What the investors think

One of the primary concerns for investors and their advisers, in the face of a small group of mega-managers, is concentration risk.

Barry White, the investment manager of £2bn (€2.4bn) Devon County Council Pension Fund, said: "You would have to be conscious of concentration risk. It is important to diversify assets across a range of managers."

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Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump