What's your take on this?

The team is full employment in terms of incoming from investors.

And so I think hedge funds have definitely been going through a resurgence.

Probably, to be fair, for the last 24 months.

But as you say, the $64 million question is, what do those investors feel about the go forward? And interestingly, I was with three very large institutional investors just yesterday, and we discussed the same question.

And their answer is their hedge fund books overall, and that's across all strategies, have done very well this year, despite some of the drawdowns that we've talked about during this year.

Now, one needs to keep in mind that institutional investors typically look at investments, even in public market hedge funds, over a multi-year period.

What are the areas in particular that you see allocators looking to deploy more capital