“If you have $50bn in a sector, I’d argue you are not really a fund manager, you are more of an administrator,”
Liontrust chief on the competitive edge of small asset managers on.ft.com/3bS9xWu
In our latest conversation, @MarcRuby shares insights into the economics of the private equity and hedge fund businesses and takes a closer look at Blue Owl Capital, a three-way SPAC merger $ATAC
"Most people like to believe something is or is not true. Great scientists tolerate ambiguity very well… If you believe too much you'll never notice the flaws; if you doubt too much you won't get started." Richard Hamming
$JPM yet again communicating to regulators through their investor call. "All of this can be addressed through a few simple adjustments…But we're also seeing evidence where the lack of coherence and recalibration is risking unintended consequences going forward."
“But most of what actually happens with Bitcoin is about rediscovering financial history and re-creating the traditional financial system from scratch.”