UK - Unilever claimed in the High Court yesterday it has documentary evidence that Alistair Lennard, the MLIM fund manager responsible for managing part of its £5bn pension portfolio, admitted negligence in the way he handled the money.
Unilever alleges Merrill Lynch Investment Managers (MLIM), then trading as Mercury Asset Management, acted negligently by failing to operate adequate risk controls in the running of its assets in 1...
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