M&C Saatchi – how long is “the foreseeable future” for which it “remains confident about the liquidity status”?
Tom Winnifrith Bearcast: This is NOT a late April Fool: Bear raider Evil Knievil turns mega bullish on shares
I have been kicking around the fund and wealth management industry for more than a couple of decades now and have seen plenty of business launches, deals and consolidation. The big trend at the moment - and frankly of the last little while - has been consolidation. Call it driven by cost-cutting potential, distribution realities, Mifid-II influences or the impact of the rise of passive/robo investments on the level of fees that can be charged. Anyhow, what strikes me as insightful is the price these deals are being struck at…
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