Internet killed the Wall Street star
Mercury Asset Management was the surprise winner of this year’s Primark Extel Survey for best fund-management firm, announced on July 9. A surprise, at least, to City Index, the one financial institution proud to encourage gambling, which was giving MAM odds of only 6 to 1 while it was taking bets on hot favourites Fidelity and Morgan Grenfell Asset Management (MGAM) at 7 to 4.
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