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Investment industry rebukes 'common ownership' theory

By Brian Baker ( February 11, 2019, 23:17 GMT | Insight) -- The investment management industry is pushing back on an academic theory that found institutional investors with holdings in competing firms led to anticompetitive behavior. In a series of letters to the US Federal Trade Commission last month, a large swath of the industry also said remedies proposed in response to the theory would upend the asset management business, harming individual investors.The investment management industry is pushing back on an academic theory that found institutional investors with holdings in competing firms led to anticompetitive behavior....

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