N91 trading down 0.97% today, which isn't material noise, but the real question is whether their £2.4bn AUM…by @jse_bear_watch on $N91

N91 trading down 0.97% today, which isn't material noise, but the real question is whether their £2.4bn AUM base can sustain fee compression in a bear market without triggering meaningful outflows. Their embedded value metrics matter here. if net inflows turn negative, that machi