All this requires better fund governance, which really means greater internal resources, with delegation to staff by a board which concentrates on long-term strategy and oversight of member interests.
1 August 2008 00:00
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Opinion
The on- and off-stage antics at the extravagant Milken Global Conference in Los Angeles tell us a lot about where institutional capital is right on the money – and where it is putting its head in the sand. And while the event retains the extraordinary intellectual and financial firepower that has always been its signature, something has shifted. The absences are as instructive as what's on the program.
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