A question of balance: Are fewer GP relationships good for LPs?


yoga, balance
Yoga instructor Tao Porchon-Lynch poses in her yoga class in Hartsdale, New York, May 14, 2012. REUTERS/Keith Bedford
Many pension funds are trimming manager relationships to “core” groups and committing larger amounts to re-ups. But could they be harming themselves in the long term? To be sure, fewer managers and larger commitments can lead to a stronger bargaining ...

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