In a piece published by Absolute Return on April 5 titled “San Bernardino County pension buys 10% Gramercy stake,” asset management partner Laurel FitzPatrick discusses pension fund interest in asset manager ownership. “It would certainly make sense for pension funds and some of the large family offices to have an interest in this going forward,” Ms. FitzPatrick said. “Those are patient investors, so it’s a pretty good match compared to some of the fund investors [that] need to show a return to their own investors in some sort of short order.”
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