Equity Long Shorts Are Like Tankers in the Water

Hetch fonds were up 80 to 90 %, and inequities were flat. The drivers overtime on the equity long short side have really always been these big factor rotations. We're not using 13 f filings. Ah, that doesn't work very well. And so it's like youre taking an aerial photograph of a tanker in the waterand the kind of things that we're looking for is, how fast is the tanker going? Is it a turning north or south? It was the loss decade for equities. So that was really what put hetch ones on the map.