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Consultants increasingly step onto managers' field

from Pensions & Investments

Some alternative investment managers say that more and more they are competing with consultants for money management business. “There are some consultants who began life in fee-for-service that have expanded into their own secondary products, both separate accounts and funds on behalf of investors,” said Frank Morgan, New York-based president of Coller Capital-U.S., an alternative investment firm that invests on the secondary markets. more

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