I know you don’t need any further evidence of the insidious relationship between investment banks and brokers but this is quite funny.
‘Tesco Plc (TSCO), the U.K.’s largest retailer, fell the most in more than three months as JPMorgan Cazenove cut the stock to underweight a week after being dropped as the supermarket company’s co-brokerage adviser’ [emphasis added].
Now that we’re not getting paid fees, I can tell you what I really think!
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Forager Funds is a boutique fund manager specialising in a value investing approach. We offer an ASX listed Australian Shares Fund as well as an International Shares Fund both aimed at delivering returns for long term investors.