UK - Former Merrill Lynch Investment Managers fund manager Alistair Lennard described in court the rationale behind his construction of the Unilever Superannuation Fund portfolio during his second day in the witness stand.
He said that he employed a “barbell strategy” where he was overweight in industrial cyclical stocks in 1996 and 1997 and this was balanced out by also being overweight in defensive sectors like foo...
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