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By contrast, the average tenure of equity fund managers is less than five years, according to Morningstar.
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The firm is currently owned by its 500 partners, who over their tenure accumulate equity.
There's no offer of equity.
The fourth came out of equity trading.
But what about its cost of equity?
Cost of equity: 15%.
People are terrified of equity.
What explains this massive reabsorption of equity?
Clements got a sliver of equity.
And perhaps a bit of equity.
Debt was now 185% of equity.
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