Having listened again it appears to me that there may have been a falling out with PAC and co.
If IVZ zeroed out one of their big clients, the ones who dumped on discovery, I imagine that would not have gone down well.
Further evidence, I wonder if this is part of the reason they continued to dump was SM said there was some push back at offering same terms to retail.
Having listened again it appears to me that there may have been...
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