Subject: The Hedge-Fund Manager Dilemma
From: "William Lee" <[email-masked]>
To: "John DeLoche" <[email-masked]>, "Neil Callahan" <[email-masked]>, "Devon Archer" <[email-masked]>, "Hunter Biden" <[email-masked]>, "Eric Schwerin" <[email-masked]>, "Rob Walker" <[email-masked]>
Date: Thu, 17 Apr 2014 17:34:05 -0700

As a LP who got lots of exposure to hedge funds, this is so true.  This is why institutional investors like RSTP.  Once Goldman and NB are in our fund, everyone else should be fighting to get in because it is difficult to get into early days of a top notch fund.

http://www.bloombergview.com/articles/2014-04-17/the-hedge-fund-manager-dilemma

I especially like the following comment:

"I agree with everything in this article and would endorse it about equally for private equity and tenfold for venture capital."

William Lee, Managing Director
Rosemont Seneca Technology Partners (RSTP)
333 Bush Street, 21st Floor
San Francisco, California 94104
Office: 415.767.1289
Mobile: 617.407.5958
www.rstp.com

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