UK - The Co-operative Group's £2bn pension fund (CWS Pension Fund) has become the latest scheme to seek legal advice over Merrill Lynch Investment Managers (MLIM) following "dissatisfaction" with performance.
CWS - which has around 61,000 members - added that recent departures of key staff from MLIM also prompted the move to ditch the firm, severing a 30-year relationship. MLIM holds a £500m active...
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