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Oct 31, 1999

Moving the benchmark

Changing the face of the future

The news that the Unilever Superannuation Fund is taking legal action against Merrill Lynch Mercury Asset Management for underperformance in the handling of its portfolio raises crucial issues for investor relations officers. This is no longer just a fund management spat between client and manager. It has grave implications for the future of active fund management in the UK and other markets. Leading on from that is a major impact on corporate relationships with institutions. For those IROs

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