“A lot of institutions like to think of themselves as MFOs, whereas in reality they are just large fund management companies”
“There are now so many Spacs that Pipe investors no longer have the bandwidth or appetite to look in-depth”
“We are trying to be proactive rather than waiting until something goes wrong. The last thing we want is for newcomers to the market to have their hopes crushed and never come back to the markets”
“A lot of what activists have sought in other sectors – breakups or spinoffs to give a simpler business and a clearer equity story – could be applied to much of the financial sector too”