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Article: News: In brief - Diageo withdraws mandate from MLIM.(Merrill Lynch Investment Managers)(Brief Article)
- Article from:
- Financial Times Mandate
- Article date:
- December 16, 2002
CopyrightCOPYRIGHT 2002 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Staff turmoil and performance trouble have cost Merrill Lynch Investment Managers (MLIM) a GBP280m UK equity mandate with Diageo's pension fund.
Graeme Robertson, the UK pensions director of the drinks giant, confirmed that Glasgow Investment Managers had inherited the portfolio.
He said: "The decision follows the well-known difficulties of MLIM's UK portfolio management side. It is a pity because we have a ...