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A flagship fund is commonly marketed and recognized as an appropriate reflection of a fund manager's

overall ability. It is usually the largest investment product offered to institutional clients,

which, therefore, ensures that the performance and characteristics of the fund is

representative of the manager's investment process.

(source: "Institutional investment flows and the determinants of top fund

manager turnover", by Elor Dishi, David R. Gallagher and Jerry T. Parwada)

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