![]() ![]() ![]() Investors prefer pedestrian but steady management fees over the lumpy share of fund profit that is the industry’s special sauce. LONDON, June 14 (Reuters Breakingviews) - Private-capital pioneers, such as Blackstone’s (BX.N) Steve Schwarzman, benefit from public-market inefficiencies even as their listed buyout shops grapple with chronic valuation problems. ![]()
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