Lets face it, crises are nothing new in the financial services industry. Many fund management houses...
Lets face it, crises are nothing new in the financial services industry. Many fund management houses over recent years have faced problems that have caused uncertainty and anger among their investors. Aberdeen Asset Management is just the latest. Its problems, created by the mere 3% of its business involved in split capital investment trusts, has grabbed all the headlines associated with the business. Its problems are different to those at Morgan Grenfell with the scandal surrounding Peter Young and those that Barings faced in the aftermath of Nick Leeson's currency trading losses. The...
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