3 ms·
What I found interesting (in the CNBC article) was that the partners will no longer cross-invest in each other's funds. The 3 units were operating independentl
by cj 3y ago
What I found interesting (in the CNBC article) was that the partners will no longer cross-invest in each other's funds.
The 3 units were operating independently already, but there was cross-over in partners from 1 division investing in funds from a different division.
After the split, the article explicitly said the partners will no longer invest their own money in the other entity funds.
Feels like it's a move motivated by regulation/compliance.