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Money managers under the microscope
Morning Line-Up: Olympic mall, takeover rules revisited, Co-op insurance
News and views on the asset management industry from Reuters and elsewhere:
Great expectations
It was the outcome most commentators were expecting.
Even Roger Lawson of the UK Shareholders’ Association, which represented 150,000 small investors, admitted it was “not totally unexpected”.
But the defeat for hedge funds RAB Capital and SRM Global and other former shareholders claiming damages for the loss of their holdings in Northern Rock when it was nationalised last year is nevertheless a hard blow to bear.
