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
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
