Alan Pardee
Alan Pardee
coming funds last limited looking market partners year
I had conversations with limited partners last year who said that three-quarters of the funds in their portfolio, and by implication those in everyone else's portfolio, were coming into the market looking for capital.
began start wave
This was the start of the fund-raising wave that began at the back end of 2004.
bottom fading funds half performance slow
We are going to see a slow fading away of some of the funds in the bottom half of the performance rankings.
becomes brutal fund good invest
You can't invest in every good fund that comes in the door, so it becomes a brutal sorting process.