I wouldn't say that I have faith in hedge funds per se, but...

I wouldn't say that I have faith in hedge funds per se, but I have reasonable faith in our ability to discriminately select high-quality partners, ... You're seeing a lot of hedge fund problems now because there's such mindless enthusiasm on the part of the public. A lot of the entrants are low-quality, and you've got a lot of people crashing around doing dumb things.