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Relationships Matter a Great Deal in the Public Markets
In the hedge fund seeding space, it's all the same thing, right? Where most of em fail, and one can cover all the lossese. They rigt to fail for the cedars. But in terms of generating returns a the role of relationships is just far lowertn than everything you're talking about. I think anybody who's 's thinking about going down that path should just asks themselves, what are they trying to get out of it? And why do they want to get into it?