Hello C.F.,

Thank you for your excellent description of key success factors. Not surprisingly, for the fund that I managed we met each of the criteria above, except that we were not closed to new investors because the amount of the fund's AUM was less than US$1 billion in 2005 monies. In fact, it was discussion of these factors that led to Tom and I connecting several years ago. We found that there was overlap in terms of process. Later, Tom's research confirmed what we knew.

With smiles,

Jason