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Asset Managers Must Repay £38M For Misleading Investors

By Joanne Faulkner (March 5, 2018, 4:32 PM GMT) -- Asset managers must return £38 million ($52 million) to investors after a probe by the U.K.'s Financial Conduct Authority found clients were being misled into paying expensive fund management fees, the agency's head of supervision for investment and wholesale revealed Monday.  ...

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