Jimmy Levin: Sure. I’d say, we’re always doing some of both and we’ve been talking about this for years on this topic. There’s almost no limit to how much balance sheet one would want to build. I’d say, more is more. That said, as we were building that, we said, when things come up we’re going to want to spend what we’ve built, if we think the returns pay off. The first material opportunities for that came up both during the year 2022. One was to support a lot of those growth initiatives we talked about in the first half of the year that were assisted by the use of our balance sheet, and secondarily on a buyback when the market gave us the opportunity in terms of the price action you described. So it’s an imperfect answer, but we’re going to keep doing both, keep building and keep every day evaluating what those uses are, and if the uses are better than the build then by airway. And that I think 2022 should give you some good insight into that risk/reward analysis.
Bill Katz: Okay. And just maybe one last one. Thanks for the taking the questions. Some of your peers are starting to talk about sort of growing opportunity for liquid alternatives after a normalization of interest rates a little more volatility certainly have a very good long-term track record, but you mentioned the corporate governance issues as well hindering gross sales. How do you think about that opportunity set into 2023? And when you look at your organic growth for the year, where do you see the best actual opportunity to grow?
Jimmy Levin : Yes. So I think you answered both parts of it yourself successfully, which is that is a key area. I don’t know if liquid alternative exactly the right word, but the more liquid end of our credit capability being something that some of the peers are focused on is also something we are focused on that also is more topical today. And the reason it’s more topical today is because rates are higher and spreads are wider and suddenly the absolute returns available from that type of activity sort of catch a lot of attention frankly across a pretty broad swath of investor types. So that is not lost on us. We are actively forming capital around that particularly in the insurance space. But as you mentioned some of what we have going on in the corporate side doesn’t necessarily help accelerate that process. So yes and yes, I guess, is the answer to your question.
Bill Katz: Thank you.
Operator: I’m not showing any further questions. I will now turn the call over to Ms. Conti.
Ellen Conti: Thank you operator, and thanks everyone for joining us today and for your interest in Sculptor Capital. If you have any questions, please don’t hesitate to reach out.
