Attended a nice cap-intro event sponsored by Jefferies last night. In attendance were a number of hedge funds and investors that are members of Hedge Connection. Always good to put a face to a name. The event was well done and the Jefferies team was helpful in introducing investors and hedge funds where it made sense. Overall tone from investors was that of caution. Investors are looking for managers that have significant capital in their funds so that they can weather the next year. Those with staying power will be in a strong position to succeed. On the hedge fund side, met a number of start-up funds that are trying to get out of the gate and a few that are trying to navigate the current volatility. Funds are clear on the obstacles but maintain optimism.