11. And early in the sale process when prospective bidders inquired about the limited partnership stakes, they were told they were not going to be included in the sale. 12. And that became an incentive to recommend investments, like limited partnerships, that paid them more but also carried higher risks. 13. And this one included not just the limited partnerships, but also three REITs, including Retail Property Investors. 14. As for other options, one media investment banker, who requested anonymity, suggested that the company could form a limited partnership with Tele-Communications. 15. At Cantor, he is the general managing partner of a private limited partnership, which does not disclose compensation for any of its partners, including Lutnick. 16. Because fixed-income investments are viewed as the main competition, analysts cite rising interest rates as the biggest threat to the performance of master limited partnerships. 17. Before going to TCI, Hindery founded various limited partnerships, collectively known as Intermedia Partners, to invest in cable systems. 18. Benton provided all or most of the drilling prospects to the general partners for the limited partnerships, and it drilled and operated some wells. 19. Both companies are limited partnerships with units that are publicly traded. 20. Both Kinder Morgan and Santa Fe are limited partnerships, and their partnership units are traded on the New York Stock Exchange. |