Thanks. That is very useful. I come from the other side i.e. looking at funds so it is great to get an idea from the inside. I can only add that I have seen th

Thanks. That is very useful. I come from the other side i.e. looking at funds so it is great to get an idea from the inside. I can only add that I have seen the same thing with prestige outside hedge funds. A fun example is Andreessen Horowitz: no-one feels stupid underperforming with these guys, I mean look at Marc's head...he has to be a genius, right? Lul.