Evidence shows need for trustee engagement

The Unilever case has shamed the UK investment industry

Evidence revealed in the Unilever case has cast both parties in a disappointing light and fuelled demands made by Paul Myners for greater professionalism among trustees.

MLIM appeared to have failed to quantify the risks it was undertaking on the £1bn (€1.6bn) it was managing for Unilever. It placed almost all its confidence on the intuition of its individual fund managers.

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The Worst Performer in Billionaires’ Portfolios? Trophy Art.