Okay? The market kept performing. So, he was underwater for roughly 2 years, and he had to pay $100 million in premiums. So, this is a very good lesson in the market can stay irrational longer than maybe you can stay solvent. Luckily for him, by the end of 2006, he was down, you know, 17, 18% plus he had to pay premiums, and the broader market was up 10%. So, the fund had been up positive hundreds of percent since inception cumulatively, and by the end of 2006, the fund was actually down 17%. While the rest of the market rallied, and all along he had to pay these ongoing premiums totaling up to $100 million.
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