The multi-boutique model is a simple one. High quality investment professionals partner with financially strong institutions. The investment professionals focus exclusively on managing money and the institution takes care of everything else. The business is presented to market as one having all the benefits of a standalone boutique – the investment team is aligned with its investors through equity ownership in the business – without many of the risks such as substandard business infrastructure, fragile financial position and pressure on investment managers to spend time away from their desks trying to grow [...]