At other times his head was down, writing notes, which is totally necessary, but that behavior was universally panned because he appeared disengaged, or worse, like he was running with the glaciers.

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And Daniel Enskat, the firm's head of global consulting, notes that there is even an elite within the elite: Within the most popular 1% are a shortlist of funds taking in far more than the rest.

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"The catalogs have been flying out the window, " notes Francis Wahlgren , head of the auction house's printed books and manuscripts department.

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