IS A GEOGRAPHIC FOCUS FOR TRADITIONAL SEARCH NECESSARY IN EUROPE?
In the US, traditional search funds largely need to be geography agnostic (within US) to get funded for a traditional search - this makes sense given it's within the same country. How does this translate to Europe, however? I would assume you'd still focus your geography to one country, e.g. Belgium? Or would investors prefer picking a region, e.g. Benelux, Nordics, DACH?