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Hedge fund financier Arki Busson, well-known for his celebrity connections and charity work, was this week reported to be in talks with asset managers with a view to selling or merging EIM, his fund of hedge funds business. Bloomberg reports that assets at the fund have fallen to almost half of their $14bn peak. An outright sale would be a surprising move by the charismatic Frenchman, who told Financial News 18 months ago that he was looking at several acquisitions and wanted to buy two funds of funds.

This week 'Arki' Busson mulled plans to consolidate or sell EIM; Josef Ackermann left Deutsche Bank; and George Osborne performed u-turns on tax.

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David Thomas

Deutsche Bank

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