These securities are being offered pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission, and a preliminary prospectus supplement and accompanying prospectus describing the terms of the offering have been filed with the Securities and Exchange Commission.
As a result of these two concerns, I am requesting that you require an extended three month period of review before the registration becomes effective and that you decline any request to accelerate the effective date.
The new registration requirements applicable to private advisers, including hedge fund and private equity fund advisers, do not become effective until March 30, 2012.