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The Tail Hedge: A Strategy for Keeping Investors in the Strategy
A universe that has about $20 billion of assets under management. They have 21 employees, so you have a billion dollars of AUM for every one employee. This obviously become a very, very popular strategy if you just look at the AUM. I think people are starting to figure out it's effective. There's a lot more funds out there. It's got 20 billion. Maybe people really freaked out after 2020, the pandemic. As globalization expands, as connectivity expands,. One of the driving forces of COVID was airplanes.