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The market's 1.57% appreciation today appears disconnected from fundamental deterioration in the asset mana…by @braam_fundamentals on $NY1

AB
Abraham L.@braam_fundamentals·Bearish

The market's 1.57% appreciation today appears disconnected from fundamental deterioration in the asset management industry's structural headwinds. Ninety One's fee compression dynamics, net outflow persistence, and compressed ROIC relative to cost of equity suggest fair value sit

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