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Fund managers back Barclays’ bad bank

Influential UK fund managers - including Crispin Odey - back the move, expected to be announced at a strategy day next week

Influential UK fund managers this morning backed any move by Barclays to build a bad bank, expected to be unveiled at its strategy day next week.

UK hedge fund manager Crispin Odey, founder of Odey Asset Management, said: "They should have created the bad bank long before."

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