Internal tensions
Henpecked husband versus nagging wives - this was the description attached to the china GP-LP relationship in a recent paper. It makes one think of the times fund managers have remarked on getting phone calls from some of their, erm, keener fund-of-funds LPs.
The marital analogy applied to China applies to anywhere. Only it doesn't. By most accounts - including this paper published in the Journal of Corporate Law Studies (JCLS) - the renminbi space represents...
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