UK - Thursday morning in the High Court saw Wendy Mayall testify on the events in May 1997 that led to the breakdown of relations between the Unilever Superannuation Fund and Mercury Asset Management (MAM).
In late May, the chief investment officer of the fund, Mayall, received a report from USF’s consultants Frank Russell demonstrating that the fund was underperforming the benchmarks set by Unilever ...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date