Todd G. Everts: Well, times are tougher and it could get a lot worse. In the mutual fund industry where the traditional long only asset management industry when investor makes a decision to fire a manager or re-allocate their capital to a different manager they can do it at virtually anytime. In the hedge fund industry many times there’s a lock0in period of 2 years, sometimes 1 year, 90 days notice and then 6 months later you get your capital back. So what’s still happening in the hedge fund industry we’re gonna continue to see some failures is investors that put in redemption when the Bear Stearns credit crisis event started to happen last..a year ago..summer of 2007, those redemptions are actually happening today. And investors that are pulling money back today will see those effects in the 1st quarter of 2009. So the fact that the hedge fund manager doesn’t have access to capital has to manage their existing investor’s expectations may not have new capital coming in puts a lot of pressure on those managers and that’s the environment that we’re in. The managers that have the cash and have done well can find extraordinary opportunities to reward their investors with great returns.

Host: Alright Todd hold that thought we’ll come back and talk more in just a bit.