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...Just eight of these though are North American, where markets are already highly concentrated....
...Some firms were adapting fund settlement cycles to T+1 at the umbrella level, while others were making decisions at the sub-fund level based on their level of North American holdings, he added....
...The early 1990s saw an ugly US populist backlash against Japan’s acquisition push of American assets. That era seems to have partially returned....
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...That is bad news for the American VCs desperate to become asteroid miners....
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