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Spotlights HSBC James Capel (brokers), value‐based management and the high profile commitment to equity research, following discussions and work with academics and management consultants. Commends the use of figures to ‘flesh out’ the explanations used within and HSBC James Capel's business techniques. Summarizes that the HSBC James Capel brokerage understands the various models and is in collaboration with the experts, as it should be as a leader in the field.

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