I think that they need to bring partner into FM business and...

I think that they need to bring partner into FM business and rebadge to get retail investor confidence back into funds.

If its seen that big brother is now partnering (running funds) it could stop the run when redemptions open again.

Better have a percentage of something than own a FM business with no confidence in brand name.

MFS could end up holder of a number interests in external businesses but at least it would stop blood letting. Over time each interest could be spun out to shareholders. ie over time 35% of Stella is specie distributed to MFS shareholders.

MFS could become an investment vehicle with passive holdings in externally run businesses.

Interesting I saw in one post they own interest in group specialising in turn arounds so I assume at least they have internal help.