Yes if you are thinking about where the performance fees might...

Yes if you are thinking about where the performance fees might end up from a Wilson management company perspective, it is arguably preferable to chalk up wins in the WAR vehicle. They get 20% performance fee of any positive return there. Whereas I think for the wins in WAM they only get 20% of returns over a true benchmark from memory. Big win though is obviously the longer term AUMs lift for WGB and fees for that. As to size affecting performance all debatable. I know that I would prefer Buffett's percentage returns he achieved in his younger days compared with the last decade or two. Anyway well played by Wilson management company.