Nick Kirrage, Fund Manager, Equity Value, said the hitherto highly
constructive opportunity set for value investors in the US has dried up with a handful of opportunities remaining in retail.
In addition to legal competence, and the «business and financial literacy to understand business
opportunity and risk,» GCs must be capable of conducting a «relentless, independent, fair - minded, empirical quest for a broad
set of facts,» and be «able to articulate a
set of systematic and
constructive options that expose and explore the value tension inherent in most decisions.»