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Aug 31, 1996

Fund Managment Profile: Legal & General Investment Management

The investment strategy of the UK-based life assurer responsible for some £40 bn worth of assets

David Rough and his colleagues at London-based Legal & General Investment Management hit the headlines earlier this year when they publicly voiced their opposition to UK-based Farnell Electronics' proposed 'merger' with the much larger US-based Premier Industrial Corporation. The merger was just too expensive and favoured US shareholders over UK ones, explained Rough, director group investments. Legal & General decided it should come out in the media and show support for Standard Life's

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