UK - Hermes Investment Management has rejected an indictment issued by the Korean prosecutor accusing the asset manager of unfairly profiting to the sum of Won7.3bn (e6.2m / £4.2m / $7.5m) following comments made to the press by former fund manager Robert Clements.
A spokesman for Hermes confirmed the prosecutor had sought to fine the company $7.5m (e6.2m) and also issued a warrant for Clements’ arrest. Clements is accused of manipulating the share price o...
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