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Which of the following best describes an RFP ' s path? An asset owner / institutional client with funds to invest submits an RFP to

Which of the following best
describes an RFP's path?
An asset owner/institutional client with funds to invest submits an RFP to an
investment consultant and fund manager. The investment consultant and fund
manager then work together to fulfill the client's goals.
An investment consultant asks multiple fund managers to submit an RFP. Then
the fund managers prepare and present their RFPs to the consultant and/or the
asset owner, who will then decide which manager to select.
A fund manager presents an RFP to an investment consultant. Then the
investment consultant shops it around to different clients looking to make
a match.
A fund manager seeks out institutional investors like insurance companies and
pension plans by pitching them a number of RFPs. The investment consultant
helps the client decide in which to invest.
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