Veteran investor Jim Slater passes away

Slater, who ranks with such investment veterans as Warren Buffett, made his name as co-head of London-based Slater Walker Securities. He died suddenly on 18 November. Slater's firm engaged in corporate takeovers in the 1960s and 1970s, selling off unprofitable parts of business in a process which became known as "asset stripping". By 1972, the firm reportedly had a major controlling interest in some 200 companies and assets of $800m, with Slater's own net worth reaching $20m. However, its fortunes were brought down by the collapse of the London stock market in 1973/1974, and Sla...