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by regularization
10 days ago
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Right, but the CalPERS is sliced into over 2 million pieces, whereas a family office or gulf sovereign wealth fund has much less divvying up. It looks big until you see it has to be divided 2 million ways, as opposed to maybe 20 ways with a family office. The distribution is unequal. But most asset classes are like that, although less so for a single family house. |
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