Hi James,

Thank you for your comment. I think you are right. I have had many conversations over recent years with investment managers who are starting to open themselves up to the idea that they need to begin taking advantage of computing in their investment process. In my experience, the primary hangup has been that they see it as anti-human, rather than pro-human. That is, it shakes 'em up at an existential level. A lack of performance, and pressure on fees seem immutable laws at this juncture and putting them to consider new things.

With smiles,

Jason