因为这些职能更有效地与工作人员居住，这句话是什么意思？

问题如下：

Which of the following rights and responsibilities within TEF’s investment program is most likely inconsistent with effective investment governance?

选项：

Portfolio construction

Performance evaluation

Investment manager selection

解释：

The research, evaluation, and selection of investment managers and service providers are typically delegated by an investment committee to investment staff as these functions more effectively reside with staff. Individual manager selection is an implementation and execution decision designed to achieve strategic decisions made by the investment committee, and is typically not a strategic decision itself. Manager evaluation has substantial data analysis and technical elements that can be efficiently provided by staff experts and consultants.