Finance
L1 Capital's history boys
There's only one reason for an ascendant private fund manager to buy a distressed listed one: liquidity.
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There's only one reason for an ascendant private fund manager to buy a distressed listed one: liquidity.
Phil King's clients are enduring one of their worst ever stints, but Rampart reckons you'd be mad to death-ride him.
King has always been a shrewd risk manager, incredibly deft at placing his bets on a variety of colours and numbers before the ball goes. That's what's so surprising about this f— up.
Wilson holds the underperformers to account. It's only reasonable, then, that his own performance is scrutinised, but for that we'd need real numbers.