Tuesday 19 March 2024

Finboot

'What's that, boss?'

I've no idea, Voice.

'Why are you writing about it then?'

I've got to write about something.

'Why?!'

What?

'Why have you got to write about something?'

Don't get all philosophical with me, Voice. Not this early in the morning. I'm not in the mood.

So ...

Finboot.

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Or ... more ...

Today Finboot is announcing the completion of the first close of its latest funding round to accelerate the next phase of its growth strategy - with a particular focus on enabling companies and their net-zero transition through technology. This latest funding round has been led by a strategic investor together with Wealth Club. 

Wealth Club, you see? And not today.

'When then?'

Last week sometime.

'Oh.'

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No ... I suppose not.

Finboot helps its customers and partners accelerate their digital transformation, and by doing so helps them realise value and build trust through leading edge blockchain technology. 

Uh. Blockchain.

Finboot's solution, MARCO, enables companies to incorporate blockchain within their value and supply chains, bringing traceability, transparency and compliance which, in turn, helps them meet sustainability and environmental, track carbon emissions and social and governance (ESG) requirements while also increasing operational efficiency.

No endorsement from me, obviously, dear readers. I don't even know what this is all about.

It's all blockhead stuff to me.

'Maybe Nish knows, boss.'

Yeah, maybe.

'Well, aren't you going to ask him?'

Christ!

Nish?

Nish Kotecha, Executive Chair and Co-Founder, Finboot, says: "The investment by a strategic investor who has tried, tested and implemented our technology and Wealth Club is a huge vote of confidence in the Finboot team, our strategy and our technology proposition - our no-code / low-code platform, MARCO.

"Finboot is bringing the next generation of supply chain tracking solutions to market which will enable large businesses to comply with current and future ESG regulations across the globe and enabling their net-zero transition."

No, he doesn't know.

'Maybe Gayle knows.'

Oh, do me a favour!

Don't look at me like that.

Oh, all right.

Gayle?

Gayle Bowen, Director - Direct Investments, Wealth Club, adds: "We selected this investment in Finboot, as it meets our guiding principles of investing in commercially compelling companies whose missions have merit and which can deliver sustainable and attractive returns to our investors."

No, she doesn't know.

No one knows, man!

'Shame.'

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Monday 18 March 2024

[No. 1,183]

And no please[1], and aRound a disease[1], and no please[2], and hello hello no[1], and aRound a disease[2], and my brain your brain[1], and hello hello no[2], and dont say hello stay away[1], and my brain your brain[2], and yes bye[1], and dont say hello stay away[2], and but but if you insist like[1], and yes bye[2], and my life[1], and but but if you insist like[2], and jumble crumble so what[1], and my life[2], and your life too[1], and jumble crumble so what[2], and people gotta stay out of my face dont want them in my face[1], and your life too[2], and okay okay no[1], and people gotta stay out of my face dont want them in my face[2], and how about you[1], and okay okay no[2], and words gotta stay out of my mind dont want them in my mind I want to be empty[1], and how about you[2], and thats never going to happen of course[1],and words gotta stay out of my mind dont want them in my mind I want to be empty[2], and you is this what you want[1], and thats never going to happen of course[2], and visions even sick of visions at the moment listen it would be nice to relax for once you know[1], and you is this what you want[2], and my laptop ha[1], and visions even sick of visions at the moment listen it would be nice to relax for once you know[2], and uh uh yeah my laptop can get lost that piece of junk or Ill smash it with a hammer to teach it a lesson[1], and my laptop ha[2], and people faces words too I dont care[1], and uh uh yeah my laptop can get lost that piece of junk or Ill smash it with a hammer to teach it a lesson[2], and ha uh ha[1], and people faces words too I dont care[2], and I dont care and I dont care and I dont care[1], and ha uh ha[2], and it crumbles[1], and I dont care and I dont care and I dont care[2], and even when I jumble it all I cant get rid of mad souls and possibly dead souls who should know better[1], and it crumbles[2], and a hammer you want[1], and even when I jumble it all I cant get rid of mad souls and possibly dead souls who should know better[2], and aRound aRound Im sick now[1], and a hammer you want[2], and I cant talk to them that are square they cant ever know what is wrong or what is right with me[1], and aRound aRound Im sick now[2], and their confusion doesnt give me pleasure but[1], and I cant talk to them that are square they cant ever know what is wrong or what is right with me[2], and not now not now not in this moment or any of the moments coming can you see them[1], and their confusion doesnt give me pleasure but[2], and feel them[1], and not now not now not in this moment or any of the moments coming can you see them[2], and what do you want cant you say[1], and feel them[2], and taste them these moments well you do it for me because Im sick of them[1], and what do you want cant you say[2], and so ooo sick of them[1], and taste them these moments well you do it for me because Im sick of them[2], and I will guess for you and I will decide for you[1], and so ooo sick of them[2], and the moments that keep coming the same and keep reminding of moments years ago that were the same[1], and I will guess for you and I will decide for you[2], and I know you dont want this ha ha[1], and the moments that keep coming the same and keep reminding of moments years ago that were the same[2], and Christ the same[1], and I know you dont want this ha ha[2], and no please[3], and Christ the same[2], and aRound a disease[3], and hello hello no[3], and my brain your brain[3], and dont say hello stay away[3], and yes bye[3], and but but if you insist like[3], and my life[3], and jumble crumble so what[3], and your life too[3], and people gotta stay out of my face dont want them in my face[3], and okay okay no[3], and how about you[3], and words gotta stay out of my mind dont want them in my mind I want to be empty[3], and thats never going to happen of course[3], and you is this what you want[3], and visions even sick of visions at the moment listen it would be nice to relax for once you know[3], and my laptop ha[3], and uh uh yeah my laptop can get lost that piece of junk or Ill smash it with a hammer to teach it a lesson[3], and people faces words too I dont care[3], and ha uh ha[3], and I dont care and I dont care and I dont care[3], and it crumbles[3], and even when I jumble it all I cant get rid of mad souls and possibly dead souls who should know better[3], and a hammer you want[3], and aRound aRound Im sick now[3], and I cant talk to them that are square they cant ever know what is wrong or what is right with me[3], and their confusion doesnt give me pleasure but[3], and not now not now not in this moment or any of the moments coming can you see them[3], and feel them[3], and what do you want cant you say[3], and taste them these moments well you do it for me because Im sick of them[3], and so ooo sick of them[3], and I will guess for you and I will decide for you[3], and the moments that keep coming the same and keep reminding of moments years ago that were the same[3], and I know you dont want this ha ha[3], and Christ the same[3], and

And no please[1], and aRound a disease[1], and no please[2], and hello hello no[1], and aRound a disease[2], and my brain your brain[1], and hello hello no[2], and dont say hello stay away[1], and my brain your brain[2], and yes bye[1], and dont say hello stay away[2], and but but if you insist like[1], and yes bye[2], and my life[1], and but but if you insist like[2], and jumble crumble so what[1], and my life[2], and your life too[1], and jumble crumble so what[2], and people gotta stay out of my face dont want them in my face[1], and your life too[2], and okay okay no[1], and people gotta stay out of my face dont want them in my face[2], and how about you[1], and okay okay no[2], and words gotta stay out of my mind dont want them in my mind I want to be empty[1], and how about you[2], and thats never going to happen of course[1],and words gotta stay out of my mind dont want them in my mind I want to be empty[2], and you is this what you want[1], and thats never going to happen of course[2], and visions even sick of visions at the moment listen it would be nice to relax for once you know[1], and you is this what you want[2], and my laptop ha[1], and visions even sick of visions at the moment listen it would be nice to relax for once you know[2], and uh uh yeah my laptop can get lost that piece of junk or Ill smash it with a hammer to teach it a lesson[1], and my laptop ha[2], and people faces words too I dont care[1], and uh uh yeah my laptop can get lost that piece of junk or Ill smash it with a hammer to teach it a lesson[2], and ha uh ha[1], and people faces words too I dont care[2], and I dont care and I dont care and I dont care[1], and ha uh ha[2], and it crumbles[1], and I dont care and I dont care and I dont care[2], and even when I jumble it all I cant get rid of mad souls and possibly dead souls who should know better[1], and it crumbles[2], and a hammer you want[1], and even when I jumble it all I cant get rid of mad souls and possibly dead souls who should know better[2], and aRound aRound Im sick now[1], and a hammer you want[2], and I cant talk to them that are square they cant ever know what is wrong or what is right with me[1], and aRound aRound Im sick now[2], and their confusion doesnt give me pleasure but[1], and I cant talk to them that are square they cant ever know what is wrong or what is right with me[2], and not now not now not in this moment or any of the moments coming can you see them[1], and their confusion doesnt give me pleasure but[2], and feel them[1], and not now not now not in this moment or any of the moments coming can you see them[2], and what do you want cant you say[1], and feel them[2], and taste them these moments well you do it for me because Im sick of them[1], and what do you want cant you say[2], and so ooo sick of them[1], and taste them these moments well you do it for me because Im sick of them[2], and I will guess for you and I will decide for you[1], and so ooo sick of them[2], and the moments that keep coming the same and keep reminding of moments years ago that were the same[1], and I will guess for you and I will decide for you[2], and I know you dont want this ha ha[1], and the moments that keep coming the same and keep reminding of moments years ago that were the same[2], and Christ the same[1], and I know you dont want this ha ha[2], and no please[3], and Christ the same[2], and aRound a disease[3], and hello hello no[3], and my brain your brain[3], and dont say hello stay away[3], and yes bye[3], and but but if you insist like[3], and my life[3], and jumble crumble so what[3], and your life too[3], and people gotta stay out of my face dont want them in my face[3], and okay okay no[3], and how about you[3], and words gotta stay out of my mind dont want them in my mind I want to be empty[3], and thats never going to happen of course[3], and you is this what you want[3], and visions even sick of visions at the moment listen it would be nice to relax for once you know[3], and my laptop ha[3], and uh uh yeah my laptop can get lost that piece of junk or Ill smash it with a hammer to teach it a lesson[3], and people faces words too I dont care[3], and ha uh ha[3], and I dont care and I dont care and I dont care[3], and it crumbles[3], and even when I jumble it all I cant get rid of mad souls and possibly dead souls who should know better[3], and a hammer you want[3], and aRound aRound Im sick now[3], and I cant talk to them that are square they cant ever know what is wrong or what is right with me[3], and their confusion doesnt give me pleasure but[3], and not now not now not in this moment or any of the moments coming can you see them[3], and feel them[3], and what do you want cant you say[3], and taste them these moments well you do it for me because Im sick of them[3], and so ooo sick of them[3], and I will guess for you and I will decide for you[3], and the moments that keep coming the same and keep reminding of moments years ago that were the same[3], and I know you dont want this ha ha[3], and Christ the same[3], and

And no please[1], and aRound a disease[1], and no please[2], and hello hello no[1], and aRound a disease[2], and my brain your brain[1], and hello hello no[2], and dont say hello stay away[1], and my brain your brain[2], and yes bye[1], and dont say hello stay away[2], and but but if you insist like[1], and yes bye[2], and my life[1], and but but if you insist like[2], and jumble crumble so what[1], and my life[2], and your life too[1], and jumble crumble so what[2], and people gotta stay out of my face dont want them in my face[1], and your life too[2], and okay okay no[1], and people gotta stay out of my face dont want them in my face[2], and how about you[1], and okay okay no[2], and words gotta stay out of my mind dont want them in my mind I want to be empty[1], and how about you[2], and thats never going to happen of course[1],and words gotta stay out of my mind dont want them in my mind I want to be empty[2], and you is this what you want[1], and thats never going to happen of course[2], and visions even sick of visions at the moment listen it would be nice to relax for once you know[1], and you is this what you want[2], and my laptop ha[1], and visions even sick of visions at the moment listen it would be nice to relax for once you know[2], and uh uh yeah my laptop can get lost that piece of junk or Ill smash it with a hammer to teach it a lesson[1], and my laptop ha[2], and people faces words too I dont care[1], and uh uh yeah my laptop can get lost that piece of junk or Ill smash it with a hammer to teach it a lesson[2], and ha uh ha[1], and people faces words too I dont care[2], and I dont care and I dont care and I dont care[1], and ha uh ha[2], and it crumbles[1], and I dont care and I dont care and I dont care[2], and even when I jumble it all I cant get rid of mad souls and possibly dead souls who should know better[1], and it crumbles[2], and a hammer you want[1], and even when I jumble it all I cant get rid of mad souls and possibly dead souls who should know better[2], and aRound aRound Im sick now[1], and a hammer you want[2], and I cant talk to them that are square they cant ever know what is wrong or what is right with me[1], and aRound aRound Im sick now[2], and their confusion doesnt give me pleasure but[1], and I cant talk to them that are square they cant ever know what is wrong or what is right with me[2], and not now not now not in this moment or any of the moments coming can you see them[1], and their confusion doesnt give me pleasure but[2], and feel them[1], and not now not now not in this moment or any of the moments coming can you see them[2], and what do you want cant you say[1], and feel them[2], and taste them these moments well you do it for me because Im sick of them[1], and what do you want cant you say[2], and so ooo sick of them[1], and taste them these moments well you do it for me because Im sick of them[2], and I will guess for you and I will decide for you[1], and so ooo sick of them[2], and the moments that keep coming the same and keep reminding of moments years ago that were the same[1], and I will guess for you and I will decide for you[2], and I know you dont want this ha ha[1], and the moments that keep coming the same and keep reminding of moments years ago that were the same[2], and Christ the same[1], and I know you dont want this ha ha[2], and no please[3], and Christ the same[2], and aRound a disease[3], and hello hello no[3], and my brain your brain[3], and dont say hello stay away[3], and yes bye[3], and but but if you insist like[3], and my life[3], and jumble crumble so what[3], and your life too[3], and people gotta stay out of my face dont want them in my face[3], and okay okay no[3], and how about you[3], and words gotta stay out of my mind dont want them in my mind I want to be empty[3], and thats never going to happen of course[3], and you is this what you want[3], and visions even sick of visions at the moment listen it would be nice to relax for once you know[3], and my laptop ha[3], and uh uh yeah my laptop can get lost that piece of junk or Ill smash it with a hammer to teach it a lesson[3], and people faces words too I dont care[3], and ha uh ha[3], and I dont care and I dont care and I dont care[3], and it crumbles[3], and even when I jumble it all I cant get rid of mad souls and possibly dead souls who should know better[3], and a hammer you want[3], and aRound aRound Im sick now[3], and I cant talk to them that are square they cant ever know what is wrong or what is right with me[3], and their confusion doesnt give me pleasure but[3], and not now not now not in this moment or any of the moments coming can you see them[3], and feel them[3], and what do you want cant you say[3], and taste them these moments well you do it for me because Im sick of them[3], and so ooo sick of them[3], and I will guess for you and I will decide for you[3], and the moments that keep coming the same and keep reminding of moments years ago that were the same[3], and I know you dont want this ha ha[3], and Christ the same[3], and

Alchemy!

'What's this, boss?!'

Ha, ha, ha! Base metal into gold, Voice!

'Yippee!'

London, 15/03/2024 - Alchemy Technology Services, a leading provider of technology and consulting services to the insurance sector, has acquired London management consultancy firm r10 Consulting for an undisclosed sum.

Er ...

Under the deal, r10 Consulting will be integrated into Alchemy and together will launch a new brand, Alchemy London Market which will be based in the Lloyd's of London building from where it will be able to offer a comprehensive suite of services to the insurance sector. Alchemy said the acquisition will create a number of synergies for the business, including an expanded service portfolio, access to broader markets and the ability to leverage combined technology solutions. 

Well ... not what I was expecting.

'Insurance.'

Yeah.

Alchemy Technology Services was founded in 2018 and has since grown to become a key provider of technology and consulting services to the global insurance sector. Headquartered in Northern Ireland, it employs more than people.

'You changed that, boss!'

It employs more than 200 people.

I was just trying to make the story a bit exciting, you know? I mean, maybe they employ fairies, too. Or ghosts. Something like that.

'Yeah. Never mind.'

Alchemy London Market will provide consulting services that focus on growth, operations, and technology - for leading (re)insurers, syndicates, brokers, MGAs, Insurtech, and service and software providers. 

All right, that's enough.

'We haven't heard from Amechi Pierce Howe yet.'

Uh, Christ.

Okay.

Amechi Pierce Howe, Head of Global Speciality, Alchemy London Market, says: "This is a transformative time as we embrace our new identity as Alchemy London Market. The amalgamation of r10 Consulting symbolises our integrated approach and commitment to providing innovative solutions to the London insurance market. Our presence at Lloyd's is not just about a change of address; it's a reflection of our ambition to be closer to the heart of the insurance industry, where we can directly contribute to and shape its future."

Thank you, Amechi.

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'We haven't heard from John Harkin.'

Oh, for fuc -

Okay.

John?

John Harkin, CEO, comments on the significance of the new London office: "Opening an office at Lloyd's of London is a major milestone for us. It's a testament to our growth, the hard work of our team, and our unwavering ambition to make a lasting impact on the insurance industry. Lloyd's has long been a symbol of global excellence, and being part of this vibrant ecosystem allows us to contribute to and benefit from the dynamism and innovation that define the London Market."

Thank you, John.

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...

Anything else?

There is nothing else.

The next conceptual will be nothing, and that's the way I like it now. These days.

Thursday 14 March 2024

Terminix acquisition causing headaches

'Oh dear!'

Ha! It's Rentokil's problem, Voice, not ours. We ain't got headaches. Not today, anyway.

'Those ghosts though. It's not an easy life, boss, hiring yourself out like that. Of course they're going to have headaches.'

Eh? What are you going on about?!

'I'm talking about Rentaghost.'

Yes, yes. Another classic from my childhood, but we're talking about Rentokil.

'Oh, okay.'

Idiot!

'Ha!'

Anyway ...

From Wealth Club -

Rentokil, the pest control specialist, has announced its full year results:

Organic revenue grew by 4.9% while adjusted operating profit increased by 57% benefiting from the Terminix acquisition.
Operating margin was up 1.20 percentage points to 16.6%. The group targets margins of greater than 19.0% by FY26, a year later than previously expected.
Terminix cost synergy guidance raised but organic growth in North America pest control is below expectations and timeline for the integration has been extended.

Right. What does Charlie say?

Charlie Huggins, Manager of the Quality Shares Portfolio at Wealth Club, comments:

"Transformational acquisitions always bring significant risk to a business. Rentokil's acquisition of Terminix is a case in point.

"The Terminix deal is by far the largest the group has ever done, establishing it as the leading Pest Control business in North America and opening up substantial cost savings. However, there have clearly been teething issues with the integration.

"The North American pest control business is seeing lower organic growth than expected due mainly to weak new customer acquisition. The distraction and complexity of such a large integration has meant the group has taken its eye off the ball. This has been compounded by an increasingly competitive market environment.

"Although the cost synergy targets for the Terminix acquisition have been increased, the timeline for the integration has been pushed back a year. In addition, Rentokil will have to reinvest some of those savings in sales and marketing to restore growth in North America pest control.    

"Overall, today's results are unlikely to reassure investors. Until growth in North America pest control improves, the Terminix acquisition will be treated with a large degree of scepticism."     

Thanks, Charlie.

ENDS

'Nothing to add, boss?'

All I can say is ... Goggins is well out of it with that raccoon and everything. Do you know what I mean?

'Yeah.'

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Poetry, poetry, poetry

Christ!

Man, this is a finance blog that will soon be over, but you want to know all about poetry, don't ya, kook(s)?

These people ...

Well, I'm going to be more secretive about my poetry from now on. I mean, more secretive than I was about my music.

'Why, Mikey?!'

Oh, hello, Voice.

'Why, Mikey?!'

Because, because ... poetry is more serious, the stakes are higher, it ain't just popular entertainment, and ...

[drum roll]

... I got some great ideas, some great plans.

'Oh, okay.'

Anyway, I've scrapped a few more poems.

'Why, Mikey?!'

Voice! Because they don't fit in with my new ideas, my developing plans, you dig?

'Oh, okay.'

But I've started a new free verse poem. I wrote seventeen lines yesterday. I've also got seven or eight lines of another poem, and -

'Have you still got those six lines of blankness?'

Yes, I've still got those. So, I'm working on three poems at the moment.

'What about the cliffs, the beaches?'

I don't know yet, Voice. I don't know what will happen. All I can tell you and the readers is ...

I shall never surrender!

'Nice one!'

Yeah.

Oh, man. Listen! I bought an ebook from Picador. One Thousand Nights and Counting. The selected poems of Glyn Maxwell. There's no apostrophes! There's no apostrophes anywhere in the book! What's that all about?!

'Avant-garde literature, ain't it?'

No, it's not. It really isn't.

'Shame.'

Never mind.

Some you win, some you lose.

I've bought some good ebooks. Some of them very cheap. Like a decent edition of Ulysses for only 49p.

Anyway ...

Laters!

'Bye!'

ENDS
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Tuesday 12 March 2024

[No. 1,182]

And if if[1], and if your mind soul is not a mess I can only salute you my friend however[1], and if if[2], and I wont be saluting you[1], and if your mind soul is not a mess I can only salute you my friend however[2], and I know you[1], and I wont be saluting you[2], and you can lie to others and you can even lie to yourself but I see everything with[1], and I know you[2], and my supernatural powers[1], and you can lie to others and you can even lie to yourself but I see everything with[2], and me mind sees you see[1], and my supernatural powers[2], and aRound aRound and aRound we go together and nothing ever changes but soon oh soon[1], and me mind sees you see[2], and well everything can changes[1], and aRound aRound and aRound we go together and nothing ever changes but soon oh soon[2], and Ill be on the cliffs and beaches yes yes[1], and well everything can changes[2], and hello Owlman ha[1], and Ill be on the cliffs and beaches yes yes[2], and where will you be ah nowhere thinking its somewhere because thats the way you are isnt it[1], and hello Owlman ha[2], and in the office Christ and in the home Christ[1], and where will you be ah nowhere thinking its somewhere because thats the way you are isnt it[2], and unless unless[1], and in the office Christ and in the home Christ[2], and what what what Ill tell you[1], and unless unless[2], and oh unless youre one of the very best of the kooks spinning in chaos almost a spiritual aristocrat[1], and what what what Ill tell you[2], and almost yes almost[1], and oh unless youre one of the very best of the kooks spinning in chaos almost a spiritual aristocrat[2], and if thats the case and I hope it is[1], and almost yes almost[2], and maybe I can have a word with the cosmos and maybe you can take over all this conceptual stuff when Im gone[1], and if thats the case and I hope it is[2], and uh have you prepared your cosmic CV[1], and maybe I can have a word with the cosmos and maybe you can take over all this conceptual stuff when Im gone[2], and come on come on[1], and uh have you prepared your cosmic CV[2], and we dont want to know your name your jobs your absurd education oh no no no[1], and come on come on[2], and just tell us about the visions dreams voices[1], and we dont want to know your name your jobs your absurd education oh no no no[2], and you magical person you[1], and just tell us about the visions dreams voices[2], and tell us how youve suffered but youre still fighting because youre so brave or just utterly nuts yeah yeah[1], and you magical person you[2], and thats all we need or all the cosmos needs[1], and tell us how youve suffered but youre still fighting because youre so brave or just utterly nuts yeah yeah[2], and obviously so ooo obviously the cosmos will make the final decision but I can put a good word in[1], and thats all we need or all the cosmos needs[2], and yes I can if I want to[1], and obviously so ooo obviously the cosmos will make the final decision but I can put a good word in[2], and or or or a few million good words in[1], and yes I can if I want to[2], and if I really loves you[1], and or or or a few million good words in[2], and and and with some bad words too ha ha ha just to keep it interesting you know[1], and if I really loves you[2], and its all a bit of fun aint it[1], and and and with some bad words too ha ha ha just to keep it interesting you know[2], and if if[3], and its all a bit of fun aint it[2], and if your mind soul is not a mess I can only salute you my friend however[3], and I wont be saluting you[3], and I know you[3], and you can lie to others and you can even lie to yourself but I see everything with[3], and my supernatural powers[3], and me mind sees you see[3], and aRound aRound and aRound we go together and nothing ever changes but soon oh soon[3], and well everything can changes[3], and Ill be on the cliffs and beaches yes yes[3], and hello Owlman ha[3], and where will you be ah nowhere thinking its somewhere because thats the way you are isnt it[3], and in the office Christ and in the home Christ[3], and unless unless[3], and what what what Ill tell you[3], and oh unless youre one of the very best of the kooks spinning in chaos almost a spiritual aristocrat[3], and almost yes almost[3], and if thats the case and I hope it is[3], and maybe I can have a word with the cosmos and maybe you can take over all this conceptual stuff when Im gone[3], and uh have you prepared your cosmic CV[3], and come on come on[3], and we dont want to know your name your jobs your absurd education oh no no no[3], and just tell us about the visions dreams voices[3], and you magical person you[3], and tell us how youve suffered but youre still fighting because youre so brave or just utterly nuts yeah yeah[3], and thats all we need or all the cosmos needs[3], and obviously so ooo obviously the cosmos will make the final decision but I can put a good word in[3], and yes I can if I want to[3], and or or or a few million good words in[3], and if I really loves you[3], and and and with some bad words too ha ha ha just to keep it interesting you know[3], and its all a bit of fun aint it[3], and

And if if[1], and if your mind soul is not a mess I can only salute you my friend however[1], and if if[2], and I wont be saluting you[1], and if your mind soul is not a mess I can only salute you my friend however[2], and I know you[1], and I wont be saluting you[2], and you can lie to others and you can even lie to yourself but I see everything with[1], and I know you[2], and my supernatural powers[1], and you can lie to others and you can even lie to yourself but I see everything with[2], and me mind sees you see[1], and my supernatural powers[2], and aRound aRound and aRound we go together and nothing ever changes but soon oh soon[1], and me mind sees you see[2], and well everything can changes[1], and aRound aRound and aRound we go together and nothing ever changes but soon oh soon[2], and Ill be on the cliffs and beaches yes yes[1], and well everything can changes[2], and hello Owlman ha[1], and Ill be on the cliffs and beaches yes yes[2], and where will you be ah nowhere thinking its somewhere because thats the way you are isnt it[1], and hello Owlman ha[2], and in the office Christ and in the home Christ[1], and where will you be ah nowhere thinking its somewhere because thats the way you are isnt it[2], and unless unless[1], and in the office Christ and in the home Christ[2], and what what what Ill tell you[1], and unless unless[2], and oh unless youre one of the very best of the kooks spinning in chaos almost a spiritual aristocrat[1], and what what what Ill tell you[2], and almost yes almost[1], and oh unless youre one of the very best of the kooks spinning in chaos almost a spiritual aristocrat[2], and if thats the case and I hope it is[1], and almost yes almost[2], and maybe I can have a word with the cosmos and maybe you can take over all this conceptual stuff when Im gone[1], and if thats the case and I hope it is[2], and uh have you prepared your cosmic CV[1], and maybe I can have a word with the cosmos and maybe you can take over all this conceptual stuff when Im gone[2], and come on come on[1], and uh have you prepared your cosmic CV[2], and we dont want to know your name your jobs your absurd education oh no no no[1], and come on come on[2], and just tell us about the visions dreams voices[1], and we dont want to know your name your jobs your absurd education oh no no no[2], and you magical person you[1], and just tell us about the visions dreams voices[2], and tell us how youve suffered but youre still fighting because youre so brave or just utterly nuts yeah yeah[1], and you magical person you[2], and thats all we need or all the cosmos needs[1], and tell us how youve suffered but youre still fighting because youre so brave or just utterly nuts yeah yeah[2], and obviously so ooo obviously the cosmos will make the final decision but I can put a good word in[1], and thats all we need or all the cosmos needs[2], and yes I can if I want to[1], and obviously so ooo obviously the cosmos will make the final decision but I can put a good word in[2], and or or or a few million good words in[1], and yes I can if I want to[2], and if I really loves you[1], and or or or a few million good words in[2], and and and with some bad words too ha ha ha just to keep it interesting you know[1], and if I really loves you[2], and its all a bit of fun aint it[1], and and and with some bad words too ha ha ha just to keep it interesting you know[2], and if if[3], and its all a bit of fun aint it[2], and if your mind soul is not a mess I can only salute you my friend however[3], and I wont be saluting you[3], and I know you[3], and you can lie to others and you can even lie to yourself but I see everything with[3], and my supernatural powers[3], and me mind sees you see[3], and aRound aRound and aRound we go together and nothing ever changes but soon oh soon[3], and well everything can changes[3], and Ill be on the cliffs and beaches yes yes[3], and hello Owlman ha[3], and where will you be ah nowhere thinking its somewhere because thats the way you are isnt it[3], and in the office Christ and in the home Christ[3], and unless unless[3], and what what what Ill tell you[3], and oh unless youre one of the very best of the kooks spinning in chaos almost a spiritual aristocrat[3], and almost yes almost[3], and if thats the case and I hope it is[3], and maybe I can have a word with the cosmos and maybe you can take over all this conceptual stuff when Im gone[3], and uh have you prepared your cosmic CV[3], and come on come on[3], and we dont want to know your name your jobs your absurd education oh no no no[3], and just tell us about the visions dreams voices[3], and you magical person you[3], and tell us how youve suffered but youre still fighting because youre so brave or just utterly nuts yeah yeah[3], and thats all we need or all the cosmos needs[3], and obviously so ooo obviously the cosmos will make the final decision but I can put a good word in[3], and yes I can if I want to[3], and or or or a few million good words in[3], and if I really loves you[3], and and and with some bad words too ha ha ha just to keep it interesting you know[3], and its all a bit of fun aint it[3], and

And if if[1], and if your mind soul is not a mess I can only salute you my friend however[1], and if if[2], and I wont be saluting you[1], and if your mind soul is not a mess I can only salute you my friend however[2], and I know you[1], and I wont be saluting you[2], and you can lie to others and you can even lie to yourself but I see everything with[1], and I know you[2], and my supernatural powers[1], and you can lie to others and you can even lie to yourself but I see everything with[2], and me mind sees you see[1], and my supernatural powers[2], and aRound aRound and aRound we go together and nothing ever changes but soon oh soon[1], and me mind sees you see[2], and well everything can changes[1], and aRound aRound and aRound we go together and nothing ever changes but soon oh soon[2], and Ill be on the cliffs and beaches yes yes[1], and well everything can changes[2], and hello Owlman ha[1], and Ill be on the cliffs and beaches yes yes[2], and where will you be ah nowhere thinking its somewhere because thats the way you are isnt it[1], and hello Owlman ha[2], and in the office Christ and in the home Christ[1], and where will you be ah nowhere thinking its somewhere because thats the way you are isnt it[2], and unless unless[1], and in the office Christ and in the home Christ[2], and what what what Ill tell you[1], and unless unless[2], and oh unless youre one of the very best of the kooks spinning in chaos almost a spiritual aristocrat[1], and what what what Ill tell you[2], and almost yes almost[1], and oh unless youre one of the very best of the kooks spinning in chaos almost a spiritual aristocrat[2], and if thats the case and I hope it is[1], and almost yes almost[2], and maybe I can have a word with the cosmos and maybe you can take over all this conceptual stuff when Im gone[1], and if thats the case and I hope it is[2], and uh have you prepared your cosmic CV[1], and maybe I can have a word with the cosmos and maybe you can take over all this conceptual stuff when Im gone[2], and come on come on[1], and uh have you prepared your cosmic CV[2], and we dont want to know your name your jobs your absurd education oh no no no[1], and come on come on[2], and just tell us about the visions dreams voices[1], and we dont want to know your name your jobs your absurd education oh no no no[2], and you magical person you[1], and just tell us about the visions dreams voices[2], and tell us how youve suffered but youre still fighting because youre so brave or just utterly nuts yeah yeah[1], and you magical person you[2], and thats all we need or all the cosmos needs[1], and tell us how youve suffered but youre still fighting because youre so brave or just utterly nuts yeah yeah[2], and obviously so ooo obviously the cosmos will make the final decision but I can put a good word in[1], and thats all we need or all the cosmos needs[2], and yes I can if I want to[1], and obviously so ooo obviously the cosmos will make the final decision but I can put a good word in[2], and or or or a few million good words in[1], and yes I can if I want to[2], and if I really loves you[1], and or or or a few million good words in[2], and and and with some bad words too ha ha ha just to keep it interesting you know[1], and if I really loves you[2], and its all a bit of fun aint it[1], and and and with some bad words too ha ha ha just to keep it interesting you know[2], and if if[3], and its all a bit of fun aint it[2], and if your mind soul is not a mess I can only salute you my friend however[3], and I wont be saluting you[3], and I know you[3], and you can lie to others and you can even lie to yourself but I see everything with[3], and my supernatural powers[3], and me mind sees you see[3], and aRound aRound and aRound we go together and nothing ever changes but soon oh soon[3], and well everything can changes[3], and Ill be on the cliffs and beaches yes yes[3], and hello Owlman ha[3], and where will you be ah nowhere thinking its somewhere because thats the way you are isnt it[3], and in the office Christ and in the home Christ[3], and unless unless[3], and what what what Ill tell you[3], and oh unless youre one of the very best of the kooks spinning in chaos almost a spiritual aristocrat[3], and almost yes almost[3], and if thats the case and I hope it is[3], and maybe I can have a word with the cosmos and maybe you can take over all this conceptual stuff when Im gone[3], and uh have you prepared your cosmic CV[3], and come on come on[3], and we dont want to know your name your jobs your absurd education oh no no no[3], and just tell us about the visions dreams voices[3], and you magical person you[3], and tell us how youve suffered but youre still fighting because youre so brave or just utterly nuts yeah yeah[3], and thats all we need or all the cosmos needs[3], and obviously so ooo obviously the cosmos will make the final decision but I can put a good word in[3], and yes I can if I want to[3], and or or or a few million good words in[3], and if I really loves you[3], and and and with some bad words too ha ha ha just to keep it interesting you know[3], and its all a bit of fun aint it[3], and

Outsight joins GATE Alliance to help deploy Spatial AI in airports

Oh my God. It sounds awful.

'Give them a chance, boss, FFS.'

Well ...

OUTSIGHT JOINS GATE ALLIANCE TO EXPAND THE HORIZONS OF LIDAR AND SPATIAL INTELLIGENCE IN AIRPORT TECHNOLOGY

Outsight, the leading innovator in 3D LiDAR-Based Spatial AI Software Solutions, has announced that it is joining GATE - The Airport Technology Network, an alliance dedicated to fostering innovation and advancement in airport infrastructure.

What's this all about?! Seriously!

Established in 1992, the GATE Alliance brings together 95 actors involved in various fields of airport operations management. From consulting and IT to material handling on terminals, its members include industry giants such as Siemens Logistics and T-Systems International.

Actors?! Why are actors getting involved in this?

'They're putting on a show!'

Well, okay. Avant-garde theatre at the airport. Why not?

This membership marks a significant step for Outsight, as it will collaborate with other GATE members to analyze and improve airport operations through Spatial Intelligence. The partnership aims to integrate Outsight's cutting-edge Spatial AI technology within airport ecosystems, enhancing operational efficiency, elevate passenger experience, and increase safety.

Er ... 

Bringing a New Dimension to Airport Operations with LiDAR and Spatial AI

Outsight's unique Spatial AI technology, based on LiDAR, offers unparalleled insights into people flows and asset utilization within all airport environments, both in the terminal and the curb. This collaboration with GATE will enable the global deployment of Outsight's technology across airports around the world, contributing to smarter, safer, and more efficient airport operations.

Er ... 

A Synergy of Expertise and Innovation

Airports are constantly on the lookout for new solutions to improve performance and stay competitive. Outsight's demonstrated expertise in designing custom LiDAR solutions to meet client needs across countries and operating environments provides airports with the appropriate expertise to appropriately discover the full potential of this new technology. Functional in all lighting conditions, even in complete darkness, LiDAR enables people and object flow tracking without relying on facial identification, providing a secure and privacy-focused alternative to video cameras.

Okay.

Well, maybe we'll get some sense out of Raul ...

Raul Bravo, Founder-President of Outsight has the following to say, "We are grateful for this opportunity to join the GATE Alliance, another step demonstrating the growing recognition of LiDAR's importance in airport management. Collaborating with experts throughout this value chain will allow us to deploy this technology to new and more rewarding uses, all towards the purpose of streamlining, simplifying and securing the end consumer's experience."

I'm none the wiser.

'Maybe they'll give us free tickets to the show.'

There isn't any show, Voice.

'No?'

No. I don't know what it is, but it's not avant-garde theatre at the airport.

'Shame.'

Yeah.

ENDS
ENDS
ENDS

Monday 11 March 2024

[No. 1,181]

And uh uh[1], and hello hello Im again[1], and uh uh[2], and confused again but with a cold now and a headache and please no migraine please no[1], and hello hello Im again[2], and is it still winter[1], and confused again but with a cold now and a headache and please no migraine please no[2], and listen I want to focus on me mind soul if you dont mind[1], and is it still winter[2], and but but but my body is dragging me down into a dirty animal world which might be all right for some[1], and listen I want to focus on me mind soul if you dont mind[2], and who who likes it[1], and but but but my body is dragging me down into a dirty animal world which might be all right for some[2], and Im not in the mood so no complaints about no apostrophes[1], and who who likes it[2], and just dont bother[1], and Im not in the mood so no complaints about no apostrophes[2], and ha ha which is funny because I bought an ebook of poetry from Picador with no apostrophes[1], and just dont bother[2], and I mean they messed up the formatting I suppose[1], and ha ha which is funny because I bought an ebook of poetry from Picador with no apostrophes[2], and didnt anyone check[1], and I mean they messed up the formatting I suppose[2], and I dont know why Im telling you this only well not to worry about no apostrophes aRound here like[1], and didnt anyone check[2], and do yous like[1], and I dont know why Im telling you this only well not to worry about no apostrophes aRound here like[2], and its actually hard for me to look at the screen now[1], and do yous like[2], and my laptop is slow and ridiculous[1], and its actually hard for me to look at the screen now[2], and Christ[1], and my laptop is slow and ridiculous[2], and yeah yeah I suppose this conceptual is a bit off but who cares really[1], and Christ[2], and listen to me[1], and yeah yeah I suppose this conceptual is a bit off but who cares really[2], and I dont care its just words with no meanings[1], and listen to me[2], and or or they have meanings but[1], and I dont care its just words with no meanings[2], and never mind it dont matter[1], and or or they have meanings but[2], and are you listening because Im feeling tired and exhausted and I dont even want to write[1], and never mind it dont matter[2], and but I have to as you know[1], and are you listening because Im feeling tired and exhausted and I dont even want to write[2], and aRound aRound even getting is no fun with me nose the way it is[1], and but I have to as you know[2], and my eyes the way they are aching[1], and aRound aRound even getting is no fun with me nose the way it is[2], and my brain the way its shaking[1], and my eyes the way they are aching[2], and just me whole shivering body the way its moving now feeling uh[1], and my brain the way its shaking[2], and ENDS I wish ha uh[1], and just me whole shivering body the way its moving now feeling uh[2], and aRound aRound and aRound[1], and ENDS I wish ha uh[2], and come on come on ENDS I pray come on[1], and aRound aRound and aRound[2], and I got a bad feeling no no no[1], and come on come on ENDS I pray come on[2], and I got a bad knowledge yes that this will never stop they never stop do they[1], and I got a bad feeling no no no[2], and its crumble hell[1], and I got a bad knowledge yes that this will never stop they never stop do they[2], and uh uh[3], and its crumble hell[2], and hello hello Im again[3], and confused again but with a cold now and a headache and please no migraine please no[3], and is it still winter[3], and listen I want to focus on me mind soul if you dont mind[3], and but but but my body is dragging me down into a dirty animal world which might be all right for some[3], and who who likes it[3], and Im not in the mood so no complaints about no apostrophes[3], and just dont bother[3], and ha ha which is funny because I bought an ebook of poetry from Picador with no apostrophes[3], and I mean they messed up the formatting I suppose[3], and didnt anyone check[3], and I dont know why Im telling you this only well not to worry about no apostrophes aRound here like[3], and do yous like[3], and its actually hard for me to look at the screen now[3], and my laptop is slow and ridiculous[3], and Christ[3], and yeah yeah I suppose this conceptual is a bit off but who cares really[3], and listen to me[3], and I dont care its just words with no meanings[3], and or or they have meanings but[3], and never mind it dont matter[3], and are you listening because Im feeling tired and exhausted and I dont even want to write[3], and but I have to as you know[3], and aRound aRound even getting is no fun with me nose the way it is[3], and my eyes the way they are aching[3], and my brain the way its shaking[3], and just me whole shivering body the way its moving now feeling uh[3], and ENDS I wish ha uh[3], and aRound aRound and aRound[3], and come on come on ENDS I pray come on[3], and I got a bad feeling no no no[3], and I got a bad knowledge yes that this will never stop they never stop do they[3], and its crumble hell[3], and

And uh uh[1], and hello hello Im again[1], and uh uh[2], and confused again but with a cold now and a headache and please no migraine please no[1], and hello hello Im again[2], and is it still winter[1], and confused again but with a cold now and a headache and please no migraine please no[2], and listen I want to focus on me mind soul if you dont mind[1], and is it still winter[2], and but but but my body is dragging me down into a dirty animal world which might be all right for some[1], and listen I want to focus on me mind soul if you dont mind[2], and who who likes it[1], and but but but my body is dragging me down into a dirty animal world which might be all right for some[2], and Im not in the mood so no complaints about no apostrophes[1], and who who likes it[2], and just dont bother[1], and Im not in the mood so no complaints about no apostrophes[2], and ha ha which is funny because I bought an ebook of poetry from Picador with no apostrophes[1], and just dont bother[2], and I mean they messed up the formatting I suppose[1], and ha ha which is funny because I bought an ebook of poetry from Picador with no apostrophes[2], and didnt anyone check[1], and I mean they messed up the formatting I suppose[2], and I dont know why Im telling you this only well not to worry about no apostrophes aRound here like[1], and didnt anyone check[2], and do yous like[1], and I dont know why Im telling you this only well not to worry about no apostrophes aRound here like[2], and its actually hard for me to look at the screen now[1], and do yous like[2], and my laptop is slow and ridiculous[1], and its actually hard for me to look at the screen now[2], and Christ[1], and my laptop is slow and ridiculous[2], and yeah yeah I suppose this conceptual is a bit off but who cares really[1], and Christ[2], and listen to me[1], and yeah yeah I suppose this conceptual is a bit off but who cares really[2], and I dont care its just words with no meanings[1], and listen to me[2], and or or they have meanings but[1], and I dont care its just words with no meanings[2], and never mind it dont matter[1], and or or they have meanings but[2], and are you listening because Im feeling tired and exhausted and I dont even want to write[1], and never mind it dont matter[2], and but I have to as you know[1], and are you listening because Im feeling tired and exhausted and I dont even want to write[2], and aRound aRound even getting is no fun with me nose the way it is[1], and but I have to as you know[2], and my eyes the way they are aching[1], and aRound aRound even getting is no fun with me nose the way it is[2], and my brain the way its shaking[1], and my eyes the way they are aching[2], and just me whole shivering body the way its moving now feeling uh[1], and my brain the way its shaking[2], and ENDS I wish ha uh[1], and just me whole shivering body the way its moving now feeling uh[2], and aRound aRound and aRound[1], and ENDS I wish ha uh[2], and come on come on ENDS I pray come on[1], and aRound aRound and aRound[2], and I got a bad feeling no no no[1], and come on come on ENDS I pray come on[2], and I got a bad knowledge yes that this will never stop they never stop do they[1], and I got a bad feeling no no no[2], and its crumble hell[1], and I got a bad knowledge yes that this will never stop they never stop do they[2], and uh uh[3], and its crumble hell[2], and hello hello Im again[3], and confused again but with a cold now and a headache and please no migraine please no[3], and is it still winter[3], and listen I want to focus on me mind soul if you dont mind[3], and but but but my body is dragging me down into a dirty animal world which might be all right for some[3], and who who likes it[3], and Im not in the mood so no complaints about no apostrophes[3], and just dont bother[3], and ha ha which is funny because I bought an ebook of poetry from Picador with no apostrophes[3], and I mean they messed up the formatting I suppose[3], and didnt anyone check[3], and I dont know why Im telling you this only well not to worry about no apostrophes aRound here like[3], and do yous like[3], and its actually hard for me to look at the screen now[3], and my laptop is slow and ridiculous[3], and Christ[3], and yeah yeah I suppose this conceptual is a bit off but who cares really[3], and listen to me[3], and I dont care its just words with no meanings[3], and or or they have meanings but[3], and never mind it dont matter[3], and are you listening because Im feeling tired and exhausted and I dont even want to write[3], and but I have to as you know[3], and aRound aRound even getting is no fun with me nose the way it is[3], and my eyes the way they are aching[3], and my brain the way its shaking[3], and just me whole shivering body the way its moving now feeling uh[3], and ENDS I wish ha uh[3], and aRound aRound and aRound[3], and come on come on ENDS I pray come on[3], and I got a bad feeling no no no[3], and I got a bad knowledge yes that this will never stop they never stop do they[3], and its crumble hell[3], and

And uh uh[1], and hello hello Im again[1], and uh uh[2], and confused again but with a cold now and a headache and please no migraine please no[1], and hello hello Im again[2], and is it still winter[1], and confused again but with a cold now and a headache and please no migraine please no[2], and listen I want to focus on me mind soul if you dont mind[1], and is it still winter[2], and but but but my body is dragging me down into a dirty animal world which might be all right for some[1], and listen I want to focus on me mind soul if you dont mind[2], and who who likes it[1], and but but but my body is dragging me down into a dirty animal world which might be all right for some[2], and Im not in the mood so no complaints about no apostrophes[1], and who who likes it[2], and just dont bother[1], and Im not in the mood so no complaints about no apostrophes[2], and ha ha which is funny because I bought an ebook of poetry from Picador with no apostrophes[1], and just dont bother[2], and I mean they messed up the formatting I suppose[1], and ha ha which is funny because I bought an ebook of poetry from Picador with no apostrophes[2], and didnt anyone check[1], and I mean they messed up the formatting I suppose[2], and I dont know why Im telling you this only well not to worry about no apostrophes aRound here like[1], and didnt anyone check[2], and do yous like[1], and I dont know why Im telling you this only well not to worry about no apostrophes aRound here like[2], and its actually hard for me to look at the screen now[1], and do yous like[2], and my laptop is slow and ridiculous[1], and its actually hard for me to look at the screen now[2], and Christ[1], and my laptop is slow and ridiculous[2], and yeah yeah I suppose this conceptual is a bit off but who cares really[1], and Christ[2], and listen to me[1], and yeah yeah I suppose this conceptual is a bit off but who cares really[2], and I dont care its just words with no meanings[1], and listen to me[2], and or or they have meanings but[1], and I dont care its just words with no meanings[2], and never mind it dont matter[1], and or or they have meanings but[2], and are you listening because Im feeling tired and exhausted and I dont even want to write[1], and never mind it dont matter[2], and but I have to as you know[1], and are you listening because Im feeling tired and exhausted and I dont even want to write[2], and aRound aRound even getting is no fun with me nose the way it is[1], and but I have to as you know[2], and my eyes the way they are aching[1], and aRound aRound even getting is no fun with me nose the way it is[2], and my brain the way its shaking[1], and my eyes the way they are aching[2], and just me whole shivering body the way its moving now feeling uh[1], and my brain the way its shaking[2], and ENDS I wish ha uh[1], and just me whole shivering body the way its moving now feeling uh[2], and aRound aRound and aRound[1], and ENDS I wish ha uh[2], and come on come on ENDS I pray come on[1], and aRound aRound and aRound[2], and I got a bad feeling no no no[1], and come on come on ENDS I pray come on[2], and I got a bad knowledge yes that this will never stop they never stop do they[1], and I got a bad feeling no no no[2], and its crumble hell[1], and I got a bad knowledge yes that this will never stop they never stop do they[2], and uh uh[3], and its crumble hell[2], and hello hello Im again[3], and confused again but with a cold now and a headache and please no migraine please no[3], and is it still winter[3], and listen I want to focus on me mind soul if you dont mind[3], and but but but my body is dragging me down into a dirty animal world which might be all right for some[3], and who who likes it[3], and Im not in the mood so no complaints about no apostrophes[3], and just dont bother[3], and ha ha which is funny because I bought an ebook of poetry from Picador with no apostrophes[3], and I mean they messed up the formatting I suppose[3], and didnt anyone check[3], and I dont know why Im telling you this only well not to worry about no apostrophes aRound here like[3], and do yous like[3], and its actually hard for me to look at the screen now[3], and my laptop is slow and ridiculous[3], and Christ[3], and yeah yeah I suppose this conceptual is a bit off but who cares really[3], and listen to me[3], and I dont care its just words with no meanings[3], and or or they have meanings but[3], and never mind it dont matter[3], and are you listening because Im feeling tired and exhausted and I dont even want to write[3], and but I have to as you know[3], and aRound aRound even getting is no fun with me nose the way it is[3], and my eyes the way they are aching[3], and my brain the way its shaking[3], and just me whole shivering body the way its moving now feeling uh[3], and ENDS I wish ha uh[3], and aRound aRound and aRound[3], and come on come on ENDS I pray come on[3], and I got a bad feeling no no no[3], and I got a bad knowledge yes that this will never stop they never stop do they[3], and its crumble hell[3], and

Lipper revealed the inflows

Oh, okay.

ENDS
ENDS
ENDS

Well -

'Surely there's more to the email than that, boss? I want to hear more.'

All right, Voice. But I'm just warning you that this is a Monday morning, you dig?

'I understand.'

Right ...

Long-term products enjoyed overall inflows over the course of 2023 (+€22.7 bn).
Money Market EUR was the best-selling Lipper Classification for the year 2023 (+€107.7 bn).
BlackRock was the best-selling fund promoter in Europe for the year 2023 (+€107.8 bn).
The overall number of funds in the Europe increased by 341 products.

It's about ETFs.

'Where's Detlef?'

He's here somewhere.

'What about Lucky?'

He's probably in the PDF, but I won't be opening it, not today.

London, 5 March 2024: ETFs have witnessed inflows of €154.9 bn over the course of 2023. These flows marked the second highest inflows into ETFs in history and fell only shy of the record inflows of the year 2021 (+€161.4 bn). Therefore, 2023 will be considered as a very good year for the European ETF industry.

Conversely, actively managed long-term mutual funds faced outflows (-€173.5 bn). That said, the inflows into money market products (+€161.2 bn) brought the overall outflows from actively managed funds down (-€12.4 bn).

'Is that Detlef?'

No. I don't know who it is.

Some market observers may speculate that European investors are selling actively managed products and buying back passive products, especially for classifications with roughly matching numbers for the outflows from actively managed funds and the inflows into ETFs. Generally speaking, one could agree with this thesis by looking at the high-level numbers, but since this can't be proven by facts, agreeing with this assumption depends on the reader's point of view.

'Who is that?!'

I have no idea.

'There are no speech marks.'

So?

Please ...

This is a Monday morning, man.

'I understand.'

In addition, one needs to bear in mind that - 

No, no - NO - !!! I don't need to bear in mind, actually. I want to hear from Detlef.

'Yeah! Come on!'

[I've got a cold, by the way, dear reader(s).]

Detlef Glow, Head of European of Lipper Research, comments: "2023 was not an easy year for the European fund industry. Beside some economic headwinds, the industry faced massive outflows from mixed-assets funds. In addition, European investors moved from actively managed equity funds towards equity ETFs."

Ah, the great man himself. 'Yippee!'

"These and the other fund flow trends put some pressure on the balance sheets of the promoters of actively managed funds in Europe, while the promoters of ETFs enjoyed the second highest inflows on record over the course of 2023. There were also some other fund flow trends underneath the headline trends for 2023, which might be surprising for investors and market observers."

Speech marks, too, Voice. 'Detlef is a professional, boss.' Of course he is!

Detlef concludes: "2024 Lipper Fund Award exceptional winners have taken full advantage of opportunities, displaying a shrewd investment approach that adeptly managed portfolios during trying times and yielded outstanding results."

Three paragraphs, not bad.

'Thanks, Detlef!'

And we'll just finish off with the full European picture -

The full European picture:

The promoters of mutual funds (+€40.5 bn) and the promoters of ETFs (+€154.9 bn) enjoyed inflows over the course of 2023.

The inflows into ETFs for 2023 were the second highest inflows for ETFs in Europe in history.

Long-term products enjoyed overall inflows over the course of 2023 (+€22.7 bn).

Actively managed long-term products (-€173.5 bn) faced massive outflows for the year 2023.

Mixed-assets funds (-€100.3 bn) posted the highest estimated outflows on record for 2023.

Money market products enjoyed the highest estimated net inflows (+€172.6 bn) for 2023.

Money Market EUR was the best-selling Lipper Classification for the year 2023 (+€107.7 bn).

BlackRock was the best-selling fund promoter in Europe for the year 2023 (+€107.8 bn).

The overall number of funds in the Europe increased by 341 products.

Fair enough.

ENDS

Anyway ...

Laters.