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Ben Carlson: Death By A Thousand Cuts

FYI: In the U.S., over $13 trillion of institutional capital relies on consultants for advice on which funds to invest in. Pensions, endowments, foundations and other large pools of money utilize consultants for a range of services, most notably picking different outside money managers to invest in on their behalf.
Regards,
Ted
http://awealthofcommonsense.com/2016/05/death-by-a-thousand-cuts/
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