Investing in Emerging Markets?

I think you can go far out on the risk curve and get commensurate upside in frontier markets. You don't need to get 20, 50 times your money but if you make five times your money every couple of years it's good enough. And so the risk reward equation is just better in these more developed markets. I closed down the hedge fund to focus on Mongolia. As the economy went to hell in Mongolia, I just needed the full focus to salvage the investment. So this is just my personal money. We still have a great team and they're doing amazing work under impossible circumstances.