Jim Slater: the godfather of asset-stripping who made – then lost – a fortune

Jim Slater, the legendary 1970s financier who died last week aged 86, started his own business, lost a fortune, and then made another one.

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Jim Slater, the legendary 1970s financier who died last week aged 86, "was once the most influential figure in the City, and certainly one of the most feared", says The Independent. His stated ambition was to own "a significant percentage of every major asset situation in Britain", and for a while it looked as though his investment vehicle, Slater Walker, might do it. The "godfather of asset-stripping" (gaining control of a firm, then selling off underperforming assets), he made and lost a fortune before reinventing himself as an investment guru and children's author.

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