No. If you are familiar with LPAs (limited partnership agreements) some have severe restrictions on what types of investments they can make. Moreover, a lot wo

No. If you are familiar with LPAs (limited partnership agreements) some have severe restrictions on what types of investments they can make. Moreover, a lot work on committed capital, and have to therefore make capital calls to LPs that are not exactly the easiest at this time of overvalued holdings. I can imagine how that conversation would pan out: "Hello, Mr PIMCO Manager. Hi, we need 80% of your committed capital in less than 2 hours in order to bail out a failing bank in which we are not a shareholder or board member. Oh yes, I don't know how much we need, but its, like, a lot. Unfortunately, we don't have any collateral on this if FDIC takes over, but I'm working on it! Oh yea, about those mark-to-market positions, can we talk about that later please? Can we count on your capital? "