Hedge Funds

Before the financial crisis there's a lot of alpha generators in hedge fund industry. Then post financial crisis it became very hard to generate alpha and there was a huge gap between the big winners and the losers. Are you attributing that to zero interest rate and quantitative easing or did things just change so much people didn't adapt quickly enough? Well there were two things I mean my strategies were always in the space of relative value across asset classes so there there was all red yes there wasAlways some volatility to pick up and so the strategies kept working but by and large in the overall industry if you look at the onshore equity there was very little you know within asset class volatility to picked up.