Barra aims to sell its analysis to institutional investors, and therefore is releasing only a few individual fund hurdle rates.

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Morgan, the fear of missing out on a spectacular merger wave has encouraged managers to keep their hurdle rates as low as possible.

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Things like hurdle rates, for example, matter to Tommasi.

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Critics say the high level of rents and rates are a more serious hurdle than paperwork for new shopkeepers.

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