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The Importance of Emerging Managers in Hedge Funds
In 2002, the bucket of the largest hedge funds was those north of $1 billion. And then I started reaching out to some of the managers I knew from my time at Yale. One of them said to me, we're closed. We have a wait list. But all of a sudden, people have said,. why don't you start a wait list? We're at a capacity. and that's that.