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The new rules require private funds to issue quarterly fee and performance reports, and to disclose certain feestructures while barring giving some investors preferential treatment over redemptions and portfolio exposure. The industry manages around $20 trillion in assets. The rules also require funds to perform annual audits.
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You go from Goldman Sachs to Harvard Business School to the Boston Consulting Group. was like getting my post MBA not so much that I wanted to be a consultant but I wanted to learn about different industries and different types of problems. When you compare it to law, to medicine, to — RITHOLTZ: Centuries, right.
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