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I did it in 2000, 2002. It was just a struggle from day one, particularly in the regulatory environment that is the securities business between lawyers and compliance people. 01:04:39 [Speaker Changed] I think it was the Journal of PortfolioManagement. It’s, it’s a temporary move. That’s exactly right.
She was a partner and a portfoliomanager at Canyon Capital, a firm that runs currently about $25 billion. You have a lot — RITHOLTZ: The emerging manager category? The survival rate of an emerging manager is low. She is an author and former hedge fund trader, specializing in distressed assets. MIELLE: Exactly.
So according to Yardini Research, there was $200 billion of buybacks in quarter two, 2002 for S&P stocks. Senator Dan Sullivan of Alaska proposed that portfoliomanagers or portfoliomanagement companies are not allowed, should not be allowed to vote proxies of index funds.
I graduated Columbia 2002, and I’m the only person I know who stayed in the same job for the last 23 00:08:35 [Speaker Changed] Years. Because these regulated banks had to hire all these legal and compliance and expert folks to make sure we weren’t doing anything bad, right? But it’s, it’s sort of strange.
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