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April 02, 2006

Capital Momentum

Capital seems to be pouring in on the management end of capital markets:

WO of London’s most successful fund management groups revealed yesterday that money from investors has been flooding in over the past year.

New Star Asset Management, a conventional asset manager founded only six years ago, announced that it attracted a net £3.74 billion of inflows last year — or more than £10 million a day.

It's the start of another boom, which I predicted a little while back.

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