Maybe I just don't get it but did Bass bet $577 million of the fund's $739 million in assets on a put position on the SPDR 500 ETF?
Please somebody set me straight. He could have some horrific performance the 4th qtr if the market doesn't collapse in the next three weeks.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
-------
Form 13F Information Table Entry Total: 12
-------
Form 13F Information Table Value Total: 739,190 (thousands)
-------
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
<PAGE>
<TABLE>
<CAPTION>
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
------------------------------------------------------------------------------------------------------------------------------------
TITLE OF VALUE SHRS OR INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER CLASS CUSIP (X1000) PRN AMT SH/PRN PUT/CALL DISCRETION MANAGERS SOLE SHARED NONE
------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
API TECHNOLOGIES CORP COM 00187E203 6,904 1,747,938 SH Sole 1,747,938
DEUTSCHE BANK AG-REGISTERED NAMEN AKT D18190898 44,560 1,287,500 SH PUT Sole 1,287,500
EARTHLINK INC COM 270321102 5,329 816,100 SH Sole 816,100
GOLAR LNG PARTNERS LP COM UNIT LPI Y2745C102 20,363 796,348 SH Sole 796,348
IMATION CORP COM 45245A107 7,642 1,045,413 SH Sole 1,045,413
MCMORAN EXPLORATION CO COM 582411104 12,909 1,300,000 SH Sole 1,300,000
MCMORAN EXPLORATION CO COM 582411104 30,783 3,100,000 SH CALL Sole 3,100,000
SPDR S&P 500 ETF TRUST TR UNIT 78462F103 577,065 5,100,000 SH PUT Sole 5,100,000
SEAHAWK DRILLING INC COM 81201R107 625 250,000 SH Sole 250,000
SIX FLAGS ENTERTAINMENT CORP COM 83001A102 16,599 598,802 SH Sole 598,802
TESSERA TECHNOLOGIES INC COM 88164L100 2,253 188,700 SH Sole 188,700
YAHOO! INC COM 984332106 14,158 1,075,000 SH CALL Sole 1,075,000
</TABLE>
