As a portfolio manager, when do you start advising to your clients that they have some cryptocurrency exposure? When will there be an index fund, a mutual fund of cryptocurrencies? It will happen.

We manage the same fund for mutual fund holders and annuity holders, and we happen to own the shares underlying the annuity instead of the mutual fund. That's why it appears we don't hold shares when you look at the SAI data, but in effect we do -- just through a different vehicle.

The concentration of stocks is concerning. An active fund manager would not put a portfolio together simply based on how big a company is or how big a portion of the index it represents. I would prefer to invest with a manager with a high degree of conviction in what they think are the best opportunities for growth.

mutual fund tax trap.

I am pro-technology that improves the lives of many people in any way possible, and I think the blockchain has the potential to do that.

Bitcoin is just one example of something that uses a blockchain.