Gosling's Grouse - Boutiques all the right boxes

Much is always made by asset management groups about the structure of their companies or the remuneration of the fund managers being ‘aligned' with their investors and shareholders.

It has become a very over-used expression, almost as much as ‘boutique’, and it seems as though if groups use one or both of these expressions it will immediately change the perception of their business. It has always sounded the equivalent of some of new fad diet – eat eggs every day (as apparently Margaret Thatcher did) and you will lose weight or whatever the fund management equivalent is of becoming Prime Minister or Premier asset manager in the UK. I am reminded of this because for me one of the original genuine boutiques, Artemis, changed hands last week. Well sort of, as one chara...