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11:53
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Originally posted by nailsnglue:
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My broker says St James has also exited a mandate from black rock. The thinking is that St James wants to do the research in-house and not outsource the investing to other managers. They are large enough to do this. This structural shift is so far limited to St James.
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Actually, the mandate got moved to State Street says the AFR. So St J. is not moving to in house investing completely as stated above.
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