Ashmore Group shares fell over 5% on Thursday after CEO and founder Mark Coombs revealed plans to sell down his stake in the company.
Coombs, who owns 39% of the emerging markets specialist manager, will reduce his stake "to a more appropriate level" by selling up to 4% of the firm's stock each year into the market. On the news, Ashmore...
Partner Insight: In this environment, a well-resourced credit research team is essential and having traders to keep check on markets is very helpful too, according to Fidelity fixed income managers Sajiv Vaid, Peter Khan and Kris Atkinson
Impact of political turmoil and Brexit
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In recent weeks, investors have fixated on the inversion of several sovereign yield curves, most notably the US Treasury curve.
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