Comment & Analysis
Asset managers may regret becoming the new banks
Asset managers are the new bankers, and they are finding it decidedly uncomfortable. Before the 2008 financial crisis, bankers were the undisputed kings of the financial hill, making markets, taking risks and cooking up complex financial products such as CDOs, CLOs and MBSs (collateralised debt and loan obligations and mortgage-backed…
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Click here to read the full story: Financial Times