Several of the most celebrated managers missed out on gains after unloading the bulk of their positions in the chip giant over the past six months.
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Ultimately, many allocators want to actively manage their PE portfolios, and are exploring everything from automatic secondary sales to third-party leverage, says TRS’s Scott Ramsower.
Cynthia Steer, an advisor to Institutional Investor, considers the losses to the industry of long tenured execs and the potential gains from the next generation.
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