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Transcript: Ted Seides

The Big Picture

To give you a fun story, we launched Protégé Partners in 2002. And in 2002, the bucket of the largest hedge funds was those north of $1 billion. SEIDES: Before 2002, there were no capacity issues with whoever you thought the best hedge funds were. SEIDES: Yeah, I wouldn’t measure it in terms of economic returns.

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Transcript: Rick Rieder

The Big Picture

And then in ‘94 and ’98, you know, all had a different stream to 2002. RIEDER: And all of a sudden, you change the economic paradigm so darn fast. RIEDER: It’s funny you said that because, listen, I think we’ve gotten to the place where there actually is too much communication. RIEDER: Yeah. RITHOLTZ: Right.

Economy 143