Traditional stock-pickers have been battered by competition from cheaper passive funds and the rising cost of regulation.
The growth of cheap index-tracking funds is giving hedge funds an unexpected influence in setting market prices.
As inflation rises in the U.K., the nation's populace may be changing its mind about Brexit, he says.
Competitors seek to erode iShares’ formidable fixed-income dominance on the continent.
Fighting for funds, two Scots managers create an $810 billion giant.
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