I do wonder how the dynamics will work with Tony Robinson being...

I do wonder how the dynamics will work with Tony Robinson being Chairman of BOTH River Capital and Pacific Current Group whilst River Capital are a bidder for PAC...that could get tricky. Paul Greenwood would be in a difficult position trying to navigate this situation.

Rajiv has said publicly in the past that one of the reasons he wanted to list the GQG business was so he could use his shares as a future liquid currency with which to attract talented teams and individuals into the GQG fold, but I had thought he'd meant directly complementary teams like equity long/short, global small caps etc. I didn't get the impression he meant becoming a diversified multi asset boutique incubator.

Clearly, between Tim Carver and Paul Greenwood they have the knowledge and talent to do it though, and GQG has the scale and free cashflow to invest and build out proper, integrated distribution teams for the various boutiques that they like, if they wanted to. Let's see what happens.