Mr. Pat Lardner:

It is probably 1% of assets. An investment fund does not provide any call on the State. There is no call on the State's resources and the balance sheet. It is a relationship between an investor that provides risk capital to an investment fund and its manufacturer to generate an outcome, whether that be income, capital or some combination. It is in no way the case that the growth of the fund sector in this country creates risks of a specific or systemic nature for our actual jurisdiction.