“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring of hope, it was the winter of despair.” One of the most famous openings of any novel, the Charles Dickens’ prose, though written in 1859, seems as fresh and poignant as ever. Longtime readers of this quarterly communique may recall the appropriation of this sentence many years ago, so please forgive the indulgence to employ it once again, as the parallels to the past year were too eerie to resist.
Credit: Lisa Fu - Fund Fire FundFire on Fm AccelerationDownload - PDF Consolidation in the asset management industry has led some portfolio managers to question the future of their teams and enlist third-party support to leave parent companies. In November, three third-party assisted transactions were announced. Los Angeles-based RIA Lido