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UK fund manager profit squeeze set to shrink bonuses by 20%

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Some of the UK and Europe’s largest fund management houses have seen assets under management shrink this year as volatile markets continue to have a knock-on impact on revenue and profit across the sector.Now the squeeze is expected to hit bonuses for fund management professionals, with estimates that variable pay for 2022 could be down by as much as 20% compared to last year.Tim...

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