MLIM: Mayall negligent

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UK - Merrill Lynch Investment Managers (MLIM) continued to accuse Unilever Superannuation Fund of contributory negligence by launching a stinging assault on the pension fund's CIO, Wendy Mayall, in the High Court yesterday.

Unilever alleges Mercury Asset Management (MAM), which MLIM bought for £3.1bn in 1997, acted negligently by failing to operate adequate risk controls in the running of £1bn of its assets in 1997 an...

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