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London's loss, Hong Kong's gain

2 June 2010 By Nicholas Paisner

Advisors expected 850 mln pounds from the UK insurer’s bid for AIA. They will earn just a fraction of that, although Pru is still out 450 mln pounds. The pros should be ashamed of giving bad advice. But London bankers’ loss may turn into Asians’ gain, if AIA floats in Hong Kong.

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