With friends in the industry like that...

Deutsche Telekom has enough problems already without its own bankers doing the company down.

The firm last week kicked off presentations in Japan for its ¥100bn ($867m) samurai bond issue, a deal that is being led by Daiwa SB Capital Markets. But just down the corridor, Daiwa SB Investment Management was not too impressed.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire