30 June 2017
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“Most of the active managers went for trying not to sound too enthusiastic as they welcomed the FCA’s conclusions while most of the passive camp went for an air of noble disappointment the regulator hadn’t gone further."
"Do you think the FCA is watching us?" whispered the chairman of the improbably-sized investment company Prandeamus Asset Management nervously when I visited him last week. "Isn't that rather its point?" I replied.
"You'd have thought ‘keeping an eye on members of Her Majesty's financial services industry' was a chunky part of its job description." "No, I mean us - you and me," stressed the chairman, his eyes...
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