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Valeria Martinez is news editor at Investment Week
Shoppers cut back on food spending
Equity funds remained in positive territory
Chris Santer joins
0.9% vs 15% benchmark return
Benchmarked against MSCI ex-China index
Similarities with 2000s tech bubble
Seeks £400m valuation
Headed by Borja Azpilicueta
£4.3bn worth of redemptions
'Valuations matter'