCONJ
cblr-2952	801	64	return	return	VERB
cblr-2952	801	65	the	the	DET
cblr-2952	801	66	remaining	remain	VERB
cblr-2952	801	67	offering	offering	NOUN
cblr-2952	801	68	proceeds	proceed	NOUN
cblr-2952	801	69	to	to	ADP
cblr-2952	801	70	investors	investor	NOUN
cblr-2952	801	71	.	.	PUNCT
cblr-2952	802	1	7	7	NUM
cblr-2952	802	2	'	'	PUNCT
cblr-2952	802	3	during	during	ADP
cblr-2952	802	4	this	this	DET
cblr-2952	802	5	interim	interim	ADJ
cblr-2952	802	6	period	period	NOUN
cblr-2952	802	7	,	,	PUNCT
cblr-2952	802	8	the	the	DET
cblr-2952	802	9	proceeds	proceed	NOUN
cblr-2952	802	10	of	of	ADP
cblr-2952	802	11	the	the	DET
cblr-2952	802	12	167	167	NUM
cblr-2952	802	13	these	these	DET
cblr-2952	802	14	funds	fund	NOUN
cblr-2952	802	15	,	,	PUNCT
cblr-2952	802	16	with	with	ADP
cblr-2952	802	17	the	the	DET
cblr-2952	802	18	exception	exception	NOUN
cblr-2952	802	19	of	of	ADP
cblr-2952	802	20	glg	glg	PROPN
cblr-2952	802	21	partners	partner	NOUN
cblr-2952	802	22	,	,	PUNCT
cblr-2952	802	23	inc	inc	PROPN
cblr-2952	802	24	.	.	PROPN
cblr-2952	802	25	,	,	PUNCT
cblr-2952	802	26	are	be	AUX
cblr-2952	802	27	currently	currently	ADV
cblr-2952	802	28	structured	structure	VERB
cblr-2952	802	29	as	as	ADP
cblr-2952	802	30	partnerships	partnership	NOUN
cblr-2952	802	31	or	or	CCONJ
cblr-2952	802	32	llcs	llcs	NOUN
cblr-2952	802	33	and	and	CCONJ
cblr-2952	802	34	elect	elect	VERB
cblr-2952	802	35	to	to	PART
cblr-2952	802	36	be	be	AUX
cblr-2952	802	37	treated	treat	VERB
cblr-2952	802	38	as	as	ADP
cblr-2952	802	39	a	a	DET
cblr-2952	802	40	publicly	publicly	ADV
cblr-2952	802	41	traded	trade	VERB
cblr-2952	802	42	partnership	partnership	NOUN
cblr-2952	802	43	for	for	ADP
cblr-2952	802	44	income	income	NOUN
cblr-2952	802	45	tax	tax	NOUN
cblr-2952	802	46	purposes	purpose	NOUN
cblr-2952	802	47	.	.	PUNCT
cblr-2952	803	1	the	the	DET
cblr-2952	803	2	future	future	ADJ
cblr-2952	803	3	offering	offer	VERB
cblr-2952	803	4	market	market	NOUN
cblr-2952	803	5	for	for	ADP
cblr-2952	803	6	these	these	DET
cblr-2952	803	7	investments	investment	NOUN
cblr-2952	803	8	may	may	AUX
cblr-2952	803	9	be	be	AUX
cblr-2952	803	10	affected	affect	VERB
cblr-2952	803	11	by	by	ADP
cblr-2952	803	12	current	current	ADJ
cblr-2952	803	13	state	state	NOUN
cblr-2952	803	14	and	and	CCONJ
cblr-2952	803	15	federal	federal	ADJ
cblr-2952	803	16	proposals	proposal	NOUN
cblr-2952	803	17	to	to	PART
cblr-2952	803	18	treat	treat	VERB
cblr-2952	803	19	these	these	DET
cblr-2952	803	20	publicly	publicly	ADV
cblr-2952	803	21	-	-	PUNCT
cblr-2952	803	22	traded	trade	VERB
cblr-2952	803	23	funds	fund	NOUN
cblr-2952	803	24	as	as	ADP
cblr-2952	803	25	public	public	ADJ
cblr-2952	803	26	corporations	corporation	NOUN
cblr-2952	803	27	for	for	ADP
cblr-2952	803	28	income	income	NOUN
cblr-2952	803	29	tax	tax	NOUN
cblr-2952	803	30	purposes	purpose	NOUN
cblr-2952	803	31	.	.	PUNCT
cblr-2952	804	1	see	see	VERB
cblr-2952	804	2	victor	victor	PROPN
cblr-2952	804	3	fleischer	fleischer	PROPN
cblr-2952	804	4	,	,	PUNCT
cblr-2952	804	5	taxing	tax	VERB
cblr-2952	804	6	blackstone	blackstone	NOUN
cblr-2952	804	7	,	,	PUNCT
cblr-2952	804	8	9	9	NUM
cblr-2952	804	9	-	-	SYM
cblr-2952	804	10	12	12	NUM
cblr-2952	804	11	(	(	PUNCT
cblr-2952	804	12	sept	sept	PROPN
cblr-2952	804	13	.	.	PROPN
cblr-2952	804	14	13	13	NUM
cblr-2952	804	15	,	,	PUNCT
cblr-2952	804	16	2007	2007	NUM
cblr-2952	804	17	)	)	PUNCT
cblr-2952	804	18	,	,	PUNCT
cblr-2952	804	19	available	available	ADJ
cblr-2952	804	20	at	at	ADP
cblr-2952	804	21	http://ssrn.com/abstract=1012472	http://ssrn.com/abstract=1012472	NOUN
cblr-2952	804	22	.	.	PUNCT
cblr-2952	804	23	"	"	PUNCT
cblr-2952	805	1	the	the	DET
cblr-2952	805	2	only	only	ADJ
cblr-2952	805	3	exception	exception	NOUN
cblr-2952	805	4	is	be	AUX
cblr-2952	805	5	the	the	DET
cblr-2952	805	6	pending	pende	VERB
cblr-2952	805	7	kkr	kkr	PROPN
cblr-2952	805	8	public	public	ADJ
cblr-2952	805	9	offering	offering	NOUN
cblr-2952	805	10	.	.	PUNCT
cblr-2952	806	1	the	the	DET
cblr-2952	806	2	funds	fund	NOUN
cblr-2952	806	3	raised	raise	VERB
cblr-2952	806	4	in	in	ADP
cblr-2952	806	5	this	this	DET
cblr-2952	806	6	offering	offering	NOUN
cblr-2952	806	7	,	,	PUNCT
cblr-2952	806	8	if	if	SCONJ
cblr-2952	806	9	it	it	PRON
cblr-2952	806	10	occurs	occur	VERB
cblr-2952	806	11	,	,	PUNCT
cblr-2952	806	12	are	be	AUX
cblr-2952	806	13	to	to	PART
cblr-2952	806	14	be	be	AUX
cblr-2952	806	15	allocated	allocate	VERB
cblr-2952	806	16	to	to	ADP
cblr-2952	806	17	kkr	kkr	PROPN
cblr-2952	806	18	's	's	PART
cblr-2952	806	19	efforts	effort	NOUN
cblr-2952	806	20	to	to	PART
cblr-2952	806	21	expand	expand	VERB
cblr-2952	806	22	into	into	ADP
cblr-2952	806	23	new	new	ADJ
cblr-2952	806	24	businesses	business	NOUN
cblr-2952	806	25	beyond	beyond	ADP
cblr-2952	806	26	fund	fund	NOUN
cblr-2952	806	27	management	management	NOUN
cblr-2952	806	28	.	.	PUNCT
cblr-2952	807	1	kkr	kkr	PROPN
cblr-2952	807	2	registration	registration	NOUN
cblr-2952	807	3	statement	statement	NOUN
cblr-2952	807	4	,	,	PUNCT
cblr-2952	807	5	supra	supra	PROPN
cblr-2952	807	6	note	note	PROPN
cblr-2952	807	7	33	33	NUM
cblr-2952	807	8	,	,	PUNCT
cblr-2952	807	9	at	at	ADP
cblr-2952	807	10	16	16	NUM
cblr-2952	807	11	.	.	PUNCT
cblr-2952	807	12	.69	.69	NUM
cblr-2952	807	13	see	see	VERB
cblr-2952	807	14	blackstone	blackstone	NOUN
cblr-2952	807	15	prospectus	prospectus	NOUN
cblr-2952	807	16	,	,	PUNCT
cblr-2952	807	17	supra	supra	PROPN
cblr-2952	807	18	note	note	NOUN
cblr-2952	807	19	161	161	NUM
cblr-2952	807	20	,	,	PUNCT
cblr-2952	807	21	at	at	ADP
cblr-2952	807	22	20	20	NUM
cblr-2952	807	23	-	-	SYM
cblr-2952	807	24	24	24	NUM
cblr-2952	807	25	.	.	PUNCT
cblr-2952	807	26	170	170	NUM
cblr-2952	808	1	this	this	PRON
cblr-2952	808	2	is	be	AUX
cblr-2952	808	3	a	a	DET
cblr-2952	808	4	risk	risk	NOUN
cblr-2952	808	5	factor	factor	NOUN
cblr-2952	808	6	often	often	ADV
cblr-2952	808	7	highlighted	highlight	VERB
cblr-2952	808	8	in	in	ADP
cblr-2952	808	9	these	these	DET
cblr-2952	808	10	transactions	transaction	NOUN
cblr-2952	808	11	.	.	PUNCT
cblr-2952	809	1	see	see	VERB
cblr-2952	809	2	,	,	PUNCT
cblr-2952	809	3	e.g.	e.g.	ADV
cblr-2952	809	4	,	,	PUNCT
cblr-2952	809	5	endeavor	endeavor	VERB
cblr-2952	809	6	acquisition	acquisition	PROPN
cblr-2952	809	7	corp	corp	PROPN
cblr-2952	809	8	.	.	PROPN
cblr-2952	809	9	registration	registration	NOUN
cblr-2952	809	10	statement	statement	NOUN
cblr-2952	809	11	on	on	ADP
cblr-2952	809	12	form	form	NOUN
cblr-2952	809	13	s-1	s-1	NOUN
cblr-2952	809	14	,	,	PUNCT
cblr-2952	809	15	no	no	NOUN
cblr-2952	809	16	.	.	NOUN
cblr-2952	809	17	333	333	NUM
cblr-2952	809	18	-	-	SYM
cblr-2952	809	19	128440	128440	NUM
cblr-2952	809	20	,	,	PUNCT
cblr-2952	809	21	at	at	ADP
cblr-2952	809	22	10	10	NUM
cblr-2952	809	23	(	(	PUNCT
cblr-2952	809	24	sept	sept	PROPN
cblr-2952	809	25	.	.	PROPN
cblr-2952	809	26	20	20	NUM
cblr-2952	809	27	,	,	PUNCT
cblr-2952	809	28	2005	2005	NUM
cblr-2952	809	29	)	)	PUNCT
cblr-2952	809	30	(	(	PUNCT
cblr-2952	809	31	"	"	PUNCT
cblr-2952	809	32	since	since	SCONJ
cblr-2952	809	33	we	we	PRON
cblr-2952	809	34	have	have	AUX
cblr-2952	809	35	not	not	PART
cblr-2952	809	36	yet	yet	ADV
cblr-2952	809	37	selected	select	VERB
cblr-2952	809	38	a	a	DET
cblr-2952	809	39	particular	particular	ADJ
cblr-2952	809	40	industry	industry	NOUN
cblr-2952	809	41	or	or	CCONJ
cblr-2952	809	42	target	target	NOUN
cblr-2952	809	43	business	business	NOUN
cblr-2952	809	44	with	with	ADP
cblr-2952	809	45	which	which	PRON
cblr-2952	809	46	to	to	PART
cblr-2952	809	47	complete	complete	VERB
cblr-2952	809	48	a	a	DET
cblr-2952	809	49	business	business	NOUN
cblr-2952	809	50	combination	combination	NOUN
cblr-2952	809	51	,	,	PUNCT
cblr-2952	809	52	we	we	PRON
cblr-2952	809	53	are	be	AUX
cblr-2952	809	54	unable	unable	ADJ
cblr-2952	809	55	to	to	PART
cblr-2952	809	56	currently	currently	ADV
cblr-2952	809	57	ascertain	ascertain	VERB
cblr-2952	809	58	the	the	DET
cblr-2952	809	59	merits	merit	NOUN
cblr-2952	809	60	or	or	CCONJ
cblr-2952	809	61	risks	risk	NOUN
cblr-2952	809	62	of	of	ADP
cblr-2952	809	63	the	the	DET
cblr-2952	809	64	industry	industry	NOUN
cblr-2952	809	65	or	or	CCONJ
cblr-2952	809	66	business	business	NOUN
cblr-2952	809	67	in	in	ADP
cblr-2952	809	68	which	which	PRON
cblr-2952	809	69	we	we	PRON
cblr-2952	809	70	may	may	AUX
cblr-2952	809	71	ultimately	ultimately	ADV
cblr-2952	809	72	operate	operate	VERB
cblr-2952	809	73	"	"	PUNCT
cblr-2952	809	74	)	)	PUNCT
cblr-2952	809	75	.	.	PUNCT
cblr-2952	810	1	171	171	NUM
cblr-2952	810	2	see	see	VERB
cblr-2952	810	3	richard	richard	PROPN
cblr-2952	810	4	morgan	morgan	PROPN
cblr-2952	810	5	,	,	PUNCT
cblr-2952	810	6	blank	blank	ADJ
cblr-2952	810	7	check	check	NOUN
cblr-2952	810	8	,	,	PUNCT
cblr-2952	810	9	clock	clock	VERB
cblr-2952	810	10	ticking	ticking	NOUN
cblr-2952	810	11	,	,	PUNCT
cblr-2952	810	12	daily	daily	ADJ
cblr-2952	810	13	deal	deal	NOUN
cblr-2952	810	14	,	,	PUNCT
cblr-2952	810	15	july	july	PROPN
cblr-2952	810	16	9	9	NUM
cblr-2952	810	17	,	,	PUNCT
cblr-2952	810	18	2007	2007	NUM
cblr-2952	810	19	.	.	PUNCT
cblr-2952	811	1	[	[	X
cblr-2952	811	2	vol	vol	NOUN
cblr-2952	811	3	.	.	NOUN
cblr-2952	811	4	2008	2008	NUM
cblr-2952	811	5	black	black	ADJ
cblr-2952	811	6	market	market	NOUN
cblr-2952	811	7	capital	capital	NOUN
cblr-2952	811	8	initial	initial	ADJ
cblr-2952	811	9	public	public	ADJ
cblr-2952	811	10	offering	offering	NOUN
cblr-2952	811	11	are	be	AUX
cblr-2952	811	12	held	hold	VERB
cblr-2952	811	13	in	in	ADP
cblr-2952	811	14	a	a	DET
cblr-2952	811	15	trust	trust	NOUN
cblr-2952	811	16	or	or	CCONJ
cblr-2952	811	17	escrow	escrow	NOUN
cblr-2952	811	18	account	account	NOUN
cblr-2952	811	19	.	.	PUNCT
cblr-2952	812	1	72	72	NUM
cblr-2952	813	1	a	a	DET
cblr-2952	813	2	typical	typical	ADJ
cblr-2952	813	3	spac	spac	NOUN
cblr-2952	813	4	also	also	ADV
cblr-2952	813	5	requires	require	VERB
cblr-2952	813	6	that	that	SCONJ
cblr-2952	813	7	its	its	PRON
cblr-2952	813	8	initial	initial	ADJ
cblr-2952	813	9	acquisition	acquisition	NOUN
cblr-2952	813	10	or	or	CCONJ
cblr-2952	813	11	acquisitions	acquisition	NOUN
cblr-2952	813	12	constitute	constitute	VERB
cblr-2952	813	13	at	at	ADV
cblr-2952	813	14	least	least	ADV
cblr-2952	813	15	eighty	eighty	NUM
cblr-2952	813	16	percent	percent	NOUN
cblr-2952	813	17	of	of	ADP
cblr-2952	813	18	its	its	PRON
cblr-2952	813	19	net	net	ADJ
cblr-2952	813	20	assets	asset	NOUN
cblr-2952	813	21	excluding	exclude	VERB
cblr-2952	813	22	deferred	defer	VERB
cblr-2952	813	23	underwriters	underwriter	NOUN
cblr-2952	813	24	'	'	PART
cblr-2952	813	25	discounts	discount	NOUN
cblr-2952	813	26	and	and	CCONJ
cblr-2952	813	27	commissions	commission	NOUN
cblr-2952	813	28	,	,	PUNCT
cblr-2952	813	29	though	though	SCONJ
cblr-2952	813	30	lately	lately	ADV
cblr-2952	813	31	this	this	DET
cblr-2952	813	32	threshold	threshold	NOUN
cblr-2952	813	33	has	have	AUX
cblr-2952	813	34	been	be	AUX
cblr-2952	813	35	creeping	creep	VERB
cblr-2952	813	36	down	down	ADP
cblr-2952	813	37	towards	towards	ADP
cblr-2952	813	38	a	a	DET
cblr-2952	813	39	sixty	sixty	NUM
cblr-2952	813	40	percent	percent	NOUN
cblr-2952	813	41	hurdle	hurdle	NOUN
cblr-2952	813	42	rate.7	rate.7	PROPN
cblr-2952	813	43	'	'	PUNCT
cblr-2952	813	44	investors	investor	NOUN
cblr-2952	813	45	have	have	VERB
cblr-2952	813	46	a	a	DET
cblr-2952	813	47	right	right	NOUN
cblr-2952	813	48	to	to	PART
cblr-2952	813	49	pre	pre	VERB
cblr-2952	813	50	-	-	VERB
cblr-2952	813	51	approve	approve	VERB
cblr-2952	813	52	this	this	DET
cblr-2952	813	53	acquisition	acquisition	NOUN
cblr-2952	813	54	and	and	CCONJ
cblr-2952	813	55	if	if	SCONJ
cblr-2952	813	56	they	they	PRON
cblr-2952	813	57	vote	vote	VERB
cblr-2952	813	58	against	against	ADP
cblr-2952	813	59	it	it	PRON
cblr-2952	813	60	and	and	CCONJ
cblr-2952	813	61	follow	follow	VERB
cblr-2952	813	62	certain	certain	ADJ
cblr-2952	813	63	perfection	perfection	NOUN
cblr-2952	813	64	procedures	procedure	NOUN
cblr-2952	813	65	they	they	PRON
cblr-2952	813	66	are	be	AUX
cblr-2952	813	67	entitled	entitle	VERB
cblr-2952	813	68	to	to	PART
cblr-2952	813	69	redeem	redeem	VERB
cblr-2952	813	70	their	their	PRON
cblr-2952	813	71	shares	share	NOUN
cblr-2952	813	72	for	for	ADP
cblr-2952	813	73	a	a	DET
cblr-2952	813	74	pro	pro	ADJ
cblr-2952	813	75	rata	rata	ADJ
cblr-2952	813	76	share	share	NOUN
cblr-2952	813	77	of	of	ADP
cblr-2952	813	78	the	the	DET
cblr-2952	813	79	remaining	remain	VERB
cblr-2952	813	80	offering	offering	NOUN
cblr-2952	813	81	proceeds	proceed	NOUN
cblr-2952	813	82	held	hold	VERB
cblr-2952	813	83	in	in	ADP
cblr-2952	813	84	trust.1	trust.1	NOUN
cblr-2952	813	85	7	7	NUM
cblr-2952	813	86	4	4	NUM
cblr-2952	813	87	spacs	spac	NOUN
cblr-2952	813	88	are	be	AUX
cblr-2952	813	89	a	a	DET
cblr-2952	813	90	species	species	NOUN
cblr-2952	813	91	of	of	ADP
cblr-2952	813	92	private	private	ADJ
cblr-2952	813	93	equity	equity	NOUN
cblr-2952	813	94	:	:	PUNCT
cblr-2952	813	95	these	these	PRON
cblr-2952	813	96	are	be	AUX
cblr-2952	813	97	capital	capital	NOUN
cblr-2952	813	98	pools	pool	NOUN
cblr-2952	813	99	organized	organize	VERB
cblr-2952	813	100	to	to	PART
cblr-2952	813	101	acquire	acquire	VERB
cblr-2952	813	102	individual	individual	ADJ
cblr-2952	813	103	businesses	business	NOUN
cblr-2952	813	104	.	.	PUNCT
cblr-2952	814	1	but	but	CCONJ
cblr-2952	814	2	because	because	SCONJ
cblr-2952	814	3	of	of	ADP
cblr-2952	814	4	the	the	DET
cblr-2952	814	5	general	general	ADJ
cblr-2952	814	6	requirement	requirement	NOUN
cblr-2952	814	7	that	that	SCONJ
cblr-2952	814	8	the	the	DET
cblr-2952	814	9	initial	initial	ADJ
cblr-2952	814	10	acquisition	acquisition	NOUN
cblr-2952	814	11	comprise	comprise	VERB
cblr-2952	814	12	eighty	eighty	NUM
cblr-2952	814	13	percent	percent	NOUN
cblr-2952	814	14	of	of	ADP
cblr-2952	814	15	its	its	PRON
cblr-2952	814	16	assets	asset	NOUN
cblr-2952	814	17	,	,	PUNCT
cblr-2952	814	18	spacs	spac	NOUN
cblr-2952	814	19	typically	typically	ADV
cblr-2952	814	20	only	only	ADV
cblr-2952	814	21	acquire	acquire	VERB
cblr-2952	814	22	a	a	DET
cblr-2952	814	23	single	single	ADJ
cblr-2952	814	24	privately	privately	ADV
cblr-2952	814	25	-	-	PUNCT
cblr-2952	814	26	held	hold	VERB
cblr-2952	814	27	business	business	NOUN
cblr-2952	814	28	.	.	PUNCT
cblr-2952	815	1	despite	despite	SCONJ
cblr-2952	815	2	these	these	DET
cblr-2952	815	3	important	important	ADJ
cblr-2952	815	4	distinctions	distinction	NOUN
cblr-2952	815	5	,	,	PUNCT
cblr-2952	815	6	spacs	spac	NOUN
cblr-2952	815	7	otherwise	otherwise	ADV
cblr-2952	815	8	attempt	attempt	VERB
cblr-2952	815	9	to	to	PART
cblr-2952	815	10	mimic	mimic	VERB
cblr-2952	815	11	private	private	ADJ
cblr-2952	815	12	equity	equity	NOUN
cblr-2952	815	13	returns	return	NOUN
cblr-2952	815	14	by	by	ADP
cblr-2952	815	15	employing	employ	VERB
cblr-2952	815	16	comparable	comparable	ADJ
cblr-2952	815	17	structures	structure	NOUN
cblr-2952	815	18	and	and	CCONJ
cblr-2952	815	19	practices	practice	NOUN
cblr-2952	815	20	.	.	PUNCT
cblr-2952	816	1	for	for	ADP
cblr-2952	816	2	example	example	NOUN
cblr-2952	816	3	,	,	PUNCT
cblr-2952	816	4	spacs	spac	NOUN
cblr-2952	816	5	utilize	utilize	VERB
cblr-2952	816	6	similar	similar	ADJ
cblr-2952	816	7	leverage	leverage	NOUN
cblr-2952	816	8	to	to	PART
cblr-2952	816	9	increase	increase	VERB
cblr-2952	816	10	the	the	DET
cblr-2952	816	11	size	size	NOUN
cblr-2952	816	12	and	and	CCONJ
cblr-2952	816	13	potential	potential	ADJ
cblr-2952	816	14	returns	return	NOUN
cblr-2952	816	15	of	of	ADP
cblr-2952	816	16	their	their	PRON
cblr-2952	816	17	acquisitions	acquisition	NOUN
cblr-2952	816	18	.	.	PUNCT
cblr-2952	817	1	the	the	DET
cblr-2952	817	2	managers	manager	NOUN
cblr-2952	817	3	of	of	ADP
cblr-2952	817	4	spacs	spac	NOUN
cblr-2952	817	5	are	be	AUX
cblr-2952	817	6	also	also	ADV
cblr-2952	817	7	typically	typically	ADV
cblr-2952	817	8	provided	provide	VERB
cblr-2952	817	9	twenty	twenty	NUM
cblr-2952	817	10	percent	percent	NOUN
cblr-2952	817	11	of	of	ADP
cblr-2952	817	12	the	the	DET
cblr-2952	817	13	initial	initial	ADJ
cblr-2952	817	14	share	share	NOUN
cblr-2952	817	15	offering	offering	NOUN
cblr-2952	817	16	at	at	ADP
cblr-2952	817	17	nominal	nominal	ADJ
cblr-2952	817	18	amounts	amount	NOUN
cblr-2952	817	19	;	;	PUNCT
cblr-2952	817	20	ownership	ownership	NOUN
cblr-2952	817	21	they	they	PRON
cblr-2952	817	22	are	be	AUX
cblr-2952	817	23	required	require	VERB
cblr-2952	817	24	to	to	PART
cblr-2952	817	25	maintain	maintain	VERB
cblr-2952	817	26	until	until	ADP
cblr-2952	817	27	and	and	CCONJ
cblr-2952	817	28	after	after	ADP
cblr-2952	817	29	consummation	consummation	NOUN
cblr-2952	817	30	of	of	ADP
cblr-2952	817	31	an	an	DET
cblr-2952	817	32	acquisition.176	acquisition.176	NOUN
cblr-2952	817	33	this	this	PRON
cblr-2952	817	34	ostensibly	ostensibly	ADV
cblr-2952	817	35	provides	provide	VERB
cblr-2952	817	36	them	they	PRON
cblr-2952	817	37	with	with	ADP
cblr-2952	817	38	a	a	DET
cblr-2952	817	39	similar	similar	ADJ
cblr-2952	817	40	incentive	incentive	NOUN
cblr-2952	817	41	compensation	compensation	NOUN
cblr-2952	817	42	scheme	scheme	NOUN
cblr-2952	817	43	as	as	ADP
cblr-2952	817	44	private	private	ADJ
cblr-2952	817	45	equity	equity	NOUN
cblr-2952	817	46	advisers	adviser	NOUN
cblr-2952	817	47	.	.	PUNCT
cblr-2952	818	1	'77	'77	NUM
cblr-2952	818	2	like	like	ADP
cblr-2952	818	3	fund	fund	NOUN
cblr-2952	818	4	advisers	adviser	NOUN
cblr-2952	818	5	,	,	PUNCT
cblr-2952	818	6	demand	demand	NOUN
cblr-2952	818	7	for	for	ADP
cblr-2952	818	8	spacs	spac	NOUN
cblr-2952	818	9	has	have	AUX
cblr-2952	818	10	been	be	AUX
cblr-2952	818	11	heated	heat	VERB
cblr-2952	818	12	and	and	CCONJ
cblr-2952	818	13	increasing	increase	VERB
cblr-2952	818	14	.	.	PUNCT
cblr-2952	819	1	from	from	ADP
cblr-2952	819	2	2003	2003	NUM
cblr-2952	819	3	to	to	ADP
cblr-2952	819	4	2007	2007	NUM
cblr-2952	819	5	,	,	PUNCT
cblr-2952	819	6	144	144	NUM
cblr-2952	819	7	spacs	spac	NOUN
cblr-2952	819	8	have	have	AUX
cblr-2952	819	9	raised	raise	VERB
cblr-2952	819	10	172	172	NUM
cblr-2952	819	11	see	see	NOUN
cblr-2952	819	12	m.	m.	PROPN
cblr-2952	819	13	ridgway	ridgway	PROPN
cblr-2952	819	14	barker	barker	PROPN
cblr-2952	819	15	&	&	CCONJ
cblr-2952	819	16	randi	randi	PROPN
cblr-2952	819	17	-	-	PROPN
cblr-2952	819	18	jean	jean	PROPN
cblr-2952	819	19	g.	g.	PROPN
cblr-2952	819	20	hadin	hadin	PROPN
cblr-2952	819	21	,	,	PUNCT
cblr-2952	819	22	special	special	ADJ
cblr-2952	819	23	purpose	purpose	NOUN
cblr-2952	819	24	acquisition	acquisition	NOUN
cblr-2952	819	25	companies	company	NOUN
cblr-2952	819	26	:	:	PUNCT
cblr-2952	819	27	specs	spec	NOUN
cblr-2952	819	28	to	to	PART
cblr-2952	819	29	consider	consider	VERB
cblr-2952	819	30	when	when	SCONJ
cblr-2952	819	31	structuring	structure	VERB
cblr-2952	819	32	your	your	PRON
cblr-2952	819	33	spac	spac	NOUN
cblr-2952	819	34	,	,	PUNCT
cblr-2952	819	35	metro	metro	PROPN
cblr-2952	819	36	.	.	PUNCT
cblr-2952	820	1	corp	corp	PROPN
cblr-2952	820	2	.	.	PROPN
cblr-2952	820	3	counsel	counsel	PROPN
cblr-2952	820	4	,	,	PUNCT
cblr-2952	820	5	aug	aug	PROPN
cblr-2952	820	6	.	.	PROPN
cblr-2952	820	7	2006	2006	NUM
cblr-2952	820	8	,	,	PUNCT
cblr-2952	820	9	at	at	ADP
cblr-2952	820	10	6	6	NUM
cblr-2952	820	11	.	.	SYM
cblr-2952	820	12	17	17	NUM
cblr-2952	820	13	see	see	VERB
cblr-2952	820	14	m.	m.	PROPN
cblr-2952	820	15	ridgway	ridgway	PROPN
cblr-2952	820	16	barker	barker	PROPN
cblr-2952	820	17	&	&	CCONJ
cblr-2952	820	18	randi	randi	PROPN
cblr-2952	820	19	-	-	PROPN
cblr-2952	820	20	jean	jean	PROPN
cblr-2952	820	21	g.	g.	PROPN
cblr-2952	820	22	hadin	hadin	PROPN
cblr-2952	820	23	,	,	PUNCT
cblr-2952	820	24	spacscontinuing	spacscontinue	VERB
cblr-2952	820	25	to	to	PART
cblr-2952	820	26	grow	grow	VERB
cblr-2952	820	27	and	and	CCONJ
cblr-2952	820	28	evolve	evolve	VERB
cblr-2952	820	29	,	,	PUNCT
cblr-2952	820	30	metro	metro	PROPN
cblr-2952	820	31	.	.	PUNCT
cblr-2952	821	1	corp	corp	PROPN
cblr-2952	821	2	.	.	PROPN
cblr-2952	821	3	counsel	counsel	PROPN
cblr-2952	821	4	,	,	PUNCT
cblr-2952	821	5	june	june	PROPN
cblr-2952	821	6	2007	2007	NUM
cblr-2952	821	7	,	,	PUNCT
cblr-2952	821	8	at	at	ADP
cblr-2952	821	9	38	38	NUM
cblr-2952	821	10	.	.	PUNCT
cblr-2952	822	1	174	174	NUM
cblr-2952	822	2	see	see	VERB
cblr-2952	822	3	barker	barker	PROPN
cblr-2952	822	4	&	&	CCONJ
cblr-2952	822	5	hadin	hadin	PROPN
cblr-2952	822	6	,	,	PUNCT
cblr-2952	822	7	supra	supra	PROPN
cblr-2952	822	8	note	note	NOUN
cblr-2952	822	9	172	172	NUM
cblr-2952	822	10	,	,	PUNCT
cblr-2952	822	11	at	at	ADP
cblr-2952	822	12	6	6	NUM
cblr-2952	822	13	.	.	NOUN
cblr-2952	822	14	171	171	NUM
cblr-2952	822	15	see	see	VERB
cblr-2952	822	16	yvonne	yvonne	PROPN
cblr-2952	822	17	ball	ball	PROPN
cblr-2952	822	18	,	,	PUNCT
cblr-2952	822	19	acquisition	acquisition	NOUN
cblr-2952	822	20	vehicles	vehicle	NOUN
cblr-2952	822	21	gather	gather	VERB
cblr-2952	822	22	steam	steam	NOUN
cblr-2952	822	23	,	,	PUNCT
cblr-2952	822	24	wall	wall	PROPN
cblr-2952	822	25	st	st	PROPN
cblr-2952	822	26	.	.	PROPN
cblr-2952	822	27	j.	j.	PROPN
cblr-2952	822	28	,	,	PUNCT
cblr-2952	822	29	june	june	PROPN
cblr-2952	822	30	18	18	NUM
cblr-2952	822	31	,	,	PUNCT
cblr-2952	822	32	2007	2007	NUM
cblr-2952	822	33	,	,	PUNCT
cblr-2952	822	34	at	at	ADP
cblr-2952	822	35	c5	c5	PROPN
cblr-2952	822	36	(	(	PUNCT
cblr-2952	822	37	stating	state	VERB
cblr-2952	822	38	one	one	NUM
cblr-2952	822	39	reason	reason	NOUN
cblr-2952	822	40	for	for	ADP
cblr-2952	822	41	the	the	DET
cblr-2952	822	42	popularity	popularity	NOUN
cblr-2952	822	43	of	of	ADP
cblr-2952	822	44	spacs	spac	NOUN
cblr-2952	822	45	is	be	AUX
cblr-2952	822	46	"	"	PUNCT
cblr-2952	822	47	that	that	SCONJ
cblr-2952	822	48	they	they	PRON
cblr-2952	822	49	offer	offer	VERB
cblr-2952	822	50	private	private	ADJ
cblr-2952	822	51	-	-	PUNCT
cblr-2952	822	52	equity	equity	NOUN
cblr-2952	822	53	firms	firm	NOUN
cblr-2952	822	54	a	a	DET
cblr-2952	822	55	way	way	NOUN
cblr-2952	822	56	to	to	PART
cblr-2952	822	57	sell	sell	VERB
cblr-2952	822	58	businesses	business	NOUN
cblr-2952	822	59	without	without	ADP
cblr-2952	822	60	taking	take	VERB
cblr-2952	822	61	them	they	PRON
cblr-2952	822	62	public	public	ADJ
cblr-2952	822	63	"	"	PUNCT
cblr-2952	822	64	)	)	PUNCT
cblr-2952	822	65	.	.	PUNCT
cblr-2952	823	1	176	176	NUM
cblr-2952	823	2	see	see	VERB
cblr-2952	823	3	barker	barker	PROPN
cblr-2952	823	4	&	&	CCONJ
cblr-2952	823	5	hadin	hadin	PROPN
cblr-2952	823	6	,	,	PUNCT
cblr-2952	823	7	supra	supra	ADJ
cblr-2952	823	8	note	note	NOUN
cblr-2952	823	9	173	173	NUM
cblr-2952	823	10	,	,	PUNCT
cblr-2952	823	11	at	at	ADP
cblr-2952	823	12	38	38	NUM
cblr-2952	823	13	.	.	PUNCT
cblr-2952	824	1	177	177	NUM
cblr-2952	824	2	see	see	VERB
cblr-2952	824	3	lola	lola	PROPN
cblr-2952	824	4	m.	m.	PROPN
cblr-2952	824	5	hale	hale	PROPN
cblr-2952	824	6	,	,	PUNCT
cblr-2952	824	7	spac	spac	PROPN
cblr-2952	824	8	:	:	PUNCT
cblr-2952	824	9	a	a	DET
cblr-2952	824	10	financing	financing	NOUN
cblr-2952	824	11	tool	tool	NOUN
cblr-2952	824	12	with	with	ADP
cblr-2952	824	13	something	something	PRON
cblr-2952	824	14	for	for	ADP
cblr-2952	824	15	everyone	everyone	PRON
cblr-2952	824	16	,	,	PUNCT
cblr-2952	824	17	18	18	NUM
cblr-2952	824	18	j.	j.	PROPN
cblr-2952	824	19	corp	corp	PROPN
cblr-2952	824	20	.	.	PROPN
cblr-2952	824	21	acct	acct	PROPN
cblr-2952	824	22	.	.	PUNCT
cblr-2952	824	23	&	&	CCONJ
cblr-2952	824	24	fin	fin	PROPN
cblr-2952	824	25	.	.	PUNCT
cblr-2952	825	1	(	(	PUNCT
cblr-2952	825	2	2	2	NUM
cblr-2952	825	3	)	)	PUNCT
cblr-2952	825	4	,	,	PUNCT
cblr-2952	825	5	67	67	NUM
cblr-2952	825	6	-	-	SYM
cblr-2952	825	7	74	74	NUM
cblr-2952	825	8	(	(	PUNCT
cblr-2952	825	9	2006	2006	NUM
cblr-2952	825	10	)	)	PUNCT
cblr-2952	825	11	.	.	PUNCT
cblr-2952	826	1	no	no	INTJ
cblr-2952	826	2	.	.	NOUN
cblr-2952	827	1	1	1	NUM
cblr-2952	827	2	:	:	SYM
cblr-2952	827	3	172	172	NUM
cblr-2952	827	4	]	]	PUNCT
cblr-2952	827	5	over	over	ADP
cblr-2952	827	6	$	$	SYM
cblr-2952	827	7	18.1	18.1	NUM
cblr-2952	827	8	billion	billion	NUM
cblr-2952	827	9	in	in	ADP
cblr-2952	827	10	offering	offer	VERB
cblr-2952	827	11	proceeds	proceed	NOUN
cblr-2952	827	12	.	.	PUNCT
cblr-2952	828	1	'	'	NUM
cblr-2952	828	2	78	78	NUM
cblr-2952	828	3	with	with	ADP
cblr-2952	828	4	the	the	DET
cblr-2952	828	5	increasing	increase	VERB
cblr-2952	828	6	prominence	prominence	NOUN
cblr-2952	828	7	of	of	ADP
cblr-2952	828	8	private	private	ADJ
cblr-2952	828	9	equity	equity	NOUN
cblr-2952	828	10	,	,	PUNCT
cblr-2952	828	11	the	the	DET
cblr-2952	828	12	growth	growth	NOUN
cblr-2952	828	13	of	of	ADP
cblr-2952	828	14	spacs	spac	NOUN
cblr-2952	828	15	has	have	AUX
cblr-2952	828	16	also	also	ADV
cblr-2952	828	17	accelerated	accelerate	VERB
cblr-2952	828	18	.	.	PUNCT
cblr-2952	829	1	the	the	DET
cblr-2952	829	2	following	follow	VERB
cblr-2952	829	3	chart	chart	NOUN
cblr-2952	829	4	sets	set	VERB
cblr-2952	829	5	forth	forth	ADP
cblr-2952	829	6	the	the	DET
cblr-2952	829	7	number	number	NOUN
cblr-2952	829	8	of	of	ADP
cblr-2952	829	9	spac	spac	PROPN
cblr-2952	829	10	initial	initial	ADJ
cblr-2952	829	11	public	public	ADJ
cblr-2952	829	12	offerings	offering	NOUN
cblr-2952	829	13	for	for	ADP
cblr-2952	829	14	the	the	DET
cblr-2952	829	15	period	period	NOUN
cblr-2952	829	16	from	from	ADP
cblr-2952	829	17	2003	2003	NUM
cblr-2952	829	18	through	through	ADP
cblr-2952	829	19	2007	2007	NUM
cblr-2952	829	20	and	and	CCONJ
cblr-2952	829	21	the	the	DET
cblr-2952	829	22	aggregate	aggregate	ADJ
cblr-2952	829	23	gross	gross	ADJ
cblr-2952	829	24	amount	amount	NOUN
cblr-2952	829	25	of	of	ADP
cblr-2952	829	26	their	their	PRON
cblr-2952	829	27	offering	offering	NOUN
cblr-2952	829	28	proceeds	proceed	NOUN
cblr-2952	829	29	:	:	PUNCT
cblr-2952	829	30	chart	chart	VERB
cblr-2952	829	31	4b	4b	PROPN
cblr-2952	829	32	spac	spac	PROPN
cblr-2952	829	33	offerings	offering	NOUN
cblr-2952	829	34	and	and	CCONJ
cblr-2952	829	35	gross	gross	ADJ
cblr-2952	829	36	offering	offering	NOUN
cblr-2952	829	37	proceeds	proceed	NOUN
cblr-2952	829	38	for	for	ADP
cblr-2952	829	39	2003	2003	NUM
cblr-2952	829	40	-	-	SYM
cblr-2952	829	41	2007	2007	NUM
cblr-2952	829	42	70$14,000	70$14,000	NUM
cblr-2952	829	43	66	66	NUM
cblr-2952	829	44	60	60	NUM
cblr-2952	829	45	$	$	SYM
cblr-2952	829	46	12.2	12.2	NUM
cblr-2952	829	47	$	$	SYM
cblr-2952	829	48	12,000	12,000	NUM
cblr-2952	829	49	50	50	NUM
cblr-2952	829	50	$	$	SYM
cblr-2952	829	51	10,000	10,000	NUM
cblr-2952	829	52	9	9	NUM
cblr-2952	829	53	40	40	NUM
cblr-2952	829	54	37	37	NUM
cblr-2952	829	55	$	$	SYM
cblr-2952	829	56	8,000	8,000	NUM
cblr-2952	829	57	.	.	PUNCT
cblr-2952	830	1	30	30	NUM
cblr-2952	830	2	28	28	NUM
cblr-2952	830	3	$	$	SYM
cblr-2952	830	4	6,000	6,000	NUM
cblr-2952	830	5	;	;	PUNCT
cblr-2952	830	6	20	20	NUM
cblr-2952	830	7	$	$	SYM
cblr-2952	830	8	4,000	4,000	NUM
cblr-2952	830	9	12	12	NUM
cblr-2952	830	10	$	$	SYM
cblr-2952	830	11	3,3	3,3	NUM
cblr-2952	830	12	10	10	NUM
cblr-2952	830	13	1	1	NUM
cblr-2952	830	14	$	$	SYM
cblr-2952	830	15	24	24	NUM
cblr-2952	830	16	$	$	SYM
cblr-2952	830	17	2.14	2.14	NUM
cblr-2952	830	18	$	$	SYM
cblr-2952	830	19	2,000	2,000	NUM
cblr-2952	830	20	1	1	NUM
cblr-2952	830	21	so	so	ADV
cblr-2952	830	22	0	0	NUM
cblr-2952	830	23	$	$	SYM
cblr-2952	830	24	0	0	NUM
cblr-2952	830	25	2003	2003	NUM
cblr-2952	830	26	2004	2004	NUM
cblr-2952	830	27	2005	2005	NUM
cblr-2952	830	28	2006	2006	NUM
cblr-2952	830	29	2007	2007	NUM
cblr-2952	830	30	number	number	NOUN
cblr-2952	830	31	of	of	ADP
cblr-2952	830	32	s	s	PART
cblr-2952	830	33	pacs	pac	NOUN
cblr-2952	830	34	series	series	NOUN
cblr-2952	830	35	1	1	NUM
cblr-2952	830	36	gross	gross	ADJ
cblr-2952	830	37	proceeds	proceed	NOUN
cblr-2952	830	38	of	of	ADP
cblr-2952	830	39	offerings	offering	NOUN
cblr-2952	830	40	source	source	NOUN
cblr-2952	830	41	:	:	PUNCT
cblr-2952	830	42	spac	spac	PROPN
cblr-2952	830	43	analytics	analytic	NOUN
cblr-2952	830	44	as	as	ADP
cblr-2952	830	45	chart	chart	PROPN
cblr-2952	830	46	4b	4b	PROPN
cblr-2952	830	47	shows	show	NOUN
cblr-2952	830	48	,	,	PUNCT
cblr-2952	830	49	in	in	ADP
cblr-2952	830	50	2007	2007	NUM
cblr-2952	830	51	,	,	PUNCT
cblr-2952	830	52	sixty	sixty	NUM
cblr-2952	830	53	-	-	PUNCT
cblr-2952	830	54	six	six	NUM
cblr-2952	830	55	spacs	spac	NOUN
cblr-2952	830	56	completed	complete	VERB
cblr-2952	830	57	initial	initial	ADJ
cblr-2952	830	58	public	public	ADJ
cblr-2952	830	59	offerings	offering	NOUN
cblr-2952	830	60	raising	raise	VERB
cblr-2952	830	61	$	$	SYM
cblr-2952	830	62	12.02	12.02	NUM
cblr-2952	830	63	billion	billion	NUM
cblr-2952	830	64	in	in	ADP
cblr-2952	830	65	aggregate	aggregate	ADJ
cblr-2952	830	66	gross	gross	ADJ
cblr-2952	830	67	proceeds	proceed	NOUN
cblr-2952	830	68	.	.	PUNCT
cblr-2952	830	69	'	'	PUNCT
cblr-2952	831	1	79	79	NUM
cblr-2952	832	1	this	this	PRON
cblr-2952	832	2	compares	compare	VERB
cblr-2952	832	3	with	with	ADP
cblr-2952	832	4	no	no	DET
cblr-2952	832	5	offerings	offering	NOUN
cblr-2952	832	6	in	in	ADP
cblr-2952	832	7	the	the	DET
cblr-2952	832	8	entire	entire	ADJ
cblr-2952	832	9	period	period	NOUN
cblr-2952	832	10	from	from	ADP
cblr-2952	832	11	the	the	DET
cblr-2952	832	12	late	late	ADJ
cblr-2952	832	13	1990s	1990	NOUN
cblr-2952	832	14	through	through	ADP
cblr-2952	832	15	2002.180	2002.180	NUM
cblr-2952	832	16	the	the	DET
cblr-2952	832	17	size	size	NOUN
cblr-2952	832	18	of	of	ADP
cblr-2952	832	19	individual	individual	ADJ
cblr-2952	832	20	spac	spac	NOUN
cblr-2952	832	21	offerings	offering	NOUN
cblr-2952	832	22	has	have	AUX
cblr-2952	832	23	also	also	ADV
cblr-2952	832	24	increased	increase	VERB
cblr-2952	832	25	.	.	PUNCT
cblr-2952	833	1	in	in	ADP
cblr-2952	833	2	2005	2005	NUM
cblr-2952	833	3	,	,	PUNCT
cblr-2952	833	4	over	over	ADP
cblr-2952	833	5	two	two	NUM
cblr-2952	833	6	-	-	PUNCT
cblr-2952	833	7	thirds	third	NOUN
cblr-2952	833	8	of	of	ADP
cblr-2952	833	9	spac	spac	PROPN
cblr-2952	833	10	initial	initial	ADJ
cblr-2952	833	11	public	public	ADJ
cblr-2952	833	12	offerings	offering	NOUN
cblr-2952	833	13	were	be	AUX
cblr-2952	833	14	for	for	ADP
cblr-2952	833	15	$	$	SYM
cblr-2952	833	16	100	100	NUM
cblr-2952	833	17	million	million	NUM
cblr-2952	833	18	or	or	CCONJ
cblr-2952	833	19	less	less	ADJ
cblr-2952	833	20	.	.	PUNCT
cblr-2952	834	1	but	but	CCONJ
cblr-2952	834	2	in	in	ADP
cblr-2952	834	3	2006	2006	NUM
cblr-2952	834	4	,	,	PUNCT
cblr-2952	834	5	forty	forty	NUM
cblr-2952	834	6	spacs	spac	NOUN
cblr-2952	834	7	announced	announce	VERB
cblr-2952	834	8	initial	initial	ADJ
cblr-2952	834	9	public	public	ADJ
cblr-2952	834	10	offerings	offering	NOUN
cblr-2952	834	11	for	for	ADP
cblr-2952	834	12	an	an	DET
cblr-2952	834	13	aggregate	aggregate	ADJ
cblr-2952	834	14	amount	amount	NOUN
cblr-2952	834	15	of	of	ADP
cblr-2952	834	16	$	$	SYM
cblr-2952	834	17	3.4	3.4	NUM
cblr-2952	834	18	billion	billion	NUM
cblr-2952	834	19	,	,	PUNCT
cblr-2952	834	20	and	and	CCONJ
cblr-2952	834	21	over	over	ADP
cblr-2952	834	22	half	half	NOUN
cblr-2952	834	23	attempted	attempt	VERB
cblr-2952	834	24	to	to	PART
cblr-2952	834	25	sell	sell	VERB
cblr-2952	834	26	more	more	ADJ
cblr-2952	834	27	than	than	ADP
cblr-2952	834	28	$	$	SYM
cblr-2952	834	29	100	100	NUM
cblr-2952	834	30	million	million	NUM
cblr-2952	834	31	in	in	ADP
cblr-2952	834	32	securities	security	NOUN
cblr-2952	834	33	.	.	PUNCT
cblr-2952	835	1	"	"	PUNCT
cblr-2952	835	2	'	'	PUNCT
cblr-2952	835	3	178	178	NUM
cblr-2952	835	4	spac	spac	NOUN
cblr-2952	835	5	analytics	analytic	NOUN
cblr-2952	835	6	,	,	PUNCT
cblr-2952	835	7	summary	summary	NOUN
cblr-2952	835	8	of	of	ADP
cblr-2952	835	9	funds	fund	NOUN
cblr-2952	835	10	raised	raise	VERB
cblr-2952	835	11	,	,	PUNCT
cblr-2952	835	12	http://www.spacanalytics.com/	http://www.spacanalytics.com/	NOUN
cblr-2952	835	13	(	(	PUNCT
cblr-2952	835	14	last	last	ADJ
cblr-2952	835	15	visited	visit	VERB
cblr-2952	835	16	feb	feb	PROPN
cblr-2952	835	17	.	.	PROPN
cblr-2952	835	18	4	4	NUM
cblr-2952	835	19	,	,	PUNCT
cblr-2952	835	20	2008	2008	NUM
cblr-2952	835	21	)	)	PUNCT
cblr-2952	835	22	.	.	PUNCT
cblr-2952	836	1	179	179	NUM
cblr-2952	837	1	i	i	PRON
cblr-2952	837	2	d.	d.	NOUN
cblr-2952	837	3	180	180	NUM
cblr-2952	837	4	dealogic	dealogic	ADJ
cblr-2952	837	5	database	database	NOUN
cblr-2952	837	6	(	(	PUNCT
cblr-2952	837	7	search	search	NOUN
cblr-2952	837	8	data	datum	NOUN
cblr-2952	837	9	on	on	ADP
cblr-2952	837	10	file	file	NOUN
cblr-2952	837	11	with	with	ADP
cblr-2952	837	12	author	author	NOUN
cblr-2952	837	13	)	)	PUNCT
cblr-2952	837	14	.	.	PUNCT
cblr-2952	838	1	'	'	PUNCT
cblr-2952	838	2	8	8	NUM
cblr-2952	838	3	'	'	PUNCT
cblr-2952	838	4	see	see	VERB
cblr-2952	838	5	barker	barker	PROPN
cblr-2952	838	6	&	&	CCONJ
cblr-2952	838	7	hedin	hedin	PROPN
cblr-2952	838	8	,	,	PUNCT
cblr-2952	838	9	supra	supra	PROPN
cblr-2952	838	10	note	note	NOUN
cblr-2952	838	11	173	173	NUM
cblr-2952	838	12	,	,	PUNCT
cblr-2952	838	13	at	at	ADP
cblr-2952	838	14	38	38	NUM
cblr-2952	838	15	.	.	PUNCT
cblr-2952	839	1	as	as	ADP
cblr-2952	839	2	of	of	ADP
cblr-2952	839	3	february	february	PROPN
cblr-2952	839	4	1	1	NUM
cblr-2952	839	5	,	,	PUNCT
cblr-2952	839	6	2008	2008	NUM
cblr-2952	839	7	,	,	PUNCT
cblr-2952	839	8	only	only	ADV
cblr-2952	839	9	twenty	twenty	NUM
cblr-2952	839	10	-	-	PUNCT
cblr-2952	839	11	five	five	NUM
cblr-2952	839	12	of	of	ADP
cblr-2952	839	13	the	the	DET
cblr-2952	839	14	151	151	NUM
cblr-2952	839	15	spacs	spac	NOUN
cblr-2952	839	16	which	which	PRON
cblr-2952	839	17	had	have	AUX
cblr-2952	839	18	gone	go	VERB
cblr-2952	839	19	public	public	ADJ
cblr-2952	839	20	since	since	SCONJ
cblr-2952	839	21	2003	2003	NUM
cblr-2952	839	22	had	have	AUX
cblr-2952	839	23	actually	actually	ADV
cblr-2952	839	24	consummated	consummate	VERB
cblr-2952	839	25	a	a	DET
cblr-2952	839	26	business	business	NOUN
cblr-2952	839	27	combination	combination	NOUN
cblr-2952	839	28	,	,	PUNCT
cblr-2952	839	29	and	and	CCONJ
cblr-2952	839	30	another	another	DET
cblr-2952	839	31	twenty	twenty	NUM
cblr-2952	839	32	-	-	PUNCT
cblr-2952	839	33	three	three	NUM
cblr-2952	839	34	col	col	PROPN
cblr-2952	839	35	umbia	umbia	PROPN
cblr-2952	839	36	b	b	PROPN
cblr-2952	840	1	usiness	usiness	PROPN
cblr-2952	840	2	la	la	PROPN
cblr-2952	840	3	w	w	PROPN
cblr-2952	840	4	re	re	PROPN
cblr-2952	840	5	vie	vie	PROPN
cblr-2952	840	6	w	w	PROPN
cblr-2952	841	1	[	[	X
cblr-2952	841	2	vol	vol	NOUN
cblr-2952	841	3	.	.	NOUN
cblr-2952	841	4	2008	2008	NUM
cblr-2952	841	5	black	black	ADJ
cblr-2952	841	6	market	market	NOUN
cblr-2952	841	7	capital	capital	NOUN
cblr-2952	841	8	then	then	ADV
cblr-2952	841	9	in	in	ADP
cblr-2952	841	10	2007	2007	NUM
cblr-2952	841	11	there	there	PRON
cblr-2952	841	12	was	be	VERB
cblr-2952	841	13	the	the	DET
cblr-2952	841	14	first	first	ADJ
cblr-2952	841	15	billion	billion	NUM
cblr-2952	841	16	dollar	dollar	NOUN
cblr-2952	841	17	capital	capital	NOUN
cblr-2952	841	18	raising	raising	NOUN
cblr-2952	841	19	by	by	ADP
cblr-2952	841	20	a	a	DET
cblr-2952	841	21	spac	spac	NOUN
cblr-2952	841	22	,	,	PUNCT
cblr-2952	841	23	the	the	DET
cblr-2952	841	24	$	$	SYM
cblr-2952	841	25	1.035	1.035	NUM
cblr-2952	841	26	billion	billion	NUM
cblr-2952	841	27	dollar	dollar	NOUN
cblr-2952	841	28	initial	initial	ADJ
cblr-2952	841	29	public	public	ADJ
cblr-2952	841	30	offering	offering	NOUN
cblr-2952	841	31	by	by	ADP
cblr-2952	841	32	liberty	liberty	NOUN
cblr-2952	841	33	acquisition	acquisition	NOUN
cblr-2952	841	34	holdings	holding	NOUN
cblr-2952	841	35	corp.1	corp.1	PROPN
cblr-2952	841	36	2	2	NUM
cblr-2952	841	37	with	with	ADP
cblr-2952	841	38	this	this	DET
cblr-2952	841	39	rise	rise	NOUN
cblr-2952	841	40	in	in	ADP
cblr-2952	841	41	offerings	offering	NOUN
cblr-2952	841	42	has	have	AUX
cblr-2952	841	43	come	come	VERB
cblr-2952	841	44	an	an	DET
cblr-2952	841	45	increase	increase	NOUN
cblr-2952	841	46	in	in	ADP
cblr-2952	841	47	mainstream	mainstream	ADJ
cblr-2952	841	48	private	private	ADJ
cblr-2952	841	49	equity	equity	NOUN
cblr-2952	841	50	participation	participation	NOUN
cblr-2952	841	51	.	.	PUNCT
cblr-2952	842	1	managers	manager	NOUN
cblr-2952	842	2	from	from	ADP
cblr-2952	842	3	traditional	traditional	ADJ
cblr-2952	842	4	private	private	ADJ
cblr-2952	842	5	equity	equity	NOUN
cblr-2952	842	6	funds	fund	NOUN
cblr-2952	842	7	are	be	AUX
cblr-2952	842	8	now	now	ADV
cblr-2952	842	9	forming	form	VERB
cblr-2952	842	10	their	their	PRON
cblr-2952	842	11	own	own	ADJ
cblr-2952	842	12	spac	spac	NOUN
cblr-2952	842	13	vehicles	vehicle	NOUN
cblr-2952	842	14	as	as	ADP
cblr-2952	842	15	alternatives	alternative	NOUN
cblr-2952	842	16	to	to	ADP
cblr-2952	842	17	commencing	commence	VERB
cblr-2952	842	18	their	their	PRON
cblr-2952	842	19	own	own	ADJ
cblr-2952	842	20	private	private	ADJ
cblr-2952	842	21	equity	equity	NOUN
cblr-2952	842	22	funds.83	funds.83	VERB
cblr-2952	842	23	the	the	DET
cblr-2952	842	24	rise	rise	NOUN
cblr-2952	842	25	of	of	ADP
cblr-2952	842	26	spacs	spac	NOUN
cblr-2952	842	27	,	,	PUNCT
cblr-2952	842	28	as	as	ADP
cblr-2952	842	29	with	with	ADP
cblr-2952	842	30	hedge	hedge	NOUN
cblr-2952	842	31	fund	fund	NOUN
cblr-2952	842	32	and	and	CCONJ
cblr-2952	842	33	private	private	ADJ
cblr-2952	842	34	equity	equity	NOUN
cblr-2952	842	35	fund	fund	NOUN
cblr-2952	842	36	advisers	adviser	NOUN
cblr-2952	842	37	,	,	PUNCT
cblr-2952	842	38	has	have	AUX
cblr-2952	842	39	been	be	AUX
cblr-2952	842	40	attributed	attribute	VERB
cblr-2952	842	41	to	to	ADP
cblr-2952	842	42	their	their	PRON
cblr-2952	842	43	perceived	perceive	VERB
cblr-2952	842	44	properties	property	NOUN
cblr-2952	842	45	as	as	ADP
cblr-2952	842	46	a	a	DET
cblr-2952	842	47	substitute	substitute	NOUN
cblr-2952	842	48	for	for	ADP
cblr-2952	842	49	private	private	ADJ
cblr-2952	842	50	equity	equity	NOUN
cblr-2952	842	51	fund	fund	NOUN
cblr-2952	842	52	investments	investment	NOUN
cblr-2952	842	53	.	.	PUNCT
cblr-2952	843	1	analysts	analyst	NOUN
cblr-2952	843	2	covering	cover	VERB
cblr-2952	843	3	these	these	DET
cblr-2952	843	4	investments	investment	NOUN
cblr-2952	843	5	almost	almost	ADV
cblr-2952	843	6	uniformly	uniformly	ADV
cblr-2952	843	7	refer	refer	VERB
cblr-2952	843	8	to	to	ADP
cblr-2952	843	9	them	they	PRON
cblr-2952	843	10	as	as	ADP
cblr-2952	843	11	public	public	ADJ
cblr-2952	843	12	opportunities	opportunity	NOUN
cblr-2952	843	13	for	for	ADP
cblr-2952	843	14	private	private	ADJ
cblr-2952	843	15	equity	equity	NOUN
cblr-2952	843	16	investment	investment	NOUN
cblr-2952	843	17	and	and	CCONJ
cblr-2952	843	18	repeatedly	repeatedly	ADV
cblr-2952	843	19	assess	assess	VERB
cblr-2952	843	20	their	their	PRON
cblr-2952	843	21	quality	quality	NOUN
cblr-2952	843	22	in	in	ADP
cblr-2952	843	23	comparison	comparison	NOUN
cblr-2952	843	24	to	to	ADP
cblr-2952	843	25	private	private	ADJ
cblr-2952	843	26	equity	equity	NOUN
cblr-2952	843	27	.	.	PUNCT
cblr-2952	844	1	"m	"m	PROPN
cblr-2952	844	2	media	medium	NOUN
cblr-2952	844	3	similarly	similarly	ADV
cblr-2952	844	4	and	and	CCONJ
cblr-2952	844	5	repeatedly	repeatedly	ADV
cblr-2952	844	6	describe	describe	VERB
cblr-2952	844	7	these	these	DET
cblr-2952	844	8	investments	investment	NOUN
cblr-2952	844	9	as	as	ADP
cblr-2952	844	10	opportunities	opportunity	NOUN
cblr-2952	844	11	for	for	SCONJ
cblr-2952	844	12	public	public	ADJ
cblr-2952	844	13	investors	investor	NOUN
cblr-2952	844	14	to	to	PART
cblr-2952	844	15	invest	invest	VERB
cblr-2952	844	16	in	in	ADP
cblr-2952	844	17	private	private	ADJ
cblr-2952	844	18	equity	equity	NOUN
cblr-2952	844	19	and	and	CCONJ
cblr-2952	844	20	pin	pin	VERB
cblr-2952	844	21	their	their	PRON
cblr-2952	844	22	emergence	emergence	NOUN
cblr-2952	844	23	on	on	ADP
cblr-2952	844	24	the	the	DET
cblr-2952	844	25	public	public	NOUN
cblr-2952	844	26	's	's	PART
cblr-2952	844	27	closed	closed	ADJ
cblr-2952	844	28	-	-	PUNCT
cblr-2952	844	29	off	off	ADP
cblr-2952	844	30	desire	desire	NOUN
cblr-2952	844	31	for	for	ADP
cblr-2952	844	32	such	such	ADJ
cblr-2952	844	33	investments	investment	NOUN
cblr-2952	844	34	.	.	PUNCT
cblr-2952	844	35	'	'	PUNCT
cblr-2952	845	1	in	in	ADP
cblr-2952	845	2	short	short	ADJ
cblr-2952	845	3	,	,	PUNCT
cblr-2952	845	4	the	the	DET
cblr-2952	845	5	spac	spac	PROPN
cblr-2952	845	6	spacs	spac	NOUN
cblr-2952	845	7	had	have	VERB
cblr-2952	845	8	agreements	agreement	NOUN
cblr-2952	845	9	pending	pende	VERB
cblr-2952	845	10	for	for	ADP
cblr-2952	845	11	acquisitions	acquisition	NOUN
cblr-2952	845	12	.	.	PUNCT
cblr-2952	846	1	see	see	VERB
cblr-2952	846	2	spac	spac	PROPN
cblr-2952	846	3	analytics	analytic	NOUN
cblr-2952	846	4	,	,	PUNCT
cblr-2952	846	5	summary	summary	NOUN
cblr-2952	846	6	of	of	ADP
cblr-2952	846	7	spacs	spac	NOUN
cblr-2952	846	8	,	,	PUNCT
cblr-2952	846	9	http://www.spacanalytics.com/	http://www.spacanalytics.com/	NOUN
cblr-2952	846	10	(	(	PUNCT
cblr-2952	846	11	last	last	ADJ
cblr-2952	846	12	visited	visit	VERB
cblr-2952	846	13	feb	feb	PROPN
cblr-2952	846	14	.	.	PROPN
cblr-2952	846	15	4	4	NUM
cblr-2952	846	16	,	,	PUNCT
cblr-2952	846	17	2008	2008	NUM
cblr-2952	846	18	)	)	PUNCT
cblr-2952	846	19	.	.	PUNCT
cblr-2952	847	1	182	182	NUM
cblr-2952	847	2	see	see	VERB
cblr-2952	847	3	liberty	liberty	NOUN
cblr-2952	847	4	acquisition	acquisition	NOUN
cblr-2952	847	5	holdings	holdings	PROPN
cblr-2952	847	6	,	,	PUNCT
cblr-2952	847	7	inc	inc	PROPN
cblr-2952	847	8	.	.	PROPN
cblr-2952	847	9	,	,	PUNCT
cblr-2952	847	10	current	current	ADJ
cblr-2952	847	11	report	report	NOUN
cblr-2952	847	12	on	on	ADP
cblr-2952	847	13	form	form	NOUN
cblr-2952	847	14	8	8	NUM
cblr-2952	847	15	-	-	SYM
cblr-2952	847	16	k	k	X
cblr-2952	847	17	(	(	PUNCT
cblr-2952	847	18	dec	dec	PROPN
cblr-2952	847	19	.	.	PROPN
cblr-2952	847	20	12	12	NUM
cblr-2952	847	21	,	,	PUNCT
cblr-2952	847	22	2007	2007	NUM
cblr-2952	847	23	)	)	PUNCT
cblr-2952	847	24	.	.	PUNCT
cblr-2952	848	1	...	...	PUNCT
cblr-2952	848	2	for	for	ADP
cblr-2952	848	3	example	example	NOUN
cblr-2952	848	4	,	,	PUNCT
cblr-2952	848	5	on	on	ADP
cblr-2952	848	6	october	october	PROPN
cblr-2952	848	7	1	1	NUM
cblr-2952	848	8	,	,	PUNCT
cblr-2952	848	9	2007	2007	NUM
cblr-2952	848	10	,	,	PUNCT
cblr-2952	848	11	thomas	thomas	PROPN
cblr-2952	848	12	0	0	NUM
cblr-2952	848	13	.	.	PUNCT
cblr-2952	848	14	hicks	hicks	PROPN
cblr-2952	848	15	,	,	PUNCT
cblr-2952	848	16	the	the	DET
cblr-2952	848	17	founder	founder	NOUN
cblr-2952	848	18	and	and	CCONJ
cblr-2952	848	19	former	former	ADJ
cblr-2952	848	20	ceo	ceo	NOUN
cblr-2952	848	21	of	of	ADP
cblr-2952	848	22	the	the	DET
cblr-2952	848	23	renowned	renowned	ADJ
cblr-2952	848	24	private	private	ADJ
cblr-2952	848	25	equity	equity	NOUN
cblr-2952	848	26	firm	firm	NOUN
cblr-2952	848	27	hicks	hicks	PROPN
cblr-2952	848	28	muse	muse	PROPN
cblr-2952	848	29	tate	tate	PROPN
cblr-2952	848	30	&	&	CCONJ
cblr-2952	848	31	furst	furst	PROPN
cblr-2952	848	32	,	,	PUNCT
cblr-2952	848	33	completed	complete	VERB
cblr-2952	848	34	a	a	DET
cblr-2952	848	35	$	$	SYM
cblr-2952	848	36	480	480	NUM
cblr-2952	848	37	million	million	NUM
cblr-2952	848	38	initial	initial	ADJ
cblr-2952	848	39	public	public	ADJ
cblr-2952	848	40	offering	offering	NOUN
cblr-2952	848	41	for	for	ADP
cblr-2952	848	42	the	the	DET
cblr-2952	848	43	spac	spac	PROPN
cblr-2952	848	44	,	,	PUNCT
cblr-2952	848	45	hicks	hicks	PROPN
cblr-2952	848	46	acquisition	acquisition	PROPN
cblr-2952	848	47	company	company	PROPN
cblr-2952	848	48	i	i	PROPN
cblr-2952	848	49	,	,	PUNCT
cblr-2952	848	50	inc	inc	PROPN
cblr-2952	848	51	.	.	PROPN
cblr-2952	848	52	see	see	PROPN
cblr-2952	849	1	hicks	hicks	PROPN
cblr-2952	849	2	acquisition	acquisition	PROPN
cblr-2952	849	3	co.	co.	PROPN
cblr-2952	850	1	i	i	PRON
cblr-2952	850	2	,	,	PUNCT
cblr-2952	850	3	(	(	PUNCT
cblr-2952	850	4	prospectus	prospectus	NOUN
cblr-2952	850	5	)	)	PUNCT
cblr-2952	850	6	,	,	PUNCT
cblr-2952	850	7	at	at	ADP
cblr-2952	850	8	1	1	NUM
cblr-2952	850	9	(	(	PUNCT
cblr-2952	850	10	oct	oct	PROPN
cblr-2952	850	11	.	.	PROPN
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cblr-2952	850	13	,	,	PUNCT
cblr-2952	850	14	2007	2007	NUM
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cblr-2952	850	16	.	.	PUNCT
cblr-2952	851	1	marathon	marathon	PROPN
cblr-2952	851	2	acquisition	acquisition	PROPN
cblr-2952	851	3	corp	corp	PROPN
cblr-2952	851	4	.	.	PROPN
cblr-2952	851	5	,	,	PUNCT
cblr-2952	851	6	a	a	DET
cblr-2952	851	7	spac	spac	NOUN
cblr-2952	851	8	formed	form	VERB
cblr-2952	851	9	by	by	ADP
cblr-2952	851	10	michael	michael	PROPN
cblr-2952	851	11	gross	gross	PROPN
cblr-2952	851	12	,	,	PUNCT
cblr-2952	851	13	a	a	DET
cblr-2952	851	14	founder	founder	NOUN
cblr-2952	851	15	and	and	CCONJ
cblr-2952	851	16	former	former	ADJ
cblr-2952	851	17	partner	partner	NOUN
cblr-2952	851	18	with	with	ADP
cblr-2952	851	19	apollo	apollo	PROPN
cblr-2952	851	20	management	management	PROPN
cblr-2952	851	21	,	,	PUNCT
cblr-2952	851	22	l.p	l.p	PROPN
cblr-2952	851	23	.	.	PROPN
cblr-2952	851	24	,	,	PUNCT
cblr-2952	851	25	also	also	ADV
cblr-2952	851	26	raised	raise	VERB
cblr-2952	851	27	$	$	SYM
cblr-2952	851	28	300	300	NUM
cblr-2952	851	29	million	million	NUM
cblr-2952	851	30	in	in	ADP
cblr-2952	851	31	a	a	DET
cblr-2952	851	32	2006	2006	NUM
cblr-2952	851	33	initial	initial	ADJ
cblr-2952	851	34	public	public	ADJ
cblr-2952	851	35	offering	offering	NOUN
cblr-2952	851	36	.	.	PUNCT
cblr-2952	852	1	see	see	VERB
cblr-2952	852	2	marathon	marathon	PROPN
cblr-2952	852	3	acquisition	acquisition	PROPN
cblr-2952	852	4	corp	corp	PROPN
cblr-2952	852	5	.	.	PROPN
cblr-2952	852	6	,	,	PUNCT
cblr-2952	852	7	(	(	PUNCT
cblr-2952	852	8	prospectus	prospectus	NOUN
cblr-2952	852	9	)	)	PUNCT
cblr-2952	852	10	(	(	PUNCT
cblr-2952	852	11	aug	aug	PROPN
cblr-2952	852	12	.	.	PROPN
cblr-2952	852	13	25	25	NUM
cblr-2952	852	14	,	,	PUNCT
cblr-2952	852	15	2006	2006	NUM
cblr-2952	852	16	)	)	PUNCT
cblr-2952	852	17	.	.	PUNCT
cblr-2952	853	1	18	18	NUM
cblr-2952	853	2	see	see	VERB
cblr-2952	853	3	,	,	PUNCT
cblr-2952	853	4	e.g.	e.g.	ADV
cblr-2952	853	5	,	,	PUNCT
cblr-2952	853	6	lynn	lynn	PROPN
cblr-2952	853	7	cowan	cowan	PROPN
cblr-2952	853	8	,	,	PUNCT
cblr-2952	853	9	blank	blank	ADJ
cblr-2952	853	10	checks	check	NOUN
cblr-2952	853	11	generate	generate	VERB
cblr-2952	853	12	new	new	ADJ
cblr-2952	853	13	interest	interest	NOUN
cblr-2952	853	14	,	,	PUNCT
cblr-2952	853	15	wall	wall	PROPN
cblr-2952	853	16	st	st	PROPN
cblr-2952	853	17	.	.	PROPN
cblr-2952	853	18	j.	j.	PROPN
cblr-2952	853	19	,	,	PUNCT
cblr-2952	853	20	dec	dec	PROPN
cblr-2952	853	21	24	24	NUM
cblr-2952	853	22	,	,	PUNCT
cblr-2952	853	23	2007	2007	NUM
cblr-2952	853	24	,	,	PUNCT
cblr-2952	853	25	at	at	ADP
cblr-2952	853	26	c1	c1	PROPN
cblr-2952	853	27	(	(	PUNCT
cblr-2952	853	28	reporting	report	VERB
cblr-2952	853	29	that	that	SCONJ
cblr-2952	853	30	"	"	PUNCT
cblr-2952	853	31	citigroup	citigroup	NOUN
cblr-2952	853	32	bankers	banker	NOUN
cblr-2952	853	33	say	say	VERB
cblr-2952	853	34	one	one	NUM
cblr-2952	853	35	reason	reason	NOUN
cblr-2952	853	36	they	they	PRON
cblr-2952	853	37	began	begin	VERB
cblr-2952	853	38	to	to	PART
cblr-2952	853	39	underwrite	underwrite	VERB
cblr-2952	853	40	such	such	ADJ
cblr-2952	853	41	deals	deal	NOUN
cblr-2952	853	42	was	be	AUX
cblr-2952	853	43	investor	investor	NOUN
cblr-2952	853	44	demand	demand	NOUN
cblr-2952	853	45	for	for	ADP
cblr-2952	853	46	privateequity	privateequity	NOUN
cblr-2952	853	47	type	type	NOUN
cblr-2952	853	48	investments	investment	NOUN
cblr-2952	853	49	with	with	ADP
cblr-2952	853	50	shorter	short	ADJ
cblr-2952	853	51	timelines	timeline	NOUN
cblr-2952	853	52	than	than	ADP
cblr-2952	853	53	actual	actual	ADJ
cblr-2952	853	54	private	private	ADJ
cblr-2952	853	55	-	-	PUNCT
cblr-2952	853	56	equity	equity	NOUN
cblr-2952	853	57	funds	fund	NOUN
cblr-2952	853	58	"	"	PUNCT
cblr-2952	853	59	)	)	PUNCT
cblr-2952	853	60	.	.	PUNCT
cblr-2952	853	61	"	"	PUNCT
cblr-2952	854	1	see	see	VERB
cblr-2952	854	2	,	,	PUNCT
cblr-2952	854	3	eg	eg	PROPN
cblr-2952	854	4	.	.	PROPN
cblr-2952	854	5	,	,	PUNCT
cblr-2952	854	6	james	james	PROPN
cblr-2952	854	7	altucher	altucher	ADV
cblr-2952	854	8	,	,	PUNCT
cblr-2952	854	9	get	get	VERB
cblr-2952	854	10	low	low	ADJ
cblr-2952	854	11	-	-	PUNCT
cblr-2952	854	12	risk	risk	NOUN
cblr-2952	854	13	exposure	exposure	NOUN
cblr-2952	854	14	to	to	ADP
cblr-2952	854	15	private	private	ADJ
cblr-2952	854	16	equity	equity	NOUN
cblr-2952	854	17	,	,	PUNCT
cblr-2952	854	18	fin	fin	NOUN
cblr-2952	854	19	.	.	PUNCT
cblr-2952	854	20	times	times	PROPN
cblr-2952	854	21	.	.	PUNCT
cblr-2952	855	1	(	(	PUNCT
cblr-2952	855	2	u.s	u.s	PROPN
cblr-2952	855	3	.	.	PROPN
cblr-2952	855	4	)	)	PUNCT
cblr-2952	855	5	,	,	PUNCT
cblr-2952	855	6	may	may	AUX
cblr-2952	855	7	10	10	NUM
cblr-2952	855	8	,	,	PUNCT
cblr-2952	855	9	2005	2005	NUM
cblr-2952	855	10	,	,	PUNCT
cblr-2952	855	11	at	at	ADP
cblr-2952	855	12	12	12	NUM
cblr-2952	855	13	(	(	PUNCT
cblr-2952	855	14	"	"	PUNCT
cblr-2952	855	15	spacs	spac	NOUN
cblr-2952	855	16	are	be	AUX
cblr-2952	855	17	an	an	DET
cblr-2952	855	18	intriguing	intriguing	ADJ
cblr-2952	855	19	way	way	NOUN
cblr-2952	855	20	for	for	ADP
cblr-2952	855	21	retail	retail	ADJ
cblr-2952	855	22	investors	investor	NOUN
cblr-2952	855	23	,	,	PUNCT
cblr-2952	855	24	and	and	CCONJ
cblr-2952	855	25	even	even	ADV
cblr-2952	855	26	hedge	hedge	NOUN
cblr-2952	855	27	funds	fund	NOUN
cblr-2952	855	28	,	,	PUNCT
cblr-2952	855	29	to	to	PART
cblr-2952	855	30	get	get	VERB
cblr-2952	855	31	in	in	ADP
cblr-2952	855	32	on	on	ADP
cblr-2952	855	33	the	the	DET
cblr-2952	855	34	private	private	ADJ
cblr-2952	855	35	equity	equity	NOUN
cblr-2952	855	36	game	game	NOUN
cblr-2952	855	37	.	.	PUNCT
cblr-2952	856	1	"	"	PUNCT
cblr-2952	856	2	)	)	PUNCT
cblr-2952	856	3	;	;	PUNCT
cblr-2952	856	4	eleanor	eleanor	PROPN
cblr-2952	856	5	laise	laise	PROPN
cblr-2952	856	6	,	,	PUNCT
cblr-2952	856	7	private	private	ADJ
cblr-2952	856	8	equity	equity	NOUN
cblr-2952	856	9	targets	target	NOUN
cblr-2952	856	10	littler	little	ADJ
cblr-2952	856	11	guy	guy	NOUN
cblr-2952	856	12	,	,	PUNCT
cblr-2952	856	13	wall	wall	PROPN
cblr-2952	856	14	st	st	PROPN
cblr-2952	856	15	.	.	PROPN
cblr-2952	856	16	j.	j.	PROPN
cblr-2952	856	17	,	,	PUNCT
cblr-2952	856	18	nov	nov	PROPN
cblr-2952	856	19	.	.	PROPN
cblr-2952	856	20	8	8	NUM
cblr-2952	856	21	.	.	NUM
cblr-2952	856	22	,	,	PUNCT
cblr-2952	856	23	2006	2006	NUM
cblr-2952	856	24	(	(	PUNCT
cblr-2952	856	25	"	"	PUNCT
cblr-2952	856	26	private	private	ADJ
cblr-2952	856	27	equity	equity	NOUN
cblr-2952	856	28	is	be	AUX
cblr-2952	856	29	taking	take	VERB
cblr-2952	856	30	wall	wall	PROPN
cblr-2952	856	31	street	street	PROPN
cblr-2952	856	32	by	by	ADP
cblr-2952	856	33	storm	storm	NOUN
cblr-2952	856	34	.	.	PUNCT
cblr-2952	857	1	now	now	ADV
cblr-2952	857	2	it	it	PRON
cblr-2952	857	3	's	be	AUX
cblr-2952	857	4	getting	get	VERB
cblr-2952	857	5	easier	easy	ADJ
cblr-2952	857	6	for	for	SCONJ
cblr-2952	857	7	individual	individual	ADJ
cblr-2952	857	8	investors	investor	NOUN
cblr-2952	857	9	to	to	PART
cblr-2952	857	10	get	get	VERB
cblr-2952	857	11	a	a	DET
cblr-2952	857	12	piece	piece	NOUN
cblr-2952	857	13	of	of	ADP
cblr-2952	857	14	the	the	DET
cblr-2952	857	15	action	action	NOUN
cblr-2952	857	16	.	.	PUNCT
cblr-2952	858	1	"	"	PUNCT
cblr-2952	858	2	)	)	PUNCT
cblr-2952	858	3	;	;	PUNCT
cblr-2952	858	4	richard	richard	NOUN
cblr-2952	858	5	siklos	siklo	NOUN
cblr-2952	858	6	,	,	PUNCT
cblr-2952	858	7	former	former	ADJ
cblr-2952	858	8	media	medium	NOUN
cblr-2952	858	9	executives	executive	NOUN
cblr-2952	858	10	give	give	VERB
cblr-2952	858	11	new	new	ADJ
cblr-2952	858	12	life	life	NOUN
cblr-2952	858	13	to	to	ADP
cblr-2952	858	14	'	'	PUNCT
cblr-2952	858	15	blank	blank	ADJ
cblr-2952	858	16	check	check	NOUN
cblr-2952	858	17	'	'	PART
cblr-2952	858	18	corporano	corporano	NOUN
cblr-2952	858	19	.	.	PUNCT
cblr-2952	859	1	1:172	1:172	NUM
cblr-2952	859	2	]	]	PUNCT
cblr-2952	859	3	columbia	columbia	PROPN
cblr-2952	859	4	business	business	PROPN
cblr-2952	859	5	law	law	PROPN
cblr-2952	859	6	review	review	NOUN
cblr-2952	859	7	phenomenon	phenomenon	NOUN
cblr-2952	859	8	has	have	AUX
cblr-2952	859	9	been	be	AUX
cblr-2952	859	10	publicly	publicly	ADV
cblr-2952	859	11	attributed	attribute	VERB
cblr-2952	859	12	and	and	CCONJ
cblr-2952	859	13	promoted	promote	VERB
cblr-2952	859	14	as	as	ADP
cblr-2952	859	15	a	a	DET
cblr-2952	859	16	private	private	ADJ
cblr-2952	859	17	equity	equity	NOUN
cblr-2952	859	18	substitute	substitute	NOUN
cblr-2952	859	19	,	,	PUNCT
cblr-2952	859	20	one	one	NUM
cblr-2952	859	21	the	the	DET
cblr-2952	859	22	public	public	NOUN
cblr-2952	859	23	can	can	AUX
cblr-2952	859	24	now	now	ADV
cblr-2952	859	25	freely	freely	ADV
cblr-2952	859	26	access	access	NOUN
cblr-2952	859	27	.	.	PUNCT
cblr-2952	860	1	3	3	X
cblr-2952	860	2	.	.	X
cblr-2952	860	3	alternative	alternative	ADJ
cblr-2952	860	4	markets	market	NOUN
cblr-2952	860	5	black	black	ADJ
cblr-2952	860	6	market	market	NOUN
cblr-2952	860	7	capital	capital	NOUN
cblr-2952	860	8	has	have	AUX
cblr-2952	860	9	not	not	PART
cblr-2952	860	10	only	only	ADV
cblr-2952	860	11	engendered	engender	VERB
cblr-2952	860	12	substitute	substitute	ADJ
cblr-2952	860	13	investment	investment	NOUN
cblr-2952	860	14	products	product	NOUN
cblr-2952	860	15	,	,	PUNCT
cblr-2952	860	16	but	but	CCONJ
cblr-2952	860	17	it	it	PRON
cblr-2952	860	18	has	have	AUX
cblr-2952	860	19	also	also	ADV
cblr-2952	860	20	resulted	result	VERB
cblr-2952	860	21	in	in	ADP
cblr-2952	860	22	the	the	DET
cblr-2952	860	23	emergence	emergence	NOUN
cblr-2952	860	24	of	of	ADP
cblr-2952	860	25	substitute	substitute	NOUN
cblr-2952	860	26	markets	market	NOUN
cblr-2952	860	27	themselves	themselves	PRON
cblr-2952	860	28	.	.	PUNCT
cblr-2952	861	1	at	at	ADV
cblr-2952	861	2	least	least	ADV
cblr-2952	861	3	two	two	NUM
cblr-2952	861	4	substitute	substitute	ADJ
cblr-2952	861	5	alternative	alternative	ADJ
cblr-2952	861	6	markets	market	NOUN
cblr-2952	861	7	can	can	AUX
cblr-2952	861	8	be	be	AUX
cblr-2952	861	9	identified	identify	VERB
cblr-2952	861	10	as	as	ADP
cblr-2952	861	11	a	a	DET
cblr-2952	861	12	partial	partial	ADJ
cblr-2952	861	13	byproduct	byproduct	NOUN
cblr-2952	861	14	of	of	ADP
cblr-2952	861	15	current	current	ADJ
cblr-2952	861	16	foreclosing	foreclosing	NOUN
cblr-2952	861	17	hedge	hedge	NOUN
cblr-2952	861	18	fund	fund	NOUN
cblr-2952	861	19	and	and	CCONJ
cblr-2952	861	20	private	private	ADJ
cblr-2952	861	21	equity	equity	NOUN
cblr-2952	861	22	regulation	regulation	NOUN
cblr-2952	861	23	.	.	PUNCT
cblr-2952	862	1	first	first	ADV
cblr-2952	862	2	,	,	PUNCT
cblr-2952	862	3	sec	sec	PROPN
cblr-2952	862	4	regulation	regulation	NOUN
cblr-2952	862	5	has	have	AUX
cblr-2952	862	6	spurred	spur	VERB
cblr-2952	862	7	the	the	DET
cblr-2952	862	8	creation	creation	NOUN
cblr-2952	862	9	of	of	ADP
cblr-2952	862	10	domestic	domestic	ADJ
cblr-2952	862	11	,	,	PUNCT
cblr-2952	862	12	private	private	ADJ
cblr-2952	862	13	,	,	PUNCT
cblr-2952	862	14	unregulated	unregulated	ADJ
cblr-2952	862	15	markets	market	NOUN
cblr-2952	862	16	for	for	ADP
cblr-2952	862	17	u.s	u.s	PROPN
cblr-2952	862	18	.	.	PROPN
cblr-2952	862	19	investors	investor	NOUN
cblr-2952	862	20	to	to	PART
cblr-2952	862	21	invest	invest	VERB
cblr-2952	862	22	in	in	ADP
cblr-2952	862	23	hedge	hedge	NOUN
cblr-2952	862	24	fund	fund	NOUN
cblr-2952	862	25	and	and	CCONJ
cblr-2952	862	26	private	private	ADJ
cblr-2952	862	27	equity	equity	NOUN
cblr-2952	862	28	funds	fund	NOUN
cblr-2952	862	29	and	and	CCONJ
cblr-2952	862	30	their	their	PRON
cblr-2952	862	31	derivative	derivative	ADJ
cblr-2952	862	32	products	product	NOUN
cblr-2952	862	33	.	.	PUNCT
cblr-2952	863	1	second	second	ADJ
cblr-2952	863	2	,	,	PUNCT
cblr-2952	863	3	current	current	ADJ
cblr-2952	863	4	prohibitory	prohibitory	ADJ
cblr-2952	863	5	hedge	hedge	NOUN
cblr-2952	863	6	fund	fund	NOUN
cblr-2952	863	7	and	and	CCONJ
cblr-2952	863	8	private	private	ADJ
cblr-2952	863	9	equity	equity	NOUN
cblr-2952	863	10	regulation	regulation	NOUN
cblr-2952	863	11	has	have	AUX
cblr-2952	863	12	provided	provide	VERB
cblr-2952	863	13	an	an	DET
cblr-2952	863	14	incentive	incentive	NOUN
cblr-2952	863	15	to	to	PART
cblr-2952	863	16	fund	fund	VERB
cblr-2952	863	17	advisers	adviser	NOUN
cblr-2952	863	18	to	to	PART
cblr-2952	863	19	utilize	utilize	VERB
cblr-2952	863	20	foreign	foreign	ADJ
cblr-2952	863	21	markets	market	NOUN
cblr-2952	863	22	to	to	PART
cblr-2952	863	23	satisfy	satisfy	VERB
cblr-2952	863	24	public	public	ADJ
cblr-2952	863	25	demand	demand	NOUN
cblr-2952	863	26	for	for	ADP
cblr-2952	863	27	these	these	DET
cblr-2952	863	28	funds	fund	NOUN
cblr-2952	863	29	and	and	CCONJ
cblr-2952	863	30	their	their	PRON
cblr-2952	863	31	own	own	ADJ
cblr-2952	863	32	capital	capital	NOUN
cblr-2952	863	33	needs	need	NOUN
cblr-2952	863	34	.	.	PUNCT
cblr-2952	864	1	the	the	DET
cblr-2952	864	2	rise	rise	NOUN
cblr-2952	864	3	of	of	ADP
cblr-2952	864	4	private	private	ADJ
cblr-2952	864	5	alternative	alternative	ADJ
cblr-2952	864	6	markets	market	NOUN
cblr-2952	864	7	under	under	ADP
cblr-2952	864	8	the	the	DET
cblr-2952	864	9	shadow	shadow	NOUN
cblr-2952	864	10	of	of	ADP
cblr-2952	864	11	sec	sec	PROPN
cblr-2952	864	12	regulation	regulation	NOUN
cblr-2952	864	13	is	be	AUX
cblr-2952	864	14	an	an	DET
cblr-2952	864	15	expected	expected	ADJ
cblr-2952	864	16	economic	economic	ADJ
cblr-2952	864	17	effect	effect	NOUN
cblr-2952	864	18	of	of	ADP
cblr-2952	864	19	foreclosing	foreclose	VERB
cblr-2952	864	20	or	or	CCONJ
cblr-2952	864	21	burdensome	burdensome	ADJ
cblr-2952	864	22	regulation	regulation	NOUN
cblr-2952	864	23	.	.	PUNCT
cblr-2952	865	1	here	here	ADV
cblr-2952	865	2	,	,	PUNCT
cblr-2952	865	3	such	such	ADJ
cblr-2952	865	4	markets	market	NOUN
cblr-2952	865	5	would	would	AUX
cblr-2952	865	6	predictably	predictably	ADV
cblr-2952	865	7	cater	cater	VERB
cblr-2952	865	8	not	not	PART
cblr-2952	865	9	only	only	ADV
cblr-2952	865	10	to	to	ADP
cblr-2952	865	11	private	private	ADJ
cblr-2952	865	12	equity	equity	NOUN
cblr-2952	865	13	and	and	CCONJ
cblr-2952	865	14	hedge	hedge	NOUN
cblr-2952	865	15	funds	fund	NOUN
cblr-2952	865	16	but	but	CCONJ
cblr-2952	865	17	also	also	ADV
cblr-2952	865	18	to	to	ADP
cblr-2952	865	19	other	other	ADJ
cblr-2952	865	20	corporate	corporate	ADJ
cblr-2952	865	21	entities	entity	NOUN
cblr-2952	865	22	who	who	PRON
cblr-2952	865	23	wish	wish	VERB
cblr-2952	865	24	to	to	PART
cblr-2952	865	25	avoid	avoid	VERB
cblr-2952	865	26	general	general	ADJ
cblr-2952	865	27	public	public	ADJ
cblr-2952	865	28	company	company	NOUN
cblr-2952	865	29	regulation	regulation	NOUN
cblr-2952	865	30	which	which	PRON
cblr-2952	865	31	they	they	PRON
cblr-2952	865	32	perceive	perceive	VERB
cblr-2952	865	33	as	as	ADP
cblr-2952	865	34	inordinately	inordinately	ADV
cblr-2952	865	35	restrictive	restrictive	ADJ
cblr-2952	865	36	and	and	CCONJ
cblr-2952	865	37	economically	economically	ADV
cblr-2952	865	38	inefficient	inefficient	ADJ
cblr-2952	865	39	.	.	PUNCT
cblr-2952	866	1	this	this	PRON
cblr-2952	866	2	would	would	AUX
cblr-2952	866	3	be	be	AUX
cblr-2952	866	4	an	an	DET
cblr-2952	866	5	effect	effect	NOUN
cblr-2952	866	6	similar	similar	ADJ
cblr-2952	866	7	to	to	ADP
cblr-2952	866	8	the	the	DET
cblr-2952	866	9	one	one	NOUN
cblr-2952	866	10	which	which	PRON
cblr-2952	866	11	has	have	AUX
cblr-2952	866	12	occurred	occur	VERB
cblr-2952	866	13	in	in	ADP
cblr-2952	866	14	the	the	DET
cblr-2952	866	15	market	market	NOUN
cblr-2952	866	16	for	for	ADP
cblr-2952	866	17	non	non	ADJ
cblr-2952	866	18	-	-	ADJ
cblr-2952	866	19	u.s	u.s	ADJ
cblr-2952	866	20	.	.	PROPN
cblr-2952	866	21	share	share	NOUN
cblr-2952	866	22	offerings	offering	NOUN
cblr-2952	866	23	in	in	ADP
cblr-2952	866	24	the	the	DET
cblr-2952	866	25	united	united	PROPN
cblr-2952	866	26	states	states	PROPN
cblr-2952	866	27	.	.	PUNCT
cblr-2952	867	1	these	these	DET
cblr-2952	867	2	offerings	offering	NOUN
cblr-2952	867	3	have	have	AUX
cblr-2952	867	4	shifted	shift	VERB
cblr-2952	867	5	from	from	ADP
cblr-2952	867	6	the	the	DET
cblr-2952	867	7	public	public	ADJ
cblr-2952	867	8	listings	listing	NOUN
cblr-2952	867	9	market	market	NOUN
cblr-2952	867	10	to	to	ADP
cblr-2952	867	11	the	the	DET
cblr-2952	867	12	private	private	ADJ
cblr-2952	867	13	market	market	NOUN
cblr-2952	867	14	in	in	ADP
cblr-2952	867	15	order	order	NOUN
cblr-2952	867	16	to	to	PART
cblr-2952	867	17	avoid	avoid	VERB
cblr-2952	867	18	u.s	u.s	PROPN
cblr-2952	867	19	.	.	PROPN
cblr-2952	867	20	regulation	regulation	NOUN
cblr-2952	867	21	.	.	PUNCT
cblr-2952	868	1	'6	'6	VERB
cblr-2952	868	2	for	for	ADP
cblr-2952	868	3	hedge	hedge	NOUN
cblr-2952	868	4	funds	fund	NOUN
cblr-2952	868	5	and	and	CCONJ
cblr-2952	868	6	private	private	ADJ
cblr-2952	868	7	equity	equity	NOUN
cblr-2952	868	8	funds	fund	NOUN
cblr-2952	868	9	in	in	ADP
cblr-2952	868	10	particular	particular	ADJ
cblr-2952	868	11	,	,	PUNCT
cblr-2952	868	12	such	such	DET
cblr-2952	868	13	a	a	DET
cblr-2952	868	14	market	market	NOUN
cblr-2952	868	15	would	would	AUX
cblr-2952	868	16	be	be	AUX
cblr-2952	868	17	attractive	attractive	ADJ
cblr-2952	868	18	because	because	SCONJ
cblr-2952	868	19	it	it	PRON
cblr-2952	868	20	would	would	AUX
cblr-2952	868	21	enable	enable	VERB
cblr-2952	868	22	these	these	DET
cblr-2952	868	23	entities	entity	NOUN
cblr-2952	868	24	to	to	PART
cblr-2952	868	25	achieve	achieve	VERB
cblr-2952	868	26	the	the	DET
cblr-2952	868	27	advantages	advantage	NOUN
cblr-2952	868	28	of	of	ADP
cblr-2952	868	29	liquidity	liquidity	NOUN
cblr-2952	868	30	,	,	PUNCT
cblr-2952	868	31	transparency	transparency	NOUN
cblr-2952	868	32	,	,	PUNCT
cblr-2952	868	33	tions	tion	NOUN
cblr-2952	868	34	,	,	PUNCT
cblr-2952	868	35	n.y	n.y	PROPN
cblr-2952	868	36	.	.	PROPN
cblr-2952	868	37	times	times	PROPN
cblr-2952	868	38	,	,	PUNCT
cblr-2952	868	39	apr	apr	PROPN
cblr-2952	868	40	23	23	NUM
cblr-2952	868	41	.	.	PUNCT
cblr-2952	869	1	2007	2007	NUM
cblr-2952	869	2	,	,	PUNCT
cblr-2952	869	3	at	at	ADP
cblr-2952	869	4	c1	c1	PROPN
cblr-2952	869	5	(	(	PUNCT
cblr-2952	869	6	"	"	PUNCT
cblr-2952	869	7	spacs	spac	NOUN
cblr-2952	869	8	have	have	AUX
cblr-2952	869	9	been	be	AUX
cblr-2952	869	10	gathering	gather	VERB
cblr-2952	869	11	steam	steam	NOUN
cblr-2952	869	12	over	over	ADP
cblr-2952	869	13	the	the	DET
cblr-2952	869	14	past	past	ADJ
cblr-2952	869	15	two	two	NUM
cblr-2952	869	16	years	year	NOUN
cblr-2952	869	17	as	as	ADP
cblr-2952	869	18	an	an	DET
cblr-2952	869	19	alternative	alternative	NOUN
cblr-2952	869	20	to	to	ADP
cblr-2952	869	21	private	private	ADJ
cblr-2952	869	22	equity	equity	NOUN
cblr-2952	869	23	....	....	PUNCT
cblr-2952	869	24	.	.	PUNCT
cblr-2952	870	1	"	"	PUNCT
cblr-2952	870	2	)	)	PUNCT
cblr-2952	870	3	;	;	PUNCT
cblr-2952	870	4	finding	find	VERB
cblr-2952	870	5	a	a	DET
cblr-2952	870	6	way	way	NOUN
cblr-2952	870	7	in	in	ADP
cblr-2952	870	8	,	,	PUNCT
cblr-2952	870	9	fin	fin	NOUN
cblr-2952	870	10	.	.	PUNCT
cblr-2952	871	1	adv	adv	PROPN
cblr-2952	871	2	.	.	PROPN
cblr-2952	871	3	,	,	PUNCT
cblr-2952	871	4	nov	nov	PROPN
cblr-2952	871	5	.	.	PROPN
cblr-2952	871	6	9	9	NUM
cblr-2952	871	7	,	,	PUNCT
cblr-2952	871	8	2006	2006	NUM
cblr-2952	871	9	,	,	PUNCT
cblr-2952	871	10	(	(	PUNCT
cblr-2952	871	11	"	"	PUNCT
cblr-2952	871	12	special	special	ADJ
cblr-2952	871	13	purpose	purpose	NOUN
cblr-2952	871	14	acquisition	acquisition	NOUN
cblr-2952	871	15	companies	company	NOUN
cblr-2952	871	16	are	be	AUX
cblr-2952	871	17	being	be	AUX
cblr-2952	871	18	promoted	promote	VERB
cblr-2952	871	19	as	as	ADP
cblr-2952	871	20	an	an	DET
cblr-2952	871	21	ideal	ideal	ADJ
cblr-2952	871	22	way	way	NOUN
cblr-2952	871	23	for	for	SCONJ
cblr-2952	871	24	investors	investor	NOUN
cblr-2952	871	25	to	to	PART
cblr-2952	871	26	participate	participate	VERB
cblr-2952	871	27	in	in	ADP
cblr-2952	871	28	...	...	PUNCT
cblr-2952	871	29	an	an	DET
cblr-2952	871	30	area	area	NOUN
cblr-2952	871	31	once	once	ADV
cblr-2952	871	32	reserved	reserve	VERB
cblr-2952	871	33	for	for	ADP
cblr-2952	871	34	private	private	ADJ
cblr-2952	871	35	equity	equity	NOUN
cblr-2952	871	36	firms	firm	NOUN
cblr-2952	871	37	.	.	PUNCT
cblr-2952	871	38	"	"	PUNCT
cblr-2952	871	39	)	)	PUNCT
cblr-2952	871	40	.	.	PUNCT
cblr-2952	872	1	"	"	PUNCT
cblr-2952	872	2	see	see	VERB
cblr-2952	872	3	steven	steven	PROPN
cblr-2952	872	4	m.	m.	PROPN
cblr-2952	872	5	davidoff	davidoff	PROPN
cblr-2952	872	6	,	,	PUNCT
cblr-2952	872	7	regulating	regulate	VERB
cblr-2952	872	8	listings	listing	NOUN
cblr-2952	872	9	in	in	ADP
cblr-2952	872	10	a	a	DET
cblr-2952	872	11	global	global	ADJ
cblr-2952	872	12	market	market	NOUN
cblr-2952	872	13	,	,	PUNCT
cblr-2952	872	14	86	86	NUM
cblr-2952	872	15	n.c	n.c	PROPN
cblr-2952	872	16	.	.	PROPN
cblr-2952	872	17	l	l	PROPN
cblr-2952	872	18	rev	rev	PROPN
cblr-2952	872	19	.	.	PROPN
cblr-2952	872	20	89	89	NUM
cblr-2952	872	21	,	,	PUNCT
cblr-2952	872	22	133	133	NUM
cblr-2952	872	23	(	(	PUNCT
cblr-2952	872	24	2007	2007	NUM
cblr-2952	872	25	)	)	PUNCT
cblr-2952	872	26	.	.	PUNCT
cblr-2952	873	1	[	[	X
cblr-2952	873	2	vol	vol	NOUN
cblr-2952	873	3	.	.	NOUN
cblr-2952	873	4	2008	2008	NUM
cblr-2952	873	5	black	black	ADJ
cblr-2952	873	6	market	market	NOUN
cblr-2952	873	7	capital	capital	NOUN
cblr-2952	873	8	and	and	CCONJ
cblr-2952	873	9	other	other	ADJ
cblr-2952	873	10	public	public	ADJ
cblr-2952	873	11	market	market	NOUN
cblr-2952	873	12	benefits	benefit	NOUN
cblr-2952	873	13	that	that	PRON
cblr-2952	873	14	are	be	AUX
cblr-2952	873	15	unavailable	unavailable	ADJ
cblr-2952	873	16	to	to	ADP
cblr-2952	873	17	them	they	PRON
cblr-2952	873	18	or	or	CCONJ
cblr-2952	873	19	accessible	accessible	ADJ
cblr-2952	873	20	only	only	ADV
cblr-2952	873	21	on	on	ADP
cblr-2952	873	22	a	a	DET
cblr-2952	873	23	sub	sub	ADJ
cblr-2952	873	24	-	-	ADJ
cblr-2952	873	25	optimal	optimal	ADJ
cblr-2952	873	26	regulatory	regulatory	ADJ
cblr-2952	873	27	basis	basis	NOUN
cblr-2952	873	28	.	.	PUNCT
cblr-2952	874	1	in	in	ADP
cblr-2952	874	2	may	may	PROPN
cblr-2952	874	3	of	of	ADP
cblr-2952	874	4	2007	2007	NUM
cblr-2952	874	5	,	,	PUNCT
cblr-2952	874	6	the	the	DET
cblr-2952	874	7	investment	investment	NOUN
cblr-2952	874	8	bank	bank	PROPN
cblr-2952	874	9	goldman	goldman	PROPN
cblr-2952	874	10	sachs	sachs	PROPN
cblr-2952	874	11	&	&	CCONJ
cblr-2952	874	12	co.	co.	PROPN
cblr-2952	874	13	launched	launch	VERB
cblr-2952	874	14	just	just	ADV
cblr-2952	874	15	such	such	DET
cblr-2952	874	16	a	a	DET
cblr-2952	874	17	market	market	NOUN
cblr-2952	874	18	named	name	VERB
cblr-2952	874	19	the	the	DET
cblr-2952	874	20	"	"	PUNCT
cblr-2952	874	21	gs	gs	INTJ
cblr-2952	874	22	tradable	tradable	ADJ
cblr-2952	874	23	unregistered	unregistered	ADJ
cblr-2952	874	24	equity	equity	NOUN
cblr-2952	874	25	otc	otc	PROPN
cblr-2952	874	26	market	market	NOUN
cblr-2952	874	27	"	"	PUNCT
cblr-2952	874	28	with	with	ADP
cblr-2952	874	29	the	the	DET
cblr-2952	874	30	acronym	acronym	NOUN
cblr-2952	874	31	gstrue	gstrue	NOUN
cblr-2952	874	32	.	.	PUNCT
cblr-2952	875	1	the	the	DET
cblr-2952	875	2	market	market	NOUN
cblr-2952	875	3	's	's	PART
cblr-2952	875	4	first	first	ADJ
cblr-2952	875	5	listing	listing	NOUN
cblr-2952	875	6	was	be	AUX
cblr-2952	875	7	oaktree	oaktree	PROPN
cblr-2952	875	8	capital	capital	PROPN
cblr-2952	875	9	management	management	PROPN
cblr-2952	875	10	llc	llc	PROPN
cblr-2952	875	11	(	(	PUNCT
cblr-2952	875	12	"	"	PUNCT
cblr-2952	875	13	oaktree	oaktree	ADJ
cblr-2952	875	14	"	"	PUNCT
cblr-2952	875	15	)	)	PUNCT
cblr-2952	875	16	,	,	PUNCT
cblr-2952	875	17	a	a	DET
cblr-2952	875	18	hedge	hedge	NOUN
cblr-2952	875	19	fund	fund	NOUN
cblr-2952	875	20	adviser	adviser	NOUN
cblr-2952	875	21	with	with	ADP
cblr-2952	875	22	over	over	ADP
cblr-2952	875	23	forty	forty	NUM
cblr-2952	875	24	billion	billion	NUM
cblr-2952	875	25	dollars	dollar	NOUN
cblr-2952	875	26	in	in	ADP
cblr-2952	875	27	assets	asset	NOUN
cblr-2952	875	28	under	under	ADP
cblr-2952	875	29	management	management	NOUN
cblr-2952	875	30	,	,	PUNCT
cblr-2952	875	31	which	which	PRON
cblr-2952	875	32	sold	sell	VERB
cblr-2952	875	33	approximately	approximately	ADV
cblr-2952	875	34	fourteen	fourteen	NUM
cblr-2952	875	35	percent	percent	NOUN
cblr-2952	875	36	of	of	ADP
cblr-2952	875	37	itself	itself	PRON
cblr-2952	875	38	for	for	ADP
cblr-2952	875	39	more	more	ADJ
cblr-2952	875	40	than	than	ADP
cblr-2952	875	41	$	$	SYM
cblr-2952	875	42	800	800	NUM
cblr-2952	875	43	million	million	NUM
cblr-2952	875	44	in	in	ADP
cblr-2952	875	45	a	a	DET
cblr-2952	875	46	widespread	widespread	ADJ
cblr-2952	875	47	solicitation	solicitation	NOUN
cblr-2952	875	48	of	of	ADP
cblr-2952	875	49	a	a	DET
cblr-2952	875	50	number	number	NOUN
cblr-2952	875	51	of	of	ADP
cblr-2952	875	52	potential	potential	ADJ
cblr-2952	875	53	investors	investor	NOUN
cblr-2952	875	54	.	.	PUNCT
cblr-2952	876	1	'87	'87	PROPN
cblr-2952	876	2	goldman	goldman	PROPN
cblr-2952	876	3	sachs	sachs	PROPN
cblr-2952	876	4	representatives	representative	NOUN
cblr-2952	876	5	at	at	ADP
cblr-2952	876	6	the	the	DET
cblr-2952	876	7	time	time	NOUN
cblr-2952	876	8	publicly	publicly	ADV
cblr-2952	876	9	stated	state	VERB
cblr-2952	876	10	little	little	ADJ
cblr-2952	876	11	about	about	ADP
cblr-2952	876	12	the	the	DET
cblr-2952	876	13	market	market	NOUN
cblr-2952	876	14	or	or	CCONJ
cblr-2952	876	15	oaktree	oaktree	NOUN
cblr-2952	876	16	's	's	PART
cblr-2952	876	17	offering	offering	NOUN
cblr-2952	876	18	except	except	SCONJ
cblr-2952	876	19	that	that	SCONJ
cblr-2952	876	20	they	they	PRON
cblr-2952	876	21	viewed	view	VERB
cblr-2952	876	22	gstrue	gstrue	ADJ
cblr-2952	876	23	as	as	ADP
cblr-2952	876	24	a	a	DET
cblr-2952	876	25	viable	viable	ADJ
cblr-2952	876	26	alternative	alternative	NOUN
cblr-2952	876	27	listing	list	VERB
cblr-2952	876	28	market	market	NOUN
cblr-2952	876	29	for	for	ADP
cblr-2952	876	30	hedge	hedge	NOUN
cblr-2952	876	31	funds	fund	NOUN
cblr-2952	876	32	,	,	PUNCT
cblr-2952	876	33	private	private	ADJ
cblr-2952	876	34	equity	equity	NOUN
cblr-2952	876	35	and	and	CCONJ
cblr-2952	876	36	operating	operating	NOUN
cblr-2952	876	37	companies	company	NOUN
cblr-2952	876	38	who	who	PRON
cblr-2952	876	39	wish	wish	VERB
cblr-2952	876	40	to	to	PART
cblr-2952	876	41	avoid	avoid	VERB
cblr-2952	876	42	sec	sec	PROPN
cblr-2952	876	43	regulation	regulation	NOUN
cblr-2952	876	44	.	.	PUNCT
cblr-2952	877	1	'88	'88	NUM
cblr-2952	877	2	gstrue	gstrue	ADJ
cblr-2952	877	3	is	be	AUX
cblr-2952	877	4	thus	thus	ADV
cblr-2952	877	5	a	a	DET
cblr-2952	877	6	"	"	PUNCT
cblr-2952	877	7	black	black	ADJ
cblr-2952	877	8	market	market	NOUN
cblr-2952	877	9	"	"	PUNCT
cblr-2952	877	10	that	that	PRON
cblr-2952	877	11	is	be	AUX
cblr-2952	877	12	the	the	DET
cblr-2952	877	13	product	product	NOUN
cblr-2952	877	14	of	of	ADP
cblr-2952	877	15	greater	great	ADJ
cblr-2952	877	16	regulatory	regulatory	ADJ
cblr-2952	877	17	dissatisfaction	dissatisfaction	NOUN
cblr-2952	877	18	than	than	ADP
cblr-2952	877	19	merely	merely	ADV
cblr-2952	877	20	the	the	DET
cblr-2952	877	21	investment	investment	NOUN
cblr-2952	877	22	company	company	NOUN
cblr-2952	877	23	act	act	NOUN
cblr-2952	877	24	and	and	CCONJ
cblr-2952	877	25	advisers	adviser	NOUN
cblr-2952	877	26	act	act	VERB
cblr-2952	877	27	,	,	PUNCT
cblr-2952	877	28	but	but	CCONJ
cblr-2952	877	29	is	be	AUX
cblr-2952	877	30	still	still	ADV
cblr-2952	877	31	driven	drive	VERB
cblr-2952	877	32	in	in	ADP
cblr-2952	877	33	part	part	NOUN
cblr-2952	877	34	by	by	ADP
cblr-2952	877	35	these	these	DET
cblr-2952	877	36	regulatory	regulatory	ADJ
cblr-2952	877	37	forces	force	NOUN
cblr-2952	877	38	.	.	PUNCT
cblr-2952	878	1	this	this	PRON
cblr-2952	878	2	is	be	AUX
cblr-2952	878	3	aptly	aptly	ADV
cblr-2952	878	4	illustrated	illustrate	VERB
cblr-2952	878	5	by	by	ADP
cblr-2952	878	6	goldman	goldman	PROPN
cblr-2952	878	7	's	's	PART
cblr-2952	878	8	public	public	ADJ
cblr-2952	878	9	comments	comment	NOUN
cblr-2952	878	10	that	that	SCONJ
cblr-2952	878	11	gstrue	gstrue	ADJ
cblr-2952	878	12	was	be	AUX
cblr-2952	878	13	being	be	AUX
cblr-2952	878	14	marketed	market	VERB
cblr-2952	878	15	heavily	heavily	ADV
cblr-2952	878	16	to	to	PART
cblr-2952	878	17	hedge	hedge	VERB
cblr-2952	878	18	funds	fund	NOUN
cblr-2952	878	19	and	and	CCONJ
cblr-2952	878	20	private	private	ADJ
cblr-2952	878	21	equity	equity	NOUN
cblr-2952	878	22	,	,	PUNCT
cblr-2952	878	23	and	and	CCONJ
cblr-2952	878	24	that	that	SCONJ
cblr-2952	878	25	its	its	PRON
cblr-2952	878	26	first	first	ADJ
cblr-2952	878	27	listing	listing	NOUN
cblr-2952	878	28	was	be	AUX
cblr-2952	878	29	a	a	DET
cblr-2952	878	30	hedge	hedge	NOUN
cblr-2952	878	31	fund	fund	NOUN
cblr-2952	878	32	adviser	adviser	NOUN
cblr-2952	878	33	,	,	PUNCT
cblr-2952	878	34	and	and	CCONJ
cblr-2952	878	35	second	second	ADJ
cblr-2952	878	36	listing	listing	NOUN
cblr-2952	878	37	was	be	AUX
cblr-2952	878	38	apollo	apollo	PROPN
cblr-2952	878	39	management	management	PROPN
cblr-2952	878	40	l.p	l.p	PROPN
cblr-2952	878	41	.	.	PROPN
cblr-2952	878	42	,	,	PUNCT
cblr-2952	878	43	the	the	DET
cblr-2952	878	44	private	private	ADJ
cblr-2952	878	45	equity	equity	NOUN
cblr-2952	878	46	adviser.188	adviser.188	NOUN
cblr-2952	878	47	in	in	ADP
cblr-2952	878	48	the	the	DET
cblr-2952	878	49	wake	wake	NOUN
cblr-2952	878	50	of	of	ADP
cblr-2952	878	51	gstrue	gstrue	ADJ
cblr-2952	878	52	,	,	PUNCT
cblr-2952	878	53	bear	bear	PROPN
cblr-2952	878	54	sterns	stern	NOUN
cblr-2952	878	55	,	,	PUNCT
cblr-2952	878	56	jp	jp	NOUN
cblr-2952	878	57	morgan	morgan	PROPN
cblr-2952	878	58	and	and	CCONJ
cblr-2952	878	59	the	the	DET
cblr-2952	878	60	nasdaq	nasdaq	PROPN
cblr-2952	878	61	each	each	PRON
cblr-2952	878	62	established	establish	VERB
cblr-2952	878	63	their	their	PRON
cblr-2952	878	64	own	own	ADJ
cblr-2952	878	65	private	private	ADJ
cblr-2952	878	66	stock	stock	NOUN
cblr-2952	878	67	markets	market	NOUN
cblr-2952	878	68	and	and	CCONJ
cblr-2952	878	69	a	a	DET
cblr-2952	878	70	third	third	ADJ
cblr-2952	878	71	group	group	NOUN
cblr-2952	878	72	of	of	ADP
cblr-2952	878	73	investment	investment	NOUN
cblr-2952	878	74	banks	bank	NOUN
cblr-2952	878	75	,	,	PUNCT
cblr-2952	878	76	including	include	VERB
cblr-2952	878	77	merrill	merrill	PROPN
cblr-2952	878	78	lynch	lynch	PROPN
cblr-2952	878	79	,	,	PUNCT
cblr-2952	878	80	lehman	lehman	PROPN
cblr-2952	878	81	brothers	brothers	PROPN
cblr-2952	878	82	,	,	PUNCT
cblr-2952	878	83	morgan	morgan	PROPN
cblr-2952	878	84	stanley	stanley	PROPN
cblr-2952	878	85	,	,	PUNCT
cblr-2952	878	86	and	and	CCONJ
cblr-2952	878	87	citi	citi	PROPN
cblr-2952	878	88	announced	announce	VERB
cblr-2952	878	89	plans	plan	NOUN
cblr-2952	878	90	to	to	PART
cblr-2952	878	91	establish	establish	VERB
cblr-2952	878	92	a	a	DET
cblr-2952	878	93	similar	similar	ADJ
cblr-2952	878	94	market	market	NOUN
cblr-2952	878	95	named	name	VERB
cblr-2952	878	96	opus187	opus187	PROPN
cblr-2952	878	97	see	see	VERB
cblr-2952	878	98	tom	tom	PROPN
cblr-2952	878	99	petruno	petruno	PROPN
cblr-2952	878	100	,	,	PUNCT
cblr-2952	878	101	oaktree	oaktree	NOUN
cblr-2952	878	102	in	in	ADP
cblr-2952	878	103	private	private	ADJ
cblr-2952	878	104	share	share	NOUN
cblr-2952	878	105	offering	offering	NOUN
cblr-2952	878	106	,	,	PUNCT
cblr-2952	878	107	l.a	l.a	PROPN
cblr-2952	878	108	.	.	PROPN
cblr-2952	878	109	times	times	PROPN
cblr-2952	878	110	,	,	PUNCT
cblr-2952	878	111	may	may	AUX
cblr-2952	878	112	23	23	NUM
cblr-2952	878	113	,	,	PUNCT
cblr-2952	878	114	2007	2007	NUM
cblr-2952	878	115	.	.	PUNCT
cblr-2952	879	1	188	188	NUM
cblr-2952	879	2	see	see	VERB
cblr-2952	879	3	mark	mark	PROPN
cblr-2952	879	4	decambre	decambre	PROPN
cblr-2952	879	5	,	,	PUNCT
cblr-2952	879	6	goldman	goldman	NOUN
cblr-2952	879	7	aims	aim	VERB
cblr-2952	879	8	at	at	ADP
cblr-2952	879	9	nyse	nyse	PROPN
cblr-2952	879	10	,	,	PUNCT
cblr-2952	879	11	street.com	street.com	X
cblr-2952	879	12	,	,	PUNCT
cblr-2952	879	13	june	june	PROPN
cblr-2952	879	14	14	14	NUM
cblr-2952	879	15	,	,	PUNCT
cblr-2952	879	16	2007	2007	NUM
cblr-2952	879	17	,	,	PUNCT
cblr-2952	879	18	http://www.thestreet.com/_googlen/newsanalysis/walstreet/	http://www.thestreet.com/_googlen/newsanalysis/walstreet/	PROPN
cblr-2952	879	19	10362518.html?cm	10362518.html?cm	NUM
cblr-2952	879	20	ven	ven	NOUN
cblr-2952	879	21	=	=	SYM
cblr-2952	879	22	googlen&cmcat	googlen&cmcat	NOUN
cblr-2952	879	23	=	=	ADJ
cblr-2952	879	24	free&cm	free&cm	NOUN
cblr-2952	879	25	ite	ite	NOUN
cblr-2952	879	26	=	=	NOUN
cblr-2952	879	27	na	na	NOUN
cblr-2952	879	28	(	(	PUNCT
cblr-2952	879	29	last	last	ADJ
cblr-2952	879	30	visited	visit	VERB
cblr-2952	879	31	feb	feb	PROPN
cblr-2952	879	32	.	.	PROPN
cblr-2952	879	33	4	4	NUM
cblr-2952	879	34	,	,	PUNCT
cblr-2952	879	35	2008	2008	NUM
cblr-2952	879	36	)	)	PUNCT
cblr-2952	879	37	.	.	PUNCT
cblr-2952	880	1	to	to	PART
cblr-2952	880	2	qualify	qualify	VERB
cblr-2952	880	3	the	the	DET
cblr-2952	880	4	market	market	NOUN
cblr-2952	880	5	for	for	ADP
cblr-2952	880	6	rule	rule	NOUN
cblr-2952	880	7	144a	144a	ADJ
cblr-2952	880	8	offerings	offering	NOUN
cblr-2952	880	9	,	,	PUNCT
cblr-2952	880	10	gstrute	gstrute	NOUN
cblr-2952	880	11	has	have	AUX
cblr-2952	880	12	limited	limit	VERB
cblr-2952	880	13	trading	trading	NOUN
cblr-2952	880	14	only	only	ADV
cblr-2952	880	15	to	to	ADP
cblr-2952	880	16	qualified	qualified	ADJ
cblr-2952	880	17	institutional	institutional	ADJ
cblr-2952	880	18	buyers	buyer	NOUN
cblr-2952	880	19	with	with	ADP
cblr-2952	880	20	over	over	ADP
cblr-2952	880	21	$	$	SYM
cblr-2952	880	22	100	100	NUM
cblr-2952	880	23	million	million	NUM
cblr-2952	880	24	in	in	ADP
cblr-2952	880	25	investable	investable	ADJ
cblr-2952	880	26	assets	asset	NOUN
cblr-2952	880	27	.	.	PUNCT
cblr-2952	881	1	189	189	NUM
cblr-2952	881	2	see	see	VERB
cblr-2952	881	3	apollo	apollo	PROPN
cblr-2952	881	4	raises	raise	VERB
cblr-2952	881	5	$	$	SYM
cblr-2952	881	6	828	828	NUM
cblr-2952	881	7	million	million	NUM
cblr-2952	881	8	,	,	PUNCT
cblr-2952	882	1	wall	wall	PROPN
cblr-2952	882	2	st	st	PROPN
cblr-2952	882	3	.	.	PROPN
cblr-2952	882	4	j.	j.	PROPN
cblr-2952	882	5	,	,	PUNCT
cblr-2952	882	6	aug	aug	PROPN
cblr-2952	882	7	.	.	PROPN
cblr-2952	882	8	7	7	NUM
cblr-2952	882	9	,	,	PUNCT
cblr-2952	882	10	2007	2007	NUM
cblr-2952	882	11	,	,	PUNCT
cblr-2952	882	12	at	at	ADP
cblr-2952	882	13	c6	c6	PROPN
cblr-2952	882	14	.	.	PUNCT
cblr-2952	883	1	no	no	INTJ
cblr-2952	883	2	.	.	NOUN
cblr-2952	884	1	1	1	NUM
cblr-2952	884	2	:	:	SYM
cblr-2952	884	3	172	172	NUM
cblr-2952	884	4	]	]	PUNCT
cblr-2952	884	5	columbia	columbia	PROPN
cblr-2952	884	6	business	business	PROPN
cblr-2952	884	7	law	law	PROPN
cblr-2952	884	8	review	review	VERB
cblr-2952	884	9	5.19	5.19	NUM
cblr-2952	884	10	and	and	CCONJ
cblr-2952	884	11	on	on	ADP
cblr-2952	884	12	november	november	PROPN
cblr-2952	884	13	12	12	NUM
cblr-2952	884	14	,	,	PUNCT
cblr-2952	884	15	2007	2007	NUM
cblr-2952	884	16	,	,	PUNCT
cblr-2952	884	17	all	all	PRON
cblr-2952	884	18	of	of	ADP
cblr-2952	884	19	these	these	DET
cblr-2952	884	20	investment	investment	NOUN
cblr-2952	884	21	banks	bank	NOUN
cblr-2952	884	22	announced	announce	VERB
cblr-2952	884	23	that	that	SCONJ
cblr-2952	884	24	they	they	PRON
cblr-2952	884	25	would	would	AUX
cblr-2952	884	26	consolidate	consolidate	VERB
cblr-2952	884	27	their	their	PRON
cblr-2952	884	28	markets	market	NOUN
cblr-2952	884	29	into	into	ADP
cblr-2952	884	30	a	a	DET
cblr-2952	884	31	single	single	ADJ
cblr-2952	884	32	private	private	ADJ
cblr-2952	884	33	market	market	NOUN
cblr-2952	884	34	,	,	PUNCT
cblr-2952	884	35	portal	portal	ADJ
cblr-2952	884	36	alliance	alliance	NOUN
cblr-2952	884	37	,	,	PUNCT
cblr-2952	884	38	in	in	ADP
cblr-2952	884	39	an	an	DET
cblr-2952	884	40	attempt	attempt	NOUN
cblr-2952	884	41	to	to	PART
cblr-2952	884	42	bring	bring	VERB
cblr-2952	884	43	greater	great	ADJ
cblr-2952	884	44	liquidity	liquidity	NOUN
cblr-2952	884	45	to	to	ADP
cblr-2952	884	46	these	these	DET
cblr-2952	884	47	previously	previously	ADV
cblr-2952	884	48	segmented	segment	VERB
cblr-2952	884	49	markets	market	NOUN
cblr-2952	884	50	.	.	PUNCT
cblr-2952	884	51	''	''	PUNCT
cblr-2952	885	1	the	the	DET
cblr-2952	885	2	second	second	ADJ
cblr-2952	885	3	alternative	alternative	ADJ
cblr-2952	885	4	market	market	NOUN
cblr-2952	885	5	affected	affect	VERB
cblr-2952	885	6	by	by	ADP
cblr-2952	885	7	black	black	ADJ
cblr-2952	885	8	market	market	NOUN
cblr-2952	885	9	capital	capital	NOUN
cblr-2952	885	10	is	be	AUX
cblr-2952	885	11	the	the	DET
cblr-2952	885	12	foreign	foreign	ADJ
cblr-2952	885	13	market	market	NOUN
cblr-2952	885	14	.	.	PUNCT
cblr-2952	886	1	in	in	ADP
cblr-2952	886	2	this	this	DET
cblr-2952	886	3	age	age	NOUN
cblr-2952	886	4	of	of	ADP
cblr-2952	886	5	global	global	ADJ
cblr-2952	886	6	capital	capital	NOUN
cblr-2952	886	7	markets	market	NOUN
cblr-2952	886	8	,	,	PUNCT
cblr-2952	886	9	an	an	DET
cblr-2952	886	10	increasing	increase	VERB
cblr-2952	886	11	number	number	NOUN
cblr-2952	886	12	of	of	ADP
cblr-2952	886	13	u.s	u.s	PROPN
cblr-2952	886	14	.	.	PROPN
cblr-2952	886	15	private	private	ADJ
cblr-2952	886	16	equity	equity	NOUN
cblr-2952	886	17	and	and	CCONJ
cblr-2952	886	18	hedge	hedge	NOUN
cblr-2952	886	19	funds	fund	NOUN
cblr-2952	886	20	,	,	PUNCT
cblr-2952	886	21	as	as	ADV
cblr-2952	886	22	well	well	ADV
cblr-2952	886	23	as	as	ADP
cblr-2952	886	24	non	non	ADJ
cblr-2952	886	25	-	-	ADJ
cblr-2952	886	26	u.s	u.s	PROPN
cblr-2952	886	27	.	.	PROPN
cblr-2952	886	28	advisers	adviser	NOUN
cblr-2952	886	29	have	have	AUX
cblr-2952	886	30	responded	respond	VERB
cblr-2952	886	31	to	to	ADP
cblr-2952	886	32	u.s	u.s	PROPN
cblr-2952	886	33	.	.	PROPN
cblr-2952	886	34	regulatory	regulatory	ADJ
cblr-2952	886	35	prohibitions	prohibition	NOUN
cblr-2952	886	36	by	by	ADP
cblr-2952	886	37	going	go	VERB
cblr-2952	886	38	abroad	abroad	ADV
cblr-2952	886	39	to	to	PART
cblr-2952	886	40	publicly	publicly	ADV
cblr-2952	886	41	raise	raise	VERB
cblr-2952	886	42	capital	capital	NOUN
cblr-2952	886	43	.	.	PUNCT
cblr-2952	887	1	from	from	ADP
cblr-2952	887	2	2006	2006	NUM
cblr-2952	887	3	-	-	SYM
cblr-2952	887	4	2007	2007	NUM
cblr-2952	887	5	,	,	PUNCT
cblr-2952	887	6	twenty	twenty	NUM
cblr-2952	887	7	-	-	PUNCT
cblr-2952	887	8	six	six	NUM
cblr-2952	887	9	private	private	ADJ
cblr-2952	887	10	equity	equity	NOUN
cblr-2952	887	11	and	and	CCONJ
cblr-2952	887	12	hedge	hedge	NOUN
cblr-2952	887	13	funds	fund	NOUN
cblr-2952	887	14	and	and	CCONJ
cblr-2952	887	15	funds	fund	NOUN
cblr-2952	887	16	of	of	ADP
cblr-2952	887	17	funds	fund	NOUN
cblr-2952	887	18	made	make	VERB
cblr-2952	887	19	initial	initial	ADJ
cblr-2952	887	20	public	public	ADJ
cblr-2952	887	21	offerings	offering	NOUN
cblr-2952	887	22	on	on	ADP
cblr-2952	887	23	the	the	DET
cblr-2952	887	24	euronext	euronext	PROPN
cblr-2952	887	25	and	and	CCONJ
cblr-2952	887	26	london	london	PROPN
cblr-2952	887	27	stock	stock	PROPN
cblr-2952	887	28	exchange	exchange	PROPN
cblr-2952	887	29	raising	raise	VERB
cblr-2952	887	30	approximately	approximately	ADV
cblr-2952	887	31	$	$	SYM
cblr-2952	887	32	15	15	NUM
cblr-2952	887	33	billion	billion	NUM
cblr-2952	887	34	.	.	PUNCT
cblr-2952	887	35	'92	'92	NUM
cblr-2952	887	36	this	this	PRON
cblr-2952	887	37	includes	include	VERB
cblr-2952	887	38	the	the	DET
cblr-2952	887	39	offerings	offering	NOUN
cblr-2952	887	40	by	by	ADP
cblr-2952	887	41	kkr	kkr	PROPN
cblr-2952	887	42	of	of	ADP
cblr-2952	887	43	kkr	kkr	PROPN
cblr-2952	887	44	private	private	PROPN
cblr-2952	887	45	equity	equity	NOUN
cblr-2952	887	46	investors	investor	NOUN
cblr-2952	887	47	lp	lp	PROPN
cblr-2952	887	48	,	,	PUNCT
cblr-2952	887	49	which	which	PRON
cblr-2952	887	50	raised	raise	VERB
cblr-2952	887	51	five	five	NUM
cblr-2952	887	52	billion	billion	NUM
cblr-2952	887	53	dollars	dollar	NOUN
cblr-2952	887	54	and	and	CCONJ
cblr-2952	887	55	by	by	ADP
cblr-2952	887	56	apollo	apollo	PROPN
cblr-2952	887	57	management	management	PROPN
cblr-2952	887	58	of	of	ADP
cblr-2952	887	59	ap	ap	PROPN
cblr-2952	887	60	alternative	alternative	ADJ
cblr-2952	887	61	assets	asset	NOUN
cblr-2952	887	62	lp	lp	NOUN
cblr-2952	887	63	,	,	PUNCT
cblr-2952	887	64	which	which	PRON
cblr-2952	887	65	raised	raise	VERB
cblr-2952	887	66	$	$	SYM
cblr-2952	887	67	1.5	1.5	NUM
cblr-2952	887	68	billion	billion	NUM
cblr-2952	887	69	both	both	PRON
cblr-2952	887	70	on	on	ADP
cblr-2952	887	71	euronext	euronext	PROPN
cblr-2952	887	72	amsterdam	amsterdam	PROPN
cblr-2952	887	73	.	.	PUNCT
cblr-2952	888	1	'93	'93	NUM
cblr-2952	888	2	these	these	DET
cblr-2952	888	3	funds	fund	NOUN
cblr-2952	888	4	are	be	AUX
cblr-2952	888	5	flourishing	flourish	VERB
cblr-2952	888	6	in	in	ADP
cblr-2952	888	7	europe	europe	PROPN
cblr-2952	888	8	for	for	ADP
cblr-2952	888	9	a	a	DET
cblr-2952	888	10	number	number	NOUN
cblr-2952	888	11	of	of	ADP
cblr-2952	888	12	reasons	reason	NOUN
cblr-2952	888	13	.	.	PUNCT
cblr-2952	889	1	first	first	ADV
cblr-2952	889	2	,	,	PUNCT
cblr-2952	889	3	for	for	ADP
cblr-2952	889	4	u.s	u.s	PROPN
cblr-2952	889	5	.	.	PROPN
cblr-2952	889	6	alternative	alternative	ADJ
cblr-2952	889	7	asset	asset	NOUN
cblr-2952	889	8	advisers	adviser	NOUN
cblr-2952	889	9	this	this	PRON
cblr-2952	889	10	is	be	AUX
cblr-2952	889	11	the	the	DET
cblr-2952	889	12	only	only	ADJ
cblr-2952	889	13	avenue	avenue	NOUN
cblr-2952	889	14	for	for	ADP
cblr-2952	889	15	public	public	ADJ
cblr-2952	889	16	capital	capital	NOUN
cblr-2952	889	17	raising	raise	VERB
cblr-2952	889	18	if	if	SCONJ
cblr-2952	889	19	they	they	PRON
cblr-2952	889	20	wish	wish	VERB
cblr-2952	889	21	to	to	PART
cblr-2952	889	22	raise	raise	VERB
cblr-2952	889	23	permanent	permanent	ADJ
cblr-2952	889	24	capital	capital	NOUN
cblr-2952	889	25	from	from	ADP
cblr-2952	889	26	public	public	ADJ
cblr-2952	889	27	"	"	PUNCT
cblr-2952	889	28	retail	retail	ADJ
cblr-2952	889	29	"	"	PUNCT
cblr-2952	889	30	investors	investor	NOUN
cblr-2952	889	31	.	.	PUNCT
cblr-2952	889	32	'	'	PUNCT
cblr-2952	890	1	second	second	ADJ
cblr-2952	890	2	,	,	PUNCT
cblr-2952	890	3	for	for	ADP
cblr-2952	890	4	some	some	PRON
cblr-2952	890	5	of	of	ADP
cblr-2952	890	6	these	these	DET
cblr-2952	890	7	advisers	adviser	NOUN
cblr-2952	890	8	,	,	PUNCT
cblr-2952	890	9	it	it	PRON
cblr-2952	890	10	is	be	AUX
cblr-2952	890	11	a	a	DET
cblr-2952	890	12	vehicle	vehicle	NOUN
cblr-2952	890	13	to	to	PART
cblr-2952	890	14	tap	tap	VERB
cblr-2952	890	15	into	into	ADP
cblr-2952	890	16	demand	demand	NOUN
cblr-2952	890	17	and	and	CCONJ
cblr-2952	890	18	offer	offer	VERB
cblr-2952	890	19	u.s	u.s	PROPN
cblr-2952	890	20	.	.	PROPN
cblr-2952	890	21	investors	investor	NOUN
cblr-2952	890	22	a	a	DET
cblr-2952	890	23	public	public	ADJ
cblr-2952	890	24	investment	investment	NOUN
cblr-2952	890	25	opportunity	opportunity	NOUN
cblr-2952	890	26	.	.	PUNCT
cblr-2952	891	1	accordingly	accordingly	ADV
cblr-2952	891	2	,	,	PUNCT
cblr-2952	891	3	some	some	DET
cblr-2952	891	4	funds	fund	NOUN
cblr-2952	891	5	have	have	AUX
cblr-2952	891	6	explicitly	explicitly	ADV
cblr-2952	891	7	courted	court	VERB
cblr-2952	891	8	u.s	u.s	PROPN
cblr-2952	891	9	.	.	PROPN
cblr-2952	891	10	investors	investor	NOUN
cblr-2952	891	11	.	.	PUNCT
cblr-2952	892	1	for	for	ADP
cblr-2952	892	2	example	example	NOUN
cblr-2952	892	3	,	,	PUNCT
cblr-2952	892	4	ripplewood	ripplewood	NOUN
cblr-2952	892	5	holdings	holding	NOUN
cblr-2952	892	6	llc	llc	PROPN
cblr-2952	892	7	targeted	target	VERB
cblr-2952	892	8	quali19	quali19	NOUN
cblr-2952	892	9	see	see	VERB
cblr-2952	892	10	david	david	PROPN
cblr-2952	892	11	cho	cho	PROPN
cblr-2952	892	12	,	,	PUNCT
cblr-2952	892	13	nasdaq	nasdaq	PROPN
cblr-2952	892	14	gives	give	VERB
cblr-2952	892	15	high	high	ADJ
cblr-2952	892	16	rollers	roller	NOUN
cblr-2952	892	17	a	a	DET
cblr-2952	892	18	market	market	NOUN
cblr-2952	892	19	free	free	ADJ
cblr-2952	892	20	of	of	ADP
cblr-2952	892	21	regulation	regulation	NOUN
cblr-2952	892	22	,	,	PUNCT
cblr-2952	892	23	wash	wash	NOUN
cblr-2952	892	24	.	.	PUNCT
cblr-2952	893	1	post	post	NOUN
cblr-2952	893	2	,	,	PUNCT
cblr-2952	893	3	aug	aug	PROPN
cblr-2952	893	4	.	.	PROPN
cblr-2952	893	5	14	14	NUM
cblr-2952	893	6	,	,	PUNCT
cblr-2952	893	7	2007	2007	NUM
cblr-2952	893	8	,	,	PUNCT
cblr-2952	893	9	at	at	ADP
cblr-2952	893	10	al	al	PROPN
cblr-2952	893	11	;	;	PUNCT
cblr-2952	893	12	ben	ben	PROPN
cblr-2952	893	13	white	white	PROPN
cblr-2952	893	14	&	&	CCONJ
cblr-2952	893	15	james	james	PROPN
cblr-2952	893	16	politi	politi	PROPN
cblr-2952	893	17	,	,	PUNCT
cblr-2952	893	18	rivals	rival	NOUN
cblr-2952	893	19	take	take	VERB
cblr-2952	893	20	on	on	ADP
cblr-2952	893	21	goldman	goldman	NOUN
cblr-2952	893	22	trading	trading	NOUN
cblr-2952	893	23	platform	platform	NOUN
cblr-2952	893	24	,	,	PUNCT
cblr-2952	893	25	fin	fin	NOUN
cblr-2952	893	26	.	.	PUNCT
cblr-2952	893	27	times	times	PROPN
cblr-2952	893	28	,	,	PUNCT
cblr-2952	893	29	july	july	PROPN
cblr-2952	893	30	23	23	NUM
cblr-2952	893	31	,	,	PUNCT
cblr-2952	893	32	2007	2007	NUM
cblr-2952	893	33	.	.	PUNCT
cblr-2952	894	1	'	'	PUNCT
cblr-2952	894	2	9	9	NUM
cblr-2952	894	3	'	'	PUNCT
cblr-2952	894	4	see	see	NOUN
cblr-2952	894	5	reuters	reuter	NOUN
cblr-2952	894	6	,	,	PUNCT
cblr-2952	894	7	12	12	NUM
cblr-2952	894	8	firms	firm	NOUN
cblr-2952	894	9	unite	unite	VERB
cblr-2952	894	10	for	for	ADP
cblr-2952	894	11	trading	trading	NOUN
cblr-2952	894	12	in	in	ADP
cblr-2952	894	13	unregistered	unregistered	ADJ
cblr-2952	894	14	securities	security	NOUN
cblr-2952	894	15	,	,	PUNCT
cblr-2952	894	16	nov	nov	PROPN
cblr-2952	894	17	.	.	PROPN
cblr-2952	894	18	13	13	NUM
cblr-2952	894	19	,	,	PUNCT
cblr-2952	894	20	2007	2007	NUM
cblr-2952	894	21	.	.	PUNCT
cblr-2952	895	1	'	'	PUNCT
cblr-2952	895	2	9	9	NUM
cblr-2952	895	3	'	'	CCONJ
cblr-2952	895	4	dealogic	dealogic	ADJ
cblr-2952	895	5	database	database	NOUN
cblr-2952	895	6	(	(	PUNCT
cblr-2952	895	7	search	search	NOUN
cblr-2952	895	8	data	datum	NOUN
cblr-2952	895	9	on	on	ADP
cblr-2952	895	10	file	file	NOUN
cblr-2952	895	11	with	with	ADP
cblr-2952	895	12	author	author	NOUN
cblr-2952	895	13	)	)	PUNCT
cblr-2952	895	14	.	.	PUNCT
cblr-2952	896	1	193	193	NUM
cblr-2952	896	2	see	see	VERB
cblr-2952	896	3	vipal	vipal	ADJ
cblr-2952	896	4	monga	monga	NOUN
cblr-2952	896	5	,	,	PUNCT
cblr-2952	896	6	apollo	apollo	PROPN
cblr-2952	896	7	ipo	ipo	PROPN
cblr-2952	896	8	:	:	PUNCT
cblr-2952	896	9	smaller	small	ADJ
cblr-2952	896	10	,	,	PUNCT
cblr-2952	896	11	for	for	ADP
cblr-2952	896	12	a	a	DET
cblr-2952	896	13	reason	reason	NOUN
cblr-2952	896	14	,	,	PUNCT
cblr-2952	896	15	daily	daily	ADJ
cblr-2952	896	16	deal	deal	NOUN
cblr-2952	896	17	,	,	PUNCT
cblr-2952	896	18	june	june	PROPN
cblr-2952	896	19	16	16	NUM
cblr-2952	896	20	,	,	PUNCT
cblr-2952	896	21	2006	2006	NUM
cblr-2952	896	22	(	(	PUNCT
cblr-2952	896	23	reporting	report	VERB
cblr-2952	896	24	on	on	ADP
cblr-2952	896	25	ap	ap	PROPN
cblr-2952	896	26	alternative	alternative	ADJ
cblr-2952	896	27	assets	asset	NOUN
cblr-2952	896	28	lp	lp	VERB
cblr-2952	896	29	initial	initial	ADJ
cblr-2952	896	30	public	public	ADJ
cblr-2952	896	31	offering	offering	NOUN
cblr-2952	896	32	)	)	PUNCT
cblr-2952	896	33	;	;	PUNCT
cblr-2952	896	34	heather	heather	PROPN
cblr-2952	896	35	timmons	timmon	NOUN
cblr-2952	896	36	,	,	PUNCT
cblr-2952	896	37	opening	open	VERB
cblr-2952	896	38	private	private	ADJ
cblr-2952	896	39	equity	equity	NOUN
cblr-2952	896	40	's	's	PART
cblr-2952	896	41	door	door	NOUN
cblr-2952	896	42	,	,	PUNCT
cblr-2952	896	43	at	at	ADP
cblr-2952	896	44	least	least	ADJ
cblr-2952	896	45	a	a	DET
cblr-2952	896	46	crack	crack	NOUN
cblr-2952	896	47	,	,	PUNCT
cblr-2952	896	48	to	to	ADP
cblr-2952	896	49	public	public	ADJ
cblr-2952	896	50	investors	investor	NOUN
cblr-2952	896	51	,	,	PUNCT
cblr-2952	896	52	n.y	n.y	PROPN
cblr-2952	896	53	.	.	PROPN
cblr-2952	896	54	times	times	PROPN
cblr-2952	896	55	,	,	PUNCT
cblr-2952	896	56	may	may	AUX
cblr-2952	896	57	4	4	NUM
cblr-2952	896	58	,	,	PUNCT
cblr-2952	896	59	2006	2006	NUM
cblr-2952	896	60	,	,	PUNCT
cblr-2952	896	61	at	at	ADP
cblr-2952	896	62	c3	c3	PROPN
cblr-2952	896	63	(	(	PUNCT
cblr-2952	896	64	reporting	report	VERB
cblr-2952	896	65	on	on	ADP
cblr-2952	896	66	kkr	kkr	PROPN
cblr-2952	896	67	private	private	PROPN
cblr-2952	896	68	equity	equity	NOUN
cblr-2952	896	69	investors	investor	NOUN
cblr-2952	896	70	initial	initial	ADJ
cblr-2952	896	71	public	public	ADJ
cblr-2952	896	72	offering	offering	NOUN
cblr-2952	896	73	)	)	PUNCT
cblr-2952	896	74	.	.	PUNCT
cblr-2952	896	75	'	'	PUNCT
cblr-2952	897	1	i	i	PRON
cblr-2952	897	2	d.	d.	PROPN
cblr-2952	897	3	(	(	PUNCT
cblr-2952	897	4	quoting	quote	VERB
cblr-2952	897	5	a	a	DET
cblr-2952	897	6	private	private	ADJ
cblr-2952	897	7	equity	equity	NOUN
cblr-2952	897	8	analyst	analyst	NOUN
cblr-2952	897	9	on	on	ADP
cblr-2952	897	10	the	the	DET
cblr-2952	897	11	ipo	ipo	PROPN
cblr-2952	897	12	of	of	ADP
cblr-2952	897	13	kkr	kkr	PROPN
cblr-2952	897	14	private	private	PROPN
cblr-2952	897	15	equity	equity	NOUN
cblr-2952	897	16	investors	investor	NOUN
cblr-2952	897	17	lp	lp	ADV
cblr-2952	897	18	as	as	ADP
cblr-2952	897	19	stating	state	VERB
cblr-2952	897	20	"	"	PUNCT
cblr-2952	897	21	[	[	PUNCT
cblr-2952	897	22	i]t	i]t	PRON
cblr-2952	897	23	opens	open	VERB
cblr-2952	897	24	private	private	ADJ
cblr-2952	897	25	equity	equity	NOUN
cblr-2952	897	26	up	up	ADP
cblr-2952	897	27	to	to	ADP
cblr-2952	897	28	a	a	DET
cblr-2952	897	29	whole	whole	ADJ
cblr-2952	897	30	new	new	ADJ
cblr-2952	897	31	group	group	NOUN
cblr-2952	897	32	of	of	ADP
cblr-2952	897	33	investors	investor	NOUN
cblr-2952	897	34	"	"	PUNCT
cblr-2952	897	35	)	)	PUNCT
cblr-2952	897	36	.	.	PUNCT
cblr-2952	898	1	[	[	X
cblr-2952	898	2	vol	vol	NOUN
cblr-2952	898	3	.	.	NOUN
cblr-2952	898	4	2008	2008	NUM
cblr-2952	898	5	black	black	ADJ
cblr-2952	898	6	market	market	NOUN
cblr-2952	898	7	capital	capital	NOUN
cblr-2952	898	8	fled	flee	VERB
cblr-2952	898	9	u.s	u.s	PROPN
cblr-2952	898	10	.	.	PROPN
cblr-2952	898	11	investors	investor	NOUN
cblr-2952	898	12	in	in	ADP
cblr-2952	898	13	a	a	DET
cblr-2952	898	14	c729	c729	PROPN
cblr-2952	898	15	million	million	NUM
cblr-2952	898	16	capital	capital	NOUN
cblr-2952	898	17	raising	raising	NOUN
cblr-2952	898	18	and	and	CCONJ
cblr-2952	898	19	listing	list	VERB
cblr-2952	898	20	on	on	ADP
cblr-2952	898	21	euronext	euronext	PROPN
cblr-2952	898	22	brussels	brussels	PROPN
cblr-2952	898	23	for	for	ADP
cblr-2952	898	24	rhj	rhj	PROPN
cblr-2952	898	25	international	international	PROPN
cblr-2952	898	26	fund	fund	PROPN
cblr-2952	898	27	,	,	PUNCT
cblr-2952	898	28	a	a	DET
cblr-2952	898	29	holding	hold	VERB
cblr-2952	898	30	company	company	NOUN
cblr-2952	898	31	for	for	ADP
cblr-2952	898	32	ripplewood	ripplewood	NOUN
cblr-2952	898	33	's	's	PART
cblr-2952	898	34	japanese	japanese	ADJ
cblr-2952	898	35	and	and	CCONJ
cblr-2952	898	36	other	other	ADJ
cblr-2952	898	37	businesses	business	NOUN
cblr-2952	898	38	.	.	PUNCT
cblr-2952	899	1	'95	'95	NUM
cblr-2952	899	2	rhj	rhj	PROPN
cblr-2952	899	3	international	international	PROPN
cblr-2952	899	4	specifically	specifically	ADV
cblr-2952	899	5	provided	provide	VERB
cblr-2952	899	6	a	a	DET
cblr-2952	899	7	private	private	ADJ
cblr-2952	899	8	placement	placement	NOUN
cblr-2952	899	9	offering	offer	VERB
cblr-2952	899	10	tranche	tranche	NOUN
cblr-2952	899	11	for	for	ADP
cblr-2952	899	12	individual	individual	ADJ
cblr-2952	899	13	u.s	u.s	PROPN
cblr-2952	899	14	.	.	PROPN
cblr-2952	899	15	investors	investor	NOUN
cblr-2952	899	16	with	with	ADP
cblr-2952	899	17	a	a	DET
cblr-2952	899	18	net	net	ADJ
cblr-2952	899	19	worth	worth	NOUN
cblr-2952	899	20	of	of	ADP
cblr-2952	899	21	five	five	NUM
cblr-2952	899	22	million	million	NUM
cblr-2952	899	23	dollars	dollar	NOUN
cblr-2952	899	24	to	to	PART
cblr-2952	899	25	invest	invest	VERB
cblr-2952	899	26	in	in	ADP
cblr-2952	899	27	its	its	PRON
cblr-2952	899	28	offering	offering	NOUN
cblr-2952	899	29	through	through	ADP
cblr-2952	899	30	a	a	DET
cblr-2952	899	31	certificated	certificate	VERB
cblr-2952	899	32	restricted	restricted	ADJ
cblr-2952	899	33	security	security	NOUN
cblr-2952	899	34	.	.	PUNCT
cblr-2952	900	1	'96	'96	NUM
cblr-2952	900	2	this	this	DET
cblr-2952	900	3	u.s	u.s	PROPN
cblr-2952	900	4	.	.	PROPN
cblr-2952	900	5	investment	investment	NOUN
cblr-2952	900	6	is	be	AUX
cblr-2952	900	7	a	a	DET
cblr-2952	900	8	common	common	ADJ
cblr-2952	900	9	economic	economic	ADJ
cblr-2952	900	10	effect	effect	NOUN
cblr-2952	900	11	of	of	ADP
cblr-2952	900	12	black	black	ADJ
cblr-2952	900	13	markets	market	NOUN
cblr-2952	900	14	for	for	ADP
cblr-2952	900	15	any	any	DET
cblr-2952	900	16	good	good	NOUN
cblr-2952	900	17	;	;	PUNCT
cblr-2952	900	18	consumers	consumer	NOUN
cblr-2952	900	19	simply	simply	ADV
cblr-2952	900	20	find	find	VERB
cblr-2952	900	21	another	another	DET
cblr-2952	900	22	legal	legal	ADJ
cblr-2952	900	23	market	market	NOUN
cblr-2952	900	24	to	to	PART
cblr-2952	900	25	purchase	purchase	VERB
cblr-2952	900	26	and	and	CCONJ
cblr-2952	900	27	consume	consume	VERB
cblr-2952	900	28	it	it	PRON
cblr-2952	900	29	.	.	PUNCT
cblr-2952	901	1	but	but	CCONJ
cblr-2952	901	2	the	the	DET
cblr-2952	901	3	increasing	increase	VERB
cblr-2952	901	4	prevalence	prevalence	NOUN
cblr-2952	901	5	of	of	ADP
cblr-2952	901	6	these	these	DET
cblr-2952	901	7	offerings	offering	NOUN
cblr-2952	901	8	is	be	AUX
cblr-2952	901	9	driven	drive	VERB
cblr-2952	901	10	by	by	ADP
cblr-2952	901	11	investor	investor	NOUN
cblr-2952	901	12	demand	demand	NOUN
cblr-2952	901	13	for	for	ADP
cblr-2952	901	14	these	these	DET
cblr-2952	901	15	investments	investment	NOUN
cblr-2952	901	16	from	from	ADP
cblr-2952	901	17	both	both	CCONJ
cblr-2952	901	18	european	european	PROPN
cblr-2952	901	19	and	and	CCONJ
cblr-2952	901	20	u.s	u.s	PROPN
cblr-2952	901	21	.	.	PROPN
cblr-2952	901	22	retail	retail	ADJ
cblr-2952	901	23	investors	investor	NOUN
cblr-2952	901	24	,	,	PUNCT
cblr-2952	901	25	a	a	DET
cblr-2952	901	26	demand	demand	NOUN
cblr-2952	901	27	and	and	CCONJ
cblr-2952	901	28	supply	supply	NOUN
cblr-2952	901	29	shaped	shape	VERB
cblr-2952	901	30	by	by	ADP
cblr-2952	901	31	the	the	DET
cblr-2952	901	32	foreclosing	foreclose	VERB
cblr-2952	901	33	nature	nature	NOUN
cblr-2952	901	34	of	of	ADP
cblr-2952	901	35	u.s	u.s	PROPN
cblr-2952	901	36	.	.	PROPN
cblr-2952	901	37	regulation	regulation	NOUN
cblr-2952	901	38	.	.	PUNCT
cblr-2952	902	1	'97	'97	NUM
cblr-2952	902	2	4	4	NUM
cblr-2952	902	3	.	.	PUNCT
cblr-2952	903	1	bdcs	bdcs	PROPN
cblr-2952	903	2	,	,	PUNCT
cblr-2952	903	3	stacs	stac	NOUN
cblr-2952	903	4	,	,	PUNCT
cblr-2952	903	5	etfs	etfs	NOUN
cblr-2952	903	6	and	and	CCONJ
cblr-2952	903	7	indexes	index	NOUN
cblr-2952	903	8	finally	finally	ADV
cblr-2952	903	9	,	,	PUNCT
cblr-2952	903	10	other	other	ADJ
cblr-2952	903	11	black	black	ADJ
cblr-2952	903	12	market	market	NOUN
cblr-2952	903	13	capital	capital	NOUN
cblr-2952	903	14	indicators	indicator	NOUN
cblr-2952	903	15	now	now	ADV
cblr-2952	903	16	exist	exist	VERB
cblr-2952	903	17	throughout	throughout	ADP
cblr-2952	903	18	the	the	DET
cblr-2952	903	19	u.s	u.s	PROPN
cblr-2952	903	20	.	.	PROPN
cblr-2952	903	21	capital	capital	NOUN
cblr-2952	903	22	markets	market	NOUN
cblr-2952	903	23	;	;	PUNCT
cblr-2952	903	24	these	these	PRON
cblr-2952	903	25	are	be	AUX
cblr-2952	903	26	also	also	ADV
cblr-2952	903	27	substitute	substitute	NOUN
cblr-2952	903	28	products	product	NOUN
cblr-2952	903	29	which	which	PRON
cblr-2952	903	30	partially	partially	ADV
cblr-2952	903	31	derive	derive	VERB
cblr-2952	903	32	their	their	PRON
cblr-2952	903	33	existence	existence	NOUN
cblr-2952	903	34	,	,	PUNCT
cblr-2952	903	35	or	or	CCONJ
cblr-2952	903	36	are	be	AUX
cblr-2952	903	37	otherwise	otherwise	ADV
cblr-2952	903	38	marketed	market	VERB
cblr-2952	903	39	,	,	PUNCT
cblr-2952	903	40	as	as	ADP
cblr-2952	903	41	substitutes	substitute	NOUN
cblr-2952	903	42	for	for	ADP
cblr-2952	903	43	private	private	ADJ
cblr-2952	903	44	equity	equity	NOUN
cblr-2952	903	45	or	or	CCONJ
cblr-2952	903	46	hedge	hedge	NOUN
cblr-2952	903	47	funds.9	funds.9	PROPN
cblr-2952	903	48	for	for	ADP
cblr-2952	903	49	example	example	NOUN
cblr-2952	903	50	,	,	PUNCT
cblr-2952	903	51	in	in	ADP
cblr-2952	903	52	the	the	DET
cblr-2952	903	53	past	past	ADJ
cblr-2952	903	54	few	few	ADJ
cblr-2952	903	55	years	year	NOUN
cblr-2952	903	56	many	many	ADJ
cblr-2952	903	57	private	private	ADJ
cblr-2952	903	58	equity	equity	NOUN
cblr-2952	903	59	or	or	CCONJ
cblr-2952	903	60	hedge	hedge	NOUN
cblr-2952	903	61	fund	fund	NOUN
cblr-2952	903	62	advisers	adviser	NOUN
cblr-2952	903	63	have	have	AUX
cblr-2952	903	64	sponsored	sponsor	VERB
cblr-2952	903	65	business	business	NOUN
cblr-2952	903	66	development	development	NOUN
cblr-2952	903	67	corporations	corporation	NOUN
cblr-2952	903	68	(	(	PUNCT
cblr-2952	903	69	"	"	PUNCT
cblr-2952	903	70	bdcs").'99	bdcs").'99	NOUN
cblr-2952	903	71	typically	typically	ADV
cblr-2952	903	72	,	,	PUNCT
cblr-2952	903	73	these	these	DET
cblr-2952	903	74	cor	cor	NOUN
cblr-2952	903	75	'	'	PUNCT
cblr-2952	903	76	see	see	VERB
cblr-2952	903	77	rhj	rhj	PROPN
cblr-2952	903	78	international	international	ADJ
cblr-2952	903	79	annual	annual	ADJ
cblr-2952	903	80	report	report	NOUN
cblr-2952	903	81	for	for	ADP
cblr-2952	903	82	the	the	DET
cblr-2952	903	83	fiscal	fiscal	ADJ
cblr-2952	903	84	year	year	NOUN
cblr-2952	903	85	ended	end	VERB
cblr-2952	903	86	march	march	PROPN
cblr-2952	903	87	31	31	NUM
cblr-2952	903	88	,	,	PUNCT
cblr-2952	903	89	2005	2005	NUM
cblr-2952	903	90	,	,	PUNCT
cblr-2952	903	91	http://www.rhji.com/file.asp?filetype=doc/04/0o5/annual	http://www.rhji.com/file.asp?filetype=doc/04/0o5/annual	ADJ
cblr-2952	903	92	_	_	PUNCT
cblr-2952	903	93	reporten.pdf	reporten.pdf	NOUN
cblr-2952	903	94	(	(	PUNCT
cblr-2952	903	95	last	last	ADJ
cblr-2952	903	96	visited	visit	VERB
cblr-2952	903	97	feb	feb	PROPN
cblr-2952	903	98	.	.	PROPN
cblr-2952	903	99	4	4	NUM
cblr-2952	903	100	,	,	PUNCT
cblr-2952	903	101	2008	2008	NUM
cblr-2952	903	102	)	)	PUNCT
cblr-2952	903	103	.	.	PUNCT
cblr-2952	904	1	"	"	PUNCT
cblr-2952	904	2	'	'	PUNCT
cblr-2952	904	3	see	see	VERB
cblr-2952	904	4	ronald	ronald	PROPN
cblr-2952	904	5	cami	cami	PROPN
cblr-2952	904	6	,	,	PUNCT
cblr-2952	904	7	public	public	ADJ
cblr-2952	904	8	vehicles	vehicle	NOUN
cblr-2952	904	9	still	still	ADV
cblr-2952	904	10	hold	hold	VERB
cblr-2952	904	11	buy	buy	VERB
cblr-2952	904	12	-	-	PUNCT
cblr-2952	904	13	out	out	ADP
cblr-2952	904	14	allure	allure	NOUN
cblr-2952	904	15	,	,	PUNCT
cblr-2952	904	16	legal	legal	ADJ
cblr-2952	904	17	week	week	NOUN
cblr-2952	904	18	,	,	PUNCT
cblr-2952	904	19	july	july	PROPN
cblr-2952	904	20	20	20	NUM
cblr-2952	904	21	,	,	PUNCT
cblr-2952	904	22	2006	2006	NUM
cblr-2952	904	23	,	,	PUNCT
cblr-2952	904	24	available	available	ADJ
cblr-2952	904	25	at	at	ADP
cblr-2952	904	26	http://wwwcravath.com/attachments/	http://wwwcravath.com/attachments/	PROPN
cblr-2952	904	27	249e6f3608eddoc8852571bd006b	249e6f3608eddoc8852571bd006b	NUM
cblr-2952	904	28	12ea.pdf	12ea.pdf	NUM
cblr-2952	904	29	(	(	PUNCT
cblr-2952	904	30	last	last	ADJ
cblr-2952	904	31	visited	visit	VERB
cblr-2952	904	32	aug	aug	PROPN
cblr-2952	904	33	.	.	PROPN
cblr-2952	904	34	13	13	NUM
cblr-2952	904	35	,	,	PUNCT
cblr-2952	904	36	2007	2007	NUM
cblr-2952	904	37	)	)	PUNCT
cblr-2952	904	38	.	.	PUNCT
cblr-2952	905	1	197	197	NUM
cblr-2952	905	2	see	see	VERB
cblr-2952	905	3	edward	edward	PROPN
cblr-2952	905	4	evans	evans	PROPN
cblr-2952	905	5	,	,	PUNCT
cblr-2952	905	6	funds	fund	NOUN
cblr-2952	905	7	:	:	PUNCT
cblr-2952	905	8	small	small	ADJ
cblr-2952	905	9	investors	investor	NOUN
cblr-2952	905	10	tap	tap	VERB
cblr-2952	905	11	into	into	ADP
cblr-2952	905	12	buy	buy	NOUN
cblr-2952	905	13	-	-	PUNCT
cblr-2952	905	14	outs	out	NOUN
cblr-2952	905	15	,	,	PUNCT
cblr-2952	905	16	int'l	int'l	ADP
cblr-2952	905	17	herald	herald	PROPN
cblr-2952	905	18	tribune	tribune	PROPN
cblr-2952	905	19	,	,	PUNCT
cblr-2952	905	20	apr	apr	PROPN
cblr-2952	905	21	.	.	PROPN
cblr-2952	905	22	11	11	NUM
cblr-2952	905	23	,	,	PUNCT
cblr-2952	905	24	2006	2006	NUM
cblr-2952	905	25	,	,	PUNCT
cblr-2952	905	26	available	available	ADJ
cblr-2952	905	27	at	at	ADP
cblr-2952	905	28	http://www.iht.com/articles/2006/04/10/bloomberg/bxfund.php	http://www.iht.com/articles/2006/04/10/bloomberg/bxfund.php	PROPN
cblr-2952	905	29	.	.	PUNCT
cblr-2952	906	1	19	19	NUM
cblr-2952	906	2	investment	investment	NOUN
cblr-2952	906	3	company	company	NOUN
cblr-2952	906	4	act	act	NOUN
cblr-2952	906	5	rules	rule	NOUN
cblr-2952	906	6	restrict	restrict	VERB
cblr-2952	906	7	their	their	PRON
cblr-2952	906	8	full	full	ADJ
cblr-2952	906	9	ability	ability	NOUN
cblr-2952	906	10	to	to	PART
cblr-2952	906	11	invest	invest	VERB
cblr-2952	906	12	by	by	ADP
cblr-2952	906	13	limiting	limit	VERB
cblr-2952	906	14	affiliate	affiliate	NOUN
cblr-2952	906	15	transactions	transaction	NOUN
cblr-2952	906	16	with	with	ADP
cblr-2952	906	17	their	their	PRON
cblr-2952	906	18	adviser	adviser	NOUN
cblr-2952	906	19	sponsors	sponsor	NOUN
cblr-2952	906	20	.	.	PUNCT
cblr-2952	907	1	see	see	VERB
cblr-2952	907	2	17	17	NUM
cblr-2952	907	3	c.f.r	c.f.r	NOUN
cblr-2952	907	4	.	.	PUNCT
cblr-2952	908	1	§	§	PROPN
cblr-2952	908	2	270.551	270.551	NUM
cblr-2952	908	3	-	-	SYM
cblr-2952	908	4	1	1	NUM
cblr-2952	908	5	(	(	PUNCT
cblr-2952	908	6	2007	2007	NUM
cblr-2952	908	7	)	)	PUNCT
cblr-2952	908	8	.	.	PUNCT
cblr-2952	909	1	"	"	PUNCT
cblr-2952	909	2	'	'	PUNCT
cblr-2952	909	3	bdcs	bdc	VERB
cblr-2952	909	4	are	be	AUX
cblr-2952	909	5	subject	subject	ADJ
cblr-2952	909	6	to	to	ADP
cblr-2952	909	7	the	the	DET
cblr-2952	909	8	investment	investment	NOUN
cblr-2952	909	9	company	company	NOUN
cblr-2952	909	10	act	act	VERB
cblr-2952	909	11	albeit	albeit	SCONJ
cblr-2952	909	12	with	with	ADP
cblr-2952	909	13	certain	certain	ADJ
cblr-2952	909	14	exemptions	exemption	NOUN
cblr-2952	909	15	to	to	PART
cblr-2952	909	16	accommodate	accommodate	VERB
cblr-2952	909	17	their	their	PRON
cblr-2952	909	18	structure	structure	NOUN
cblr-2952	909	19	.	.	PUNCT
cblr-2952	910	1	see	see	VERB
cblr-2952	910	2	generally	generally	ADV
cblr-2952	910	3	adoption	adoption	NOUN
cblr-2952	910	4	of	of	ADP
cblr-2952	910	5	permanent	permanent	ADJ
cblr-2952	910	6	rules	rule	NOUN
cblr-2952	910	7	exempting	exempt	VERB
cblr-2952	910	8	business	business	NOUN
cblr-2952	910	9	development	development	NOUN
cblr-2952	910	10	companies	company	NOUN
cblr-2952	910	11	and	and	CCONJ
cblr-2952	910	12	certain	certain	ADJ
cblr-2952	910	13	of	of	ADP
cblr-2952	910	14	their	their	PRON
cblr-2952	910	15	affiliates	affiliate	NOUN
cblr-2952	910	16	from	from	ADP
cblr-2952	910	17	provisions	provision	NOUN
cblr-2952	910	18	of	of	ADP
cblr-2952	910	19	the	the	DET
cblr-2952	910	20	investment	investment	NOUN
cblr-2952	910	21	company	company	NOUN
cblr-2952	910	22	act	act	NOUN
cblr-2952	910	23	,	,	PUNCT
cblr-2952	910	24	ic	ic	PROPN
cblr-2952	910	25	release	release	VERB
cblr-2952	910	26	no	no	PRON
cblr-2952	910	27	.	.	NOUN
cblr-2952	910	28	11675	11675	NUM
cblr-2952	910	29	,	,	PUNCT
cblr-2952	910	30	[	[	X
cblr-2952	910	31	1981	1981	NUM
cblr-2952	910	32	transfer	transfer	NOUN
cblr-2952	910	33	binder	binder	NOUN
cblr-2952	910	34	]	]	PUNCT
cblr-2952	910	35	fed	fed	PROPN
cblr-2952	910	36	.	.	PUNCT
cblr-2952	911	1	sec	sec	PROPN
cblr-2952	911	2	.	.	PROPN
cblr-2952	911	3	l.	l.	PROPN
cblr-2952	911	4	rep	rep	PROPN
cblr-2952	911	5	.	.	PROPN
cblr-2952	911	6	(	(	PUNCT
cblr-2952	911	7	cch	cch	PROPN
cblr-2952	911	8	)	)	PUNCT
cblr-2952	911	9	no	no	NOUN
cblr-2952	911	10	.	.	NOUN
cblr-2952	912	1	1	1	NUM
cblr-2952	912	2	:	:	SYM
cblr-2952	912	3	172	172	NUM
cblr-2952	912	4	]	]	PUNCT
cblr-2952	912	5	columbia	columbia	PROPN
cblr-2952	912	6	business	business	PROPN
cblr-2952	912	7	law	law	PROPN
cblr-2952	912	8	review	review	NOUN
cblr-2952	912	9	porations	poration	NOUN
cblr-2952	912	10	invest	invest	VERB
cblr-2952	912	11	primarily	primarily	ADV
cblr-2952	912	12	in	in	ADP
cblr-2952	912	13	debt	debt	NOUN
cblr-2952	912	14	securities	security	NOUN
cblr-2952	912	15	associated	associate	VERB
cblr-2952	912	16	with	with	ADP
cblr-2952	912	17	private	private	ADJ
cblr-2952	912	18	equity	equity	NOUN
cblr-2952	912	19	transactions	transaction	NOUN
cblr-2952	912	20	and	and	CCONJ
cblr-2952	912	21	are	be	AUX
cblr-2952	912	22	specifically	specifically	ADV
cblr-2952	912	23	marketed	market	VERB
cblr-2952	912	24	as	as	ADP
cblr-2952	912	25	private	private	ADJ
cblr-2952	912	26	equity	equity	NOUN
cblr-2952	912	27	substitutes.200	substitutes.200	PROPN
cblr-2952	912	28	from	from	ADP
cblr-2952	912	29	january	january	PROPN
cblr-2952	912	30	1	1	NUM
cblr-2952	912	31	,	,	PUNCT
cblr-2952	912	32	2004	2004	NUM
cblr-2952	912	33	to	to	ADP
cblr-2952	912	34	june	june	PROPN
cblr-2952	912	35	30	30	NUM
cblr-2952	912	36	,	,	PUNCT
cblr-2952	912	37	2007	2007	NUM
cblr-2952	912	38	,	,	PUNCT
cblr-2952	913	1	fifteen	fifteen	NUM
cblr-2952	913	2	bdcs	bdcs	PROPN
cblr-2952	913	3	had	have	VERB
cblr-2952	913	4	initial	initial	ADJ
cblr-2952	913	5	public	public	ADJ
cblr-2952	913	6	offerings	offering	NOUN
cblr-2952	913	7	raising	raise	VERB
cblr-2952	913	8	an	an	DET
cblr-2952	913	9	aggregate	aggregate	ADJ
cblr-2952	913	10	amount	amount	NOUN
cblr-2952	913	11	of	of	ADP
cblr-2952	913	12	approximately	approximately	ADV
cblr-2952	913	13	three	three	NUM
cblr-2952	913	14	billion	billion	NUM
cblr-2952	913	15	dollars.20	dollars.20	NOUN
cblr-2952	913	16	'	'	PUNCT
cblr-2952	913	17	the	the	DET
cblr-2952	913	18	largest	large	ADJ
cblr-2952	913	19	of	of	ADP
cblr-2952	913	20	these	these	PRON
cblr-2952	913	21	was	be	AUX
cblr-2952	913	22	the	the	DET
cblr-2952	913	23	apollo	apollo	PROPN
cblr-2952	913	24	investment	investment	NOUN
cblr-2952	913	25	bdc	bdc	PROPN
cblr-2952	913	26	sponsored	sponsor	VERB
cblr-2952	913	27	by	by	ADP
cblr-2952	913	28	apollo	apollo	PROPN
cblr-2952	913	29	management	management	NOUN
cblr-2952	913	30	which	which	PRON
cblr-2952	913	31	raised	raise	VERB
cblr-2952	913	32	$	$	SYM
cblr-2952	913	33	930	930	NUM
cblr-2952	913	34	million	million	NUM
cblr-2952	913	35	in	in	ADP
cblr-2952	913	36	a	a	DET
cblr-2952	913	37	single	single	ADJ
cblr-2952	913	38	offering.2	offering.2	NOUN
cblr-2952	913	39	2	2	NUM
cblr-2952	913	40	in	in	ADP
cblr-2952	913	41	2006	2006	NUM
cblr-2952	913	42	it	it	PRON
cblr-2952	913	43	was	be	AUX
cblr-2952	913	44	estimated	estimate	VERB
cblr-2952	913	45	that	that	SCONJ
cblr-2952	913	46	publiclytraded	publiclytrade	VERB
cblr-2952	913	47	bdcs	bdc	NOUN
cblr-2952	913	48	had	have	VERB
cblr-2952	913	49	approximately	approximately	ADV
cblr-2952	913	50	seventeen	seventeen	NUM
cblr-2952	913	51	billion	billion	NUM
cblr-2952	913	52	dollars	dollar	NOUN
cblr-2952	913	53	in	in	ADP
cblr-2952	913	54	assets	asset	NOUN
cblr-2952	913	55	under	under	ADP
cblr-2952	913	56	management	management	NOUN
cblr-2952	913	57	compared	compare	VERB
cblr-2952	913	58	to	to	ADP
cblr-2952	913	59	only	only	ADV
cblr-2952	913	60	one	one	NUM
cblr-2952	913	61	billion	billion	NUM
cblr-2952	913	62	dollars	dollar	NOUN
cblr-2952	913	63	in	in	ADP
cblr-2952	913	64	1997.202	1997.202	PROPN
cblr-2952	913	65	the	the	DET
cblr-2952	913	66	structured	structured	ADJ
cblr-2952	913	67	trust	trust	NOUN
cblr-2952	913	68	acquisition	acquisition	NOUN
cblr-2952	913	69	company	company	NOUN
cblr-2952	913	70	(	(	PUNCT
cblr-2952	913	71	"	"	PUNCT
cblr-2952	913	72	stac	stac	PROPN
cblr-2952	913	73	"	"	PUNCT
cblr-2952	913	74	)	)	PUNCT
cblr-2952	913	75	is	be	AUX
cblr-2952	913	76	another	another	DET
cblr-2952	913	77	derivative	derivative	ADJ
cblr-2952	913	78	structure	structure	NOUN
cblr-2952	913	79	that	that	PRON
cblr-2952	913	80	has	have	AUX
cblr-2952	913	81	arisen	arise	VERB
cblr-2952	913	82	and	and	CCONJ
cblr-2952	913	83	is	be	AUX
cblr-2952	913	84	marketed	market	VERB
cblr-2952	913	85	as	as	ADP
cblr-2952	913	86	a	a	DET
cblr-2952	913	87	private	private	ADJ
cblr-2952	913	88	equity	equity	NOUN
cblr-2952	913	89	substitute	substitute	NOUN
cblr-2952	913	90	.	.	PUNCT
cblr-2952	914	1	4	4	NUM
cblr-2952	914	2	stacs	stac	NOUN
cblr-2952	914	3	are	be	AUX
cblr-2952	914	4	tax	tax	NOUN
cblr-2952	914	5	-	-	PUNCT
cblr-2952	914	6	structured	structure	VERB
cblr-2952	914	7	corporate	corporate	ADJ
cblr-2952	914	8	entities	entity	NOUN
cblr-2952	914	9	which	which	PRON
cblr-2952	914	10	initiate	initiate	VERB
cblr-2952	914	11	offerings	offering	NOUN
cblr-2952	914	12	to	to	PART
cblr-2952	914	13	acquire	acquire	VERB
cblr-2952	914	14	pre	pre	ADJ
cblr-2952	914	15	-	-	ADJ
cblr-2952	914	16	set	set	ADJ
cblr-2952	914	17	portfolios	portfolio	NOUN
cblr-2952	914	18	of	of	ADP
cblr-2952	914	19	businesses	business	NOUN
cblr-2952	914	20	.	.	PUNCT
cblr-2952	915	1	they	they	PRON
cblr-2952	915	2	subsequently	subsequently	ADV
cblr-2952	915	3	manage	manage	VERB
cblr-2952	915	4	and	and	CCONJ
cblr-2952	915	5	operate	operate	VERB
cblr-2952	915	6	these	these	DET
cblr-2952	915	7	businesses	business	NOUN
cblr-2952	915	8	but	but	CCONJ
cblr-2952	915	9	also	also	ADV
cblr-2952	915	10	adopt	adopt	VERB
cblr-2952	915	11	a	a	DET
cblr-2952	915	12	pre	pre	ADJ
cblr-2952	915	13	-	-	ADJ
cblr-2952	915	14	set	set	ADJ
cblr-2952	915	15	acquisition	acquisition	NOUN
cblr-2952	915	16	agenda	agenda	NOUN
cblr-2952	915	17	.	.	PUNCT
cblr-2952	916	1	fund	fund	NOUN
cblr-2952	916	2	advisers	adviser	NOUN
cblr-2952	916	3	can	can	AUX
cblr-2952	916	4	thus	thus	ADV
cblr-2952	916	5	utilize	utilize	VERB
cblr-2952	916	6	this	this	DET
cblr-2952	916	7	structure	structure	NOUN
cblr-2952	916	8	to	to	PART
cblr-2952	916	9	rollup	rollup	VERB
cblr-2952	916	10	their	their	PRON
cblr-2952	916	11	private	private	ADJ
cblr-2952	916	12	equity	equity	NOUN
cblr-2952	916	13	investments	investment	NOUN
cblr-2952	916	14	and	and	CCONJ
cblr-2952	916	15	monetize	monetize	VERB
cblr-2952	916	16	them	they	PRON
cblr-2952	916	17	through	through	ADP
cblr-2952	916	18	a	a	DET
cblr-2952	916	19	public	public	ADJ
cblr-2952	916	20	share	share	NOUN
cblr-2952	916	21	offering.2	offering.2	NOUN
cblr-2952	916	22	2	2	NUM
cblr-2952	916	23	since	since	SCONJ
cblr-2952	916	24	2005	2005	NUM
cblr-2952	916	25	,	,	PUNCT
cblr-2952	916	26	there	there	PRON
cblr-2952	916	27	have	have	AUX
cblr-2952	916	28	been	be	AUX
cblr-2952	916	29	two	two	NUM
cblr-2952	916	30	u.s	u.s	PROPN
cblr-2952	916	31	.	.	PROPN
cblr-2952	916	32	initial	initial	ADJ
cblr-2952	916	33	public	public	ADJ
cblr-2952	916	34	offerings	offering	NOUN
cblr-2952	916	35	by	by	ADP
cblr-2952	916	36	stacs	stac	NOUN
cblr-2952	916	37	raising	raise	VERB
cblr-2952	916	38	an	an	DET
cblr-2952	916	39	82,844	82,844	NUM
cblr-2952	916	40	(	(	PUNCT
cblr-2952	916	41	mar	mar	PROPN
cblr-2952	916	42	.	.	PROPN
cblr-2952	916	43	9	9	NUM
cblr-2952	916	44	,	,	PUNCT
cblr-2952	916	45	1981	1981	NUM
cblr-2952	916	46	)	)	PUNCT
cblr-2952	916	47	(	(	PUNCT
cblr-2952	916	48	adopting	adopt	VERB
cblr-2952	916	49	new	new	ADJ
cblr-2952	916	50	rules	rule	NOUN
cblr-2952	916	51	to	to	PART
cblr-2952	916	52	permit	permit	VERB
cblr-2952	916	53	bdcs	bdc	VERB
cblr-2952	916	54	to	to	PART
cblr-2952	916	55	engage	engage	VERB
cblr-2952	916	56	in	in	ADP
cblr-2952	916	57	affiliate	affiliate	NOUN
cblr-2952	916	58	transactions	transaction	NOUN
cblr-2952	916	59	and	and	CCONJ
cblr-2952	916	60	to	to	PART
cblr-2952	916	61	acquire	acquire	VERB
cblr-2952	916	62	and	and	CCONJ
cblr-2952	916	63	operate	operate	VERB
cblr-2952	916	64	small	small	ADJ
cblr-2952	916	65	business	business	NOUN
cblr-2952	916	66	investment	investment	NOUN
cblr-2952	916	67	companies	company	NOUN
cblr-2952	916	68	)	)	PUNCT
cblr-2952	916	69	.	.	PUNCT
cblr-2952	917	1	200	200	NUM
cblr-2952	917	2	for	for	ADP
cblr-2952	917	3	an	an	DET
cblr-2952	917	4	overview	overview	NOUN
cblr-2952	917	5	of	of	ADP
cblr-2952	917	6	these	these	DET
cblr-2952	917	7	structures	structure	NOUN
cblr-2952	917	8	,	,	PUNCT
cblr-2952	917	9	see	see	VERB
cblr-2952	917	10	cynthia	cynthia	PROPN
cblr-2952	917	11	krus	krus	PROPN
cblr-2952	917	12	et	et	PROPN
cblr-2952	917	13	al	al	PROPN
cblr-2952	917	14	.	.	PROPN
cblr-2952	917	15	,	,	PUNCT
cblr-2952	917	16	taking	take	VERB
cblr-2952	917	17	private	private	ADJ
cblr-2952	917	18	equity	equity	NOUN
cblr-2952	917	19	public	public	NOUN
cblr-2952	917	20	,	,	PUNCT
cblr-2952	917	21	mondaq	mondaq	PROPN
cblr-2952	917	22	,	,	PUNCT
cblr-2952	917	23	july	july	PROPN
cblr-2952	917	24	24	24	NUM
cblr-2952	917	25	,	,	PUNCT
cblr-2952	917	26	2006	2006	NUM
cblr-2952	917	27	,	,	PUNCT
cblr-2952	917	28	at	at	ADP
cblr-2952	917	29	2	2	NUM
cblr-2952	917	30	-	-	SYM
cblr-2952	917	31	3	3	NUM
cblr-2952	917	32	,	,	PUNCT
cblr-2952	917	33	http://www.mondaq.com/article.asp?articleid=41446	http://www.mondaq.com/article.asp?articleid=41446	PROPN
cblr-2952	917	34	(	(	PUNCT
cblr-2952	917	35	last	last	ADV
cblr-2952	917	36	visited	visit	VERB
cblr-2952	917	37	feb	feb	PROPN
cblr-2952	917	38	.	.	PROPN
cblr-2952	917	39	4	4	NUM
cblr-2952	917	40	,	,	PUNCT
cblr-2952	917	41	2008	2008	NUM
cblr-2952	917	42	)	)	PUNCT
cblr-2952	917	43	.	.	PUNCT
cblr-2952	918	1	21	21	NUM
cblr-2952	918	2	thomson	thomson	NOUN
cblr-2952	918	3	financial	financial	ADJ
cblr-2952	918	4	database	database	NOUN
cblr-2952	918	5	(	(	PUNCT
cblr-2952	918	6	search	search	NOUN
cblr-2952	918	7	data	datum	NOUN
cblr-2952	918	8	on	on	ADP
cblr-2952	918	9	file	file	NOUN
cblr-2952	918	10	with	with	ADP
cblr-2952	918	11	author	author	NOUN
cblr-2952	918	12	)	)	PUNCT
cblr-2952	918	13	.	.	PUNCT
cblr-2952	919	1	202	202	NUM
cblr-2952	919	2	see	see	VERB
cblr-2952	919	3	geraldine	geraldine	PROPN
cblr-2952	919	4	fabrikant	fabrikant	PROPN
cblr-2952	919	5	,	,	PUNCT
cblr-2952	919	6	private	private	ADJ
cblr-2952	919	7	firms	firm	NOUN
cblr-2952	919	8	use	use	VERB
cblr-2952	919	9	closed	closed	ADJ
cblr-2952	919	10	-	-	PUNCT
cblr-2952	919	11	end	end	NOUN
cblr-2952	919	12	funds	fund	NOUN
cblr-2952	919	13	to	to	PART
cblr-2952	919	14	tap	tap	VERB
cblr-2952	919	15	the	the	DET
cblr-2952	919	16	market	market	NOUN
cblr-2952	919	17	,	,	PUNCT
cblr-2952	919	18	n.y	n.y	PROPN
cblr-2952	919	19	.	.	PROPN
cblr-2952	919	20	times	times	PROPN
cblr-2952	919	21	,	,	PUNCT
cblr-2952	919	22	apr	apr	PROPN
cblr-2952	919	23	.	.	PROPN
cblr-2952	919	24	17	17	NUM
cblr-2952	919	25	,	,	PUNCT
cblr-2952	919	26	2004	2004	NUM
cblr-2952	919	27	,	,	PUNCT
cblr-2952	919	28	at	at	ADP
cblr-2952	919	29	c.	c.	PROPN
cblr-2952	919	30	20	20	NUM
cblr-2952	919	31	'	'	PUNCT
cblr-2952	919	32	see	see	NOUN
cblr-2952	919	33	krus	krus	PROPN
cblr-2952	919	34	et	et	PROPN
cblr-2952	919	35	al	al	PROPN
cblr-2952	919	36	.	.	PROPN
cblr-2952	919	37	,	,	PUNCT
cblr-2952	919	38	supra	supra	PROPN
cblr-2952	919	39	note	note	VERB
cblr-2952	919	40	200	200	NUM
cblr-2952	919	41	,	,	PUNCT
cblr-2952	919	42	at	at	ADP
cblr-2952	919	43	2	2	NUM
cblr-2952	919	44	.	.	PUNCT
cblr-2952	919	45	2"4	2"4	NUM
cblr-2952	919	46	see	see	VERB
cblr-2952	919	47	,	,	PUNCT
cblr-2952	919	48	e.g.	e.g.	ADV
cblr-2952	919	49	,	,	PUNCT
cblr-2952	919	50	christopher	christopher	PROPN
cblr-2952	919	51	m.	m.	PROPN
cblr-2952	919	52	zochowski	zochowski	PROPN
cblr-2952	919	53	,	,	PUNCT
cblr-2952	919	54	pcap	pcap	NOUN
cblr-2952	919	55	recap	recap	NOUN
cblr-2952	919	56	,	,	PUNCT
cblr-2952	919	57	daily	daily	ADJ
cblr-2952	919	58	deal	deal	NOUN
cblr-2952	919	59	,	,	PUNCT
cblr-2952	919	60	july	july	PROPN
cblr-2952	919	61	9	9	NUM
cblr-2952	919	62	,	,	PUNCT
cblr-2952	919	63	2007	2007	NUM
cblr-2952	919	64	(	(	PUNCT
cblr-2952	919	65	asserting	assert	VERB
cblr-2952	919	66	that	that	SCONJ
cblr-2952	919	67	the	the	DET
cblr-2952	919	68	stac	stac	NOUN
cblr-2952	919	69	-	-	PUNCT
cblr-2952	919	70	structure	structure	NOUN
cblr-2952	919	71	"	"	PUNCT
cblr-2952	919	72	provides	provide	VERB
cblr-2952	919	73	several	several	ADJ
cblr-2952	919	74	distinct	distinct	ADJ
cblr-2952	919	75	advantages	advantage	NOUN
cblr-2952	919	76	over	over	ADP
cblr-2952	919	77	other	other	ADJ
cblr-2952	919	78	"	"	PUNCT
cblr-2952	919	79	private	private	ADJ
cblr-2952	919	80	equity	equity	NOUN
cblr-2952	919	81	structures	structure	NOUN
cblr-2952	919	82	such	such	ADJ
cblr-2952	919	83	as	as	ADP
cblr-2952	919	84	bdcs	bdcs	ADJ
cblr-2952	919	85	,	,	PUNCT
cblr-2952	919	86	spacs	spac	NOUN
cblr-2952	919	87	and	and	CCONJ
cblr-2952	919	88	fund	fund	NOUN
cblr-2952	919	89	adviser	adviser	NOUN
cblr-2952	919	90	offerings	offering	NOUN
cblr-2952	919	91	)	)	PUNCT
cblr-2952	919	92	.	.	PUNCT
cblr-2952	920	1	20	20	NUM
cblr-2952	920	2	for	for	ADP
cblr-2952	920	3	an	an	DET
cblr-2952	920	4	overview	overview	NOUN
cblr-2952	920	5	of	of	ADP
cblr-2952	920	6	this	this	DET
cblr-2952	920	7	structure	structure	NOUN
cblr-2952	920	8	,	,	PUNCT
cblr-2952	920	9	see	see	VERB
cblr-2952	920	10	krus	krus	PROPN
cblr-2952	920	11	et	et	PROPN
cblr-2952	920	12	al	al	PROPN
cblr-2952	920	13	.	.	PROPN
cblr-2952	920	14	,	,	PUNCT
cblr-2952	920	15	supra	supra	PROPN
cblr-2952	920	16	note	note	VERB
cblr-2952	920	17	200	200	NUM
cblr-2952	920	18	,	,	PUNCT
cblr-2952	920	19	at	at	ADP
cblr-2952	920	20	[	[	X
cblr-2952	920	21	vol	vol	NOUN
cblr-2952	920	22	.	.	NOUN
cblr-2952	920	23	2008	2008	NUM
cblr-2952	920	24	black	black	ADJ
cblr-2952	920	25	market	market	NOUN
cblr-2952	920	26	capital	capital	NOUN
cblr-2952	920	27	aggregate	aggregate	NOUN
cblr-2952	920	28	of	of	ADP
cblr-2952	920	29	approximately	approximately	ADV
cblr-2952	920	30	$	$	SYM
cblr-2952	920	31	898	898	NUM
cblr-2952	920	32	million	million	NUM
cblr-2952	920	33	.	.	PUNCT
cblr-2952	921	1	"6	"6	VERB
cblr-2952	921	2	the	the	DET
cblr-2952	921	3	largest	large	ADJ
cblr-2952	921	4	of	of	ADP
cblr-2952	921	5	these	these	PRON
cblr-2952	921	6	was	be	AUX
cblr-2952	921	7	the	the	DET
cblr-2952	921	8	offering	offering	NOUN
cblr-2952	921	9	by	by	ADP
cblr-2952	921	10	macquarie	macquarie	PROPN
cblr-2952	921	11	bank	bank	PROPN
cblr-2952	921	12	for	for	ADP
cblr-2952	921	13	macquarie	macquarie	PROPN
cblr-2952	921	14	infrastructure	infrastructure	PROPN
cblr-2952	921	15	company	company	PROPN
cblr-2952	921	16	trust	trust	NOUN
cblr-2952	921	17	for	for	ADP
cblr-2952	921	18	approximately	approximately	ADV
cblr-2952	921	19	$	$	SYM
cblr-2952	921	20	665.3	665.3	NUM
cblr-2952	921	21	million	million	NUM
cblr-2952	921	22	.	.	PUNCT
cblr-2952	921	23	"	"	PUNCT
cblr-2952	921	24	'	'	PUNCT
cblr-2952	921	25	while	while	SCONJ
cblr-2952	921	26	the	the	DET
cblr-2952	921	27	use	use	NOUN
cblr-2952	921	28	of	of	ADP
cblr-2952	921	29	these	these	DET
cblr-2952	921	30	structures	structure	NOUN
cblr-2952	921	31	thus	thus	ADV
cblr-2952	921	32	far	far	ADV
cblr-2952	921	33	has	have	AUX
cblr-2952	921	34	been	be	AUX
cblr-2952	921	35	limited	limit	VERB
cblr-2952	921	36	,	,	PUNCT
cblr-2952	921	37	as	as	SCONJ
cblr-2952	921	38	market	market	NOUN
cblr-2952	921	39	familiarity	familiarity	NOUN
cblr-2952	921	40	with	with	ADP
cblr-2952	921	41	this	this	DET
cblr-2952	921	42	structure	structure	NOUN
cblr-2952	921	43	grows	grow	VERB
cblr-2952	921	44	,	,	PUNCT
cblr-2952	921	45	practitioners	practitioner	NOUN
cblr-2952	921	46	believe	believe	VERB
cblr-2952	921	47	that	that	SCONJ
cblr-2952	921	48	stacs	stac	NOUN
cblr-2952	921	49	are	be	AUX
cblr-2952	921	50	likely	likely	ADJ
cblr-2952	921	51	to	to	PART
cblr-2952	921	52	gain	gain	VERB
cblr-2952	921	53	increased	increase	VERB
cblr-2952	921	54	208prominence	208prominence	PROPN
cblr-2952	921	55	as	as	ADP
cblr-2952	921	56	tax	tax	NOUN
cblr-2952	921	57	-	-	PUNCT
cblr-2952	921	58	efficient	efficient	ADJ
cblr-2952	921	59	private	private	ADJ
cblr-2952	921	60	equity	equity	NOUN
cblr-2952	921	61	substitutes	substitute	NOUN
cblr-2952	921	62	.	.	PUNCT
cblr-2952	922	1	exchange	exchange	NOUN
cblr-2952	922	2	-	-	PUNCT
cblr-2952	922	3	traded	trade	VERB
cblr-2952	922	4	funds	fund	NOUN
cblr-2952	922	5	(	(	PUNCT
cblr-2952	922	6	"	"	PUNCT
cblr-2952	922	7	etfs	etfs	NOUN
cblr-2952	922	8	"	"	PUNCT
cblr-2952	922	9	)	)	PUNCT
cblr-2952	922	10	and	and	CCONJ
cblr-2952	922	11	indexes	index	NOUN
cblr-2952	922	12	,	,	PUNCT
cblr-2952	922	13	which	which	PRON
cblr-2952	922	14	attempt	attempt	VERB
cblr-2952	922	15	to	to	PART
cblr-2952	922	16	track	track	VERB
cblr-2952	922	17	private	private	ADJ
cblr-2952	922	18	equity	equity	NOUN
cblr-2952	922	19	or	or	CCONJ
cblr-2952	922	20	hedge	hedge	NOUN
cblr-2952	922	21	fund	fund	NOUN
cblr-2952	922	22	performance	performance	NOUN
cblr-2952	922	23	,	,	PUNCT
cblr-2952	922	24	have	have	AUX
cblr-2952	922	25	also	also	ADV
cblr-2952	922	26	emerged	emerge	VERB
cblr-2952	922	27	.	.	PUNCT
cblr-2952	923	1	the	the	DET
cblr-2952	923	2	powershares	powershare	NOUN
cblr-2952	923	3	listed	list	VERB
cblr-2952	923	4	private	private	ADJ
cblr-2952	923	5	equity	equity	NOUN
cblr-2952	923	6	portfolio	portfolio	NOUN
cblr-2952	923	7	,	,	PUNCT
cblr-2952	923	8	launched	launch	VERB
cblr-2952	923	9	on	on	ADP
cblr-2952	923	10	october	october	PROPN
cblr-2952	923	11	17	17	NUM
cblr-2952	923	12	,	,	PUNCT
cblr-2952	923	13	2006	2006	NUM
cblr-2952	923	14	,	,	PUNCT
cblr-2952	923	15	is	be	AUX
cblr-2952	923	16	an	an	DET
cblr-2952	923	17	index	index	NOUN
cblr-2952	923	18	of	of	ADP
cblr-2952	923	19	thirty	thirty	NUM
cblr-2952	923	20	fund	fund	NOUN
cblr-2952	923	21	advisers	adviser	NOUN
cblr-2952	923	22	,	,	PUNCT
cblr-2952	923	23	stacs	stac	NOUN
cblr-2952	923	24	,	,	PUNCT
cblr-2952	923	25	bdcs	bdcs	ADJ
cblr-2952	923	26	,	,	PUNCT
cblr-2952	923	27	and	and	CCONJ
cblr-2952	923	28	other	other	ADJ
cblr-2952	923	29	similar	similar	ADJ
cblr-2952	923	30	companies	company	NOUN
cblr-2952	923	31	designed	design	VERB
cblr-2952	923	32	to	to	PART
cblr-2952	923	33	mimic	mimic	VERB
cblr-2952	923	34	private	private	ADJ
cblr-2952	923	35	equity	equity	NOUN
cblr-2952	923	36	returns	return	NOUN
cblr-2952	923	37	.	.	PUNCT
cblr-2952	924	1	20	20	NUM
cblr-2952	924	2	9	9	NUM
cblr-2952	924	3	as	as	ADP
cblr-2952	924	4	of	of	ADP
cblr-2952	924	5	january	january	PROPN
cblr-2952	924	6	4	4	NUM
cblr-2952	924	7	,	,	PUNCT
cblr-2952	924	8	2008	2008	NUM
cblr-2952	924	9	,	,	PUNCT
cblr-2952	924	10	powershares	powershare	NOUN
cblr-2952	924	11	had	have	VERB
cblr-2952	924	12	$	$	SYM
cblr-2952	924	13	121.4	121.4	NUM
cblr-2952	924	14	million	million	NUM
cblr-2952	924	15	invested	invest	VERB
cblr-2952	924	16	in	in	ADP
cblr-2952	924	17	it	it	PRON
cblr-2952	924	18	.	.	PUNCT
cblr-2952	925	1	210	210	NUM
cblr-2952	925	2	powershares	powershare	NOUN
cblr-2952	925	3	is	be	AUX
cblr-2952	925	4	thus	thus	ADV
cblr-2952	925	5	far	far	ADV
cblr-2952	925	6	the	the	DET
cblr-2952	925	7	only	only	ADJ
cblr-2952	925	8	u.s	u.s	PROPN
cblr-2952	925	9	.	.	PROPN
cblr-2952	925	10	private	private	ADJ
cblr-2952	925	11	equity	equity	NOUN
cblr-2952	925	12	derivative	derivative	ADJ
cblr-2952	925	13	etf	etf	NOUN
cblr-2952	925	14	,	,	PUNCT
cblr-2952	925	15	although	although	SCONJ
cblr-2952	925	16	a	a	DET
cblr-2952	925	17	number	number	NOUN
cblr-2952	925	18	of	of	ADP
cblr-2952	925	19	these	these	PRON
cblr-2952	925	20	exist	exist	VERB
cblr-2952	925	21	in	in	ADP
cblr-2952	925	22	europe	europe	PROPN
cblr-2952	925	23	where	where	SCONJ
cblr-2952	925	24	they	they	PRON
cblr-2952	925	25	can	can	AUX
cblr-2952	925	26	include	include	VERB
cblr-2952	925	27	actual	actual	ADJ
cblr-2952	925	28	private	private	ADJ
cblr-2952	925	29	equity	equity	NOUN
cblr-2952	925	30	funds	fund	NOUN
cblr-2952	925	31	in	in	ADP
cblr-2952	925	32	their	their	PRON
cblr-2952	925	33	component	component	NOUN
cblr-2952	925	34	investments	investment	NOUN
cblr-2952	925	35	.	.	PUNCT
cblr-2952	926	1	21	21	NUM
cblr-2952	926	2	'	'	PUNCT
cblr-2952	926	3	however	however	ADV
cblr-2952	926	4	,	,	PUNCT
cblr-2952	926	5	there	there	PRON
cblr-2952	926	6	does	do	AUX
cblr-2952	926	7	exist	exist	VERB
cblr-2952	926	8	in	in	ADP
cblr-2952	926	9	the	the	DET
cblr-2952	926	10	united	united	PROPN
cblr-2952	926	11	states	states	PROPN
cblr-2952	926	12	multiple	multiple	ADJ
cblr-2952	926	13	single	single	ADJ
cblr-2952	926	14	strategy	strategy	NOUN
cblr-2952	926	15	"	"	PUNCT
cblr-2952	926	16	hedge	hedge	NOUN
cblr-2952	926	17	fund	fund	NOUN
cblr-2952	926	18	-	-	PUNCT
cblr-2952	926	19	type	type	NOUN
cblr-2952	926	20	"	"	PUNCT
cblr-2952	926	21	etfs.212	etfs.212	NOUN
cblr-2952	926	22	206	206	NUM
cblr-2952	926	23	the	the	DET
cblr-2952	926	24	second	second	ADJ
cblr-2952	926	25	was	be	AUX
cblr-2952	926	26	an	an	DET
cblr-2952	926	27	offering	offering	NOUN
cblr-2952	926	28	by	by	ADP
cblr-2952	926	29	compass	compass	ADJ
cblr-2952	926	30	diversified	diversify	VERB
cblr-2952	926	31	trust	trust	NOUN
cblr-2952	926	32	which	which	PRON
cblr-2952	926	33	raised	raise	VERB
cblr-2952	926	34	$	$	SYM
cblr-2952	926	35	232.875	232.875	NUM
cblr-2952	926	36	million	million	NUM
cblr-2952	926	37	.	.	PUNCT
cblr-2952	927	1	see	see	VERB
cblr-2952	927	2	compass	compass	ADJ
cblr-2952	927	3	diversified	diversify	VERB
cblr-2952	927	4	trust	trust	NOUN
cblr-2952	927	5	,	,	PUNCT
cblr-2952	927	6	prospectus	prospectus	NOUN
cblr-2952	927	7	,	,	PUNCT
cblr-2952	927	8	at	at	ADP
cblr-2952	927	9	1	1	NUM
cblr-2952	927	10	(	(	PUNCT
cblr-2952	927	11	may	may	PROPN
cblr-2952	927	12	16	16	NUM
cblr-2952	927	13	,	,	PUNCT
cblr-2952	927	14	2006	2006	NUM
cblr-2952	927	15	)	)	PUNCT
cblr-2952	927	16	.	.	PUNCT
cblr-2952	928	1	207	207	NUM
cblr-2952	928	2	see	see	VERB
cblr-2952	928	3	macquarie	macquarie	PROPN
cblr-2952	928	4	infrastructure	infrastructure	PROPN
cblr-2952	928	5	company	company	PROPN
cblr-2952	928	6	trust	trust	PROPN
cblr-2952	928	7	,	,	PUNCT
cblr-2952	928	8	prospectus	prospectus	NOUN
cblr-2952	928	9	,	,	PUNCT
cblr-2952	928	10	at	at	ADP
cblr-2952	928	11	1	1	NUM
cblr-2952	928	12	(	(	PUNCT
cblr-2952	928	13	dec	dec	PROPN
cblr-2952	928	14	.	.	PROPN
cblr-2952	928	15	21	21	NUM
cblr-2952	928	16	,	,	PUNCT
cblr-2952	928	17	2004	2004	NUM
cblr-2952	928	18	)	)	PUNCT
cblr-2952	928	19	.	.	PUNCT
cblr-2952	929	1	208	208	NUM
cblr-2952	929	2	see	see	VERB
cblr-2952	929	3	zochowski	zochowski	NOUN
cblr-2952	929	4	,	,	PUNCT
cblr-2952	929	5	supra	supra	PROPN
cblr-2952	929	6	note	note	NOUN
cblr-2952	929	7	204	204	NUM
cblr-2952	929	8	(	(	PUNCT
cblr-2952	929	9	stating	state	VERB
cblr-2952	929	10	that	that	SCONJ
cblr-2952	929	11	stac	stac	PROPN
cblr-2952	929	12	's	's	PART
cblr-2952	929	13	"	"	PUNCT
cblr-2952	929	14	success	success	NOUN
cblr-2952	929	15	to	to	ADP
cblr-2952	929	16	date	date	NOUN
cblr-2952	929	17	is	be	AUX
cblr-2952	929	18	impressive	impressive	ADJ
cblr-2952	929	19	,	,	PUNCT
cblr-2952	929	20	and	and	CCONJ
cblr-2952	929	21	they	they	PRON
cblr-2952	929	22	are	be	AUX
cblr-2952	929	23	gaining	gain	VERB
cblr-2952	929	24	substantial	substantial	ADJ
cblr-2952	929	25	recognition	recognition	NOUN
cblr-2952	929	26	by	by	ADP
cblr-2952	929	27	pe	pe	PROPN
cblr-2952	929	28	managers	manager	NOUN
cblr-2952	929	29	and	and	CCONJ
cblr-2952	929	30	investment	investment	NOUN
cblr-2952	929	31	banks	bank	NOUN
cblr-2952	929	32	"	"	PUNCT
cblr-2952	929	33	)	)	PUNCT
cblr-2952	929	34	.	.	PUNCT
cblr-2952	930	1	209	209	NUM
cblr-2952	930	2	see	see	VERB
cblr-2952	930	3	http://www.powershares.com/products.aspx?ticker=psp	http://www.powershares.com/products.aspx?ticker=psp	PROPN
cblr-2952	930	4	(	(	PUNCT
cblr-2952	930	5	last	last	ADV
cblr-2952	930	6	visited	visit	VERB
cblr-2952	930	7	feb	feb	PROPN
cblr-2952	930	8	.	.	PROPN
cblr-2952	930	9	4	4	NUM
cblr-2952	930	10	,	,	PUNCT
cblr-2952	930	11	2008	2008	NUM
cblr-2952	930	12	)	)	PUNCT
cblr-2952	930	13	;	;	PUNCT
cblr-2952	930	14	see	see	VERB
cblr-2952	930	15	also	also	ADV
cblr-2952	930	16	katie	katie	PROPN
cblr-2952	930	17	benner	benner	PROPN
cblr-2952	930	18	,	,	PUNCT
cblr-2952	930	19	private	private	ADJ
cblr-2952	930	20	equity	equity	NOUN
cblr-2952	930	21	comes	come	VERB
cblr-2952	930	22	to	to	ADP
cblr-2952	930	23	the	the	DET
cblr-2952	930	24	masses	masse	NOUN
cblr-2952	930	25	,	,	PUNCT
cblr-2952	930	26	thestreet.com	thestreet.com	X
cblr-2952	930	27	,	,	PUNCT
cblr-2952	930	28	sept	sept	PROPN
cblr-2952	930	29	15	15	NUM
cblr-2952	930	30	,	,	PUNCT
cblr-2952	930	31	2006	2006	NUM
cblr-2952	930	32	,	,	PUNCT
cblr-2952	930	33	http://www.thestreet.com/funds/etf/10309152.html	http://www.thestreet.com/funds/etf/10309152.html	PROPN
cblr-2952	930	34	(	(	PUNCT
cblr-2952	930	35	stating	state	VERB
cblr-2952	930	36	"	"	PUNCT
cblr-2952	930	37	retail	retail	ADJ
cblr-2952	930	38	investors	investor	NOUN
cblr-2952	930	39	can	can	AUX
cblr-2952	930	40	soon	soon	ADV
cblr-2952	930	41	get	get	VERB
cblr-2952	930	42	in	in	ADP
cblr-2952	930	43	the	the	DET
cblr-2952	930	44	[	[	X
cblr-2952	930	45	private	private	ADJ
cblr-2952	930	46	equity	equity	NOUN
cblr-2952	930	47	]	]	PUNCT
cblr-2952	930	48	game	game	NOUN
cblr-2952	930	49	with	with	ADP
cblr-2952	930	50	an	an	DET
cblr-2952	930	51	exchange	exchange	NOUN
cblr-2952	930	52	-	-	PUNCT
cblr-2952	930	53	traded	trade	VERB
cblr-2952	930	54	fund	fund	NOUN
cblr-2952	930	55	tracking	track	VERB
cblr-2952	930	56	private	private	ADJ
cblr-2952	930	57	equity	equity	NOUN
cblr-2952	930	58	investments	investment	NOUN
cblr-2952	930	59	"	"	PUNCT
cblr-2952	930	60	)	)	PUNCT
cblr-2952	930	61	(	(	PUNCT
cblr-2952	930	62	last	last	ADJ
cblr-2952	930	63	visited	visit	VERB
cblr-2952	930	64	feb	feb	PROPN
cblr-2952	930	65	.	.	PROPN
cblr-2952	930	66	4	4	NUM
cblr-2952	930	67	,	,	PUNCT
cblr-2952	930	68	2008	2008	NUM
cblr-2952	930	69	)	)	PUNCT
cblr-2952	930	70	.	.	PUNCT
cblr-2952	931	1	210	210	NUM
cblr-2952	931	2	see	see	VERB
cblr-2952	931	3	http://www.powershares.com/products.aspx?ticker=psp	http://www.powershares.com/products.aspx?ticker=psp	PROPN
cblr-2952	931	4	(	(	PUNCT
cblr-2952	931	5	last	last	ADV
cblr-2952	931	6	visited	visit	VERB
cblr-2952	931	7	feb	feb	PROPN
cblr-2952	931	8	.	.	PROPN
cblr-2952	931	9	4	4	NUM
cblr-2952	931	10	,	,	PUNCT
cblr-2952	931	11	2008	2008	NUM
cblr-2952	931	12	)	)	PUNCT
cblr-2952	931	13	.	.	PUNCT
cblr-2952	932	1	211	211	NUM
cblr-2952	932	2	see	see	VERB
cblr-2952	932	3	,	,	PUNCT
cblr-2952	932	4	e.g.	e.g.	ADV
cblr-2952	932	5	,	,	PUNCT
cblr-2952	932	6	steve	steve	PROPN
cblr-2952	932	7	johnson	johnson	PROPN
cblr-2952	932	8	,	,	PUNCT
cblr-2952	932	9	bgi	bgi	PROPN
cblr-2952	932	10	to	to	PART
cblr-2952	932	11	launch	launch	VERB
cblr-2952	932	12	buy	buy	VERB
cblr-2952	932	13	-	-	PUNCT
cblr-2952	932	14	out	out	ADP
cblr-2952	932	15	etf	etf	NOUN
cblr-2952	932	16	,	,	PUNCT
cblr-2952	932	17	fin	fin	NOUN
cblr-2952	932	18	.	.	PUNCT
cblr-2952	932	19	times	times	PROPN
cblr-2952	932	20	,	,	PUNCT
cblr-2952	932	21	mar	mar	PROPN
cblr-2952	932	22	.	.	PROPN
cblr-2952	932	23	19	19	NUM
cblr-2952	932	24	,	,	PUNCT
cblr-2952	932	25	2007	2007	NUM
cblr-2952	932	26	(	(	PUNCT
cblr-2952	932	27	reporting	report	VERB
cblr-2952	932	28	that	that	SCONJ
cblr-2952	932	29	"	"	PUNCT
cblr-2952	932	30	barclays	barclay	NOUN
cblr-2952	932	31	global	global	ADJ
cblr-2952	932	32	investors	investor	NOUN
cblr-2952	932	33	will	will	AUX
cblr-2952	932	34	tomorrow	tomorrow	NOUN
cblr-2952	932	35	launch	launch	VERB
cblr-2952	932	36	the	the	DET
cblr-2952	932	37	first	first	ADJ
cblr-2952	932	38	exchange	exchange	NOUN
cblr-2952	932	39	traded	trade	VERB
cblr-2952	932	40	fund	fund	NOUN
cblr-2952	932	41	based	base	VERB
cblr-2952	932	42	on	on	ADP
cblr-2952	932	43	standard	standard	PROPN
cblr-2952	932	44	&	&	CCONJ
cblr-2952	932	45	poor	poor	PROPN
cblr-2952	932	46	's	's	PART
cblr-2952	932	47	listed	list	VERB
cblr-2952	932	48	private	private	ADJ
cblr-2952	932	49	equity	equity	NOUN
cblr-2952	932	50	index	index	NOUN
cblr-2952	932	51	,	,	PUNCT
cblr-2952	932	52	which	which	PRON
cblr-2952	932	53	was	be	AUX
cblr-2952	932	54	itself	itself	PRON
cblr-2952	932	55	unveiled	unveil	VERB
cblr-2952	932	56	only	only	ADV
cblr-2952	932	57	a	a	DET
cblr-2952	932	58	week	week	NOUN
cblr-2952	932	59	ago	ago	ADV
cblr-2952	932	60	"	"	PUNCT
cblr-2952	932	61	)	)	PUNCT
cblr-2952	932	62	.	.	PUNCT
cblr-2952	933	1	212	212	NUM
cblr-2952	933	2	a	a	DET
cblr-2952	933	3	perusal	perusal	NOUN
cblr-2952	933	4	of	of	ADP
cblr-2952	933	5	the	the	DET
cblr-2952	933	6	full	full	ADJ
cblr-2952	933	7	list	list	NOUN
cblr-2952	933	8	of	of	ADP
cblr-2952	933	9	all	all	DET
cblr-2952	933	10	existent	existent	ADJ
cblr-2952	933	11	etfs	etfs	NOUN
cblr-2952	933	12	finds	find	VERB
cblr-2952	933	13	numerous	numerous	ADJ
cblr-2952	933	14	"	"	PUNCT
cblr-2952	933	15	hedge	hedge	NOUN
cblr-2952	933	16	fund	fund	NOUN
cblr-2952	933	17	-	-	PUNCT
cblr-2952	933	18	type	type	NOUN
cblr-2952	933	19	"	"	PUNCT
cblr-2952	933	20	etfs	etfs	NOUN
cblr-2952	933	21	such	such	ADJ
cblr-2952	933	22	as	as	ADP
cblr-2952	933	23	ipath	ipath	PROPN
cblr-2952	933	24	jpy	jpy	PROPN
cblr-2952	933	25	/	/	SYM
cblr-2952	933	26	usd	usd	NOUN
cblr-2952	933	27	exchange	exchange	NOUN
cblr-2952	933	28	rate	rate	NOUN
cblr-2952	933	29	etn	etn	PROPN
cblr-2952	933	30	,	,	PUNCT
cblr-2952	933	31	oil	oil	NOUN
cblr-2952	933	32	serno	serno	NOUN
cblr-2952	933	33	.	.	PUNCT
cblr-2952	934	1	1	1	NUM
cblr-2952	934	2	:	:	SYM
cblr-2952	934	3	172	172	NUM
cblr-2952	934	4	]	]	PUNCT
cblr-2952	934	5	columbia	columbia	PROPN
cblr-2952	934	6	business	business	PROPN
cblr-2952	934	7	law	law	PROPN
cblr-2952	934	8	review	review	VERB
cblr-2952	934	9	many	many	ADJ
cblr-2952	934	10	investment	investment	NOUN
cblr-2952	934	11	advisers	adviser	NOUN
cblr-2952	934	12	now	now	ADV
cblr-2952	934	13	also	also	ADV
cblr-2952	934	14	recommend	recommend	VERB
cblr-2952	934	15	that	that	SCONJ
cblr-2952	934	16	clients	client	NOUN
cblr-2952	934	17	use	use	VERB
cblr-2952	934	18	these	these	DET
cblr-2952	934	19	single	single	ADJ
cblr-2952	934	20	-	-	PUNCT
cblr-2952	934	21	product	product	NOUN
cblr-2952	934	22	etfs	etfs	NOUN
cblr-2952	934	23	if	if	SCONJ
cblr-2952	934	24	they	they	PRON
cblr-2952	934	25	want	want	VERB
cblr-2952	934	26	to	to	PART
cblr-2952	934	27	"	"	PUNCT
cblr-2952	934	28	build	build	VERB
cblr-2952	934	29	their	their	PRON
cblr-2952	934	30	own	own	ADJ
cblr-2952	934	31	"	"	PUNCT
cblr-2952	934	32	hedge	hedge	NOUN
cblr-2952	934	33	fund.213	fund.213	NOUN
cblr-2952	934	34	these	these	DET
cblr-2952	934	35	etfs	etfs	PROPN
cblr-2952	934	36	are	be	AUX
cblr-2952	934	37	also	also	ADV
cblr-2952	934	38	often	often	ADV
cblr-2952	934	39	based	base	VERB
cblr-2952	934	40	on	on	ADP
cblr-2952	934	41	index	index	NOUN
cblr-2952	934	42	products	product	NOUN
cblr-2952	934	43	which	which	PRON
cblr-2952	934	44	attempt	attempt	VERB
cblr-2952	934	45	to	to	PART
cblr-2952	934	46	achieve	achieve	VERB
cblr-2952	934	47	similar	similar	ADJ
cblr-2952	934	48	returns	return	NOUN
cblr-2952	934	49	.	.	PUNCT
cblr-2952	935	1	for	for	ADP
cblr-2952	935	2	example	example	NOUN
cblr-2952	935	3	,	,	PUNCT
cblr-2952	935	4	the	the	DET
cblr-2952	935	5	red	red	ADJ
cblr-2952	935	6	rock	rock	NOUN
cblr-2952	935	7	listed	list	VERB
cblr-2952	935	8	private	private	ADJ
cblr-2952	935	9	equity	equity	NOUN
cblr-2952	935	10	index,214	index,214	PROPN
cblr-2952	935	11	is	be	AUX
cblr-2952	935	12	the	the	DET
cblr-2952	935	13	baseline	baseline	ADJ
cblr-2952	935	14	index	index	NOUN
cblr-2952	935	15	for	for	ADP
cblr-2952	935	16	the	the	DET
cblr-2952	935	17	powershares	powershare	NOUN
cblr-2952	935	18	etf	etf	NOUN
cblr-2952	935	19	.	.	PUNCT
cblr-2952	936	1	the	the	DET
cblr-2952	936	2	red	red	PROPN
cblr-2952	936	3	rock	rock	NOUN
cblr-2952	936	4	index	index	NOUN
cblr-2952	936	5	is	be	AUX
cblr-2952	936	6	promoted	promote	VERB
cblr-2952	936	7	as	as	ADP
cblr-2952	936	8	"	"	PUNCT
cblr-2952	936	9	a	a	DET
cblr-2952	936	10	means	means	NOUN
cblr-2952	936	11	to	to	PART
cblr-2952	936	12	track	track	VERB
cblr-2952	936	13	the	the	DET
cblr-2952	936	14	performance	performance	NOUN
cblr-2952	936	15	of	of	ADP
cblr-2952	936	16	private	private	ADJ
cblr-2952	936	17	equity	equity	NOUN
cblr-2952	936	18	firms	firm	NOUN
cblr-2952	936	19	.	.	PUNCT
cblr-2952	937	1	"215	"215	NOUN
cblr-2952	937	2	one	one	NUM
cblr-2952	937	3	estimate	estimate	NOUN
cblr-2952	937	4	lists	list	VERB
cblr-2952	937	5	twenty	twenty	NUM
cblr-2952	937	6	-	-	PUNCT
cblr-2952	937	7	one	one	NUM
cblr-2952	937	8	such	such	ADJ
cblr-2952	937	9	indexes	index	NOUN
cblr-2952	937	10	for	for	ADP
cblr-2952	937	11	hedge	hedge	NOUN
cblr-2952	937	12	funds	fund	NOUN
cblr-2952	937	13	such	such	ADJ
cblr-2952	937	14	as	as	ADP
cblr-2952	937	15	the	the	DET
cblr-2952	937	16	merrill	merrill	PROPN
cblr-2952	937	17	lynch	lynch	PROPN
cblr-2952	937	18	equity	equity	PROPN
cblr-2952	937	19	volatility	volatility	PROPN
cblr-2952	937	20	arbitrage	arbitrage	NOUN
cblr-2952	937	21	index	index	NOUN
cblr-2952	937	22	which	which	PRON
cblr-2952	937	23	attempts	attempt	VERB
cblr-2952	937	24	to	to	PART
cblr-2952	937	25	replicate	replicate	VERB
cblr-2952	937	26	the	the	DET
cblr-2952	937	27	returns	return	NOUN
cblr-2952	937	28	of	of	ADP
cblr-2952	937	29	an	an	DET
cblr-2952	937	30	s&p	s&p	PROPN
cblr-2952	937	31	500	500	NUM
cblr-2952	937	32	volatility	volatility	NOUN
cblr-2952	937	33	arbitrage	arbitrage	NOUN
cblr-2952	937	34	strategy	strategy	NOUN
cblr-2952	937	35	and	and	CCONJ
cblr-2952	937	36	has	have	VERB
cblr-2952	937	37	a	a	DET
cblr-2952	937	38	related	relate	VERB
cblr-2952	937	39	etf.216	etf.216	NOUN
cblr-2952	937	40	a	a	DET
cblr-2952	937	41	number	number	NOUN
cblr-2952	937	42	of	of	ADP
cblr-2952	937	43	academics	academic	NOUN
cblr-2952	937	44	have	have	AUX
cblr-2952	937	45	also	also	ADV
cblr-2952	937	46	recently	recently	ADV
cblr-2952	937	47	published	publish	VERB
cblr-2952	937	48	papers	paper	NOUN
cblr-2952	937	49	setting	set	VERB
cblr-2952	937	50	vices	vice	NOUN
cblr-2952	937	51	holdrs	holdr	NOUN
cblr-2952	937	52	,	,	PUNCT
cblr-2952	937	53	and	and	CCONJ
cblr-2952	937	54	powershares	powershare	NOUN
cblr-2952	937	55	dwa	dwa	VERB
cblr-2952	937	56	technical	technical	ADJ
cblr-2952	937	57	leaders	leader	NOUN
cblr-2952	937	58	.	.	PUNCT
cblr-2952	938	1	for	for	ADP
cblr-2952	938	2	a	a	DET
cblr-2952	938	3	full	full	ADJ
cblr-2952	938	4	list	list	NOUN
cblr-2952	938	5	of	of	ADP
cblr-2952	938	6	u.s.-listed	u.s.-listed	ADJ
cblr-2952	938	7	etfs	etfs	NOUN
cblr-2952	938	8	,	,	PUNCT
cblr-2952	938	9	see	see	VERB
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cblr-2952	938	11	.	.	PUNCT
cblr-2952	939	1	html?topnum	html?topnum	PROPN
cblr-2952	940	1	=	=	NOUN
cblr-2952	940	2	all&lastrecnum=1000&curfield=8&fsection	all&lastrecnum=1000&curfield=8&fsection	NOUN
cblr-2952	940	3	=	=	NOUN
cblr-2952	940	4	etfs&lpos	etfs&lpo	NOUN
cblr-2952	940	5	=	=	NOUN
cblr-2952	940	6	fi	fi	NOUN
cblr-2952	940	7	ndamutualfund	ndamutualfund	NOUN
cblr-2952	940	8	(	(	PUNCT
cblr-2952	940	9	last	last	ADJ
cblr-2952	940	10	visited	visit	VERB
cblr-2952	940	11	feb	feb	PROPN
cblr-2952	940	12	.	.	PROPN
cblr-2952	940	13	4	4	NUM
cblr-2952	940	14	,	,	PUNCT
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cblr-2952	940	16	)	)	PUNCT
cblr-2952	940	17	.	.	PUNCT
cblr-2952	941	1	"	"	PUNCT
cblr-2952	941	2	'	'	PUNCT
cblr-2952	941	3	see	see	VERB
cblr-2952	941	4	,	,	PUNCT
cblr-2952	941	5	e.g.	e.g.	ADV
cblr-2952	941	6	,	,	PUNCT
cblr-2952	941	7	timothy	timothy	PROPN
cblr-2952	941	8	middleton	middleton	PROPN
cblr-2952	941	9	,	,	PUNCT
cblr-2952	941	10	build	build	VERB
cblr-2952	941	11	your	your	PRON
cblr-2952	941	12	own	own	ADJ
cblr-2952	941	13	hedge	hedge	NOUN
cblr-2952	941	14	fund	fund	NOUN
cblr-2952	941	15	,	,	PUNCT
cblr-2952	941	16	msnmoney	msnmoney	NOUN
cblr-2952	941	17	,	,	PUNCT
cblr-2952	941	18	jan	jan	PROPN
cblr-2952	941	19	.	.	PROPN
cblr-2952	941	20	24	24	NUM
cblr-2952	941	21	,	,	PUNCT
cblr-2952	941	22	2006	2006	NUM
cblr-2952	941	23	,	,	PUNCT
cblr-2952	941	24	available	available	ADJ
cblr-2952	941	25	at	at	ADP
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cblr-2952	942	12	,	,	PUNCT
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cblr-2952	943	1	week	week	NOUN
cblr-2952	943	2	,	,	PUNCT
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cblr-2952	943	4	.	.	PROPN
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cblr-2952	943	6	,	,	PUNCT
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cblr-2952	943	8	.	.	PUNCT
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cblr-2952	944	3	,	,	PUNCT
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cblr-2952	944	8	,	,	PUNCT
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cblr-2952	944	18	listed	list	VERB
cblr-2952	944	19	private	private	ADJ
cblr-2952	944	20	equity	equity	NOUN
cblr-2952	944	21	etf	etf	NOUN
cblr-2952	944	22	,	,	PUNCT
cblr-2952	944	23	(	(	PUNCT
cblr-2952	944	24	oct	oct	PROPN
cblr-2952	944	25	.	.	PROPN
cblr-2952	944	26	17	17	NUM
cblr-2952	944	27	,	,	PUNCT
cblr-2952	944	28	2006	2006	NUM
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cblr-2952	944	30	,	,	PUNCT
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cblr-2952	944	32	at	at	ADP
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cblr-2952	944	34	:	:	PUNCT
cblr-2952	944	35	www.powershares.com/news/pdf/nr%2520101706%2520rr%2520private	www.powershares.com/news/pdf/nr%2520101706%2520rr%2520private	ADJ
cblr-2952	944	36	%	%	NOUN
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cblr-2952	944	43	=	=	SYM
cblr-2952	944	44	us	us	PROPN
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cblr-2952	944	47	visited	visit	VERB
cblr-2952	944	48	aug	aug	PROPN
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cblr-2952	944	51	,	,	PUNCT
cblr-2952	944	52	2007	2007	NUM
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cblr-2952	945	1	211	211	NUM
cblr-2952	945	2	see	see	VERB
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cblr-2952	945	4	release	release	NOUN
cblr-2952	945	5	,	,	PUNCT
cblr-2952	945	6	merrill	merrill	PROPN
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cblr-2952	945	16	index	index	NOUN
cblr-2952	945	17	"	"	PUNCT
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cblr-2952	945	23	,	,	PUNCT
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cblr-2952	945	33	(	(	PUNCT
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cblr-2952	949	1	[	[	X
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cblr-2952	951	41	as	as	ADP
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cblr-2952	951	45	.	.	PUNCT
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cblr-2952	953	38	&	&	CCONJ
cblr-2952	953	39	helder	helder	PROPN
cblr-2952	953	40	p.	p.	PROPN
cblr-2952	953	41	palaro	palaro	PROPN
cblr-2952	953	42	,	,	PUNCT
cblr-2952	953	43	who	who	PRON
cblr-2952	953	44	needs	need	VERB
cblr-2952	953	45	hedge	hedge	NOUN
cblr-2952	953	46	funds	fund	NOUN
cblr-2952	953	47	?	?	PUNCT
cblr-2952	954	1	a	a	DET
cblr-2952	954	2	copula	copula	NOUN
cblr-2952	954	3	-	-	PUNCT
cblr-2952	954	4	based	base	VERB
cblr-2952	954	5	approach	approach	NOUN
cblr-2952	954	6	to	to	PART
cblr-2952	954	7	hedge	hedge	NOUN
cblr-2952	954	8	fund	fund	NOUN
cblr-2952	954	9	return	return	NOUN
cblr-2952	954	10	replication	replication	NOUN
cblr-2952	954	11	(	(	PUNCT
cblr-2952	954	12	nov	nov	PROPN
cblr-2952	954	13	.	.	PROPN
cblr-2952	954	14	23	23	NUM
cblr-2952	954	15	,	,	PUNCT
cblr-2952	954	16	2005	2005	NUM
cblr-2952	954	17	)	)	PUNCT
cblr-2952	954	18	,	,	PUNCT
cblr-2952	954	19	available	available	ADJ
cblr-2952	954	20	at	at	ADP
cblr-2952	954	21	http://ssrn.com/abstract=855424	http://ssrn.com/abstract=855424	NUM
cblr-2952	954	22	.	.	PROPN
cblr-2952	954	23	211	211	NUM
cblr-2952	954	24	professors	professor	NOUN
cblr-2952	954	25	kat	kat	PROPN
cblr-2952	954	26	&	&	CCONJ
cblr-2952	954	27	palaro	palaro	PROPN
cblr-2952	954	28	are	be	AUX
cblr-2952	954	29	now	now	ADV
cblr-2952	954	30	marketing	market	VERB
cblr-2952	954	31	their	their	PRON
cblr-2952	954	32	hedge	hedge	NOUN
cblr-2952	954	33	fund	fund	NOUN
cblr-2952	954	34	replication	replication	NOUN
cblr-2952	954	35	technique	technique	NOUN
cblr-2952	954	36	,	,	PUNCT
cblr-2952	954	37	known	know	VERB
cblr-2952	954	38	as	as	ADP
cblr-2952	954	39	fundcreator	fundcreator	NOUN
cblr-2952	954	40	,	,	PUNCT
cblr-2952	954	41	to	to	ADP
cblr-2952	954	42	the	the	DET
cblr-2952	954	43	general	general	ADJ
cblr-2952	954	44	public	public	NOUN
cblr-2952	954	45	.	.	PUNCT
cblr-2952	955	1	see	see	VERB
cblr-2952	955	2	http://www.fundcreator.coml	http://www.fundcreator.coml	PROPN
cblr-2952	955	3	(	(	PUNCT
cblr-2952	955	4	last	last	ADJ
cblr-2952	955	5	visited	visit	VERB
cblr-2952	955	6	feb	feb	PROPN
cblr-2952	955	7	.	.	PROPN
cblr-2952	955	8	17	17	NUM
cblr-2952	955	9	,	,	PUNCT
cblr-2952	955	10	2008	2008	NUM
cblr-2952	955	11	)	)	PUNCT
cblr-2952	955	12	.	.	PUNCT
cblr-2952	956	1	219	219	NUM
cblr-2952	956	2	see	see	VERB
cblr-2952	956	3	vikas	vikas	PROPN
cblr-2952	956	4	agarwal	agarwal	PROPN
cblr-2952	956	5	et	et	PROPN
cblr-2952	956	6	al	al	PROPN
cblr-2952	956	7	.	.	PROPN
cblr-2952	956	8	,	,	PUNCT
cblr-2952	956	9	hedge	hedge	NOUN
cblr-2952	956	10	funds	fund	NOUN
cblr-2952	956	11	for	for	ADP
cblr-2952	956	12	retail	retail	ADJ
cblr-2952	956	13	investors	investor	NOUN
cblr-2952	956	14	?	?	PUNCT
cblr-2952	957	1	an	an	DET
cblr-2952	957	2	examination	examination	NOUN
cblr-2952	957	3	of	of	ADP
cblr-2952	957	4	hedged	hedge	VERB
cblr-2952	957	5	mutual	mutual	ADJ
cblr-2952	957	6	funds	fund	NOUN
cblr-2952	957	7	(	(	PUNCT
cblr-2952	957	8	may	may	PROPN
cblr-2952	957	9	9	9	NUM
cblr-2952	957	10	,	,	PUNCT
cblr-2952	957	11	2007	2007	NUM
cblr-2952	957	12	)	)	PUNCT
cblr-2952	957	13	,	,	PUNCT
cblr-2952	957	14	available	available	ADJ
cblr-2952	957	15	at	at	ADP
cblr-2952	957	16	http://www.cfr-cologne.de/download/workingpaper/cfr-07-04.pdf	http://www.cfr-cologne.de/download/workingpaper/cfr-07-04.pdf	PROPN
cblr-2952	957	17	.	.	PROPN
cblr-2952	957	18	220	220	NUM
cblr-2952	957	19	see	see	VERB
cblr-2952	957	20	forward	forward	ADV
cblr-2952	957	21	launches	launch	VERB
cblr-2952	957	22	hedge	hedge	NOUN
cblr-2952	957	23	fund	fund	NOUN
cblr-2952	957	24	in	in	ADP
cblr-2952	957	25	sheep	sheep	NOUN
cblr-2952	957	26	's	's	PART
cblr-2952	957	27	clothing	clothing	NOUN
cblr-2952	957	28	,	,	PUNCT
cblr-2952	957	29	allabout	allabout	ADP
cblr-2952	957	30	alpha	alpha	NOUN
cblr-2952	957	31	,	,	PUNCT
cblr-2952	957	32	jan	jan	PROPN
cblr-2952	957	33	.	.	PROPN
cblr-2952	957	34	14	14	NUM
cblr-2952	957	35	,	,	PUNCT
cblr-2952	957	36	2007	2007	NUM
cblr-2952	957	37	,	,	PUNCT
cblr-2952	957	38	http://allaboutalpha.com/blog/2007/01/14/forwardlaunches-hedge-fund-in-sheeps-clothing	http://allaboutalpha.com/blog/2007/01/14/forwardlaunches-hedge-fund-in-sheeps-clothe	VERB
cblr-2952	957	39	(	(	PUNCT
cblr-2952	957	40	commenting	comment	VERB
cblr-2952	957	41	on	on	ADP
cblr-2952	957	42	forward	forward	ADJ
cblr-2952	957	43	management	management	NOUN
cblr-2952	957	44	's	's	PART
cblr-2952	957	45	launch	launch	NOUN
cblr-2952	957	46	of	of	ADP
cblr-2952	957	47	a	a	DET
cblr-2952	957	48	hedged	hedge	VERB
cblr-2952	957	49	mutual	mutual	ADJ
cblr-2952	957	50	fund	fund	NOUN
cblr-2952	957	51	and	and	CCONJ
cblr-2952	957	52	stating	state	VERB
cblr-2952	957	53	"	"	PUNCT
cblr-2952	957	54	here	here	ADV
cblr-2952	957	55	's	be	AUX
cblr-2952	957	56	an	an	DET
cblr-2952	957	57	example	example	NOUN
cblr-2952	957	58	of	of	ADP
cblr-2952	957	59	a	a	DET
cblr-2952	957	60	mutual	mutual	ADJ
cblr-2952	957	61	fund	fund	NOUN
cblr-2952	957	62	that	that	PRON
cblr-2952	957	63	is	be	AUX
cblr-2952	957	64	pursuing	pursue	VERB
cblr-2952	957	65	an	an	DET
cblr-2952	957	66	all	all	ADV
cblr-2952	957	67	-	-	PUNCT
cblr-2952	957	68	out	out	ADJ
cblr-2952	957	69	hedge	hedge	NOUN
cblr-2952	957	70	fund	fund	NOUN
cblr-2952	957	71	strategy	strategy	NOUN
cblr-2952	957	72	"	"	PUNCT
cblr-2952	957	73	)	)	PUNCT
cblr-2952	957	74	(	(	PUNCT
cblr-2952	957	75	last	last	ADJ
cblr-2952	957	76	visited	visit	VERB
cblr-2952	957	77	feb	feb	PROPN
cblr-2952	957	78	.	.	PROPN
cblr-2952	957	79	4	4	NUM
cblr-2952	957	80	,	,	PUNCT
cblr-2952	957	81	2008	2008	NUM
cblr-2952	957	82	)	)	PUNCT
cblr-2952	957	83	;	;	PUNCT
cblr-2952	957	84	phil	phil	PROPN
cblr-2952	957	85	davis	davis	PROPN
cblr-2952	957	86	,	,	PUNCT
cblr-2952	957	87	hedge	hedge	NOUN
cblr-2952	957	88	fund	fund	NOUN
cblr-2952	957	89	entrepreneurs	entrepreneur	NOUN
cblr-2952	957	90	could	could	AUX
cblr-2952	957	91	change	change	VERB
cblr-2952	957	92	retail	retail	ADJ
cblr-2952	957	93	landscape	landscape	NOUN
cblr-2952	957	94	,	,	PUNCT
cblr-2952	957	95	fin	fin	NOUN
cblr-2952	957	96	.	.	PUNCT
cblr-2952	958	1	times	times	PROPN
cblr-2952	958	2	(	(	PUNCT
cblr-2952	958	3	u.k	u.k	PROPN
cblr-2952	958	4	.	.	PROPN
cblr-2952	958	5	)	)	PUNCT
cblr-2952	958	6	,	,	PUNCT
cblr-2952	958	7	apr	apr	PROPN
cblr-2952	958	8	.	.	PROPN
cblr-2952	958	9	17	17	NUM
cblr-2952	958	10	,	,	PUNCT
cblr-2952	958	11	2006	2006	NUM
cblr-2952	958	12	(	(	PUNCT
cblr-2952	958	13	reporting	report	VERB
cblr-2952	958	14	that	that	SCONJ
cblr-2952	958	15	hedged	hedge	VERB
cblr-2952	958	16	mutual	mutual	ADJ
cblr-2952	958	17	funds	fund	NOUN
cblr-2952	958	18	"	"	PUNCT
cblr-2952	958	19	known	know	VERB
cblr-2952	958	20	as	as	ADP
cblr-2952	958	21	'	'	PUNCT
cblr-2952	958	22	poor	poor	ADJ
cblr-2952	958	23	man	man	NOUN
cblr-2952	958	24	's	's	PART
cblr-2952	958	25	hedge	hedge	NOUN
cblr-2952	958	26	funds	fund	NOUN
cblr-2952	958	27	,	,	PUNCT
cblr-2952	958	28	'	'	PUNCT
cblr-2952	958	29	are	be	AUX
cblr-2952	958	30	becoming	become	VERB
cblr-2952	958	31	increasingly	increasingly	ADV
cblr-2952	958	32	popular	popular	ADJ
cblr-2952	958	33	in	in	ADP
cblr-2952	958	34	the	the	DET
cblr-2952	958	35	united	united	PROPN
cblr-2952	958	36	states	states	PROPN
cblr-2952	958	37	"	"	PUNCT
cblr-2952	958	38	)	)	PUNCT
cblr-2952	958	39	;	;	PUNCT
cblr-2952	959	1	frederick	frederick	PROPN
cblr-2952	959	2	p.	p.	PROPN
cblr-2952	959	3	gabriel	gabriel	PROPN
cblr-2952	959	4	jr	jr	PROPN
cblr-2952	959	5	.	.	PROPN
cblr-2952	959	6	,	,	PUNCT
cblr-2952	959	7	more	more	ADJ
cblr-2952	959	8	mutual	mutual	ADJ
cblr-2952	959	9	fund	fund	NOUN
cblr-2952	959	10	firms	firm	NOUN
cblr-2952	959	11	add	add	VERB
cblr-2952	959	12	portfolios	portfolio	NOUN
cblr-2952	959	13	that	that	PRON
cblr-2952	959	14	employ	employ	VERB
cblr-2952	959	15	hedging	hedging	NOUN
cblr-2952	959	16	,	,	PUNCT
cblr-2952	959	17	invm't	invm't	ADP
cblr-2952	959	18	news	news	NOUN
cblr-2952	959	19	,	,	PUNCT
cblr-2952	959	20	jan	jan	PROPN
cblr-2952	959	21	.	.	PROPN
cblr-2952	959	22	23	23	NUM
cblr-2952	959	23	,	,	PUNCT
cblr-2952	959	24	2006	2006	NUM
cblr-2952	959	25	,	,	PUNCT
cblr-2952	959	26	at	at	ADP
cblr-2952	959	27	3	3	NUM
cblr-2952	959	28	(	(	PUNCT
cblr-2952	959	29	reporting	report	VERB
cblr-2952	959	30	that	that	SCONJ
cblr-2952	959	31	"	"	PUNCT
cblr-2952	959	32	[	[	X
cblr-2952	959	33	i]n	i]n	VERB
cblr-2952	959	34	an	an	DET
cblr-2952	959	35	effort	effort	NOUN
cblr-2952	959	36	to	to	PART
cblr-2952	959	37	get	get	VERB
cblr-2952	959	38	in	in	ADP
cblr-2952	959	39	on	on	ADP
cblr-2952	959	40	the	the	DET
cblr-2952	959	41	rising	rise	VERB
cblr-2952	959	42	popularity	popularity	NOUN
cblr-2952	959	43	of	of	ADP
cblr-2952	959	44	hedge	hedge	NOUN
cblr-2952	959	45	funds	fund	NOUN
cblr-2952	959	46	,	,	PUNCT
cblr-2952	959	47	"	"	PUNCT
cblr-2952	959	48	the	the	DET
cblr-2952	959	49	janus	janus	PROPN
cblr-2952	959	50	capital	capital	PROPN
cblr-2952	959	51	group	group	PROPN
cblr-2952	959	52	,	,	PUNCT
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cblr-2952	959	54	.	.	PROPN
cblr-2952	959	55	and	and	CCONJ
cblr-2952	959	56	jp	jp	PROPN
cblr-2952	959	57	morgan	morgan	PROPN
cblr-2952	959	58	chase	chase	PROPN
cblr-2952	959	59	&	&	CCONJ
cblr-2952	959	60	co.	co.	PROPN
cblr-2952	959	61	have	have	AUX
cblr-2952	959	62	launched	launch	VERB
cblr-2952	959	63	hedged	hedge	VERB
cblr-2952	959	64	mutual	mutual	ADJ
cblr-2952	959	65	funds	fund	NOUN
cblr-2952	959	66	)	)	PUNCT
cblr-2952	959	67	;	;	PUNCT
cblr-2952	959	68	russ	russ	NOUN
cblr-2952	959	69	wiles	wile	NOUN
cblr-2952	959	70	,	,	PUNCT
cblr-2952	959	71	hedged	hedge	VERB
cblr-2952	959	72	mutual	mutual	ADJ
cblr-2952	959	73	funds	fund	NOUN
cblr-2952	959	74	offer	offer	VERB
cblr-2952	959	75	defense	defense	NOUN
cblr-2952	959	76	strategy	strategy	NOUN
cblr-2952	959	77	,	,	PUNCT
cblr-2952	959	78	chi	chi	PROPN
cblr-2952	959	79	.	.	PUNCT
cblr-2952	960	1	sun	sun	PROPN
cblr-2952	960	2	times	times	PROPN
cblr-2952	960	3	,	,	PUNCT
cblr-2952	960	4	feb	feb	PROPN
cblr-2952	960	5	.	.	PROPN
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cblr-2952	960	7	,	,	PUNCT
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cblr-2952	960	9	,	,	PUNCT
cblr-2952	960	10	at	at	ADP
cblr-2952	960	11	77	77	NUM
cblr-2952	960	12	(	(	PUNCT
cblr-2952	960	13	reporting	report	VERB
cblr-2952	960	14	that	that	SCONJ
cblr-2952	960	15	"	"	PUNCT
cblr-2952	960	16	[	[	X
cblr-2952	960	17	it	it	PRON
cblr-2952	960	18	's	be	AUX
cblr-2952	960	19	the	the	DET
cblr-2952	960	20	ultimate	ultimate	ADJ
cblr-2952	960	21	in	in	ADP
cblr-2952	960	22	blue	blue	ADJ
cblr-2952	960	23	-	-	PUNCT
cblr-2952	960	24	collar	collar	NOUN
cblr-2952	960	25	snob	snob	NOUN
cblr-2952	960	26	appeal	appeal	NOUN
cblr-2952	960	27	:	:	PUNCT
cblr-2952	960	28	a	a	DET
cblr-2952	960	29	growing	grow	VERB
cblr-2952	960	30	number	number	NOUN
cblr-2952	960	31	of	of	ADP
cblr-2952	960	32	mutual	mutual	ADJ
cblr-2952	960	33	funds	fund	NOUN
cblr-2952	960	34	now	now	ADV
cblr-2952	960	35	mimic	mimic	VERB
cblr-2952	960	36	hedge	hedge	NOUN
cblr-2952	960	37	funds	fund	NOUN
cblr-2952	960	38	"	"	PUNCT
cblr-2952	960	39	)	)	PUNCT
cblr-2952	960	40	.	.	PUNCT
cblr-2952	961	1	221	221	NUM
cblr-2952	961	2	see	see	VERB
cblr-2952	961	3	dan	dan	PROPN
cblr-2952	961	4	mcneela	mcneela	PROPN
cblr-2952	961	5	,	,	PUNCT
cblr-2952	961	6	the	the	DET
cblr-2952	961	7	long	long	ADJ
cblr-2952	961	8	and	and	CCONJ
cblr-2952	961	9	short	short	ADJ
cblr-2952	961	10	of	of	ADP
cblr-2952	961	11	it	it	PRON
cblr-2952	961	12	,	,	PUNCT
cblr-2952	961	13	mar	mar	PROPN
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cblr-2952	961	15	6	6	NUM
cblr-2952	961	16	,	,	PUNCT
cblr-2952	961	17	2006	2006	NUM
cblr-2952	961	18	,	,	PUNCT
cblr-2952	961	19	http://news.morningstar.com/articlenetarticle.aspx?id=158016&_qsbpa=y	http://news.morningstar.com/articlenetarticle.aspx?id=158016&_qsbpa=y	X
cblr-2952	961	20	(	(	PUNCT
cblr-2952	961	21	"	"	PUNCT
cblr-2952	961	22	morningstar	morningstar	NOUN
cblr-2952	961	23	's	's	PART
cblr-2952	961	24	new	new	ADJ
cblr-2952	961	25	category	category	NOUN
cblr-2952	961	26	helps	help	VERB
cblr-2952	961	27	investors	investor	NOUN
cblr-2952	961	28	find	find	VERB
cblr-2952	961	29	hedge	hedge	NOUN
cblr-2952	961	30	-	-	PUNCT
cblr-2952	961	31	fund	fund	NOUN
cblr-2952	961	32	-	-	PUNCT
cblr-2952	961	33	like	like	ADJ
cblr-2952	961	34	strategies	strategy	NOUN
cblr-2952	961	35	"	"	PUNCT
cblr-2952	961	36	)	)	PUNCT
cblr-2952	961	37	(	(	PUNCT
cblr-2952	961	38	last	last	ADJ
cblr-2952	961	39	visited	visit	VERB
cblr-2952	961	40	feb	feb	PROPN
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cblr-2952	961	42	4	4	NUM
cblr-2952	961	43	,	,	PUNCT
cblr-2952	961	44	2008	2008	NUM
cblr-2952	961	45	)	)	PUNCT
cblr-2952	961	46	.	.	PUNCT
cblr-2952	962	1	no	no	INTJ
cblr-2952	962	2	.	.	PUNCT
cblr-2952	963	1	1:1721	1:1721	NUM
cblr-2952	963	2	black	black	ADJ
cblr-2952	963	3	market	market	NOUN
cblr-2952	963	4	capital	capital	NOUN
cblr-2952	963	5	cember	cember	NOUN
cblr-2952	963	6	31	31	NUM
cblr-2952	963	7	,	,	PUNCT
cblr-2952	963	8	2007	2007	NUM
cblr-2952	963	9	,	,	PUNCT
cblr-2952	963	10	there	there	PRON
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cblr-2952	963	12	162	162	NUM
cblr-2952	963	13	mutual	mutual	ADJ
cblr-2952	963	14	funds	fund	NOUN
cblr-2952	963	15	in	in	ADP
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cblr-2952	963	17	cate222	cate222	PROPN
cblr-2952	963	18	gory	gory	NOUN
cblr-2952	963	19	.	.	PUNCT
cblr-2952	964	1	v.	v.	CCONJ
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cblr-2952	964	4	,	,	PUNCT
cblr-2952	964	5	distortion	distortion	NOUN
cblr-2952	964	6	,	,	PUNCT
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cblr-2952	964	8	anticompetitiveness	anticompetitiveness	PROPN
cblr-2952	964	9	black	black	ADJ
cblr-2952	964	10	market	market	NOUN
cblr-2952	964	11	capital	capital	NOUN
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cblr-2952	964	13	thus	thus	ADV
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cblr-2952	964	15	distortive	distortive	ADJ
cblr-2952	964	16	effects	effect	NOUN
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cblr-2952	964	19	u.s	u.s	PROPN
cblr-2952	964	20	.	.	PROPN
cblr-2952	964	21	capital	capital	NOUN
cblr-2952	964	22	market	market	NOUN
cblr-2952	964	23	by	by	ADP
cblr-2952	964	24	shifting	shift	VERB
cblr-2952	964	25	capital	capital	NOUN
cblr-2952	964	26	flows	flow	NOUN
cblr-2952	964	27	into	into	ADP
cblr-2952	964	28	investments	investment	NOUN
cblr-2952	964	29	which	which	PRON
cblr-2952	964	30	attempt	attempt	VERB
cblr-2952	964	31	to	to	PART
cblr-2952	964	32	mimic	mimic	VERB
cblr-2952	964	33	the	the	DET
cblr-2952	964	34	characteristics	characteristic	NOUN
cblr-2952	964	35	of	of	ADP
cblr-2952	964	36	hedge	hedge	NOUN
cblr-2952	964	37	funds	fund	NOUN
cblr-2952	964	38	and	and	CCONJ
cblr-2952	964	39	private	private	ADJ
cblr-2952	964	40	equity	equity	NOUN
cblr-2952	964	41	.	.	PUNCT
cblr-2952	965	1	it	it	PRON
cblr-2952	965	2	has	have	AUX
cblr-2952	965	3	also	also	ADV
cblr-2952	965	4	shifted	shift	VERB
cblr-2952	965	5	capital	capital	NOUN
cblr-2952	965	6	flows	flow	NOUN
cblr-2952	965	7	to	to	ADP
cblr-2952	965	8	non	non	ADJ
cblr-2952	965	9	-	-	ADJ
cblr-2952	965	10	u.s	u.s	ADJ
cblr-2952	965	11	.	.	PROPN
cblr-2952	965	12	markets	market	NOUN
cblr-2952	965	13	where	where	SCONJ
cblr-2952	965	14	public	public	ADJ
cblr-2952	965	15	investors	investor	NOUN
cblr-2952	965	16	are	be	AUX
cblr-2952	965	17	permitted	permit	VERB
cblr-2952	965	18	to	to	PART
cblr-2952	965	19	invest	invest	VERB
cblr-2952	965	20	directly	directly	ADV
cblr-2952	965	21	in	in	ADP
cblr-2952	965	22	hedge	hedge	NOUN
cblr-2952	965	23	funds	fund	NOUN
cblr-2952	965	24	and	and	CCONJ
cblr-2952	965	25	private	private	ADJ
cblr-2952	965	26	equity	equity	NOUN
cblr-2952	965	27	.	.	PUNCT
cblr-2952	966	1	in	in	ADP
cblr-2952	966	2	this	this	DET
cblr-2952	966	3	penultimate	penultimate	NOUN
cblr-2952	966	4	part	part	NOUN
cblr-2952	966	5	,	,	PUNCT
cblr-2952	966	6	i	i	PRON
cblr-2952	966	7	discuss	discuss	VERB
cblr-2952	966	8	the	the	DET
cblr-2952	966	9	potentially	potentially	ADV
cblr-2952	966	10	economically	economically	ADV
cblr-2952	966	11	harmful	harmful	ADJ
cblr-2952	966	12	consequences	consequence	NOUN
cblr-2952	966	13	of	of	ADP
cblr-2952	966	14	black	black	ADJ
cblr-2952	966	15	market	market	NOUN
cblr-2952	966	16	capital	capital	NOUN
cblr-2952	966	17	.	.	PUNCT
cblr-2952	967	1	i	i	PRON
cblr-2952	967	2	highlight	highlight	VERB
cblr-2952	967	3	the	the	DET
cblr-2952	967	4	effect	effect	NOUN
cblr-2952	967	5	's	's	PART
cblr-2952	967	6	irrationality	irrationality	NOUN
cblr-2952	967	7	-	-	PUNCT
cblr-2952	967	8	how	how	SCONJ
cblr-2952	967	9	current	current	ADJ
cblr-2952	967	10	hedge	hedge	NOUN
cblr-2952	967	11	fund	fund	NOUN
cblr-2952	967	12	and	and	CCONJ
cblr-2952	967	13	private	private	ADJ
cblr-2952	967	14	equity	equity	NOUN
cblr-2952	967	15	regulation	regulation	NOUN
cblr-2952	967	16	drives	drive	VERB
cblr-2952	967	17	retail	retail	ADJ
cblr-2952	967	18	investment	investment	NOUN
cblr-2952	967	19	demand	demand	NOUN
cblr-2952	967	20	towards	towards	ADP
cblr-2952	967	21	arguably	arguably	ADV
cblr-2952	967	22	less	less	ADV
cblr-2952	967	23	suitable	suitable	ADJ
cblr-2952	967	24	substitute	substitute	ADJ
cblr-2952	967	25	investments	investment	NOUN
cblr-2952	967	26	.	.	PUNCT
cblr-2952	968	1	i	i	PRON
cblr-2952	968	2	conclude	conclude	VERB
cblr-2952	968	3	by	by	ADP
cblr-2952	968	4	detailing	detail	VERB
cblr-2952	968	5	the	the	DET
cblr-2952	968	6	potentially	potentially	ADV
cblr-2952	968	7	harmful	harmful	ADJ
cblr-2952	968	8	effect	effect	NOUN
cblr-2952	968	9	of	of	ADP
cblr-2952	968	10	this	this	DET
cblr-2952	968	11	regulation	regulation	NOUN
cblr-2952	968	12	on	on	ADP
cblr-2952	968	13	the	the	DET
cblr-2952	968	14	competitive	competitive	ADJ
cblr-2952	968	15	position	position	NOUN
cblr-2952	968	16	of	of	ADP
cblr-2952	968	17	the	the	DET
cblr-2952	968	18	united	united	PROPN
cblr-2952	968	19	states	states	PROPN
cblr-2952	968	20	in	in	ADP
cblr-2952	968	21	the	the	DET
cblr-2952	968	22	global	global	ADJ
cblr-2952	968	23	capital	capital	NOUN
cblr-2952	968	24	and	and	CCONJ
cblr-2952	968	25	listings	listing	NOUN
cblr-2952	968	26	markets	market	NOUN
cblr-2952	968	27	.	.	PUNCT
cblr-2952	969	1	a.	a.	NOUN
cblr-2952	969	2	black	black	ADJ
cblr-2952	969	3	market	market	NOUN
cblr-2952	969	4	capital	capital	NOUN
cblr-2952	969	5	's	's	PART
cblr-2952	969	6	irrational	irrational	ADJ
cblr-2952	969	7	and	and	CCONJ
cblr-2952	969	8	distortive	distortive	ADJ
cblr-2952	969	9	effects	effect	NOUN
cblr-2952	969	10	1	1	NUM
cblr-2952	969	11	.	.	PUNCT
cblr-2952	969	12	black	black	ADJ
cblr-2952	969	13	market	market	NOUN
cblr-2952	969	14	investments	investment	NOUN
cblr-2952	969	15	black	black	ADJ
cblr-2952	969	16	market	market	NOUN
cblr-2952	969	17	capital	capital	NOUN
cblr-2952	969	18	has	have	AUX
cblr-2952	969	19	engendered	engender	VERB
cblr-2952	969	20	the	the	DET
cblr-2952	969	21	rise	rise	NOUN
cblr-2952	969	22	of	of	ADP
cblr-2952	969	23	a	a	DET
cblr-2952	969	24	number	number	NOUN
cblr-2952	969	25	of	of	ADP
cblr-2952	969	26	alternative	alternative	ADJ
cblr-2952	969	27	investments	investment	NOUN
cblr-2952	969	28	.	.	PUNCT
cblr-2952	970	1	yet	yet	ADV
cblr-2952	970	2	,	,	PUNCT
cblr-2952	970	3	these	these	DET
cblr-2952	970	4	investment	investment	NOUN
cblr-2952	970	5	opportunities	opportunity	NOUN
cblr-2952	970	6	are	be	AUX
cblr-2952	970	7	hedge	hedge	NOUN
cblr-2952	970	8	fund	fund	NOUN
cblr-2952	970	9	or	or	CCONJ
cblr-2952	970	10	private	private	ADJ
cblr-2952	970	11	equity	equity	NOUN
cblr-2952	970	12	substitutes	substitute	NOUN
cblr-2952	970	13	and	and	CCONJ
cblr-2952	970	14	largely	largely	ADV
cblr-2952	970	15	attempt	attempt	VERB
cblr-2952	970	16	to	to	PART
cblr-2952	970	17	mimic	mimic	VERB
cblr-2952	970	18	the	the	DET
cblr-2952	970	19	characteristics	characteristic	NOUN
cblr-2952	970	20	of	of	ADP
cblr-2952	970	21	these	these	DET
cblr-2952	970	22	primary	primary	ADJ
cblr-2952	970	23	foreclosed	foreclose	VERB
cblr-2952	970	24	funds	fund	NOUN
cblr-2952	970	25	themselves	themselves	PRON
cblr-2952	970	26	.	.	PUNCT
cblr-2952	971	1	this	this	PRON
cblr-2952	971	2	is	be	AUX
cblr-2952	971	3	the	the	DET
cblr-2952	971	4	ultimate	ultimate	ADJ
cblr-2952	971	5	consequence	consequence	NOUN
cblr-2952	971	6	of	of	ADP
cblr-2952	971	7	the	the	DET
cblr-2952	971	8	structure	structure	NOUN
cblr-2952	971	9	of	of	ADP
cblr-2952	971	10	the	the	DET
cblr-2952	971	11	investment	investment	NOUN
cblr-2952	971	12	company	company	NOUN
cblr-2952	971	13	act	act	VERB
cblr-2952	971	14	and	and	CCONJ
cblr-2952	971	15	the	the	DET
cblr-2952	971	16	advisers	adviser	NOUN
cblr-2952	971	17	act	act	PROPN
cblr-2952	971	18	,	,	PUNCT
cblr-2952	971	19	the	the	DET
cblr-2952	971	20	promulgated	promulgate	VERB
cblr-2952	971	21	rules	rule	NOUN
cblr-2952	971	22	thereunder	thereunder	VERB
cblr-2952	971	23	,	,	PUNCT
cblr-2952	971	24	and	and	CCONJ
cblr-2952	971	25	the	the	DET
cblr-2952	971	26	black	black	ADJ
cblr-2952	971	27	market	market	NOUN
cblr-2952	971	28	capital	capital	NOUN
cblr-2952	971	29	effect	effect	NOUN
cblr-2952	971	30	they	they	PRON
cblr-2952	971	31	produce	produce	VERB
cblr-2952	971	32	.	.	PUNCT
cblr-2952	972	1	these	these	DET
cblr-2952	972	2	laws	law	NOUN
cblr-2952	972	3	foreclose	foreclose	VERB
cblr-2952	972	4	hedge	hedge	NOUN
cblr-2952	972	5	funds	fund	NOUN
cblr-2952	972	6	and	and	CCONJ
cblr-2952	972	7	private	private	ADJ
cblr-2952	972	8	equity	equity	NOUN
cblr-2952	972	9	fund	fund	NOUN
cblr-2952	972	10	investment	investment	NOUN
cblr-2952	972	11	,	,	PUNCT
cblr-2952	972	12	but	but	CCONJ
cblr-2952	972	13	permit	permit	VERB
cblr-2952	972	14	black	black	ADJ
cblr-2952	972	15	market	market	NOUN
cblr-2952	972	16	substitute	substitute	NOUN
cblr-2952	972	17	investments	investment	NOUN
cblr-2952	972	18	and	and	CCONJ
cblr-2952	972	19	markets	market	NOUN
cblr-2952	972	20	.	.	PUNCT
cblr-2952	973	1	this	this	PRON
cblr-2952	973	2	is	be	AUX
cblr-2952	973	3	largely	largely	ADV
cblr-2952	973	4	a	a	DET
cblr-2952	973	5	regulatory	regulatory	ADJ
cblr-2952	973	6	accident	accident	NOUN
cblr-2952	973	7	.	.	PUNCT
cblr-2952	974	1	the	the	DET
cblr-2952	974	2	sec	sec	PROPN
cblr-2952	974	3	has	have	AUX
cblr-2952	974	4	never	never	ADV
cblr-2952	974	5	publicly	publicly	ADV
cblr-2952	974	6	222	222	NUM
cblr-2952	974	7	see	see	NOUN
cblr-2952	974	8	morningstar	morningstar	NOUN
cblr-2952	974	9	,	,	PUNCT
cblr-2952	974	10	http://news.morningstar.com/fundreturns/fund	http://news.morningstar.com/fundreturns/fund	PROPN
cblr-2952	974	11	returns.html?category=	returns.html?category=	PROPN
cblr-2952	974	12	$	$	SYM
cblr-2952	974	13	foca$lo	foca$lo	PROPN
cblr-2952	974	14	(	(	PUNCT
cblr-2952	974	15	last	last	ADV
cblr-2952	974	16	visited	visit	VERB
cblr-2952	974	17	feb	feb	PROPN
cblr-2952	974	18	.	.	PROPN
cblr-2952	974	19	4	4	NUM
cblr-2952	974	20	,	,	PUNCT
cblr-2952	974	21	2008	2008	NUM
cblr-2952	974	22	)	)	PUNCT
cblr-2952	974	23	.	.	PUNCT
cblr-2952	975	1	col	col	PROPN
cblr-2952	975	2	umbia	umbia	PROPN
cblr-2952	975	3	b	b	PROPN
cblr-2952	975	4	usiness	usiness	PROPN
cblr-2952	975	5	la	la	PROPN
cblr-2952	975	6	w	w	PROPN
cblr-2952	975	7	re	re	PROPN
cblr-2952	975	8	vie	vie	PROPN
cblr-2952	975	9	w	w	PROPN
cblr-2952	976	1	[	[	X
cblr-2952	976	2	vol	vol	NOUN
cblr-2952	976	3	.	.	NOUN
cblr-2952	976	4	2008	2008	NUM
cblr-2952	976	5	black	black	ADJ
cblr-2952	976	6	market	market	NOUN
cblr-2952	976	7	capital	capital	NOUN
cblr-2952	976	8	considered	consider	VERB
cblr-2952	976	9	the	the	DET
cblr-2952	976	10	distinctions	distinction	NOUN
cblr-2952	976	11	and	and	CCONJ
cblr-2952	976	12	ramifications	ramification	NOUN
cblr-2952	976	13	of	of	ADP
cblr-2952	976	14	these	these	DET
cblr-2952	976	15	black	black	ADJ
cblr-2952	976	16	market	market	NOUN
cblr-2952	976	17	capital	capital	NOUN
cblr-2952	976	18	investments	investment	NOUN
cblr-2952	976	19	.	.	PUNCT
cblr-2952	977	1	instead	instead	ADV
cblr-2952	977	2	,	,	PUNCT
cblr-2952	977	3	they	they	PRON
cblr-2952	977	4	exist	exist	VERB
cblr-2952	977	5	due	due	ADJ
cblr-2952	977	6	to	to	ADP
cblr-2952	977	7	unintended	unintended	ADJ
cblr-2952	977	8	structural	structural	ADJ
cblr-2952	977	9	and	and	CCONJ
cblr-2952	977	10	legal	legal	ADJ
cblr-2952	977	11	distinctions	distinction	NOUN
cblr-2952	977	12	embedded	embed	VERB
cblr-2952	977	13	in	in	ADP
cblr-2952	977	14	current	current	ADJ
cblr-2952	977	15	law	law	NOUN
cblr-2952	977	16	governing	govern	VERB
cblr-2952	977	17	hedge	hedge	NOUN
cblr-2952	977	18	funds	fund	NOUN
cblr-2952	977	19	and	and	CCONJ
cblr-2952	977	20	private	private	ADJ
cblr-2952	977	21	equity	equity	NOUN
cblr-2952	977	22	.	.	PUNCT
cblr-2952	978	1	but	but	CCONJ
cblr-2952	978	2	,	,	PUNCT
cblr-2952	978	3	as	as	SCONJ
cblr-2952	978	4	detailed	detailed	ADJ
cblr-2952	978	5	supra	supra	ADJ
cblr-2952	978	6	part	part	NOUN
cblr-2952	978	7	iv	iv	ADP
cblr-2952	978	8	,	,	PUNCT
cblr-2952	978	9	black	black	ADJ
cblr-2952	978	10	market	market	NOUN
cblr-2952	978	11	capital	capital	NOUN
cblr-2952	978	12	investments	investment	NOUN
cblr-2952	978	13	have	have	VERB
cblr-2952	978	14	properties	property	NOUN
cblr-2952	978	15	equivalent	equivalent	ADJ
cblr-2952	978	16	to	to	ADP
cblr-2952	978	17	,	,	PUNCT
cblr-2952	978	18	and	and	CCONJ
cblr-2952	978	19	often	often	ADV
cblr-2952	978	20	derivative	derivative	ADJ
cblr-2952	978	21	of	of	ADP
cblr-2952	978	22	,	,	PUNCT
cblr-2952	978	23	hedge	hedge	NOUN
cblr-2952	978	24	fund	fund	NOUN
cblr-2952	978	25	and	and	CCONJ
cblr-2952	978	26	private	private	ADJ
cblr-2952	978	27	equity	equity	NOUN
cblr-2952	978	28	investments	investment	NOUN
cblr-2952	978	29	.	.	PUNCT
cblr-2952	979	1	to	to	ADP
cblr-2952	979	2	this	this	DET
cblr-2952	979	3	extent	extent	NOUN
cblr-2952	979	4	,	,	PUNCT
cblr-2952	979	5	they	they	PRON
cblr-2952	979	6	are	be	AUX
cblr-2952	979	7	often	often	ADV
cblr-2952	979	8	marketed	market	VERB
cblr-2952	979	9	as	as	ADP
cblr-2952	979	10	substitutes	substitute	NOUN
cblr-2952	979	11	for	for	ADP
cblr-2952	979	12	publicly	publicly	ADV
cblr-2952	979	13	prohibited	prohibit	VERB
cblr-2952	979	14	direct	direct	ADJ
cblr-2952	979	15	investment	investment	NOUN
cblr-2952	979	16	in	in	ADP
cblr-2952	979	17	hedge	hedge	NOUN
cblr-2952	979	18	funds	fund	NOUN
cblr-2952	979	19	and	and	CCONJ
cblr-2952	979	20	private	private	ADJ
cblr-2952	979	21	equity	equity	NOUN
cblr-2952	979	22	.	.	PUNCT
cblr-2952	980	1	yet	yet	ADV
cblr-2952	980	2	,	,	PUNCT
cblr-2952	980	3	the	the	DET
cblr-2952	980	4	investment	investment	NOUN
cblr-2952	980	5	company	company	NOUN
cblr-2952	980	6	act	act	NOUN
cblr-2952	980	7	and	and	CCONJ
cblr-2952	980	8	advisers	adviser	NOUN
cblr-2952	980	9	act	act	AUX
cblr-2952	980	10	do	do	AUX
cblr-2952	980	11	not	not	PART
cblr-2952	980	12	regulate	regulate	VERB
cblr-2952	980	13	them	they	PRON
cblr-2952	980	14	or	or	CCONJ
cblr-2952	980	15	otherwise	otherwise	ADV
cblr-2952	980	16	regulate	regulate	VERB
cblr-2952	980	17	them	they	PRON
cblr-2952	980	18	on	on	ADP
cblr-2952	980	19	a	a	DET
cblr-2952	980	20	less	less	ADV
cblr-2952	980	21	graduated	graduated	ADJ
cblr-2952	980	22	basis	basis	NOUN
cblr-2952	980	23	than	than	ADP
cblr-2952	980	24	full	full	ADV
cblr-2952	980	25	-	-	PUNCT
cblr-2952	980	26	fledged	fledge	VERB
cblr-2952	980	27	traditional	traditional	ADJ
cblr-2952	980	28	investment	investment	NOUN
cblr-2952	980	29	companies	company	NOUN
cblr-2952	980	30	.	.	PUNCT
cblr-2952	981	1	if	if	SCONJ
cblr-2952	981	2	hedge	hedge	NOUN
cblr-2952	981	3	funds	fund	NOUN
cblr-2952	981	4	and	and	CCONJ
cblr-2952	981	5	private	private	ADJ
cblr-2952	981	6	equity	equity	NOUN
cblr-2952	981	7	investments	investment	NOUN
cblr-2952	981	8	are	be	AUX
cblr-2952	981	9	restricted	restrict	VERB
cblr-2952	981	10	,	,	PUNCT
cblr-2952	981	11	the	the	DET
cblr-2952	981	12	similarity	similarity	NOUN
cblr-2952	981	13	of	of	ADP
cblr-2952	981	14	black	black	ADJ
cblr-2952	981	15	market	market	NOUN
cblr-2952	981	16	capital	capital	NOUN
cblr-2952	981	17	investments	investment	NOUN
cblr-2952	981	18	to	to	ADP
cblr-2952	981	19	them	they	PRON
cblr-2952	981	20	should	should	AUX
cblr-2952	981	21	lead	lead	VERB
cblr-2952	981	22	to	to	ADP
cblr-2952	981	23	an	an	DET
cblr-2952	981	24	equivalent	equivalent	ADJ
cblr-2952	981	25	prohibition	prohibition	NOUN
cblr-2952	981	26	.	.	PUNCT
cblr-2952	982	1	alternatively	alternatively	ADV
cblr-2952	982	2	,	,	PUNCT
cblr-2952	982	3	a	a	DET
cblr-2952	982	4	meaningful	meaningful	ADJ
cblr-2952	982	5	reason	reason	NOUN
cblr-2952	982	6	for	for	ADP
cblr-2952	982	7	this	this	DET
cblr-2952	982	8	distinction	distinction	NOUN
cblr-2952	982	9	should	should	AUX
cblr-2952	982	10	be	be	AUX
cblr-2952	982	11	articulated	articulate	VERB
cblr-2952	982	12	-	-	PUNCT
cblr-2952	982	13	something	something	PRON
cblr-2952	982	14	which	which	PRON
cblr-2952	982	15	has	have	VERB
cblr-2952	982	16	yet	yet	ADV
cblr-2952	982	17	to	to	PART
cblr-2952	982	18	occur	occur	VERB
cblr-2952	982	19	.	.	PUNCT
cblr-2952	983	1	moreover	moreover	ADV
cblr-2952	983	2	,	,	PUNCT
cblr-2952	983	3	black	black	ADJ
cblr-2952	983	4	market	market	NOUN
cblr-2952	983	5	capital	capital	NOUN
cblr-2952	983	6	creates	create	VERB
cblr-2952	983	7	internal	internal	ADJ
cblr-2952	983	8	and	and	CCONJ
cblr-2952	983	9	external	external	ADJ
cblr-2952	983	10	costs	cost	NOUN
cblr-2952	983	11	-	-	PUNCT
cblr-2952	983	12	costs	cost	NOUN
cblr-2952	983	13	which	which	PRON
cblr-2952	983	14	the	the	DET
cblr-2952	983	15	sec	sec	PROPN
cblr-2952	983	16	has	have	VERB
cblr-2952	983	17	yet	yet	ADV
cblr-2952	983	18	to	to	PART
cblr-2952	983	19	recognize	recognize	VERB
cblr-2952	983	20	.	.	PUNCT
cblr-2952	984	1	because	because	SCONJ
cblr-2952	984	2	of	of	ADP
cblr-2952	984	3	their	their	PRON
cblr-2952	984	4	derivative	derivative	ADJ
cblr-2952	984	5	nature	nature	NOUN
cblr-2952	984	6	,	,	PUNCT
cblr-2952	984	7	black	black	ADJ
cblr-2952	984	8	market	market	NOUN
cblr-2952	984	9	capital	capital	NOUN
cblr-2952	984	10	investments	investment	NOUN
cblr-2952	984	11	appear	appear	VERB
cblr-2952	984	12	to	to	PART
cblr-2952	984	13	be	be	AUX
cblr-2952	984	14	more	more	ADV
cblr-2952	984	15	risky	risky	ADJ
cblr-2952	984	16	on	on	ADP
cblr-2952	984	17	an	an	DET
cblr-2952	984	18	individualized	individualized	ADJ
cblr-2952	984	19	basis	basis	NOUN
cblr-2952	984	20	than	than	ADP
cblr-2952	984	21	the	the	DET
cblr-2952	984	22	hedge	hedge	NOUN
cblr-2952	984	23	fund	fund	NOUN
cblr-2952	984	24	and	and	CCONJ
cblr-2952	984	25	private	private	ADJ
cblr-2952	984	26	equity	equity	NOUN
cblr-2952	984	27	investments	investment	NOUN
cblr-2952	984	28	they	they	PRON
cblr-2952	984	29	substitute	substitute	VERB
cblr-2952	984	30	for	for	ADP
cblr-2952	984	31	.	.	PUNCT
cblr-2952	985	1	the	the	DET
cblr-2952	985	2	consequence	consequence	NOUN
cblr-2952	985	3	is	be	AUX
cblr-2952	985	4	that	that	SCONJ
cblr-2952	985	5	public	public	ADJ
cblr-2952	985	6	investors	investor	NOUN
cblr-2952	985	7	who	who	PRON
cblr-2952	985	8	purchase	purchase	VERB
cblr-2952	985	9	black	black	ADJ
cblr-2952	985	10	market	market	NOUN
cblr-2952	985	11	capital	capital	NOUN
cblr-2952	985	12	investments	investment	NOUN
cblr-2952	985	13	bear	bear	VERB
cblr-2952	985	14	more	more	ADJ
cblr-2952	985	15	risk	risk	NOUN
cblr-2952	985	16	in	in	ADP
cblr-2952	985	17	their	their	PRON
cblr-2952	985	18	investment	investment	NOUN
cblr-2952	985	19	portfolios	portfolio	NOUN
cblr-2952	985	20	and	and	CCONJ
cblr-2952	985	21	aggregately	aggregately	ADV
cblr-2952	985	22	inject	inject	VERB
cblr-2952	985	23	such	such	ADJ
cblr-2952	985	24	heightened	heightened	ADJ
cblr-2952	985	25	risk	risk	NOUN
cblr-2952	985	26	into	into	ADP
cblr-2952	985	27	the	the	DET
cblr-2952	985	28	u.s	u.s	PROPN
cblr-2952	985	29	capital	capital	NOUN
cblr-2952	985	30	market	market	NOUN
cblr-2952	985	31	itself	itself	PRON
cblr-2952	985	32	than	than	SCONJ
cblr-2952	985	33	if	if	SCONJ
cblr-2952	985	34	they	they	PRON
cblr-2952	985	35	were	be	AUX
cblr-2952	985	36	permitted	permit	VERB
cblr-2952	985	37	to	to	PART
cblr-2952	985	38	invest	invest	VERB
cblr-2952	985	39	in	in	ADP
cblr-2952	985	40	hedge	hedge	NOUN
cblr-2952	985	41	funds	fund	NOUN
cblr-2952	985	42	and	and	CCONJ
cblr-2952	985	43	private	private	ADJ
cblr-2952	985	44	equity	equity	NOUN
cblr-2952	985	45	.	.	PUNCT
cblr-2952	986	1	this	this	PRON
cblr-2952	986	2	is	be	AUX
cblr-2952	986	3	aptly	aptly	ADV
cblr-2952	986	4	illustrated	illustrate	VERB
cblr-2952	986	5	in	in	ADP
cblr-2952	986	6	the	the	DET
cblr-2952	986	7	case	case	NOUN
cblr-2952	986	8	of	of	ADP
cblr-2952	986	9	the	the	DET
cblr-2952	986	10	black	black	ADJ
cblr-2952	986	11	market	market	NOUN
cblr-2952	986	12	investments	investment	NOUN
cblr-2952	986	13	profiled	profile	VERB
cblr-2952	986	14	supra	supra	NOUN
cblr-2952	986	15	in	in	ADP
cblr-2952	986	16	part	part	NOUN
cblr-2952	986	17	iv	iv	NUM
cblr-2952	986	18	.	.	PUNCT
cblr-2952	987	1	start	start	VERB
cblr-2952	987	2	with	with	ADP
cblr-2952	987	3	hedge	hedge	NOUN
cblr-2952	987	4	fund	fund	NOUN
cblr-2952	987	5	and	and	CCONJ
cblr-2952	987	6	private	private	ADJ
cblr-2952	987	7	equity	equity	NOUN
cblr-2952	987	8	advisers	adviser	NOUN
cblr-2952	987	9	.	.	PUNCT
cblr-2952	988	1	an	an	DET
cblr-2952	988	2	analysis	analysis	NOUN
cblr-2952	988	3	of	of	ADP
cblr-2952	988	4	these	these	DET
cblr-2952	988	5	investment	investment	NOUN
cblr-2952	988	6	opportunities	opportunity	NOUN
cblr-2952	988	7	reveals	reveal	VERB
cblr-2952	988	8	that	that	SCONJ
cblr-2952	988	9	they	they	PRON
cblr-2952	988	10	are	be	AUX
cblr-2952	988	11	subject	subject	ADJ
cblr-2952	988	12	to	to	ADP
cblr-2952	988	13	more	more	ADJ
cblr-2952	988	14	risk	risk	NOUN
cblr-2952	988	15	than	than	ADP
cblr-2952	988	16	direct	direct	ADJ
cblr-2952	988	17	investment	investment	NOUN
cblr-2952	988	18	in	in	ADP
cblr-2952	988	19	their	their	PRON
cblr-2952	988	20	advised	advise	VERB
cblr-2952	988	21	funds	fund	NOUN
cblr-2952	988	22	.	.	PUNCT
cblr-2952	989	1	this	this	PRON
cblr-2952	989	2	is	be	AUX
cblr-2952	989	3	because	because	SCONJ
cblr-2952	989	4	the	the	DET
cblr-2952	989	5	future	future	ADJ
cblr-2952	989	6	income	income	NOUN
cblr-2952	989	7	of	of	ADP
cblr-2952	989	8	an	an	DET
cblr-2952	989	9	adviser	adviser	NOUN
cblr-2952	989	10	is	be	AUX
cblr-2952	989	11	dependant	dependant	ADJ
cblr-2952	989	12	upon	upon	SCONJ
cblr-2952	989	13	the	the	DET
cblr-2952	989	14	fund	fund	NOUN
cblr-2952	989	15	advisers	adviser	NOUN
cblr-2952	989	16	'	'	PART
cblr-2952	989	17	capacity	capacity	NOUN
cblr-2952	989	18	to	to	PART
cblr-2952	989	19	continually	continually	ADV
cblr-2952	989	20	earn	earn	VERB
cblr-2952	989	21	extraordinary	extraordinary	ADJ
cblr-2952	989	22	positive	positive	ADJ
cblr-2952	989	23	returns	return	NOUN
cblr-2952	989	24	.	.	PUNCT
cblr-2952	990	1	if	if	SCONJ
cblr-2952	990	2	the	the	DET
cblr-2952	990	3	adviser	adviser	NOUN
cblr-2952	990	4	does	do	AUX
cblr-2952	990	5	not	not	PART
cblr-2952	990	6	achieve	achieve	VERB
cblr-2952	990	7	such	such	ADJ
cblr-2952	990	8	returns	return	NOUN
cblr-2952	990	9	,	,	PUNCT
cblr-2952	990	10	fund	fund	NOUN
cblr-2952	990	11	investors	investor	NOUN
cblr-2952	990	12	,	,	PUNCT
cblr-2952	990	13	except	except	SCONJ
cblr-2952	990	14	in	in	ADP
cblr-2952	990	15	the	the	DET
cblr-2952	990	16	most	most	ADV
cblr-2952	990	17	exigent	exigent	ADJ
cblr-2952	990	18	circumstances	circumstance	NOUN
cblr-2952	990	19	,	,	PUNCT
cblr-2952	990	20	are	be	AUX
cblr-2952	990	21	still	still	ADV
cblr-2952	990	22	left	leave	VERB
cblr-2952	990	23	with	with	ADP
cblr-2952	990	24	some	some	PRON
cblr-2952	990	25	or	or	CCONJ
cblr-2952	990	26	all	all	PRON
cblr-2952	990	27	of	of	ADP
cblr-2952	990	28	their	their	PRON
cblr-2952	990	29	principal	principal	NOUN
cblr-2952	990	30	,	,	PUNCT
cblr-2952	990	31	but	but	CCONJ
cblr-2952	990	32	have	have	AUX
cblr-2952	990	33	diminished	diminish	VERB
cblr-2952	990	34	returns	return	NOUN
cblr-2952	990	35	or	or	CCONJ
cblr-2952	990	36	losses	loss	NOUN
cblr-2952	990	37	.	.	PUNCT
cblr-2952	991	1	however	however	ADV
cblr-2952	991	2	,	,	PUNCT
cblr-2952	991	3	if	if	SCONJ
cblr-2952	991	4	the	the	DET
cblr-2952	991	5	fund	fund	NOUN
cblr-2952	991	6	adviser	adviser	NOUN
cblr-2952	991	7	does	do	AUX
cblr-2952	991	8	not	not	PART
cblr-2952	991	9	continuously	continuously	ADV
cblr-2952	991	10	obtain	obtain	VERB
cblr-2952	991	11	appropriate	appropriate	ADJ
cblr-2952	991	12	no	no	NOUN
cblr-2952	991	13	.	.	NOUN
cblr-2952	991	14	1	1	NUM
cblr-2952	991	15	:	:	SYM
cblr-2952	991	16	172	172	NUM
cblr-2952	991	17	]	]	PUNCT
cblr-2952	991	18	positive	positive	ADJ
cblr-2952	991	19	returns	return	NOUN
cblr-2952	991	20	,	,	PUNCT
cblr-2952	991	21	it	it	PRON
cblr-2952	991	22	not	not	PART
cblr-2952	991	23	only	only	ADV
cblr-2952	991	24	loses	lose	VERB
cblr-2952	991	25	the	the	DET
cblr-2952	991	26	profit	profit	NOUN
cblr-2952	991	27	stream	stream	NOUN
cblr-2952	991	28	from	from	ADP
cblr-2952	991	29	this	this	DET
cblr-2952	991	30	reduced	reduce	VERB
cblr-2952	991	31	return	return	NOUN
cblr-2952	991	32	but	but	CCONJ
cblr-2952	991	33	fund	fund	NOUN
cblr-2952	991	34	investors	investor	NOUN
cblr-2952	991	35	will	will	AUX
cblr-2952	991	36	also	also	ADV
cblr-2952	991	37	readjust	readjust	VERB
cblr-2952	991	38	their	their	PRON
cblr-2952	991	39	portfolio	portfolio	NOUN
cblr-2952	991	40	to	to	PART
cblr-2952	991	41	allocate	allocate	VERB
cblr-2952	991	42	their	their	PRON
cblr-2952	991	43	capital	capital	NOUN
cblr-2952	991	44	to	to	ADP
cblr-2952	991	45	other	other	ADJ
cblr-2952	991	46	funds	fund	NOUN
cblr-2952	991	47	and	and	CCONJ
cblr-2952	991	48	fund	fund	NOUN
cblr-2952	991	49	advisers	adviser	NOUN
cblr-2952	991	50	.	.	PUNCT
cblr-2952	992	1	comparatively	comparatively	ADV
cblr-2952	992	2	diminished	diminish	VERB
cblr-2952	992	3	returns	return	NOUN
cblr-2952	992	4	and	and	CCONJ
cblr-2952	992	5	investment	investment	NOUN
cblr-2952	992	6	losses	loss	NOUN
cblr-2952	992	7	thus	thus	ADV
cblr-2952	992	8	have	have	VERB
cblr-2952	992	9	a	a	DET
cblr-2952	992	10	greater	great	ADJ
cblr-2952	992	11	long	long	ADJ
cblr-2952	992	12	-	-	PUNCT
cblr-2952	992	13	term	term	NOUN
cblr-2952	992	14	impact	impact	NOUN
cblr-2952	992	15	on	on	ADP
cblr-2952	992	16	the	the	DET
cblr-2952	992	17	fund	fund	NOUN
cblr-2952	992	18	adviser	adviser	NOUN
cblr-2952	992	19	itself	itself	PRON
cblr-2952	992	20	than	than	ADP
cblr-2952	992	21	on	on	ADP
cblr-2952	992	22	the	the	DET
cblr-2952	992	23	fund	fund	NOUN
cblr-2952	992	24	investees.222	investees.222	NOUN
cblr-2952	992	25	this	this	DET
cblr-2952	992	26	effect	effect	NOUN
cblr-2952	992	27	is	be	AUX
cblr-2952	992	28	aptly	aptly	ADV
cblr-2952	992	29	illustrated	illustrate	VERB
cblr-2952	992	30	by	by	ADP
cblr-2952	992	31	the	the	DET
cblr-2952	992	32	2006	2006	NUM
cblr-2952	992	33	implosion	implosion	NOUN
cblr-2952	992	34	of	of	ADP
cblr-2952	992	35	the	the	DET
cblr-2952	992	36	amaranth	amaranth	NOUN
cblr-2952	992	37	partners	partner	NOUN
cblr-2952	992	38	fund	fund	PROPN
cblr-2952	992	39	.	.	PUNCT
cblr-2952	993	1	the	the	DET
cblr-2952	993	2	fund	fund	NOUN
cblr-2952	993	3	adviser	adviser	NOUN
cblr-2952	993	4	,	,	PUNCT
cblr-2952	993	5	amaranth	amaranth	NOUN
cblr-2952	993	6	advisers	adviser	NOUN
cblr-2952	993	7	,	,	PUNCT
cblr-2952	993	8	was	be	AUX
cblr-2952	993	9	put	put	VERB
cblr-2952	993	10	out	out	ADP
cblr-2952	993	11	of	of	ADP
cblr-2952	993	12	business	business	NOUN
cblr-2952	993	13	by	by	ADP
cblr-2952	993	14	the	the	DET
cblr-2952	993	15	collapse	collapse	NOUN
cblr-2952	993	16	of	of	ADP
cblr-2952	993	17	the	the	DET
cblr-2952	993	18	fund	fund	NOUN
cblr-2952	993	19	due	due	ADP
cblr-2952	993	20	to	to	ADP
cblr-2952	993	21	losing	lose	VERB
cblr-2952	993	22	commodities	commodity	NOUN
cblr-2952	993	23	trading	trading	NOUN
cblr-2952	993	24	positions	position	NOUN
cblr-2952	993	25	,	,	PUNCT
cblr-2952	993	26	but	but	CCONJ
cblr-2952	993	27	investors	investor	NOUN
cblr-2952	993	28	in	in	ADP
cblr-2952	993	29	the	the	DET
cblr-2952	993	30	fund	fund	NOUN
cblr-2952	993	31	itself	itself	PRON
cblr-2952	993	32	were	be	AUX
cblr-2952	993	33	nevertheless	nevertheless	ADV
cblr-2952	993	34	returned	return	VERB
cblr-2952	993	35	approximately	approximately	ADV
cblr-2952	993	36	thirty	thirty	NUM
cblr-2952	993	37	-	-	PUNCT
cblr-2952	993	38	five	five	NUM
cblr-2952	993	39	percent	percent	NOUN
cblr-2952	993	40	of	of	ADP
cblr-2952	993	41	their	their	PRON
cblr-2952	993	42	capital	capital	NOUN
cblr-2952	993	43	;	;	PUNCT
cblr-2952	993	44	small	small	ADJ
cblr-2952	993	45	solace	solace	NOUN
cblr-2952	993	46	,	,	PUNCT
cblr-2952	993	47	but	but	CCONJ
cblr-2952	993	48	at	at	ADP
cblr-2952	993	49	least	least	ADJ
cblr-2952	993	50	a	a	DET
cblr-2952	993	51	measure	measure	NOUN
cblr-2952	993	52	of	of	ADP
cblr-2952	993	53	their	their	PRON
cblr-2952	993	54	capital.224	capital.224	NOUN
cblr-2952	993	55	thus	thus	ADV
cblr-2952	993	56	,	,	PUNCT
cblr-2952	993	57	fund	fund	NOUN
cblr-2952	993	58	adviser	adviser	NOUN
cblr-2952	993	59	investments	investment	NOUN
cblr-2952	993	60	are	be	AUX
cblr-2952	993	61	not	not	PART
cblr-2952	993	62	only	only	ADV
cblr-2952	993	63	more	more	ADV
cblr-2952	993	64	volatile	volatile	ADJ
cblr-2952	993	65	cash	cash	NOUN
cblr-2952	993	66	flow	flow	NOUN
cblr-2952	993	67	streams	stream	NOUN
cblr-2952	993	68	than	than	ADP
cblr-2952	993	69	their	their	PRON
cblr-2952	993	70	derivative	derivative	ADJ
cblr-2952	993	71	hedge	hedge	NOUN
cblr-2952	993	72	fund	fund	NOUN
cblr-2952	993	73	and	and	CCONJ
cblr-2952	993	74	private	private	ADJ
cblr-2952	993	75	equity	equity	NOUN
cblr-2952	993	76	investments	investment	NOUN
cblr-2952	993	77	,	,	PUNCT
cblr-2952	993	78	but	but	CCONJ
cblr-2952	993	79	also	also	ADV
cblr-2952	993	80	create	create	VERB
cblr-2952	993	81	potential	potential	NOUN
cblr-2952	993	82	for	for	ADP
cblr-2952	993	83	increased	increase	VERB
cblr-2952	993	84	adverse	adverse	ADJ
cblr-2952	993	85	system	system	NOUN
cblr-2952	993	86	-	-	PUNCT
cblr-2952	993	87	wide	wide	ADJ
cblr-2952	993	88	effects	effect	NOUN
cblr-2952	993	89	due	due	ADJ
cblr-2952	993	90	to	to	ADP
cblr-2952	993	91	their	their	PRON
cblr-2952	993	92	enhanced	enhanced	ADJ
cblr-2952	993	93	risk	risk	NOUN
cblr-2952	993	94	profile	profile	NOUN
cblr-2952	993	95	,	,	PUNCT
cblr-2952	993	96	a	a	DET
cblr-2952	993	97	risk	risk	NOUN
cblr-2952	993	98	which	which	PRON
cblr-2952	993	99	is	be	AUX
cblr-2952	993	100	partly	partly	ADV
cblr-2952	993	101	shifted	shift	VERB
cblr-2952	993	102	onto	onto	ADP
cblr-2952	993	103	the	the	DET
cblr-2952	993	104	market	market	NOUN
cblr-2952	993	105	itself	itself	PRON
cblr-2952	993	106	.	.	PUNCT
cblr-2952	994	1	a	a	DET
cblr-2952	994	2	spac	spac	NOUN
cblr-2952	994	3	has	have	VERB
cblr-2952	994	4	similar	similar	ADJ
cblr-2952	994	5	suboptimal	suboptimal	ADJ
cblr-2952	994	6	risk	risk	NOUN
cblr-2952	994	7	-	-	PUNCT
cblr-2952	994	8	bearing	bear	VERB
cblr-2952	994	9	characteristics	characteristic	NOUN
cblr-2952	994	10	vis	vis	X
cblr-2952	994	11	-	-	PUNCT
cblr-2952	994	12	a	a	X
cblr-2952	994	13	-	-	PUNCT
cblr-2952	994	14	vis	vis	X
cblr-2952	994	15	the	the	DET
cblr-2952	994	16	private	private	ADJ
cblr-2952	994	17	equity	equity	NOUN
cblr-2952	994	18	fund	fund	NOUN
cblr-2952	994	19	investment	investment	NOUN
cblr-2952	994	20	for	for	ADP
cblr-2952	994	21	which	which	PRON
cblr-2952	994	22	it	it	PRON
cblr-2952	994	23	ostensibly	ostensibly	ADV
cblr-2952	994	24	substitutes.225	substitutes.225	VERB
cblr-2952	994	25	a	a	DET
cblr-2952	994	26	purchase	purchase	NOUN
cblr-2952	994	27	of	of	ADP
cblr-2952	994	28	spac	spac	PROPN
cblr-2952	994	29	securities	security	NOUN
cblr-2952	994	30	is	be	AUX
cblr-2952	994	31	typically	typically	ADV
cblr-2952	994	32	an	an	DET
cblr-2952	994	33	investment	investment	NOUN
cblr-2952	994	34	in	in	ADP
cblr-2952	994	35	a	a	DET
cblr-2952	994	36	single	single	ADJ
cblr-2952	994	37	,	,	PUNCT
cblr-2952	994	38	to	to	PART
cblr-2952	994	39	-	-	PUNCT
cblr-2952	994	40	be	be	AUX
cblr-2952	994	41	-	-	PUNCT
cblr-2952	994	42	determined	determine	VERB
cblr-2952	994	43	acquisition	acquisition	NOUN
cblr-2952	994	44	.	.	PUNCT
cblr-2952	995	1	at	at	ADP
cblr-2952	995	2	the	the	DET
cblr-2952	995	3	time	time	NOUN
cblr-2952	995	4	of	of	ADP
cblr-2952	995	5	his	his	PRON
cblr-2952	995	6	or	or	CCONJ
cblr-2952	995	7	her	her	PRON
cblr-2952	995	8	purchase	purchase	NOUN
cblr-2952	995	9	,	,	PUNCT
cblr-2952	995	10	a	a	DET
cblr-2952	995	11	public	public	ADJ
cblr-2952	995	12	investor	investor	NOUN
cblr-2952	995	13	is	be	AUX
cblr-2952	995	14	223	223	NUM
cblr-2952	995	15	see	see	NOUN
cblr-2952	995	16	,	,	PUNCT
cblr-2952	995	17	e.g.	e.g.	ADV
cblr-2952	995	18	,	,	PUNCT
cblr-2952	995	19	andrew	andrew	PROPN
cblr-2952	995	20	bary	bary	PROPN
cblr-2952	995	21	,	,	PUNCT
cblr-2952	995	22	mediocrity	mediocrity	NOUN
cblr-2952	995	23	rewarded	reward	VERB
cblr-2952	995	24	and	and	CCONJ
cblr-2952	995	25	rewarded	reward	VERB
cblr-2952	995	26	and	and	CCONJ
cblr-2952	995	27	rewarded	reward	VERB
cblr-2952	995	28	.	.	PUNCT
cblr-2952	996	1	.	.	PUNCT
cblr-2952	997	1	,	,	PUNCT
cblr-2952	997	2	barrons	barron	NOUN
cblr-2952	997	3	,	,	PUNCT
cblr-2952	997	4	nov	nov	PROPN
cblr-2952	997	5	.	.	PROPN
cblr-2952	997	6	19	19	NUM
cblr-2952	997	7	,	,	PUNCT
cblr-2952	997	8	2007	2007	NUM
cblr-2952	997	9	(	(	PUNCT
cblr-2952	997	10	"	"	PUNCT
cblr-2952	997	11	a	a	DET
cblr-2952	997	12	major	major	ADJ
cblr-2952	997	13	risk	risk	NOUN
cblr-2952	997	14	with	with	ADP
cblr-2952	997	15	och	och	PROPN
cblr-2952	997	16	-	-	PUNCT
cblr-2952	997	17	ziff	ziff	NOUN
cblr-2952	997	18	is	be	AUX
cblr-2952	997	19	that	that	SCONJ
cblr-2952	997	20	,	,	PUNCT
cblr-2952	997	21	unlike	unlike	ADP
cblr-2952	997	22	traditional	traditional	ADJ
cblr-2952	997	23	asset	asset	NOUN
cblr-2952	997	24	managers	manager	NOUN
cblr-2952	997	25	,	,	PUNCT
cblr-2952	997	26	it	it	PRON
cblr-2952	997	27	gets	get	VERB
cblr-2952	997	28	the	the	DET
cblr-2952	997	29	bulk	bulk	NOUN
cblr-2952	997	30	of	of	ADP
cblr-2952	997	31	its	its	PRON
cblr-2952	997	32	revenue	revenue	NOUN
cblr-2952	997	33	from	from	ADP
cblr-2952	997	34	incentive	incentive	NOUN
cblr-2952	997	35	fees	fee	NOUN
cblr-2952	997	36	on	on	ADP
cblr-2952	997	37	its	its	PRON
cblr-2952	997	38	hedge	hedge	NOUN
cblr-2952	997	39	funds	fund	NOUN
cblr-2952	997	40	.	.	PUNCT
cblr-2952	997	41	.	.	PUNCT
cblr-2952	997	42	.	.	PUNCT
cblr-2952	997	43	.	.	PUNCT
cblr-2952	998	1	"	"	PUNCT
cblr-2952	998	2	)	)	PUNCT
cblr-2952	998	3	.	.	PUNCT
cblr-2952	999	1	moreover	moreover	ADV
cblr-2952	999	2	,	,	PUNCT
cblr-2952	999	3	these	these	DET
cblr-2952	999	4	offerings	offering	NOUN
cblr-2952	999	5	are	be	AUX
cblr-2952	999	6	new	new	ADJ
cblr-2952	999	7	and	and	CCONJ
cblr-2952	999	8	untested	untested	ADJ
cblr-2952	999	9	as	as	ADP
cblr-2952	999	10	public	public	ADJ
cblr-2952	999	11	investing	investing	NOUN
cblr-2952	999	12	entities	entity	NOUN
cblr-2952	999	13	;	;	PUNCT
cblr-2952	999	14	their	their	PRON
cblr-2952	999	15	public	public	ADJ
cblr-2952	999	16	status	status	NOUN
cblr-2952	999	17	may	may	AUX
cblr-2952	999	18	raise	raise	VERB
cblr-2952	999	19	unique	unique	ADJ
cblr-2952	999	20	unforeseen	unforeseen	ADJ
cblr-2952	999	21	problems	problem	NOUN
cblr-2952	999	22	in	in	ADP
cblr-2952	999	23	the	the	DET
cblr-2952	999	24	future	future	NOUN
cblr-2952	999	25	.	.	PUNCT
cblr-2952	1000	1	for	for	ADP
cblr-2952	1000	2	example	example	NOUN
cblr-2952	1000	3	,	,	PUNCT
cblr-2952	1000	4	the	the	DET
cblr-2952	1000	5	lowered	lower	VERB
cblr-2952	1000	6	investment	investment	NOUN
cblr-2952	1000	7	compensation	compensation	NOUN
cblr-2952	1000	8	for	for	ADP
cblr-2952	1000	9	the	the	DET
cblr-2952	1000	10	fund	fund	NOUN
cblr-2952	1000	11	managers	manager	NOUN
cblr-2952	1000	12	which	which	PRON
cblr-2952	1000	13	is	be	AUX
cblr-2952	1000	14	put	put	VERB
cblr-2952	1000	15	into	into	ADP
cblr-2952	1000	16	effect	effect	NOUN
cblr-2952	1000	17	in	in	ADP
cblr-2952	1000	18	such	such	DET
cblr-2952	1000	19	an	an	DET
cblr-2952	1000	20	offering	offering	NOUN
cblr-2952	1000	21	may	may	AUX
cblr-2952	1000	22	create	create	VERB
cblr-2952	1000	23	a	a	DET
cblr-2952	1000	24	future	future	ADJ
cblr-2952	1000	25	unworkable	unworkable	ADJ
cblr-2952	1000	26	structure	structure	NOUN
cblr-2952	1000	27	as	as	SCONJ
cblr-2952	1000	28	the	the	DET
cblr-2952	1000	29	current	current	ADJ
cblr-2952	1000	30	holders	holder	NOUN
cblr-2952	1000	31	retire	retire	VERB
cblr-2952	1000	32	and	and	CCONJ
cblr-2952	1000	33	replacement	replacement	NOUN
cblr-2952	1000	34	managers	manager	NOUN
cblr-2952	1000	35	who	who	PRON
cblr-2952	1000	36	have	have	AUX
cblr-2952	1000	37	not	not	PART
cblr-2952	1000	38	been	be	AUX
cblr-2952	1000	39	compensated	compensate	VERB
cblr-2952	1000	40	through	through	ADP
cblr-2952	1000	41	the	the	DET
cblr-2952	1000	42	initial	initial	ADJ
cblr-2952	1000	43	public	public	ADJ
cblr-2952	1000	44	offering	offering	NOUN
cblr-2952	1000	45	demand	demand	NOUN
cblr-2952	1000	46	market	market	NOUN
cblr-2952	1000	47	compensation	compensation	NOUN
cblr-2952	1000	48	and	and	CCONJ
cblr-2952	1000	49	an	an	DET
cblr-2952	1000	50	accompanying	accompanying	ADJ
cblr-2952	1000	51	ownership	ownership	NOUN
cblr-2952	1000	52	interest	interest	NOUN
cblr-2952	1000	53	.	.	PUNCT
cblr-2952	1001	1	224	224	NUM
cblr-2952	1001	2	see	see	VERB
cblr-2952	1001	3	jenny	jenny	PROPN
cblr-2952	1001	4	anderson	anderson	PROPN
cblr-2952	1001	5	,	,	PUNCT
cblr-2952	1001	6	hedge	hedge	NOUN
cblr-2952	1001	7	fund	fund	NOUN
cblr-2952	1001	8	sheds	shed	VERB
cblr-2952	1001	9	assets	asset	NOUN
cblr-2952	1001	10	in	in	ADP
cblr-2952	1001	11	energy	energy	NOUN
cblr-2952	1001	12	,	,	PUNCT
cblr-2952	1001	13	n.y	n.y	PROPN
cblr-2952	1001	14	.	.	PROPN
cblr-2952	1001	15	times	times	PROPN
cblr-2952	1001	16	,	,	PUNCT
cblr-2952	1001	17	sept	sept	PROPN
cblr-2952	1001	18	.	.	PROPN
cblr-2952	1001	19	21	21	NUM
cblr-2952	1001	20	,	,	PUNCT
cblr-2952	1001	21	2006	2006	NUM
cblr-2952	1001	22	,	,	PUNCT
cblr-2952	1001	23	at	at	ADP
cblr-2952	1001	24	c1	c1	PROPN
cblr-2952	1001	25	.	.	PUNCT
cblr-2952	1002	1	for	for	ADP
cblr-2952	1002	2	a	a	DET
cblr-2952	1002	3	history	history	NOUN
cblr-2952	1002	4	of	of	ADP
cblr-2952	1002	5	the	the	DET
cblr-2952	1002	6	amaranth	amaranth	NOUN
cblr-2952	1002	7	fund	fund	NOUN
cblr-2952	1002	8	collapse	collapse	NOUN
cblr-2952	1002	9	,	,	PUNCT
cblr-2952	1002	10	see	see	VERB
cblr-2952	1002	11	jenny	jenny	PROPN
cblr-2952	1002	12	anderson	anderson	PROPN
cblr-2952	1002	13	,	,	PUNCT
cblr-2952	1002	14	betting	bet	VERB
cblr-2952	1002	15	the	the	DET
cblr-2952	1002	16	house	house	NOUN
cblr-2952	1002	17	and	and	CCONJ
cblr-2952	1002	18	losing	lose	VERB
cblr-2952	1002	19	big	big	ADJ
cblr-2952	1002	20	,	,	PUNCT
cblr-2952	1002	21	n.y	n.y	PROPN
cblr-2952	1002	22	.	.	PROPN
cblr-2952	1002	23	times	times	PROPN
cblr-2952	1002	24	,	,	PUNCT
cblr-2952	1002	25	sept	sept	PROPN
cblr-2952	1002	26	.	.	PROPN
cblr-2952	1002	27	23	23	NUM
cblr-2952	1002	28	,	,	PUNCT
cblr-2952	1002	29	2006	2006	NUM
cblr-2952	1002	30	,	,	PUNCT
cblr-2952	1002	31	at	at	ADP
cblr-2952	1002	32	c1	c1	PROPN
cblr-2952	1002	33	.	.	PUNCT
cblr-2952	1003	1	225	225	NUM
cblr-2952	1003	2	see	see	VERB
cblr-2952	1003	3	generally	generally	ADV
cblr-2952	1003	4	helen	helen	PROPN
cblr-2952	1003	5	avery	avery	PROPN
cblr-2952	1003	6	,	,	PUNCT
cblr-2952	1003	7	m&a	m&a	PROPN
cblr-2952	1003	8	:	:	PUNCT
cblr-2952	1003	9	whacked	whack	VERB
cblr-2952	1003	10	by	by	ADP
cblr-2952	1003	11	spacs	spac	NOUN
cblr-2952	1003	12	?	?	PUNCT
cblr-2952	1003	13	,	,	PUNCT
cblr-2952	1003	14	euromoney	euromoney	NOUN
cblr-2952	1003	15	,	,	PUNCT
cblr-2952	1003	16	june	june	PROPN
cblr-2952	1003	17	1	1	NUM
cblr-2952	1003	18	,	,	PUNCT
cblr-2952	1003	19	2006	2006	NUM
cblr-2952	1003	20	,	,	PUNCT
cblr-2952	1003	21	at	at	ADP
cblr-2952	1003	22	2	2	NUM
cblr-2952	1003	23	-	-	SYM
cblr-2952	1003	24	4	4	NUM
cblr-2952	1003	25	(	(	PUNCT
cblr-2952	1003	26	reviewing	review	VERB
cblr-2952	1003	27	a	a	DET
cblr-2952	1003	28	variety	variety	NOUN
cblr-2952	1003	29	of	of	ADP
cblr-2952	1003	30	unique	unique	ADJ
cblr-2952	1003	31	risks	risk	NOUN
cblr-2952	1003	32	posed	pose	VERB
cblr-2952	1003	33	by	by	ADP
cblr-2952	1003	34	public	public	ADJ
cblr-2952	1003	35	investment	investment	NOUN
cblr-2952	1003	36	in	in	ADP
cblr-2952	1003	37	spacs	spac	NOUN
cblr-2952	1003	38	)	)	PUNCT
cblr-2952	1003	39	.	.	PUNCT
cblr-2952	1004	1	col	col	PROPN
cblr-2952	1004	2	umbia	umbia	PROPN
cblr-2952	1004	3	b	b	PROPN
cblr-2952	1004	4	usiness	usiness	PROPN
cblr-2952	1004	5	la	la	PROPN
cblr-2952	1004	6	w	w	PROPN
cblr-2952	1004	7	re	re	PROPN
cblr-2952	1004	8	vie	vie	PROPN
cblr-2952	1004	9	w	w	PROPN
cblr-2952	1005	1	[	[	X
cblr-2952	1005	2	vol	vol	NOUN
cblr-2952	1005	3	.	.	PUNCT
cblr-2952	1005	4	2008	2008	NUM
cblr-2952	1005	5	uncertain	uncertain	ADJ
cblr-2952	1005	6	what	what	PRON
cblr-2952	1005	7	business	business	NOUN
cblr-2952	1005	8	or	or	CCONJ
cblr-2952	1005	9	industry	industry	NOUN
cblr-2952	1005	10	the	the	DET
cblr-2952	1005	11	spac	spac	NOUN
cblr-2952	1005	12	will	will	AUX
cblr-2952	1005	13	enter	enter	VERB
cblr-2952	1005	14	,	,	PUNCT
cblr-2952	1005	15	the	the	DET
cblr-2952	1005	16	size	size	NOUN
cblr-2952	1005	17	of	of	ADP
cblr-2952	1005	18	the	the	DET
cblr-2952	1005	19	spac	spac	PROPN
cblr-2952	1005	20	's	's	PART
cblr-2952	1005	21	acquisition	acquisition	NOUN
cblr-2952	1005	22	,	,	PUNCT
cblr-2952	1005	23	the	the	DET
cblr-2952	1005	24	leverage	leverage	NOUN
cblr-2952	1005	25	it	it	PRON
cblr-2952	1005	26	will	will	AUX
cblr-2952	1005	27	bear	bear	VERB
cblr-2952	1005	28	,	,	PUNCT
cblr-2952	1005	29	and	and	CCONJ
cblr-2952	1005	30	whether	whether	SCONJ
cblr-2952	1005	31	the	the	DET
cblr-2952	1005	32	spac	spac	PROPN
cblr-2952	1005	33	's	's	PART
cblr-2952	1005	34	management	management	NOUN
cblr-2952	1005	35	will	will	AUX
cblr-2952	1005	36	have	have	VERB
cblr-2952	1005	37	any	any	DET
cblr-2952	1005	38	facility	facility	NOUN
cblr-2952	1005	39	in	in	ADP
cblr-2952	1005	40	the	the	DET
cblr-2952	1005	41	industry	industry	NOUN
cblr-2952	1005	42	of	of	ADP
cblr-2952	1005	43	the	the	DET
cblr-2952	1005	44	investment	investment	NOUN
cblr-2952	1005	45	.	.	PUNCT
cblr-2952	1006	1	their	their	PRON
cblr-2952	1006	2	influence	influence	NOUN
cblr-2952	1006	3	on	on	ADP
cblr-2952	1006	4	these	these	DET
cblr-2952	1006	5	matters	matter	NOUN
cblr-2952	1006	6	is	be	AUX
cblr-2952	1006	7	instead	instead	ADV
cblr-2952	1006	8	limited	limit	VERB
cblr-2952	1006	9	to	to	ADP
cblr-2952	1006	10	a	a	DET
cblr-2952	1006	11	vote	vote	NOUN
cblr-2952	1006	12	on	on	ADP
cblr-2952	1006	13	the	the	DET
cblr-2952	1006	14	acquisition	acquisition	NOUN
cblr-2952	1006	15	.	.	PUNCT
cblr-2952	1007	1	however	however	ADV
cblr-2952	1007	2	,	,	PUNCT
cblr-2952	1007	3	this	this	DET
cblr-2952	1007	4	vote	vote	NOUN
cblr-2952	1007	5	is	be	AUX
cblr-2952	1007	6	one	one	NUM
cblr-2952	1007	7	that	that	PRON
cblr-2952	1007	8	has	have	VERB
cblr-2952	1007	9	an	an	DET
cblr-2952	1007	10	inherently	inherently	ADV
cblr-2952	1007	11	coercive	coercive	ADJ
cblr-2952	1007	12	aspect	aspect	NOUN
cblr-2952	1007	13	to	to	ADP
cblr-2952	1007	14	it	it	PRON
cblr-2952	1007	15	;	;	PUNCT
cblr-2952	1007	16	a	a	DET
cblr-2952	1007	17	nay	nay	NOUN
cblr-2952	1007	18	vote	vote	NOUN
cblr-2952	1007	19	entitles	entitle	VERB
cblr-2952	1007	20	an	an	DET
cblr-2952	1007	21	investor	investor	NOUN
cblr-2952	1007	22	only	only	ADV
cblr-2952	1007	23	to	to	ADP
cblr-2952	1007	24	their	their	PRON
cblr-2952	1007	25	share	share	NOUN
cblr-2952	1007	26	of	of	ADP
cblr-2952	1007	27	the	the	DET
cblr-2952	1007	28	remaining	remain	VERB
cblr-2952	1007	29	offering	offering	NOUN
cblr-2952	1007	30	proceeds	proceed	NOUN
cblr-2952	1007	31	,	,	PUNCT
cblr-2952	1007	32	an	an	DET
cblr-2952	1007	33	amount	amount	NOUN
cblr-2952	1007	34	that	that	PRON
cblr-2952	1007	35	is	be	AUX
cblr-2952	1007	36	less	less	ADJ
cblr-2952	1007	37	than	than	ADP
cblr-2952	1007	38	their	their	PRON
cblr-2952	1007	39	original	original	ADJ
cblr-2952	1007	40	investment	investment	NOUN
cblr-2952	1007	41	.	.	PUNCT
cblr-2952	1008	1	in	in	ADP
cblr-2952	1008	2	addition	addition	NOUN
cblr-2952	1008	3	to	to	ADP
cblr-2952	1008	4	the	the	DET
cblr-2952	1008	5	economic	economic	ADJ
cblr-2952	1008	6	calculus	calculus	NOUN
cblr-2952	1008	7	,	,	PUNCT
cblr-2952	1008	8	loss	loss	NOUN
cblr-2952	1008	9	aversion	aversion	NOUN
cblr-2952	1008	10	and	and	CCONJ
cblr-2952	1008	11	framing	framing	NOUN
cblr-2952	1008	12	may	may	AUX
cblr-2952	1008	13	cognitively	cognitively	ADV
cblr-2952	1008	14	bias	bias	VERB
cblr-2952	1008	15	investors	investor	NOUN
cblr-2952	1008	16	to	to	PART
cblr-2952	1008	17	approve	approve	VERB
cblr-2952	1008	18	the	the	DET
cblr-2952	1008	19	acquisition	acquisition	NOUN
cblr-2952	1008	20	in	in	ADP
cblr-2952	1008	21	a	a	DET
cblr-2952	1008	22	hopeful	hopeful	ADJ
cblr-2952	1008	23	attempt	attempt	NOUN
cblr-2952	1008	24	to	to	PART
cblr-2952	1008	25	recoup	recoup	VERB
cblr-2952	1008	26	their	their	PRON
cblr-2952	1008	27	initial	initial	ADJ
cblr-2952	1008	28	investment.226	investment.226	NOUN
cblr-2952	1008	29	a	a	DET
cblr-2952	1008	30	spac	spac	NOUN
cblr-2952	1008	31	investor	investor	NOUN
cblr-2952	1008	32	is	be	AUX
cblr-2952	1008	33	also	also	ADV
cblr-2952	1008	34	left	leave	VERB
cblr-2952	1008	35	relying	rely	VERB
cblr-2952	1008	36	upon	upon	SCONJ
cblr-2952	1008	37	the	the	DET
cblr-2952	1008	38	spac	spac	PROPN
cblr-2952	1008	39	sponsors	sponsor	NOUN
cblr-2952	1008	40	to	to	PART
cblr-2952	1008	41	select	select	VERB
cblr-2952	1008	42	an	an	DET
cblr-2952	1008	43	appropriate	appropriate	ADJ
cblr-2952	1008	44	target	target	NOUN
cblr-2952	1008	45	.	.	PUNCT
cblr-2952	1009	1	yet	yet	CCONJ
cblr-2952	1009	2	these	these	DET
cblr-2952	1009	3	sponsors	sponsor	NOUN
cblr-2952	1009	4	often	often	ADV
cblr-2952	1009	5	lack	lack	VERB
cblr-2952	1009	6	the	the	DET
cblr-2952	1009	7	buy	buy	VERB
cblr-2952	1009	8	-	-	PUNCT
cblr-2952	1009	9	out	out	ADP
cblr-2952	1009	10	expertise	expertise	NOUN
cblr-2952	1009	11	that	that	PRON
cblr-2952	1009	12	fund	fund	NOUN
cblr-2952	1009	13	advisers	adviser	NOUN
cblr-2952	1009	14	have	have	AUX
cblr-2952	1009	15	,	,	PUNCT
cblr-2952	1009	16	typically	typically	ADV
cblr-2952	1009	17	do	do	AUX
cblr-2952	1009	18	not	not	PART
cblr-2952	1009	19	have	have	VERB
cblr-2952	1009	20	the	the	DET
cblr-2952	1009	21	equivalent	equivalent	ADJ
cblr-2952	1009	22	level	level	NOUN
cblr-2952	1009	23	of	of	ADP
cblr-2952	1009	24	resources	resource	NOUN
cblr-2952	1009	25	,	,	PUNCT
cblr-2952	1009	26	experience	experience	NOUN
cblr-2952	1009	27	or	or	CCONJ
cblr-2952	1009	28	investment	investment	NOUN
cblr-2952	1009	29	affiliations	affiliation	NOUN
cblr-2952	1009	30	,	,	PUNCT
cblr-2952	1009	31	and	and	CCONJ
cblr-2952	1009	32	often	often	ADV
cblr-2952	1009	33	are	be	AUX
cblr-2952	1009	34	not	not	PART
cblr-2952	1009	35	as	as	ADV
cblr-2952	1009	36	well	well	ADV
cblr-2952	1009	37	versed	verse	VERB
cblr-2952	1009	38	in	in	ADP
cblr-2952	1009	39	the	the	DET
cblr-2952	1009	40	industry	industry	NOUN
cblr-2952	1009	41	of	of	ADP
cblr-2952	1009	42	their	their	PRON
cblr-2952	1009	43	acquisitions	acquisition	NOUN
cblr-2952	1009	44	as	as	SCONJ
cblr-2952	1009	45	fund	fund	NOUN
cblr-2952	1009	46	adviser	adviser	NOUN
cblr-2952	1009	47	principals	principal	NOUN
cblr-2952	1009	48	are.227	are.227	VERB
cblr-2952	1009	49	the	the	DET
cblr-2952	1009	50	result	result	NOUN
cblr-2952	1009	51	is	be	AUX
cblr-2952	1009	52	that	that	SCONJ
cblr-2952	1009	53	they	they	PRON
cblr-2952	1009	54	are	be	AUX
cblr-2952	1009	55	arguably	arguably	ADV
cblr-2952	1009	56	less	less	ADV
cblr-2952	1009	57	likely	likely	ADJ
cblr-2952	1009	58	to	to	PART
cblr-2952	1009	59	make	make	VERB
cblr-2952	1009	60	similarly	similarly	ADV
cblr-2952	1009	61	successful	successful	ADJ
cblr-2952	1009	62	investing	investing	NOUN
cblr-2952	1009	63	choices	choice	NOUN
cblr-2952	1009	64	as	as	ADP
cblr-2952	1009	65	private	private	ADJ
cblr-2952	1009	66	equity	equity	NOUN
cblr-2952	1009	67	fund	fund	NOUN
cblr-2952	1009	68	advisers	adviser	NOUN
cblr-2952	1009	69	.	.	PUNCT
cblr-2952	1010	1	moreover	moreover	ADV
cblr-2952	1010	2	,	,	PUNCT
cblr-2952	1010	3	spacs	spac	NOUN
cblr-2952	1010	4	are	be	AUX
cblr-2952	1010	5	marketed	market	VERB
cblr-2952	1010	6	as	as	ADP
cblr-2952	1010	7	private	private	ADJ
cblr-2952	1010	8	equity	equity	NOUN
cblr-2952	1010	9	substitutes	substitute	NOUN
cblr-2952	1010	10	but	but	CCONJ
cblr-2952	1010	11	lack	lack	VERB
cblr-2952	1010	12	the	the	DET
cblr-2952	1010	13	diversification	diversification	NOUN
cblr-2952	1010	14	that	that	PRON
cblr-2952	1010	15	is	be	AUX
cblr-2952	1010	16	inherent	inherent	ADJ
cblr-2952	1010	17	in	in	ADP
cblr-2952	1010	18	a	a	DET
cblr-2952	1010	19	private	private	ADJ
cblr-2952	1010	20	equity	equity	NOUN
cblr-2952	1010	21	fund	fund	NOUN
cblr-2952	1010	22	.	.	PUNCT
cblr-2952	1011	1	private	private	ADJ
cblr-2952	1011	2	equity	equity	NOUN
cblr-2952	1011	3	funds	fund	NOUN
cblr-2952	1011	4	can	can	AUX
cblr-2952	1011	5	diversify	diversify	VERB
cblr-2952	1011	6	their	their	PRON
cblr-2952	1011	7	risk	risk	NOUN
cblr-2952	1011	8	by	by	ADP
cblr-2952	1011	9	investing	invest	VERB
cblr-2952	1011	10	in	in	ADP
cblr-2952	1011	11	multiple	multiple	ADJ
cblr-2952	1011	12	companies	company	NOUN
cblr-2952	1011	13	;	;	PUNCT
cblr-2952	1011	14	a	a	DET
cblr-2952	1011	15	spac	spac	NOUN
cblr-2952	1011	16	does	do	AUX
cblr-2952	1011	17	not	not	PART
cblr-2952	1011	18	have	have	VERB
cblr-2952	1011	19	similar	similar	ADJ
cblr-2952	1011	20	capability	capability	NOUN
cblr-2952	1011	21	.	.	PUNCT
cblr-2952	1012	1	single	single	ADJ
cblr-2952	1012	2	company	company	NOUN
cblr-2952	1012	3	private	private	ADJ
cblr-2952	1012	4	equity	equity	NOUN
cblr-2952	1012	5	acquisitions	acquisition	NOUN
cblr-2952	1012	6	of	of	ADP
cblr-2952	1012	7	this	this	DET
cblr-2952	1012	8	nature	nature	NOUN
cblr-2952	1012	9	have	have	AUX
cblr-2952	1012	10	also	also	ADV
cblr-2952	1012	11	been	be	AUX
cblr-2952	1012	12	found	find	VERB
cblr-2952	1012	13	to	to	PART
cblr-2952	1012	14	bear	bear	VERB
cblr-2952	1012	15	significantly	significantly	ADV
cblr-2952	1012	16	more	more	ADV
cblr-2952	1012	17	individualized	individualized	ADJ
cblr-2952	1012	18	risk	risk	NOUN
cblr-2952	1012	19	than	than	ADP
cblr-2952	1012	20	investment	investment	NOUN
cblr-2952	1012	21	in	in	ADP
cblr-2952	1012	22	a	a	DET
cblr-2952	1012	23	private	private	ADJ
cblr-2952	1012	24	equity	equity	NOUN
cblr-2952	1012	25	fund	fund	NOUN
cblr-2952	1012	26	226	226	NUM
cblr-2952	1012	27	see	see	VERB
cblr-2952	1012	28	generally	generally	ADV
cblr-2952	1012	29	lawrence	lawrence	PROPN
cblr-2952	1012	30	a.	a.	PROPN
cblr-2952	1012	31	cunningham	cunningham	PROPN
cblr-2952	1012	32	,	,	PUNCT
cblr-2952	1012	33	behavioral	behavioral	ADJ
cblr-2952	1012	34	finance	finance	NOUN
cblr-2952	1012	35	and	and	CCONJ
cblr-2952	1012	36	investor	investor	NOUN
cblr-2952	1012	37	governance	governance	NOUN
cblr-2952	1012	38	,	,	PUNCT
cblr-2952	1012	39	59	59	NUM
cblr-2952	1012	40	wash	wash	NOUN
cblr-2952	1012	41	.	.	PUNCT
cblr-2952	1012	42	&	&	CCONJ
cblr-2952	1012	43	lee	lee	PROPN
cblr-2952	1012	44	l.	l.	PROPN
cblr-2952	1012	45	rev	rev	PROPN
cblr-2952	1012	46	.	.	PROPN
cblr-2952	1012	47	767	767	NUM
cblr-2952	1012	48	,	,	PUNCT
cblr-2952	1012	49	771	771	NUM
cblr-2952	1012	50	(	(	PUNCT
cblr-2952	1012	51	2002	2002	NUM
cblr-2952	1012	52	)	)	PUNCT
cblr-2952	1012	53	(	(	PUNCT
cblr-2952	1012	54	discussing	discuss	VERB
cblr-2952	1012	55	"	"	PUNCT
cblr-2952	1012	56	the	the	DET
cblr-2952	1012	57	cognitive	cognitive	ADJ
cblr-2952	1012	58	biases	bias	NOUN
cblr-2952	1012	59	that	that	SCONJ
cblr-2952	1012	60	behavioral	behavioral	ADJ
cblr-2952	1012	61	finance	finance	NOUN
cblr-2952	1012	62	exposes	expose	VERB
cblr-2952	1012	63	"	"	PUNCT
cblr-2952	1012	64	in	in	ADP
cblr-2952	1012	65	the	the	DET
cblr-2952	1012	66	context	context	NOUN
cblr-2952	1012	67	of	of	ADP
cblr-2952	1012	68	individual	individual	ADJ
cblr-2952	1012	69	investing	investing	NOUN
cblr-2952	1012	70	)	)	PUNCT
cblr-2952	1012	71	;	;	PUNCT
cblr-2952	1012	72	see	see	VERB
cblr-2952	1012	73	also	also	ADV
cblr-2952	1012	74	terrence	terrence	PROPN
cblr-2952	1012	75	odean	odean	ADJ
cblr-2952	1012	76	,	,	PUNCT
cblr-2952	1012	77	are	be	AUX
cblr-2952	1012	78	investors	investor	NOUN
cblr-2952	1012	79	reluctant	reluctant	ADJ
cblr-2952	1012	80	to	to	PART
cblr-2952	1012	81	realize	realize	VERB
cblr-2952	1012	82	their	their	PRON
cblr-2952	1012	83	losses	loss	NOUN
cblr-2952	1012	84	,	,	PUNCT
cblr-2952	1012	85	53	53	NUM
cblr-2952	1012	86	j.	j.	PROPN
cblr-2952	1012	87	fin	fin	PROPN
cblr-2952	1012	88	.	.	PUNCT
cblr-2952	1013	1	1775	1775	NUM
cblr-2952	1013	2	(	(	PUNCT
cblr-2952	1013	3	1998	1998	NUM
cblr-2952	1013	4	)	)	PUNCT
cblr-2952	1013	5	(	(	PUNCT
cblr-2952	1013	6	concluding	conclude	VERB
cblr-2952	1013	7	that	that	SCONJ
cblr-2952	1013	8	investors	investor	NOUN
cblr-2952	1013	9	are	be	AUX
cblr-2952	1013	10	more	more	ADV
cblr-2952	1013	11	reluctant	reluctant	ADJ
cblr-2952	1013	12	to	to	PART
cblr-2952	1013	13	realize	realize	VERB
cblr-2952	1013	14	losses	loss	NOUN
cblr-2952	1013	15	in	in	ADP
cblr-2952	1013	16	investments	investment	NOUN
cblr-2952	1013	17	than	than	ADP
cblr-2952	1013	18	gains	gain	NOUN
cblr-2952	1013	19	)	)	PUNCT
cblr-2952	1013	20	.	.	PUNCT
cblr-2952	1014	1	227	227	NUM
cblr-2952	1014	2	see	see	VERB
cblr-2952	1014	3	bruce	bruce	PROPN
cblr-2952	1014	4	rader	rader	PROPN
cblr-2952	1014	5	&	&	CCONJ
cblr-2952	1014	6	shane	shane	PROPN
cblr-2952	1014	7	de	de	PROPN
cblr-2952	1014	8	bdrca	bdrca	PROPN
cblr-2952	1014	9	,	,	PUNCT
cblr-2952	1014	10	spacs	spac	NOUN
cblr-2952	1014	11	:	:	PUNCT
cblr-2952	1014	12	a	a	DET
cblr-2952	1014	13	sound	sound	ADJ
cblr-2952	1014	14	investment	investment	NOUN
cblr-2952	1014	15	or	or	CCONJ
cblr-2952	1014	16	blind	blind	ADJ
cblr-2952	1014	17	leap	leap	NOUN
cblr-2952	1014	18	of	of	ADP
cblr-2952	1014	19	faith	faith	NOUN
cblr-2952	1014	20	?	?	PUNCT
cblr-2952	1014	21	,	,	PUNCT
cblr-2952	1014	22	20	20	NUM
cblr-2952	1014	23	insights	insight	NOUN
cblr-2952	1014	24	:	:	PUNCT
cblr-2952	1014	25	corp	corp	PROPN
cblr-2952	1014	26	.	.	PROPN
cblr-2952	1014	27	&	&	CCONJ
cblr-2952	1014	28	sec	sec	PROPN
cblr-2952	1014	29	.	.	PROPN
cblr-2952	1014	30	law	law	PROPN
cblr-2952	1014	31	adv	adv	PROPN
cblr-2952	1014	32	.	.	PROPN
cblr-2952	1014	33	1	1	NUM
cblr-2952	1014	34	,	,	PUNCT
cblr-2952	1014	35	2	2	NUM
cblr-2952	1014	36	(	(	PUNCT
cblr-2952	1014	37	jan	jan	PROPN
cblr-2952	1014	38	.	.	PROPN
cblr-2952	1014	39	1	1	NUM
cblr-2952	1014	40	,	,	PUNCT
cblr-2952	1014	41	2006	2006	NUM
cblr-2952	1014	42	)	)	PUNCT
cblr-2952	1014	43	;	;	PUNCT
cblr-2952	1014	44	see	see	VERB
cblr-2952	1014	45	generally	generally	ADV
cblr-2952	1014	46	jenny	jenny	PROPN
cblr-2952	1014	47	anderson	anderson	PROPN
cblr-2952	1014	48	,	,	PUNCT
cblr-2952	1014	49	crave	crave	VERB
cblr-2952	1014	50	huge	huge	ADJ
cblr-2952	1014	51	risk	risk	NOUN
cblr-2952	1014	52	?	?	PUNCT
cblr-2952	1015	1	this	this	DET
cblr-2952	1015	2	investment	investment	NOUN
cblr-2952	1015	3	may	may	AUX
cblr-2952	1015	4	be	be	AUX
cblr-2952	1015	5	for	for	ADP
cblr-2952	1015	6	you	you	PRON
cblr-2952	1015	7	,	,	PUNCT
cblr-2952	1015	8	n.y	n.y	PROPN
cblr-2952	1015	9	.	.	PROPN
cblr-2952	1015	10	times	times	PROPN
cblr-2952	1015	11	,	,	PUNCT
cblr-2952	1015	12	sept	sept	PROPN
cblr-2952	1015	13	.	.	PROPN
cblr-2952	1015	14	23	23	NUM
cblr-2952	1015	15	,	,	PUNCT
cblr-2952	1015	16	2005	2005	NUM
cblr-2952	1015	17	(	(	PUNCT
cblr-2952	1015	18	highlighting	highlight	VERB
cblr-2952	1015	19	the	the	DET
cblr-2952	1015	20	risk	risk	NOUN
cblr-2952	1015	21	factors	factor	NOUN
cblr-2952	1015	22	associated	associate	VERB
cblr-2952	1015	23	with	with	ADP
cblr-2952	1015	24	public	public	ADJ
cblr-2952	1015	25	investing	investing	NOUN
cblr-2952	1015	26	in	in	ADP
cblr-2952	1015	27	a	a	DET
cblr-2952	1015	28	spac	spac	NOUN
cblr-2952	1015	29	)	)	PUNCT
cblr-2952	1015	30	.	.	PUNCT
cblr-2952	1016	1	no	no	INTJ
cblr-2952	1016	2	.	.	NOUN
cblr-2952	1017	1	1	1	NUM
cblr-2952	1017	2	:	:	SYM
cblr-2952	1017	3	1721	1721	NUM
cblr-2952	1017	4	black	black	ADJ
cblr-2952	1017	5	market	market	NOUN
cblr-2952	1017	6	capital	capital	NOUN
cblr-2952	1017	7	itself.28	itself.28	PROPN
cblr-2952	1017	8	ultimately	ultimately	ADV
cblr-2952	1017	9	,	,	PUNCT
cblr-2952	1017	10	a	a	DET
cblr-2952	1017	11	typical	typical	ADJ
cblr-2952	1017	12	spac	spac	NOUN
cblr-2952	1017	13	investor	investor	NOUN
cblr-2952	1017	14	is	be	AUX
cblr-2952	1017	15	left	leave	VERB
cblr-2952	1017	16	owning	own	VERB
cblr-2952	1017	17	an	an	DET
cblr-2952	1017	18	investment	investment	NOUN
cblr-2952	1017	19	in	in	ADP
cblr-2952	1017	20	a	a	DET
cblr-2952	1017	21	lone	lone	ADJ
cblr-2952	1017	22	company	company	NOUN
cblr-2952	1017	23	with	with	ADP
cblr-2952	1017	24	an	an	DET
cblr-2952	1017	25	approximate	approximate	ADJ
cblr-2952	1017	26	twenty	twenty	NUM
cblr-2952	1017	27	percent	percent	NOUN
cblr-2952	1017	28	ownership	ownership	NOUN
cblr-2952	1017	29	stake	stake	NOUN
cblr-2952	1017	30	provided	provide	VERB
cblr-2952	1017	31	to	to	ADP
cblr-2952	1017	32	the	the	DET
cblr-2952	1017	33	spac	spac	PROPN
cblr-2952	1017	34	's	's	PART
cblr-2952	1017	35	sponsors	sponsor	NOUN
cblr-2952	1017	36	at	at	ADP
cblr-2952	1017	37	negligible	negligible	ADJ
cblr-2952	1017	38	cost.229	cost.229	NOUN
cblr-2952	1017	39	this	this	DET
cblr-2952	1017	40	structure	structure	NOUN
cblr-2952	1017	41	attempts	attempt	VERB
cblr-2952	1017	42	to	to	PART
cblr-2952	1017	43	replicate	replicate	VERB
cblr-2952	1017	44	the	the	DET
cblr-2952	1017	45	compensation	compensation	NOUN
cblr-2952	1017	46	structure	structure	NOUN
cblr-2952	1017	47	of	of	ADP
cblr-2952	1017	48	private	private	ADJ
cblr-2952	1017	49	equity	equity	NOUN
cblr-2952	1017	50	,	,	PUNCT
cblr-2952	1017	51	but	but	CCONJ
cblr-2952	1017	52	with	with	ADP
cblr-2952	1017	53	significantly	significantly	ADV
cblr-2952	1017	54	more	more	ADJ
cblr-2952	1017	55	risk	risk	NOUN
cblr-2952	1017	56	than	than	ADP
cblr-2952	1017	57	a	a	DET
cblr-2952	1017	58	private	private	ADJ
cblr-2952	1017	59	equity	equity	NOUN
cblr-2952	1017	60	fund	fund	NOUN
cblr-2952	1017	61	investment	investment	NOUN
cblr-2952	1017	62	itself.2	itself.2	PROPN
cblr-2952	1017	63	'	'	PART
cblr-2952	1017	64	228	228	NUM
cblr-2952	1017	65	see	see	VERB
cblr-2952	1017	66	generally	generally	ADV
cblr-2952	1017	67	tom	tom	PROPN
cblr-2952	1017	68	weidig	weidig	PROPN
cblr-2952	1017	69	&	&	CCONJ
cblr-2952	1017	70	pierre	pierre	PROPN
cblr-2952	1017	71	-	-	PUNCT
cblr-2952	1017	72	yves	yve	NOUN
cblr-2952	1017	73	mathonet	mathonet	NOUN
cblr-2952	1017	74	,	,	PUNCT
cblr-2952	1017	75	the	the	DET
cblr-2952	1017	76	risk	risk	NOUN
cblr-2952	1017	77	profile	profile	NOUN
cblr-2952	1017	78	of	of	ADP
cblr-2952	1017	79	private	private	ADJ
cblr-2952	1017	80	equity	equity	NOUN
cblr-2952	1017	81	(	(	PUNCT
cblr-2952	1017	82	jan	jan	PROPN
cblr-2952	1017	83	.	.	PROPN
cblr-2952	1017	84	2004	2004	NUM
cblr-2952	1017	85	)	)	PUNCT
cblr-2952	1017	86	,	,	PUNCT
cblr-2952	1017	87	available	available	ADJ
cblr-2952	1017	88	at	at	ADP
cblr-2952	1017	89	http://ssrn.com/abstract=495482	http://ssrn.com/abstract=495482	PROPN
cblr-2952	1017	90	(	(	PUNCT
cblr-2952	1017	91	finding	find	VERB
cblr-2952	1017	92	private	private	ADJ
cblr-2952	1017	93	equity	equity	NOUN
cblr-2952	1017	94	funds	fund	NOUN
cblr-2952	1017	95	mitigate	mitigate	VERB
cblr-2952	1017	96	risk	risk	NOUN
cblr-2952	1017	97	and	and	CCONJ
cblr-2952	1017	98	offer	offer	VERB
cblr-2952	1017	99	greater	great	ADJ
cblr-2952	1017	100	diversification	diversification	NOUN
cblr-2952	1017	101	over	over	ADP
cblr-2952	1017	102	individualized	individualized	ADJ
cblr-2952	1017	103	private	private	ADJ
cblr-2952	1017	104	investments	investment	NOUN
cblr-2952	1017	105	)	)	PUNCT
cblr-2952	1017	106	.	.	PUNCT
cblr-2952	1018	1	229	229	NUM
cblr-2952	1019	1	a	a	DET
cblr-2952	1019	2	spac	spac	NOUN
cblr-2952	1019	3	acquisition	acquisition	NOUN
cblr-2952	1019	4	of	of	ADP
cblr-2952	1019	5	a	a	DET
cblr-2952	1019	6	private	private	ADJ
cblr-2952	1019	7	company	company	NOUN
cblr-2952	1019	8	also	also	ADV
cblr-2952	1019	9	side	side	NOUN
cblr-2952	1019	10	-	-	PUNCT
cblr-2952	1019	11	steps	step	NOUN
cblr-2952	1019	12	many	many	ADJ
cblr-2952	1019	13	of	of	ADP
cblr-2952	1019	14	the	the	DET
cblr-2952	1019	15	purposeful	purposeful	ADJ
cblr-2952	1019	16	informational	informational	ADJ
cblr-2952	1019	17	disclosure	disclosure	NOUN
cblr-2952	1019	18	requirements	requirement	NOUN
cblr-2952	1019	19	of	of	ADP
cblr-2952	1019	20	the	the	DET
cblr-2952	1019	21	securities	security	NOUN
cblr-2952	1019	22	act	act	NOUN
cblr-2952	1019	23	and	and	CCONJ
cblr-2952	1019	24	the	the	DET
cblr-2952	1019	25	exchange	exchange	NOUN
cblr-2952	1019	26	act	act	NOUN
cblr-2952	1019	27	because	because	SCONJ
cblr-2952	1019	28	the	the	DET
cblr-2952	1019	29	proxy	proxy	ADJ
cblr-2952	1019	30	statement	statement	NOUN
cblr-2952	1019	31	to	to	PART
cblr-2952	1019	32	approve	approve	VERB
cblr-2952	1019	33	the	the	DET
cblr-2952	1019	34	transaction	transaction	NOUN
cblr-2952	1019	35	,	,	PUNCT
cblr-2952	1019	36	which	which	PRON
cblr-2952	1019	37	includes	include	VERB
cblr-2952	1019	38	the	the	DET
cblr-2952	1019	39	relevant	relevant	ADJ
cblr-2952	1019	40	financial	financial	ADJ
cblr-2952	1019	41	and	and	CCONJ
cblr-2952	1019	42	other	other	ADJ
cblr-2952	1019	43	information	information	NOUN
cblr-2952	1019	44	,	,	PUNCT
cblr-2952	1019	45	is	be	AUX
cblr-2952	1019	46	not	not	PART
cblr-2952	1019	47	immediately	immediately	ADV
cblr-2952	1019	48	filed	file	VERB
cblr-2952	1019	49	,	,	PUNCT
cblr-2952	1019	50	yet	yet	CCONJ
cblr-2952	1019	51	investors	investor	NOUN
cblr-2952	1019	52	can	can	AUX
cblr-2952	1019	53	trade	trade	VERB
cblr-2952	1019	54	the	the	DET
cblr-2952	1019	55	spac	spac	NOUN
cblr-2952	1019	56	shares	share	NOUN
cblr-2952	1019	57	in	in	ADP
cblr-2952	1019	58	the	the	DET
cblr-2952	1019	59	interim	interim	NOUN
cblr-2952	1019	60	in	in	ADP
cblr-2952	1019	61	anticipation	anticipation	NOUN
cblr-2952	1019	62	of	of	ADP
cblr-2952	1019	63	the	the	DET
cblr-2952	1019	64	acquisition	acquisition	NOUN
cblr-2952	1019	65	.	.	PUNCT
cblr-2952	1020	1	in	in	ADP
cblr-2952	1020	2	addition	addition	NOUN
cblr-2952	1020	3	,	,	PUNCT
cblr-2952	1020	4	the	the	DET
cblr-2952	1020	5	typical	typical	ADJ
cblr-2952	1020	6	requirement	requirement	NOUN
cblr-2952	1020	7	that	that	SCONJ
cblr-2952	1020	8	a	a	DET
cblr-2952	1020	9	spac	spac	NOUN
cblr-2952	1020	10	consummate	consummate	VERB
cblr-2952	1020	11	an	an	DET
cblr-2952	1020	12	acquisition	acquisition	NOUN
cblr-2952	1020	13	within	within	ADP
cblr-2952	1020	14	eighteen	eighteen	NUM
cblr-2952	1020	15	months	month	NOUN
cblr-2952	1020	16	can	can	AUX
cblr-2952	1020	17	create	create	VERB
cblr-2952	1020	18	additional	additional	ADJ
cblr-2952	1020	19	distortions	distortion	NOUN
cblr-2952	1020	20	in	in	ADP
cblr-2952	1020	21	bargaining	bargaining	NOUN
cblr-2952	1020	22	incentives	incentive	NOUN
cblr-2952	1020	23	by	by	ADP
cblr-2952	1020	24	the	the	DET
cblr-2952	1020	25	spac	spac	PROPN
cblr-2952	1020	26	managers	manager	NOUN
cblr-2952	1020	27	as	as	SCONJ
cblr-2952	1020	28	they	they	PRON
cblr-2952	1020	29	face	face	VERB
cblr-2952	1020	30	pressure	pressure	NOUN
cblr-2952	1020	31	to	to	PART
cblr-2952	1020	32	complete	complete	VERB
cblr-2952	1020	33	an	an	DET
cblr-2952	1020	34	acquisition	acquisition	NOUN
cblr-2952	1020	35	within	within	ADP
cblr-2952	1020	36	this	this	DET
cblr-2952	1020	37	timetable	timetable	NOUN
cblr-2952	1020	38	.	.	PUNCT
cblr-2952	1021	1	see	see	VERB
cblr-2952	1021	2	,	,	PUNCT
cblr-2952	1021	3	e.g.	e.g.	ADV
cblr-2952	1021	4	,	,	PUNCT
cblr-2952	1021	5	endeavor	endeavor	VERB
cblr-2952	1021	6	definitive	definitive	ADJ
cblr-2952	1021	7	proxy	proxy	ADJ
cblr-2952	1021	8	statement	statement	NOUN
cblr-2952	1021	9	on	on	ADP
cblr-2952	1021	10	schedule	schedule	NOUN
cblr-2952	1021	11	14a	14a	NOUN
cblr-2952	1021	12	,	,	PUNCT
cblr-2952	1021	13	at	at	ADP
cblr-2952	1021	14	66	66	NUM
cblr-2952	1021	15	(	(	PUNCT
cblr-2952	1021	16	nov	nov	PROPN
cblr-2952	1021	17	.	.	PROPN
cblr-2952	1021	18	28	28	NUM
cblr-2952	1021	19	,	,	PUNCT
cblr-2952	1021	20	2007	2007	NUM
cblr-2952	1021	21	)	)	PUNCT
cblr-2952	1021	22	(	(	PUNCT
cblr-2952	1021	23	citing	cite	VERB
cblr-2952	1021	24	as	as	ADP
cblr-2952	1021	25	a	a	DET
cblr-2952	1021	26	reason	reason	NOUN
cblr-2952	1021	27	for	for	ADP
cblr-2952	1021	28	agreeing	agree	VERB
cblr-2952	1021	29	to	to	PART
cblr-2952	1021	30	pay	pay	VERB
cblr-2952	1021	31	increased	increase	VERB
cblr-2952	1021	32	consideration	consideration	NOUN
cblr-2952	1021	33	the	the	DET
cblr-2952	1021	34	minimal	minimal	ADJ
cblr-2952	1021	35	time	time	NOUN
cblr-2952	1021	36	remaining	remain	VERB
cblr-2952	1021	37	for	for	SCONJ
cblr-2952	1021	38	the	the	DET
cblr-2952	1021	39	spac	spac	PROPN
cblr-2952	1021	40	to	to	PART
cblr-2952	1021	41	complete	complete	VERB
cblr-2952	1021	42	the	the	DET
cblr-2952	1021	43	acquisition	acquisition	NOUN
cblr-2952	1021	44	)	)	PUNCT
cblr-2952	1021	45	.	.	PUNCT
cblr-2952	1022	1	230	230	NUM
cblr-2952	1022	2	the	the	DET
cblr-2952	1022	3	unique	unique	ADJ
cblr-2952	1022	4	risk	risk	NOUN
cblr-2952	1022	5	-	-	PUNCT
cblr-2952	1022	6	profile	profile	NOUN
cblr-2952	1022	7	of	of	ADP
cblr-2952	1022	8	spacs	spac	NOUN
cblr-2952	1022	9	made	make	VERB
cblr-2952	1022	10	them	they	PRON
cblr-2952	1022	11	quite	quite	ADV
cblr-2952	1022	12	controversial	controversial	ADJ
cblr-2952	1022	13	when	when	SCONJ
cblr-2952	1022	14	they	they	PRON
cblr-2952	1022	15	first	first	ADV
cblr-2952	1022	16	appeared	appear	VERB
cblr-2952	1022	17	as	as	ADP
cblr-2952	1022	18	blank	blank	ADJ
cblr-2952	1022	19	check	check	NOUN
cblr-2952	1022	20	companies	company	NOUN
cblr-2952	1022	21	in	in	ADP
cblr-2952	1022	22	the	the	DET
cblr-2952	1022	23	1980s	1980	NOUN
cblr-2952	1022	24	,	,	PUNCT
cblr-2952	1022	25	and	and	CCONJ
cblr-2952	1022	26	many	many	ADJ
cblr-2952	1022	27	were	be	AUX
cblr-2952	1022	28	associated	associate	VERB
cblr-2952	1022	29	with	with	ADP
cblr-2952	1022	30	poor	poor	ADJ
cblr-2952	1022	31	corporate	corporate	ADJ
cblr-2952	1022	32	governance	governance	NOUN
cblr-2952	1022	33	practices	practice	NOUN
cblr-2952	1022	34	and	and	CCONJ
cblr-2952	1022	35	outright	outright	ADJ
cblr-2952	1022	36	fraud	fraud	NOUN
cblr-2952	1022	37	.	.	PUNCT
cblr-2952	1023	1	see	see	VERB
cblr-2952	1023	2	diana	diana	PROPN
cblr-2952	1023	3	b.	b.	PROPN
cblr-2952	1023	4	henriques	henriques	PROPN
cblr-2952	1023	5	,	,	PUNCT
cblr-2952	1023	6	wall	wall	PROPN
cblr-2952	1023	7	street	street	PROPN
cblr-2952	1023	8	:	:	PUNCT
cblr-2952	1023	9	cleaning	clean	VERB
cblr-2952	1023	10	up	up	ADP
cblr-2952	1023	11	pennystock	pennystock	NOUN
cblr-2952	1023	12	fraud	fraud	NOUN
cblr-2952	1023	13	,	,	PUNCT
cblr-2952	1023	14	n.y	n.y	PROPN
cblr-2952	1023	15	.	.	PROPN
cblr-2952	1023	16	times	times	PROPN
cblr-2952	1023	17	,	,	PUNCT
cblr-2952	1023	18	apr	apr	PROPN
cblr-2952	1023	19	.	.	PROPN
cblr-2952	1023	20	15	15	NUM
cblr-2952	1023	21	,	,	PUNCT
cblr-2952	1023	22	1990	1990	NUM
cblr-2952	1023	23	,	,	PUNCT
cblr-2952	1023	24	at	at	ADP
cblr-2952	1023	25	c15	c15	NOUN
cblr-2952	1023	26	.	.	PUNCT
cblr-2952	1024	1	the	the	DET
cblr-2952	1024	2	sec	sec	PROPN
cblr-2952	1024	3	ultimately	ultimately	ADV
cblr-2952	1024	4	adopted	adopt	VERB
cblr-2952	1024	5	rule	rule	NOUN
cblr-2952	1024	6	419	419	NUM
cblr-2952	1024	7	under	under	ADP
cblr-2952	1024	8	the	the	DET
cblr-2952	1024	9	securities	security	NOUN
cblr-2952	1024	10	act	act	VERB
cblr-2952	1024	11	to	to	PART
cblr-2952	1024	12	regulate	regulate	VERB
cblr-2952	1024	13	their	their	PRON
cblr-2952	1024	14	activities	activity	NOUN
cblr-2952	1024	15	.	.	PUNCT
cblr-2952	1025	1	see	see	VERB
cblr-2952	1025	2	blank	blank	ADJ
cblr-2952	1025	3	check	check	NOUN
cblr-2952	1025	4	offerings	offering	NOUN
cblr-2952	1025	5	,	,	PUNCT
cblr-2952	1025	6	release	release	VERB
cblr-2952	1025	7	no	no	NOUN
cblr-2952	1025	8	.	.	PUNCT
cblr-2952	1026	1	33,6932	33,6932	NUM
cblr-2952	1026	2	,	,	PUNCT
cblr-2952	1026	3	[	[	X
cblr-2952	1026	4	1991	1991	NUM
cblr-2952	1026	5	-	-	SYM
cblr-2952	1026	6	1992	1992	NUM
cblr-2952	1026	7	transfer	transfer	NOUN
cblr-2952	1026	8	binder	binder	NOUN
cblr-2952	1026	9	]	]	PUNCT
cblr-2952	1026	10	fed	fed	PROPN
cblr-2952	1026	11	.	.	PUNCT
cblr-2952	1027	1	sec	sec	PROPN
cblr-2952	1027	2	.	.	PROPN
cblr-2952	1027	3	l.	l.	PROPN
cblr-2952	1027	4	rep	rep	PROPN
cblr-2952	1027	5	.	.	PROPN
cblr-2952	1027	6	(	(	PUNCT
cblr-2952	1027	7	cch	cch	PROPN
cblr-2952	1027	8	)	)	PUNCT
cblr-2952	1027	9	t	t	PROPN
cblr-2952	1027	10	84,937	84,937	NUM
cblr-2952	1027	11	(	(	PUNCT
cblr-2952	1027	12	apr	apr	PROPN
cblr-2952	1027	13	.	.	PROPN
cblr-2952	1027	14	13	13	NUM
cblr-2952	1027	15	,	,	PUNCT
cblr-2952	1027	16	1992	1992	NUM
cblr-2952	1027	17	)	)	PUNCT
cblr-2952	1027	18	.	.	PUNCT
cblr-2952	1028	1	however	however	ADV
cblr-2952	1028	2	,	,	PUNCT
cblr-2952	1028	3	if	if	SCONJ
cblr-2952	1028	4	the	the	DET
cblr-2952	1028	5	spac	spac	NOUN
cblr-2952	1028	6	has	have	VERB
cblr-2952	1028	7	net	net	ADJ
cblr-2952	1028	8	tangible	tangible	ADJ
cblr-2952	1028	9	assets	asset	NOUN
cblr-2952	1028	10	in	in	ADP
cblr-2952	1028	11	excess	excess	NOUN
cblr-2952	1028	12	of	of	ADP
cblr-2952	1028	13	five	five	NUM
cblr-2952	1028	14	million	million	NUM
cblr-2952	1028	15	dollars	dollar	NOUN
cblr-2952	1028	16	upon	upon	SCONJ
cblr-2952	1028	17	the	the	DET
cblr-2952	1028	18	successful	successful	ADJ
cblr-2952	1028	19	consummation	consummation	NOUN
cblr-2952	1028	20	of	of	ADP
cblr-2952	1028	21	its	its	PRON
cblr-2952	1028	22	offering	offering	NOUN
cblr-2952	1028	23	,	,	PUNCT
cblr-2952	1028	24	it	it	PRON
cblr-2952	1028	25	is	be	AUX
cblr-2952	1028	26	exempt	exempt	ADJ
cblr-2952	1028	27	from	from	ADP
cblr-2952	1028	28	rule	rule	NOUN
cblr-2952	1028	29	419	419	NUM
cblr-2952	1028	30	because	because	SCONJ
cblr-2952	1028	31	it	it	PRON
cblr-2952	1028	32	no	no	ADV
cblr-2952	1028	33	longer	long	ADV
cblr-2952	1028	34	is	be	AUX
cblr-2952	1028	35	considered	consider	VERB
cblr-2952	1028	36	a	a	DET
cblr-2952	1028	37	"	"	PUNCT
cblr-2952	1028	38	penny	penny	NOUN
cblr-2952	1028	39	stock	stock	NOUN
cblr-2952	1028	40	,	,	PUNCT
cblr-2952	1028	41	"	"	PUNCT
cblr-2952	1028	42	and	and	CCONJ
cblr-2952	1028	43	rule	rule	VERB
cblr-2952	1028	44	419	419	NUM
cblr-2952	1028	45	only	only	ADV
cblr-2952	1028	46	applies	apply	VERB
cblr-2952	1028	47	to	to	ADP
cblr-2952	1028	48	"	"	PUNCT
cblr-2952	1028	49	penny	penny	NOUN
cblr-2952	1028	50	stocks	stock	NOUN
cblr-2952	1028	51	.	.	PUNCT
cblr-2952	1028	52	"	"	PUNCT
cblr-2952	1029	1	17	17	NUM
cblr-2952	1029	2	cfr	cfr	NOUN
cblr-2952	1029	3	§	§	PROPN
cblr-2952	1029	4	240.3a51	240.3a51	PROPN
cblr-2952	1029	5	-	-	SYM
cblr-2952	1029	6	1	1	NUM
cblr-2952	1029	7	(	(	PUNCT
cblr-2952	1029	8	2007	2007	NUM
cblr-2952	1029	9	)	)	PUNCT
cblr-2952	1029	10	.	.	PUNCT
cblr-2952	1030	1	the	the	DET
cblr-2952	1030	2	majority	majority	NOUN
cblr-2952	1030	3	of	of	ADP
cblr-2952	1030	4	spacs	spac	NOUN
cblr-2952	1030	5	rely	rely	VERB
cblr-2952	1030	6	on	on	ADP
cblr-2952	1030	7	this	this	DET
cblr-2952	1030	8	exemption	exemption	NOUN
cblr-2952	1030	9	to	to	PART
cblr-2952	1030	10	escape	escape	VERB
cblr-2952	1030	11	the	the	DET
cblr-2952	1030	12	requirements	requirement	NOUN
cblr-2952	1030	13	of	of	ADP
cblr-2952	1030	14	rule	rule	NOUN
cblr-2952	1030	15	419	419	NUM
cblr-2952	1030	16	and	and	CCONJ
cblr-2952	1030	17	instead	instead	ADV
cblr-2952	1030	18	contractually	contractually	ADV
cblr-2952	1030	19	agree	agree	VERB
cblr-2952	1030	20	to	to	ADP
cblr-2952	1030	21	similar	similar	ADJ
cblr-2952	1030	22	but	but	CCONJ
cblr-2952	1030	23	less	less	ADV
cblr-2952	1030	24	demanding	demanding	ADJ
cblr-2952	1030	25	terms	term	NOUN
cblr-2952	1030	26	.	.	PUNCT
cblr-2952	1031	1	see	see	VERB
cblr-2952	1031	2	generally	generally	ADV
cblr-2952	1031	3	elizabeth	elizabeth	PROPN
cblr-2952	1031	4	hester	hester	PROPN
cblr-2952	1031	5	,	,	PUNCT
cblr-2952	1031	6	comeback	comeback	NOUN
cblr-2952	1031	7	of	of	ADP
cblr-2952	1031	8	'	'	PUNCT
cblr-2952	1031	9	blank	blank	ADJ
cblr-2952	1031	10	-	-	PUNCT
cblr-2952	1031	11	check	check	NOUN
cblr-2952	1031	12	'	'	PUNCT
cblr-2952	1031	13	stock	stock	NOUN
cblr-2952	1031	14	issues	issue	NOUN
cblr-2952	1031	15	has	have	VERB
cblr-2952	1031	16	u.s	u.s	PROPN
cblr-2952	1031	17	.	.	PROPN
cblr-2952	1031	18	regulators	regulator	NOUN
cblr-2952	1031	19	worried	worried	ADJ
cblr-2952	1031	20	,	,	PUNCT
cblr-2952	1031	21	int'l	int'l	ADP
cblr-2952	1031	22	herald	herald	PROPN
cblr-2952	1031	23	trib	trib	PROPN
cblr-2952	1031	24	.	.	PROPN
cblr-2952	1031	25	,	,	PUNCT
cblr-2952	1031	26	sept	sept	PROPN
cblr-2952	1031	27	.	.	PROPN
cblr-2952	1031	28	6	6	NUM
cblr-2952	1031	29	,	,	PUNCT
cblr-2952	1031	30	2006	2006	NUM
cblr-2952	1031	31	,	,	PUNCT
cblr-2952	1031	32	at	at	ADP
cblr-2952	1031	33	19	19	NUM
cblr-2952	1031	34	(	(	PUNCT
cblr-2952	1031	35	discussing	discuss	VERB
cblr-2952	1031	36	prior	prior	ADJ
cblr-2952	1031	37	scandals	scandal	NOUN
cblr-2952	1031	38	in	in	ADP
cblr-2952	1031	39	the	the	DET
cblr-2952	1031	40	1980s	1980	NOUN
cblr-2952	1031	41	and	and	CCONJ
cblr-2952	1031	42	early	early	ADJ
cblr-2952	1031	43	1990s	1990	NOUN
cblr-2952	1031	44	associated	associate	VERB
cblr-2952	1031	45	with	with	ADP
cblr-2952	1031	46	predecessor	predecessor	NOUN
cblr-2952	1031	47	forms	form	NOUN
cblr-2952	1031	48	of	of	ADP
cblr-2952	1031	49	spacs	spac	NOUN
cblr-2952	1031	50	)	)	PUNCT
cblr-2952	1031	51	.	.	PUNCT
cblr-2952	1032	1	the	the	DET
cblr-2952	1032	2	problems	problem	NOUN
cblr-2952	1032	3	and	and	CCONJ
cblr-2952	1032	4	risks	risk	NOUN
cblr-2952	1032	5	associated	associate	VERB
cblr-2952	1032	6	with	with	ADP
cblr-2952	1032	7	spacs	spac	NOUN
cblr-2952	1032	8	have	have	AUX
cblr-2952	1032	9	led	lead	VERB
cblr-2952	1032	10	both	both	CCONJ
cblr-2952	1032	11	the	the	DET
cblr-2952	1032	12	nasdaq	nasdaq	NOUN
cblr-2952	1032	13	and	and	CCONJ
cblr-2952	1032	14	the	the	DET
cblr-2952	1032	15	new	new	PROPN
cblr-2952	1032	16	york	york	PROPN
cblr-2952	1032	17	stock	stock	PROPN
cblr-2952	1032	18	exchange	exchange	PROPN
cblr-2952	1032	19	to	to	PART
cblr-2952	1032	20	refuse	refuse	VERB
cblr-2952	1032	21	to	to	PART
cblr-2952	1032	22	list	list	VERB
cblr-2952	1032	23	these	these	DET
cblr-2952	1032	24	vehicles	vehicle	NOUN
cblr-2952	1032	25	;	;	PUNCT
cblr-2952	1032	26	in	in	ADP
cblr-2952	1032	27	the	the	DET
cblr-2952	1032	28	col	col	PROPN
cblr-2952	1032	29	umbia	umbia	PROPN
cblr-2952	1032	30	b	b	PROPN
cblr-2952	1032	31	usiness	usiness	PROPN
cblr-2952	1032	32	la	la	PROPN
cblr-2952	1032	33	w	w	PROPN
cblr-2952	1032	34	re	re	PROPN
cblr-2952	1032	35	vie	vie	PROPN
cblr-2952	1032	36	w	w	PROPN
cblr-2952	1032	37	[	[	X
cblr-2952	1032	38	vol	vol	NOUN
cblr-2952	1032	39	.	.	NOUN
cblr-2952	1032	40	2008	2008	NUM
cblr-2952	1032	41	black	black	ADJ
cblr-2952	1032	42	market	market	NOUN
cblr-2952	1032	43	capital	capital	NOUN
cblr-2952	1032	44	the	the	DET
cblr-2952	1032	45	comparison	comparison	NOUN
cblr-2952	1032	46	of	of	ADP
cblr-2952	1032	47	these	these	DET
cblr-2952	1032	48	derivative	derivative	ADJ
cblr-2952	1032	49	investments	investment	NOUN
cblr-2952	1032	50	to	to	ADP
cblr-2952	1032	51	the	the	DET
cblr-2952	1032	52	hedge	hedge	NOUN
cblr-2952	1032	53	fund	fund	NOUN
cblr-2952	1032	54	and	and	CCONJ
cblr-2952	1032	55	private	private	ADJ
cblr-2952	1032	56	equity	equity	NOUN
cblr-2952	1032	57	fund	fund	NOUN
cblr-2952	1032	58	investments	investment	NOUN
cblr-2952	1032	59	they	they	PRON
cblr-2952	1032	60	attempt	attempt	VERB
cblr-2952	1032	61	to	to	PART
cblr-2952	1032	62	replicate	replicate	VERB
cblr-2952	1032	63	ultimately	ultimately	ADV
cblr-2952	1032	64	exposes	expose	VERB
cblr-2952	1032	65	the	the	DET
cblr-2952	1032	66	aberrational	aberrational	ADJ
cblr-2952	1032	67	market	market	NOUN
cblr-2952	1032	68	and	and	CCONJ
cblr-2952	1032	69	costs	cost	NOUN
cblr-2952	1032	70	which	which	DET
cblr-2952	1032	71	black	black	ADJ
cblr-2952	1032	72	market	market	NOUN
cblr-2952	1032	73	capital	capital	NOUN
cblr-2952	1032	74	engenders	engender	NOUN
cblr-2952	1032	75	.	.	PUNCT
cblr-2952	1033	1	investors	investor	NOUN
cblr-2952	1033	2	pursuing	pursue	VERB
cblr-2952	1033	3	the	the	DET
cblr-2952	1033	4	benefits	benefit	NOUN
cblr-2952	1033	5	of	of	ADP
cblr-2952	1033	6	hedge	hedge	NOUN
cblr-2952	1033	7	funds	fund	NOUN
cblr-2952	1033	8	and	and	CCONJ
cblr-2952	1033	9	private	private	ADJ
cblr-2952	1033	10	equity	equity	NOUN
cblr-2952	1033	11	invest	invest	VERB
cblr-2952	1033	12	in	in	ADP
cblr-2952	1033	13	suboptimal	suboptimal	ADJ
cblr-2952	1033	14	investments	investment	NOUN
cblr-2952	1033	15	compared	compare	VERB
cblr-2952	1033	16	to	to	ADP
cblr-2952	1033	17	hedge	hedge	VERB
cblr-2952	1033	18	fund	fund	NOUN
cblr-2952	1033	19	and	and	CCONJ
cblr-2952	1033	20	private	private	ADJ
cblr-2952	1033	21	equity	equity	NOUN
cblr-2952	1033	22	investments	investment	NOUN
cblr-2952	1033	23	themselves	themselves	PRON
cblr-2952	1033	24	.	.	PUNCT
cblr-2952	1034	1	these	these	DET
cblr-2952	1034	2	deficiencies	deficiency	NOUN
cblr-2952	1034	3	also	also	ADV
cblr-2952	1034	4	highlight	highlight	VERB
cblr-2952	1034	5	the	the	DET
cblr-2952	1034	6	obsolescence	obsolescence	NOUN
cblr-2952	1034	7	and	and	CCONJ
cblr-2952	1034	8	irrationality	irrationality	NOUN
cblr-2952	1034	9	of	of	ADP
cblr-2952	1034	10	current	current	ADJ
cblr-2952	1034	11	hedge	hedge	NOUN
cblr-2952	1034	12	fund	fund	NOUN
cblr-2952	1034	13	and	and	CCONJ
cblr-2952	1034	14	private	private	ADJ
cblr-2952	1034	15	equity	equity	NOUN
cblr-2952	1034	16	regulation	regulation	NOUN
cblr-2952	1034	17	.	.	PUNCT
cblr-2952	1035	1	black	black	ADJ
cblr-2952	1035	2	market	market	NOUN
cblr-2952	1035	3	capital	capital	NOUN
cblr-2952	1035	4	investments	investment	NOUN
cblr-2952	1035	5	,	,	PUNCT
cblr-2952	1035	6	derivative	derivative	NOUN
cblr-2952	1035	7	of	of	ADP
cblr-2952	1035	8	private	private	ADJ
cblr-2952	1035	9	equity	equity	NOUN
cblr-2952	1035	10	and	and	CCONJ
cblr-2952	1035	11	hedge	hedge	NOUN
cblr-2952	1035	12	fund	fund	NOUN
cblr-2952	1035	13	investments	investment	NOUN
cblr-2952	1035	14	,	,	PUNCT
cblr-2952	1035	15	are	be	AUX
cblr-2952	1035	16	equally	equally	ADV
cblr-2952	1035	17	as	as	ADV
cblr-2952	1035	18	risky	risky	ADJ
cblr-2952	1035	19	and	and	CCONJ
cblr-2952	1035	20	arguably	arguably	ADV
cblr-2952	1035	21	more	more	ADV
cblr-2952	1035	22	so	so	ADV
cblr-2952	1035	23	than	than	ADP
cblr-2952	1035	24	the	the	DET
cblr-2952	1035	25	fund	fund	NOUN
cblr-2952	1035	26	investments	investment	NOUN
cblr-2952	1035	27	for	for	ADP
cblr-2952	1035	28	which	which	PRON
cblr-2952	1035	29	they	they	PRON
cblr-2952	1035	30	substitute	substitute	VERB
cblr-2952	1035	31	.	.	PUNCT
cblr-2952	1036	1	this	this	PRON
cblr-2952	1036	2	is	be	AUX
cblr-2952	1036	3	aptly	aptly	ADV
cblr-2952	1036	4	illustrated	illustrate	VERB
cblr-2952	1036	5	not	not	PART
cblr-2952	1036	6	only	only	ADV
cblr-2952	1036	7	in	in	ADP
cblr-2952	1036	8	the	the	DET
cblr-2952	1036	9	case	case	NOUN
cblr-2952	1036	10	of	of	ADP
cblr-2952	1036	11	fund	fund	NOUN
cblr-2952	1036	12	advisers	adviser	NOUN
cblr-2952	1036	13	and	and	CCONJ
cblr-2952	1036	14	spacs	spac	NOUN
cblr-2952	1036	15	but	but	CCONJ
cblr-2952	1036	16	also	also	ADV
cblr-2952	1036	17	with	with	ADP
cblr-2952	1036	18	bdcs	bdcs	ADJ
cblr-2952	1036	19	and	and	CCONJ
cblr-2952	1036	20	stacs	stac	NOUN
cblr-2952	1036	21	that	that	PRON
cblr-2952	1036	22	are	be	AUX
cblr-2952	1036	23	marketed	market	VERB
cblr-2952	1036	24	as	as	ADP
cblr-2952	1036	25	substitutes	substitute	NOUN
cblr-2952	1036	26	for	for	ADP
cblr-2952	1036	27	private	private	ADJ
cblr-2952	1036	28	equity	equity	NOUN
cblr-2952	1036	29	and	and	CCONJ
cblr-2952	1036	30	hedge	hedge	NOUN
cblr-2952	1036	31	fund	fund	NOUN
cblr-2952	1036	32	returns	return	NOUN
cblr-2952	1036	33	.	.	PUNCT
cblr-2952	1036	34	"	"	PUNCT
cblr-2952	1037	1	yet	yet	ADV
cblr-2952	1037	2	,	,	PUNCT
cblr-2952	1037	3	the	the	DET
cblr-2952	1037	4	sec	sec	PROPN
cblr-2952	1037	5	is	be	AUX
cblr-2952	1037	6	increasingly	increasingly	ADV
cblr-2952	1037	7	prone	prone	ADJ
cblr-2952	1037	8	to	to	PART
cblr-2952	1037	9	further	far	ADV
cblr-2952	1037	10	restrict	restrict	VERB
cblr-2952	1037	11	public	public	ADJ
cblr-2952	1037	12	investment	investment	NOUN
cblr-2952	1037	13	in	in	ADP
cblr-2952	1037	14	hedge	hedge	NOUN
cblr-2952	1037	15	funds	fund	NOUN
cblr-2952	1037	16	and	and	CCONJ
cblr-2952	1037	17	private	private	ADJ
cblr-2952	1037	18	equity	equity	NOUN
cblr-2952	1037	19	on	on	ADP
cblr-2952	1037	20	the	the	DET
cblr-2952	1037	21	basis	basis	NOUN
cblr-2952	1037	22	of	of	ADP
cblr-2952	1037	23	their	their	PRON
cblr-2952	1037	24	alleged	allege	VERB
cblr-2952	1037	25	undue	undue	ADJ
cblr-2952	1037	26	risk.232	risk.232	ADP
cblr-2952	1037	27	the	the	DET
cblr-2952	1037	28	failure	failure	NOUN
cblr-2952	1037	29	of	of	ADP
cblr-2952	1037	30	the	the	DET
cblr-2952	1037	31	sec	sec	PROPN
cblr-2952	1037	32	to	to	PART
cblr-2952	1037	33	similarly	similarly	ADV
cblr-2952	1037	34	apply	apply	VERB
cblr-2952	1037	35	such	such	ADJ
cblr-2952	1037	36	regulatory	regulatory	ADJ
cblr-2952	1037	37	scrutiny	scrutiny	NOUN
cblr-2952	1037	38	to	to	ADP
cblr-2952	1037	39	these	these	DET
cblr-2952	1037	40	black	black	ADJ
cblr-2952	1037	41	market	market	NOUN
cblr-2952	1037	42	capital	capital	NOUN
cblr-2952	1037	43	investments	investment	NOUN
cblr-2952	1037	44	is	be	AUX
cblr-2952	1037	45	inexplicable	inexplicable	ADJ
cblr-2952	1037	46	,	,	PUNCT
cblr-2952	1037	47	particularly	particularly	ADV
cblr-2952	1037	48	in	in	ADP
cblr-2952	1037	49	light	light	NOUN
cblr-2952	1037	50	of	of	ADP
cblr-2952	1037	51	the	the	DET
cblr-2952	1037	52	apparent	apparent	ADJ
cblr-2952	1037	53	greater	great	ADJ
cblr-2952	1037	54	risk	risk	NOUN
cblr-2952	1037	55	and	and	CCONJ
cblr-2952	1037	56	negative	negative	ADJ
cblr-2952	1037	57	social	social	ADJ
cblr-2952	1037	58	costs	cost	NOUN
cblr-2952	1037	59	they	they	PRON
cblr-2952	1037	60	impose	impose	VERB
cblr-2952	1037	61	.	.	PUNCT
cblr-2952	1038	1	2	2	X
cblr-2952	1038	2	.	.	X
cblr-2952	1038	3	black	black	ADJ
cblr-2952	1038	4	market	market	NOUN
cblr-2952	1038	5	markets	market	VERB
cblr-2952	1038	6	the	the	DET
cblr-2952	1038	7	black	black	ADJ
cblr-2952	1038	8	market	market	NOUN
cblr-2952	1038	9	markets	market	NOUN
cblr-2952	1038	10	that	that	PRON
cblr-2952	1038	11	have	have	AUX
cblr-2952	1038	12	arisen	arise	VERB
cblr-2952	1038	13	in	in	ADP
cblr-2952	1038	14	part	part	NOUN
cblr-2952	1038	15	due	due	ADP
cblr-2952	1038	16	to	to	ADP
cblr-2952	1038	17	black	black	ADJ
cblr-2952	1038	18	market	market	NOUN
cblr-2952	1038	19	capital	capital	NOUN
cblr-2952	1038	20	raise	raise	VERB
cblr-2952	1038	21	similar	similar	ADJ
cblr-2952	1038	22	issues	issue	NOUN
cblr-2952	1038	23	of	of	ADP
cblr-2952	1038	24	regulatory	regulatory	ADJ
cblr-2952	1038	25	irrationality	irrationality	NOUN
cblr-2952	1038	26	and	and	CCONJ
cblr-2952	1038	27	uneconomic	uneconomic	ADJ
cblr-2952	1038	28	market	market	NOUN
cblr-2952	1038	29	distortion	distortion	NOUN
cblr-2952	1038	30	.	.	PUNCT
cblr-2952	1039	1	this	this	PRON
cblr-2952	1039	2	is	be	AUX
cblr-2952	1039	3	true	true	ADJ
cblr-2952	1039	4	both	both	PRON
cblr-2952	1039	5	of	of	ADP
cblr-2952	1039	6	non	non	ADJ
cblr-2952	1039	7	-	-	ADJ
cblr-2952	1039	8	u.s	u.s	ADJ
cblr-2952	1039	9	.	.	PROPN
cblr-2952	1039	10	market	market	NOUN
cblr-2952	1039	11	investing	investing	NOUN
cblr-2952	1039	12	and	and	CCONJ
cblr-2952	1039	13	emergent	emergent	ADJ
cblr-2952	1039	14	u.s	u.s	PROPN
cblr-2952	1039	15	.	.	PROPN
cblr-2952	1039	16	private	private	ADJ
cblr-2952	1039	17	markets	market	NOUN
cblr-2952	1039	18	.	.	PUNCT
cblr-2952	1040	1	these	these	DET
cblr-2952	1040	2	markets	market	NOUN
cblr-2952	1040	3	now	now	ADV
cblr-2952	1040	4	offer	offer	VERB
cblr-2952	1040	5	opportunities	opportunity	NOUN
cblr-2952	1040	6	to	to	PART
cblr-2952	1040	7	invest	invest	VERB
cblr-2952	1040	8	in	in	ADP
cblr-2952	1040	9	hedge	hedge	NOUN
cblr-2952	1040	10	funds	fund	NOUN
cblr-2952	1040	11	and	and	CCONJ
cblr-2952	1040	12	private	private	ADJ
cblr-2952	1040	13	equity	equity	NOUN
cblr-2952	1040	14	and	and	CCONJ
cblr-2952	1040	15	their	their	PRON
cblr-2952	1040	16	derivative	derivative	ADJ
cblr-2952	1040	17	products	product	NOUN
cblr-2952	1040	18	.	.	PUNCT
cblr-2952	1041	1	yet	yet	ADV
cblr-2952	1041	2	,	,	PUNCT
cblr-2952	1041	3	this	this	DET
cblr-2952	1041	4	investment	investment	NOUN
cblr-2952	1041	5	is	be	AUX
cblr-2952	1041	6	economically	economically	ADV
cblr-2952	1041	7	inefficient	inefficient	ADJ
cblr-2952	1041	8	from	from	ADP
cblr-2952	1041	9	both	both	CCONJ
cblr-2952	1041	10	a	a	DET
cblr-2952	1041	11	regulatory	regulatory	ADJ
cblr-2952	1041	12	and	and	CCONJ
cblr-2952	1041	13	investor	investor	NOUN
cblr-2952	1041	14	perspective	perspective	NOUN
cblr-2952	1041	15	.	.	PUNCT
cblr-2952	1042	1	united	united	PROPN
cblr-2952	1042	2	states	states	PROPN
cblr-2952	1042	3	they	they	PRON
cblr-2952	1042	4	currently	currently	ADV
cblr-2952	1042	5	list	list	VERB
cblr-2952	1042	6	primarily	primarily	ADV
cblr-2952	1042	7	on	on	ADP
cblr-2952	1042	8	the	the	DET
cblr-2952	1042	9	american	american	ADJ
cblr-2952	1042	10	stock	stock	PROPN
cblr-2952	1042	11	exchange	exchange	PROPN
cblr-2952	1042	12	.	.	PUNCT
cblr-2952	1043	1	"	"	PUNCT
cblr-2952	1043	2	'	'	PUNCT
cblr-2952	1043	3	an	an	DET
cblr-2952	1043	4	exploration	exploration	NOUN
cblr-2952	1043	5	of	of	ADP
cblr-2952	1043	6	the	the	DET
cblr-2952	1043	7	attenuated	attenuate	VERB
cblr-2952	1043	8	risk	risk	NOUN
cblr-2952	1043	9	of	of	ADP
cblr-2952	1043	10	each	each	PRON
cblr-2952	1043	11	of	of	ADP
cblr-2952	1043	12	these	these	DET
cblr-2952	1043	13	investments	investment	NOUN
cblr-2952	1043	14	is	be	AUX
cblr-2952	1043	15	beyond	beyond	ADP
cblr-2952	1043	16	the	the	DET
cblr-2952	1043	17	scope	scope	NOUN
cblr-2952	1043	18	of	of	ADP
cblr-2952	1043	19	this	this	DET
cblr-2952	1043	20	article	article	NOUN
cblr-2952	1043	21	.	.	PUNCT
cblr-2952	1044	1	but	but	CCONJ
cblr-2952	1044	2	the	the	DET
cblr-2952	1044	3	issues	issue	NOUN
cblr-2952	1044	4	with	with	ADP
cblr-2952	1044	5	these	these	DET
cblr-2952	1044	6	investments	investment	NOUN
cblr-2952	1044	7	,	,	PUNCT
cblr-2952	1044	8	which	which	PRON
cblr-2952	1044	9	attempt	attempt	VERB
cblr-2952	1044	10	to	to	PART
cblr-2952	1044	11	mimic	mimic	VERB
cblr-2952	1044	12	hedge	hedge	NOUN
cblr-2952	1044	13	fund	fund	NOUN
cblr-2952	1044	14	and	and	CCONJ
cblr-2952	1044	15	private	private	ADJ
cblr-2952	1044	16	equity	equity	NOUN
cblr-2952	1044	17	firms	firm	NOUN
cblr-2952	1044	18	,	,	PUNCT
cblr-2952	1044	19	are	be	AUX
cblr-2952	1044	20	similar	similar	ADJ
cblr-2952	1044	21	to	to	ADP
cblr-2952	1044	22	those	those	PRON
cblr-2952	1044	23	of	of	ADP
cblr-2952	1044	24	fund	fund	NOUN
cblr-2952	1044	25	adviser	adviser	NOUN
cblr-2952	1044	26	investments	investment	NOUN
cblr-2952	1044	27	and	and	CCONJ
cblr-2952	1044	28	spacs	spac	NOUN
cblr-2952	1044	29	.	.	PUNCT
cblr-2952	1045	1	212	212	NUM
cblr-2952	1045	2	see	see	VERB
cblr-2952	1045	3	supra	supra	PROPN
cblr-2952	1045	4	notes	note	VERB
cblr-2952	1045	5	144	144	NUM
cblr-2952	1045	6	-	-	SYM
cblr-2952	1045	7	150	150	NUM
cblr-2952	1045	8	and	and	CCONJ
cblr-2952	1045	9	accompanying	accompany	VERB
cblr-2952	1045	10	text	text	NOUN
cblr-2952	1045	11	.	.	PUNCT
cblr-2952	1046	1	no	no	INTJ
cblr-2952	1046	2	.	.	NOUN
cblr-2952	1047	1	1	1	NUM
cblr-2952	1047	2	:	:	SYM
cblr-2952	1047	3	1721	1721	NUM
cblr-2952	1047	4	columbia	columbia	PROPN
cblr-2952	1047	5	business	business	PROPN
cblr-2952	1047	6	law	law	PROPN
cblr-2952	1047	7	review	review	VERB
cblr-2952	1047	8	u.s	u.s	PROPN
cblr-2952	1047	9	.	.	PROPN
cblr-2952	1047	10	investors	investor	NOUN
cblr-2952	1047	11	investing	invest	VERB
cblr-2952	1047	12	in	in	ADP
cblr-2952	1047	13	hedge	hedge	NOUN
cblr-2952	1047	14	funds	fund	NOUN
cblr-2952	1047	15	and	and	CCONJ
cblr-2952	1047	16	private	private	ADJ
cblr-2952	1047	17	equity	equity	NOUN
cblr-2952	1047	18	in	in	ADP
cblr-2952	1047	19	foreign	foreign	ADJ
cblr-2952	1047	20	markets	market	NOUN
cblr-2952	1047	21	do	do	VERB
cblr-2952	1047	22	so	so	ADV
cblr-2952	1047	23	legally	legally	ADV
cblr-2952	1047	24	through	through	ADP
cblr-2952	1047	25	brokerage	brokerage	NOUN
cblr-2952	1047	26	accounts	account	NOUN
cblr-2952	1047	27	that	that	PRON
cblr-2952	1047	28	provide	provide	VERB
cblr-2952	1047	29	access	access	NOUN
cblr-2952	1047	30	to	to	ADP
cblr-2952	1047	31	foreign	foreign	ADJ
cblr-2952	1047	32	trading	trading	NOUN
cblr-2952	1047	33	markets	market	NOUN
cblr-2952	1047	34	.	.	PUNCT
cblr-2952	1048	1	this	this	DET
cblr-2952	1048	2	product	product	NOUN
cblr-2952	1048	3	is	be	AUX
cblr-2952	1048	4	increasingly	increasingly	ADV
cblr-2952	1048	5	provided	provide	VERB
cblr-2952	1048	6	by	by	ADP
cblr-2952	1048	7	u.s	u.s	PROPN
cblr-2952	1048	8	.	.	PROPN
cblr-2952	1048	9	brokerages	brokerage	NOUN
cblr-2952	1048	10	and	and	CCONJ
cblr-2952	1048	11	utilized	utilize	VERB
cblr-2952	1048	12	by	by	ADP
cblr-2952	1048	13	u.s	u.s	PROPN
cblr-2952	1048	14	.	.	PROPN
cblr-2952	1048	15	investors	investor	NOUN
cblr-2952	1048	16	.	.	PUNCT
cblr-2952	1049	1	3	3	NUM
cblr-2952	1049	2	moreover	moreover	ADV
cblr-2952	1049	3	,	,	PUNCT
cblr-2952	1049	4	the	the	DET
cblr-2952	1049	5	sec	sec	PROPN
cblr-2952	1049	6	is	be	AUX
cblr-2952	1049	7	internally	internally	ADV
cblr-2952	1049	8	considering	consider	VERB
cblr-2952	1049	9	loosening	loosen	VERB
cblr-2952	1049	10	the	the	DET
cblr-2952	1049	11	restrictions	restriction	NOUN
cblr-2952	1049	12	on	on	ADP
cblr-2952	1049	13	foreign	foreign	ADJ
cblr-2952	1049	14	trading	trading	NOUN
cblr-2952	1049	15	in	in	ADP
cblr-2952	1049	16	the	the	DET
cblr-2952	1049	17	united	united	PROPN
cblr-2952	1049	18	states	states	PROPN
cblr-2952	1049	19	to	to	PART
cblr-2952	1049	20	permit	permit	VERB
cblr-2952	1049	21	greater	great	ADJ
cblr-2952	1049	22	access	access	NOUN
cblr-2952	1049	23	by	by	ADP
cblr-2952	1049	24	u.s	u.s	PROPN
cblr-2952	1049	25	.	.	PROPN
cblr-2952	1049	26	investors	investor	NOUN
cblr-2952	1049	27	to	to	ADP
cblr-2952	1049	28	non	non	ADJ
cblr-2952	1049	29	-	-	ADJ
cblr-2952	1049	30	u.s.-listed	u.s.-listed	ADJ
cblr-2952	1049	31	securities	security	NOUN
cblr-2952	1049	32	.	.	PUNCT
cblr-2952	1050	1	34	34	NUM
cblr-2952	1051	1	yet	yet	ADV
cblr-2952	1051	2	,	,	PUNCT
cblr-2952	1051	3	u.s	u.s	PROPN
cblr-2952	1051	4	.	.	PROPN
cblr-2952	1051	5	investors	investor	NOUN
cblr-2952	1051	6	who	who	PRON
cblr-2952	1051	7	invest	invest	VERB
cblr-2952	1051	8	abroad	abroad	ADV
cblr-2952	1051	9	lack	lack	NOUN
cblr-2952	1051	10	even	even	ADV
cblr-2952	1051	11	the	the	DET
cblr-2952	1051	12	bare	bare	ADJ
cblr-2952	1051	13	protections	protection	NOUN
cblr-2952	1051	14	of	of	ADP
cblr-2952	1051	15	the	the	DET
cblr-2952	1051	16	federal	federal	ADJ
cblr-2952	1051	17	securities	security	NOUN
cblr-2952	1051	18	laws	law	NOUN
cblr-2952	1051	19	and	and	CCONJ
cblr-2952	1051	20	the	the	DET
cblr-2952	1051	21	private	private	ADJ
cblr-2952	1051	22	and	and	CCONJ
cblr-2952	1051	23	public	public	ADJ
cblr-2952	1051	24	enforcement	enforcement	NOUN
cblr-2952	1051	25	these	these	DET
cblr-2952	1051	26	laws	law	NOUN
cblr-2952	1051	27	provide	provide	VERB
cblr-2952	1051	28	.	.	PUNCT
cblr-2952	1052	1	the	the	DET
cblr-2952	1052	2	transaction	transaction	NOUN
cblr-2952	1052	3	costs	cost	NOUN
cblr-2952	1052	4	associated	associate	VERB
cblr-2952	1052	5	with	with	ADP
cblr-2952	1052	6	such	such	ADJ
cblr-2952	1052	7	investments	investment	NOUN
cblr-2952	1052	8	are	be	AUX
cblr-2952	1052	9	higher	high	ADJ
cblr-2952	1052	10	,	,	PUNCT
cblr-2952	1052	11	transparency	transparency	NOUN
cblr-2952	1052	12	and	and	CCONJ
cblr-2952	1052	13	pricing	pricing	NOUN
cblr-2952	1052	14	are	be	AUX
cblr-2952	1052	15	often	often	ADV
cblr-2952	1052	16	less	less	ADJ
cblr-2952	1052	17	than	than	ADP
cblr-2952	1052	18	optimal	optimal	ADJ
cblr-2952	1052	19	,	,	PUNCT
cblr-2952	1052	20	and	and	CCONJ
cblr-2952	1052	21	execution	execution	NOUN
cblr-2952	1052	22	is	be	AUX
cblr-2952	1052	23	delayed	delay	VERB
cblr-2952	1052	24	.	.	PUNCT
cblr-2952	1053	1	"	"	PUNCT
cblr-2952	1053	2	'	'	PUNCT
cblr-2952	1053	3	the	the	DET
cblr-2952	1053	4	result	result	NOUN
cblr-2952	1053	5	is	be	AUX
cblr-2952	1053	6	that	that	SCONJ
cblr-2952	1053	7	u.s	u.s	PROPN
cblr-2952	1053	8	.	.	PROPN
cblr-2952	1053	9	investors	investor	NOUN
cblr-2952	1053	10	are	be	AUX
cblr-2952	1053	11	permitted	permit	VERB
cblr-2952	1053	12	to	to	PART
cblr-2952	1053	13	legally	legally	ADV
cblr-2952	1053	14	invest	invest	VERB
cblr-2952	1053	15	in	in	ADP
cblr-2952	1053	16	these	these	DET
cblr-2952	1053	17	investments	investment	NOUN
cblr-2952	1053	18	,	,	PUNCT
cblr-2952	1053	19	but	but	CCONJ
cblr-2952	1053	20	do	do	AUX
cblr-2952	1053	21	not	not	PART
cblr-2952	1053	22	have	have	VERB
cblr-2952	1053	23	the	the	DET
cblr-2952	1053	24	benefits	benefit	NOUN
cblr-2952	1053	25	of	of	ADP
cblr-2952	1053	26	the	the	DET
cblr-2952	1053	27	u.s	u.s	PROPN
cblr-2952	1053	28	.	.	PROPN
cblr-2952	1053	29	securities	securities	PROPN
cblr-2952	1053	30	law	law	NOUN
cblr-2952	1053	31	enforcement	enforcement	NOUN
cblr-2952	1053	32	and	and	CCONJ
cblr-2952	1053	33	supervisory	supervisory	ADJ
cblr-2952	1053	34	regime	regime	NOUN
cblr-2952	1053	35	or	or	CCONJ
cblr-2952	1053	36	the	the	DET
cblr-2952	1053	37	u.s	u.s	PROPN
cblr-2952	1053	38	.	.	PROPN
cblr-2952	1053	39	brokerage	brokerage	NOUN
cblr-2952	1053	40	protection	protection	NOUN
cblr-2952	1053	41	scheme	scheme	NOUN
cblr-2952	1053	42	.	.	PUNCT
cblr-2952	1054	1	the	the	DET
cblr-2952	1054	2	rationale	rationale	NOUN
cblr-2952	1054	3	for	for	ADP
cblr-2952	1054	4	this	this	DET
cblr-2952	1054	5	distinction	distinction	NOUN
cblr-2952	1054	6	is	be	AUX
cblr-2952	1054	7	questionable	questionable	ADJ
cblr-2952	1054	8	.	.	PUNCT
cblr-2952	1055	1	if	if	SCONJ
cblr-2952	1055	2	the	the	DET
cblr-2952	1055	3	sec	sec	PROPN
cblr-2952	1055	4	considers	consider	VERB
cblr-2952	1055	5	hedge	hedge	NOUN
cblr-2952	1055	6	fund	fund	NOUN
cblr-2952	1055	7	and	and	CCONJ
cblr-2952	1055	8	private	private	ADJ
cblr-2952	1055	9	equity	equity	NOUN
cblr-2952	1055	10	investments	investment	NOUN
cblr-2952	1055	11	too	too	ADV
cblr-2952	1055	12	risky	risky	ADJ
cblr-2952	1055	13	for	for	ADP
cblr-2952	1055	14	u.s	u.s	PROPN
cblr-2952	1055	15	.	.	PROPN
cblr-2952	1055	16	public	public	ADJ
cblr-2952	1055	17	investors	investor	NOUN
cblr-2952	1055	18	,	,	PUNCT
cblr-2952	1055	19	there	there	PRON
cblr-2952	1055	20	is	be	VERB
cblr-2952	1055	21	no	no	DET
cblr-2952	1055	22	reason	reason	NOUN
cblr-2952	1055	23	the	the	DET
cblr-2952	1055	24	sec	sec	PROPN
cblr-2952	1055	25	should	should	AUX
cblr-2952	1055	26	permit	permit	VERB
cblr-2952	1055	27	u.s	u.s	PROPN
cblr-2952	1055	28	.	.	PROPN
cblr-2952	1055	29	investors	investor	NOUN
cblr-2952	1055	30	to	to	PART
cblr-2952	1055	31	make	make	VERB
cblr-2952	1055	32	foreign	foreign	ADJ
cblr-2952	1055	33	purchases	purchase	NOUN
cblr-2952	1055	34	of	of	ADP
cblr-2952	1055	35	such	such	ADJ
cblr-2952	1055	36	investments	investment	NOUN
cblr-2952	1055	37	.	.	PUNCT
cblr-2952	1056	1	this	this	PRON
cblr-2952	1056	2	is	be	AUX
cblr-2952	1056	3	particularly	particularly	ADV
cblr-2952	1056	4	true	true	ADJ
cblr-2952	1056	5	since	since	SCONJ
cblr-2952	1056	6	a	a	DET
cblr-2952	1056	7	foreign	foreign	ADJ
cblr-2952	1056	8	investment	investment	NOUN
cblr-2952	1056	9	is	be	AUX
cblr-2952	1056	10	made	make	VERB
cblr-2952	1056	11	without	without	ADP
cblr-2952	1056	12	sec	sec	PROPN
cblr-2952	1056	13	regulatory	regulatory	ADJ
cblr-2952	1056	14	oversight	oversight	NOUN
cblr-2952	1056	15	and	and	CCONJ
cblr-2952	1056	16	provides	provide	VERB
cblr-2952	1056	17	investors	investor	NOUN
cblr-2952	1056	18	with	with	ADP
cblr-2952	1056	19	no	no	DET
cblr-2952	1056	20	effective	effective	ADJ
cblr-2952	1056	21	u.s	u.s	PROPN
cblr-2952	1056	22	.	.	PROPN
cblr-2952	1056	23	securities	security	NOUN
cblr-2952	1056	24	law	law	NOUN
cblr-2952	1056	25	remedy	remedy	NOUN
cblr-2952	1056	26	;	;	PUNCT
cblr-2952	1056	27	it	it	PRON
cblr-2952	1056	28	can	can	AUX
cblr-2952	1056	29	therefore	therefore	ADV
cblr-2952	1056	30	be	be	AUX
cblr-2952	1056	31	a	a	DET
cblr-2952	1056	32	more	more	ADV
cblr-2952	1056	33	risky	risky	ADJ
cblr-2952	1056	34	and	and	CCONJ
cblr-2952	1056	35	costly	costly	ADJ
cblr-2952	1056	36	investment	investment	NOUN
cblr-2952	1056	37	than	than	ADP
cblr-2952	1056	38	a	a	DET
cblr-2952	1056	39	prohibited	prohibit	VERB
cblr-2952	1056	40	u.s.-based	u.s.-based	ADJ
cblr-2952	1056	41	purchase	purchase	NOUN
cblr-2952	1056	42	of	of	ADP
cblr-2952	1056	43	hedge	hedge	NOUN
cblr-2952	1056	44	funds	fund	NOUN
cblr-2952	1056	45	and	and	CCONJ
cblr-2952	1056	46	private	private	ADJ
cblr-2952	1056	47	equity	equity	NOUN
cblr-2952	1056	48	funds.3	funds.3	PROPN
cblr-2952	1056	49	'	'	PART
cblr-2952	1056	50	private	private	ADJ
cblr-2952	1056	51	markets	market	NOUN
cblr-2952	1056	52	in	in	ADP
cblr-2952	1056	53	the	the	DET
cblr-2952	1056	54	united	united	PROPN
cblr-2952	1056	55	states	states	PROPN
cblr-2952	1056	56	such	such	ADJ
cblr-2952	1056	57	as	as	ADP
cblr-2952	1056	58	portal	portal	ADJ
cblr-2952	1056	59	alliance	alliance	NOUN
cblr-2952	1056	60	do	do	AUX
cblr-2952	1056	61	not	not	PART
cblr-2952	1056	62	raise	raise	VERB
cblr-2952	1056	63	similar	similar	ADJ
cblr-2952	1056	64	issues	issue	NOUN
cblr-2952	1056	65	of	of	ADP
cblr-2952	1056	66	public	public	ADJ
cblr-2952	1056	67	investment	investment	NOUN
cblr-2952	1056	68	and	and	CCONJ
cblr-2952	1056	69	233	233	NUM
cblr-2952	1056	70	see	see	VERB
cblr-2952	1056	71	aaron	aaron	PROPN
cblr-2952	1056	72	lucchetti	lucchetti	PROPN
cblr-2952	1056	73	,	,	PUNCT
cblr-2952	1056	74	how	how	SCONJ
cblr-2952	1056	75	to	to	PART
cblr-2952	1056	76	buy	buy	VERB
cblr-2952	1056	77	foreign	foreign	ADJ
cblr-2952	1056	78	shares	share	NOUN
cblr-2952	1056	79	,	,	PUNCT
cblr-2952	1057	1	wall	wall	PROPN
cblr-2952	1057	2	st	st	PROPN
cblr-2952	1057	3	.	.	PROPN
cblr-2952	1057	4	j.	j.	PROPN
cblr-2952	1057	5	,	,	PUNCT
cblr-2952	1057	6	aug	aug	PROPN
cblr-2952	1057	7	.	.	PROPN
cblr-2952	1057	8	12	12	NUM
cblr-2952	1057	9	,	,	PUNCT
cblr-2952	1057	10	2006	2006	NUM
cblr-2952	1057	11	,	,	PUNCT
cblr-2952	1057	12	at	at	ADP
cblr-2952	1057	13	b1	b1	NOUN
cblr-2952	1057	14	.	.	PUNCT
cblr-2952	1057	15	'	'	PUNCT
cblr-2952	1058	1	see	see	VERB
cblr-2952	1058	2	ethiopis	ethiopis	PROPN
cblr-2952	1058	3	tafara	tafara	PROPN
cblr-2952	1058	4	&	&	CCONJ
cblr-2952	1058	5	robert	robert	PROPN
cblr-2952	1058	6	j.	j.	PROPN
cblr-2952	1058	7	peterson	peterson	PROPN
cblr-2952	1058	8	,	,	PUNCT
cblr-2952	1058	9	a	a	DET
cblr-2952	1058	10	blueprint	blueprint	NOUN
cblr-2952	1058	11	for	for	ADP
cblr-2952	1058	12	crossborder	crossborder	NOUN
cblr-2952	1058	13	access	access	NOUN
cblr-2952	1058	14	to	to	ADP
cblr-2952	1058	15	u.s	u.s	PROPN
cblr-2952	1058	16	.	.	PROPN
cblr-2952	1058	17	investors	investor	NOUN
cblr-2952	1058	18	:	:	PUNCT
cblr-2952	1058	19	a	a	DET
cblr-2952	1058	20	new	new	ADJ
cblr-2952	1058	21	international	international	ADJ
cblr-2952	1058	22	framework	framework	NOUN
cblr-2952	1058	23	,	,	PUNCT
cblr-2952	1058	24	48	48	NUM
cblr-2952	1058	25	harv	harv	NOUN
cblr-2952	1058	26	.	.	PUNCT
cblr-2952	1059	1	int'l	int'l	PROPN
cblr-2952	1059	2	l.j	l.j	PROPN
cblr-2952	1059	3	.	.	PROPN
cblr-2952	1059	4	31	31	NUM
cblr-2952	1059	5	(	(	PUNCT
cblr-2952	1059	6	2007	2007	NUM
cblr-2952	1059	7	)	)	PUNCT
cblr-2952	1059	8	(	(	PUNCT
cblr-2952	1059	9	advocating	advocate	VERB
cblr-2952	1059	10	sec	sec	PROPN
cblr-2952	1059	11	revision	revision	NOUN
cblr-2952	1059	12	of	of	ADP
cblr-2952	1059	13	its	its	PRON
cblr-2952	1059	14	regulations	regulation	NOUN
cblr-2952	1059	15	to	to	PART
cblr-2952	1059	16	permit	permit	VERB
cblr-2952	1059	17	foreign	foreign	ADJ
cblr-2952	1059	18	stock	stock	NOUN
cblr-2952	1059	19	exchanges	exchange	NOUN
cblr-2952	1059	20	and	and	CCONJ
cblr-2952	1059	21	broker	broker	NOUN
cblr-2952	1059	22	-	-	PUNCT
cblr-2952	1059	23	dealers	dealer	NOUN
cblr-2952	1059	24	to	to	PART
cblr-2952	1059	25	apply	apply	VERB
cblr-2952	1059	26	for	for	ADP
cblr-2952	1059	27	an	an	DET
cblr-2952	1059	28	exemption	exemption	NOUN
cblr-2952	1059	29	from	from	ADP
cblr-2952	1059	30	sec	sec	PROPN
cblr-2952	1059	31	registration	registration	NOUN
cblr-2952	1059	32	based	base	VERB
cblr-2952	1059	33	on	on	ADP
cblr-2952	1059	34	their	their	PRON
cblr-2952	1059	35	compliance	compliance	NOUN
cblr-2952	1059	36	with	with	ADP
cblr-2952	1059	37	substantively	substantively	ADV
cblr-2952	1059	38	comparable	comparable	ADJ
cblr-2952	1059	39	foreign	foreign	ADJ
cblr-2952	1059	40	securities	security	NOUN
cblr-2952	1059	41	regulations	regulation	NOUN
cblr-2952	1059	42	and	and	CCONJ
cblr-2952	1059	43	laws	law	NOUN
cblr-2952	1059	44	and	and	CCONJ
cblr-2952	1059	45	supervision	supervision	NOUN
cblr-2952	1059	46	by	by	ADP
cblr-2952	1059	47	a	a	DET
cblr-2952	1059	48	foreign	foreign	ADJ
cblr-2952	1059	49	securities	security	NOUN
cblr-2952	1059	50	regulator	regulator	NOUN
cblr-2952	1059	51	with	with	ADP
cblr-2952	1059	52	oversight	oversight	NOUN
cblr-2952	1059	53	powers	power	NOUN
cblr-2952	1059	54	)	)	PUNCT
cblr-2952	1059	55	.	.	PUNCT
cblr-2952	1060	1	"	"	PUNCT
cblr-2952	1060	2	see	see	VERB
cblr-2952	1060	3	lucchetti	lucchetti	PROPN
cblr-2952	1060	4	,	,	PUNCT
cblr-2952	1060	5	supra	supra	PROPN
cblr-2952	1060	6	note	note	NOUN
cblr-2952	1060	7	233	233	NUM
cblr-2952	1060	8	,	,	PUNCT
cblr-2952	1060	9	at	at	ADP
cblr-2952	1060	10	c.	c.	PROPN
cblr-2952	1060	11	236	236	NUM
cblr-2952	1060	12	see	see	NOUN
cblr-2952	1060	13	davidoff	davidoff	PROPN
cblr-2952	1060	14	,	,	PUNCT
cblr-2952	1060	15	supra	supra	PROPN
cblr-2952	1060	16	note	note	NOUN
cblr-2952	1060	17	186	186	NUM
cblr-2952	1060	18	,	,	PUNCT
cblr-2952	1060	19	at	at	ADP
cblr-2952	1060	20	129	129	NUM
cblr-2952	1060	21	-	-	SYM
cblr-2952	1060	22	44	44	NUM
cblr-2952	1060	23	(	(	PUNCT
cblr-2952	1060	24	discussing	discuss	VERB
cblr-2952	1060	25	the	the	DET
cblr-2952	1060	26	differentials	differential	NOUN
cblr-2952	1060	27	between	between	ADP
cblr-2952	1060	28	various	various	ADJ
cblr-2952	1060	29	non	non	ADJ
cblr-2952	1060	30	-	-	ADJ
cblr-2952	1060	31	u.s	u.s	PROPN
cblr-2952	1060	32	.	.	PROPN
cblr-2952	1060	33	securities	security	NOUN
cblr-2952	1060	34	regulatory	regulatory	ADJ
cblr-2952	1060	35	schemes	scheme	NOUN
cblr-2952	1060	36	and	and	CCONJ
cblr-2952	1060	37	the	the	DET
cblr-2952	1060	38	u.s	u.s	PROPN
cblr-2952	1060	39	.	.	PROPN
cblr-2952	1060	40	one	one	NUM
cblr-2952	1060	41	)	)	PUNCT
cblr-2952	1060	42	.	.	PUNCT
cblr-2952	1061	1	[	[	X
cblr-2952	1061	2	vol	vol	NOUN
cblr-2952	1061	3	.	.	NOUN
cblr-2952	1061	4	2008	2008	NUM
cblr-2952	1061	5	black	black	ADJ
cblr-2952	1061	6	market	market	NOUN
cblr-2952	1061	7	capital	capital	NOUN
cblr-2952	1061	8	sec	sec	PROPN
cblr-2952	1061	9	oversight	oversight	NOUN
cblr-2952	1061	10	as	as	ADP
cblr-2952	1061	11	non	non	ADJ
cblr-2952	1061	12	-	-	ADJ
cblr-2952	1061	13	u.s	u.s	ADJ
cblr-2952	1061	14	.	.	PROPN
cblr-2952	1061	15	market	market	NOUN
cblr-2952	1061	16	investment	investment	NOUN
cblr-2952	1061	17	.	.	PUNCT
cblr-2952	1062	1	investors	investor	NOUN
cblr-2952	1062	2	trading	trade	VERB
cblr-2952	1062	3	on	on	ADP
cblr-2952	1062	4	these	these	DET
cblr-2952	1062	5	u.s.-based	u.s.-based	ADJ
cblr-2952	1062	6	private	private	ADJ
cblr-2952	1062	7	markets	market	NOUN
cblr-2952	1062	8	are	be	AUX
cblr-2952	1062	9	limited	limit	VERB
cblr-2952	1062	10	by	by	ADP
cblr-2952	1062	11	securities	security	NOUN
cblr-2952	1062	12	laws	law	NOUN
cblr-2952	1062	13	to	to	ADP
cblr-2952	1062	14	individuals	individual	NOUN
cblr-2952	1062	15	and	and	CCONJ
cblr-2952	1062	16	institutional	institutional	ADJ
cblr-2952	1062	17	investors	investor	NOUN
cblr-2952	1062	18	who	who	PRON
cblr-2952	1062	19	otherwise	otherwise	ADV
cblr-2952	1062	20	regularly	regularly	ADV
cblr-2952	1062	21	qualify	qualify	VERB
cblr-2952	1062	22	to	to	PART
cblr-2952	1062	23	invest	invest	VERB
cblr-2952	1062	24	privately	privately	ADV
cblr-2952	1062	25	in	in	ADP
cblr-2952	1062	26	hedge	hedge	NOUN
cblr-2952	1062	27	funds	fund	NOUN
cblr-2952	1062	28	and	and	CCONJ
cblr-2952	1062	29	private	private	ADJ
cblr-2952	1062	30	equity.23	equity.23	PROPN
cblr-2952	1062	31	7	7	NUM
cblr-2952	1062	32	these	these	DET
cblr-2952	1062	33	investors	investor	NOUN
cblr-2952	1062	34	choose	choose	VERB
cblr-2952	1062	35	to	to	PART
cblr-2952	1062	36	invest	invest	VERB
cblr-2952	1062	37	on	on	ADP
cblr-2952	1062	38	these	these	DET
cblr-2952	1062	39	markets	market	NOUN
cblr-2952	1062	40	and	and	CCONJ
cblr-2952	1062	41	in	in	ADP
cblr-2952	1062	42	these	these	DET
cblr-2952	1062	43	products	product	NOUN
cblr-2952	1062	44	because	because	SCONJ
cblr-2952	1062	45	of	of	ADP
cblr-2952	1062	46	the	the	DET
cblr-2952	1062	47	investment	investment	NOUN
cblr-2952	1062	48	opportunity	opportunity	NOUN
cblr-2952	1062	49	and	and	CCONJ
cblr-2952	1062	50	the	the	DET
cblr-2952	1062	51	greater	great	ADJ
cblr-2952	1062	52	benefits	benefit	NOUN
cblr-2952	1062	53	of	of	ADP
cblr-2952	1062	54	liquidity	liquidity	NOUN
cblr-2952	1062	55	and	and	CCONJ
cblr-2952	1062	56	transparency	transparency	NOUN
cblr-2952	1062	57	that	that	SCONJ
cblr-2952	1062	58	they	they	PRON
cblr-2952	1062	59	provide	provide	VERB
cblr-2952	1062	60	over	over	ADP
cblr-2952	1062	61	and	and	CCONJ
cblr-2952	1062	62	above	above	ADP
cblr-2952	1062	63	a	a	DET
cblr-2952	1062	64	wholly	wholly	ADV
cblr-2952	1062	65	unlisted	unlisted	ADJ
cblr-2952	1062	66	investment	investment	NOUN
cblr-2952	1062	67	.	.	PUNCT
cblr-2952	1063	1	yet	yet	ADV
cblr-2952	1063	2	,	,	PUNCT
cblr-2952	1063	3	these	these	PRON
cblr-2952	1063	4	are	be	AUX
cblr-2952	1063	5	likely	likely	ADJ
cblr-2952	1063	6	to	to	PART
cblr-2952	1063	7	be	be	AUX
cblr-2952	1063	8	thin	thin	ADJ
cblr-2952	1063	9	markets	market	NOUN
cblr-2952	1063	10	;	;	PUNCT
cblr-2952	1063	11	bid	bid	VERB
cblr-2952	1063	12	/	/	SYM
cblr-2952	1063	13	ask	ask	VERB
cblr-2952	1063	14	spreads	spread	NOUN
cblr-2952	1063	15	for	for	ADP
cblr-2952	1063	16	securities	security	NOUN
cblr-2952	1063	17	are	be	AUX
cblr-2952	1063	18	likely	likely	ADJ
cblr-2952	1063	19	to	to	PART
cblr-2952	1063	20	be	be	AUX
cblr-2952	1063	21	wider	wide	ADJ
cblr-2952	1063	22	and	and	CCONJ
cblr-2952	1063	23	liquidity	liquidity	NOUN
cblr-2952	1063	24	lower.238	lower.238	NOUN
cblr-2952	1063	25	consequently	consequently	ADV
cblr-2952	1063	26	,	,	PUNCT
cblr-2952	1063	27	these	these	DET
cblr-2952	1063	28	investments	investment	NOUN
cblr-2952	1063	29	are	be	AUX
cblr-2952	1063	30	suboptimal	suboptimal	ADJ
cblr-2952	1063	31	;	;	PUNCT
cblr-2952	1063	32	investors	investor	NOUN
cblr-2952	1063	33	may	may	AUX
cblr-2952	1063	34	prefer	prefer	VERB
cblr-2952	1063	35	a	a	DET
cblr-2952	1063	36	full	full	ADJ
cblr-2952	1063	37	,	,	PUNCT
cblr-2952	1063	38	publicly	publicly	ADV
cblr-2952	1063	39	traded	trade	VERB
cblr-2952	1063	40	security	security	NOUN
cblr-2952	1063	41	on	on	ADP
cblr-2952	1063	42	a	a	DET
cblr-2952	1063	43	thicker	thick	ADJ
cblr-2952	1063	44	national	national	ADJ
cblr-2952	1063	45	market	market	NOUN
cblr-2952	1063	46	to	to	PART
cblr-2952	1063	47	meet	meet	VERB
cblr-2952	1063	48	these	these	DET
cblr-2952	1063	49	financial	financial	ADJ
cblr-2952	1063	50	deficiencies	deficiency	NOUN
cblr-2952	1063	51	.	.	PUNCT
cblr-2952	1064	1	but	but	CCONJ
cblr-2952	1064	2	the	the	DET
cblr-2952	1064	3	offerors	offeror	NOUN
cblr-2952	1064	4	of	of	ADP
cblr-2952	1064	5	these	these	DET
cblr-2952	1064	6	securities	security	NOUN
cblr-2952	1064	7	may	may	AUX
cblr-2952	1064	8	not	not	PART
cblr-2952	1064	9	want	want	VERB
cblr-2952	1064	10	to	to	PART
cblr-2952	1064	11	subject	subject	VERB
cblr-2952	1064	12	their	their	PRON
cblr-2952	1064	13	companies	company	NOUN
cblr-2952	1064	14	or	or	CCONJ
cblr-2952	1064	15	funds	fund	NOUN
cblr-2952	1064	16	to	to	ADP
cblr-2952	1064	17	current	current	ADJ
cblr-2952	1064	18	federal	federal	ADJ
cblr-2952	1064	19	securities	security	NOUN
cblr-2952	1064	20	regulation	regulation	NOUN
cblr-2952	1064	21	,	,	PUNCT
cblr-2952	1064	22	and	and	CCONJ
cblr-2952	1064	23	the	the	DET
cblr-2952	1064	24	funds	fund	NOUN
cblr-2952	1064	25	are	be	AUX
cblr-2952	1064	26	,	,	PUNCT
cblr-2952	1064	27	in	in	ADP
cblr-2952	1064	28	any	any	DET
cblr-2952	1064	29	event	event	NOUN
cblr-2952	1064	30	,	,	PUNCT
cblr-2952	1064	31	prohibited	prohibit	VERB
cblr-2952	1064	32	from	from	ADP
cblr-2952	1064	33	listing	list	VERB
cblr-2952	1064	34	.	.	PUNCT
cblr-2952	1065	1	this	this	DET
cblr-2952	1065	2	result	result	NOUN
cblr-2952	1065	3	may	may	AUX
cblr-2952	1065	4	be	be	AUX
cblr-2952	1065	5	rational	rational	ADJ
cblr-2952	1065	6	if	if	SCONJ
cblr-2952	1065	7	this	this	DET
cblr-2952	1065	8	regulation	regulation	NOUN
cblr-2952	1065	9	is	be	AUX
cblr-2952	1065	10	considered	consider	VERB
cblr-2952	1065	11	necessary	necessary	ADJ
cblr-2952	1065	12	by	by	ADP
cblr-2952	1065	13	the	the	DET
cblr-2952	1065	14	sec	sec	PROPN
cblr-2952	1065	15	.	.	PUNCT
cblr-2952	1066	1	if	if	SCONJ
cblr-2952	1066	2	it	it	PRON
cblr-2952	1066	3	is	be	AUX
cblr-2952	1066	4	not	not	PART
cblr-2952	1066	5	,	,	PUNCT
cblr-2952	1066	6	the	the	DET
cblr-2952	1066	7	sec	sec	PROPN
cblr-2952	1066	8	may	may	AUX
cblr-2952	1066	9	be	be	AUX
cblr-2952	1066	10	engendering	engender	VERB
cblr-2952	1066	11	uneconomic	uneconomic	ADJ
cblr-2952	1066	12	conditions	condition	NOUN
cblr-2952	1066	13	.	.	PUNCT
cblr-2952	1067	1	in	in	ADP
cblr-2952	1067	2	either	either	DET
cblr-2952	1067	3	case	case	NOUN
cblr-2952	1067	4	,	,	PUNCT
cblr-2952	1067	5	the	the	DET
cblr-2952	1067	6	sec	sec	PROPN
cblr-2952	1067	7	has	have	AUX
cblr-2952	1067	8	never	never	ADV
cblr-2952	1067	9	fully	fully	ADV
cblr-2952	1067	10	conducted	conduct	VERB
cblr-2952	1067	11	this	this	DET
cblr-2952	1067	12	cost	cost	NOUN
cblr-2952	1067	13	-	-	PUNCT
cblr-2952	1067	14	benefit	benefit	NOUN
cblr-2952	1067	15	economic	economic	ADJ
cblr-2952	1067	16	analysis	analysis	NOUN
cblr-2952	1067	17	.	.	PUNCT
cblr-2952	1068	1	3	3	X
cblr-2952	1068	2	.	.	X
cblr-2952	1068	3	black	black	ADJ
cblr-2952	1068	4	market	market	NOUN
cblr-2952	1068	5	capital	capital	NOUN
cblr-2952	1068	6	's	's	PART
cblr-2952	1068	7	competitive	competitive	ADJ
cblr-2952	1068	8	harm	harm	NOUN
cblr-2952	1068	9	the	the	DET
cblr-2952	1068	10	redirected	redirect	VERB
cblr-2952	1068	11	capital	capital	NOUN
cblr-2952	1068	12	flows	flow	NOUN
cblr-2952	1068	13	engendered	engender	VERB
cblr-2952	1068	14	by	by	ADP
cblr-2952	1068	15	black	black	ADJ
cblr-2952	1068	16	market	market	NOUN
cblr-2952	1068	17	capital	capital	NOUN
cblr-2952	1068	18	also	also	ADV
cblr-2952	1068	19	harms	harm	VERB
cblr-2952	1068	20	the	the	DET
cblr-2952	1068	21	u.s	u.s	PROPN
cblr-2952	1068	22	.	.	PROPN
cblr-2952	1068	23	competitive	competitive	ADJ
cblr-2952	1068	24	position	position	NOUN
cblr-2952	1068	25	in	in	ADP
cblr-2952	1068	26	the	the	DET
cblr-2952	1068	27	global	global	ADJ
cblr-2952	1068	28	capital	capital	NOUN
cblr-2952	1068	29	and	and	CCONJ
cblr-2952	1068	30	listings	listing	NOUN
cblr-2952	1068	31	markets	market	NOUN
cblr-2952	1068	32	.	.	PUNCT
cblr-2952	1069	1	hedge	hedge	NOUN
cblr-2952	1069	2	funds	fund	NOUN
cblr-2952	1069	3	and	and	CCONJ
cblr-2952	1069	4	private	private	ADJ
cblr-2952	1069	5	equity	equity	NOUN
cblr-2952	1069	6	funds	fund	NOUN
cblr-2952	1069	7	that	that	PRON
cblr-2952	1069	8	would	would	AUX
cblr-2952	1069	9	otherwise	otherwise	ADV
cblr-2952	1069	10	offer	offer	VERB
cblr-2952	1069	11	securities	security	NOUN
cblr-2952	1069	12	in	in	ADV
cblr-2952	1069	13	and	and	CCONJ
cblr-2952	1069	14	list	list	VERB
cblr-2952	1069	15	on	on	ADP
cblr-2952	1069	16	a	a	DET
cblr-2952	1069	17	u.s	u.s	PROPN
cblr-2952	1069	18	.	.	PROPN
cblr-2952	1069	19	public	public	ADJ
cblr-2952	1069	20	market	market	NOUN
cblr-2952	1069	21	are	be	AUX
cblr-2952	1069	22	foreclosed	foreclose	VERB
cblr-2952	1069	23	from	from	ADP
cblr-2952	1069	24	doing	do	VERB
cblr-2952	1069	25	so	so	ADV
cblr-2952	1069	26	.	.	PUNCT
cblr-2952	1070	1	but	but	CCONJ
cblr-2952	1070	2	inves117	inves117	PROPN
cblr-2952	1070	3	at	at	ADP
cblr-2952	1070	4	a	a	DET
cblr-2952	1070	5	minimum	minimum	NOUN
cblr-2952	1070	6	,	,	PUNCT
cblr-2952	1070	7	this	this	PRON
cblr-2952	1070	8	would	would	AUX
cblr-2952	1070	9	be	be	AUX
cblr-2952	1070	10	the	the	DET
cblr-2952	1070	11	bare	bare	ADJ
cblr-2952	1070	12	limitation	limitation	NOUN
cblr-2952	1070	13	established	establish	VERB
cblr-2952	1070	14	by	by	ADP
cblr-2952	1070	15	rules	rule	NOUN
cblr-2952	1070	16	501	501	NUM
cblr-2952	1070	17	and	and	CCONJ
cblr-2952	1070	18	506	506	NUM
cblr-2952	1070	19	of	of	ADP
cblr-2952	1070	20	regulation	regulation	NOUN
cblr-2952	1070	21	d.	d.	PROPN
cblr-2952	1070	22	17	17	NUM
cblr-2952	1070	23	c.f.r	c.f.r	NOUN
cblr-2952	1070	24	.	.	PUNCT
cblr-2952	1071	1	§	§	PROPN
cblr-2952	1071	2	230.405	230.405	NUM
cblr-2952	1071	3	(	(	PUNCT
cblr-2952	1071	4	2007	2007	NUM
cblr-2952	1071	5	)	)	PUNCT
cblr-2952	1071	6	.	.	PUNCT
cblr-2952	1072	1	but	but	CCONJ
cblr-2952	1072	2	,	,	PUNCT
cblr-2952	1072	3	as	as	ADP
cblr-2952	1072	4	a	a	DET
cblr-2952	1072	5	practical	practical	ADJ
cblr-2952	1072	6	matter	matter	NOUN
cblr-2952	1072	7	,	,	PUNCT
cblr-2952	1072	8	these	these	DET
cblr-2952	1072	9	markets	market	NOUN
cblr-2952	1072	10	are	be	AUX
cblr-2952	1072	11	for	for	ADP
cblr-2952	1072	12	now	now	ADV
cblr-2952	1072	13	likely	likely	ADJ
cblr-2952	1072	14	to	to	PART
cblr-2952	1072	15	limit	limit	VERB
cblr-2952	1072	16	investment	investment	NOUN
cblr-2952	1072	17	to	to	ADP
cblr-2952	1072	18	those	those	DET
cblr-2952	1072	19	investors	investor	NOUN
cblr-2952	1072	20	who	who	PRON
cblr-2952	1072	21	qualify	qualify	VERB
cblr-2952	1072	22	under	under	ADP
cblr-2952	1072	23	section	section	NOUN
cblr-2952	1072	24	3(c)(7	3(c)(7	NUM
cblr-2952	1072	25	)	)	PUNCT
cblr-2952	1072	26	of	of	ADP
cblr-2952	1072	27	the	the	DET
cblr-2952	1072	28	investment	investment	NOUN
cblr-2952	1072	29	company	company	NOUN
cblr-2952	1072	30	act	act	VERB
cblr-2952	1072	31	,	,	PUNCT
cblr-2952	1072	32	and	and	CCONJ
cblr-2952	1072	33	even	even	ADV
cblr-2952	1072	34	further	far	ADV
cblr-2952	1072	35	to	to	ADP
cblr-2952	1072	36	investors	investor	NOUN
cblr-2952	1072	37	qualified	qualified	ADJ
cblr-2952	1072	38	to	to	PART
cblr-2952	1072	39	invest	invest	VERB
cblr-2952	1072	40	in	in	ADP
cblr-2952	1072	41	rule	rule	NOUN
cblr-2952	1072	42	144a	144a	ADJ
cblr-2952	1072	43	issuances	issuance	NOUN
cblr-2952	1072	44	;	;	PUNCT
cblr-2952	1072	45	generally	generally	ADV
cblr-2952	1072	46	,	,	PUNCT
cblr-2952	1072	47	institutions	institution	NOUN
cblr-2952	1072	48	with	with	ADP
cblr-2952	1072	49	$	$	SYM
cblr-2952	1072	50	100	100	NUM
cblr-2952	1072	51	million	million	NUM
cblr-2952	1072	52	in	in	ADP
cblr-2952	1072	53	investable	investable	ADJ
cblr-2952	1072	54	assets	asset	NOUN
cblr-2952	1072	55	.	.	PUNCT
cblr-2952	1073	1	17	17	NUM
cblr-2952	1073	2	c.f.r	c.f.r	NOUN
cblr-2952	1073	3	.	.	PUNCT
cblr-2952	1074	1	§	§	PROPN
cblr-2952	1074	2	230.144a(a)(1	230.144a(a)(1	NUM
cblr-2952	1074	3	)	)	PUNCT
cblr-2952	1074	4	(	(	PUNCT
cblr-2952	1074	5	2007	2007	NUM
cblr-2952	1074	6	)	)	PUNCT
cblr-2952	1074	7	.	.	PUNCT
cblr-2952	1075	1	238	238	NUM
cblr-2952	1075	2	see	see	VERB
cblr-2952	1075	3	generally	generally	ADV
cblr-2952	1075	4	robert	robert	PROPN
cblr-2952	1075	5	b.	b.	PROPN
cblr-2952	1075	6	ahdieh	ahdieh	PROPN
cblr-2952	1075	7	,	,	PUNCT
cblr-2952	1075	8	making	make	VERB
cblr-2952	1075	9	markets	market	NOUN
cblr-2952	1075	10	:	:	PUNCT
cblr-2952	1075	11	network	network	NOUN
cblr-2952	1075	12	effects	effect	NOUN
cblr-2952	1075	13	and	and	CCONJ
cblr-2952	1075	14	the	the	DET
cblr-2952	1075	15	role	role	NOUN
cblr-2952	1075	16	of	of	ADP
cblr-2952	1075	17	law	law	NOUN
cblr-2952	1075	18	in	in	ADP
cblr-2952	1075	19	the	the	DET
cblr-2952	1075	20	creation	creation	NOUN
cblr-2952	1075	21	of	of	ADP
cblr-2952	1075	22	strong	strong	ADJ
cblr-2952	1075	23	securities	security	NOUN
cblr-2952	1075	24	markets	market	NOUN
cblr-2952	1075	25	,	,	PUNCT
cblr-2952	1075	26	76	76	NUM
cblr-2952	1075	27	s.	s.	PROPN
cblr-2952	1075	28	cal	cal	PROPN
cblr-2952	1075	29	.	.	PUNCT
cblr-2952	1076	1	l.	l.	PROPN
cblr-2952	1076	2	rev	rev	PROPN
cblr-2952	1076	3	.	.	PROPN
cblr-2952	1076	4	277	277	NUM
cblr-2952	1076	5	,	,	PUNCT
cblr-2952	1076	6	283	283	NUM
cblr-2952	1076	7	-	-	SYM
cblr-2952	1076	8	96	96	NUM
cblr-2952	1076	9	(	(	PUNCT
cblr-2952	1076	10	2003	2003	NUM
cblr-2952	1076	11	)	)	PUNCT
cblr-2952	1076	12	(	(	PUNCT
cblr-2952	1076	13	discussing	discuss	VERB
cblr-2952	1076	14	the	the	DET
cblr-2952	1076	15	benefits	benefit	NOUN
cblr-2952	1076	16	of	of	ADP
cblr-2952	1076	17	liquidity	liquidity	NOUN
cblr-2952	1076	18	and	and	CCONJ
cblr-2952	1076	19	price	price	NOUN
cblr-2952	1076	20	discovery	discovery	NOUN
cblr-2952	1076	21	in	in	ADP
cblr-2952	1076	22	active	active	ADJ
cblr-2952	1076	23	trading	trading	NOUN
cblr-2952	1076	24	markets	market	NOUN
cblr-2952	1076	25	)	)	PUNCT
cblr-2952	1076	26	.	.	PUNCT
cblr-2952	1077	1	no	no	INTJ
cblr-2952	1077	2	.	.	NOUN
cblr-2952	1078	1	1	1	NUM
cblr-2952	1078	2	:	:	SYM
cblr-2952	1078	3	172	172	NUM
cblr-2952	1078	4	]	]	PUNCT
cblr-2952	1078	5	columbia	columbia	PROPN
cblr-2952	1078	6	business	business	PROPN
cblr-2952	1078	7	law	law	PROPN
cblr-2952	1078	8	review	review	NOUN
cblr-2952	1078	9	tor	tor	NOUN
cblr-2952	1078	10	demand	demand	NOUN
cblr-2952	1078	11	still	still	ADV
cblr-2952	1078	12	exists	exist	VERB
cblr-2952	1078	13	,	,	PUNCT
cblr-2952	1078	14	and	and	CCONJ
cblr-2952	1078	15	fund	fund	NOUN
cblr-2952	1078	16	advisers	adviser	NOUN
cblr-2952	1078	17	wish	wish	VERB
cblr-2952	1078	18	to	to	PART
cblr-2952	1078	19	profit	profit	VERB
cblr-2952	1078	20	.	.	PUNCT
cblr-2952	1079	1	these	these	DET
cblr-2952	1079	2	funds	fund	NOUN
cblr-2952	1079	3	thus	thus	ADV
cblr-2952	1079	4	have	have	VERB
cblr-2952	1079	5	incentive	incentive	NOUN
cblr-2952	1079	6	to	to	PART
cblr-2952	1079	7	offer	offer	VERB
cblr-2952	1079	8	their	their	PRON
cblr-2952	1079	9	securities	security	NOUN
cblr-2952	1079	10	and	and	CCONJ
cblr-2952	1079	11	list	list	NOUN
cblr-2952	1079	12	abroad	abroad	ADV
cblr-2952	1079	13	where	where	SCONJ
cblr-2952	1079	14	they	they	PRON
cblr-2952	1079	15	are	be	AUX
cblr-2952	1079	16	capable	capable	ADJ
cblr-2952	1079	17	of	of	ADP
cblr-2952	1079	18	meeting	meet	VERB
cblr-2952	1079	19	this	this	DET
cblr-2952	1079	20	demand	demand	NOUN
cblr-2952	1079	21	and	and	CCONJ
cblr-2952	1079	22	6therwise	6therwise	NUM
cblr-2952	1079	23	capture	capture	VERB
cblr-2952	1079	24	the	the	DET
cblr-2952	1079	25	benefits	benefit	NOUN
cblr-2952	1079	26	of	of	ADP
cblr-2952	1079	27	a	a	DET
cblr-2952	1079	28	publicly	publicly	ADV
cblr-2952	1079	29	-	-	PUNCT
cblr-2952	1079	30	listed	list	VERB
cblr-2952	1079	31	fund	fund	NOUN
cblr-2952	1079	32	.	.	PUNCT
cblr-2952	1080	1	this	this	DET
cblr-2952	1080	2	results	result	VERB
cblr-2952	1080	3	in	in	ADP
cblr-2952	1080	4	a	a	DET
cblr-2952	1080	5	loss	loss	NOUN
cblr-2952	1080	6	to	to	ADP
cblr-2952	1080	7	the	the	DET
cblr-2952	1080	8	u.s	u.s	PROPN
cblr-2952	1080	9	.	.	PROPN
cblr-2952	1080	10	economy	economy	NOUN
cblr-2952	1080	11	of	of	ADP
cblr-2952	1080	12	the	the	DET
cblr-2952	1080	13	investment	investment	NOUN
cblr-2952	1080	14	banking	banking	NOUN
cblr-2952	1080	15	,	,	PUNCT
cblr-2952	1080	16	legal	legal	ADJ
cblr-2952	1080	17	,	,	PUNCT
cblr-2952	1080	18	accounting	accounting	NOUN
cblr-2952	1080	19	,	,	PUNCT
cblr-2952	1080	20	stock	stock	NOUN
cblr-2952	1080	21	exchange	exchange	NOUN
cblr-2952	1080	22	and	and	CCONJ
cblr-2952	1080	23	other	other	ADJ
cblr-2952	1080	24	revenue	revenue	NOUN
cblr-2952	1080	25	such	such	DET
cblr-2952	1080	26	an	an	DET
cblr-2952	1080	27	offering	offering	NOUN
cblr-2952	1080	28	and	and	CCONJ
cblr-2952	1080	29	listing	listing	NOUN
cblr-2952	1080	30	produces	produce	VERB
cblr-2952	1080	31	.	.	PUNCT
cblr-2952	1081	1	it	it	PRON
cblr-2952	1081	2	also	also	ADV
cblr-2952	1081	3	produces	produce	VERB
cblr-2952	1081	4	a	a	DET
cblr-2952	1081	5	long	long	ADJ
cblr-2952	1081	6	-	-	PUNCT
cblr-2952	1081	7	term	term	NOUN
cblr-2952	1081	8	loss	loss	NOUN
cblr-2952	1081	9	as	as	SCONJ
cblr-2952	1081	10	non	non	ADJ
cblr-2952	1081	11	-	-	ADJ
cblr-2952	1081	12	u.s	u.s	PROPN
cblr-2952	1081	13	.	.	PROPN
cblr-2952	1081	14	markets	market	NOUN
cblr-2952	1081	15	build	build	VERB
cblr-2952	1081	16	up	up	ADP
cblr-2952	1081	17	a	a	DET
cblr-2952	1081	18	critical	critical	ADJ
cblr-2952	1081	19	mass	mass	NOUN
cblr-2952	1081	20	of	of	ADP
cblr-2952	1081	21	human	human	ADJ
cblr-2952	1081	22	and	and	CCONJ
cblr-2952	1081	23	other	other	ADJ
cblr-2952	1081	24	infrastructure	infrastructure	NOUN
cblr-2952	1081	25	to	to	PART
cblr-2952	1081	26	support	support	VERB
cblr-2952	1081	27	these	these	DET
cblr-2952	1081	28	offerings	offering	NOUN
cblr-2952	1081	29	and	and	CCONJ
cblr-2952	1081	30	listings	listing	NOUN
cblr-2952	1081	31	.	.	PUNCT
cblr-2952	1082	1	this	this	PRON
cblr-2952	1082	2	is	be	AUX
cblr-2952	1082	3	likely	likely	ADJ
cblr-2952	1082	4	to	to	PART
cblr-2952	1082	5	create	create	VERB
cblr-2952	1082	6	path	path	NOUN
cblr-2952	1082	7	dependencies	dependency	NOUN
cblr-2952	1082	8	in	in	ADP
cblr-2952	1082	9	the	the	DET
cblr-2952	1082	10	global	global	ADJ
cblr-2952	1082	11	capital	capital	NOUN
cblr-2952	1082	12	market	market	NOUN
cblr-2952	1082	13	favoring	favor	VERB
cblr-2952	1082	14	these	these	DET
cblr-2952	1082	15	non	non	ADJ
cblr-2952	1082	16	-	-	ADJ
cblr-2952	1082	17	u.s	u.s	ADJ
cblr-2952	1082	18	.	.	PROPN
cblr-2952	1082	19	markets	market	NOUN
cblr-2952	1082	20	that	that	DET
cblr-2952	1082	21	eradication	eradication	NOUN
cblr-2952	1082	22	of	of	ADP
cblr-2952	1082	23	the	the	DET
cblr-2952	1082	24	current	current	ADJ
cblr-2952	1082	25	u.s	u.s	PROPN
cblr-2952	1082	26	.	.	PROPN
cblr-2952	1082	27	regulatory	regulatory	ADJ
cblr-2952	1082	28	barrier	barrier	NOUN
cblr-2952	1082	29	on	on	ADP
cblr-2952	1082	30	hedge	hedge	NOUN
cblr-2952	1082	31	fund	fund	NOUN
cblr-2952	1082	32	and	and	CCONJ
cblr-2952	1082	33	private	private	ADJ
cblr-2952	1082	34	equity	equity	NOUN
cblr-2952	1082	35	listings	listing	NOUN
cblr-2952	1082	36	may	may	AUX
cblr-2952	1082	37	be	be	AUX
cblr-2952	1082	38	unable	unable	ADJ
cblr-2952	1082	39	to	to	PART
cblr-2952	1082	40	over239come	over239come	VERB
cblr-2952	1082	41	.	.	PUNCT
cblr-2952	1083	1	the	the	DET
cblr-2952	1083	2	european	european	ADJ
cblr-2952	1083	3	exchanges	exchange	NOUN
cblr-2952	1083	4	,	,	PUNCT
cblr-2952	1083	5	perhaps	perhaps	ADV
cblr-2952	1083	6	realizing	realize	VERB
cblr-2952	1083	7	their	their	PRON
cblr-2952	1083	8	headstart	headstart	NOUN
cblr-2952	1083	9	,	,	PUNCT
cblr-2952	1083	10	are	be	AUX
cblr-2952	1083	11	rapidly	rapidly	ADV
cblr-2952	1083	12	developing	develop	VERB
cblr-2952	1083	13	regulatory	regulatory	ADJ
cblr-2952	1083	14	architecture	architecture	NOUN
cblr-2952	1083	15	to	to	PART
cblr-2952	1083	16	accommodate	accommodate	VERB
cblr-2952	1083	17	and	and	CCONJ
cblr-2952	1083	18	compete	compete	VERB
cblr-2952	1083	19	for	for	ADP
cblr-2952	1083	20	hedge	hedge	NOUN
cblr-2952	1083	21	fund	fund	NOUN
cblr-2952	1083	22	and	and	CCONJ
cblr-2952	1083	23	private	private	ADJ
cblr-2952	1083	24	equity	equity	NOUN
cblr-2952	1083	25	listings	listing	NOUN
cblr-2952	1083	26	.	.	PUNCT
cblr-2952	1084	1	the	the	DET
cblr-2952	1084	2	principal	principal	ADJ
cblr-2952	1084	3	markets	market	NOUN
cblr-2952	1084	4	in	in	ADP
cblr-2952	1084	5	europe	europe	PROPN
cblr-2952	1084	6	competing	compete	VERB
cblr-2952	1084	7	for	for	ADP
cblr-2952	1084	8	these	these	DET
cblr-2952	1084	9	listings	listing	NOUN
cblr-2952	1084	10	are	be	AUX
cblr-2952	1084	11	the	the	DET
cblr-2952	1084	12	euronext	euronext	NOUN
cblr-2952	1084	13	and	and	CCONJ
cblr-2952	1084	14	the	the	DET
cblr-2952	1084	15	london	london	PROPN
cblr-2952	1084	16	stock	stock	NOUN
cblr-2952	1084	17	exchange	exchange	PROPN
cblr-2952	1084	18	(	(	PUNCT
cblr-2952	1084	19	"	"	PUNCT
cblr-2952	1084	20	lse	lse	NOUN
cblr-2952	1084	21	"	"	PUNCT
cblr-2952	1084	22	)	)	PUNCT
cblr-2952	1084	23	.	.	PUNCT
cblr-2952	1085	1	euronext	euronext	PROPN
cblr-2952	1085	2	has	have	AUX
cblr-2952	1085	3	traditionally	traditionally	ADV
cblr-2952	1085	4	had	have	VERB
cblr-2952	1085	5	a	a	DET
cblr-2952	1085	6	regulatory	regulatory	ADJ
cblr-2952	1085	7	advantage	advantage	NOUN
cblr-2952	1085	8	over	over	ADP
cblr-2952	1085	9	the	the	DET
cblr-2952	1085	10	lse	lse	NOUN
cblr-2952	1085	11	since	since	SCONJ
cblr-2952	1085	12	the	the	DET
cblr-2952	1085	13	lse	lse	PROPN
cblr-2952	1085	14	has	have	AUX
cblr-2952	1085	15	imposed	impose	VERB
cblr-2952	1085	16	additional	additional	ADJ
cblr-2952	1085	17	listing	listing	NOUN
cblr-2952	1085	18	and	and	CCONJ
cblr-2952	1085	19	offering	offer	VERB
cblr-2952	1085	20	strictures	stricture	NOUN
cblr-2952	1085	21	incremental	incremental	ADJ
cblr-2952	1085	22	to	to	ADP
cblr-2952	1085	23	those	those	PRON
cblr-2952	1085	24	required	require	VERB
cblr-2952	1085	25	by	by	ADP
cblr-2952	1085	26	the	the	DET
cblr-2952	1085	27	euronext	euronext	NOUN
cblr-2952	1085	28	,	,	PUNCT
cblr-2952	1085	29	which	which	PRON
cblr-2952	1085	30	only	only	ADV
cblr-2952	1085	31	requires	require	VERB
cblr-2952	1085	32	the	the	DET
cblr-2952	1085	33	bare	bare	ADJ
cblr-2952	1085	34	minimum	minimum	NOUN
cblr-2952	1085	35	mandated	mandate	VERB
cblr-2952	1085	36	by	by	ADP
cblr-2952	1085	37	e.u	e.u	PROPN
cblr-2952	1085	38	.	.	PUNCT
cblr-2952	1085	39	regulation.24	regulation.24	NOUN
cblr-2952	1085	40	°	°	ADP
cblr-2952	1085	41	in	in	ADP
cblr-2952	1085	42	addition	addition	NOUN
cblr-2952	1085	43	,	,	PUNCT
cblr-2952	1085	44	the	the	PRON
cblr-2952	1085	45	"	"	PUNCT
cblr-2952	1085	46	there	there	PRON
cblr-2952	1085	47	is	be	VERB
cblr-2952	1085	48	precedent	precedent	NOUN
cblr-2952	1085	49	for	for	ADP
cblr-2952	1085	50	this	this	DET
cblr-2952	1085	51	phenomenon	phenomenon	NOUN
cblr-2952	1085	52	.	.	PUNCT
cblr-2952	1086	1	in	in	ADP
cblr-2952	1086	2	1963	1963	NUM
cblr-2952	1086	3	,	,	PUNCT
cblr-2952	1086	4	congress	congress	PROPN
cblr-2952	1086	5	enacted	enact	VERB
cblr-2952	1086	6	an	an	DET
cblr-2952	1086	7	interest	interest	NOUN
cblr-2952	1086	8	equalization	equalization	NOUN
cblr-2952	1086	9	tax	tax	NOUN
cblr-2952	1086	10	on	on	ADP
cblr-2952	1086	11	non	non	ADJ
cblr-2952	1086	12	-	-	ADJ
cblr-2952	1086	13	u.s	u.s	PROPN
cblr-2952	1086	14	.	.	PROPN
cblr-2952	1086	15	bonds	bond	NOUN
cblr-2952	1086	16	that	that	PRON
cblr-2952	1086	17	were	be	AUX
cblr-2952	1086	18	purchased	purchase	VERB
cblr-2952	1086	19	in	in	ADP
cblr-2952	1086	20	the	the	DET
cblr-2952	1086	21	united	united	PROPN
cblr-2952	1086	22	states	states	PROPN
cblr-2952	1086	23	.	.	PUNCT
cblr-2952	1087	1	this	this	DET
cblr-2952	1087	2	tax	tax	NOUN
cblr-2952	1087	3	led	lead	VERB
cblr-2952	1087	4	to	to	ADP
cblr-2952	1087	5	the	the	DET
cblr-2952	1087	6	market	market	NOUN
cblr-2952	1087	7	for	for	ADP
cblr-2952	1087	8	these	these	DET
cblr-2952	1087	9	bonds	bond	NOUN
cblr-2952	1087	10	migrating	migrate	VERB
cblr-2952	1087	11	to	to	ADP
cblr-2952	1087	12	europe	europe	PROPN
cblr-2952	1087	13	.	.	PUNCT
cblr-2952	1088	1	congress	congress	PROPN
cblr-2952	1088	2	eventually	eventually	ADV
cblr-2952	1088	3	eliminated	eliminate	VERB
cblr-2952	1088	4	the	the	DET
cblr-2952	1088	5	tax	tax	NOUN
cblr-2952	1088	6	,	,	PUNCT
cblr-2952	1088	7	but	but	CCONJ
cblr-2952	1088	8	the	the	DET
cblr-2952	1088	9	market	market	NOUN
cblr-2952	1088	10	,	,	PUNCT
cblr-2952	1088	11	now	now	ADV
cblr-2952	1088	12	known	know	VERB
cblr-2952	1088	13	as	as	ADP
cblr-2952	1088	14	the	the	DET
cblr-2952	1088	15	euro	euro	NOUN
cblr-2952	1088	16	-	-	PUNCT
cblr-2952	1088	17	bond	bond	NOUN
cblr-2952	1088	18	market	market	NOUN
cblr-2952	1088	19	,	,	PUNCT
cblr-2952	1088	20	never	never	ADV
cblr-2952	1088	21	returned	return	VERB
cblr-2952	1088	22	to	to	ADP
cblr-2952	1088	23	the	the	DET
cblr-2952	1088	24	united	united	PROPN
cblr-2952	1088	25	states	states	PROPN
cblr-2952	1088	26	and	and	CCONJ
cblr-2952	1088	27	now	now	ADV
cblr-2952	1088	28	is	be	AUX
cblr-2952	1088	29	larger	large	ADJ
cblr-2952	1088	30	than	than	ADP
cblr-2952	1088	31	the	the	DET
cblr-2952	1088	32	u.s	u.s	PROPN
cblr-2952	1088	33	.	.	PROPN
cblr-2952	1088	34	bond	bond	NOUN
cblr-2952	1088	35	market	market	NOUN
cblr-2952	1088	36	.	.	PUNCT
cblr-2952	1089	1	see	see	VERB
cblr-2952	1089	2	merton	merton	PROPN
cblr-2952	1089	3	h.	h.	PROPN
cblr-2952	1089	4	miller	miller	PROPN
cblr-2952	1089	5	,	,	PUNCT
cblr-2952	1089	6	financial	financial	ADJ
cblr-2952	1089	7	innovations	innovation	NOUN
cblr-2952	1089	8	and	and	CCONJ
cblr-2952	1089	9	market	market	NOUN
cblr-2952	1089	10	volatility	volatility	NOUN
cblr-2952	1089	11	,	,	PUNCT
cblr-2952	1089	12	at	at	ADP
cblr-2952	1089	13	7	7	NUM
cblr-2952	1089	14	(	(	PUNCT
cblr-2952	1089	15	wiley	wiley	NOUN
cblr-2952	1089	16	1991	1991	NUM
cblr-2952	1089	17	)	)	PUNCT
cblr-2952	1089	18	.	.	PUNCT
cblr-2952	1090	1	240	240	NUM
cblr-2952	1090	2	euronext	euronext	PROPN
cblr-2952	1090	3	amsterdam	amsterdam	PROPN
cblr-2952	1090	4	has	have	AUX
cblr-2952	1090	5	attracted	attract	VERB
cblr-2952	1090	6	a	a	DET
cblr-2952	1090	7	number	number	NOUN
cblr-2952	1090	8	of	of	ADP
cblr-2952	1090	9	listings	listing	NOUN
cblr-2952	1090	10	due	due	ADP
cblr-2952	1090	11	to	to	ADP
cblr-2952	1090	12	provisions	provision	NOUN
cblr-2952	1090	13	in	in	ADP
cblr-2952	1090	14	the	the	DET
cblr-2952	1090	15	dutch	dutch	ADJ
cblr-2952	1090	16	financial	financial	ADJ
cblr-2952	1090	17	markets	market	NOUN
cblr-2952	1090	18	supervision	supervision	PROPN
cblr-2952	1090	19	act	act	PROPN
cblr-2952	1090	20	and	and	CCONJ
cblr-2952	1090	21	euronext	euronext	PROPN
cblr-2952	1090	22	amsterdam	amsterdam	PROPN
cblr-2952	1090	23	's	's	PART
cblr-2952	1090	24	listing	list	VERB
cblr-2952	1090	25	rules	rule	NOUN
cblr-2952	1090	26	which	which	PRON
cblr-2952	1090	27	permit	permit	VERB
cblr-2952	1090	28	fast	fast	ADJ
cblr-2952	1090	29	-	-	PUNCT
cblr-2952	1090	30	track	track	NOUN
cblr-2952	1090	31	,	,	PUNCT
cblr-2952	1090	32	light	light	ADJ
cblr-2952	1090	33	regime	regime	NOUN
cblr-2952	1090	34	listing	list	VERB
cblr-2952	1090	35	procedure	procedure	NOUN
cblr-2952	1090	36	for	for	ADP
cblr-2952	1090	37	international	international	ADJ
cblr-2952	1090	38	investment	investment	NOUN
cblr-2952	1090	39	companies	company	NOUN
cblr-2952	1090	40	that	that	PRON
cblr-2952	1090	41	have	have	VERB
cblr-2952	1090	42	their	their	PRON
cblr-2952	1090	43	registered	register	VERB
cblr-2952	1090	44	office	office	NOUN
cblr-2952	1090	45	in	in	ADP
cblr-2952	1090	46	guernsey	guernsey	PROPN
cblr-2952	1090	47	,	,	PUNCT
cblr-2952	1090	48	ireland	ireland	PROPN
cblr-2952	1090	49	,	,	PUNCT
cblr-2952	1090	50	jersey	jersey	PROPN
cblr-2952	1090	51	,	,	PUNCT
cblr-2952	1090	52	luxembourg	luxembourg	PROPN
cblr-2952	1090	53	or	or	CCONJ
cblr-2952	1090	54	the	the	DET
cblr-2952	1090	55	united	united	PROPN
cblr-2952	1090	56	states	states	PROPN
cblr-2952	1090	57	.	.	PUNCT
cblr-2952	1091	1	see	see	VERB
cblr-2952	1091	2	financial	financial	ADJ
cblr-2952	1091	3	markets	market	NOUN
cblr-2952	1091	4	supervision	supervision	PROPN
cblr-2952	1091	5	act	act	PROPN
cblr-2952	1091	6	,	,	PUNCT
cblr-2952	1091	7	§	§	PROPN
cblr-2952	1091	8	2:66	2:66	NUM
cblr-2952	1091	9	(	(	PUNCT
cblr-2952	1091	10	(	(	PUNCT
cblr-2952	1091	11	wft	wft	PROPN
cblr-2952	1091	12	)	)	PUNCT
cblr-2952	1091	13	jan	jan	PROPN
cblr-2952	1091	14	.	.	PROPN
cblr-2952	1091	15	1	1	NUM
cblr-2952	1091	16	,	,	PUNCT
cblr-2952	1091	17	2007	2007	NUM
cblr-2952	1091	18	)	)	PUNCT
cblr-2952	1091	19	.	.	PUNCT
cblr-2952	1092	1	the	the	DET
cblr-2952	1092	2	lse	lse	PROPN
cblr-2952	1092	3	standards	standard	NOUN
cblr-2952	1092	4	for	for	ADP
cblr-2952	1092	5	close	close	ADV
cblr-2952	1092	6	-	-	PUNCT
cblr-2952	1092	7	ended	end	VERB
cblr-2952	1092	8	domestic	domestic	ADJ
cblr-2952	1092	9	investment	investment	NOUN
cblr-2952	1092	10	entities	entity	NOUN
cblr-2952	1092	11	are	be	AUX
cblr-2952	1092	12	under	under	ADP
cblr-2952	1092	13	revision	revision	NOUN
cblr-2952	1092	14	,	,	PUNCT
cblr-2952	1092	15	but	but	CCONJ
cblr-2952	1092	16	are	be	AUX
cblr-2952	1092	17	currently	currently	ADV
cblr-2952	1092	18	set	set	VERB
cblr-2952	1092	19	out	out	ADP
cblr-2952	1092	20	in	in	ADP
cblr-2952	1092	21	chapter	chapter	NOUN
cblr-2952	1092	22	15	15	NUM
cblr-2952	1092	23	of	of	ADP
cblr-2952	1092	24	the	the	DET
cblr-2952	1092	25	u.k	u.k	PROPN
cblr-2952	1092	26	.	.	PROPN
cblr-2952	1092	27	listing	list	VERB
cblr-2952	1092	28	authority	authority	NOUN
cblr-2952	1092	29	's	's	PART
cblr-2952	1092	30	listing	listing	NOUN
cblr-2952	1092	31	rules	rule	NOUN
cblr-2952	1092	32	.	.	PUNCT
cblr-2952	1093	1	see	see	VERB
cblr-2952	1093	2	ukla	ukla	PROPN
cblr-2952	1093	3	listings	listing	NOUN
cblr-2952	1093	4	rules	rule	VERB
cblr-2952	1093	5	15	15	NUM
cblr-2952	1093	6	(	(	PUNCT
cblr-2952	1093	7	investment	investment	NOUN
cblr-2952	1093	8	entities	entity	NOUN
cblr-2952	1093	9	)	)	PUNCT
cblr-2952	1093	10	,	,	PUNCT
cblr-2952	1093	11	available	available	ADJ
cblr-2952	1093	12	at	at	ADP
cblr-2952	1093	13	http://fsahandbook.info/fsa/html/handbook/lr	http://fsahandbook.info/fsa/html/handbook/lr	NOUN
cblr-2952	1093	14	.	.	PUNCT
cblr-2952	1094	1	[	[	X
cblr-2952	1094	2	vol	vol	NOUN
cblr-2952	1094	3	.	.	NOUN
cblr-2952	1094	4	2008	2008	NUM
cblr-2952	1094	5	black	black	ADJ
cblr-2952	1094	6	market	market	NOUN
cblr-2952	1094	7	capital	capital	NOUN
cblr-2952	1094	8	financial	financial	PROPN
cblr-2952	1094	9	services	service	NOUN
cblr-2952	1094	10	authority	authority	NOUN
cblr-2952	1094	11	(	(	PUNCT
cblr-2952	1094	12	"	"	PUNCT
cblr-2952	1094	13	fsa	fsa	PROPN
cblr-2952	1094	14	"	"	PUNCT
cblr-2952	1094	15	)	)	PUNCT
cblr-2952	1094	16	in	in	ADP
cblr-2952	1094	17	the	the	DET
cblr-2952	1094	18	united	united	PROPN
cblr-2952	1094	19	kingdom	kingdom	PROPN
cblr-2952	1094	20	limits	limit	VERB
cblr-2952	1094	21	the	the	DET
cblr-2952	1094	22	public	public	ADJ
cblr-2952	1094	23	marketing	marketing	NOUN
cblr-2952	1094	24	to	to	ADP
cblr-2952	1094	25	retail	retail	ADJ
cblr-2952	1094	26	investors	investor	NOUN
cblr-2952	1094	27	of	of	ADP
cblr-2952	1094	28	single	single	ADJ
cblr-2952	1094	29	strategy	strategy	NOUN
cblr-2952	1094	30	hedge	hedge	NOUN
cblr-2952	1094	31	funds	fund	NOUN
cblr-2952	1094	32	and	and	CCONJ
cblr-2952	1094	33	private	private	ADJ
cblr-2952	1094	34	equity	equity	NOUN
cblr-2952	1094	35	.	.	PUNCT
cblr-2952	1095	1	"	"	PUNCT
cblr-2952	1095	2	'	'	PUNCT
cblr-2952	1095	3	however	however	ADV
cblr-2952	1095	4	,	,	PUNCT
cblr-2952	1095	5	in	in	ADP
cblr-2952	1095	6	october	october	PROPN
cblr-2952	1095	7	2006	2006	NUM
cblr-2952	1095	8	,	,	PUNCT
cblr-2952	1095	9	the	the	DET
cblr-2952	1095	10	fsa	fsa	PROPN
cblr-2952	1095	11	announced	announce	VERB
cblr-2952	1095	12	an	an	DET
cblr-2952	1095	13	initiative	initiative	NOUN
cblr-2952	1095	14	to	to	PART
cblr-2952	1095	15	consider	consider	VERB
cblr-2952	1095	16	permitting	permit	VERB
cblr-2952	1095	17	hedge	hedge	NOUN
cblr-2952	1095	18	funds	fund	NOUN
cblr-2952	1095	19	of	of	ADP
cblr-2952	1095	20	funds	fund	NOUN
cblr-2952	1095	21	to	to	PART
cblr-2952	1095	22	be	be	AUX
cblr-2952	1095	23	generally	generally	ADV
cblr-2952	1095	24	marketed	market	VERB
cblr-2952	1095	25	to	to	ADP
cblr-2952	1095	26	retail	retail	ADJ
cblr-2952	1095	27	investors.4	investors.4	NOUN
cblr-2952	1095	28	2	2	NUM
cblr-2952	1095	29	illustrating	illustrate	VERB
cblr-2952	1095	30	that	that	DET
cblr-2952	1095	31	black	black	ADJ
cblr-2952	1095	32	market	market	NOUN
cblr-2952	1095	33	capital	capital	NOUN
cblr-2952	1095	34	is	be	AUX
cblr-2952	1095	35	not	not	PART
cblr-2952	1095	36	limited	limit	VERB
cblr-2952	1095	37	to	to	ADP
cblr-2952	1095	38	the	the	DET
cblr-2952	1095	39	united	united	PROPN
cblr-2952	1095	40	states	states	PROPN
cblr-2952	1095	41	,	,	PUNCT
cblr-2952	1095	42	the	the	DET
cblr-2952	1095	43	fsa	fsa	PROPN
cblr-2952	1095	44	justified	justify	VERB
cblr-2952	1095	45	its	its	PRON
cblr-2952	1095	46	review	review	NOUN
cblr-2952	1095	47	by	by	ADP
cblr-2952	1095	48	stating	state	VERB
cblr-2952	1095	49	that	that	SCONJ
cblr-2952	1095	50	:	:	PUNCT
cblr-2952	1095	51	retail	retail	ADJ
cblr-2952	1095	52	investors	investor	NOUN
cblr-2952	1095	53	can	can	AUX
cblr-2952	1095	54	currently	currently	ADV
cblr-2952	1095	55	gain	gain	VERB
cblr-2952	1095	56	access	access	NOUN
cblr-2952	1095	57	to	to	ADP
cblr-2952	1095	58	products	product	NOUN
cblr-2952	1095	59	with	with	ADP
cblr-2952	1095	60	hedge	hedge	NOUN
cblr-2952	1095	61	-	-	PUNCT
cblr-2952	1095	62	fund	fund	NOUN
cblr-2952	1095	63	investment	investment	NOUN
cblr-2952	1095	64	characteristics	characteristic	NOUN
cblr-2952	1095	65	through	through	ADP
cblr-2952	1095	66	a	a	DET
cblr-2952	1095	67	variety	variety	NOUN
cblr-2952	1095	68	of	of	ADP
cblr-2952	1095	69	means	mean	NOUN
cblr-2952	1095	70	,	,	PUNCT
cblr-2952	1095	71	including	include	VERB
cblr-2952	1095	72	listed	list	VERB
cblr-2952	1095	73	funds	fund	NOUN
cblr-2952	1095	74	of	of	ADP
cblr-2952	1095	75	hedge	hedge	NOUN
cblr-2952	1095	76	funds	fund	NOUN
cblr-2952	1095	77	,	,	PUNCT
cblr-2952	1095	78	land	land	NOUN
cblr-2952	1095	79	]	]	PUNCT
cblr-2952	1095	80	funds	fund	NOUN
cblr-2952	1095	81	offered	offer	VERB
cblr-2952	1095	82	on	on	ADP
cblr-2952	1095	83	the	the	DET
cblr-2952	1095	84	internet	internet	NOUN
cblr-2952	1095	85	from	from	ADP
cblr-2952	1095	86	european	european	ADJ
cblr-2952	1095	87	jurisdictions	jurisdiction	NOUN
cblr-2952	1095	88	....	....	PUNCT
cblr-2952	1096	1	243	243	NUM
cblr-2952	1096	2	in	in	ADP
cblr-2952	1096	3	addition	addition	NOUN
cblr-2952	1096	4	,	,	PUNCT
cblr-2952	1096	5	the	the	DET
cblr-2952	1096	6	fsa	fsa	PROPN
cblr-2952	1096	7	is	be	AUX
cblr-2952	1096	8	currently	currently	ADV
cblr-2952	1096	9	implementing	implement	VERB
cblr-2952	1096	10	revised	revise	VERB
cblr-2952	1096	11	lse	lse	NOUN
cblr-2952	1096	12	listing	listing	NOUN
cblr-2952	1096	13	rules	rule	NOUN
cblr-2952	1096	14	to	to	PART
cblr-2952	1096	15	further	far	ADV
cblr-2952	1096	16	accommodate	accommodate	VERB
cblr-2952	1096	17	hedge	hedge	NOUN
cblr-2952	1096	18	funds	fund	NOUN
cblr-2952	1096	19	and	and	CCONJ
cblr-2952	1096	20	private	private	ADJ
cblr-2952	1096	21	equity	equity	NOUN
cblr-2952	1096	22	listings.2	listings.2	PROPN
cblr-2952	1096	23	"	"	PUNCT
cblr-2952	1096	24	in	in	ADP
cblr-2952	1096	25	anticipation	anticipation	NOUN
cblr-2952	1096	26	of	of	ADP
cblr-2952	1096	27	these	these	DET
cblr-2952	1096	28	rule	rule	NOUN
cblr-2952	1096	29	revisions	revision	NOUN
cblr-2952	1096	30	,	,	PUNCT
cblr-2952	1096	31	on	on	ADP
cblr-2952	1096	32	july	july	PROPN
cblr-2952	1096	33	12	12	NUM
cblr-2952	1096	34	,	,	PUNCT
cblr-2952	1096	35	2007	2007	NUM
cblr-2952	1096	36	the	the	DET
cblr-2952	1096	37	lse	lse	PROPN
cblr-2952	1096	38	announced	announce	VERB
cblr-2952	1096	39	the	the	DET
cblr-2952	1096	40	establishment	establishment	NOUN
cblr-2952	1096	41	of	of	ADP
cblr-2952	1096	42	a	a	DET
cblr-2952	1096	43	dedicated	dedicated	ADJ
cblr-2952	1096	44	new	new	ADJ
cblr-2952	1096	45	market	market	NOUN
cblr-2952	1096	46	,	,	PUNCT
cblr-2952	1096	47	the	the	DET
cblr-2952	1096	48	specialist	specialist	NOUN
cblr-2952	1096	49	fund	fund	NOUN
cblr-2952	1096	50	market	market	NOUN
cblr-2952	1096	51	,	,	PUNCT
cblr-2952	1096	52	for	for	ADP
cblr-2952	1096	53	institutional	institutional	ADJ
cblr-2952	1096	54	investors	investor	NOUN
cblr-2952	1096	55	and	and	CCONJ
cblr-2952	1096	56	issuers	issuer	NOUN
cblr-2952	1096	57	of	of	ADP
cblr-2952	1096	58	single	single	ADJ
cblr-2952	1096	59	strategy	strategy	NOUN
cblr-2952	1096	60	hedge	hedge	NOUN
cblr-2952	1096	61	funds	fund	NOUN
cblr-2952	1096	62	and	and	CCONJ
cblr-2952	1096	63	private	private	ADJ
cblr-2952	1096	64	equity	equity	NOUN
cblr-2952	1096	65	vehicles.245	vehicles.245	PROPN
cblr-2952	1096	66	this	this	DET
cblr-2952	1096	67	market	market	NOUN
cblr-2952	1096	68	,	,	PUNCT
cblr-2952	1096	69	which	which	PRON
cblr-2952	1096	70	is	be	AUX
cblr-2952	1096	71	deliberately	deliberately	ADV
cblr-2952	1096	72	less	less	ADV
cblr-2952	1096	73	regulated	regulated	ADJ
cblr-2952	1096	74	than	than	ADP
cblr-2952	1096	75	the	the	DET
cblr-2952	1096	76	lse	lse	NOUN
cblr-2952	1096	77	's	's	PART
cblr-2952	1096	78	main	main	ADJ
cblr-2952	1096	79	market	market	NOUN
cblr-2952	1096	80	,	,	PUNCT
cblr-2952	1096	81	was	be	AUX
cblr-2952	1096	82	set	set	VERB
cblr-2952	1096	83	up	up	ADP
cblr-2952	1096	84	to	to	PART
cblr-2952	1096	85	better	well	ADV
cblr-2952	1096	86	position	position	VERB
cblr-2952	1096	87	the	the	DET
cblr-2952	1096	88	lse	lse	NOUN
cblr-2952	1096	89	to	to	PART
cblr-2952	1096	90	attract	attract	VERB
cblr-2952	1096	91	pri241	pri241	PROPN
cblr-2952	1096	92	see	see	VERB
cblr-2952	1096	93	generally	generally	ADV
cblr-2952	1096	94	financial	financial	ADJ
cblr-2952	1096	95	services	service	NOUN
cblr-2952	1096	96	authority	authority	NOUN
cblr-2952	1096	97	,	,	PUNCT
cblr-2952	1096	98	wider	wide	ADJ
cblr-2952	1096	99	-	-	PUNCT
cblr-2952	1096	100	range	range	NOUN
cblr-2952	1096	101	retail	retail	ADJ
cblr-2952	1096	102	investment	investment	NOUN
cblr-2952	1096	103	products	product	NOUN
cblr-2952	1096	104	consumer	consumer	NOUN
cblr-2952	1096	105	protection	protection	NOUN
cblr-2952	1096	106	in	in	ADP
cblr-2952	1096	107	a	a	DET
cblr-2952	1096	108	rapidly	rapidly	ADV
cblr-2952	1096	109	changing	change	VERB
cblr-2952	1096	110	world	world	NOUN
cblr-2952	1096	111	(	(	PUNCT
cblr-2952	1096	112	june	june	PROPN
cblr-2952	1096	113	2005	2005	NUM
cblr-2952	1096	114	)	)	PUNCT
cblr-2952	1096	115	available	available	ADJ
cblr-2952	1096	116	at	at	ADP
cblr-2952	1096	117	http://www.fsa.gov.uk/pubs/discussion/dp05-o3.pdf	http://www.fsa.gov.uk/pubs/discussion/dp05-o3.pdf	PROPN
cblr-2952	1096	118	(	(	PUNCT
cblr-2952	1096	119	discussing	discuss	VERB
cblr-2952	1096	120	the	the	DET
cblr-2952	1096	121	"	"	PUNCT
cblr-2952	1096	122	nature	nature	NOUN
cblr-2952	1096	123	of	of	ADP
cblr-2952	1096	124	the	the	DET
cblr-2952	1096	125	uk	uk	PROPN
cblr-2952	1096	126	regulatory	regulatory	ADJ
cblr-2952	1096	127	regime	regime	NOUN
cblr-2952	1096	128	that	that	PRON
cblr-2952	1096	129	applies	apply	VERB
cblr-2952	1096	130	to	to	ADP
cblr-2952	1096	131	retail	retail	ADJ
cblr-2952	1096	132	investment	investment	NOUN
cblr-2952	1096	133	products	product	NOUN
cblr-2952	1096	134	"	"	PUNCT
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cblr-2952	1096	136	.	.	PUNCT
cblr-2952	1097	1	242	242	NUM
cblr-2952	1097	2	financial	financial	ADJ
cblr-2952	1097	3	services	service	NOUN
cblr-2952	1097	4	authority	authority	NOUN
cblr-2952	1097	5	,	,	PUNCT
cblr-2952	1097	6	fsa	fsa	PROPN
cblr-2952	1097	7	to	to	PART
cblr-2952	1097	8	consider	consider	VERB
cblr-2952	1097	9	extending	extend	VERB
cblr-2952	1097	10	range	range	NOUN
cblr-2952	1097	11	of	of	ADP
cblr-2952	1097	12	retail	retail	ADJ
cblr-2952	1097	13	investment	investment	NOUN
cblr-2952	1097	14	products	product	NOUN
cblr-2952	1097	15	,	,	PUNCT
cblr-2952	1097	16	fsa	fsa	PROPN
cblr-2952	1097	17	/	/	SYM
cblr-2952	1097	18	pn/027/2006	pn/027/2006	PROPN
cblr-2952	1097	19	(	(	PUNCT
cblr-2952	1097	20	mar	mar	PROPN
cblr-2952	1097	21	.	.	PROPN
cblr-2952	1097	22	23	23	NUM
cblr-2952	1097	23	,	,	PUNCT
cblr-2952	1097	24	2006	2006	NUM
cblr-2952	1097	25	)	)	PUNCT
cblr-2952	1097	26	,	,	PUNCT
cblr-2952	1097	27	available	available	ADJ
cblr-2952	1097	28	at	at	ADP
cblr-2952	1097	29	http://www.fsa.gov.uk/pages/library/communication/pr/2006/027.shtml	http://www.fsa.gov.uk/pages/library/communication/pr/2006/027.shtml	PROPN
cblr-2952	1097	30	.	.	PUNCT
cblr-2952	1098	1	243	243	NUM
cblr-2952	1099	1	i	i	PROPN
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cblr-2952	1099	3	'	'	PUNCT
cblr-2952	1099	4	"	"	PUNCT
cblr-2952	1099	5	financial	financial	ADJ
cblr-2952	1099	6	services	service	NOUN
cblr-2952	1099	7	authority	authority	NOUN
cblr-2952	1099	8	,	,	PUNCT
cblr-2952	1099	9	update	update	NOUN
cblr-2952	1099	10	on	on	ADP
cblr-2952	1099	11	investment	investment	NOUN
cblr-2952	1099	12	entities	entity	NOUN
cblr-2952	1099	13	listing	list	VERB
cblr-2952	1099	14	review	review	NOUN
cblr-2952	1099	15	,	,	PUNCT
cblr-2952	1099	16	available	available	ADJ
cblr-2952	1099	17	at	at	ADP
cblr-2952	1099	18	http://www.fsa.gov.uk/pages/library/communication/statements/2007/investmententities_update.shtml	http://www.fsa.gov.uk/pages/library/communication/statements/2007/investmententities_update.shtml	PROPN
cblr-2952	1099	19	.	.	PUNCT
cblr-2952	1100	1	245	245	NUM
cblr-2952	1100	2	see	see	VERB
cblr-2952	1100	3	london	london	PROPN
cblr-2952	1100	4	stock	stock	PROPN
cblr-2952	1100	5	exchange	exchange	PROPN
cblr-2952	1100	6	press	press	NOUN
cblr-2952	1100	7	release	release	NOUN
cblr-2952	1100	8	,	,	PUNCT
cblr-2952	1100	9	london	london	PROPN
cblr-2952	1100	10	stock	stock	PROPN
cblr-2952	1100	11	exchange	exchange	PROPN
cblr-2952	1100	12	launches	launch	VERB
cblr-2952	1100	13	specialist	specialist	NOUN
cblr-2952	1100	14	fund	fund	NOUN
cblr-2952	1100	15	market	market	NOUN
cblr-2952	1100	16	,	,	PUNCT
cblr-2952	1100	17	july	july	PROPN
cblr-2952	1100	18	12	12	NUM
cblr-2952	1100	19	,	,	PUNCT
cblr-2952	1100	20	2007	2007	NUM
cblr-2952	1100	21	,	,	PUNCT
cblr-2952	1100	22	available	available	ADJ
cblr-2952	1100	23	at	at	ADP
cblr-2952	1100	24	http://www.londonstockexchange.com/nr/exeres/caf85279-3285-47b4a5a6-e66269aoe8e2.htm	http://www.londonstockexchange.com/nr/exeres/caf85279-3285-47b4a5a6-e66269aoe8e2.htm	PROPN
cblr-2952	1100	25	.	.	PUNCT
cblr-2952	1101	1	no	no	INTJ
cblr-2952	1101	2	.	.	NOUN
cblr-2952	1102	1	1	1	NUM
cblr-2952	1102	2	:	:	SYM
cblr-2952	1102	3	172	172	NUM
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cblr-2952	1102	5	vate	vate	ADJ
cblr-2952	1102	6	equity	equity	NOUN
cblr-2952	1102	7	fund	fund	PROPN
cblr-2952	1102	8	and	and	CCONJ
cblr-2952	1102	9	hedge	hedge	NOUN
cblr-2952	1102	10	fund	fund	NOUN
cblr-2952	1102	11	listings	listing	NOUN
cblr-2952	1102	12	vis	vis	X
cblr-2952	1102	13	-	-	PUNCT
cblr-2952	1102	14	a	a	DET
cblr-2952	1102	15	-	-	PUNCT
cblr-2952	1102	16	vis	vis	X
cblr-2952	1102	17	euronext	euronext	NOUN
cblr-2952	1102	18	.	.	PUNCT
cblr-2952	1103	1	246	246	NUM
cblr-2952	1104	1	these	these	DET
cblr-2952	1104	2	european	european	ADJ
cblr-2952	1104	3	stock	stock	NOUN
cblr-2952	1104	4	markets	market	NOUN
cblr-2952	1104	5	are	be	AUX
cblr-2952	1104	6	also	also	ADV
cblr-2952	1104	7	acutely	acutely	ADV
cblr-2952	1104	8	aware	aware	ADJ
cblr-2952	1104	9	that	that	SCONJ
cblr-2952	1104	10	one	one	NUM
cblr-2952	1104	11	of	of	ADP
cblr-2952	1104	12	the	the	DET
cblr-2952	1104	13	main	main	ADJ
cblr-2952	1104	14	appeals	appeal	NOUN
cblr-2952	1104	15	they	they	PRON
cblr-2952	1104	16	offer	offer	VERB
cblr-2952	1104	17	funds	fund	NOUN
cblr-2952	1104	18	is	be	AUX
cblr-2952	1104	19	the	the	DET
cblr-2952	1104	20	ability	ability	NOUN
cblr-2952	1104	21	to	to	PART
cblr-2952	1104	22	widely	widely	ADV
cblr-2952	1104	23	access	access	VERB
cblr-2952	1104	24	public	public	ADJ
cblr-2952	1104	25	shareholders.247	shareholders.247	PROPN
cblr-2952	1104	26	for	for	ADP
cblr-2952	1104	27	example	example	NOUN
cblr-2952	1104	28	,	,	PUNCT
cblr-2952	1104	29	when	when	SCONJ
cblr-2952	1104	30	the	the	DET
cblr-2952	1104	31	lse	lse	NOUN
cblr-2952	1104	32	announced	announce	VERB
cblr-2952	1104	33	its	its	PRON
cblr-2952	1104	34	new	new	ADJ
cblr-2952	1104	35	specialist	specialist	NOUN
cblr-2952	1104	36	fund	fund	NOUN
cblr-2952	1104	37	market	market	NOUN
cblr-2952	1104	38	,	,	PUNCT
cblr-2952	1104	39	it	it	PRON
cblr-2952	1104	40	also	also	ADV
cblr-2952	1104	41	noted	note	VERB
cblr-2952	1104	42	that	that	SCONJ
cblr-2952	1104	43	"	"	PUNCT
cblr-2952	1104	44	[	[	PUNCT
cblr-2952	1104	45	ilssuers	ilssuer	NOUN
cblr-2952	1104	46	that	that	PRON
cblr-2952	1104	47	wish	wish	VERB
cblr-2952	1104	48	to	to	PART
cblr-2952	1104	49	market	market	NOUN
cblr-2952	1104	50	funds	fund	NOUN
cblr-2952	1104	51	to	to	ADP
cblr-2952	1104	52	a	a	DET
cblr-2952	1104	53	wide	wide	ADJ
cblr-2952	1104	54	audience	audience	NOUN
cblr-2952	1104	55	,	,	PUNCT
cblr-2952	1104	56	including	include	VERB
cblr-2952	1104	57	retail	retail	ADJ
cblr-2952	1104	58	investors	investor	NOUN
cblr-2952	1104	59	,	,	PUNCT
cblr-2952	1104	60	will	will	AUX
cblr-2952	1104	61	continue	continue	VERB
cblr-2952	1104	62	to	to	PART
cblr-2952	1104	63	have	have	VERB
cblr-2952	1104	64	access	access	NOUN
cblr-2952	1104	65	to	to	ADP
cblr-2952	1104	66	the	the	DET
cblr-2952	1104	67	main	main	ADJ
cblr-2952	1104	68	market	market	NOUN
cblr-2952	1104	69	....	....	PUNCT
cblr-2952	1104	70	,	,	PUNCT
cblr-2952	1104	71	,	,	PUNCT
cblr-2952	1104	72	48	48	NUM
cblr-2952	1104	73	ultimately	ultimately	ADV
cblr-2952	1104	74	,	,	PUNCT
cblr-2952	1104	75	though	though	ADV
cblr-2952	1104	76	,	,	PUNCT
cblr-2952	1104	77	this	this	DET
cblr-2952	1104	78	competition	competition	NOUN
cblr-2952	1104	79	is	be	AUX
cblr-2952	1104	80	defining	define	VERB
cblr-2952	1104	81	the	the	DET
cblr-2952	1104	82	regulatory	regulatory	ADJ
cblr-2952	1104	83	,	,	PUNCT
cblr-2952	1104	84	logistical	logistical	ADJ
cblr-2952	1104	85	,	,	PUNCT
cblr-2952	1104	86	and	and	CCONJ
cblr-2952	1104	87	other	other	ADJ
cblr-2952	1104	88	parameters	parameter	NOUN
cblr-2952	1104	89	of	of	ADP
cblr-2952	1104	90	an	an	DET
cblr-2952	1104	91	economically	economically	ADV
cblr-2952	1104	92	optimal	optimal	ADJ
cblr-2952	1104	93	market	market	NOUN
cblr-2952	1104	94	for	for	ADP
cblr-2952	1104	95	regulation	regulation	NOUN
cblr-2952	1104	96	of	of	ADP
cblr-2952	1104	97	publicly	publicly	ADV
cblr-2952	1104	98	-	-	PUNCT
cblr-2952	1104	99	traded	trade	VERB
cblr-2952	1104	100	hedge	hedge	NOUN
cblr-2952	1104	101	funds	fund	NOUN
cblr-2952	1104	102	and	and	CCONJ
cblr-2952	1104	103	private	private	ADJ
cblr-2952	1104	104	equity	equity	NOUN
cblr-2952	1104	105	funds	fund	NOUN
cblr-2952	1104	106	.	.	PUNCT
cblr-2952	1105	1	this	this	PRON
cblr-2952	1105	2	is	be	AUX
cblr-2952	1105	3	a	a	DET
cblr-2952	1105	4	worthy	worthy	ADJ
cblr-2952	1105	5	experiment	experiment	NOUN
cblr-2952	1105	6	in	in	ADP
cblr-2952	1105	7	the	the	DET
cblr-2952	1105	8	global	global	ADJ
cblr-2952	1105	9	competition	competition	NOUN
cblr-2952	1105	10	for	for	ADP
cblr-2952	1105	11	capital	capital	NOUN
cblr-2952	1105	12	and	and	CCONJ
cblr-2952	1105	13	listings	listing	NOUN
cblr-2952	1105	14	,	,	PUNCT
cblr-2952	1105	15	one	one	NUM
cblr-2952	1105	16	with	with	ADP
cblr-2952	1105	17	implications	implication	NOUN
cblr-2952	1105	18	for	for	ADP
cblr-2952	1105	19	the	the	DET
cblr-2952	1105	20	larger	large	ADJ
cblr-2952	1105	21	competition	competition	NOUN
cblr-2952	1105	22	for	for	ADP
cblr-2952	1105	23	listings	listing	NOUN
cblr-2952	1105	24	of	of	ADP
cblr-2952	1105	25	publicly	publicly	ADV
cblr-2952	1105	26	traded	trade	VERB
cblr-2952	1105	27	companies.249	companies.249	NOUN
cblr-2952	1105	28	yet	yet	ADV
cblr-2952	1105	29	,	,	PUNCT
cblr-2952	1105	30	the	the	DET
cblr-2952	1105	31	u.s	u.s	PROPN
cblr-2952	1105	32	.	.	PROPN
cblr-2952	1105	33	markets	market	NOUN
cblr-2952	1105	34	are	be	AUX
cblr-2952	1105	35	not	not	PART
cblr-2952	1105	36	even	even	ADV
cblr-2952	1105	37	in	in	ADP
cblr-2952	1105	38	this	this	DET
cblr-2952	1105	39	competition	competition	NOUN
cblr-2952	1105	40	;	;	PUNCT
cblr-2952	1105	41	they	they	PRON
cblr-2952	1105	42	are	be	AUX
cblr-2952	1105	43	currently	currently	ADV
cblr-2952	1105	44	and	and	CCONJ
cblr-2952	1105	45	unwillingly	unwillingly	ADV
cblr-2952	1105	46	forfeiting	forfeit	VERB
cblr-2952	1105	47	an	an	DET
cblr-2952	1105	48	entire	entire	ADJ
cblr-2952	1105	49	market	market	NOUN
cblr-2952	1105	50	segment	segment	NOUN
cblr-2952	1105	51	to	to	ADP
cblr-2952	1105	52	foreign	foreign	ADJ
cblr-2952	1105	53	stock	stock	NOUN
cblr-2952	1105	54	markets	market	NOUN
cblr-2952	1105	55	,	,	PUNCT
cblr-2952	1105	56	a	a	DET
cblr-2952	1105	57	beach	beach	NOUN
cblr-2952	1105	58	-	-	PUNCT
cblr-2952	1105	59	head	head	NOUN
cblr-2952	1105	60	they	they	PRON
cblr-2952	1105	61	may	may	AUX
cblr-2952	1105	62	never	never	ADV
cblr-2952	1105	63	recover	recover	VERB
cblr-2952	1105	64	even	even	ADV
cblr-2952	1105	65	if	if	SCONJ
cblr-2952	1105	66	they	they	PRON
cblr-2952	1105	67	are	be	AUX
cblr-2952	1105	68	later	later	ADV
cblr-2952	1105	69	regulatorily	regulatorily	ADV
cblr-2952	1105	70	permitted	permit	VERB
cblr-2952	1105	71	to	to	PART
cblr-2952	1105	72	enter	enter	VERB
cblr-2952	1105	73	this	this	DET
cblr-2952	1105	74	market	market	NOUN
cblr-2952	1105	75	.	.	PUNCT
cblr-2952	1106	1	vi	vi	X
cblr-2952	1106	2	.	.	NOUN
cblr-2952	1107	1	toward	toward	ADP
cblr-2952	1107	2	retail	retail	ADJ
cblr-2952	1107	3	capital	capital	NOUN
cblr-2952	1107	4	black	black	ADJ
cblr-2952	1107	5	market	market	NOUN
cblr-2952	1107	6	capital	capital	NOUN
cblr-2952	1107	7	thus	thus	ADV
cblr-2952	1107	8	produces	produce	VERB
cblr-2952	1107	9	increased	increase	VERB
cblr-2952	1107	10	investment	investment	NOUN
cblr-2952	1107	11	in	in	ADP
cblr-2952	1107	12	seemingly	seemingly	ADV
cblr-2952	1107	13	less	less	ADV
cblr-2952	1107	14	suitable	suitable	ADJ
cblr-2952	1107	15	hedge	hedge	NOUN
cblr-2952	1107	16	fund	fund	NOUN
cblr-2952	1107	17	and	and	CCONJ
cblr-2952	1107	18	private	private	ADJ
cblr-2952	1107	19	equity	equity	NOUN
cblr-2952	1107	20	substitutes	substitute	NOUN
cblr-2952	1107	21	,	,	PUNCT
cblr-2952	1107	22	engendering	engender	VERB
cblr-2952	1107	23	uneconomic	uneconomic	ADJ
cblr-2952	1107	24	distortion	distortion	NOUN
cblr-2952	1107	25	within	within	ADP
cblr-2952	1107	26	the	the	DET
cblr-2952	1107	27	246	246	NUM
cblr-2952	1107	28	see	see	NOUN
cblr-2952	1107	29	james	james	PROPN
cblr-2952	1107	30	quinn	quinn	PROPN
cblr-2952	1107	31	&	&	CCONJ
cblr-2952	1107	32	yvette	yvette	PROPN
cblr-2952	1107	33	essen	essen	PROPN
cblr-2952	1107	34	,	,	PUNCT
cblr-2952	1107	35	new	new	ADJ
cblr-2952	1107	36	lse	lse	NOUN
cblr-2952	1107	37	market	market	NOUN
cblr-2952	1107	38	will	will	AUX
cblr-2952	1107	39	target	target	VERB
cblr-2952	1107	40	hedge	hedge	NOUN
cblr-2952	1107	41	funds	fund	NOUN
cblr-2952	1107	42	,	,	PUNCT
cblr-2952	1107	43	telegraph	telegraph	NOUN
cblr-2952	1107	44	,	,	PUNCT
cblr-2952	1107	45	july	july	PROPN
cblr-2952	1107	46	13	13	NUM
cblr-2952	1107	47	,	,	PUNCT
cblr-2952	1107	48	2007	2007	NUM
cblr-2952	1107	49	,	,	PUNCT
cblr-2952	1107	50	available	available	ADJ
cblr-2952	1107	51	at	at	ADP
cblr-2952	1107	52	http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/13/cnl	http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/07/13/cnl	NOUN
cblr-2952	1107	53	se113.xml	se113.xml	PROPN
cblr-2952	1107	54	.	.	PUNCT
cblr-2952	1108	1	211	211	NUM
cblr-2952	1108	2	see	see	VERB
cblr-2952	1108	3	generally	generally	ADV
cblr-2952	1108	4	pricewaterhousecoopers	pricewaterhousecooper	NOUN
cblr-2952	1108	5	,	,	PUNCT
cblr-2952	1108	6	under	under	ADP
cblr-2952	1108	7	the	the	DET
cblr-2952	1108	8	spotlight	spotlight	NOUN
cblr-2952	1108	9	:	:	PUNCT
cblr-2952	1108	10	the	the	DET
cblr-2952	1108	11	regulation	regulation	NOUN
cblr-2952	1108	12	,	,	PUNCT
cblr-2952	1108	13	taxation	taxation	NOUN
cblr-2952	1108	14	and	and	CCONJ
cblr-2952	1108	15	distribution	distribution	NOUN
cblr-2952	1108	16	of	of	ADP
cblr-2952	1108	17	hedge	hedge	NOUN
cblr-2952	1108	18	funds	fund	NOUN
cblr-2952	1108	19	around	around	ADP
cblr-2952	1108	20	the	the	DET
cblr-2952	1108	21	globe	globe	NOUN
cblr-2952	1108	22	(	(	PUNCT
cblr-2952	1108	23	2007	2007	NUM
cblr-2952	1108	24	)	)	PUNCT
cblr-2952	1108	25	(	(	PUNCT
cblr-2952	1108	26	stating	state	VERB
cblr-2952	1108	27	that	that	SCONJ
cblr-2952	1108	28	non	non	ADJ
cblr-2952	1108	29	-	-	ADJ
cblr-2952	1108	30	u.s	u.s	PROPN
cblr-2952	1108	31	.	.	PUNCT
cblr-2952	1108	32	"	"	PUNCT
cblr-2952	1108	33	regulators	regulator	NOUN
cblr-2952	1108	34	appear	appear	VERB
cblr-2952	1108	35	to	to	PART
cblr-2952	1108	36	have	have	AUX
cblr-2952	1108	37	accepted	accept	VERB
cblr-2952	1108	38	the	the	DET
cblr-2952	1108	39	fact	fact	NOUN
cblr-2952	1108	40	that	that	SCONJ
cblr-2952	1108	41	hedge	hedge	NOUN
cblr-2952	1108	42	funds	fund	NOUN
cblr-2952	1108	43	will	will	AUX
cblr-2952	1108	44	continue	continue	VERB
cblr-2952	1108	45	to	to	PART
cblr-2952	1108	46	penetrate	penetrate	VERB
cblr-2952	1108	47	the	the	DET
cblr-2952	1108	48	retail	retail	ADJ
cblr-2952	1108	49	market	market	NOUN
cblr-2952	1108	50	...	...	PUNCT
cblr-2952	1108	51	"	"	PUNCT
cblr-2952	1108	52	)	)	PUNCT
cblr-2952	1108	53	,	,	PUNCT
cblr-2952	1108	54	available	available	ADJ
cblr-2952	1108	55	at	at	ADP
cblr-2952	1108	56	http://www.pwc.com/extweb/pwcpublications.nsf/docid/5d8ab75a01c274b9852572fa0073a6c0/$file/under-the-spotlite.pdf	http://www.pwc.com/extweb/pwcpublications.nsf/docid/5d8ab75a01c274b9852572fa0073a6c0/$file/under-the-spotlite.pdf	NOUN
cblr-2952	1108	57	248	248	NUM
cblr-2952	1108	58	i	i	NOUN
cblr-2952	1108	59	d.	d.	PROPN
cblr-2952	1108	60	249	249	NUM
cblr-2952	1108	61	for	for	ADP
cblr-2952	1108	62	an	an	DET
cblr-2952	1108	63	analysis	analysis	NOUN
cblr-2952	1108	64	and	and	CCONJ
cblr-2952	1108	65	description	description	NOUN
cblr-2952	1108	66	of	of	ADP
cblr-2952	1108	67	this	this	DET
cblr-2952	1108	68	market	market	NOUN
cblr-2952	1108	69	,	,	PUNCT
cblr-2952	1108	70	see	see	VERB
cblr-2952	1108	71	davidoff	davidoff	PROPN
cblr-2952	1108	72	,	,	PUNCT
cblr-2952	1108	73	supra	supra	PROPN
cblr-2952	1108	74	note	note	NOUN
cblr-2952	1108	75	186	186	NUM
cblr-2952	1108	76	,	,	PUNCT
cblr-2952	1108	77	at	at	ADP
cblr-2952	1108	78	145	145	NUM
cblr-2952	1108	79	-	-	SYM
cblr-2952	1108	80	52	52	NUM
cblr-2952	1108	81	.	.	PUNCT
cblr-2952	1109	1	columbia	columbia	PROPN
cblr-2952	1109	2	business	business	PROPN
cblr-2952	1109	3	la	la	PROPN
cblr-2952	1109	4	wreview	wreview	VERB
cblr-2952	1109	5	[	[	X
cblr-2952	1109	6	vol	vol	NOUN
cblr-2952	1109	7	.	.	NOUN
cblr-2952	1109	8	2008	2008	NUM
cblr-2952	1109	9	black	black	ADJ
cblr-2952	1109	10	market	market	NOUN
cblr-2952	1109	11	capital	capital	NOUN
cblr-2952	1109	12	u.s	u.s	PROPN
cblr-2952	1109	13	.	.	PROPN
cblr-2952	1109	14	capital	capital	NOUN
cblr-2952	1109	15	market	market	NOUN
cblr-2952	1109	16	.	.	PUNCT
cblr-2952	1110	1	it	it	PRON
cblr-2952	1110	2	also	also	ADV
cblr-2952	1110	3	exposes	expose	VERB
cblr-2952	1110	4	the	the	DET
cblr-2952	1110	5	irrationality	irrationality	NOUN
cblr-2952	1110	6	inherent	inherent	ADJ
cblr-2952	1110	7	in	in	ADP
cblr-2952	1110	8	current	current	ADJ
cblr-2952	1110	9	regulation	regulation	NOUN
cblr-2952	1110	10	;	;	PUNCT
cblr-2952	1110	11	public	public	ADJ
cblr-2952	1110	12	offerings	offering	NOUN
cblr-2952	1110	13	of	of	ADP
cblr-2952	1110	14	private	private	ADJ
cblr-2952	1110	15	equity	equity	NOUN
cblr-2952	1110	16	and	and	CCONJ
cblr-2952	1110	17	hedge	hedge	NOUN
cblr-2952	1110	18	fund	fund	NOUN
cblr-2952	1110	19	investments	investment	NOUN
cblr-2952	1110	20	are	be	AUX
cblr-2952	1110	21	prohibited	prohibit	VERB
cblr-2952	1110	22	,	,	PUNCT
cblr-2952	1110	23	yet	yet	CCONJ
cblr-2952	1110	24	riskier	risky	ADJ
cblr-2952	1110	25	black	black	ADJ
cblr-2952	1110	26	market	market	NOUN
cblr-2952	1110	27	investments	investment	NOUN
cblr-2952	1110	28	which	which	PRON
cblr-2952	1110	29	attempt	attempt	VERB
cblr-2952	1110	30	to	to	PART
cblr-2952	1110	31	mimic	mimic	VERB
cblr-2952	1110	32	hedge	hedge	NOUN
cblr-2952	1110	33	fund	fund	NOUN
cblr-2952	1110	34	and	and	CCONJ
cblr-2952	1110	35	private	private	ADJ
cblr-2952	1110	36	equity	equity	NOUN
cblr-2952	1110	37	characteristics	characteristic	NOUN
cblr-2952	1110	38	are	be	AUX
cblr-2952	1110	39	permitted	permit	VERB
cblr-2952	1110	40	.	.	PUNCT
cblr-2952	1111	1	the	the	DET
cblr-2952	1111	2	sec	sec	PROPN
cblr-2952	1111	3	has	have	VERB
cblr-2952	1111	4	yet	yet	ADV
cblr-2952	1111	5	to	to	PART
cblr-2952	1111	6	recognize	recognize	VERB
cblr-2952	1111	7	these	these	DET
cblr-2952	1111	8	costs	cost	NOUN
cblr-2952	1111	9	.	.	PUNCT
cblr-2952	1112	1	moreover	moreover	ADV
cblr-2952	1112	2	,	,	PUNCT
cblr-2952	1112	3	the	the	DET
cblr-2952	1112	4	sec	sec	PROPN
cblr-2952	1112	5	has	have	AUX
cblr-2952	1112	6	not	not	PART
cblr-2952	1112	7	conducted	conduct	VERB
cblr-2952	1112	8	any	any	DET
cblr-2952	1112	9	cost	cost	NOUN
cblr-2952	1112	10	-	-	PUNCT
cblr-2952	1112	11	benefit	benefit	NOUN
cblr-2952	1112	12	analysis	analysis	NOUN
cblr-2952	1112	13	of	of	ADP
cblr-2952	1112	14	its	its	PRON
cblr-2952	1112	15	current	current	ADJ
cblr-2952	1112	16	hedge	hedge	NOUN
cblr-2952	1112	17	fund	fund	NOUN
cblr-2952	1112	18	and	and	CCONJ
cblr-2952	1112	19	private	private	ADJ
cblr-2952	1112	20	equity	equity	NOUN
cblr-2952	1112	21	regulation	regulation	NOUN
cblr-2952	1112	22	or	or	CCONJ
cblr-2952	1112	23	its	its	PRON
cblr-2952	1112	24	flip	flip	ADJ
cblr-2952	1112	25	side	side	NOUN
cblr-2952	1112	26	,	,	PUNCT
cblr-2952	1112	27	an	an	DET
cblr-2952	1112	28	open	open	ADJ
cblr-2952	1112	29	market	market	NOUN
cblr-2952	1112	30	solution.25	solution.25	NOUN
cblr-2952	1112	31	°	°	ADP
cblr-2952	1112	32	this	this	DET
cblr-2952	1112	33	part	part	NOUN
cblr-2952	1112	34	considers	consider	VERB
cblr-2952	1112	35	the	the	DET
cblr-2952	1112	36	costs	cost	NOUN
cblr-2952	1112	37	and	and	CCONJ
cblr-2952	1112	38	benefits	benefit	NOUN
cblr-2952	1112	39	of	of	ADP
cblr-2952	1112	40	such	such	DET
cblr-2952	1112	41	an	an	DET
cblr-2952	1112	42	open	open	ADJ
cblr-2952	1112	43	market	market	NOUN
cblr-2952	1112	44	solution.2	solution.2	NOUN
cblr-2952	1112	45	"	"	PUNCT
cblr-2952	1112	46	'	'	PUNCT
cblr-2952	1112	47	in	in	ADP
cblr-2952	1112	48	particular	particular	ADJ
cblr-2952	1112	49	,	,	PUNCT
cblr-2952	1112	50	it	it	PRON
cblr-2952	1112	51	considers	consider	VERB
cblr-2952	1112	52	the	the	DET
cblr-2952	1112	53	countervailing	countervail	VERB
cblr-2952	1112	54	arguments	argument	NOUN
cblr-2952	1112	55	in	in	ADP
cblr-2952	1112	56	favor	favor	NOUN
cblr-2952	1112	57	of	of	ADP
cblr-2952	1112	58	the	the	DET
cblr-2952	1112	59	regulatory	regulatory	ADJ
cblr-2952	1112	60	status	status	NOUN
cblr-2952	1112	61	quo	quo	NOUN
cblr-2952	1112	62	.	.	PUNCT
cblr-2952	1113	1	i	i	PRON
cblr-2952	1113	2	conclude	conclude	VERB
cblr-2952	1113	3	that	that	SCONJ
cblr-2952	1113	4	any	any	DET
cblr-2952	1113	5	sec	sec	PROPN
cblr-2952	1113	6	study	study	NOUN
cblr-2952	1113	7	is	be	AUX
cblr-2952	1113	8	likely	likely	ADJ
cblr-2952	1113	9	to	to	PART
cblr-2952	1113	10	find	find	VERB
cblr-2952	1113	11	that	that	SCONJ
cblr-2952	1113	12	the	the	DET
cblr-2952	1113	13	open	open	ADJ
cblr-2952	1113	14	market	market	NOUN
cblr-2952	1113	15	solution	solution	NOUN
cblr-2952	1113	16	is	be	AUX
cblr-2952	1113	17	more	more	ADV
cblr-2952	1113	18	socially	socially	ADV
cblr-2952	1113	19	optimal	optimal	ADJ
cblr-2952	1113	20	than	than	ADP
cblr-2952	1113	21	the	the	DET
cblr-2952	1113	22	current	current	ADJ
cblr-2952	1113	23	regime	regime	NOUN
cblr-2952	1113	24	.	.	PUNCT
cblr-2952	1114	1	a.	a.	NOUN
cblr-2952	1115	1	the	the	DET
cblr-2952	1115	2	open	open	ADJ
cblr-2952	1115	3	market	market	NOUN
cblr-2952	1115	4	solution	solution	NOUN
cblr-2952	1115	5	's	's	PART
cblr-2952	1115	6	benefits	benefit	NOUN
cblr-2952	1115	7	an	an	DET
cblr-2952	1115	8	open	open	ADJ
cblr-2952	1115	9	market	market	NOUN
cblr-2952	1115	10	solution	solution	NOUN
cblr-2952	1115	11	would	would	AUX
cblr-2952	1115	12	permit	permit	VERB
cblr-2952	1115	13	public	public	ADJ
cblr-2952	1115	14	investors	investor	NOUN
cblr-2952	1115	15	to	to	PART
cblr-2952	1115	16	invest	invest	VERB
cblr-2952	1115	17	in	in	ADP
cblr-2952	1115	18	their	their	PRON
cblr-2952	1115	19	desired	desire	VERB
cblr-2952	1115	20	investment	investment	NOUN
cblr-2952	1115	21	opportunities	opportunity	NOUN
cblr-2952	1115	22	.	.	PUNCT
cblr-2952	1116	1	they	they	PRON
cblr-2952	1116	2	could	could	AUX
cblr-2952	1116	3	consequently	consequently	ADV
cblr-2952	1116	4	access	access	VERB
cblr-2952	1116	5	the	the	DET
cblr-2952	1116	6	directed	direct	VERB
cblr-2952	1116	7	benefits	benefit	NOUN
cblr-2952	1116	8	of	of	ADP
cblr-2952	1116	9	hedge	hedge	NOUN
cblr-2952	1116	10	funds	fund	NOUN
cblr-2952	1116	11	and	and	CCONJ
cblr-2952	1116	12	private	private	ADJ
cblr-2952	1116	13	equity	equity	NOUN
cblr-2952	1116	14	outlined	outline	VERB
cblr-2952	1116	15	supra	supra	NOUN
cblr-2952	1116	16	in	in	ADP
cblr-2952	1116	17	part	part	NOUN
cblr-2952	1116	18	i	i	PROPN
cblr-2952	1116	19	,	,	PUNCT
cblr-2952	1116	20	including	include	VERB
cblr-2952	1116	21	diversification	diversification	NOUN
cblr-2952	1116	22	opportunities	opportunity	NOUN
cblr-2952	1116	23	and	and	CCONJ
cblr-2952	1116	24	the	the	DET
cblr-2952	1116	25	potential	potential	NOUN
cblr-2952	1116	26	for	for	ADP
cblr-2952	1116	27	extraordinary	extraordinary	ADJ
cblr-2952	1116	28	returns.252	returns.252	NOUN
cblr-2952	1116	29	an	an	DET
cblr-2952	1116	30	open	open	ADJ
cblr-2952	1116	31	market	market	NOUN
cblr-2952	1116	32	solution	solution	NOUN
cblr-2952	1116	33	would	would	AUX
cblr-2952	1116	34	thus	thus	ADV
cblr-2952	1116	35	end	end	VERB
cblr-2952	1116	36	many	many	ADJ
cblr-2952	1116	37	of	of	ADP
cblr-2952	1116	38	250	250	NUM
cblr-2952	1116	39	this	this	PRON
cblr-2952	1116	40	is	be	AUX
cblr-2952	1116	41	a	a	DET
cblr-2952	1116	42	need	need	NOUN
cblr-2952	1116	43	even	even	ADV
cblr-2952	1116	44	the	the	DET
cblr-2952	1116	45	sec	sec	PROPN
cblr-2952	1116	46	has	have	AUX
cblr-2952	1116	47	at	at	ADP
cblr-2952	1116	48	times	time	NOUN
cblr-2952	1116	49	recognized	recognize	VERB
cblr-2952	1116	50	,	,	PUNCT
cblr-2952	1116	51	though	though	SCONJ
cblr-2952	1116	52	without	without	ADP
cblr-2952	1116	53	any	any	DET
cblr-2952	1116	54	formal	formal	ADJ
cblr-2952	1116	55	follow	follow	NOUN
cblr-2952	1116	56	-	-	PUNCT
cblr-2952	1116	57	up	up	NOUN
cblr-2952	1116	58	through	through	ADP
cblr-2952	1116	59	study	study	NOUN
cblr-2952	1116	60	or	or	CCONJ
cblr-2952	1116	61	rule	rule	NOUN
cblr-2952	1116	62	-	-	PUNCT
cblr-2952	1116	63	making	making	NOUN
cblr-2952	1116	64	.	.	PUNCT
cblr-2952	1117	1	see	see	VERB
cblr-2952	1117	2	hearing	hear	VERB
cblr-2952	1117	3	before	before	ADP
cblr-2952	1117	4	the	the	DET
cblr-2952	1117	5	subcomm	subcomm	NOUN
cblr-2952	1117	6	.	.	PUNCT
cblr-2952	1118	1	on	on	ADP
cblr-2952	1118	2	capital	capital	NOUN
cblr-2952	1118	3	markets	market	NOUN
cblr-2952	1118	4	,	,	PUNCT
cblr-2952	1118	5	insurance	insurance	NOUN
cblr-2952	1118	6	,	,	PUNCT
cblr-2952	1118	7	and	and	CCONJ
cblr-2952	1118	8	government	government	NOUN
cblr-2952	1118	9	sponsored	sponsor	VERB
cblr-2952	1118	10	enterprises	enterprise	NOUN
cblr-2952	1118	11	of	of	ADP
cblr-2952	1118	12	the	the	DET
cblr-2952	1118	13	h.	h.	PROPN
cblr-2952	1118	14	comm	comm	NOUN
cblr-2952	1118	15	.	.	PUNCT
cblr-2952	1119	1	on	on	ADP
cblr-2952	1119	2	financial	financial	ADJ
cblr-2952	1119	3	services	service	NOUN
cblr-2952	1119	4	,	,	PUNCT
cblr-2952	1119	5	108th	108th	ADJ
cblr-2952	1119	6	cong	cong	NOUN
cblr-2952	1119	7	.	.	PUNCT
cblr-2952	1120	1	16	16	NUM
cblr-2952	1120	2	(	(	PUNCT
cblr-2952	1120	3	2003	2003	NUM
cblr-2952	1120	4	)	)	PUNCT
cblr-2952	1120	5	(	(	PUNCT
cblr-2952	1120	6	statement	statement	NOUN
cblr-2952	1120	7	of	of	ADP
cblr-2952	1120	8	william	william	PROPN
cblr-2952	1120	9	h.	h.	PROPN
cblr-2952	1120	10	donaldson	donaldson	PROPN
cblr-2952	1120	11	,	,	PUNCT
cblr-2952	1120	12	chairman	chairman	NOUN
cblr-2952	1120	13	,	,	PUNCT
cblr-2952	1120	14	securities	security	NOUN
cblr-2952	1120	15	and	and	CCONJ
cblr-2952	1120	16	exchange	exchange	PROPN
cblr-2952	1120	17	commission	commission	PROPN
cblr-2952	1120	18	)	)	PUNCT
cblr-2952	1120	19	(	(	PUNCT
cblr-2952	1120	20	"	"	PUNCT
cblr-2952	1120	21	i	i	PRON
cblr-2952	1120	22	think	think	VERB
cblr-2952	1120	23	there	there	PRON
cblr-2952	1120	24	is	be	VERB
cblr-2952	1120	25	a	a	DET
cblr-2952	1120	26	definite	definite	ADJ
cblr-2952	1120	27	need	need	NOUN
cblr-2952	1120	28	to	to	PART
cblr-2952	1120	29	examine	examine	VERB
cblr-2952	1120	30	how	how	SCONJ
cblr-2952	1120	31	hedge	hedge	ADJ
cblr-2952	1120	32	funds	fund	NOUN
cblr-2952	1120	33	,	,	PUNCT
cblr-2952	1120	34	properly	properly	ADV
cblr-2952	1120	35	run	run	VERB
cblr-2952	1120	36	and	and	CCONJ
cblr-2952	1120	37	properly	properly	ADV
cblr-2952	1120	38	disclosed	disclose	VERB
cblr-2952	1120	39	,	,	PUNCT
cblr-2952	1120	40	can	can	AUX
cblr-2952	1120	41	be	be	AUX
cblr-2952	1120	42	allowed	allow	VERB
cblr-2952	1120	43	to	to	PART
cblr-2952	1120	44	be	be	AUX
cblr-2952	1120	45	purchased	purchase	VERB
cblr-2952	1120	46	by	by	ADP
cblr-2952	1120	47	retail	retail	ADJ
cblr-2952	1120	48	investors	investor	NOUN
cblr-2952	1120	49	.	.	PUNCT
cblr-2952	1121	1	"	"	PUNCT
cblr-2952	1121	2	)	)	PUNCT
cblr-2952	1121	3	.	.	PUNCT
cblr-2952	1122	1	251	251	NUM
cblr-2952	1122	2	the	the	DET
cblr-2952	1122	3	academic	academic	ADJ
cblr-2952	1122	4	legal	legal	ADJ
cblr-2952	1122	5	literature	literature	NOUN
cblr-2952	1122	6	on	on	ADP
cblr-2952	1122	7	the	the	DET
cblr-2952	1122	8	role	role	NOUN
cblr-2952	1122	9	of	of	ADP
cblr-2952	1122	10	cost	cost	NOUN
cblr-2952	1122	11	-	-	PUNCT
cblr-2952	1122	12	benefit	benefit	NOUN
cblr-2952	1122	13	analysis	analysis	NOUN
cblr-2952	1122	14	in	in	ADP
cblr-2952	1122	15	regulation	regulation	NOUN
cblr-2952	1122	16	is	be	AUX
cblr-2952	1122	17	immense	immense	ADJ
cblr-2952	1122	18	.	.	PUNCT
cblr-2952	1123	1	for	for	ADP
cblr-2952	1123	2	a	a	DET
cblr-2952	1123	3	review	review	NOUN
cblr-2952	1123	4	of	of	ADP
cblr-2952	1123	5	its	its	PRON
cblr-2952	1123	6	role	role	NOUN
cblr-2952	1123	7	in	in	ADP
cblr-2952	1123	8	the	the	DET
cblr-2952	1123	9	context	context	NOUN
cblr-2952	1123	10	of	of	ADP
cblr-2952	1123	11	sec	sec	PROPN
cblr-2952	1123	12	regulation	regulation	NOUN
cblr-2952	1123	13	see	see	VERB
cblr-2952	1123	14	sherwin	sherwin	PROPN
cblr-2952	1123	15	,	,	PUNCT
cblr-2952	1123	16	supra	supra	PROPN
cblr-2952	1123	17	note	note	PROPN
cblr-2952	1123	18	23	23	NUM
cblr-2952	1123	19	,	,	PUNCT
cblr-2952	1123	20	at	at	ADP
cblr-2952	1123	21	17	17	NUM
cblr-2952	1123	22	-	-	SYM
cblr-2952	1123	23	52	52	NUM
cblr-2952	1123	24	.	.	PUNCT
cblr-2952	1124	1	cost	cost	NOUN
cblr-2952	1124	2	-	-	PUNCT
cblr-2952	1124	3	benefit	benefit	NOUN
cblr-2952	1124	4	analysis	analysis	NOUN
cblr-2952	1124	5	certainly	certainly	ADV
cblr-2952	1124	6	has	have	VERB
cblr-2952	1124	7	its	its	PRON
cblr-2952	1124	8	detractors	detractor	NOUN
cblr-2952	1124	9	and	and	CCONJ
cblr-2952	1124	10	limitations	limitation	NOUN
cblr-2952	1124	11	,	,	PUNCT
cblr-2952	1124	12	though	though	ADV
cblr-2952	1124	13	.	.	PUNCT
cblr-2952	1125	1	see	see	VERB
cblr-2952	1125	2	generally	generally	ADV
cblr-2952	1125	3	robert	robert	PROPN
cblr-2952	1125	4	h.	h.	PROPN
cblr-2952	1125	5	frank	frank	PROPN
cblr-2952	1125	6	,	,	PUNCT
cblr-2952	1125	7	why	why	SCONJ
cblr-2952	1125	8	is	be	AUX
cblr-2952	1125	9	cost	cost	NOUN
cblr-2952	1125	10	-	-	PUNCT
cblr-2952	1125	11	benefit	benefit	NOUN
cblr-2952	1125	12	analysis	analysis	NOUN
cblr-2952	1125	13	so	so	ADV
cblr-2952	1125	14	controversial	controversial	ADJ
cblr-2952	1125	15	?	?	PUNCT
cblr-2952	1125	16	,	,	PUNCT
cblr-2952	1125	17	29	29	NUM
cblr-2952	1125	18	j.	j.	PROPN
cblr-2952	1125	19	legal	legal	ADJ
cblr-2952	1125	20	stud	stud	NOUN
cblr-2952	1125	21	.	.	PUNCT
cblr-2952	1126	1	913	913	NUM
cblr-2952	1126	2	(	(	PUNCT
cblr-2952	1126	3	2000	2000	NUM
cblr-2952	1126	4	)	)	PUNCT
cblr-2952	1126	5	(	(	PUNCT
cblr-2952	1126	6	critiquing	critique	VERB
cblr-2952	1126	7	arguments	argument	NOUN
cblr-2952	1126	8	against	against	ADP
cblr-2952	1126	9	the	the	DET
cblr-2952	1126	10	use	use	NOUN
cblr-2952	1126	11	of	of	ADP
cblr-2952	1126	12	cost	cost	NOUN
cblr-2952	1126	13	-	-	PUNCT
cblr-2952	1126	14	benefit	benefit	NOUN
cblr-2952	1126	15	analysis	analysis	NOUN
cblr-2952	1126	16	)	)	PUNCT
cblr-2952	1126	17	.	.	PUNCT
cblr-2952	1127	1	252	252	NUM
cblr-2952	1127	2	this	this	PRON
cblr-2952	1127	3	would	would	AUX
cblr-2952	1127	4	comport	comport	VERB
cblr-2952	1127	5	with	with	ADP
cblr-2952	1127	6	principles	principle	NOUN
cblr-2952	1127	7	of	of	ADP
cblr-2952	1127	8	shareholder	shareholder	NOUN
cblr-2952	1127	9	equality	equality	NOUN
cblr-2952	1127	10	sometimes	sometimes	ADV
cblr-2952	1127	11	cited	cite	VERB
cblr-2952	1127	12	by	by	ADP
cblr-2952	1127	13	the	the	DET
cblr-2952	1127	14	sec	sec	PROPN
cblr-2952	1127	15	as	as	ADP
cblr-2952	1127	16	a	a	DET
cblr-2952	1127	17	foundational	foundational	ADJ
cblr-2952	1127	18	principle	principle	NOUN
cblr-2952	1127	19	for	for	ADP
cblr-2952	1127	20	its	its	PRON
cblr-2952	1127	21	regulation	regulation	NOUN
cblr-2952	1127	22	.	.	PUNCT
cblr-2952	1128	1	see	see	VERB
cblr-2952	1128	2	donald	donald	PROPN
cblr-2952	1128	3	c.	c.	PROPN
cblr-2952	1128	4	langevoort	langevoort	PROPN
cblr-2952	1128	5	,	,	PUNCT
cblr-2952	1128	6	the	the	DET
cblr-2952	1128	7	sec	sec	PROPN
cblr-2952	1128	8	as	as	ADP
cblr-2952	1128	9	a	a	DET
cblr-2952	1128	10	bureaucracy	bureaucracy	NOUN
cblr-2952	1128	11	:	:	PUNCT
cblr-2952	1128	12	public	public	ADJ
cblr-2952	1128	13	choice	choice	NOUN
cblr-2952	1128	14	,	,	PUNCT
cblr-2952	1128	15	instituno	instituno	ADJ
cblr-2952	1128	16	.	.	PUNCT
cblr-2952	1129	1	1	1	NUM
cblr-2952	1129	2	:	:	SYM
cblr-2952	1129	3	172	172	NUM
cblr-2952	1129	4	]	]	X
cblr-2952	1129	5	columbia	columbia	PROPN
cblr-2952	1129	6	business	business	PROPN
cblr-2952	1129	7	la	la	PROPN
cblr-2952	1129	8	w	w	PROPN
cblr-2952	1129	9	review	review	PROPN
cblr-2952	1129	10	the	the	DET
cblr-2952	1129	11	distortive	distortive	ADJ
cblr-2952	1129	12	investment	investment	NOUN
cblr-2952	1129	13	practices	practice	NOUN
cblr-2952	1129	14	engendered	engender	VERB
cblr-2952	1129	15	by	by	ADP
cblr-2952	1129	16	black	black	ADJ
cblr-2952	1129	17	market	market	NOUN
cblr-2952	1129	18	capital	capital	NOUN
cblr-2952	1129	19	.	.	PUNCT
cblr-2952	1130	1	u.s	u.s	PROPN
cblr-2952	1130	2	.	.	PROPN
cblr-2952	1130	3	capital	capital	PROPN
cblr-2952	1130	4	flows	flow	NOUN
cblr-2952	1130	5	would	would	AUX
cblr-2952	1130	6	be	be	AUX
cblr-2952	1130	7	redirected	redirect	VERB
cblr-2952	1130	8	from	from	ADP
cblr-2952	1130	9	black	black	ADJ
cblr-2952	1130	10	market	market	NOUN
cblr-2952	1130	11	capital	capital	NOUN
cblr-2952	1130	12	investments	investment	NOUN
cblr-2952	1130	13	to	to	ADP
cblr-2952	1130	14	primary	primary	ADJ
cblr-2952	1130	15	hedge	hedge	NOUN
cblr-2952	1130	16	fund	fund	NOUN
cblr-2952	1130	17	and	and	CCONJ
cblr-2952	1130	18	private	private	ADJ
cblr-2952	1130	19	equity	equity	NOUN
cblr-2952	1130	20	investments	investment	NOUN
cblr-2952	1130	21	.	.	PUNCT
cblr-2952	1131	1	these	these	DET
cblr-2952	1131	2	black	black	ADJ
cblr-2952	1131	3	market	market	NOUN
cblr-2952	1131	4	capital	capital	NOUN
cblr-2952	1131	5	investments	investment	NOUN
cblr-2952	1131	6	would	would	AUX
cblr-2952	1131	7	still	still	ADV
cblr-2952	1131	8	continue	continue	VERB
cblr-2952	1131	9	to	to	PART
cblr-2952	1131	10	exist	exist	VERB
cblr-2952	1131	11	at	at	ADP
cblr-2952	1131	12	a	a	DET
cblr-2952	1131	13	diminished	diminished	ADJ
cblr-2952	1131	14	level	level	NOUN
cblr-2952	1131	15	,	,	PUNCT
cblr-2952	1131	16	but	but	CCONJ
cblr-2952	1131	17	demand	demand	NOUN
cblr-2952	1131	18	for	for	ADP
cblr-2952	1131	19	them	they	PRON
cblr-2952	1131	20	would	would	AUX
cblr-2952	1131	21	be	be	AUX
cblr-2952	1131	22	lower	low	ADJ
cblr-2952	1131	23	and	and	CCONJ
cblr-2952	1131	24	more	more	ADV
cblr-2952	1131	25	particularized	particularized	ADJ
cblr-2952	1131	26	to	to	ADP
cblr-2952	1131	27	those	those	DET
cblr-2952	1131	28	investors	investor	NOUN
cblr-2952	1131	29	who	who	PRON
cblr-2952	1131	30	specifically	specifically	ADV
cblr-2952	1131	31	desire	desire	VERB
cblr-2952	1131	32	the	the	DET
cblr-2952	1131	33	investing	investing	NOUN
cblr-2952	1131	34	characteristics	characteristic	NOUN
cblr-2952	1131	35	of	of	ADP
cblr-2952	1131	36	these	these	DET
cblr-2952	1131	37	securities.253	securities.253	VERB
cblr-2952	1131	38	instead	instead	ADV
cblr-2952	1131	39	,	,	PUNCT
cblr-2952	1131	40	this	this	DET
cblr-2952	1131	41	capital	capital	NOUN
cblr-2952	1131	42	would	would	AUX
cblr-2952	1131	43	be	be	AUX
cblr-2952	1131	44	redirected	redirect	VERB
cblr-2952	1131	45	to	to	PART
cblr-2952	1131	46	hedge	hedge	VERB
cblr-2952	1131	47	funds	fund	NOUN
cblr-2952	1131	48	and	and	CCONJ
cblr-2952	1131	49	private	private	ADJ
cblr-2952	1131	50	equity	equity	NOUN
cblr-2952	1131	51	,	,	PUNCT
cblr-2952	1131	52	economically	economically	ADV
cblr-2952	1131	53	incentivizing	incentivize	VERB
cblr-2952	1131	54	fund	fund	NOUN
cblr-2952	1131	55	advisers	adviser	NOUN
cblr-2952	1131	56	to	to	PART
cblr-2952	1131	57	meet	meet	VERB
cblr-2952	1131	58	this	this	DET
cblr-2952	1131	59	demand	demand	NOUN
cblr-2952	1131	60	and	and	CCONJ
cblr-2952	1131	61	publicly	publicly	ADV
cblr-2952	1131	62	offer	offer	VERB
cblr-2952	1131	63	these	these	DET
cblr-2952	1131	64	investments	investment	NOUN
cblr-2952	1131	65	.	.	PUNCT
cblr-2952	1132	1	market	market	NOUN
cblr-2952	1132	2	equilibrium	equilibrium	NOUN
cblr-2952	1132	3	would	would	AUX
cblr-2952	1132	4	be	be	AUX
cblr-2952	1132	5	restored	restore	VERB
cblr-2952	1132	6	.	.	PUNCT
cblr-2952	1133	1	an	an	DET
cblr-2952	1133	2	open	open	ADJ
cblr-2952	1133	3	market	market	NOUN
cblr-2952	1133	4	solution	solution	NOUN
cblr-2952	1133	5	and	and	CCONJ
cblr-2952	1133	6	the	the	DET
cblr-2952	1133	7	consequent	consequent	ADJ
cblr-2952	1133	8	elimination	elimination	NOUN
cblr-2952	1133	9	of	of	ADP
cblr-2952	1133	10	the	the	DET
cblr-2952	1133	11	primary	primary	ADJ
cblr-2952	1133	12	impetus	impetus	NOUN
cblr-2952	1133	13	for	for	ADP
cblr-2952	1133	14	black	black	ADJ
cblr-2952	1133	15	market	market	NOUN
cblr-2952	1133	16	capital	capital	NOUN
cblr-2952	1133	17	would	would	AUX
cblr-2952	1133	18	likely	likely	ADV
cblr-2952	1133	19	offer	offer	VERB
cblr-2952	1133	20	other	other	ADJ
cblr-2952	1133	21	significant	significant	ADJ
cblr-2952	1133	22	benefits	benefit	NOUN
cblr-2952	1133	23	.	.	PUNCT
cblr-2952	1134	1	first	first	ADV
cblr-2952	1134	2	,	,	PUNCT
cblr-2952	1134	3	an	an	DET
cblr-2952	1134	4	open	open	ADJ
cblr-2952	1134	5	market	market	NOUN
cblr-2952	1134	6	solution	solution	NOUN
cblr-2952	1134	7	would	would	AUX
cblr-2952	1134	8	enhance	enhance	VERB
cblr-2952	1134	9	the	the	DET
cblr-2952	1134	10	u.s	u.s	PROPN
cblr-2952	1134	11	.	.	PROPN
cblr-2952	1134	12	competitive	competitive	ADJ
cblr-2952	1134	13	position	position	NOUN
cblr-2952	1134	14	in	in	ADP
cblr-2952	1134	15	the	the	DET
cblr-2952	1134	16	global	global	ADJ
cblr-2952	1134	17	listings	listing	NOUN
cblr-2952	1134	18	and	and	CCONJ
cblr-2952	1134	19	offerings	offering	NOUN
cblr-2952	1134	20	markets	market	NOUN
cblr-2952	1134	21	.	.	PUNCT
cblr-2952	1135	1	u.s	u.s	PROPN
cblr-2952	1135	2	.	.	PROPN
cblr-2952	1135	3	stock	stock	NOUN
cblr-2952	1135	4	markets	market	NOUN
cblr-2952	1135	5	could	could	AUX
cblr-2952	1135	6	solicit	solicit	VERB
cblr-2952	1135	7	these	these	DET
cblr-2952	1135	8	funds	fund	NOUN
cblr-2952	1135	9	to	to	PART
cblr-2952	1135	10	offer	offer	VERB
cblr-2952	1135	11	securities	security	NOUN
cblr-2952	1135	12	and	and	CCONJ
cblr-2952	1135	13	list	list	NOUN
cblr-2952	1135	14	in	in	ADP
cblr-2952	1135	15	the	the	DET
cblr-2952	1135	16	united	united	PROPN
cblr-2952	1135	17	states	states	PROPN
cblr-2952	1135	18	.	.	PUNCT
cblr-2952	1136	1	this	this	PRON
cblr-2952	1136	2	would	would	AUX
cblr-2952	1136	3	attract	attract	VERB
cblr-2952	1136	4	both	both	CCONJ
cblr-2952	1136	5	domestic	domestic	ADJ
cblr-2952	1136	6	and	and	CCONJ
cblr-2952	1136	7	foreign	foreign	ADJ
cblr-2952	1136	8	fund	fund	NOUN
cblr-2952	1136	9	offerings	offering	NOUN
cblr-2952	1136	10	and	and	CCONJ
cblr-2952	1136	11	provide	provide	VERB
cblr-2952	1136	12	economic	economic	ADJ
cblr-2952	1136	13	benefit	benefit	NOUN
cblr-2952	1136	14	not	not	PART
cblr-2952	1136	15	only	only	ADV
cblr-2952	1136	16	to	to	ADP
cblr-2952	1136	17	the	the	DET
cblr-2952	1136	18	u.s	u.s	PROPN
cblr-2952	1136	19	.	.	PROPN
cblr-2952	1136	20	stock	stock	NOUN
cblr-2952	1136	21	markets	market	NOUN
cblr-2952	1136	22	but	but	CCONJ
cblr-2952	1136	23	to	to	ADP
cblr-2952	1136	24	the	the	DET
cblr-2952	1136	25	actors	actor	NOUN
cblr-2952	1136	26	necessary	necessary	ADJ
cblr-2952	1136	27	to	to	PART
cblr-2952	1136	28	offer	offer	VERB
cblr-2952	1136	29	and	and	CCONJ
cblr-2952	1136	30	maintain	maintain	VERB
cblr-2952	1136	31	these	these	DET
cblr-2952	1136	32	investments	investment	NOUN
cblr-2952	1136	33	publicly	publicly	ADV
cblr-2952	1136	34	in	in	ADP
cblr-2952	1136	35	the	the	DET
cblr-2952	1136	36	united	united	PROPN
cblr-2952	1136	37	states	states	PROPN
cblr-2952	1136	38	,	,	PUNCT
cblr-2952	1136	39	including	include	VERB
cblr-2952	1136	40	the	the	DET
cblr-2952	1136	41	investment	investment	NOUN
cblr-2952	1136	42	bankers	banker	NOUN
cblr-2952	1136	43	,	,	PUNCT
cblr-2952	1136	44	accountants	accountant	NOUN
cblr-2952	1136	45	,	,	PUNCT
cblr-2952	1136	46	and	and	CCONJ
cblr-2952	1136	47	attorneys	attorney	NOUN
cblr-2952	1136	48	.	.	PUNCT
cblr-2952	1137	1	the	the	DET
cblr-2952	1137	2	establishment	establishment	NOUN
cblr-2952	1137	3	and	and	CCONJ
cblr-2952	1137	4	preservation	preservation	NOUN
cblr-2952	1137	5	of	of	ADP
cblr-2952	1137	6	this	this	DET
cblr-2952	1137	7	"	"	PUNCT
cblr-2952	1137	8	critical	critical	ADJ
cblr-2952	1137	9	mass	mass	NOUN
cblr-2952	1137	10	"	"	PUNCT
cblr-2952	1137	11	of	of	ADP
cblr-2952	1137	12	human	human	ADJ
cblr-2952	1137	13	capital	capital	NOUN
cblr-2952	1137	14	would	would	AUX
cblr-2952	1137	15	also	also	ADV
cblr-2952	1137	16	maintain	maintain	VERB
cblr-2952	1137	17	an	an	DET
cblr-2952	1137	18	important	important	ADJ
cblr-2952	1137	19	u.s	u.s	PROPN
cblr-2952	1137	20	.	.	PROPN
cblr-2952	1137	21	skill	skill	NOUN
cblr-2952	1137	22	-	-	PUNCT
cblr-2952	1137	23	set	set	VERB
cblr-2952	1137	24	and	and	CCONJ
cblr-2952	1137	25	presence	presence	NOUN
cblr-2952	1137	26	in	in	ADP
cblr-2952	1137	27	the	the	DET
cblr-2952	1137	28	global	global	ADJ
cblr-2952	1137	29	capital	capital	NOUN
cblr-2952	1137	30	markets	market	NOUN
cblr-2952	1137	31	permitting	permit	VERB
cblr-2952	1137	32	the	the	DET
cblr-2952	1137	33	united	united	PROPN
cblr-2952	1137	34	states	states	PROPN
cblr-2952	1137	35	to	to	PART
cblr-2952	1137	36	better	well	ADV
cblr-2952	1137	37	compete	compete	VERB
cblr-2952	1137	38	in	in	ADP
cblr-2952	1137	39	the	the	DET
cblr-2952	1137	40	future	future	NOUN
cblr-2952	1137	41	.	.	PUNCT
cblr-2952	1138	1	the	the	DET
cblr-2952	1138	2	public	public	ADJ
cblr-2952	1138	3	offering	offering	NOUN
cblr-2952	1138	4	and	and	CCONJ
cblr-2952	1138	5	listing	listing	NOUN
cblr-2952	1138	6	of	of	ADP
cblr-2952	1138	7	hedge	hedge	NOUN
cblr-2952	1138	8	funds	fund	NOUN
cblr-2952	1138	9	and	and	CCONJ
cblr-2952	1138	10	private	private	ADJ
cblr-2952	1138	11	equity	equity	NOUN
cblr-2952	1138	12	in	in	ADP
cblr-2952	1138	13	the	the	DET
cblr-2952	1138	14	united	united	PROPN
cblr-2952	1138	15	states	states	PROPN
cblr-2952	1138	16	would	would	AUX
cblr-2952	1138	17	also	also	ADV
cblr-2952	1138	18	introduce	introduce	VERB
cblr-2952	1138	19	greater	great	ADJ
cblr-2952	1138	20	transparency	transparency	NOUN
cblr-2952	1138	21	to	to	ADP
cblr-2952	1138	22	this	this	DET
cblr-2952	1138	23	sometimes	sometimes	ADV
cblr-2952	1138	24	secretive	secretive	ADJ
cblr-2952	1138	25	and	and	CCONJ
cblr-2952	1138	26	opaque	opaque	ADJ
cblr-2952	1138	27	investment	investment	NOUN
cblr-2952	1138	28	community	community	NOUN
cblr-2952	1138	29	.	.	PUNCT
cblr-2952	1139	1	instead	instead	ADV
cblr-2952	1139	2	of	of	ADP
cblr-2952	1139	3	existing	exist	VERB
cblr-2952	1139	4	privately	privately	ADV
cblr-2952	1139	5	and	and	CCONJ
cblr-2952	1139	6	unmonitored	unmonitored	ADJ
cblr-2952	1139	7	in	in	ADP
cblr-2952	1139	8	the	the	DET
cblr-2952	1139	9	shadow	shadow	NOUN
cblr-2952	1139	10	of	of	ADP
cblr-2952	1139	11	u.s	u.s	PROPN
cblr-2952	1139	12	.	.	PROPN
cblr-2952	1139	13	securities	security	NOUN
cblr-2952	1139	14	markets	market	NOUN
cblr-2952	1139	15	and	and	CCONJ
cblr-2952	1139	16	tional	tional	ADJ
cblr-2952	1139	17	rhetoric	rhetoric	NOUN
cblr-2952	1139	18	,	,	PUNCT
cblr-2952	1139	19	and	and	CCONJ
cblr-2952	1139	20	the	the	DET
cblr-2952	1139	21	process	process	NOUN
cblr-2952	1139	22	of	of	ADP
cblr-2952	1139	23	policy	policy	NOUN
cblr-2952	1139	24	formulation	formulation	NOUN
cblr-2952	1139	25	,	,	PUNCT
cblr-2952	1139	26	47	47	NUM
cblr-2952	1139	27	wash	wash	NOUN
cblr-2952	1139	28	.	.	PUNCT
cblr-2952	1140	1	&	&	CCONJ
cblr-2952	1140	2	lee	lee	PROPN
cblr-2952	1140	3	l.	l.	PROPN
cblr-2952	1140	4	rev	rev	PROPN
cblr-2952	1140	5	.	.	PROPN
cblr-2952	1141	1	527	527	NUM
cblr-2952	1141	2	,	,	PUNCT
cblr-2952	1141	3	535	535	NUM
cblr-2952	1141	4	(	(	PUNCT
cblr-2952	1141	5	1990	1990	NUM
cblr-2952	1141	6	)	)	PUNCT
cblr-2952	1142	1	(	(	PUNCT
cblr-2952	1142	2	noting	note	VERB
cblr-2952	1142	3	that	that	SCONJ
cblr-2952	1142	4	the	the	DET
cblr-2952	1142	5	sec	sec	PROPN
cblr-2952	1142	6	has	have	AUX
cblr-2952	1142	7	often	often	ADV
cblr-2952	1142	8	favored	favor	VERB
cblr-2952	1142	9	the	the	DET
cblr-2952	1142	10	average	average	ADJ
cblr-2952	1142	11	stockholder	stockholder	NOUN
cblr-2952	1142	12	in	in	ADP
cblr-2952	1142	13	its	its	PRON
cblr-2952	1142	14	regulation	regulation	NOUN
cblr-2952	1142	15	,	,	PUNCT
cblr-2952	1142	16	introducing	introduce	VERB
cblr-2952	1142	17	a	a	DET
cblr-2952	1142	18	"	"	PUNCT
cblr-2952	1142	19	primary	primary	ADJ
cblr-2952	1142	20	objective	objective	NOUN
cblr-2952	1142	21	of	of	ADP
cblr-2952	1142	22	egalitarianism	egalitarianism	NOUN
cblr-2952	1142	23	"	"	PUNCT
cblr-2952	1142	24	)	)	PUNCT
cblr-2952	1142	25	.	.	PUNCT
cblr-2952	1143	1	"	"	PUNCT
cblr-2952	1143	2	this	this	PRON
cblr-2952	1143	3	would	would	AUX
cblr-2952	1143	4	likely	likely	ADV
cblr-2952	1143	5	be	be	AUX
cblr-2952	1143	6	a	a	DET
cblr-2952	1143	7	much	much	ADV
cblr-2952	1143	8	smaller	small	ADJ
cblr-2952	1143	9	pool	pool	NOUN
cblr-2952	1143	10	of	of	ADP
cblr-2952	1143	11	more	more	ADV
cblr-2952	1143	12	sophisticated	sophisticated	ADJ
cblr-2952	1143	13	investors	investor	NOUN
cblr-2952	1143	14	who	who	PRON
cblr-2952	1143	15	appreciate	appreciate	VERB
cblr-2952	1143	16	the	the	DET
cblr-2952	1143	17	risks	risk	NOUN
cblr-2952	1143	18	and	and	CCONJ
cblr-2952	1143	19	opportunities	opportunity	NOUN
cblr-2952	1143	20	associated	associate	VERB
cblr-2952	1143	21	with	with	ADP
cblr-2952	1143	22	these	these	DET
cblr-2952	1143	23	specialized	specialized	ADJ
cblr-2952	1143	24	investments	investment	NOUN
cblr-2952	1143	25	.	.	PUNCT
cblr-2952	1144	1	(	(	PUNCT
cblr-2952	1144	2	vol	vol	NOUN
cblr-2952	1144	3	.	.	NOUN
cblr-2952	1144	4	2008	2008	NUM
cblr-2952	1144	5	regulation	regulation	NOUN
cblr-2952	1144	6	,	,	PUNCT
cblr-2952	1144	7	market	market	NOUN
cblr-2952	1144	8	forces	force	NOUN
cblr-2952	1144	9	would	would	AUX
cblr-2952	1144	10	drive	drive	VERB
cblr-2952	1144	11	hedge	hedge	NOUN
cblr-2952	1144	12	funds	fund	NOUN
cblr-2952	1144	13	and	and	CCONJ
cblr-2952	1144	14	private	private	ADJ
cblr-2952	1144	15	equity	equity	NOUN
cblr-2952	1144	16	funds	fund	NOUN
cblr-2952	1144	17	to	to	PART
cblr-2952	1144	18	publicly	publicly	ADV
cblr-2952	1144	19	offer	offer	VERB
cblr-2952	1144	20	securities	security	NOUN
cblr-2952	1144	21	.	.	PUNCT
cblr-2952	1145	1	hedge	hedge	NOUN
cblr-2952	1145	2	funds	fund	NOUN
cblr-2952	1145	3	and	and	CCONJ
cblr-2952	1145	4	private	private	ADJ
cblr-2952	1145	5	equity	equity	NOUN
cblr-2952	1145	6	funds	fund	NOUN
cblr-2952	1145	7	that	that	PRON
cblr-2952	1145	8	did	do	VERB
cblr-2952	1145	9	so	so	ADV
cblr-2952	1145	10	would	would	AUX
cblr-2952	1145	11	be	be	AUX
cblr-2952	1145	12	required	require	VERB
cblr-2952	1145	13	to	to	PART
cblr-2952	1145	14	disclose	disclose	VERB
cblr-2952	1145	15	increased	increase	VERB
cblr-2952	1145	16	information	information	NOUN
cblr-2952	1145	17	concerning	concern	VERB
cblr-2952	1145	18	themselves	themselves	PRON
cblr-2952	1145	19	to	to	ADP
cblr-2952	1145	20	u.s	u.s	PROPN
cblr-2952	1145	21	.	.	PROPN
cblr-2952	1145	22	regulators	regulator	NOUN
cblr-2952	1145	23	and	and	CCONJ
cblr-2952	1145	24	the	the	DET
cblr-2952	1145	25	public	public	ADJ
cblr-2952	1145	26	generally.2	generally.2	NOUN
cblr-2952	1145	27	'	'	PUNCT
cblr-2952	1145	28	this	this	PRON
cblr-2952	1145	29	would	would	AUX
cblr-2952	1145	30	permit	permit	VERB
cblr-2952	1145	31	greater	great	ADJ
cblr-2952	1145	32	scrutiny	scrutiny	NOUN
cblr-2952	1145	33	of	of	ADP
cblr-2952	1145	34	the	the	DET
cblr-2952	1145	35	actual	actual	ADJ
cblr-2952	1145	36	performance	performance	NOUN
cblr-2952	1145	37	and	and	CCONJ
cblr-2952	1145	38	characteristics	characteristic	NOUN
cblr-2952	1145	39	of	of	ADP
cblr-2952	1145	40	these	these	DET
cblr-2952	1145	41	funds	fund	NOUN
cblr-2952	1145	42	by	by	ADP
cblr-2952	1145	43	both	both	DET
cblr-2952	1145	44	investors	investor	NOUN
cblr-2952	1145	45	as	as	ADV
cblr-2952	1145	46	well	well	ADV
cblr-2952	1145	47	as	as	ADP
cblr-2952	1145	48	any	any	DET
cblr-2952	1145	49	investment	investment	NOUN
cblr-2952	1145	50	analyst	analyst	NOUN
cblr-2952	1145	51	community	community	NOUN
cblr-2952	1145	52	arising	arise	VERB
cblr-2952	1145	53	to	to	PART
cblr-2952	1145	54	monitor	monitor	VERB
cblr-2952	1145	55	these	these	DET
cblr-2952	1145	56	investments	investment	NOUN
cblr-2952	1145	57	.	.	PUNCT
cblr-2952	1146	1	it	it	PRON
cblr-2952	1146	2	would	would	AUX
cblr-2952	1146	3	also	also	ADV
cblr-2952	1146	4	provide	provide	VERB
cblr-2952	1146	5	all	all	DET
cblr-2952	1146	6	investors	investor	NOUN
cblr-2952	1146	7	with	with	ADP
cblr-2952	1146	8	more	more	ADV
cblr-2952	1146	9	fulsome	fulsome	ADJ
cblr-2952	1146	10	information	information	NOUN
cblr-2952	1146	11	for	for	ADP
cblr-2952	1146	12	comparison	comparison	NOUN
cblr-2952	1146	13	of	of	ADP
cblr-2952	1146	14	returns	return	NOUN
cblr-2952	1146	15	among	among	ADP
cblr-2952	1146	16	these	these	DET
cblr-2952	1146	17	funds	fund	NOUN
cblr-2952	1146	18	.	.	PUNCT
cblr-2952	1147	1	both	both	PRON
cblr-2952	1147	2	retail	retail	ADJ
cblr-2952	1147	3	and	and	CCONJ
cblr-2952	1147	4	sophisticated	sophisticated	ADJ
cblr-2952	1147	5	investors	investor	NOUN
cblr-2952	1147	6	would	would	AUX
cblr-2952	1147	7	therefore	therefore	ADV
cblr-2952	1147	8	be	be	AUX
cblr-2952	1147	9	placed	place	VERB
cblr-2952	1147	10	in	in	ADP
cblr-2952	1147	11	a	a	DET
cblr-2952	1147	12	superior	superior	ADJ
cblr-2952	1147	13	position	position	NOUN
cblr-2952	1147	14	to	to	PART
cblr-2952	1147	15	assess	assess	VERB
cblr-2952	1147	16	these	these	DET
cblr-2952	1147	17	investments	investment	NOUN
cblr-2952	1147	18	.	.	PUNCT
cblr-2952	1148	1	regulators	regulator	NOUN
cblr-2952	1148	2	would	would	AUX
cblr-2952	1148	3	also	also	ADV
cblr-2952	1148	4	benefit	benefit	VERB
cblr-2952	1148	5	;	;	PUNCT
cblr-2952	1148	6	they	they	PRON
cblr-2952	1148	7	would	would	AUX
cblr-2952	1148	8	be	be	AUX
cblr-2952	1148	9	in	in	ADP
cblr-2952	1148	10	a	a	DET
cblr-2952	1148	11	better	well	ADJ
cblr-2952	1148	12	position	position	NOUN
cblr-2952	1148	13	to	to	PART
cblr-2952	1148	14	monitor	monitor	VERB
cblr-2952	1148	15	these	these	DET
cblr-2952	1148	16	funds	fund	NOUN
cblr-2952	1148	17	for	for	ADP
cblr-2952	1148	18	systemic	systemic	ADJ
cblr-2952	1148	19	risk	risk	NOUN
cblr-2952	1148	20	as	as	ADV
cblr-2952	1148	21	well	well	ADV
cblr-2952	1148	22	as	as	ADP
cblr-2952	1148	23	any	any	PRON
cblr-2952	1148	24	of	of	ADP
cblr-2952	1148	25	the	the	DET
cblr-2952	1148	26	fraudulent	fraudulent	ADJ
cblr-2952	1148	27	,	,	PUNCT
cblr-2952	1148	28	manipulative	manipulative	ADJ
cblr-2952	1148	29	,	,	PUNCT
cblr-2952	1148	30	and	and	CCONJ
cblr-2952	1148	31	deceptive	deceptive	ADJ
cblr-2952	1148	32	practices	practice	NOUN
cblr-2952	1148	33	that	that	PRON
cblr-2952	1148	34	the	the	DET
cblr-2952	1148	35	sec	sec	PROPN
cblr-2952	1148	36	has	have	AUX
cblr-2952	1148	37	cited	cite	VERB
cblr-2952	1148	38	as	as	ADP
cblr-2952	1148	39	justifying	justify	VERB
cblr-2952	1148	40	its	its	PRON
cblr-2952	1148	41	own	own	ADJ
cblr-2952	1148	42	attempts	attempt	NOUN
cblr-2952	1148	43	to	to	PART
cblr-2952	1148	44	regulate	regulate	VERB
cblr-2952	1148	45	hedge	hedge	NOUN
cblr-2952	1148	46	funds	fund	NOUN
cblr-2952	1148	47	.	.	PUNCT
cblr-2952	1149	1	if	if	SCONJ
cblr-2952	1149	2	hedge	hedge	NOUN
cblr-2952	1149	3	funds	fund	NOUN
cblr-2952	1149	4	and	and	CCONJ
cblr-2952	1149	5	private	private	ADJ
cblr-2952	1149	6	equity	equity	NOUN
cblr-2952	1149	7	were	be	AUX
cblr-2952	1149	8	permitted	permit	VERB
cblr-2952	1149	9	to	to	PART
cblr-2952	1149	10	freely	freely	ADV
cblr-2952	1149	11	access	access	VERB
cblr-2952	1149	12	the	the	DET
cblr-2952	1149	13	u.s	u.s	PROPN
cblr-2952	1149	14	.	.	PROPN
cblr-2952	1149	15	public	public	ADJ
cblr-2952	1149	16	markets	market	NOUN
cblr-2952	1149	17	,	,	PUNCT
cblr-2952	1149	18	they	they	PRON
cblr-2952	1149	19	could	could	AUX
cblr-2952	1149	20	raise	raise	VERB
cblr-2952	1149	21	additional	additional	ADJ
cblr-2952	1149	22	capital	capital	NOUN
cblr-2952	1149	23	and	and	CCONJ
cblr-2952	1149	24	enhance	enhance	VERB
cblr-2952	1149	25	their	their	PRON
cblr-2952	1149	26	growth	growth	NOUN
cblr-2952	1149	27	prospects	prospect	NOUN
cblr-2952	1149	28	.	.	PUNCT
cblr-2952	1150	1	this	this	PRON
cblr-2952	1150	2	would	would	AUX
cblr-2952	1150	3	likely	likely	ADV
cblr-2952	1150	4	strengthen	strengthen	VERB
cblr-2952	1150	5	the	the	DET
cblr-2952	1150	6	ability	ability	NOUN
cblr-2952	1150	7	of	of	ADP
cblr-2952	1150	8	these	these	DET
cblr-2952	1150	9	funds	fund	NOUN
cblr-2952	1150	10	to	to	PART
cblr-2952	1150	11	influence	influence	VERB
cblr-2952	1150	12	and	and	CCONJ
cblr-2952	1150	13	affect	affect	VERB
cblr-2952	1150	14	the	the	DET
cblr-2952	1150	15	u.s	u.s	PROPN
cblr-2952	1150	16	.	.	PROPN
cblr-2952	1150	17	capital	capital	NOUN
cblr-2952	1150	18	market	market	NOUN
cblr-2952	1150	19	.	.	PUNCT
cblr-2952	1151	1	the	the	DET
cblr-2952	1151	2	possible	possible	ADJ
cblr-2952	1151	3	beneficial	beneficial	ADJ
cblr-2952	1151	4	effects	effect	NOUN
cblr-2952	1151	5	of	of	ADP
cblr-2952	1151	6	these	these	DET
cblr-2952	1151	7	investments	investment	NOUN
cblr-2952	1151	8	on	on	ADP
cblr-2952	1151	9	u.s	u.s	PROPN
cblr-2952	1151	10	.	.	PROPN
cblr-2952	1151	11	capital	capital	NOUN
cblr-2952	1151	12	markets	market	NOUN
cblr-2952	1151	13	,	,	PUNCT
cblr-2952	1151	14	outlined	outline	VERB
cblr-2952	1151	15	supra	supra	NOUN
cblr-2952	1151	16	in	in	ADP
cblr-2952	1151	17	part	part	NOUN
cblr-2952	1151	18	i	i	PROPN
cblr-2952	1151	19	,	,	PUNCT
cblr-2952	1151	20	would	would	AUX
cblr-2952	1151	21	thus	thus	ADV
cblr-2952	1151	22	likely	likely	ADV
cblr-2952	1151	23	be	be	AUX
cblr-2952	1151	24	magnified	magnify	VERB
cblr-2952	1151	25	.	.	PUNCT
cblr-2952	1152	1	for	for	ADP
cblr-2952	1152	2	example	example	NOUN
cblr-2952	1152	3	,	,	PUNCT
cblr-2952	1152	4	an	an	DET
cblr-2952	1152	5	increase	increase	NOUN
cblr-2952	1152	6	in	in	ADP
cblr-2952	1152	7	private	private	ADJ
cblr-2952	1152	8	equity	equity	NOUN
cblr-2952	1152	9	assets	asset	NOUN
cblr-2952	1152	10	under	under	ADP
cblr-2952	1152	11	management	management	NOUN
cblr-2952	1152	12	could	could	AUX
cblr-2952	1152	13	further	far	ADV
cblr-2952	1152	14	benefit	benefit	VERB
cblr-2952	1152	15	public	public	ADJ
cblr-2952	1152	16	shareholders	shareholder	NOUN
cblr-2952	1152	17	by	by	ADP
cblr-2952	1152	18	engendering	engender	VERB
cblr-2952	1152	19	additional	additional	ADJ
cblr-2952	1152	20	buy	buy	NOUN
cblr-2952	1152	21	-	-	PUNCT
cblr-2952	1152	22	outs	out	NOUN
cblr-2952	1152	23	,	,	PUNCT
cblr-2952	1152	24	thereby	thereby	ADV
cblr-2952	1152	25	providing	provide	VERB
cblr-2952	1152	26	these	these	DET
cblr-2952	1152	27	shareholders	shareholder	NOUN
cblr-2952	1152	28	with	with	ADP
cblr-2952	1152	29	a	a	DET
cblr-2952	1152	30	control	control	NOUN
cblr-2952	1152	31	share	share	NOUN
cblr-2952	1152	32	premium	premium	NOUN
cblr-2952	1152	33	.	.	PUNCT
cblr-2952	1153	1	for	for	ADP
cblr-2952	1153	2	hedge	hedge	NOUN
cblr-2952	1153	3	funds	fund	NOUN
cblr-2952	1153	4	,	,	PUNCT
cblr-2952	1153	5	additional	additional	ADJ
cblr-2952	1153	6	capital	capital	NOUN
cblr-2952	1153	7	would	would	AUX
cblr-2952	1153	8	produce	produce	VERB
cblr-2952	1153	9	increased	increase	VERB
cblr-2952	1153	10	trading	trading	NOUN
cblr-2952	1153	11	and	and	CCONJ
cblr-2952	1153	12	investing	investing	NOUN
cblr-2952	1153	13	ability	ability	NOUN
cblr-2952	1153	14	,	,	PUNCT
cblr-2952	1153	15	adding	add	VERB
cblr-2952	1153	16	further	further	ADJ
cblr-2952	1153	17	liquidity	liquidity	NOUN
cblr-2952	1153	18	to	to	ADP
cblr-2952	1153	19	markets	market	NOUN
cblr-2952	1153	20	,	,	PUNCT
cblr-2952	1153	21	likely	likely	ADV
cblr-2952	1153	22	further	far	ADV
cblr-2952	1153	23	increasing	increase	VERB
cblr-2952	1153	24	their	their	PRON
cblr-2952	1153	25	shareholder	shareholder	NOUN
cblr-2952	1153	26	activism	activism	NOUN
cblr-2952	1153	27	and	and	CCONJ
cblr-2952	1153	28	spurring	spur	VERB
cblr-2952	1153	29	these	these	DET
cblr-2952	1153	30	funds	fund	NOUN
cblr-2952	1153	31	to	to	ADP
cblr-2952	1153	32	con2	con2	NOUN
cblr-2952	1153	33	'	'	PUNCT
cblr-2952	1153	34	this	this	PRON
cblr-2952	1153	35	would	would	AUX
cblr-2952	1153	36	create	create	VERB
cblr-2952	1153	37	an	an	DET
cblr-2952	1153	38	economic	economic	ADJ
cblr-2952	1153	39	force	force	NOUN
cblr-2952	1153	40	towards	towards	ADP
cblr-2952	1153	41	a	a	DET
cblr-2952	1153	42	similar	similar	ADJ
cblr-2952	1153	43	result	result	NOUN
cblr-2952	1153	44	that	that	SCONJ
cblr-2952	1153	45	the	the	DET
cblr-2952	1153	46	sec	sec	PROPN
cblr-2952	1153	47	attempted	attempt	VERB
cblr-2952	1153	48	to	to	PART
cblr-2952	1153	49	require	require	VERB
cblr-2952	1153	50	with	with	ADP
cblr-2952	1153	51	the	the	DET
cblr-2952	1153	52	proposed	propose	VERB
cblr-2952	1153	53	hedge	hedge	NOUN
cblr-2952	1153	54	funds	fund	NOUN
cblr-2952	1153	55	adviser	adviser	NOUN
cblr-2952	1153	56	registration	registration	NOUN
cblr-2952	1153	57	rule	rule	NOUN
cblr-2952	1153	58	.	.	PUNCT
cblr-2952	1154	1	see	see	VERB
cblr-2952	1154	2	supra	supra	PROPN
cblr-2952	1154	3	notes	note	VERB
cblr-2952	1154	4	136	136	NUM
cblr-2952	1154	5	-	-	SYM
cblr-2952	1154	6	140	140	NUM
cblr-2952	1154	7	and	and	CCONJ
cblr-2952	1154	8	accompanying	accompany	VERB
cblr-2952	1154	9	text	text	NOUN
cblr-2952	1154	10	.	.	PUNCT
cblr-2952	1155	1	and	and	CCONJ
cblr-2952	1155	2	while	while	SCONJ
cblr-2952	1155	3	there	there	PRON
cblr-2952	1155	4	would	would	AUX
cblr-2952	1155	5	be	be	AUX
cblr-2952	1155	6	only	only	ADV
cblr-2952	1155	7	a	a	DET
cblr-2952	1155	8	confined	confine	VERB
cblr-2952	1155	9	number	number	NOUN
cblr-2952	1155	10	of	of	ADP
cblr-2952	1155	11	funds	fund	NOUN
cblr-2952	1155	12	who	who	PRON
cblr-2952	1155	13	advantaged	advantage	VERB
cblr-2952	1155	14	themselves	themselves	PRON
cblr-2952	1155	15	of	of	ADP
cblr-2952	1155	16	the	the	DET
cblr-2952	1155	17	public	public	ADJ
cblr-2952	1155	18	markets	market	NOUN
cblr-2952	1155	19	,	,	PUNCT
cblr-2952	1155	20	with	with	ADP
cblr-2952	1155	21	many	many	ADJ
cblr-2952	1155	22	remaining	remain	VERB
cblr-2952	1155	23	private	private	ADJ
cblr-2952	1155	24	,	,	PUNCT
cblr-2952	1155	25	it	it	PRON
cblr-2952	1155	26	is	be	AUX
cblr-2952	1155	27	likely	likely	ADJ
cblr-2952	1155	28	that	that	SCONJ
cblr-2952	1155	29	the	the	DET
cblr-2952	1155	30	bigger	big	ADJ
cblr-2952	1155	31	funds	fund	NOUN
cblr-2952	1155	32	with	with	ADP
cblr-2952	1155	33	longer	long	ADJ
cblr-2952	1155	34	survivorship	survivorship	NOUN
cblr-2952	1155	35	periods	period	NOUN
cblr-2952	1155	36	would	would	AUX
cblr-2952	1155	37	tend	tend	VERB
cblr-2952	1155	38	towards	towards	ADP
cblr-2952	1155	39	the	the	DET
cblr-2952	1155	40	public	public	ADJ
cblr-2952	1155	41	markets	market	NOUN
cblr-2952	1155	42	.	.	PUNCT
cblr-2952	1156	1	this	this	PRON
cblr-2952	1156	2	is	be	AUX
cblr-2952	1156	3	evidenced	evidence	VERB
cblr-2952	1156	4	by	by	ADP
cblr-2952	1156	5	the	the	DET
cblr-2952	1156	6	case	case	NOUN
cblr-2952	1156	7	of	of	ADP
cblr-2952	1156	8	fund	fund	NOUN
cblr-2952	1156	9	adviser	adviser	NOUN
cblr-2952	1156	10	initial	initial	ADJ
cblr-2952	1156	11	public	public	ADJ
cblr-2952	1156	12	offerings	offering	NOUN
cblr-2952	1156	13	which	which	PRON
cblr-2952	1156	14	thus	thus	ADV
cblr-2952	1156	15	far	far	ADV
cblr-2952	1156	16	have	have	AUX
cblr-2952	1156	17	involved	involve	VERB
cblr-2952	1156	18	more	more	ADJ
cblr-2952	1156	19	prominent	prominent	ADJ
cblr-2952	1156	20	fund	fund	NOUN
cblr-2952	1156	21	advisers	adviser	NOUN
cblr-2952	1156	22	.	.	PUNCT
cblr-2952	1157	1	see	see	VERB
cblr-2952	1157	2	supra	supra	PROPN
cblr-2952	1157	3	notes	note	VERB
cblr-2952	1157	4	161	161	NUM
cblr-2952	1157	5	-	-	SYM
cblr-2952	1157	6	165	165	NUM
cblr-2952	1157	7	and	and	CCONJ
cblr-2952	1157	8	accompanying	accompany	VERB
cblr-2952	1157	9	text	text	NOUN
cblr-2952	1157	10	.	.	PUNCT
cblr-2952	1158	1	no	no	INTJ
cblr-2952	1158	2	.	.	NOUN
cblr-2952	1159	1	1	1	NUM
cblr-2952	1159	2	:	:	SYM
cblr-2952	1159	3	172	172	NUM
cblr-2952	1159	4	]	]	X
cblr-2952	1159	5	black	black	ADJ
cblr-2952	1159	6	market	market	NOUN
cblr-2952	1159	7	capital	capital	PROPN
cblr-2952	1159	8	columbia	columbia	PROPN
cblr-2952	1159	9	business	business	PROPN
cblr-2952	1159	10	law	law	PROPN
cblr-2952	1159	11	review	review	NOUN
cblr-2952	1159	12	tinue	tinue	NOUN
cblr-2952	1159	13	to	to	PART
cblr-2952	1159	14	create	create	VERB
cblr-2952	1159	15	alternative	alternative	ADJ
cblr-2952	1159	16	financial	financial	ADJ
cblr-2952	1159	17	products	product	NOUN
cblr-2952	1159	18	in	in	ADP
cblr-2952	1159	19	search	search	NOUN
cblr-2952	1159	20	of	of	ADP
cblr-2952	1159	21	extraordinary	extraordinary	ADJ
cblr-2952	1159	22	positive	positive	ADJ
cblr-2952	1159	23	returns.255	returns.255	NOUN
cblr-2952	1159	24	these	these	DET
cblr-2952	1159	25	possible	possible	ADJ
cblr-2952	1159	26	benefits	benefit	NOUN
cblr-2952	1159	27	must	must	AUX
cblr-2952	1159	28	be	be	AUX
cblr-2952	1159	29	set	set	VERB
cblr-2952	1159	30	against	against	ADP
cblr-2952	1159	31	the	the	DET
cblr-2952	1159	32	individualized	individualized	ADJ
cblr-2952	1159	33	and	and	CCONJ
cblr-2952	1159	34	systemic	systemic	ADJ
cblr-2952	1159	35	risks	risk	NOUN
cblr-2952	1159	36	raised	raise	VERB
cblr-2952	1159	37	by	by	ADP
cblr-2952	1159	38	these	these	DET
cblr-2952	1159	39	investments	investment	NOUN
cblr-2952	1159	40	and	and	CCONJ
cblr-2952	1159	41	any	any	DET
cblr-2952	1159	42	enhanced	enhanced	ADJ
cblr-2952	1159	43	negative	negative	ADJ
cblr-2952	1159	44	effect	effect	NOUN
cblr-2952	1159	45	to	to	ADP
cblr-2952	1159	46	the	the	DET
cblr-2952	1159	47	u.s	u.s	PROPN
cblr-2952	1159	48	.	.	PROPN
cblr-2952	1159	49	capital	capital	NOUN
cblr-2952	1159	50	markets	market	NOUN
cblr-2952	1159	51	generally	generally	ADV
cblr-2952	1159	52	if	if	SCONJ
cblr-2952	1159	53	the	the	DET
cblr-2952	1159	54	presence	presence	NOUN
cblr-2952	1159	55	and	and	CCONJ
cblr-2952	1159	56	influence	influence	NOUN
cblr-2952	1159	57	of	of	ADP
cblr-2952	1159	58	hedge	hedge	NOUN
cblr-2952	1159	59	funds	fund	NOUN
cblr-2952	1159	60	and	and	CCONJ
cblr-2952	1159	61	private	private	ADJ
cblr-2952	1159	62	equity	equity	NOUN
cblr-2952	1159	63	increased	increase	VERB
cblr-2952	1159	64	due	due	ADP
cblr-2952	1159	65	to	to	ADP
cblr-2952	1159	66	public	public	ADJ
cblr-2952	1159	67	investment	investment	NOUN
cblr-2952	1159	68	in	in	ADP
cblr-2952	1159	69	these	these	DET
cblr-2952	1159	70	funds	fund	NOUN
cblr-2952	1159	71	.	.	PUNCT
cblr-2952	1160	1	i	i	PRON
cblr-2952	1160	2	discuss	discuss	VERB
cblr-2952	1160	3	these	these	DET
cblr-2952	1160	4	possible	possible	ADJ
cblr-2952	1160	5	negative	negative	ADJ
cblr-2952	1160	6	effects	effect	NOUN
cblr-2952	1160	7	infra	infra	NOUN
cblr-2952	1160	8	.	.	PUNCT
cblr-2952	1161	1	b.	b.	PROPN
cblr-2952	1162	1	the	the	DET
cblr-2952	1162	2	open	open	ADJ
cblr-2952	1162	3	market	market	NOUN
cblr-2952	1162	4	solution	solution	NOUN
cblr-2952	1162	5	's	's	PART
cblr-2952	1162	6	costs	cost	VERB
cblr-2952	1162	7	the	the	DET
cblr-2952	1162	8	effective	effective	ADJ
cblr-2952	1162	9	elimination	elimination	NOUN
cblr-2952	1162	10	of	of	ADP
cblr-2952	1162	11	black	black	ADJ
cblr-2952	1162	12	market	market	NOUN
cblr-2952	1162	13	capital	capital	NOUN
cblr-2952	1162	14	through	through	ADP
cblr-2952	1162	15	an	an	DET
cblr-2952	1162	16	open	open	ADJ
cblr-2952	1162	17	market	market	NOUN
cblr-2952	1162	18	regulatory	regulatory	ADJ
cblr-2952	1162	19	solution	solution	NOUN
cblr-2952	1162	20	would	would	AUX
cblr-2952	1162	21	thus	thus	ADV
cblr-2952	1162	22	restore	restore	VERB
cblr-2952	1162	23	equilibrium	equilibrium	NOUN
cblr-2952	1162	24	to	to	ADP
cblr-2952	1162	25	the	the	DET
cblr-2952	1162	26	u.s	u.s	PROPN
cblr-2952	1162	27	.	.	PROPN
cblr-2952	1162	28	capital	capital	NOUN
cblr-2952	1162	29	market	market	NOUN
cblr-2952	1162	30	and	and	CCONJ
cblr-2952	1162	31	eliminate	eliminate	VERB
cblr-2952	1162	32	seemingly	seemingly	ADV
cblr-2952	1162	33	irrational	irrational	ADJ
cblr-2952	1162	34	regulatory	regulatory	ADJ
cblr-2952	1162	35	distinctions	distinction	NOUN
cblr-2952	1162	36	.	.	PUNCT
cblr-2952	1163	1	still	still	ADV
cblr-2952	1163	2	,	,	PUNCT
cblr-2952	1163	3	if	if	SCONJ
cblr-2952	1163	4	the	the	DET
cblr-2952	1163	5	open	open	ADJ
cblr-2952	1163	6	market	market	NOUN
cblr-2952	1163	7	solution	solution	NOUN
cblr-2952	1163	8	is	be	AUX
cblr-2952	1163	9	to	to	PART
cblr-2952	1163	10	be	be	AUX
cblr-2952	1163	11	implemented	implement	VERB
cblr-2952	1163	12	,	,	PUNCT
cblr-2952	1163	13	it	it	PRON
cblr-2952	1163	14	should	should	AUX
cblr-2952	1163	15	be	be	AUX
cblr-2952	1163	16	a	a	DET
cblr-2952	1163	17	utilitarian	utilitarian	ADJ
cblr-2952	1163	18	one	one	NOUN
cblr-2952	1163	19	:	:	PUNCT
cblr-2952	1163	20	its	its	PRON
cblr-2952	1163	21	benefits	benefit	NOUN
cblr-2952	1163	22	should	should	AUX
cblr-2952	1163	23	prospectively	prospectively	ADV
cblr-2952	1163	24	offset	offset	VERB
cblr-2952	1163	25	any	any	DET
cblr-2952	1163	26	risks	risk	NOUN
cblr-2952	1163	27	and	and	CCONJ
cblr-2952	1163	28	other	other	ADJ
cblr-2952	1163	29	negative	negative	ADJ
cblr-2952	1163	30	consequences	consequence	NOUN
cblr-2952	1163	31	arising	arise	VERB
cblr-2952	1163	32	from	from	ADP
cblr-2952	1163	33	it	it	PRON
cblr-2952	1163	34	.	.	PUNCT
cblr-2952	1164	1	many	many	ADJ
cblr-2952	1164	2	,	,	PUNCT
cblr-2952	1164	3	including	include	VERB
cblr-2952	1164	4	the	the	DET
cblr-2952	1164	5	sec	sec	PROPN
cblr-2952	1164	6	,	,	PUNCT
cblr-2952	1164	7	have	have	AUX
cblr-2952	1164	8	implicitly	implicitly	ADV
cblr-2952	1164	9	asserted	assert	VERB
cblr-2952	1164	10	that	that	SCONJ
cblr-2952	1164	11	these	these	DET
cblr-2952	1164	12	benefits	benefit	NOUN
cblr-2952	1164	13	are	be	AUX
cblr-2952	1164	14	so	so	ADV
cblr-2952	1164	15	outweighed	outweighed	ADJ
cblr-2952	1164	16	.	.	PUNCT
cblr-2952	1165	1	yet	yet	CCONJ
cblr-2952	1165	2	they	they	PRON
cblr-2952	1165	3	have	have	AUX
cblr-2952	1165	4	done	do	VERB
cblr-2952	1165	5	so	so	ADV
cblr-2952	1165	6	without	without	ADP
cblr-2952	1165	7	any	any	DET
cblr-2952	1165	8	real	real	ADJ
cblr-2952	1165	9	examination	examination	NOUN
cblr-2952	1165	10	or	or	CCONJ
cblr-2952	1165	11	recognition	recognition	NOUN
cblr-2952	1165	12	of	of	ADP
cblr-2952	1165	13	the	the	DET
cblr-2952	1165	14	costs	cost	NOUN
cblr-2952	1165	15	associated	associate	VERB
cblr-2952	1165	16	with	with	ADP
cblr-2952	1165	17	this	this	DET
cblr-2952	1165	18	regulation	regulation	NOUN
cblr-2952	1165	19	.	.	PUNCT
cblr-2952	1166	1	this	this	DET
cblr-2952	1166	2	part	part	NOUN
cblr-2952	1166	3	continues	continue	VERB
cblr-2952	1166	4	by	by	ADP
cblr-2952	1166	5	examining	examine	VERB
cblr-2952	1166	6	the	the	DET
cblr-2952	1166	7	possible	possible	ADJ
cblr-2952	1166	8	costs	cost	NOUN
cblr-2952	1166	9	associated	associate	VERB
cblr-2952	1166	10	with	with	ADP
cblr-2952	1166	11	and	and	CCONJ
cblr-2952	1166	12	other	other	ADJ
cblr-2952	1166	13	objections	objection	NOUN
cblr-2952	1166	14	to	to	ADP
cblr-2952	1166	15	an	an	DET
cblr-2952	1166	16	open	open	ADJ
cblr-2952	1166	17	market	market	NOUN
cblr-2952	1166	18	solution	solution	NOUN
cblr-2952	1166	19	;	;	PUNCT
cblr-2952	1166	20	it	it	PRON
cblr-2952	1166	21	finds	find	VERB
cblr-2952	1166	22	the	the	DET
cblr-2952	1166	23	majority	majority	NOUN
cblr-2952	1166	24	of	of	ADP
cblr-2952	1166	25	these	these	DET
cblr-2952	1166	26	arguments	argument	NOUN
cblr-2952	1166	27	to	to	PART
cblr-2952	1166	28	be	be	AUX
cblr-2952	1166	29	unjustified	unjustified	ADJ
cblr-2952	1166	30	,	,	PUNCT
cblr-2952	1166	31	principally	principally	ADV
cblr-2952	1166	32	resting	rest	VERB
cblr-2952	1166	33	on	on	ADP
cblr-2952	1166	34	a	a	DET
cblr-2952	1166	35	misperception	misperception	NOUN
cblr-2952	1166	36	of	of	ADP
cblr-2952	1166	37	the	the	DET
cblr-2952	1166	38	possible	possible	ADJ
cblr-2952	1166	39	negative	negative	ADJ
cblr-2952	1166	40	systemic	systemic	ADJ
cblr-2952	1166	41	effects	effect	NOUN
cblr-2952	1166	42	of	of	ADP
cblr-2952	1166	43	these	these	DET
cblr-2952	1166	44	investments	investment	NOUN
cblr-2952	1166	45	.	.	PUNCT
cblr-2952	1167	1	other	other	ADJ
cblr-2952	1167	2	objections	objection	NOUN
cblr-2952	1167	3	raise	raise	VERB
cblr-2952	1167	4	more	more	ADV
cblr-2952	1167	5	serious	serious	ADJ
cblr-2952	1167	6	concerns	concern	NOUN
cblr-2952	1167	7	but	but	CCONJ
cblr-2952	1167	8	warrant	warrant	VERB
cblr-2952	1167	9	further	further	ADJ
cblr-2952	1167	10	study	study	NOUN
cblr-2952	1167	11	.	.	PUNCT
cblr-2952	1168	1	ultimately	ultimately	ADV
cblr-2952	1168	2	,	,	PUNCT
cblr-2952	1168	3	though	though	SCONJ
cblr-2952	1168	4	further	further	ADJ
cblr-2952	1168	5	study	study	NOUN
cblr-2952	1168	6	of	of	ADP
cblr-2952	1168	7	these	these	DET
cblr-2952	1168	8	objections	objection	NOUN
cblr-2952	1168	9	is	be	AUX
cblr-2952	1168	10	necessary	necessary	ADJ
cblr-2952	1168	11	,	,	PUNCT
cblr-2952	1168	12	the	the	DET
cblr-2952	1168	13	open	open	ADJ
cblr-2952	1168	14	market	market	NOUN
cblr-2952	1168	15	solution	solution	NOUN
cblr-2952	1168	16	at	at	ADP
cblr-2952	1168	17	this	this	DET
cblr-2952	1168	18	time	time	NOUN
cblr-2952	1168	19	appears	appear	VERB
cblr-2952	1168	20	to	to	PART
cblr-2952	1168	21	be	be	AUX
cblr-2952	1168	22	an	an	DET
cblr-2952	1168	23	economically	economically	ADV
cblr-2952	1168	24	more	more	ADV
cblr-2952	1168	25	optimal	optimal	ADJ
cblr-2952	1168	26	system	system	NOUN
cblr-2952	1168	27	than	than	ADP
cblr-2952	1168	28	the	the	DET
cblr-2952	1168	29	current	current	ADJ
cblr-2952	1168	30	scheme	scheme	NOUN
cblr-2952	1168	31	.	.	PUNCT
cblr-2952	1169	1	c.	c.	NOUN
cblr-2952	1169	2	investor	investor	PROPN
cblr-2952	1169	3	risk	risk	VERB
cblr-2952	1169	4	a	a	DET
cblr-2952	1169	5	principal	principal	ADJ
cblr-2952	1169	6	argument	argument	NOUN
cblr-2952	1169	7	often	often	ADV
cblr-2952	1169	8	put	put	VERB
cblr-2952	1169	9	forth	forth	ADV
cblr-2952	1169	10	to	to	PART
cblr-2952	1169	11	justify	justify	VERB
cblr-2952	1169	12	the	the	DET
cblr-2952	1169	13	current	current	ADJ
cblr-2952	1169	14	ban	ban	NOUN
cblr-2952	1169	15	on	on	ADP
cblr-2952	1169	16	public	public	ADJ
cblr-2952	1169	17	investment	investment	NOUN
cblr-2952	1169	18	in	in	ADP
cblr-2952	1169	19	hedge	hedge	NOUN
cblr-2952	1169	20	funds	fund	NOUN
cblr-2952	1169	21	and	and	CCONJ
cblr-2952	1169	22	private	private	ADJ
cblr-2952	1169	23	equity	equity	NOUN
cblr-2952	1169	24	is	be	AUX
cblr-2952	1169	25	that	that	SCONJ
cblr-2952	1169	26	these	these	DET
cblr-2952	1169	27	investments	investment	NOUN
cblr-2952	1169	28	pose	pose	VERB
cblr-2952	1169	29	inordinate	inordinate	ADJ
cblr-2952	1169	30	risk	risk	NOUN
cblr-2952	1169	31	to	to	ADP
cblr-2952	1169	32	investors	investor	NOUN
cblr-2952	1169	33	.	.	PUNCT
cblr-2952	1170	1	this	this	PRON
cblr-2952	1170	2	is	be	AUX
cblr-2952	1170	3	a	a	DET
cblr-2952	1170	4	primary	primary	ADJ
cblr-2952	1170	5	argument	argument	NOUN
cblr-2952	1170	6	made	make	VERB
cblr-2952	1170	7	by	by	ADP
cblr-2952	1170	8	the	the	DET
cblr-2952	1170	9	sec	sec	PROPN
cblr-2952	1170	10	to	to	PART
cblr-2952	1170	11	support	support	VERB
cblr-2952	1170	12	its	its	PRON
cblr-2952	1170	13	255	255	NUM
cblr-2952	1170	14	for	for	ADP
cblr-2952	1170	15	more	more	ADJ
cblr-2952	1170	16	on	on	ADP
cblr-2952	1170	17	these	these	DET
cblr-2952	1170	18	activities	activity	NOUN
cblr-2952	1170	19	,	,	PUNCT
cblr-2952	1170	20	see	see	VERB
cblr-2952	1170	21	supra	supra	PROPN
cblr-2952	1170	22	notes	note	VERB
cblr-2952	1170	23	82	82	NUM
cblr-2952	1170	24	-	-	SYM
cblr-2952	1170	25	85	85	NUM
cblr-2952	1170	26	and	and	CCONJ
cblr-2952	1170	27	accompanying	accompany	VERB
cblr-2952	1170	28	text	text	NOUN
cblr-2952	1170	29	.	.	PUNCT
cblr-2952	1171	1	[	[	X
cblr-2952	1171	2	vol	vol	NOUN
cblr-2952	1171	3	.	.	PUNCT
cblr-2952	1171	4	2008	2008	NUM
cblr-2952	1171	5	own	own	ADJ
cblr-2952	1171	6	heightened	heighten	VERB
cblr-2952	1171	7	regulation	regulation	NOUN
cblr-2952	1171	8	of	of	ADP
cblr-2952	1171	9	hedge	hedge	NOUN
cblr-2952	1171	10	funds	fund	NOUN
cblr-2952	1171	11	.	.	PUNCT
cblr-2952	1172	1	6	6	NUM
cblr-2952	1172	2	yet	yet	ADV
cblr-2952	1172	3	,	,	PUNCT
cblr-2952	1172	4	if	if	SCONJ
cblr-2952	1172	5	hedge	hedge	NOUN
cblr-2952	1172	6	funds	fund	NOUN
cblr-2952	1172	7	and	and	CCONJ
cblr-2952	1172	8	private	private	ADJ
cblr-2952	1172	9	equity	equity	NOUN
cblr-2952	1172	10	are	be	AUX
cblr-2952	1172	11	too	too	ADV
cblr-2952	1172	12	risky	risky	ADJ
cblr-2952	1172	13	,	,	PUNCT
cblr-2952	1172	14	then	then	ADV
cblr-2952	1172	15	it	it	PRON
cblr-2952	1172	16	would	would	AUX
cblr-2952	1172	17	be	be	AUX
cblr-2952	1172	18	logical	logical	ADJ
cblr-2952	1172	19	to	to	PART
cblr-2952	1172	20	conclude	conclude	VERB
cblr-2952	1172	21	that	that	PRON
cblr-2952	1172	22	derivative	derivative	ADJ
cblr-2952	1172	23	,	,	PUNCT
cblr-2952	1172	24	black	black	ADJ
cblr-2952	1172	25	market	market	NOUN
cblr-2952	1172	26	capital	capital	NOUN
cblr-2952	1172	27	investments	investment	NOUN
cblr-2952	1172	28	should	should	AUX
cblr-2952	1172	29	also	also	ADV
cblr-2952	1172	30	be	be	AUX
cblr-2952	1172	31	prohibited	prohibit	VERB
cblr-2952	1172	32	.	.	PUNCT
cblr-2952	1173	1	moreover	moreover	ADV
cblr-2952	1173	2	,	,	PUNCT
cblr-2952	1173	3	these	these	DET
cblr-2952	1173	4	arguments	argument	NOUN
cblr-2952	1173	5	typically	typically	ADV
cblr-2952	1173	6	conflate	conflate	VERB
cblr-2952	1173	7	the	the	DET
cblr-2952	1173	8	systemic	systemic	ADJ
cblr-2952	1173	9	risk	risk	NOUN
cblr-2952	1173	10	of	of	ADP
cblr-2952	1173	11	hedge	hedge	NOUN
cblr-2952	1173	12	funds	fund	NOUN
cblr-2952	1173	13	and	and	CCONJ
cblr-2952	1173	14	private	private	ADJ
cblr-2952	1173	15	equity	equity	NOUN
cblr-2952	1173	16	with	with	ADP
cblr-2952	1173	17	their	their	PRON
cblr-2952	1173	18	individual	individual	ADJ
cblr-2952	1173	19	risk	risk	NOUN
cblr-2952	1173	20	to	to	ADP
cblr-2952	1173	21	investors	investor	NOUN
cblr-2952	1173	22	.	.	PUNCT
cblr-2952	1174	1	the	the	DET
cblr-2952	1174	2	investor	investor	NOUN
cblr-2952	1174	3	's	's	PART
cblr-2952	1174	4	individualized	individualized	ADJ
cblr-2952	1174	5	risk	risk	NOUN
cblr-2952	1174	6	is	be	AUX
cblr-2952	1174	7	confined	confine	VERB
cblr-2952	1174	8	to	to	ADP
cblr-2952	1174	9	the	the	DET
cblr-2952	1174	10	fund	fund	NOUN
cblr-2952	1174	11	investment	investment	NOUN
cblr-2952	1174	12	itself	itself	PRON
cblr-2952	1174	13	.	.	PUNCT
cblr-2952	1175	1	while	while	SCONJ
cblr-2952	1175	2	both	both	CCONJ
cblr-2952	1175	3	systemic	systemic	ADJ
cblr-2952	1175	4	and	and	CCONJ
cblr-2952	1175	5	individualized	individualized	ADJ
cblr-2952	1175	6	risk	risk	NOUN
cblr-2952	1175	7	must	must	AUX
cblr-2952	1175	8	be	be	AUX
cblr-2952	1175	9	considered	consider	VERB
cblr-2952	1175	10	in	in	ADP
cblr-2952	1175	11	the	the	DET
cblr-2952	1175	12	context	context	NOUN
cblr-2952	1175	13	of	of	ADP
cblr-2952	1175	14	this	this	DET
cblr-2952	1175	15	article	article	NOUN
cblr-2952	1175	16	's	's	PART
cblr-2952	1175	17	proposal	proposal	NOUN
cblr-2952	1175	18	,	,	PUNCT
cblr-2952	1175	19	each	each	PRON
cblr-2952	1175	20	is	be	AUX
cblr-2952	1175	21	a	a	DET
cblr-2952	1175	22	different	different	ADJ
cblr-2952	1175	23	quantity	quantity	NOUN
cblr-2952	1175	24	and	and	CCONJ
cblr-2952	1175	25	should	should	AUX
cblr-2952	1175	26	be	be	AUX
cblr-2952	1175	27	assessed	assess	VERB
cblr-2952	1175	28	separately	separately	ADV
cblr-2952	1175	29	.	.	PUNCT
cblr-2952	1176	1	i	i	PRON
cblr-2952	1176	2	will	will	AUX
cblr-2952	1176	3	address	address	VERB
cblr-2952	1176	4	in	in	ADP
cblr-2952	1176	5	the	the	DET
cblr-2952	1176	6	next	next	ADJ
cblr-2952	1176	7	sub	sub	ADJ
cblr-2952	1176	8	-	-	ADJ
cblr-2952	1176	9	part	part	ADJ
cblr-2952	1176	10	issues	issue	NOUN
cblr-2952	1176	11	of	of	ADP
cblr-2952	1176	12	systemic	systemic	ADJ
cblr-2952	1176	13	risk	risk	NOUN
cblr-2952	1176	14	,	,	PUNCT
cblr-2952	1176	15	but	but	CCONJ
cblr-2952	1176	16	with	with	ADP
cblr-2952	1176	17	respect	respect	NOUN
cblr-2952	1176	18	to	to	ADP
cblr-2952	1176	19	individualized	individualized	ADJ
cblr-2952	1176	20	risk	risk	NOUN
cblr-2952	1176	21	,	,	PUNCT
cblr-2952	1176	22	hedge	hedge	NOUN
cblr-2952	1176	23	funds	fund	NOUN
cblr-2952	1176	24	offer	offer	VERB
cblr-2952	1176	25	opportunities	opportunity	NOUN
cblr-2952	1176	26	to	to	PART
cblr-2952	1176	27	reduce	reduce	VERB
cblr-2952	1176	28	investor	investor	NOUN
cblr-2952	1176	29	risk	risk	NOUN
cblr-2952	1176	30	due	due	ADP
cblr-2952	1176	31	to	to	ADP
cblr-2952	1176	32	their	their	PRON
cblr-2952	1176	33	low	low	ADJ
cblr-2952	1176	34	correlation	correlation	NOUN
cblr-2952	1176	35	with	with	ADP
cblr-2952	1176	36	market	market	NOUN
cblr-2952	1176	37	factors	factor	NOUN
cblr-2952	1176	38	compared	compare	VERB
cblr-2952	1176	39	to	to	ADP
cblr-2952	1176	40	general	general	ADJ
cblr-2952	1176	41	mutual	mutual	ADJ
cblr-2952	1176	42	fund	fund	NOUN
cblr-2952	1176	43	or	or	CCONJ
cblr-2952	1176	44	public	public	ADJ
cblr-2952	1176	45	company	company	NOUN
cblr-2952	1176	46	equity	equity	NOUN
cblr-2952	1176	47	investments.257	investments.257	NOUN
cblr-2952	1176	48	the	the	DET
cblr-2952	1176	49	following	follow	VERB
cblr-2952	1176	50	chart	chart	NOUN
cblr-2952	1176	51	shows	show	VERB
cblr-2952	1176	52	the	the	DET
cblr-2952	1176	53	r2	r2	PROPN
cblr-2952	1176	54	of	of	ADP
cblr-2952	1176	55	hedge	hedge	NOUN
cblr-2952	1176	56	fund	fund	NOUN
cblr-2952	1176	57	and	and	CCONJ
cblr-2952	1176	58	mutual	mutual	ADJ
cblr-2952	1176	59	fund	fund	NOUN
cblr-2952	1176	60	returns	return	NOUN
cblr-2952	1176	61	versus	versus	ADP
cblr-2952	1176	62	eight	eight	NUM
cblr-2952	1176	63	classes	class	NOUN
cblr-2952	1176	64	of	of	ADP
cblr-2952	1176	65	assets:258	assets:258	DET
cblr-2952	1176	66	25	25	NUM
cblr-2952	1176	67	see	see	NOUN
cblr-2952	1176	68	,	,	PUNCT
cblr-2952	1176	69	e.g.	e.g.	ADV
cblr-2952	1176	70	,	,	PUNCT
cblr-2952	1176	71	accredited	accredit	VERB
cblr-2952	1176	72	investor	investor	NOUN
cblr-2952	1176	73	proposing	proposing	NOUN
cblr-2952	1176	74	release	release	NOUN
cblr-2952	1176	75	,	,	PUNCT
cblr-2952	1176	76	supra	supra	PROPN
cblr-2952	1176	77	note	note	NOUN
cblr-2952	1176	78	13	13	NUM
cblr-2952	1176	79	,	,	PUNCT
cblr-2952	1176	80	at	at	ADP
cblr-2952	1176	81	84,053	84,053	NUM
cblr-2952	1176	82	(	(	PUNCT
cblr-2952	1176	83	stating	state	VERB
cblr-2952	1176	84	that	that	PRON
cblr-2952	1176	85	hedge	hedge	NOUN
cblr-2952	1176	86	funds	fund	NOUN
cblr-2952	1176	87	"	"	PUNCT
cblr-2952	1176	88	involve	involve	VERB
cblr-2952	1176	89	risks	risk	NOUN
cblr-2952	1176	90	not	not	PART
cblr-2952	1176	91	generally	generally	ADV
cblr-2952	1176	92	associated	associate	VERB
cblr-2952	1176	93	with	with	ADP
cblr-2952	1176	94	many	many	ADJ
cblr-2952	1176	95	other	other	ADJ
cblr-2952	1176	96	issuers	issuer	NOUN
cblr-2952	1176	97	of	of	ADP
cblr-2952	1176	98	securities	security	NOUN
cblr-2952	1176	99	"	"	PUNCT
cblr-2952	1176	100	)	)	PUNCT
cblr-2952	1176	101	;	;	PUNCT
cblr-2952	1176	102	cox	cox	PROPN
cblr-2952	1176	103	senate	senate	PROPN
cblr-2952	1176	104	testimony	testimony	NOUN
cblr-2952	1176	105	,	,	PUNCT
cblr-2952	1176	106	supra	supra	PROPN
cblr-2952	1176	107	note	note	NOUN
cblr-2952	1176	108	11	11	NUM
cblr-2952	1176	109	(	(	PUNCT
cblr-2952	1176	110	stating	state	VERB
cblr-2952	1176	111	hedge	hedge	NOUN
cblr-2952	1176	112	funds	fund	NOUN
cblr-2952	1176	113	"	"	PUNCT
cblr-2952	1176	114	are	be	AUX
cblr-2952	1176	115	not	not	PART
cblr-2952	1176	116	investments	investment	NOUN
cblr-2952	1176	117	for	for	ADP
cblr-2952	1176	118	mom	mom	NOUN
cblr-2952	1176	119	and	and	CCONJ
cblr-2952	1176	120	pop	pop	NOUN
cblr-2952	1176	121	.	.	PUNCT
cblr-2952	1177	1	they	they	PRON
cblr-2952	1177	2	are	be	AUX
cblr-2952	1177	3	generally	generally	ADV
cblr-2952	1177	4	risky	risky	ADJ
cblr-2952	1177	5	ventures	venture	NOUN
cblr-2952	1177	6	that	that	PRON
cblr-2952	1177	7	simply	simply	ADV
cblr-2952	1177	8	do	do	AUX
cblr-2952	1177	9	n't	not	PART
cblr-2952	1177	10	make	make	VERB
cblr-2952	1177	11	sense	sense	NOUN
cblr-2952	1177	12	for	for	ADP
cblr-2952	1177	13	most	most	ADJ
cblr-2952	1177	14	retail	retail	ADJ
cblr-2952	1177	15	investors	investor	NOUN
cblr-2952	1177	16	"	"	PUNCT
cblr-2952	1177	17	)	)	PUNCT
cblr-2952	1177	18	.	.	PUNCT
cblr-2952	1178	1	257	257	NUM
cblr-2952	1178	2	see	see	VERB
cblr-2952	1178	3	supra	supra	PROPN
cblr-2952	1178	4	notes	note	VERB
cblr-2952	1178	5	76	76	NUM
cblr-2952	1178	6	-	-	SYM
cblr-2952	1178	7	81	81	NUM
cblr-2952	1178	8	and	and	CCONJ
cblr-2952	1178	9	accompanying	accompany	VERB
cblr-2952	1178	10	text	text	NOUN
cblr-2952	1178	11	.	.	PUNCT
cblr-2952	1179	1	258	258	NUM
cblr-2952	1179	2	the	the	DET
cblr-2952	1179	3	eight	eight	NUM
cblr-2952	1179	4	classes	class	NOUN
cblr-2952	1179	5	comprise	comprise	VERB
cblr-2952	1179	6	three	three	NUM
cblr-2952	1179	7	equity	equity	NOUN
cblr-2952	1179	8	classes	class	NOUN
cblr-2952	1179	9	:	:	PUNCT
cblr-2952	1179	10	msci	msci	PROPN
cblr-2952	1179	11	u.s	u.s	PROPN
cblr-2952	1179	12	.	.	PROPN
cblr-2952	1179	13	equities	equities	PROPN
cblr-2952	1179	14	,	,	PUNCT
cblr-2952	1179	15	msci	msci	PROPN
cblr-2952	1179	16	non	non	PROPN
cblr-2952	1179	17	-	-	ADJ
cblr-2952	1179	18	u.s	u.s	PROPN
cblr-2952	1179	19	.	.	PROPN
cblr-2952	1179	20	equities	equity	NOUN
cblr-2952	1179	21	,	,	PUNCT
cblr-2952	1179	22	and	and	CCONJ
cblr-2952	1179	23	ifc	ifc	NOUN
cblr-2952	1179	24	emerging	emerge	VERB
cblr-2952	1179	25	market	market	NOUN
cblr-2952	1179	26	equities	equity	NOUN
cblr-2952	1179	27	;	;	PUNCT
cblr-2952	1179	28	two	two	NUM
cblr-2952	1179	29	bond	bond	NOUN
cblr-2952	1179	30	classes	class	NOUN
cblr-2952	1179	31	:	:	PUNCT
cblr-2952	1179	32	jp	jp	PROPN
cblr-2952	1179	33	morgan	morgan	PROPN
cblr-2952	1179	34	u.s	u.s	PROPN
cblr-2952	1179	35	.	.	PROPN
cblr-2952	1179	36	government	government	NOUN
cblr-2952	1179	37	bonds	bond	NOUN
cblr-2952	1179	38	and	and	CCONJ
cblr-2952	1179	39	jp	jp	NOUN
cblr-2952	1179	40	morgan	morgan	PROPN
cblr-2952	1179	41	non	non	PROPN
cblr-2952	1179	42	-	-	ADJ
cblr-2952	1179	43	u.s	u.s	PROPN
cblr-2952	1179	44	.	.	PROPN
cblr-2952	1179	45	government	government	NOUN
cblr-2952	1179	46	bonds	bond	NOUN
cblr-2952	1179	47	;	;	PUNCT
cblr-2952	1179	48	one	one	NUM
cblr-2952	1179	49	cash	cash	NOUN
cblr-2952	1179	50	asset	asset	NOUN
cblr-2952	1179	51	:	:	PUNCT
cblr-2952	1179	52	the	the	DET
cblr-2952	1179	53	one	one	NUM
cblr-2952	1179	54	-	-	PUNCT
cblr-2952	1179	55	month	month	NOUN
cblr-2952	1179	56	eurodollar	eurodollar	NOUN
cblr-2952	1179	57	deposit	deposit	NOUN
cblr-2952	1179	58	;	;	PUNCT
cblr-2952	1179	59	one	one	NUM
cblr-2952	1179	60	commodity	commodity	NOUN
cblr-2952	1179	61	asset	asset	NOUN
cblr-2952	1179	62	:	:	PUNCT
cblr-2952	1179	63	the	the	DET
cblr-2952	1179	64	price	price	NOUN
cblr-2952	1179	65	of	of	ADP
cblr-2952	1179	66	gold	gold	NOUN
cblr-2952	1179	67	;	;	PUNCT
cblr-2952	1179	68	and	and	CCONJ
cblr-2952	1179	69	one	one	NUM
cblr-2952	1179	70	currency	currency	NOUN
cblr-2952	1179	71	asset	asset	NOUN
cblr-2952	1179	72	:	:	PUNCT
cblr-2952	1179	73	the	the	DET
cblr-2952	1179	74	federal	federal	PROPN
cblr-2952	1179	75	reserve	reserve	PROPN
cblr-2952	1179	76	's	's	PART
cblr-2952	1179	77	trade	trade	NOUN
cblr-2952	1179	78	weighted	weight	VERB
cblr-2952	1179	79	dollar	dollar	NOUN
cblr-2952	1179	80	index	index	NOUN
cblr-2952	1179	81	.	.	PUNCT
cblr-2952	1180	1	see	see	VERB
cblr-2952	1180	2	william	william	PROPN
cblr-2952	1180	3	fung	fung	PROPN
cblr-2952	1180	4	and	and	CCONJ
cblr-2952	1180	5	david	david	PROPN
cblr-2952	1180	6	a.	a.	PROPN
cblr-2952	1180	7	hsieh	hsieh	PROPN
cblr-2952	1180	8	,	,	PUNCT
cblr-2952	1180	9	empirical	empirical	ADJ
cblr-2952	1180	10	characteristics	characteristic	NOUN
cblr-2952	1180	11	of	of	ADP
cblr-2952	1180	12	dynamic	dynamic	ADJ
cblr-2952	1180	13	trading	trading	NOUN
cblr-2952	1180	14	strategies	strategy	NOUN
cblr-2952	1180	15	:	:	PUNCT
cblr-2952	1180	16	the	the	DET
cblr-2952	1180	17	case	case	NOUN
cblr-2952	1180	18	of	of	ADP
cblr-2952	1180	19	hedge	hedge	NOUN
cblr-2952	1180	20	funds	fund	NOUN
cblr-2952	1180	21	,	,	PUNCT
cblr-2952	1180	22	10	10	NUM
cblr-2952	1180	23	rev	rev	X
cblr-2952	1180	24	.	.	PROPN
cblr-2952	1180	25	fin	fin	NOUN
cblr-2952	1180	26	.	.	PUNCT
cblr-2952	1180	27	stud	stud	PROPN
cblr-2952	1180	28	.	.	PUNCT
cblr-2952	1181	1	275	275	NUM
cblr-2952	1181	2	,	,	PUNCT
cblr-2952	1181	3	279	279	NUM
cblr-2952	1181	4	(	(	PUNCT
cblr-2952	1181	5	1997	1997	NUM
cblr-2952	1181	6	)	)	PUNCT
cblr-2952	1181	7	.	.	PUNCT
cblr-2952	1182	1	no	no	INTJ
cblr-2952	1182	2	.	.	NOUN
cblr-2952	1183	1	1	1	NUM
cblr-2952	1183	2	:	:	SYM
cblr-2952	1183	3	172	172	NUM
cblr-2952	1183	4	]	]	X
cblr-2952	1183	5	black	black	ADJ
cblr-2952	1183	6	market	market	NOUN
cblr-2952	1183	7	capital	capital	PROPN
cblr-2952	1183	8	columbia	columbia	PROPN
cblr-2952	1183	9	business	business	PROPN
cblr-2952	1183	10	law	law	PROPN
cblr-2952	1183	11	review	review	VERB
cblr-2952	1183	12	chart	chart	NOUN
cblr-2952	1183	13	6a	6a	NOUN
cblr-2952	1183	14	distribution	distribution	NOUN
cblr-2952	1183	15	of	of	ADP
cblr-2952	1183	16	r	r	NOUN
cblr-2952	1183	17	'	'	PUNCT
cblr-2952	1183	18	versus	versus	ADP
cblr-2952	1183	19	eight	eight	NUM
cblr-2952	1183	20	asset	asset	NOUN
cblr-2952	1183	21	classes	class	NOUN
cblr-2952	1183	22	20	20	NUM
cblr-2952	1183	23	0	0	NUM
cblr-2952	1183	24	hedge	hedge	NOUN
cblr-2952	1183	25	fund	fund	NOUN
cblr-2952	1183	26	n	n	PRON
cblr-2952	1183	27	mutual	mutual	ADJ
cblr-2952	1183	28	fund	fund	NOUN
cblr-2952	1183	29	15	15	NUM
cblr-2952	1183	30	o~10	o~10	NOUN
cblr-2952	1183	31	0	0	NUM
cblr-2952	1183	32	,	,	PUNCT
cblr-2952	1183	33	0	0	NUM
cblr-2952	1183	34	10	10	NUM
cblr-2952	1183	35	20	20	NUM
cblr-2952	1183	36	30	30	NUM
cblr-2952	1183	37	40	40	NUM
cblr-2952	1183	38	50	50	NUM
cblr-2952	1183	39	60	60	NUM
cblr-2952	1183	40	70	70	NUM
cblr-2952	1183	41	80	80	NUM
cblr-2952	1183	42	90	90	NUM
cblr-2952	1183	43	100	100	NUM
cblr-2952	1183	44	distribution	distribution	NOUN
cblr-2952	1183	45	(	(	PUNCT
cblr-2952	1183	46	percent	percent	NOUN
cblr-2952	1183	47	)	)	PUNCT
cblr-2952	1183	48	source	source	NOUN
cblr-2952	1183	49	:	:	PUNCT
cblr-2952	1183	50	cisdm	cisdm	PROPN
cblr-2952	1183	51	,	,	PUNCT
cblr-2952	1183	52	hfr	hfr	PROPN
cblr-2952	1183	53	,	,	PUNCT
cblr-2952	1183	54	tass	tass	PROPN
cblr-2952	1183	55	,	,	PUNCT
cblr-2952	1183	56	mrningptar	mrningptar	NOUN
cblr-2952	1183	57	,	,	PUNCT
cblr-2952	1183	58	datatream	datatream	PROPN
cblr-2952	1183	59	259	259	NUM
cblr-2952	1183	60	source	source	NOUN
cblr-2952	1183	61	:	:	PUNCT
cblr-2952	1183	62	fung	fung	PROPN
cblr-2952	1183	63	&	&	CCONJ
cblr-2952	1183	64	hsieh	hsieh	PROPN
cblr-2952	1183	65	,	,	PUNCT
cblr-2952	1183	66	hedge	hedge	NOUN
cblr-2952	1183	67	funds	fund	NOUN
cblr-2952	1183	68	:	:	PUNCT
cblr-2952	1183	69	an	an	DET
cblr-2952	1183	70	industry	industry	NOUN
cblr-2952	1183	71	in	in	ADP
cblr-2952	1183	72	its	its	PRON
cblr-2952	1183	73	adolescence	adolescence	NOUN
cblr-2952	1183	74	r2	r2	NOUN
cblr-2952	1183	75	is	be	AUX
cblr-2952	1183	76	a	a	DET
cblr-2952	1183	77	statistical	statistical	ADJ
cblr-2952	1183	78	term	term	NOUN
cblr-2952	1183	79	which	which	PRON
cblr-2952	1183	80	measures	measure	VERB
cblr-2952	1183	81	the	the	DET
cblr-2952	1183	82	dependent	dependent	ADJ
cblr-2952	1183	83	variability	variability	NOUN
cblr-2952	1183	84	,	,	PUNCT
cblr-2952	1183	85	or	or	CCONJ
cblr-2952	1183	86	correlation	correlation	NOUN
cblr-2952	1183	87	,	,	PUNCT
cblr-2952	1183	88	of	of	ADP
cblr-2952	1183	89	one	one	NUM
cblr-2952	1183	90	set	set	NOUN
cblr-2952	1183	91	of	of	ADP
cblr-2952	1183	92	statistics	statistic	NOUN
cblr-2952	1183	93	(	(	PUNCT
cblr-2952	1183	94	i.e.	i.e.	X
cblr-2952	1183	95	,	,	PUNCT
cblr-2952	1183	96	hedge	hedge	NOUN
cblr-2952	1183	97	fund	fund	NOUN
cblr-2952	1183	98	returns	return	NOUN
cblr-2952	1183	99	)	)	PUNCT
cblr-2952	1183	100	against	against	ADP
cblr-2952	1183	101	another	another	PRON
cblr-2952	1183	102	(	(	PUNCT
cblr-2952	1183	103	i.e.	i.e.	X
cblr-2952	1183	104	,	,	PUNCT
cblr-2952	1183	105	a	a	DET
cblr-2952	1183	106	market	market	NOUN
cblr-2952	1183	107	asset	asset	NOUN
cblr-2952	1183	108	class	class	NOUN
cblr-2952	1183	109	)	)	PUNCT
cblr-2952	1183	110	.	.	PUNCT
cblr-2952	1184	1	chart	chart	NOUN
cblr-2952	1184	2	6a	6a	NOUN
cblr-2952	1184	3	reveals	reveal	VERB
cblr-2952	1184	4	that	that	SCONJ
cblr-2952	1184	5	in	in	ADP
cblr-2952	1184	6	comparison	comparison	NOUN
cblr-2952	1184	7	to	to	ADP
cblr-2952	1184	8	mutual	mutual	ADJ
cblr-2952	1184	9	funds	fund	NOUN
cblr-2952	1184	10	,	,	PUNCT
cblr-2952	1184	11	hedge	hedge	NOUN
cblr-2952	1184	12	fund	fund	NOUN
cblr-2952	1184	13	returns	return	NOUN
cblr-2952	1184	14	are	be	AUX
cblr-2952	1184	15	less	less	ADV
cblr-2952	1184	16	correlated	correlate	VERB
cblr-2952	1184	17	with	with	ADP
cblr-2952	1184	18	general	general	ADJ
cblr-2952	1184	19	market	market	NOUN
cblr-2952	1184	20	indicators	indicator	NOUN
cblr-2952	1184	21	and	and	CCONJ
cblr-2952	1184	22	therefore	therefore	ADV
cblr-2952	1184	23	bear	bear	VERB
cblr-2952	1184	24	less	less	ADJ
cblr-2952	1184	25	market	market	NOUN
cblr-2952	1184	26	risk.260	risk.260	NOUN
cblr-2952	1184	27	in	in	ADP
cblr-2952	1184	28	both	both	DET
cblr-2952	1184	29	instances	instance	NOUN
cblr-2952	1184	30	,	,	PUNCT
cblr-2952	1184	31	this	this	PRON
cblr-2952	1184	32	is	be	AUX
cblr-2952	1184	33	a	a	DET
cblr-2952	1184	34	source	source	NOUN
cblr-2952	1184	35	of	of	ADP
cblr-2952	1184	36	the	the	DET
cblr-2952	1184	37	attractiveness	attractiveness	NOUN
cblr-2952	1184	38	of	of	ADP
cblr-2952	1184	39	these	these	DET
cblr-2952	1184	40	investments	investment	NOUN
cblr-2952	1184	41	:	:	PUNCT
cblr-2952	1184	42	the	the	DET
cblr-2952	1184	43	addition	addition	NOUN
cblr-2952	1184	44	of	of	ADP
cblr-2952	1184	45	a	a	DET
cblr-2952	1184	46	portfolio	portfolio	NOUN
cblr-2952	1184	47	of	of	ADP
cblr-2952	1184	48	hedge	hedge	NOUN
cblr-2952	1184	49	funds	fund	NOUN
cblr-2952	1184	50	to	to	ADP
cblr-2952	1184	51	an	an	DET
cblr-2952	1184	52	investment	investment	NOUN
cblr-2952	1184	53	portfolio	portfolio	NOUN
cblr-2952	1184	54	provides	provide	VERB
cblr-2952	1184	55	an	an	DET
cblr-2952	1184	56	investor	investor	NOUN
cblr-2952	1184	57	diversification	diversification	NOUN
cblr-2952	1184	58	against	against	ADP
cblr-2952	1184	59	systemic	systemic	ADJ
cblr-2952	1184	60	risk	risk	NOUN
cblr-2952	1184	61	and	and	CCONJ
cblr-2952	1184	62	consequently	consequently	ADV
cblr-2952	1184	63	produces	produce	VERB
cblr-2952	1184	64	idiosyncratic	idiosyncratic	ADJ
cblr-2952	1184	65	returns	return	NOUN
cblr-2952	1184	66	independent	independent	ADJ
cblr-2952	1184	67	of	of	ADP
cblr-2952	1184	68	the	the	DET
cblr-2952	1184	69	market	market	NOUN
cblr-2952	1184	70	itself.21	itself.21	PROPN
cblr-2952	1184	71	in	in	ADP
cblr-2952	1184	72	short	short	ADJ
cblr-2952	1184	73	,	,	PUNCT
cblr-2952	1184	74	hedge	hedge	NOUN
cblr-2952	1184	75	funds	fund	NOUN
cblr-2952	1184	76	can	can	AUX
cblr-2952	1184	77	potentially	potentially	ADV
cblr-2952	1184	78	reduce	reduce	VERB
cblr-2952	1184	79	an	an	DET
cblr-2952	1184	80	investor	investor	NOUN
cblr-2952	1184	81	's	's	PART
cblr-2952	1184	82	susceptibility	susceptibility	NOUN
cblr-2952	1184	83	to	to	ADP
cblr-2952	1184	84	market	market	NOUN
cblr-2952	1184	85	-	-	PUNCT
cblr-2952	1184	86	wide	wide	ADJ
cblr-2952	1184	87	risk	risk	NOUN
cblr-2952	1184	88	thereby	thereby	ADV
cblr-2952	1184	89	lowering	lower	VERB
cblr-2952	1184	90	overall	overall	ADJ
cblr-2952	1184	91	risk	risk	NOUN
cblr-2952	1184	92	exposure	exposure	NOUN
cblr-2952	1184	93	.	.	PUNCT
cblr-2952	1185	1	hedge	hedge	NOUN
cblr-2952	1185	2	funds	fund	NOUN
cblr-2952	1185	3	still	still	ADV
cblr-2952	1185	4	have	have	VERB
cblr-2952	1185	5	their	their	PRON
cblr-2952	1185	6	own	own	ADJ
cblr-2952	1185	7	individualized	individualized	ADJ
cblr-2952	1185	8	and	and	CCONJ
cblr-2952	1185	9	unique	unique	ADJ
cblr-2952	1185	10	risk	risk	NOUN
cblr-2952	1185	11	properties	property	NOUN
cblr-2952	1185	12	.	.	PUNCT
cblr-2952	1186	1	hedge	hedge	NOUN
cblr-2952	1186	2	funds	fund	NOUN
cblr-2952	1186	3	can	can	AUX
cblr-2952	1186	4	invest	invest	VERB
cblr-2952	1186	5	in	in	ADP
cblr-2952	1186	6	illiquid	illiquid	ADJ
cblr-2952	1186	7	securities	security	NOUN
cblr-2952	1186	8	,	,	PUNCT
cblr-2952	1186	9	making	make	VERB
cblr-2952	1186	10	valuation	valuation	NOUN
cblr-2952	1186	11	difficult	difficult	ADJ
cblr-2952	1186	12	and	and	CCONJ
cblr-2952	1186	13	posing	pose	VERB
cblr-2952	1186	14	liquidity	liquidity	NOUN
cblr-2952	1186	15	is259	is259	NOUN
cblr-2952	1186	16	this	this	DET
cblr-2952	1186	17	chart	chart	NOUN
cblr-2952	1186	18	is	be	AUX
cblr-2952	1186	19	taken	take	VERB
cblr-2952	1186	20	from	from	ADP
cblr-2952	1186	21	fung	fung	PROPN
cblr-2952	1186	22	&	&	CCONJ
cblr-2952	1186	23	hsieh	hsieh	PROPN
cblr-2952	1186	24	,	,	PUNCT
cblr-2952	1186	25	supra	supra	PROPN
cblr-2952	1186	26	note	note	PROPN
cblr-2952	1186	27	77	77	NUM
cblr-2952	1186	28	,	,	PUNCT
cblr-2952	1186	29	at	at	ADP
cblr-2952	1186	30	8	8	NUM
cblr-2952	1186	31	.	.	PUNCT
cblr-2952	1187	1	this	this	DET
cblr-2952	1187	2	chart	chart	NOUN
cblr-2952	1187	3	also	also	ADV
cblr-2952	1187	4	appears	appear	VERB
cblr-2952	1187	5	in	in	ADP
cblr-2952	1187	6	houman	houman	PROPN
cblr-2952	1187	7	b.	b.	PROPN
cblr-2952	1187	8	shadab	shadab	PROPN
cblr-2952	1187	9	,	,	PUNCT
cblr-2952	1187	10	fending	fend	VERB
cblr-2952	1187	11	for	for	ADP
cblr-2952	1187	12	themselves	themselves	PRON
cblr-2952	1187	13	:	:	PUNCT
cblr-2952	1187	14	regulatory	regulatory	ADJ
cblr-2952	1187	15	reform	reform	NOUN
cblr-2952	1187	16	to	to	PART
cblr-2952	1187	17	create	create	VERB
cblr-2952	1187	18	a	a	DET
cblr-2952	1187	19	u.s	u.s	PROPN
cblr-2952	1187	20	.	.	PROPN
cblr-2952	1187	21	hedge	hedge	PROPN
cblr-2952	1187	22	fund	fund	NOUN
cblr-2952	1187	23	market	market	NOUN
cblr-2952	1187	24	for	for	ADP
cblr-2952	1187	25	retail	retail	ADJ
cblr-2952	1187	26	investors	investor	NOUN
cblr-2952	1187	27	,	,	PUNCT
cblr-2952	1187	28	11	11	NUM
cblr-2952	1187	29	n.y.u	n.y.u	VERB
cblr-2952	1187	30	j.	j.	PROPN
cblr-2952	1187	31	legis	legis	PROPN
cblr-2952	1187	32	.	.	PUNCT
cblr-2952	1188	1	&	&	CCONJ
cblr-2952	1189	1	pub	pub	NOUN
cblr-2952	1189	2	.	.	PUNCT
cblr-2952	1190	1	pol'y	pol'y	NOUN
cblr-2952	1190	2	(	(	PUNCT
cblr-2952	1190	3	forthcoming	forthcoming	ADJ
cblr-2952	1190	4	2008	2008	NUM
cblr-2952	1190	5	)	)	PUNCT
cblr-2952	1190	6	.	.	PUNCT
cblr-2952	1191	1	260	260	NUM
cblr-2952	1191	2	this	this	PRON
cblr-2952	1191	3	is	be	AUX
cblr-2952	1191	4	also	also	ADV
cblr-2952	1191	5	illustrated	illustrate	VERB
cblr-2952	1191	6	by	by	ADP
cblr-2952	1191	7	chart	chart	NOUN
cblr-2952	1191	8	1d	1d	NUM
cblr-2952	1191	9	,	,	PUNCT
cblr-2952	1191	10	supra	supra	PROPN
cblr-2952	1191	11	part	part	PROPN
cblr-2952	1191	12	i.b	i.b	PROPN
cblr-2952	1191	13	.	.	PROPN
cblr-2952	1191	14	,	,	PUNCT
cblr-2952	1191	15	which	which	PRON
cblr-2952	1191	16	shows	show	VERB
cblr-2952	1191	17	that	that	SCONJ
cblr-2952	1191	18	hedge	hedge	NOUN
cblr-2952	1191	19	funds	fund	NOUN
cblr-2952	1191	20	can	can	AUX
cblr-2952	1191	21	obtain	obtain	VERB
cblr-2952	1191	22	positive	positive	ADJ
cblr-2952	1191	23	returns	return	NOUN
cblr-2952	1191	24	even	even	ADV
cblr-2952	1191	25	in	in	ADP
cblr-2952	1191	26	times	time	NOUN
cblr-2952	1191	27	of	of	ADP
cblr-2952	1191	28	declining	decline	VERB
cblr-2952	1191	29	public	public	ADJ
cblr-2952	1191	30	market	market	NOUN
cblr-2952	1191	31	returns	return	NOUN
cblr-2952	1191	32	.	.	PUNCT
cblr-2952	1192	1	211	211	NUM
cblr-2952	1192	2	see	see	VERB
cblr-2952	1192	3	supra	supra	PROPN
cblr-2952	1192	4	part	part	PROPN
cblr-2952	1192	5	i.b	i.b	PROPN
cblr-2952	1192	6	.	.	PROPN
cblr-2952	1192	7	for	for	ADP
cblr-2952	1192	8	a	a	DET
cblr-2952	1192	9	further	further	ADJ
cblr-2952	1192	10	discussion	discussion	NOUN
cblr-2952	1192	11	of	of	ADP
cblr-2952	1192	12	these	these	DET
cblr-2952	1192	13	properties	property	NOUN
cblr-2952	1192	14	.	.	PUNCT
cblr-2952	1193	1	[	[	X
cblr-2952	1193	2	vol	vol	NOUN
cblr-2952	1193	3	.	.	NOUN
cblr-2952	1193	4	2008	2008	NUM
cblr-2952	1193	5	black	black	ADJ
cblr-2952	1193	6	market	market	NOUN
cblr-2952	1193	7	capital	capital	NOUN
cblr-2952	1193	8	sues	sue	NOUN
cblr-2952	1193	9	when	when	SCONJ
cblr-2952	1193	10	they	they	PRON
cblr-2952	1193	11	utilize	utilize	VERB
cblr-2952	1193	12	short	short	ADJ
cblr-2952	1193	13	-	-	PUNCT
cblr-2952	1193	14	term	term	NOUN
cblr-2952	1193	15	financing	financing	NOUN
cblr-2952	1193	16	to	to	PART
cblr-2952	1193	17	make	make	VERB
cblr-2952	1193	18	such	such	ADJ
cblr-2952	1193	19	purchases	purchase	NOUN
cblr-2952	1193	20	.	.	PUNCT
cblr-2952	1194	1	"2	"2	PROPN
cblr-2952	1194	2	hedge	hedge	NOUN
cblr-2952	1194	3	funds	fund	NOUN
cblr-2952	1194	4	appear	appear	VERB
cblr-2952	1194	5	to	to	PART
cblr-2952	1194	6	have	have	VERB
cblr-2952	1194	7	other	other	ADJ
cblr-2952	1194	8	adverse	adverse	ADJ
cblr-2952	1194	9	investing	investing	NOUN
cblr-2952	1194	10	properties	property	NOUN
cblr-2952	1194	11	such	such	ADJ
cblr-2952	1194	12	as	as	ADP
cblr-2952	1194	13	increased	increase	VERB
cblr-2952	1194	14	market	market	NOUN
cblr-2952	1194	15	correlation	correlation	NOUN
cblr-2952	1194	16	during	during	ADP
cblr-2952	1194	17	market	market	NOUN
cblr-2952	1194	18	downturns	downturn	NOUN
cblr-2952	1194	19	,	,	PUNCT
cblr-2952	1194	20	and	and	CCONJ
cblr-2952	1194	21	the	the	DET
cblr-2952	1194	22	possibility	possibility	NOUN
cblr-2952	1194	23	of	of	ADP
cblr-2952	1194	24	contagion	contagion	NOUN
cblr-2952	1194	25	-	-	PUNCT
cblr-2952	1194	26	poor	poor	ADJ
cblr-2952	1194	27	performance	performance	NOUN
cblr-2952	1194	28	in	in	ADP
cblr-2952	1194	29	certain	certain	ADJ
cblr-2952	1194	30	hedge	hedge	NOUN
cblr-2952	1194	31	fund	fund	NOUN
cblr-2952	1194	32	strategies	strategy	NOUN
cblr-2952	1194	33	affecting	affect	VERB
cblr-2952	1194	34	other	other	ADJ
cblr-2952	1194	35	classes	class	NOUN
cblr-2952	1194	36	of	of	ADP
cblr-2952	1194	37	hedge	hedge	NOUN
cblr-2952	1194	38	fund.2	fund.2	NOUN
cblr-2952	1194	39	"	"	PUNCT
cblr-2952	1194	40	there	there	PRON
cblr-2952	1194	41	is	be	VERB
cblr-2952	1194	42	also	also	ADV
cblr-2952	1194	43	the	the	DET
cblr-2952	1194	44	possibility	possibility	NOUN
cblr-2952	1194	45	for	for	ADP
cblr-2952	1194	46	increased	increase	VERB
cblr-2952	1194	47	risk	risk	NOUN
cblr-2952	1194	48	-	-	PUNCT
cblr-2952	1194	49	taking	taking	NOUN
cblr-2952	1194	50	as	as	ADV
cblr-2952	1194	51	additional	additional	ADJ
cblr-2952	1194	52	hedge	hedge	NOUN
cblr-2952	1194	53	funds	fund	NOUN
cblr-2952	1194	54	enter	enter	VERB
cblr-2952	1194	55	the	the	DET
cblr-2952	1194	56	market	market	NOUN
cblr-2952	1194	57	as	as	ADV
cblr-2952	1194	58	well	well	ADV
cblr-2952	1194	59	as	as	ADP
cblr-2952	1194	60	cataclysmic	cataclysmic	ADJ
cblr-2952	1194	61	loss	loss	NOUN
cblr-2952	1194	62	events	event	NOUN
cblr-2952	1194	63	generally	generally	ADV
cblr-2952	1194	64	.	.	PUNCT
cblr-2952	1194	65	"	"	PUNCT
cblr-2952	1195	1	but	but	CCONJ
cblr-2952	1195	2	the	the	DET
cblr-2952	1195	3	risk	risk	NOUN
cblr-2952	1195	4	of	of	ADP
cblr-2952	1195	5	a	a	DET
cblr-2952	1195	6	singular	singular	ADJ
cblr-2952	1195	7	hedge	hedge	NOUN
cblr-2952	1195	8	fund	fund	PROPN
cblr-2952	1195	9	implosion	implosion	NOUN
cblr-2952	1195	10	appears	appear	VERB
cblr-2952	1195	11	to	to	PART
cblr-2952	1195	12	be	be	AUX
cblr-2952	1195	13	popularly	popularly	ADV
cblr-2952	1195	14	over	over	ADV
cblr-2952	1195	15	-	-	PUNCT
cblr-2952	1195	16	estimated	estimate	VERB
cblr-2952	1195	17	,	,	PUNCT
cblr-2952	1195	18	a	a	DET
cblr-2952	1195	19	possible	possible	ADJ
cblr-2952	1195	20	product	product	NOUN
cblr-2952	1195	21	of	of	ADP
cblr-2952	1195	22	the	the	DET
cblr-2952	1195	23	availability	availability	NOUN
cblr-2952	1195	24	heuristic.265	heuristic.265	NOUN
cblr-2952	1195	25	long	long	ADJ
cblr-2952	1195	26	-	-	PUNCT
cblr-2952	1195	27	term	term	NOUN
cblr-2952	1195	28	capital	capital	NOUN
cblr-2952	1195	29	management	management	NOUN
cblr-2952	1195	30	collapsed	collapse	VERB
cblr-2952	1195	31	in	in	ADP
cblr-2952	1195	32	1998	1998	NUM
cblr-2952	1195	33	and	and	CCONJ
cblr-2952	1195	34	amaranth	amaranth	NOUN
cblr-2952	1195	35	in	in	ADP
cblr-2952	1195	36	2004	2004	NUM
cblr-2952	1195	37	,	,	PUNCT
cblr-2952	1195	38	and	and	CCONJ
cblr-2952	1195	39	these	these	PRON
cblr-2952	1195	40	are	be	AUX
cblr-2952	1195	41	the	the	DET
cblr-2952	1195	42	two	two	NUM
cblr-2952	1195	43	most	most	ADV
cblr-2952	1195	44	often	often	ADV
cblr-2952	1195	45	cited	cite	VERB
cblr-2952	1195	46	examples.266	examples.266	NOUN
cblr-2952	1195	47	yet	yet	ADV
cblr-2952	1195	48	,	,	PUNCT
cblr-2952	1195	49	in	in	ADP
cblr-2952	1195	50	both	both	DET
cblr-2952	1195	51	cases	case	NOUN
cblr-2952	1195	52	investors	investor	NOUN
cblr-2952	1195	53	received	receive	VERB
cblr-2952	1195	54	a	a	DET
cblr-2952	1195	55	measure	measure	NOUN
cblr-2952	1195	56	of	of	ADP
cblr-2952	1195	57	their	their	PRON
cblr-2952	1195	58	capital	capital	NOUN
cblr-2952	1195	59	back.67	back.67	NOUN
cblr-2952	1195	60	compare	compare	VERB
cblr-2952	1195	61	this	this	PRON
cblr-2952	1195	62	with	with	ADP
cblr-2952	1195	63	a	a	DET
cblr-2952	1195	64	public	public	ADJ
cblr-2952	1195	65	company	company	NOUN
cblr-2952	1195	66	failure	failure	NOUN
cblr-2952	1195	67	where	where	SCONJ
cblr-2952	1195	68	equity	equity	NOUN
cblr-2952	1195	69	investors	investor	NOUN
cblr-2952	1195	70	typically	typically	ADV
cblr-2952	1195	71	receive	receive	VERB
cblr-2952	1195	72	nothing	nothing	PRON
cblr-2952	1195	73	.	.	PUNCT
cblr-2952	1196	1	moreover	moreover	ADV
cblr-2952	1196	2	,	,	PUNCT
cblr-2952	1196	3	even	even	ADV
cblr-2952	1196	4	during	during	ADP
cblr-2952	1196	5	the	the	DET
cblr-2952	1196	6	severe	severe	ADJ
cblr-2952	1196	7	market	market	NOUN
cblr-2952	1196	8	distress	distress	NOUN
cblr-2952	1196	9	of	of	ADP
cblr-2952	1196	10	august	august	PROPN
cblr-2952	1196	11	2007	2007	NUM
cblr-2952	1196	12	,	,	PUNCT
cblr-2952	1196	13	the	the	DET
cblr-2952	1196	14	hedge	hedge	NOUN
cblr-2952	1196	15	fund	fund	NOUN
cblr-2952	1196	16	failure	failure	NOUN
cblr-2952	1196	17	rate	rate	NOUN
cblr-2952	1196	18	due	due	ADP
cblr-2952	1196	19	to	to	ADP
cblr-2952	1196	20	cataclys262	cataclys262	PROPN
cblr-2952	1196	21	see	see	VERB
cblr-2952	1196	22	john	john	PROPN
cblr-2952	1196	23	kambhu	kambhu	VERB
cblr-2952	1196	24	et	et	PROPN
cblr-2952	1196	25	al	al	PROPN
cblr-2952	1196	26	.	.	PROPN
cblr-2952	1196	27	,	,	PUNCT
cblr-2952	1196	28	hedge	hedge	NOUN
cblr-2952	1196	29	funds	fund	NOUN
cblr-2952	1196	30	,	,	PUNCT
cblr-2952	1196	31	financial	financial	ADJ
cblr-2952	1196	32	intermediation	intermediation	NOUN
cblr-2952	1196	33	,	,	PUNCT
cblr-2952	1196	34	and	and	CCONJ
cblr-2952	1196	35	systemic	systemic	ADJ
cblr-2952	1196	36	risk	risk	NOUN
cblr-2952	1196	37	,	,	PUNCT
cblr-2952	1196	38	frbny	frbny	PROPN
cblr-2952	1196	39	econ	econ	PROPN
cblr-2952	1196	40	.	.	PUNCT
cblr-2952	1197	1	pol	pol	PROPN
cblr-2952	1197	2	.	.	PUNCT
cblr-2952	1198	1	rev	rev	PROPN
cblr-2952	1198	2	.	.	PUNCT
cblr-2952	1199	1	at	at	ADP
cblr-2952	1199	2	8	8	NUM
cblr-2952	1199	3	(	(	PUNCT
cblr-2952	1199	4	dec	dec	PROPN
cblr-2952	1199	5	.	.	PROPN
cblr-2952	1199	6	2007	2007	NUM
cblr-2952	1199	7	)	)	PUNCT
cblr-2952	1199	8	.	.	PUNCT
cblr-2952	1200	1	21	21	NUM
cblr-2952	1200	2	see	see	VERB
cblr-2952	1200	3	inter	inter	PROPN
cblr-2952	1200	4	alia	alia	PROPN
cblr-2952	1200	5	nicole	nicole	PROPN
cblr-2952	1200	6	m.	m.	PROPN
cblr-2952	1200	7	boyson	boyson	PROPN
cblr-2952	1200	8	et	et	PROPN
cblr-2952	1200	9	al	al	PROPN
cblr-2952	1200	10	.	.	PROPN
cblr-2952	1200	11	,	,	PUNCT
cblr-2952	1200	12	is	be	AUX
cblr-2952	1200	13	there	there	PRON
cblr-2952	1200	14	hedge	hedge	NOUN
cblr-2952	1200	15	fund	fund	NOUN
cblr-2952	1200	16	contagion	contagion	NOUN
cblr-2952	1200	17	?	?	PUNCT
cblr-2952	1201	1	(	(	PUNCT
cblr-2952	1201	2	mar	mar	PROPN
cblr-2952	1201	3	.	.	PROPN
cblr-2952	1201	4	13	13	NUM
cblr-2952	1201	5	,	,	PUNCT
cblr-2952	1201	6	2007	2007	NUM
cblr-2952	1201	7	)	)	PUNCT
cblr-2952	1201	8	(	(	PUNCT
cblr-2952	1201	9	finding	find	VERB
cblr-2952	1201	10	evidence	evidence	NOUN
cblr-2952	1201	11	that	that	SCONJ
cblr-2952	1201	12	hedge	hedge	NOUN
cblr-2952	1201	13	fund	fund	NOUN
cblr-2952	1201	14	styles	style	NOUN
cblr-2952	1201	15	can	can	AUX
cblr-2952	1201	16	be	be	AUX
cblr-2952	1201	17	subject	subject	ADJ
cblr-2952	1201	18	to	to	ADP
cblr-2952	1201	19	contagion	contagion	NOUN
cblr-2952	1201	20	)	)	PUNCT
cblr-2952	1201	21	,	,	PUNCT
cblr-2952	1201	22	available	available	ADJ
cblr-2952	1201	23	at	at	ADP
cblr-2952	1201	24	http://ssrn.com/abstract=884202	http://ssrn.com/abstract=884202	NOUN
cblr-2952	1201	25	;	;	PUNCT
cblr-2952	1201	26	andreas	andreas	PROPN
cblr-2952	1201	27	signer	signer	PROPN
cblr-2952	1201	28	&	&	CCONJ
cblr-2952	1201	29	laurent	laurent	PROPN
cblr-2952	1201	30	favre	favre	PROPN
cblr-2952	1201	31	,	,	PUNCT
cblr-2952	1201	32	the	the	DET
cblr-2952	1201	33	difficulties	difficulty	NOUN
cblr-2952	1201	34	in	in	ADP
cblr-2952	1201	35	measuring	measure	VERB
cblr-2952	1201	36	the	the	DET
cblr-2952	1201	37	benefits	benefit	NOUN
cblr-2952	1201	38	of	of	ADP
cblr-2952	1201	39	hedge	hedge	NOUN
cblr-2952	1201	40	funds	fund	NOUN
cblr-2952	1201	41	,	,	PUNCT
cblr-2952	1201	42	5(1	5(1	NUM
cblr-2952	1201	43	)	)	PUNCT
cblr-2952	1201	44	j.	j.	PROPN
cblr-2952	1201	45	alt	alt	PROPN
cblr-2952	1201	46	.	.	PUNCT
cblr-2952	1202	1	inv	inv	VERB
cblr-2952	1202	2	.	.	PUNCT
cblr-2952	1203	1	(	(	PUNCT
cblr-2952	1203	2	2002	2002	NUM
cblr-2952	1203	3	)	)	PUNCT
cblr-2952	1203	4	(	(	PUNCT
cblr-2952	1203	5	observing	observe	VERB
cblr-2952	1203	6	that	that	SCONJ
cblr-2952	1203	7	the	the	DET
cblr-2952	1203	8	"	"	PUNCT
cblr-2952	1203	9	return	return	NOUN
cblr-2952	1203	10	distributions	distribution	NOUN
cblr-2952	1203	11	of	of	ADP
cblr-2952	1203	12	hedge	hedge	NOUN
cblr-2952	1203	13	funds	fund	NOUN
cblr-2952	1203	14	frequently	frequently	ADV
cblr-2952	1203	15	exhibit	exhibit	VERB
cblr-2952	1203	16	negative	negative	ADJ
cblr-2952	1203	17	skewness	skewness	NOUN
cblr-2952	1203	18	and	and	CCONJ
cblr-2952	1203	19	positive	positive	ADJ
cblr-2952	1203	20	kurtosis	kurtosis	NOUN
cblr-2952	1203	21	,	,	PUNCT
cblr-2952	1203	22	"	"	PUNCT
cblr-2952	1203	23	indicating	indicate	VERB
cblr-2952	1203	24	a	a	DET
cblr-2952	1203	25	higher	high	ADJ
cblr-2952	1203	26	likelihood	likelihood	NOUN
cblr-2952	1203	27	of	of	ADP
cblr-2952	1203	28	extreme	extreme	ADJ
cblr-2952	1203	29	returns	return	NOUN
cblr-2952	1203	30	)	)	PUNCT
cblr-2952	1203	31	.	.	PUNCT
cblr-2952	1204	1	for	for	ADP
cblr-2952	1204	2	an	an	DET
cblr-2952	1204	3	excellent	excellent	ADJ
cblr-2952	1204	4	summary	summary	NOUN
cblr-2952	1204	5	of	of	ADP
cblr-2952	1204	6	these	these	DET
cblr-2952	1204	7	risks	risk	NOUN
cblr-2952	1204	8	and	and	CCONJ
cblr-2952	1204	9	a	a	DET
cblr-2952	1204	10	survey	survey	NOUN
cblr-2952	1204	11	of	of	ADP
cblr-2952	1204	12	the	the	DET
cblr-2952	1204	13	academic	academic	ADJ
cblr-2952	1204	14	literature	literature	NOUN
cblr-2952	1204	15	relating	relate	VERB
cblr-2952	1204	16	to	to	ADP
cblr-2952	1204	17	them	they	PRON
cblr-2952	1204	18	,	,	PUNCT
cblr-2952	1204	19	see	see	VERB
cblr-2952	1204	20	shadab	shadab	ADV
cblr-2952	1204	21	,	,	PUNCT
cblr-2952	1204	22	supra	supra	PROPN
cblr-2952	1204	23	note	note	NOUN
cblr-2952	1204	24	259	259	NUM
cblr-2952	1204	25	,	,	PUNCT
cblr-2952	1204	26	at	at	ADP
cblr-2952	1204	27	9	9	NUM
cblr-2952	1204	28	-	-	SYM
cblr-2952	1204	29	10	10	NUM
cblr-2952	1204	30	.	.	PUNCT
cblr-2952	1205	1	26	26	NUM
cblr-2952	1205	2	see	see	VERB
cblr-2952	1205	3	fung	fung	PROPN
cblr-2952	1205	4	et	et	PROPN
cblr-2952	1205	5	al	al	PROPN
cblr-2952	1205	6	.	.	PROPN
cblr-2952	1205	7	,	,	PUNCT
cblr-2952	1205	8	supra	supra	PROPN
cblr-2952	1205	9	note	note	NOUN
cblr-2952	1205	10	74	74	NUM
cblr-2952	1205	11	,	,	PUNCT
cblr-2952	1205	12	at	at	ADP
cblr-2952	1205	13	4	4	NUM
cblr-2952	1205	14	(	(	PUNCT
cblr-2952	1205	15	"	"	PUNCT
cblr-2952	1205	16	faced	face	VERB
cblr-2952	1205	17	with	with	ADP
cblr-2952	1205	18	a	a	DET
cblr-2952	1205	19	huge	huge	ADJ
cblr-2952	1205	20	influx	influx	NOUN
cblr-2952	1205	21	of	of	ADP
cblr-2952	1205	22	capital	capital	NOUN
cblr-2952	1205	23	,	,	PUNCT
cblr-2952	1205	24	it	it	PRON
cblr-2952	1205	25	is	be	AUX
cblr-2952	1205	26	conceivable	conceivable	ADJ
cblr-2952	1205	27	that	that	SCONJ
cblr-2952	1205	28	hedge	hedge	NOUN
cblr-2952	1205	29	fund	fund	NOUN
cblr-2952	1205	30	managers	manager	NOUN
cblr-2952	1205	31	will	will	AUX
cblr-2952	1205	32	attempt	attempt	VERB
cblr-2952	1205	33	to	to	PART
cblr-2952	1205	34	generate	generate	VERB
cblr-2952	1205	35	returns	return	NOUN
cblr-2952	1205	36	by	by	ADP
cblr-2952	1205	37	taking	take	VERB
cblr-2952	1205	38	on	on	ADP
cblr-2952	1205	39	more	more	ADJ
cblr-2952	1205	40	beta	beta	NOUN
cblr-2952	1205	41	bets	bet	NOUN
cblr-2952	1205	42	unless	unless	SCONJ
cblr-2952	1205	43	there	there	PRON
cblr-2952	1205	44	is	be	VERB
cblr-2952	1205	45	a	a	DET
cblr-2952	1205	46	change	change	NOUN
cblr-2952	1205	47	in	in	ADP
cblr-2952	1205	48	the	the	DET
cblr-2952	1205	49	contract	contract	NOUN
cblr-2952	1205	50	structure	structure	NOUN
cblr-2952	1205	51	.	.	PUNCT
cblr-2952	1205	52	"	"	PUNCT
cblr-2952	1205	53	)	)	PUNCT
cblr-2952	1205	54	.	.	PUNCT
cblr-2952	1206	1	26	26	NUM
cblr-2952	1207	1	the	the	DET
cblr-2952	1207	2	availability	availability	NOUN
cblr-2952	1207	3	heuristic	heuristic	NOUN
cblr-2952	1207	4	is	be	AUX
cblr-2952	1207	5	a	a	DET
cblr-2952	1207	6	cognitive	cognitive	ADJ
cblr-2952	1207	7	bias	bias	NOUN
cblr-2952	1207	8	of	of	ADP
cblr-2952	1207	9	individuals	individual	NOUN
cblr-2952	1207	10	to	to	PART
cblr-2952	1207	11	premise	premise	VERB
cblr-2952	1207	12	the	the	DET
cblr-2952	1207	13	frequency	frequency	NOUN
cblr-2952	1207	14	of	of	ADP
cblr-2952	1207	15	events	event	NOUN
cblr-2952	1207	16	based	base	VERB
cblr-2952	1207	17	on	on	ADP
cblr-2952	1207	18	recent	recent	ADJ
cblr-2952	1207	19	or	or	CCONJ
cblr-2952	1207	20	prominent	prominent	ADJ
cblr-2952	1207	21	occurrences	occurrence	NOUN
cblr-2952	1207	22	.	.	PUNCT
cblr-2952	1208	1	26	26	NUM
cblr-2952	1208	2	see	see	VERB
cblr-2952	1208	3	supra	supra	PROPN
cblr-2952	1208	4	notes	note	VERB
cblr-2952	1208	5	87	87	NUM
cblr-2952	1208	6	,	,	PUNCT
cblr-2952	1208	7	224	224	NUM
cblr-2952	1208	8	.	.	PUNCT
cblr-2952	1209	1	267	267	NUM
cblr-2952	1209	2	see	see	VERB
cblr-2952	1209	3	supra	supra	PROPN
cblr-2952	1209	4	note	note	PROPN
cblr-2952	1209	5	224	224	NUM
cblr-2952	1209	6	.	.	PUNCT
cblr-2952	1210	1	investors	investor	NOUN
cblr-2952	1210	2	in	in	ADP
cblr-2952	1210	3	long	long	ADJ
cblr-2952	1210	4	-	-	PUNCT
cblr-2952	1210	5	term	term	NOUN
cblr-2952	1210	6	capital	capital	NOUN
cblr-2952	1210	7	management	management	NOUN
cblr-2952	1210	8	were	be	AUX
cblr-2952	1210	9	returned	return	VERB
cblr-2952	1210	10	ten	ten	NUM
cblr-2952	1210	11	percent	percent	NOUN
cblr-2952	1210	12	of	of	ADP
cblr-2952	1210	13	their	their	PRON
cblr-2952	1210	14	invested	invest	VERB
cblr-2952	1210	15	capital	capital	NOUN
cblr-2952	1210	16	.	.	PUNCT
cblr-2952	1211	1	see	see	VERB
cblr-2952	1211	2	nicholas	nicholas	PROPN
cblr-2952	1211	3	dunbar	dunbar	PROPN
cblr-2952	1211	4	,	,	PUNCT
cblr-2952	1211	5	inventing	invent	VERB
cblr-2952	1211	6	money	money	NOUN
cblr-2952	1211	7	:	:	PUNCT
cblr-2952	1211	8	the	the	DET
cblr-2952	1211	9	story	story	NOUN
cblr-2952	1211	10	of	of	ADP
cblr-2952	1211	11	long	long	ADJ
cblr-2952	1211	12	-	-	PUNCT
cblr-2952	1211	13	term	term	NOUN
cblr-2952	1211	14	capital	capital	NOUN
cblr-2952	1211	15	management	management	NOUN
cblr-2952	1211	16	and	and	CCONJ
cblr-2952	1211	17	the	the	DET
cblr-2952	1211	18	legends	legend	NOUN
cblr-2952	1211	19	behind	behind	ADP
cblr-2952	1211	20	it	it	PRON
cblr-2952	1211	21	,	,	PUNCT
cblr-2952	1211	22	223	223	NUM
cblr-2952	1211	23	(	(	PUNCT
cblr-2952	1211	24	2001	2001	NUM
cblr-2952	1211	25	)	)	PUNCT
cblr-2952	1211	26	.	.	PUNCT
cblr-2952	1212	1	no	no	INTJ
cblr-2952	1212	2	.	.	NOUN
cblr-2952	1213	1	1	1	NUM
cblr-2952	1213	2	:	:	SYM
cblr-2952	1213	3	172	172	NUM
cblr-2952	1213	4	]	]	PUNCT
cblr-2952	1213	5	columbia	columbia	PROPN
cblr-2952	1213	6	business	business	PROPN
cblr-2952	1213	7	law	law	PROPN
cblr-2952	1213	8	review	review	VERB
cblr-2952	1213	9	mic	mic	ADJ
cblr-2952	1213	10	events	event	NOUN
cblr-2952	1213	11	still	still	ADV
cblr-2952	1213	12	appeared	appear	VERB
cblr-2952	1213	13	to	to	PART
cblr-2952	1213	14	be	be	AUX
cblr-2952	1213	15	below	below	ADP
cblr-2952	1213	16	the	the	DET
cblr-2952	1213	17	public	public	ADJ
cblr-2952	1213	18	company	company	NOUN
cblr-2952	1213	19	rate.26	rate.26	VERB
cblr-2952	1213	20	analysis	analysis	NOUN
cblr-2952	1213	21	of	of	ADP
cblr-2952	1213	22	hedge	hedge	NOUN
cblr-2952	1213	23	fund	fund	NOUN
cblr-2952	1213	24	failure	failure	NOUN
cblr-2952	1213	25	has	have	AUX
cblr-2952	1213	26	found	find	VERB
cblr-2952	1213	27	that	that	SCONJ
cblr-2952	1213	28	the	the	DET
cblr-2952	1213	29	majority	majority	NOUN
cblr-2952	1213	30	occur	occur	VERB
cblr-2952	1213	31	due	due	ADJ
cblr-2952	1213	32	to	to	ADP
cblr-2952	1213	33	operational	operational	ADJ
cblr-2952	1213	34	difficulties	difficulty	NOUN
cblr-2952	1213	35	similar	similar	ADJ
cblr-2952	1213	36	to	to	ADP
cblr-2952	1213	37	those	those	PRON
cblr-2952	1213	38	of	of	ADP
cblr-2952	1213	39	public	public	ADJ
cblr-2952	1213	40	companies	company	NOUN
cblr-2952	1213	41	rather	rather	ADV
cblr-2952	1213	42	than	than	ADP
cblr-2952	1213	43	poor	poor	ADJ
cblr-2952	1213	44	investment	investment	NOUN
cblr-2952	1213	45	performance.269	performance.269	NOUN
cblr-2952	1213	46	the	the	DET
cblr-2952	1213	47	latter	latter	ADJ
cblr-2952	1213	48	class	class	NOUN
cblr-2952	1213	49	of	of	ADP
cblr-2952	1213	50	hedge	hedge	NOUN
cblr-2952	1213	51	funds	fund	NOUN
cblr-2952	1213	52	have	have	AUX
cblr-2952	1213	53	almost	almost	ADV
cblr-2952	1213	54	all	all	PRON
cblr-2952	1213	55	terminated	terminate	VERB
cblr-2952	1213	56	operations	operation	NOUN
cblr-2952	1213	57	through	through	ADP
cblr-2952	1213	58	a	a	DET
cblr-2952	1213	59	run	run	NOUN
cblr-2952	1213	60	-	-	PUNCT
cblr-2952	1213	61	off	off	NOUN
cblr-2952	1213	62	of	of	ADP
cblr-2952	1213	63	the	the	DET
cblr-2952	1213	64	fund	fund	NOUN
cblr-2952	1213	65	in	in	ADP
cblr-2952	1213	66	a	a	DET
cblr-2952	1213	67	natural	natural	ADJ
cblr-2952	1213	68	closure	closure	NOUN
cblr-2952	1213	69	process	process	NOUN
cblr-2952	1213	70	rather	rather	ADV
cblr-2952	1213	71	than	than	ADP
cblr-2952	1213	72	because	because	SCONJ
cblr-2952	1213	73	of	of	ADP
cblr-2952	1213	74	cataclysmic	cataclysmic	ADJ
cblr-2952	1213	75	investment	investment	NOUN
cblr-2952	1213	76	failure.27	failure.27	PROPN
cblr-2952	1213	77	°	°	ADP
cblr-2952	1214	1	the	the	DET
cblr-2952	1214	2	former	former	ADJ
cblr-2952	1214	3	problem	problem	NOUN
cblr-2952	1214	4	would	would	AUX
cblr-2952	1214	5	likely	likely	ADV
cblr-2952	1214	6	be	be	AUX
cblr-2952	1214	7	diminished	diminish	VERB
cblr-2952	1214	8	through	through	ADP
cblr-2952	1214	9	heightened	heighten	VERB
cblr-2952	1214	10	regulatory	regulatory	ADJ
cblr-2952	1214	11	supervision	supervision	NOUN
cblr-2952	1214	12	in	in	ADP
cblr-2952	1214	13	an	an	DET
cblr-2952	1214	14	open	open	ADJ
cblr-2952	1214	15	market	market	NOUN
cblr-2952	1214	16	solution	solution	NOUN
cblr-2952	1214	17	.	.	PUNCT
cblr-2952	1215	1	thus	thus	ADV
cblr-2952	1215	2	,	,	PUNCT
cblr-2952	1215	3	the	the	DET
cblr-2952	1215	4	individualized	individualized	ADJ
cblr-2952	1215	5	risk	risk	NOUN
cblr-2952	1215	6	benefits	benefit	NOUN
cblr-2952	1215	7	of	of	ADP
cblr-2952	1215	8	hedge	hedge	NOUN
cblr-2952	1215	9	funds	fund	NOUN
cblr-2952	1215	10	warrant	warrant	VERB
cblr-2952	1215	11	more	more	ADJ
cblr-2952	1215	12	study	study	NOUN
cblr-2952	1215	13	but	but	CCONJ
cblr-2952	1215	14	appear	appear	VERB
cblr-2952	1215	15	to	to	PART
cblr-2952	1215	16	offer	offer	VERB
cblr-2952	1215	17	promising	promising	ADJ
cblr-2952	1215	18	and	and	CCONJ
cblr-2952	1215	19	beneficial	beneficial	ADJ
cblr-2952	1215	20	opportunities	opportunity	NOUN
cblr-2952	1215	21	for	for	ADP
cblr-2952	1215	22	individual	individual	ADJ
cblr-2952	1215	23	investors	investor	NOUN
cblr-2952	1215	24	.	.	PUNCT
cblr-2952	1216	1	moreover	moreover	ADV
cblr-2952	1216	2	,	,	PUNCT
cblr-2952	1216	3	studies	study	NOUN
cblr-2952	1216	4	have	have	AUX
cblr-2952	1216	5	shown	show	VERB
cblr-2952	1216	6	that	that	SCONJ
cblr-2952	1216	7	hedge	hedge	NOUN
cblr-2952	1216	8	funds	fund	NOUN
cblr-2952	1216	9	are	be	AUX
cblr-2952	1216	10	improving	improve	VERB
cblr-2952	1216	11	their	their	PRON
cblr-2952	1216	12	riskmonitoring	riskmonitoring	NOUN
cblr-2952	1216	13	and	and	CCONJ
cblr-2952	1216	14	other	other	ADJ
cblr-2952	1216	15	self	self	NOUN
cblr-2952	1216	16	-	-	PUNCT
cblr-2952	1216	17	regulatory	regulatory	ADJ
cblr-2952	1216	18	criteria	criterion	NOUN
cblr-2952	1216	19	over	over	ADP
cblr-2952	1216	20	time.27	time.27	PROPN
cblr-2952	1216	21	'	'	PUNCT
cblr-2952	1216	22	this	this	PRON
cblr-2952	1216	23	is	be	AUX
cblr-2952	1216	24	particularly	particularly	ADV
cblr-2952	1216	25	true	true	ADJ
cblr-2952	1216	26	for	for	ADP
cblr-2952	1216	27	hedge	hedge	NOUN
cblr-2952	1216	28	funds	fund	NOUN
cblr-2952	1216	29	of	of	ADP
cblr-2952	1216	30	funds	fund	NOUN
cblr-2952	1216	31	which	which	PRON
cblr-2952	1216	32	mitigate	mitigate	VERB
cblr-2952	1216	33	much	much	ADJ
cblr-2952	1216	34	of	of	ADP
cblr-2952	1216	35	the	the	DET
cblr-2952	1216	36	individualized	individualized	ADJ
cblr-2952	1216	37	risk	risk	NOUN
cblr-2952	1216	38	of	of	ADP
cblr-2952	1216	39	hedge	hedge	NOUN
cblr-2952	1216	40	fund	fund	NOUN
cblr-2952	1216	41	failure	failure	NOUN
cblr-2952	1216	42	but	but	CCONJ
cblr-2952	1216	43	still	still	ADV
cblr-2952	1216	44	offer	offer	VERB
cblr-2952	1216	45	many	many	ADJ
cblr-2952	1216	46	of	of	ADP
cblr-2952	1216	47	the	the	DET
cblr-2952	1216	48	benefits	benefit	NOUN
cblr-2952	1216	49	of	of	ADP
cblr-2952	1216	50	hedge	hedge	NOUN
cblr-2952	1216	51	fund	fund	PROPN
cblr-2952	1216	52	investing.272	investing.272	PROPN
cblr-2952	1216	53	269	269	NUM
cblr-2952	1216	54	see	see	NOUN
cblr-2952	1216	55	infra	infra	NOUN
cblr-2952	1216	56	notes	note	VERB
cblr-2952	1216	57	292	292	NUM
cblr-2952	1216	58	-	-	SYM
cblr-2952	1216	59	295	295	NUM
cblr-2952	1216	60	and	and	CCONJ
cblr-2952	1216	61	accompanying	accompany	VERB
cblr-2952	1216	62	text	text	NOUN
cblr-2952	1216	63	.	.	PUNCT
cblr-2952	1217	1	269	269	NUM
cblr-2952	1217	2	see	see	VERB
cblr-2952	1217	3	stuart	stuart	PROPN
cblr-2952	1217	4	feffer	feffer	PROPN
cblr-2952	1217	5	&	&	CCONJ
cblr-2952	1217	6	christopher	christopher	PROPN
cblr-2952	1217	7	kundro	kundro	PROPN
cblr-2952	1217	8	,	,	PUNCT
cblr-2952	1217	9	understanding	understanding	NOUN
cblr-2952	1217	10	and	and	CCONJ
cblr-2952	1217	11	mitigating	mitigate	VERB
cblr-2952	1217	12	operational	operational	ADJ
cblr-2952	1217	13	risk	risk	NOUN
cblr-2952	1217	14	in	in	ADP
cblr-2952	1217	15	hedge	hedge	NOUN
cblr-2952	1217	16	fund	fund	NOUN
cblr-2952	1217	17	investments	investment	NOUN
cblr-2952	1217	18	,	,	PUNCT
cblr-2952	1217	19	capital	capital	NOUN
cblr-2952	1217	20	markets	market	NOUN
cblr-2952	1217	21	company	company	PROPN
cblr-2952	1217	22	ltd	ltd	PROPN
cblr-2952	1217	23	.	.	PROPN
cblr-2952	1217	24	(	(	PUNCT
cblr-2952	1217	25	2003	2003	NUM
cblr-2952	1217	26	)	)	PUNCT
cblr-2952	1217	27	(	(	PUNCT
cblr-2952	1217	28	"	"	PUNCT
cblr-2952	1217	29	54	54	NUM
cblr-2952	1217	30	%	%	NOUN
cblr-2952	1217	31	of	of	ADP
cblr-2952	1217	32	failed	fail	VERB
cblr-2952	1217	33	funds	fund	NOUN
cblr-2952	1217	34	had	have	VERB
cblr-2952	1217	35	identifiable	identifiable	ADJ
cblr-2952	1217	36	operational	operational	ADJ
cblr-2952	1217	37	issues	issue	NOUN
cblr-2952	1217	38	and	and	CCONJ
cblr-2952	1217	39	half	half	NOUN
cblr-2952	1217	40	of	of	ADP
cblr-2952	1217	41	all	all	DET
cblr-2952	1217	42	failures	failure	NOUN
cblr-2952	1217	43	could	could	AUX
cblr-2952	1217	44	be	be	AUX
cblr-2952	1217	45	attributed	attribute	VERB
cblr-2952	1217	46	to	to	ADP
cblr-2952	1217	47	operational	operational	ADJ
cblr-2952	1217	48	risk	risk	NOUN
cblr-2952	1217	49	alone	alone	ADV
cblr-2952	1217	50	.	.	PUNCT
cblr-2952	1217	51	"	"	PUNCT
cblr-2952	1217	52	)	)	PUNCT
cblr-2952	1217	53	.	.	PUNCT
cblr-2952	1218	1	270	270	NUM
cblr-2952	1218	2	the	the	DET
cblr-2952	1218	3	rate	rate	NOUN
cblr-2952	1218	4	is	be	AUX
cblr-2952	1218	5	uncertain	uncertain	ADJ
cblr-2952	1218	6	with	with	ADP
cblr-2952	1218	7	one	one	NUM
cblr-2952	1218	8	study	study	NOUN
cblr-2952	1218	9	finding	find	VERB
cblr-2952	1218	10	it	it	PRON
cblr-2952	1218	11	at	at	ADP
cblr-2952	1218	12	0.16	0.16	NUM
cblr-2952	1218	13	%	%	NOUN
cblr-2952	1218	14	per	per	ADP
cblr-2952	1218	15	year	year	NOUN
cblr-2952	1218	16	and	and	CCONJ
cblr-2952	1218	17	another	another	PRON
cblr-2952	1218	18	at	at	ADP
cblr-2952	1218	19	7.7	7.7	NUM
cblr-2952	1218	20	%	%	NOUN
cblr-2952	1218	21	per	per	ADP
cblr-2952	1218	22	year	year	NOUN
cblr-2952	1218	23	.	.	PUNCT
cblr-2952	1219	1	the	the	DET
cblr-2952	1219	2	majority	majority	NOUN
cblr-2952	1219	3	of	of	ADP
cblr-2952	1219	4	studies	study	NOUN
cblr-2952	1219	5	have	have	AUX
cblr-2952	1219	6	found	find	VERB
cblr-2952	1219	7	this	this	DET
cblr-2952	1219	8	rate	rate	NOUN
cblr-2952	1219	9	to	to	PART
cblr-2952	1219	10	be	be	AUX
cblr-2952	1219	11	in	in	ADP
cblr-2952	1219	12	the	the	DET
cblr-2952	1219	13	two	two	NUM
cblr-2952	1219	14	to	to	PART
cblr-2952	1219	15	four	four	NUM
cblr-2952	1219	16	percent	percent	NOUN
cblr-2952	1219	17	range	range	NOUN
cblr-2952	1219	18	per	per	ADP
cblr-2952	1219	19	year	year	NOUN
cblr-2952	1219	20	.	.	PUNCT
cblr-2952	1220	1	see	see	VERB
cblr-2952	1220	2	c.	c.	PROPN
cblr-2952	1220	3	ackermann	ackermann	PROPN
cblr-2952	1220	4	et	et	PROPN
cblr-2952	1220	5	al	al	PROPN
cblr-2952	1220	6	.	.	PROPN
cblr-2952	1220	7	,	,	PUNCT
cblr-2952	1220	8	the	the	DET
cblr-2952	1220	9	performance	performance	NOUN
cblr-2952	1220	10	of	of	ADP
cblr-2952	1220	11	hedge	hedge	NOUN
cblr-2952	1220	12	funds	fund	NOUN
cblr-2952	1220	13	:	:	PUNCT
cblr-2952	1220	14	risk	risk	NOUN
cblr-2952	1220	15	,	,	PUNCT
cblr-2952	1220	16	return	return	NOUN
cblr-2952	1220	17	and	and	CCONJ
cblr-2952	1220	18	incentives	incentive	NOUN
cblr-2952	1220	19	,	,	PUNCT
cblr-2952	1220	20	54	54	NUM
cblr-2952	1220	21	j.	j.	PROPN
cblr-2952	1220	22	fin	fin	PROPN
cblr-2952	1220	23	.	.	PUNCT
cblr-2952	1221	1	833	833	NUM
cblr-2952	1221	2	(	(	PUNCT
cblr-2952	1221	3	1999	1999	NUM
cblr-2952	1221	4	)	)	PUNCT
cblr-2952	1221	5	;	;	PUNCT
cblr-2952	1221	6	malkiel	malkiel	PROPN
cblr-2952	1221	7	&	&	CCONJ
cblr-2952	1221	8	saha	saha	PROPN
cblr-2952	1221	9	,	,	PUNCT
cblr-2952	1221	10	supra	supra	PROPN
cblr-2952	1221	11	note	note	PROPN
cblr-2952	1221	12	70	70	NUM
cblr-2952	1221	13	;	;	PUNCT
cblr-2952	1221	14	see	see	VERB
cblr-2952	1221	15	also	also	ADV
cblr-2952	1221	16	mila	mila	PROPN
cblr-2952	1221	17	getmansky	getmansky	PROPN
cblr-2952	1221	18	et	et	PROPN
cblr-2952	1221	19	al	al	PROPN
cblr-2952	1221	20	.	.	PROPN
cblr-2952	1221	21	,	,	PUNCT
cblr-2952	1221	22	sifting	sift	VERB
cblr-2952	1221	23	through	through	ADP
cblr-2952	1221	24	the	the	DET
cblr-2952	1221	25	wreckage	wreckage	NOUN
cblr-2952	1221	26	:	:	PUNCT
cblr-2952	1221	27	lessons	lesson	NOUN
cblr-2952	1221	28	from	from	ADP
cblr-2952	1221	29	recent	recent	ADJ
cblr-2952	1221	30	hedge	hedge	NOUN
cblr-2952	1221	31	fund	fund	NOUN
cblr-2952	1221	32	liquidations	liquidation	NOUN
cblr-2952	1221	33	,	,	PUNCT
cblr-2952	1221	34	2	2	NUM
cblr-2952	1221	35	j.	j.	PROPN
cblr-2952	1221	36	investment	investment	PROPN
cblr-2952	1221	37	mgmt	mgmt	PROPN
cblr-2952	1221	38	.	.	PUNCT
cblr-2952	1222	1	6	6	NUM
cblr-2952	1222	2	(	(	PUNCT
cblr-2952	1222	3	2004	2004	NUM
cblr-2952	1222	4	)	)	PUNCT
cblr-2952	1222	5	;	;	PUNCT
cblr-2952	1222	6	fabrice	fabrice	PROPN
cblr-2952	1222	7	d.	d.	PROPN
cblr-2952	1222	8	rouah	rouah	PROPN
cblr-2952	1222	9	,	,	PUNCT
cblr-2952	1222	10	fabrice	fabrice	PROPN
cblr-2952	1222	11	douglas	douglas	PROPN
cblr-2952	1222	12	,	,	PUNCT
cblr-2952	1222	13	competing	compete	VERB
cblr-2952	1222	14	risks	risk	NOUN
cblr-2952	1222	15	for	for	ADP
cblr-2952	1222	16	hedge	hedge	NOUN
cblr-2952	1222	17	fund	fund	NOUN
cblr-2952	1222	18	survival	survival	NOUN
cblr-2952	1222	19	,	,	PUNCT
cblr-2952	1222	20	at	at	ADP
cblr-2952	1222	21	5	5	NUM
cblr-2952	1222	22	(	(	PUNCT
cblr-2952	1222	23	nov	nov	PROPN
cblr-2952	1222	24	.	.	PROPN
cblr-2952	1222	25	1	1	NUM
cblr-2952	1222	26	,	,	PUNCT
cblr-2952	1222	27	2005	2005	NUM
cblr-2952	1222	28	)	)	PUNCT
cblr-2952	1222	29	,	,	PUNCT
cblr-2952	1222	30	available	available	ADJ
cblr-2952	1222	31	at	at	ADP
cblr-2952	1222	32	http://ssrn.com/abstract=840505	http://ssrn.com/abstract=840505	PROPN
cblr-2952	1222	33	.	.	PROPN
cblr-2952	1223	1	271	271	NUM
cblr-2952	1223	2	see	see	VERB
cblr-2952	1223	3	shadab	shadab	ADV
cblr-2952	1223	4	,	,	PUNCT
cblr-2952	1223	5	supra	supra	PROPN
cblr-2952	1223	6	note	note	NOUN
cblr-2952	1223	7	259	259	NUM
cblr-2952	1223	8	.	.	NOUN
cblr-2952	1223	9	272	272	NUM
cblr-2952	1223	10	see	see	VERB
cblr-2952	1223	11	emily	emily	PROPN
cblr-2952	1223	12	denvir	denvir	PROPN
cblr-2952	1223	13	&	&	CCONJ
cblr-2952	1223	14	elaine	elaine	PROPN
cblr-2952	1223	15	hutson	hutson	PROPN
cblr-2952	1223	16	,	,	PUNCT
cblr-2952	1223	17	the	the	DET
cblr-2952	1223	18	performance	performance	NOUN
cblr-2952	1223	19	and	and	CCONJ
cblr-2952	1223	20	diversification	diversification	NOUN
cblr-2952	1223	21	benefits	benefit	NOUN
cblr-2952	1223	22	of	of	ADP
cblr-2952	1223	23	funds	fund	NOUN
cblr-2952	1223	24	of	of	ADP
cblr-2952	1223	25	hedge	hedge	NOUN
cblr-2952	1223	26	funds	fund	NOUN
cblr-2952	1223	27	,	,	PUNCT
cblr-2952	1223	28	16	16	NUM
cblr-2952	1223	29	j.	j.	PROPN
cblr-2952	1223	30	int'l	int'l	PROPN
cblr-2952	1223	31	fin	fin	PROPN
cblr-2952	1223	32	.	.	PUNCT
cblr-2952	1224	1	markets	market	NOUN
cblr-2952	1224	2	4	4	NUM
cblr-2952	1224	3	(	(	PUNCT
cblr-2952	1224	4	2006	2006	NUM
cblr-2952	1224	5	)	)	PUNCT
cblr-2952	1224	6	(	(	PUNCT
cblr-2952	1224	7	finding	find	VERB
cblr-2952	1224	8	funds	fund	NOUN
cblr-2952	1224	9	of	of	ADP
cblr-2952	1224	10	hedge	hedge	NOUN
cblr-2952	1224	11	funds	fund	NOUN
cblr-2952	1224	12	to	to	PART
cblr-2952	1224	13	be	be	AUX
cblr-2952	1224	14	lower	lower	ADV
cblr-2952	1224	15	correlated	correlate	VERB
cblr-2952	1224	16	to	to	ADP
cblr-2952	1224	17	equity	equity	NOUN
cblr-2952	1224	18	markets	market	NOUN
cblr-2952	1224	19	than	than	ADP
cblr-2952	1224	20	hedge	hedge	NOUN
cblr-2952	1224	21	fund	fund	NOUN
cblr-2952	1224	22	indexes	index	NOUN
cblr-2952	1224	23	)	)	PUNCT
cblr-2952	1224	24	.	.	PUNCT
cblr-2952	1225	1	but	but	CCONJ
cblr-2952	1225	2	see	see	VERB
cblr-2952	1225	3	steven	steven	PROPN
cblr-2952	1225	4	j.	j.	PROPN
cblr-2952	1225	5	brown	brown	PROPN
cblr-2952	1225	6	et	et	PROPN
cblr-2952	1225	7	al	al	PROPN
cblr-2952	1225	8	.	.	PROPN
cblr-2952	1225	9	,	,	PUNCT
cblr-2952	1225	10	fees	fee	NOUN
cblr-2952	1225	11	on	on	ADP
cblr-2952	1225	12	fees	fee	NOUN
cblr-2952	1225	13	in	in	ADP
cblr-2952	1225	14	funds	fund	NOUN
cblr-2952	1225	15	of	of	ADP
cblr-2952	1225	16	funds	fund	NOUN
cblr-2952	1225	17	,	,	PUNCT
cblr-2952	1225	18	2	2	NUM
cblr-2952	1225	19	j.	j.	PROPN
cblr-2952	1225	20	investment	investment	PROPN
cblr-2952	1225	21	mgmt	mgmt	PROPN
cblr-2952	1225	22	.	.	PUNCT
cblr-2952	1226	1	39	39	NUM
cblr-2952	1226	2	(	(	PUNCT
cblr-2952	1226	3	2004	2004	NUM
cblr-2952	1226	4	)	)	PUNCT
cblr-2952	1226	5	(	(	PUNCT
cblr-2952	1226	6	arguing	argue	VERB
cblr-2952	1226	7	that	that	PRON
cblr-2952	1226	8	fund	fund	NOUN
cblr-2952	1226	9	of	of	ADP
cblr-2952	1226	10	fund	fund	NOUN
cblr-2952	1226	11	fees	fee	NOUN
cblr-2952	1226	12	can	can	AUX
cblr-2952	1226	13	result	result	VERB
cblr-2952	1226	14	in	in	ADP
cblr-2952	1226	15	over	over	ADP
cblr-2952	1226	16	-	-	PUNCT
cblr-2952	1226	17	compensation	compensation	NOUN
cblr-2952	1226	18	)	)	PUNCT
cblr-2952	1226	19	.	.	PUNCT
cblr-2952	1227	1	additionally	additionally	ADV
cblr-2952	1227	2	,	,	PUNCT
cblr-2952	1227	3	larger	large	ADJ
cblr-2952	1227	4	hedge	hedge	NOUN
cblr-2952	1227	5	funds	fund	NOUN
cblr-2952	1227	6	,	,	PUNCT
cblr-2952	1227	7	the	the	DET
cblr-2952	1227	8	more	more	ADV
cblr-2952	1227	9	likely	likely	ADJ
cblr-2952	1227	10	candidates	candidate	NOUN
cblr-2952	1227	11	for	for	ADP
cblr-2952	1227	12	public	public	ADJ
cblr-2952	1227	13	offerings	offering	NOUN
cblr-2952	1227	14	,	,	PUNCT
cblr-2952	1227	15	have	have	AUX
cblr-2952	1227	16	been	be	AUX
cblr-2952	1227	17	found	find	VERB
cblr-2952	1227	18	to	to	PART
cblr-2952	1227	19	have	have	VERB
cblr-2952	1227	20	higher	high	ADJ
cblr-2952	1227	21	survival	survival	NOUN
cblr-2952	1227	22	rates	rate	NOUN
cblr-2952	1227	23	.	.	PUNCT
cblr-2952	1228	1	see	see	VERB
cblr-2952	1228	2	naohiko	naohiko	PROPN
cblr-2952	1228	3	baba	baba	PROPN
cblr-2952	1228	4	&	&	CCONJ
cblr-2952	1228	5	hiromichi	hiromichi	PROPN
cblr-2952	1228	6	goko	goko	PROPN
cblr-2952	1228	7	,	,	PUNCT
cblr-2952	1228	8	survival	survival	VERB
cblr-2952	1228	9	analysis	analysis	NOUN
cblr-2952	1228	10	of	of	ADP
cblr-2952	1228	11	hedge	hedge	NOUN
cblr-2952	1228	12	funds	fund	NOUN
cblr-2952	1228	13	,	,	PUNCT
cblr-2952	1228	14	at	at	ADP
cblr-2952	1228	15	27	27	NUM
cblr-2952	1228	16	(	(	PUNCT
cblr-2952	1228	17	mar	mar	PROPN
cblr-2952	1228	18	.	.	PROPN
cblr-2952	1228	19	2006	2006	NUM
cblr-2952	1228	20	)	)	PUNCT
cblr-2952	1228	21	(	(	PUNCT
cblr-2952	1228	22	finding	find	VERB
cblr-2952	1228	23	that	that	DET
cblr-2952	1228	24	hedge	hedge	NOUN
cblr-2952	1228	25	funds	fund	NOUN
cblr-2952	1228	26	"	"	PUNCT
cblr-2952	1228	27	with	with	ADP
cblr-2952	1228	28	higher	high	ADJ
cblr-2952	1228	29	re[vol	re[vol	NOUN
cblr-2952	1228	30	.	.	PUNCT
cblr-2952	1229	1	2008	2008	NUM
cblr-2952	1230	1	moreover	moreover	ADV
cblr-2952	1230	2	,	,	PUNCT
cblr-2952	1230	3	certain	certain	ADJ
cblr-2952	1230	4	hedge	hedge	NOUN
cblr-2952	1230	5	fund	fund	NOUN
cblr-2952	1230	6	strategies	strategy	NOUN
cblr-2952	1230	7	appear	appear	VERB
cblr-2952	1230	8	to	to	PART
cblr-2952	1230	9	offer	offer	VERB
cblr-2952	1230	10	the	the	DET
cblr-2952	1230	11	ability	ability	NOUN
cblr-2952	1230	12	to	to	PART
cblr-2952	1230	13	earn	earn	VERB
cblr-2952	1230	14	extraordinary	extraordinary	ADJ
cblr-2952	1230	15	returns	return	NOUN
cblr-2952	1230	16	with	with	ADP
cblr-2952	1230	17	less	less	ADJ
cblr-2952	1230	18	volatility.73	volatility.73	ADJ
cblr-2952	1230	19	for	for	ADP
cblr-2952	1230	20	example	example	NOUN
cblr-2952	1230	21	,	,	PUNCT
cblr-2952	1230	22	the	the	DET
cblr-2952	1230	23	hedge	hedge	NOUN
cblr-2952	1230	24	fund	fund	NOUN
cblr-2952	1230	25	adviser	adviser	NOUN
cblr-2952	1230	26	och	och	ADJ
cblr-2952	1230	27	-	-	PUNCT
cblr-2952	1230	28	ziffs	ziffs	NOUN
cblr-2952	1230	29	primary	primary	ADJ
cblr-2952	1230	30	$	$	SYM
cblr-2952	1230	31	17.6	17.6	NUM
cblr-2952	1230	32	billion	billion	NUM
cblr-2952	1230	33	fund	fund	NOUN
cblr-2952	1230	34	returned	return	VERB
cblr-2952	1230	35	seventeen	seventeen	NUM
cblr-2952	1230	36	percent	percent	NOUN
cblr-2952	1230	37	over	over	ADP
cblr-2952	1230	38	an	an	DET
cblr-2952	1230	39	approximate	approximate	ADJ
cblr-2952	1230	40	thirteen	thirteen	NUM
cblr-2952	1230	41	year	year	NOUN
cblr-2952	1230	42	period	period	NOUN
cblr-2952	1230	43	,	,	PUNCT
cblr-2952	1230	44	a	a	DET
cblr-2952	1230	45	return	return	NOUN
cblr-2952	1230	46	greater	great	ADJ
cblr-2952	1230	47	than	than	ADP
cblr-2952	1230	48	the	the	DET
cblr-2952	1230	49	12.2	12.2	NUM
cblr-2952	1230	50	%	%	NOUN
cblr-2952	1230	51	return	return	NOUN
cblr-2952	1230	52	of	of	ADP
cblr-2952	1230	53	s&p	s&p	PROPN
cblr-2952	1230	54	500	500	NUM
cblr-2952	1230	55	during	during	ADP
cblr-2952	1230	56	this	this	DET
cblr-2952	1230	57	time	time	NOUN
cblr-2952	1230	58	while	while	SCONJ
cblr-2952	1230	59	pursuing	pursue	VERB
cblr-2952	1230	60	and	and	CCONJ
cblr-2952	1230	61	achieving	achieve	VERB
cblr-2952	1230	62	sixty	sixty	NUM
cblr-2952	1230	63	-	-	PUNCT
cblr-2952	1230	64	five	five	NUM
cblr-2952	1230	65	percent	percent	NOUN
cblr-2952	1230	66	less	less	ADJ
cblr-2952	1230	67	volatility.274	volatility.274	NOUN
cblr-2952	1230	68	thus	thus	ADV
cblr-2952	1230	69	,	,	PUNCT
cblr-2952	1230	70	although	although	SCONJ
cblr-2952	1230	71	further	further	ADJ
cblr-2952	1230	72	study	study	NOUN
cblr-2952	1230	73	is	be	AUX
cblr-2952	1230	74	needed	need	VERB
cblr-2952	1230	75	,	,	PUNCT
cblr-2952	1230	76	certain	certain	ADJ
cblr-2952	1230	77	hedge	hedge	NOUN
cblr-2952	1230	78	funds	fund	NOUN
cblr-2952	1230	79	appear	appear	VERB
cblr-2952	1230	80	to	to	PART
cblr-2952	1230	81	offer	offer	VERB
cblr-2952	1230	82	opportunities	opportunity	NOUN
cblr-2952	1230	83	to	to	PART
cblr-2952	1230	84	reduce	reduce	VERB
cblr-2952	1230	85	volatility	volatility	NOUN
cblr-2952	1230	86	when	when	SCONJ
cblr-2952	1230	87	compared	compare	VERB
cblr-2952	1230	88	to	to	ADP
cblr-2952	1230	89	equity	equity	NOUN
cblr-2952	1230	90	investments	investment	NOUN
cblr-2952	1230	91	generally.275	generally.275	PROPN
cblr-2952	1230	92	studies	study	NOUN
cblr-2952	1230	93	have	have	AUX
cblr-2952	1230	94	shown	show	VERB
cblr-2952	1230	95	that	that	SCONJ
cblr-2952	1230	96	private	private	ADJ
cblr-2952	1230	97	equity	equity	NOUN
cblr-2952	1230	98	funds	fund	NOUN
cblr-2952	1230	99	have	have	VERB
cblr-2952	1230	100	similar	similar	ADJ
cblr-2952	1230	101	beneficial	beneficial	ADJ
cblr-2952	1230	102	risk	risk	NOUN
cblr-2952	1230	103	-	-	PUNCT
cblr-2952	1230	104	reduction	reduction	NOUN
cblr-2952	1230	105	properties.276	properties.276	PROPN
cblr-2952	1230	106	private	private	ADJ
cblr-2952	1230	107	equity	equity	NOUN
cblr-2952	1230	108	funds	fund	NOUN
cblr-2952	1230	109	have	have	AUX
cblr-2952	1230	110	also	also	ADV
cblr-2952	1230	111	generally	generally	ADV
cblr-2952	1230	112	been	be	AUX
cblr-2952	1230	113	found	find	VERB
cblr-2952	1230	114	to	to	PART
cblr-2952	1230	115	have	have	AUX
cblr-2952	1230	116	reduced	reduce	VERB
cblr-2952	1230	117	correlation	correlation	NOUN
cblr-2952	1230	118	to	to	ADP
cblr-2952	1230	119	market	market	NOUN
cblr-2952	1230	120	benchmarks	benchmark	NOUN
cblr-2952	1230	121	than	than	ADP
cblr-2952	1230	122	public	public	ADJ
cblr-2952	1230	123	debt	debt	NOUN
cblr-2952	1230	124	and	and	CCONJ
cblr-2952	1230	125	equity	equity	NOUN
cblr-2952	1230	126	investments	investment	NOUN
cblr-2952	1230	127	,	,	PUNCT
cblr-2952	1230	128	again	again	ADV
cblr-2952	1230	129	providing	provide	VERB
cblr-2952	1230	130	diversification	diversification	NOUN
cblr-2952	1230	131	and	and	CCONJ
cblr-2952	1230	132	reducing	reduce	VERB
cblr-2952	1230	133	exposure	exposure	NOUN
cblr-2952	1230	134	to	to	ADP
cblr-2952	1230	135	market	market	NOUN
cblr-2952	1230	136	risk	risk	NOUN
cblr-2952	1230	137	.	.	PUNCT
cblr-2952	1231	1	77	77	NUM
cblr-2952	1232	1	furthermore	furthermore	ADV
cblr-2952	1232	2	,	,	PUNCT
cblr-2952	1232	3	private	private	ADJ
cblr-2952	1232	4	equity	equity	NOUN
cblr-2952	1232	5	offers	offer	VERB
cblr-2952	1232	6	a	a	DET
cblr-2952	1232	7	less	less	ADV
cblr-2952	1232	8	pronounced	pronounced	ADJ
cblr-2952	1232	9	risk	risk	NOUN
cblr-2952	1232	10	profile	profile	NOUN
cblr-2952	1232	11	than	than	ADP
cblr-2952	1232	12	a	a	DET
cblr-2952	1232	13	singular	singular	ADJ
cblr-2952	1232	14	levered	lever	VERB
cblr-2952	1232	15	investment	investment	NOUN
cblr-2952	1232	16	in	in	ADP
cblr-2952	1232	17	a	a	DET
cblr-2952	1232	18	private	private	ADJ
cblr-2952	1232	19	company	company	NOUN
cblr-2952	1232	20	while	while	SCONJ
cblr-2952	1232	21	providing	provide	VERB
cblr-2952	1232	22	the	the	DET
cblr-2952	1232	23	possibility	possibility	NOUN
cblr-2952	1232	24	for	for	ADP
cblr-2952	1232	25	enhanced	enhanced	ADJ
cblr-2952	1232	26	returns	return	NOUN
cblr-2952	1232	27	.	.	PUNCT
cblr-2952	1233	1	also	also	ADV
cblr-2952	1233	2	,	,	PUNCT
cblr-2952	1233	3	analogous	analogous	ADJ
cblr-2952	1233	4	to	to	ADP
cblr-2952	1233	5	certain	certain	ADJ
cblr-2952	1233	6	hedge	hedge	NOUN
cblr-2952	1233	7	funds	fund	NOUN
cblr-2952	1233	8	,	,	PUNCT
cblr-2952	1233	9	private	private	ADJ
cblr-2952	1233	10	equity	equity	NOUN
cblr-2952	1233	11	has	have	AUX
cblr-2952	1233	12	been	be	AUX
cblr-2952	1233	13	generally	generally	ADV
cblr-2952	1233	14	found	find	VERB
cblr-2952	1233	15	to	to	PART
cblr-2952	1233	16	be	be	AUX
cblr-2952	1233	17	a	a	DET
cblr-2952	1233	18	less	less	ADV
cblr-2952	1233	19	volatile	volatile	ADJ
cblr-2952	1233	20	investment	investment	NOUN
cblr-2952	1233	21	than	than	ADP
cblr-2952	1233	22	one	one	NUM
cblr-2952	1233	23	in	in	ADP
cblr-2952	1233	24	the	the	DET
cblr-2952	1233	25	market	market	NOUN
cblr-2952	1233	26	bench	bench	NOUN
cblr-2952	1233	27	-	-	PUNCT
cblr-2952	1233	28	mark	mark	NOUN
cblr-2952	1233	29	,	,	PUNCT
cblr-2952	1233	30	the	the	DET
cblr-2952	1233	31	s&p	s&p	PROPN
cblr-2952	1233	32	500.279	500.279	NUM
cblr-2952	1233	33	moreover	moreover	ADV
cblr-2952	1233	34	,	,	PUNCT
cblr-2952	1233	35	no	no	DET
cblr-2952	1233	36	major	major	ADJ
cblr-2952	1233	37	private	private	ADJ
cblr-2952	1233	38	equity	equity	NOUN
cblr-2952	1233	39	fund	fund	NOUN
cblr-2952	1233	40	has	have	AUX
cblr-2952	1233	41	ever	ever	ADV
cblr-2952	1233	42	turns	turn	VERB
cblr-2952	1233	43	,	,	PUNCT
cblr-2952	1233	44	assets	asset	NOUN
cblr-2952	1233	45	under	under	ADP
cblr-2952	1233	46	management	management	NOUN
cblr-2952	1233	47	.	.	PUNCT
cblr-2952	1233	48	.	.	PUNCT
cblr-2952	1234	1	.	.	PUNCT
cblr-2952	1235	1	and	and	CCONJ
cblr-2952	1235	2	recent	recent	ADJ
cblr-2952	1235	3	fund	fund	NOUN
cblr-2952	1235	4	flows	flow	VERB
cblr-2952	1235	5	,	,	PUNCT
cblr-2952	1235	6	and	and	CCONJ
cblr-2952	1235	7	funds	fund	NOUN
cblr-2952	1235	8	with	with	ADP
cblr-2952	1235	9	lower	low	ADJ
cblr-2952	1235	10	volatilities	volatility	NOUN
cblr-2952	1235	11	and	and	CCONJ
cblr-2952	1235	12	higher	high	ADJ
cblr-2952	1235	13	skewness	skewness	NOUN
cblr-2952	1235	14	of	of	ADP
cblr-2952	1235	15	returns	return	NOUN
cblr-2952	1235	16	and	and	CCONJ
cblr-2952	1235	17	aum	aum	PROPN
cblr-2952	1235	18	have	have	VERB
cblr-2952	1235	19	higher	high	ADJ
cblr-2952	1235	20	survival	survival	NOUN
cblr-2952	1235	21	probabilities	probability	NOUN
cblr-2952	1235	22	"	"	PUNCT
cblr-2952	1235	23	)	)	PUNCT
cblr-2952	1235	24	,	,	PUNCT
cblr-2952	1235	25	available	available	ADJ
cblr-2952	1235	26	at	at	ADP
cblr-2952	1235	27	http://www.boj.or.jp/en/type/ronbun/ron/wps/data/wp06e05.pdf	http://www.boj.or.jp/en/type/ronbun/ron/wps/data/wp06e05.pdf	NOUN
cblr-2952	1235	28	.	.	PUNCT
cblr-2952	1236	1	273	273	NUM
cblr-2952	1236	2	see	see	VERB
cblr-2952	1236	3	joseph	joseph	PROPN
cblr-2952	1236	4	g.	g.	PROPN
cblr-2952	1236	5	nicholas	nicholas	PROPN
cblr-2952	1236	6	,	,	PUNCT
cblr-2952	1236	7	investing	invest	VERB
cblr-2952	1236	8	in	in	ADP
cblr-2952	1236	9	hedge	hedge	NOUN
cblr-2952	1236	10	funds	fund	NOUN
cblr-2952	1236	11	(	(	PUNCT
cblr-2952	1236	12	1999	1999	NUM
cblr-2952	1236	13	)	)	PUNCT
cblr-2952	1236	14	(	(	PUNCT
cblr-2952	1236	15	describing	describe	VERB
cblr-2952	1236	16	the	the	DET
cblr-2952	1236	17	risk	risk	NOUN
cblr-2952	1236	18	profile	profile	NOUN
cblr-2952	1236	19	and	and	CCONJ
cblr-2952	1236	20	volatility	volatility	NOUN
cblr-2952	1236	21	of	of	ADP
cblr-2952	1236	22	various	various	ADJ
cblr-2952	1236	23	hedge	hedge	NOUN
cblr-2952	1236	24	fund	fund	NOUN
cblr-2952	1236	25	strategies	strategy	NOUN
cblr-2952	1236	26	)	)	PUNCT
cblr-2952	1236	27	.	.	PUNCT
cblr-2952	1237	1	274	274	NUM
cblr-2952	1237	2	see	see	VERB
cblr-2952	1237	3	och	och	PROPN
cblr-2952	1237	4	-	-	PUNCT
cblr-2952	1237	5	ziff	ziff	NOUN
cblr-2952	1237	6	registration	registration	NOUN
cblr-2952	1237	7	statement	statement	NOUN
cblr-2952	1237	8	,	,	PUNCT
cblr-2952	1237	9	supra	supra	PROPN
cblr-2952	1237	10	note	note	PROPN
cblr-2952	1237	11	62	62	NUM
cblr-2952	1237	12	,	,	PUNCT
cblr-2952	1237	13	at	at	ADP
cblr-2952	1237	14	6	6	NUM
cblr-2952	1237	15	.	.	NOUN
cblr-2952	1237	16	275	275	NUM
cblr-2952	1237	17	see	see	VERB
cblr-2952	1237	18	vikas	vikas	PROPN
cblr-2952	1237	19	agarwal	agarwal	PROPN
cblr-2952	1237	20	&	&	CCONJ
cblr-2952	1237	21	narayan	narayan	PROPN
cblr-2952	1237	22	y.	y.	PROPN
cblr-2952	1237	23	naik	naik	PROPN
cblr-2952	1237	24	,	,	PUNCT
cblr-2952	1237	25	risks	risk	NOUN
cblr-2952	1237	26	and	and	CCONJ
cblr-2952	1237	27	portfolio	portfolio	NOUN
cblr-2952	1237	28	decisions	decision	NOUN
cblr-2952	1237	29	involving	involve	VERB
cblr-2952	1237	30	hedge	hedge	NOUN
cblr-2952	1237	31	funds	fund	NOUN
cblr-2952	1237	32	,	,	PUNCT
cblr-2952	1237	33	17	17	NUM
cblr-2952	1237	34	rev	rev	X
cblr-2952	1237	35	.	.	PROPN
cblr-2952	1237	36	fin	fin	NOUN
cblr-2952	1237	37	.	.	PUNCT
cblr-2952	1238	1	studies	study	NOUN
cblr-2952	1238	2	63	63	NUM
cblr-2952	1238	3	(	(	PUNCT
cblr-2952	1238	4	2004	2004	NUM
cblr-2952	1238	5	)	)	PUNCT
cblr-2952	1238	6	.	.	PUNCT
cblr-2952	1239	1	276	276	NUM
cblr-2952	1239	2	see	see	VERB
cblr-2952	1239	3	supra	supra	PROPN
cblr-2952	1239	4	notes	note	VERB
cblr-2952	1239	5	47	47	NUM
cblr-2952	1239	6	-	-	SYM
cblr-2952	1239	7	48	48	NUM
cblr-2952	1239	8	and	and	CCONJ
cblr-2952	1239	9	accompanying	accompany	VERB
cblr-2952	1239	10	text	text	NOUN
cblr-2952	1239	11	.	.	PUNCT
cblr-2952	1240	1	277	277	NUM
cblr-2952	1240	2	see	see	VERB
cblr-2952	1240	3	alexander	alexander	PROPN
cblr-2952	1240	4	peter	peter	PROPN
cblr-2952	1240	5	groh	groh	PROPN
cblr-2952	1240	6	et	et	PROPN
cblr-2952	1240	7	al	al	PROPN
cblr-2952	1240	8	.	.	PROPN
cblr-2952	1240	9	,	,	PUNCT
cblr-2952	1240	10	measuring	measure	VERB
cblr-2952	1240	11	idiosyncratic	idiosyncratic	ADJ
cblr-2952	1240	12	risks	risk	NOUN
cblr-2952	1240	13	in	in	ADP
cblr-2952	1240	14	leveraged	leverage	VERB
cblr-2952	1240	15	buyout	buyout	NOUN
cblr-2952	1240	16	transactions	transaction	NOUN
cblr-2952	1240	17	(	(	PUNCT
cblr-2952	1240	18	june	june	PROPN
cblr-2952	1240	19	19	19	NUM
cblr-2952	1240	20	,	,	PUNCT
cblr-2952	1240	21	2007	2007	NUM
cblr-2952	1240	22	)	)	PUNCT
cblr-2952	1240	23	,	,	PUNCT
cblr-2952	1240	24	available	available	ADJ
cblr-2952	1240	25	at	at	ADP
cblr-2952	1240	26	http://ssrn.com/abstract=965684	http://ssrn.com/abstract=965684	PROPN
cblr-2952	1240	27	.	.	PUNCT
cblr-2952	1241	1	271	271	NUM
cblr-2952	1241	2	see	see	VERB
cblr-2952	1241	3	weidig	weidig	NOUN
cblr-2952	1241	4	&	&	CCONJ
cblr-2952	1241	5	mathonet	mathonet	PROPN
cblr-2952	1241	6	,	,	PUNCT
cblr-2952	1241	7	supra	supra	PROPN
cblr-2952	1241	8	note	note	PROPN
cblr-2952	1241	9	228	228	NUM
cblr-2952	1241	10	,	,	PUNCT
cblr-2952	1241	11	at	at	ADP
cblr-2952	1241	12	5	5	NUM
cblr-2952	1241	13	(	(	PUNCT
cblr-2952	1241	14	finding	find	VERB
cblr-2952	1241	15	clear	clear	ADJ
cblr-2952	1241	16	diversification	diversification	NOUN
cblr-2952	1241	17	benefits	benefit	NOUN
cblr-2952	1241	18	for	for	ADP
cblr-2952	1241	19	leveraged	leveraged	ADJ
cblr-2952	1241	20	buy	buy	NOUN
cblr-2952	1241	21	-	-	PUNCT
cblr-2952	1241	22	out	out	NOUN
cblr-2952	1241	23	funds	fund	NOUN
cblr-2952	1241	24	and	and	CCONJ
cblr-2952	1241	25	funds	fund	NOUN
cblr-2952	1241	26	of	of	ADP
cblr-2952	1241	27	funds	fund	NOUN
cblr-2952	1241	28	over	over	ADP
cblr-2952	1241	29	individual	individual	ADJ
cblr-2952	1241	30	private	private	ADJ
cblr-2952	1241	31	investments	investment	NOUN
cblr-2952	1241	32	)	)	PUNCT
cblr-2952	1241	33	.	.	PUNCT
cblr-2952	1242	1	279	279	NUM
cblr-2952	1242	2	see	see	VERB
cblr-2952	1242	3	center	center	NOUN
cblr-2952	1242	4	for	for	ADP
cblr-2952	1242	5	international	international	ADJ
cblr-2952	1242	6	securities	security	NOUN
cblr-2952	1242	7	report	report	NOUN
cblr-2952	1242	8	,	,	PUNCT
cblr-2952	1242	9	supra	supra	PROPN
cblr-2952	1242	10	note	note	NOUN
cblr-2952	1242	11	48	48	NUM
cblr-2952	1242	12	,	,	PUNCT
cblr-2952	1242	13	at	at	ADP
cblr-2952	1242	14	10	10	NUM
cblr-2952	1242	15	(	(	PUNCT
cblr-2952	1242	16	finding	find	VERB
cblr-2952	1242	17	that	that	SCONJ
cblr-2952	1242	18	in	in	ADP
cblr-2952	1242	19	the	the	DET
cblr-2952	1242	20	periods	period	NOUN
cblr-2952	1242	21	1990	1990	NUM
cblr-2952	1242	22	to	to	ADP
cblr-2952	1242	23	1994	1994	NUM
cblr-2952	1242	24	,	,	PUNCT
cblr-2952	1242	25	1995	1995	NUM
cblr-2952	1242	26	to	to	ADP
cblr-2952	1242	27	2000	2000	NUM
cblr-2952	1242	28	and	and	CCONJ
cblr-2952	1242	29	2001	2001	NUM
cblr-2952	1242	30	to	to	ADP
cblr-2952	1242	31	2005	2005	NUM
cblr-2952	1242	32	an	an	DET
cblr-2952	1242	33	index	index	NOUN
cblr-2952	1242	34	of	of	ADP
cblr-2952	1242	35	private	private	ADJ
cblr-2952	1242	36	equity	equity	NOUN
cblr-2952	1242	37	funds	fund	NOUN
cblr-2952	1242	38	had	have	VERB
cblr-2952	1242	39	a	a	DET
cblr-2952	1242	40	standard	standard	ADJ
cblr-2952	1242	41	deviation	deviation	NOUN
cblr-2952	1242	42	of	of	ADP
cblr-2952	1242	43	4.94	4.94	NUM
cblr-2952	1242	44	%	%	NOUN
cblr-2952	1242	45	,	,	PUNCT
cblr-2952	1242	46	no	no	INTJ
cblr-2952	1242	47	.	.	NOUN
cblr-2952	1243	1	1	1	NUM
cblr-2952	1243	2	:	:	SYM
cblr-2952	1243	3	172	172	NUM
cblr-2952	1243	4	]	]	X
cblr-2952	1243	5	black	black	ADJ
cblr-2952	1243	6	market	market	NOUN
cblr-2952	1243	7	capital	capital	PROPN
cblr-2952	1243	8	columbia	columbia	PROPN
cblr-2952	1243	9	business	business	PROPN
cblr-2952	1243	10	law	law	PROPN
cblr-2952	1243	11	review	review	NOUN
cblr-2952	1243	12	collapsed	collapse	VERB
cblr-2952	1243	13	due	due	ADJ
cblr-2952	1243	14	to	to	ADP
cblr-2952	1243	15	cataclysmic	cataclysmic	ADJ
cblr-2952	1243	16	failure	failure	NOUN
cblr-2952	1243	17	,	,	PUNCT
cblr-2952	1243	18	and	and	CCONJ
cblr-2952	1243	19	funds	fund	NOUN
cblr-2952	1243	20	of	of	ADP
cblr-2952	1243	21	funds	fund	NOUN
cblr-2952	1243	22	have	have	AUX
cblr-2952	1243	23	been	be	AUX
cblr-2952	1243	24	found	find	VERB
cblr-2952	1243	25	to	to	PART
cblr-2952	1243	26	bear	bear	VERB
cblr-2952	1243	27	low	low	ADJ
cblr-2952	1243	28	risk	risk	NOUN
cblr-2952	1243	29	of	of	ADP
cblr-2952	1243	30	implosion.28	implosion.28	NOUN
cblr-2952	1243	31	°	°	PROPN
cblr-2952	1243	32	thus	thus	ADV
cblr-2952	1243	33	,	,	PUNCT
cblr-2952	1243	34	while	while	SCONJ
cblr-2952	1243	35	further	further	ADJ
cblr-2952	1243	36	study	study	NOUN
cblr-2952	1243	37	on	on	ADP
cblr-2952	1243	38	the	the	DET
cblr-2952	1243	39	individualized	individualized	ADJ
cblr-2952	1243	40	risk	risk	NOUN
cblr-2952	1243	41	profile	profile	NOUN
cblr-2952	1243	42	of	of	ADP
cblr-2952	1243	43	private	private	ADJ
cblr-2952	1243	44	equity	equity	NOUN
cblr-2952	1243	45	is	be	AUX
cblr-2952	1243	46	warranted	warrant	VERB
cblr-2952	1243	47	,	,	PUNCT
cblr-2952	1243	48	like	like	ADP
cblr-2952	1243	49	hedge	hedge	NOUN
cblr-2952	1243	50	funds	fund	NOUN
cblr-2952	1243	51	,	,	PUNCT
cblr-2952	1243	52	private	private	ADJ
cblr-2952	1243	53	equity	equity	NOUN
cblr-2952	1243	54	funds	fund	NOUN
cblr-2952	1243	55	appear	appear	VERB
cblr-2952	1243	56	to	to	PART
cblr-2952	1243	57	offer	offer	VERB
cblr-2952	1243	58	beneficial	beneficial	ADJ
cblr-2952	1243	59	risk	risk	NOUN
cblr-2952	1243	60	-	-	PUNCT
cblr-2952	1243	61	reducing	reduce	VERB
cblr-2952	1243	62	opportunities	opportunity	NOUN
cblr-2952	1243	63	for	for	ADP
cblr-2952	1243	64	public	public	ADJ
cblr-2952	1243	65	investment	investment	NOUN
cblr-2952	1243	66	.	.	PUNCT
cblr-2952	1244	1	finally	finally	ADV
cblr-2952	1244	2	,	,	PUNCT
cblr-2952	1244	3	the	the	DET
cblr-2952	1244	4	sec	sec	PROPN
cblr-2952	1244	5	has	have	AUX
cblr-2952	1244	6	itself	itself	PRON
cblr-2952	1244	7	put	put	VERB
cblr-2952	1244	8	forth	forth	ADP
cblr-2952	1244	9	the	the	DET
cblr-2952	1244	10	argument	argument	NOUN
cblr-2952	1244	11	that	that	PRON
cblr-2952	1244	12	hedge	hedge	NOUN
cblr-2952	1244	13	funds	fund	NOUN
cblr-2952	1244	14	are	be	AUX
cblr-2952	1244	15	too	too	ADV
cblr-2952	1244	16	"	"	PUNCT
cblr-2952	1244	17	complex	complex	ADJ
cblr-2952	1244	18	"	"	PUNCT
cblr-2952	1244	19	for	for	SCONJ
cblr-2952	1244	20	the	the	DET
cblr-2952	1244	21	average	average	ADJ
cblr-2952	1244	22	investor	investor	NOUN
cblr-2952	1244	23	to	to	PART
cblr-2952	1244	24	assess	assess	VERB
cblr-2952	1244	25	the	the	DET
cblr-2952	1244	26	risks	risk	NOUN
cblr-2952	1244	27	associated	associate	VERB
cblr-2952	1244	28	with	with	ADP
cblr-2952	1244	29	investment	investment	NOUN
cblr-2952	1244	30	in	in	ADP
cblr-2952	1244	31	these	these	DET
cblr-2952	1244	32	vehicles.28	vehicles.28	NOUN
cblr-2952	1244	33	'	'	PUNCT
cblr-2952	1244	34	private	private	ADJ
cblr-2952	1244	35	equity	equity	NOUN
cblr-2952	1244	36	has	have	AUX
cblr-2952	1244	37	not	not	PART
cblr-2952	1244	38	been	be	AUX
cblr-2952	1244	39	specifically	specifically	ADV
cblr-2952	1244	40	cited	cite	VERB
cblr-2952	1244	41	,	,	PUNCT
cblr-2952	1244	42	but	but	CCONJ
cblr-2952	1244	43	is	be	AUX
cblr-2952	1244	44	grouped	group	VERB
cblr-2952	1244	45	into	into	ADP
cblr-2952	1244	46	this	this	DET
cblr-2952	1244	47	prohibition	prohibition	NOUN
cblr-2952	1244	48	by	by	ADP
cblr-2952	1244	49	association	association	NOUN
cblr-2952	1244	50	.	.	PUNCT
cblr-2952	1245	1	here	here	ADV
cblr-2952	1245	2	,	,	PUNCT
cblr-2952	1245	3	the	the	DET
cblr-2952	1245	4	irrationality	irrationality	NOUN
cblr-2952	1245	5	of	of	ADP
cblr-2952	1245	6	black	black	ADJ
cblr-2952	1245	7	market	market	NOUN
cblr-2952	1245	8	capital	capital	NOUN
cblr-2952	1245	9	investments	investment	NOUN
cblr-2952	1245	10	must	must	AUX
cblr-2952	1245	11	be	be	AUX
cblr-2952	1245	12	highlighted	highlight	VERB
cblr-2952	1245	13	.	.	PUNCT
cblr-2952	1246	1	if	if	SCONJ
cblr-2952	1246	2	investment	investment	NOUN
cblr-2952	1246	3	in	in	ADP
cblr-2952	1246	4	fund	fund	NOUN
cblr-2952	1246	5	advisers	adviser	NOUN
cblr-2952	1246	6	is	be	AUX
cblr-2952	1246	7	permitted	permit	VERB
cblr-2952	1246	8	,	,	PUNCT
cblr-2952	1246	9	how	how	SCONJ
cblr-2952	1246	10	can	can	AUX
cblr-2952	1246	11	the	the	DET
cblr-2952	1246	12	underlying	underlying	ADJ
cblr-2952	1246	13	investment	investment	NOUN
cblr-2952	1246	14	be	be	AUX
cblr-2952	1246	15	too	too	ADV
cblr-2952	1246	16	risky	risky	ADJ
cblr-2952	1246	17	for	for	ADP
cblr-2952	1246	18	public	public	ADJ
cblr-2952	1246	19	investment	investment	NOUN
cblr-2952	1246	20	?	?	PUNCT
cblr-2952	1247	1	moreover	moreover	ADV
cblr-2952	1247	2	,	,	PUNCT
cblr-2952	1247	3	the	the	DET
cblr-2952	1247	4	sec	sec	PROPN
cblr-2952	1247	5	does	do	AUX
cblr-2952	1247	6	not	not	PART
cblr-2952	1247	7	,	,	PUNCT
cblr-2952	1247	8	as	as	ADP
cblr-2952	1247	9	a	a	DET
cblr-2952	1247	10	regulatory	regulatory	ADJ
cblr-2952	1247	11	principle	principle	NOUN
cblr-2952	1247	12	,	,	PUNCT
cblr-2952	1247	13	assess	assess	VERB
cblr-2952	1247	14	the	the	DET
cblr-2952	1247	15	riskiness	riskiness	NOUN
cblr-2952	1247	16	of	of	ADP
cblr-2952	1247	17	equity	equity	NOUN
cblr-2952	1247	18	investments	investment	NOUN
cblr-2952	1247	19	or	or	CCONJ
cblr-2952	1247	20	determine	determine	VERB
cblr-2952	1247	21	their	their	PRON
cblr-2952	1247	22	"	"	PUNCT
cblr-2952	1247	23	complexity	complexity	NOUN
cblr-2952	1247	24	"	"	PUNCT
cblr-2952	1247	25	or	or	CCONJ
cblr-2952	1247	26	"	"	PUNCT
cblr-2952	1247	27	appropriateness	appropriateness	NOUN
cblr-2952	1247	28	"	"	PUNCT
cblr-2952	1247	29	for	for	ADP
cblr-2952	1247	30	public	public	ADJ
cblr-2952	1247	31	investing.282	investing.282	PROPN
cblr-2952	1247	32	many	many	ADJ
cblr-2952	1247	33	equity	equity	NOUN
cblr-2952	1247	34	investments	investment	NOUN
cblr-2952	1247	35	,	,	PUNCT
cblr-2952	1247	36	such	such	ADJ
cblr-2952	1247	37	as	as	ADP
cblr-2952	1247	38	general	general	PROPN
cblr-2952	1247	39	electric	electric	PROPN
cblr-2952	1247	40	co.	co.	PROPN
cblr-2952	1247	41	or	or	CCONJ
cblr-2952	1247	42	goldman	goldman	PROPN
cblr-2952	1247	43	sachs	sachs	PROPN
cblr-2952	1247	44	&	&	CCONJ
cblr-2952	1247	45	co.	co.	PROPN
cblr-2952	1247	46	,	,	PUNCT
cblr-2952	1247	47	are	be	AUX
cblr-2952	1247	48	as	as	ADV
cblr-2952	1247	49	complex	complex	ADJ
cblr-2952	1247	50	or	or	CCONJ
cblr-2952	1247	51	more	more	ADV
cblr-2952	1247	52	complex	complex	ADJ
cblr-2952	1247	53	than	than	ADP
cblr-2952	1247	54	hedge	hedge	NOUN
cblr-2952	1247	55	funds	fund	NOUN
cblr-2952	1247	56	and	and	CCONJ
cblr-2952	1247	57	private	private	ADJ
cblr-2952	1247	58	equity	equity	NOUN
cblr-2952	1247	59	,	,	PUNCT
cblr-2952	1247	60	the	the	DET
cblr-2952	1247	61	parameters	parameter	NOUN
cblr-2952	1247	62	of	of	ADP
cblr-2952	1247	63	their	their	PRON
cblr-2952	1247	64	operation	operation	NOUN
cblr-2952	1247	65	beyond	beyond	ADP
cblr-2952	1247	66	the	the	DET
cblr-2952	1247	67	grasp	grasp	NOUN
cblr-2952	1247	68	of	of	ADP
cblr-2952	1247	69	retail	retail	ADJ
cblr-2952	1247	70	investors	investor	NOUN
cblr-2952	1247	71	.	.	PUNCT
cblr-2952	1248	1	"	"	PUNCT
cblr-2952	1248	2	'	'	PUNCT
cblr-2952	1248	3	assuming	assume	VERB
cblr-2952	1248	4	that	that	SCONJ
cblr-2952	1248	5	correct	correct	ADJ
cblr-2952	1248	6	disclosure	disclosure	NOUN
cblr-2952	1248	7	is	be	AUX
cblr-2952	1248	8	made	make	VERB
cblr-2952	1248	9	of	of	ADP
cblr-2952	1248	10	the	the	DET
cblr-2952	1248	11	risks	risk	NOUN
cblr-2952	1248	12	and	and	CCONJ
cblr-2952	1248	13	other	other	ADJ
cblr-2952	1248	14	material	material	NOUN
cblr-2952	1248	15	information	information	NOUN
cblr-2952	1248	16	concerning	concern	VERB
cblr-2952	1248	17	these	these	DET
cblr-2952	1248	18	investments	investment	NOUN
cblr-2952	1248	19	as	as	SCONJ
cblr-2952	1248	20	it	it	PRON
cblr-2952	1248	21	is	be	AUX
cblr-2952	1248	22	done	do	VERB
cblr-2952	1248	23	with	with	ADP
cblr-2952	1248	24	black	black	ADJ
cblr-2952	1248	25	market	market	NOUN
cblr-2952	1248	26	capital	capital	NOUN
cblr-2952	1248	27	and	and	CCONJ
cblr-2952	1248	28	other	other	ADJ
cblr-2952	1248	29	public	public	ADJ
cblr-2952	1248	30	investments	investment	NOUN
cblr-2952	1248	31	,	,	PUNCT
cblr-2952	1248	32	the	the	DET
cblr-2952	1248	33	sec	sec	PROPN
cblr-2952	1248	34	has	have	AUX
cblr-2952	1248	35	not	not	PART
cblr-2952	1248	36	sustained	sustain	VERB
cblr-2952	1248	37	its	its	PRON
cblr-2952	1248	38	burden	burden	NOUN
cblr-2952	1248	39	of	of	ADP
cblr-2952	1248	40	proving	prove	VERB
cblr-2952	1248	41	that	that	SCONJ
cblr-2952	1248	42	these	these	DET
cblr-2952	1248	43	funds	fund	NOUN
cblr-2952	1248	44	should	should	AUX
cblr-2952	1248	45	be	be	AUX
cblr-2952	1248	46	treated	treat	VERB
cblr-2952	1248	47	differently	differently	ADV
cblr-2952	1248	48	.	.	PUNCT
cblr-2952	1249	1	moreover	moreover	ADV
cblr-2952	1249	2	,	,	PUNCT
cblr-2952	1249	3	with	with	ADP
cblr-2952	1249	4	respect	respect	NOUN
cblr-2952	1249	5	to	to	ADP
cblr-2952	1249	6	hedge	hedge	NOUN
cblr-2952	1249	7	funds	fund	NOUN
cblr-2952	1249	8	,	,	PUNCT
cblr-2952	1249	9	their	their	PRON
cblr-2952	1249	10	use	use	NOUN
cblr-2952	1249	11	of	of	ADP
cblr-2952	1249	12	complex	complex	ADJ
cblr-2952	1249	13	derivatives	derivative	NOUN
cblr-2952	1249	14	to	to	PART
cblr-2952	1249	15	hedge	hedge	VERB
cblr-2952	1249	16	risk	risk	NOUN
cblr-2952	1249	17	and	and	CCONJ
cblr-2952	1249	18	increased	increase	VERB
cblr-2952	1249	19	internal	internal	ADJ
cblr-2952	1249	20	risk	risk	NOUN
cblr-2952	1249	21	-	-	PUNCT
cblr-2952	1249	22	management	management	NOUN
cblr-2952	1249	23	practices	practice	NOUN
cblr-2952	1249	24	have	have	AUX
cblr-2952	1249	25	led	lead	VERB
cblr-2952	1249	26	some	some	PRON
cblr-2952	1249	27	to	to	PART
cblr-2952	1249	28	assert	assert	VERB
cblr-2952	1249	29	that	that	SCONJ
cblr-2952	1249	30	they	they	PRON
cblr-2952	1249	31	have	have	AUX
cblr-2952	1249	32	become	become	VERB
cblr-2952	1249	33	more	more	ADV
cblr-2952	1249	34	stable	stable	ADJ
cblr-2952	1249	35	investments.2	investments.2	NOUN
cblr-2952	1249	36	"	"	PUNCT
cblr-2952	1249	37	instead	instead	ADV
cblr-2952	1249	38	,	,	PUNCT
cblr-2952	1249	39	the	the	DET
cblr-2952	1249	40	regula10.36	regula10.36	NOUN
cblr-2952	1249	41	%	%	NOUN
cblr-2952	1249	42	and	and	CCONJ
cblr-2952	1249	43	11.45	11.45	NUM
cblr-2952	1249	44	%	%	NOUN
cblr-2952	1249	45	compared	compare	VERB
cblr-2952	1249	46	to	to	ADP
cblr-2952	1249	47	11.61	11.61	NUM
cblr-2952	1249	48	%	%	NOUN
cblr-2952	1249	49	,	,	PUNCT
cblr-2952	1249	50	15.06	15.06	NUM
cblr-2952	1249	51	%	%	NOUN
cblr-2952	1249	52	and	and	CCONJ
cblr-2952	1249	53	18.17	18.17	NUM
cblr-2952	1249	54	%	%	NOUN
cblr-2952	1249	55	for	for	ADP
cblr-2952	1249	56	the	the	DET
cblr-2952	1249	57	s&p	s&p	PROPN
cblr-2952	1249	58	500	500	NUM
cblr-2952	1249	59	,	,	PUNCT
cblr-2952	1249	60	respectively	respectively	ADV
cblr-2952	1249	61	)	)	PUNCT
cblr-2952	1249	62	.	.	PUNCT
cblr-2952	1250	1	280	280	NUM
cblr-2952	1250	2	see	see	VERB
cblr-2952	1250	3	weidig	weidig	NOUN
cblr-2952	1250	4	&	&	CCONJ
cblr-2952	1250	5	mathonet	mathonet	PROPN
cblr-2952	1250	6	,	,	PUNCT
cblr-2952	1250	7	supra	supra	PROPN
cblr-2952	1250	8	note	note	PROPN
cblr-2952	1250	9	228	228	NUM
cblr-2952	1250	10	,	,	PUNCT
cblr-2952	1250	11	at	at	ADP
cblr-2952	1250	12	4	4	NUM
cblr-2952	1250	13	.	.	NOUN
cblr-2952	1250	14	281	281	NUM
cblr-2952	1250	15	see	see	VERB
cblr-2952	1250	16	supra	supra	PROPN
cblr-2952	1250	17	part	part	PROPN
cblr-2952	1250	18	iii	iii	PROPN
cblr-2952	1250	19	.	.	PROPN
cblr-2952	1250	20	2	2	NUM
cblr-2952	1250	21	see	see	VERB
cblr-2952	1250	22	supra	supra	PROPN
cblr-2952	1250	23	note	note	NOUN
cblr-2952	1250	24	152	152	NUM
cblr-2952	1250	25	and	and	CCONJ
cblr-2952	1250	26	accompanying	accompany	VERB
cblr-2952	1250	27	text	text	NOUN
cblr-2952	1250	28	.	.	PUNCT
cblr-2952	1251	1	28	28	NUM
cblr-2952	1251	2	see	see	VERB
cblr-2952	1251	3	generally	generally	ADV
cblr-2952	1251	4	steven	steven	PROPN
cblr-2952	1251	5	l.	l.	PROPN
cblr-2952	1251	6	schwarcz	schwarcz	PROPN
cblr-2952	1251	7	,	,	PUNCT
cblr-2952	1251	8	rethinking	rethink	VERB
cblr-2952	1251	9	the	the	DET
cblr-2952	1251	10	disclosure	disclosure	NOUN
cblr-2952	1251	11	paradigm	paradigm	NOUN
cblr-2952	1251	12	in	in	ADP
cblr-2952	1251	13	a	a	DET
cblr-2952	1251	14	world	world	NOUN
cblr-2952	1251	15	of	of	ADP
cblr-2952	1251	16	complexity	complexity	NOUN
cblr-2952	1251	17	,	,	PUNCT
cblr-2952	1251	18	2004	2004	NUM
cblr-2952	1251	19	u.	u.	PROPN
cblr-2952	1251	20	ill	ill	PROPN
cblr-2952	1251	21	.	.	PUNCT
cblr-2952	1252	1	l.	l.	PROPN
cblr-2952	1252	2	rev	rev	AUX
cblr-2952	1252	3	.	.	PROPN
cblr-2952	1252	4	1	1	NUM
cblr-2952	1252	5	(	(	PUNCT
cblr-2952	1252	6	highlighting	highlight	VERB
cblr-2952	1252	7	the	the	DET
cblr-2952	1252	8	increasing	increase	VERB
cblr-2952	1252	9	complexity	complexity	NOUN
cblr-2952	1252	10	of	of	ADP
cblr-2952	1252	11	public	public	ADJ
cblr-2952	1252	12	disclosure	disclosure	NOUN
cblr-2952	1252	13	and	and	CCONJ
cblr-2952	1252	14	concomitant	concomitant	ADJ
cblr-2952	1252	15	inability	inability	NOUN
cblr-2952	1252	16	of	of	ADP
cblr-2952	1252	17	investors	investor	NOUN
cblr-2952	1252	18	,	,	PUNCT
cblr-2952	1252	19	even	even	ADV
cblr-2952	1252	20	sophisticated	sophisticated	ADJ
cblr-2952	1252	21	ones	one	NOUN
cblr-2952	1252	22	,	,	PUNCT
cblr-2952	1252	23	to	to	PART
cblr-2952	1252	24	properly	properly	ADV
cblr-2952	1252	25	comprehend	comprehend	VERB
cblr-2952	1252	26	and	and	CCONJ
cblr-2952	1252	27	analyze	analyze	VERB
cblr-2952	1252	28	this	this	DET
cblr-2952	1252	29	information	information	NOUN
cblr-2952	1252	30	)	)	PUNCT
cblr-2952	1252	31	.	.	PUNCT
cblr-2952	1253	1	2	2	NUM
cblr-2952	1253	2	shadab	shadab	ADJ
cblr-2952	1253	3	,	,	PUNCT
cblr-2952	1253	4	supra	supra	PROPN
cblr-2952	1253	5	note	note	NOUN
cblr-2952	1253	6	259	259	NUM
cblr-2952	1253	7	,	,	PUNCT
cblr-2952	1253	8	at	at	ADP
cblr-2952	1253	9	10	10	NUM
cblr-2952	1253	10	.	.	PUNCT
cblr-2952	1254	1	[	[	X
cblr-2952	1254	2	vol	vol	NOUN
cblr-2952	1254	3	.	.	NOUN
cblr-2952	1254	4	2008	2008	NUM
cblr-2952	1254	5	black	black	ADJ
cblr-2952	1254	6	market	market	NOUN
cblr-2952	1254	7	capital	capital	NOUN
cblr-2952	1254	8	tory	tory	NOUN
cblr-2952	1254	9	"	"	PUNCT
cblr-2952	1254	10	risk	risk	NOUN
cblr-2952	1254	11	"	"	PUNCT
cblr-2952	1254	12	promoted	promote	VERB
cblr-2952	1254	13	by	by	ADP
cblr-2952	1254	14	the	the	DET
cblr-2952	1254	15	sec	sec	PROPN
cblr-2952	1254	16	as	as	ADP
cblr-2952	1254	17	justifying	justify	VERB
cblr-2952	1254	18	its	its	PRON
cblr-2952	1254	19	regulation	regulation	NOUN
cblr-2952	1254	20	appears	appear	VERB
cblr-2952	1254	21	to	to	PART
cblr-2952	1254	22	be	be	AUX
cblr-2952	1254	23	more	more	ADJ
cblr-2952	1254	24	a	a	DET
cblr-2952	1254	25	product	product	NOUN
cblr-2952	1254	26	of	of	ADP
cblr-2952	1254	27	popular	popular	ADJ
cblr-2952	1254	28	fears	fear	NOUN
cblr-2952	1254	29	than	than	ADP
cblr-2952	1254	30	logical	logical	ADJ
cblr-2952	1254	31	cost	cost	NOUN
cblr-2952	1254	32	-	-	PUNCT
cblr-2952	1254	33	benefit	benefit	NOUN
cblr-2952	1254	34	analysis	analysis	NOUN
cblr-2952	1254	35	.	.	PUNCT
cblr-2952	1254	36	"	"	PUNCT
cblr-2952	1255	1	it	it	PRON
cblr-2952	1255	2	is	be	AUX
cblr-2952	1255	3	for	for	ADP
cblr-2952	1255	4	these	these	DET
cblr-2952	1255	5	reasons	reason	NOUN
cblr-2952	1255	6	also	also	ADV
cblr-2952	1255	7	that	that	SCONJ
cblr-2952	1255	8	the	the	DET
cblr-2952	1255	9	sec	sec	PROPN
cblr-2952	1255	10	should	should	AUX
cblr-2952	1255	11	not	not	PART
cblr-2952	1255	12	,	,	PUNCT
cblr-2952	1255	13	before	before	ADP
cblr-2952	1255	14	further	further	ADJ
cblr-2952	1255	15	study	study	NOUN
cblr-2952	1255	16	,	,	PUNCT
cblr-2952	1255	17	take	take	VERB
cblr-2952	1255	18	the	the	DET
cblr-2952	1255	19	approach	approach	NOUN
cblr-2952	1255	20	regulators	regulator	NOUN
cblr-2952	1255	21	traditionally	traditionally	ADV
cblr-2952	1255	22	adopt	adopt	VERB
cblr-2952	1255	23	towards	towards	ADP
cblr-2952	1255	24	a	a	DET
cblr-2952	1255	25	black	black	ADJ
cblr-2952	1255	26	market	market	NOUN
cblr-2952	1255	27	:	:	PUNCT
cblr-2952	1255	28	regulate	regulate	VERB
cblr-2952	1255	29	,	,	PUNCT
cblr-2952	1255	30	enforce	enforce	ADJ
cblr-2952	1255	31	,	,	PUNCT
cblr-2952	1255	32	and	and	CCONJ
cblr-2952	1255	33	attempt	attempt	VERB
cblr-2952	1255	34	to	to	PART
cblr-2952	1255	35	hamper	hamper	VERB
cblr-2952	1255	36	that	that	DET
cblr-2952	1255	37	black	black	ADJ
cblr-2952	1255	38	market	market	NOUN
cblr-2952	1255	39	itself	itself	PRON
cblr-2952	1255	40	.	.	PUNCT
cblr-2952	1256	1	rather	rather	ADV
cblr-2952	1256	2	,	,	PUNCT
cblr-2952	1256	3	before	before	SCONJ
cblr-2952	1256	4	it	it	PRON
cblr-2952	1256	5	does	do	VERB
cblr-2952	1256	6	this	this	PRON
cblr-2952	1256	7	,	,	PUNCT
cblr-2952	1256	8	the	the	DET
cblr-2952	1256	9	sec	sec	PROPN
cblr-2952	1256	10	should	should	AUX
cblr-2952	1256	11	proffer	proffer	VERB
cblr-2952	1256	12	distinct	distinct	ADJ
cblr-2952	1256	13	reasons	reason	NOUN
cblr-2952	1256	14	for	for	ADP
cblr-2952	1256	15	prohibiting	prohibit	VERB
cblr-2952	1256	16	black	black	ADJ
cblr-2952	1256	17	market	market	NOUN
cblr-2952	1256	18	capital	capital	NOUN
cblr-2952	1256	19	investments	investment	NOUN
cblr-2952	1256	20	over	over	ADP
cblr-2952	1256	21	and	and	CCONJ
cblr-2952	1256	22	above	above	ADP
cblr-2952	1256	23	other	other	ADJ
cblr-2952	1256	24	equity	equity	NOUN
cblr-2952	1256	25	type	type	NOUN
cblr-2952	1256	26	investments.286	investments.286	ADJ
cblr-2952	1256	27	although	although	SCONJ
cblr-2952	1256	28	these	these	DET
cblr-2952	1256	29	investments	investment	NOUN
cblr-2952	1256	30	may	may	AUX
cblr-2952	1256	31	have	have	AUX
cblr-2952	1256	32	heightened	heighten	VERB
cblr-2952	1256	33	risk	risk	NOUN
cblr-2952	1256	34	over	over	ADP
cblr-2952	1256	35	and	and	CCONJ
cblr-2952	1256	36	above	above	ADP
cblr-2952	1256	37	the	the	DET
cblr-2952	1256	38	hedge	hedge	NOUN
cblr-2952	1256	39	fund	fund	NOUN
cblr-2952	1256	40	and	and	CCONJ
cblr-2952	1256	41	private	private	ADJ
cblr-2952	1256	42	equity	equity	NOUN
cblr-2952	1256	43	investments	investment	NOUN
cblr-2952	1256	44	they	they	PRON
cblr-2952	1256	45	attempt	attempt	VERB
cblr-2952	1256	46	to	to	PART
cblr-2952	1256	47	mimic	mimic	VERB
cblr-2952	1256	48	,	,	PUNCT
cblr-2952	1256	49	this	this	PRON
cblr-2952	1256	50	does	do	AUX
cblr-2952	1256	51	not	not	PART
cblr-2952	1256	52	mean	mean	VERB
cblr-2952	1256	53	that	that	SCONJ
cblr-2952	1256	54	this	this	DET
cblr-2952	1256	55	risk	risk	NOUN
cblr-2952	1256	56	is	be	AUX
cblr-2952	1256	57	qualitatively	qualitatively	ADV
cblr-2952	1256	58	and	and	CCONJ
cblr-2952	1256	59	quantitatively	quantitatively	ADV
cblr-2952	1256	60	different	different	ADJ
cblr-2952	1256	61	from	from	ADP
cblr-2952	1256	62	or	or	CCONJ
cblr-2952	1256	63	higher	high	ADJ
cblr-2952	1256	64	than	than	ADP
cblr-2952	1256	65	all	all	DET
cblr-2952	1256	66	other	other	ADJ
cblr-2952	1256	67	publicly	publicly	ADV
cblr-2952	1256	68	traded	trade	VERB
cblr-2952	1256	69	securities	security	NOUN
cblr-2952	1256	70	such	such	ADJ
cblr-2952	1256	71	that	that	SCONJ
cblr-2952	1256	72	their	their	PRON
cblr-2952	1256	73	prohibition	prohibition	NOUN
cblr-2952	1256	74	is	be	AUX
cblr-2952	1256	75	warranted	warrant	VERB
cblr-2952	1256	76	.	.	PUNCT
cblr-2952	1257	1	if	if	SCONJ
cblr-2952	1257	2	it	it	PRON
cblr-2952	1257	3	wants	want	VERB
cblr-2952	1257	4	to	to	PART
cblr-2952	1257	5	take	take	VERB
cblr-2952	1257	6	this	this	DET
cblr-2952	1257	7	approach	approach	NOUN
cblr-2952	1257	8	,	,	PUNCT
cblr-2952	1257	9	the	the	DET
cblr-2952	1257	10	sec	sec	PROPN
cblr-2952	1257	11	should	should	AUX
cblr-2952	1257	12	again	again	ADV
cblr-2952	1257	13	justify	justify	VERB
cblr-2952	1257	14	it	it	PRON
cblr-2952	1257	15	for	for	ADP
cblr-2952	1257	16	each	each	PRON
cblr-2952	1257	17	of	of	ADP
cblr-2952	1257	18	these	these	DET
cblr-2952	1257	19	investment	investment	NOUN
cblr-2952	1257	20	types	type	NOUN
cblr-2952	1257	21	through	through	ADP
cblr-2952	1257	22	regulatory	regulatory	ADJ
cblr-2952	1257	23	consideration	consideration	NOUN
cblr-2952	1257	24	of	of	ADP
cblr-2952	1257	25	these	these	DET
cblr-2952	1257	26	factors	factor	NOUN
cblr-2952	1257	27	,	,	PUNCT
cblr-2952	1257	28	a	a	DET
cblr-2952	1257	29	consideration	consideration	NOUN
cblr-2952	1257	30	which	which	PRON
cblr-2952	1257	31	should	should	AUX
cblr-2952	1257	32	include	include	VERB
cblr-2952	1257	33	costbenefit	costbenefit	NOUN
cblr-2952	1257	34	analysis	analysis	NOUN
cblr-2952	1257	35	.	.	PUNCT
cblr-2952	1258	1	ultimately	ultimately	ADV
cblr-2952	1258	2	,	,	PUNCT
cblr-2952	1258	3	sec	sec	PROPN
cblr-2952	1258	4	treatment	treatment	NOUN
cblr-2952	1258	5	of	of	ADP
cblr-2952	1258	6	black	black	ADJ
cblr-2952	1258	7	market	market	NOUN
cblr-2952	1258	8	investments	investment	NOUN
cblr-2952	1258	9	is	be	AUX
cblr-2952	1258	10	a	a	DET
cblr-2952	1258	11	divorced	divorced	ADJ
cblr-2952	1258	12	question	question	NOUN
cblr-2952	1258	13	from	from	ADP
cblr-2952	1258	14	whether	whether	SCONJ
cblr-2952	1258	15	hedge	hedge	NOUN
cblr-2952	1258	16	funds	fund	NOUN
cblr-2952	1258	17	or	or	CCONJ
cblr-2952	1258	18	private	private	ADJ
cblr-2952	1258	19	equity	equity	NOUN
cblr-2952	1258	20	funds	fund	NOUN
cblr-2952	1258	21	should	should	AUX
cblr-2952	1258	22	themselves	themselves	PRON
cblr-2952	1258	23	be	be	AUX
cblr-2952	1258	24	publicly	publicly	ADV
cblr-2952	1258	25	offered	offer	VERB
cblr-2952	1258	26	and	and	CCONJ
cblr-2952	1258	27	traded	trade	VERB
cblr-2952	1258	28	.	.	PUNCT
cblr-2952	1259	1	each	each	PRON
cblr-2952	1259	2	should	should	AUX
cblr-2952	1259	3	be	be	AUX
cblr-2952	1259	4	assessed	assess	VERB
cblr-2952	1259	5	individually	individually	ADV
cblr-2952	1259	6	on	on	ADP
cblr-2952	1259	7	their	their	PRON
cblr-2952	1259	8	merits	merit	NOUN
cblr-2952	1259	9	.	.	PUNCT
cblr-2952	1260	1	"	"	PUNCT
cblr-2952	1260	2	'	'	PUNCT
cblr-2952	1260	3	d.	d.	PROPN
cblr-2952	1260	4	systemic	systemic	ADJ
cblr-2952	1260	5	risk	risk	NOUN
cblr-2952	1260	6	distinct	distinct	ADJ
cblr-2952	1260	7	from	from	ADP
cblr-2952	1260	8	the	the	DET
cblr-2952	1260	9	risk	risk	NOUN
cblr-2952	1260	10	of	of	ADP
cblr-2952	1260	11	individual	individual	ADJ
cblr-2952	1260	12	investment	investment	NOUN
cblr-2952	1260	13	in	in	ADP
cblr-2952	1260	14	hedge	hedge	NOUN
cblr-2952	1260	15	funds	fund	NOUN
cblr-2952	1260	16	and	and	CCONJ
cblr-2952	1260	17	private	private	ADJ
cblr-2952	1260	18	equity	equity	NOUN
cblr-2952	1260	19	is	be	AUX
cblr-2952	1260	20	the	the	DET
cblr-2952	1260	21	risk	risk	NOUN
cblr-2952	1260	22	these	these	DET
cblr-2952	1260	23	investments	investment	NOUN
cblr-2952	1260	24	pose	pose	VERB
cblr-2952	1260	25	to	to	ADP
cblr-2952	1260	26	the	the	DET
cblr-2952	1260	27	capital	capital	NOUN
cblr-2952	1260	28	market	market	NOUN
cblr-2952	1260	29	system	system	NOUN
cblr-2952	1260	30	.	.	PUNCT
cblr-2952	1261	1	this	this	DET
cblr-2952	1261	2	risk	risk	NOUN
cblr-2952	1261	3	is	be	AUX
cblr-2952	1261	4	often	often	ADV
cblr-2952	1261	5	highlighted	highlight	VERB
cblr-2952	1261	6	by	by	ADP
cblr-2952	1261	7	regulators	regulator	NOUN
cblr-2952	1261	8	,	,	PUNCT
cblr-2952	1261	9	particularly	particularly	ADV
cblr-2952	1261	10	the	the	DET
cblr-2952	1261	11	sec	sec	PROPN
cblr-2952	1261	12	with	with	ADP
cblr-2952	1261	13	respect	respect	NOUN
cblr-2952	1261	14	to	to	PART
cblr-2952	1261	15	hedge	hedge	VERB
cblr-2952	1261	16	285	285	NUM
cblr-2952	1261	17	this	this	DET
cblr-2952	1261	18	disconnect	disconnect	NOUN
cblr-2952	1261	19	is	be	AUX
cblr-2952	1261	20	discussed	discuss	VERB
cblr-2952	1261	21	further	further	ADJ
cblr-2952	1261	22	supra	supra	PROPN
cblr-2952	1261	23	part	part	PROPN
cblr-2952	1261	24	iii	iii	PROPN
cblr-2952	1261	25	.	.	PROPN
cblr-2952	1261	26	288	288	NUM
cblr-2952	1261	27	even	even	ADV
cblr-2952	1261	28	when	when	SCONJ
cblr-2952	1261	29	the	the	DET
cblr-2952	1261	30	sec	sec	PROPN
cblr-2952	1261	31	has	have	AUX
cblr-2952	1261	32	publicly	publicly	ADV
cblr-2952	1261	33	looked	look	VERB
cblr-2952	1261	34	at	at	ADP
cblr-2952	1261	35	black	black	ADJ
cblr-2952	1261	36	market	market	NOUN
cblr-2952	1261	37	capital	capital	NOUN
cblr-2952	1261	38	investments	investment	NOUN
cblr-2952	1261	39	they	they	PRON
cblr-2952	1261	40	have	have	AUX
cblr-2952	1261	41	tended	tend	VERB
cblr-2952	1261	42	to	to	PART
cblr-2952	1261	43	view	view	VERB
cblr-2952	1261	44	these	these	DET
cblr-2952	1261	45	investments	investment	NOUN
cblr-2952	1261	46	through	through	ADP
cblr-2952	1261	47	the	the	DET
cblr-2952	1261	48	same	same	ADJ
cblr-2952	1261	49	regulatory	regulatory	ADJ
cblr-2952	1261	50	perspective	perspective	NOUN
cblr-2952	1261	51	as	as	ADP
cblr-2952	1261	52	hedge	hedge	NOUN
cblr-2952	1261	53	funds	fund	NOUN
cblr-2952	1261	54	.	.	PUNCT
cblr-2952	1262	1	see	see	VERB
cblr-2952	1262	2	,	,	PUNCT
cblr-2952	1262	3	e.g.	e.g.	ADV
cblr-2952	1262	4	,	,	PUNCT
cblr-2952	1262	5	donohue	donohue	PROPN
cblr-2952	1262	6	speech	speech	PROPN
cblr-2952	1262	7	,	,	PUNCT
cblr-2952	1262	8	supra	supra	PROPN
cblr-2952	1262	9	note	note	NOUN
cblr-2952	1262	10	24	24	NUM
cblr-2952	1262	11	(	(	PUNCT
cblr-2952	1262	12	stating	state	VERB
cblr-2952	1262	13	that	that	SCONJ
cblr-2952	1262	14	hedged	hedge	VERB
cblr-2952	1262	15	mutual	mutual	ADJ
cblr-2952	1262	16	funds	fund	NOUN
cblr-2952	1262	17	"	"	PUNCT
cblr-2952	1262	18	while	while	SCONJ
cblr-2952	1262	19	providing	provide	VERB
cblr-2952	1262	20	retail	retail	ADJ
cblr-2952	1262	21	investors	investor	NOUN
cblr-2952	1262	22	exposure	exposure	NOUN
cblr-2952	1262	23	to	to	ADP
cblr-2952	1262	24	hedge	hedge	NOUN
cblr-2952	1262	25	fund	fund	NOUN
cblr-2952	1262	26	investment	investment	NOUN
cblr-2952	1262	27	strategies	strategy	NOUN
cblr-2952	1262	28	,	,	PUNCT
cblr-2952	1262	29	may	may	AUX
cblr-2952	1262	30	,	,	PUNCT
cblr-2952	1262	31	like	like	ADP
cblr-2952	1262	32	hedge	hedge	NOUN
cblr-2952	1262	33	funds	fund	NOUN
cblr-2952	1262	34	themselves	themselves	PRON
cblr-2952	1262	35	,	,	PUNCT
cblr-2952	1262	36	raise	raise	VERB
cblr-2952	1262	37	certain	certain	ADJ
cblr-2952	1262	38	regulatory	regulatory	ADJ
cblr-2952	1262	39	and	and	CCONJ
cblr-2952	1262	40	investor	investor	NOUN
cblr-2952	1262	41	protection	protection	NOUN
cblr-2952	1262	42	concerns	concern	NOUN
cblr-2952	1262	43	"	"	PUNCT
cblr-2952	1262	44	)	)	PUNCT
cblr-2952	1262	45	.	.	PUNCT
cblr-2952	1263	1	287	287	NUM
cblr-2952	1264	1	although	although	SCONJ
cblr-2952	1264	2	in	in	ADP
cblr-2952	1264	3	assessing	assess	VERB
cblr-2952	1264	4	black	black	ADJ
cblr-2952	1264	5	market	market	NOUN
cblr-2952	1264	6	capital	capital	NOUN
cblr-2952	1264	7	investments	investment	NOUN
cblr-2952	1264	8	,	,	PUNCT
cblr-2952	1264	9	it	it	PRON
cblr-2952	1264	10	may	may	AUX
cblr-2952	1264	11	be	be	AUX
cblr-2952	1264	12	necessary	necessary	ADJ
cblr-2952	1264	13	to	to	PART
cblr-2952	1264	14	take	take	VERB
cblr-2952	1264	15	into	into	ADP
cblr-2952	1264	16	account	account	NOUN
cblr-2952	1264	17	the	the	DET
cblr-2952	1264	18	effect	effect	NOUN
cblr-2952	1264	19	public	public	ADJ
cblr-2952	1264	20	investment	investment	NOUN
cblr-2952	1264	21	in	in	ADP
cblr-2952	1264	22	hedge	hedge	NOUN
cblr-2952	1264	23	funds	fund	NOUN
cblr-2952	1264	24	and	and	CCONJ
cblr-2952	1264	25	private	private	ADJ
cblr-2952	1264	26	equity	equity	NOUN
cblr-2952	1264	27	would	would	AUX
cblr-2952	1264	28	have	have	VERB
cblr-2952	1264	29	on	on	ADP
cblr-2952	1264	30	retail	retail	ADJ
cblr-2952	1264	31	investor	investor	NOUN
cblr-2952	1264	32	demand	demand	NOUN
cblr-2952	1264	33	for	for	ADP
cblr-2952	1264	34	each	each	PRON
cblr-2952	1264	35	of	of	ADP
cblr-2952	1264	36	them	they	PRON
cblr-2952	1264	37	.	.	PUNCT
cblr-2952	1265	1	no	no	INTJ
cblr-2952	1265	2	.	.	NOUN
cblr-2952	1266	1	1	1	NUM
cblr-2952	1266	2	:	:	SYM
cblr-2952	1266	3	172	172	NUM
cblr-2952	1266	4	]	]	PUNCT
cblr-2952	1266	5	funds	fund	NOUN
cblr-2952	1266	6	,	,	PUNCT
cblr-2952	1266	7	to	to	PART
cblr-2952	1266	8	justify	justify	VERB
cblr-2952	1266	9	prohibitions	prohibition	NOUN
cblr-2952	1266	10	on	on	ADP
cblr-2952	1266	11	public	public	ADJ
cblr-2952	1266	12	investment.288	investment.288	ADJ
cblr-2952	1266	13	but	but	CCONJ
cblr-2952	1266	14	hedge	hedge	NOUN
cblr-2952	1266	15	funds	fund	NOUN
cblr-2952	1266	16	and	and	CCONJ
cblr-2952	1266	17	private	private	ADJ
cblr-2952	1266	18	equity	equity	NOUN
cblr-2952	1266	19	funds	fund	NOUN
cblr-2952	1266	20	exist	exist	VERB
cblr-2952	1266	21	and	and	CCONJ
cblr-2952	1266	22	will	will	AUX
cblr-2952	1266	23	likely	likely	VERB
cblr-2952	1266	24	to	to	PART
cblr-2952	1266	25	continue	continue	VERB
cblr-2952	1266	26	to	to	PART
cblr-2952	1266	27	thrive	thrive	VERB
cblr-2952	1266	28	and	and	CCONJ
cblr-2952	1266	29	grow	grow	VERB
cblr-2952	1266	30	whether	whether	SCONJ
cblr-2952	1266	31	or	or	CCONJ
cblr-2952	1266	32	not	not	PART
cblr-2952	1266	33	public	public	ADJ
cblr-2952	1266	34	investment	investment	NOUN
cblr-2952	1266	35	is	be	AUX
cblr-2952	1266	36	permitted	permit	VERB
cblr-2952	1266	37	.	.	PUNCT
cblr-2952	1267	1	the	the	DET
cblr-2952	1267	2	consequent	consequent	ADJ
cblr-2952	1267	3	risks	risk	NOUN
cblr-2952	1267	4	and	and	CCONJ
cblr-2952	1267	5	other	other	ADJ
cblr-2952	1267	6	issues	issue	NOUN
cblr-2952	1267	7	posed	pose	VERB
cblr-2952	1267	8	by	by	ADP
cblr-2952	1267	9	the	the	DET
cblr-2952	1267	10	presence	presence	NOUN
cblr-2952	1267	11	of	of	ADP
cblr-2952	1267	12	these	these	DET
cblr-2952	1267	13	investments	investment	NOUN
cblr-2952	1267	14	,	,	PUNCT
cblr-2952	1267	15	increased	increase	VERB
cblr-2952	1267	16	or	or	CCONJ
cblr-2952	1267	17	otherwise	otherwise	ADV
cblr-2952	1267	18	,	,	PUNCT
cblr-2952	1267	19	is	be	AUX
cblr-2952	1267	20	divorced	divorce	VERB
cblr-2952	1267	21	from	from	ADP
cblr-2952	1267	22	the	the	DET
cblr-2952	1267	23	issue	issue	NOUN
cblr-2952	1267	24	of	of	ADP
cblr-2952	1267	25	public	public	ADJ
cblr-2952	1267	26	investment	investment	NOUN
cblr-2952	1267	27	;	;	PUNCT
cblr-2952	1267	28	the	the	DET
cblr-2952	1267	29	systemic	systemic	ADJ
cblr-2952	1267	30	risk	risk	NOUN
cblr-2952	1267	31	of	of	ADP
cblr-2952	1267	32	these	these	DET
cblr-2952	1267	33	investments	investment	NOUN
cblr-2952	1267	34	is	be	AUX
cblr-2952	1267	35	a	a	DET
cblr-2952	1267	36	separate	separate	ADJ
cblr-2952	1267	37	matter	matter	NOUN
cblr-2952	1267	38	to	to	PART
cblr-2952	1267	39	be	be	AUX
cblr-2952	1267	40	addressed	address	VERB
cblr-2952	1267	41	whether	whether	SCONJ
cblr-2952	1267	42	or	or	CCONJ
cblr-2952	1267	43	not	not	PART
cblr-2952	1267	44	public	public	ADJ
cblr-2952	1267	45	investment	investment	NOUN
cblr-2952	1267	46	is	be	AUX
cblr-2952	1267	47	permitted	permit	VERB
cblr-2952	1267	48	.	.	PUNCT
cblr-2952	1268	1	public	public	ADJ
cblr-2952	1268	2	investment	investment	NOUN
cblr-2952	1268	3	is	be	AUX
cblr-2952	1268	4	only	only	ADV
cblr-2952	1268	5	problematic	problematic	ADJ
cblr-2952	1268	6	on	on	ADP
cblr-2952	1268	7	system	system	NOUN
cblr-2952	1268	8	-	-	PUNCT
cblr-2952	1268	9	wide	wide	ADJ
cblr-2952	1268	10	grounds	ground	NOUN
cblr-2952	1268	11	if	if	SCONJ
cblr-2952	1268	12	this	this	DET
cblr-2952	1268	13	investment	investment	NOUN
cblr-2952	1268	14	increases	increase	VERB
cblr-2952	1268	15	systemic	systemic	ADJ
cblr-2952	1268	16	risk	risk	NOUN
cblr-2952	1268	17	.	.	PUNCT
cblr-2952	1269	1	this	this	PRON
cblr-2952	1269	2	is	be	AUX
cblr-2952	1269	3	currently	currently	ADV
cblr-2952	1269	4	unclear	unclear	ADJ
cblr-2952	1269	5	.	.	PUNCT
cblr-2952	1270	1	the	the	DET
cblr-2952	1270	2	additional	additional	ADJ
cblr-2952	1270	3	capital	capital	NOUN
cblr-2952	1270	4	supplied	supply	VERB
cblr-2952	1270	5	to	to	ADP
cblr-2952	1270	6	these	these	DET
cblr-2952	1270	7	investments	investment	NOUN
cblr-2952	1270	8	by	by	ADP
cblr-2952	1270	9	an	an	DET
cblr-2952	1270	10	open	open	ADJ
cblr-2952	1270	11	market	market	NOUN
cblr-2952	1270	12	solution	solution	NOUN
cblr-2952	1270	13	may	may	AUX
cblr-2952	1270	14	indeed	indeed	ADV
cblr-2952	1270	15	enhance	enhance	VERB
cblr-2952	1270	16	systemic	systemic	ADJ
cblr-2952	1270	17	risk	risk	NOUN
cblr-2952	1270	18	by	by	ADP
cblr-2952	1270	19	providing	provide	VERB
cblr-2952	1270	20	these	these	DET
cblr-2952	1270	21	hedge	hedge	NOUN
cblr-2952	1270	22	funds	fund	NOUN
cblr-2952	1270	23	and	and	CCONJ
cblr-2952	1270	24	private	private	ADJ
cblr-2952	1270	25	equity	equity	NOUN
cblr-2952	1270	26	with	with	ADP
cblr-2952	1270	27	additional	additional	ADJ
cblr-2952	1270	28	capital	capital	NOUN
cblr-2952	1270	29	,	,	PUNCT
cblr-2952	1270	30	exacerbating	exacerbate	VERB
cblr-2952	1270	31	any	any	DET
cblr-2952	1270	32	adverse	adverse	ADJ
cblr-2952	1270	33	impact	impact	NOUN
cblr-2952	1270	34	they	they	PRON
cblr-2952	1270	35	may	may	AUX
cblr-2952	1270	36	already	already	ADV
cblr-2952	1270	37	have	have	VERB
cblr-2952	1270	38	or	or	CCONJ
cblr-2952	1270	39	potentially	potentially	ADV
cblr-2952	1270	40	have	have	VERB
cblr-2952	1270	41	on	on	ADP
cblr-2952	1270	42	the	the	DET
cblr-2952	1270	43	u.s	u.s	PROPN
cblr-2952	1270	44	.	.	PROPN
cblr-2952	1270	45	capital	capital	NOUN
cblr-2952	1270	46	markets	market	NOUN
cblr-2952	1270	47	.	.	PUNCT
cblr-2952	1271	1	if	if	SCONJ
cblr-2952	1271	2	this	this	PRON
cblr-2952	1271	3	is	be	AUX
cblr-2952	1271	4	true	true	ADJ
cblr-2952	1271	5	,	,	PUNCT
cblr-2952	1271	6	regulators	regulator	NOUN
cblr-2952	1271	7	should	should	AUX
cblr-2952	1271	8	confront	confront	VERB
cblr-2952	1271	9	these	these	DET
cblr-2952	1271	10	issues	issue	NOUN
cblr-2952	1271	11	directly	directly	ADV
cblr-2952	1271	12	,	,	PUNCT
cblr-2952	1271	13	regulating	regulate	VERB
cblr-2952	1271	14	these	these	DET
cblr-2952	1271	15	investments	investment	NOUN
cblr-2952	1271	16	for	for	ADP
cblr-2952	1271	17	their	their	PRON
cblr-2952	1271	18	systemic	systemic	ADJ
cblr-2952	1271	19	adverse	adverse	ADJ
cblr-2952	1271	20	effects	effect	NOUN
cblr-2952	1271	21	rather	rather	ADV
cblr-2952	1271	22	than	than	ADP
cblr-2952	1271	23	addressing	address	VERB
cblr-2952	1271	24	these	these	DET
cblr-2952	1271	25	problems	problem	NOUN
cblr-2952	1271	26	derivatively	derivatively	ADV
cblr-2952	1271	27	through	through	ADP
cblr-2952	1271	28	mediating	mediate	VERB
cblr-2952	1271	29	the	the	DET
cblr-2952	1271	30	public	public	NOUN
cblr-2952	1271	31	's	's	PART
cblr-2952	1271	32	ability	ability	NOUN
cblr-2952	1271	33	to	to	PART
cblr-2952	1271	34	invest	invest	VERB
cblr-2952	1271	35	in	in	ADP
cblr-2952	1271	36	them	they	PRON
cblr-2952	1271	37	.	.	PUNCT
cblr-2952	1272	1	moreover	moreover	ADV
cblr-2952	1272	2	,	,	PUNCT
cblr-2952	1272	3	any	any	DET
cblr-2952	1272	4	increased	increase	VERB
cblr-2952	1272	5	systemic	systemic	ADJ
cblr-2952	1272	6	risk	risk	NOUN
cblr-2952	1272	7	would	would	AUX
cblr-2952	1272	8	need	need	VERB
cblr-2952	1272	9	to	to	PART
cblr-2952	1272	10	be	be	AUX
cblr-2952	1272	11	assessed	assess	VERB
cblr-2952	1272	12	against	against	ADP
cblr-2952	1272	13	the	the	DET
cblr-2952	1272	14	benefit	benefit	NOUN
cblr-2952	1272	15	of	of	ADP
cblr-2952	1272	16	eliminating	eliminate	VERB
cblr-2952	1272	17	black	black	ADJ
cblr-2952	1272	18	market	market	NOUN
cblr-2952	1272	19	capital	capital	NOUN
cblr-2952	1272	20	,	,	PUNCT
cblr-2952	1272	21	restoring	restore	VERB
cblr-2952	1272	22	equilibrium	equilibrium	NOUN
cblr-2952	1272	23	to	to	ADP
cblr-2952	1272	24	the	the	DET
cblr-2952	1272	25	u.s	u.s	PROPN
cblr-2952	1272	26	.	.	PROPN
cblr-2952	1272	27	capital	capital	NOUN
cblr-2952	1272	28	market	market	NOUN
cblr-2952	1272	29	and	and	CCONJ
cblr-2952	1272	30	stemming	stem	VERB
cblr-2952	1272	31	any	any	DET
cblr-2952	1272	32	excess	excess	ADJ
cblr-2952	1272	33	risk	risk	NOUN
cblr-2952	1272	34	that	that	SCONJ
cblr-2952	1272	35	this	this	DET
cblr-2952	1272	36	effect	effect	NOUN
cblr-2952	1272	37	itself	itself	PRON
cblr-2952	1272	38	has	have	AUX
cblr-2952	1272	39	engendered	engender	VERB
cblr-2952	1272	40	.	.	PUNCT
cblr-2952	1273	1	89	89	NUM
cblr-2952	1274	1	yet	yet	ADV
cblr-2952	1274	2	,	,	PUNCT
cblr-2952	1274	3	the	the	DET
cblr-2952	1274	4	sec	sec	PROPN
cblr-2952	1274	5	has	have	AUX
cblr-2952	1274	6	not	not	PART
cblr-2952	1274	7	performed	perform	VERB
cblr-2952	1274	8	this	this	DET
cblr-2952	1274	9	analysis	analysis	NOUN
cblr-2952	1274	10	.	.	PUNCT
cblr-2952	1275	1	288	288	NUM
cblr-2952	1275	2	see	see	VERB
cblr-2952	1275	3	,	,	PUNCT
cblr-2952	1275	4	e.g.	e.g.	ADV
cblr-2952	1275	5	,	,	PUNCT
cblr-2952	1275	6	cox	cox	PROPN
cblr-2952	1275	7	senate	senate	PROPN
cblr-2952	1275	8	testimony	testimony	NOUN
cblr-2952	1275	9	,	,	PUNCT
cblr-2952	1275	10	supra	supra	PROPN
cblr-2952	1275	11	note	note	NOUN
cblr-2952	1275	12	11	11	NUM
cblr-2952	1275	13	(	(	PUNCT
cblr-2952	1275	14	statement	statement	NOUN
cblr-2952	1275	15	by	by	ADP
cblr-2952	1275	16	chairman	chairman	NOUN
cblr-2952	1275	17	cox	cox	PROPN
cblr-2952	1275	18	that	that	PRON
cblr-2952	1275	19	hedge	hedge	NOUN
cblr-2952	1275	20	funds	fund	NOUN
cblr-2952	1275	21	"	"	PUNCT
cblr-2952	1275	22	rais[e	rais[e	X
cblr-2952	1275	23	]	]	PUNCT
cblr-2952	1275	24	questions	question	NOUN
cblr-2952	1275	25	such	such	ADJ
cblr-2952	1275	26	as	as	ADP
cblr-2952	1275	27	systemic	systemic	ADJ
cblr-2952	1275	28	risk	risk	NOUN
cblr-2952	1275	29	and	and	CCONJ
cblr-2952	1275	30	investor	investor	NOUN
cblr-2952	1275	31	protection	protection	NOUN
cblr-2952	1275	32	.	.	PUNCT
cblr-2952	1275	33	.	.	PUNCT
cblr-2952	1275	34	"	"	PUNCT
cblr-2952	1276	1	)	)	PUNCT
cblr-2952	1276	2	.	.	PUNCT
cblr-2952	1277	1	289	289	NUM
cblr-2952	1277	2	for	for	ADP
cblr-2952	1277	3	a	a	DET
cblr-2952	1277	4	further	further	ADJ
cblr-2952	1277	5	discussion	discussion	NOUN
cblr-2952	1277	6	of	of	ADP
cblr-2952	1277	7	the	the	DET
cblr-2952	1277	8	systemic	systemic	ADJ
cblr-2952	1277	9	issues	issue	NOUN
cblr-2952	1277	10	associated	associate	VERB
cblr-2952	1277	11	with	with	ADP
cblr-2952	1277	12	hedge	hedge	NOUN
cblr-2952	1277	13	funds	fund	NOUN
cblr-2952	1277	14	,	,	PUNCT
cblr-2952	1277	15	see	see	VERB
cblr-2952	1277	16	report	report	NOUN
cblr-2952	1277	17	of	of	ADP
cblr-2952	1277	18	the	the	DET
cblr-2952	1277	19	president	president	NOUN
cblr-2952	1277	20	's	's	PART
cblr-2952	1277	21	working	working	NOUN
cblr-2952	1277	22	group	group	NOUN
cblr-2952	1277	23	on	on	ADP
cblr-2952	1277	24	financial	financial	ADJ
cblr-2952	1277	25	markets	market	NOUN
cblr-2952	1277	26	,	,	PUNCT
cblr-2952	1277	27	hedge	hedge	NOUN
cblr-2952	1277	28	funds	fund	NOUN
cblr-2952	1277	29	,	,	PUNCT
cblr-2952	1277	30	leverage	leverage	NOUN
cblr-2952	1277	31	,	,	PUNCT
cblr-2952	1277	32	and	and	CCONJ
cblr-2952	1277	33	the	the	DET
cblr-2952	1277	34	lessons	lesson	NOUN
cblr-2952	1277	35	of	of	ADP
cblr-2952	1277	36	long	long	ADJ
cblr-2952	1277	37	-	-	PUNCT
cblr-2952	1277	38	term	term	NOUN
cblr-2952	1277	39	capital	capital	NOUN
cblr-2952	1277	40	management	management	NOUN
cblr-2952	1277	41	(	(	PUNCT
cblr-2952	1277	42	apr	apr	PROPN
cblr-2952	1277	43	.	.	PROPN
cblr-2952	1277	44	1999	1999	NUM
cblr-2952	1277	45	)	)	PUNCT
cblr-2952	1277	46	,	,	PUNCT
cblr-2952	1277	47	available	available	ADJ
cblr-2952	1277	48	at	at	ADP
cblr-2952	1277	49	http://64.233.167.104/search	http://64.233.167.104/search	NOUN
cblr-2952	1277	50	?	?	PUNCT
cblr-2952	1278	1	q	q	PART
cblr-2952	1278	2	=	=	X
cblr-2952	1278	3	cache	cache	NOUN
cblr-2952	1278	4	:	:	PUNCT
cblr-2952	1278	5	jale7skt6oj	jale7skt6oj	NOUN
cblr-2952	1278	6	:	:	PUNCT
cblr-2952	1278	7	www.ustreas.gov	www.ustreas.gov	NUM
cblr-2952	1278	8	/	/	SYM
cblr-2952	1278	9	press	press	NOUN
cblr-2952	1278	10	/	/	SYM
cblr-2952	1278	11	releases	release	NOUN
cblr-2952	1278	12	/	/	SYM
cblr-2952	1278	13	reports	report	NOUN
cblr-2952	1278	14	/	/	SYM
cblr-2952	1278	15	hedgfund	hedgfund	NOUN
cblr-2952	1278	16	.	.	PUNCT
cblr-2952	1279	1	pdf+hedge+funds+reduce+system	pdf+hedge+funds+reduce+system	NOUN
cblr-2952	1279	2	-	-	PUNCT
cblr-2952	1279	3	wide+risk+through+use+of+hedging	wide+risk+through+use+of+hedging	PROPN
cblr-2952	1279	4	&	&	CCONJ
cblr-2952	1279	5	hl	hl	NOUN
cblr-2952	1279	6	=	=	SYM
cblr-2952	1279	7	en&ct	en&ct	NOUN
cblr-2952	1279	8	=	=	NOUN
cblr-2952	1279	9	clnk&cd=7&gl	clnk&cd=7&gl	NOUN
cblr-2952	1279	10	=	=	SYM
cblr-2952	1279	11	us	us	PROPN
cblr-2952	1279	12	.	.	PUNCT
cblr-2952	1280	1	columbia	columbia	PROPN
cblr-2952	1280	2	business	business	PROPN
cblr-2952	1280	3	la	la	PROPN
cblr-2952	1280	4	w	w	PROPN
cblr-2952	1280	5	re	re	VERB
cblr-2952	1280	6	view	view	NOUN
cblr-2952	1280	7	[	[	X
cblr-2952	1280	8	vol	vol	NOUN
cblr-2952	1280	9	.	.	NOUN
cblr-2952	1280	10	2008	2008	NUM
cblr-2952	1280	11	e.	e.	PROPN
cblr-2952	1280	12	cyclicality	cyclicality	PROPN
cblr-2952	1280	13	and	and	CCONJ
cblr-2952	1280	14	the	the	DET
cblr-2952	1280	15	relevance	relevance	NOUN
cblr-2952	1280	16	of	of	ADP
cblr-2952	1280	17	investment	investment	NOUN
cblr-2952	1280	18	performance	performance	NOUN
cblr-2952	1280	19	a	a	DET
cblr-2952	1280	20	third	third	ADJ
cblr-2952	1280	21	possible	possible	ADJ
cblr-2952	1280	22	issue	issue	NOUN
cblr-2952	1280	23	with	with	ADP
cblr-2952	1280	24	an	an	DET
cblr-2952	1280	25	open	open	ADJ
cblr-2952	1280	26	market	market	NOUN
cblr-2952	1280	27	solution	solution	NOUN
cblr-2952	1280	28	is	be	AUX
cblr-2952	1280	29	that	that	SCONJ
cblr-2952	1280	30	the	the	DET
cblr-2952	1280	31	black	black	ADJ
cblr-2952	1280	32	market	market	NOUN
cblr-2952	1280	33	capital	capital	NOUN
cblr-2952	1280	34	investments	investment	NOUN
cblr-2952	1280	35	such	such	DET
cblr-2952	1280	36	a	a	DET
cblr-2952	1280	37	system	system	NOUN
cblr-2952	1280	38	would	would	AUX
cblr-2952	1280	39	eliminate	eliminate	VERB
cblr-2952	1280	40	are	be	AUX
cblr-2952	1280	41	the	the	DET
cblr-2952	1280	42	product	product	NOUN
cblr-2952	1280	43	of	of	ADP
cblr-2952	1280	44	cyclicality	cyclicality	NOUN
cblr-2952	1280	45	or	or	CCONJ
cblr-2952	1280	46	"	"	PUNCT
cblr-2952	1280	47	bubbles	bubble	NOUN
cblr-2952	1280	48	"	"	PUNCT
cblr-2952	1280	49	in	in	ADP
cblr-2952	1280	50	the	the	DET
cblr-2952	1280	51	private	private	ADJ
cblr-2952	1280	52	equity	equity	NOUN
cblr-2952	1280	53	and	and	CCONJ
cblr-2952	1280	54	hedge	hedge	NOUN
cblr-2952	1280	55	fund	fund	NOUN
cblr-2952	1280	56	markets	market	NOUN
cblr-2952	1280	57	.	.	PUNCT
cblr-2952	1281	1	these	these	DET
cblr-2952	1281	2	investments	investment	NOUN
cblr-2952	1281	3	will	will	AUX
cblr-2952	1281	4	therefore	therefore	ADV
cblr-2952	1281	5	disappear	disappear	VERB
cblr-2952	1281	6	once	once	SCONJ
cblr-2952	1281	7	these	these	DET
cblr-2952	1281	8	bubbles	bubble	NOUN
cblr-2952	1281	9	"	"	PUNCT
cblr-2952	1281	10	pop	pop	VERB
cblr-2952	1281	11	,	,	PUNCT
cblr-2952	1281	12	"	"	PUNCT
cblr-2952	1281	13	making	make	VERB
cblr-2952	1281	14	regulatory	regulatory	ADJ
cblr-2952	1281	15	reform	reform	NOUN
cblr-2952	1281	16	unnecessary	unnecessary	ADJ
cblr-2952	1281	17	:	:	PUNCT
cblr-2952	1281	18	the	the	DET
cblr-2952	1281	19	social	social	ADJ
cblr-2952	1281	20	cost	cost	NOUN
cblr-2952	1281	21	of	of	ADP
cblr-2952	1281	22	black	black	ADJ
cblr-2952	1281	23	market	market	NOUN
cblr-2952	1281	24	capital	capital	NOUN
cblr-2952	1281	25	is	be	AUX
cblr-2952	1281	26	a	a	DET
cblr-2952	1281	27	transitory	transitory	ADJ
cblr-2952	1281	28	one	one	NOUN
cblr-2952	1281	29	.	.	PUNCT
cblr-2952	1282	1	this	this	DET
cblr-2952	1282	2	argument	argument	NOUN
cblr-2952	1282	3	belies	belie	VERB
cblr-2952	1282	4	the	the	DET
cblr-2952	1282	5	fundamental	fundamental	ADJ
cblr-2952	1282	6	staying	staying	NOUN
cblr-2952	1282	7	power	power	NOUN
cblr-2952	1282	8	of	of	ADP
cblr-2952	1282	9	these	these	DET
cblr-2952	1282	10	investments	investment	NOUN
cblr-2952	1282	11	.	.	PUNCT
cblr-2952	1283	1	both	both	DET
cblr-2952	1283	2	hedge	hedge	NOUN
cblr-2952	1283	3	funds	fund	NOUN
cblr-2952	1283	4	and	and	CCONJ
cblr-2952	1283	5	private	private	ADJ
cblr-2952	1283	6	equity	equity	NOUN
cblr-2952	1283	7	have	have	AUX
cblr-2952	1283	8	been	be	AUX
cblr-2952	1283	9	on	on	ADP
cblr-2952	1283	10	an	an	DET
cblr-2952	1283	11	upward	upward	ADJ
cblr-2952	1283	12	course	course	NOUN
cblr-2952	1283	13	for	for	ADP
cblr-2952	1283	14	the	the	DET
cblr-2952	1283	15	last	last	ADJ
cblr-2952	1283	16	three	three	NUM
cblr-2952	1283	17	decades	decade	NOUN
cblr-2952	1283	18	,	,	PUNCT
cblr-2952	1283	19	and	and	CCONJ
cblr-2952	1283	20	appear	appear	VERB
cblr-2952	1283	21	to	to	PART
cblr-2952	1283	22	be	be	AUX
cblr-2952	1283	23	a	a	DET
cblr-2952	1283	24	secular	secular	ADJ
cblr-2952	1283	25	trend	trend	NOUN
cblr-2952	1283	26	that	that	PRON
cblr-2952	1283	27	will	will	AUX
cblr-2952	1283	28	persist	persist	VERB
cblr-2952	1283	29	on	on	ADP
cblr-2952	1283	30	some	some	DET
cblr-2952	1283	31	level	level	NOUN
cblr-2952	1283	32	due	due	ADP
cblr-2952	1283	33	to	to	ADP
cblr-2952	1283	34	their	their	PRON
cblr-2952	1283	35	unique	unique	ADJ
cblr-2952	1283	36	investing	investing	NOUN
cblr-2952	1283	37	benefits	benefit	NOUN
cblr-2952	1283	38	.	.	PUNCT
cblr-2952	1284	1	moreover	moreover	ADV
cblr-2952	1284	2	,	,	PUNCT
cblr-2952	1284	3	the	the	DET
cblr-2952	1284	4	cyclicality	cyclicality	NOUN
cblr-2952	1284	5	of	of	ADP
cblr-2952	1284	6	private	private	ADJ
cblr-2952	1284	7	equity	equity	NOUN
cblr-2952	1284	8	is	be	AUX
cblr-2952	1284	9	similar	similar	ADJ
cblr-2952	1284	10	to	to	ADP
cblr-2952	1284	11	other	other	ADJ
cblr-2952	1284	12	assets	asset	NOUN
cblr-2952	1284	13	classes	class	NOUN
cblr-2952	1284	14	such	such	ADJ
cblr-2952	1284	15	as	as	ADP
cblr-2952	1284	16	the	the	DET
cblr-2952	1284	17	real	real	ADJ
cblr-2952	1284	18	estate	estate	NOUN
cblr-2952	1284	19	,	,	PUNCT
cblr-2952	1284	20	takeover	takeover	NOUN
cblr-2952	1284	21	,	,	PUNCT
cblr-2952	1284	22	and	and	CCONJ
cblr-2952	1284	23	equity	equity	NOUN
cblr-2952	1284	24	markets	market	NOUN
cblr-2952	1284	25	generally	generally	ADV
cblr-2952	1284	26	.	.	PUNCT
cblr-2952	1285	1	"	"	PUNCT
cblr-2952	1285	2	'	'	PUNCT
cblr-2952	1285	3	to	to	ADP
cblr-2952	1285	4	the	the	DET
cblr-2952	1285	5	extent	extent	NOUN
cblr-2952	1285	6	private	private	ADJ
cblr-2952	1285	7	equity	equity	NOUN
cblr-2952	1285	8	has	have	AUX
cblr-2952	1285	9	recently	recently	ADV
cblr-2952	1285	10	experienced	experience	VERB
cblr-2952	1285	11	a	a	DET
cblr-2952	1285	12	cyclical	cyclical	ADJ
cblr-2952	1285	13	upward	upward	ADJ
cblr-2952	1285	14	swing	swing	NOUN
cblr-2952	1285	15	and	and	CCONJ
cblr-2952	1285	16	may	may	AUX
cblr-2952	1285	17	be	be	AUX
cblr-2952	1285	18	entering	enter	VERB
cblr-2952	1285	19	into	into	ADP
cblr-2952	1285	20	a	a	DET
cblr-2952	1285	21	downward	downward	ADJ
cblr-2952	1285	22	one	one	NOUN
cblr-2952	1285	23	,	,	PUNCT
cblr-2952	1285	24	it	it	PRON
cblr-2952	1285	25	will	will	AUX
cblr-2952	1285	26	continue	continue	VERB
cblr-2952	1285	27	to	to	PART
cblr-2952	1285	28	exist	exist	VERB
cblr-2952	1285	29	even	even	ADV
cblr-2952	1285	30	in	in	ADP
cblr-2952	1285	31	a	a	DET
cblr-2952	1285	32	downward	downward	ADJ
cblr-2952	1285	33	cycle	cycle	NOUN
cblr-2952	1285	34	,	,	PUNCT
cblr-2952	1285	35	at	at	ADP
cblr-2952	1285	36	some	some	DET
cblr-2952	1285	37	point	point	NOUN
cblr-2952	1285	38	returning	return	VERB
cblr-2952	1285	39	to	to	ADP
cblr-2952	1285	40	an	an	DET
cblr-2952	1285	41	upward	upward	ADJ
cblr-2952	1285	42	slope	slope	NOUN
cblr-2952	1285	43	.	.	PUNCT
cblr-2952	1286	1	black	black	ADJ
cblr-2952	1286	2	market	market	NOUN
cblr-2952	1286	3	capital	capital	NOUN
cblr-2952	1286	4	private	private	ADJ
cblr-2952	1286	5	equity	equity	NOUN
cblr-2952	1286	6	investments	investment	NOUN
cblr-2952	1286	7	will	will	AUX
cblr-2952	1286	8	similarly	similarly	ADV
cblr-2952	1286	9	mimic	mimic	VERB
cblr-2952	1286	10	this	this	DET
cblr-2952	1286	11	pattern	pattern	NOUN
cblr-2952	1286	12	.	.	PUNCT
cblr-2952	1287	1	moreover	moreover	ADV
cblr-2952	1287	2	,	,	PUNCT
cblr-2952	1287	3	hedge	hedge	NOUN
cblr-2952	1287	4	funds	fund	NOUN
cblr-2952	1287	5	,	,	PUNCT
cblr-2952	1287	6	as	as	ADP
cblr-2952	1287	7	an	an	DET
cblr-2952	1287	8	investment	investment	NOUN
cblr-2952	1287	9	and	and	CCONJ
cblr-2952	1287	10	not	not	PART
cblr-2952	1287	11	an	an	DET
cblr-2952	1287	12	asset	asset	NOUN
cblr-2952	1287	13	class	class	NOUN
cblr-2952	1287	14	,	,	PUNCT
cblr-2952	1287	15	lack	lack	VERB
cblr-2952	1287	16	the	the	DET
cblr-2952	1287	17	overall	overall	ADJ
cblr-2952	1287	18	cyclicality	cyclicality	NOUN
cblr-2952	1287	19	of	of	ADP
cblr-2952	1287	20	private	private	ADJ
cblr-2952	1287	21	equity	equity	NOUN
cblr-2952	1287	22	.	.	PUNCT
cblr-2952	1288	1	hedge	hedge	NOUN
cblr-2952	1288	2	funds	fund	NOUN
cblr-2952	1288	3	have	have	VERB
cblr-2952	1288	4	a	a	DET
cblr-2952	1288	5	variety	variety	NOUN
cblr-2952	1288	6	of	of	ADP
cblr-2952	1288	7	investment	investment	NOUN
cblr-2952	1288	8	strategies	strategy	NOUN
cblr-2952	1288	9	and	and	CCONJ
cblr-2952	1288	10	attempt	attempt	NOUN
cblr-2952	1288	11	for	for	ADP
cblr-2952	1288	12	absolute	absolute	ADJ
cblr-2952	1288	13	returns	return	NOUN
cblr-2952	1288	14	which	which	PRON
cblr-2952	1288	15	often	often	ADV
cblr-2952	1288	16	aim	aim	VERB
cblr-2952	1288	17	to	to	PART
cblr-2952	1288	18	be	be	AUX
cblr-2952	1288	19	anticyclical	anticyclical	ADJ
cblr-2952	1288	20	.	.	PUNCT
cblr-2952	1289	1	these	these	DET
cblr-2952	1289	2	strategies	strategy	NOUN
cblr-2952	1289	3	are	be	AUX
cblr-2952	1289	4	often	often	ADV
cblr-2952	1289	5	dissimilar	dissimilar	ADJ
cblr-2952	1289	6	and	and	CCONJ
cblr-2952	1289	7	often	often	ADV
cblr-2952	1289	8	are	be	AUX
cblr-2952	1289	9	specifically	specifically	ADV
cblr-2952	1289	10	designed	design	VERB
cblr-2952	1289	11	to	to	PART
cblr-2952	1289	12	damper	damper	VERB
cblr-2952	1289	13	volatility	volatility	NOUN
cblr-2952	1289	14	while	while	SCONJ
cblr-2952	1289	15	returning	return	VERB
cblr-2952	1289	16	an	an	DET
cblr-2952	1289	17	absolute	absolute	ADJ
cblr-2952	1289	18	positive	positive	ADJ
cblr-2952	1289	19	return.29	return.29	NOUN
cblr-2952	1289	20	'	'	PART
cblr-2952	1289	21	other	other	ADJ
cblr-2952	1289	22	hedge	hedge	NOUN
cblr-2952	1289	23	funds	fund	NOUN
cblr-2952	1289	24	aim	aim	VERB
cblr-2952	1289	25	for	for	ADP
cblr-2952	1289	26	counter	counter	ADJ
cblr-2952	1289	27	-	-	ADJ
cblr-2952	1289	28	cyclical	cyclical	ADJ
cblr-2952	1289	29	performance	performance	NOUN
cblr-2952	1289	30	.	.	PUNCT
cblr-2952	1290	1	for	for	ADP
cblr-2952	1290	2	example	example	NOUN
cblr-2952	1290	3	,	,	PUNCT
cblr-2952	1290	4	this	this	DET
cblr-2952	1290	5	article	article	NOUN
cblr-2952	1290	6	was	be	AUX
cblr-2952	1290	7	first	first	ADV
cblr-2952	1290	8	drafted	draft	VERB
cblr-2952	1290	9	in	in	ADP
cblr-2952	1290	10	august	august	PROPN
cblr-2952	1290	11	2007	2007	NUM
cblr-2952	1290	12	,	,	PUNCT
cblr-2952	1290	13	a	a	DET
cblr-2952	1290	14	time	time	NOUN
cblr-2952	1290	15	of	of	ADP
cblr-2952	1290	16	heightened	heightened	ADJ
cblr-2952	1290	17	market	market	NOUN
cblr-2952	1290	18	volatility	volatility	NOUN
cblr-2952	1290	19	and	and	CCONJ
cblr-2952	1290	20	crisis	crisis	NOUN
cblr-2952	1290	21	,	,	PUNCT
cblr-2952	1290	22	yet	yet	CCONJ
cblr-2952	1290	23	many	many	ADJ
cblr-2952	1290	24	hedge	hedge	NOUN
cblr-2952	1290	25	funds	fund	NOUN
cblr-2952	1290	26	are	be	AUX
cblr-2952	1290	27	profiting	profit	VERB
cblr-2952	1290	28	from	from	ADP
cblr-2952	1290	29	this	this	DET
cblr-2952	1290	30	market	market	NOUN
cblr-2952	1290	31	stress.2	stress.2	NOUN
cblr-2952	1290	32	9	9	NUM
cblr-2952	1290	33	it	it	PRON
cblr-2952	1290	34	even	even	ADV
cblr-2952	1290	35	appears	appear	VERB
cblr-2952	1290	36	that	that	SCONJ
cblr-2952	1290	37	hedge	hedge	VERB
cblr-2952	1290	38	290	290	NUM
cblr-2952	1290	39	see	see	NOUN
cblr-2952	1290	40	cheffins	cheffin	NOUN
cblr-2952	1290	41	&	&	CCONJ
cblr-2952	1290	42	armour	armour	PROPN
cblr-2952	1290	43	,	,	PUNCT
cblr-2952	1290	44	supra	supra	PROPN
cblr-2952	1290	45	note	note	NOUN
cblr-2952	1290	46	32	32	NUM
cblr-2952	1290	47	,	,	PUNCT
cblr-2952	1290	48	at	at	ADP
cblr-2952	1290	49	38	38	NUM
cblr-2952	1290	50	.	.	PUNCT
cblr-2952	1291	1	291	291	NUM
cblr-2952	1291	2	see	see	VERB
cblr-2952	1291	3	fung	fung	PROPN
cblr-2952	1291	4	&	&	CCONJ
cblr-2952	1291	5	hsieh	hsieh	PROPN
cblr-2952	1291	6	,	,	PUNCT
cblr-2952	1291	7	supra	supra	PROPN
cblr-2952	1291	8	note	note	PROPN
cblr-2952	1291	9	77	77	NUM
cblr-2952	1291	10	,	,	PUNCT
cblr-2952	1291	11	at	at	ADP
cblr-2952	1291	12	16	16	NUM
cblr-2952	1291	13	-	-	SYM
cblr-2952	1291	14	26	26	NUM
cblr-2952	1291	15	.	.	PUNCT
cblr-2952	1292	1	292	292	NUM
cblr-2952	1292	2	additionally	additionally	ADV
cblr-2952	1292	3	,	,	PUNCT
cblr-2952	1292	4	private	private	ADJ
cblr-2952	1292	5	equity	equity	NOUN
cblr-2952	1292	6	and	and	CCONJ
cblr-2952	1292	7	hedge	hedge	NOUN
cblr-2952	1292	8	funds	fund	NOUN
cblr-2952	1292	9	continue	continue	VERB
cblr-2952	1292	10	to	to	PART
cblr-2952	1292	11	exist	exist	VERB
cblr-2952	1292	12	as	as	ADP
cblr-2952	1292	13	a	a	DET
cblr-2952	1292	14	significant	significant	ADJ
cblr-2952	1292	15	force	force	NOUN
cblr-2952	1292	16	in	in	ADP
cblr-2952	1292	17	u.s	u.s	PROPN
cblr-2952	1292	18	.	.	PROPN
cblr-2952	1292	19	capital	capital	NOUN
cblr-2952	1292	20	markets	market	NOUN
cblr-2952	1292	21	,	,	PUNCT
cblr-2952	1292	22	and	and	CCONJ
cblr-2952	1292	23	so	so	ADV
cblr-2952	1292	24	long	long	ADV
cblr-2952	1292	25	as	as	SCONJ
cblr-2952	1292	26	that	that	PRON
cblr-2952	1292	27	is	be	AUX
cblr-2952	1292	28	true	true	ADJ
cblr-2952	1292	29	,	,	PUNCT
cblr-2952	1292	30	black	black	ADJ
cblr-2952	1292	31	market	market	NOUN
cblr-2952	1292	32	capital	capital	NOUN
cblr-2952	1292	33	and	and	CCONJ
cblr-2952	1292	34	its	its	PRON
cblr-2952	1292	35	adverse	adverse	ADJ
cblr-2952	1292	36	effects	effect	NOUN
cblr-2952	1292	37	will	will	AUX
cblr-2952	1292	38	also	also	ADV
cblr-2952	1292	39	persist	persist	VERB
cblr-2952	1292	40	.	.	PUNCT
cblr-2952	1293	1	for	for	ADP
cblr-2952	1293	2	example	example	NOUN
cblr-2952	1293	3	,	,	PUNCT
cblr-2952	1293	4	in	in	ADP
cblr-2952	1293	5	1999	1999	NUM
cblr-2952	1293	6	,	,	PUNCT
cblr-2952	1293	7	private	private	ADJ
cblr-2952	1293	8	equity	equity	NOUN
cblr-2952	1293	9	funds	fund	NOUN
cblr-2952	1293	10	raised	raise	VERB
cblr-2952	1293	11	$	$	SYM
cblr-2952	1293	12	41	41	NUM
cblr-2952	1293	13	billion	billion	NUM
cblr-2952	1293	14	compared	compare	VERB
cblr-2952	1293	15	to	to	ADP
cblr-2952	1293	16	$	$	SYM
cblr-2952	1293	17	171	171	NUM
cblr-2952	1293	18	billion	billion	NUM
cblr-2952	1293	19	by	by	ADP
cblr-2952	1293	20	no	no	NOUN
cblr-2952	1293	21	.	.	PUNCT
cblr-2952	1294	1	1:172	1:172	NUM
cblr-2952	1294	2	]	]	X
cblr-2952	1294	3	black	black	ADJ
cblr-2952	1294	4	market	market	NOUN
cblr-2952	1294	5	capital	capital	PROPN
cblr-2952	1294	6	columbia	columbia	PROPN
cblr-2952	1294	7	business	business	PROPN
cblr-2952	1294	8	law	law	PROPN
cblr-2952	1294	9	review	review	NOUN
cblr-2952	1294	10	funds	fund	NOUN
cblr-2952	1294	11	may	may	AUX
cblr-2952	1294	12	have	have	AUX
cblr-2952	1294	13	profited	profit	VERB
cblr-2952	1294	14	on	on	ADP
cblr-2952	1294	15	an	an	DET
cblr-2952	1294	16	aggregate	aggregate	ADJ
cblr-2952	1294	17	level.2	level.2	NOUN
cblr-2952	1294	18	93	93	NUM
cblr-2952	1294	19	the	the	DET
cblr-2952	1294	20	credit	credit	NOUN
cblr-2952	1294	21	/	/	SYM
cblr-2952	1294	22	suisse	suisse	NOUN
cblr-2952	1294	23	tremont	tremont	PROPN
cblr-2952	1294	24	index	index	NOUN
cblr-2952	1294	25	of	of	ADP
cblr-2952	1294	26	hedge	hedge	NOUN
cblr-2952	1294	27	funds	fund	NOUN
cblr-2952	1294	28	which	which	PRON
cblr-2952	1294	29	measures	measure	VERB
cblr-2952	1294	30	total	total	ADJ
cblr-2952	1294	31	hedge	hedge	NOUN
cblr-2952	1294	32	fund	fund	NOUN
cblr-2952	1294	33	performance	performance	NOUN
cblr-2952	1294	34	was	be	AUX
cblr-2952	1294	35	down	down	ADV
cblr-2952	1294	36	0.75	0.75	NUM
cblr-2952	1294	37	%	%	NOUN
cblr-2952	1294	38	during	during	ADP
cblr-2952	1294	39	june	june	PROPN
cblr-2952	1294	40	through	through	ADP
cblr-2952	1294	41	august	august	PROPN
cblr-2952	1294	42	compared	compare	VERB
cblr-2952	1294	43	to	to	ADP
cblr-2952	1294	44	a	a	DET
cblr-2952	1294	45	decline	decline	NOUN
cblr-2952	1294	46	of	of	ADP
cblr-2952	1294	47	3.8	3.8	NUM
cblr-2952	1294	48	%	%	NOUN
cblr-2952	1294	49	for	for	ADP
cblr-2952	1294	50	the	the	DET
cblr-2952	1294	51	s&p	s&p	PROPN
cblr-2952	1294	52	500	500	NUM
cblr-2952	1294	53	market	market	NOUN
cblr-2952	1294	54	index	index	NOUN
cblr-2952	1294	55	.	.	PUNCT
cblr-2952	1295	1	94	94	NUM
cblr-2952	1295	2	in	in	ADP
cblr-2952	1295	3	either	either	CCONJ
cblr-2952	1295	4	the	the	DET
cblr-2952	1295	5	case	case	NOUN
cblr-2952	1295	6	of	of	ADP
cblr-2952	1295	7	private	private	ADJ
cblr-2952	1295	8	equity	equity	NOUN
cblr-2952	1295	9	or	or	CCONJ
cblr-2952	1295	10	hedge	hedge	NOUN
cblr-2952	1295	11	funds	fund	NOUN
cblr-2952	1295	12	,	,	PUNCT
cblr-2952	1295	13	cyclicality	cyclicality	NOUN
cblr-2952	1295	14	,	,	PUNCT
cblr-2952	1295	15	to	to	ADP
cblr-2952	1295	16	the	the	DET
cblr-2952	1295	17	extent	extent	NOUN
cblr-2952	1295	18	it	it	PRON
cblr-2952	1295	19	exists	exist	VERB
cblr-2952	1295	20	,	,	PUNCT
cblr-2952	1295	21	does	do	AUX
cblr-2952	1295	22	not	not	PART
cblr-2952	1295	23	appear	appear	VERB
cblr-2952	1295	24	to	to	PART
cblr-2952	1295	25	justify	justify	VERB
cblr-2952	1295	26	or	or	CCONJ
cblr-2952	1295	27	forestall	forestall	VERB
cblr-2952	1295	28	regulatory	regulatory	ADJ
cblr-2952	1295	29	reform	reform	NOUN
cblr-2952	1295	30	.	.	PUNCT
cblr-2952	1296	1	95	95	NUM
cblr-2952	1296	2	f.	f.	PROPN
cblr-2952	1296	3	sec	sec	PROPN
cblr-2952	1296	4	imprimatur	imprimatur	NOUN
cblr-2952	1296	5	and	and	CCONJ
cblr-2952	1296	6	distraction	distraction	NOUN
cblr-2952	1296	7	finally	finally	ADV
cblr-2952	1296	8	,	,	PUNCT
cblr-2952	1296	9	there	there	PRON
cblr-2952	1296	10	is	be	VERB
cblr-2952	1296	11	the	the	DET
cblr-2952	1296	12	argument	argument	NOUN
cblr-2952	1296	13	that	that	SCONJ
cblr-2952	1296	14	an	an	DET
cblr-2952	1296	15	sec	sec	PROPN
cblr-2952	1296	16	imprimatur	imprimatur	NOUN
cblr-2952	1296	17	would	would	AUX
cblr-2952	1296	18	be	be	AUX
cblr-2952	1296	19	placed	place	VERB
cblr-2952	1296	20	upon	upon	SCONJ
cblr-2952	1296	21	these	these	DET
cblr-2952	1296	22	investments	investment	NOUN
cblr-2952	1296	23	if	if	SCONJ
cblr-2952	1296	24	they	they	PRON
cblr-2952	1296	25	are	be	AUX
cblr-2952	1296	26	publicly	publicly	ADV
cblr-2952	1296	27	available.296	available.296	NOUN
cblr-2952	1296	28	investors	investor	NOUN
cblr-2952	1296	29	would	would	AUX
cblr-2952	1296	30	now	now	ADV
cblr-2952	1296	31	be	be	AUX
cblr-2952	1296	32	misled	mislead	VERB
cblr-2952	1296	33	to	to	PART
cblr-2952	1296	34	think	think	VERB
cblr-2952	1296	35	them	they	PRON
cblr-2952	1296	36	the	the	DET
cblr-2952	1296	37	end	end	NOUN
cblr-2952	1296	38	of	of	ADP
cblr-2952	1296	39	2006	2006	NUM
cblr-2952	1296	40	,	,	PUNCT
cblr-2952	1296	41	while	while	SCONJ
cblr-2952	1296	42	hedge	hedge	NOUN
cblr-2952	1296	43	funds	fund	NOUN
cblr-2952	1296	44	have	have	AUX
cblr-2952	1296	45	experienced	experience	VERB
cblr-2952	1296	46	similar	similar	ADJ
cblr-2952	1296	47	exponential	exponential	ADJ
cblr-2952	1296	48	growth	growth	NOUN
cblr-2952	1296	49	in	in	ADP
cblr-2952	1296	50	assets	asset	NOUN
cblr-2952	1296	51	under	under	ADP
cblr-2952	1296	52	management	management	NOUN
cblr-2952	1296	53	during	during	ADP
cblr-2952	1296	54	this	this	DET
cblr-2952	1296	55	time	time	NOUN
cblr-2952	1296	56	period	period	NOUN
cblr-2952	1296	57	.	.	PUNCT
cblr-2952	1297	1	even	even	ADV
cblr-2952	1297	2	if	if	SCONJ
cblr-2952	1297	3	these	these	DET
cblr-2952	1297	4	current	current	ADJ
cblr-2952	1297	5	figures	figure	NOUN
cblr-2952	1297	6	were	be	AUX
cblr-2952	1297	7	cut	cut	VERB
cblr-2952	1297	8	in	in	ADP
cblr-2952	1297	9	half	half	NOUN
cblr-2952	1297	10	by	by	ADP
cblr-2952	1297	11	the	the	DET
cblr-2952	1297	12	effects	effect	NOUN
cblr-2952	1297	13	of	of	ADP
cblr-2952	1297	14	the	the	DET
cblr-2952	1297	15	market	market	NOUN
cblr-2952	1297	16	crisis	crisis	NOUN
cblr-2952	1297	17	,	,	PUNCT
cblr-2952	1297	18	they	they	PRON
cblr-2952	1297	19	would	would	AUX
cblr-2952	1297	20	still	still	ADV
cblr-2952	1297	21	be	be	AUX
cblr-2952	1297	22	significantly	significantly	ADV
cblr-2952	1297	23	above	above	ADP
cblr-2952	1297	24	1999	1999	NUM
cblr-2952	1297	25	levels	level	NOUN
cblr-2952	1297	26	.	.	PUNCT
cblr-2952	1298	1	see	see	VERB
cblr-2952	1298	2	charts	charts	PROPN
cblr-2952	1298	3	i.b	i.b	PROPN
cblr-2952	1298	4	.	.	PROPN
cblr-2952	1298	5	&	&	CCONJ
cblr-2952	1298	6	i.c	i.c	PROPN
cblr-2952	1298	7	.	.	PROPN
cblr-2952	1298	8	supra	supra	PROPN
cblr-2952	1298	9	at	at	ADP
cblr-2952	1298	10	part	part	NOUN
cblr-2952	1298	11	i.	i.	NOUN
cblr-2952	1298	12	"	"	PUNCT
cblr-2952	1298	13	see	see	VERB
cblr-2952	1298	14	,	,	PUNCT
cblr-2952	1298	15	e.g.	e.g.	ADV
cblr-2952	1298	16	,	,	PUNCT
cblr-2952	1298	17	alistair	alistair	PROPN
cblr-2952	1298	18	macdonald	macdonald	PROPN
cblr-2952	1298	19	,	,	PUNCT
cblr-2952	1298	20	jabre	jabre	PROPN
cblr-2952	1298	21	hedge	hedge	PROPN
cblr-2952	1298	22	fund	fund	PROPN
cblr-2952	1298	23	thrives	thrive	VERB
cblr-2952	1298	24	amid	amid	ADP
cblr-2952	1298	25	turmoil	turmoil	NOUN
cblr-2952	1298	26	,	,	PUNCT
cblr-2952	1298	27	wall	wall	PROPN
cblr-2952	1298	28	st	st	PROPN
cblr-2952	1298	29	.	.	PROPN
cblr-2952	1298	30	j.	j.	PROPN
cblr-2952	1298	31	,	,	PUNCT
cblr-2952	1298	32	aug	aug	PROPN
cblr-2952	1298	33	.	.	PROPN
cblr-2952	1298	34	4	4	NUM
cblr-2952	1298	35	,	,	PUNCT
cblr-2952	1298	36	2007	2007	NUM
cblr-2952	1298	37	,	,	PUNCT
cblr-2952	1298	38	at	at	ADP
cblr-2952	1298	39	b3	b3	PROPN
cblr-2952	1298	40	(	(	PUNCT
cblr-2952	1298	41	"	"	PUNCT
cblr-2952	1298	42	the	the	DET
cblr-2952	1298	43	hedge	hedge	NOUN
cblr-2952	1298	44	fund	fund	NOUN
cblr-2952	1298	45	that	that	SCONJ
cblr-2952	1298	46	trader	trader	NOUN
cblr-2952	1298	47	philippe	philippe	PROPN
cblr-2952	1298	48	jabre	jabre	PROPN
cblr-2952	1298	49	set	set	PROPN
cblr-2952	1298	50	...	...	PUNCT
cblr-2952	1298	51	is	be	AUX
cblr-2952	1298	52	making	make	VERB
cblr-2952	1298	53	money	money	NOUN
cblr-2952	1298	54	during	during	ADP
cblr-2952	1298	55	the	the	DET
cblr-2952	1298	56	current	current	ADJ
cblr-2952	1298	57	market	market	NOUN
cblr-2952	1298	58	turmoil	turmoil	NOUN
cblr-2952	1298	59	,	,	PUNCT
cblr-2952	1298	60	underscoring	underscore	VERB
cblr-2952	1298	61	how	how	SCONJ
cblr-2952	1298	62	some	some	DET
cblr-2952	1298	63	hedge	hedge	NOUN
cblr-2952	1298	64	funds	fund	NOUN
cblr-2952	1298	65	have	have	AUX
cblr-2952	1298	66	avoided	avoid	VERB
cblr-2952	1298	67	losses	loss	NOUN
cblr-2952	1298	68	or	or	CCONJ
cblr-2952	1298	69	even	even	ADV
cblr-2952	1298	70	made	make	VERB
cblr-2952	1298	71	hay	hay	NOUN
cblr-2952	1298	72	during	during	ADP
cblr-2952	1298	73	the	the	DET
cblr-2952	1298	74	same	same	ADJ
cblr-2952	1298	75	woes	woe	NOUN
cblr-2952	1298	76	that	that	PRON
cblr-2952	1298	77	have	have	AUX
cblr-2952	1298	78	closed	close	VERB
cblr-2952	1298	79	some	some	PRON
cblr-2952	1298	80	of	of	ADP
cblr-2952	1298	81	their	their	PRON
cblr-2952	1298	82	peers	peer	NOUN
cblr-2952	1298	83	.	.	PUNCT
cblr-2952	1298	84	"	"	PUNCT
cblr-2952	1298	85	)	)	PUNCT
cblr-2952	1298	86	.	.	PUNCT
cblr-2952	1299	1	294	294	NUM
cblr-2952	1299	2	bloomberg	bloomberg	PROPN
cblr-2952	1299	3	data	data	PROPN
cblr-2952	1299	4	terminal	terminal	NOUN
cblr-2952	1299	5	(	(	PUNCT
cblr-2952	1299	6	search	search	NOUN
cblr-2952	1299	7	data	datum	NOUN
cblr-2952	1299	8	on	on	ADP
cblr-2952	1299	9	file	file	NOUN
cblr-2952	1299	10	with	with	ADP
cblr-2952	1299	11	author	author	NOUN
cblr-2952	1299	12	)	)	PUNCT
cblr-2952	1299	13	.	.	PUNCT
cblr-2952	1300	1	i	i	PRON
cblr-2952	1300	2	discuss	discuss	VERB
cblr-2952	1300	3	the	the	DET
cblr-2952	1300	4	relevance	relevance	NOUN
cblr-2952	1300	5	of	of	ADP
cblr-2952	1300	6	the	the	DET
cblr-2952	1300	7	credit	credit	NOUN
cblr-2952	1300	8	suisse	suisse	PROPN
cblr-2952	1300	9	/	/	SYM
cblr-2952	1300	10	tremont	tremont	PROPN
cblr-2952	1300	11	index	index	NOUN
cblr-2952	1300	12	for	for	ADP
cblr-2952	1300	13	tracking	track	VERB
cblr-2952	1300	14	hedge	hedge	NOUN
cblr-2952	1300	15	fund	fund	NOUN
cblr-2952	1300	16	performance	performance	NOUN
cblr-2952	1300	17	supra	supra	NOUN
cblr-2952	1300	18	at	at	ADP
cblr-2952	1300	19	notes	note	NOUN
cblr-2952	1300	20	71	71	NUM
cblr-2952	1300	21	-	-	SYM
cblr-2952	1300	22	73	73	NUM
cblr-2952	1300	23	and	and	CCONJ
cblr-2952	1300	24	accompanying	accompany	VERB
cblr-2952	1300	25	text	text	NOUN
cblr-2952	1300	26	.	.	PUNCT
cblr-2952	1301	1	see	see	VERB
cblr-2952	1301	2	also	also	ADV
cblr-2952	1301	3	nadia	nadia	PROPN
cblr-2952	1301	4	van	van	PROPN
cblr-2952	1301	5	dalen	dalen	PROPN
cblr-2952	1301	6	,	,	PUNCT
cblr-2952	1301	7	hedge	hedge	NOUN
cblr-2952	1301	8	funds	fund	NOUN
cblr-2952	1301	9	outperform	outperform	VERB
cblr-2952	1301	10	in	in	ADP
cblr-2952	1301	11	the	the	DET
cblr-2952	1301	12	third	third	ADJ
cblr-2952	1301	13	quarter	quarter	NOUN
cblr-2952	1301	14	,	,	PUNCT
cblr-2952	1301	15	oct	oct	PROPN
cblr-2952	1301	16	.	.	PROPN
cblr-2952	1301	17	16	16	NUM
cblr-2952	1301	18	,	,	PUNCT
cblr-2952	1301	19	2007	2007	NUM
cblr-2952	1301	20	,	,	PUNCT
cblr-2952	1301	21	available	available	ADJ
cblr-2952	1301	22	at	at	ADP
cblr-2952	1301	23	http://news.morningstar.com/articlenet/article.aspx?id	http://news.morningstar.com/articlenet/article.aspx?id	NOUN
cblr-2952	1301	24	=	=	NOUN
cblr-2952	1301	25	209677&-qsbpa	209677&-qsbpa	NUM
cblr-2952	1301	26	=	=	SYM
cblr-2952	1301	27	y	y	PROPN
cblr-2952	1301	28	(	(	PUNCT
cblr-2952	1301	29	"	"	PUNCT
cblr-2952	1301	30	hedge	hedge	NOUN
cblr-2952	1301	31	funds	fund	NOUN
cblr-2952	1301	32	in	in	ADP
cblr-2952	1301	33	morningstar	morningstar	PROPN
cblr-2952	1301	34	's	's	PART
cblr-2952	1301	35	database	database	NOUN
cblr-2952	1301	36	returned	return	VERB
cblr-2952	1301	37	an	an	DET
cblr-2952	1301	38	average	average	NOUN
cblr-2952	1301	39	of	of	ADP
cblr-2952	1301	40	2.44	2.44	NUM
cblr-2952	1301	41	%	%	NOUN
cblr-2952	1301	42	over	over	ADP
cblr-2952	1301	43	the	the	DET
cblr-2952	1301	44	third	third	ADJ
cblr-2952	1301	45	quarter	quarter	NOUN
cblr-2952	1301	46	of	of	ADP
cblr-2952	1301	47	2007	2007	NUM
cblr-2952	1301	48	,	,	PUNCT
cblr-2952	1301	49	outperforming	outperform	VERB
cblr-2952	1301	50	the	the	DET
cblr-2952	1301	51	s&p	s&p	PROPN
cblr-2952	1301	52	500	500	NUM
cblr-2952	1301	53	and	and	CCONJ
cblr-2952	1301	54	the	the	DET
cblr-2952	1301	55	msci	msci	PROPN
cblr-2952	1301	56	world	world	NOUN
cblr-2952	1301	57	in	in	ADP
cblr-2952	1301	58	u.s	u.s	PROPN
cblr-2952	1301	59	.	.	PROPN
cblr-2952	1301	60	dollars	dollar	NOUN
cblr-2952	1301	61	.	.	PUNCT
cblr-2952	1302	1	september	september	PROPN
cblr-2952	1302	2	gains	gain	NOUN
cblr-2952	1302	3	of	of	ADP
cblr-2952	1302	4	3.7	3.7	NUM
cblr-2952	1302	5	%	%	NOUN
cblr-2952	1302	6	overcame	overcome	VERB
cblr-2952	1302	7	poor	poor	ADJ
cblr-2952	1302	8	performance	performance	NOUN
cblr-2952	1302	9	in	in	ADP
cblr-2952	1302	10	july	july	PROPN
cblr-2952	1302	11	and	and	CCONJ
cblr-2952	1302	12	august	august	PROPN
cblr-2952	1302	13	of	of	ADP
cblr-2952	1302	14	0.42	0.42	NUM
cblr-2952	1302	15	%	%	NOUN
cblr-2952	1302	16	and	and	CCONJ
cblr-2952	1302	17	negative	negative	ADJ
cblr-2952	1302	18	1.63	1.63	NUM
cblr-2952	1302	19	%	%	NOUN
cblr-2952	1302	20	,	,	PUNCT
cblr-2952	1302	21	respectively	respectively	ADV
cblr-2952	1302	22	.	.	PUNCT
cblr-2952	1302	23	"	"	PUNCT
cblr-2952	1302	24	)	)	PUNCT
cblr-2952	1302	25	.	.	PUNCT
cblr-2952	1303	1	...	...	PUNCT
cblr-2952	1304	1	certainly	certainly	ADV
cblr-2952	1304	2	the	the	DET
cblr-2952	1304	3	august	august	PROPN
cblr-2952	1304	4	2007	2007	NUM
cblr-2952	1304	5	market	market	NOUN
cblr-2952	1304	6	volatility	volatility	NOUN
cblr-2952	1304	7	and	and	CCONJ
cblr-2952	1304	8	the	the	DET
cblr-2952	1304	9	extreme	extreme	ADJ
cblr-2952	1304	10	negative	negative	ADJ
cblr-2952	1304	11	returns	return	NOUN
cblr-2952	1304	12	experienced	experience	VERB
cblr-2952	1304	13	by	by	ADP
cblr-2952	1304	14	particular	particular	ADJ
cblr-2952	1304	15	types	type	NOUN
cblr-2952	1304	16	of	of	ADP
cblr-2952	1304	17	hedge	hedge	NOUN
cblr-2952	1304	18	funds	fund	NOUN
cblr-2952	1304	19	,	,	PUNCT
cblr-2952	1304	20	such	such	ADJ
cblr-2952	1304	21	as	as	ADP
cblr-2952	1304	22	quantitative	quantitative	ADJ
cblr-2952	1304	23	market	market	NOUN
cblr-2952	1304	24	neutral	neutral	ADJ
cblr-2952	1304	25	hedge	hedge	NOUN
cblr-2952	1304	26	funds	fund	NOUN
cblr-2952	1304	27	,	,	PUNCT
cblr-2952	1304	28	warrant	warrant	VERB
cblr-2952	1304	29	further	further	ADJ
cblr-2952	1304	30	study	study	NOUN
cblr-2952	1304	31	of	of	ADP
cblr-2952	1304	32	and	and	CCONJ
cblr-2952	1304	33	concern	concern	NOUN
cblr-2952	1304	34	over	over	ADP
cblr-2952	1304	35	the	the	DET
cblr-2952	1304	36	systemic	systemic	ADJ
cblr-2952	1304	37	risk	risk	NOUN
cblr-2952	1304	38	impact	impact	NOUN
cblr-2952	1304	39	of	of	ADP
cblr-2952	1304	40	hedge	hedge	NOUN
cblr-2952	1304	41	funds	fund	NOUN
cblr-2952	1304	42	.	.	PUNCT
cblr-2952	1305	1	yet	yet	ADV
cblr-2952	1305	2	again	again	ADV
cblr-2952	1305	3	,	,	PUNCT
cblr-2952	1305	4	any	any	DET
cblr-2952	1305	5	analysis	analysis	NOUN
cblr-2952	1305	6	should	should	AUX
cblr-2952	1305	7	divorce	divorce	VERB
cblr-2952	1305	8	the	the	DET
cblr-2952	1305	9	system	system	NOUN
cblr-2952	1305	10	-	-	PUNCT
cblr-2952	1305	11	wide	wide	ADJ
cblr-2952	1305	12	risk	risk	NOUN
cblr-2952	1305	13	from	from	ADP
cblr-2952	1305	14	the	the	DET
cblr-2952	1305	15	individualized	individualized	ADJ
cblr-2952	1305	16	risk	risk	NOUN
cblr-2952	1305	17	in	in	ADP
cblr-2952	1305	18	order	order	NOUN
cblr-2952	1305	19	to	to	PART
cblr-2952	1305	20	assess	assess	VERB
cblr-2952	1305	21	the	the	DET
cblr-2952	1305	22	benefits	benefit	NOUN
cblr-2952	1305	23	of	of	ADP
cblr-2952	1305	24	public	public	ADJ
cblr-2952	1305	25	shareholder	shareholder	NOUN
cblr-2952	1305	26	investment	investment	NOUN
cblr-2952	1305	27	in	in	ADP
cblr-2952	1305	28	hedge	hedge	NOUN
cblr-2952	1305	29	funds	fund	NOUN
cblr-2952	1305	30	and	and	CCONJ
cblr-2952	1305	31	private	private	ADJ
cblr-2952	1305	32	equity	equity	NOUN
cblr-2952	1305	33	.	.	PUNCT
cblr-2952	1306	1	296	296	NUM
cblr-2952	1306	2	this	this	PRON
cblr-2952	1306	3	was	be	AUX
cblr-2952	1306	4	one	one	NUM
cblr-2952	1306	5	argument	argument	NOUN
cblr-2952	1306	6	put	put	VERB
cblr-2952	1306	7	forth	forth	ADP
cblr-2952	1306	8	by	by	ADP
cblr-2952	1306	9	sec	sec	PROPN
cblr-2952	1306	10	commissioners	commissioner	NOUN
cblr-2952	1306	11	cynthia	cynthia	PROPN
cblr-2952	1306	12	a.	a.	PROPN
cblr-2952	1306	13	glassman	glassman	PROPN
cblr-2952	1306	14	and	and	CCONJ
cblr-2952	1306	15	paul	paul	PROPN
cblr-2952	1306	16	s.	s.	PROPN
cblr-2952	1306	17	atkins	atkins	PROPN
cblr-2952	1306	18	in	in	ADP
cblr-2952	1306	19	their	their	PRON
cblr-2952	1306	20	dissent	dissent	NOUN
cblr-2952	1306	21	from	from	ADP
cblr-2952	1306	22	the	the	DET
cblr-2952	1306	23	sec	sec	PROPN
cblr-2952	1306	24	's	's	PART
cblr-2952	1306	25	hedge	hedge	NOUN
cblr-2952	1306	26	[	[	X
cblr-2952	1306	27	vol	vol	NOUN
cblr-2952	1306	28	.	.	NOUN
cblr-2952	1306	29	2008	2008	NUM
cblr-2952	1306	30	black	black	ADJ
cblr-2952	1306	31	market	market	NOUN
cblr-2952	1306	32	capital	capital	NOUN
cblr-2952	1306	33	appropriate	appropriate	ADJ
cblr-2952	1306	34	investments	investment	NOUN
cblr-2952	1306	35	merely	merely	ADV
cblr-2952	1306	36	because	because	SCONJ
cblr-2952	1306	37	they	they	PRON
cblr-2952	1306	38	are	be	AUX
cblr-2952	1306	39	publicly	publicly	ADV
cblr-2952	1306	40	offered	offer	VERB
cblr-2952	1306	41	and	and	CCONJ
cblr-2952	1306	42	listed	list	VERB
cblr-2952	1306	43	.	.	PUNCT
cblr-2952	1307	1	this	this	PRON
cblr-2952	1307	2	is	be	AUX
cblr-2952	1307	3	a	a	DET
cblr-2952	1307	4	truism	truism	NOUN
cblr-2952	1307	5	which	which	PRON
cblr-2952	1307	6	can	can	AUX
cblr-2952	1307	7	be	be	AUX
cblr-2952	1307	8	said	say	VERB
cblr-2952	1307	9	of	of	ADP
cblr-2952	1307	10	all	all	DET
cblr-2952	1307	11	u.s	u.s	PROPN
cblr-2952	1307	12	.	.	PROPN
cblr-2952	1307	13	public	public	ADJ
cblr-2952	1307	14	investing	investing	NOUN
cblr-2952	1307	15	.	.	PUNCT
cblr-2952	1308	1	here	here	ADV
cblr-2952	1308	2	lies	lie	VERB
cblr-2952	1308	3	the	the	DET
cblr-2952	1308	4	objection	objection	NOUN
cblr-2952	1308	5	's	's	PART
cblr-2952	1308	6	tension	tension	NOUN
cblr-2952	1308	7	point	point	NOUN
cblr-2952	1308	8	.	.	PUNCT
cblr-2952	1309	1	if	if	SCONJ
cblr-2952	1309	2	all	all	DET
cblr-2952	1309	3	other	other	ADJ
cblr-2952	1309	4	investments	investment	NOUN
cblr-2952	1309	5	are	be	AUX
cblr-2952	1309	6	permitted	permit	VERB
cblr-2952	1309	7	,	,	PUNCT
cblr-2952	1309	8	then	then	ADV
cblr-2952	1309	9	why	why	SCONJ
cblr-2952	1309	10	should	should	AUX
cblr-2952	1309	11	this	this	DET
cblr-2952	1309	12	investment	investment	NOUN
cblr-2952	1309	13	be	be	AUX
cblr-2952	1309	14	excluded	exclude	VERB
cblr-2952	1309	15	from	from	ADP
cblr-2952	1309	16	the	the	DET
cblr-2952	1309	17	purview	purview	NOUN
cblr-2952	1309	18	of	of	ADP
cblr-2952	1309	19	investor	investor	NOUN
cblr-2952	1309	20	choice	choice	NOUN
cblr-2952	1309	21	?	?	PUNCT
cblr-2952	1310	1	certainly	certainly	ADV
cblr-2952	1310	2	these	these	DET
cblr-2952	1310	3	investments	investment	NOUN
cblr-2952	1310	4	may	may	AUX
cblr-2952	1310	5	not	not	PART
cblr-2952	1310	6	be	be	AUX
cblr-2952	1310	7	appropriate	appropriate	ADJ
cblr-2952	1310	8	for	for	ADP
cblr-2952	1310	9	all	all	DET
cblr-2952	1310	10	investors	investor	NOUN
cblr-2952	1310	11	,	,	PUNCT
cblr-2952	1310	12	but	but	CCONJ
cblr-2952	1310	13	they	they	PRON
cblr-2952	1310	14	can	can	AUX
cblr-2952	1310	15	prove	prove	VERB
cblr-2952	1310	16	beneficial	beneficial	ADJ
cblr-2952	1310	17	for	for	ADP
cblr-2952	1310	18	many	many	ADJ
cblr-2952	1310	19	.	.	PUNCT
cblr-2952	1311	1	moreover	moreover	ADV
cblr-2952	1311	2	,	,	PUNCT
cblr-2952	1311	3	the	the	DET
cblr-2952	1311	4	sec	sec	PROPN
cblr-2952	1311	5	supervision	supervision	NOUN
cblr-2952	1311	6	of	of	ADP
cblr-2952	1311	7	public	public	ADJ
cblr-2952	1311	8	hedge	hedge	NOUN
cblr-2952	1311	9	funds	fund	NOUN
cblr-2952	1311	10	and	and	CCONJ
cblr-2952	1311	11	private	private	ADJ
cblr-2952	1311	12	equity	equity	NOUN
cblr-2952	1311	13	funds	fund	NOUN
cblr-2952	1311	14	would	would	AUX
cblr-2952	1311	15	be	be	AUX
cblr-2952	1311	16	equivalent	equivalent	ADJ
cblr-2952	1311	17	to	to	ADP
cblr-2952	1311	18	what	what	PRON
cblr-2952	1311	19	investors	investor	NOUN
cblr-2952	1311	20	currently	currently	ADV
cblr-2952	1311	21	have	have	AUX
cblr-2952	1311	22	when	when	SCONJ
cblr-2952	1311	23	making	make	VERB
cblr-2952	1311	24	black	black	ADJ
cblr-2952	1311	25	market	market	NOUN
cblr-2952	1311	26	capital	capital	NOUN
cblr-2952	1311	27	investments	investment	NOUN
cblr-2952	1311	28	but	but	CCONJ
cblr-2952	1311	29	without	without	ADP
cblr-2952	1311	30	the	the	DET
cblr-2952	1311	31	particularized	particularize	VERB
cblr-2952	1311	32	regulation	regulation	NOUN
cblr-2952	1311	33	an	an	DET
cblr-2952	1311	34	open	open	ADJ
cblr-2952	1311	35	market	market	NOUN
cblr-2952	1311	36	solution	solution	NOUN
cblr-2952	1311	37	would	would	AUX
cblr-2952	1311	38	provide	provide	VERB
cblr-2952	1311	39	.	.	PUNCT
cblr-2952	1312	1	it	it	PRON
cblr-2952	1312	2	would	would	AUX
cblr-2952	1312	3	also	also	ADV
cblr-2952	1312	4	permit	permit	VERB
cblr-2952	1312	5	the	the	DET
cblr-2952	1312	6	sec	sec	PROPN
cblr-2952	1312	7	to	to	PART
cblr-2952	1312	8	focus	focus	VERB
cblr-2952	1312	9	its	its	PRON
cblr-2952	1312	10	regulatory	regulatory	ADJ
cblr-2952	1312	11	gaze	gaze	NOUN
cblr-2952	1312	12	more	more	ADV
cblr-2952	1312	13	specifically	specifically	ADV
cblr-2952	1312	14	on	on	ADP
cblr-2952	1312	15	these	these	DET
cblr-2952	1312	16	investments	investment	NOUN
cblr-2952	1312	17	in	in	ADP
cblr-2952	1312	18	a	a	DET
cblr-2952	1312	19	manner	manner	NOUN
cblr-2952	1312	20	that	that	PRON
cblr-2952	1312	21	addresses	address	VERB
cblr-2952	1312	22	their	their	PRON
cblr-2952	1312	23	particularized	particularize	VERB
cblr-2952	1312	24	issues	issue	NOUN
cblr-2952	1312	25	while	while	SCONJ
cblr-2952	1312	26	at	at	ADP
cblr-2952	1312	27	the	the	DET
cblr-2952	1312	28	same	same	ADJ
cblr-2952	1312	29	time	time	NOUN
cblr-2952	1312	30	eliminating	eliminate	VERB
cblr-2952	1312	31	black	black	ADJ
cblr-2952	1312	32	market	market	NOUN
cblr-2952	1312	33	capital	capital	NOUN
cblr-2952	1312	34	and	and	CCONJ
cblr-2952	1312	35	its	its	PRON
cblr-2952	1312	36	distortion	distortion	NOUN
cblr-2952	1312	37	and	and	CCONJ
cblr-2952	1312	38	irrationality	irrationality	NOUN
cblr-2952	1312	39	.	.	PUNCT
cblr-2952	1313	1	there	there	PRON
cblr-2952	1313	2	is	be	VERB
cblr-2952	1313	3	also	also	ADV
cblr-2952	1313	4	the	the	DET
cblr-2952	1313	5	question	question	NOUN
cblr-2952	1313	6	of	of	ADP
cblr-2952	1313	7	whether	whether	SCONJ
cblr-2952	1313	8	the	the	DET
cblr-2952	1313	9	sec	sec	PROPN
cblr-2952	1313	10	is	be	AUX
cblr-2952	1313	11	up	up	ADP
cblr-2952	1313	12	to	to	ADP
cblr-2952	1313	13	this	this	DET
cblr-2952	1313	14	administrative	administrative	ADJ
cblr-2952	1313	15	task	task	NOUN
cblr-2952	1313	16	.	.	PUNCT
cblr-2952	1314	1	however	however	ADV
cblr-2952	1314	2	,	,	PUNCT
cblr-2952	1314	3	an	an	DET
cblr-2952	1314	4	open	open	ADJ
cblr-2952	1314	5	market	market	NOUN
cblr-2952	1314	6	solution	solution	NOUN
cblr-2952	1314	7	would	would	AUX
cblr-2952	1314	8	likely	likely	ADV
cblr-2952	1314	9	engender	engender	VERB
cblr-2952	1314	10	this	this	DET
cblr-2952	1314	11	specialization	specialization	NOUN
cblr-2952	1314	12	.	.	PUNCT
cblr-2952	1315	1	and	and	CCONJ
cblr-2952	1315	2	an	an	DET
cblr-2952	1315	3	open	open	ADJ
cblr-2952	1315	4	market	market	NOUN
cblr-2952	1315	5	solution	solution	NOUN
cblr-2952	1315	6	is	be	AUX
cblr-2952	1315	7	unlikely	unlikely	ADJ
cblr-2952	1315	8	to	to	PART
cblr-2952	1315	9	bring	bring	VERB
cblr-2952	1315	10	thousands	thousand	NOUN
cblr-2952	1315	11	of	of	ADP
cblr-2952	1315	12	hedge	hedge	NOUN
cblr-2952	1315	13	funds	fund	NOUN
cblr-2952	1315	14	and	and	CCONJ
cblr-2952	1315	15	private	private	ADJ
cblr-2952	1315	16	equity	equity	NOUN
cblr-2952	1315	17	funds	fund	NOUN
cblr-2952	1315	18	into	into	ADP
cblr-2952	1315	19	the	the	DET
cblr-2952	1315	20	public	public	ADJ
cblr-2952	1315	21	sphere	sphere	NOUN
cblr-2952	1315	22	.	.	PUNCT
cblr-2952	1316	1	a	a	DET
cblr-2952	1316	2	2006	2006	NUM
cblr-2952	1316	3	study	study	NOUN
cblr-2952	1316	4	estimated	estimate	VERB
cblr-2952	1316	5	that	that	SCONJ
cblr-2952	1316	6	eighty	eighty	NUM
cblr-2952	1316	7	percent	percent	NOUN
cblr-2952	1316	8	of	of	ADP
cblr-2952	1316	9	hedge	hedge	NOUN
cblr-2952	1316	10	fund	fund	NOUN
cblr-2952	1316	11	assets	asset	NOUN
cblr-2952	1316	12	under	under	ADP
cblr-2952	1316	13	management	management	NOUN
cblr-2952	1316	14	are	be	AUX
cblr-2952	1316	15	held	hold	VERB
cblr-2952	1316	16	by	by	ADP
cblr-2952	1316	17	the	the	DET
cblr-2952	1316	18	top	top	ADJ
cblr-2952	1316	19	200	200	NUM
cblr-2952	1316	20	funds.297	funds.297	PROPN
cblr-2952	1316	21	private	private	ADJ
cblr-2952	1316	22	equity	equity	NOUN
cblr-2952	1316	23	funds	fund	NOUN
cblr-2952	1316	24	appear	appear	VERB
cblr-2952	1316	25	to	to	PART
cblr-2952	1316	26	be	be	AUX
cblr-2952	1316	27	even	even	ADV
cblr-2952	1316	28	more	more	ADV
cblr-2952	1316	29	concentrated	concentrated	ADJ
cblr-2952	1316	30	.	.	PUNCT
cblr-2952	1317	1	it	it	PRON
cblr-2952	1317	2	is	be	AUX
cblr-2952	1317	3	these	these	DET
cblr-2952	1317	4	larger	large	ADJ
cblr-2952	1317	5	funds	fund	NOUN
cblr-2952	1317	6	that	that	PRON
cblr-2952	1317	7	are	be	AUX
cblr-2952	1317	8	best	well	ADV
cblr-2952	1317	9	qualified	qualified	ADJ
cblr-2952	1317	10	to	to	PART
cblr-2952	1317	11	undertake	undertake	VERB
cblr-2952	1317	12	a	a	DET
cblr-2952	1317	13	public	public	ADJ
cblr-2952	1317	14	offering	offering	NOUN
cblr-2952	1317	15	and	and	CCONJ
cblr-2952	1317	16	therefore	therefore	ADV
cblr-2952	1317	17	most	most	ADV
cblr-2952	1317	18	likely	likely	ADJ
cblr-2952	1317	19	to	to	PART
cblr-2952	1317	20	do	do	VERB
cblr-2952	1317	21	so	so	ADV
cblr-2952	1317	22	.	.	PUNCT
cblr-2952	1318	1	public	public	ADJ
cblr-2952	1318	2	offerings	offering	NOUN
cblr-2952	1318	3	are	be	AUX
cblr-2952	1318	4	therefore	therefore	ADV
cblr-2952	1318	5	likely	likely	ADJ
cblr-2952	1318	6	to	to	PART
cblr-2952	1318	7	be	be	AUX
cblr-2952	1318	8	largely	largely	ADV
cblr-2952	1318	9	confined	confine	VERB
cblr-2952	1318	10	to	to	ADP
cblr-2952	1318	11	these	these	DET
cblr-2952	1318	12	funds	fund	NOUN
cblr-2952	1318	13	,	,	PUNCT
cblr-2952	1318	14	limiting	limit	VERB
cblr-2952	1318	15	the	the	DET
cblr-2952	1318	16	number	number	NOUN
cblr-2952	1318	17	of	of	ADP
cblr-2952	1318	18	issuers	issuer	NOUN
cblr-2952	1318	19	subject	subject	ADJ
cblr-2952	1318	20	to	to	ADP
cblr-2952	1318	21	sec	sec	PROPN
cblr-2952	1318	22	review	review	NOUN
cblr-2952	1318	23	while	while	SCONJ
cblr-2952	1318	24	beneficially	beneficially	ADV
cblr-2952	1318	25	placing	place	VERB
cblr-2952	1318	26	a	a	DET
cblr-2952	1318	27	large	large	ADJ
cblr-2952	1318	28	portion	portion	NOUN
cblr-2952	1318	29	of	of	ADP
cblr-2952	1318	30	fund	fund	NOUN
cblr-2952	1318	31	assets	asset	NOUN
cblr-2952	1318	32	under	under	ADP
cblr-2952	1318	33	public	public	ADJ
cblr-2952	1318	34	scrutiny.298	scrutiny.298	PROPN
cblr-2952	1318	35	g.	g.	PROPN
cblr-2952	1318	36	the	the	DET
cblr-2952	1318	37	open	open	ADJ
cblr-2952	1318	38	market	market	NOUN
cblr-2952	1318	39	solution	solution	NOUN
cblr-2952	1318	40	's	's	PART
cblr-2952	1318	41	structure	structure	NOUN
cblr-2952	1318	42	an	an	DET
cblr-2952	1318	43	open	open	ADJ
cblr-2952	1318	44	market	market	NOUN
cblr-2952	1318	45	solution	solution	NOUN
cblr-2952	1318	46	would	would	AUX
cblr-2952	1318	47	require	require	VERB
cblr-2952	1318	48	several	several	ADJ
cblr-2952	1318	49	key	key	ADJ
cblr-2952	1318	50	revisions	revision	NOUN
cblr-2952	1318	51	to	to	ADP
cblr-2952	1318	52	both	both	CCONJ
cblr-2952	1318	53	the	the	DET
cblr-2952	1318	54	investment	investment	NOUN
cblr-2952	1318	55	company	company	NOUN
cblr-2952	1318	56	act	act	VERB
cblr-2952	1318	57	and	and	CCONJ
cblr-2952	1318	58	the	the	DET
cblr-2952	1318	59	advisers	adviser	NOUN
cblr-2952	1318	60	fund	fund	NOUN
cblr-2952	1318	61	adviser	adviser	NOUN
cblr-2952	1318	62	registration	registration	NOUN
cblr-2952	1318	63	rule	rule	NOUN
cblr-2952	1318	64	.	.	PUNCT
cblr-2952	1319	1	see	see	VERB
cblr-2952	1319	2	adviser	adviser	NOUN
cblr-2952	1319	3	registration	registration	NOUN
cblr-2952	1319	4	dissent	dissent	NOUN
cblr-2952	1319	5	,	,	PUNCT
cblr-2952	1319	6	supra	supra	PROPN
cblr-2952	1319	7	note	note	NOUN
cblr-2952	1319	8	136	136	NUM
cblr-2952	1319	9	,	,	PUNCT
cblr-2952	1319	10	at	at	ADP
cblr-2952	1319	11	81,539	81,539	NUM
cblr-2952	1319	12	.	.	PUNCT
cblr-2952	1320	1	27	27	NUM
cblr-2952	1320	2	see	see	VERB
cblr-2952	1320	3	barton	barton	PROPN
cblr-2952	1320	4	biggs	biggs	PROPN
cblr-2952	1320	5	,	,	PUNCT
cblr-2952	1320	6	hedgehogging	hedgehogge	VERB
cblr-2952	1320	7	,	,	PUNCT
cblr-2952	1320	8	at	at	ADP
cblr-2952	1320	9	10	10	NUM
cblr-2952	1320	10	(	(	PUNCT
cblr-2952	1320	11	2006	2006	NUM
cblr-2952	1320	12	)	)	PUNCT
cblr-2952	1320	13	.	.	PUNCT
cblr-2952	1321	1	"	"	PUNCT
cblr-2952	1321	2	s	s	AUX
cblr-2952	1321	3	see	see	VERB
cblr-2952	1321	4	supra	supra	PROPN
cblr-2952	1321	5	note	note	PROPN
cblr-2952	1321	6	254	254	NUM
cblr-2952	1321	7	.	.	PUNCT
cblr-2952	1322	1	no	no	INTJ
cblr-2952	1322	2	.	.	PUNCT
cblr-2952	1323	1	1:172	1:172	NUM
cblr-2952	1323	2	]	]	PUNCT
cblr-2952	1323	3	act	act	PROPN
cblr-2952	1323	4	.	.	PUNCT
cblr-2952	1324	1	these	these	DET
cblr-2952	1324	2	changes	change	NOUN
cblr-2952	1324	3	could	could	AUX
cblr-2952	1324	4	be	be	AUX
cblr-2952	1324	5	effected	effect	VERB
cblr-2952	1324	6	by	by	ADP
cblr-2952	1324	7	the	the	DET
cblr-2952	1324	8	sec	sec	PROPN
cblr-2952	1324	9	itself	itself	PRON
cblr-2952	1324	10	without	without	ADP
cblr-2952	1324	11	the	the	DET
cblr-2952	1324	12	need	need	NOUN
cblr-2952	1324	13	for	for	ADP
cblr-2952	1324	14	congressional	congressional	ADJ
cblr-2952	1324	15	action	action	NOUN
cblr-2952	1324	16	due	due	ADP
cblr-2952	1324	17	to	to	ADP
cblr-2952	1324	18	the	the	DET
cblr-2952	1324	19	fulsome	fulsome	ADJ
cblr-2952	1324	20	exemptive	exemptive	NOUN
cblr-2952	1324	21	capacity	capacity	PROPN
cblr-2952	1324	22	congress	congress	PROPN
cblr-2952	1324	23	has	have	AUX
cblr-2952	1324	24	provided	provide	VERB
cblr-2952	1324	25	the	the	DET
cblr-2952	1324	26	sec	sec	PROPN
cblr-2952	1324	27	under	under	ADP
cblr-2952	1324	28	each	each	PRON
cblr-2952	1324	29	of	of	ADP
cblr-2952	1324	30	these	these	PRON
cblr-2952	1324	31	acts.299	acts.299	VERB
cblr-2952	1324	32	these	these	DET
cblr-2952	1324	33	reforms	reform	NOUN
cblr-2952	1324	34	would	would	AUX
cblr-2952	1324	35	permit	permit	VERB
cblr-2952	1324	36	private	private	ADJ
cblr-2952	1324	37	equity	equity	NOUN
cblr-2952	1324	38	and	and	CCONJ
cblr-2952	1324	39	hedge	hedge	NOUN
cblr-2952	1324	40	funds	fund	NOUN
cblr-2952	1324	41	to	to	PART
cblr-2952	1324	42	offer	offer	VERB
cblr-2952	1324	43	and	and	CCONJ
cblr-2952	1324	44	sell	sell	VERB
cblr-2952	1324	45	investment	investment	NOUN
cblr-2952	1324	46	securities	security	NOUN
cblr-2952	1324	47	to	to	ADP
cblr-2952	1324	48	the	the	DET
cblr-2952	1324	49	general	general	ADJ
cblr-2952	1324	50	public	public	NOUN
cblr-2952	1324	51	while	while	SCONJ
cblr-2952	1324	52	maintaining	maintain	VERB
cblr-2952	1324	53	their	their	PRON
cblr-2952	1324	54	current	current	ADJ
cblr-2952	1324	55	structural	structural	ADJ
cblr-2952	1324	56	form	form	NOUN
cblr-2952	1324	57	.	.	PUNCT
cblr-2952	1325	1	there	there	PRON
cblr-2952	1325	2	are	be	VERB
cblr-2952	1325	3	many	many	ADJ
cblr-2952	1325	4	potential	potential	ADJ
cblr-2952	1325	5	structures	structure	NOUN
cblr-2952	1325	6	for	for	ADP
cblr-2952	1325	7	such	such	DET
cblr-2952	1325	8	a	a	DET
cblr-2952	1325	9	regulatory	regulatory	ADJ
cblr-2952	1325	10	solution	solution	NOUN
cblr-2952	1325	11	.	.	PUNCT
cblr-2952	1326	1	and	and	CCONJ
cblr-2952	1326	2	there	there	PRON
cblr-2952	1326	3	is	be	VERB
cblr-2952	1326	4	ample	ample	ADJ
cblr-2952	1326	5	regulatory	regulatory	ADJ
cblr-2952	1326	6	precedent	precedent	NOUN
cblr-2952	1326	7	:	:	PUNCT
cblr-2952	1326	8	australia	australia	PROPN
cblr-2952	1326	9	,	,	PUNCT
cblr-2952	1326	10	hong	hong	PROPN
cblr-2952	1326	11	kong	kong	PROPN
cblr-2952	1326	12	,	,	PUNCT
cblr-2952	1326	13	ireland	ireland	PROPN
cblr-2952	1326	14	,	,	PUNCT
cblr-2952	1326	15	luxembourg	luxembourg	PROPN
cblr-2952	1326	16	,	,	PUNCT
cblr-2952	1326	17	netherlands	netherlands	PROPN
cblr-2952	1326	18	,	,	PUNCT
cblr-2952	1326	19	and	and	CCONJ
cblr-2952	1326	20	singapore	singapore	PROPN
cblr-2952	1326	21	have	have	AUX
cblr-2952	1326	22	all	all	PRON
cblr-2952	1326	23	erected	erect	VERB
cblr-2952	1326	24	regulatory	regulatory	ADJ
cblr-2952	1326	25	schemes	scheme	NOUN
cblr-2952	1326	26	that	that	PRON
cblr-2952	1326	27	permit	permit	VERB
cblr-2952	1326	28	significant	significant	ADJ
cblr-2952	1326	29	public	public	ADJ
cblr-2952	1326	30	investment	investment	NOUN
cblr-2952	1326	31	in	in	ADP
cblr-2952	1326	32	hedge	hedge	NOUN
cblr-2952	1326	33	funds	fund	NOUN
cblr-2952	1326	34	.	.	PUNCT
cblr-2952	1327	1	"	"	PUNCT
cblr-2952	1327	2	°	°	ADP
cblr-2952	1327	3	°	°	ADP
cblr-2952	1327	4	one	one	NUM
cblr-2952	1327	5	possibility	possibility	NOUN
cblr-2952	1327	6	is	be	AUX
cblr-2952	1327	7	for	for	SCONJ
cblr-2952	1327	8	the	the	DET
cblr-2952	1327	9	sec	sec	PROPN
cblr-2952	1327	10	to	to	PART
cblr-2952	1327	11	create	create	VERB
cblr-2952	1327	12	a	a	DET
cblr-2952	1327	13	specialized	specialized	ADJ
cblr-2952	1327	14	regulation	regulation	NOUN
cblr-2952	1327	15	,	,	PUNCT
cblr-2952	1327	16	an	an	DET
cblr-2952	1327	17	alternative	alternative	ADJ
cblr-2952	1327	18	investment	investment	NOUN
cblr-2952	1327	19	part	part	NOUN
cblr-2952	1327	20	,	,	PUNCT
cblr-2952	1327	21	for	for	ADP
cblr-2952	1327	22	hedge	hedge	NOUN
cblr-2952	1327	23	funds	fund	NOUN
cblr-2952	1327	24	.	.	PUNCT
cblr-2952	1328	1	"1	"1	NOUN
cblr-2952	1328	2	this	this	DET
cblr-2952	1328	3	regula299	regula299	NOUN
cblr-2952	1328	4	see	see	VERB
cblr-2952	1328	5	15	15	NUM
cblr-2952	1328	6	u.s.c	u.s.c	ADJ
cblr-2952	1328	7	§	§	PROPN
cblr-2952	1328	8	80a-6(c	80a-6(c	NUM
cblr-2952	1328	9	)	)	PUNCT
cblr-2952	1328	10	(	(	PUNCT
cblr-2952	1328	11	2007	2007	NUM
cblr-2952	1328	12	)	)	PUNCT
cblr-2952	1328	13	(	(	PUNCT
cblr-2952	1328	14	providing	provide	VERB
cblr-2952	1328	15	the	the	DET
cblr-2952	1328	16	sec	sec	PROPN
cblr-2952	1328	17	authority	authority	NOUN
cblr-2952	1328	18	to	to	PART
cblr-2952	1328	19	exempt	exempt	VERB
cblr-2952	1328	20	any	any	DET
cblr-2952	1328	21	corporate	corporate	ADJ
cblr-2952	1328	22	entity	entity	NOUN
cblr-2952	1328	23	from	from	ADP
cblr-2952	1328	24	the	the	DET
cblr-2952	1328	25	investment	investment	NOUN
cblr-2952	1328	26	company	company	NOUN
cblr-2952	1328	27	act	act	VERB
cblr-2952	1328	28	as	as	ADP
cblr-2952	1328	29	"	"	PUNCT
cblr-2952	1328	30	necessary	necessary	ADJ
cblr-2952	1328	31	or	or	CCONJ
cblr-2952	1328	32	appropriate	appropriate	ADJ
cblr-2952	1328	33	in	in	ADP
cblr-2952	1328	34	the	the	DET
cblr-2952	1328	35	public	public	ADJ
cblr-2952	1328	36	interest	interest	NOUN
cblr-2952	1328	37	or	or	CCONJ
cblr-2952	1328	38	for	for	ADP
cblr-2952	1328	39	the	the	DET
cblr-2952	1328	40	protection	protection	NOUN
cblr-2952	1328	41	of	of	ADP
cblr-2952	1328	42	investors	investor	NOUN
cblr-2952	1328	43	"	"	PUNCT
cblr-2952	1328	44	)	)	PUNCT
cblr-2952	1328	45	;	;	PUNCT
cblr-2952	1328	46	i	i	PROPN
cblr-2952	1328	47	d.	d.	PROPN
cblr-2952	1328	48	,	,	PUNCT
cblr-2952	1328	49	§	§	PROPN
cblr-2952	1328	50	80b-6a	80b-6a	NUM
cblr-2952	1328	51	(	(	PUNCT
cblr-2952	1328	52	2007	2007	NUM
cblr-2952	1328	53	)	)	PUNCT
cblr-2952	1328	54	(	(	PUNCT
cblr-2952	1328	55	providing	provide	VERB
cblr-2952	1328	56	the	the	DET
cblr-2952	1328	57	sec	sec	PROPN
cblr-2952	1328	58	authority	authority	NOUN
cblr-2952	1328	59	to	to	PART
cblr-2952	1328	60	exempt	exempt	VERB
cblr-2952	1328	61	any	any	DET
cblr-2952	1328	62	person	person	NOUN
cblr-2952	1328	63	or	or	CCONJ
cblr-2952	1328	64	transaction	transaction	NOUN
cblr-2952	1328	65	from	from	ADP
cblr-2952	1328	66	the	the	DET
cblr-2952	1328	67	advisers	adviser	NOUN
cblr-2952	1328	68	act	act	VERB
cblr-2952	1328	69	to	to	ADP
cblr-2952	1328	70	the	the	DET
cblr-2952	1328	71	extent	extent	NOUN
cblr-2952	1328	72	"	"	PUNCT
cblr-2952	1328	73	that	that	SCONJ
cblr-2952	1328	74	such	such	ADJ
cblr-2952	1328	75	exemption	exemption	NOUN
cblr-2952	1328	76	is	be	AUX
cblr-2952	1328	77	necessary	necessary	ADJ
cblr-2952	1328	78	or	or	CCONJ
cblr-2952	1328	79	appropriate	appropriate	ADJ
cblr-2952	1328	80	in	in	ADP
cblr-2952	1328	81	the	the	DET
cblr-2952	1328	82	public	public	ADJ
cblr-2952	1328	83	interest	interest	NOUN
cblr-2952	1328	84	and	and	CCONJ
cblr-2952	1328	85	consistent	consistent	ADJ
cblr-2952	1328	86	with	with	ADP
cblr-2952	1328	87	the	the	DET
cblr-2952	1328	88	protection	protection	NOUN
cblr-2952	1328	89	of	of	ADP
cblr-2952	1328	90	investors	investor	NOUN
cblr-2952	1328	91	and	and	CCONJ
cblr-2952	1328	92	the	the	DET
cblr-2952	1328	93	purposes	purpose	NOUN
cblr-2952	1328	94	fairly	fairly	ADV
cblr-2952	1328	95	intended	intend	VERB
cblr-2952	1328	96	by	by	ADP
cblr-2952	1328	97	the	the	DET
cblr-2952	1328	98	policy	policy	NOUN
cblr-2952	1328	99	and	and	CCONJ
cblr-2952	1328	100	provisions	provision	NOUN
cblr-2952	1328	101	of	of	ADP
cblr-2952	1328	102	this	this	DET
cblr-2952	1328	103	title	title	NOUN
cblr-2952	1328	104	"	"	PUNCT
cblr-2952	1328	105	)	)	PUNCT
cblr-2952	1328	106	.	.	PUNCT
cblr-2952	1329	1	3oo	3oo	ADJ
cblr-2952	1329	2	see	see	VERB
cblr-2952	1329	3	pricewaterhousecoopers	pricewaterhousecooper	NOUN
cblr-2952	1329	4	:	:	PUNCT
cblr-2952	1329	5	the	the	DET
cblr-2952	1329	6	regulation	regulation	NOUN
cblr-2952	1329	7	,	,	PUNCT
cblr-2952	1329	8	taxation	taxation	NOUN
cblr-2952	1329	9	and	and	CCONJ
cblr-2952	1329	10	distribution	distribution	NOUN
cblr-2952	1329	11	of	of	ADP
cblr-2952	1329	12	hedge	hedge	NOUN
cblr-2952	1329	13	funds	fund	NOUN
cblr-2952	1329	14	in	in	ADP
cblr-2952	1329	15	europe	europe	PROPN
cblr-2952	1329	16	:	:	PUNCT
cblr-2952	1329	17	changes	change	NOUN
cblr-2952	1329	18	and	and	CCONJ
cblr-2952	1329	19	challenges	challenge	VERB
cblr-2952	1329	20	14	14	NUM
cblr-2952	1329	21	-	-	SYM
cblr-2952	1329	22	30	30	NUM
cblr-2952	1329	23	(	(	PUNCT
cblr-2952	1329	24	2006	2006	NUM
cblr-2952	1329	25	)	)	PUNCT
cblr-2952	1329	26	,	,	PUNCT
cblr-2952	1329	27	available	available	ADJ
cblr-2952	1329	28	at	at	ADP
cblr-2952	1329	29	http://www.pwc.com/extweb/pwcpublications.nsf/	http://www.pwc.com/extweb/pwcpublications.nsf/	ADJ
cblr-2952	1329	30	docid	docid	ADJ
cblr-2952	1329	31	/	/	SYM
cblr-2952	1329	32	boad57236e4a91b	boad57236e4a91b	NOUN
cblr-2952	1329	33	18525702200521c2e/$file/18037hedgefundsfinal	18525702200521c2e/$file/18037hedgefundsfinal	PROPN
cblr-2952	1329	34	.	.	PUNCT
cblr-2952	1330	1	pdf	pdf	NOUN
cblr-2952	1330	2	(	(	PUNCT
cblr-2952	1330	3	surveying	survey	VERB
cblr-2952	1330	4	the	the	DET
cblr-2952	1330	5	regulatory	regulatory	ADJ
cblr-2952	1330	6	restrictions	restriction	NOUN
cblr-2952	1330	7	on	on	ADP
cblr-2952	1330	8	public	public	ADJ
cblr-2952	1330	9	investment	investment	NOUN
cblr-2952	1330	10	in	in	ADP
cblr-2952	1330	11	hedge	hedge	NOUN
cblr-2952	1330	12	funds	fund	NOUN
cblr-2952	1330	13	in	in	ADP
cblr-2952	1330	14	europe	europe	PROPN
cblr-2952	1330	15	)	)	PUNCT
cblr-2952	1330	16	;	;	PUNCT
cblr-2952	1330	17	janine	janine	PROPN
cblr-2952	1330	18	canham	canham	PROPN
cblr-2952	1330	19	&	&	CCONJ
cblr-2952	1330	20	manoj	manoj	PROPN
cblr-2952	1330	21	ramachandran	ramachandran	PROPN
cblr-2952	1330	22	,	,	PUNCT
cblr-2952	1330	23	hedge	hedge	NOUN
cblr-2952	1330	24	funds	fund	NOUN
cblr-2952	1331	1	,	,	PUNCT
cblr-2952	1331	2	asia	asia	PROPN
cblr-2952	1331	3	leads	lead	VERB
cblr-2952	1331	4	the	the	DET
cblr-2952	1331	5	retail	retail	ADJ
cblr-2952	1331	6	market	market	NOUN
cblr-2952	1331	7	,	,	PUNCT
cblr-2952	1331	8	asialaw	asialaw	NOUN
cblr-2952	1331	9	(	(	PUNCT
cblr-2952	1331	10	dec	dec	PROPN
cblr-2952	1331	11	.	.	PROPN
cblr-2952	1331	12	2003	2003	NUM
cblr-2952	1331	13	)	)	PUNCT
cblr-2952	1331	14	,	,	PUNCT
cblr-2952	1331	15	available	available	ADJ
cblr-2952	1331	16	at	at	ADP
cblr-2952	1331	17	http://www.asialaw.com/?iss=64368pubid=488page=14&sid=281930&s	http://www.asialaw.com/?iss=64368pubid=488page=14&sid=281930&s	PROPN
cblr-2952	1331	18	m=&searchstr=	m=&searchstr=	PROPN
cblr-2952	1331	19	(	(	PUNCT
cblr-2952	1331	20	surveying	survey	VERB
cblr-2952	1331	21	the	the	DET
cblr-2952	1331	22	regulation	regulation	NOUN
cblr-2952	1331	23	of	of	ADP
cblr-2952	1331	24	public	public	ADJ
cblr-2952	1331	25	investment	investment	NOUN
cblr-2952	1331	26	in	in	ADP
cblr-2952	1331	27	hedge	hedge	NOUN
cblr-2952	1331	28	funds	fund	NOUN
cblr-2952	1331	29	in	in	ADP
cblr-2952	1331	30	hong	hong	PROPN
cblr-2952	1331	31	kong	kong	PROPN
cblr-2952	1331	32	and	and	CCONJ
cblr-2952	1331	33	singapore	singapore	PROPN
cblr-2952	1331	34	)	)	PUNCT
cblr-2952	1331	35	;	;	PUNCT
cblr-2952	1331	36	see	see	VERB
cblr-2952	1331	37	also	also	ADV
cblr-2952	1331	38	christopher	christopher	PROPN
cblr-2952	1331	39	faills	faills	PROPN
cblr-2952	1331	40	,	,	PUNCT
cblr-2952	1331	41	hong	hong	PROPN
cblr-2952	1331	42	kong	kong	PROPN
cblr-2952	1331	43	regulator	regulator	NOUN
cblr-2952	1331	44	sees	see	VERB
cblr-2952	1331	45	value	value	NOUN
cblr-2952	1331	46	in	in	ADP
cblr-2952	1331	47	hedge	hedge	NOUN
cblr-2952	1331	48	funds	fund	NOUN
cblr-2952	1331	49	,	,	PUNCT
cblr-2952	1331	50	hedgeworld	hedgeworld	NOUN
cblr-2952	1331	51	daily	daily	PROPN
cblr-2952	1331	52	news	news	PROPN
cblr-2952	1331	53	,	,	PUNCT
cblr-2952	1331	54	jan	jan	PROPN
cblr-2952	1331	55	.	.	PROPN
cblr-2952	1331	56	26	26	NUM
cblr-2952	1331	57	,	,	PUNCT
cblr-2952	1331	58	2007	2007	NUM
cblr-2952	1331	59	(	(	PUNCT
cblr-2952	1331	60	reporting	report	VERB
cblr-2952	1331	61	on	on	ADP
cblr-2952	1331	62	the	the	DET
cblr-2952	1331	63	widespread	widespread	ADJ
cblr-2952	1331	64	adoption	adoption	NOUN
cblr-2952	1331	65	and	and	CCONJ
cblr-2952	1331	66	marketing	marketing	NOUN
cblr-2952	1331	67	of	of	ADP
cblr-2952	1331	68	hedge	hedge	NOUN
cblr-2952	1331	69	funds	fund	NOUN
cblr-2952	1331	70	in	in	ADP
cblr-2952	1331	71	hong	hong	PROPN
cblr-2952	1331	72	kong	kong	PROPN
cblr-2952	1331	73	)	)	PUNCT
cblr-2952	1331	74	;	;	PUNCT
cblr-2952	1331	75	australian	australian	ADJ
cblr-2952	1331	76	hedge	hedge	NOUN
cblr-2952	1331	77	funds	fund	NOUN
cblr-2952	1331	78	:	:	PUNCT
cblr-2952	1331	79	big	big	ADJ
cblr-2952	1331	80	hitters	hitter	NOUN
cblr-2952	1331	81	,	,	PUNCT
cblr-2952	1331	82	economist	economist	NOUN
cblr-2952	1331	83	,	,	PUNCT
cblr-2952	1331	84	dec	dec	PROPN
cblr-2952	1331	85	.	.	PROPN
cblr-2952	1331	86	16	16	NUM
cblr-2952	1331	87	,	,	PUNCT
cblr-2952	1331	88	2006	2006	NUM
cblr-2952	1331	89	,	,	PUNCT
cblr-2952	1331	90	at	at	ADP
cblr-2952	1331	91	16	16	NUM
cblr-2952	1331	92	(	(	PUNCT
cblr-2952	1331	93	reporting	report	VERB
cblr-2952	1331	94	that	that	SCONJ
cblr-2952	1331	95	"	"	PUNCT
cblr-2952	1331	96	in	in	ADP
cblr-2952	1331	97	australia	australia	PROPN
cblr-2952	1331	98	individual	individual	ADJ
cblr-2952	1331	99	investors	investor	NOUN
cblr-2952	1331	100	account	account	VERB
cblr-2952	1331	101	for	for	ADP
cblr-2952	1331	102	two	two	NUM
cblr-2952	1331	103	-	-	PUNCT
cblr-2952	1331	104	thirds	third	NOUN
cblr-2952	1331	105	of	of	ADP
cblr-2952	1331	106	the	the	DET
cblr-2952	1331	107	$	$	SYM
cblr-2952	1331	108	60	60	NUM
cblr-2952	1331	109	billion	billion	NUM
cblr-2952	1331	110	invested	invest	VERB
cblr-2952	1331	111	in	in	ADP
cblr-2952	1331	112	hedge	hedge	NOUN
cblr-2952	1331	113	funds	fund	NOUN
cblr-2952	1331	114	,	,	PUNCT
cblr-2952	1331	115	compared	compare	VERB
cblr-2952	1331	116	with	with	ADP
cblr-2952	1331	117	just	just	ADV
cblr-2952	1331	118	44	44	NUM
cblr-2952	1331	119	%	%	NOUN
cblr-2952	1331	120	globally	globally	ADV
cblr-2952	1331	121	"	"	PUNCT
cblr-2952	1331	122	)	)	PUNCT
cblr-2952	1331	123	.	.	PUNCT
cblr-2952	1332	1	31	31	NUM
cblr-2952	1332	2	for	for	ADP
cblr-2952	1332	3	an	an	DET
cblr-2952	1332	4	alternative	alternative	ADJ
cblr-2952	1332	5	proposal	proposal	NOUN
cblr-2952	1332	6	which	which	PRON
cblr-2952	1332	7	calls	call	VERB
cblr-2952	1332	8	for	for	ADP
cblr-2952	1332	9	the	the	DET
cblr-2952	1332	10	amendment	amendment	NOUN
cblr-2952	1332	11	of	of	ADP
cblr-2952	1332	12	the	the	DET
cblr-2952	1332	13	investment	investment	NOUN
cblr-2952	1332	14	company	company	NOUN
cblr-2952	1332	15	act	act	VERB
cblr-2952	1332	16	to	to	PART
cblr-2952	1332	17	permit	permit	VERB
cblr-2952	1332	18	registered	register	VERB
cblr-2952	1332	19	investment	investment	NOUN
cblr-2952	1332	20	advisers	adviser	NOUN
cblr-2952	1332	21	with	with	ADP
cblr-2952	1332	22	significant	significant	ADJ
cblr-2952	1332	23	co	co	NOUN
cblr-2952	1332	24	-	-	NOUN
cblr-2952	1332	25	investment	investment	NOUN
cblr-2952	1332	26	in	in	ADP
cblr-2952	1332	27	a	a	DET
cblr-2952	1332	28	fund	fund	NOUN
cblr-2952	1332	29	to	to	PART
cblr-2952	1332	30	offer	offer	VERB
cblr-2952	1332	31	hedge	hedge	NOUN
cblr-2952	1332	32	funds	fund	NOUN
cblr-2952	1332	33	or	or	CCONJ
cblr-2952	1332	34	funds	fund	NOUN
cblr-2952	1332	35	to	to	ADP
cblr-2952	1332	36	sophisticated	sophisticated	ADJ
cblr-2952	1332	37	investors	investor	NOUN
cblr-2952	1332	38	under	under	ADP
cblr-2952	1332	39	rule	rule	NOUN
cblr-2952	1332	40	506	506	NUM
cblr-2952	1332	41	of	of	ADP
cblr-2952	1332	42	regulation	regulation	NOUN
cblr-2952	1332	43	d	d	NOUN
cblr-2952	1332	44	and	and	CCONJ
cblr-2952	1332	45	for	for	SCONJ
cblr-2952	1332	46	the	the	DET
cblr-2952	1332	47	sec	sec	PROPN
cblr-2952	1332	48	to	to	PART
cblr-2952	1332	49	amend	amend	VERB
cblr-2952	1332	50	rule	rule	NOUN
cblr-2952	1332	51	144a	144a	PROPN
cblr-2952	1332	52	to	to	PART
cblr-2952	1332	53	permit	permit	VERB
cblr-2952	1332	54	trading	trading	NOUN
cblr-2952	1332	55	of	of	ADP
cblr-2952	1332	56	these	these	DET
cblr-2952	1332	57	investments	investment	NOUN
cblr-2952	1332	58	on	on	ADP
cblr-2952	1332	59	private	private	ADJ
cblr-2952	1332	60	securities	security	NOUN
cblr-2952	1332	61	markets	market	NOUN
cblr-2952	1332	62	,	,	PUNCT
cblr-2952	1332	63	see	see	VERB
cblr-2952	1332	64	shadab	shadab	ADV
cblr-2952	1333	1	,	,	PUNCT
cblr-2952	1333	2	supra	supra	PROPN
cblr-2952	1333	3	note	note	NOUN
cblr-2952	1333	4	259	259	NUM
cblr-2952	1333	5	.	.	PUNCT
cblr-2952	1333	6	col	col	PROPN
cblr-2952	1333	7	umbia	umbia	PROPN
cblr-2952	1334	1	b	b	PROPN
cblr-2952	1335	1	usiness	usiness	PROPN
cblr-2952	1335	2	la	la	PROPN
cblr-2952	1335	3	w	w	PROPN
cblr-2952	1335	4	re	re	PROPN
cblr-2952	1335	5	vie	vie	PROPN
cblr-2952	1335	6	w	w	PROPN
cblr-2952	1336	1	[	[	X
cblr-2952	1336	2	vol	vol	NOUN
cblr-2952	1336	3	.	.	NOUN
cblr-2952	1336	4	2008	2008	NUM
cblr-2952	1336	5	no	no	NOUN
cblr-2952	1336	6	.	.	PUNCT
cblr-2952	1337	1	1:172	1:172	NUM
cblr-2952	1337	2	]	]	X
cblr-2952	1337	3	black	black	ADJ
cblr-2952	1337	4	market	market	NOUN
cblr-2952	1337	5	capital	capital	NOUN
cblr-2952	1337	6	263	263	NUM
cblr-2952	1337	7	tion	tion	NOUN
cblr-2952	1337	8	would	would	AUX
cblr-2952	1337	9	permit	permit	VERB
cblr-2952	1337	10	hedge	hedge	NOUN
cblr-2952	1337	11	funds	fund	NOUN
cblr-2952	1337	12	and	and	CCONJ
cblr-2952	1337	13	private	private	ADJ
cblr-2952	1337	14	equity	equity	NOUN
cblr-2952	1337	15	funds	fund	NOUN
cblr-2952	1337	16	to	to	PART
cblr-2952	1337	17	elect	elect	VERB
cblr-2952	1337	18	to	to	PART
cblr-2952	1337	19	exempt	exempt	VERB
cblr-2952	1337	20	themselves	themselves	PRON
cblr-2952	1337	21	from	from	ADP
cblr-2952	1337	22	certain	certain	ADJ
cblr-2952	1337	23	provisions	provision	NOUN
cblr-2952	1337	24	of	of	ADP
cblr-2952	1337	25	the	the	DET
cblr-2952	1337	26	investment	investment	NOUN
cblr-2952	1337	27	company	company	NOUN
cblr-2952	1337	28	act	act	NOUN
cblr-2952	1337	29	and	and	CCONJ
cblr-2952	1337	30	advisers	adviser	NOUN
cblr-2952	1337	31	act	act	VERB
cblr-2952	1337	32	and	and	CCONJ
cblr-2952	1337	33	alternatively	alternatively	ADV
cblr-2952	1337	34	be	be	AUX
cblr-2952	1337	35	covered	cover	VERB
cblr-2952	1337	36	by	by	ADP
cblr-2952	1337	37	the	the	DET
cblr-2952	1337	38	particular	particular	ADJ
cblr-2952	1337	39	requirements	requirement	NOUN
cblr-2952	1337	40	of	of	ADP
cblr-2952	1337	41	an	an	DET
cblr-2952	1337	42	alternative	alternative	ADJ
cblr-2952	1337	43	investment	investment	NOUN
cblr-2952	1337	44	part	part	NOUN
cblr-2952	1337	45	.	.	PUNCT
cblr-2952	1338	1	hedge	hedge	NOUN
cblr-2952	1338	2	funds	fund	NOUN
cblr-2952	1338	3	and	and	CCONJ
cblr-2952	1338	4	private	private	ADJ
cblr-2952	1338	5	equity	equity	NOUN
cblr-2952	1338	6	funds	fund	NOUN
cblr-2952	1338	7	opting	opt	VERB
cblr-2952	1338	8	to	to	PART
cblr-2952	1338	9	be	be	AUX
cblr-2952	1338	10	regulated	regulate	VERB
cblr-2952	1338	11	under	under	ADP
cblr-2952	1338	12	the	the	DET
cblr-2952	1338	13	alternative	alternative	ADJ
cblr-2952	1338	14	investment	investment	NOUN
cblr-2952	1338	15	part	part	NOUN
cblr-2952	1338	16	would	would	AUX
cblr-2952	1338	17	be	be	AUX
cblr-2952	1338	18	subject	subject	ADJ
cblr-2952	1338	19	to	to	ADP
cblr-2952	1338	20	the	the	DET
cblr-2952	1338	21	following	follow	VERB
cblr-2952	1338	22	exemptions	exemption	NOUN
cblr-2952	1338	23	from	from	ADP
cblr-2952	1338	24	the	the	DET
cblr-2952	1338	25	investment	investment	NOUN
cblr-2952	1338	26	company	company	NOUN
cblr-2952	1338	27	act	act	NOUN
cblr-2952	1338	28	and	and	CCONJ
cblr-2952	1338	29	advisers	adviser	NOUN
cblr-2952	1338	30	act	act	VERB
cblr-2952	1338	31	:	:	PUNCT
cblr-2952	1338	32	compensation	compensation	NOUN
cblr-2952	1338	33	.	.	PUNCT
cblr-2952	1339	1	the	the	DET
cblr-2952	1339	2	advisers	adviser	NOUN
cblr-2952	1339	3	act	act	VERB
cblr-2952	1339	4	and	and	CCONJ
cblr-2952	1339	5	finra	finra	PROPN
cblr-2952	1339	6	restrictions	restriction	NOUN
cblr-2952	1339	7	on	on	ADP
cblr-2952	1339	8	the	the	DET
cblr-2952	1339	9	payment	payment	NOUN
cblr-2952	1339	10	of	of	ADP
cblr-2952	1339	11	performance	performance	NOUN
cblr-2952	1339	12	fees	fee	NOUN
cblr-2952	1339	13	would	would	AUX
cblr-2952	1339	14	no	no	ADV
cblr-2952	1339	15	longer	long	ADV
cblr-2952	1339	16	apply	apply	VERB
cblr-2952	1339	17	.	.	PUNCT
cblr-2952	1340	1	in	in	ADP
cblr-2952	1340	2	particular	particular	ADJ
cblr-2952	1340	3	,	,	PUNCT
cblr-2952	1340	4	funds	fund	NOUN
cblr-2952	1340	5	electing	elect	VERB
cblr-2952	1340	6	to	to	PART
cblr-2952	1340	7	be	be	AUX
cblr-2952	1340	8	covered	cover	VERB
cblr-2952	1340	9	by	by	ADP
cblr-2952	1340	10	the	the	DET
cblr-2952	1340	11	alternative	alternative	ADJ
cblr-2952	1340	12	investment	investment	NOUN
cblr-2952	1340	13	part	part	NOUN
cblr-2952	1340	14	would	would	AUX
cblr-2952	1340	15	have	have	VERB
cblr-2952	1340	16	no	no	DET
cblr-2952	1340	17	limitation	limitation	NOUN
cblr-2952	1340	18	on	on	ADP
cblr-2952	1340	19	the	the	DET
cblr-2952	1340	20	amount	amount	NOUN
cblr-2952	1340	21	of	of	ADP
cblr-2952	1340	22	fee	fee	NOUN
cblr-2952	1340	23	they	they	PRON
cblr-2952	1340	24	could	could	AUX
cblr-2952	1340	25	charge	charge	VERB
cblr-2952	1340	26	provided	provide	VERB
cblr-2952	1340	27	full	full	ADJ
cblr-2952	1340	28	disclosure	disclosure	NOUN
cblr-2952	1340	29	was	be	AUX
cblr-2952	1340	30	made	make	VERB
cblr-2952	1340	31	in	in	ADP
cblr-2952	1340	32	advance	advance	NOUN
cblr-2952	1340	33	of	of	ADP
cblr-2952	1340	34	any	any	DET
cblr-2952	1340	35	investment	investment	NOUN
cblr-2952	1340	36	.	.	PUNCT
cblr-2952	1341	1	leverage	leverage	NOUN
cblr-2952	1341	2	.	.	PUNCT
cblr-2952	1342	1	investment	investment	NOUN
cblr-2952	1342	2	company	company	NOUN
cblr-2952	1342	3	act	act	VERB
cblr-2952	1342	4	limitations	limitation	NOUN
cblr-2952	1342	5	on	on	ADP
cblr-2952	1342	6	leverage	leverage	NOUN
cblr-2952	1342	7	and	and	CCONJ
cblr-2952	1342	8	borrowing	borrowing	NOUN
cblr-2952	1342	9	would	would	AUX
cblr-2952	1342	10	be	be	AUX
cblr-2952	1342	11	eliminated	eliminate	VERB
cblr-2952	1342	12	.	.	PUNCT
cblr-2952	1343	1	federal	federal	PROPN
cblr-2952	1343	2	reserve	reserve	PROPN
cblr-2952	1343	3	and	and	CCONJ
cblr-2952	1343	4	margin	margin	VERB
cblr-2952	1343	5	regulation	regulation	NOUN
cblr-2952	1343	6	with	with	ADP
cblr-2952	1343	7	respect	respect	NOUN
cblr-2952	1343	8	to	to	ADP
cblr-2952	1343	9	leverage	leverage	NOUN
cblr-2952	1343	10	and	and	CCONJ
cblr-2952	1343	11	borrowing	borrowing	NOUN
cblr-2952	1343	12	that	that	PRON
cblr-2952	1343	13	are	be	AUX
cblr-2952	1343	14	generally	generally	ADV
cblr-2952	1343	15	applicable	applicable	ADJ
cblr-2952	1343	16	to	to	ADP
cblr-2952	1343	17	both	both	CCONJ
cblr-2952	1343	18	private	private	ADJ
cblr-2952	1343	19	and	and	CCONJ
cblr-2952	1343	20	public	public	ADJ
cblr-2952	1343	21	funds	fund	NOUN
cblr-2952	1343	22	would	would	AUX
cblr-2952	1343	23	still	still	ADV
cblr-2952	1343	24	apply	apply	VERB
cblr-2952	1343	25	in	in	ADP
cblr-2952	1343	26	their	their	PRON
cblr-2952	1343	27	current	current	ADJ
cblr-2952	1343	28	form	form	NOUN
cblr-2952	1343	29	.	.	PUNCT
cblr-2952	1344	1	hedging	hedging	NOUN
cblr-2952	1344	2	.	.	PUNCT
cblr-2952	1345	1	investment	investment	NOUN
cblr-2952	1345	2	company	company	NOUN
cblr-2952	1345	3	act	act	VERB
cblr-2952	1345	4	limitations	limitation	NOUN
cblr-2952	1345	5	on	on	ADP
cblr-2952	1345	6	shorting	shorting	NOUN
cblr-2952	1345	7	and	and	CCONJ
cblr-2952	1345	8	margin	margin	NOUN
cblr-2952	1345	9	investing	investing	NOUN
cblr-2952	1345	10	would	would	AUX
cblr-2952	1345	11	be	be	AUX
cblr-2952	1345	12	eliminated	eliminate	VERB
cblr-2952	1345	13	.	.	PUNCT
cblr-2952	1346	1	qualifying	qualify	VERB
cblr-2952	1346	2	hedge	hedge	NOUN
cblr-2952	1346	3	funds	fund	NOUN
cblr-2952	1346	4	and	and	CCONJ
cblr-2952	1346	5	private	private	ADJ
cblr-2952	1346	6	equity	equity	NOUN
cblr-2952	1346	7	would	would	AUX
cblr-2952	1346	8	thus	thus	ADV
cblr-2952	1346	9	be	be	AUX
cblr-2952	1346	10	permitted	permit	VERB
cblr-2952	1346	11	to	to	PART
cblr-2952	1346	12	freely	freely	ADV
cblr-2952	1346	13	hedge	hedge	VERB
cblr-2952	1346	14	investments	investment	NOUN
cblr-2952	1346	15	and	and	CCONJ
cblr-2952	1346	16	engage	engage	VERB
cblr-2952	1346	17	in	in	ADP
cblr-2952	1346	18	derivative	derivative	ADJ
cblr-2952	1346	19	securities	security	NOUN
cblr-2952	1346	20	transactions	transaction	NOUN
cblr-2952	1346	21	.	.	PUNCT
cblr-2952	1347	1	diversification	diversification	NOUN
cblr-2952	1347	2	.	.	PUNCT
cblr-2952	1348	1	investment	investment	NOUN
cblr-2952	1348	2	company	company	NOUN
cblr-2952	1348	3	act	act	VERB
cblr-2952	1348	4	limitations	limitation	NOUN
cblr-2952	1348	5	on	on	ADP
cblr-2952	1348	6	diversification	diversification	NOUN
cblr-2952	1348	7	and	and	CCONJ
cblr-2952	1348	8	suitable	suitable	ADJ
cblr-2952	1348	9	investments	investment	NOUN
cblr-2952	1348	10	would	would	AUX
cblr-2952	1348	11	be	be	AUX
cblr-2952	1348	12	eliminated	eliminate	VERB
cblr-2952	1348	13	.	.	PUNCT
cblr-2952	1349	1	qualifying	qualify	VERB
cblr-2952	1349	2	hedge	hedge	NOUN
cblr-2952	1349	3	funds	fund	NOUN
cblr-2952	1349	4	and	and	CCONJ
cblr-2952	1349	5	private	private	ADJ
cblr-2952	1349	6	equity	equity	NOUN
cblr-2952	1349	7	funds	fund	NOUN
cblr-2952	1349	8	would	would	AUX
cblr-2952	1349	9	still	still	ADV
cblr-2952	1349	10	be	be	AUX
cblr-2952	1349	11	required	require	VERB
cblr-2952	1349	12	to	to	PART
cblr-2952	1349	13	disclose	disclose	VERB
cblr-2952	1349	14	an	an	DET
cblr-2952	1349	15	investment	investment	NOUN
cblr-2952	1349	16	plan	plan	NOUN
cblr-2952	1349	17	and	and	CCONJ
cblr-2952	1349	18	any	any	DET
cblr-2952	1349	19	revisions	revision	NOUN
cblr-2952	1349	20	to	to	ADP
cblr-2952	1349	21	it	it	PRON
cblr-2952	1349	22	as	as	ADV
cblr-2952	1349	23	well	well	ADV
cblr-2952	1349	24	as	as	ADP
cblr-2952	1349	25	materially	materially	ADV
cblr-2952	1349	26	comply	comply	ADJ
cblr-2952	1349	27	with	with	ADP
cblr-2952	1349	28	such	such	DET
cblr-2952	1349	29	a	a	DET
cblr-2952	1349	30	plan	plan	NOUN
cblr-2952	1349	31	.	.	PUNCT
cblr-2952	1350	1	hedging	hedging	NOUN
cblr-2952	1350	2	,	,	PUNCT
cblr-2952	1350	3	leveraging	leveraging	NOUN
cblr-2952	1350	4	,	,	PUNCT
cblr-2952	1350	5	and	and	CCONJ
cblr-2952	1350	6	other	other	ADJ
cblr-2952	1350	7	material	material	NOUN
cblr-2952	1350	8	investment	investment	NOUN
cblr-2952	1350	9	practices	practice	NOUN
cblr-2952	1350	10	would	would	AUX
cblr-2952	1350	11	also	also	ADV
cblr-2952	1350	12	need	need	VERB
cblr-2952	1350	13	to	to	PART
cblr-2952	1350	14	be	be	AUX
cblr-2952	1350	15	in	in	ADP
cblr-2952	1350	16	accordance	accordance	NOUN
cblr-2952	1350	17	with	with	ADP
cblr-2952	1350	18	this	this	DET
cblr-2952	1350	19	plan	plan	NOUN
cblr-2952	1350	20	.	.	PUNCT
cblr-2952	1351	1	redemptions	redemption	NOUN
cblr-2952	1351	2	.	.	PUNCT
cblr-2952	1352	1	the	the	DET
cblr-2952	1352	2	investment	investment	NOUN
cblr-2952	1352	3	company	company	NOUN
cblr-2952	1352	4	act	act	VERB
cblr-2952	1352	5	and	and	CCONJ
cblr-2952	1352	6	finra	finra	PROPN
cblr-2952	1352	7	requirements	requirement	NOUN
cblr-2952	1352	8	that	that	PRON
cblr-2952	1352	9	open	open	VERB
cblr-2952	1352	10	investment	investment	NOUN
cblr-2952	1352	11	companies	company	NOUN
cblr-2952	1352	12	permit	permit	VERB
cblr-2952	1352	13	investors	investor	NOUN
cblr-2952	1352	14	to	to	PART
cblr-2952	1352	15	daily	daily	ADV
cblr-2952	1352	16	redeem	redeem	VERB
cblr-2952	1352	17	their	their	PRON
cblr-2952	1352	18	investment	investment	NOUN
cblr-2952	1352	19	would	would	AUX
cblr-2952	1352	20	be	be	AUX
cblr-2952	1352	21	suspended	suspend	VERB
cblr-2952	1352	22	.	.	PUNCT
cblr-2952	1353	1	instead	instead	ADV
cblr-2952	1353	2	,	,	PUNCT
cblr-2952	1353	3	qualifying	qualify	VERB
cblr-2952	1353	4	hedge	hedge	NOUN
cblr-2952	1353	5	funds	fund	NOUN
cblr-2952	1353	6	and	and	CCONJ
cblr-2952	1353	7	private	private	ADJ
cblr-2952	1353	8	equity	equity	NOUN
cblr-2952	1353	9	funds	fund	NOUN
cblr-2952	1353	10	could	could	AUX
cblr-2952	1353	11	set	set	VERB
cblr-2952	1353	12	their	their	PRON
cblr-2952	1353	13	own	own	ADJ
cblr-2952	1353	14	time	time	NOUN
cblr-2952	1353	15	periods	period	NOUN
cblr-2952	1353	16	for	for	ADP
cblr-2952	1353	17	redemptions	redemption	NOUN
cblr-2952	1353	18	.	.	PUNCT
cblr-2952	1354	1	in	in	ADP
cblr-2952	1354	2	cases	case	NOUN
cblr-2952	1354	3	of	of	ADP
cblr-2952	1354	4	liquidity	liquidity	NOUN
cblr-2952	1354	5	crisis	crisis	NOUN
cblr-2952	1354	6	,	,	PUNCT
cblr-2952	1354	7	the	the	DET
cblr-2952	1354	8	funds	fund	NOUN
cblr-2952	1354	9	would	would	AUX
cblr-2952	1354	10	be	be	AUX
cblr-2952	1354	11	permitted	permit	VERB
cblr-2952	1354	12	to	to	PART
cblr-2952	1354	13	suspend	suspend	VERB
cblr-2952	1354	14	redemptions	redemption	NOUN
cblr-2952	1354	15	in	in	ADP
cblr-2952	1354	16	accordance	accordance	NOUN
cblr-2952	1354	17	with	with	ADP
cblr-2952	1354	18	pre	pre	ADJ
cblr-2952	1354	19	-	-	ADJ
cblr-2952	1354	20	disclosed	disclose	VERB
cblr-2952	1354	21	procedures	procedure	NOUN
cblr-2952	1354	22	.	.	PUNCT
cblr-2952	1355	1	special	special	ADJ
cblr-2952	1355	2	procedures	procedure	NOUN
cblr-2952	1355	3	would	would	AUX
cblr-2952	1355	4	be	be	AUX
cblr-2952	1355	5	considered	consider	VERB
cblr-2952	1355	6	to	to	PART
cblr-2952	1355	7	accommodate	accommodate	VERB
cblr-2952	1355	8	private	private	ADJ
cblr-2952	1355	9	equity	equity	NOUN
cblr-2952	1355	10	's	's	PART
cblr-2952	1355	11	practice	practice	NOUN
cblr-2952	1355	12	of	of	ADP
cblr-2952	1355	13	maintaining	maintain	VERB
cblr-2952	1355	14	capital	capital	NOUN
cblr-2952	1355	15	commitments	commitment	NOUN
cblr-2952	1355	16	rather	rather	ADV
cblr-2952	1355	17	than	than	ADP
cblr-2952	1355	18	receiving	receive	VERB
cblr-2952	1355	19	investment	investment	NOUN
cblr-2952	1355	20	funds	fund	NOUN
cblr-2952	1355	21	up	up	ADP
cblr-2952	1355	22	-	-	PUNCT
cblr-2952	1355	23	front	front	NOUN
cblr-2952	1355	24	.	.	PUNCT
cblr-2952	1356	1	the	the	DET
cblr-2952	1356	2	full	full	ADJ
cblr-2952	1356	3	scope	scope	NOUN
cblr-2952	1356	4	of	of	ADP
cblr-2952	1356	5	changes	change	NOUN
cblr-2952	1356	6	would	would	AUX
cblr-2952	1356	7	be	be	AUX
cblr-2952	1356	8	left	leave	VERB
cblr-2952	1356	9	to	to	ADP
cblr-2952	1356	10	the	the	DET
cblr-2952	1356	11	regulatory	regulatory	ADJ
cblr-2952	1356	12	process	process	NOUN
cblr-2952	1356	13	,	,	PUNCT
cblr-2952	1356	14	but	but	CCONJ
cblr-2952	1356	15	would	would	AUX
cblr-2952	1356	16	be	be	AUX
cblr-2952	1356	17	expected	expect	VERB
cblr-2952	1356	18	to	to	PART
cblr-2952	1356	19	encompass	encompass	VERB
cblr-2952	1356	20	the	the	DET
cblr-2952	1356	21	above	above	ADJ
cblr-2952	1356	22	proposed	propose	VERB
cblr-2952	1356	23	fundamental	fundamental	ADJ
cblr-2952	1356	24	changes	change	NOUN
cblr-2952	1356	25	and	and	CCONJ
cblr-2952	1356	26	any	any	DET
cblr-2952	1356	27	other	other	ADJ
cblr-2952	1356	28	revisions	revision	NOUN
cblr-2952	1356	29	necessary	necessary	ADJ
cblr-2952	1356	30	to	to	PART
cblr-2952	1356	31	make	make	VERB
cblr-2952	1356	32	the	the	DET
cblr-2952	1356	33	public	public	ADJ
cblr-2952	1356	34	offering	offering	NOUN
cblr-2952	1356	35	of	of	ADP
cblr-2952	1356	36	hedge	hedge	NOUN
cblr-2952	1356	37	funds	fund	NOUN
cblr-2952	1356	38	and	and	CCONJ
cblr-2952	1356	39	private	private	ADJ
cblr-2952	1356	40	equity	equity	NOUN
cblr-2952	1356	41	an	an	DET
cblr-2952	1356	42	economic	economic	ADJ
cblr-2952	1356	43	possibility	possibility	NOUN
cblr-2952	1356	44	.	.	PUNCT
cblr-2952	1357	1	here	here	ADV
cblr-2952	1357	2	,	,	PUNCT
cblr-2952	1357	3	the	the	DET
cblr-2952	1357	4	primary	primary	ADJ
cblr-2952	1357	5	regulatory	regulatory	ADJ
cblr-2952	1357	6	principle	principle	NOUN
cblr-2952	1357	7	would	would	AUX
cblr-2952	1357	8	be	be	AUX
cblr-2952	1357	9	for	for	SCONJ
cblr-2952	1357	10	the	the	DET
cblr-2952	1357	11	sec	sec	PROPN
cblr-2952	1357	12	to	to	PART
cblr-2952	1357	13	disregard	disregard	VERB
cblr-2952	1357	14	its	its	PRON
cblr-2952	1357	15	uneconomic	uneconomic	ADJ
cblr-2952	1357	16	fears	fear	NOUN
cblr-2952	1357	17	of	of	ADP
cblr-2952	1357	18	hedge	hedge	NOUN
cblr-2952	1357	19	funds	fund	NOUN
cblr-2952	1357	20	and	and	CCONJ
cblr-2952	1357	21	,	,	PUNCT
cblr-2952	1357	22	implicitly	implicitly	ADV
cblr-2952	1357	23	,	,	PUNCT
cblr-2952	1357	24	private	private	ADJ
cblr-2952	1357	25	equity	equity	NOUN
cblr-2952	1357	26	,	,	PUNCT
cblr-2952	1357	27	and	and	CCONJ
cblr-2952	1357	28	develop	develop	VERB
cblr-2952	1357	29	a	a	DET
cblr-2952	1357	30	system	system	NOUN
cblr-2952	1357	31	that	that	PRON
cblr-2952	1357	32	treats	treat	VERB
cblr-2952	1357	33	these	these	DET
cblr-2952	1357	34	investments	investment	NOUN
cblr-2952	1357	35	as	as	ADP
cblr-2952	1357	36	any	any	DET
cblr-2952	1357	37	other	other	ADJ
cblr-2952	1357	38	one	one	NUM
cblr-2952	1357	39	:	:	PUNCT
cblr-2952	1357	40	a	a	DET
cblr-2952	1357	41	permitted	permit	VERB
cblr-2952	1357	42	public	public	ADJ
cblr-2952	1357	43	investment	investment	NOUN
cblr-2952	1357	44	regulated	regulate	VERB
cblr-2952	1357	45	on	on	ADP
cblr-2952	1357	46	an	an	DET
cblr-2952	1357	47	economical	economical	ADJ
cblr-2952	1357	48	basis	basis	NOUN
cblr-2952	1357	49	to	to	PART
cblr-2952	1357	50	account	account	VERB
cblr-2952	1357	51	for	for	ADP
cblr-2952	1357	52	the	the	DET
cblr-2952	1357	53	risks	risk	NOUN
cblr-2952	1357	54	and	and	CCONJ
cblr-2952	1357	55	investor	investor	NOUN
cblr-2952	1357	56	rights	right	NOUN
cblr-2952	1357	57	associated	associate	VERB
cblr-2952	1357	58	with	with	ADP
cblr-2952	1357	59	it	it	PRON
cblr-2952	1357	60	.	.	PUNCT
cblr-2952	1358	1	during	during	ADP
cblr-2952	1358	2	this	this	DET
cblr-2952	1358	3	process	process	NOUN
cblr-2952	1358	4	,	,	PUNCT
cblr-2952	1358	5	technical	technical	ADJ
cblr-2952	1358	6	issues	issue	NOUN
cblr-2952	1358	7	of	of	ADP
cblr-2952	1358	8	differentiating	differentiate	VERB
cblr-2952	1358	9	open	open	ADJ
cblr-2952	1358	10	versus	versus	ADP
cblr-2952	1358	11	closed	closed	ADJ
cblr-2952	1358	12	funds	fund	NOUN
cblr-2952	1358	13	,	,	PUNCT
cblr-2952	1358	14	the	the	DET
cblr-2952	1358	15	valuation	valuation	NOUN
cblr-2952	1358	16	parameters	parameter	NOUN
cblr-2952	1358	17	for	for	ADP
cblr-2952	1358	18	redemptions	redemption	NOUN
cblr-2952	1358	19	in	in	ADP
cblr-2952	1358	20	the	the	DET
cblr-2952	1358	21	case	case	NOUN
cblr-2952	1358	22	of	of	ADP
cblr-2952	1358	23	these	these	DET
cblr-2952	1358	24	funds	fund	NOUN
cblr-2952	1358	25	,	,	PUNCT
cblr-2952	1358	26	the	the	DET
cblr-2952	1358	27	parameters	parameter	NOUN
cblr-2952	1358	28	of	of	ADP
cblr-2952	1358	29	investment	investment	NOUN
cblr-2952	1358	30	position	position	NOUN
cblr-2952	1358	31	disclosure	disclosure	NOUN
cblr-2952	1358	32	,	,	PUNCT
cblr-2952	1358	33	partnership	partnership	NOUN
cblr-2952	1358	34	governance	governance	NOUN
cblr-2952	1358	35	,	,	PUNCT
cblr-2952	1358	36	and	and	CCONJ
cblr-2952	1358	37	other	other	ADJ
cblr-2952	1358	38	issues	issue	NOUN
cblr-2952	1358	39	unique	unique	ADJ
cblr-2952	1358	40	to	to	PART
cblr-2952	1358	41	hedge	hedge	VERB
cblr-2952	1358	42	funds	fund	NOUN
cblr-2952	1358	43	and	and	CCONJ
cblr-2952	1358	44	private	private	ADJ
cblr-2952	1358	45	equity	equity	NOUN
cblr-2952	1358	46	would	would	AUX
cblr-2952	1358	47	be	be	AUX
cblr-2952	1358	48	addressed	address	VERB
cblr-2952	1358	49	.	.	PUNCT
cblr-2952	1359	1	the	the	DET
cblr-2952	1359	2	creation	creation	NOUN
cblr-2952	1359	3	of	of	ADP
cblr-2952	1359	4	an	an	DET
cblr-2952	1359	5	alternative	alternative	ADJ
cblr-2952	1359	6	investment	investment	NOUN
cblr-2952	1359	7	part	part	NOUN
cblr-2952	1359	8	within	within	ADP
cblr-2952	1359	9	the	the	DET
cblr-2952	1359	10	investment	investment	NOUN
cblr-2952	1359	11	company	company	NOUN
cblr-2952	1359	12	and	and	CCONJ
cblr-2952	1359	13	advisers	adviser	NOUN
cblr-2952	1359	14	act	act	VERB
cblr-2952	1359	15	would	would	AUX
cblr-2952	1359	16	thus	thus	ADV
cblr-2952	1359	17	allow	allow	VERB
cblr-2952	1359	18	for	for	ADP
cblr-2952	1359	19	more	more	ADV
cblr-2952	1359	20	particularized	particularized	ADJ
cblr-2952	1359	21	regulation	regulation	NOUN
cblr-2952	1359	22	geared	gear	VERB
cblr-2952	1359	23	towards	towards	ADP
cblr-2952	1359	24	the	the	DET
cblr-2952	1359	25	individualized	individualized	ADJ
cblr-2952	1359	26	needs	need	NOUN
cblr-2952	1359	27	of	of	ADP
cblr-2952	1359	28	these	these	DET
cblr-2952	1359	29	funds	fund	NOUN
cblr-2952	1359	30	.	.	PUNCT
cblr-2952	1360	1	this	this	PRON
cblr-2952	1360	2	would	would	AUX
cblr-2952	1360	3	ultimately	ultimately	ADV
cblr-2952	1360	4	permit	permit	VERB
cblr-2952	1360	5	the	the	DET
cblr-2952	1360	6	sec	sec	PROPN
cblr-2952	1360	7	to	to	PART
cblr-2952	1360	8	differentiate	differentiate	VERB
cblr-2952	1360	9	between	between	ADP
cblr-2952	1360	10	these	these	DET
cblr-2952	1360	11	funds	fund	NOUN
cblr-2952	1360	12	and	and	CCONJ
cblr-2952	1360	13	mutual	mutual	ADJ
cblr-2952	1360	14	funds	fund	NOUN
cblr-2952	1360	15	in	in	ADP
cblr-2952	1360	16	promulgating	promulgate	VERB
cblr-2952	1360	17	securities	security	NOUN
cblr-2952	1360	18	regulation	regulation	NOUN
cblr-2952	1360	19	and	and	CCONJ
cblr-2952	1360	20	allow	allow	VERB
cblr-2952	1360	21	the	the	DET
cblr-2952	1360	22	determination	determination	NOUN
cblr-2952	1360	23	of	of	ADP
cblr-2952	1360	24	separate	separate	ADJ
cblr-2952	1360	25	or	or	CCONJ
cblr-2952	1360	26	uniform	uniform	ADJ
cblr-2952	1360	27	regulation	regulation	NOUN
cblr-2952	1360	28	for	for	ADP
cblr-2952	1360	29	these	these	DET
cblr-2952	1360	30	differing	differ	VERB
cblr-2952	1360	31	investment	investment	NOUN
cblr-2952	1360	32	companies	company	NOUN
cblr-2952	1360	33	as	as	ADP
cblr-2952	1360	34	economically	economically	ADV
cblr-2952	1360	35	and	and	CCONJ
cblr-2952	1360	36	socially	socially	ADV
cblr-2952	1360	37	necessary	necessary	ADJ
cblr-2952	1360	38	.	.	PUNCT
cblr-2952	1361	1	moreover	moreover	ADV
cblr-2952	1361	2	,	,	PUNCT
cblr-2952	1361	3	individualized	individualized	ADJ
cblr-2952	1361	4	treatment	treatment	NOUN
cblr-2952	1361	5	of	of	ADP
cblr-2952	1361	6	hedge	hedge	NOUN
cblr-2952	1361	7	fund	fund	NOUN
cblr-2952	1361	8	and	and	CCONJ
cblr-2952	1361	9	private	private	ADJ
cblr-2952	1361	10	equity	equity	NOUN
cblr-2952	1361	11	would	would	AUX
cblr-2952	1361	12	spur	spur	VERB
cblr-2952	1361	13	the	the	DET
cblr-2952	1361	14	specialization	specialization	NOUN
cblr-2952	1361	15	of	of	ADP
cblr-2952	1361	16	the	the	DET
cblr-2952	1361	17	sec	sec	PROPN
cblr-2952	1361	18	staff	staff	NOUN
cblr-2952	1361	19	in	in	ADP
cblr-2952	1361	20	this	this	DET
cblr-2952	1361	21	area	area	NOUN
cblr-2952	1361	22	to	to	PART
cblr-2952	1361	23	account	account	VERB
cblr-2952	1361	24	for	for	ADP
cblr-2952	1361	25	the	the	DET
cblr-2952	1361	26	particularized	particularize	VERB
cblr-2952	1361	27	needs	need	NOUN
cblr-2952	1361	28	of	of	ADP
cblr-2952	1361	29	hedge	hedge	NOUN
cblr-2952	1361	30	funds	fund	NOUN
cblr-2952	1361	31	and	and	CCONJ
cblr-2952	1361	32	private	private	ADJ
cblr-2952	1361	33	equity	equity	NOUN
cblr-2952	1361	34	.	.	PUNCT
cblr-2952	1362	1	this	this	PRON
cblr-2952	1362	2	should	should	AUX
cblr-2952	1362	3	result	result	VERB
cblr-2952	1362	4	in	in	ADP
cblr-2952	1362	5	regulation	regulation	NOUN
cblr-2952	1362	6	more	more	ADV
cblr-2952	1362	7	attuned	attuned	ADJ
cblr-2952	1362	8	to	to	ADP
cblr-2952	1362	9	the	the	DET
cblr-2952	1362	10	needs	need	NOUN
cblr-2952	1362	11	of	of	ADP
cblr-2952	1362	12	these	these	DET
cblr-2952	1362	13	investments	investment	NOUN
cblr-2952	1362	14	accounting	account	VERB
cblr-2952	1362	15	for	for	ADP
cblr-2952	1362	16	their	their	PRON
cblr-2952	1362	17	material	material	NOUN
cblr-2952	1362	18	differences	difference	NOUN
cblr-2952	1362	19	from	from	ADP
cblr-2952	1362	20	mutual	mutual	ADJ
cblr-2952	1362	21	funds	fund	NOUN
cblr-2952	1362	22	and	and	CCONJ
cblr-2952	1362	23	other	other	ADJ
cblr-2952	1362	24	investments.3	investments.3	NOUN
cblr-2952	1362	25	°	°	ADP
cblr-2952	1362	26	2	2	NUM
cblr-2952	1362	27	302	302	NUM
cblr-2952	1362	28	the	the	DET
cblr-2952	1362	29	creation	creation	NOUN
cblr-2952	1362	30	of	of	ADP
cblr-2952	1362	31	an	an	DET
cblr-2952	1362	32	alternative	alternative	ADJ
cblr-2952	1362	33	investment	investment	NOUN
cblr-2952	1362	34	part	part	NOUN
cblr-2952	1362	35	would	would	AUX
cblr-2952	1362	36	not	not	PART
cblr-2952	1362	37	render	render	VERB
cblr-2952	1362	38	the	the	DET
cblr-2952	1362	39	investment	investment	NOUN
cblr-2952	1362	40	company	company	NOUN
cblr-2952	1362	41	act	act	NOUN
cblr-2952	1362	42	and	and	CCONJ
cblr-2952	1362	43	advisers	adviser	NOUN
cblr-2952	1362	44	act	act	VERB
cblr-2952	1362	45	wholly	wholly	ADV
cblr-2952	1362	46	inapplicable	inapplicable	ADJ
cblr-2952	1362	47	to	to	PART
cblr-2952	1362	48	hedge	hedge	VERB
cblr-2952	1362	49	funds	fund	NOUN
cblr-2952	1362	50	and	and	CCONJ
cblr-2952	1362	51	private	private	ADJ
cblr-2952	1362	52	equity	equity	NOUN
cblr-2952	1362	53	.	.	PUNCT
cblr-2952	1363	1	many	many	ADJ
cblr-2952	1363	2	of	of	ADP
cblr-2952	1363	3	the	the	DET
cblr-2952	1363	4	investment	investment	NOUN
cblr-2952	1363	5	company	company	NOUN
cblr-2952	1363	6	act	act	VERB
cblr-2952	1363	7	rules	rule	NOUN
cblr-2952	1363	8	,	,	PUNCT
cblr-2952	1363	9	such	such	ADJ
cblr-2952	1363	10	as	as	ADP
cblr-2952	1363	11	limits	limit	NOUN
cblr-2952	1363	12	on	on	ADP
cblr-2952	1363	13	marketing	marketing	NOUN
cblr-2952	1363	14	and	and	CCONJ
cblr-2952	1363	15	administrative	administrative	ADJ
cblr-2952	1363	16	fees	fee	NOUN
cblr-2952	1363	17	and	and	CCONJ
cblr-2952	1363	18	mandatory	mandatory	ADJ
cblr-2952	1363	19	independent	independent	ADJ
cblr-2952	1363	20	director	director	NOUN
cblr-2952	1363	21	requirements	requirement	NOUN
cblr-2952	1363	22	or	or	CCONJ
cblr-2952	1363	23	their	their	PRON
cblr-2952	1363	24	equivalent	equivalent	NOUN
cblr-2952	1363	25	should	should	AUX
cblr-2952	1363	26	arguably	arguably	ADV
cblr-2952	1363	27	264	264	NUM
cblr-2952	1363	28	col	col	PROPN
cblr-2952	1363	29	umbia	umbia	PROPN
cblr-2952	1363	30	b	b	PROPN
cblr-2952	1364	1	usiness	usiness	PROPN
cblr-2952	1364	2	la	la	PROPN
cblr-2952	1364	3	w	w	PROPN
cblr-2952	1364	4	re	re	PROPN
cblr-2952	1364	5	vie	vie	PROPN
cblr-2952	1364	6	w	w	PROPN
cblr-2952	1365	1	[	[	X
cblr-2952	1365	2	vol	vol	NOUN
cblr-2952	1365	3	.	.	NOUN
cblr-2952	1365	4	2008	2008	NUM
cblr-2952	1365	5	black	black	ADJ
cblr-2952	1365	6	market	market	NOUN
cblr-2952	1365	7	capital	capital	NOUN
cblr-2952	1365	8	vii	vii	PROPN
cblr-2952	1365	9	.	.	PROPN
cblr-2952	1365	10	conclusion	conclusion	PROPN
cblr-2952	1365	11	professor	professor	PROPN
cblr-2952	1365	12	troy	troy	PROPN
cblr-2952	1365	13	paredes	paredes	PROPN
cblr-2952	1365	14	has	have	AUX
cblr-2952	1365	15	ably	ably	ADV
cblr-2952	1365	16	analyzed	analyze	VERB
cblr-2952	1365	17	in	in	ADP
cblr-2952	1365	18	two	two	NUM
cblr-2952	1365	19	recent	recent	ADJ
cblr-2952	1365	20	companion	companion	NOUN
cblr-2952	1365	21	articles	article	NOUN
cblr-2952	1365	22	the	the	DET
cblr-2952	1365	23	forces	force	NOUN
cblr-2952	1365	24	driving	drive	VERB
cblr-2952	1365	25	recent	recent	ADJ
cblr-2952	1365	26	sec	sec	PROPN
cblr-2952	1365	27	attempts	attempt	NOUN
cblr-2952	1365	28	to	to	PART
cblr-2952	1365	29	regulate	regulate	VERB
cblr-2952	1365	30	hedge	hedge	NOUN
cblr-2952	1365	31	funds.33	funds.33	NOUN
cblr-2952	1365	32	he	he	PRON
cblr-2952	1365	33	highlights	highlight	VERB
cblr-2952	1365	34	the	the	DET
cblr-2952	1365	35	"	"	PUNCT
cblr-2952	1365	36	weak	weak	ADJ
cblr-2952	1365	37	"	"	PUNCT
cblr-2952	1365	38	case	case	NOUN
cblr-2952	1365	39	for	for	ADP
cblr-2952	1365	40	additional	additional	ADJ
cblr-2952	1365	41	sec	sec	PROPN
cblr-2952	1365	42	regulation	regulation	NOUN
cblr-2952	1365	43	in	in	ADP
cblr-2952	1365	44	this	this	DET
cblr-2952	1365	45	area	area	NOUN
cblr-2952	1365	46	and	and	CCONJ
cblr-2952	1365	47	notes	note	VERB
cblr-2952	1365	48	that	that	SCONJ
cblr-2952	1365	49	the	the	DET
cblr-2952	1365	50	sec	sec	PROPN
cblr-2952	1365	51	"	"	PUNCT
cblr-2952	1365	52	paid	pay	VERB
cblr-2952	1365	53	relatively	relatively	ADV
cblr-2952	1365	54	short	short	ADJ
cblr-2952	1365	55	shrift	shrift	NOUN
cblr-2952	1365	56	to	to	ADP
cblr-2952	1365	57	the	the	DET
cblr-2952	1365	58	cost	cost	NOUN
cblr-2952	1365	59	of	of	ADP
cblr-2952	1365	60	regulating	regulate	VERB
cblr-2952	1365	61	hedge	hedge	NOUN
cblr-2952	1365	62	funds	fund	NOUN
cblr-2952	1365	63	,	,	PUNCT
cblr-2952	1365	64	"	"	PUNCT
cblr-2952	1365	65	with	with	ADP
cblr-2952	1365	66	its	its	PRON
cblr-2952	1365	67	adviser	adviser	NOUN
cblr-2952	1365	68	registration	registration	NOUN
cblr-2952	1365	69	rule.0	rule.0	PROPN
cblr-2952	1365	70	4	4	NUM
cblr-2952	1365	71	instead	instead	ADV
cblr-2952	1365	72	,	,	PUNCT
cblr-2952	1365	73	he	he	PRON
cblr-2952	1365	74	attributes	attribute	VERB
cblr-2952	1365	75	the	the	DET
cblr-2952	1365	76	sec	sec	PROPN
cblr-2952	1365	77	's	's	PART
cblr-2952	1365	78	rule	rule	NOUN
cblr-2952	1365	79	-	-	PUNCT
cblr-2952	1365	80	making	making	NOUN
cblr-2952	1365	81	to	to	PART
cblr-2952	1365	82	factors	factor	NOUN
cblr-2952	1365	83	such	such	ADJ
cblr-2952	1365	84	as	as	ADP
cblr-2952	1365	85	the	the	DET
cblr-2952	1365	86	political	political	ADJ
cblr-2952	1365	87	economy	economy	NOUN
cblr-2952	1365	88	of	of	ADP
cblr-2952	1365	89	public	public	ADJ
cblr-2952	1365	90	demand	demand	NOUN
cblr-2952	1365	91	,	,	PUNCT
cblr-2952	1365	92	a	a	DET
cblr-2952	1365	93	precautionary	precautionary	ADJ
cblr-2952	1365	94	principle	principle	NOUN
cblr-2952	1365	95	and	and	CCONJ
cblr-2952	1365	96	cognitive	cognitive	ADJ
cblr-2952	1365	97	psychology	psychology	NOUN
cblr-2952	1365	98	.	.	PUNCT
cblr-2952	1366	1	professor	professor	NOUN
cblr-2952	1366	2	paredes	parede	VERB
cblr-2952	1366	3	in	in	ADP
cblr-2952	1366	4	particular	particular	ADJ
cblr-2952	1366	5	cites	cite	VERB
cblr-2952	1366	6	the	the	DET
cblr-2952	1366	7	recent	recent	ADJ
cblr-2952	1366	8	noted	note	VERB
cblr-2952	1366	9	work	work	NOUN
cblr-2952	1366	10	of	of	ADP
cblr-2952	1366	11	professor	professor	PROPN
cblr-2952	1366	12	cass	cass	PROPN
cblr-2952	1366	13	sunstein	sunstein	PROPN
cblr-2952	1366	14	to	to	PART
cblr-2952	1366	15	highlight	highlight	VERB
cblr-2952	1366	16	that	that	SCONJ
cblr-2952	1366	17	"	"	PUNCT
cblr-2952	1366	18	precautionary	precautionary	ADJ
cblr-2952	1366	19	steps	step	NOUN
cblr-2952	1366	20	with	with	ADP
cblr-2952	1366	21	respect	respect	NOUN
cblr-2952	1366	22	to	to	ADP
cblr-2952	1366	23	one	one	NUM
cblr-2952	1366	24	risk	risk	NOUN
cblr-2952	1366	25	inevitably	inevitably	ADV
cblr-2952	1366	26	leads	lead	VERB
cblr-2952	1366	27	to	to	PART
cblr-2952	1366	28	another,"3	another,"3	VERB
cblr-2952	1366	29	5	5	NUM
cblr-2952	1366	30	and	and	CCONJ
cblr-2952	1366	31	can	can	AUX
cblr-2952	1366	32	lead	lead	VERB
cblr-2952	1366	33	to	to	ADP
cblr-2952	1366	34	sec	sec	PROPN
cblr-2952	1366	35	overregulation	overregulation	NOUN
cblr-2952	1366	36	or	or	CCONJ
cblr-2952	1366	37	misregulation	misregulation	NOUN
cblr-2952	1366	38	.	.	PUNCT
cblr-2952	1367	1	black	black	ADJ
cblr-2952	1367	2	market	market	NOUN
cblr-2952	1367	3	capital	capital	NOUN
cblr-2952	1367	4	provides	provide	VERB
cblr-2952	1367	5	important	important	ADJ
cblr-2952	1367	6	support	support	NOUN
cblr-2952	1367	7	for	for	ADP
cblr-2952	1367	8	the	the	DET
cblr-2952	1367	9	observations	observation	NOUN
cblr-2952	1367	10	of	of	ADP
cblr-2952	1367	11	professor	professor	NOUN
cblr-2952	1367	12	paredes	parede	NOUN
cblr-2952	1367	13	.	.	PUNCT
cblr-2952	1368	1	historical	historical	ADJ
cblr-2952	1368	2	investment	investment	NOUN
cblr-2952	1368	3	company	company	NOUN
cblr-2952	1368	4	regulation	regulation	NOUN
cblr-2952	1368	5	has	have	AUX
cblr-2952	1368	6	effectively	effectively	ADV
cblr-2952	1368	7	prohibited	prohibit	VERB
cblr-2952	1368	8	private	private	ADJ
cblr-2952	1368	9	equity	equity	NOUN
cblr-2952	1368	10	and	and	CCONJ
cblr-2952	1368	11	hedge	hedge	NOUN
cblr-2952	1368	12	funds	fund	NOUN
cblr-2952	1368	13	from	from	ADP
cblr-2952	1368	14	accessing	access	VERB
cblr-2952	1368	15	the	the	DET
cblr-2952	1368	16	public	public	ADJ
cblr-2952	1368	17	markets	market	NOUN
cblr-2952	1368	18	.	.	PUNCT
cblr-2952	1369	1	this	this	DET
cblr-2952	1369	2	regulatory	regulatory	ADJ
cblr-2952	1369	3	bar	bar	NOUN
cblr-2952	1369	4	has	have	AUX
cblr-2952	1369	5	been	be	AUX
cblr-2952	1369	6	one	one	NUM
cblr-2952	1369	7	the	the	DET
cblr-2952	1369	8	sec	sec	PROPN
cblr-2952	1369	9	has	have	AUX
cblr-2952	1369	10	preserved	preserve	VERB
cblr-2952	1369	11	and	and	CCONJ
cblr-2952	1369	12	is	be	AUX
cblr-2952	1369	13	now	now	ADV
cblr-2952	1369	14	attempting	attempt	VERB
cblr-2952	1369	15	to	to	PART
cblr-2952	1369	16	strengthen	strengthen	VERB
cblr-2952	1369	17	by	by	ADP
cblr-2952	1369	18	further	far	ADV
cblr-2952	1369	19	limiting	limit	VERB
cblr-2952	1369	20	the	the	DET
cblr-2952	1369	21	ability	ability	NOUN
cblr-2952	1369	22	of	of	ADP
cblr-2952	1369	23	investors	investor	NOUN
cblr-2952	1369	24	to	to	PART
cblr-2952	1369	25	invest	invest	VERB
cblr-2952	1369	26	in	in	ADP
cblr-2952	1369	27	these	these	DET
cblr-2952	1369	28	funds	fund	NOUN
cblr-2952	1369	29	.	.	PUNCT
cblr-2952	1370	1	the	the	DET
cblr-2952	1370	2	result	result	NOUN
cblr-2952	1370	3	is	be	AUX
cblr-2952	1370	4	black	black	ADJ
cblr-2952	1370	5	market	market	NOUN
cblr-2952	1370	6	capital	capital	NOUN
cblr-2952	1370	7	,	,	PUNCT
cblr-2952	1370	8	a	a	DET
cblr-2952	1370	9	consequence	consequence	NOUN
cblr-2952	1370	10	with	with	ADP
cblr-2952	1370	11	arguably	arguably	ADV
cblr-2952	1370	12	greater	great	ADJ
cblr-2952	1370	13	adverse	adverse	ADJ
cblr-2952	1370	14	effects	effect	NOUN
cblr-2952	1370	15	to	to	ADP
cblr-2952	1370	16	the	the	DET
cblr-2952	1370	17	u.s	u.s	PROPN
cblr-2952	1370	18	.	.	PROPN
cblr-2952	1370	19	capital	capital	NOUN
cblr-2952	1370	20	markets	market	NOUN
cblr-2952	1370	21	.	.	PUNCT
cblr-2952	1371	1	moreover	moreover	ADV
cblr-2952	1371	2	,	,	PUNCT
cblr-2952	1371	3	the	the	DET
cblr-2952	1371	4	sec	sec	PROPN
cblr-2952	1371	5	's	's	PART
cblr-2952	1371	6	still	still	ADV
cblr-2952	1371	7	apply	apply	VERB
cblr-2952	1371	8	.	.	PUNCT
cblr-2952	1372	1	in	in	ADP
cblr-2952	1372	2	particular	particular	ADJ
cblr-2952	1372	3	,	,	PUNCT
cblr-2952	1372	4	the	the	DET
cblr-2952	1372	5	registration	registration	NOUN
cblr-2952	1372	6	requirements	requirement	NOUN
cblr-2952	1372	7	under	under	ADP
cblr-2952	1372	8	the	the	DET
cblr-2952	1372	9	advisers	adviser	NOUN
cblr-2952	1372	10	act	act	VERB
cblr-2952	1372	11	for	for	ADP
cblr-2952	1372	12	public	public	ADJ
cblr-2952	1372	13	advisers	adviser	NOUN
cblr-2952	1372	14	might	might	AUX
cblr-2952	1372	15	still	still	ADV
cblr-2952	1372	16	be	be	AUX
cblr-2952	1372	17	maintained	maintain	VERB
cblr-2952	1372	18	in	in	ADP
cblr-2952	1372	19	their	their	PRON
cblr-2952	1372	20	current	current	ADJ
cblr-2952	1372	21	form	form	NOUN
cblr-2952	1372	22	.	.	PUNCT
cblr-2952	1373	1	preservation	preservation	NOUN
cblr-2952	1373	2	of	of	ADP
cblr-2952	1373	3	these	these	DET
cblr-2952	1373	4	rules	rule	NOUN
cblr-2952	1373	5	would	would	AUX
cblr-2952	1373	6	arguably	arguably	ADV
cblr-2952	1373	7	fit	fit	VERB
cblr-2952	1373	8	squarely	squarely	ADV
cblr-2952	1373	9	within	within	ADP
cblr-2952	1373	10	this	this	DET
cblr-2952	1373	11	article	article	NOUN
cblr-2952	1373	12	's	's	PART
cblr-2952	1373	13	proposal	proposal	NOUN
cblr-2952	1373	14	:	:	PUNCT
cblr-2952	1373	15	to	to	PART
cblr-2952	1373	16	create	create	VERB
cblr-2952	1373	17	a	a	DET
cblr-2952	1373	18	regime	regime	NOUN
cblr-2952	1373	19	which	which	PRON
cblr-2952	1373	20	permits	permit	VERB
cblr-2952	1373	21	the	the	DET
cblr-2952	1373	22	public	public	ADJ
cblr-2952	1373	23	offering	offering	NOUN
cblr-2952	1373	24	and	and	CCONJ
cblr-2952	1373	25	listing	listing	NOUN
cblr-2952	1373	26	of	of	ADP
cblr-2952	1373	27	hedge	hedge	NOUN
cblr-2952	1373	28	funds	fund	NOUN
cblr-2952	1373	29	and	and	CCONJ
cblr-2952	1373	30	private	private	ADJ
cblr-2952	1373	31	equity	equity	NOUN
cblr-2952	1373	32	.	.	PUNCT
cblr-2952	1374	1	this	this	PRON
cblr-2952	1374	2	means	mean	VERB
cblr-2952	1374	3	discarding	discard	VERB
cblr-2952	1374	4	regulation	regulation	NOUN
cblr-2952	1374	5	that	that	PRON
cblr-2952	1374	6	effectively	effectively	ADV
cblr-2952	1374	7	prohibits	prohibit	VERB
cblr-2952	1374	8	the	the	DET
cblr-2952	1374	9	public	public	ADJ
cblr-2952	1374	10	purchase	purchase	NOUN
cblr-2952	1374	11	of	of	ADP
cblr-2952	1374	12	these	these	DET
cblr-2952	1374	13	investments	investment	NOUN
cblr-2952	1374	14	.	.	PUNCT
cblr-2952	1375	1	but	but	CCONJ
cblr-2952	1375	2	other	other	ADJ
cblr-2952	1375	3	investment	investment	NOUN
cblr-2952	1375	4	company	company	NOUN
cblr-2952	1375	5	and	and	CCONJ
cblr-2952	1375	6	advisers	adviser	NOUN
cblr-2952	1375	7	act	act	VERB
cblr-2952	1375	8	regulation	regulation	NOUN
cblr-2952	1375	9	might	might	AUX
cblr-2952	1375	10	still	still	ADV
cblr-2952	1375	11	be	be	AUX
cblr-2952	1375	12	economically	economically	ADV
cblr-2952	1375	13	and	and	CCONJ
cblr-2952	1375	14	socially	socially	ADV
cblr-2952	1375	15	suitable	suitable	ADJ
cblr-2952	1375	16	for	for	ADP
cblr-2952	1375	17	these	these	DET
cblr-2952	1375	18	funds	fund	NOUN
cblr-2952	1375	19	and	and	CCONJ
cblr-2952	1375	20	their	their	PRON
cblr-2952	1375	21	preservation	preservation	NOUN
cblr-2952	1375	22	optimal	optimal	ADJ
cblr-2952	1375	23	.	.	PUNCT
cblr-2952	1376	1	the	the	DET
cblr-2952	1376	2	creation	creation	NOUN
cblr-2952	1376	3	of	of	ADP
cblr-2952	1376	4	an	an	DET
cblr-2952	1376	5	alternative	alternative	ADJ
cblr-2952	1376	6	investment	investment	NOUN
cblr-2952	1376	7	part	part	NOUN
cblr-2952	1376	8	allows	allow	VERB
cblr-2952	1376	9	for	for	ADP
cblr-2952	1376	10	this	this	PRON
cblr-2952	1376	11	but	but	CCONJ
cblr-2952	1376	12	also	also	ADV
cblr-2952	1376	13	preserves	preserve	VERB
cblr-2952	1376	14	the	the	DET
cblr-2952	1376	15	possibility	possibility	NOUN
cblr-2952	1376	16	of	of	ADP
cblr-2952	1376	17	targeting	target	VERB
cblr-2952	1376	18	this	this	DET
cblr-2952	1376	19	regulation	regulation	NOUN
cblr-2952	1376	20	to	to	ADP
cblr-2952	1376	21	the	the	DET
cblr-2952	1376	22	peculiar	peculiar	ADJ
cblr-2952	1376	23	needs	need	NOUN
cblr-2952	1376	24	of	of	ADP
cblr-2952	1376	25	these	these	DET
cblr-2952	1376	26	funds	fund	NOUN
cblr-2952	1376	27	.	.	PUNCT
cblr-2952	1377	1	such	such	DET
cblr-2952	1377	2	a	a	DET
cblr-2952	1377	3	regime	regime	NOUN
cblr-2952	1377	4	would	would	AUX
cblr-2952	1377	5	likely	likely	ADV
cblr-2952	1377	6	substantially	substantially	ADV
cblr-2952	1377	7	reduce	reduce	VERB
cblr-2952	1377	8	if	if	SCONJ
cblr-2952	1377	9	not	not	PART
cblr-2952	1377	10	entirely	entirely	ADV
cblr-2952	1377	11	eliminate	eliminate	VERB
cblr-2952	1377	12	the	the	DET
cblr-2952	1377	13	forces	force	NOUN
cblr-2952	1377	14	engendering	engender	VERB
cblr-2952	1377	15	black	black	ADJ
cblr-2952	1377	16	market	market	NOUN
cblr-2952	1377	17	capital	capital	NOUN
cblr-2952	1377	18	.	.	PUNCT
cblr-2952	1378	1	303	303	NUM
cblr-2952	1378	2	see	see	VERB
cblr-2952	1378	3	paredes	parede	NOUN
cblr-2952	1378	4	,	,	PUNCT
cblr-2952	1378	5	supra	supra	PROPN
cblr-2952	1378	6	note	note	PROPN
cblr-2952	1378	7	26	26	NUM
cblr-2952	1378	8	;	;	PUNCT
cblr-2952	1378	9	paredes	paredes	PROPN
cblr-2952	1378	10	,	,	PUNCT
cblr-2952	1378	11	supra	supra	PROPN
cblr-2952	1378	12	note	note	NOUN
cblr-2952	1378	13	144	144	NUM
cblr-2952	1378	14	.	.	PUNCT
cblr-2952	1378	15	304	304	NUM
cblr-2952	1378	16	paredes	parede	NOUN
cblr-2952	1378	17	,	,	PUNCT
cblr-2952	1378	18	supra	supra	PROPN
cblr-2952	1378	19	note	note	NOUN
cblr-2952	1378	20	26	26	NUM
cblr-2952	1378	21	at	at	ADP
cblr-2952	1378	22	1006	1006	NUM
cblr-2952	1378	23	.	.	PUNCT
cblr-2952	1379	1	305	305	NUM
cblr-2952	1379	2	paredes	parede	NOUN
cblr-2952	1379	3	,	,	PUNCT
cblr-2952	1379	4	supra	supra	PROPN
cblr-2952	1379	5	note	note	PROPN
cblr-2952	1379	6	144	144	NUM
cblr-2952	1379	7	,	,	PUNCT
cblr-2952	1379	8	at	at	ADP
cblr-2952	1379	9	18	18	NUM
cblr-2952	1379	10	(	(	PUNCT
cblr-2952	1379	11	citing	cite	VERB
cblr-2952	1379	12	cass	cass	PROPN
cblr-2952	1379	13	r.	r.	PROPN
cblr-2952	1379	14	sunstein	sunstein	PROPN
cblr-2952	1379	15	,	,	PUNCT
cblr-2952	1379	16	laws	law	NOUN
cblr-2952	1379	17	of	of	ADP
cblr-2952	1379	18	fear	fear	NOUN
cblr-2952	1379	19	:	:	PUNCT
cblr-2952	1379	20	beyond	beyond	ADP
cblr-2952	1379	21	the	the	DET
cblr-2952	1379	22	precautionary	precautionary	ADJ
cblr-2952	1379	23	principle	principle	NOUN
cblr-2952	1379	24	,	,	PUNCT
cblr-2952	1379	25	at	at	ADP
cblr-2952	1379	26	1020	1020	NUM
cblr-2952	1379	27	-	-	SYM
cblr-2952	1379	28	29	29	NUM
cblr-2952	1379	29	(	(	PUNCT
cblr-2952	1379	30	cambridge	cambridge	PROPN
cblr-2952	1379	31	univ	univ	PROPN
cblr-2952	1379	32	.	.	PUNCT
cblr-2952	1380	1	press	press	PROPN
cblr-2952	1380	2	2005	2005	NUM
cblr-2952	1380	3	)	)	PUNCT
cblr-2952	1380	4	)	)	PUNCT
cblr-2952	1380	5	.	.	PUNCT
cblr-2952	1381	1	no	no	INTJ
cblr-2952	1381	2	.	.	PUNCT
cblr-2952	1382	1	1:172	1:172	NUM
cblr-2952	1382	2	]	]	X
cblr-2952	1383	1	columbia	columbia	PROPN
cblr-2952	1383	2	business	business	PROPN
cblr-2952	1383	3	la	la	PROPN
cblr-2952	1383	4	w	w	PROPN
cblr-2952	1383	5	re	re	PROPN
cblr-2952	1383	6	vie	vie	PROPN
cblr-2952	1383	7	w	w	PROPN
cblr-2952	1383	8	failure	failure	NOUN
cblr-2952	1383	9	to	to	PART
cblr-2952	1383	10	undertake	undertake	VERB
cblr-2952	1383	11	a	a	DET
cblr-2952	1383	12	proper	proper	ADJ
cblr-2952	1383	13	cost	cost	NOUN
cblr-2952	1383	14	-	-	PUNCT
cblr-2952	1383	15	benefit	benefit	NOUN
cblr-2952	1383	16	analysis	analysis	NOUN
cblr-2952	1383	17	of	of	ADP
cblr-2952	1383	18	an	an	DET
cblr-2952	1383	19	open	open	ADJ
cblr-2952	1383	20	market	market	NOUN
cblr-2952	1383	21	regulatory	regulatory	ADJ
cblr-2952	1383	22	regime	regime	NOUN
cblr-2952	1383	23	has	have	AUX
cblr-2952	1383	24	deprived	deprive	VERB
cblr-2952	1383	25	investors	investor	NOUN
cblr-2952	1383	26	of	of	ADP
cblr-2952	1383	27	access	access	NOUN
cblr-2952	1383	28	to	to	ADP
cblr-2952	1383	29	potentially	potentially	ADV
cblr-2952	1383	30	beneficial	beneficial	ADJ
cblr-2952	1383	31	investment	investment	NOUN
cblr-2952	1383	32	opportunities	opportunity	NOUN
cblr-2952	1383	33	.	.	PUNCT
cblr-2952	1384	1	black	black	ADJ
cblr-2952	1384	2	market	market	NOUN
cblr-2952	1384	3	capital	capital	NOUN
cblr-2952	1384	4	thus	thus	ADV
cblr-2952	1384	5	also	also	ADV
cblr-2952	1384	6	highlights	highlight	VERB
cblr-2952	1384	7	the	the	DET
cblr-2952	1384	8	importance	importance	NOUN
cblr-2952	1384	9	of	of	ADP
cblr-2952	1384	10	such	such	ADJ
cblr-2952	1384	11	economic	economic	ADJ
cblr-2952	1384	12	analysis	analysis	NOUN
cblr-2952	1384	13	in	in	ADP
cblr-2952	1384	14	regulation	regulation	NOUN
cblr-2952	1384	15	.	.	PUNCT
cblr-2952	1385	1	it	it	PRON
cblr-2952	1385	2	also	also	ADV
cblr-2952	1385	3	underlines	underline	VERB
cblr-2952	1385	4	the	the	DET
cblr-2952	1385	5	costs	cost	NOUN
cblr-2952	1385	6	inherent	inherent	ADJ
cblr-2952	1385	7	in	in	ADP
cblr-2952	1385	8	any	any	DET
cblr-2952	1385	9	regulation	regulation	NOUN
cblr-2952	1385	10	;	;	PUNCT
cblr-2952	1385	11	here	here	ADV
cblr-2952	1385	12	black	black	ADJ
cblr-2952	1385	13	market	market	NOUN
cblr-2952	1385	14	capital	capital	NOUN
cblr-2952	1385	15	is	be	AUX
cblr-2952	1385	16	a	a	DET
cblr-2952	1385	17	previously	previously	ADV
cblr-2952	1385	18	unrecognized	unrecognize	VERB
cblr-2952	1385	19	cost	cost	NOUN
cblr-2952	1385	20	of	of	ADP
cblr-2952	1385	21	the	the	DET
cblr-2952	1385	22	sec	sec	PROPN
cblr-2952	1385	23	's	's	PART
cblr-2952	1385	24	current	current	ADJ
cblr-2952	1385	25	regulatory	regulatory	ADJ
cblr-2952	1385	26	scheme	scheme	NOUN
cblr-2952	1385	27	for	for	ADP
cblr-2952	1385	28	hedge	hedge	NOUN
cblr-2952	1385	29	funds	fund	NOUN
cblr-2952	1385	30	and	and	CCONJ
cblr-2952	1385	31	private	private	ADJ
cblr-2952	1385	32	equity	equity	NOUN
cblr-2952	1385	33	.	.	PUNCT
cblr-2952	1386	1	black	black	ADJ
cblr-2952	1386	2	market	market	NOUN
cblr-2952	1386	3	capital	capital	NOUN
cblr-2952	1386	4	also	also	ADV
cblr-2952	1386	5	exposes	expose	VERB
cblr-2952	1386	6	the	the	DET
cblr-2952	1386	7	dilemma	dilemma	NOUN
cblr-2952	1386	8	of	of	ADP
cblr-2952	1386	9	market	market	NOUN
cblr-2952	1386	10	regulators	regulator	NOUN
cblr-2952	1386	11	in	in	ADP
cblr-2952	1386	12	a	a	DET
cblr-2952	1386	13	time	time	NOUN
cblr-2952	1386	14	of	of	ADP
cblr-2952	1386	15	global	global	ADJ
cblr-2952	1386	16	capital	capital	NOUN
cblr-2952	1386	17	markets	market	NOUN
cblr-2952	1386	18	and	and	CCONJ
cblr-2952	1386	19	market	market	NOUN
cblr-2952	1386	20	proliferation	proliferation	NOUN
cblr-2952	1386	21	.	.	PUNCT
cblr-2952	1387	1	the	the	DET
cblr-2952	1387	2	simple	simple	ADJ
cblr-2952	1387	3	prohibition	prohibition	NOUN
cblr-2952	1387	4	or	or	CCONJ
cblr-2952	1387	5	confining	confine	VERB
cblr-2952	1387	6	regulation	regulation	NOUN
cblr-2952	1387	7	of	of	ADP
cblr-2952	1387	8	a	a	DET
cblr-2952	1387	9	financial	financial	ADJ
cblr-2952	1387	10	product	product	NOUN
cblr-2952	1387	11	is	be	AUX
cblr-2952	1387	12	no	no	ADV
cblr-2952	1387	13	longer	long	ADV
cblr-2952	1387	14	a	a	DET
cblr-2952	1387	15	panacea	panacea	NOUN
cblr-2952	1387	16	if	if	SCONJ
cblr-2952	1387	17	demand	demand	NOUN
cblr-2952	1387	18	for	for	ADP
cblr-2952	1387	19	the	the	DET
cblr-2952	1387	20	security	security	NOUN
cblr-2952	1387	21	continues	continue	VERB
cblr-2952	1387	22	.	.	PUNCT
cblr-2952	1388	1	in	in	ADP
cblr-2952	1388	2	such	such	DET
cblr-2952	1388	3	a	a	DET
cblr-2952	1388	4	paradigm	paradigm	NOUN
cblr-2952	1388	5	,	,	PUNCT
cblr-2952	1388	6	prohibitory	prohibitory	ADJ
cblr-2952	1388	7	or	or	CCONJ
cblr-2952	1388	8	restrictive	restrictive	ADJ
cblr-2952	1388	9	regulation	regulation	NOUN
cblr-2952	1388	10	of	of	ADP
cblr-2952	1388	11	this	this	DET
cblr-2952	1388	12	nature	nature	NOUN
cblr-2952	1388	13	will	will	AUX
cblr-2952	1388	14	simply	simply	ADV
cblr-2952	1388	15	cause	cause	VERB
cblr-2952	1388	16	trading	trading	NOUN
cblr-2952	1388	17	and	and	CCONJ
cblr-2952	1388	18	investing	invest	VERB
cblr-2952	1388	19	in	in	ADP
cblr-2952	1388	20	this	this	DET
cblr-2952	1388	21	security	security	NOUN
cblr-2952	1388	22	to	to	PART
cblr-2952	1388	23	migrate	migrate	VERB
cblr-2952	1388	24	to	to	ADP
cblr-2952	1388	25	foreign	foreign	ADJ
cblr-2952	1388	26	or	or	CCONJ
cblr-2952	1388	27	private	private	ADJ
cblr-2952	1388	28	markets	market	NOUN
cblr-2952	1388	29	.	.	PUNCT
cblr-2952	1389	1	alternatively	alternatively	ADV
cblr-2952	1389	2	,	,	PUNCT
cblr-2952	1389	3	creative	creative	ADJ
cblr-2952	1389	4	finance	finance	NOUN
cblr-2952	1389	5	professionals	professional	NOUN
cblr-2952	1389	6	will	will	AUX
cblr-2952	1389	7	attempt	attempt	VERB
cblr-2952	1389	8	to	to	PART
cblr-2952	1389	9	offer	offer	VERB
cblr-2952	1389	10	substitute	substitute	ADJ
cblr-2952	1389	11	financial	financial	ADJ
cblr-2952	1389	12	products	product	NOUN
cblr-2952	1389	13	which	which	PRON
cblr-2952	1389	14	mimic	mimic	VERB
cblr-2952	1389	15	the	the	DET
cblr-2952	1389	16	prohibited	prohibit	VERB
cblr-2952	1389	17	or	or	CCONJ
cblr-2952	1389	18	restricted	restricted	ADJ
cblr-2952	1389	19	investment	investment	NOUN
cblr-2952	1389	20	.	.	PUNCT
cblr-2952	1390	1	black	black	ADJ
cblr-2952	1390	2	market	market	NOUN
cblr-2952	1390	3	capital	capital	NOUN
cblr-2952	1390	4	thus	thus	ADV
cblr-2952	1390	5	teaches	teach	VERB
cblr-2952	1390	6	a	a	DET
cblr-2952	1390	7	lesson	lesson	NOUN
cblr-2952	1390	8	in	in	ADP
cblr-2952	1390	9	unintended	unintended	ADJ
cblr-2952	1390	10	regulatory	regulatory	ADJ
cblr-2952	1390	11	consequences	consequence	NOUN
cblr-2952	1390	12	beyond	beyond	ADP
cblr-2952	1390	13	the	the	DET
cblr-2952	1390	14	precautionary	precautionary	ADJ
cblr-2952	1390	15	principle	principle	NOUN
cblr-2952	1390	16	;	;	PUNCT
cblr-2952	1390	17	regulators	regulator	NOUN
cblr-2952	1390	18	must	must	AUX
cblr-2952	1390	19	account	account	VERB
cblr-2952	1390	20	for	for	ADP
cblr-2952	1390	21	market	market	NOUN
cblr-2952	1390	22	proliferation	proliferation	NOUN
cblr-2952	1390	23	and	and	CCONJ
cblr-2952	1390	24	investment	investment	NOUN
cblr-2952	1390	25	substitution	substitution	NOUN
cblr-2952	1390	26	in	in	ADP
cblr-2952	1390	27	their	their	PRON
cblr-2952	1390	28	rule	rule	NOUN
cblr-2952	1390	29	-	-	PUNCT
cblr-2952	1390	30	making	making	NOUN
cblr-2952	1390	31	and	and	CCONJ
cblr-2952	1390	32	assess	assess	VERB
cblr-2952	1390	33	these	these	DET
cblr-2952	1390	34	matters	matter	NOUN
cblr-2952	1390	35	in	in	ADP
cblr-2952	1390	36	their	their	PRON
cblr-2952	1390	37	regulatory	regulatory	ADJ
cblr-2952	1390	38	costibenefit	costibenefit	NOUN
cblr-2952	1390	39	analysis	analysis	NOUN
cblr-2952	1390	40	.	.	PUNCT
cblr-2952	1391	1	failure	failure	NOUN
cblr-2952	1391	2	to	to	PART
cblr-2952	1391	3	do	do	AUX
cblr-2952	1391	4	so	so	ADV
cblr-2952	1391	5	can	can	AUX
cblr-2952	1391	6	result	result	VERB
cblr-2952	1391	7	in	in	ADP
cblr-2952	1391	8	adverse	adverse	ADJ
cblr-2952	1391	9	distortion	distortion	NOUN
cblr-2952	1391	10	to	to	ADP
cblr-2952	1391	11	the	the	DET
cblr-2952	1391	12	capital	capital	NOUN
cblr-2952	1391	13	markets	market	NOUN
cblr-2952	1391	14	and	and	CCONJ
cblr-2952	1391	15	uneconomical	uneconomical	ADJ
cblr-2952	1391	16	results	result	NOUN
cblr-2952	1391	17	in	in	ADP
cblr-2952	1391	18	the	the	DET
cblr-2952	1391	19	u.s	u.s	PROPN
cblr-2952	1391	20	.	.	PROPN
cblr-2952	1391	21	economy	economy	NOUN
cblr-2952	1391	22	generally	generally	ADV
cblr-2952	1391	23	.	.	PUNCT
cblr-2952	1392	1	this	this	DET
cblr-2952	1392	2	failure	failure	NOUN
cblr-2952	1392	3	,	,	PUNCT
cblr-2952	1392	4	unfortunately	unfortunately	ADV
cblr-2952	1392	5	,	,	PUNCT
cblr-2952	1392	6	has	have	AUX
cblr-2952	1392	7	occurred	occur	VERB
cblr-2952	1392	8	in	in	ADP
cblr-2952	1392	9	the	the	DET
cblr-2952	1392	10	case	case	NOUN
cblr-2952	1392	11	of	of	ADP
cblr-2952	1392	12	hedge	hedge	NOUN
cblr-2952	1392	13	fund	fund	NOUN
cblr-2952	1392	14	and	and	CCONJ
cblr-2952	1392	15	private	private	ADJ
cblr-2952	1392	16	equity	equity	NOUN
cblr-2952	1392	17	regulation	regulation	NOUN
cblr-2952	1392	18	.	.	PUNCT
cblr-2952	1393	1	6	6	NUM
cblr-2952	1393	2	the	the	DET
cblr-2952	1393	3	per	per	X
cblr-2952	1393	4	se	se	X
cblr-2952	1393	5	effective	effective	ADJ
cblr-2952	1393	6	regulatory	regulatory	ADJ
cblr-2952	1393	7	prohibition	prohibition	NOUN
cblr-2952	1393	8	on	on	ADP
cblr-2952	1393	9	the	the	DET
cblr-2952	1393	10	public	public	ADJ
cblr-2952	1393	11	offer	offer	NOUN
cblr-2952	1393	12	and	and	CCONJ
cblr-2952	1393	13	listing	list	VERB
cblr-2952	1393	14	of	of	ADP
cblr-2952	1393	15	306	306	NUM
cblr-2952	1393	16	it	it	PRON
cblr-2952	1393	17	can	can	AUX
cblr-2952	1393	18	be	be	AUX
cblr-2952	1393	19	argued	argue	VERB
cblr-2952	1393	20	that	that	SCONJ
cblr-2952	1393	21	a	a	DET
cblr-2952	1393	22	similar	similar	ADJ
cblr-2952	1393	23	failure	failure	NOUN
cblr-2952	1393	24	is	be	AUX
cblr-2952	1393	25	occurring	occur	VERB
cblr-2952	1393	26	with	with	ADP
cblr-2952	1393	27	the	the	DET
cblr-2952	1393	28	sarbanes	sarbanes	PROPN
cblr-2952	1393	29	-	-	PUNCT
cblr-2952	1393	30	oxley	oxley	ADJ
cblr-2952	1393	31	act	act	NOUN
cblr-2952	1393	32	and	and	CCONJ
cblr-2952	1393	33	the	the	DET
cblr-2952	1393	34	subsequent	subsequent	ADJ
cblr-2952	1393	35	decline	decline	NOUN
cblr-2952	1393	36	of	of	ADP
cblr-2952	1393	37	u.s	u.s	PROPN
cblr-2952	1393	38	.	.	PROPN
cblr-2952	1393	39	listings	listing	NOUN
cblr-2952	1393	40	by	by	ADP
cblr-2952	1393	41	non	non	ADJ
cblr-2952	1393	42	-	-	ADJ
cblr-2952	1393	43	u.s	u.s	PROPN
cblr-2952	1393	44	.	.	PROPN
cblr-2952	1393	45	issuers	issuer	NOUN
cblr-2952	1393	46	and	and	CCONJ
cblr-2952	1393	47	increased	increase	VERB
cblr-2952	1393	48	going	go	VERB
cblr-2952	1393	49	-	-	PUNCT
cblr-2952	1393	50	private	private	ADJ
cblr-2952	1393	51	transactions	transaction	NOUN
cblr-2952	1393	52	some	some	PRON
cblr-2952	1393	53	assert	assert	VERB
cblr-2952	1393	54	it	it	PRON
cblr-2952	1393	55	has	have	AUX
cblr-2952	1393	56	produced	produce	VERB
cblr-2952	1393	57	.	.	PUNCT
cblr-2952	1394	1	see	see	VERB
cblr-2952	1394	2	joseph	joseph	PROPN
cblr-2952	1394	3	d.	d.	PROPN
cblr-2952	1394	4	piotroski	piotroski	PROPN
cblr-2952	1394	5	&	&	CCONJ
cblr-2952	1394	6	suraj	suraj	PROPN
cblr-2952	1394	7	srinivasan	srinivasan	PROPN
cblr-2952	1394	8	,	,	PUNCT
cblr-2952	1394	9	the	the	DET
cblr-2952	1394	10	sarbanes	sarbanes	PROPN
cblr-2952	1394	11	-	-	PUNCT
cblr-2952	1394	12	oxley	oxley	ADJ
cblr-2952	1394	13	act	act	NOUN
cblr-2952	1394	14	and	and	CCONJ
cblr-2952	1394	15	the	the	DET
cblr-2952	1394	16	flow	flow	NOUN
cblr-2952	1394	17	of	of	ADP
cblr-2952	1394	18	international	international	ADJ
cblr-2952	1394	19	listings	listing	NOUN
cblr-2952	1394	20	(	(	PUNCT
cblr-2952	1394	21	apr	apr	NOUN
cblr-2952	1394	22	.	.	PROPN
cblr-2952	1394	23	2007	2007	NUM
cblr-2952	1394	24	)	)	PUNCT
cblr-2952	1394	25	,	,	PUNCT
cblr-2952	1394	26	available	available	ADJ
cblr-2952	1394	27	at	at	ADP
cblr-2952	1394	28	http://ssrn.com/abstract=956987	http://ssrn.com/abstract=956987	PROPN
cblr-2952	1394	29	(	(	PUNCT
cblr-2952	1394	30	finding	find	VERB
cblr-2952	1394	31	strong	strong	ADJ
cblr-2952	1394	32	evidence	evidence	NOUN
cblr-2952	1394	33	that	that	SCONJ
cblr-2952	1394	34	u.s	u.s	PROPN
cblr-2952	1394	35	.	.	PROPN
cblr-2952	1394	36	stock	stock	NOUN
cblr-2952	1394	37	markets	market	NOUN
cblr-2952	1394	38	have	have	AUX
cblr-2952	1394	39	experienced	experience	VERB
cblr-2952	1394	40	a	a	DET
cblr-2952	1394	41	decrease	decrease	NOUN
cblr-2952	1394	42	in	in	ADP
cblr-2952	1394	43	frequency	frequency	NOUN
cblr-2952	1394	44	of	of	ADP
cblr-2952	1394	45	non	non	ADJ
cblr-2952	1394	46	-	-	ADJ
cblr-2952	1394	47	u.s	u.s	PROPN
cblr-2952	1394	48	.	.	PROPN
cblr-2952	1394	49	listings	listing	NOUN
cblr-2952	1394	50	post	post	ADJ
cblr-2952	1394	51	-	-	ADJ
cblr-2952	1394	52	sarbanes	sarbane	NOUN
cblr-2952	1394	53	-	-	PUNCT
cblr-2952	1394	54	oxley	oxley	NOUN
cblr-2952	1394	55	)	)	PUNCT
cblr-2952	1394	56	;	;	PUNCT
cblr-2952	1395	1	ehud	ehud	PROPN
cblr-2952	1395	2	kamar	kamar	PROPN
cblr-2952	1395	3	et	et	PROPN
cblr-2952	1395	4	al	al	PROPN
cblr-2952	1395	5	.	.	PROPN
cblr-2952	1395	6	,	,	PUNCT
cblr-2952	1395	7	going	go	VERB
cblr-2952	1395	8	-	-	PUNCT
cblr-2952	1395	9	private	private	ADJ
cblr-2952	1395	10	decisions	decision	NOUN
cblr-2952	1395	11	and	and	CCONJ
cblr-2952	1395	12	the	the	DET
cblr-2952	1395	13	sarbanes	sarbanes	PROPN
cblr-2952	1395	14	-	-	PUNCT
cblr-2952	1395	15	oxley	oxley	ADJ
cblr-2952	1395	16	act	act	NOUN
cblr-2952	1395	17	of	of	ADP
cblr-2952	1395	18	2002	2002	NUM
cblr-2952	1395	19	:	:	PUNCT
cblr-2952	1395	20	a	a	DET
cblr-2952	1395	21	cross	cross	ADJ
cblr-2952	1395	22	-	-	ADJ
cblr-2952	1395	23	country	country	ADJ
cblr-2952	1395	24	analysis	analysis	NOUN
cblr-2952	1395	25	(	(	PUNCT
cblr-2952	1395	26	apr	apr	NOUN
cblr-2952	1395	27	.	.	NOUN
cblr-2952	1395	28	2006	2006	NUM
cblr-2952	1395	29	)	)	PUNCT
cblr-2952	1395	30	,	,	PUNCT
cblr-2952	1395	31	available	available	ADJ
cblr-2952	1395	32	at	at	ADP
cblr-2952	1395	33	http://www.rand.org/pubs/working-papers/2006/	http://www.rand.org/pubs/working-papers/2006/	PROPN
cblr-2952	1395	34	randwr3001.pdf	randwr3001.pdf	NOUN
cblr-2952	1395	35	(	(	PUNCT
cblr-2952	1395	36	finding	find	VERB
cblr-2952	1395	37	an	an	DET
cblr-2952	1395	38	increase	increase	NOUN
cblr-2952	1395	39	in	in	ADP
cblr-2952	1395	40	going	go	VERB
cblr-2952	1395	41	-	-	PUNCT
cblr-2952	1395	42	private	private	ADJ
cblr-2952	1395	43	transactions	transaction	NOUN
cblr-2952	1395	44	by	by	ADP
cblr-2952	1395	45	small	small	ADJ
cblr-2952	1395	46	capitalized	capitalize	VERB
cblr-2952	1395	47	post	post	ADJ
cblr-2952	1395	48	-	-	ADJ
cblr-2952	1395	49	sarbanes	sarbane	NOUN
cblr-2952	1395	50	-	-	PUNCT
cblr-2952	1395	51	oxley	oxley	NOUN
cblr-2952	1395	52	)	)	PUNCT
cblr-2952	1395	53	.	.	PUNCT
cblr-2952	1396	1	[	[	X
cblr-2952	1396	2	vol	vol	NOUN
cblr-2952	1396	3	.	.	NOUN
cblr-2952	1396	4	2008	2008	NUM
cblr-2952	1396	5	black	black	ADJ
cblr-2952	1396	6	market	market	NOUN
cblr-2952	1396	7	capital	capital	NOUN
cblr-2952	1396	8	hedge	hedge	NOUN
cblr-2952	1396	9	funds	fund	NOUN
cblr-2952	1396	10	and	and	CCONJ
cblr-2952	1396	11	private	private	ADJ
cblr-2952	1396	12	equity	equity	NOUN
cblr-2952	1396	13	has	have	AUX
cblr-2952	1396	14	created	create	VERB
cblr-2952	1396	15	black	black	ADJ
cblr-2952	1396	16	market	market	NOUN
cblr-2952	1396	17	capital	capital	NOUN
cblr-2952	1396	18	.	.	PUNCT
cblr-2952	1397	1	this	this	DET
cblr-2952	1397	2	article	article	NOUN
cblr-2952	1397	3	has	have	AUX
cblr-2952	1397	4	documented	document	VERB
cblr-2952	1397	5	this	this	DET
cblr-2952	1397	6	effect	effect	NOUN
cblr-2952	1397	7	in	in	ADP
cblr-2952	1397	8	a	a	DET
cblr-2952	1397	9	number	number	NOUN
cblr-2952	1397	10	of	of	ADP
cblr-2952	1397	11	capital	capital	NOUN
cblr-2952	1397	12	market	market	NOUN
cblr-2952	1397	13	phenomenona	phenomenona	NOUN
cblr-2952	1397	14	,	,	PUNCT
cblr-2952	1397	15	including	include	VERB
cblr-2952	1397	16	fund	fund	NOUN
cblr-2952	1397	17	adviser	adviser	NOUN
cblr-2952	1397	18	initial	initial	ADJ
cblr-2952	1397	19	public	public	ADJ
cblr-2952	1397	20	offerings	offering	NOUN
cblr-2952	1397	21	,	,	PUNCT
cblr-2952	1397	22	special	special	ADJ
cblr-2952	1397	23	purpose	purpose	NOUN
cblr-2952	1397	24	acquisition	acquisition	NOUN
cblr-2952	1397	25	companies	company	NOUN
cblr-2952	1397	26	,	,	PUNCT
cblr-2952	1397	27	business	business	NOUN
cblr-2952	1397	28	development	development	NOUN
cblr-2952	1397	29	companies	company	NOUN
cblr-2952	1397	30	,	,	PUNCT
cblr-2952	1397	31	hedged	hedge	VERB
cblr-2952	1397	32	and	and	CCONJ
cblr-2952	1397	33	synthetic	synthetic	ADJ
cblr-2952	1397	34	mutual	mutual	ADJ
cblr-2952	1397	35	funds	fund	NOUN
cblr-2952	1397	36	,	,	PUNCT
cblr-2952	1397	37	and	and	CCONJ
cblr-2952	1397	38	specialized	specialized	ADJ
cblr-2952	1397	39	exchange	exchange	NOUN
cblr-2952	1397	40	traded	trade	VERB
cblr-2952	1397	41	funds	fund	NOUN
cblr-2952	1397	42	,	,	PUNCT
cblr-2952	1397	43	all	all	PRON
cblr-2952	1397	44	of	of	ADP
cblr-2952	1397	45	which	which	PRON
cblr-2952	1397	46	attempt	attempt	NOUN
cblr-2952	1397	47	to	to	PART
cblr-2952	1397	48	mimic	mimic	VERB
cblr-2952	1397	49	private	private	ADJ
cblr-2952	1397	50	equity	equity	NOUN
cblr-2952	1397	51	or	or	CCONJ
cblr-2952	1397	52	hedge	hedge	NOUN
cblr-2952	1397	53	fund	fund	NOUN
cblr-2952	1397	54	returns	return	NOUN
cblr-2952	1397	55	and	and	CCONJ
cblr-2952	1397	56	have	have	AUX
cblr-2952	1397	57	been	be	AUX
cblr-2952	1397	58	marketed	market	VERB
cblr-2952	1397	59	to	to	ADP
cblr-2952	1397	60	public	public	ADJ
cblr-2952	1397	61	investors	investor	NOUN
cblr-2952	1397	62	on	on	ADP
cblr-2952	1397	63	that	that	DET
cblr-2952	1397	64	basis	basis	NOUN
cblr-2952	1397	65	.	.	PUNCT
cblr-2952	1398	1	black	black	ADJ
cblr-2952	1398	2	market	market	NOUN
cblr-2952	1398	3	capital	capital	NOUN
cblr-2952	1398	4	has	have	AUX
cblr-2952	1398	5	not	not	PART
cblr-2952	1398	6	only	only	ADV
cblr-2952	1398	7	altered	alter	VERB
cblr-2952	1398	8	the	the	DET
cblr-2952	1398	9	structure	structure	NOUN
cblr-2952	1398	10	of	of	ADP
cblr-2952	1398	11	the	the	DET
cblr-2952	1398	12	u.s	u.s	PROPN
cblr-2952	1398	13	.	.	PROPN
cblr-2952	1398	14	capital	capital	NOUN
cblr-2952	1398	15	market	market	NOUN
cblr-2952	1398	16	but	but	CCONJ
cblr-2952	1398	17	has	have	AUX
cblr-2952	1398	18	shifted	shift	VERB
cblr-2952	1398	19	capital	capital	NOUN
cblr-2952	1398	20	flows	flow	NOUN
cblr-2952	1398	21	to	to	ADP
cblr-2952	1398	22	nonu.s	nonu.s	PROPN
cblr-2952	1398	23	.	.	PUNCT
cblr-2952	1399	1	markets	market	NOUN
cblr-2952	1399	2	and	and	CCONJ
cblr-2952	1399	3	engendered	engender	VERB
cblr-2952	1399	4	the	the	DET
cblr-2952	1399	5	creation	creation	NOUN
cblr-2952	1399	6	of	of	ADP
cblr-2952	1399	7	u.s.-based	u.s.-based	ADJ
cblr-2952	1399	8	private	private	ADJ
cblr-2952	1399	9	markets	market	NOUN
cblr-2952	1399	10	such	such	ADJ
cblr-2952	1399	11	as	as	ADP
cblr-2952	1399	12	portal	portal	ADJ
cblr-2952	1399	13	alliance	alliance	NOUN
cblr-2952	1399	14	.	.	PUNCT
cblr-2952	1400	1	black	black	ADJ
cblr-2952	1400	2	market	market	NOUN
cblr-2952	1400	3	capital	capital	NOUN
cblr-2952	1400	4	reveals	reveal	VERB
cblr-2952	1400	5	irrational	irrational	ADJ
cblr-2952	1400	6	distinctions	distinction	NOUN
cblr-2952	1400	7	in	in	ADP
cblr-2952	1400	8	the	the	DET
cblr-2952	1400	9	u.s	u.s	PROPN
cblr-2952	1400	10	.	.	PROPN
cblr-2952	1400	11	securities	security	NOUN
cblr-2952	1400	12	markets	market	NOUN
cblr-2952	1400	13	;	;	PUNCT
cblr-2952	1400	14	less	less	ADV
cblr-2952	1400	15	-	-	PUNCT
cblr-2952	1400	16	suitable	suitable	ADJ
cblr-2952	1400	17	hedge	hedge	NOUN
cblr-2952	1400	18	fund	fund	NOUN
cblr-2952	1400	19	and	and	CCONJ
cblr-2952	1400	20	private	private	ADJ
cblr-2952	1400	21	equity	equity	NOUN
cblr-2952	1400	22	derivative	derivative	ADJ
cblr-2952	1400	23	investments	investment	NOUN
cblr-2952	1400	24	are	be	AUX
cblr-2952	1400	25	regulatorily	regulatorily	ADV
cblr-2952	1400	26	permitted	permit	VERB
cblr-2952	1400	27	,	,	PUNCT
cblr-2952	1400	28	but	but	CCONJ
cblr-2952	1400	29	direct	direct	ADJ
cblr-2952	1400	30	investment	investment	NOUN
cblr-2952	1400	31	in	in	ADP
cblr-2952	1400	32	underlying	underlie	VERB
cblr-2952	1400	33	hedge	hedge	NOUN
cblr-2952	1400	34	funds	fund	NOUN
cblr-2952	1400	35	and	and	CCONJ
cblr-2952	1400	36	private	private	ADJ
cblr-2952	1400	37	equity	equity	NOUN
cblr-2952	1400	38	is	be	AUX
cblr-2952	1400	39	prohibited	prohibit	VERB
cblr-2952	1400	40	.	.	PUNCT
cblr-2952	1401	1	black	black	ADJ
cblr-2952	1401	2	market	market	NOUN
cblr-2952	1401	3	capital	capital	NOUN
cblr-2952	1401	4	also	also	ADV
cblr-2952	1401	5	has	have	VERB
cblr-2952	1401	6	arguably	arguably	ADV
cblr-2952	1401	7	adverse	adverse	ADJ
cblr-2952	1401	8	effects	effect	NOUN
cblr-2952	1401	9	and	and	CCONJ
cblr-2952	1401	10	imposes	impose	VERB
cblr-2952	1401	11	its	its	PRON
cblr-2952	1401	12	own	own	ADJ
cblr-2952	1401	13	costs	cost	NOUN
cblr-2952	1401	14	upon	upon	SCONJ
cblr-2952	1401	15	the	the	DET
cblr-2952	1401	16	u.s	u.s	PROPN
cblr-2952	1401	17	.	.	PROPN
cblr-2952	1401	18	capital	capital	NOUN
cblr-2952	1401	19	market	market	NOUN
cblr-2952	1401	20	.	.	PUNCT
cblr-2952	1402	1	it	it	PRON
cblr-2952	1402	2	encourages	encourage	VERB
cblr-2952	1402	3	potentially	potentially	ADV
cblr-2952	1402	4	suboptimal	suboptimal	ADJ
cblr-2952	1402	5	and	and	CCONJ
cblr-2952	1402	6	uneconomic	uneconomic	ADJ
cblr-2952	1402	7	investing	investing	NOUN
cblr-2952	1402	8	,	,	PUNCT
cblr-2952	1402	9	engenders	engender	NOUN
cblr-2952	1402	10	increased	increase	VERB
cblr-2952	1402	11	risk	risk	NOUN
cblr-2952	1402	12	on	on	ADP
cblr-2952	1402	13	an	an	DET
cblr-2952	1402	14	individualized	individualized	ADJ
cblr-2952	1402	15	basis	basis	NOUN
cblr-2952	1402	16	,	,	PUNCT
cblr-2952	1402	17	and	and	CCONJ
cblr-2952	1402	18	results	result	NOUN
cblr-2952	1402	19	in	in	ADP
cblr-2952	1402	20	economic	economic	ADJ
cblr-2952	1402	21	loss	loss	NOUN
cblr-2952	1402	22	to	to	ADP
cblr-2952	1402	23	the	the	DET
cblr-2952	1402	24	u.s	u.s	PROPN
cblr-2952	1402	25	.	.	PROPN
cblr-2952	1402	26	capital	capital	NOUN
cblr-2952	1402	27	market	market	NOUN
cblr-2952	1402	28	as	as	SCONJ
cblr-2952	1402	29	capital	capital	NOUN
cblr-2952	1402	30	flows	flow	NOUN
cblr-2952	1402	31	are	be	AUX
cblr-2952	1402	32	reduced	reduce	VERB
cblr-2952	1402	33	and	and	CCONJ
cblr-2952	1402	34	shifted	shift	VERB
cblr-2952	1402	35	abroad	abroad	ADV
cblr-2952	1402	36	.	.	PUNCT
cblr-2952	1403	1	the	the	DET
cblr-2952	1403	2	sec	sec	PROPN
cblr-2952	1403	3	should	should	AUX
cblr-2952	1403	4	accordingly	accordingly	ADV
cblr-2952	1403	5	reassess	reassess	VERB
cblr-2952	1403	6	its	its	PRON
cblr-2952	1403	7	refusal	refusal	NOUN
cblr-2952	1403	8	to	to	PART
cblr-2952	1403	9	countenance	countenance	VERB
cblr-2952	1403	10	public	public	ADJ
cblr-2952	1403	11	investment	investment	NOUN
cblr-2952	1403	12	in	in	ADP
cblr-2952	1403	13	hedge	hedge	NOUN
cblr-2952	1403	14	funds	fund	NOUN
cblr-2952	1403	15	and	and	CCONJ
cblr-2952	1403	16	private	private	ADJ
cblr-2952	1403	17	equity	equity	NOUN
cblr-2952	1403	18	,	,	PUNCT
cblr-2952	1403	19	and	and	CCONJ
cblr-2952	1403	20	begin	begin	VERB
cblr-2952	1403	21	the	the	DET
cblr-2952	1403	22	hard	hard	ADJ
cblr-2952	1403	23	work	work	NOUN
cblr-2952	1403	24	of	of	ADP
cblr-2952	1403	25	analytically	analytically	ADV
cblr-2952	1403	26	assessing	assess	VERB
cblr-2952	1403	27	the	the	DET
cblr-2952	1403	28	perceived	perceive	VERB
cblr-2952	1403	29	social	social	ADJ
cblr-2952	1403	30	benefits	benefit	NOUN
cblr-2952	1403	31	of	of	ADP
cblr-2952	1403	32	,	,	PUNCT
cblr-2952	1403	33	and	and	CCONJ
cblr-2952	1403	34	objections	objection	NOUN
cblr-2952	1403	35	to	to	ADP
cblr-2952	1403	36	,	,	PUNCT
cblr-2952	1403	37	public	public	ADJ
cblr-2952	1403	38	investing	investing	NOUN
cblr-2952	1403	39	in	in	ADP
cblr-2952	1403	40	hedge	hedge	NOUN
cblr-2952	1403	41	funds	fund	NOUN
cblr-2952	1403	42	and	and	CCONJ
cblr-2952	1403	43	private	private	ADJ
cblr-2952	1403	44	equity	equity	NOUN
cblr-2952	1403	45	.	.	PUNCT
cblr-2952	1404	1	in	in	ADP
cblr-2952	1404	2	this	this	DET
cblr-2952	1404	3	article	article	NOUN
cblr-2952	1404	4	i	i	PRON
cblr-2952	1404	5	have	have	AUX
cblr-2952	1404	6	set	set	VERB
cblr-2952	1404	7	forth	forth	ADP
cblr-2952	1404	8	the	the	DET
cblr-2952	1404	9	beginnings	beginning	NOUN
cblr-2952	1404	10	and	and	CCONJ
cblr-2952	1404	11	structure	structure	NOUN
cblr-2952	1404	12	of	of	ADP
cblr-2952	1404	13	such	such	DET
cblr-2952	1404	14	an	an	DET
cblr-2952	1404	15	analysis	analysis	NOUN
cblr-2952	1404	16	.	.	PUNCT
cblr-2952	1405	1	based	base	VERB
cblr-2952	1405	2	on	on	ADP
cblr-2952	1405	3	these	these	DET
cblr-2952	1405	4	preliminary	preliminary	ADJ
cblr-2952	1405	5	observations	observation	NOUN
cblr-2952	1405	6	,	,	PUNCT
cblr-2952	1405	7	i	i	PRON
cblr-2952	1405	8	believe	believe	VERB
cblr-2952	1405	9	that	that	SCONJ
cblr-2952	1405	10	if	if	SCONJ
cblr-2952	1405	11	the	the	DET
cblr-2952	1405	12	sec	sec	PROPN
cblr-2952	1405	13	undertakes	undertake	VERB
cblr-2952	1405	14	a	a	DET
cblr-2952	1405	15	similar	similar	ADJ
cblr-2952	1405	16	project	project	NOUN
cblr-2952	1405	17	it	it	PRON
cblr-2952	1405	18	will	will	AUX
cblr-2952	1405	19	conclude	conclude	VERB
cblr-2952	1405	20	that	that	SCONJ
cblr-2952	1405	21	the	the	DET
cblr-2952	1405	22	optimal	optimal	ADJ
cblr-2952	1405	23	solution	solution	NOUN
cblr-2952	1405	24	is	be	AUX
cblr-2952	1405	25	to	to	PART
cblr-2952	1405	26	eliminate	eliminate	VERB
cblr-2952	1405	27	black	black	ADJ
cblr-2952	1405	28	market	market	NOUN
cblr-2952	1405	29	capital	capital	NOUN
cblr-2952	1405	30	and	and	CCONJ
cblr-2952	1405	31	restore	restore	VERB
cblr-2952	1405	32	market	market	NOUN
cblr-2952	1405	33	equilibrium	equilibrium	NOUN
cblr-2952	1405	34	by	by	ADP
cblr-2952	1405	35	permitting	permit	VERB
cblr-2952	1405	36	the	the	DET
cblr-2952	1405	37	free	free	ADJ
cblr-2952	1405	38	public	public	ADJ
cblr-2952	1405	39	offering	offering	NOUN
cblr-2952	1405	40	of	of	ADP
cblr-2952	1405	41	and	and	CCONJ
cblr-2952	1405	42	investment	investment	NOUN
cblr-2952	1405	43	in	in	ADP
cblr-2952	1405	44	hedge	hedge	NOUN
cblr-2952	1405	45	funds	fund	NOUN
cblr-2952	1405	46	and	and	CCONJ
cblr-2952	1405	47	private	private	ADJ
cblr-2952	1405	48	equity	equity	NOUN
cblr-2952	1405	49	as	as	ADP
cblr-2952	1405	50	part	part	NOUN
cblr-2952	1405	51	of	of	ADP
cblr-2952	1405	52	a	a	DET
cblr-2952	1405	53	recommended	recommend	VERB
cblr-2952	1405	54	diversified	diversified	ADJ
cblr-2952	1405	55	investment	investment	NOUN
cblr-2952	1405	56	portfolio	portfolio	NOUN
cblr-2952	1405	57	.	.	PUNCT
cblr-2952	1406	1	"7	"7	INTJ
cblr-2952	1406	2	the	the	DET
cblr-2952	1406	3	benefits	benefit	NOUN
cblr-2952	1406	4	of	of	ADP
cblr-2952	1406	5	such	such	DET
cblr-2952	1406	6	a	a	DET
cblr-2952	1406	7	system	system	NOUN
cblr-2952	1406	8	appear	appear	VERB
cblr-2952	1406	9	substantial	substantial	ADJ
cblr-2952	1406	10	and	and	CCONJ
cblr-2952	1406	11	superior	superior	ADJ
cblr-2952	1406	12	to	to	ADP
cblr-2952	1406	13	the	the	DET
cblr-2952	1406	14	current	current	ADJ
cblr-2952	1406	15	regime	regime	NOUN
cblr-2952	1406	16	.	.	PUNCT
cblr-2952	1407	1	307	307	NUM
cblr-2952	1407	2	political	political	ADJ
cblr-2952	1407	3	and	and	CCONJ
cblr-2952	1407	4	other	other	ADJ
cblr-2952	1407	5	considerations	consideration	NOUN
cblr-2952	1407	6	,	,	PUNCT
cblr-2952	1407	7	though	though	ADV
cblr-2952	1407	8	,	,	PUNCT
cblr-2952	1407	9	may	may	AUX
cblr-2952	1407	10	prevent	prevent	VERB
cblr-2952	1407	11	adoption	adoption	NOUN
cblr-2952	1407	12	of	of	ADP
cblr-2952	1407	13	such	such	DET
cblr-2952	1407	14	a	a	DET
cblr-2952	1407	15	socially	socially	ADV
cblr-2952	1407	16	optimal	optimal	ADJ
cblr-2952	1407	17	system	system	NOUN
cblr-2952	1407	18	.	.	PUNCT
cblr-2952	1408	1	see	see	VERB
cblr-2952	1408	2	mark	mark	PROPN
cblr-2952	1408	3	j.	j.	PROPN
cblr-2952	1408	4	roe	roe	PROPN
cblr-2952	1408	5	,	,	PUNCT
cblr-2952	1408	6	political	political	ADJ
cblr-2952	1408	7	elements	element	NOUN
cblr-2952	1408	8	in	in	ADP
cblr-2952	1408	9	the	the	DET
cblr-2952	1408	10	creation	creation	NOUN
cblr-2952	1408	11	of	of	ADP
cblr-2952	1408	12	a	a	DET
cblr-2952	1408	13	mutual	mutual	ADJ
cblr-2952	1408	14	fund	fund	NOUN
cblr-2952	1408	15	industry	industry	NOUN
cblr-2952	1408	16	,	,	PUNCT
cblr-2952	1408	17	139	139	NUM
cblr-2952	1408	18	u.	u.	PROPN
cblr-2952	1408	19	pa	pa	PROPN
cblr-2952	1408	20	.	.	PUNCT
cblr-2952	1408	21	l.	l.	PROPN
cblr-2952	1408	22	rev	rev	PROPN
cblr-2952	1408	23	.	.	PROPN
cblr-2952	1408	24	1469	1469	NUM
cblr-2952	1408	25	(	(	PUNCT
cblr-2952	1408	26	1991	1991	NUM
cblr-2952	1408	27	)	)	PUNCT
cblr-2952	1408	28	.	.	PUNCT
cblr-2952	1409	1	no	no	INTJ
cblr-2952	1409	2	.	.	PUNCT
cblr-2952	1410	1	1:172	1:172	NUM
cblr-2952	1410	2	]	]	SYM
cblr-2952	1410	3	268	268	NUM
cblr-2952	1410	4	columbia	columbia	PROPN
cblr-2952	1410	5	b	b	PROPN
cblr-2952	1410	6	usiness	usiness	PROPN
cblr-2952	1410	7	law	law	PROPN
cblr-2952	1410	8	re	re	PROPN
cblr-2952	1410	9	vie	vie	PROPN
cblr-2952	1410	10	w	w	PROPN
cblr-2952	1411	1	[	[	X
cblr-2952	1411	2	vol	vol	NOUN
cblr-2952	1411	3	.	.	NOUN
cblr-2952	1411	4	2008	2008	NUM
cblr-2952	1411	5	until	until	ADP
cblr-2952	1411	6	then	then	ADV
cblr-2952	1411	7	,	,	PUNCT
cblr-2952	1411	8	black	black	ADJ
cblr-2952	1411	9	market	market	NOUN
cblr-2952	1411	10	capital	capital	NOUN
cblr-2952	1411	11	and	and	CCONJ
cblr-2952	1411	12	its	its	PRON
cblr-2952	1411	13	potentially	potentially	ADV
cblr-2952	1411	14	adverse	adverse	ADJ
cblr-2952	1411	15	effects	effect	NOUN
cblr-2952	1411	16	and	and	CCONJ
cblr-2952	1411	17	unrecognized	unrecognized	ADJ
cblr-2952	1411	18	costs	cost	NOUN
cblr-2952	1411	19	will	will	AUX
cblr-2952	1411	20	continue	continue	VERB
cblr-2952	1411	21	to	to	PART
cblr-2952	1411	22	persist	persist	VERB
cblr-2952	1411	23	in	in	ADP
cblr-2952	1411	24	the	the	DET
cblr-2952	1411	25	u.s	u.s	PROPN
cblr-2952	1411	26	.	.	PROPN
cblr-2952	1411	27	capital	capital	NOUN
cblr-2952	1411	28	market	market	NOUN
cblr-2952	1411	29	.	.	PUNCT
cblr-2952	1412	1	while	while	SCONJ
cblr-2952	1412	2	i	i	PRON
cblr-2952	1412	3	may	may	AUX
cblr-2952	1412	4	ultimately	ultimately	ADV
cblr-2952	1412	5	prove	prove	VERB
cblr-2952	1412	6	incorrect	incorrect	ADJ
cblr-2952	1412	7	upon	upon	SCONJ
cblr-2952	1412	8	further	further	ADJ
cblr-2952	1412	9	study	study	NOUN
cblr-2952	1412	10	,	,	PUNCT
cblr-2952	1412	11	the	the	DET
cblr-2952	1412	12	sec	sec	PROPN
cblr-2952	1412	13	has	have	VERB
cblr-2952	1412	14	yet	yet	ADV
cblr-2952	1412	15	to	to	PART
cblr-2952	1412	16	even	even	ADV
cblr-2952	1412	17	begin	begin	VERB
cblr-2952	1412	18	the	the	DET
cblr-2952	1412	19	analysis	analysis	NOUN
cblr-2952	1412	20	to	to	PART
cblr-2952	1412	21	make	make	VERB
cblr-2952	1412	22	such	such	DET
cblr-2952	1412	23	a	a	DET
cblr-2952	1412	24	judgment	judgment	NOUN
cblr-2952	1412	25	.	.	PUNCT